By Staff Reporter
ISLAMABAD: Pakistan will likely secure an additional multibillion-dollar financial support package from long-time ally Saudi Arabia ‘within days’ to shore up its foreign currency reserves, the finance minister said on Wednesday.
Top Stories
ECC approves export of 250,000 tonnes of sugar
By Staff Reporter
ISLAMABAD: The government on Tuesday allowed another 150,000 tonnes of sugar export, bringing the total to 250,000 tonnes so far this year, as it seeks to generate foreign exchange for its dried coffers.
Pakistan plans early closure of markets, malls in energy austerity drive
By Staff reporter
ISLAMABAD: The coalition government of Prime Minister Shehbaz Sharif on Tuesday decided to ban wedding functions after 10 pm and shut markets across the country at 8.30 pm as part of a raft of measures under the energy conservation plan to save costs amid an ongoing economic crisis.
Pakistan warns Afghanistan not to shelter TTP militants
By Naveed Naqvi
ISLAMABAD: Political and military leadership on Monday said no country will be allowed to shelter militants who stage attacks against Pakistan in an apparent reference to neighboring Afghanistan.
Stubbornly high fuel, food prices harden inflation in December
By Staff Reporter
ISLAMABAD: Consumer prices unexpectedly rose in December and underlying inflation accelerated amid rising costs for fuel and food, indicating that the central bank will keep borrowing cost elevated in its next monetary review.
IHC grants bail to Senator Swati in controversial tweets case
By Staff Reporter
ISLAMABAD: The Islamabad High Court (IHC) on Monday granted bail to Senator Azam Khan Swati, a close aide of ousted prime minister Imran Khan, who had been in custody over his controversial tweets against the military.
No respite for battered Pakistan economy
By Staff Reporter
ISLAMABAD: Pakistan’s economic alarm bells are still ringing loudly with fear of a global recession, spiraling local inflation, shrinking growth and alarmingly low foreign currency, reserves stoking investor concerns over a possible economic emergency, missed targets with the International Monetary Fund (IMF) and political unrest.
“No other option” except implementing IMF deal, PM Sharif
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif said his government has no option but to implement harsh measures under the ongoing International Monetary Fund (IMF) bailout programme.
SBP further eases import curbs
By Staff Reporter
KARACHI: The central bank said it will lift a seven-month long import ban on certain goods, including raw materials for export industry, from January 2, 2023.
Islamabad police says beefing up presence as terror threat level raised
By Staff Reporter
ISLAMABAD: Islamabad police said on Tuesday it was beefing up its security measures following terror threats in the federal capital, placing police on high alert, setting up 25 new check-posts, and promising tighter transport safety measures.