ISLAMABAD: The petroleum minister on Saturday defended the government’s decision to raise petrol and diesel prices by nearly Rs15 a liter, saying the increase was required to honor commitments made to the International Monetary Fund even though global oil markets had shown no major swings.
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Pakistan marks first anniversary of ‘Marka-e-Haq,’ hailing military standoff with India as a defining victory
ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday said that Pakistan “can neither be intimidated nor subdued by any aggressor,” as the government observed the first anniversary of the military confrontation with India that the country has christened Marka-i-Haq, or Battle of Truth.
Pakistan and Bangladesh sign agreement to combat drug trafficking as bilateral ties continue to warm
ISLAMABAD: Pakistan’s Interior Minister Mohsin Naqvi and his Bangladeshi counterpart, Salahuddin Ahmed, signed a memorandum of understanding on Saturday aimed at deepening cooperation against drug trafficking and narcotics abuse, officials said.
Pakistan returns to LNG spot market with Qatar supplies still stalled
ISLAMABAD: Pakistan LNG Ltd. invited international suppliers Saturday to bid for two spot cargoes of liquefied natural gas, the second tender in a week, as deliveries from its primary supplier Qatar stayed blocked by continued restrictions in the Strait of Hormuz.
Trump’s Iran ceasefire push stalls as fresh naval clashes in Persian Gulf deepen distrust
ISLAMABAD: Iran cast doubt on Saturday on the sincerity of American diplomacy following renewed naval clashes in the Persian Gulf, leaving the Trump administration without a clear response to its latest proposal for extending a month-old ceasefire and opening talks on a permanent settlement.
US expects Iranian reply to war-ending proposal as naval clashes in Hormuz raise doubts about ceasefire
ISLAMABAD: US Secretary of State Marco Rubio said on Friday that the United States is awaiting an Iranian response later in the day to a US proposal aimed at ending the conflict in the Persian Gulf, even as fresh military exchanges between the two sides have cast doubt on the durability of a fragile cease-fire.
Australia imposes sanctions on BLA and three senior leaders, citing role in Pakistan attacks
ISLAMABAD: Australia on Friday imposed counterterrorism financing sanctions on the Balochistan Liberation Army and three of its senior leaders, freezing their assets and prohibiting any financial dealings with the group in a move aimed at disrupting its operations in Pakistan.
IMF board approves $1.2 billion tranche for Pakistan after clearing key reform review
ISLAMABAD: The International Monetary Fund’s Executive Board approved the latest review of Pakistan’s economic program on Friday, clearing the way for the disbursement of about $1.2 billion in fresh financing.
Pakistan rejects reports of targeted deportations of its citizens from UAE, calling claims ‘vicious propaganda’
ISLAMABAD: The Interior Ministry on Friday denied reports that the United Arab Emirates had begun a large-scale or targeted expulsion of Pakistani nationals, describing the allegations as “mala fide” and part of a “vicious propaganda” campaign by vested interests.
Pakistan enlists Singapore in push to repatriate 31 seafarers from US-seized vessels near its waters
ISLAMABAD: The deputy prime minister and foreign minister, Ishaq Dar, said on Friday that he has asked Singapore to assist in the welfare and repatriation of 11 Pakistani and 20 Iranian seafarers aboard vessels seized by the United States that are now positioned near Singaporean waters.