ISLAMABAD: After a delay of over three weeks, the Oil and Gas Regulatory Authority (Ogra) on Friday notified average sale price for re-gasified liquefied natural gas (RLNG) for last month (September) at about $15.35 per million British thermal unit (mmBtu), which is over 16 per cent higher than the rate of previous month (August). The RLNG price notification, which is …

ISLAMABAD: Consumer prices influenced by faster rupee depreciation and rising energy prices last month increased to their highest level in three months, the Pakistan Bureau of Statistics (PBS) data showed on Friday. Inflation measured by Consumer Price Index surged to nine per cent in September from 8.4pc in August, the period when global oil prices kept on rising steadily, undermining …

ISLAMABAD: Prime Minister Imran Khan has expressed the hope that the track and trace system (TTS) being launched in the country will help generate additional revenue. The prime minister in a tweet on Friday described the launching of TTS by the Federal Board of Revenue (FBR) as more good news. “It will boost additional revenue, digitise the economy, curb counterfeiting …

LAHORE: With the five-year international sukuk of $1 billion maturing on Oct 13, the government is yet to decide the timing for the issuance of new dollar-denominated Shariah-compliant papers or Eurobonds to raise fresh debt. The government plans to purchase a total of $3.5bn debt through international bonds during the current fiscal year. Of that amount it already lifted $1bn …

ISLAMABAD: National Security Adviser (NSA) Dr Moeed Yusuf said on Friday a stable Afghanistan is inevitable for peace in the region. In an interview with a Russian TV channel, Mr Yusuf said Pakistan had always said that there should be a political solution to the Afghan issue as the country had been at war over the last four decades. “Pakistan …

KARACHI: The 11th edition of the multinational tri-service mega field training exercise — Exercise Cormorant Strike 2021 — concluded in Colombo, Sri Lanka, on Friday. According to information received here, the Pakistan Navy’s Special Service Group (SSG) participated in the exercise conducted under the auspices of the Sri Lankan Army at Infantry Training Center, Minneriya. Earlier, Exercise Director, Commander of …

SAINT PETERSBURG: Russia on Friday held its first royal wedding since the 1917 Bolshevik revolution toppled the Romanov monarchy, with aristocrats travelling from across Europe for the lavish ceremony. Grand Duke George Mikhailovich Romanov, 40, and his Italian fiancée Rebecca Virginia Bettarini, 39, were wed at Saint Isaac’s cathedral in the former imperial capital Saint Petersburg. Hundreds of foreign guests …

SEOUL: North Korea has successfully fired a new anti-aircraft missile, state media said on Friday, as the United Nations Security Council prepares to meet in response to a recent flurry of weapons tests by the nuclear-armed nation. The anti-aircraft missile had a “remarkable combat performance” and included twin rudder controls and other new technologies, the official Korean Central News Agency said. A …

WASHINGTON: Pakistan is capable of repelling any ‘jihadi’ attempt to seize power and of protecting its nuclear weapons, says a report by a prestigious US think-tank. The Brookings report — “The Agonising Problem of Pakistan’s Nukes” — argues that the Taliban victory in Afghanistan has emboldened militants in Pakistan, stirring fears of a resurgence of militant activities in the country. …

WASHINGTON: Democrats entered a second day of likely marathon negotiations on Friday to resolve splits over the scope of President Joe Biden’s domestic spending plans, knowing that failure could be crippling for the party. On Thursday, a game of political chicken between moderate Democrats and more leftwing members over two disputed spending bills ended in stalemate. The result was disappointing …