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Uzbek FM lauds Pakistan’s constructive role in mediation, discusses bilateral ties with Dar

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…

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Fuel, flour prices push SPI to 14.5%

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%…

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Gold prices in Pakistan Today

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…

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SJC seeks explanations from two HC judges

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…

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IMF sets Rs1.73tr petroleum levy target for FY27

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…

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Beleaguered opposition’s political dilemma

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…

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External account healthier despite global turmoil: SBP

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…

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NEPRA clears extra Iran power imports

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…

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