By Staff Reporter
ISLAMABAD: Pakistan is making progress on a new $7 billion International Monetary Fund (IMF) loan program, targeting September board approval, said Finance Minister Muhammad Aurangzeb on Wednesday.
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IMF board omits Pakistan $7bln bailout approval from August schedule
By Staff Reporter
ISLAMABAD: The International Monetary Fund’s (IMF) Executive Board has released its schedule until August 28, but Pakistan’s name is notably absent from the agenda, casting uncertainty over the final approval of the country’s much-anticipated $7 billion bailout package.
Pakistan economy in “poverty trap”, requires policy overhaul – economist
By Staff Reporter
ISLAMABAD: Pakistan’s economy is stuck in a “poverty trap” due to decades of poor governance and policy mistakes, according to Atif Mian, a noted Pakistani-American economist, who warned that only a fundamental shift in policy can help the country escape its current economic woes.
IT minister denies state role in internet disruptions, points to VPNs
By Staff Reporter
ISLAMABAD: The government on Sunday contradicted its earlier stance on internet disruptions in the country, blaming virtual private networks (VPNs) for slowdowns after previously acknowledging that a new firewall had caused the problem.
Pakistan reports lone mpox case, no need for panic: official
By Staff Reporter
ISLAMABAD: Health authorities moved to calm public fears over mpox on Saturday, saying only one case had been reported in the country despite a World Health Organization (WHO) warning of a global health emergency.
Govt to axe 28 departments, 150,000 Jobs in reform push
By Staff Reporter
ISLAMABAD: Pakistan’s government has embarked on a major overhaul of its bureaucracy, abolishing 28 departments across five ministries and proposing the merger of two ministries, in a bid to slash costs and enhance governance.
Pakistan authorities detect three mpox cases linked to UAE travel
By Staff Reporter
ISLAMABAD: Pakistan has identified three cases of the mpox virus, also known as monkeypox, in individuals who recently arrived from the United Arab Emirates, a provincial health department said on Friday.
Military arrests three more retired officers in ISI Hameed court-martial case
By Staff Reporter
ISLAMABAD: Pakistan’s military has arrested three more retired officers in connection with the court-martial of former spymaster Lt. Gen. (retired) Faiz Hameed, who was detained this week on charges of violating the Pakistan Army Act.
Leaders vow economic stability as Pakistan marks 77th Independence Day
By Staff Reporter
ISLAMABAD: Pakistan’s leaders vowed to bring economic stability to the country as it celebrated its 77th Independence Day on Wednesday, with Prime Minister Shehbaz Sharif promising to reduce inflation and electricity prices.
Nadeem’s golden 92.97m Olympic record throw marked on licence plate
By Staff Reporter
Mian Channu: The exact distance of Olympian Arshad Nadeem’s gold medal-winning javelin throw – 92.97m – is now emblazoned on his new car’s registration plate, a Honda Civic awarded to him along with a Rs100 million cheque for his historic win.