The government has signed loan agreements worth about Rs1.225 trillion with 18 local banks to clear outstanding dues to independent power producers trapped in the nation’s chronic circular debt, officials said.
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Trump expected to host PM Sharif at White House
ISLAMABAD: President Donald Trump is expected to host Prime Minister Shehbaz Sharif at the White House today, according to administration officials, a meeting that comes weeks after the two countries sealed a trade deal and amid a broader thaw in US-Pakistan relations.
ECC approves commercial imports of used cars with duties, age limits
ISLAMABAD: The Economic Coordination Committee of the cabinet on Wednesday approved changes to import rules allowing the commercial shipment of used vehicles, imposing a 40% regulatory duty and initially restricting them to models no older than five years.
Pakistan calls on Muslim nations to step up aid for Afghanistan, confront Taliban on terrorism
ISLAMABAD: Pakistan pressed Muslim-majority nations on Wednesday to mobilise humanitarian aid for Afghanistan and demand that its Taliban-led government take concrete steps to curb terrorism emanating from its territory.
Gilgit-Baltistan traders end border protest after government grants tax exemptions
ISLAMABAD: Traders in the northern Gilgit-Baltistan region suspended a two-month protest near the Chinese border on Wednesday after the government agreed to significant tax exemptions for the region’s residents, ending a standoff that had crippled trade through the vital Khunjerab Pass.
Security forces kill 13 militants in Khyber Pakhtunkhwa anti-terror raid
PESHAWAR: The security forces killed 13 terrorists on Wednesday in a precision intelligence-based operation (IBO) in the Daraban area of Khyber Pakhtunkhwa’s Dera Ismail Khan district, the military said, accusing the group of acting as Indian proxies in a campaign to destabilise the region.
CII clarifies no final decision on withholding tax, deems it ‘un-Islamic’ in initial ruling
ISLAMABAD : The Council of Islamic Ideology (CII), Pakistan’s top advisory body on Islamic law, stirred debate on Wednesday after initially declaring the withholding tax on money transfers and withdrawals “un-Islamic” during its 243rd meeting, only to later clarify that no final decision had been reached.
PIA gets TCO approval to restart UK operations in October
ISLAMABAD: Pakistan International Airlines (PIA) will resume flights to the United Kingdom next month after receiving Third Country Operator (TCO) approval, the national carrier announced on Wednesday, marking a significant step in restoring its UK operations following a five-year ban.
Supreme Court to hear challenges to 26th Amendment on Oct 7
ISLAMABAD: The Supreme Court of Pakistan will reconvene on October 7 to hear challenges to the 26th Constitution Amendment, a divisive measure that has fueled debate over judicial independence and legislative propriety.
Pakistan seeks IMF nod to restore wheat price support after crop yields falter
ISLAMABAD: Pakistan is turning to the International Monetary Fund to reinstate the annual announcement of a minimum support price for wheat, a move aimed at stabilising agricultural production after the policy’s abolishment triggered a decline in output and a surge in prices, food minister said.