PM directs petroleum minister to go to Karachi, negotiate diesel price cut with local oil refineries

Prime Minister Shehbaz Sharif chairs a meeting with Petroleum Minister Ali Pervaiz Malik and other officials in Islamabad, directing the minister to travel to Karachi and hold talks with oil refineries to secure relief on fuel prices. SCREENGRAB Prime Minister Shehbaz Sharif on Wednesday directed Petroleum Minister Ali Pervaiz Malik to travel to Karachi immediately…

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Pakistan’s repayment of UAE deposit signals improving external stability: analysts

Says Pakistan’s clear capability to fulfil commitments reinforce mutual trust rather than any strain Pakistan-UAE flags. Photo: File The reimbursement of matured long-term foreign deposits to the United Arab Emirates (UAE) reflects Pakistan’s improving external liquidity position, economic stability, and enhanced policy credibility, besides the capacity to honour its international obligations without compromising macroeconomic fundamentals,…

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PML-N wins six reserved seats, set to form AJK govt

With the addition of reserved seats, support of Awam Dast-e-Bazu, the party’s strength reaches 32 ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) won six of the eight reserved seats in the Azad Jammu and Kashmir (AJK) Legislative Assembly on Monday, taking its total strength in the 53-member house to 32. The Pakistan Peoples Party (PPP) won…

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SBP injects Rs11.6tr into banking system

KARACHI: The State Bank of Pakistan (SBP) injected approximately Rs11.6 trillion into the banking system on Monday through a reverse repo auction conducted as part of its Open Market Operations. According to data compiled by AKD Securities from the SBP’s figures, the central bank received total offers of Rs11,777 billion and accepted Rs11,613 billion across…

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Pakistan to continue ‘sincere efforts’ for peace, PM tells Pezeshkian after setback in US-Iran talks

Welcomes Iran’s engagement in Islamabad talks, reaffirms support for sustained dialogue and diplomacy PM Shehbaz (right) holds talks with Iranian President Masoud Pezeshkian (left) on US-Iran ceasefire Prime Minister Shehbaz Sharif on Saturday told Iranian President Masoud Pezeshkian that Pakistan would continue its “sincere and serious” efforts for peace in the region after the latest…

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