By Staff Reporter
ISLAMABAD: Pakistan said on Thursday it would not extend the deadline for illegal immigrants to leave the country by the end of this month, and warned of legal action against those who stay beyond November 1.
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Ex-PM Sharif gets bail, set to return from London
By Staff Reporter
ISLAMABAD: The Islamabad High Court on Thursday granted protective bail to former prime minister Nawaz Sharif in two corruption cases until October 24, paving the way for his return to Pakistan after nearly four years of self-imposed exile.
Pakistan pump prices cut by PKR 40/litre
The hefty price cut comes as a rare repeieve to the common Pakistani, grunting under the burden of near historic economic hardship. By Muhammad Ali.
Forex reserves rise, forward book shrinks as Pakistan follows IMF plan
By Staff Reporter
KARACHI: Pakistan’s central bank said on Friday it has met an end-September deadline for a forward book target of $4.2 billion agreed with the IMF and is comfortably placed to meet others on net international reserves and net domestic assets.
Pakistan borrows $3.5 billion in July-September, up 58pc year-on-year
By Staff Reporter
ISLAMABAD: Pakistan’s external borrowing jumped 58 percent in the first quarter of the current fiscal year 2023-24, as the country sought to bolster its foreign exchange reserves and meet its debt obligations amid a challenging economic situation.
Suzuki Motor plans to take over Pak Suzuki, exit Pakistan bourse
By Staff Reporter
KARACHI: Pak Suzuki Motor Co Ltd, Pakistan’s biggest carmaker, said on Thursday it will consider a proposal by its parent company Suzuki Motor Corp to buy out its minority shareholders and de-list from the Pakistan Stock Exchange (PSX).
Pakistan’s budget gap seen wider than target – IMF
By Staff Reporter
ISLAMABAD: Pakistan’s fiscal deficit is expected to exceed the government’s target by more than one percentage point of gross domestic product in the current financial year, the International Monetary Fund (IMF) said on Wednesday.
Supreme Court upholds law on its own affairs, but limits right of appeal
By Staff Reporter
ISLAMABAD: Pakistan’s Supreme Court on Wednesday upheld a law that gives a panel of three senior judges the authority to regulate the court’s own affairs, including how cases are assigned and which judges hear them.
Pakistan seeks financial adviser to privatise loss-making national airline
By Staff Reporter
ISLAMABAD: Pakistan will hire a financial adviser to draft a plan to privatise its money-losing national airline, as part of its fiscal discipline agreement with the International Monetary Fund (IMF).
Pakistan’s economy to grow faster than expected, IMF says
By Staff Reporter
ISLAMABAD Pakistan’s economy is on track to grow faster than previously forecasted by the International Monetary Fund, despite facing macroeconomic and security challenges.