Monitoring Desk
BEIJING: Chinese President Xi Jinping and Pakistani Prime Minister Shehbaz Sharif agreed in a meeting in Beijing to launch a high-speed rail project that could cost $9.85 billion, Bloomberg newswire reported on Wednesday.
Top Stories
October inflation jumps to 26.6pc as food and energy prices spiral
By Staff Reporter
ISLAMABAD: Inflation soared to 26.6 percent in October from a year earlier as food and energy prices spiraled, official figures revealed Tuesday, escalating the country’s cost-of-living crisis.
Power division gears up to deploy funds for Chinese IPPs to secure CPEC
By Staff Reporter
ISLAMABAD: The government has approved the setting up of the Pakistan Energy Revolving Fund (PERF) to repay outstanding dues worth Rs300 billion to Chinese Independent Power Producers (IPPs), a day ahead of Prime Minister Shehbaz Sharif’s scheduled visit to Beijing.
Rs1.8 trillion farm loan package unveiled
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif unveiled a loan package worth Rs1.8 trillion for farmers this year, saying it would help support the flood-hit agriculture sector of the country.
Govt keeps fuel prices unchanged
By Staff Reporter
ISLAMABAD: The government left domestic fuel prices unchanged on Monday at the second consecutive fortnightly review under an IMF-backed pricing mechanism that links energy prices to international markets.
Government approves import of 300,000 tons of Russian wheat
By Staff Reporter
ISLAMABAD: Pakistan is set to import 300,000 tons of wheat at $372 a ton from Russia in a government-to-government deal as it battles to secure supplies after devastating floods in summer damaged the country’s strategic food stockpiles.
Finance ministry paints bleak economic outlook
By Staff Reporter
ISLAMABAD: The outlook for Pakistan’s economy darkened due to recent flash floods with inflationary and external sector pressures continue to hamper growth and a range of economic indicators pointing towards an impending crisis, the finance ministry said.
Journalist crushed to death by vehicle at Imran Khan’s protest march
By Staff Reporter
ISLAMABAD: A female journalist was crushed to death on Sunday while covering the protest rally led by former prime minister Imran Khan, an incident that forced him to halt the march for the day.
Imran Khan rebuffs claims of backdoor talks with coalition government
By Staff Reporter
ISLAMABAD: Former prime minister Imran Khan rebutted reports on back channel dialogues with the coalition government, saying no talks will be held until authorities announced a date for fresh elections.
Rejected Imran Khan’s proposal on army chief’s appointment: PM Sharif
By Naveed Naqvi
ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday said he has rejected a proposal from Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on the appointment of a successor to army chief General Qamar Javed Bajwa.