To cover losses, successive governments have increased electricity prices and imposed a Rs3.23 per unit surcharge to service debts taken for power distribution companies, pushing energy prices to the highest levels in the region. Photo: file ISLAMABAD: The Ministry of Energy’s Power Division on Friday warned electricity consumers against fraudulent schemes involving fake links and…
At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY KARACHI: Gold prices in Pakistan remained unchanged on Friday despite a decline in international bullion markets, where stronger oil prices and a firmer US dollar weighed on investor sentiment and increased expectations of another US interest rate hike. In the local market,…
Araghchi says despite deep mistrust toward US, Iran has re-entered the diplomatic process Iran’s Foreign Minister Abbas Araghchi attends a press conference at the Iranian embassy in New Delhi, India on May 15, 2026. PHOTO: REUTERS Iran on Saturday attributed difficulties in the Pakistan-mediated negotiations between Tehran and the United States to what it described…
Under PM’s leadership, the Government of Pakistan was taking positive steps to facilitate investors under the SIFC ISLAMABAD: Prime Minister Shehbaz Sharif on Friday said the government was prioritising measures to boost foreign investment, as the obstacles had already been cleared through the Special Investment Facilitation Council (SIFC). The prime minister, in a meeting with…
With millions of combustion vehicles plying across the province, a small official electric fleet will not reduce air pollution levels. PHOTO: PIXABAY LAHORE: Pakistan’s proposed New Energy Vehicle (NEV) policy, designed to accelerate the shift towards cleaner mobility by reducing emissions and oil imports, promoting transport electrification and developing a local EV ecosystem, is rapidly…
Armed security on a tanker near Socotra turned away a five-person small craft within 100 metres of the vessel World’s most strategic oil chokepoint Strait of Hormuz. PHOTO: REUTERS A product tanker sailing within 200 nautical miles west of the Yemeni Island of Socotra was approached by a small craft carrying five people, but turned…
In light of the World Health Organisation’s (WHO’s) declaration of the Ebola outbreak in Congo and Uganda as a global emergency, Pakistan has intensified screening measures at airports across the country, along with other precautionary steps. According to the Ministry of National Health Services, Regulations and Coordination on Saturday, Federal Health Minister Mustafa Kamal directed…
Market analysts caution that IMF-related measures in the upcoming FY2026 budget—particularly new taxes and adjustments in energy prices—may lead to a renewed spike in inflation. PHOTO: FILE KARACHI: Pakistan’s weekly inflation rose 14.47% year-on-year for the period ended May 21, 2026, as spillover effects from the US-Israel conflict with Iran continued to drive up fuel,…
Smoke rising from an explosion as the result of an Israeli strike in a populated area in Lebanon. PHOTO: ANADOLU AGENCY A new wave of Israeli strikes early Saturday damaged a hospital in the southern Lebanese city of Tyre, state news agency NNA reported. The raid caused extensive damage to Hiram Hospital, including operating rooms,…
Clashes began when JuA fighters were allegedly asked to surrender weapons, comply with directives from TTP commanders A photo of a TTP member. PHOTO: FILE PESHAWAR: Over a dozen terrorists were killed in intense clashes between the outlawed Tehreek-e-Taliban Pakistan (TTP) and its breakaway faction, TTP-Jamaatul Ahrar (JuA), as tensions escalated between commanders of the…