ISLAMABAD: US Secretary of State Marco Rubio said on Friday that the United States is awaiting an Iranian response later in the day to a US proposal aimed at ending the conflict in the Persian Gulf, even as fresh military exchanges between the two sides have cast doubt on the durability of a fragile cease-fire.
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Australia imposes sanctions on BLA and three senior leaders, citing role in Pakistan attacks
ISLAMABAD: Australia on Friday imposed counterterrorism financing sanctions on the Balochistan Liberation Army and three of its senior leaders, freezing their assets and prohibiting any financial dealings with the group in a move aimed at disrupting its operations in Pakistan.
IMF board approves $1.2 billion tranche for Pakistan after clearing key reform review
ISLAMABAD: The International Monetary Fund’s Executive Board approved the latest review of Pakistan’s economic program on Friday, clearing the way for the disbursement of about $1.2 billion in fresh financing.
Pakistan rejects reports of targeted deportations of its citizens from UAE, calling claims ‘vicious propaganda’
ISLAMABAD: The Interior Ministry on Friday denied reports that the United Arab Emirates had begun a large-scale or targeted expulsion of Pakistani nationals, describing the allegations as “mala fide” and part of a “vicious propaganda” campaign by vested interests.
Pakistan enlists Singapore in push to repatriate 31 seafarers from US-seized vessels near its waters
ISLAMABAD: The deputy prime minister and foreign minister, Ishaq Dar, said on Friday that he has asked Singapore to assist in the welfare and repatriation of 11 Pakistani and 20 Iranian seafarers aboard vessels seized by the United States that are now positioned near Singaporean waters.
Petrol, diesel prices raised for third straight week as oil rally deepens
ISLAMABAD: The government increased the price of petrol by Rs14.92 a liter and high-speed diesel by Rs15 a liter, the latest in a string of weekly adjustments driven by volatile global oil markets tied to the US-Iran conflict.
US strikes Iranian military sites near Hormuz after naval clash, as both sides insist month-old ceasefire holds
ISLAMABAD: US forces launched self-defence strikes against Iranian missile and drone launch sites, command centres, and intelligence nodes along the Iranian coast on May 7 after three Navy guided-missile destroyers came under attack while transiting the Strait of Hormuz, US Central Command said, in the most serious flare-up since a ceasefire took effect four weeks earlier.
Pakistan spurns $16.98-$17.28 LNG offers in fresh test of Urgent Import Push
ISLAMABAD: Pakistan on Thursday rejected the two lowest offers for emergency liquefied natural gas cargoes, spurning bids priced at $17.28 per million British thermal units from BP Singapore and $16.98 from TotalEnergies SE for deliveries later this month.
Trump pauses Hormuz escort mission after Saudi Arabia denies US access to key air base and airspace – report
ISLAMABAD: President Donald Trump abruptly halted a US military operation to escort commercial vessels through the Strait of Hormuz after Saudi Arabia blocked American aircraft from using its territory and airspace, two US officials said, forcing the White House to suspend the mission barely 36 hours after it began.
Pakistan plans expanded foreclosure powers for banks after 90-day default notice
ISLAMABAD: The government has decided in principle to grant commercial banks expanded powers to seize and sell mortgaged homes after a cumulative 90-day notice period in the event of default, part of a broader effort to revive lending to the country’s chronically underdeveloped housing sector.