US-Iran tensions pose fresh risks as remittances, stocks surge but exports, FDI decline IMF projects 7.2% inflation this fiscal year, up from its earlier 6.3% estimate. PHOTO: PIXABAY ISLAMABAD: The Ministry of Finance has cautioned that renewed escalation in tensions between the United States and Iran could trigger volatility in global energy prices, trade flows…
. PESHAWAR: Municipal employees across Khyber-Pakhtunkhwa are grappling with a severe financial crisis as the Local Government Department has failed to release timely salaries and pensions to Tehsil Municipal Administration (TMA) staff. According to the employees, the chronic delay in fund releases has become a monthly ordeal, pushing many families toward hardship. They accuse the…
Son Heung-min answered questions about his form in convincing fashion on Saturday, netting twice as South Korea thrashed Trinidad and Tobago 5-0 in a World Cup warm-up friendly. The 33-year-old has been under some scrutiny ahead of the World Cup, with the forward yet to score for Los Angeles FC in Major League Soccer this…
DIGITALISATION: Over the medium term, the sector is expected to benefit from regulatory pushes towards a documented, cashless economy, which should structurally enhance the low-cost deposit base. PHOTO:FIL KARACHI: Pakistan’s commercial banking sector is expected to face a squeeze on profitability in the second quarter of 2026 as elevated provisions, narrowing margins and weaker non-funded…
Says Pakistan will continue to work closely with international partners to improve child health outcomes A delegation of Partnership for Lead Free Future and UNICEF called on Prime Minister Shehbaz Sharif. Photo: X Prime Minister Shehbaz Sharif on Thursday underscored the government’s commitment to protecting children’s health, prioritising polio eradication and addressing the growing risks…
LAHORE: Pakistan and Germany share longstanding friendly and economic relations, but significant untapped potential remains in trade diversification and investment expansion due to regulatory unpredictability, taxation complexity, lack of transparency and red tape, German Ambassador Ina Lepel said on Tuesday. Speaking at the Lahore Chamber of Commerce and Industry (LCCI), she noted that bilateral trade…
Energy (Power Division) Sardar Awais Ahmad Khan Leghari and Iranian Ambassador Dr Reza Amiri Moghaddam in Islamabad. Photo APP ISLAMABAD: Pakistan and Iran have agreed to strengthen energy cooperation, with work on a second cross-border transmission line expected to begin soon and discussions underway to expand the current 100 MW electricity supply arrangement, officials said…
Postpones Lahore, Karachi, Peshawar and Quetta sit-ins by a week, citing Independence Day celebrations Jamaat-e-Islami Emir Hafiz Naeemur Rehman. Photo: X/ File Jamaat-e-Islami (JI) has postponed the sit-ins scheduled for Sunday in Lahore, Karachi, Peshawar and Quetta and announced that nationwide sit-ins will now be held simultaneously on August 16. The decision was taken at…
Sindh Minister for Transport SharjeeL Inam Memon shares the pictures of double-deckers buses that have landed at Karachi port. PHOTO: X LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has directed the Punjab Enforcement and Regulatory Authority (PERA) to regulate liquefied petroleum gas (LPG) prices across the province. Presiding over a meeting, the chief minister also…
US sprint star Noah Lyles pulled up early in 200m race at the US athletics championships final. Photo: AFP NEW YORK: US sprint star Noah Lyles pulled up with cramp in the 200m final at the US athletics championships on Sunday, his bid for a title double undone as Garrett Kaalund claimed the victory. Lyles, who won…