ISLAMABAD: Pakistan’s two main gas utilities have petitioned regulators for prescribed price increases of as much as 28.7% to cover revenue shortfalls exceeding Rs77 billion for the fiscal year through June 2026, testing the government’s pledge to the International Monetary Fund to curb a circular debt pileup that’s already surpassed Rs3 trillion.
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Pakistan bars 290 from banned Islamist group from leaving country
ISLAMABAD: The Interior Ministry has added 290 leaders, financiers and activists from the banned Tehreek-i-Labbaik Pakistan to the Provisional National Identification List, barring them from foreign travel, officials said Tuesday.
Khyber Pakhtunkhwa CM denied jail access to Imran Khan for third time
RAWALPINDI: Khyber Pakhtunkhwa’s political impasse deepened on Tuesday when Chief Minister Sohail Afridi was again denied access to Adiala Jail to consult the imprisoned founder of his Pakistan Tehreek-e-Insaf party, Imran Khan, despite court orders permitting the meeting.
World Bank cuts Pakistan growth forecast on flood fallout
ISLAMABAD: Pakistan’s economic recovery faces fresh headwinds from devastating floods, with the World Bank slashing its growth projection for fiscal 2026 and warning of persistent inflation pressures amid strained public finances.
Pakistan to join regional diplomats in Turkey to advance Gaza peace plan
ISLAMABAD: As a fragile ceasefire holds in Gaza after two years of devastating war, Pakistan said on Tuesday that it would send its top diplomat to Turkey next week for a pivotal meeting of foreign ministers from eight Arab and Muslim-majority nations, aimed at fleshing out the next phases of a United States-backed peace plan.
Pakistan-Afghanistan talks collapse in Istanbul, Islamabad vows ‘all possible measures’ against cross-border terror
ISLAMABAD: Negotiations between Pakistan and the Afghan Taliban aimed at curbing cross-border terrorism unravelled in Istanbul after four days of fitful discussions, with Pakistani officials declaring the latest round a failure and pledging to take “all possible measures” to shield their citizens from terror attacks.
Peace talks in Istanbul breakdown as Pakistan blames Kabul, India for sabotage
ISLAMABAD: A fragile bid for peace between Pakistan and Afghanistan teetered on the brink of collapse on Tuesday, with defence minister accusing Afghan negotiators of sabotaging talks under orders from Kabul, and, ultimately, from India.
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Pakistan seen as viable investment destination by 73 percent of foreign firms, survey finds
KARACHI: Nearly three-fourths of leading foreign investors in Pakistan view the country as a viable destination for future investment, a new survey showed on Tuesday, marking a cautious uptick in sentiment amid improved macroeconomic stability and a stronger currency.
Trump recounts seven “brand new, beautiful planes” shot down in India-Pakistan conflict
ISLAMABAD: United States President Donald Trump on Tuesday again stated that seven aircraft were shot down during the brief military escalation between Pakistan and India in May, crediting his threat to withhold trade deals for swiftly ending the hostilities and averting what he described as a potential nuclear war.
Pakistan rejects report of secret CIA, Mossad meetings over Gaza troop plan
ISLAMABAD: The information ministry on Tuesday denied a report claiming that Pakistan’s top military leader had held clandestine meetings with the CIA and Israel’s Mossad to deploy thousands of troops to Gaza, calling the account “completely fabricated” and a “deliberate fabrication aimed at misrepresenting Pakistan’s foreign policy.”