Published: Jun 26, 2022
Amid a spiralling energy crisis brought on by the Russian invasion of Ukraine putting pressure on global fuel reserves, Pakistan’s energy minister has admitted that the country simply cannot compete with the buying power of European countries.
Published: Jun 22, 2022
The State Bank of Pakistan (SBP) on Tuesday dismissed reports claiming that its foreign exchange reserves had “dried up”, and clarified that neither the country’s banks had run out of US dollars nor the central bank had stopped import payments.
Published: Jun 14, 2022
The temperature in Jacobabad hit a record-breaking 51 degrees Celsius (123.8 degrees Fahrenheit) on May 14, making it the hottest city on Earth that day. Pakistan had jumped from winter to summer without experiencing a spring, according to the country's Climate Change Ministry.
Published: Jun 13, 2022
A senior tri-service military delegation of Pakistan, headed by Chief of Army Staff (COAS) General Qamar Javed Bajwa, visited China, where the two sides pledged to enhance their "training, technology and counter-terrorism cooperation".
Published: Jun 11, 2022
President Xi Jinping’s order to ruthlessly lockdown Shanghai, China’s financial hub, has resulted in heavy damage to the country’s economy – but also unprecedented criticism of Xi’s zero-Covid policy by his No 2, Li Keqiang.
Published: Jun 09, 2022
A recommendation to close markets at 8.30pm across Pakistan in an effort to conserve energy came under discussion on Wednesday during a meeting of the freshly reconstituted National Economic Council (NEC).
Published: May 31, 2022
The government of Pakistan and the outlawed Tehreek-i-Taliban Pakistan (TTP) have agreed to extend the ceasefire, this time indefinitely, and continue negotiations to find an end to the nearly two decades of militancy in the tribal border region, it has been reliably learnt.