Commander southern command Lt-Gen Sarfaraz Ali was on board the Army Aviation helicopter along with 5 others. By Staff Reporter ISLAMABAD: There is no word
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Prime Minister Shehbaz Sharif pictured visiting flood victims’ camps in Khushnub in the Qila Saifullah district of Pakistan’s largest province in this photo courtesy of Prime Minister’s Office.
PM Sharif visits Balochistan as flood deaths climb
The prime minister received in-depth briefings on relief operations, and ordered provision of hot food in relief camps. By Naveed Naqvi ISLAMABAD: Prime Minister Shehbaz
Select committee to mull regulation of medical profession
Two draft laws seeking to regulate the medical profession are due back in Senate in two days. By Naveed Naqvi ISLAMABAD: The Senate Monday sent
#MeToo: Former NAB chief seeks reprieve from harassment proceedings
Facing allegations of sexual harassment and abuse of office from Tayyaba Gul, Justice Javed Iqbal has approached Islamabad High Court. By Naveed Naqvi ISLAMABAD: Former
July inflation hits 14-year high as another rate hike looms
By Staff Reporter
KARACHI: July inflation accelerated to its highest in 14-year on runaway food prices, stoked by a battered rupee, raising prospects of more rate hike by central bank later this month, official data showed on Monday.
“Pakistan will solve temporary economic crisis with IMF help”
By Staff Reporter
KARACHI: Pakistan’s economic problems are only temporary, and the government is committed to forcefully managing especially its ballooning debt with assistance from the International Monetary Fund (IMF), finance ministry said, expressing its confidence that measures were moving the country in the right direction.
Final Lap: Pakistan seeking bilateral commitments to plug financing hole
The ruling PDM has burnt a lot of political capital, making a series of tough calls to put an IMF bailout back on the rails
Finance minister Miftah Ismail addressing a press conference in Islamabad on July 31, 2022. PID Photo
Govt withdraws fixed tax on traders after protests
By Staff Reporter
ISLAMABAD: Pakistan, struggling with weak finance, withdrew a fixed tax of Rs3000 on small traders with electricity consumption of less than 150 units per month after countrywide protests from businesses that have been ill-prepared for the change.
Pakistan reduces petrol prices; raises diesel rate
By Staff Reporter
ISLAMABAD: The government on Sunday night announced a decrease in petrol price to pass on a decline in global prices to inflation-hit consumers.
PSO scrambles to avoid first major default of Pakistan economic crisis
By Staff Reporter
ISLAMABAD: State-run Pakistan State Oil (PSO) was rescued by the government on Sunday through a Rs30 billion emergency funding as the state-run oil giant, buckling under the cost of soaring oil import prices and stuck-up receivables, was racing against the clock to avoid becoming the country’s first default.