Rs419b uplift projects recommended to ECNEC

CDWP approves Rs16.9b schemes, power sector modernisation, urban land systems among key initiatives ISLAMABAD: The Central Development Working Party (CDWP) has recommended six major development projects with a cumulative cost of Rs418.761 billion to the Executive Committee of the National Economic Council (ECNEC) for further consideration, while approving six schemes worth Rs16.904 billion. The meeting,…

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US Supreme Court limits ban on gun ownership by marijuana users

Trump administration defends law, softens position mid-case on banning marijuana users from owning guns Pistols are displayed during the National Rifle Association annual meeting in Atlanta, Georgia, US. Photo: Reuters The US Supreme Court on Thursday limited the application of a decades-old federal law that bars firearms possession by certain drug users, rejecting a position taken by President Donald…

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Gold prices in Pakistan Today

KARACHI: Gold price witnessed a sharp decline in global and local markets on Friday. In the international bullion market, the price of gold per ounce fell by $149 to $4,156. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). In the local market, the price of gold per tola decreased by Rs14,900 to Rs438,036….

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Info ministry rejects Afghan Taliban-linked claims of cross-border drone strikes

Statement calls out Taliban for attempting to divert attention from militant activity originating from Afghanistan The information ministry on Friday strongly rejected claims circulating from Afghan Taliban-linked propaganda channels alleging cross-border drone strikes on alleged Islamic State – Khorasan Province (ISKP) camps inside Pakistan, calling the reports “false as usual”. In a fact-check statement posted…

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Industry urges targeted policy over tariff model

Experts warn 15% compression without energy, credit, logistics reforms may backfire LAHORE: Local industry has asked policymakers to design a targeted, disciplined, performance-based and time-bound industrial policy. Policymakers are currently pushing for a maximum 15% tariff cap, which is based entirely on a trade simulation model despite the fact that this model has not undergone…

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