By Staff Reporter
ISLAMABAD: Inflation in September rose for the first time in four months after the government raised fuel prices to meet International Monetary Fund’s (IMF) conditions for an ongoing $3 billion bailout program.
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Exports snap 11-month slump, trade deficit shrinks
By Staff Reporter
ISLAMABAD: Pakistan’s exports of goods rose for the first time in almost a year in September, reversing a prolonged slump caused by a struggling economy, official data showed on Monday.
Cnergyico buys first private shipment of discounted Russian oil
By Staff Reporter
KARACHI: A Pakistani refiner has imported the country’s first private-sector shipment of Russian crude oil, taking advantage of Moscow’s discounts on its oil exports after its invasion of Ukraine.
Photo by Robert So: https://www.pexels.com/photo/electrical-wires-on-wooden-post-on-street-14019256/
Catch 22: Discos’ governors part of problem
Intent on pushing through the privatisation agenda laid down by the previous government, Pakistan’s caretaker government is weighing options to sack the governors of power distribution companies. By Staff Reporter.
Pakistan blames India for Friday’s deadly attack in troubled Balochistan
By Staff Reporter
ISLAMABAD: Pakistan’s interim interior minister on Saturday accused India’s intelligence agency of being behind the recent terrorist attacks in Balochistan, a restive province that has been plagued by violence for decades.
Inquiry ordered after law enforcement raid kills four villagers in Sindh
By Staff Reporter
KARACHI: The Interim Sindh province chief minister ordered an inquiry on Friday into the killing of four villagers in a raid by law enforcement agencies against suspected militants and said he would report the findings within four days.
Pakistan signs preliminary free trade pact with Gulf bloc
By Staff Reporter
ISLAMABAD: Pakistan and the Gulf Cooperation Council agreed to a preliminary free trade deal, the first by the six-nation bloc with any country since 2009, as Islamabad seeks to boost its exports and attract more foreign investment.
Photo courtesy: Al Khidmat Foundation
Suicide blast kills 52 near mosque in Balochistan
By Staff Reporter
KARACHI: A suicide bomber killed at least 52 people, including a police officer, and wounded around 50 others near a mosque in Pakistan’s restive Balochistan province on Friday, officials said.
Pakistan to seek extradition of Taliban militants arrested by Afghan authorities
By Staff Reporter
ISLAMABAD: Pakistan will ask for the extradition of 200 members of a banned militant group that have been arrested by the Afghan authorities, the country’s caretaker foreign minister said on Thursday.
Inflation to hit 31pc in September
By Staff Reporter
ISLAMABAD: Inflation is expected to reach 31 percent in September, as rising fuel and energy prices squeeze consumers and businesses.