LAHORE: Pakistan’s economic growth stands at 3.1% this fiscal year, but a brutal global energy shock is threatening to drag that figure down further, with millions of the country’s poorest citizens already paying the price. That is the central finding of the Lahore School of Economics’ latest quarterly assessment for Financial Year 2025-26, released by…
Both leaders described the day as one of the most significant moments in Islamic history ISLAMABAD: President Asif Ali Zardari and Prime Minister Shehbaz Sharif on Thursday called upon the nation to draw inspiration from the enduring message of Karbala, urging people to uphold the values of truth, justice, patience, sacrifice and moral courage exemplified…
. BALTIMORE: Silver has lost roughly half its value since peaking at an all-time high in January amid a broad shakeout in precious metals prices. But it has also dropped by more than a third against gold, and data suggests it is knocking on the door of levels that could spark further losses against the…
Date, time and place of Talb-e-Muwathibat (immediate demand) must be specifically pleaded and proved ISLAMABAD: The Supreme Court has ruled that in a suit for the right of pre-emption, the date, time and place of Talb-e-Muwathibat (immediate demand) must be specifically pleaded and proved, holding that failure to fulfill this mandatory legal requirement is fatal…
ISLAMABAD: Pakistan has failed to attract foreign oil suppliers to set up bonded oil storages due to issues in a 2023 policy, sources told The Express Tribune. The government is now amending the policy to create a favourable environment for foreign suppliers. The Iran-US war exposed Pakistan to oil shortages when Iran closed the Strait…
Singapore-flagged Ever Lovely hit on starboard side, initial inspections showed damage to the bridge windows Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 24, 2026. REUTERS The UN International Maritime Organisation paused its operation to escort ships through the Strait of Hormuz on Thursday after a vessel reported an attack, reigniting concerns about…
Implementation of the nearly Rs18.71 trillion federal budget for FY2026-27 will officially begin on July 1 ISLAMABAD: President Asif Ali Zardari on Thursday signed the Finance Bill 2026-27 after its passage by parliament, clearing the way for the federal budget to come into force from July 1 following its publication in the official gazette. With…
73% of investors endorse Pakistan but ranking falls from 7th to 9th in regional rankings KARACHI: Pakistan’s foreign direct investment (FDI) is facing a paradox: foreign investors have become increasingly optimistic about Pakistan’s economic prospects and are more willing to recommend the country as a destination for fresh FDI, but the country continues to lag…
KARACHI: Amid growing discussions over the potential easing of sanctions on Iran, attention has once again turned to reviving Pakistan-Iran trade, with both countries having previously expressed ambitions to increase bilateral trade to $10 billion. Pakistan and Iran enjoyed robust trade relations before sanctions on Tehran intensified more than a decade ago, with bilateral trade…
LAHORE: Pakistan is increasingly being recognised as a global ‘peacemaker’ and an emerging ‘middle power’, following its mediation role to end the war between the United States and Iran, Deputy Prime Minister and Foreign Minister Ishaq Dar said on Thursday. Speaking to the media at Data Darbar in Lahore, Dar said the country’s role in…