By Staff Reporter
ISLAMABAD: A fresh resolution was submitted in the Senate on Friday, calling for a three-month delay in the general elections scheduled for February 8, citing security concerns and a surge in violence against candidates.
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Pakistan’s economy improves, but needs more reforms to sustain recovery: IMF
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) said Pakistan’s economy has shown signs of improvement, with growth expected to reach 2 percent in the current fiscal year, but warned that inflation remains high and more reforms are needed to sustain the recovery.
Sania Nishtar named CEO of global vaccine alliance Gavi
By Staff Reporter
ISLAMABAD: Dr. Sania Nishtar, a senator and former special assistant to the prime minister of Pakistan, has been appointed as the chief executive officer of Gavi, the Vaccine Alliance, the organization announced Thursday.
Next chief justice resigns amid judicial crisis
By Staff Reporter
ISLAMABAD: The Supreme Court of Pakistan’s Justice Ijazul Ahsan resigned on Thursday, a day after another judge facing misconduct charges quit, leaving the country’s top court in turmoil and raising questions about its independence.
Pakistan secures $700 million IMF loan tranche
By Staff Reporter
KARACHI: Pakistan secured a $700 million loan from the International Monetary Fund on Thursday, the second tranche of a $3 billion loan program that aims to shore up its foreign exchange reserves and currency ahead of a national election in February.
Earthquake shakes Pakistan, no casualties reported
By Staff Reporter
ISLAMABAD: A strong earthquake rattled parts of Pakistan on Thursday afternoon, sending people scrambling out of their homes and offices, but causing no major damage or injuries, officials said.
ECP challenges PTI’s bat symbol in top court
By Staff Reporter
ISLAMABAD: The election watchdog on Thursday challenged a court ruling that allowed the party of former prime minister Imran Khan to keep its cricket bat symbol, setting up a legal showdown ahead of the February 8 general elections.
Pakistan’s growth prospects dim as World Bank flags policy, political challenges
By Staff Reporter
ISLAMABAD: Pakistan’s economy will grow at a sluggish pace of 1.7 percent in the current fiscal year, as tight monetary and fiscal policies and political uncertainty weigh on domestic demand, the World Bank said in a report on Wednesday.
Musharraf’s treason case ends with Supreme Court ruling
By Staff Reporter
ISLAMABAD: The Supreme Court of Pakistan on Wednesday upheld a special court’s verdict that sentenced former military ruler Pervez Musharraf to death for high treason, dismissing an appeal by his supporters who said the trial was unconstitutional and politically motivated.
Currency reforms boost remittances to $2.4bn in Dec
By Staff Reporter
KARACHI: Pakistan received $2.4 billion in remittances from its overseas workers in December, up 13.4 percent from a year earlier, as a stable currency and improved economic outlook encouraged more inflows through official channels, the central bank data showed on Wednesday.