By Staff Reporter
ISLAMABAD: Pakistan has placed its first order for discounted Russian crude oil under a new deal struck between Islamabad and Moscow, with one cargo to dock at Karachi port in May.
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Govt strategises post-Eid consultations with ruling coalition, opposition parties on polls date
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif presided over a crucial meeting on Wednesday to delve into the country’s political situation and devise strategies to tackle legal and constitutional challenges.
Justice Isa says suo motu power of Supreme Court not solely for chief justice
By Staff Reporter
ISLAMABAD: The senior puisne judge of the Supreme Court, Justice Qazi Faez Isa, said the Constitution gave the top court the power to take suo motu notice, and this power was not exclusively for the Chief Justice of Pakistan (CJP).
Pakistan struggles to secure foreign loans, records 40pc fall in July-March period
By Staff Reporter
ISLAMABAD: Pakistan’s ability to secure foreign loans has decreased by 40 percent in the first nine months (July-March) period of the current fiscal year, as it only managed to secure a total of $7.7 billion compared to $12.7 billion in the same period last year, official figures showed on Wednesday.
Supreme Court rejects defense ministry’s request to hold simultaneous elections in Pakistan
By Staff Reporter
ISLAMABAD: The Supreme Court of Pakistan on Wednesday rejected a request from the defense ministry to hold provincial and national elections elections in Pakistan on the same date, but indicated it would be open to changing the election date for the province of Punjab if the political parties can come to an agreement.
Pakistan records current account surplus in March on import curbs
By Staff Reporter
KARACHI: Pakistan saw its first current account surplus in two and a half years in March, as government restrictions on imports helped boost the country’s balance of payments, State Bank of Pakistan (SBP) data showed on Wednesday.
Pakistan presents revised financing plan to IMF to tackle $5-6bn external deficit
By Staff Reporter
ISLAMABAD: Pakistan has presented a revised external financing strategy to address the $5 to $6 billion deficit by the conclusion of June 2023 and has urged the International Monetary Fund (IMF) to promptly reach a staff-level consensus on a long-delayed bailout program, The News reported on Wednesday
Defense Ministry requests Supreme Court to review May 14 Punjab Assembly elections
By Staff Reporter
ISLAMABAD: Pakistan’s Defense Ministry has urged the Supreme Court to reconsider its decision to hold elections in the Punjab Assembly on May 14, as stated in the court’s order on April 4.
PPP’s call for dialogue with PTI meets with resistance from ruling coalition
By Staff Reporter
ISLAMABAD: Pakistan’s ruling coalition failed to reach a consensus on Tuesday on a proposal put forth by the Pakistan People’s Party (PPP) to hold talks with the opposition Pakistan Tehreek-e-Insaf (PTI) party, aimed at resolving the ongoing political impasse.
Lawyers to observe black day against suspension of Supreme Court bill
By Staff Reporter
ISLAMABAD: Lawyers body, demanding the recall of an interim order to suspend the proposed Supreme Court (Practice and Procedure) Bill, 2023, expressed serious concern over the top court’s role in the current political crisis and have planned to protest the suspension of the bill by observing a “Black Day” on Tuesday.