By Staff Reporter
ISLAMABAD: A biggest jump in food prices pushed Pakistan’s inflation a 48-year high in January in a new blow for households grappling with a cost-of-living crisis in the cash-strapped country.
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Court grants bail to Fawad Chaudhry in sedition case
By Staff Reporter
ISLAMABAD: A court on Wednesday granted bail to senior Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry in a sedition case and ordered his release.
Inflation projection raises to 26 percent for FY2023
By Staff Reporter
ISLAMABAD: The Finance Ministry sent a stark warning that the country risks a double-whammy of stagflation and an empty coffer as it pushed up its 2023 inflation projections to 26 percent.
Fitch Solutions says rupee’s weakness ‘still has further to run’
By Staff Reporter
KARACHI: Fitch Solutions on Tuesday forecast that Pakistan’s currency would depreciate further, particularly with the country’s balance of payments position that is likely to remain weak for several more months.
Barrick Gold makes $3 million payment to Balochistan
By Staff Reporter
ISLAMABAD: Barrick Gold Corporation, developing the world’s largest site of copper and gold deposits in southwest Balochistan province said on Tuesday it had paid $3 million to the provincial government after agreeing to a timetable to disburse the committed funds to the province last month.
Islamabad court to indict former PM Khan in Toshakhana case on Feb 7
By Staff Reporter
ISLAMABAD: A local court on Tuesday said it will charge former prime minister Imran Khan in the Toshakhana case on February 7.
Death toll rises to 100 in Peshawar mosque suicide bombing
By Staff Reporter
ISLAMABAD: The death toll from the suicide bombing at the Peshawar mosque rose to 100 on Tuesday after rescue teams retrieved more bodies from the debris and called off the search for survivors of the terrorist attack in the highly guarded site where several hundred police and security men had gathered for afternoon prayers.
Election Commission announces Chaudhry Shujaat Hussain as PML-Q party president
By Naveed Naqvi
ISLAMABAD: The Election Commission of Pakistan (ECP) on Tuesday ruled in favour of Chaudhry Shujaat Hussain and declared him the president of the Pakistan Muslim League-Quaid (PML-Q).
IMF tough love: Cut spending, increase income!
The size of the minibudget is emerging as one of the final sticking points between the Ministry of Finance and the IMF field mission, in Pakistan for the 9th review of a billion-dollar bailout program. By Muhammad Ali & Naveed Naqvi.
Blast rips through Peshawar mosque, killing at least 44 people
By Naveed Naqvi
ISLAMABAD: A suspected suicide bombing at a mosque packed with worshippers during afternoon prayers in Peshawar on Monday killed at least 44 people and wounded another 175, mostly policemen, officials said.