By Naveed Naqvi
ISLAMABAD: Ceased with probing alleged abuse of power and sexual harassment by a former chairman of National Accountability Bureau (NAB), a powerful parliamentary committee says current and former NAB functionaries who think they can flout its authority will be brought to heel through the police.
By Aoun Hussain
ISLAMABAD: Clearly buoyed by his success in clinching a staff-level accord with the International Monetary Fund (IMF) for the revival of a stalled Fund bailout, Minister for Finance Miftah Ismail Saturday proclaimed at a media conference here that Pakistan had successfully averted default.
By Naveed Naqvi
ISLAMABAD: The Federal Cabinet Friday approved the establishment of a Commission of Inquiry to formally and transparently investigate the serious allegations of sexual harassment against former Chairman NAB Justice (R) Javed Iqbal.
By Naveed Naqvi
ISLAMABAD: Federal Minister for Water Resources Syed Khursheed Shah is the latest of Pakistan Democratic Movement (PDM) politicians to react in strong terms to the alleged dishonorable behavior of former senior justice Javed Iqbal, but the coalition government is yet to signal in any way it intends to take legal action over the matter.
By Staff Reporter
ISLAMABAD: The provinces have consented to sign a Memorandum of Understanding (MoU) to generate a revenue surplus of Rs750 billion this fiscal year to narrow the federal budget deficit to 4.9 percent of the GDP (gross domestic product) as demanded by the IMF, it is learnt.
By Staff Reporter
ISLAMABAD: Historic high inflationary pressures threaten to hold Pakistan’s economy hostage in the new fiscal year in the wake of consumer inflation reaching 21.34 percent for June, the last month of the previous fiscal.
By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) on Thursday shelved new disbursements under Mera Pakistan Mera Ghar (MPMG) scheme till August 31, 2022 and Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme (PMKJ-YES) for next 15 days in an attempt to narrow the budget deficit to meet IMF bailout goals.
By Staff Reporter
ISLAMABAD: Ministry of Finance said on Wednesday persistently high inflation will haunt economic growth next year, while the interest rates would rise faster than assumed so far.
By Naveed Naqvi
ISLAMABAD: Come July 1, the price of electricity – that ubiquitous and most essential utility of our time – will climb even higher for households and businesses across much of Pakistan.
By Staff Reporter
ISLAMABAD: A candid exchange over Twitter involving Finance Minister Miftah Ismail was reported here the other day as “a rare peek” into his approach to budget making. It turns out such peeks are anything but rare.
