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Monsoon rains kill dozens more, leave thousands homeless in southern Pakistan
By Staff Reporter
KARACHI South and southwestern Pakistan that have been drenched in rain for days, braced for more heavy downpours on Saturday as the death toll from flooding across the country rose to over 120 while thousands were left marooned or homeless in low-lying areas, officials said.
Is PM Sharif dithering in the face of tough calls?
By Staff Reporter
ISLAMABAD: All levels of his government routinely underscore the need for “tough decisions to save the economy”, but Prime Minister Shehbaz Sharif seems to be dithering in the face of an imperative to raise energy prices.
PM Sharif’s party clinches key alliances ahead of Punjab by-polls
Both TNFJ and TIP represent the influential Shia Muslim vote bank, a Godsend for Sharif’s Deobandi-Sunni party. By Naveed Naqvi ISLAMABAD: Prime Minister Shehbaz Sharif’s
Pakistan central bank is ahead of the curve, acting Governor says
Monitoring Desk
KARACHI: State Bank of Pakistan Acting Governor Murtaza Syed discussed monetary policy and the outlook for the economy. The central bank on Thursday raised borrowing costs more than expected to quell Asia’s second-fastest inflation and meet conditions for a loan from the International Monetary Fund. Syed speaks on “Bloomberg Markets: Asia.” (Courtesy: Bloomberg)
Lots of condemnation, but no will to prosecute Javed Iqbal?
By Naveed Naqvi
ISLAMABAD: Federal Minister for Water Resources Syed Khursheed Shah is the latest of Pakistan Democratic Movement (PDM) politicians to react in strong terms to the alleged dishonorable behavior of former senior justice Javed Iqbal, but the coalition government is yet to signal in any way it intends to take legal action over the matter.
Consumer Alert: Hefty gas price hike on cards
By Staff Reporter
ISLAMABAD: Households and businesses will alike see their fuel bills swell if Prime Minister Shehbaz Sharif okays a proposal to hike gas prices for both households and industries.
SBP’s forex reserves fall below $10 billion
By Staff Reporter
KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves again fell below $10 billion in the week that ended June 30.
Pakistan’s LNG tender receives no offers
By Staff Reporter
KARACHI: Pakistan LNG Limited (PLL) did not receive a single offer in a $1 billion LNG import tender for 10 spot cargos for July to September deliveries, sources said.
Weekly inflation slows, but annual rate jump keeps pressure on govt
By Staff Reporter
ISLAMABAD: Weekly SPI inflation eased to 1.32 percent from 3.63 percent, but a rise in prices from a year earlier on higher food and energy costs adds to the miseries facing common Pakistanis.