By Staff Reporter
ISLAMABAD: Pakistan’s talks with the International Monetary Fund (IMF) on $6 billion bailout deal is trudging closer to the finish line, and the south Asian country could receive the stuck-up disbursement within the current month, sources said on Wednesday.
By Staff Reporter
ISLAMABAD: Pakistan’s ambassador to the US, Masood Khan, met President Joe Biden in the White House and the two discussed to reset bilateral ties, which had deteriorated in the past few years under former prime minister Imran Khan.
By Staff Reporter
RAWALPINDI: Denying a raise in the next fiscal’s defence budget, the military on Tuesday asserted, in view of the runaway inflation, their allocation shrank by Rs100 billion, a claim that on the face of it does not add up.
By Staff Reporter
ISLAMABAD: All is set for Indonesia to send ten shiploads of palm oil to Pakistan on urgent basis, with the first ship ready to set sail for Karachi on Tuesday, according to a statement issued by the Prime Minister’s Office.
By Staff Reporter
KARACHI: The rupee hit a new record low against the US dollar in early Tuesday trade as the relentless surge in global crude oil prices raised concerns about a sustained rise in imported inflation, while a shortage of dollars threatens to spiral into a fullblown crisis.
By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday consented to a hike of Rs 7.91/unit in the baseline power tariff on average, but in a staggered manner, starting from July 1, 2022.
By Staff Reporter
ISLAMABAD: Pakistan will have to ‘do more’ to align the Budget 2022-23 with IMF’s requisites for the resumption of Extended Fund Facility (EFF) programme, a top fund official said on Monday.
By Staff Reporter
ISLAMABAD: British Airways on Tuesday suspended its direct flights from London’s Heathrow Airport to Islamabad owing to operational issues for fifteen days (June1-30).
By Staff Reporter
ISLAMABAD: The government direly needs Rs165.2 billion for servicing foreign loans during the outgoing fiscal year as the rupee has slumped to record low against the dollar.
By Staff Reporter
ISLAMABAD: Top military brass on Monday issued a strong caveat against irresponsible comments on the country’s nuclear arsenal, a message most probably meant for ex prime minister Imran Khan for a political jibe about the safety of the country’s deterrence against the nuclear-armed India.
