By Staff Reporter
ISLAMABAD: The U.S. urged Pakistan to continue working with the International Monetary Fund to address its economic challenges, saying there is no easy solution to its fiscal woes.
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Coalition partners fear election delay amid census row
By Staff Reporter
ISLAMABAD: Two key allies in the ruling coalition have expressed doubts that the upcoming general elections will be held on time, amid a dispute over the digital census and delimitation of constituencies.
Sharif government raises power prices by 27 percent
By Staff Reporter
ISLAMABAD: Pakistan’s electricity consumers will face the highest power bills in the country’s history from next month after the outgoing government of Prime Minister Shehbaz Sharif approved another massive hike in the base tariff on Saturday.
Pakistan braces for more monsoon rains and floods
By Staff Reporter
ISLAMABAD: Pakistan’s weather office warned of more monsoon showers and floods in parts of the country over the next few days, as heavy rains disrupted life in capital Islamabad and other regions.
Pakistan moves to regulate electronic media, curb disinformation
By Staff Reporter
ISLAMABAD: Pakistan’s government is set to adopt a bill to amend the law governing electronic media, adding definitions of misinformation and disinformation and addressing payment issues faced by media workers, officials said.
Power costs plunge 35 percent as coal and hydel output rise
By Staff Reporter
KARACHI: Pakistan’s electricity generation costs fell to the lowest level in a year as cheaper coal and increased hydropower output offset lower demand amid high tariff and economic slowdown.
Govt assures no death penalty for May 9 violence suspects
By Staff reporter
ISLAMABAD: The government assured the country’s top court on Friday that it would not execute any civilians if convicted by military tribunals for their role in the violence that erupted on May 9 after the arrest of former prime minister Imran Khan on corruption charges.
Dar says no new taxes on agriculture, construction sectors
By Staff Reporter
ISLAMABAD: Finance Minister Ishaq Dar said the government won’t impose any new taxes on the agriculture and construction industries, dismissing media reports that suggested otherwise.
Pakistan’s foreign borrowing falls 37 percent in fiscal 2023
By Staff Reporter
ISLAMABAD: Pakistan’s external borrowing fell 37 percent to $10.8 billion in the fiscal year 2022/23, the lowest level in four years, as a stalled IMF programme reduced access to foreign loans from commercial banks and friendly countries, official data showed on Friday.
Pakistan urges Russia to restore Black Sea grain deal
By Staff Reporter
ISLAMABAD: Pakistan said on Thursday it would work to restore a vital Black Sea grain deal that Russia scrapped last week, warning that the move threatened global food security and hurt developing countries.