Govt to end untargeted subsidies

ISLAMABAD: Pakistan has assured the International Monetary Fund (IMF) to end untargeted electricity subsidies for all residential consumers and give any further subsidies only through the Benazir Income Support Programme (BISP) as part of conditions agreed for a $1.2 billion climate support loan. This will impact residential consumers having up to 300 units of monthly…

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No funds without compliance, says Vance

WASHINGTON: US Vice President JD Vance said on Monday that Iran would not receive any funds simply for signing a framework agreement aimed at ending the war and reopening the Strait of Hormuz, insisting that any sanctions relief or access to frozen assets would depend on Tehran meeting strict nuclear commitments. Speaking in separate television…

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Another exchange loses licence over violations

. KARACHI: The State Bank of Pakistan (SBP) has cancelled the authorisation of M/s Time Exchange Company (Pvt) Limited with immediate effect due to serious violations of its regulatory instructions, according to a statement issued on Monday. The central bank said the exchange company, including its head office and all branches, has been prohibited from…

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Development budget cut by Rs173b

As 2025 comes to a close, the city grapples with consequences of unfinished development projects — broken roads, blocked sewers, and rising pollution continue to endanger public health. Photo: Express ISLAMABAD: The government has further deepened the cut on the development budget to Rs173 billion, or 17% of annual allocations. The move aims to offset…

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PM Shehbaz expresses solidarity with Qatari amir, urges de-escalation, dialogue for regional peace

Both review bilateral relations, reaffirm commitment to strengthen cooperation in areas including security, defence Qatari Minister of State for Foreign Affairs, Sultan bin Saad Al-Muraikhi receives Prime Minister Shehbaz Sharif at Doha Airport. PHOTO: PMO/X Prime Minister Shehbaz Sharif on Thursday expressed solidarity with Qatar and urged de-escalation and dialogue for peace in the Middle…

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PBKS IPL 2026 playoff qualification scenarios: Punjab Kings still in control despite worrying slide | Cricket News

Punjab Kings’ strong start is faltering with three consecutive losses, raising concerns about their playoff security. Sloppy fielding and a top-order batting collapse against Sunrisers Hyderabad highlighted recent struggles. While mathematically still in a good position, the team needs to quickly address these issues to avoid entering the playoffs with a losing momentum. Punjab remain…

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Hotel boom threatens Naran’s beauty

ISLAMABAD: Not long ago, travellers venturing past Naran into Batakundi would find themselves surrounded by slopes of vibrant green, wide-open meadows, and mountains stretching endlessly into the sky. But that landscape was changing, and quickly. Hotels, guesthouses, and private villas were steadily spreading across the valley. Where green spaces once defined the character of the…

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