KARACHI: The International Monetary Fund raised its forecast for Pakistan’s inflation in the fiscal year through June 2027 to 9.9%, from 8.4% in April, while leaving its growth projection near 3.5%.
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Dar-led committee to run Khyber Pakhtunkhwa after emergency – report
Prime Minister Shehbaz Sharif has created a committee led by his deputy to oversee Khyber Pakhtunkhwa, a day after Islamabad took over the opposition-run province under emergency powers and placed its chief minister in custody.
Four cousins killed by landmine while repairing water pipeline near LoC
By Staff Reporter MUZAFFARABAD: Four young cousins repairing a drinking-water pipeline near their village in Azad Kashmir were killed by a landmine on Monday, their
Diesel overtakes petrol again after latest daily fuel price reset
By Staff Reporter ISLAMABAD: Pakistan cut the price of petrol by 2.93 rupees a liter and raised diesel by 61 paisas for Tuesday, the latest
Pakistan seeks Libyan crude, strategic reserves to cut Hormuz reliance
ISLAMABAD: Pakistan has encouraged its refineries to explore buying Libyan crude and is pressing ahead with strategic petroleum reserves and bonded storage, seeking to loosen its dependence on Middle East supplies that pass through the Strait of Hormuz, Petroleum Minister Ali Pervaiz Malik said on Monday.
Pakistan tells IMF fuel relief will stay within fiscal limits
ISLAMABAD: Finance Minister Muhammad Aurangzeb discussed the impact of Middle East tensions on energy prices and inflation with the International Monetary Fund’s second-ranking official, including how to deliver targeted relief to vulnerable households “within fiscal constraints,” the Finance Division said.
Two Pakistan Army pilots killed in training plane crash near Quetta
ISLAMABAD: Two Pakistani army pilots have been killed after their training aircraft crashed near the southwestern city of Quetta, the military said.
Emergency rule in Khyber Pakhtunkhwa will last until security improves, minister says
ISLAMABAD: Pakistan’s opposition and its lawyers are taking the federal takeover of Khyber Pakhtunkhwa to the courts, challenging whether Islamabad had constitutional grounds to remove an elected provincial government and hold its chief minister in preventive custody.
Pakistan holds KP chief minister and hundreds of PTI members after emergency takeover
ISLAMABAD: Police have detained 278 members of Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party in Khyber Pakhtunkhwa since the federal government imposed emergency rule on Sunday, AFP reported on Monday.
Pakistan lines up six privatisations to raise over $1 billion
KARACHI: Pakistan expects its economy to grow more than 4% this fiscal year and aims to privatise five or six state-run entities that could raise over $1 billion, Finance Minister Muhammad Aurangzeb said.