By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet approved an additional grant of Rs27 billion for the state-owned Pakistan State Oil (PSO) to overcome losses in a Kuwaiti diesel credit facility, finance ministry said on Tuesday, citing exchange losses due to rupee-dollar parity over the last one year.
Although he was unable to attend the courtroom because of rioting in the Judicial complex compound, the court accepted Khan’s intention to appear in person in good faith, lifting the arrest order against him and putting off his arraignment until later. By Naveed Naqvi.
By Staff Reporter
LAHORE: Lahore High Court on Thursday ordered police to postpone an operation to arrest Imran Khan for another day after violent clashes near his home in the eastern city of Lahore earlier week prevented law enforcers from detaining him.
A premier Cabinet panel has opted domestic production over imports to meet the estimated 300 MT Kharif shortfall of urea. By Muhammad Ali.
By Staff Reporter
ISLAMABAD: The Lahore High Court (LHC) on Wednesday ordered police to suspend an operation to arrest former Prime Minister Imran Khan until 10am on Thursday, pausing violent clashes between the security personnel and his supporters that erupted the previous day.
By Staff Reporter
ISLAMABAD: Clashes continued between police and Pakistan Tahreek-e-Insaf party on Wednesday after a night of violent standoff outside the residence of former prime minister Imran Khan in Lahore as authorities attempt to arrest the cricketer-turned-politician for failing to appear in court on a corruption case.
The move is aimed at luring farmers back to their once favourite cash crop after a crash in domestic production over the last few years, necessitating costly imports. By Muhammad Ali.
Although there are a few bright spots here and there, the economic downturn is taking a grim toll on the country’s industry. By Muhammad Ali.
The state-owned oil marketing monolith is in the middle of yet another recursion of its resident liquidity crunch, and while it is too big to fail, the government cannot spare enough cash this time. Cue PKR 50 billion in sovereign guarantees to back commercial borrowing. By Muhammad Ali.
The National Assembly’s powerful standing committee has shown strong reservations over mobile and internet service issues across the country, demanding to allow more players into the market. By Naveed Naqvi.
