By Staff Reporter
KARACHI: Pakistan’s current account surplus surged to its highest level since 2015, providing a rare bright spot for the struggling economy as it seeks a new bailout from the International Monetary Fund.
Ahmer Kureishi
IMF board to review Pakistan’s final $1.1 billion loan tranche on April 29
By Staff Reporter
ISLAMABAD: The International Monetary Fund’s (IMF) Executive Board will meet on April 29 to finalise its last review of Pakistan’s $3 billion Stand-By Arrangement (SBA), despite the country’s absence from the Fund’s public calendar.
Military kills 11 militants in two operations in northwestern Pakistan
By Staff Reporter
ISLAMABAD: Pakistan’s military said on Monday it had killed 11 militants in two separate operations in the northwestern province of Khyber Pakhtunkhwa, as the country grapples with a surge in terrorist attacks.
Iran and Pakistan ink eight pacts, eye $10 billion trade boost
By Staff Reporter
ISLAMABAD: Iran and Pakistan signed eight agreements on Monday, including a security cooperation pact, as they sought to strengthen ties and boost trade to $10 billion, Iranian President Ebrahim Raisi said.
The signing took place during Raisi’s three-day visit to Islamabad, which began on Monday.
Ruling PML-N wins most seats in by-polls, opposition cries foul
By Staff Reporter
ISLAMABAD: The ruling Pakistan Muslim League-Nawaz (PML-N) party secured a majority of the 21 national and provincial seats up for grabs in the by-elections held on Sunday, according to provisional results released by the Election Commission of Pakistan (ECP).
Pakistan to finalise PIA privatisation by July, Islamabad airport next in line
By Staff Reporter
ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Saturday that the process of privatising Pakistan International Airlines (PIA) will be finalized by the end of June or early July, with Islamabad airport potentially following suit shortly after, Dawn newspaper reported.
Iran’s President Raisi sets course for Pakistan to bolster bilateral relations
By Staff Reporter
ISLAMABAD: Iran’s President Ebrahim Raisi is set to visit Pakistan from April 22-24, marking his first state visit since Pakistan’s general elections in February 2024, Pakistan’s foreign office said on Sunday.
LHC top judge summons meeting over alleged ISI coercion
By Staff Reporter
Lahore: The Chief Justice of the Lahore High Court (LHC), Justice Malik Shahzad Ahmed Khan has summoned an emergency meeting of the court’s judges to address allegations of interference in the judiciary by the country’s powerful intelligence apparatus.
Japanese nationals safe, one security guard dead in Karachi suicide attack
By Staff Reporter
KARACHI: Five Japanese nationals narrowly escaped a suicide attack on their vehicle in Karachi, Pakistan’s financial capital, on Friday, as one attacker died in the blast and police gunned down his accomplice.
Pakistan eyes new, larger IMF loan deal in May
By Staff Reporter
ISLAMABAD: Pakistan is seeking a new loan from the International Monetary Fund (IMF) and hopes to agree on the contours of the deal in May, the country’s Finance Minister Muhammad Aurangzeb said in an interview with Reuters.