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[ Chinese firm disqualified over Mandarin documents, KE withdraws, citing tariff delay Under the restructuring plan for DISCOs, the government will transfer Rs911 billion worth of assets of three firms to new buyers against Rs648 billion in liabilities, giving buyers net positive equity of Rs263 billion. PHoto: File ISLAMABAD: The Privatisation Commission has qualified 10 … Read more
[ Minister visits PSO to explore measures to diversify supply sources, strengthen reserves KARACHI: Federal Minister for Petroleum Ali Pervaiz Malik on Friday visited the head office of Pakistan State Oil (PSO), where they explored a coordinated set of measures to safeguard the domestic energy market through proactive international procurement, long-term diversification of supply sources … Read more
Pakistan red-ball Head Coach Sarfaraz Ahmed was addressing a press conference in Lahore. Photo: PCB/File Pakistan head coach Sarfaraz Ahmad admits his side’s batting remains a major ‘concern’ after another collapse against England, but insists the team can still salvage something from the series if it improves its performance at crucial moments. Pakistan’s batting has … Read more
Nearly 3,000 people are still missing, about 2,426 in Nepal, at least 558 in Tibet’s Gyirong County A man takes pictures in front of damaged buildings after flash floods and a mudslide, in Trishuli, Nuwakot district, Nepal. Photo: Reuters Nepal suspended search and rescue on Saturday due to bad weather and said it needs foreign … Read more
[ Govt forms facilitation committees to resolve disputes, accelerate export performance KARACHI: The government has notified Export Facilitation Committees to address exporters’ concerns, resolve disputes and prevent harassment by tax officials, Minister of State for Finance and Railways Bilal Azhar Kayani said on Friday. Chairing a consultative meeting with All Pakistan Exporters Associations in Karachi, … Read more
In a year of globe-trotting, the Indian prime minister has secured deals around the world as the United States becomes less dependable.
[ Says central bank has ‘work to do’ on inflation; local rates stay flat despite 1% global drop KARACHI: Gold prices in Pakistan remained unchanged on Friday even as international bullion reversed course and fell more than 1% after Federal Reserve Chairman Kevin Warsh signalled the US central bank may still have “work to do” … Read more
[ KARACHI: For Pakistani families, a job in the Gulf can mean the difference between financial security and economic hardship. But the sudden loss of that job can send a worker back to the same weak labour market that pushed him abroad in the first place – exposing a vulnerability that is increasingly visible as … Read more
Paris Saint-Germain’s Marquinhos celebrates scoring during the Ligue 1 match against Lille. Photo: AFP LILLE: Captain Marquinhos headed in a dramatic last-gasp equaliser as Paris Saint-Germain scored twice in stoppage time to snatch a 2-2 draw at Lille in Ligue 1 on Friday. It looked as though the reigning French and European champions were heading … Read more
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 … Read more