Deputy Prime Minister and Foreign Minister Ishaq Dar with Foreign Minister of Uzbekistan Bakhtiyor Saidov. Photo: MOFA/Website Foreign Minister of Uzbekistan Bakhtiyor Saidov on Saturday appreciated Pakistan’s role in mediation efforts for peace in the Middle East and discussed bilateral ties in a call with Deputy Prime Minister and FM Ishaq Dar. According to the…
KARACHI: Pakistan’s short-term inflation accelerated sharply, with the Sensitive Price Indicator (SPI) rising 14.52% year-on-year for the week ended May 14, reflecting mounting pressure on household budgets from soaring fuel, wheat flour and utility costs owing to the spillover effects of the Israel-US war on Iran and supply disruptions. The weekly SPI also increased 0.47%…
KARACHI: Gold and silver prices declined in both international and domestic markets on Saturday. In the international bullion market, the price of gold fell by $6 per ounce to $4,539. According to the All-Pakistan Gems and Jewellers Sarafa Association, in the local market, the price of gold per tola decreased by Rs600 to Rs476,262. The…
ISLAMABAD: The Supreme Judicial Council (SJC) has sought explanations from two high court judges over complaints of alleged misconduct filed against them. It is learnt that the SJC, headed by Chief Justice of Pakistan Yahya Afridi, has formally asked both judges to respond to the allegations. One of the judges is currently serving at the…
The government wants to accelerate economic growth to lower rising poverty and unemployment, but the IMF was of the view that Pakistan has not yet reached a stage where it can afford sustainably higher economic growth. PHOTO: Reuters ISLAMABAD: The International Monetary Fund (IMF) has set the petroleum levy target for the next fiscal year…
Pezeshkian expresses appreciation to Pope Leo for his ‘moral and logical stance on military aggressions against Iran’ Iran’s Foreign Minister Abbas Araghchi looks on after he delivered a speech during a session of the United Nations Conference on Disarmament, on the sideline of a second round of US-Iranian talks with Washington in Geneva, on February…
ISLAMABAD: “We should be informed within three days first, when a meeting with Imran Khan will take place and second, when he will be allowed, with his family’s consent, to seek medical treatment of his choice. Otherwise, if this Assembly does not function from Monday onward, we will not be responsible.” These were the remarks of…
Governor says remittances set to cross $41b, new currency notes sent to cabinet for approval KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad on Friday declared that Pakistan’s economy had undergone a remarkable turnaround over the last three years, with foreign exchange reserves soaring from a critically low $3 billion to $17 billion, remittances…
Hwang Jong-woo says waterway is an international shipping route where free navigation must be guaranteed South Korea flag. PHOTO: ANADOLU AGENCY South Korea’s oceans minister is opposed to Iran’s reported move to impose fees on ships passing through the strategically vital Strait of Hormuz, calling the action a violation of international law, media reports said…
ISLAMABAD: Amid the Iran-US conflict, the National Electric Power Regulatory Authority (Nepra) has approved additional electricity import from Iran to meet demand in Balochistan. Under a formula Pakistan will have to pay 9.2 US cents for every unit (kWh) of electricity to Iran if the price remains below $100 per barrel. The per-unit cost could…