PM allows SC to approve its projects

[ ISLAMABAD: The government has allowed the Supreme Court of Pakistan (SC) to constitute its own project sanctioning body to approve development schemes of up to Rs1 billion. This ends the law ministry’s role in approving projects of the apex court. For the first time, the Supreme Court can conceive its own development projects and … Read more

India ‘expects KSA to mind sensitivities’

MUMBAI: India said on Friday it hoped Saudi Arabia would keep in mind mutual interests and sensitivities between the two countries, two days after Riyadh signed a mutual defence pact with New Delhi’s old arch foe Pakistan. “India and Saudi Arabia have a wide-ranging strategic partnership which has deepened considerably in the last few years,” … Read more

FPCCI backs FCA but seeks faster trade facilitation

[ KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced support for the Faceless Customs Assessment (FCA) system, which aims to reduce human interaction and increase the use of technology. Acting FPCCI President Saquib Fayyaz Magoon said the business community welcomed the initiative but warned of operational delays creating concern for … Read more

LNG glut puts Rs242b burden on consumers

[ ISLAMABAD: The failure of the government to manage liquefied natural gas (LNG) imports has put an additional burden of Rs242 billion on consumers during the current financial year. Sources said that LNG glut had increased with a drastic reduction in offtake by captive power plants (CPPs) due to the imposition of a grid transition … Read more

Trump to welcome Erdogan

WASHINGTON: US President Donald Trump said Friday he will welcome Turkish President Recep Tayyip Erdogan to the White House next week and expects a resolution to a long-running rift on fighter jets. It will be the first bilateral visit to the White House by Erdogan since 2019 during Trump’s first term, with former president Joe … Read more

PSX edges up after record intra-day high

[ KARACHI: The Pakistan Stock Exchange (PSX) endured a volatile session on Friday with the benchmark KSE-100 index posting a modest gain of 83.90 points to settle at 158,037.37, after briefly touching the all-time high of 159,337 earlier in the day. The market saw strong activity in power, technology and cement sectors, while selling pressure … Read more

US plans $6.4b in weapons sales to Israel

WASHINGTON: The Trump administration is seeking congressional approval to sell Israel $6.4 billion in support equipment and weapons including attack helicopters and troop carriers, people familiar with the matter said on Friday. Israel’s military said it had expanded operations in Gaza City on Friday and bombarded Hamas infrastructure, while displaced Palestinians traumatized by the advance … Read more