By Staff Reporter
ISLAMABAD: Pakistan’s economy is forecast to slow to 3.5 percent in the current fiscal year amid devastating floods, policy tightening, and critical efforts to tackle sizable fiscal and external imbalances, even as growth in FY2022 is expected to have reached 6.0 percent, the Asian Development Bank (ADB) said on Wednesday.
By Staff Reporter
ISLAMABAD: The Federal Investigation Agency (FIA) on Tuesday served a notice to former finance minister Senator Shaukat Tarin of Pakistan Tehreek-i-Insaf (PTI) for investigation into his leaked audio conversation with Taimoor Saleem Jhagra, finance minister of Khyber Pakhtunkhwa.
By Staff Reporter
ISLAMABAD: The Asian Development Bank on Tuesday said it was working “quickly” to provide a “significant” relief and rehabilitation package to the flood-hit Pakistan.
By Staff Reporter
ISLAMABAD: Islamabad High Court (IHC) on Monday ordered police to drop terrorism charges against former prime minister Imran Khan for making threatening remarks against a female judge and senior police during a rally held last month.
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) said on Sunday it would work with the international community to support Pakistan’s relief and reconstruction efforts following the catastrophic floods.
By Staff Reporter
KARACHI: Saudi Arabia renewed a $3 billion deposit at Pakistan’s central bank to bolster the south Asian state’s depleting foreign reserves, the central bank said on Sunday.
By Staff Reporter
ISLAMABAD: As the possibility of any immediate financing from multilateral creditors for the cash-strapped energy sector remains elusive, the government is exploring alternatives to secure programme loans for other sectors of the economy.
By Staff Reporter
ISLAMABAD: Russia has offered Pakistan wheat and gas amidst soaring prices of fuel and commodities as the government struggles to make up for crops and food stocks washed away by catastrophic floods, which have also killed more than 1,500 people, a minister said on Saturday.
By Staff Reporter
KARACHI: The catastrophic floods in Pakistan have killed at least 528 children and impacted about 16 million other, the United Nations International Children’s Emergency Fund (Unicef) said on Friday, fearing many more losing their lives without a massive increase in support.
By Staff Reporter
ISLAMABAD: Pakistan’s already weak economy will further drag on growth in the current fiscal year of 2022/23 as it confronted catastrophic floods that wiped out vital cash crops in two provinces and would also exacerbate political instability, Fitch Solutions said.
