By Staff Reporter
ISLAMABAD: Pakistan’s Senate passed a bill on Wednesday to establish a state-owned sovereign wealth fund that aims to stabilize the country’s economy through diversification and to generate wealth for future generations.
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Pakistan blames Afghan nationals for attack on army garrison
By Staff Reporter
ISLAMABAD: Pakistan said on Wednesday that three of the five militants killed in a brazen attack on an army garrison in the southwestern province of Balochistan last month were Afghan nationals, and called on Kabul to crack down on cross-border terrorism.
Pakistan warns of self-defense action against militants in Afghanistan
By Staff Reporter
ISLAMABAD: Pakistan’s foreign minister warned Tuesday that his country could act in “self-defence” against militants hiding in Afghanistan if Kabul failed to crack down on them, amid a surge of cross-border attacks.
Pakistan passes controversial bill to expand spy powers
By Staff Reporter
ISLAMABAD: Pakistan’s parliament on Tuesday passed a bill to amend the century-old Official Secrets Act, giving sweeping powers to intelligence agencies to raid and detain citizens suspected of espionage.
PM Sharif pushes for new census-based polls, sparks row with allies
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif said on Tuesday that the next general elections would be held on the basis of the latest census, sparking a row with opposition and coalition parties who fear a delay in the vote.
Inflation dips for second month in July
By Staff Reporter
ISLAMABAD: Pakistan’s inflation eased for a second month in July as food and fuel prices stabilized, giving some breathing space to the central bank that has been battling soaring price pressures and a weak currency.
Exports, imports fall double digits in July
By Staff Reporter
ISLAMABAD: Pakistan’s exports and imports both fell more than 12 percent in July, the first month of the new fiscal year, as the country faced a dollar crunch and a slowdown in imports of non essentials goods, official data showed on Tuesday.
Fuel prices soar by 8pc as Sharif’s coalition bows to IMF pressure
By Staff Reporter
ISLAMABAD: The government on Tuesday raised the prices of petrol and diesel by almost 20 rupees per liter or 8 percent, the biggest increase in more than a year, citing a surge in global oil prices and pressure from the International Monetary Fund (IMF) to increase revenues.
IS claims deadly attack on Pakistan rally as ‘war on democracy’
By Staff Reporter
ISLAMABAD: The Islamic State (IS) group claimed responsibility on Monday for a suicide bombing that killed 54 people at a political rally in northwest Pakistan, saying it was part of its war against democracy.
SBP holds rate at 22 percent, sees inflation easing
By Staff Reporter
KARACHI: Pakistan’s central bank kept its policy rate unchanged at 22 percent on Monday, saying it expected inflation to ease in the coming months after securing a $3 billion bailout from the International Monetary Fund (IMF).