Drap dismisses reports of essential medicine price hikes amid global supply chain uncertainty – Pakistan

The Drug Regulatory Authority of Pakistan (DRAP) on Sunday dismissed reports of price hikes in essential medicines across the country, stating that the rates have not “undergone any upward revision”. The statement comes as stakeholders in recent news reports alleged that an unprecedented increase in medicine prices had been observed since February 2024. Pakistan Drug…

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FIA arrest father-son duo in human smuggling case

FAISALABAD: The Federal Investigation Agency has arrested a father and son duo from Madina Town here, working for an international human smuggling gang. The FIA ​​has stated that a case has been registered against Muhammad Ahmed and his father Shahid Hameed over their involvement in human smuggling. The gang’s agents in Cambodia Sarob Fatima, Faizan…

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Islamabad set to host meeting for Middle East de-escalation – Pakistan

• Saudi Arabia, Turkey, Egypt foreign ministers arrive for quadrilateral huddle• PM speaks to Pezeshkian for over an hour to push for peace, condemns strikes on Iran• Iranian president underscores ‘deep mistrust’ of US, seeks confidence-building measures• US-Iran direct talks mediated by Pakistan likely in Islamabad next week; Insider claims ceasefire may precede this meeting…

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IMF stamps staff-level settlement with Pakistan, unlocks .2bn disbursement

IMF stamps staff-level settlement with Pakistan, unlocks $1.2bn disbursement

ISLAMABAD: The Worldwide Financial Fund (IMF) and the Authorities of Pakistan have reached a staff-level settlement on the nation’s mortgage programme, a key step towards unlocking $1.2 billion in funding.In an announcement on Saturday, the Fund stated the settlement, which requires IMF board’s approval, would give Pakistan entry to $1 billion beneath the Prolonged Fund…

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Pakistan eases export rules for Iran, Central Asia

Three-month waiver on bank guarantees, credit letters covers rice, seafood, pharmaceuticals among other commodities Increased sourcing from the US reduces reliance on the Strait of Hormuz — a narrow maritime corridor through which a substantial proportion of global oil trade passes and which remains vulnerable to geopolitical tensions. Photo: Reuters ISLAMABAD: The Ministry of Commerce…

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Pakistan plans app-based gas subsidy for low-income customers amid power disaster

Pakistan plans app-based gas subsidy for low-income customers amid power disaster

Govt to roll out quota system for two- and three-wheelers with digital vouchers and QR-based monitoring As the town runs on fumes, motorcyclists line up at a petroleum pump in Karachi, ready their flip amid surge in gas costs. Photograph: Jalal Qureshi / Categorical ISLAMABAD: The federal government has determined to introduce a cellular application-based…

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