By Staff Reporter
ISLAMABAD: Security forces killed four militants, including a commander, in two separate raids in the northwestern Khyber Pakhtunkhwa province, the military said on Wednesday.
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PM Sharif forms Dar-led panel to revive PIA
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday appointed a committee led by Finance Minister Ishaq Dar to propose reforms for the loss-making national airline, Pakistan International Airlines (PIA).
Minister of State for Petroleum, Dr. Musadik Malik addressing a press conference at Lahore on June 28, 2023.
Pakistan’s new oil storage policy to curb hoarding, ease forex pressure
By Staff Reporter
ISLAMABAD: Pakistan will let foreign oil suppliers store crude and refined products in bonded facilities at its ports, a move that may ease the nation’s foreign exchange burden and prevent fuel shortages, the state minister for petroleum said on Wednesday.
Supreme Court judge seeks full court hearing on military trials of civilians
By Staff Reporter
ISLAMABAD: A top judge in Pakistan’s Supreme Court has called for a full court to hear petitions challenging the trials of civilians in military courts, saying the current six-judge bench could erode public trust in the justice system.
Pakistan seeks new short-term IMF loan to complete current bailout deal
By Staff Reporter
ISLAMABAD: Pakistan is in talks with the International Monetary Fund (IMF) for a new six-to-nine-month loan of about $2.5 billion, as it seeks to complete a bailout program that expires at the end of this month.
IMF talks with Pakistan to ‘quickly reach agreement’ on stalled bailout
By Staff Reporter
ISLAMABAD: Pakistan is awaiting a decision on a stalled bailout programme from the International Monetary Fund (IMF), which said on Tuesday it was holding talks authorities with the aim of “quickly reaching an agreement”.
Pakistan gets second batch of Russian crude oil
By Staff Reporter
KARACHI: Pakistan received its second shipment of Russian crude oil on Tuesday, as part of a deal to import 100,000 tonnes of discounted oil from Moscow to ease its energy crisis.
Pakistan summons US diplomat over joint statement with India
By Staff Reporter
ISLAMABAD: Pakistan summoned a senior U.S. diplomat on Monday to protest against a joint statement by the United States and India that urged Islamabad to take action against militants operating from its soil.
Army sacks three officers for failing to stop pro-Khan violence
By Staff Reporter
ISLAMABAD: Pakistan’s army fired three senior officers and disciplined 15 others for failing to prevent violent attacks on military assets by supporters of former Prime Minister Imran Khan last month.
UPDATE-Stocks soar to highest level in 14 months on IMF hopes
By Staff Reporter KARACHI: Pakistan’s benchmark stock index soared to its highest level in more than 14 months on Monday as investors bet that the