By Staff Reporter
KARACHI: Pakistan’s public debt has risen to almost 80 percent of gross domestic product, limiting the country’s ability to recover from the inflation-induced slowdown, the Asian Development Bank said on Wednesday.
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Imran Khan and Shah Mahmood Qureshi face new indictment in cipher case
By Staff Reporter
ISLAMABAD: A special court on Wednesday indicted former prime minister Imran Khan and former foreign minister Shah Mahmood Qureshi for a second time on charges of violating the Official Secrets Act, a colonial-era law that carries the death penalty.
Supreme Court allows military to try civilians for May protests
By Staff Reporter
ISLAMABAD: The Supreme Court of Pakistan on Wednesday reversed its own decision that had barred the trial of civilians by military courts, paving the way for the army to resume hearing cases of 103 people arrested for vandalizing military installations during nationwide protests in May.
Pakistan seeks Afghan crackdown on militants after 25 troops killed in border attacks
By Staff Reporter
ISLAMABAD: Military said on Tuesday that 25 of its soldiers were killed and several others wounded in three separate terrorist attacks in the restive Khyber Pakhtunkhwa province, near the border with Afghanistan.
ECP plays hardball with Imran Khan’s party over bat symbol
By our correspondent
ISLAMABAD: Pakistan’s main opposition party accused the country’s election commission on Saturday of delaying its poll symbol, a bat, to hurt its chances in the upcoming general elections.
Photo courtesy PSX
Retail investors snap up Pakistan’s debut listed sukuk at 19.52pc yield
By Staff Reporter
KARACHI: Pakistan’s first auction of a one-year listed domestic sukuk, or Islamic bond, was oversubscribed by more than 15 times on Friday, as retail investors flocked to the sharia-compliant debt instrument that offers a higher return than conventional bonds.
Ex-FM Tarin ends political career, resigns from PTI and Senate
By Staff Reporter
KARACHI: Former finance minister Shaukat Tarin said on Friday he was quitting politics for good, citing health and financial reasons, in a latest blow to Pakistan Tahreek-e-Insaf (PTI) party that has faced a wave of defections and arrests.
WHO warns of contaminated syrups from Pakistan’s Pharmix Laboratories
By Staff Reporter
KARACHI: The World Health Organization on Thursday issued an alert about several contaminated syrups and suspension medicines manufactured by a Pakistani company that have been found in countries in the WHO regions.
IMF board to meet on Jan 11 to release $700 million for Pakistan
By Staff Reporter
KARACHI: Pakistan secured a date for the final approval from the International Monetary Fund to receive the next $700 million tranche from its current loan program, a spokeswoman said on Thursday, as the country faces Asia’s highest inflation and a looming debt crisis ahead of a crucial election.
Rights group warns of pre-poll crackdown on civil liberties
By Staff Reporter
KARACHI: The Human Rights Commission of Pakistan (HRCP), a prominent civil society organization, expressed alarm on Wednesday over the restriction of civil liberties and the possible rollback of constitutional reforms ahead of the general elections scheduled for February 8, 2024.