ISLAMABAD: President Asif Ali Zardari on Friday constituted the 11th National Finance Commission (NFC), a pivotal body tasked with reshaping the contentious distribution of federal tax revenues between the central government and the country’s four provinces.
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Floods displace thousands in south Punjab as monsoon rains threaten further devastation
ISLAMABAD: Severe flooding triggered by overflowing Indus and Chenab rivers has displaced thousands of families across south Punjab, Pakistan, destroying homes, crops, and farmland, officials said Thursday.
Explosion kills over 30 militants in Bajaur, clashes injure 11 in South Waziristan
PESHAWAR: A massive explosion tore through a mosque in the remote Hilki area of Charmang, near the Afghan border in Pakistan’s Bajaur district, killing more than 30 militants on Thursday, local media reported, citing official sources.
Flood-hit Pakistan warns of fresh downpours until end-August
KARACHI: Pakistan’s Meteorological Department on Thursday warned of heavy rains lashing the country until early September, as devastating monsoon downpours and flash floods have already claimed at least 739 lives since late June, displacing thousands and ravaging homes, schools and crops across the vulnerable South Asian nation.
Reko Diq secures $410 million ADB financing
ISLAMABAD: The Asian Development Bank has committed $410 million to propel Pakistan’s Reko Diq copper mine, one of the world’s largest untapped deposits, toward production, Reuters reported on Thursday.
TCP gets $560/ton sugar bid in 200,000-ton import tender
KARACHI: State-run grains agency Trading Corporation of Pakistan (TCP) received the lowest offer at $560 a metric ton, cost and freight included, in its international tender to buy 200,000 metric tons of white refined sugar, traders said on Thursday.
Pakistan, China pledge to deepen strategic partnership, expand CPEC
ISLAMABAD: Pakistan and China pledged to bolster their strategic partnership and advance the China-Pakistan Economic Corridor (CPEC) during high-level talks in Islamabad on Thursday, with both sides expressing optimism about expanding cooperation in trade, infrastructure, and regional stability.
Army chief Munir did not seek reconciliation apology over May 9 riots, military says
ISLAMABAD: The military on Thursday dismissed reports that Chief of Army Staff (COAS) Field Marshal Asim Munir had demanded an apology over the May 9, 2023 riots, with a senior official insisting that those responsible for the unrest must be “held accountable” under the law.
India-Pakistan cricket cleared for multi-nation events, bilateral ban stays
KARACHI: India’s sports ministry announced Thursday a new policy banning bilateral sporting ties with Pakistan, including events at neutral venues, but confirmed the Indian cricket team would participate in next month’s Asia Cup, a multilateral tournament, the Press Trust of India (PTI) reported.
Massive explosion in Karachi warehouse kills one, injures 34
KARACHI: A powerful explosion ripped through a warehouse storing firecracker materials in a densely populated area in Karachi’s busy commercial center on Thursday, killing at least one person and injuring 34 others, police and hospital officials said.