KARACHI: Fitch Ratings has assigned a ‘B-‘ rating to Pakistan’s proposed U.S. dollar-denominated bond, with a Recovery Rating of ‘RR4,’ the ratings agency announced. Pakistan plans to use proceeds from the bond for general budgetary and sovereign financing purposes, according to Fitch. The bond rating is aligned with Pakistan’s Long-Term Foreign-Currency Issuer Default Rating, while ... Read more

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Core inflation, which excludes volatile food and energy prices, rose to 8.7% year-over-year in August, up from 8.4% in July.

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ISLAMABAD: Pakistan’s Federal Board of Revenue collected Rs 1.722 trillion in taxes during July and August, the first two months of the current fiscal year, exceeding its target of Rs 1.710 trillion by Rs 12 billion, according to FBR sources. The result came despite slowing revenue growth and a decline in income tax receipts. A ... Read more

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LAHORE: Former Pakistan captain Misbah-ul-Haq has decided to resign from the Pakistan Cricket Board’s selection committee, sources close to the former cricketer said Tuesday. The sources said Misbah has informed the PCB of his decision and will serve a notice period before formally stepping down from the role. The development comes a day after the ... Read more

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BISHKEK: Prime Minister Shehbaz Sharif warned Tuesday against using water as a political weapon, telling fellow leaders at the Shanghai Cooperation Organisation summit that water “must never be weaponised or used as an instrument of coercion.” Sharif made the remarks while addressing the SCO’s Council of Heads of State summit in Bishkek, shortly after Pakistan ... Read more

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Shares of both companies rose in early trading Tuesday, with EPCL climbing 2.11% and Lotte Chemical Pakistan gaining 2.88%.

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THE HAGUE: The Permanent Court of Arbitration has ordered India to uphold the Indus Waters Treaty with Pakistan and suspend work on its hydroelectric projects, a major legal victory for Islamabad in the dispute over the agreement. The Hague-based tribunal issued the award on the status of the treaty and interim measures concerning India’s Ratle ... Read more

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Tender seeks tech vendors as country grapples with billions in trade-linked financial crime and continued international scrutiny.

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Oil prices rose more than 2% Monday after the United States attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as the six-month-old conflict between the two countries showed no signs of easing. Brent crude futures climbed $2.21, or 2.51%, to $90.31 a barrel as of 0436 GMT. U.S. West ... Read more

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KARACHI: State-run Pakistan LNG Limited (PLL) has issued a fresh tender to procure one spot cargo of liquefied natural gas for delivery between September 4 and 8, as global supply disruptions stemming from the Middle East war continue to strain the country’s gas-fired power generation. PLL invited bids from international suppliers for a single cargo ... Read more

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ISLAMABAD: The Capital Development Authority (CDA), in line with the decision of the Federal Government conveyed through Secretary MOI has intensified enforcement of fire and life safety standards across Islamabad, making it clear that the protection of precious human lives will remain the CDA’s top most priority. In a significant enforcement action, the CDA has ... Read more

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Deputy PM to attend R-4 meeting in Istanbul as US-Iran negotiations stall

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Inquiry launched after footage shows police personnel aiding relative of officer in DHA attack, FIR downplays violence

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Regulator sets outage limits, smart-meter standards and quarterly grading system for distribution companies nationwide.

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ISLAMABAD: The leaders of Pakistan’s Jamaat-e-Islami (JI) on Sunday warned of staging sit-ins in Rawalpindi and Islamabad if authorities refuse to grant permission for a public gathering in the garrison city, as the party escalates pressure on the government over rising fuel prices and inflation. Hafiz Naeemur Rehman, the emir of Jamaat-e-Islami, told a news ... Read more

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CHICAGO: Corn and wheat futures have rallied to their highest prices in more than three years, though the factors driving the gains for each crop remain distinctly different. Wheat futures settled Friday at $7.84 per bushel, up 3.1% on the day, after hitting an intraday peak of $7.9025, the highest level since Feb. 14, 2023. ... Read more

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In rare written message, Khamenei's successor urges Gulf monarchies to recognize their 'real enemy' and resist U.S. influence.

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KATHMANDU: The death toll from catastrophic flooding and mudslides along the Nepal-China border has risen to at least 750, with more than 3,000 people still missing, authorities said Sunday, as rescue operations entered their fifth day. Nepal’s disaster management agency reported 734 confirmed deaths on its side of the border, with 2,498 people unaccounted for. ... Read more

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RAWALPINDI: A district and sessions court on Saturday extended by four days the physical remand of two suspects in the killing of a digital media executive whose body was found bound to a shower in her home. Faisal Asghar, the husband of slain Hina Javed, and domestic worker Zeeshan will remain in police custody until ... Read more

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Directive affects nearly 97% of mobile users nationwide who rely on prepaid connections.

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