ISLAMABAD: Pakistan has approved the import of 500,000 metric tonnes of sugar as part of a planned total of 750,000 metric tonnes to tackle a severe domestic shortage and record-high prices triggered by an aggressive export drive that depleted local stocks.
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Pakistan extends airspace ban on Indian flights
ISLAMABAD: Pakistan has extended its airspace restriction on Indian aircraft for another month, a move that underscores the persistent friction between the two nuclear-armed neighbors.
PM Sharif sets up committees to push cashless economy
ISLAMABAD: Prime Minister Shehbaz Sharif has formed three committees to drive digital transactions and cut reliance on cash, aiming to boost transparency in an economy where informal cash dealings prevail.
Pakistan braces for heavy monsoon rains, flooding risks
ISLAMABAD: Pakistan meteorological department warned on Monday that heavy monsoon rains are expected to lash several regions starting June 25, raising the risk of flash floods and landslides in low-lying and hilly areas.
Bhutto-Zardari warns world silence on Israel’s Iran attack risks global conflict
ISLAMABAD, Bilawal Bhutto-Zardari, a key coalition partner in Pakistan Muslim League Nawaz-led government, warned on Monday that the world’s silence on Israel’s aggression against Iran risks plunging humanity into a global conflict, urging swift international action as tensions escalate in the Middle East and South Asia.
NSC condemns Israel, backs Iran but avoids criticising US in emergency meeting
ISLAMABAD: Pakistan’s National Security Committee (NSC) on Monday strongly condemned Israel’s airstrikes on Iran and endorsed Tehran’s right to self-defense, but refrained from addressing the United States’ weekend strike on Iranian nuclear facilities, signaling a delicate diplomatic balancing act.
Pakistan stocks sink 3.21 percent as US attack on Iran roils global markets
By Staff Reporter KARACHI: Pakistan’s stock market cratered on Monday, with the benchmark KSE-100 index plunging nearly 3,900 points as escalating tensions between the US
NSC meets urgently over regional crisis after US hits Iranian nuclear facilities
ISLAMABAD: Pakistan’s top civil and military leadership will gather today for an emergency meeting of the National Security Committee (NSC) to confront the worsening regional crisis sparked by US airstrikes on three nuclear facilities in Iran.
Pakistan assures ample oil stocks after US strikes on Iran rattle markets
ISLAMABAD: The government, seeking to ease concerns over oil supplies, has assured the public that the country holds sufficient petroleum stocks to handle disruptions from the intensifying U.S.-Iran conflict in the Middle East following US military strikes on Iran’s nuclear facilities.
FBR unveils Rs36 billion new tax measures to offset solar tax cut and salary hikes
ISLAMABAD: The Federal Board of Revenue (FBR) has rolled out a Rs36 billion package of new taxes to plug a financial gap triggered by a reduction in sales tax on solar panels and a proposed salary hike for government employees.