6 h. ago ‘Hybrid governance model’ doing wonders for Pakistan, says Kh Asif

Defence Minister Khawaja Asif has attributed Pakistan’s recent diplomatic, regional, and economic gains – including its strengthened ties with the United States – to what he described as the “hybrid model of governance.” In a post on X, Khawaja Asif called the meeting between US President Trump and Field Marshal Asim Munir an “unprecedented development” […]

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7 h. ago Govt signs $4.5bn loans with local banks to ease power sector debt

The government has signed term sheets with 18 commercial banks for a Rs1.275 trillion Islamic finance facility to help pay off the mounting debt in its power sector, Power Minister Awais Leghari said on Friday. The government, which owns or controls much of the power infrastructure, is grappling with ballooning circular debt, unpaid bills and […]

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7 h. ago SAPM highlights plans to reach zero transport emission by 2060

Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan on Friday highlighted the government ambition plan to reach net zero transport emissions by 2060 aimed at promoting an environmentally friendly transport system. Addressing the dissemination workshop on New Energy Vehicle Policy 2025-30, the special assistant said that “This policy aims […]

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7 h. ago Lawmakers call for charter of economy for sustainable growth

Resuming debate on budget for fiscal year 2025-26 on Friday, lawmakers at National Assembly emphasized the need to accelerate reforms, adhere to an export-led growth strategy, and develop a charter of economy to ensure policy consistency, which they said is essential for achieving sustainable development. Participating in the debate, Pakistan Peoples Party (PPP) MNA Dr. […]

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9 h. ago Field Marshal’s US visit reaffirms commitment to regional peace, counterterrorism, economic growth

COAS highlights Pakistan’s unwavering commitment to regional peace and stability and its constructive role in fostering a rules-based international order Field Marshal Munir shed light on Pakistan’s remarkable untapped potential, particularly in IT, agriculture, and vast underexploited reserves in the mining and mineral sectors Interaction with prominent US think tanks and strategic affairs institutions provided […]

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9 h. ago Shandur Polo Festival 2025 begins with grandeur at world’s highest polo ground

KP Minister for Sports and Youth Affairs describes Shandur Polo Festival as not merely a sports event but a vibrant cultural celebration Barrister Saif says Khyber Pakhtunkhwa is a peaceful province, and the government is taking effective steps to promote tourism SHANDUR: The historic Shandur Polo Festival 2025 commenced with grandeur at the world’s highest […]

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10 h. ago FBR says banks pay 53% tax on income, seeks end to special privileges

ISLAMABAD: The Federal Board of Revenue (FBR) has revealed that banks in Pakistan pay a heavy 53% tax on their income. FBR Chairman Rashid Langrial disclosed this during a meeting of the National Assembly’s Standing Committee on Finance on Thursday, sparking discussions on the tax structure for financial institutions. He stated that the government wants […]

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12 h. ago Chinese commerce minister, EU trade commissioner discuss EV, trade

BEIJING: Chinese Commerce Minister Wang Wentao talked with EU Commissioner for Trade and Economic Security Maros Sefcovic on Thursday via video link, the Ministry of Commerce said in a post on Friday. The two sides conducted in-depth and professional exchanges on areas of China-EU economic and trade cooperation, including trade remedy cases such as the […]

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12 h. ago Govt secures Rs1.275 trillion Islamic loan to ease power sector debt

The Government of Pakistan has signed a major financial deal worth Rs1.275 trillion ($4.5 billion) with 18 commercial banks to reduce the country’s mounting power sector debt. The financing, based on Islamic principles, comes at a critical time when the sector is weighed down by unpaid bills, subsidies, and liquidity shortages. These issues have not […]

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12 h. ago Suspect arrested as another child pornography case surfaces in Punjab’s Muzaffargarh

MUZAFFARGARH: A suspect was arrested in another child pornography case in Punjab’s Muzaffargarh, police said on Friday. This comes just weeks after the government dismantled an international child exploitation network operating out of a so-called gaming club in the region. The latest case involves the sexual abuse and filming of several children in Sardarabad village, […]

