By Staff Reporter
ISLAMABAD: The government will seek fresh expressions of interest for the sale of Pakistan International Airlines (PIA) later this month, a move spurred by the national carrier’s first annual profit in over two decades, signaling a potential turning point in the country’s long-stalled privatization efforts.
By Staff Reporter
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) greenlit a government proposal on Thursday to slash electricity tariffs by Rs1.71 per unit for three months, from April to June 2024, tapping funds from the Petroleum Development Levy (PDL) to ease consumer costs and spur demand.
By Staff Reporter
LAHORE: Ruling Pakistan Muslim League-Nawaz supremo Nawaz Sharif met with National Party (NP) chief Dr. Abdul Malik Baloch on Wednesday, pledging to play an “active role” in addressing escalating tensions in Balochistan, a province roiled by protests over recent arrests and allegations of state violence.
By Staff Reporter
ISLAMABAD: Pakistan is deploying a high-level delegation to Washington to negotiate relief from punishing US tariffs that have pushed duties on its exports to 39 percent, threatening a bilateral trade relationship worth $6 billion annually, Prime Minister Shehbaz Sharif’s office said on Wednesday.
By Staff Reporter
ISLAMABAD: Pakistan’s economy is showing tentative signs of stabilisation and recovery as reforms under an International Monetary Fund program begin to curb inflation and revive growth, though structural challenges and global trade risks persist, the Asian Development Bank (ADB) said on Wednesday.
By Staff Reporter
ISLAMABAD: Pakistan International Airlines (PIA) on Tuesday reported its first annual net profit in 21 years, a milestone that could boost government efforts to privatise the debt-stricken carrier after years of losses and operational crises.
By Staff Reporter
RAWALPINDI: Police briefly detained former Prime Minister Imran Khan’s sisters and arrested dozens of his party supporters on Tuesday during a clash outside Rawalpindi’s Adiala Jail, where authorities barred the incarcerated leader’s family from meeting him for the third consecutive week, officials and party leaders said.
By Staff Reporter
ISLAMABAD: The United States has discontinued its Global Undergraduate Exchange (Global UGRAD) Pakistan Programme after 15 years, the United States Educational Foundation in Pakistan (USEFP) announced on Tuesday, ending a US-funded initiative that allowed Pakistani students to study at American universities.
By Staff Reporter
KARACHI: The United Arab Emirates will offer five-year visas to Pakistani nationals, its envoy to Islamabad said on Tuesday, ending months of heightened entry restrictions imposed over concerns about crime and social media misconduct.
By Staff Reporter
ISLAMABAD: Barrick Gold Corp. is in advanced talks to secure over $2 billion from international lenders for its Reko Diq copper-gold mine in Pakistan, a pivotal project poised to transform the South Asian nation into a top-tier mining hub.
