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Top court to hear challenge to military trials of civilians

Top court to hear challenge to military trials of civilians

Friday October 20, 2023Friday October 20, 2023

By Staff Reporter

ISLAMABAD: The Supreme Court of Pakistan will hear on Monday a dozen petitions challenging the trials of civilians in military courts, a move that could have implications for the fate of more than 100 people accused of involvement in violent protests earlier this year.

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Current account gap narrows to near-zero in Sept

Current account gap narrows to near-zero in Sept

Friday October 20, 2023Friday October 20, 2023

KARACHI: The current account deficit shrank to almost zero in September, as a steep fall in imports and a slight increase in remittances offset weak exports.

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ISPR says high-value target among six killed in North Waziristan

ISPR says high-value target among six killed in North Waziristan

Friday October 20, 2023Friday October 20, 2023

By Staff Reporter

ISLAMABAD:  Security forces killed six militants, including a high-value target, in a raid on a hideout in the northwestern region of North Waziristan, the military said on Thursday.

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Pakistan says no extension for illegal immigrants to leave

Pakistan says no extension for illegal immigrants to leave

Friday October 20, 2023Friday October 20, 2023

By Staff Reporter

ISLAMABAD: Pakistan said on Thursday it would not extend the deadline for illegal immigrants to leave the country by the end of this month, and warned of legal action against those who stay beyond November 1.

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Ex-PM Sharif gets bail, set to return from London

Ex-PM Sharif gets bail, set to return from London

Friday October 20, 2023Friday October 20, 2023

By Staff Reporter

ISLAMABAD: The Islamabad High Court on Thursday granted protective bail to former prime minister Nawaz Sharif in two corruption cases until October 24, paving the way for his return to Pakistan after nearly four years of self-imposed exile.

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Forex reserves rise, forward book shrinks as Pakistan follows IMF plan

Forex reserves rise, forward book shrinks as Pakistan follows IMF plan

Saturday October 14, 2023Saturday October 14, 2023

By Staff Reporter

KARACHI: Pakistan’s central bank said on Friday it has met an end-September deadline for a forward book target of $4.2 billion agreed with the IMF and is comfortably placed to meet others on net international reserves and net domestic assets.

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Pakistan borrows $3.5 billion in July-September, up 58pc year-on-year

Pakistan borrows $3.5 billion in July-September, up 58pc year-on-year

Saturday October 14, 2023Saturday October 14, 2023

By Staff Reporter

ISLAMABAD: Pakistan’s external borrowing jumped 58 percent in the first quarter of the current fiscal year 2023-24, as the country sought to bolster its foreign exchange reserves and meet its debt obligations amid a challenging economic situation.

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Suzuki Motor plans to take over Pak Suzuki, exit Pakistan bourse

Suzuki Motor plans to take over Pak Suzuki, exit Pakistan bourse

Thursday October 12, 2023Thursday October 12, 2023

By Staff Reporter

KARACHI: Pak Suzuki Motor Co Ltd, Pakistan’s biggest carmaker, said on Thursday it will consider a proposal by its parent company Suzuki Motor Corp to buy out its minority shareholders and de-list from the Pakistan Stock Exchange (PSX).

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Pakistan’s budget gap seen wider than target – IMF 

Pakistan’s budget gap seen wider than target – IMF 

Thursday October 12, 2023Thursday October 12, 2023

By Staff Reporter

ISLAMABAD: Pakistan’s fiscal deficit is expected to exceed the government’s target by more than one percentage point of gross domestic product in the current financial year, the International Monetary Fund (IMF) said on Wednesday.

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Supreme Court upholds law on its own affairs, but limits right of appeal

Supreme Court upholds law on its own affairs, but limits right of appeal

Thursday October 12, 2023Thursday October 12, 2023

By Staff Reporter

ISLAMABAD: Pakistan’s Supreme Court on Wednesday upheld a law that gives a panel of three senior judges the authority to regulate the court’s own affairs, including how cases are assigned and which judges hear them.

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