By Staff Reporter
KARACHI The State Bank of Pakistan (SBP) on Thursday raised its benchmark interest rate by 300 basis points to 25-year high of 20 percent to tame runaway inflation and also to win back a stalled $1.2 billion loan tranche from the International Monetary Fund.
By Staff Reporter
KARACHI: Inflation in February hit the highest in 50 years on runaway food, beverage and transportation prices, official data showed on Wednesday, highlighting the challenge for the central bank as the country reels under its worst financial crisis in over 75 years of history.
By Staff Reporter
ISLAMABAD: Islamabad High Court (IHC) wants all the former chief executives from Pervez Musharraf to present Shehbaz Sharif to come clean on their alleged unspoken agreement to extrajudicial abductions of citizens, for which they can be tried for high treason.
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 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
Prime Minister Shehbaz Sharif’s tryst with PMLN bigwig Nawaz Sharif in London, where most commentators believe extraordinary decisions governing the latter’s political future were taken, is under attack from all sides for its overly clandestine nature.
