By Staff Reporter
ISLAMABAD: At least 21 people were killed, mostly soldiers, in three separate attacks on Friday in the western provinces of Balochistan and Khyber Pakhtunkhwa, which border Afghanistan, officials said.
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FBR tax goal under IMF scrutiny over import slump, legal hurdles
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) has cast doubt on Pakistan’s ability to meet its ambitious tax collection goal for the current fiscal year, as lower imports and legal challenges pose risks to revenue growth, officials said on Friday.
Pakistan, IMF start first review of $3 billion loan program
By Staff Reporter
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) began the first review of a $3 billion bailout package on Thursday, with both sides expressing early satisfaction over the country’s progress in meeting the fiscal and monetary targets set by the lender.
After Supreme Court intervention, Pakistan to hold elections on Feb. 8
Pakistan’s Supreme Court intervenes to end election impasse, sets Feb. 8 as polling date. Ex-PM Sharif back in the fray after four years in exile, while jailed Khan remains sidelined.
Inflation slows to 26.9pc in October, lowest in 10 months
By Staff Reporter
ISLAMABAD: Pakistan’s annual inflation rate eased to 26.9 percent in October, the lowest level in 10 months, as food and fuel prices dropped sharply, official data showed on Wednesday.
Shell ends century in Pakistan with sale to Saudi firm
By Staff Reporter
KARACHI: Shell Petroleum Company Limited (SPCo), the parent company of Shell Pakistan Limited (SPL), has agreed to sell its domestic operations to Saudi Arabia’s Wafi Energy LLC, a fuel retailer, for an undisclosed amount, the companies said on Wednesday.
Pakistan begins mass deportation of undocumented migrants, mostly Afghans
By Staff Reporter
ISLAMABAD: Pakistan began a nationwide crackdown on Wednesday against thousands of illegal immigrants, mostly Afghans, who failed to leave the country by a government-imposed deadline that expired at midnight on Tuesday.
Fuel prices unchanged after gas rates hike
By Staff Reporter
ISLAMABAD: The caretaker government decided to keep the prices of petrol and high-speed diesel unchanged for the first half of November, a day after it raised the tariffs on natural gas for most consumers and industries.
Saudi WAFI Energy eyes majority stake in Shell Pakistan
By Staff Reporter
KARACHI: WAFI Energy LLC, one of the leading fuel station companies in Saudi Arabia, has announced its intention to acquire up to 77.42 percent shares and control of Shell Pakistan Limited (SHEL), a subsidiary of the global oil giant Shell Plc.
Pakistan sees growth pickup, inflation drop ahead of IMF talks
By Staff Reporter
ISLAMABAD: The Finance Ministry said on Tuesday it expects the economy to remain positive in the current fiscal year, as it projected a decline in inflation and a rise in growth ahead of talks with the International Monetary Fund (IMF).