By Staff Reporter
ISLAMABAD: The International Monetary Fund on Thursday told crisis-hit Pakistan not to involve the Fund in domestic electoral politics, saying a decision to hold or not hold elections “rests solely with Pakistan’s institutions”.
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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..
Rupee plunges over 8pc against the dollar to hit record low
By Staff Reporter
KARACHI: The rupee plunged over eight percent against the dollar on Thursday, posting a new all-time low of Rs290.18, after the central bank apparently allowed a freefall in the currency to adjust its real market value – a precondition to unlock a vital bailout from the International Monetary Fund (IMF).
Minibudget ahead: Gas, power tariffs likely to rise
The IMF is in town, review talks are on, and the common Pakistani is waiting for Finance Minister Ishaq Dar’s other shoe to drop. By Muhammad Ali.
Pakistan suffers major power outage
By Staff Reporter
ISLAMABAD: A major power outage hit cities and towns on Monday, including the capital Islamabad and the commercial hub Karachi, due to a fault in transmission lines, officials said.
UAE rolls over $2bn deposit with Pakistan’s central bank
Central bank governor Jameel Ahmad said the country will see dollar inflows in the coming days after funding commitments from the Middle East.
Resignations of 35 lawmakers of PTI accepted
By Naveed Naqvi
ISLAMABAD: The Election Commission of Pakistan (ECP) on Tuesday de-notified 35 lawmakers belonging to former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party after National Assembly’s speaker Raja Pervez Ashraf accepted their long-pending resignations.
Punjab assembly dissolved
By Staff Reporter
ISLAMABAD: The Punjab assembly dissolved late on Saturday as per the Constitution on the advice of the chief minister, an ally of former prime minister Imran Khan, though the provincial governor declined to approve the move.
Pakistan plans wave of fiscal measures to help meet IMF bailout goal
By Staff Reporter
ISLAMABAD Finance minister Ishaq Dar said Pakistan will cut farm and export subsidies and tackle the problem of circular debt as the cash-strapped country looks to bring back fiscal rectitude to convince the International Monetary Fund (IMF) to release overdue bailout payments.
Balochistan sees deadly flare of violence with militant, insurgent groups
By Staff Reporter
ISLAMABAD: A series of deadly attacks killed at least six soldiers and wounded scores of civilians on Sunday in the latest violence in Pakistan’s southwest Balochistan province, officials and military said.