Recovery reliant on imports not exports
SBP warns of structural weaknesses as exports, productivity lag; firms profiteering keeps inflation sticky KARACHI:…
Recovery reliant on imports not exports
SBP warns of structural weaknesses as exports, productivity lag; firms profiteering keeps inflation sticky KARACHI: Pakistan’s economic recovery remains heavily dependent on domestic consumption, imports and remittance inflows rather than exports and productive investment, with the State Bank of Pakistan (SBP) warning that deep rooted structural weaknesses continue to threaten sustainable growth. “It has become…
US imposes visa restrictions on associates of Indian online pharmacy over fentanyl-linked counterfeit drugs
State Department says network sold counterfeit fentanyl-linked prescription pills to buyers in US Packets of fentanyl mostly in powder form and methamphetamine, which U.S. Customs and Border Protection say they seized from a truck crossing into Arizona from Mexico, is on display during a news conference at the Port of Nogales, Arizona, U.S., January 31,…
Imran sisters again denied jail meeting
Aleema Khan later told reporters that being denied a meeting was contempt of court ISLAMABAD: Sisters of former prime minister Imran Khan and the K-P Chief Minister Sohail Afridi were once again denied a meeting with the PTI founder at Adiala jail on Tuesday. Aleema Khan later told reporters that being denied a meeting was…
Gold up Rs4,100 on global tensions
KARACHI: Gold prices in Pakistan rose sharply on Tuesday despite weakness in the international bullion market, as geopolitical tensions surrounding Iran and concerns over rising global inflation continued to drive uncertainty in commodity markets. In the local market, the price of gold per tola increased by Rs4,100 to settle at Rs492,462, according to rates issued…
Hantavirus outbreak renews painful memories for Patagonian village
Recent hantavirus outbreak on MV Hondius cruise ship, hard memories have resurfaced for 33-year-old A drone view of the cruise ship MV Hondius, carrying passengers suspected of having cases of hantavirus on board, as it prepares to leave Praia, Cape Verde, May 6, 2026.PHOTO: REUTERS Mailen Valle lost her father and two sisters during a…
Senate spars over rising terror attacks in K-P
Senator Rehman criticised ‘the government’s indifference’ to the worsening law and order situation in K-P ISLAMABAD: The Senate on Tuesday witnessed a heated exchange between the treasury and opposition benches over the escalating security situation in Khyber-Pakhtunkhwa, as JUI-F Senator Attaur Rehman questioned whether the province had effectively been “handed over to terrorists”. Taking the…
Oil prices slip on teetering Iran ceasefire as Trump heads to China
Brent drops to $106, WTI to $101 as fragile Iran ceasefire, Trump-Xi summit fuel market uncertainty An oil tanker anchors near the oil hub of the port of Fos-Lavera at sunset near Marseille, southern France. PHOTO: REUTERS Oil prices fell on Wednesday, snapping a three-day rally as investors awaited developments around the fragile Middle East…
Trump says he does not need China’s help to end Iran war
U.S. President Donald Trump speaks to the press, ahead of departing the White House for Joint Base Andrews en route to Beijing, China, in Washington, DC, US, May 12, 2026. PHOTO: REUTERS US President Donald Trump said on Tuesday he does not think he will need China’s help to end the war with Iran, even as…
NDMA issues alert for severe weather
Directs provincial and district authorities to remain on high alert and ensure emergency preparedness measures ISLAMABAD: The National Disaster Management Authority on Tuesday issued a detailed weather outlook for May 12 to 17, warning of widespread rain, thunderstorms, hailstorms, flash floods and landslides in several parts of the country. It directed provincial and district authorities…
PSX ends lower amid choppy trading
KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday witnessed a mixed yet largely negative session as investors remained cautious amid geopolitical uncertainty surrounding US-Iran peace negotiations. After commencing trading on a firm footing, the benchmark KSE-100 index moved higher in early trade as renewed buying interest pushed the market to the intra-day high of 171,571.56…
