By Staff Reporter
KARACHI: The central bank on Wednesday received inflows of $ 1.16 billion from the International Monetary Fund (IMF) as loan tranche under the Extended Fund Facility.
Latest
Fuel prices raised again
By Staff Reporter
ISLAMABAD: The government on Wednesday revised the prices of petroleum products, increasing the rates of petrol by Rs2.07 per liter with effective from September 1, 2022.
PM Sharif to consult coalition partners on importing goods from India
By Staff Reporter
ISLAMABAD: The government is considering loosening restrictions on the largely closed border with arch-rival India to import mostly vegetables to mitigate cataclysmic floods fallout as food prices have risen sharply, a minister said on Wednesday.
FBR beats August collection target
The record PKR 489 billion collection exceeds the August target by a slim margin and represents a 9.15 percent growth from last August despite a 161 percent growth in refunds. By Muhammad Ali.
Court declines to let Khan off the hook over contempt
The court took apart Khan’s preliminary reply to the show cause notice for contempt of court over inflammatory remarks, and gave him seven days to file his supplementary reply. By Naveed Naqvi.
Govt plans import of Russian wheat as floods damaged crop
By Staff Reporter
ISLAMABAD: The government on Tuesday planned to import one million tons of Russian wheat to build strategic stocks as unprecedented flash floods caused by historic monsoon rains have washed away major crops, including wheat.
UN chief says Pakistan floods caused by ‘monsoon on steroids’; seeks $160mln in emergency aid
By Staff Reporter
ISLAMABAD: The United Nations and Pakistan launched a flash appeal on Tuesday seeking to raise $160 million in emergency aid for over 33 million people affected by record-breaking floods that have killed more than 1,100 people since June.
The Prince of Taxila?
A monumental head of a bodhisattva is returning to Pakistan from Australia after being smuggled out of the country by art thieves. A veteran curator of Gandhara Art says it could have originated in the Taxila Valley.
Update: IMF approves much-awaited $1.17bln disbursement for Pakistan
By Staff Reporter
KARACHI: The International Monetary Fund’s (IMF) executive board on Monday approved a much awaited $1.17 billion disbursement to Pakistan after completing seventh and eighth reviews of the country’s reforms under a stalled $6 billion loan program.
Politics before polity?
By Ahmer Kureishi
It the end, it did not matter because the International Monetary Fund (IMF) executive board put its seal on the staff-level agreement made with Pakistan in July. But Pakistan is aghast that former Prime Minister Imran Khan and his inner coterie stooped to something treachery in high places does not begin to describe.