Govt committed to fiscal discipline, PM tells IMF MD

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday apprised International Monetary Fund (IMF) Managing Director Kristalina Georgieva of Pakistan’s improving macroeconomic indicators, stabilisation efforts and progress on structural reforms. He underscored Pakistan’s commitment to fiscal discipline, revenue mobilization, and sustainable growth. The prime minister met the IMF MD in Davos, Switzerland, on the sidelines of the 56th annual meeting of the World Economic Forum, PM Office Media Wing said in a press release. The meeting was also attended by Deputy Prime Minister and Foreign Minister Ishaq Dar, Federal Minister for Economic…

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PTA tells IHC X declined most requests to suspend Imran Khan’s account

ISLAMABAD: The Pakistan Telecommunication Authority informed the Islamabad High Court on Thursday that it had approached X on three occasions over the past three-and-a-half years, seeking the suspension of incarcerated PTI founder Imran Khan’s account, but most of its requests were declined. According to a PTA report submitted to the court, the authority first wrote to X on August 21, 2022, requesting that the Imran Khan’s account be blocked. A second request was sent on April 18, 2024, citing convictions in the Toshakhana, cipher and iddat cases, the report said. The proceedings…

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FCC reserves verdict on India, Israel import ban

ISLAMABAD: The Federal Constitutional Court (FCC) has reserved its judgment on the federal government’s petition challenging certain Lahore High Court (LHC) directions regarding the ban on imports from India and Israel. A three-judge bench of FCC led by Justice Aamer Farooq heard the matter. The ban was imposed through Statutory Regulatory Orders (SROs) Nos 927 and 928(I)/2019, issued by the federal government under its constitutional and statutory authority, reflecting considerations of foreign policy, national security, and sovereign discretion. The case arose after the SROs were challenged in the LHC. Although…

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President approves confirmation, extension of additional judges in three high courts

President Asif Ali Zardari on Thursday approved the confirmation and extension of the tenure of additional judges of the Sindh, Lahore and Peshawar High Courts, in line with the recommendations of the Judicial Commission of Pakistan and on the advice of Prime Minister Shehbaz Sharif. For the Sindh High Court, the president approved the confirmation of 10 additional judges. They include Justices Miran Muhammad Shah, Tasneem Sultana, Riazat Ali Sahar, Muhammad Hasan, Abdul Hamid Bhurgi, Jan Ali Junejo, Nisar Ahmed Bhanbhro, Ali Haider ‘Ada’, Muhammad Osman Ali Hadi and Muhammad…

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UAE becomes early supporter of Trump’s ‘Board of Peace’ with formal acceptance

The United Arab Emirates has accepted an invitation to join United States President Donald Trump’s newly proposed “Board of Peace”, the UAE foreign ministry said on Tuesday, making Abu Dhabi one of the first governments to publicly endorse the initiative. The ministry said the UAE stood ready to “contribute actively to the mission of the Board of Peace, supporting greater cooperation, stability and prosperity for all”, marking formal alignment with Washington’s new conflict-resolution effort. Read More: Trump invites more global leaders to join Gaza ‘Board of Peace’ The acceptance comes as…

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Erdogan, Trump discuss Syria ceasefire and Gaza in phone call

Turkish President Tayyip Erdogan discussed developments in Syria and Gaza in a call with US President Donald Trump, his office said on Wednesday, as Syria’s Turkey-backed government announced a ceasefire with US-allied Kurdish forces after days of clashes. Syria’s government this week seized swathes of territory in the northeast and gave the Kurdish-led Syrian Democratic Forces four days to agree on integrating into the central state. The SDF’s main ally, the United States, said in a statement that the partnership with the group had changed in nature after Syria’s new…

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Trump floats ‘Board of Peace’ – then says UN must go on

US President Donald Trump said on Tuesday, “You got to let the UN continue,” when asked about his plans for a so-called “Board of Peace” that has alarmed international experts. Governments around the world have reacted cautiously to Trump’s invitation to join that initiative that the U.S. president says aims to resolve conflicts globally, a plan that diplomats said could harm the work of the United Nations. Read: Russia, India invited to join Trump’s Gaza ‘Board of Peace’ “Might,” Trump said when asked by a reporter if he wanted the “Board of Peace to replace the UN.”…

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OGDC boosts daily crude output by 14.5%

ISLAMABAD: Oil and Gas Development Company Limited (OGDC), the operator of the Nashpa Exploration Licence, on Tuesday announced another oil and gas discovery at its exploratory well Baragzai X-01 (Slant), located in Kohat district of Khyber-Pakhtunkhwa(K-P). According to a statement issued by OGDC, the discovery was made in the Samana Suk and Shinawari formations. The well tested positive during a cased-hole drill stem test (CHDST-03), flowing 3,100 barrels of oil per day and 8.15 million standard cubic feet of gas per day through a 32/64-inch choke at a wellhead flowing…

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UK backs GSP capacity building

ISLAMABAD: The United Kingdom has indicated support of up to $400,000 to enhance capacity building of the Geological Survey of Pakistan (GSP). Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with British High Commissioner to Pakistan Jane Marriott to discuss enhanced bilateral cooperation in the oil and gas as well as minerals sectors. During the meeting, High Commissioner Jane Marriott remarked that the potential in Pakistan is tremendous and noted that significant reforms are underway in the economic realm. She expressed the United Kingdom’s keen interest in strengthening…

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Pakistani rice loses edge to India

KARACHI: Federal Minister for Commerce Jam Kamal Khan has said that rice exporters will receive support through the Export Development Fund (EDF) to help address pricing challenges in international markets. In an exclusive interview with The Express Tribune, Kamal Khan said that effective utilisation of the EDF could potentially generate $1-1.5 billion in foreign exchange for the country. He noted that Pakistani rice is currently priced higher in the global market, which is creating difficulties for exporters. According to the minister, Indian Basmati rice is being exported at around Rs1,000…

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