KARACHI: Prime Minister Shehbaz Sharif urged the International Monetary Fund to consider the economic toll of recent floods in its program review during talks with the lender’s chief on Wednesday, as the country pushes reforms to sustain a fragile economic recovery.
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Supreme Court to hear challenges to 26th Amendment on Oct 7
ISLAMABAD: The Supreme Court of Pakistan will reconvene on October 7 to hear challenges to the 26th Constitution Amendment, a divisive measure that has fueled debate over judicial independence and legislative propriety.
Pakistan seeks IMF nod to restore wheat price support after crop yields falter
ISLAMABAD: Pakistan is turning to the International Monetary Fund to reinstate the annual announcement of a minimum support price for wheat, a move aimed at stabilising agricultural production after the policy’s abolishment triggered a decline in output and a surge in prices, food minister said.
Govt to seal Rs1.225 trillion bank deal to ease energy debts strain
ISLAMABAD: The government will sign a Rs1.225 trillion financing agreement with 18 domestic banks on Wednesday, a critical move to pare down the power sector’s crippling circular debt, which has choked utilities and weighed heavily on the nation’s economy.
Punjab unveils flood relief plan, sidesteps federal aid in swipe at Sindh
LAHORE: The Punjab government on Tuesday announced a sweeping relief package for millions affected by recent floods, introducing personalised relief cards to deliver aid directly to victims.
Trump pitches Gaza ceasefire plan to Muslim leaders, rejects Palestinian statehood at UN
ISLAMABAD: President Donald Trump met with Muslim leaders from the Middle East and beyond on Tuesday to unveil a plan to end Israel’s war in Gaza, hours after a combative UN General Assembly speech in which he rejected growing global support for Palestinian statehood as rewarding “horrible atrocities” by Hamas.
Blast derails Jaffar Express in Balochistan, several injured
QUETTA: An explosion derailed four cars of the Jaffar Express near Spezand in Balochistan’s Mastung district on Tuesday, injuring several passengers, including women and children, officials said.
TCP’s sugar tender draws $534.75/ton low offer – traders
KARACHI: Pakistan’s state trading agency received a low offer of $534.75 a metric ton, cost and freight included, in an international tender to purchase 100,000 tons of white sugar, according to initial assessments from traders.
Pakistan’s poverty edges up to 25.3 percent in reversal of long-running decline – World Bank
ISLAMABAD: Pakistan’s poverty rate climbed to 25.3% in the fiscal year through June 2024, reversing nearly two decades of steady declines, as economic shocks and policy missteps eroded earlier gains, according to a World Bank report.
Justice Jahangiri seeks urgent Supreme Court hearing after being restrained over degree doubts
ISLAMABAD: A judge on Islamabad High Court has asked the Supreme Court to urgently hear his challenge to a restraining order that has barred him from performing judicial duties, after questions arose about the validity of his law degree, court documents showed.