Govt approves sale of 30% PNSC shares

ISLAMABAD: The government announced on Tuesday that it had given in-principle approval for selling 30% shares of Pakistan National Shipping Corporation (PNSC) to National Logistics Corporation (NLC) along with management control, kicking off the process to meet formalities. It also announced a technical supplementary grant “amounting to Rs160 million for repair and maintenance of the…

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Bilawal orders PPP Lahore restructuring

PPP chairman instructs party to begin preparations for local bodies elections during his visit to Lahore Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari. SCREENGRAB LAHORE: PPP Chairman Bilawal Bhutto Zardari has instructed the party’s Lahore chapter to immediately complete organisational restructuring down to the grassroots level and begin preparations for local bodies elections during…

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Inflation projected to hit 12.2% in May

Brokerage estimates transport index up 6.9%, food up 1.5% and SBP policy tightening KARACHI: Pakistan’s headline inflation is projected to rise to 12.2% year-on-year in May 2026 as mounting fuel and food prices outweigh relief from lower electricity charges, according to Optimus Capital Management. The brokerage expects the National Consumer Price Index (NCPI) to increase…

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Afridi stopped from meeting Imran at Adiala Jail

A medical examination of Imran completed at Adiala, and doctors follow up on his affected eye RAWALPINDI: The Islamabad Police on Tuesday prevented K-P Chief Minister Sohail Afridi from proceeding to Adiala Jail in Rawalpindi, where he intended to meet imprisoned PTI founding chairman Imran Khan. Afridi, who set off for the Rawalpindi prison earlier…

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SIFC steps in to revive Tuwairqi Steel

ISLAMABAD: The Special Investment Facilitation Council (SIFC) has stepped in to revive almost two-decade-old Tuwairqi Steel Mills project, owned by a Saudi group, by approving the supply of gas – a critical input for steel production. An agreement for setting up the mill had been signed during the tenure of Pervez Musharraf’s government but later…

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Pakistan’s rise unstoppable, says CDF Asim

RAWALPINDI: Chief of Army Staff (COAS) General Syed Asim Munir has said Pakistan’s destined rise cannot be obstructed through propaganda, fake news or externally sponsored terrorism, according to an Inter Services Public Relations (ISPR) news release. Field Marshal Munir, who is also the Chief of Defence Forces (CDF), was interacting with officers and troops of…

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IHC seeks certified SC copy in Imaan case

Hearing of Miscellaneous applications seeking early hearing of sentence suspension of the couples in the tweets case ISLAMABAD: The Islamabad High Court (IHC) on Tuesday raised an objection to the miscellaneous applications seeking early hearing of the sentence suspension pleas of lawyer Imaan Mazari and her husband Hadi Ali Chattha in the controversial tweets case….

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PSX stages modest rally, gains 1,092 points

KARACHI: Pakistan Stock Exchange (PSX) on Tuesday staged a modest rally as investors remained calm and engaged in healthy buying activity following recent losses. Positive sentiment prevailed after international oil prices fell nearly 2% in early Asian trade over US President Donald Trump’s statement that he had paused a planned attack on Iran to allow…

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