Short-term inflation sticky at 9.04%
KARACHI: Pakistan’s Sensitive Price Indicator (SPI) remained sticky at 9.04% year-on-year for the week ended…
Short-term inflation sticky at 9.04%
KARACHI: Pakistan’s Sensitive Price Indicator (SPI) remained sticky at 9.04% year-on-year for the week ended August 27 as energy costs tied to the prolonged disruption of oil and gas traffic through the Strait of Hormuz continued to dominate the essentials basket, even after a sharp fall in tomato and chicken prices trimmed the weekly reading…
US secures majority control of 65B barrels of Venezuelan oil: Trump
Agreement set to double American reserves, ‘greatly strengthen’ relations with Caracas, says US president A picture of an oil pipeline. PHOTO: ANADOLU AGENCY US President Donald Trump said on Friday that Washington finalised an agreement with Venezuela to secure majority control of more than 65 billion barrels of proven oil reserves. “The United States of…
IHC raises questions over visa
ISLAMABAD: The Islamabad High Court (IHC) has raised important legal questions in a case concerning the extension of student visas for 87 Afghan nationals currently studying in Pakistan. During the hearing on Friday, Justice Khadim Hussain Soomro noted that Pakistan is currently in a state of war with Afghanistan. “Would you grant a visa extension…
PSX edges up, stalls below 178,000
KARACHI: Pakistan Stock Exchange (PSX) closed modestly higher on Friday, adding over 370 points to settle near 177,700 after touching the intra-day high around 178,050. Arif Habib Limited (AHL) reported that the PSX delivered a mixed performance as the benchmark KSE-100 index closed at 177,696.51 with an addition of 373.73 points, or 0.21%. The defining…
Iran war depletes US military stockpiles, limiting global deterrence: report
US officials say inventories of interceptors in Europe ‘beyond critical’ levels; Pentagon denies scarcity This US military file photo shows a US Army Terminal High Altitude Area Defense (THAAD) launching station in Israel on March 4, 2019. Staff Sgt. Cory D. Payne/US Air Force/File The extensive use of advanced weaponry in the war against Iran…
PM for timely implementation of tax reforms
He also instructed that the implementation of reforms should be ensured to modernise ISLAMABAD: Prime Minister Shehbaz Sharif on Friday directed the authorities concerned to ensure the implementation of reformative measures in the tax system within the stipulated timeframe and accelerate effective action against tax evasion, smuggling, and illegal businesses. The prime minister, chairing the…
PPP’s Yasin named AJK opposition leader
. MUZAFFARABAD: Pakistan Peoples Party PPP leader Chaudhry Muhammad Yasin has been appointed Leader of the Opposition in the Azad Jammu and Kashmir Legislative Assembly, completing the parliamentary set-up of the newly elected house. AJK Assembly Speaker Chaudhry Tariq Farooq issued a formal notification confirming Yasin’s appointment. Yasin will now lead the opposition benches and…
AJK’s electoral road ends with new PM
PML-N’s Barrister Syed Iftikhar Ali Gillani takes oath as the new AJK PM. Photo: Express MUZAFFARABAD: The parliamentary set-up of the newly elected Azad Jammu and Kashmir (AJK) Legislative Assembly was completed on Friday with Pakistan Muslim League-Nawaz (PML-N)-backed Barrister Syed Iftikhar Ali Gillani taking the oath as the 17th prime minister and Pakistan Peoples…
Iran denounces new US curbs as ‘state terrorism’
DUBAI: Iran condemned the United States’ new economic sanctions on Friday as “state terrorism”, while its supreme leader said he was banning acts that could harm “social cohesion” amid concern that more financial pain could spark unrest at home. With the war now at the six-month mark, and negotiations at an impasse, President Donald Trump’s…
PM touts Makkah pact as harbinger of peace
PM Shehbaz Sharif and Saudi Minister of Environment Abdulrahman Abdulmohsen Al-Fadley share a light moment at a reception in Islamabad. PHOTO: NNI ISLAMABAD: Prime Minister Shehbaz Sharif on Friday said that the recently signed Makkah Joint Defence Agreement between Pakistan, Saudi Arabia and Turkiye brought the three countries even closer together and sent a message…
