By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet approved revisions to two schemes on Thursday, aimed at incentivizing banks and exchange companies to increase remittance inflows and boost the country’s foreign exchange reserves.
By Staff Reporter
RAWALPINDI: Pakistan has recalled leg-spinner Abrar Ahmed for the second Test against Bangladesh starting on Friday, after their decision to play an all-pace attack backfired in the series opener.
By Staff Reporter
QUETTA: Prime Minister Shehbaz Sharif pledged to crush terrorism in Balochistan on Thursday, as he visited the restive province reeling from a surge in militant attacks that have killed at least 50 people, including security forces.
By Staff Reporter
KARACHI: A cyclone brewing over the Arabian Sea is expected to make landfall in southern Pakistan on Friday, threatening to unleash heavy rain and strong winds on the coastal province of Sindh, the Pakistan Meteorological Department (PMD) said.
By Staff Reporter
ISLAMABAD: Developing countries, including Pakistan, are “gambling for resurrection” by prioritizing debt servicing over development spending, threatening social stability and climate resilience, an ex-central banker warned.
By Staff Reporter
ISLAMABAD: Pakistan has invited Indian Prime Minister Narendra Modi to a Shanghai Cooperation Organisation (SCO) meeting, a rare move as the two nations have not exchanged high-level visits since tensions escalated over Kashmir in 2019.
By Staff Reporter
QUETTA: Authorities in Quetta have barred the local press club from hosting events by organisations or political parties without prior approval, sparking outrage among journalists and activists.
By Staff Reporter
ISLAMABAD: A fault in two submarine cables will continue to disrupt Pakistan’s internet services until early October, the country’s telecom regulator said on Wednesday.
By Staff Reporter
KARACHI: Moody’s Investors Service has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa3, as improved macroeconomic conditions and better government liquidity and external positions reduce the country’s default risk.
By Staff Reporter
ISLAMABAD: Traders staged a nationwide strike on Wednesday, shutting down markets and businesses in 42 cities, as they pushed back against the government’s new tax regime, which they say will hike levies and exacerbate economic hardship.
