ISLAMABAD: Developers have demolished the remains of a 16th-century Mughal-era building in Pakistan’s capital, just days after razing a nearby World War I memorial, as part of a push to build a private housing society, despite repeated appeals from heritage officials to protect the sites.
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UAE rolls over $2 bln deposit with Pakistan central bank, FO spokesman says
ISLAMABAD: Pakistan said on Thursday the United Arab Emirates had rolled over $2 billion in deposits with its central bank, providing a boost to foreign reserves as the cash-strapped South Asian nation navigates an International Monetary Fund bailout programme.
Pakistan eyes power sector debt revamp to cut tariffs amid solar surge
ISLAMABAD: The government is exploring a major restructuring of its power sector debt, including talks with multilateral lenders to refinance $30 billion owed to China, as it seeks to slash electricity tariffs and boost grid usage hit by a boom in rooftop solar panels, the power minister said on Thursday.
PTI claims Khan lost most sight in one eye, demands independent doctors; govt says care adequate
ISLAMABAD: The opposition Pakistan Tehreek-e-Insaf party voiced grave concerns over former Prime Minister Imran Khan’s deteriorating health in prison, citing a medical report submitted to the Supreme Court that revealed significant vision loss in his right eye, while the government dismissed allegations of mistreatment and insisted he was receiving adequate facilities.
PM Sharif to attend Trump’s ‘Board of Peace’ meeting in Washington next week
ISLAMABAD: Pakistan confirmed on Thursday that Prime Minister Shehbaz Sharif will attend the inaugural meeting of US President Donald Trump’s “Board of Peace” in Washington next week, as Islamabad pushes for a lasting resolution to the Palestinian conflict amid broader diplomatic efforts in the region.
Pakistan’s government debt climbs to Rs78.5 trln despite fiscal surplus
KARACHI: Pakistan’s total government debt rose to Rs78.5 trillion by the end of December, up 0.82% from mid-year levels, as the cash-strapped South Asian nation continued to rely heavily on domestic borrowing amid tight external financing, central bank data showed on Wednesday.
Ex-army chief Bajwa in ICU after fall at home – family
ISLAMABAD: Former army chief Qamar Javed Bajwa was admitted to an intensive care unit after suffering a head injury in a fall at his home, family sources said on Wednesday, adding that he was stable and out of danger.
Supreme Court orders medical check for Imran Khan’s eye, allows calls to children
ISLAMABAD: The Supreme Court of Pakistan on Thursday ordered the formation of a medical team to examine former Prime Minister Imran Khan’s eye condition and directed that he be allowed to speak by phone with his children, both steps to be completed before Feb. 16.
Nepra imposes fixed power charges on low-usage households, cuts industrial rates
ISLAMABAD: The power regulator on Wednesday introduced fixed monthly charges for domestic electricity consumers using up to 300 units a month for the first time, expanding a fee structure previously limited to higher-consumption households, while slashing rates for industrial users in a bid to ease burdens on key sectors.
PM Sharif directs appeal against power regulator’s solar net-metering changes
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed the Power Division to file a review appeal against recent changes by the National Electric Power Regulatory Authority (Nepra) that shift solar consumers from net-metering to net-billing, amid widespread criticism from lawmakers.