Pakistan marks founding resolution with gun salutes and flag-raisings, but skips traditional parade amid global oil crisis

ISLAMABAD: The country observed its annual Pakistan Day on Monday with the patriotic fervor that has long defined the holiday, but this year’s ceremonies were deliberately modest, stripped of the usual military parade and large-scale pageantry in line with government austerity measures imposed because of the global oil crisis.

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PM Sharif urges Iran and Gulf neighbours to return to dialogue as US postpones strikes on Iranian power plants

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday pressed Iranian President Masoud Pezeshkian for an immediate collective effort to de-escalate the widening Middle East conflict, warning that the fourth week of war had created a “grave situation” requiring urgent dialogue among neighbours and renewed unity across the Muslim world.

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Pakistan hikes premium gasoline levy by Rs200 a liter to raise Rs9 billion monthly for public relief

ISLAMABAD: Prime Minister Shehbaz Sharif approved an immediate increase of Rs200 a litre in the levy on high-octane blending component, or HOBC, the premium gasoline used in luxury and high-performance vehicles, shifting more of the fiscal burden from the national budget to higher-income consumers as global oil prices surge.

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PM Sharif rejects fresh fuel-price increase on Eid eve, govt to absorb Rs69 billion burden amid Gulf oil shock

ISLAMABAD: Prime Minister Shehbaz Sharif said his government will shoulder the full cost of a fresh surge in international oil prices rather than pass it on to consumers, absorbing an additional Rs69 billion in subsidies to prevent petrol and high-speed diesel from rising as much as Rs127 and Rs252 a liter respectively.

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PM Sharif presses for de-escalation in widening Middle East war during Eid calls with leaders from Azerbaijan to Lebanon

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday held a series of telephone conversations with leaders across the Muslim world, using the occasion of Eid al-Fitr to exchange greetings while pressing for an immediate de-escalation of the escalating conflict in the Middle East.

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Pakistan rejects Afghan Taliban claims of Eid ceasefire violation, warns of swift resumption of strikes

ISLAMABAD: Pakistan on Friday dismissed as “frivolous” and “absolutely false” Afghan Taliban accusations that it had violated a temporary pause in cross-border hostilities during the Eid al-Fitr holiday, while issuing a blunt warning that any act of terrorism, cross-border attack or drone strike would immediately end the truce and trigger a resumption of military operations with “renewed intensity.”

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