By Staff Reporter
ISLAMABAD: The cabinet approved the termination of five independent power producer (IPP) agreements on Thursday, scrapping “take-or-pay” contracts that would expected to save the country Rs411 billion
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86pc of Pakistani companies evading taxes, govt says
By Staff Reporter
ISLAMABAD: Pakistan plans a nationwide crackdown on tax evasion on Thursday, after revealing that a staggering 86 percent of companies operating in the country are not registered for sales tax, resulting in an estimated Rs3.4 trillion in lost revenue annually.
Karachi attack kills Chinese engineers involved in energy debt restructuring
By Staff Reporter
ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Tuesday that Chinese engineers killed in a bomb blast near Karachi’s airport were negotiating with the government to restructure billions of dollars in energy debt, a crucial step to ease the country’s power tariff burden.
Pakistan lands $2 billion Saudi investment pledge
By Staff Reporter
ISLAMABAD: – Pakistan expects to sign agreements worth around $2 billion with Saudi Arabia later this month, Prime Minister Shehbaz Sharif announced on Tuesday, as the country seeks to bolster its struggling economy.
Police say ex-PM Khan used jail facilities to incite violence, booked over policemen’s death
By Staff Reporter
ISLAMABAD: Police have booked former Prime Minister Imran Khan and Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur over a policeman death in last week’s protests, with authorities alleging Khan orchestrated the violence from behind bars.
Two Chinese nationals among three killed in Karachi terror attack
By Staff Reporter
KARACHI: Two Chinese nationals were among three people killed, and a dozen others injured near Karachi’s Jinnah International Airport on Sunday evening in a terrorist attack claimed by a separatist militant group, the Chinese embassy and local officials said.
Pashtun rights group PTM outlawed
By Staff Reporter
ISLAMABAD: The Interior Ministry has banned the Pashtun Tahafuz Movement (PTM), a prominent ethnic rights group, saying it is involved in activities prejudicial to national peace and security.
Blast targets Chinese convoy in Karachi, multiple deaths reported
By Staff Reporter
KARACHI: An explosion killed at least two people and wounded 17 others, including police officers, near Karachi’s Jinnah International Airport on Sunday in an attack claimed by a separatist militant group targeting Chinese engineers.
Gandapur ends 24-hour disappearance
By Staff Reporter
ISLAMABAD: The mysterious disappearance of Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur came to an abrupt end on Sunday, after he re-emerged without revealing his whereabouts during a 24-hour absence that sparked widespread speculation.
Govt denies role in Gandapur disappearance amid PTI accusations
By Staff Reporter
ISLAMABAD: Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur’s disappearance entered its second day on Suunday, with opposition party Pakistan Tehreek-e-Insaf (PTI) accusing the government of his arrest, a claim denied by Interior Minister Mohsin Naqvi, who said police were actively seeking him.