ISLAMABAD: Raging floodwaters fed by monsoon rains and releases from Indian dams swept through Pakistan’s Punjab province on Thursday, killing at least 15 people, submerging hundreds of villages and displacing or affecting more than 600,000 residents, as authorities scrambled to evacuate thousands more amid fears of a catastrophic dam breach.
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PTI lawmakers resign from key committees on Imran Khan’s orders
ISLAMABAD: Pakistan’s main opposition party, Pakistan Tehreek-e-Insaf (PTI), plunged deeper into confrontation with the government on Wednesday as its lawmakers began resigning from all National Assembly standing committees, acting on direct instructions from the party’s jailed founder, Imran Khan.
CCP pushes for ban on Chinese e-commerce giant Temu over unregulated operations
ISLAMABAD: Pakistan’s antitrust authority has called on the country’s telecommunications regulator to ban the Chinese e-commerce platform Temu, warning that its unregulated operations could harm local businesses.
US firms eye Pakistan’s oil sector amid Trump’s ‘massive reserves’ claim, experts skeptical
ISLAMABAD: US companies are showing renewed interest in Pakistan’s struggling energy sector following President Donald Trump’s claim of “massive” oil reserves in the South Asian nation, but industry experts remain skeptical, citing decades of limited discoveries and persistent challenges, Bloomberg reported on Wednesday.
Pakistan targets 2025 panda bond debut to access Chinese capital
ISLAMABAD: Pakistan is pressing ahead with plans to issue its first panda bond in 2025, a move to tap China’s deep investor pool and diversify its funding sources, Finance Minister Muhammad Aurangzeb said, as the nation seeks to rebuild reserves and return to global capital markets.
Punjab battles historic floods after India releases dam waters, hundreds of thousands displaced
LAHORE: Pakistan mounted a frantic response on Wednesday to confront a swelling flood emergency in its populous Punjab province after India released excess water from dams in the disputed Kashmir region, exacerbating weeks of punishing monsoon rains that have already claimed hundreds of lives and submerged vast swaths of farmland across the nuclear-armed neighbors.
ECC approves gas surcharge relief, funds for flood-hit Gilgit-Baltistan
ISLAMABAD: The Economic Coordination Committee of the cabinet approved a bailout for the state broadcaster, a plan to recover overdue petroleum levies from a refinery and a mechanism to use gas surcharges to cut electricity tariffs for all consumers
‘Exceptionally high’ flood threat in Punjab as rivers swell from monsoon rains and Indian dam releases
ISLAMABAD: Lahore and other parts of Punjab province braced on Wednesday for what officials called a “very high to exceptionally high” flood threat, as heavy monsoon rains and the release of water from two Indian dams swelled rivers and prompted authorities to seek army assistance in six districts.
Imran Khan orders PTI lawmakers to quit parliamentary committees, boycott by-elections
ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan has directed his party’s lawmakers to resign from all parliamentary committees and boycott upcoming by-elections, his sister Aleema Khan announced Tuesday, exposing deep rifts within the party over its political strategy.
TCP secures initial 30,000 tons of sugar in global tender
ISLAMABAD: Pakistan’s state-owned Trading Corporation of Pakistan (TCP) has acquired an initial 30,000 metric tons of white sugar through an international tender that closed last week, Reuters reported on Tuesday, as the South Asian nation grapples with surging domestic sugar prices.