By Staff Reporter
KARACHI: The State Bank of Pakistan’s (SBP) foreign currency reserves have dropped to levels worth just six weeks of imports, latest figures showed on Thursday.
Independent Pakistan – I know what I believe I know
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Rs30/ltr: IMF deal closer as oil subsidy slashed further
By Staff Reporter
ISLAMABAD: Pakistan on Wednesday came closer to an IMF deal after it reversed the subsidy on petroleum products by another Rs30/litre for the second time in the last seven days, adding fuel to the inflationary fires.
Trade deficit widens to record $43.33 billion
By Staff Reporter
ISLAMABAD: Trade deficit has widened to a record $43.33 billion in July-May on high oil import bill, which may further worsen the current account balance and devalue the rupee.
Moody’s downgrades Pakistan’s outlook to ‘negative’ from ‘stable’
By Staff Reporter
KARACHI: Rating agency Moody’s Investors Service downgraded Pakistan outlook to negative from stable on Thursday, citing higher fiscal risks due to a delay in the revival of International Monetary Fund’s bailout programme
PM Sharif slams Khan the doomsayer
By Staff Reporter
Prime Minister Shehbaz Sharif Thursday lambasted former Prime Minister Imran Khan over his cynical remarks about Pakistan’s prospects without him in power.
Inflation soars in May
By Staff Reporter
ISLAMABAD: Consumer inflation jumped to over 2-year high of 13.76 percent in May fuelled by rising energy and food rates as high prices of imported fuels compounds the impact of the rupee’s plunge this year, , official data showed.
Awaits orders: ECP is election-ready, its chief says
By Staff Reporter
ISLAMABAD: Sikandar Sultan Raja, Chief Election Commissioner (CEC), on Wednesday trashed PTI’s allegations of bias saying they had no legs to stand on.
Violent March: SC hints at a contempt case against Imran Khan
Staff Reporter
ISLAMABAD: A senior judge has said a case can be opened against the PTI Chairman Imran Khan for mocking the Supreme Court of Pakistan by inciting violence during the long march on May 29, 2022 in a breach of his own given word.
Police Brutality: Rana Sanaullah faces criminal case
Staff Reporter
ISLAMABAD: A senior judge has said a case can be opened against the PTI Chairman Imran Khan for mocking the Supreme Court of Pakistan by inciting violence during the long march on May 29, 2022 in a breach of his own given word.
Armed Instigation: Khan’s loose-talk lands him in federal probe
Staff Reporter
ISLAMABAD: The government on Tuesday launched a probe after former premier Imran Khan loose-talked about PTI’s “azadi marchers” being armed to the teeth to face the riot forces in federal capital.