‘Fuel price hikes necessary for stability’

ISLAMABAD: Addressing concerns over petroleum prices, Planning Minister Ahsan Iqbal said adjustments in petroleum product prices are directly linked to fluctuations in international oil markets and are necessary to maintain macroeconomic balance and fiscal discipline. Speaking at a media briefing to launch the Ministry of Planning’s Monthly Development Update for July, Iqbal said Pakistan had…

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Famed Nirmal Purja among 10 climbers reported missing on Pakistani mountain

Nirmal Purja speaks during a news conference after climbing six mountains including Mt. Everest in Kathmandu. Photo: REUTERS KATHMANDU: At least 10 climbers, including ‌famed Nepali mountaineer Nirmal Purja, were missing on Pakistan’s Broad Peak after a suspected avalanche hit an expedition on the mountain, a Pakistani sports association and a person tracking the climb…

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Renowned climber among 10 missing after avalanche in Pakistan

International expedition includes American, Chinese national, Omani and five Nepali climbers Ten climbers led by renowned Nepal-born mountaineer and former military serviceman Nirmal “Nims” Purja have gone missing after an avalanche struck Pakistan’s Broad Peak, one of the world’s highest mountains. The Alpine Club of Pakistan said on Instagram late Thursday that the international expedition…

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Naqvi briefs president on security

Meeting also featured a detailed exchange of views on the country’s prevailing political situation ISLAMABAD: President Asif Ali Zardari and the Federal Interior Minister Mohsin Naqvi reviewed the country’s overall law and order situation, with particular focus on the security situation in K-P and Balochistan in a meeting held at Bilawal House on Thursday. The…

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MG JW to export vehicles to Bangladesh

MG JW Automobile Pakistan has signed an agreement with Bangladesh’s RANCON Group to export locally assembled vehicles to Bangladesh, marking a significant milestone for Pakistan’s automotive industry, according to a statement on Thursday. Under the agreement, MG JW will export 100 vehicles to Bangladesh during the current year, with total exports projected to reach 5,800…

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SBP reserves drop $229m to $17.03b

ISLAMABAD: The State Bank of Pakistan’s (SBP) foreign exchange reserves declined by $229 million during the week ended July 24, 2026, settling at $17.03 billion, the central bank said. The drop was attributed to external debt repayments. Pakistan’s total liquid foreign reserves stood at $22.4 billion as of July 24. Of these, the SBP held…

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SC upholds strict limitation law

ISLAMABAD: The Supreme Court has held that a party guilty of unnecessary delay, negligence and abuse of the judicial process is not entitled to equitable relief, observing that the law of limitation is not a mere technicality but a substantive legal framework designed to ensure timely and final resolution of disputes. A three-member bench comprising…

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