Malik says daily fuel pricing will ensure transparency, reduce political intervention

Minister for Petroleum and Natural Resources Ali Pervaiz Malik speaks during an interview with Reuters, during the Pakistan Minerals Investment Forum 2025, in Islamabad, Pakistan April 8, 2025. Photo: Reuters Minister for Petroleum Ali Pervaiz Malik on Saturday defended the government’s decision to introduce daily petroleum price adjustments, saying the new mechanism would help curb…

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The challenges facing UK’s next PM Andy Burnham

Burnham faces limited options amid weak growth, high debt and strict rules on taxes and spending Andy Burnham reacts as he speaks after being confirmed as the Labour Party’s new leader and the country’s next Prime Minister, during ‘Labour’s Special Conference’ in London, Britain, July 17, 2026. HENRY NICHOLLS/Pool via REUTERS Andy Burnham, who is…

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Pakistan, Kuwait call for de-escalation amid widening US-Iran conflict

Dar, Kuwaiti FM urge restraint, respect for sovereignty and implementation of Islamabad MoU amid tensions A combination of file photos featuring Kuwait’s Deputy Prime Minister and Foreign Minister Senator Ishaq Dar and Kuwait’s Foreign Minister Sheikh Jarrah Jaber Al-Ahmad Al-Sabah Pakistan and Kuwait on Saturday stressed the urgent need for de-escalation in the Middle East…

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FinMin targets corporate debt market gaps

ISLAMABAD: The corporate debt market in Pakistan remains underdeveloped relative to the economy’s financing needs, even as the equity market has shown encouraging progress, Finance Minister Muhammad Aurangzeb observed while chairing a meeting of the Capital Market Development Council (CMDC) on Friday. According to a statement, the minister stressed the need to deepen the debt…

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Bangladesh’s enduring love for Argentina

DHAKA: There are rooftops draped in blue and white and murals of Lionel Messi everywhere — but this is not Argentina, it is Bangladesh where football-crazy fans are again celebrating their unique bond with the South American giants. The craze for Argentina has endured for decades in a country of 170 million people who have…

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Search for ‘expert’ mountaineer continues after GLOF affects seven in Swat: Rescue 1122

Swat’s missing mountaineer Mian Syed Ali Shah. Photo: Express A search operation was underway on Saturday to trace a mountaineering guide who went missing after a Glacial Lake Outburst Flood (GLOF) affected seven people trekking Falak Sar Peak in Khyber-Pakhtunkhwa’s Swat district, Rescue 1122 said. “Swat’s legendary mountaineer Mian Syed Ali Shah was climbing Falak Sar…

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Govt borrowed $27.2b in FY26

The coalition government took over $27 billion in foreign loans during the last fiscal year, including $9 billion in rollovers by China and Saudi Arabia, predominantly to finance the budget, retire debt and build foreign exchange reserves, official statistics showed. The provisional foreign economic assistance report released by the Ministry of Economic Affairs on Friday,…

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