ISLAMABAD: Pakistan is wrestling with a costly oversupply of liquefied natural gas (LNG) from a second long-term deal with Qatar, originally intended to shore up energy security but now forcing the government to weigh revising the agreement.
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Pakistan kills 30 terrorists in border clash with Afghan infiltrators
ISLAMABAD: Security forces killed 30 terrorists attempting to cross into the country from Afghanistan, the military said Friday, in a deadly clash in the volatile North Waziristan district of Khyber Pakhtunkhwa province.
Pakistan appoints financial advisers for ZTBL privatisation
ISLAMABAD: The government has tapped a consortium led by Next Capital Limited as financial advisers to oversee the sale of Zarai Taraqiati Bank Limited (ZTBL), a state-owned agricultural lender, according to an official statement.
Czech mountaineer Kolouchova dies on treacherous Nanga Parbat
ISLAMABAD: A Czech climber has died after falling between Camp 1 and Camp 2 during an expedition on Nanga Parbat, one of the world’s most treacherous peaks, officials in Pakistan’s Diamer district confirmed said on Thursday.
Pakistan readies court battle over India’s move to suspend Indus Waters Treaty
ISLAMABAD: Pakistan is gearing up to haul India before an international court over New Delhi’s suspension of a vital water-sharing treaty, intensifying a bitter rivalry between the nuclear-armed neighbours.
LHC denies bail to Imran Khan, upholds conspiracy charges in May 9 riots
LAHORE: The Lahore High Court (LHC) on Thursday upheld conspiracy and abetment charges against Imran Khan, the jailed former prime minister, rejecting his bid for bail in connection with the violent riots that gripped the country on May 9, 2023.
Monsoon rains and westerly waves threaten Pakistan with floods and landslides from July 6
ISLAMABAD: A relentless monsoon and a powerful westerly wave are bearing down on Pakistan, threatening torrential rains, flash floods, and landslides from July 6 to 10.
PHC lifts stay, paving way for opposition surge in KP assembly
ISLAMABAD: A high court on Thursday lifted a stay order that had blocked the swearing-in of lawmakers on reserved seats in the Khyber Pakhtunkhwa Assembly, significantly bolstering the opposition’s presence in the provincial legislature.
Pakistan’s foreign reserves exceed IMF target after China loan rollover
KARACHI: Pakistan’s foreign exchange reserves surged to $14.51 billion by the end of June, surpassing a target set by the International Monetary Fund, after China rolled over $3.4 billion in loans and the country secured additional financing from other sources, the central bank said.
Trade deficit widens to $26.3 billion in FY25 despite export growth
ISLAMABAD: Pakistan’s trade deficit swelled by 9 percent to $26.3 billion in the fiscal year 2024-25, as imports outpaced a modest rise in exports, data from the Pakistan Bureau of Statistics (PBS) showed on Wednesday.