Biometric cure for circular debt?

KARACHI: Pakistan’s energy sector has continued to operate under the persistent shadow of circular debt. Around the start of the fiscal year, the amount stood close to Rs1.7 trillion for the power sector and Rs2.6 trillion for gas, with subsequent data showing that the number would only increase. Recoveries may or may not have improved,…

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Foolproof security set for Islamabad talks

Interior Minister Mohsin Naqvi addresses a press conference in Islamabad on Saturday. — SCREENGRAB ISLAMABAD: Interior Minister Mohsin Naqvi assured US Charge d’Affaires to Pakistan Natalie Baker on Thursday of foolproof security ahead of the arrival of high-level foreign delegations in Islamabad on Friday for the US-Iran ceasefire talks. The meeting came a day after…

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Shooting reported near White House complex

. HAMILTON: The US Secret Service confirmed Monday that its personnel are responding to an officer-involved shooting near the White House complex in Washington, DC. “US Secret Service personnel are on the scene of an officer-involved shooting at 15th Street and Independence Avenue in Washington, DC,” said the Secret Service in a post on US…

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LCCI urges fair tax targets, higher PSDP

Proposes 4?5% FBR revenue increase, 10?12% defence rise, and removal of infrastructure cess LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has presented its shadow budget for fiscal year 2026?27 and urged the government to design a balanced, business?friendly federal budget, according to a statement issued on Monday. LCCI President Faheemur Rehman Saigol said…

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Iran war and oil dominate BRICS meet in India

India, the world’s third-largest oil buyer, normally sources about half of its crude through the Strait of Hormuz India’s Foreign Minister Subrahmanyam Jaishankar addresses the BRICS foreign ministers’ meeting at Bharat Mandapam in New Delhi, India May 14, 2026. PHOTO: REUTERS BRICS foreign ministers, including Iran’s Abbas Araghchi and Russia’s Sergei Lavrov, met in New…

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Balochistan unveils Rs1.089tr budget, targets Rs170b in revenue

Balochistan Finance Minister Mir Shoaib Nosherwani presents the provincial budget for the fiscal year 2026-27 in the Balochistan Assembly on Wednesday. Photo: NNI The Balochistan government on Wednesday unveiled a Rs1.089 trillion budget for the fiscal year 2026-27, setting aside Rs206 billion for development spending, announcing the creation of 5,000 government jobs and projecting Rs771…

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K-P police seek federal security package

Package to focus on new police stations, strengthen security infrastructure, establish police posts, modern vehicles PESHAWAR: The Khyber-Pakhtunkhwa police have formally approached the federal government seeking a special package to address the deteriorating security situation in the province, particularly in its most sensitive southern districts. The package is expected to focus on constructing police stations,…

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