By Staff Reporter
ISLAMABAD: The United Nations has revised up its humanitarian appeal for Pakistan five-fold to $816 million from $160 million for floods relief as the country’s climate change minister said on Tuesday Islamabad is short of money to spend on immediate relief and recovery.
By Staff Reporter
ISLAMABAD: Islamabad High Court on Monday accepted former Prime Minister Imran Khan’s written apology for comments he made against a female judge in August and dropped a contempt of court case against him, lawyers said.
By Staff Reporter
KARACHI: Saudi Arabia renewed a $3 billion deposit at Pakistan’s central bank to bolster the south Asian state’s depleting foreign reserves, the central bank said on Sunday.
By Staff Reporter
ISLAMABAD: Pakistan’s already weak economy will further drag on growth in the current fiscal year of 2022/23 as it confronted catastrophic floods that wiped out vital cash crops in two provinces and would also exacerbate political instability, Fitch Solutions said.
By Staff Reporter
KARACHI: The United Nations has warned that the humanitarian situation in Pakistan was expected to get worse, as international aid is surging to flood-ravaged country while authorities are desperately trying to stop the biggest lake from bursting its banks after all previous attempts to lower water levels failed.
By Staff Reporter
ISLAMABAD: The government on Wednesday revised the prices of petroleum products, increasing the rates of petrol by Rs2.07 per liter with effective from September 1, 2022.
By Staff Reporter
ISLAMABAD: The government on Tuesday planned to import one million tons of Russian wheat to build strategic stocks as unprecedented flash floods caused by historic monsoon rains have washed away major crops, including wheat.
A provincial unit undermining an international accord necessary to avert a default on external obligations is being widely seen as treacherous by politicians and citizenry
By Staff Reporter
KARACHI: Current account deficit narrowed to $1.21 billion, in the first month of the fiscal year that began July 1 from $2.187 billion in the previous month, boosted by a sharp cut in imports, the central bank said in balance of payments figures released on Wednesday.
By Staff Reporter
KARACHI: Qatar has agreed to extend $2 billion bilateral support to help ease Pakistan’s funding crunch ahead of the International Monetary Fund’s (IMF) board meeting due of August 29, central bank said on Monday.
