KATHMANDU, May 29 (ABC): A passenger plane with 22 people on board went missing in Nepal on Sunday, the operating airline and officials said, as poor weather hampered a search operation. Nepal’s air industry has boomed in recent years, carrying goods and people between hard-to-reach areas as well as foreign trekkers and climbers. But it has a poor safety record. …

ISLAMABAD, May 29(ABC): After removing subsidies from petroleum products, the government is likely to increase the system gas tariff by 40-50% in its continued bid to revive the $6 billion International Monetary (IMF) programme, expecting the revenue requirement determination for the fiscal year 2022-23 by the Oil and Gas Regulatory Authority (OGRA) in June,  reported Sunday, citing a senior energy …

ISLAMABAD, May 28(ABC): Pakistan is likely to get $2.5 billion from China after both sides reached an agreement on economic package. According to sources privy with the development, foreign exchange reserves will increase while pressure of foreign debt payments will reduced after Chinese funds are received. Sources further said that government is also in talks with China for economic package …

ISLAMABAD, May 28(ABC): The federal government has scrapped the import ban on certain items, other than cat and dog foods, the Ministry of  Commerce clarified Saturday. The government had on May 19 imposed a ban on the import of non-essential luxury items under an “emergency economic plan” to “save the country precious foreign exchange”. The move was widely hailed but …

ISLAMABAD, May 28(ABC): Government and its coalition partners have agreed on name of Justice (retd) Maqbool Baqar as new Chairman of National Accountability Bureau (NAB). According to sources privy with the development, the name of former Supreme Court judge came under discussion during meeting of Prime Minister Imran Khan and former president Asif Ali Zardari. Sources further said that Government …

LAHORE, May 28(ABC): Prime Minister Shehbaz Sharif’s counsel Saturday argued that the Rs16 billion money laundering case was “politically motivated” and “based on mala fide intentions” because the PTI government wanted to imprison his client. The arguments came during the hearing of the money laundering case at the special court (Central-I) where the prime minister and his son Punjab Chief …

ISLAMABAD, May28(ABC): Following the decision to increase the prices of petroleum products by Rs30 a day ago in a bid to revive the International Monetary Fund’s (IMF) programme for Pakistan, Prime Minister Shehbaz Sharif on Friday said that the government will include a Rs28 billion package in the upcoming budget to provide relief to the masses. Addressing the nation, the …

ISLAMABAD 27 May (ABC): Prime Minister (PM) Shehbaz Shareef and Opposition leader Raja Riaz held meeting on Firday to made consultation on new Nab chairman at PM house. Fawad Hassan Fawad, Qamar Zaman, Bashir Mamon and Irfan Qadir Sheikh were the names present for NAB chairman. According to source both leaders agreed to consult with their allied parties to finalize …

PESHAWAR, May 27(ABC): PTI Chairman Imran Khan Friday rebutted rumours of his party striking a deal with the establishment and said that he ended the “Azadi March” to avoid bloodshed. In a surprise move on Thursday morning, Khan gave a six-day ultimatum to the government to announce the election date, warning to return with three million people after chaos gripped …

SKARDU, May 27(ABC): Renowned Pakistani mountaineer Ali Raza Sadpara passed away in the wee hours of Friday at the age of 55, reported. Ali Raza Sadpara had suffered critical injuries after falling from a mountain during a routine climbing practice near his village in Skardu. He met an accident while pre-expedition preparation of his K-2 summer expedition and got severe …