ISLAMABAD: Pakistan has agreed with the International Monetary Fund (IMF) to close 70 bank accounts of government departments and transfer roughly Rs300 billion in balances to the national kitty, a move that could help consolidate public funds and reduce the cost of debt. Pakistan has also committed to reducing debt refinancing risks by increasing the…
ISLAMABAD: The Maritime Affairs Minister on Friday sought a detailed report on the hijacking of an oil tanker by pirates near Somalia, with 11 Pakistani crew members on board, and directed the relevant authorities to coordinate with the Foreign Ministry, Pakistan Navy and others for the recovery of the hostages. Initial details suggested that pirates…
Hussain outlines vision for climate-smart agriculture, regional cooperation at FAO conference ISLAMABAD: Pakistan has reaffirmed its strong commitment to advancing resilient, inclusive and sustainable agrifood systems during the 38th Ministerial Session of the Food and Agriculture Organisation (FAO), according to a statement issued on Friday. Federal Minister for National Food Security and Research Rana Tanveer…
KARACHI: The Sindh High Court (SHC) has declared that setting admission criteria for medical colleges, including minimum marks for the Medical and Dental College Admission Test (MDCAT), falls within the domain of the Pakistan Medical and Dental Council (PMDC). The provincial high court issued this order as it dismissed a petition seeking reduction in the…
Overall market participation was strong, as 1,066 million shares were traded with a total value of Rs. 49 billion. KEL led the volume chart, with 195.8 million shares..Photo: Express KARACHI: Stocks staged a strong recovery on Friday as the benchmark KSE-100 index rebounded from early losses, gaining around 1,500 points, with investor sentiment lifted by…
PCB chairman thanks the prime minister for this decision and for facilitating the fans PSL trophy symbolises cricket’s enduring values as discipline and respect remain central to success. Photo: PSL/FILE Prime Minister Shehbaz Sharif on Saturday took a major decision to allow cricket fans to attend the final of the Pakistan Super League (PSL) 11…
ISLAMABAD: In a move aimed at modernising public service delivery and improving accessibility, the National Database and Registration Authority (NADRA) has launched a revamped, feature-rich website designed to streamline identity-related services for citizens at home and abroad. The upgraded platform brings together a wide range of services – including Computerised National Identity Cards (CNIC), National…
SBP faces dilemma as supply-side pressures clash with need to protect 3.89% GDP growth KARACHI: Brokerage houses have suggested ahead of the State Bank of Pakistan’s (SBP) upcoming Monetary Policy Committee (MPC) meeting that a policy rate hike would be counterproductive and lead to overcorrection. In its latest preview, Arif Habib Limited (AHL) argued that…
Iranian foreign ministry spokesperson says Tehran’s concerns would be conveyed to mediator Pakistan Iranian Foreign Minister Abbas Araghchi talks with Foreign Minister Mohammad Ishaq Dar and Chief of Army Staff, Field Marshal Asim Munir during a meeting in Islamabad, Pakistan. PHOTO: MINISTRY OF INFORMATION US negotiators are scheduled to leave for Pakistan on Saturday, but Iran…
. KYIV: Ukrainian President Volodymyr Zelenskiy on Friday visited Saudi Arabia for the second time in a month, as Kyiv seeks to bolster security co-operation and advertise its battle-tested technology in the Middle East amid the Iran war. Zelenskiy said he discussed defence, energy and food security co-operation during a “very productive” meeting with Crown…