SBP to study impact of daily oil price changes

Chief economist says central bank should draw up plan to combat inflationary pressures ISLAMABAD: The government has directed the State Bank of Pakistan (SBP) to carry out a study to assess the impact of daily price revision of petroleum products on inflation in line with the international best practices and establish a mechanism to curb…

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Power consumers may face tariff hike

ISLAMABAD: Electricity consumers across Pakistan could face another increase in power bills next month after power companies sought a Rs1.20 per unit fuel cost adjustment (FCA) for August, citing higher generation costs driven largely by expensive imported fuels, particularly Regasified Liquefied Natural Gas (RLNG). If approved by the National Electric Power Regulatory Authority (Nepra), the…

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Security forces kill 32 terrorists in K-P, Balochistan operations: ISPR

Says 24 terrorists killed in Khyber district last night, 8 terrorists killed in Balochistan’s Nushki district Security forces killed 32 terrorists, including 24 in Khyber district of Khyber-Pakhtunkhwa (K-P) and eight in Balochistan’s Nushki district, during two separate intelligence-based operations, the military’s media wing said on Wednesday. The intelligence-based operations have been launched in the…

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Price eyes legacy bout

LONDON: Welterweight world champion Lauren Price believes there is no reason to delay a high-profile fight with American Claressa Shields, declaring that she is in her prime and ready to chase boxing immortality. After defeating Stephanie Pineiro to retain her WBC, WBA ‌and IBF titles in Cardiff this month, Briton Price went face to face…

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Govt orders seamless wheat movement

ISLAMABAD: The federal government has directed provinces and relevant departments to ensure uninterrupted inter-provincial movement of wheat for smooth supply of the staple commodity across the country. Federal Minister for National Food Security and Research Rana Tanveer Hussain chaired the 11th meeting of the National Wheat Oversight Committee to review the procurement drive, progress on…

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Barca eye title party in Liga Clasico

Barcelona are on the brink of the title and can claim it with a point in the Clasico on Sunday at Camp Nou. Photo: AFP/File BARCELONA: With the sting of Champions League disappointment fading but not forgotten, Barcelona are aiming to clinch back-to-back La Liga titles on Sunday when they host bitter rivals Real Madrid….

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'This is Kashmir, not Kashmore'

Former prime minister and PML-N President Nawaz Sharif on Friday advised PPP Chairman Bilawal Bhutto Zardari not to take political remarks personally, emphasising healthy political rivalry over bitterness. Nawaz Sharif, accompanied by Punjab Chief Minister Maryam Nawaz, addressed an election rally in Mirpur, about 258 kilometres from Muzaffarabad. They criticised rival parties for making lofty…

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