By Staff Reporter
ISLAMABAD: A senior army officer was killed in an encounter with “hardcore terrorists” in South Waziristan’s Angoor Adda in the latest among several casualties amid a surge in militant attacks in the country’s restive northwest, the military said on Tuesday.
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Dar says Pakistan ‘very close’ to signing IMF agreement
By Staff Reporter
ISLAMABAD: Finance Minister Ishaq Dar said on Thursday the country was very close to signing a staff level agreement with the International Monetary Fund though Islamabad is still resolving differences with Fund to resume its $6.5 billion loan program..
PTI worker killed in alleged police crackdown in Lahore
By Staff Reporter
ISLAMABAD: Former Prime Minister Imran Khan has called off a rally scheduled to be held in Lahore on Wednesday after an activist of the Pakistan Tehreek-e-Insaf (PTI) party was allegedly killed during a police crackdown on party supporters who gathered outside his residence, defying a government ban on rallies in the city.
Inflation hits 31.5 percent, highest in 50 years
By Staff Reporter
KARACHI: Inflation in February hit the highest in 50 years on runaway food, beverage and transportation prices, official data showed on Wednesday, highlighting the challenge for the central bank as the country reels under its worst financial crisis in over 75 years of history.
IMF tough love: Cut spending, increase income!
The size of the minibudget is emerging as one of the final sticking points between the Ministry of Finance and the IMF field mission, in Pakistan for the 9th review of a billion-dollar bailout program. By Muhammad Ali & Naveed Naqvi.
PTI’s Fawad Chaudhry arrested
By Staff Reporter
ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry was arrested in the wee hours of Wednesday in Lahore, his brother and the party said.
SBP withdraws conditions for essential goods import
By Staff Reporter
KARACHI: The State Bank of Pakistan on Monday removed the requirement of obtaining approval before importing essential goods to facilitate traders.
Speaker accepts resignations of 35 more PTI lawmakers
By Naveed Naqvi
Islamabad: Another 35 lawmakers of former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party lost their membership in Parliament on Friday after their resignations were accepted by the speaker of the National Assembly.
CM Khan signs summary to dissolve KP assembly
By Staff Reporter
ISLAMABAD: The chief minister of Pakistan’s Khyber Pakhtunkhwa province on Tuesday sent a summary for the dissolution of the assembly to the provincial governor in a latest push to force the coalition government of Prime Minister Shehbaz Sharif to hold early general elections.
UAE extends $2bn loan, offers $1bn more to Pakistan
By Staff Reporter
ISLAMABAD: The United Arab Emirates on Thursday agreed to roll over a $2 billion existing loan to Pakistan and provide an additional $1 billion, a statement from Prime Minister’s Office said.