ISLAMABAD: The government lowered its contribution to a new pension fund for federal workers while formalising the shift away from a traditional retirement system, aiming to curb soaring liabilities that have become a fiscal drag.
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Pakistan poised to unlock over $1 billion IMF tranche despite fiscal slippages – report
ISLAMABAD: Pakistan is on track to secure more than $1 billion as the third tranche of its International Monetary Fund bailout, even with some fiscal shortfalls, as officials kick off policy-level talks with a visiting IMF review mission, Dawn newspaper reported on Saturday.
Islamabad, Kashmiri protesters reach deal to end deadly unrest in Himalayan region
MUZAFFARABAD: The government has reached a deal with protesters in Azad Jammu and Kashmir to end weeks of unrest that turned deadly, reopening roads and restoring calm to the territory after clashes left at least 10 people dead and scores injured, officials announced on Saturday.
FBR uncovers Rs384 million customs fraud at Karachi airport
KARACHI: The Federal Board of Revenue has exposed a sprawling customs fraud at Jinnah International Airport in Karachi, involving the illegal removal of high-value electronic goods worth hundreds of millions of rupees without proper declarations or payment of duties, a statement said on Friday.
Security forces kill seven terrorists in Balochistan operation
ISLAMABAD: Security forces have killed seven terrorists in a high-stakes intelligence-based operation in Balochistan’s Sherani district, the military announced on Friday, marking another blow to militant groups in the restive region.
Second round of negotiations launched in AJK to defuse protests, strike continues
ISLAMABAD: A second round of negotiations convened on Friday in Muzaffarabad between the government officials and the Joint Awami Action Committee (JAAC), a civil society alliance spearheading weeks of protests that have plunged Azad Jammu and Kashmir into turmoil, as both sides sought to defuse a crisis marked by deadly violence and a regionwide shutdown.
FM Dar says Trump Gaza peace plan differs from Muslim nations’ draft but backs final outcome
ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar distanced Pakistan on Friday from a 20-point Gaza peace plan unveiled by US President Donald Trump, saying it differed from a draft proposed by Muslim nations but insisting the negotiated result left no room for political maneuvering.
Punjab CM Nawaz rejects apology in PPP spat
By Staff Reporter LAHORE: Punjab Chief Minister Maryam Nawaz on Thursday firmly declined to apologise for her sharp remarks against the Pakistan Peoples Party (PPP),
Trade gap widens 46 percent to $3.34 billion in September
ISLAMABAD: Pakistan’s trade deficit surged nearly 46 percent in September to $3.34 billion, official data released Thursday showed, driven by a sharp rise in imports and a steep drop in exports.
ECC approves Rs24 bln for security; reforms barter with Afghanistan, Iran, Russia
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet approved approximately Rs24 billion in supplementary grants on Thursday to fund security measures and urgent costs tied to the shuttered Roosevelt Hotel in New York, while endorsing reforms to a barter trade mechanism for commerce with Afghanistan, Iran, and Russia.