Pakistan

• Deputy PM says PML-N won’t abandon PPP despite having better strength in parliament now • Interior minister dismisses reports about president’s removal, says two parties, army ‘on same page’ • PPP leader claims party in no mood to join federal or Punjab cabinet LAHORE: Two key federal ministers on Saturday dismissed speculations regarding the disintegration of the PML-N-PPP alliance, saying the two parties, and even the army were “on the same page”. However, the enthusiasm regarding the coalition was a bit more diminished among PPP leaders who accepted having differences with the ruling party and also stressed the party has no desire to take ministries in the federal government. While talking to the media in Lahore, Deputy Prime Minister and Foreign Minister Ishaq Dar said that the PML-N’s total seats in the National Assembly have increased after the distribution of reserved seats in light of the Supreme Court’s order but the party was in no mood to shun PPP. “The Bilawal-led party stood by the government d...

RAWALPINDI: Pakistan’s Meteorological Depart­ment on Saturday issued an alert for heavy rains in the upper parts of the country, including the twin cities of Rawalpindi and Islamabad, for July 6 and 7. The alert said that heavy to very heavy rainfall from Sunday to Monday may trigger flash floods in local streams of Murree, Galiyat, Mansehra, Kohistan, Abbottabad, Buner, Chitral, Dir, Swat, Shangla, Nowshera, Swabi, Mardan and Islamabad/Rawalpindi. Flash flooding is also possible in the hill torrents of D.G. Khan, northeast Punjab, Kashmir and parts of Balochistan. Officials warned that landslides and mudslides could cause road closures in vulnerable hilly areas of Khyber Pakhtunkhwa, Murree, Galiyat and Kashmir during the wet spell. Chilas records its highest temperature since 1997, hitting 48.5 degrees Celsius The department said heavy downpours may also cause urban flooding in low-lying areas of Islamabad, Rawalpindi, Gujranwala, Lahore, Sialkot, Sargodha, Faisalabad, Nowshera and Peshawar. An official sai...

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KARACHI: Foreign exchange companies contributed around $450 million to remittance inflows during June, taking their total contribution to approximately $5 billion in FY25, according to the Exchange Companies Association of Pakistan (ECAP). “We sold about $450m to banks in June, highlighting our growing role in supporting the country’s exchange rate stability,” said Zafar Paracha, Secretary General of ECAP. Exchange companies have welcomed the State Bank of Pakistan’s (SBP) recent decision to include them in the Pakistan Remittance Initiative (PRI). For years, these companies have demanded similar incentives to those offered to banks, arguing that they also play a crucial role in channelling remittances. “This incentive will certainly boost remittance inflows through exchange companies, and I believe FY26 could witness a new record,” Mr Paracha said. He estimated the total remittances handled by exchange firms during FY25 to be around $5bn, although he noted the figure is not yet officially confirmed. The SBP ...

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