By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has given its approval for the execution of a settlement agreement between the Roosevelt Hotel Union, the New York City Government (NYCG), and the Roosevelt Hotel Corporation (RHC). Under the agreement, the hotel will lease 1,025 rooms for a period of three years.
By Staff Reporter
KARACHI: The International Monetary Fund (IMF) continues its active involvement with Pakistan in the pursuit of securing funding and policy assurances, aiming to achieve a consensus on the ninth review of the $6.7 billion loan that was initially agreed upon in 2019, said a spokesperson of the Washington-based lender.
By Staff Reporter
ISLAMABAD: Prime Minister Shahbaz Sharif on Wednesday expressed deep concern over the destruction of public and private infrastructure in violent protests by supporters of former premier Imran Khan following his arrest in a corruption case, which compelled the coalition government to deploy troops in the capital Islamabad, the most populous province of Punjab, and volatile regions of the northwest.
By Staff Reporter
ISLAMABAD: A special court on Wednesday granted the anti-graft National Accountability Bureau (NAB) an 8-day physical custody of former Prime Minister Imran Khan in a land scam case worth millions of dollars.
By Staff Reporter
ISLAMABAD: The government has authorized the deployment of army troops in central Punjab province to restore law and order following violent protests sparked by the arrest of former Prime Minister Imran Khan, the Interior Ministry said on Wednesday.
By Staff Reporter
ISLAMABAD: The Finance Ministry said on Tuesday it has made arrangements to repay or roll over the country’s $3.7 billion debt for this fiscal year.
By Staff Reporter
ISLAMABAD: Authorities in three of Pakistan’s four provinces have imposed an emergency order banning all gatherings after supporters of former Prime Minister Imran Khan clashed with police, blocked major roads in a string of cities, and stormed military buildings in Lahore, Peshawar, and Rawalpindi.
By Staff Reporter
ISLAMABAD: Pakistan’s Minister of State for Petroleum, Musadik Malik, on Tuesday affirmed the government’s commitment to address concerns raised by the International Monetary Fund (IMF) over the proposed fuel pricing scheme aimed at helping the underprivileged.
By Staff Reporter
ISLAMABAD: Former Prime Minister Imran Khan has been arrested by paramilitary troops on Tuesday during a court appearance in Islamabad over corruption allegations, senior leaders from his Pakistan Tehreek-e-Insaf party said.
By Staff Reporter
KARACHI: Pakistan may face a risk of default if it fails to secure an International Monetary Fund (IMF) bailout loan, as the country’s financing options beyond June are uncertain, Moody’s Investor Service said on Tuesday.
