ISLAMABAD: Former Prime Minister Shahid Khaqan Abbasi on Saturday pressed the government to immediately deregulate petroleum product prices and accelerate the adoption of electric vehicles, saying the steps are the only viable response to the sharp rise in global oil costs triggered by the US-Israel war on Iran.
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Asif says India plotting false-flag operation to blame Pakistan ahead of 2025 Kashmir attack anniversary
SIALKOT: Defence Minister Khawaja Asif accused India on Saturday of preparing a “false-flag operation” designed to blame Islamabad for terrorism, warning that any such attempt would draw a strong Pakistani reaction as the two nuclear-armed rivals approach the anniversary of last year’s deadly attack in occupied Kashmir.
Pakistan Navy inducts second Turkish-built corvette PNS Khaibar
ISLAMABAD: The Pakistan Navy on Saturday formally inducted the second Milgem-class corvette into its fleet, the latest addition to a four-ship program that officials described as critical to defending the country’s maritime borders and vital sea lanes.
Pakistan braces for new wave of heavy rains, hail and flash floods as western disturbance sweeps in
ISLAMABAD: The Pakistan Meteorological Department has warned that a fresh western disturbance will bring widespread rain, thunderstorms, isolated hailstorms and the risk of flash flooding and landslides to much of the country beginning Sunday night and persisting through April 9.
Pakistan-brokered ceasefire talks with Iran gain new life as Tehran pushes back against reports of refusal
ISLAMABAD: Iran’s foreign minister said on Saturday that Tehran had never turned down an offer to hold peace talks in Pakistan, directly challenging US media accounts that portrayed the latest round of regional mediation efforts as deadlocked.
Petrol drops to Rs378 as govt cuts levy by Rs80 after record price shock
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday announced an Rs80-a-liter cut in the petroleum levy that will bring retail petrol prices down to Rs378 a liter starting at midnight Saturday.
Pakistan’s quiet mediation push falters after Iran refuses ceasefire talks with US in Islamabad – report
ISLAMABAD: Efforts by regional powers, including Pakistan, to broker a ceasefire between the United States and Iran have collapsed, with Tehran formally rejecting planned direct talks in Islamabad and branding American demands unacceptable, The Wall Street Journal reported on Friday.
Pakistan to repay full $3.5 billion UAE debt this month, ending rollover uncertainty
ISLAMABAD: Pakistan has decided to repay its entire $3.5 billion debt to the United Arab Emirates this month, a senior cabinet minister said on Friday, resolving weeks of speculation over whether Abu Dhabi would continue rolling over the short-term financing that had become a monthly ritual.
Fuel Shock Isn’t the Crisis. Dependence Is
In Karachi, Mohammad Kashif stood at a petrol station and filling his tank at the new price of 458 rupees a liter did not need an economist to explain what was happening to his life. He simply knew that the money he once stretched across rent, food and school fees had suddenly vanished into the petrol pump. Across Pakistan, millions are making the same grim arithmetic.
‘How will we feed our children?’: Pakistan’s record fuel price hike sends shock waves to streets
ISLAMABAD: Prime Minister Shehbaz Sharif’s top political adviser on Friday blamed an unprecedented surge in global oil prices — triggered by the escalating US-Israeli conflict with Iran — for the sharpest one-day increase in Pakistan’s petroleum prices in recent memory, insisting the government had exhausted every option to shield consumers before passing on the burden.