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Gas firm rejects costly spot LNG bids

[ ISLAMABAD: Pakistan LNG Limited (PLL) has rejected bids for two spot liquefied natural gas (LNG) cargoes, which demanded higher rates and could force consumers to pay an additional $22 million for one LNG cargo. At a briefing, the Senate Standing Committee on Petroleum was informed that an LNG cargo was expected to arrive at … Read more

Pressure grows on Starmer to quit

LONDON: British Prime Minister Keir Starmer came under renewed pressure on Monday when three ministerial aides stepped down and more than 60 Labour lawmakers publicly called for his resignation after his appeal for another chance seemingly fell on deaf ears. At an address to the party faithful in London, Starmer had made an impassioned plea … Read more

Govt pledges AML action

[ The government has agreed to the need for a mini-budget if revenues fall short of expectations by end-December 2025, according to the IMF. Photo: file ISLAMABAD: Pakistan has assured the International Monetary Fund (IMF) that it will enhance interagency data sharing to curb money laundering, as the government has finally decided to move against … Read more

Little respite in Ukraine as air strikes ring out

Since the ceasefire began, the two countries have traded accusations of violating it with attacks on civilians ZAPORIZHZHIA: In Ukraine’s southeastern city of Zaporizhzhia, a three-day ceasefire between Kyiv and Moscow expiring later on Monday brought little respite to residents exhausted by more than four years of Russia’s invasion. The three-day truce was announced on … Read more

Celebs honour silent strength of motherhood

photo instagram sabooraly

Stars share heartfelt Mother’s Day tributes filled with love, grief and gratitude Pakistan’s entertainment industry turned social media into a deeply emotional space on Mother’s Day, as actors, singers and television personalities shared tributes celebrating the women they described as their source of comfort, strength and unconditional love. From nostalgic childhood photographs to reflections on … Read more

Petroleum levy crosses Rs1.2tr in nine months

ISLAMABAD: The government collected more than Rs1.2 trillion from consumers in petroleum levy during the first nine months of the current fiscal year, while over Rs35 billion was recovered under the Climate Support Levy (CSL), according to official documents. The documents further revealed that electricity consumers across the country paid more than Rs1.9 trillion in … Read more

PSX sheds 610 points in cautious trading

[ KARACHI: Investors offloaded their holdings at the Pakistan Stock Exchange (PSX) on Monday over uncertainty surrounding US-Iran negotiations for a peace deal, which pulled the KSE-100 index down by 610 points. In the morning, trading commenced on a negative note, with the benchmark index sliding 1,433.57 points, or 0.84%, within minutes to hit 169,682.25 … Read more

FinMin eyes tech-led tax overhaul

[Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has emphasised the government's focus on transforming tax administration through reforms centred on people, processes and technology, during a meeting with a delegation of the Institute of Chartered Accountants of Pakistan (ICAP), according to an official statement issued on Monday. Welcoming the delegation, the finance minister … Read more