By Staff Reporter
ISLAMABAD: Former prime minister Imran Khan, who is serving a prison sentence for corruption, will not be contesting the intra-party elections of his Pakistan Tahreek-e-Insaf (PTI) party scheduled for Saturday, citing his legal problems and the risk of losing the party’s symbol in the upcoming general elections, his lawyer said on Wednesday.
News Desk
The tax authority seized 58.8 million cigarettes in the first quarter of the fiscal year 2023-24, as part of its crackdown on the illicit tobacco sector, but failed to prosecute or imprison any of the offenders who are evading taxes and causing losses to the national exchequer.
By Staff Reporter
ISLAMABAD: The Islamabad High Court on Tuesday ruled that the jail trial of former Prime Minister Imran Khan, who is accused of possessing a classified diplomatic cable, was illegal and ordered his transfer to a regular court.
By Staff Reporter
ISLAMABAD: The Asian Development Bank (ADB) on Friday approved $250 million in loans that will help deliver reliable electricity in Pakistan by expanding and improving the power transmission network in the country’s Punjab and Khyber Pakhtunkhwa provinces.
By Staff Reporter ISLAMABAD: Pakistan will need a new short-term loan from the International Monetary Fund (IMF) to cope with its fragile economy and may
By Staff Reporter
ISLAMABAD: The government on Tuesday approved the trial of former prime minister Imran Khan in jail over allegations that he received land worth millions of dollars as a bribe from a property developer through a charity trust run by his third wife, a spiritual healer.
By Staff Reporter
ISLAMABAD: Pakistan’s newly created Special Investment Facilitation Council (SIFC) to attract foreign investors has come under scrutiny from the International Monetary Fund (IMF), which has advised the country to avoid creating distortions or preferential treatment in its business deals, Dawn newspaper reported on Wednesday.
By Staff Reporter
ISLAMABAD: Asad Umar, a former planning minister and a senior leader of the opposition Pakistan Tahreek-e-Insaf (PTI) party, announced on Saturday that he was quitting politics and leaving the party, citing policy differences over its confrontational stance toward state institutions.
By Staff Reporter
ISLAMABAD: The Privatization Commission (PC) said on Friday that it had approved the appointment of a British consortium led by Ernst & Young as the financial adviser for the privatization of the loss-making Pakistan International Airlines (PIA) by the end of January 2024.
By Staff Reporter
KARACHI: Stocks soared to a new record high on Friday, crossing the 55,000 level for the first time, as investors anticipated a cut in the policy rate and welcomed the progress in the talks with the International Monetary Fund (IMF).
