ISLAMABAD: Pakistan’s headline inflation accelerated to the fastest pace in four months in February, climbing to 7 percent year-on-year as higher electricity charges and fresh-produce prices offset declines in chicken and eggs, data from the Pakistan Bureau of Statistics showed on Monday.
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Pakistan forms daily oil oversight committee after Hormuz disruption spurs price spike
By Staff Reporter ISLAMABAD: Pakistan will continue passing the impact of higher global oil prices directly to consumers under its existing fortnightly adjustment mechanism, the
Pakistan IMF talks shift to virtual mode after mission relocates to Istanbul amid Middle East crisis
ISLAMABAD: The International Monetary Fund’s staff mission in Pakistan switched its talks with authorities to virtual format on Monday after relocating to Istanbul on security advice from Washington headquarters, following U.S. and Israeli strikes on Iran.
Pakistan offers to mediate as it calls for de-escalation after assassination of Iran’s supreme leader
ISLAMABAD: Pakistan is engaged in intensive diplomatic efforts to calm the crisis in the Middle East after US and Israeli strikes on Iran killed supreme leader Ayatollah Ali Khamenei, the country’s foreign minister and deputy prime minister, Ishaq Dar, said on Monday.
Zardari warns India and Afghanistan of ‘humiliating defeat’ in address disrupted by opposition protests
ISLAMABAD: President Asif Ali Zardari has issued a pointed warning to India and Afghanistan that any further aggression would meet with decisive force, telling potential adversaries to “prepare for another humiliating defeat” while insisting that Pakistan had so far revealed “only a fraction of our capabilities”.
UPDATED – KSE-100 suffers biggest one-day drop ever after PSX halt on Iran strikes
KARACHI: Pakistan’s benchmark stock index suffered its biggest one-day drop on record on Monday after a sharp early plunge triggered a market-wide trading halt, as escalating military conflict in the Middle East sent oil prices soaring and sparked panic selling.
Pakistan stocks crash 9 percent in five minutes as Iran conflict triggers PSX halt
KARACHI: Pakistan stocks opened to chaos on Monday, with the KSE-100 Index plunging almost 9 percent in the first five minutes of trade before the Pakistan Stock Exchange pulled the plug on all equity trading as Middle East conflict sent oil prices rocketing and triggered outright panic.
At least 19 dead in Pakistan as protests over Khamenei assassination turn violent
KARACHI: At least 19 people were killed and more than 100 injured across Pakistan on Sunday as protests over the assassination of Iran’s supreme leader, Ayatollah Ali Khamenei, turned violent in several cities.
Satellite hijack briefly disrupts Pakistan’s Geo News with subversive messages
ISLAMABAD: One of Pakistan’s most prominent television news networks suffered a security breach on Sunday night when unidentified actors hijacked its live satellite transmission and briefly replaced regular programming with subversive content.
Pakistan condemns assassination of Iran’s supreme leader as breach of international law
ISLAMABAD: Pakistan has condemned the assassination of Iran’s supreme leader as a flagrant violation of international norms that have long shielded heads of state from targeted killing, as the country finds itself caught between grief at home, missile exchanges across the Middle East and active combat on its Afghan frontier.