ISLAMABAD: Pakistan has once again extended its ban on Indian aircraft entering its airspace, aviation officials said on Saturday, keeping in place a restriction that has now stretched, with monthly renewals, across more than a year of strained relations between the two nuclear-armed neighbours.
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Pakistan’s foreign financing nears $27 billion as economy stays dependent on rollovers
ISLAMABAD: Pakistan took on $16.2 billion in fresh foreign loans in the fiscal year through June, more than the government borrowed a year earlier, as a widening trade gap and weak foreign investment left Islamabad reliant on Gulf and Chinese creditors to keep its finances afloat.
Czech climber dies in fall during expedition in Karakoram range, second fatality of season
ISLAMABAD: A 46-year-old Czech mountaineer died on Thursday during an expedition in Pakistan’s Karakoram range, the Czech Foreign Ministry confirmed, becoming the second climber to die this season in the mountains that draw hundreds of foreign expeditions each summer.
Diesel surges nearly 10 percent as daily fuel pricing takes effect
ISLAMABAD: Pakistan raised diesel prices by 9.6% and pushed up petrol rates, as the government abandoned weekly fuel price reviews in favor of daily adjustments to keep pace with volatile international markets following renewed conflict between Iran and the US.
Sir Garry Sobers, the greatest all-rounder cricket has known, dies aged 89
Sir Garfield Sobers, the West Indies cricketer acclaimed across the sport as the finest all-rounder the game has produced, has died at his home in Barbados. He was 89, his death coming just 11 days before what would have been his 90th birthday.
PM Sharif says security of Chinese nationals is ‘paramount’ for Pakistan
ISLAMABAD: Prime Minister Shehbaz Sharif pledged on Friday to spare no effort protecting Chinese nationals working in Pakistan, delivering his most emphatic assurance yet as the two countries signed nine pharmaceutical and healthcare agreements worth roughly $440 million.
Bhutto-Zardari presses Islamabad to reopen Kashmir, warns election is test for Pakistan
MIRPUR: Bilawal Bhutto-Zardari opened his party’s campaign for this month’s Kashmir elections with a direct challenge to the federal government on Friday, telling a rally here that if Pakistan could broker peace between the United States and Iran, it could just as easily end the monthlong standoff that has cut off food, fuel and medicine to the region.
Govt hands fuel pricing to Ogra for daily revisions
ISLAMABAD: Pakistan will begin adjusting petrol and diesel prices every day instead of on its traditional fortnightly schedule, as the government moves to pass through international market swings tied to the widening conflict between Iran and the United States, Petroleum Minister Ali Pervaiz Malik said on Friday.
Power firms seek Rs1.20 per unit fuel charge on costly LNG
ISLAMABAD: Pakistan’s power distribution companies are seeking regulatory approval to pass on Rs1.20 per unit in additional fuel charges to consumers next month, as the cost of imported liquefied natural gas nearly doubled and pushed generation expenses above budgeted levels.
US and Iran broaden war as infrastructure becomes the new battlefield
ISLAMABAD: The United States and Iran dramatically widened the scope of their conflict on Friday, striking bridges, a port facility, and energy infrastructure in a sixth consecutive night of American attacks, while Tehran answered with a barrage of missiles and drones that reached as far as Qatar, Kuwait, Bahrain, Jordan, and, for the first time, Syria.