By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved quarterly adjustments of 57 paise per unit in July, August and September bills of K=Electric consumers to adjust Rs90 billion outstanding cost of electricity consumed by the city residents five years back.
By Staff Reporter
ISLAMABAD: With Pakistan well on its way to having the International Monetary Fund (IMF) revive a stalled bailout package it urgently needs, news came on Wednesday that a consortium of Chinese banks has thrown Islamabad a credit line of over USD 2 billion.
By Staff Reporter
ISLAMABAD: In a welcome development Tuesday night, Pakistan and the International Monetary Fund (IMF) evolved broad agreement over the next fiscal’s budget, paving the way for the revival of a stalled Fund bailout program, Independent Pakistan can report.
By Staff Reporter
ISLAMABAD: The government plans to raise much needed millions of dollar in debt via an Islamic sukuk bond later this calander year amid growing concerns about the country’s dwindling foreign currency reserves.
By Naveed Naqvi
ISLAMABAD: The Election Commission of Pakistan (ECP) on Tuesday concluded its long drawn out trial of a prohibited funding case against former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party, reserving its judgement for the time being.
By Staff Reporter
ISLAMABAD: Country’s economic managers on Monday hashed out the ‘tough conditions’ tied to the resumption of the IMF loan programme with Prime Minister Shehbaz Sharif and got a final go-ahead.
By Staff Reporter
KARACHI: The central bank has made importers’ access to dollars comparatively difficult by directing banks to come to it first before making a transaction of $100,000 for any import payment in a latest bid to conserve hard US currency, media reported quoting sources on Monday.
Monitoring Desk
ISLAMABAD: Five people were killed, and four others injured when a vehicle carrying fifteen passengers swept away in flash floods near Sibi district on Sunday.
By Staff Reporter
ISLAMABAD: Hundreds of ad hoc government teachers from Khyber Pakhtunkhwa have staged a protest sit-in outside the PTI chairman Imran Khan’s Bani Gala residence in Islamabad to press the provincial government for their permanent employment.
By Staff Reporter
ISLAMABAD: Security forces have killed at least six alleged terrorists belonging to Baloch Liberation Front (BLF) during a search operation in Paroom area in district Panjgur of Balochistan, the Inter-Services Public Relations (ISPR) said in a statement on Sunday
