By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) on Thursday distanced itself from reports suggesting the fund seeks agreements struck with the power plants, built under the China Pakistan Economic Corridor (CPEC), revised.
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Pakistan boast two top ICC-rated batsmen for first time
By Staff Reporter
ISLAMABAD: Pakistan’s in-form opener Imam-ul-Haq went past Indian veteran Virat Kohli to join teammate Babar Azam at the top of the ICC MRF Tyres Men’s One Day Batter rankings, a statement said on Wednesday.
Book Published: Planning ministry still trying to add new projects to PSDP list
By Staff Reporter
ISLAMABAD: Despite the official book having been already published, the Ministry of Planning is still making last-ditch efforts to include around 60 development projects in the Public Sector Development Program (PSDP) for the next budget 2022-23, the IP learned on Wednesday.
Petrol hits Rs233.89/litre as Pakistan reverses fuel subsidies completely
By Staff Reporter
ISLAMABAD: Taking another ‘tough’ step closer to the elusive half of the IMF loan, the government late on Wednesday raised the petroleum products rates to the highest the country has ever seen, reversing the fuel subsidies completely.
In June? Pakistan inches nearer IMF deal
By Staff Reporter
ISLAMABAD: Pakistan’s talks with the International Monetary Fund (IMF) on $6 billion bailout deal is trudging closer to the finish line, and the south Asian country could receive the stuck-up disbursement within the current month, sources said on Wednesday.
Ambassador Khan visits White House to ‘meet, greet’ President Biden
By Staff Reporter
ISLAMABAD: Pakistan’s ambassador to the US, Masood Khan, met President Joe Biden in the White House and the two discussed to reset bilateral ties, which had deteriorated in the past few years under former prime minister Imran Khan.
Up 11.2pc YoY: Military cites inflation in ‘defence’ of budget raise
By Staff Reporter
RAWALPINDI: Denying a raise in the next fiscal’s defence budget, the military on Tuesday asserted, in view of the runaway inflation, their allocation shrank by Rs100 billion, a claim that on the face of it does not add up.
Urgent shipment of Indonesian palm oil gets underway
By Staff Reporter
ISLAMABAD: All is set for Indonesia to send ten shiploads of palm oil to Pakistan on urgent basis, with the first ship ready to set sail for Karachi on Tuesday, according to a statement issued by the Prime Minister’s Office.
207 vs dollar: Rupee hits record low on IMF uncertainty
By Staff Reporter
KARACHI: The rupee hit a new record low against the US dollar in early Tuesday trade as the relentless surge in global crude oil prices raised concerns about a sustained rise in imported inflation, while a shortage of dollars threatens to spiral into a fullblown crisis.
File photo
LAHORE:: A view of high voltage electric wires fell down on a Rickshaw at Garhi Shahu area in Provincial Capital. ONLINE PHOTO
Staggered Increase: ECC passes Rs7.91/unit power tariff hike
By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday consented to a hike of Rs 7.91/unit in the baseline power tariff on average, but in a staggered manner, starting from July 1, 2022.