By Staff Reporter
ISLAMABAD: The party of former prime minister Imran Khan urged the International Monetary Fund (IMF) to withhold any financial assistance to the country until an independent audit into alleged election fraud is completed.
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BofA sees value in Pakistan’s long-dated bonds, cites political stability and IMF progress
By Staff Reporter
KARACHI: The Bank of America Corp (BofA) upgraded its outlook for Pakistan’s dollar bonds, citing reduced political uncertainty and potential credit rating upgrades.
Pakistan parliament to convene on Feb. 29 after election deadlock
By Staff Reporter
ISLAMABAD: Pakistan’s newly elected lawmakers will take their oaths on Feb. 29, ending weeks of uncertainty and deadlock after a fractured general election that left no party with a clear majority in the lower house of parliament.
Moody’s sees stable outlook for Pakistan, but urges urgent IMF engagement
By Staff Reporter
KARACHI: Moody’s Investors Service said on Tuesday that it had kept Pakistan’s ratings unchanged at Caa3 with a stable outlook, but warned of material default risks if the country failed to secure timely funding from the International Monetary Fund (IMF) and other partners.
Maryam Nawaz Sharif elected as Punjab’s first woman chief minister
By Staff Reporter
KARACHI: Maryam Nawaz Sharif, the daughter of three-time former prime minister Nawaz Sharif, was elected on Monday as the first woman chief minister of Punjab, Pakistan’s most populous and politically influential province.
X shutdown in Pakistan enters eighth day amid post-election unrest
By Staff Reporter
KARACHI: More than a week after a senior official admitted to rigging the national election, Pakistanis are still struggling to access X, a popular social media platform that has become a vital outlet for dissent and criticism of the government.
Pakistan rewrites policy incentives to promote green energy
By Staff Reporter
ISLAMABAD: Pakistan’s Petroleum Division has notified an amended policy for its brownfield refineries, offering them fiscal incentives to upgrade their facilities and produce cleaner fuels, according to an official document.
After a yearlong hiatus, Punjab Assembly resumes amid discord and chaos
By Staff Reporter
LAHORE: More than a year after the dissolution of the previous assembly, the newly elected members of the Punjab Assembly, the largest provincial legislature in Pakistan, took their oaths on Friday amid protests, delays, and scuffles.
Pakistan moves ahead with Iran gas project, faces arbitration threat
By Staff Reporter
ISLAMABAD: Pakistan has decided to start work on a long-delayed gas pipeline project with Iran, despite the threat of US sanctions and a looming deadline from Tehran to avoid arbitration.
Ex-commissioner retracts allegations of poll manipulation, blames PTI plot
By Staff Reporter
ISLAMABAD: A former senior official who had accused the country’s top judge and election commissioner of rigging the recent general elections retracted his allegations on Thursday, saying he was coerced by a fugitive leader of former prime minister Imran Khan’s Pakistan Tahreek-e-Insaf (PTI) party.