ISLAMABAD: The Federal Investigation Agency (FIA) has started an investigation into the allegations of illicit imports and operational irregularities within the liquefied petroleum gas (LPG) sector, following directives from the Special Investment Facilitation Council (SIFC). These allegations, purported to have caused losses worth billions of rupees to consumers and the country’s foreign excha
Despite the nation’s many hopes and expectation, the country’s political leadership has yet not been able to agree on a charter of economy or a common minimum agenda for the newly elected government to pursue for the next five years. However, ongoing developments indicate that the country’s multiple crises are likely to be addressed on an issue-to-issue basis either through the parliamentary pr
The stars appear to be finally aligning for the long-awaited Iran-Pakistan (IP) gas pipeline. Driven by necessity and bolstered by the current global environment, Pakistan has set its sights on commencing and swiftly completing a small 80-kilometre stretch of the pipeline. Originally envisioned to span 785km in total, running from the Iran border through Balochistan to Sindh and extending to Pu
UNITED NATIONS: Pakistan has urged the United Nations to strengthen its commitment to supporting developing nations in tackling debt sustainability challenges. Stressing that this burden has notably impeded efforts related to climate change and gender equality, Pakistan highlights the need for increased assistance in these crucial areas. In a recent gathering organised by the Group of Friends o
WASHINGTON: The country’s debt burden will feature prominently in talks as Pakistan engages with the International Monetary Fund (IMF) later this month to seek assistance in boosting its ailing economy. The first such engagement, expected this month, will focus on the release of the final tranche of the expiring $3 billion loan package. Pakistan will initiate another round of talks for a new th