ISLAMABAD: Pakistan will lift restrictions on commercial imports of used vehicles up to five years old starting in September, Finance Minister Muhammad Aurangzeb told a parliamentary committee on Friday.
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Pakistan nominates Trump for Nobel Peace Prize for role in India standoff
ISLAMABAD: Pakistan has put forward US President Donald Trump as a candidate for the 2026 Nobel Peace Prize, citing his diplomatic efforts to defuse a recent flare-up with India that risked plunging the nuclear-armed neighbours into war.
Sharif presses Rubio for diplomacy to ease Iran-Israel tensions
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday urged a diplomatic push to ease the intensifying military clash between Iran and Israel during a Friday phone call with U.S. Secretary of State Marco Rubio, as airstrikes and missile volleys threaten to ignite a broader Middle East war.
Pakistan secures Rs1.275 trillion Islamic finance deal to tackle power sector debt
ISLAMABAD: Pakistan has clinched a Rs1.275 trillion ($4.6 billion) Islamic finance facility from 18 commercial banks to confront its power sector’s ballooning debt, a pivotal step to shore up the economy and align with its $7 billion International Monetary Fund program, Power Minister Awais Leghari said Friday.
Army chief calls for stronger US ties amid global tensions
ISLAMABAD: Pakistan’s military leader, Field Marshal Asim Munir, pressed for a deeper partnership with the United States during a high-profile visit to Washington this week, pitching expanded cooperation on security, economic growth, and regional stability amid escalating global tensions.
Pakistan to import 750,000T of sugar after export surge fuels price spike
ISLAMABAD: Pakistan is set to import 750,000 metric tonnes of sugar following a massive export push that drained domestic supplies and sent prices soaring to all-time highs.
Pakistan rolls out Rs100 billion EV subsidy to boost green transport
ISLAMABAD: The government on Thursday rolled out its Electric Vehicle (EV) Policy 2025-30, pledging more than Rs100 billion in subsidies over the next five years to push electric bikes and rickshaws into the mainstream.
Senate committee rejects carbon levy on petroleum productsÂ
ISLAMABAD: The Senate finance committee on Thursday axed a proposed Rs2.5-per-litre carbon levy on petroleum products, Â a measure embedded in the Finance Bill 2025-26, putting at risk the revenue goal of Rs45 billion tied to a $1.4 billion International Monetary Fund (IMF) program.
Pakistan condemns Israel’s unjustified attack on Iran, calls for global action
ISLAMABAD: Pakistan on Thursday condemned Israel’s ongoing war against Iran, denouncing Tel Aviv’s recent attack as “unjustified and illegitimate” and pressing the international community to step in and hold Israel accountable.
Pakistan draws interest from five bidders for struggling PIA
ISLAMABAD: Five bidders, including prominent business groups and a military-backed firm, have emerged as contenders to buy ailing Pakistan International Airlines, the Privatization Ministry said on Thursday, signaling momentum in Pakistan’s latest push to offload the loss-making state-owned enterprises and comply with the terms of a $7 billion International Monetary Fund bailout.