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Pakistan’s growth prospects dim as World Bank flags policy, political challenges

Pakistan’s growth prospects dim as World Bank flags policy, political challenges

Thursday January 11, 2024Thursday January 11, 2024

By Staff Reporter

ISLAMABAD: Pakistan’s economy will grow at a sluggish pace of 1.7 percent in the current fiscal year, as tight monetary and fiscal policies and political uncertainty weigh on domestic demand, the World Bank said in a report on Wednesday.

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Musharraf’s treason case ends with Supreme Court ruling

Musharraf’s treason case ends with Supreme Court ruling

Thursday January 11, 2024Thursday January 11, 2024

By Staff Reporter

ISLAMABAD: The Supreme Court of Pakistan on Wednesday upheld a special court’s verdict that sentenced former military ruler Pervez Musharraf to death for high treason, dismissing an appeal by his supporters who said the trial was unconstitutional and politically motivated.

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Currency reforms boost remittances to $2.4bn in Dec

Currency reforms boost remittances to $2.4bn in Dec

Wednesday January 10, 2024Wednesday January 10, 2024

By Staff Reporter

KARACHI: Pakistan received $2.4 billion in remittances from its overseas workers in December, up 13.4 percent from a year earlier, as a stable currency and improved economic outlook encouraged more inflows through official channels, the central bank data showed on Wednesday.

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Sharif cleared for polls, Khan faces setback

Sharif cleared for polls, Khan faces setback

Wednesday January 10, 2024Wednesday January 10, 2024

By Staff Reporter

ISLAMABAD: Former prime minister Nawaz Sharif won a legal victory on Wednesday as a tribunal cleared him to run in next month’s general elections, while his rival Imran Khan suffered a setback with two of his nominations rejected.

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Gunmen strike election hopefuls, one dead

Gunmen strike election hopefuls, one dead

Wednesday January 10, 2024Thursday January 11, 2024

By Staff Reporter

ISLAMABAD: A candidate running for the upcoming general elections in Pakistan were killed and another was injured in separate attacks on Wednesday, raising fears of violence and instability ahead of the next months polls.

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Justice Naqvi resigns amid misconduct charges

Justice Naqvi resigns amid misconduct charges

Wednesday January 10, 2024Wednesday January 10, 2024

By Staff Reporter

ISLAMABAD: A Supreme Court judge facing complaints of misconduct resigned on Wednesday, saying he could not continue to serve due to circumstances that were “a matter of public knowledge”.

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PTI gets back its bat

PTI gets back its bat

Wednesday January 10, 2024Wednesday January 10, 2024

By Staff Reporter

ISLAMABAD: Peshawar High Court on Wednesday overturned a decision by the country’s election commission to revoke the electoral symbol of the former prime minister Imran Khan’s party, a bat, just weeks before a crucial general election.

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PTI pulls back from SC, pins hopes on PHC for bat symbol

PTI pulls back from SC, pins hopes on PHC for bat symbol

Wednesday January 10, 2024Wednesday January 10, 2024

By Staff Reporter

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI), the former ruling party led by jailed Imran Khan, on Wednesday withdrew its petition to secure the bat symbol from the Supreme Court, as it awaited a verdict from the Peshawar High Court on its intra-party elections.

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Former PM Khan faces corruption and terrorism charges, wife also indicted

Former PM Khan faces corruption and terrorism charges, wife also indicted

Wednesday January 10, 2024Wednesday January 10, 2024

By Staff Reporter

ISLAMABAD: Former prime minister Imran Khan was arrested Tuesday on charges of inciting violence and attacking the military headquarters during a protest in May, as he and his wife faced indictment in a corruption case involving gifts from foreign leaders.

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Pakistan seeks oil and cash aid from Gulf allies ahead of IMF review, election

Pakistan seeks oil and cash aid from Gulf allies ahead of IMF review, election

Wednesday January 10, 2024Wednesday January 10, 2024

By Staff Reporter

ISLAMABAD: Pakistan is in talks with Saudi Arabia and the United Arab Emirates to secure additional oil and financial assistance to shore up its foreign exchange reserves ahead of a crucial IMF review and prepare for a general election next month.

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