ISLAMABAD: The government on Monday increased high-speed diesel prices by Rs2.78 a liter to Rs272.77 for the next fortnight, a move likely to stoke inflationary pressures across transport and food costs.
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Gunmen abduct three polio workers in KP as virus cases climb to 26
PESHAWAR: Armed assailants kidnapped three anti-polio vaccinators in a restive district of northwestern Pakistan on Monday, the latest violent blow to the country’s beleaguered efforts to eradicate the paralyzing disease, even as officials reported two new cases that pushed the national total for the year to 26.
Zardari looks to revive ties with Shanghai Electric after abandoned K-Electric takeover
ISLAMABAD: President Asif Ali Zardari sought to revive ties with Shanghai Electric Power Co. after the Chinese company scrapped its long-stalled $1.77 billion bid for a controlling stake in K-Electric Ltd., assuring executives that any lingering issues would be addressed as he invited fresh investment in the nation’s power grid.
SBP holds rates steady at 11 percent as floods threaten crop harvest, food inflation
KARACHI: The central bank kept its benchmark interest rate unchanged at 11% for a third consecutive meeting, opting for caution as floods ravage the nation’s agricultural heartland and threaten to stoke food inflation just as the economy shows signs of stabilization.
Security forces kill 31 militants in twin operations in Khyber Pakhtunkhwa
ISLAMABAD: Security forces have killed 31 militants in two separate intelligence-based operations in the restive northwest, the military said on Monday, as the country battles a surge in attacks blamed on Taliban-linked fighters backed by India.
Pakistan cricket board files ICC complaint over referee’s role in India handshake row
LAHORE: Pakistan’s cricket board has filed a formal complaint with the International Cricket Council against the match referee for Sunday’s Asia Cup clash with India, accusing him of breaching rules on the “Spirit of Cricket” by allegedly instructing the teams not to exchange handshakes.
PM Sharif proposes Arab-Islamic task force to counter Israeli aggression at emergency summit in Doha
ISLAMABAD: Prime Minister Shehbaz Sharif called on Monday for an Arab-Islamic task force to combat Israeli “aggression and expansionism,” as leaders from more than 50 nations convened under the Organization of Islamic Cooperation to craft a unified response to Israel’s airstrike on Qatar last week, an attack that killed five Hamas peace negotiators and a Qatari security officer and threatened fragile cease-fire talks in Gaza.
SBP set to hold rate at 11 percent as floods stoke inflation risks
KARACHI: The central bank is set to keep its benchmark interest rate on hold at 11 percent when its Monetary Policy Committee convenes on Monday, as fresh flooding threatens to stoke inflation in a fragile economy already strained by energy costs.
India hammer Pakistan in politically charged Asia Cup tie
DUBAI: India powered to a seven-wicket rout of Pakistan in a politically charged Asia Cup 2025 group match on Sunday, capping a one-sided affair with a controversial post-match speech from captain Suryakumar Yadav that invoked a deadly Kashmir attack and a recent border skirmish.
Pakistan defers August power dues for businesses, forgives household bills in inundated areas
ISLAMABAD: Prime Minister Shehbaz Sharif announced on Saturday that residential electricity consumers in flood-hit areas would be exempt from paying their August bills, as the government moves to ease the financial burden on households reeling from deadly flash floods that have killed nearly 1,000 people.