ISLAMABAD: The World Bank has approved $700 million in financing for Pakistan as part of a multi-year program designed to shore up the nation’s macroeconomic stability and improve public service delivery.
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Sons of Imran Khan accuse authorities of using ‘torture tactics’ in his imprisonment
ISLAMABAD: The sons of Imran Khan, the jailed founder of opposition Pakistan Tehreek-e-Insaf party, have accused the authorities of subjecting their father to isolation and harsh conditions that they described as “clear torture tactics,” intensifying concerns over his treatment more than two years into his incarceration.
Updated-Imran Khan and Bushra Bibi sentenced to 17 years in Toshakhana graft case
RAWALPINDI: A special court in Rawalpindi on Saturday sentenced Imran Khan, the founder of Pakistan Tehreek-e-Insaf party and the country’s former prime minister, along with his wife, Bushra Bibi, to 17 years in prison in a corruption case involving the purchase of an expensive state gift jewellery set at a steeply discounted price.
Imran Khan and Bushra Bibi sentenced to 17 years in Toshakhana graft case
RAWALPINDI: A special court in Rawalpindi on Saturday sentenced Imran Khan, the founder of Pakistan Tehreek-e-Insaf and the country’s former prime minister, along with his wife, Bushra Bibi, to 17 years in prison in a corruption case involving the purchase of an expensive Bulgari jewellery set at a steeply discounted price.
Factory output defies export slump with robust growth
ISLAMABAD: The large-scale manufacturing sector posted a solid 5.02% expansion in the first four months of the fiscal year through October, bucking a broader slide in exports and signalling resilience in domestic demand amid currency stability.
IMF says Pakistan’s economic gains fragile without structural fixes
ISLAMABAD: Structural reforms in Pakistan’s energy sector, state-owned enterprises and governance frameworks are essential to the success of the country’s $7 billion bailout program with the International Monetary Fund, a senior IMF official said, warning that macroeconomic vulnerabilities remain despite recent progress.
Pakistan warns of crop losses as India disrupts Jhelum flows days after Chenab manipulation
ISLAMABAD: Pakistan accused India on Friday of deliberately disrupting the flow of the Jhelum River by abruptly holding and releasing water from upstream hydroelectric projects, a move that officials said was exacerbating a water crisis already straining the country’s vast agricultural heartland after similar fluctuations in the Chenab River.
Pakistan plans $250mln debut Panda bond in January to tap China’s yuan market
ISLAMABAD: Pakistan is set to issue its first-ever Panda bond next month, aiming to raise the equivalent of $250 million as part of a broader $1 billion program, as the cash-strapped South Asian nation seeks to diversify its funding sources and reduce reliance on dollar-denominated debt.
ATC frees ex-foreign minister Qureshi but jails four other PTI leaders over May 9 riots
LAHORE: An anti-terrorism court acquitted Shah Mahmood Qureshi, a former foreign minister and prominent leader of opposition Pakistan Tehreek-e-Insaf (PTI) party, on Friday in a case tied to violent riots in 2023, even as it sentenced four other senior party figures to 10 years in prison each, deepening the legal entanglements that have sidelined much of the party’s leadership.
Four soldiers martyred in North Waziristan suicide attack, Pakistan demarches Afghan diplomat
ISLAMABAD: Four soldiers were martyred on Friday when militants rammed an explosives-laden vehicle into the outer wall of a security forces camp in the restive North Waziristan district, collapsing part of the structure and injuring at least 15 civilians, including women and children, military said.