By Naveed Naqvi
ISLAMABAD: The Election Commission of Pakistan (ECP) on Tuesday ruled in favour of Chaudhry Shujaat Hussain and declared him the president of the Pakistan Muslim League-Quaid (PML-Q).
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Blast rips through Peshawar mosque, killing at least 44 people
By Naveed Naqvi
ISLAMABAD: A suspected suicide bombing at a mosque packed with worshippers during afternoon prayers in Peshawar on Monday killed at least 44 people and wounded another 175, mostly policemen, officials said.
Mosque blast in Peshawar kills at least 28 people, with scores injured
By Staff Reporter
ISLAMABAD: A blast at a mosque inside a police headquarters in Peshawar on Monday killed at least 28 people and wounded another 120, hospital officials said.
Government raises petrol, diesel prices by Rs35/liter
By Naveed Naqvi
ISLAMABAD: The government on Sunday raised prices of petrol and diesel by Rs35 per liter, just days after the rupee value plummeted to its lowest against the US dollar when price caps were removed.
Prime Minister Shehbaz Sharif addressing a seminar titled “10 Years of UN Plan of Action on the Safety of Journalists and the Issue of Impunity in Pakistan” in Islamabad on December 6, 2022. Photo courtesy of pmo.gov.pk
Prime Minister Sharif optimistic on revival of IMF bailout deal
By Staff Reporter
ISLAMABAD: The chances of Pakistan doing a deal with the International Monetary Fund have grown since a meeting in Islamabad due this week, Prime Minister Shehbaz Sharif said on Friday, adding that measures needed to pull the economy out of the unparalleled crisis are likely to bring even more pain.
IMF confirms long-awaited bailout meeting as Pakistan’s forex reserves fall to near 9-year low
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) said on Thursday its mission would visit Pakistan on January 31 to discuss the stalled ninth review of a bailout programme.
ENI declares force majeure on February LNG cargo for Pakistan
By Staff Reporter
ISLAMABAD: Eni said the delivery of a liquefied natural gas (LNG) cargo to Pakistan LNG Limited that was scheduled for February has been disrupted due to an event of force majeure.
Rupee plunges near 10 percent as authorities loosen controls to revive IMF bailout
By Staff Reporter
KARACHI: Rupee tumbled about 9.6 percent to a record low of 255.43 against the dollar on Thursday as the cash-strapped government abandoned controls on its currency exchange rate to revive an International Monetary Fund (IMF) bailout programme.
Court approves two-day physical remand of Fawad Chaudhry in sedition case
By Staff Reporter
ISLAMABAD: An Islamabad court granted police a two-day physical remand of Fawad Chaudhry, a senior leader of Pakistan Tehreek-e-Insaf (PTI) in a sedition case.
Rupee plunges in black market
By Staff Reporter
KARACHI: The gap between the open market rate of the rupee and the price on the black market widened further on Wednesday, though money exchange companies removed an unofficial cap on the dollar-rupee parity, allowing the currency to drop on market demand.