Govt, Islamist party agree to negotiate fuel tax as strikes shutter markets

LAHORE: Facing 19 straight days of street protests and a nationwide strike that emptied marketplaces from Karachi to Peshawar, the government agreed on Thursday to form a joint committee with the country’s largest religious political party to study whether the fuel taxes squeezing ordinary drivers can be rolled back.

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Dirty money goes digital as hawala networks turn to apps and crypto

KARACHI: Criminal networks moved more than €500 million through underground banking channels in just a few months in some cases documented by global financial watchdogs — a sign of how far hawala operators have evolved from informal, trust-based money changers into commercial laundering operations rivaling legitimate fintech firms.

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Pakistan says 15 terrorists killed in 36-hour battle to stop Afghan border infiltration

ISLAMABAD: Security forces killed 15 militants during a 36-hour operation to repel an infiltration attempt along the country’s border with Afghanistan, in the latest flashpoint in a relationship between the two neighbours that has grown increasingly strained over cross-border attacks.

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Pakistan raises fuel prices as Iran-US escalation sends oil to six-week high

ISLAMABAD: Pakistan raised petrol and diesel prices for a second straight day on Wednesday, as a sharp escalation between the US and Iran near the Strait of Hormuz pushed global crude to its highest level in nearly six weeks and fed directly into pump prices under the country’s daily pricing system.

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