By Staff Reporter
ISLAMABAD: A Lahore court on Wednesday canceled a decision by Punjab’s interim government to lease 45,000 acres of land in three districts to the army for 20 years, saying it exceeded the authority of both parties.
Top Stories
SC to hear challenges to military trials of civilians
By Staff Reporter
ISLAMABAD: Pakistan’s Supreme Court formed a nine-member bench on Wednesday to hear four petitions challenging the trials of civilians in military courts over riots that damaged public and military property on May 9.
Pakistan expects over $20 bln in Gulf investments, army to play key role
By News Desk
ISLAMABAD: Pakistan expects to receive over $20 billion in investments from Saudi Arabia, the United Arab Emirates and Qatar in various fields, Arab News reported on Wednesday.
Justice Isa to head Supreme Court amid judicial rifts and controversies
By Staff Reporter
ISLAMABAD: President Arif Alvi on Wednesday appointed Justice Qazi Faez Isa, a senior Supreme Court judge, as the country’s next chief justice, effective from Sept. 17.
H.E. Mr. Donald Blome, Ambassador of the United States of America to Pakistan called on Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar,at Finance Division in Islamabad on June 21, 2023.
Pakistan scrambles to revive IMF loan program before expiry
By Staff Reporter
ISLAMABAD: Pakistan is making a final push to revive a stalled $6.7 billion International Monetary Fund (IMF) loan program before it expires at the end of June, with its prime minister seeking a meeting with the IMF chief and its finance minister meeting the U.S. envoy.
K-Electric tariff to rise by Rs1.52/unit from July
By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved a surcharge of Rs1.52 rupees per unit of electricity for consumers of K-Electric, the country’s largest power distributor, to align its tariff with other state-owned utilities.
Pakistan’s foreign borrowing falls 36pc in 11 months
By Staff Reporter
ISLAMABAD: Pakistan borrowed $8.613 billion from various sources, including $900 million from foreign commercial banks, in the first 11 months of the 2022-23 fiscal year, down 36 percent from the same period a year earlier, official data showed on Tuesday.
PM Sharif praises China for economic help amid IMF delay
By Staff Reporter
ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif on Tuesday thanked China for its financial support during the country’s economic challenges, as a $6.7 billion International Monetary Fund (IMF) bailout programme remains stalled.
Pakistan fails to buy spot LNG cargoes amid banking woes
By Staff Reporter
ISLAMABAD: Pakistan failed to secure any spot liquefied natural gas (LNG) cargoes for October-to-December delivery, traders said on Tuesday, as suppliers shunned the country’s tenders due to banking issues.
Engro vice chairman, son on missing sub near Titanic wreck
By Staff Reporter
KARACHI: Engro Corporation said on Tuesday its vice chairman and his son were among five people on a submarine that went missing more than a day earlier off the coast of southeastern Canada while exploring the Titanic wreck.