Economists urge SBP to hold rate at 11.5%
Core inflation stays above 8% as PIDE report warns of oil price shock, external risks…
Economists urge SBP to hold rate at 11.5%
Core inflation stays above 8% as PIDE report warns of oil price shock, external risks KARACHI: With inflation cooling but still refusing to settle, and an uneven economic recovery leaving little room for another monetary squeeze, economists have recommended that the State Bank of Pakistan (SBP) keep its policy rate unchanged at 11.5% at its…
Security forces kill 16 terrorists in Operation Al-Azm in Balochistan
Security sources say forces destroyed multiple militant hideouts, recovered weapons and explosive material Security forces have killed 16 terrorists in ongoing intelligence-based operations under Operation Al-Azm in Balochistan, where multiple militant hideouts have also been destroyed and weapons and explosives recovered, security sources said on Sunday. The intelligence-based operations have been launched in the aftermath…
India to continue US trade talks despite 10% tariff
MUMBAI: India said on Saturday it would continue engaging with the United States to conclude a bilateral trade agreement, after Washington imposed a 10% tariff on imports from the South Asian nation under new trade measures. The Trump administration on Friday unveiled fresh duties of between 10% and 12.5% on goods from 60 trading partners,…
Iran says progress made in talks with Oman on Hormuz shipping mechanisms
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 18, 2026—REUTERS Iran said on Sunday it made progress in talks with Oman on operational mechanisms to ensure the safe passage of ships through the Strait of Hormuz, stressing there has been no change in maritime traffic through the strategic waterway. Foreign Ministry…
Fruit bagging attracts buyers
CREDIT LINE: The minister emphasised that institutions such as the Exim Bank of Pakistan should provide greater financial support to clusters of cottage industries and small-scale processors, enabling them to adopt modern technologies. PHOTO:FILE ISLAMABAD’: Pakistan’s fruit bagging programme has received encouraging feedback from premium international markets in the wake of enhanced quality and marketability…
NAB launches inquiry into PSM land allotment
. KARACHI: NAB has initiated an inquiry into the alleged irregular allotment of five acres of state land in Karachi’s Malir area to a private company as part of its ongoing investigations related to the Pakistan Steel Mills (PSM). According to sources, the five-acre government land was leased to the private company for 99 years….
ECC approves Rs4.2b PASSCO package
ISLAMABAD: The government has approved a Rs4.188 billion severance package for employees of the Pakistan Agricultural Storage and Services Corporation (Passco), linking its implementation to the disposal of wheat stocks and third-party validation as part of plans to wind up the state-owned entity. The Economic Coordination Committee (ECC) of the Cabinet approved the severance package…
LHC grants bail in Libya boat tragedy case
LAHORE: LAHORE The Lahore High Court (LHC) has granted post-arrest bail to a man accused in a human-smuggling case linked to a migrant boat that capsized off the Libyan coast, killing 73 people. The court ruled that the mere transfer of money into an accused’s bank account is insufficient to establish guilt unless it is…
Pak committed to regional peace: interior minister
. ISLAMABAD: Pakistan reaffirmed its commitment to regional peace and economic growth as Interior Minister Mohsin Naqvi met with British House of Lords member Lord Zamir Choudrey in Islamabad, where both leaders discussed regional stability and investment opportunities. During the meeting, Lord Zamir Choudrey praised Pakistan’s efforts to promote peace in the region, commending the…
IHC declares Imaan’s plea maintainable
ISLAMABAD: The Islamabad High Court (IHC) has declared the sentence suspension petitions filed by lawyer Imaan Mazari and her husband Hadi Ali Chattha maintainable, rejecting the prosecution’s objections regarding their admissibility. Justice Muhammad Azam Khan announced the reserved verdict on Saturday, dismissing the prosecution’s miscellaneous application that challenged the petitions’ maintainability. Following its ruling on…
