By Staff Reporter
ISLAMABAD: The government awarded six onshore oil and gas exploration blocks to local and foreign companies on Friday, but four other blocks received no bids despite an extension of the deadline, the Petroleum Division said.
Top Stories
Exports rise for third month, trade gap narrows
By Staff Reporter
ISLAMABAD: Exports rose for a third straight month in November, signaling a recovery in external demand while the trade deficit also narrowed as imports fell more than exports, official data showed on Friday.
Gas prices push inflation to 29.2pc in November
By Staff Reporter
ISLAMABAD: The consumer price inflation rate jumped to 29.2 percent in November, as a steep hike in gas prices fuelled the housing and utility costs, official data showed on Friday.
PC picks JLL to advise on Roosevelt Hotel sale
By Staff Reporter
ISLAMABAD: Pakistan has hired a consortium led by Jones Lang LaSalle Americas Inc. (JLL) as the financial adviser for the sale and joint venture development of the Roosevelt Hotel in New York, USA, the Privatisation Commission Board said on Friday.
PTI founder challenges party’s internal elections, may seek ECP intervention
By Staff Reporter
ISLAMABAD – – A founding member of Pakistan Tehreek-e-Insaf (PTI) on Friday expressed doubts about the party’s internal elections, which are scheduled to take place on Sunday, and hinted that he might raise the issue with the Election Commission of Pakistan (ECP).
Imran Khan, wife face graft charges over land deal with tycoon Malik Riaz
By Staff Reporter
ISLAMABAD: The anti-corruption watchdog on Friday filed charges against former prime minister Imran Khan and seven others, accusing them of receiving billions of rupees and vast tracts of land from a real estate developer in exchange for legalising funds that were returned by the UK in a money laundering case.
Imran Khan’s party in disarray as wife and sisters feud over interim leader
By Staff Reporter
ISLAMABAD: The political party of jailed former Prime Minister Imran Khan is facing a leadership crisis and internal divisions as his wife and sisters clash over the choice of an interim party chief and the legal defense of the imprisoned leader.
Pakistan sets stage for 2024 polls with final delimitation list
By Staff Reporter
ISLAMABAD: The Election Commission of Pakistan (ECP) published the final delimitation list of constituencies for national and provincial assemblies on Thursday, paving the way for general elections in February 2024.
Imran Khan opts out of party election amid legal woes, nominates caretaker chairman
By Staff Reporter
ISLAMABAD: Former prime minister Imran Khan, who is serving a prison sentence for corruption, will not be contesting the intra-party elections of his Pakistan Tahreek-e-Insaf (PTI) party scheduled for Saturday, citing his legal problems and the risk of losing the party’s symbol in the upcoming general elections, his lawyer said on Wednesday.
FBR seizes millions of illicit cigarettes, but lets tax evaders off the hook
News Desk
The tax authority seized 58.8 million cigarettes in the first quarter of the fiscal year 2023-24, as part of its crackdown on the illicit tobacco sector, but failed to prosecute or imprison any of the offenders who are evading taxes and causing losses to the national exchequer.