ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) said on Wednesday the Competition Commission of Pakistan (CCP) has conditionally approved its proposed acquisition of Telenor Pakistan BV and Orion Towers (Private) Limited, paving the way for a major consolidation in the country’s telecom sector.
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Inflation jumps to 5.6 percent in September, topping ministry forecast after floods fallout
ISLAMABAD: Pakistan’s headline inflation accelerated sharply to 5.6% year-on-year in September, data from the Pakistan Bureau of Statistics showed on Wednesday, dashing the finance ministry’s hopes of a contained rise after devastating floods hammered the economy.
Security forces kill 13 ‘India-sponsored’ militants in Balochistan raids
QUETTA: The security forces killed 13 militants accused of being backed by India in two intelligence-based operations in restive Balochistan province, the military said Wednesday, as the country grapples with a sharp rise in deadly attacks.
FM Aurangzeb says IMF talks “moving in right direction”
ISLAMABAD: Talks between Pakistan and the International Monetary Fund are moving in the “right direction”, Finance Minister Muhammad Aurangzeb said on Wednesday, as a review of the country’s $7.1 billion bailout programme got under way amid shortfalls in tax collections.
Pakistan clears $500 million Eurobond on time, signals debt discipline
ISLAMABAD: Pakistan has repaid a $500 million Eurobond on schedule, signalling fiscal discipline amid improving foreign reserves and a more sustainable debt profile, according to the government.
FBR misses quarterly goal by Rs199 billion on weak sales levies
ISLAMABADA: The tax authority fell short of its first-quarter revenue goal by Rs199 billion, battered by sluggish domestic sales taxes and lower collections from utility bills amid floods and a shift to solar power.
Two KP ministers quit after Imran Khan approves cabinet reshuffle
PESHAWAR: Two ministers in Khyber Pakhtunkhwa province resigned from the cabinet on Tuesday, a day after the chief minister met with the jailed founder of their embattled Pakistan Tehreek-e-Insaf (PTI) party, amid reports of internal rifts and a planned government reshuffle approved by the party’s leader.
PTI turmoil deepens as CM Gandapur blames Khan’s sister, military ties for party division
ISLAMABAD: Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur accused Aleema Khan, sister of Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan, of fomenting divisions within the party and alleged she was being aided by Military Intelligence (MI) and the “establishment,” in a video statement on Tuesday that highlighted growing internal strife.
Petrol, diesel prices raised; LPG rates reduced
ISLAMABAD: The government raised fuel prices on Tuesday, increasing petrol by Rs4.07 per litre and high-speed diesel (HSD) by Rs4.04 per litre for the next two weeks, a move set to strain household budgets and fuel inflation.
Commonwealth observers say Pakistan’s 2024 vote unfairly targeted Imran Khan’s PTI
ISLAMABAD: An international observer group has concluded that Pakistan’s 2024 general elections were undermined by conditions that limited fundamental political rights, particularly affecting one major party’s ability to compete fairly, and by a nationwide shutdown of cellular services on election day that eroded transparency and efficiency in tallying results.