By Staff Reporter
KARACHI: Pakistan received $1.0269 billion on Friday, the first tranche of a $7 billion International Monetary Fund (IMF) bailout, after the lender’s Executive Board approved a 37-month Extended Fund Facility (EFF) to bolster the country’s fragile economy.
By Staff Reporter
KARACHI: A medical doctor accused of blasphemy was killed in a staged police encounter, Sindh Home Minister Ziaul Hassan Lanjar said on Thursday, contradicting initial claims of a shootout.
By Staff Reporter
ISLAMABAD: The Election Commission of Pakistan has asked the Supreme Court for guidance on allocating reserved parliamentary seats, after a July court ruling awarding seats to the opposition Pakistan Tehreek-e-Insaf (PTI) party conflicted with a new law passed by the National Assembly.
By Staff Reporter
ISLAMABAD: The security forces killed eight militants in an intelligence-based operation in the northwestern part of the country, the military said on Thursday.
By Staff Reporter
KARACHI: Pakistan’s economy faces significant risks, with “formidable” vulnerabilities and structural challenges threatening growth, the International Monetary Fund (IMF) warned.
By Staff Reporter
ISLAMABAD: Pakistan’s external financing dropped 78 percent to $714.74 million in the first two months of the fiscal year, down from $3.206 billion a year earlier, as the nation struggles to stabilize its economy.
KARACHI: The International Monetary Fund’s Executive Board on Wednesday approved a $7 billion loan package for Pakistan, providing a vital lifeline to the nation’s struggling economy.
By Staff Reporter
ISLAMABAD: Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party has sought permission from authorities in Rawalpindi and Lahore to hold rallies on Sept. 28 and Oct. 5, respectively, warning of nationwide protests if denied.
By Staff Reporter
ISLAMABAD: Pakistan’s economy grew 2.4 percent in the last fiscal year and is expected to expand 2.8 percent in the current financial year, the Asian Development Bank (ADB) said on Wednesday, but warned sustained growth hinges on continued economic reforms.
By Staff Reporter
KARACHI: Finance Minister Muhammad Aurangzeb on Tuesday expressed optimism about the International Monetary Fund’s (IMF) approval of a $7 billion, 37-month program, ahead of the IMF board meeting on Wednesday.
