ISLAMABAD: Pakistan raised the retail price of petrol and cut the price of diesel for Tuesday, even as global crude dropped to its lowest in almost two weeks on hopes for diplomacy in the U.S.-Iran war.
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IBA graduate’s exhumation set for today after Sindh restores original medical board amid backlash
KARACHI: After a day of confusion, accusation and last-minute reversals, the Sindh government on Friday evening backed down and reinstated the original eight-member medical board assigned to exhume the body of Mir Raza Ali, the young businessman whose death last month has become one of Karachi’s most closely watched cases. The exhumation, abandoned on Friday morning amid furious objections from Ali’s family, is now due to go ahead this morning.
Pakistan holds fuel prices steady as weekend freezes Iran war-driven rally
ISLAMABAD: Pakistan left retail fuel prices unchanged through the weekend, a technical pause built into a new daily pricing mechanism the government adopted just weeks ago to keep pace with oil markets roiled by the conflict between Iran and the United States.
Pakistan exports to western, northern Europe decline despite GSP+ as US-Iran tensions disrupt trade
ISLAMABAD: Pakistan’s shipments to its largest European markets posted negative growth in the first nine months of the fiscal year, even as the country continued to enjoy duty-free access under the European Union’s Generalized Scheme of Preferences Plus program.
Pakistan dismisses Indian criticism of Afghanistan strikes as ‘absurd and unwarranted’
ISLAMABAD: Pakistan on Saturday dismissed Indian criticism of its recent airstrikes inside Afghanistan as “absurd and unwarranted,” accusing New Delhi of longstanding involvement in sponsoring terrorist groups operating from Afghan territory and flouting international law.
Three bidders vie for control of flag carrier PIA in long-delayed sale
KARACHI: The government is poised to kick off the long-awaited privatization of the national carrier, Pakistan International Airlines Corp., on Tuesday, with just three bidders in the running after Fauji Fertilizer Co. bowed out over the weekend.
Pakistan signals conditional openness to extraditing terror suspects to India
ISLAMABAD: Bilawal Bhutto Zardari, chairman of the Pakistan Peoples Party (PPP) and former foreign minister, said on Friday that Pakistan would not object to extraditing individuals of concern to India, such as Hafiz Saeed and Masood Azhar, as a confidence-building measure, provided New Delhi cooperates in the legal process.
Trump says Pakistani trade talks set for next week
ISLAMABAD: Pakistan and the US will launch trade negotiations next week, President Donald Trump said on Friday, as a potential 29 percent reciprocal tariff threatens Pakistan’s $5.44 billion export market.
Pakistan fails to buy spot LNG cargoes amid banking woes
By Staff Reporter
ISLAMABAD: Pakistan failed to secure any spot liquefied natural gas (LNG) cargoes for October-to-December delivery, traders said on Tuesday, as suppliers shunned the country’s tenders due to banking issues.
Pakistan mourns shipwreck victims, PM Sharif orders probe
By Staff Reporter
ISLAMABAD: Pakistan is observing a day of mourning on Monday for hundreds of people, mostly Pakistanis, who died when a boat carrying migrants capsized off the coast of Greece last week.