By Staff Reporter
ISLAMABAD: S&P Global Market Intelligence expects the State Bank of Pakistan (SBP) to cut its policy rate by the end of June and projects a cumulative 450-basis-point reduction by the end of 2024, following a surprise drop in the monthly inflation rate.
By Staff Reporter
ISLAMABAD: The Islamabad High Court (IHC) on Monday acquitted former Prime Minister Imran Khan and ex-Foreign Minister Shah Mahmood Qureshi of charges related to leaking state secrets, their lawyer and party said.
By Staff Reporter
KARACHI: Inflation cooled more than expected in May, hitting a 30-month low and coming in under government forecasts, potentially giving the central bank room to ease policy in the upcoming review.
By Staff Reporter
ISLAMABAD: The government has cut the price of petrol by 5.3 percent to Rs273.10 per liter for the next 15 days, the second cut in a fortnight, providing some relief to consumers reeling from inflation over the past two years.
By Staff Reporter
ISLAMABAD: Pakistan’s telecom operators have reached an agreement with the Federal Board of Revenue (FBR) to block mobile phone SIMs of individuals who haven’t filed their tax returns, ending a week-long standoff with the tax authorities.
By Staff Reporter
ISLAMABAD: Lawyers’ associations called for a nationwide strike on Thursday, shutting down all courts, including the Supreme Court, high courts, and subordinate judiciary, to protest against “police brutality” towards lawyers in Lahore.
By Staff Reporter
ISLAMABAD: Former prime minister Imran Khan refused to apologise on Wednesday for the violent protests that erupted on May 9 after his brief arrest in a corruption case, saying he was unaware of the events at the time and had already condemned them.
By Staff Reporter
ISLAMABAD: Pakistan’s first lunar satellite, ICUBE-Q, successfully entered the moon’s orbit on Wednesday, a senior official at the country’s Institute of Space Technology (IST) said, hailing the development as a crucial step towards bigger space missions in the future.
By Staff Reporter
KARACHI: The National Electric Power Regulatory Authority (NEPRA) on Wednesday allowed distribution companies to levy a Rs2.83 per unit additional charge on consumers’ bills for May as part of fuel cost adjustment (FCA) charges.
By Staff Reporter
ISLAMABAD: Pakistan plans to introduce pension reforms to reduce its ballooning expenditure and secure a new deal with the International Monetary Fund (IMF), Finance Minister Muhammad Aurangzeb said on Tuesday.
