By Staff Reporter
ISLAMABAD: Finance Minister Ishaq Dar said the government won’t impose any new taxes on the agriculture and construction industries, dismissing media reports that suggested otherwise.
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Pakistan urges Russia to restore Black Sea grain deal
By Staff Reporter
ISLAMABAD: Pakistan said on Thursday it would work to restore a vital Black Sea grain deal that Russia scrapped last week, warning that the move threatened global food security and hurt developing countries.
PTI Khan accused of using secret US document to fuel anti-establishment campaign
By Staff Reporter
ISLAMABAD: A former top aide to Imran Khan, the former prime minister of Pakistan, has accused him of using a secret document from the United States to fuel his anti-establishment campaign and undermine the country’s relations with its key ally, according to an alleged confession that surfaced on Wednesday.
Pakistan must keep raising policy rate to fight inflation, IMF says
By Staff Reporter
ISLAMABAD: The International Monetary Fund has urged Pakistan to continue its monetary tightening cycle to rein in inflation and support the exchange rate, after approving a new $3 billion loan for the country last week.
‘Suspected suicide’ attack injures six near security forces vehicle in Peshawar
By Staff Reporter
ISLAMABAD: A suspected suicide bomber struck near a security forces vehicle in Peshawar’s Hayatabad area on Tuesday, injuring at least six people, police and local media said.
Pakistan’s current account surplus widens in June as imports plunge
By Staff Reporter
KARACHI: Pakistan’s current account posted a surplus for the fourth straight month in June, as the country’s import bill fell sharply amid dollar shortages, data from the central bank showed on Tuesday.
Pakistan defends military trial of civilians over May 9 violence
By Staff Reporter
ISLAMABAD: Pakistan’s government on Monday defended its decision to try civilians accused of attacking sensitive military installations in military courts, saying it was an appropriate and proportionate response to the violent protests that erupted on May 9 following the arrest of opposition leader Imran Khan.
PM Sharif to hand over power to interim setup before term ends
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif said on Sunday his government would hand over power to an interim setup before term expires next month, as he prepares for a general election that could see his party return to power.
Pakistan criticises Afghanistan for violating Doha agreement, hosting TTP militants
By Staff Reporter
ISLAMABAD: Pakistan’s defense minister on Saturday sharply criticized Afghanistan for “neglecting its duties as a neighboring and fraternal country” and for violating key provisions of the peace deal signed with the Taliban in Doha last year, especially its pledge to prevent the use of Afghan territory for terrorist activities.
IMF bailout comes with a price: 20 percent increase in power tariff
By Staff Reporter
ISLAMABAD: Pakistan’s electricity regulator approved a 20 percent hike in the base power tariff for the fiscal year starting July 1, as the South Asian nation implements reforms agreed with the International Monetary Fund in the recently approved $3 billion loan program.