ISLAMABAD: Prime Minister Shehbaz Sharif has launched the country’s first National Youth Employment Policy, unveiling a raft of measures intended to tackle chronic joblessness among young people while conceding that Pakistan remains “still far” from the social welfare state its founders envisaged.
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Pakistan cuts petrol price, raises diesel as Middle East volatility persists
ISLAMABAD: Pakistan lowered the retail price of petrol for a fourth consecutive day while raising the cost of diesel, as the government’s shift to daily fuel pricing continues to expose consumers to the swings of a global oil market unsettled by conflict in the Middle East.
No progress, says Iran, as Pakistan pushes to rescue collapsed US peace deal
ISLAMABAD: Pakistan is intensifying efforts to bring the United States and Iran back to the negotiating table, warning that unnamed actors are working to derail a peace process that has already delivered a ceasefire and a framework agreement, only for both to collapse in the past month.
Eighteen militants killed in Balochistan after bomb-making blast triggers day-long clashes
QUETTA: At least 18 militants were killed in the restive Balochistan province on Wednesday after a car bomb they were assembling exploded prematurely, triggering a second blast and a manhunt in which security forces shot dead ten more terrorists as they tried to flee.
Pakistan pledges ‘full earnest’ maritime coalition support after Houthi attack kills three sailors
ISLAMABAD: Pakistan will implement its commitments to a newly formed multinational maritime coalition “in full earnest”, the Foreign Office said on Wednesday, hours after confirming that three Pakistani sailors had been killed in a Houthi missile strike on a commercial vessel in the Red Sea.
Pakistan car sales nearly double from year ago in July
KARACHI: Pakistan’s automobile industry opened its new fiscal year with the strongest July on record, as sales nearly doubled from a year earlier on the back of new market entrants, fresh product launches and easier access to auto financing.
Qatari LNG cargo reaches Pakistan after Iran grants safe Hormuz passage
KARACHI: A liquefied natural gas tanker chartered by QatarEnergy docked in Pakistan on Monday, capping a three-week ordeal that saw the vessel idle in the Persian Gulf, get turned back once from the Strait of Hormuz, and ultimately require direct intervention from Islamabad to reach port.
Pakistan’s government debt climbs to record 83.6 trillion rupees
KARACHI: Pakistan’s central government debt rose to a record 83.642 trillion rupees at the end of June, as the government leaned more heavily on domestic borrowing to plug its budget gap, according to data released Tuesday by the State Bank of Pakistan.
Pakistan advances airport privatization, adds two power utilities to sale pipeline
ISLAMABAD: Pakistan moved forward Tuesday with plans to outsource its two busiest airports and expand its power-sector privatization program, as the country presses ahead with an overhaul of state assets amid efforts to shore up public finances.
New forensic tests add evidence but little clarity on gunshot wounds in Mir Raza Ali murder case
KARACHI: Investigators examining the murder of the young Karachi entrepreneur Mir Raza Ali have received a chemical examiner’s report and the results of a DNA test, but say the findings are not yet conclusive enough to point the investigation in a clear direction, sources close to the case said.