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Fuel expenses jump 39% to Rs22b

[ Govt spent Rs6b more than budgeted on fuel in FY25, car monetisation policy violated ISLAMABAD: Despite enforcing a car monetisation policy that gives cash for transport to top bureaucrats, the federal government’s annual budget expenditure on fuel jumped to nearly Rs22 billion – an increase of 39% – even before the Middle East war … Read more

Trump says Iran not ready to make the ‘right deal’

As the war nears six months old, two sides not exchanging fire but also not pursuing peace talks US President Donald Trump delivers remarks during a meeting with cryptocurrency executives in the Roosevelt Room of the White House in Washington, DC, on August 19, 2026.PHOTO: AFP US President Donald Trump said on Friday he thought Tehran was not ready to make the “right deal” … Read more

Baloch leaders reject new provinces proposal

QUETTA: Political leaders in Balochistan have strongly opposed proposals for creating new provinces on administrative grounds, alleging that such moves were aimed at gaining control over the province’s natural resources. They also warned against attempts to mislead public opinion through unelected and non-political individuals on sensitive constitutional and political matters. The leaders were speaking at … Read more

Banks urged to focus on private credit

[ SBP governor says reorientation needed, cites low credit penetration despite Rs69tr assets SBP Governor Jameel Ahmed during a press conference. Photo: SBP Meta KARACHI: Governor State Bank of Pakistan (SBP) has urged banks to reorient their business models towards stronger retail deposit mobilisation and greater private-sector financing, emphasising that the banking sector has a … Read more

Led by energy stocks, PSX gains 575 points

[ Late-session interest helps KSE-100 advance 0.33% but it couldn’t break resistance band KARACHI: Pakistan Stock Exchange (PSX) ended Friday’s session on a firm note as the benchmark KSE-100 index rose 575 points to close near 177,170. The index spent the first half of the day trading sideways before attracting buying interest later, when it … Read more

Kundi urges modern weapons for K-P police

Kundi said policing in K-P was different from other provinces because of the persistent threat of terrorism PESHAWAR: Khyber-Pakhtunkhwa Governor Faisal Karim Kundi has called for equipping the provincial police with modern weapons, advanced technology and additional resources to effectively combat terrorism, saying the force was playing a frontline role in maintaining peace despite extraordinary … Read more