Pakistan’s oil market is fuelling the crisis

Govt must let prices reflect costs and replace blanket subsidies with targeted cash support Kerosene oil. ISLAMABAD: When war returns to the Middle East, oil stops being a commodity and becomes a headline. The latest bout of conflict has again injected fear into energy markets, lifted freight and insurance costs, and pushed crude benchmarks upward….

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Mohmand, Dasu dams costs surge by Rs1.6tr

Documents also showed a major increase in allocations for development of local communities affected by projects ISLAMABAD: The construction cost of the Mohmand Dam and Dasu Hydropower Project has increased by a combined Rs1.607 trillion, pushing the total estimated cost of the two mega hydropower projects from around Rs800 billion to nearly Rs2.4 trillion. According…

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Mega Project Launched to Link Margalla Road Directly to Motorway

The 2.7-kilometre-long project will feature a three-lane carriageway on both sides, along with a two-lane service road Interior Minister Mohsin Naqvi on Tuesday visits the site of the Margalla Road–Motorway extension project and inspects ongoing construction activities. PHOTO: APP Interior Minister Mohsin Naqvi on Tuesday visited the site of the Margalla Road–Motorway extension project, and…

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SC directs changes in Nikahnama

ISLAMABAD: The Supreme Court has directed the executive to take steps to add a separate column in the Nikahnama regarding the husband’s title or the title of any other person over the property to be given in dower. It noted that the husband and any other person who consented to the transfer/settlement of the dower…

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Govt mulls 20% windfall gain tax

ISLAMABAD: The government is considering proposals either seeking imposition of a windfall gain tax to take a pie out of the estimated Rs130 billion profit being earned by oil sector companies during war time or a mechanism to pay back to consumers after recovering the money from these entities. Prime Minister Shehbaz Sharif has constituted…

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Dar, Saudi FM discuss Lebanon ceasefire violations in phone call

DPM appreciates Saudi Arabia’s continued support for Pakistan’s efforts towards achieving lasting peace Deputy Prime Minister Mohammad Ishaq Dar discussed current situation of region with Saudi Foreign Minister Prince Faisal bin. PHOTO: RADIO PAKISTAN Pakistan and Saudi Arabia expressed deep concern over ceasefire violations in Lebanon on Thursday, according to the Ministry of Foreign Affairs…

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K-Electric, HESCO to be excluded from govt’s daily loadshedding plan: Power Division

K-Electric and the Hyderabad Electric Supply Company (HESCO) will be excluded from the federal government’s daily loadshedding plan, the Power Division’s spokesperson said on Tuesday. Earlier today, the division said that due to rising electricity demand during peak hours, electricity would be suspended for around 2.25 hours daily between 5pm and 1am countrywide under its…

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Dialogue remains ‘most effective tool’ to bridge differences, Pakistan tells UN

Says interfaith harmony, diversity, peaceful coexistence and dialogue drivers of Pakistan’s foreign policy Pakistan’s Permanent Representative to the UN, Ambassador Asim Iftikhar Ahmad addressing the a high-level United Nations event marking the International Day for Dialogue among Civilisations. SCREENGRAB Pakistan’s Permanent Representative to the UN, Ambassador Asim Iftikhar Ahmad, on Thursday called for deeper international…

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