ISLAMABAD: Pakistan and India exchanged lists of prisoners held in each other’s custody on Tuesday, a diplomatic ritual that persists between the nuclear-armed neighbors despite a recent military flare-up and deep-seated mistrust.
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Pakistan eyes offshore storage for surplus LNG as glut threatens $378 million in losses
ISLAMABAD: Pakistan is exploring offshore storage options for excess liquefied natural gas (LNG) cargoes as a gas supply glut threatens domestic producers with $378 million in annual losses, Reuters reported on Tuesday.
Two terrorists killed in Balochistan after attack on govt offices; teenager dead, seven injured
ISLAMABAD: Security forces gunned down two terrorists accused of being backed by India after they stormed government offices in Balochistan’s Mastung district on Tuesday, an attack that left a 16-year-old boy dead and seven others injured.
Pakistan inflation eases to 3.2 percent in June, matches forecasts
ISLAMABAD: Inflation in Pakistan slowed to 3.2% in June from a year earlier, down from 3.5% in May and a sharp retreat from the 12.6% recorded in June 2024, data from the Pakistan Bureau of Statistics showed Tuesday.
JCP appoints chief justices to four high courts amid dispute over judge transfers
ISLAMABAD: The Judicial Commission of Pakistan (JCP) on Tuesday appointed new chief justices to four high courts, a move overshadowed by ongoing legal challenges over judicial transfers to the Islamabad High Court.
Pakistan reverses tariff reforms, raising doubts over trade agenda
ISLAMABAD: The government has backtracked on its tariff reform agenda, retaining regulatory duties on more than 300 import items, a decision that undermines its five-year Tariff Policy Reform plan and casts doubt on its commitment to streamlining trade rules, Dawn newspaper reported on Tuesday.
Govt raises petrol by Rs8.36, diesel by Rs10.39 as oil markets volatile
KARACHI: Pakistan raised petrol and diesel prices for the second time in a month on Monday, driven by volatile global oil markets and Middle East tensions, even as international benchmarks softened.
Pakistan violence falls 32 percent, but new hotspots emerge
ISLAMABAD: Pakistan saw a notable 32 percent drop in violence during the second quarter of 2025, with 615 fatalities and 388 injuries recorded across 273 incidents of terror attacks and counter-terror operations, according to a report released Tuesday by the Centre for Research and Security Studies (CRSS).
FBR misses tax collection target, faces uphill battle for next year
ISLAMABAD: The Federal Board of Revenue (FBR) fell short of its fiscal year 2024-25 tax target, collecting Rs11.735 trillion against an original goal of Rs12.97 trillion, according to provisional figures.
Govt axes provincial electricity duty to cut bills, ease consumer burden
ISLAMABAD: Pakistan will eliminate a provincial tax on electricity bills starting July 1, 2025, aiming to simplify charges and lighten the load for consumers battered by soaring power costs.