ISLAMABAD: The government reported on Tuesday that petroleum levy collection jumped by Rs371 billion, or 45%, during the first nine months of this fiscal year, as the International Monetary Fund (IMF) projects that Pakistan’s fiscal performance will be even better than in the pre war period. The federal government’s nine month petroleum levy collection amounted…
Defence minister warns Afghanistan of ‘open war’ if Kabul fails to act against terrorists Defence Minister Khawaja Asif speaks at the National Assembly on May 13, 2026. SCREENGRAB ISLAMABAD: Defence Minister Khawaja Asif on Wednesday warned Afghanistan that if Kabul failed to stop harbouring terrorists, Pakistan would respond in the same way it had against…
ISLAMABAD: The superintendent of Adiala Jail has opposed a request seeking meetings between former prime minister Imran Khan’s wife, Bushra Bibi, and her family members as well as access to a personal physician, arguing that such interactions were being used for political messaging outside the prison. In a written report submitted to the Islamabad High…
KSE-100 gains over 672 points in early trade; slumps over 900 points by midday as investors resort to profit-taking A stock broker reacts while monitoring the market on the electronic board displaying share prices during trading session at the Pakistan Stock Exchange, in Karachi on July 3, 2023. Photo: Reuters/ File KARACHI: Pakistan equities witnessed…
Christian worshippers mark Palm Sunday, following the cancellation of the traditional Palm Sunday procession from the Mount of Olives, amid restrictions on gathering in large groups and the US Israel conflict with Iran, at the Latin Patriarchate of Jerusalem in Jerusalem’s Old City March 29, 2026. PHOTO: REUTERS In Taybeh, one of the few Palestinian…
Prime Minister Shehbaz Sharif. Photo: APP/ File ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday reiterated that the development, prosperity and welfare of the people of Balochistan remained the federal government’s top priority. He expressed these views during a meeting with a delegation of senior politicians and members of the Senate from Balochistan at the Prime…
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…
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,…
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…
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…