By Staff Reporter
ISLAMABAD: The Pakistan army on Friday dismissed reports of disunity among its ranks and also denied any possibility of martial law being imposed in the country, emphasizing that such an action was completely out of the question.
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Cabinet divided over emergency rule
By Naveed Naqvi
ISLAMABAD: The federal cabinet of the Prime Minister Shehbaz Sharif’s coalition government faced internal discord during its second session as members failed to reach a consensus on the implementation of an emergency rule in the country.
Imran Khan granted two-week bail in land corruption case
By Staff Reporter
ISLAMABAD: Former Prime Minister Imran Khan was granted bail on Friday for two weeks by the Islamabad High Court in a land corruption case, after his arrest sparked deadly protests across the country.
Growth rate predicted to flatline at 0-0.5pc, agriculture faces downturn
By Staff Reporter
ISLAMABAD: Pakistan’s growth rate is anticipated to remain stagnant between 0 and 0.5 percent for the outgoing financial year of 2022-23, with concerns mounting over a potential downturn in the crucial agriculture sector.
“Pakistan will not default, IMF or no IMF”
By Staff Reporter
ISLAMABAD: Finance Minister Ishaq Dar on Thursday said Pakistan would meet its debt obligations until December of this year and avoid defaulting, regardless of whether the International Monetary Fund (IMF) bailout program is revived.
Supreme Court rules arrest of Imran Khan illegal, orders release
By Staff Reporter
ISLAMABAD: Pakistan’s highest court ruled on Thursday that the arrest of former Prime Minister Imran Khan from the premises of the Islamabad High Court earlier this week was illegal, ordering his immediate release.
ECC approves Roosevelt Hotel settlement agreement to lease 1,025 rooms for 3 years
By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has given its approval for the execution of a settlement agreement between the Roosevelt Hotel Union, the New York City Government (NYCG), and the Roosevelt Hotel Corporation (RHC). Under the agreement, the hotel will lease 1,025 rooms for a period of three years.
IMF says engagement with Pakistan on current loan deal continues
By Staff Reporter
KARACHI: The International Monetary Fund (IMF) continues its active involvement with Pakistan in the pursuit of securing funding and policy assurances, aiming to achieve a consensus on the ninth review of the $6.7 billion loan that was initially agreed upon in 2019, said a spokesperson of the Washington-based lender.
Premier Sharif says PTI supporters’ attack on public property is an act of terrorism
By Staff Reporter
ISLAMABAD: Prime Minister Shahbaz Sharif on Wednesday expressed deep concern over the destruction of public and private infrastructure in violent protests by supporters of former premier Imran Khan following his arrest in a corruption case, which compelled the coalition government to deploy troops in the capital Islamabad, the most populous province of Punjab, and volatile regions of the northwest.
Military accuses Khan’s party of premeditated violence
The military’s media wing dubbed May 9 – the day followers of Former Prime Minister Imran Khan targeted public and army installations with vandalism and arson attacks – a black day. By Naveed Naqvi.