Minister orders halt to costly power purchases

ISLAMABAD: Federal Minister for Power Division Sardar Awais Ahmed Khan Leghari has taken serious notice of power off-take from small power producers (SPPs) and captive power plants (CPPs) by distribution companies (DISCOs) at tariffs exceeding the prevailing national merit order, according to a statement issued on Wednesday. The matter was revealed during a stock-taking of…

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PM Shehbaz meets astronauts selected for human space mission, calls it historic milestone

Astronauts express gratitude for opportunity, term their participation honour and a source of pride for Pakistan Prime Minister Shehbaz Sharif meets Pakistani Astronauts in Islamabad on April 23, 2026. Photo: PMO Prime Minister Shehbaz Sharif on Thursday met Pakistani astronauts Khurram Daud and Muhammad Zeeshan Ali, selected for a human space mission by China, and…

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Future of warfare being written in Indian Ocean: naval chief

Warns that any disruption in the ocean could significantly impact global supply chains and energy prices Chief of the Naval Staff Admiral Naveed Ashraf, as chief guest, addresses an international conference, stressing collaboration between industry, academia and end-users to promote innovation, indigenisation and self-reliance. Photo: X Chief of the Naval Staff Admiral Naveed Ashraf on…

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Auto parts makers seek consultations

LAHORE: The Pakistan Association of Automotive Parts & Accessories Manufacturers (Paapam) has voiced concern over reports that the draft Automobile & Auto Parts Manufacturing Policy (2026-31) is being forwarded to the International Monetary Fund (IMF) without meaningful consultation with the Engineering Development Board (EDB), parts vendors and other key industry stakeholders. In a statement, Paapam…

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Chinese ambassador praises Pakistan’s diplomatic efforts for peace in meeting with PM Shehbaz

PM expresses satisfaction over what he described as the ‘positive trajectory’ of Pakistan-China relations China’s Ambassador to Pakistan, Jiang Zaidong, calls on Prime Minister Shehbaz Sharif on Thursday. PHOTO: SCREENGRAB Chinese Ambassador to Pakistan, Jiang Zaidong, on Thursday lauded Pakistan’s diplomatic efforts for peace in the Middle East during a meeting with Prime Minister Shehbaz Sharif,…

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Gold dips Rs1,200 despite global rebound

KARACHI: Gold prices in Pakistan declined on Wednesday, diverging from gains in the international market, where bullion rebounded from a more than one-week low, supported by softer US Treasury yields and fresh bargain hunting amid geopolitical uncertainty. In the local market, the price of gold per tola fell by Rs1,200 to settle at Rs498,962, according…

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Machida Zelvia’s remarkable journey

Machida supporters wave flags during a home match in 2024. Photo: AFP TOKYO: Japan’s Machida Zelvia shared their clubhouse with senior citizens doing fitness classes less than a decade ago. Now they’re one win away from being Asian champions. The team from the Tokyo suburbs will look to complete their remarkable transformation from non-league nobodies…

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