By Staff Reporter
ISLAMABAD: With Pakistan and the International Monetary Fund (IMF) deadlocked over the issue of energy subsidies, the revival of a suspended Fund bailout will have to wait until after the approval of the national budget for the next fiscal, it became clear late Wednesday.
By Staff Reporter
ISLAMABAD: Pakistan’s economic negotiators are one by one pulling every gambit in the book to crack the IMF code that unlocks dollar inflows through a $6 billion bailout programme within this week. The ongoing Pakistan-IMF talks in Doha can go three possible directions.
By Staff Reporter
ISLAMABAD, PESHAWAR, LAHORE, SIALKOT, ETC.: The messy battle for political ascendancy in Pakistan between an ousted prime minister and the ruling coalition threatened to become even messier Tuesday when a police officer was gunned down on the course of a police raid of a minor political figure’s home.
By Staff Reporter
ISLAMABAD: When they couldn’t find an exorcist to drive the demons possessing the economy out, some number-crunching wizkid pitched the idea of rebasing the economy to shave some decimals off those hairy figures, which the PTI-led regime’s likely fifth column found quite clever and convinced Imran Khan to go for it.
By Staff Reporter
KARACHI: The central bank raised its benchmark interest rate by 150 basis points to 13.75 percent, the second hike in less than two months, to tame runaway inflation as policy makers try to win a bailout from the International Monetary Fund without meeting the politically tough condition of increasing fuel prices.
By Staff Reporter
ISLAMABAD: Former prime minister Imran Khan asked his supporters to march on Islamabad for a ‘battle for real freedom’ sit-in on May 25 to press the coalition government to call an early election or face popular rage in a grim escalation of a three-month long political crisis.
By Staff Reporter
ISLAMABAD: Top government personalities at both federal and (Punjab) provincial level reportedly professed ignorance as to who had greenlit or ordered the Saturday arrest of Dr Shireen Mazari, a close aide of the ousted Prime Minister Imran Khan.
By Staff Reporter
ISLAMABAD: Pakistani officials started a much-delayed talks with the International Monetary Fund (IMF) on Wednesday, asking the Fund to extend its loan program for a year and boost the $6 billion loan to help support the country’s battered economy.
By Staff Reporter
ISLAMABAD: A crashing rupee on Wednesday finally shocked the government into bringing more luxury imports under an existing ban to throttle dollar outflows and control trade deficit.
By Staff Reporter
ISLAMABAD: The Pakistan Democratic Front (PDM) government has decided to bite the bullet of economic stabilisation and aim to complete the full term of the sitting National Assembly before heading to the general election, well-placed sources told Independent Pakistan on Wednesday.
