ISLAMABAD: The government has lifted a four-year ban on new domestic gas connections, opting to provide Re-Gasified Liquefied Natural Gas (RLNG) to households, Federal Minister for Petroleum Ali Pervaiz Malik announced on Wednesday, citing the need to address public difficulties and safety concerns.
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Pakistan assumes chair of SCO anti-terror body
ISLAMABAD: Pakistan has taken over the chairmanship of the Shanghai Cooperation Organization’s Regional Anti-Terrorist Structure, a move that officials said would bolster regional efforts to combat terrorism amid Islamabad’s ongoing struggles with insurgencies on its borders.
Yamaha Motor Pakistan to halt motorcycle production, maintains parts and warranty services
KARACHI: Yamaha Motor Pakistan Ltd (YMPL), a subsidiary of Japan’s Yamaha Motor Co., will cease motorcycle manufacturing in Pakistan but continue supplying spare parts and honoring warranty services, the company announced on Tuesday, marking a significant shift in its regional strategy.
Dubai’s DP World partners with Pakistan to build $400 million freight corridor
KARACHI: DP World Ltd., the Dubai-based global port operator, has signed a commercial agreement with Pakistan’s National Logistics Corporation and Pakistan Railways to develop the first phase of a $400 million dedicated freight corridor linking Karachi Port to the Pipri marshalling yard, a key rail hub on the city’s outskirts, a statement said on Wednesday.
Shanghai Electric scraps $1.77 bln bid for K-Electric after years of delays
KARACHI: Shanghai Electric Power Co. has abandoned its $1.77 billion bid to acquire a controlling stake in K-Electric Ltd., Pakistan’s sole listed power utility, citing a deteriorating business environment and the seller’s failure to secure required approvals.
SBP says banks show resilience amid lending dip
KARACHI: The banking sector expanded assets and bolstered solvency in the first half of 2025 despite a contraction in lending, the State Bank of Pakistan (SBP) said in its Mid-Year Performance Review released on Wednesday.
Torrential monsoon rains kill seven, displace hundreds in Karachi
KARACHI: Torrential monsoon rains have killed seven people and displaced over 300 in Karachi, Pakistan’s largest city, as swollen rivers overwhelmed the city’s strained drainage system, officials said Wednesday. Rescue teams continued searching for three missing individuals amid forecasts of more rain.
Pakistan’s govt debt surges 13 percent to Rs77.9 trln in FY24 – central bank
KARACHI: The government debt surged 13% in the fiscal year ended June 30, reaching Rs77.888 trillion, as the nation leaned heavily on domestic and external borrowing to plug a widening budget deficit and cover escalating interest costs, central bank data showed on Tuesday.
Pakistan, China to share trade data electronically to curb under-invoicing
ISLAMABAD: Pakistan and China have agreed to exchange trade documents and data electronically to curb rampant under-invoicing that’s plagued Pakistan’s economy, as the two nations seek to deepen ties in trade, defence and technology amid ongoing regional tensions.
Pakistan strongly condemns Israeli strike on Hamas leaders in Doha, calling it a violation of Qatar’s sovereignty
ISLAMABAD: Pakistan strongly condemned Israel’s airstrike in Doha targeting Hamas leaders, terming it a “most dangerous provocation” that threatens regional peace and stability, as Prime Minister Muhammad Shehbaz Sharif conveyed solidarity with Qatar in a phone call with its amir on Tuesday.