ISLAMABAD: Pakistan International Airlines Corp. will operate daily flights to London starting next month, the clearest sign yet that the state carrier’s new private owners are moving to reclaim ground lost during a five-year exile from European and British airspace.
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OGDCL taps Baker Hughes to squeeze more oil from aging fields
ISLAMABAD: Pakistan’s largest state-owned energy explorer is turning to Baker Hughes to wring additional output from oil and gas fields that have been pumping for decades, part of a broader push by Islamabad to narrow its reliance on imported fuel.
ADB signals deeper Pakistan support as stabilization gains take hold
ISLAMABAD: Pakistan secured a fresh endorsement from the Asian Development Bank for its macroeconomic stabilization efforts, with the lender signaling readiness to expand financing for small businesses and export-oriented industries as the South Asian nation pivots toward growth.
Pakistan, Kyrgyzstan sign pact to lift trade to $200 million
ISLAMABAD: Pakistan and Kyrgyzstan agreed to raise bilateral trade more than tenfold to $200 million annually within two years, as Prime Minister Shehbaz Sharif pressed ahead with an effort to position his country as a gateway between South and Central Asia.
Pakistan turns down BP’s costly sole LNG bid, deepening energy squeeze
ISLAMABAD: Pakistan rejected the only bid submitted for an emergency cargo of liquefied natural gas, deeming the price too high even as the South Asian nation scrambles to plug a supply gap left by halted shipments from Qatar.
Terror attacks surge 38 percent in August, but deadlier July casts long shadow
ISLAMABAD: Militant violence across the country intensified in August, with the number of terrorist attacks climbing 38 percent from the previous month, even as the human toll of that violence — the dead and the wounded — declined, according to new data from a security research group.
Pakistan selector defends brutal mid-series overhaul after Afridi calls it ‘most shocking decision ever’
KARACHI: Pakistan’s chief selector has mounted a defiant defence of the cricket board’s decision to tear up its Test squad and coaching staff midway through the England series, insisting the wholesale changes were forced by a team that had simply stopped competing — even as the fallout threatened to consume the selection process itself.
Petrol, diesel prices rise as Mideast tensions keep oil elevated
ISLAMABAD: Pakistan raised retail fuel prices for a second consecutive day on Tuesday, as the government’s new daily pricing mechanism continued to pass through volatility from renewed fighting between the United States and Iran that has rattled global oil markets.
Lawmakers push back on IMF plan to end export zones
ISLAMABAD: Pakistan will eliminate tax and duty concessions for its export processing zones by 2035 under conditions attached to a $7 billion International Monetary Fund loan program, a senior government official told lawmakers, as a Senate panel pressed the administration to renegotiate terms it warned could damage industrial output and investor confidence.
Pakistan’s second Eurobond of 2026 tests investors’ appetite for longer debt
Pakistan is asking bond investors for a longer commitment this time. The government began marketing a dual-tranche dollar bond with five- and 10-year maturities on Tuesday, its second international debt sale this year and a bet that improving credit ratings will persuade money managers to hold its debt further out on the curve than they did in April.