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BRICS: India suspected of locking Pakistan out of non-members meeting

BRICS: India suspected of locking Pakistan out of non-members meeting

Tuesday June 28, 2022Tuesday June 28, 2022

By Staff Reporter

ISLAMABAD: Voicing its strongest condemnation, the Foreign Office (FO) on Monday said Pakistan’s participation in a virtual High-Level Dialogue on Global Development on the sidelines of BRICS meetings was barred by a member country with a mala fide intent.

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Pakistan signs debt suspension deal with France

Pakistan signs debt suspension deal with France

Tuesday June 28, 2022Wednesday June 29, 2022

By our correspondent

ISLAMABAD: The government on Monday signed a debt service suspension agreement with France amounting to suspension of loan worth $107 million, under the G-20 Debt Service Suspension Initiative (DSSI) framework.

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PM launches public-private panel to spur economic activities

PM launches public-private panel to spur economic activities

Tuesday June 28, 2022Tuesday June 28, 2022

By Staff Reporter

ISLAMABAD: Prime Minister Shehbaz Sharif has tacked together a powerful new panel that brings together federal ministers, lawmakers, and business tycoons to join heads for the promotion of commercial activities in the country, a statement said on Monday.

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IMF Target: Rs10/litre petroleum levy on fuels likey from July

IMF Target: Rs10/litre petroleum levy on fuels likey from July

Tuesday June 28, 2022Tuesday June 28, 2022

By Staff Reporter

ISLAMABAD: Inflationary fires are set to get worse as the government is weighing slapping Rs10/litre Petroleum Levy on fuels from July 1 as the IMF insists it is critical to cut a staff-level deal for the resumption of a suspended loan, Independent Pakistan has learnt.

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Power tariffs rise come July 1
PYLONS, SUNSET, SILHOUETTE: Image courtesy of Pixabay

Power tariffs rise come July 1

Monday June 27, 2022Tuesday June 28, 2022

By Naveed Naqvi

ISLAMABAD: Come July 1, the price of electricity – that ubiquitous and most essential utility of our time – will climb even higher for households and businesses across much of Pakistan.

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Bhutto’s PPP set to win Sindh’s local government poll hit by violence

Bhutto’s PPP set to win Sindh’s local government poll hit by violence

Monday June 27, 2022Monday June 27, 2022

By Staff Reporter

KARACHI: At least two people were killed, and several dozens were injured on Sunday after rival political parties contesting first phase of local government elections in Sindh fired guns and scuffled, police said.

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Ex-PM Khan calls for fresh protest in Islamabad on July 2

Ex-PM Khan calls for fresh protest in Islamabad on July 2

Sunday June 26, 2022Sunday June 26, 2022

By Staff Reporter

ISLAMABAD: Ouster prime minister Imran Khan called on his supporters to stage a protest in Parade Ground, a week from now on July 2, of the capital to force the government to hold new elections.

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SBP, banks challenge Riba verdict in Supreme Court

SBP, banks challenge Riba verdict in Supreme Court

Sunday June 26, 2022Sunday June 26, 2022

By Staff Reporter

ISLAMABAD: The central bank and at least four commercial banks on Saturday challenged a ruling of the Federal Shariah Court (FSC) for the abolishment of interest in the Supreme Court of Pakistan, seeking apex court’s guidance on Riba free economy in the country.

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The importance of being Miftah Ismail
SCREENSHOT: Finance Minister Miftah Ismail's official Twitter profile.

The importance of being Miftah Ismail

Saturday June 25, 2022Monday June 27, 2022

By Staff Reporter

ISLAMABAD: We suffer budgets annually and mostly survive them but seldom do we get a glimpse of the thought process going into the making of one in real time.

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Pakistan almost seals IMF deal with super tax

Pakistan almost seals IMF deal with super tax

Saturday June 25, 2022Saturday June 25, 2022

By Staff Reporter

ISLAMABAD: Mustering the much-needed courage, the government on Friday levied a super tax on big-earners to raise extra Rs466 billion, enabling itself to chase a higher tax target of Rs7.470 trillion to reclaim the IMF loan ditched by the last government.

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Top Stories

Pakistan’s second Eurobond of 2026 tests investors’ appetite for longer debt

Wednesday September 2, 2026Wednesday September 2, 2026
By Staff Reporter ISLAMABAD: Pakistan is asking bond investors for a longer commitment this time. The government began marketing a dual-tranche dollar bond with five-
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