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PM to announce construction relief plan

[ LAHORE: Federal Finance Minister Muhammad Aurangzeb has declared that after achieving economic stability, the next priority is industrialisation to ensure sustainable economic growth. He said the government was following an export-led policy and would soon announce relief measures for the construction sector. “The prime minister is expected to make a formal announcement.” The government … Read more

Astronomers puzzle over planetary system

. An artist’s impression of a planetary system with four planets, around a small red star, called LHS1903 with a large reddish-brown rocky planet with craters is visible in the foreground and three smaller planets. Photo: Reuters WASHINGTON: Astronomers have observed a planetary system that challenges current planet formation theories, with a rocky planet that … Read more

Zelensky labels Putin a ‘slave to war’

. After initial dialogue in Turkey, Kremlin says face to face meeting of both leaders possible. PHOTO: FILE MUNICH: Ukraine’s President Volodymyr Zelensky denounced Russia’s Vladimir Putin as a “slave to war” in a speech to the Munich Security Conference Saturday, adding that Russia’s attacks had damaged every power plant in the country. Zelensky also … Read more

Loan repayment cuts FX to $15.5b

[ Commercial loans rose by $1.7b to $7.2b by end 2025; IMF mission to arrive on 25th The finance ministry said that the exchange value of the rupee was maintained at an artificially high level in the past, which triggered the balance of payments crisis. PHOTO: REUTERS ISLAMABAD: Pakistan has repaid a $700 million Chinese … Read more

P2M uptake slow in major markets

[ KARACHI: The adoption of digital payments in Pakistan’s retail sector, which began to gain traction a decade ago in India, requires a clear roadmap and coordinated efforts among all stakeholders. This will help promote a culture of cashless transactions and improve financial inclusion in the economy. The government and the banking regulator have taken … Read more

Dialogue can rescue democracy: politicians

LAHORE: Senior political leaders from across the spectrum on Saturday warned of an “emergency-like” climate, shrinking democratic space and the dangers of a security-dominated state, as they urged political unity and public resistance to protect constitutional rule. Speaking in candid terms, PTI’s Barrister Ali Zafar deplored the current situation as akin to martial law in … Read more

Court orders action against E&P firms for law violation

[ ISLAMABAD: The Islamabad High Court (IHC) has directed the Petroleum Division and the Directorate General of Petroleum Concessions (DGPC) to immediately proceed under law against two exploration and production (E&P) companies over unauthorised change in effective control. This violation may lead to the revocation of petroleum rights. Parliamentary Secretary for Energy (Petroleum Division) Mian … Read more

PSX sheds 2.5% on weak earnings, Reko Diq

[ KARACHI: Pakistan’s stock market remained under heavy pressure during the week ended February 13 as the benchmark KSE-100 index plunged 4,526 points, or 2.46% week-on-week, to close at 179,604 amid heightened volatility, weak corporate earnings, and investor concerns surrounding developments related to the Reko Diq mining project. Market sentiment remained fragile due to persistent … Read more