By Staff Reporter
ISLAMABAD: The National Economic Council (NEC) on Wednesday decided to close markets across the country at 8:30pm to conserve energy, which has become too expensive to afford for the consumers in Pakistan.
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Operational Issues: British Airways offs direct Pakistan’s flights for fortnight
By Staff Reporter
ISLAMABAD: British Airways on Tuesday suspended its direct flights from London’s Heathrow Airport to Islamabad owing to operational issues for fifteen days (June1-30).
CM Punjab election: Court serves notices on Hamza, AGP, others
By Staff Reporter
LAHORE: The PTI’s petition seeking Hamza Shehbaz’s election as Punjab chief minister declared illegal has succeeded in having a court serve notices on Prime Minister’s son, the Attorney General of Pakistan, and others.
Rupee Devaluation: Govt needs Rs165.2bn to pay foreign loans in FY22
By Staff Reporter
ISLAMABAD: The government direly needs Rs165.2 billion for servicing foreign loans during the outgoing fiscal year as the rupee has slumped to record low against the dollar.
Top general warns against politicising country’s nukes
By Staff Reporter
ISLAMABAD: Top military brass on Monday issued a strong caveat against irresponsible comments on the country’s nuclear arsenal, a message most probably meant for ex prime minister Imran Khan for a political jibe about the safety of the country’s deterrence against the nuclear-armed India.
Power at large
By Staff Reporter
KARACHI: On the mornings of long power-less nights, hot and bothered sleep-deprived employees totter into their offices after burning the country’s history’s most expensive fuel and blackguard their employers in hushed tones for eternally stagnant salaries.
Markets smile, households groan over soaring energy prices
By Staff Reporter
ISLAMABAD: The markets may have responded rather well to the government’s recent moves to put a stalled International Monetary Fund (IMF) bailout back on track, but households are staggering under the enormous burden of inflation brought on by successive hikes in energy prices.
An open truck seen transporting sensitive PMC records to an unknown location Saturday June 4, 2022. Independent Pakistan Staff Photo
Tampering with evidence?
By Staff Reporter
ISLAMABAD: The functionaries of Pakistan Medical Council (PMC) are removing the official records of the
Political stability goes before economic stabilisation
By Staff Reporter
A day after Moody’s downgraded Pakistan’s outlook from stable to negative citing “political and social risk”, British weekly the Economist has provided an apt translation for the obscure jargon: “Imran Khan is jeopardising Pakistan’s attempts to fix its economy”.
$23bn in FY23: Big swell in foreign debt servicing
By Staff Reporter
ISLAMABAD: The cost of total foreign debt servicing is seen snowballing to $23 billion for the budget 2022-23 as repayment of commercial loans has now assumed a major chunk of an outstanding amount of $6 billion out of total obligations.