By Staff Reporter
ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry was arrested in the wee hours of Wednesday in Lahore, his brother and the party said.
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Foreign currency dealers remove exchange rate floor
By Staff Reporter
KARACHI: Foreign currency dealers on Tuesday removed an unofficial floor on exchange rates to rebalance currency markets following months of turbulence, an official said, paving the way for rupee/dollar parity to match its actual street value.
Speaker accepts resignations of more lawmakers of PTI
By Staff Reporter
Islamabad: National Assembly Speaker Raja Pervaiz Ashraf has accepted the resignations of another 43 lawmakers of the Pakistan Tehreek-e-Insaf, virtually eliminating former prime minister Imran Khan’s party from the parliament, local media reported on Tuesday.
This picture taken on February 24, 2013 shows an aerial view of buildings and homes during a nationwide power blackout in Karachi. Pakistan was hit by a nationwide blackout for more than two hours after the breakdown of a major plant caused power stations to stop working across the country, officials said on February 25. AFP PHOTO/Asif HASSAN
PM Sharif orders inquiry into power outage
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif has ordered an inquiry into a major breakdown in the national grid caused a massive power outage nationwide as electricity is being restored in the country after a blackout of almost 16 hours.
SBP withdraws conditions for essential goods import
By Staff Reporter
KARACHI: The State Bank of Pakistan on Monday removed the requirement of obtaining approval before importing essential goods to facilitate traders.
SBP raises policy rate to 24-year high of 17pc
By Staff Reporter
The State Bank of Pakistan raised its benchmark interest rate by 100 basis points to 17 percent on Monday as inflation remains elevated, and the central bank says that there will be no letup in flight to tame inflation.
Pakistan suffers major power outage
By Staff Reporter
ISLAMABAD: A major power outage hit cities and towns on Monday, including the capital Islamabad and the commercial hub Karachi, due to a fault in transmission lines, officials said.
Media mogul Naqvi sworn in as Punjab caretaker CM
By Naveed Naqvi
ISLAMABAD: The Election Commission of Pakistan (ECP) on Sunday appointed Syed Mohsin Raza Naqvi as the caretaker chief minister of Punjab province after a bi-partisan parliamentary committee failed to reach a consensus on the candidate within the stipulated time.
Punjab lawmakers fail to agree on interim chief minister before new polls
Meanwhile, the Khyber Pakhtunkhwa government and the opposition have agreed to appoint former bureaucrat Mohammad Azam Khan as KP’s caretaker chief minister.
Speaker accepts resignations of 35 more PTI lawmakers
By Naveed Naqvi
Islamabad: Another 35 lawmakers of former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party lost their membership in Parliament on Friday after their resignations were accepted by the speaker of the National Assembly.