By Staff Reporter
ISLAMABAD: Pakistan’s external financing dropped 78 percent to $714.74 million in the first two months of the fiscal year, down from $3.206 billion a year earlier, as the nation struggles to stabilize its economy.
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IMF board unlocks $7 billion lifeline for Pakistan
KARACHI: The International Monetary Fund’s Executive Board on Wednesday approved a $7 billion loan package for Pakistan, providing a vital lifeline to the nation’s struggling economy.
PTI seeks permits for Rawalpindi, Lahore rallies
By Staff Reporter
ISLAMABAD: Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party has sought permission from authorities in Rawalpindi and Lahore to hold rallies on Sept. 28 and Oct. 5, respectively, warning of nationwide protests if denied.
ADB sees Pakistan growth accelerating to 2.8 percent on reforms
By Staff Reporter
ISLAMABAD: Pakistan’s economy grew 2.4 percent in the last fiscal year and is expected to expand 2.8 percent in the current financial year, the Asian Development Bank (ADB) said on Wednesday, but warned sustained growth hinges on continued economic reforms.
Aurangzeb sees IMF nod on $7 billion loan in Wednesday’s board meeting
By Staff Reporter
KARACHI: Finance Minister Muhammad Aurangzeb on Tuesday expressed optimism about the International Monetary Fund’s (IMF) approval of a $7 billion, 37-month program, ahead of the IMF board meeting on Wednesday.
Justice Shah snubs key committee meeting over Supreme Court amendments
By Staff Reporter
ISLAMABAD: The senior puisne judge Justice Mansoor Ali Shah snubbed a Supreme Court (Practice and Procedure) committee meeting, in a sign of judicial tensions, over the constitutional validity of recent amendments made through an ordinance.
Judicial showdown looms over ECP’s reluctance on reserve seats ruling
By Staff Reporter
ISLAMABAD: The Election Commission of Pakistan holds crisis talks with legal experts on Tuesday, facing potential contempt of court over its delayed implementation of a Supreme Court order to allocate reserved parliamentary seats to former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party, issued over two months ago.
Lt. Gen Asim Malik named new ISI chief
By Staff Reporter
ISLAMABAD: Pakistan’s military on Monday named Lieutenant General Muhammad Asim Malik as the next head of Inter-Services Intelligence (ISI), the country’s premier intelligence agency, effective Sept. 30.
Policeman killed in roadside bomb attack on diplomats’ convey in Swat Valley
By Staff Reporter
ISLAMABAD: A roadside bomb attack targeted a convoy of foreign diplomats in Pakistan’s northwestern Khyber Pakhtunkhwa province on Sunday, killing one policeman and injuring three others in the latest violence to hit the restive region bordering Afghanistan.
WhatsApp, Instagram services disrupted in Pakistan: outage tracker
By Staff Reporter
KARACHI: WhatsApp and Instagram users in Pakistan reported outages on Saturday, while interruptions in internet services provided by Zong and PTCL were also reported, according to outage tracking website Downdetector.