The move is aimed at luring farmers back to their once favourite cash crop after a crash in domestic production over the last few years, necessitating costly imports. By Muhammad Ali.
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Industrial output down 7.9 percent in 7 months
Although there are a few bright spots here and there, the economic downturn is taking a grim toll on the country’s industry. By Muhammad Ali.
Pakistan rushing PKR 50 billion in sovereign guarantees to keep petroleum giant afloat
The state-owned oil marketing monolith is in the middle of yet another recursion of its resident liquidity crunch, and while it is too big to fail, the government cannot spare enough cash this time. Cue PKR 50 billion in sovereign guarantees to back commercial borrowing. By Muhammad Ali.
Top parliamentary panel pushes for more competitive IT infrastructure
The National Assembly’s powerful standing committee has shown strong reservations over mobile and internet service issues across the country, demanding to allow more players into the market. By Naveed Naqvi.
Photo courtesy APP
Arrests warrant for no-show Khan over threatening judge
Threatening remarks Khan made against an Islamabad district & sessions judge last August seems to be catching up with him. By Naveed Naqvi.
IMF, not HRW West’s point on Pakistan
Pakistan’s Paris Club lenders are beholden to the Fund – as are the DFIs like World Bank, ADB, and IDB. So why is the Fund dillydallying over its bailout for Pakistan, virtually holding up all sources of financing? By Muhammad Ali.
Dar says Pakistan ‘very close’ to signing IMF agreement
By Staff Reporter
ISLAMABAD: Finance Minister Ishaq Dar said on Thursday the country was very close to signing a staff level agreement with the International Monetary Fund though Islamabad is still resolving differences with Fund to resume its $6.5 billion loan program..
Photo courtesy @FamyB
Police in Lahore books Imran Khan on charges of murder, terrorism
By Staff Reporter
ISLAMABAD: Punjab police on Thursday registered a case against former prime minister Imran Khan and several of his senior party leaders under the Anti-Terrorism Act, 1997, following a clash between the two sides a day before in Lahore.
PTI worker killed in alleged police crackdown in Lahore
By Staff Reporter
ISLAMABAD: Former Prime Minister Imran Khan has called off a rally scheduled to be held in Lahore on Wednesday after an activist of the Pakistan Tehreek-e-Insaf (PTI) party was allegedly killed during a police crackdown on party supporters who gathered outside his residence, defying a government ban on rallies in the city.
Punjab bans public gatherings of more than four people ahead of PTI’s elections rally
By Staff Reporter
ISLAMABAD: The provincial Punjab government has banned public gatherings of more than four people for a week from Wednesday, hours before former Prime Minister Imran Khan’s party was scheduled to organise an election rally in the eastern city of Lahore.