By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday he hoped the International Monetary Fund would release funds under its bailout program soon, after meeting IMF Managing Director Kristalina Georgieva on the sidelines of a summit in Paris.
By Staff Reporter
KARACHI: Pakistan is set to lease four terminals of its Karachi Port to a state-owned company of the United Arab Emirates for 50 years in a deal that will bring $50 million upfront and about $24 million in annual fees.
By Staff Reporter
ISLAMABAD: A Lahore court on Wednesday canceled a decision by Punjab’s interim government to lease 45,000 acres of land in three districts to the army for 20 years, saying it exceeded the authority of both parties.
By Staff Reporter
ISLAMABAD: Pakistan’s Supreme Court formed a nine-member bench on Wednesday to hear four petitions challenging the trials of civilians in military courts over riots that damaged public and military property on May 9.
By News Desk
ISLAMABAD: Pakistan expects to receive over $20 billion in investments from Saudi Arabia, the United Arab Emirates and Qatar in various fields, Arab News reported on Wednesday.
By Staff Reporter
ISLAMABAD: President Arif Alvi on Wednesday appointed Justice Qazi Faez Isa, a senior Supreme Court judge, as the country’s next chief justice, effective from Sept. 17.
By Staff Reporter
ISLAMABAD: Pakistan is making a final push to revive a stalled $6.7 billion International Monetary Fund (IMF) loan program before it expires at the end of June, with its prime minister seeking a meeting with the IMF chief and its finance minister meeting the U.S. envoy.
By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved a surcharge of Rs1.52 rupees per unit of electricity for consumers of K-Electric, the country’s largest power distributor, to align its tariff with other state-owned utilities.
By Staff Reporter
ISLAMABAD: Pakistan borrowed $8.613 billion from various sources, including $900 million from foreign commercial banks, in the first 11 months of the 2022-23 fiscal year, down 36 percent from the same period a year earlier, official data showed on Tuesday.
By Staff Reporter
ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif on Tuesday thanked China for its financial support during the country’s economic challenges, as a $6.7 billion International Monetary Fund (IMF) bailout programme remains stalled.
