‘New industrial power tariff optional’

Power Division says two-part policy offers lower variable rates, higher fixed charges; consumers free to stay on exist ISLAMABAD: The Power Division said on Thursday that the new two-part tariff policy for industries is optional, and industrial consumers will have the freedom to choose whether to opt for this alternative regime or remain on the…

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SBP’s forex reserves rise $43m to $17.19b

KARACHI: The State Bank of Pakistan’s (SBP) liquid foreign exchange reserves rose by $43 million to $17.190 billion compared to the previous week. Overall, the country’s total foreign reserves stood at $22.636 billion as of May 29, 2026, as per the latest data issued by the central bank. Breakdown shows that the net foreign reserves…

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Gold prices in Pakistan Today

KARACHI: Gold prices declined in local bullion markets on Friday after prices fell in the international bullion market. The price of gold in the international bullion market decreased by $14 per ounce to $4,453, resulting in a decline in domestic prices. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold…

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Six terrorists killed in Panjgur IBO: ISPR

Recover weapons, ammunition, IEDs, vehicles from terrorists, says military media wing Security forces conducted an intelligence-based operation (IBO) on June 3 and 4 in the Panjgur District of Balochistan, killing six Indian sponsored terrorists belonging to the Fitna al-Hindustan, the military’s media wing said on Friday. A statement from the Inter-Services Public Relations (ISPR) said…

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Appointments to key offices must be merit-based and transparent, FCC rules

Order says public appointments not to be made on subjective preference but through a process of merit, accountability ISLAMABAD: The Federal Constitutional Court (FCC) ruled on Thursday that the appointments to important public offices must demonstrably conform to constitutional standards of fairness, transparency, institutional integrity, and merit-based governance. “Public authority cannot be exercised on undisclosed…

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PIA to resume Islamabad-Beijing flights from July 3

Revival of route comes amid growing demand from students, business professionals, tourists Pakistan International Airlines (PIA) on Friday announced the resumption of its direct flight service between Islamabad and Beijing, effective July 3, restoring a key air link between Pakistan and China and further reinforcing the longstanding ties between the two countries. The revival of…

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PSX gains 985 points on heavyweights

KARACHI: Pakistan Stock Exchange (PSX) rebounded on Thursday as the benchmark KSE-100 index closed higher despite volatile intra-day trading and persistent geopolitical uncertainty in the Middle East. The index gained almost 1,000 points to settle at 171,175, supported by strong buying in heavyweight stocks and improving market participation, according to brokerage houses. At the close…

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