By Staff Reporter
ISLAMABAD: Consumer prices unexpectedly rose in December and underlying inflation accelerated amid rising costs for fuel and food, indicating that the central bank will keep borrowing cost elevated in its next monetary review.
Top Stories
IHC grants bail to Senator Swati in controversial tweets case
By Staff Reporter
ISLAMABAD: The Islamabad High Court (IHC) on Monday granted bail to Senator Azam Khan Swati, a close aide of ousted prime minister Imran Khan, who had been in custody over his controversial tweets against the military.
No respite for battered Pakistan economy
By Staff Reporter
ISLAMABAD: Pakistan’s economic alarm bells are still ringing loudly with fear of a global recession, spiraling local inflation, shrinking growth and alarmingly low foreign currency, reserves stoking investor concerns over a possible economic emergency, missed targets with the International Monetary Fund (IMF) and political unrest.
“No other option” except implementing IMF deal, PM Sharif
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif said his government has no option but to implement harsh measures under the ongoing International Monetary Fund (IMF) bailout programme.
SBP further eases import curbs
By Staff Reporter
KARACHI: The central bank said it will lift a seven-month long import ban on certain goods, including raw materials for export industry, from January 2, 2023.
Islamabad police says beefing up presence as terror threat level raised
By Staff Reporter
ISLAMABAD: Islamabad police said on Tuesday it was beefing up its security measures following terror threats in the federal capital, placing police on high alert, setting up 25 new check-posts, and promising tighter transport safety measures.
Balochistan sees deadly flare of violence with militant, insurgent groups
By Staff Reporter
ISLAMABAD: A series of deadly attacks killed at least six soldiers and wounded scores of civilians on Sunday in the latest violence in Pakistan’s southwest Balochistan province, officials and military said.
Lahore High Court conditionally reinstates Elahi as Punjab chief minister
By Naveed Naqvi
ISLAMABAD: Lahore High Court on Friday reinstated deposed chief minister and his cabinet ‘conditionally’ in Punjab on assurance that the provincial assembly would not be dissolved as planned by the ousted Prime Minister Imran Khan.
Taliban suicide attack kills policeman in Islamabad
By Naveed Naqvi
ISLAMABAD: A suicide bomber and his accomplice on Friday blew themtselves up, killing a policeman and injuring six people in the capital Islamabad when police gave pursuit at a security checkpoint, officials said.
S&P downgrades Pakistan’s rating to ‘CCC+/C’
By Staff Reporter
KARACHI: Global ratings agency S&P Global on Thursday cut Pakistan’s long-term sovereign credit rating by one notch to “CCC+” from “B” to reflect a continued weakening of the country’s external, fiscal and economic metrics.