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SBP injects Rs11.6tr into banking system

[ KARACHI: The State Bank of Pakistan (SBP) injected approximately Rs11.6 trillion into the banking system on Monday through a reverse repo auction conducted as part of its Open Market Operations. According to data compiled by AKD Securities from the SBP’s figures, the central bank received total offers of Rs11,777 billion and accepted Rs11,613 billion … Read more

Pakistan eyes US crude to cut Trump tariffs

[ Import payments to America rise by $914m to $3.27b, Cnergyico leads with 80% purchases KARACHI: Pakistan’s largest refiner, Cnergyico, is buying more US crude as Islamabad seeks to diversify the country’s energy supplies after disruption caused by the Iran war exposed its dependence on Gulf routes. Pakistan also wants to increase imports from the … Read more

Tirah affectees to hold grand jirga on Thursday

Tribal assembly to discuss safe return, financial aid and future protest strategy KHYBER: Tehreek Mutasireen Tirah will hold a joint consultative Grand Jirga on 20 August at Bara Press Club to discuss the dignified and safe return of Tirah affectees, provision of financial assistance and other demands. The 24-member committee along with currently elected representatives … Read more

K-P Assembly moves to tighten drug laws

Proposed law carries up to 10 years in prison, Rs200 million fine for counterfeit medicines PESHAWAR: The Khyber-Pakhtunkhwa government has proposed sweeping amendments to the provincial drug law to curb counterfeit and substandard medicines and strengthen regulation of their manufacture, import, export, storage, distribution, sale and quality control. The Khyber-Pakhtunkhwa Drug Amendment Bill 2026 was … Read more

Trump orders cutting back military exercises with South Korea

WASHINGTON/SEOUL: US President Donald Trump on Sunday instructed the Pentagon to “substantially reduce” joint military exercises with long-term Asian ally South Korea, citing the cost of the drills and Seoul’s refusal to take part in actions against Iran. Hours before exercises were scheduled to begin, Trump said on his Truth Social site he was “not … Read more