ISLAMABAD: Pakistan has so far withstood the energy-price shock from the Iran war, though attacks on Gulf energy infrastructure threaten to prolong the damage, Finance Minister Muhammad Aurangzeb said.
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20 police recruits kidnapped in Balochistan day after Rakhshan commissioner abducted
By Staff Reporter QUETTA: Armed men have kidnapped 20 trainee police officers who were travelling home on leave in Pakistan’s Balochistan province, a day after
Pakistan halts Iran trade at two main crossings, stranding trucks
ISLAMABAD: Pakistan has suspended trade with Iran through the Taftan and Gabd-Rimdan border crossings, stranding hundreds of trucks and threatening supplies of liquefied petroleum gas to the South Asian nation.
Military and ministers round on Fazlur Rehman over emergency rule criticism
By Staff Reporter ISLAMABAD/LAHORE: The head of one of Pakistan’s largest religious parties has called for a closed-door session of parliament on terrorism, after a
KP to pay families of slain police up to Rs35m in expanded compensation package
PESHAWAR: Families of police officers killed in the line of duty in Khyber Pakhtunkhwa will receive up to Rs35m in compensation under a package announced by the provincial governor on Friday, which also replaces plot allotments with cash.
Pakistan vows crackdown on hoarding after flour price surge
By Staff Reporter ISLAMABAD: The government threatened strict action against hoarding and overpricing of essential commodities on Friday, a week after wheat flour led short-term
Pakistan pledges to stand “shoulder to shoulder” with Saudi Arabia against Houthi attacks
ISLAMABAD: Prime Minister Shehbaz Sharif has vowed that Pakistan will stand “shoulder to shoulder” with Saudi Arabia against escalating Houthi attacks that have killed and wounded Pakistani nationals in the kingdom.
Pakistan to chair IMF, World Bank governors for first time since 1953
ISLAMABAD: Pakistan will chair the boards of governors of the International Monetary Fund and the World Bank Group next year, its first turn in the post since 1953, the government said on Friday.
Petrol gets second straight price cut, diesel remains unchanged
ISLAMABAD: The government cut petrol prices for a second straight day, lowering the fuel by 3.93 rupees a liter to 386.30 rupees while leaving diesel unchanged at 396.96 rupees, even as crude oil climbed back toward $110 a barrel.
Pakistan weighs $1.5 billion World Bank-backed financing to lower costs
ISLAMABAD: Pakistan is exploring a financing of about $1.5 billion backed by World Bank Group guarantees, part of a push to broaden its funding base after its return to international bond markets, the Finance Division said on Friday.