By Staff Reporter
KARACHI: Foreign exchange reserves have fallen to $3.09 billion, its lowest levels since February 2014, after paying off some of the country’s external debt, the central bank said on Thursday.
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Soaring food prices push January inflation to 48-year high
By Staff Reporter
ISLAMABAD: A biggest jump in food prices pushed Pakistan’s inflation a 48-year high in January in a new blow for households grappling with a cost-of-living crisis in the cash-strapped country.
Death toll rises to 100 in Peshawar mosque suicide bombing
By Staff Reporter
ISLAMABAD: The death toll from the suicide bombing at the Peshawar mosque rose to 100 on Tuesday after rescue teams retrieved more bodies from the debris and called off the search for survivors of the terrorist attack in the highly guarded site where several hundred police and security men had gathered for afternoon prayers.
Blast rips through Peshawar mosque, killing at least 44 people
By Naveed Naqvi
ISLAMABAD: A suspected suicide bombing at a mosque packed with worshippers during afternoon prayers in Peshawar on Monday killed at least 44 people and wounded another 175, mostly policemen, officials said.
Mosque blast in Peshawar kills at least 28 people, with scores injured
By Staff Reporter
ISLAMABAD: A blast at a mosque inside a police headquarters in Peshawar on Monday killed at least 28 people and wounded another 120, hospital officials said.
IMF confirms long-awaited bailout meeting as Pakistan’s forex reserves fall to near 9-year low
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) said on Thursday its mission would visit Pakistan on January 31 to discuss the stalled ninth review of a bailout programme.
Foreign currency dealers remove exchange rate floor
By Staff Reporter
KARACHI: Foreign currency dealers on Tuesday removed an unofficial floor on exchange rates to rebalance currency markets following months of turbulence, an official said, paving the way for rupee/dollar parity to match its actual street value.
This picture taken on February 24, 2013 shows an aerial view of buildings and homes during a nationwide power blackout in Karachi. Pakistan was hit by a nationwide blackout for more than two hours after the breakdown of a major plant caused power stations to stop working across the country, officials said on February 25. AFP PHOTO/Asif HASSAN
PM Sharif orders inquiry into power outage
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif has ordered an inquiry into a major breakdown in the national grid caused a massive power outage nationwide as electricity is being restored in the country after a blackout of almost 16 hours.
Pakistan could see first Russian oil supplies in March
By Naveed Naqvi
ISLAMABAD: Russia on Friday agreed to supply crude oil and oil products to Pakistan, with technical details of the deal to be finalized by March and Islamabad will pay for the imports in currencies of ‘friendly countries’, officials of both the countries said.
UPDATE 1-Sindh’s local govt election results delayed amid rigging accusations
By Staff Reporter
KARACHI: The ruling Pakistan People’s Party (PPP) took a lead in the second-to-last round of local government polls in Sindh, early trends showed, but a longer than expected delay in publishing results prompted opposition leaders to warn they would not accept any attempt to rig the outcome.