Senator Mushahid Hussain says CPEC is the single most transformative initiative for Pakistan’s economic development in the last 30 years. By Naveed Naqvi.
Independent Pakistan – I know what I believe I know
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Pakistan, IMF deadlocked over the size of minibudget
Although the two sides agree Pakistan’s budget for the current fiscal is broken, there is a yawning gap over how much fresh revenue Islamabad needs to raise to bridge the fiscal gap. By Muhammad Ali.
PTI and Islamabad’s season of evictions
They are not lawmakers anymore, so why are they still occupying parliamentary lodges? And so, we have a drive of evictions underway at the federal capital. By Naveed Naqvi.
PM Sharif says IMF giving tough time on bailout loan
By Staff Reporter
ISLAMABAD: Minister Shehbaz Sharif said on Friday the International Monetary Fund is giving Pakistan a difficult time in negotiations amid negotiations with the International Monetary Fund as the country battles an unprecedented economic crisis.
Minister of State for Petroleum Dr Musadik Malik. Photo courtesy of APP.
Musadik Malik: Russian oil on tap in April
Islamabad is looking to source 20 percent of its oil imports from Russia, said the Minister of State for Petroleum in a written reply submitted in Senate. By Naveed Naqvi.
Forex reserves sink to 18 days worth of import cover
By Staff Reporter
KARACHI: Foreign exchange reserves have fallen to $3.09 billion, its lowest levels since February 2014, after paying off some of the country’s external debt, the central bank said on Thursday.
Former interior minister Sheikh Rashid Ahmed arrested
By Naveed Naqvi
ISLAMABAD: Sheikh Rashid Ahmed, former interior minister and a close ally of Imran Khan was arrested in the early hours of Thursday, officials said.
Soaring food prices push January inflation to 48-year high
By Staff Reporter
ISLAMABAD: A biggest jump in food prices pushed Pakistan’s inflation a 48-year high in January in a new blow for households grappling with a cost-of-living crisis in the cash-strapped country.
Court grants bail to Fawad Chaudhry in sedition case
By Staff Reporter
ISLAMABAD: A court on Wednesday granted bail to senior Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry in a sedition case and ordered his release.
Inflation projection raises to 26 percent for FY2023
By Staff Reporter
ISLAMABAD: The Finance Ministry sent a stark warning that the country risks a double-whammy of stagflation and an empty coffer as it pushed up its 2023 inflation projections to 26 percent.