By Staff Reporter
ISLAMABAD: The government has trimmed petrol prices by Re1 per litre ahead of Eidul Fitr to avert fuel shortages during the holiday rush.
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Pakistan digital payments jump 11pc on mobile banking surge
By Staff Reporter
KARACHI: Pakistan’s digital payment landscape continued to strengthen in the second quarter, with retail transactions increasing 11 percent in volume to Rs2.143 billion and 12 percent in value to Rs154 trillion.
Nepra to weigh government’s Rs1.71/unit tariff cut proposal
By Staff Reporter
ISLAMABAD: The government has petitioned the National Electric Power Regulatory Authority (Nepra) to slash electricity prices by Rs1.71 per unit, a modest cut to support consumers and struggling industry.
IMF-backed token Re1 power tariff cut hits legal roadblock
By Staff Reporter
ISLAMABAD: Pakistan has secured International Monetary Fund (IMF) approval for a modest Re1 per unit cut in electricity prices, but the meager relief hinges on a contentious levy on industrial gas users—a condition now mired in legal disputes.
SBP reserves fall 4.8pc to six-month low in one week on debt repayments
By Staff Reporter
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $540 million or 4.84 percent in a single week, reaching a six-month low of $10.61 billion as of March 21, data released on Thursday showed, driven primarily by external debt repayments.
Pakistan dismisses US sanctions bill as “isolated initiative”
By Staff Reporter
ISLAMABAD – Pakistan on Thursday rejected a U. congressional bill targeting the army chief, General Asim Munir, with sanctions, calling it one lawmaker’s move that jars with the warming ties between the two nations.
Bus attack kills five, wounds one in restive Balochistan province
By Staff Reporter
ISLAMABAD: Gunmen killed at least five passengers and wounded one from eastern Punjab province after stopping buses on a highway in the restive southwestern province of Balochistan, government officials said on Thursday.
Govt pauses solar net metering overhaul after backlash
By Staff Reporter
ISLAMABAD: The federal cabinet on Wednesday mandated a thorough review of controversial changes to the country’s solar net metering policy, responding to widespread criticism from consumers, traders, and even senior government figures.
Economy grows 1.73 percent in second quarter
By Staff Reporter
ISLAMABAD: Pakistan’s economy expanded 1.73 percent in the second quarter of the fiscal year 2024-25, driven by solid growth in agriculture and services, despite a slight contraction in the industrial sector, the National Accounts Committee (NAC) said on Wednesday.
US lawmakers target Pakistan’s military chief over Imran Khan detention
By Staff Reporter
ISLAMABAD: A bipartisan group of US lawmakers proposed legislation aimed at imposing sanctions on Pakistan’s military leaders, including Army Chief General Asim Munir, over alleged human rights abuses and the detention of former Prime Minister Imran Khan.