Finance Minister Miftah Ismail on Wednesday said the summary to reduce prices of petroleum products will be sent to Prime Minister Shehbaz Sharif today for approval. Radio Pakistan quoted the minister as telling a private TV channel that the prices would be slashed on the directives of the prime minister …
Read More »All eyes on Sunday
It is election time. Twenty seats are up for grabs on July 17 and their results will be more than just a referendum on the PTI’s popularity or inflation’s impact on PML-N’s domination of Punjab. These seats will also decide the future of the government in Lahore and perhaps Islamabad. …
Read More »Trade with India
THE debate over whether or not Pakistan should trade with India has resurfaced in recent weeks, prompted in part by the poor health of the economy, as well as recent suggestions that Pakistan hasn’t quite been able to fully achieve its objectives vis-à-vis the Kashmir dispute by downgrading relations with …
Read More »‘Steps needed to contain population boom’
ISLAMABAD: President Dr Arif Alvi and other stakeholders have sought measures to restrict population growth in Pakistan by “normalising family planning” as a report by the United Nations suggests that the global population could zoom past 9.7 billion in 2050 with half of the projected increase concentrated in eight countries, …
Read More »Airlift shuts down operations in Pakistan
KARACHI: Quick commerce startup Airlift is shutting down permanently, online publication Deal Street Asia reported late on Tuesday. Airlift was initially a bus service that later pivoted to the last-mile delivery segment. It raised $85 million last year in the largest funding round by any local startup. The firm shut down its operations …
Read More »969MW project shut after damage detected
• Dastgir and Wapda confirm Neelum-Jhelum power station closed due to cracks in tailrace tunnel • Minister claims shortfall has shrunk; says govt will add 5,000MW to national grid this fiscal • Says Afghan coal still cheaper than other options ISLAMABAD: Amid countrywide electricity shortages, the 969-megawatt Neelum-Jhelum hydropower project, …
Read More »Rupee falls to Rs208
KARACHI: The US dollar continued its upward drive for the second consecutive day against the rupee and gained another Rs1.05 to Rs207.99 in the interbank market on Wednesday. The dollar has absolute domination in the currency market but the inflow of $2.3bn from China on June 23 changed the scenario …
Read More »Floods, post-rain accidents kill 15 in GB, Balochistan
• 10 die in Balochistan, several rendered homeless • Five swept away in GB flash floods • CMs order ‘all hands on deck’ for relief measures QUETTA/GILGIT: At least 15 people, including women and children, were killed in rain-related accidents in Balochistan and Gilgit-Baltistan as more-than-expected downpour lashed areas where …
Read More »Intimidation by the ‘unidentified’
THE identity of the ‘unidentified’ assailants who assaulted journalist Ayaz Amir in Lahore last week was not unknown. One of Pakistan’s most respected newspaper columnists and a television commentator, he was dragged out of his vehicle and manhandled on a busy street in full view of the crowd that had …
Read More »Dua Zehra timeline: A complex case of alleged kidnapping vs legal marriage
The saga of Dua Zehra, a Karachi girl who was reported kidnapped in April and later discovered to have purportedly eloped in Punjab, has fuelled intense public interest. The alleged abduction and elopement of the girl — whose parents insist is a minor — led to an uproar on social …
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