Airline resumes service as regional tensions ease

Resumption comes after approximately 50 days of halted operations triggered by the Iran-US conflict The first PIA flight to Europe in over four years arrives at the terminal bay at Charles de Gaulle airport in Paris. Pakistan’s state-owned airline resumed flights to Europe after a four-year ban was lifted by EU regulators. Photo: videograb KARACHI:…

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Achakzai opposes permanent enmity in politics

LAHORE: Chairman Pakhtunkhwa Milli Awami Party (PkMAP) Mahmood Khan Achakzai opposed on Friday the permanent enmity in politics, claiming that the country is on the verge of destruction and the only way to put it on the right track is to be united as a nation. Addressing lawyers at the Lahore High Court Bar Association (LHCBA),…

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PSX drops 1,174 points on rate hike anxiety

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a subdued trading session on Monday as investors remained cautious ahead of the State Bank of Pakistan’s (SBP) monetary policy announcement. The benchmark index opened on a dull note and traded within a narrow range throughout the session, reflecting a clear wait-and-see approach across the board. The index…

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Backchannels bring Iran-US talks back on track

A staff member removes the Iranian flag from the stage after a group picture with foreign ministers and representatives of the US, Iran, China, Russia, Britain, Germany, France and the European Union during the Iran nuclear talks at the Vienna International Centre in Vienna, Austria July 14, 2015. PHOTO: REUTERS/FILE ISLAMABAD: Pakistan is set to…

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IMF okays 60% cut in gas levy

Sources said that the IMF observed the CPP levy should be seen as a punitive tool to discourage the use of gas in inefficient in-house plants. photo: file ISLAMABAD: The International Monetary Fund (IMF) has allowed Pakistan to modify the price formula used to determine the captive gas levy, which will reduce gas prices for…

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