KARACHI: Foreign investors repatriated $592.7 million in profits and dividends in the first two months of Pakistan’s current fiscal year, more than doubling the $274.7 million recorded in the same period last year, central bank data revealed on Friday, reflecting improved corporate profitability and easing restrictions on capital outflows.
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Pakistan extends airspace ban for Indian aircraft until October 24
ISLAMABAD: Pakistan on Friday extended its ban on Indian aircraft using its airspace until October 24, the Pakistan Aviation Authority (PAA) said, marking the fifth extension of a restriction first imposed in April amid heightened tensions between the two nuclear-armed neighbors.
ICC reprimands Pakistan Cricket Board over recorded meeting in Asia Cup handshake controversy
LAHORE: The International Cricket Council (ICC) has accused the Pakistan Cricket Board (PCB) of breaching protocol by recording a meeting with match referee Andy Pycroft ahead of Pakistan’s Asia Cup match against the UAE in Dubai on September 17, according to a report by India’s state-run Press Trust of India (PTI) news agency on Friday.
Security forces kill three ISKP militants in Khyber gunbattle
PESHAWAR: The counter-terrorism forces killed three militants, including an Afghan national, in a gunbattle during an intelligence-led operation in the northwestern Khyber district late Friday, officials said.
Pakistan launches competitive electricity market to stabilise prices, boost industry
ISLAMABAD: The Power Division on Friday launched the Competitive Trading Bilateral Contract Market (CTBCM), a long-delayed reform aimed at creating a transparent electricity market and addressing decades of structural inefficiencies.
CDWP endorses Rs18.14 billion health project for Khyber Pakhtunkhwa
ISLAMABAD: The Central Development Working Party (CDWP) on Friday recommended a Rs18.14 billion health project for Khyber Pakhtunkhwa to the country’s top economic body for final approval, aiming to strengthen primary care services for local communities and refugees.
Pakistan says other countries express interest in defence pacts after landmark deal with Saudi Arabia
ISLAMABAD: Several countries have expressed interest in pursuing strategic defense agreements with Pakistan in the wake of its new mutual defense pact with Saudi Arabia, Deputy Prime Minister and Foreign Minister Ishaq Dar said Friday.
Five IHC judges petition Supreme Court over chief justice’s powers
ISLAMABAD : Five judges of the Islamabad High Court filed separate petitions with Pakistan’s Supreme Court on Friday, seeking declarations that would curb the administrative powers of the high court’s chief justice and address what they described as misuse of authority in bench formations, case transfers and roster issuances.
Pakistan military reaffirms US ties, rejects ‘either-or’ choice with China
ISLAMABAD : Pakistan’s military on Friday reaffirmed its longstanding ties with the United States, insisting there is no “either-or” in its relations with other countries including China, while accusing arch-rival India of sponsoring terrorism inside Pakistan from bases in Afghanistan.
Chief Justice promises quick action on Imran Khan’s jail grievances
ISLAMABAD: The chief justice offered a glimmer of hope Thursday to jailed former prime minister Imran Khan, assuring his legal team of a “positive response” to complaints about his prison conditions and stalled court cases within 24 hours, according to a senior lawyer.