By Staff Reporter
ISLAMABAD: The government said on Friday it will auction off the country’s national carrier, Pakistan International Airlines (PIA), on Oct. 1, as part of a broader push to privatize state-owned enterprises and shore up public finances.
By Staff Reporter
ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Friday that the government’s rejection of all bids for treasury bills aimed to convey its ability to borrow on its own terms, as he urged banks to focus on lending to the private sector.
By Staff Reporter
LAHORE: Opposition Pakistan Tehreek-e-Insaf (PTI) party has secured permission to hold a high-stakes public rally in the eastern city of Lahore on Saturday, setting the stage for a showdown between the government and supporters of jailed former prime minister Imran Khan.
By Staff Reporter
ISLAMABAD: President Asif Ali Zardari on Friday signed into law the Supreme Court (Practice and Procedure) Amendment Ordinance 2024, limiting the powers of the country’s senior judiciary.
By Staff Reporter
KARACHI: Power generation tumbled 17 percent in August from a year earlier, marking the second consecutive monthly decline, as high electricity charges and sluggish industrial activity curbed demand.
By Staff Reporter
ISLAMABAD: The National Assembly Speaker, Sardar Ayaz Sadiq, said on Thursday that recent amendments to the country’s election laws override a Supreme Court ruling granting Imran Khan’s Pakistan Tehreek-i-Insaf (PTI) party reserved parliamentary seats, sparking fears of a potential constitutional showdown.
By Staff Reporter
ISLAMABAD: Afghanistan’s Consul General in Peshawar, Mohibullah Shakir, sparked a diplomatic controversy by remaining seated during Pakistan’s national anthem at a conference on Tuesday, prompting Islamabad to lodge a strong protest.
By Staff Reporter
KARACHI: Pakistan’s information technology (IT) exports jumped 27 percent year-on-year to $298 million in August, driven by IT companies expanding their global client base, particularly in the Gulf Cooperation Council (GCC) region.
By Staff Reporter
KARACHI: Pakistan’s current account balance swung back into surplus in August, posting a $75 million gain, reversing a $152 million deficit in the same month last year, central bank data showed on Wednesday.
By Staff Reporter
ISLAMABAD: Pakistan has confirmed its sixth case of mpox, a viral disease, in a 44-year-old man who arrived at Islamabad International Airport from a Gulf country, the health ministry said on Monday.
