Fuel expenses jump 39% to Rs22b
Govt spent Rs6b more than budgeted on fuel in FY25, car monetisation policy violated ISLAMABAD:…
Fuel expenses jump 39% to Rs22b
Govt spent Rs6b more than budgeted on fuel in FY25, car monetisation policy violated ISLAMABAD: Despite enforcing a car monetisation policy that gives cash for transport to top bureaucrats, the federal government’s annual budget expenditure on fuel jumped to nearly Rs22 billion – an increase of 39% – even before the Middle East war began,…
South Asian Games talks set for Islamabad
The South Asian Olympic Council (SAOC) Executive Committee will meet in Islamabad on Sunday to discuss preparations for the 14th South Asian Games, which Pakistan is scheduled to host early next year. Delegates from across the region have begun arriving in the Pakistani capital ahead of the meeting, which is expected to focus on preparations…
Australia lose four wickets after folding Bangladesh for 64
SYDNEY: Australia lost four wickets as Bangladesh fought back on day one of the second Test with the hosts 132-4 after tea after a Mitchell Starc masterclass skittled the visitors for just 64. Skipper Pat Cummins won the toss in Mackay and his bowlers feasted on a fine day, determined to bounce back from a…
PTI files contempt petition in SC over alleged violation of order on Imran’s hospital transfer
Petition seeks the court to declare respondents guilty of contempt of court, punish them in accordance with law PTI Founder Imran Khan. Photo: File ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Saturday filed a contempt of court petition in the Supreme Court (SC) over the alleged violation of the court’s Tuesday order concerning the transfer of founder…
Banks urged to focus on private credit
SBP governor says reorientation needed, cites low credit penetration despite Rs69tr assets SBP Governor Jameel Ahmed during a press conference. Photo: SBP Meta KARACHI: Governor State Bank of Pakistan (SBP) has urged banks to reorient their business models towards stronger retail deposit mobilisation and greater private-sector financing, emphasising that the banking sector has a critical…
Trump says Iran not ready to make the ‘right deal’
This file image shows Islamic Revolutionary Guard during a parade. PHOTO: REUTERS The Iranian army said Saturday that its military doctrine is shifting from a “defensive to an offensive” posture, citing lessons from the country’s recent wars. Brig. Gen. Mohammad Akraminia, spokesman for the Iranian army, told state news agency IRNA that the shift had…
Imran hospital transfer ‘drama’ riles up PTI
Sister alleges Imran being tortured in jail PTI decides to file contempt plea in SC Reaffirms Sept 27 long march MEDIA TALK: Sisters of ex-PM Imran Khan address a news conference in Islamabad. PHOTO: AFP ISLAMABAD: In a high-stake overnight drama, a seemingly reluctant government took incarcerated former prime minister Imran Khan from Adiala Jail…
Led by energy stocks, PSX gains 575 points
Late-session interest helps KSE-100 advance 0.33% but it couldn’t break resistance band KARACHI: Pakistan Stock Exchange (PSX) ended Friday’s session on a firm note as the benchmark KSE-100 index rose 575 points to close near 177,170. The index spent the first half of the day trading sideways before attracting buying interest later, when it touched…
Baloch leaders reject new provinces proposal
QUETTA: Political leaders in Balochistan have strongly opposed proposals for creating new provinces on administrative grounds, alleging that such moves were aimed at gaining control over the province’s natural resources. They also warned against attempts to mislead public opinion through unelected and non-political individuals on sensitive constitutional and political matters. The leaders were speaking at…
Jaffer denied relief in Noor murder case
Pakistani-American Zahir Jaffer (C), convicted of rape and murder charges, arrives in a court in Islamabad. Photo: AFP ISLAMABAD: The Supreme Court of Pakistan has issued its detailed judgment dismissing a review petition filed by convicted murderer Zahir Jaffer against his death sentence in the Noor Mukadam murder case, observing that he had committed an…
