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Petroleum Prices Stabilisation Fund
Pakistan

Govt establishes Petroleum Prices Stabilisation Fund

ISLAMABAD: The government has established a Petroleum Prices Stabilisation Fund to help shield the domestic market from sharp fluctuations in international oil prices. The Ministry of Finance issued a formal notification creating the fund and allocating a dedicated public account head and object code for its operations, according to official […]

legal authority
Business

SBP bars banks from freezing accounts without legal authority

ISLAMABAD: The State Bank of Pakistan (SBP) has directed banks across the country not to freeze or restrict customers’ bank accounts without legal authority and approval from the competent authority, issuing fresh guidelines in compliance with an Islamabad High Court (IHC) order. According to the central bank’s directive, banks must […]

Paraguay
Sports

Paraguay stun Germany to reach World Cup last 16

MASSACHUSETTS: Paraguay secured a place in the FIFA World Cup round of 16 after defeating Germany 4-3 in a penalty shootout following a 1-1 draw after extra time, producing one of the biggest upsets of the tournament. Julio Enciso gave Paraguay the lead late in the first half with a […]

One Constitution Avenue
Pakistan

PM forms JIT to investigate One Constitution Avenue case

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a high-powered Joint Investigation Team (JIT) to investigate the controversial One Constitution Avenue case following the recommendations of a special committee formed to review the matter. According to sources, the committee headed by Law Minister Azam Nazeer Tarar submitted its findings to the […]

safari park
Pakistan

CDA approves 350-acre wildlife safari park in Islamabad

ISLAMABAD: The Capital Development Authority (CDA) has approved plans to develop a 350-acre wildlife safari park in Islamabad, aiming to create an international-standard ecotourism destination in the federal capital. According to the CDA, the safari park will be established in the Malpur Forestry Park area along Murree Road near Bhara […]

Sihala
Pakistan

14 under-trial prisoners escape from police van near Sihala

RAWALPINDI: At least 14 under-trial prisoners escaped from a police transit van near Sihala on Monday after allegedly throwing chilli powder into the eyes of police personnel during their transfer back to Adiala Jail. According to the Rawalpindi police spokesperson, the prisoners were being transported from a court in Kahuta […]