Finance ministry, SBP show optimism over economic growth amid expected $1.2bn tranche from IMF – Business
ISLAMABAD: The Ministry of Finance and the State Bank of Pakistan (SBP) on Thursday showed unanimous optimism over economic growth and achieving fiscal and current account targets despite the regional crisis. The development comes amid anticipated approval of disbursements worth over $1.2bn by the International Monetary Fund (IMF) on Friday and the scheduled visit of […]
Pakistan turns down two lowest evaluated LNG bids – Pakistan
ISLAMABAD: Pakistan on Thursday rejected the two lowest evaluated LNG bids from BP Singapore and TotalEnergies, priced at $17.28 and $16.98 per million British thermal units (mmBtu), respectively, for delivery next week and in the last week of the current month. State-run Pakistan LNG Limited (PLL) received a total of seven bids — three cargoes […]
Pakistan rejects LNG bids from BP Singapore, TotalEnergies over pricing – Pakistan
ISLAMABAD: Pakistan on Thursday rejected two bids from BP Singapore and TotalEnergies for the import of liquefied natural gas (LNG), priced at $17.2848 and $16.98 per million British thermal unit (mmBtu), respectively, for delivery next week and in the last week of the current month. State-run Pakistan LNG Limited (PLL) received a total of seven […]
Breathe Pakistan International Climate Change Conference concludes with calls for climate resilience, coordinated action – Pakistan
UN Women official calls for treating inclusion of women, girls and youth in climate policy-making as “a condition of survival”. The second edition of the Breathe Pakistan International Climate Change Conference, organised by DawnMedia, concluded in Islamabad on Thursday after two days of deliberations on climate resilience, adaptation, energy transition, water security, urban planning, agriculture, […]
World awaits Iran response to peace deal
WASHINGTON/TEHRAN: World capitals and markets were waiting on Thursday for Tehran to respond to Washington’s latest proposed deal to end the war in the Middle East and to reopen the key shipping lane out of the Gulf. Iran accused the United States of violating a ceasefire by targeting two ships at the Strait of Hormuz […]
PM vows sustained push for G-B, AJK development
Prime Minister Shehbaz Sharif presents a laptop to a student in Gilgit. Photo: PPI ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday directed that a 100-megawatt solar project be completed by mid next year while inaugurating and laying the foundation stones of several development projects in Gilgit. The prime minister arrived in G-B on a one-day […]
Countries track passengers of hantavirus-hit cruise ship – World
Countries worldwide sought to prevent further spread of the hantavirus on Thursday, after an outbreak on a cruise ship, by tracking those who had already disembarked before the virus was detected and anyone in close contact with them since. Three people — a Dutch couple and a German national — died in the outbreak on […]
Breathe Pakistan 2026: Need for multi-sectoral approach towards climate action highlighted – Pakistan
UN Women official calls for treating inclusion of women, girls and youth in climate policy-making as “a condition of survival”. The second edition of the Breathe Pakistan International Climate Change Conference, organised by DawnMedia, concluded in Islamabad on Thursday after two days of deliberations on climate resilience, adaptation, energy transition, water security, urban planning, agriculture, […]
Foreign reserves rise by $23m
KARACHI: The State Bank of Pakistan (SBP) reported a $23 million increase in its foreign exchange reserves during the week ended April 30, 2026, which reached $15.85 billion. The country’s total liquid foreign reserves stood at $21.29 billion, of which commercial banks held net reserves of $5.44 billion. Furthermore, the rupee saw a marginal gain […]
Govt mulls allowing commercial banks to take over mortgaged houses 90 days after default – Pakistan
ISLAMABAD: The government on Thursday decided in principle to grant commercial banks significant powers to take over mortgaged houses in case of default after a cumulative notice period of 90 days, in a move aimed at encouraging lending to the housing sector. The proposed foreclosure law to amend “The Financial Institutions (Recovery of Finances) Ordinance, […]