By Staff Reporter
ISLAMABAD: A day after giving the stick of a fuel price hike, Prime Minister Shehbaz Sharif Friday dangled the carrot of a Rs28 billion/month inflation allowance before the nation’s poor, justifying the move as inevitable.
Staff Reporter
ISLAMABAD: A default-threatened PML-N government took its most reluctant plunge and raised fuel prices to pave the way for an IMF bailout, ignoring the political cost of the move.
By Staff Reporter
Pakistan’s sprinting prodigy Sahib-e-Asra, who has three international medals to her credit, is unlikely to outrun her financial troubles, but she remains in hot pursuit of her Olympic dream.
By our correspondent
ISLAMABAD: Ousted prime minister Imran Khan has warned the government to set fresh elections schedule in the next six days, failing which he will again march on the capital Islamabad to stage a sit-in along with millions of people.
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.
