Qaiser Sheikh terms 30-year extension without bidding illegal; cabinet referred matter back ISLAMABAD: Investment Minister Qaiser Sheikh has termed a 30-year lease extension for the Engro VoPak Terminal a violation of public procurement rules and said it would damage the promotion of petrochemical industries, in a move that could result in a review of the…
Agreed rules allow European Commission to suspend tariff preferences if US continues to impose tariffs above 15% US and European Union flags and a “tariffs” label are seen in this illustration taken April 10, 2025.PHOTO: REUTERS The European Parliament on Tuesday gave its final backing to legislation implementing the European Union-United States trade agreement reached…
Defence minister says improvement in Pak-Iran relations, easing of sanctions on Tehran can create opportunities Defence Minister Khawaja Asif addressing the National Assembly. SCREENGRAB Defence Minister Khawaja Asif on Tuesday said Pakistan’s economy had moved “out of the ICU” and is now showing signs of recovery, adding that the country could achieve 6–7% growth in…
US pizza chains face weak demand as inflation, high costs and GLP-1 drugs push healthier eating A view of a Pizza Hut store, in London, Britain, December 30, 2024.File PHOTO: REUTERS Yum Brands said on Tuesday it would sell its Pizza Hut chain for $2.7 billion, as the unit struggles with stiff competition in the fast-food…
Announces deeper migration cooperation and commits an additional £8m to tackle crime and illegal migration DPM/FM Ishaq Dar meets Hamish Falconer MP Parliamentary Under-Secretary of State at the FCDO. Photo: X British Parliamentary Under-Secretary for the Middle East, Afghanistan and Pakistan, Hamish Falconer, praised Pakistan’s critical role in brokering a ceasefire between the United States…
Says nationwide coordination among mosques, seminaries, and religious boards may play key role in countering terrorism Minister of State for Interior Talal Chaudhry and Interior Minister Mohsin Naqvi addrssing a meeting of Paigham-e-Aman Committee. SCREENGRAB Interior Minister Mohsin Naqvi on Tuesday called for stronger coordination between the state and religious scholars, urging them to play…
LAHORE: Pakistan is losing hundreds of millions of dollars in export revenue every month, not because of foreign tariff wars or global trade conflicts, but because of the uncertainty generated by its own policymaking machinery, according to a new study released by economists Azam Chaudhry and Gul Andaman of the Lahore School of Economics (LSE)….
NEET exam stands scrapped following allegations that question paper was leaked in advance India blocked access to Telegram messenger on Tuesday ahead of a retest of a nationwide medical college entrance examination, after a scandal last month over a question paper leak. The failure of the hugely competitive exam, along with a separate marking fiasco…
PM Shehbaz Sharif says security forces, police, CTD are achieving significant successes in fight against terrorism The Punjab Counter Terrorism Department (CTD) killed five terrorists during an intelligence-based operation (IBO) in a border area near Attock. The department had received credible intelligence that terrorists present in the area had finalised plans to carry out attacks…
Leading business and industry associations on Monday expressed disappointment over the State Bank of Pakistan's (SBP) decision to maintain the policy rate at 11.5%, arguing that the move would continue to burden businesses with high borrowing costs and slow the pace of economic recovery. The criticism came shortly after the SBP's Monetary Policy Committee (MPC)…