Monitoring Desk
ISLAMABAD: Pakistan’s new finance minister said he’s keen to tap Chinese investors by selling as much as $300 million in Panda bonds for the first time ever this year, Bloomberg reported on Friday.
Top Stories
Security forces thwart attack on Gwadar complex; seven assailants killed
By Staff Reporter
KARACHI: Seven armed assailants were neutralized by police and security forces at the country’s southwestern Gwadar Port Authority Complex on Wednesday, officials reported.
Twelve miners perish, eight rescued after Balochistan mine blast
By Staff Reporter
ISLAMABAD: An explosion in a coal mine in Balochistan’s Harnai district has resulted in the death of twelve miners, with eight others being rescued, officials said on Wednesday.
IMF nears $1.1bn fund release to Pakistan on bailout review success
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) said on Wednesday it had reached a staff-level agreement with Pakistan on the completion of the second and final review of a $3 billion bailout program, paving the way for a release of $1.1 billion in funds.
Pakistan retaliates with airstrikes in Afghanistan after deadly attack
By Staff Reporter
ISLAMABAD: Pakistan confirmed on Monday that it had conducted airstrikes against suspected militant hideouts in Afghanistan, following a deadly assault on a Pakistani military outpost.
SBP holds policy rate steady at 22pc, citing inflation risks
By Staff Reporter
KARACHI: Pakistan’s central bank maintained its benchmark interest rate at 22 percent on Monday, in a widely anticipated move that marks the sixth consecutive policy meeting without a change.
Military says seven soldiers killed in militant attack on army post in northwest Pakistan
By Staff Reporter
ISLAMABAD: Suspected Islamist militants attacked a Pakistani army post in the country’s restive northwest near Afghanistan early on Saturday, killing seven soldiers, including two officers, in a brazen assault that highlighted the security challenges facing the country.
IMF and Pakistan lock horns in final $3 billion standby review
By Staff Reporter
ISLAMABAD: The Finance Ministry commenced the final review of its $3 billion standby arrangement with the International Monetary Fund (IMF) on Thursday, signaling confidence in meeting the fund’s criteria and securing a subsequent tranche of $1.1 billion.
Peshawar High Court upholds ECP’s decision on reserved seats
By Staff Reporter
ISLAMABAD: The Peshawar High Court on Thursday upheld the Election Commission of Pakistan’s (ECP) decision to reject the Sunni Ittehad Council’s (SIC) claim to reserved seats for women and minorities in the Parliament.
IMF to conclude Pakistan’s SBA review amid new bailout talks
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) is set to conduct its final review of Pakistan’s $3 billion stand-by arrangement (SBA) starting today, with discussions anticipated on a new, longer-term bailout for the South Asian nation, the finance ministry and IMF said.