Govt’s plan to settle Rs1,257bn debt hits snag as Chinese IPPs ‘unwilling’ to waive LPS

A pump jack is seen at sunrise near Bakersfield, California.— Reuters/FileGlobal supply to drop by 8m bpd in March due to Hormuz blockade.IEA says recovery of production could take weeks or months.IEA head says oil reserve release has ‘strong impact’ on markets.

The…

A representational image of PIA plane. — APP/File

Pakistan Civil Aviation Authority Director General Nadir Shafi Dar on Tuesday said the successful privatisation of Pakistan International Airlines was a clear testament to the government’s resolve to transform the…

A representational image showing the FBR logo. — FBR website/FileArrest warrants to be only be sought under specific preconditions.Sufficient measures taken to prevent misuse: revenue collector.Chairman-appointed three-member committee to approve warrants.