Pakistan’s debt nears Rs91tr, but falls as a share of the economy
Public debt rose by Rs6.21 trillion in a year, a senior Finance Ministry official said, while the debt-to-GDP ratio dropped to 71.7 percent and interest payments fell by a fifth.
National
Fauji Foundation buys nearly 20% of Pearl Continental owner for Rs6.55bn
The foundation paid Rs1,022.42 a share for its stake in Pakistan Services Limited, well above the prices paid in last year’s deals for the hotel group.
Fazl claims government is considering reversing FATA’s merger with KP
The JUI-F chief said senior officials told him the 2018 merger was a mistake, and linked the debate to the region’s minerals. He named no one, and the government has not responded.
Rs1.12 trillion of imports under FATA and PATA tax exemption under scrutiny, Senate panel told, with records found for only a third
Senator Saifullah Abro ordered the FBR and FIA to submit full records and fix responsibility, saying public money would be recovered at all costs.
Pakistan must reapply for EU’s GSP+ trade status before 2028, German ambassador says
Ina Lepel said the EU has set out areas Pakistan must address, as she reported that the number of Pakistani students in Germany has more than doubled to 13,000.
Gunmen fire on polio team and abduct four workers in KP’s Tank as national vaccination drive begins
Two more team members were taken and later freed in South Waziristan, where sources blame the terrorist group TTP
Imran Khan’s lawyer says he met him and Bushra Bibi in Adiala jail for 40 minutes, the first meeting in seven months
Barrister Salman Safdar says the session was not enough to cover all the cases, and that the couple gave him fresh instructions
Pakistan cuts petrol by Rs3.40 and diesel by Rs7.76 a litre from Tuesday as oil falls 6%
Petrol drops to Rs374.51 and diesel to Rs395.20, the regulator says, hours after the minister announced a Rs15 billion a month burden on refineries
Field Marshal Munir and China’s Liu Haixing vow to strengthen ‘all-weather’ partnership at GHQ talks on regional security
The senior Communist Party official also met Deputy PM Ishaq Dar, who sent greetings to President Xi Jinping
Gilgit-Baltistan marks 79th Independence Day with flag hoisting and 21-gun salute, honouring the 1947 uprising against Dogra rule
Ceremonies were held in all 10 districts for the fighters who ended Dogra rule and chose to join Pakistan
