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Pakistan and Saudi Arabia negotiate JF-17 jets in exchange for $2bn loan conversion

BeNewz report ISLAMABAD: Pakistan and Saudi Arabia are engaged in advanced discussions to convert approximately $2 billion in existing Saudi loans into a major deal for Pakistan’s JF-17 Thunder fighter jets, according to two well-placed Pakistani sources familiar with the matter. The potential agreement, which one source valued at up …

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NEPRA slashes national average electricity by 62 paise for 2026

BeNewz Report ISLAMABAD: For millions of electricity consumers, the National Electric Power Regulatory Authority (NEPRA) has reduced the national average uniform electricity tariff by 62 paise per unit for the calendar year 2026 (January to December), bringing it down to Rs 33.38 per kWh from the previous Rs 34.00 per …

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Pakistan cruise to 6-wicket victory over Sri Lanka

BeNewz Report DAMBULLA: Pakistan kicked off their tour of Sri Lanka with a commanding six-wicket victory in the first T20I at the Rangiri Dambulla International Stadium, chasing down a modest target of 129 with 20 balls to spare. The win gives the visitors a 1-0 lead in the three-match series, …

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Sri Lanka host Pakistan in T20I series opener Ahead of World Cup

BeNewz Report DAMBULLA: The three-match T20I series between Sri Lanka and Pakistan kicks off tonight at the Rangiri Dambulla International Stadium, with both teams using the fixtures as crucial preparation for the upcoming ICC Men’s T20 World Cup 2026, co-hosted by India and Sri Lanka next month. With the World …

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No gas price hike for next six months

Aftab Maken ISLAMABAD: The 12th meeting of the National Assembly Standing Committee on Petroleum, chaired by Syed Mustafa Mehmood, reviewed significant developments in the gas and LNG sector, with Federal Minister for Petroleum Ali Pervaiz Malik highlighting major reforms and consumer relief measures. The Federal Minister informed the Committee that …

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Sameer blistering century powers Pakistan to win title

BeNewz Report HARARE: Pakistan Under-19 cricket team delivered a commanding performance to clinch the Zimbabwe Under-19 OD Tri-Series title, thrashing hosts Zimbabwe Under-19 by nine wickets with a staggering 202 balls to spare in the final at Old Hararians Sports Club. Opting to bat first after winning the toss, Zimbabwe’s …

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Intruder arrested after breaching security at QAU girls’ hostel

Aftab Maken ISLAMABAD: A major security lapse was reported at Quaid-i-Azam University (QAU) in the early hours of January 3, 2026, when a young man was apprehended after unlawfully entering a high-security residential area of the campus, officials confirmed. According to the First Information Report (FIR No. 4/26) registered at …

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Trade deficit surges to $19.204 bn amid sharp export decline

Aftab Maken ISLAMABAD: Pakistan’s merchandise trade deficit widened significantly to $3.705 billion in December 2025, marking a 23.8% increase from $2.993 billion in the same month the previous year, according to provisional data released by the Pakistan Bureau of Statistics (PBS). The deterioration was driven primarily by a steep 20.4% …

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Weekly SPI drops 0.67%, says PBS

Aftab Maken ISLAMABAD: The Pakistan Bureau of Statistics (PBS) has released the latest Sensitive Price Indicator (SPI) data, showing a welcome decline of 0.67% for the week ended January 01, 2026, said an official data of PBS here on Friday.  The SPI, a key tool for monitoring short-term inflation, tracks …

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CCP fines Mezan beverages Rs150m

Aftab Maken ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs 150 million on Mezan Beverages (Private) Limited. The company was found to have imitated the packaging and trade dress of PepsiCo’s Sting energy drink, thereby engaging in deceptive marketing practices in violation of Section 10 …

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