In the final round of an ongoing battle for Punjab, incumbent Chief Minister Hamza Shahbaz and challenger Chaudhry Pervez Elahi are squaring up for a runoff poll. Who will surface the winner? Keep watching this space for updates as the situation develops.
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Elite capture a major ill of Pakistan’s economy, says Atif Mian
By Ahmer Kureishi
ISLAMABAD: Stop gap measures aside, Pakistan cannot puts its economy in order without first plugging runaway elite capture, says Pakistani-American economist Atif Rehman Mian, the first person of Pakistani origin to rank among the top 25 young economists of the world.
Pakistan must raise $4bn in financing before IMF bailout revival
By Mohammad Ali
ISLAMABAD: Pakistan has until August 11 to raise USD 4 billion in financing from other sources before the executive board of the International Monetary Fund (IMF) can consider revival of a stalled multibillion-dollar bailout program for the country, Independent Pakistan can report.
Top judge urges PTI to return to National Assembly
By Naveed Naqvi
ISLAMABAD: The Chief Justice of Pakistan (CJP) Tuesday used his platform as the head of a three-member bench of the country’s apex court to urge former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) to return to the National Assembly and play its role in legislation in the national interest.
Parliamentary panel irked by NAB officials’ defiance
By Naveed Naqvi
ISLAMABAD: Ceased with probing alleged abuse of power and sexual harassment by a former chairman of National Accountability Bureau (NAB), a powerful parliamentary committee says current and former NAB functionaries who think they can flout its authority will be brought to heel through the police.
Political situation factors big in credit ratings
By Staff Reporter
ISLAMABAD: While the economic repercussions of Pakistan’s developing political situation are yet to materialise, recent reports from two of the world’s top credit rating agencies show how the country’s internal politics figures in their calculus.
Political landscape shifting after PTI’s Punjab by-election win
By Riaz Missen
ISLAMABAD: After former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) scored a thumping victory in Sunday’s crucial by-election in the Punjab province, all eyes are on whether the provincial government of its archrival Pakistan Muslim League – Nawaz (PML-N) can survive.
Remittances jump record 6.1 percent in 2021, help cushion rupee
By Staff Reporter
KARACHI: Money sent home by Pakistanis living abroad rose 6.1 percent in the last fiscal year of 2021-22 to $31.2 billion, the central bank said on Monday, setting a new annual record and cushioning the weakening rupee.
Khan’s PTI sweeps Punjab by-elections
By Staff Reporter
LAHORE: Ruling Pakistan Muslim League Nawaz on Sunday suffered a devastating defeat in by-polls as the ousted prime minister Imran Khan’s Tehreek-e-Insaf made a clean sweep on 20 seats elections for provincial Punjab assembly.
UPDATE-2: Largely peaceful polling concludes in crunch Punjab by-election
By Staff Reporter
LAHORE: Balloting concluded in 20 provincial Punjab assembly seats after a tense but largely peaceful day at polling, although a few isolated and seemingly spontaneous incidents of violence were reported from some constituencies.