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14 h. ago Government Signs $4.5 Billion Loans With Local Banks To Ease Power Sector Debt

Pakistan has signed term sheets with 18 commercial banks for a 1.275 trillion Pakistani rupee ($4.50 billion) Islamic finance facility to help pay down mounting debt in its power sector, government officials said on Friday. The government, which owns or controls much of the power infrastructure, is grappling with ballooning “circular debt”, unpaid bills and […]

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15 h. ago Spain’s refusal to boost defense budget puts NATO summit at risk

The upcoming NATO summit may face major setbacks after Spain rejected a proposal to raise defense spending to 5% of its GDP. U.S. President Donald Trump has been pushing for this new target, but Spain insists it’s both “unreasonable” and “counterproductive.” In a letter to NATO Secretary-General Mark Rutte, Spanish Prime Minister Pedro Sánchez said […]

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15 h. ago China braces for more floods as monsoon rain batters key provinces

China issued red flood alerts across multiple provinces on Friday as extreme storms continue to slam the country’s central and southern regions. The heavy downpours, triggered by the early arrival of the East Asia monsoon, are putting millions at risk and disrupting the world’s second-largest economy. According to state media, the warnings—the first of the […]

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16 h. ago Petrol price in Pakistan to further climb by Rs2.50 from July 1 after new Carbon Levy

ISLAMABAD – Pakistanis brace for another hike in petrol prices, as Pakistani government is set to impose new carbon levy

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17 h. ago Bushehr nuclear facility ‘under control’, Russia reassures after Israeli misstatement

The Russian government said on Friday that Iran’s Bushehr nuclear power plant is completely safe and working normally. Russia gave this update after Israel mistakenly claimed to have attacked the site. The Bushehr plant is run with help from hundreds of Russian workers. Russia made it clear that everything is under control. On Thursday, Israel […]

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17 h. ago Tensions rise as KP CM threatens assembly dissolution over federal plans

Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur has strongly warned the federal government against imposing an economic emergency in the province. He declared that if the federal government proceeds with such a move, the provincial assembly will be dissolved immediately. This stern warning signals rising tensions between the provincial government and the federation. The statement […]

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17 h. ago Govt to import 750,000 tonnes of sugar after exports trigger price hike

In a surprising U-turn, the government has decided to import 750,000 metric tonnes of sugar, just months after allowing exports of nearly the same quantity. This contradictory move has sparked public criticism as sugar prices in the local market have surged to Rs190 per kilogram. Deputy Prime Minister Ishaq Dar announced that 500,000 metric tonnes […]

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18 h. ago PM Shehbaz orders crackdown on sugar hoarders and price fixers to control market

The federal government has launched a strict crackdown on sugar hoarders and price manipulators to stop artificial inflation in the market. Prime Minister Shehbaz Sharif gave the green signal during a high-level meeting aimed at protecting consumers from rising sugar prices. According to official sources, PM Shehbaz summoned another urgent meeting today to monitor the […]

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18 h. ago Pakistan seeks stronger energy and mining ties with Russia at St. Petersburg forum

Pakistan actively pushed for stronger ties with Russia in energy, trade, investment, and mining at the 2025 St. Petersburg Economic Forum. Federal Energy Minister Ali Pervaiz Malik led the Pakistani delegation and met key Russian officials to discuss expanding cooperation. During a meeting with Russian Energy Minister Sergei Tsivilev, who also chairs the Pakistan-Russia Inter-Governmental […]

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18 h. ago Israeli defence minister warns Hezbollah against joining Iran conflict

Israeli Defence Minister Israel Katz issued a strong warning to Hezbollah on Friday. He said Israel’s patience with “terrorists” threatening its security has worn thin. Katz emphasized that any aggression from Hezbollah would face a firm Israeli response. On the other hand, Hezbollah’s deputy leader, Naim Qassem, declared on Thursday that the group would act […]

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