By Staff Reporter
ISLAMABAD: Pakistan plans to introduce pension reforms to reduce its ballooning expenditure and secure a new deal with the International Monetary Fund (IMF), Finance Minister Muhammad Aurangzeb said on Tuesday.
top-latest
PM Sharif expects ‘solid agreements worth billions’ with Saudi Arabia
By Staff Reporter
ISLAMABAD: Pakistan and Saudi Arabia are poised to ink a series of substantial agreements, potentially worth billions, Prime Minister Shehbaz Sharif said on Monday during a banquet honoring a high-level Saudi business delegation in Islamabad.
Telecom regulator refuses to block SIMs of over 500,000 tax non-filers
By Staff Reporter
ISLAMABAD: Pakistan’s telecommunications regulator has refused to comply with a demand by the country’s tax authority to block the mobile phone services of over half a million individuals who failed to file tax returns in 2023.
iCube Qamar: Pakistan’s maiden voyage to the moon begins
By Staff Reporter
ISLAMABAD: Pakistan’s iCube Qamar satellite will orbit the moon as part of China’s Chang’e-6 lunar mission, marking a historic first for the South Asian nation, Prime Minister Shehbaz Sharif said on Friday.
Ten firms bid for troubled PIA’s majority stake
By Staff Reporter
ISLAMABAD: Pakistan International Airlines Corp. has attracted ten bidders, including tycoon Arif Habib and Gerry’s Group, for a majority stake in the state-owned carrier, according to people familiar with the matter.
FBR to cut mobile phone access for 500,000 tax evaders
By Staff Reporter
ISLAMABAD: Pakistan will block mobile phone connections of over 500,000 individuals who failed to file their income tax returns for Tax Year 2023, the country’s tax authority said on Tuesday.
IMF approves final $1.1 billion tranche of $3billion bailout for Pakistan
By Staff Reporter
ISLAMABAD: Pakistan secured a $1.1 billion lifeline from the International Monetary Fund (IMF) on Monday, as the global lender approved the final tranche of a $3 billion bailout package designed to shore up the country’s dried-up finances and avert a sovereign default.
Iran and Pakistan agree to speed up free trade deal despite US warning
By Staff Reporter
ISLAMABAD: Iran and Pakistan have agreed to “expeditiously finalise” a free trade agreement (FTA) aimed at boosting economic cooperation between the two nations, despite a warning from the United States about the risks of doing business with Tehran.
Iran and Pakistan ink eight pacts, eye $10 billion trade boost
By Staff Reporter
ISLAMABAD: Iran and Pakistan signed eight agreements on Monday, including a security cooperation pact, as they sought to strengthen ties and boost trade to $10 billion, Iranian President Ebrahim Raisi said.
The signing took place during Raisi’s three-day visit to Islamabad, which began on Monday.
Japanese nationals safe, one security guard dead in Karachi suicide attack
By Staff Reporter
KARACHI: Five Japanese nationals narrowly escaped a suicide attack on their vehicle in Karachi, Pakistan’s financial capital, on Friday, as one attacker died in the blast and police gunned down his accomplice.