By Staff Reporter
ISLAMABAD: Saudi Arabia has agreed a joint venture with China to build a $10 billion refinery and petrochemical complex on Pakistan’s southwestern coast, nearly three years after the project was shelved.
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Imran Khan booked for receiving prohibited foreign funding
By Staff Reporter
Islamabad: Ousted Prime Minister Imran Khan and other senior leaders of his Pakistan Tehreek-e-Insaf (PTI) party were booked by the Federal Investigation Agency (FIA) on Tuesday for allegedly receiving prohibited funding from abroad.
Malala Yousafzai arrives in Pakistan to meet flood-hit victims
By Staff Reporter
KARACHI: Nobel laureate Malala Yousafzai arrived in Pakistan on Tuesday, her first visit to her home country in more than four years, to visit areas devastated by cataclysmic floods and meet flood-affected people.
Remittances fall 6.3pc to $7.7bn in July-September
By Staff Reporter
KARACHI: Pakistan’s remittances, one of the country’s main sources of foreign currency, fell 6.3 percent to $7.7 billion bln in the first quarter year-on-year due to the impact of looming recession on global economy, central bank data showed on Tuesday.
Moody’s downgrades five Pakistani banks’ ratings; maintains negative outlook
By Staff Reporter
ISLAMABAD: Rating agency Moody’s on Tuesday downgraded the long-term deposit ratings of five Pakistani banks to Caa1 from B3.
Prime Minister Shehbaz Sharif, left; and former Prime Minister Imran Khan. Photos courtesy of Press Information Department
Sharif mulls trump card as Khan astir to besiege capital
With former Prime Minister Imran Khan gearing to besiege Islamabad, PM Sharif is considering early announcement of his choice for the next army chief. By Muhammad Ali.
PM Sharif says Thar coal project to prove ‘game-changer’ with $6bn savings in fuel imports
By Staff Reporter
THAR: Prime Minister Shehbaz Sharif on Monday said the inexpensive energy production from Thar Coal Mines Project would prove to be a game-changer of development for the entire country.
ECC approves Rs410.181mn to deal with PTI’s ‘Azadi March’ in Islamabad
By Staff Reporter
ISLAMABAD: The government would spend Rs410.181 rupees to shield capital Islamabad from a protest rally planned by Pakistan Tehreek-e-Insaf (PTI).
PTI to move court over audio leaks
By Staff Reporter
ISLAMABAD: Former prime minister Imran Khan on Monday said his Pakistan Tehreek-e-Insaf (PTI) will
approach the court to establish the authenticity of the recently leaked audio recordings.
SBP holds interest rate at 15pc to support flood-hit economy
By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) on Monday kept its benchmark interest rate on hold at 15 percent, opting to leave borrowing costs unchanged despite soaring inflation as it warned of a further economic slowdown dure to catastrophic floods.