By Staff Reporter
ISLAMABAD: Pakistan’s powerful Supreme Court on Tuesday ordered provincial polls in Punjab and KPK to go ahead as planned, saying the election watchdog’s decision to postpone elections till October 8 was unconstitutional.
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ADB says Pakistan economic recovery rests on resuming robust reforms
By Staff Reporter
ISLAMABAD: Pakistan’s economic growth is expected to slow significantly in the current fiscal year, ending June 30, 2023, in the wake of last year’s devastating floods, ballooning inflation, a current account deficit, and an ongoing foreign exchange crisis, the Asian Development Bank (ADB) said on Tuesday.
Economic fallout of Pakistan’s political, judicial crises
By Staff Reporter
ISLAMABAD: Pakistan is facing an economic crisis amidst a deepening judicial crisis and increasing political uncertainty. The scheduled verdict for holding elections in Punjab and KP provinces today has all eyes on the top court of Pakistan, the issue of Pakistan’s ailing economy remains the least interesting topic among those who really matter in the country.
March exports tumble for sixth month as global demand cools
By Staff Reporter
ISLAMABAD: Exports fell in March year-on-year for the sixth month in a row, hit by a cooling global economy and a persistent slump in industrial activities in the country, data showed on Monday.
Supreme Court reserves judgment in election delay case
By Staff Reporter
ISLAMABAD: The Supreme Court of Pakistan on Monday said it will announce the verdict on Tuesday on the petition filed by former Prime Minister Imran Khan’s party challenging the country’s election regulator’s decision to postpone polls in the Punjab province until October 8.
Inflation soars in March to record high of 35.37pc
By Staff Reporter
ISLAMABAD: Inflation in Pakistan jumped in March to its highest in almost six decades, driven by skyrocketing food and fuel prices, statistics bureau data showed on Saturday, putting pressure on the central bank to hike rate aggressively at a meeting due next week and to keep tightening policy in the months ahead.
Supreme Court refuses to form full court in Punjab polls case
By Staff Reporter
ISLAMABAD: The Chief Justice of Pakistan on Friday refused to form a full court to hear a petition filed by former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party against the election postponement in Punjab province as ongoing tussle within the judiciary intensified on Friday after another judge left the bench.
Nepra approves Rs3.23/unit power price hike for July
By Staff Reporter
ISLAMABAD: The government is all set to impose a surcharge of Rs3.23 per unit on electricity consumers from the start of the new fiscal year on July 1, the regulator’s statement said on Friday.
Weak rupee, high energy prices to keep inflation elevated
By Staff Reporter
ISLAMABAD: Rupee devaluation and rising energy prices are likely to push up consumer prices in the near term that are already sky high, the finance ministry warned on Friday.
Eleven killed in stampede for food aid in Karachi
By Staff Reporter
KARACHI: At least 11 people, including women and children, were killed and several others injured in a deadly stampede during the distribution of food aid in Karachi on Friday, officials said.