ISLAMABAD: The government reduced the price of petrol by 6 rupees per liter and high-speed diesel by 6.80 rupees per liter on Friday, the second consecutive weekly cut as officials respond to swings in global oil markets linked to tensions in the Middle East.
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Field Marshal Munir in Tehran to salvage US-Iran ceasefire
ISLAMABAD: Pakistan’s most powerful military commander flew to the Iranian capital Friday night, touching down amid an urgent and precarious flurry of diplomacy aimed at preventing the fragile ceasefire in the US-Iran war from unravelling entirely — and potentially averting a new round of American strikes that, by multiple accounts, Washington was actively contemplating.
Lucky Motors bets on fuel crisis and solar surge to accelerate Pakistan EV push with China’s GAC
KARACHI: Pakistan’s Lucky Motor Corp. is counting on record fuel prices and widespread rooftop solar adoption to accelerate demand for electric vehicles, as the automaker begins rolling out models from China’s Guangzhou Automobile Group and targets local assembly by the end of 2026.
PM Sharif to visit China this weekend, with US-Iran tensions on agenda
ISLAMABAD: Prime Minister Shehbaz Sharif will travel to China from May 23 to 26 for an official visit that will mark the 75th anniversary of diplomatic relations between the two countries and offer an opportunity to deepen their long-standing “all-weather strategic partnership,” the Foreign Office said on Friday.
Karachi court sends alleged drug queenpin Anmol ‘Pinky’ to jail on 14-day judicial remand in narcotics and murder cases
KARACHI: A local court on Friday ordered alleged drug queenpin Anmol, better known as Pinky, to be held in judicial custody for 14 days as she faces more than a dozen criminal cases, including narcotics trafficking, illegal weapons possession and murder.
Field Marshal Munir heads to Tehran in final push to end US-Iran war
ISLAMABAD: Pakistan’s top military commander flew to Tehran on Friday in what officials and mediators described as a final push to secure a framework agreement that would formally end the war between the United States and Iran and open a 30-day window for negotiations on a more sweeping accord, including a resolution of the Iranian nuclear standoff.
With war and diplomacy both on the table, Pakistan races to bridge US-Iran divide
ISLAMABAD: US Secretary of State Marco Rubio expressed cautious optimism on Thursday that Pakistani mediators could break the deadlock in negotiations to end the US-Iran war, as Pakistan’s powerful army chief prepared to travel to Tehran for high-level consultations and President Trump warned that the talks were teetering on the edge of collapse.
SBP reserves rise $1.214 billion to $17.081 billion on IMF inflows, Panda bond sale
KARACHI: The State Bank of Pakistan’s foreign-exchange reserves increased by $1.214 billion in the week ended May 15, reaching $17.081 billion, the central bank said on Thursday.
Two schoolboys killed in drone strike in Bajaur
BAJAUR: Two schoolboys were killed Thursday when a quadcopter drone struck a hilly area of Bajaur district in Pakistan’s northwestern Khyber Pakhtunkhwa province, local residents and officials said.
PTI warns of street protests after fresh denial of access to Imran Khan in jail
ISLAMABAD: Leaders of Pakistan Tehreek-e-Insaf were turned away from Adiala jail in Rawalpindi for the second straight day on Thursday, after prison officials once again refused to let them meet party founder Imran Khan.