By Staff Reporter
KARACHI: Pakistan’s current account posted a surplus for the fourth straight month in June, as the country’s import bill fell sharply amid dollar shortages, data from the central bank showed on Tuesday.
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Pakistan gets $600 million loan rollover from China
By Staff Reporter
ISLAMABAD: China has rolled over a $600 million loan to Pakistan, boosting the country’s foreign exchange reserves as it seeks to stabilise its economy under an International Monetary Fund (IMF) program.
Pakistan defends military trial of civilians over May 9 violence
By Staff Reporter
ISLAMABAD: Pakistan’s government on Monday defended its decision to try civilians accused of attacking sensitive military installations in military courts, saying it was an appropriate and proportionate response to the violent protests that erupted on May 9 following the arrest of opposition leader Imran Khan.
Ex-allies of PTI’s Khan form new party, accuse him of anti-state agenda
By Staff Reporter
ISLAMABAD: Former allies of Pakistan’s ousted prime minister Imran Khan launched a new political party on Monday, challenging his leadership and accusing him of pursuing an anti-state agenda that sparked violent protests in May.
Pakistan cracks down on illegal loan apps after man’s death
By Staff Reporter
ISLAMABAD: Pakistan’s government said on Monday it had blocked 43 loan applications and launched a public awareness campaign to protect citizens from falling victim to fraudulent loan schemes, after a man’s death sparked an investigation into the online lending industry.
Pakistan Refinery, Air Link to buy Shell Pakistan’s stake
By Staff Reporter
ISLAMABAD: Pakistan Refinery Limited (PRL) and Air Link Communication, a smartphone distributor and manufacturer, said on Monday they would jointly acquire the majority stake of Shell Pakistan Limited (SPL), as the oil giant exits the country amid a financial crisis.
Pakistan military blames TTP sanctuaries in Afghanistan for security woes
By Staff Reporter
ISLAMABAD: Pakistan’s military on Monday blamed sanctuaries and freedom of action for the banned Tehreek-i-Taliban Pakistan (TTP) in neighbouring Afghanistan as one of the main reasons for the country’s security challenges.
PM Sharif to hand over power to interim setup before term ends
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif said on Sunday his government would hand over power to an interim setup before term expires next month, as he prepares for a general election that could see his party return to power.
Pakistan criticises Afghanistan for violating Doha agreement, hosting TTP militants
By Staff Reporter
ISLAMABAD: Pakistan’s defense minister on Saturday sharply criticized Afghanistan for “neglecting its duties as a neighboring and fraternal country” and for violating key provisions of the peace deal signed with the Taliban in Doha last year, especially its pledge to prevent the use of Afghan territory for terrorist activities.
Petrol price down by Rs9, diesel by Rs7
By Staff Reporter
ISLAMABAD: The government reduced the prices of gasoline and diesel for the next two weeks, citing the appreciation of the local currency and lower international oil prices.