By Staff Reporter
KARACHI: S&P Global Ratings on Tuesday affirmed Pakistan’s long-term sovereign credit rating at ‘CCC+’ and short-term rating at ‘C’, with a stable outlook, citing the country’s reliance on sustained external support and hefty debt-servicing costs.
By Staff Reporter
QUETTA: A soldier was killed in clashes with protesters in the southwestern province of Balochistan on Monday, the military said, as tensions escalated over a banned rally.
By Staff Reporter
ISLAMABAD: Authorities have booked the vice-emir of the militant Tehreek-i-Labbaik Pakistan (TLP) party in a terrorism case for allegedly inciting violence against the country’s top judge, amid a government crackdown on elements spreading religious hatred.
By Staff Reporter
KARACHI: The central bank cut its benchmark interest rate by 100 basis points to 19.5 percent on Monday, the second consecutive reduction, as slowing inflation gave policymakers room to support the fragile economic growth.
By Staff Reporter
ISLAMABAD: Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘CCC’, citing greater certainty over continued availability of external funding.
By Staff Reporter
QUETTA: At least three people were killed and several injured in clashes between security forces and protesters in Pakistan’s Balochistan province on Sunday, as a massive gathering defied roadblocks and a communications blackout to demand rights and protection of resources, local media reported.
By Staff Reporter
ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI), the party of former Prime Minister Imran Khan, announced on Sunday that it will stage nationwide protests on August 5 to demand Khan’s release from prison and relief for the masses affected by inflation.
By Staff Reporter
ISLAMABAD: A decades-long land dispute between two tribal groups in the northwestern part of Pakistan has escalated into an armed battle, claiming at least 35 lives and leaving 151 injured since Wednesday, officials said Sunday.
By Staff Reporter
ISLAMABAD: Pakistan has opened talks with China to reprofile its power sector debt, as the South Asian nation works to implement structural reforms to secure a $7 billion bailout from the International Monetary Fund (IMF), a minister said on Sunday.
By Staff Reporter
ISLAMABAD: Two Japanese climbers fell from a height of 7,500 metres on K2, the world’s second-highest mountain, on Saturday, with their chances of survival slim, officials said.
