ISLAMABAD: The Power Division imposed longer electricity outages than it had promised just a day earlier after a sudden drop in hydropower generation widened the supply gap, triggering complaints from households and businesses across the country and forcing the government to issue a public apology on Wednesday.
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As ceasefire nears deadline, Pakistan juggles talks in Riyadh and Tehran
ISLAMABAD: Prime Minister Shehbaz Sharif Landed in Jeddah on Wednesday for talks with the kingdom’s leadership, even as the army chief, Field Marshal Asim Munir, reached Tehran carrying what Iranian officials said a new message from Washington aimed at salvaging a fragile ceasefire between the United States and Iran.
Sharif embarks on four-day tour of Saudi Arabia, Qatar and Türkiye to advance US-Iran peace talks
ISLAMABAD: Prime Minister Shehbaz Sharif left Islamabad on Wednesday for a four-day diplomatic tour of Saudi Arabia, Qatar and Türkiye, stepping up Islamabad’s role as a mediator in the fragile US-Iran peace process as momentum builds for a second round of negotiations.
Saudi Arabia bolsters Pakistan reserves with $3 billion top-up, extends $5 billion facility by three years
ISLAMABAD: Saudi Arabia has committed an additional $3 billion in deposits to Pakistan and extended the term of its existing $5 billion facility by three years, Finance Minister Muhammad Aurangzeb said Wednesday, providing timely relief as Islamabad prepares to repay a $3.5 billion loan to the United Arab Emirates.
Trump says Iran talks likely back in Islamabad within days, lauds Field Marshal Munir’s ‘fantastic’ role
ISLAMABAD: President Donald Trump said on Tuesday that a second round of direct negotiations with Iran to end the seven-week war could resume in Islamabad as soon as the next two days, reversing an earlier suggestion that the talks might shift to Europe and signaling fresh momentum in the diplomatic push even as the United States enforces a naval blockade of Iranian ports.
IMF cuts Pakistan growth forecast to 3.5 percent as Middle East war clouds global outlook
KARACHI: The International Monetary Fund lowered its economic growth projection for Pakistan to 3.5% for fiscal 2027 from a previous forecast of 4.1%, citing risks from the Middle East conflict, while raising its inflation outlook for the South Asian nation to 8.4% — the highest among major international forecasters.
Pakistan to enforce 2.25 hours of daily peak-hour power cuts to avert sharp electricity tariff rise
ISLAMABAD: The government will impose scheduled electricity outages of about 2.25 hours a day during peak evening hours across most of the country, a move designed to curb the use of expensive imported fuels and prevent electricity tariffs from surging amid disruptions to liquefied natural gas supplies triggered by the Middle East conflict.
Sisters of Imran Khan reach gates of Adiala Jail but are turned away, despite court-ordered visitation rights
RAWALPINDI: The sisters of imprisoned former prime minister Imran Khan made it as far as the main gate of Adiala Jail on Tuesday before prison authorities denied them entry, the family said, in the latest example of the restrictions that have largely prevented the ousted leader from receiving visitors for months even after a court ruling granted him regular access.
Pakistan weighs eurobonds, commercial loans to replace $3.5 billion UAE facility amid Middle East shock
ISLAMABAD: Pakistan is preparing to return a $3.5 billion loan from the United Arab Emirates this month and is actively exploring eurobonds, Islamic sukuk, commercial borrowing and loans from other governments to replenish its foreign reserves and avoid any slippage on its International Monetary Fund program targets, Finance Minister Muhammad Aurangzeb said.
US and Iran explore path back to the table
ISLAMABAD: A new round of in-person negotiations between the United States and Iran could be held as early as this week, multiple people familiar with the discussions said Tuesday, days after the highest-level direct talks between the two countries in nearly five decades collapsed without a breakthrough.