Latest news with #AssociatedPressofPakistan
Gulf Today
05-07-2025
- Business
- Gulf Today
Azerbaijan to invest $2 billion in economic sector of Pakistan
Pakistan and Azerbaijan on Friday signed a partnership agreement of US$2 billion investment in Pakistan, reflecting the continuing flow of investment in Pakistan, Associated Press of Pakistan (APP) reported. In the presence of Pakistani Prime Minister Muhammad Shehbaz Sharif, Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar and Azerbaijani Economy Minister Mikayil Jabbarov signed the agreement for investment of a total of US$2 billion by Azerbaijan in the economic sector of Pakistan. The agreement was signed between the two countries after a cordial meeting between the Prime Minister and the Azerbaijani President Ilham Aliyev in Khankandi. The agreement has taken investment and trade relations between the two countries to a historic level, according to APP. The agreement will prove to be a milestone for further promotion of brotherly relations between the two countries and for strengthening of trade partnership. Both countries also agreed on further exchanges to promote cooperation in various sectors. WAM
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Business Standard
02-07-2025
- Politics
- Business Standard
Pak to boost storage capacity as India stays firm on Indus water decision
Pakistan Prime Minister Shehbaz Sharif said the government would build a non-controversial water storage capacity by utilising resources such as the Diamer Bhasha dam and others Press Trust of India Pakistan Prime Minister Shehbaz Sharif has said that his government decided to enhance the water storage capacity, as India continued to hold the Indus Waters Treaty (IWT) in abeyance. A day after the April 22 Pahalgam terror attack, India took a series of punitive measures against Pakistan that included putting the Indus Waters Treaty of 1960 in "abeyance". Pakistan's massive agriculture is dependent on the Indus, Jhelum and Chenab rivers, and any effort to divert water, and even temporarily stop it, may spell disaster for the country. State-run Associated Press of Pakistan reported that Sharif, during a visit to the National Emergencies Operations Centre on Tuesday, talked about the water issue. Sharif said the "enemy" wants to take steps against the waters treaty. "For that, the government has decided that we will build our water storage," he said. He said the government would build a non-controversial water storage capacity by utilising resources such as the Diamer Bhasha dam and others. We will build this capacity with our own resources in the next few years. There is a critical role of the National Disaster Management Authority in this," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Express Tribune
17-06-2025
- Express Tribune
K-P proposes hike in traffic fines under new budget
Listen to article The KhyberPakhtunkhwa (K-P) government has proposed substantial increases in traffic violation fines under its Finance Bill for 2025-26, with a particular focus on regulating three-wheelers and curbing underage driving. For the first time, a separate category has been created for three-wheeled vehicles, including rickshaws and loaders, Associated Press of Pakistan (APP) reported on Tuesday. Fines for these vehicles will range from Rs200 to Rs10,000 depending on the nature of the violation. Non-compliance with route permits will incur a penalty of Rs5,000, which will be doubled for repeat offenders. Read More: K-P proposes Rs157b surplus in Rs2.1tr budget The bill also proposes stricter action against the use of fraudulent driving licences. Individuals found driving with fake documents may face fines between Rs5,000 and Rs10,000. Penalties for underage driving have also been revised. Fines for motorcycle riders under the age of 18 will increase from Rs1,000 to Rs3,000, while underage drivers of small cars will face fines of Rs5,000, up from the current Rs2,000. Officials said the proposed measures are aimed at improving road safety and traffic discipline across the province.
Express Tribune
14-06-2025
- Politics
- Express Tribune
Govt urges citizens to avoid travel to Iran amid escalating tensions
Listen to article The Government of Pakistan has issued a travel advisory urging its citizens to avoid traveling to Iran for a limited period due to the recent Israeli attacks, Associated Press of Pakistan reported on Saturday. Officials stated that the advisory has been issued to ensure the safety and security of Pakistani nationals, and the government is closely monitoring the evolving regional situation. In line with Prime Minister Shehbaz Sharif's directives, necessary steps are already being taken to ensure the safe return of Pakistani citizens currently in Iran, officials added. The Foreign Office has also established a crisis management cell to provide emergency assistance to citizens abroad. Read More: Israel warns of more strikes as Iran signals imminent 'heavy' attack Amid ongoing tension, several other countries have also issued travel advisories, advising caution to their citizens as the situation escalates. The U.S. Department of State is urging all Americans to exercise extreme caution in light of the ongoing Israel-Iran tensions. In a post on X, formerly Twitter, the State Department said, "Due to high tensions in the Middle East, the security environment remains complex and can change quickly. We remind U.S. citizens in Israel and the broader region of the continued need for caution and encourage them to monitor the news for breaking developments." Britain has also warned its citizens against traveling to Israel amid fears of an all-out war with Iran. In its latest travel advice, the Foreign Office advises against all but essential travel to the country. Explaining its advice, the Foreign Office pointed to the nationwide state of emergency declared in Israel and the Israeli strikes against nuclear and military facilities in Iran. The advisory warned that the situation could escalate rapidly and pose serious risks, including the possibility of missile strikes. Also Read: Iran claims downing of Israeli F-35, says female pilot captured Earlier today, Prime Minister Shehbaz Sharif expressed full solidarity with Tehran in a telephonic conversation with Iranian President Dr. Masoud Pezeshkian while also condemning Israel's 'unprovoked aggression.' In a statement issued by the Prime Minister's Office on Saturday, the premier expressed 'Pakistan's unwavering solidarity with the brotherly people of Iran' and denounced the Israeli strikes as an 'affront to international law and the UN Charter.' 'Iran has every right to self-defence under Article 51 of the UN Charter,' Sharif said, underscoring Islamabad's firm stance on the matter.
Gulf Today
27-05-2025
- Business
- Gulf Today
Pakistan's petroleum product exports surge by 118.71% in 10 months
Pakistan's exports of petroleum products surged 118.71 percent in the first ten months of the current fiscal year, the Associated Press of Pakistan (APP) reported on Tuesday, citing data from the Pakistan Bureau of Statistics (PBS). From July 2024 to April 2025, petroleum product exports totalled US$492.04 million, up from US$224.97 million in the same period a year earlier. The increase represents a $267.07 million gain in foreign exchange earnings on a year-on-year basis. PBS data also showed a 4.48 percent rise in the overall output of 11 petroleum products from local refineries during the reporting period. Diesel production rose 9.32 percent, while petrol output increased by 1.97 percent. Furnace oil production climbed 2.73 percent from the corresponding period last year, the data showed. WAM
