Finance minister met with executives from automation firm Honeywell International Inc. in Washington to discuss a proposal to modernise the South Asian nation’s refining sector, as Islamabad looks to cut its dependence on imported fuel.
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Imran Khan’s sister seeks four-week delay in cybercrime inquiry over India war remarks
ISLAMABAD: Noreen Niazi, sister of jailed former Pakistani prime minister Imran Khan, has sought a four-week extension to respond to a cybercrime agency notice over remarks she made linking a Pakistani military operation against India to Indian Prime Minister Narendra Modi, her lawyer said on Monday, adding she would not appear before the agency on Tuesday as directed.
Pakistan sets up cryptocurrency crime unit to fight money laundering, terror financing
ISLAMABAD: Pakistan’s top federal law enforcement agency has opened a specialised unit to investigate cryptocurrency-related crimes, part of a broader overhaul of the agency’s command structure aimed at curbing money laundering, terrorism financing, and human trafficking.
Pakistan bars private firms from diesel imports, boosts PSO role
ISLAMABAD: Pakistan’s government has barred private oil marketing companies from importing high-speed diesel, handing state-run Pakistan State Oil exclusive control over the fuel’s supply for the current fiscal year, according to the Dawn newspaper.
Pakistan pays record $21.88 for LNG cargo as single bidder wins July shipment
KARACHI: Pakistan agreed to pay $21.88 per million British thermal units for a cargo of liquefied natural gas, its highest price of the year, as a prolonged outage at QatarEnergy’s flagship export terminal continues to force the South Asian nation into the costly spot market.
Pakistan trims petrol, hikes diesel rates as Iran-US conflict keeps oil markets on edge
The government lowered the retail price of petrol and sharply raised diesel rates on Monday, the latest in a string of adjustments triggered by swings in global oil markets since fighting resumed between Iran and the US earlier this year.
Six more die in Pakistan floods as toll reaches 47; north braces for glacial threat
PESHAWAR: The death toll from Pakistan’s monsoon season rose to 47 on Monday after six more people were killed in a single 24-hour span in the country’s northwestern Khyber Pakhtunkhwa province, where flash floods and collapsing homes have claimed dozens of lives since the rains began in late June.
US and Iran trade strikes far beyond Hormuz as Tehran declares ‘full-scale war’
ISLAMABAD: Iran’s president declared on Monday that his country is now locked in “a full-scale war” with the United States, a stark public acknowledgment that came as American warplanes struck deeper into Iranian territory than at any point in months and Tehran’s own missiles reached as far as Syria, Jordan, and Kuwait.
Iran’s interior minister arrives in Islamabad amid mediation push
ISLAMABAD: Iran’s interior minister, Eskandar Momeni, arrived in Islamabad on Monday for two days of official talks, the latest step in Pakistan’s monthslong effort to keep alive a peace process between Iran and the United States.
Petroleum dealers back daily fuel pricing, seek bigger margin
ISLAMABAD: Pakistan’s petroleum retailers have thrown their support behind a government plan to shift fuel-price adjustments from a weekly to a daily schedule, backing an overhaul designed to tighten transparency in a market officials say has become vulnerable to manipulation and hoarding.