ISLAMABAD: Pakistani authorities have declared 37 villages in the northern Gilgit-Baltistan region as calamity-affected after severe cloud burst-induced floods swept through the area, while the nationwide death toll from monsoon rains approaches 300.
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Pakistan’s Cnergyico to import first US crude cargo in October
KARACHI: Pakistan’s largest refiner, Cnergyico, will import 1 million barrels of US crude from Vitol in October, marking the country’s first such purchase after a trade deal with the US, its top export market.
Pakistan launches PRSS-1 remote sensing satellite from China’s Xichang site
ISLAMABAD: Pakistan successfully launched its Remote Sensing Satellite-1 (PRSS-1) from China’s Xichang Satellite Launch Center on Thursday, a breakthrough that marks a major stride in the country’s space exploration ambitions and deepens its technological partnership with China.
Pakistan exempts digital imports from 5 percent tax in deal with US
ISLAMABAD: Pakistan has exempted digitally imported goods and services from a 5% tax, following an agreement with the United States aimed at fostering trade relations and attracting foreign digital businesses.
FBR July revenue hits Rs748.6 billion, beats target on 14 percent YoY gain
ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs748.6 billion in July, surpassing its monthly target and posting a 14% year-on-year increase, signaling renewed economic momentum in the country.
Cloudburst-driven floods displace thousands in Gilgit-Baltistan
ISLAMABAD: Intense floods triggered by cloudbursts and heavy monsoon rains have wreaked havoc in Pakistan’s Gilgit-Baltistan region, causing widespread destruction, loss of life, and displacing thousands as the country grapples with a relentless wave of extreme weather.
Minor charged with terrorism for sharing activist’s speech on social media in Pakistan
GWADAR: A seven-year-old boy in Gwadar has been charged with terrorism for allegedly sharing a video of a detained human rights activist’s speech on TikTok, a case that has drawn sharp condemnation from Pakistan’s leading human rights organisation and raised questions about the use of anti-terrorism laws against children.
US slashes Pakistan’s tariff to 19 percent in Trump trade shake-up
KARACHI: Pakistan has emerged as a rare winner in President Donald Trump’s sweeping overhaul of US trade policy, securing a tariff reduction from 29% to 19% on Friday, the lowest rate for any South Asian country after Afghanistan.
Govt cuts petrol price by Rs7.54, raises diesel by Rs1.48
ISLAMABAD: The government slashed petrol prices by Rs7.54 per litre late Thursday while raising the cost of high-speed diesel (HSD) by Rs1.48 per litre for the next two weeks, reflecting shifts in global oil markets.
Pakistan battles sugar crisis amid surplus claims and market manipulation
ISLAMABAD: Pakistan’s state trading agency is evaluating offers to supply 100,000 metric tons of sugar, with the lowest bid at $539 per ton, even as the government insists on surplus stocks and cracks down on market manipulation amid a recurring sugar crisis.