By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement on the seventh and eight reviews of the Fund’s $ billion bailout programme that will allow for a disbursement of $1.177 billion, the IMF said on Wednesday.
Latest
Tackling Karachi’s perennial flooding problem
By The Editors
Over the three days of Eid-ul-Azha this year, intermittent but frequent and heavy spells of rain over parts of Karachi killed more than two dozen residents of Pakistan’s most populous metropolis. This is the beginning of the Monsoon season for the port city.
FIA Case: Top officials bilked PPL for millions of dollars
By Naveed Naqvi
ISLAMABAD: The Federal Investigation Agency (FIA) has arrested Pakistan Petroleum Limited (PPL) Deputy Managing Director Abid Malik and is conducting raids to arrest several others including a former managing director of the state-owned company on charges of bilking the company for millions of dollars, Independent Pakistan can report.
Govt plans fuel price cut to win political reprieve
By Staff Reporter
KARACHI Pakistan’s fragile coalition government is all set to cut fuel prices, a move likely to ensure, for now, much needed political popularity at the cost of vital economic reforms.
A manufacturing facility at Heavy Electrical Complex (HEC), Hattar, Khyber-Pakhtunkhwa. Photo coutesey HEC official website.
Federal government picks up over PKR 20m in accumulated mark-up
The expense concerns a failed bid to privatise the Heavy Electrical Complex (HEC), a unit of Pakistan’s State Engineering Corporation. By Aoun Hussain ISLAMABAD: The
5 dead in Karachi caught between heavy rains and high tide
By Staff Reporter
ISLAMABAD: At least five people died of rain related causes on Monday as Pakistan’s most populous city Karachi continued to struggle with some of the worst wet weather conditions – and as the Met warned the conditions might continue for at least 24 more hours.
Monsoon rains kill dozens more, leave thousands homeless in southern Pakistan
By Staff Reporter
KARACHI South and southwestern Pakistan that have been drenched in rain for days, braced for more heavy downpours on Saturday as the death toll from flooding across the country rose to over 120 while thousands were left marooned or homeless in low-lying areas, officials said.
Is PM Sharif dithering in the face of tough calls?
By Staff Reporter
ISLAMABAD: All levels of his government routinely underscore the need for “tough decisions to save the economy”, but Prime Minister Shehbaz Sharif seems to be dithering in the face of an imperative to raise energy prices.
Composite image created by Independent Pakistan from a photo from Maryam Nawaz Sharif's jalsa in Sheikhpura Friday, July 8, 2022, superimposed with open sources images of flags of parties that separately joined PMLN in alliance the same day.
PM Sharif’s party clinches key alliances ahead of Punjab by-polls
Both TNFJ and TIP represent the influential Shia Muslim vote bank, a Godsend for Sharif’s Deobandi-Sunni party. By Naveed Naqvi ISLAMABAD: Prime Minister Shehbaz Sharif’s