ISLAMABAD: Pakistan has approached the United States seeking a $10 billion exchange stabilisation facility, a request that would mark one of the largest such arrangements the US Treasury has extended to a foreign government in decades, Reuters reported on Tuesday.
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Pakistan raises diesel by 7.15 rupees, petrol by 4.93 as daily pricing takes hold
ISLAMABAD: Pakistan raised the price of high-speed diesel by 7.15 rupees and petrol by 4.93 rupees a liter, according to a Petroleum Division notification issued on Tuesday, extending a pattern of near-daily increases since the country abandoned weekly fuel pricing in favor of a system that adjusts rates every 24 hours.
Pakistan fuel retailers to shut 15,000 pumps over daily pricing rule
ISLAMABAD: Pakistan’s largest fuel retailer association said it will shut roughly 15,000 petrol pumps nationwide from Thursday, escalating a standoff with the government over a new daily pricing mechanism that dealers say threatens their survival.
Pakistan on high alert as monsoon deaths pass 50 and flash flood warning issued for four provinces
ISLAMABAD: Pakistan’s disaster management authority has issued a high alert for flash floods, urban flooding and landslides across large swathes of the country, after monsoon rains killed at least a dozen more people in the northwest over a single 24-hour period, pushing the nationwide death toll for the season past 50.
Jamaat-i-Islami to blockade highways nationwide on August 7 in escalating fuel price protest
LAHORE: Jamaat-i-Islami has announced it will blockade major highways across Pakistan on 7 August, escalating a campaign against fuel prices and inflation that its leader has warned could tip into a movement against the government itself if authorities attempt to suppress it.
Azad Kashmir elections split into three phases as security strains reshape polling
MUZAFFARABAD: Elections in Azad Kashmir have been split into three separate phases, with polling now stretching into August, after officials said troops needed to be freed up from duties elsewhere in the country to secure the vote following weeks of deadly unrest.
Pakistan urges restraint as Iran’s interior minister visits amid collapsing US ceasefire
ISLAMABAD: Prime Minister Shehbaz Sharif called on all parties to exercise restraint in the escalating conflict between Iran and the United States on Tuesday, as Pakistan sought to shore up a ceasefire agreement it brokered that has come under renewed strain from fighting in the Gulf.
Pakistan hires bank consortiums for Eurobonds, Sukuk sales
ISLAMABAD: Pakistan appointed international bank consortiums to arrange a fresh round of Eurobond, Sukuk and rupee-denominated dollar bond sales, building on the South Asian nation’s return to global capital markets earlier this year.
Pakistan weighs US firm Honeywell plan to modernise ageing refineries
Finance minister met with executives from automation firm Honeywell International Inc. in Washington to discuss a proposal to modernise the South Asian nation’s refining sector, as Islamabad looks to cut its dependence on imported fuel.
Imran Khan’s sister seeks four-week delay in cybercrime inquiry over India war remarks
ISLAMABAD: Noreen Niazi, sister of jailed former Pakistani prime minister Imran Khan, has sought a four-week extension to respond to a cybercrime agency notice over remarks she made linking a Pakistani military operation against India to Indian Prime Minister Narendra Modi, her lawyer said on Monday, adding she would not appear before the agency on Tuesday as directed.