KARACHI: Pakistan’s two largest provinces moved on Saturday to roll back strict business curfews imposed last month to conserve fuel, signaling a partial retreat from nationwide austerity measures triggered by a global oil shock tied to the US-Israel war with Iran.
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Police secure custody of drug queenpin in narcotics and murder cases amid claims of torture and ex-husband plot
KARACHI: A judicial magistrate on Saturday ordered alleged narcotics kingpin Anmol, better known as Pinky, remanded into police custody until May 22 in a major case filed under the Sindh Control of Narcotic Substances Act, capping a day of court appearances in which authorities sought to question her in more than a dozen separate criminal matters.
Law minister Tarar says no signs yet of 28th constitutional amendment, stresses coalition consensus required
ISLAMABAD: Law Minister Azam Nazeer Tarar said on Saturday that he sees “no indications” of a proposed 28th constitutional amendment, even as his government continues quiet consultations with coalition partners on a range of contentious national issues that could eventually require broad political agreement to resolve.
FM Aurangzeb says Pakistan’s Panda bond debut signals deeper RMB integration and future Beijing debt issuances
ISLAMABAD: Finance Minister Muhammad Aurangzeb said the country’s debut sale of a yuan-denominated bond in China’s onshore market represents a transformational step that will pave the way for additional sovereign issuances and closer financial integration with Beijing.
Pakistan demands end to ‘continuing Nakba,’ reaffirms call for statehood on 78th anniversary of Palestinian displacement
ISLAMABAD: Prime Minister Shehbaz Sharif called on Saturday for an immediate end to the suffering of the Palestinian people, marking the 78th anniversary of the Nakba, the Arabic term for “catastrophe” that commemorates the mass displacement of Palestinians during the 1948 Arab-Israeli war that led to the founding of Israel.
Pakistan sends interior minister to Tehran in push to revive stalled US-Iran talks
ISLAMABAD: Pakistan’s interior minister arrived in Tehran on Saturday for a two-day official visit aimed at restarting direct negotiations between Iran and the United States, Iranian state media reported, as a fragile ceasefire that halted more than a month of US-Israeli airstrikes on Iran shows signs of unraveling.
Pakistan cuts petrol, diesel prices by Rs5 a liter effective Saturday
ISLAMABAD: The government reduced retail prices of petrol and high-speed diesel by 5 rupees a liter, the Petroleum Division said in a notification issued late on Friday.
SBP sees record remittances topping $41 billion this year despite export slip
KARACHI: The central bank expects workers’ remittances to exceed a record $41 billion in the fiscal year ending June 2026, Governor Jameel Ahmad said on Friday, even as exports weaken and global uncertainty clouds the outlook.
ADB and AIIB help Pakistan sell debut Panda bond to fund green infrastructure
KARACHI: The Asian Development Bank and the Asian Infrastructure Investment Bank joined forces to back Pakistan’s inaugural sale of a yuan-denominated Panda bond, providing fresh financing for the country’s Sustainable and Green Infrastructure Project, the ADB said on Friday.
FM Aurangzeb says Panda bond opens sustainable funding platform for Pakistan
ISLAMABAD: Pakistan completed its first-ever Panda bond issuance in China’s onshore capital market, raising CNY 1.75 billion ($250 million) in a deal that was oversubscribed and drew strong demand from Chinese investors.