The federal government has approved Rs4.4 billion to clear pending pension and medical dues of retired employees of Pakistan International Airlines (PIA), providing relief to hundreds of former staff. The decision was taken during a meeting of the Economic Coordination Committee (ECC) chaired by Finance Minister Muhammad Aurangzeb. The allocation is part of a...
Pakistan’s Interior Minister Mohsin Naqvi is facing growing criticism over a proposed construction plan near the Margalla Hills, with environmentalists and citizens warning of potential ecological damage. The plan, which aims to transform areas surrounding the hills into a modern urban hub, has sparked debate over its long-term impact on Islamabad’s natural landscape. According to...
The government has announced more than two hours of daily loadshedding during peak hours as part of efforts to manage rising energy costs and avoid a significant increase in electricity tariffs. According to the power division, electricity supply will be suspended for approximately 2.25 hours between 5 pm and 1 am across the country. Officials...
Karachi’s water supply has been restored following the successful completion of a major upgrade project on the Hub Canal, a critical source of water for the city. The Karachi Water and Sewerage Corporation (KWSC) announced that work at Zero Point has been finalised, allowing normal supply to resume through the Hub Pumping Station. As part...
Pakistan has strongly condemned Israeli military aggression against Lebanon, with the Foreign Office (FO) calling the attacks a serious violation of international law and humanitarian principles. In an official statement, Islamabad expressed deep concern over the escalating violence, which has resulted in civilian casualties and widespread destruction of infrastructure. The FO stated that Israel’s actions...
Pakistan has agreed to end currency controls gradually and relax restrictions on foreign exchange movement as part of commitments made to the International Monetary Fund (IMF), aiming to secure the release of a $1 billion loan tranche. Officials indicated that the move is intended to stabilise the economy amid rising inflation and external pressures caused...
Gold prices in Pakistan rebounded sharply, rising by Rs3,400 per tola in the latest trading session, while silver also recorded notable gains in both local and international markets. The increase comes after a significant drop a day earlier, highlighting continued volatility in the bullion market. According to market data, gold reached around Rs490,362 per tola,...
The benchmark KSE-100 index at the Pakistan Stock Exchange (PSX) dropped by more than 1,000 points during a volatile trading session, reflecting investor concerns over rising fuel prices and economic uncertainty. The index fell around 1,015 points in early trading, with declining stocks significantly outnumbering gainers. Market sentiment remained under pressure after the government increased...
The government may be forced to unfreeze petroleum prices as global oil rates continue to surge, driven largely by escalating tensions in the Middle East. Officials indicate that while authorities had initially tried to shield consumers from rising costs, sustaining the price freeze is becoming increasingly difficult. Prime Minister Shehbaz Sharif had earlier rejected proposals...
According to the claims by Muttahida Qaumi Movement-Pakistan (MQM-P) leader Farooq Sattar, the removal of Sindh Governor Kamran Tessori, representing MQM (P), without any consultation with the party, gives “a clear message” that the federal government did not “need” the party anymore. Could this be the final blow? Pakistan Muslim League (N) leader and Karachi-based lawyer,...