Two PTI lawmakers in the Punjab Assembly were suspended for 15-sittings for their allegedly unruly behavior as the opposition party protested against the de-seating of three of its members following the orders of two anti-terrorism courts (ATCs) in May 9 rioting cases. As the house resumed proceedings on Monday under the chairmanship of Acting Speaker […]
US President Donald Trump warned Monday that the people of Gaza are facing “real starvation”, as aid agencies sought to take advantage of an Israeli “tactical pause” of some military operations to rush in food aid. Speaking in Scotland after meeting Britain’s leader, Trump contradicted Israeli Prime Minister Benjamin Netanyahu, who had earlier dismissed fears […]
A Supreme Court bench has listed for hearing the appeals filed by former prime minister Imran Khan against dismissal of his bail applications in the May 9 rioting cases by the Lahore High Court (LHC). A division bench comprising Chief Justice of Pakistan (CJ) Yahya Afridi and Justice Muhammad Shafi Siddiqui will take up the […]
The government on Monday ordered strict monitoring of the sugar stocks after it was observed that several sugar mills were not adhering to the mutually-agreed framework regarding the supply and release of the commodity. National Food Security Minister Rana Tanveer Hussain chaired a meeting with representatives of the Pakistan Sugar Mills Association (PSMA) and other […]
Henny de Vries, Ambassador of the Kingdom of the Netherlands, on Monday paid a farewell call on Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, at the Finance Division. The finance minister commended Ambassador de Vries for her efforts in furthering and strengthening the longstanding bilateral relations between Pakistan and the Netherlands, said an […]
The Pakistan Stock Exchange (PSX) closed modestly higher on Monday as the benchmark KSE-100 index rose 173 points to close at 139,380. Investor sentiment was buoyed by optimism ahead of the State Bank of Pakistan’s (SBP) monetary policy announcement and the credit rating upgrade, bringing Pakistan’s rating to ‘B-‘ with a stable outlook. Despite briefly […]
An OPEC+ panel on Monday stressed the need for full compliance with oil production agreements, ahead of Sunday’s separate gathering of eight OPEC+ members to decide on increasing oil output for September. Ministers from the Joint Ministerial Monitoring Committee (JMMC), which includes top energy ministers from the Organisation of the Petroleum Exporting Countries (OPEC) and […]
Pakistan and Kyrgyzstan have pledged to expand bilateral trade to $100 million and signed multiple agreements to boost cooperation in trade, energy, health, investment, and education during the 5th Session of the Inter-Governmental Commission (IGC) held in Islamabad. According to an official statement released on Monday, the meeting, co-chaired by Federal Minister for Power Sardar […]
The Pakistan Business Forum (PBF) has urged Prime Minister Shehbaz Sharif to address the artificial control over currency exchange rate, asserting that the current dollar value is being kept deliberately high. Economic indicators suggest that fair value of the dollar should be around Rs260, it said. In a statement, PBF Chief Organiser Ahmad Jawad called […]
United States Chargé d’Affaires Elizabeth Horst met Finance Minister Muhammad Aurangzeb in Islamabad on Monday to discuss economic cooperation and reaffirm the strengthening trajectory of bilateral ties, Radio Pakistan reported. According to a finance ministry statement, the meeting provided “an opportunity to exchange views on matters of mutual interest” and underscored growing collaboration between Pakistan and the US. […]