By Staff Reporter
ISLAMABAD: Exports fell in March year-on-year for the sixth month in a row, hit by a cooling global economy and a persistent slump in industrial activities in the country, data showed on Monday.
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Supreme Court reserves judgment in election delay case
By Staff Reporter
ISLAMABAD: The Supreme Court of Pakistan on Monday said it will announce the verdict on Tuesday on the petition filed by former Prime Minister Imran Khan’s party challenging the country’s election regulator’s decision to postpone polls in the Punjab province until October 8.
Inflation soars in March to record high of 35.37pc
By Staff Reporter
ISLAMABAD: Inflation in Pakistan jumped in March to its highest in almost six decades, driven by skyrocketing food and fuel prices, statistics bureau data showed on Saturday, putting pressure on the central bank to hike rate aggressively at a meeting due next week and to keep tightening policy in the months ahead.
Supreme Court refuses to form full court in Punjab polls case
By Staff Reporter
ISLAMABAD: The Chief Justice of Pakistan on Friday refused to form a full court to hear a petition filed by former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party against the election postponement in Punjab province as ongoing tussle within the judiciary intensified on Friday after another judge left the bench.
Nepra approves Rs3.23/unit power price hike for July
By Staff Reporter
ISLAMABAD: The government is all set to impose a surcharge of Rs3.23 per unit on electricity consumers from the start of the new fiscal year on July 1, the regulator’s statement said on Friday.
Weak rupee, high energy prices to keep inflation elevated
By Staff Reporter
ISLAMABAD: Rupee devaluation and rising energy prices are likely to push up consumer prices in the near term that are already sky high, the finance ministry warned on Friday.
Eleven killed in stampede for food aid in Karachi
By Staff Reporter
KARACHI: At least 11 people, including women and children, were killed and several others injured in a deadly stampede during the distribution of food aid in Karachi on Friday, officials said.
PM Sharif orders withdrawal of review petitions against Justice Isa
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday said his government will withdraw a case against a senior Supreme Court judge, calling it baseless and politically motivated.
Pakistan picks IFC as adviser for airports outsourcing
By Staff Reporter
ISLAMABAD: Pakistan on Thursday approved hiring of World Bank’s International Finance Corporation (IFC) to provide transaction support as the country initiated a process to outsource operations at three major airports on a public private partnership.
Pakistan awaits China’s decision on rollover of $2bn loan: Reuters
News Desk
ISLAMABAD: China is working on a request from cash-strapped Pakistan to roll over a $2-billion loan that matured last week amid a stalemate in bailout talks with the International Monetary Fund (IMF), Reuters reported on Thursday.