ogood2054

NA panel approves SEZ land giveaway

National Assembly. PHOTO: RADIO PAKISTAN ISLAMABAD: The National Assembly Standing Committee on Finance on Thursday approved a bill to give state land on lease free of cost to private developers for the development of special economic zones (SEZs) and barred courts from taking cognisance of commercial legal disputes related to these zones. The committee approved…

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Qatar LNG flows may normalise in three years

ISLAMABAD: A parliamentary body was informed on Thursday that the country’s fuel supply could face further disruptions if regional tensions escalate, given the country’s heavy reliance on imports from the Gulf. The warning came during a meeting of the Senate Standing Committee on Petroleum, chaired by Manzoor Kakar, where officials briefed lawmakers on the status…

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Solar net metering helps avert daytime outages

ISLAMABAD: The dying solar net metering has rescued Pakistan from daytime load shedding at a time when the country is undergoing the worst power crisis. Meanwhile, the authorities have ramped up furnace oil-based power generation to full capacity while delaying scheduled maintenance at nuclear plants in an effort to sustain electricity supply amid worsening LNG…

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Pakistan sets the stage for next round of talks

CDF Munir, Iran’s president, top brass discuss de-escalation; PM, Qatari Emir stress regional stability ISLAMABAD: Chief of Army Staff and Chief of Defence Forces Field Marshal Syed Asim Munir on Thursday held a series of high-level meetings in Tehran with Iran’s top political and military leadership, including President Masoud Pezeshkian, as part of Islamabad’s efforts…

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Gas pipeline blast kills 8 in Haripur

HARIPUR: A gas pipeline leak in the Hattar Industrial Estate triggered a powerful explosion and fire late at night, leaving eight people, including women and children, burnt to death, while several others sustained injuries, officials said on Thursday. A massive rescue operation prevented further loss of life. According to district authorities, the blaze erupted after…

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US, Iran edge closer to deal

Trump says has ‘a lot of agreement with Iran’ Announces 10-day truce between Israel, Lebanon Hegseth warns mil A staff member removes the Iranian flag from the stage after a group picture with foreign ministers and representatives of the US, Iran, China, Russia, Britain, Germany, France and the European Union during Iran nuclear talks at…

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SBP receives $2 billion Saudi credit

State Bank of Pakistan. Photo: File ISLAMABAD: Pakistan has received a $2 billion financial inflow from Saudi Arabia, offering timely relief to its foreign exchange reserves just as the country prepares to repay $3.5 billion to the United Arab Emirates (UAE) this month, officials confirmed on Thursday. The State Bank of Pakistan (SBP) verified the…

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Nawaz-led body to screen G-B, AJK hopefuls

. Former prime minister Nawaz Sharif. Photo: Screen grab LAHORE: The PML-N has constituted parliamentary boards for the upcoming elections in G-B and AJK, assigning them role in selecting candidates. The boards will operate under the leadership of party president Nawaz Sharif. The parliamentary boards will be authorised to finalise candidates contesting the elections and…

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