ISLAMABAD: Heavy rainfall and relentless flooding have swept across Pakistan, claiming at least six lives in the past 24 hours and driving the nation’s monsoon death toll to 258, the National Disaster Management Authority (NDMA) reported on Thursday.
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JLL steps down from Roosevelt hotel privatisation role over conflict of interest
ISLAMABAD: Jones Lang LaSalle Inc., the global real estate advisory firm tasked with guiding the privatisation of New York’s Roosevelt Hotel, has stepped down from its role, citing a potential conflict of interest, Pakistan’s Privatisation Commission said on Thursday.
BERLIN, GERMANY - APRIL 5: BYD electric cars stand at a BYD dealership on April 5, 2024 in Berlin, Germany. BYD, which stands for Build Your Dreams, is a Chinese manufacturer that went from making solar panels to electric cars. The company is seeking to gain a foothold in the German auto market and has opened over two dozen dealerships nationwide. (Footage by Sean Gallup/Getty Images)
China’s BYD to launch Pakistan-assembled EVs by mid-2026 as demand for hybrids surges
KARACHI: Chinese electric vehicle giant BYD plans to roll out its first car assembled in Pakistan by July or August 2026, aiming to capitalize on the growing demand for electric and plug-in hybrid vehicles in the region, Reuters reported said on Wednesday.
Islamabad High Court suspends order to investigate blasphemy law misuse
ISLAMABAD: The Islamabad High Court (IHC) on Thursday suspended an earlier order directing the government to form a commission to investigate the misuse of the nation’s blasphemy laws, a deeply contentious issue that has sparked violence and public unrest across the country.
S&P upgrades Pakistan’s credit rating to ‘B-’ on IMF-backed stability
KARACHI: Ratings agency S&P Global raised Pakistan’s sovereign credit rating to ‘B-’ from ‘CCC+’ and assigned a stable outlook on Thursday, signaling growing confidence in the country’s financial stability bolstered by International Monetary Fund support.
Pakistan’s passport languishes near bottom of global rankings
KARACHI: Pakistan’s passport ranks among the weakest globally, granting its citizens visa-free access to only 32 destinations, according to the latest Henley Passport Index.
Market expects rate cut as SBP meeting nears
KARACHI: Most market participants expect the State Bank of Pakistan (SBP) to lower interest rates at its upcoming meeting, a poll showed, as inflation is projected to remain low and the external account shows stability.
Pakistan and Afghanistan ink trade pact to slash tariffs
ISLAMABAD: Pakistan and Afghanistan signed a landmark trade deal on Wednesday, agreeing to an Early Harvest Programme (EHP) that slashes tariffs on eight agricultural items for one year and lays the groundwork for a broader preferential trade agreement (PTA).
SCP denounces ‘weaponising’ infertility against women in legal disputes
ISLAMABAD: The Supreme Court of Pakistan (SCP) on Wednesday condemned what it called a “distressing and sorrowful” practice: wielding infertility, or even its mere suspicion, as a cudgel against women in legal disputes.
Pakistan cracks down on sugar hoarding to tame runaway prices
ISLAMABAD: The government has launched a nationwide crackdown on sugar hoarding and profiteering as retail prices of the commodity have soared to unprecedented levels, sparking widespread public outcry and intensifying criticism from opposition parties.