ISLAMABAD: Pakistan has condemned a drone attack on a power distribution station that supplies electricity to the Prophet’s Mosque in Medina, calling it a “grave provocation” and reaffirming its support for Saudi Arabia as fighting in Yemen intensifies.
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IMF credits Pakistan on oil shock, presses for gas subsidy overhaul
ISLAMABAD: The International Monetary Fund has credited Pakistan with keeping fuel flowing without straining the budget through six months of conflict between the US and Iran, but the two sides remain at odds over how to deal with a Rs3.6 trillion gas-sector debt, according to local media reports.
Pakistan pledges to follow “applicable” Iran sanctions, but won’t say which ones
ISLAMABAD: Pakistan has signalled a more cautious approach to the latest US sanctions on Iran, pledging to follow “all applicable sanctions regimes” but declining to say which restrictions it considers to apply.
PTA says it lacks power to bar under-16s from social media
ISLAMABAD: Pakistan’s telecoms regulator has told the Islamabad High Court that it has no legal authority to impose mandatory age verification or to stop children under 16 from using social media.
Daily fuel reset lifts petrol to Rs390.66, trims diesel
ISLAMABAD: The government raised the price of petrol by Rs3.26 a litre and cut high-speed diesel by Rs1.01 for Friday, the latest move under a daily pricing system that has swung pump rates by more than Rs100 a litre since the U.S.-Iran war began on Feb. 28.
Sindh extends judicial inquiry into death of Mir Raza Ali until 15 October
KARACHI: The Sindh government has extended the term of a judicial commission investigating the death of Mir Raza Ali, a 25-year-old Karachi entrepreneur whose killing police initially treated as a possible suicide.
Pakistan presents man India said it killed in Kashmir encounter
ISLAMABAD: Pakistan’s military has produced a retired soldier whom Indian authorities and media said had been killed as a Lashkar-e-Taiba militant in Kashmir, presenting him alive at a press conference and accusing India of staging the episode.
Govt and Imran Khan’s party agree to talks days before Islamabad march
ISLAMABAD: The Pakistan Muslim League-Nawaz-led coalition government and the opposition Pakistan Tehreek-e-Insaf (PTI) are due to hold talks on Friday, three days before the party of the jailed former prime minister Imran Khan plans to march on Islamabad.
PM Sharif tells subsidised industries to deliver on exports
ISLAMABAD: Prime Minister Shehbaz Sharif said Pakistan has restored macroeconomic stability and must now generate growth through exports, singling out industries that he said have drawn state support for decades without delivering.
September inflation eases to 10.3 percent, though fuel and power costs jump
Pakistan’s inflation slowed to 10.3% in September from 11.1% in August, but a sharp rise in electricity and fuel charges kept price pressures elevated, leaving the central bank weighing whether to tighten policy rate again.