Pakistan News

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  • Stocks drift lower in shaky week

    KARACHI: The representative index of the stock market traded on the lower side in the outgoing week mainly because of uncertainty over the resumption of the International Monetary Fund (IMF) programme...

    Arif Habib Ltd said the government announced a subsidy scheme for petrol users without consulting the IMF, which could potentially cause further delays in unlocking the next loan tranche
  • Powell blitz steers WI to T20 win over South Africa

    CENTURION: West Indies captain Rovman Powell smashed a quickfire 43 not out to propel his side to a three wicket victory over South Africa in a rain-reduced Twenty20 International here at the SuperSport Park on Saturday...

    Powells knock came off only 18 balls as the West Indies reached their target of 132 with three balls to spare to go 1-0 up in the three-match series
  • ‘Rulers have no plan’ — Imran lays out own recovery roadmap

    • Most routes leading to jalsa venue blocked, wet outfield makes life hard for supporters coming to event • PTI claims 1,800 activists rounded up from across Punjab in bid to ‘flop’ gathering, internet access curbed • Interim govt maintains measures being taken to ensure securityLAHORE: Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan has challenged the country’s incumbent rulers to put forward a plan to rescue the country from the many crises...

  • Iraq halts Kurdistan crude exports to Turkiye

    BAGHDAD: Iraq halted crude exports from the semi-autonomous Kurdistan region and northern Kirkuk fields on Saturday, an oil official said, after the country won a longstanding arbitration case against Turkiye...

    The decision to stop shipments of 450,000 barrels per day (bpd) of crude relates to a case from 2014, when Baghdad claimed that Turkiye violated a joint agreement by allowing the Kurdistan Regional Government (KRG) to export oil...
  • Wall Street push for bank rescues clashes with Washington realities

    WASHINGTON: The banking crisis set off by the swift collapse of Silicon Valley Bank has exposed a sharp disconnect between Washington and Wall Street...

    Bankers want faster, more aggressive action to shore up the industry, while the Biden White House and regulators argue they’ve done what they can within the limits of the law
  • ‘A PTI press release’: In strongly worded reply to president, PM Shehbaz calls out Alvi’s ‘partisan attitude’

    Prime Minister Shehbaz Sharif on Sunday responded to President Dr Arif Alvi’s letter — which was sent to the premier earlier this week — in a bid to “set the record of the government straight” and bring the latter’s “partisan attitude” on record...

    On Friday, the president asked the PM to direct federal and provincial authorities to assist the Election Commission of Pakistan (ECP) in holding the Punjab and Khyber Pakhtunkhwa elections in...
  • PM directs officials to ensure free flour for needy persons

    SARGODHA: Prime Minister Shehbaz Sharif talks to women during his visit to a free flour distribution point on Saturday...

    —Courtesy PID LAHORE/QUETTA: Prime Minister Shehbaz Sharif on Saturday directed officials to ensure the provision of free flour to the needy to ease their difficulties in Ramazan
  • Pakistan seek recovery from humbling loss to keep Afghanistan series alive

    SHARJAH: After their first-ever loss to Afghanistan in the series-opening Twnety20 Inter­national here on Friday, Pakistan opted to rest and reset on Saturday...

    The message was clear after the six-wicket humbling with Pakistan captain Shadab Khan stating his young side needed to learn from their mistakes as they face a series-saving clash against their neighbours on Sunday, where victory would ensure a decider on Monday
  • KPT sends $2m recovery notice to Hutchison

    ISLAMABAD: The Karachi Port Trust (KPT) has served a $2 million recovery notice to Hutchison Ports Pakistan (HPP) — the operator of the deep-water Karachi International Container Terminal (KICT) since 1998 – for not fulfilling the terms of the agreement...

    According to the sources, HPP was to pay a $21
  • Pope extends sex abuse law to cover lay leaders

    VATICAN CITY: Pope Francis on Saturday extended a 2019 law to fight sexual abuse in the Church by making lay Catholic leaders responsible for acts committed under their watch in Vatican-approved bodies...

    A letter, directly sent by the pontiff, also said that vulnerable adults could be victims of predator priests
  • Despite bail, Hassaan Niazi remains imprisoned in Balochistan

    QUETTA/ISLAMABAD: While a judicial magistrate in Quetta rejected the police request seeking five-day physical remand of Hassaan Niazi and granted interim bail to him in a case registered against him by the Balochistan police, the PTI leader and nephew of former prime minister Imran Khan was not released from jail till late Saturday evening...

    The Balochistan police brought him to Quetta from Islamabad on Saturday morning and produced him...
  • ADB proposes ‘roadmap’ to make Peshawar eco-friendly

    ISLAMABAD: The Asian Development Bank (ADB) has carried out a study that led to the preparation of a ‘Climate Investment Roadmap’ for Peshawar to address the effects of climate change surrounding the city...

    The roadmap has been developed under the technical assistance programme of ADB, aimed at supporting Asian cities in their efforts to ensure an eco-friendly atmosphere
  • Removal of import cash margins welcomed

    LAHORE: The business community on Saturday appreciated the State Bank of Pakistan’s decision of removing cash margin restrictions on imports of goods terming it a step in the right direction...

    “We welcome the SBP’s decision, as measures taken to minimise imports were affecting the industry that was facing a shortage of raw materials, machinery and other inputs leading to disturbing many sectors
  • GB police ‘barred’ from escorting CM outside region

    • CM usually moves with eight-man security detail • Aide to CM snubs ‘discriminatory’ interior ministry order, vows to move court • Accuses interior minister of trying to ‘create tiffs between units and federation’GILGIT: After the interior ministry stopped the Gilgit-Baltistan (GB) chief minister and the governor from using regional police as their security detail during visits outside the region, CM’s aide Shamsul Haq Lone hit back at the...

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