By Staff Reporter
KARACHI: Money sent home by Pakistanis living abroad rose 6.1 percent in the last fiscal year of 2021-22 to $31.2 billion, the central bank said on Monday, setting a new annual record and cushioning the weakening rupee.
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Khan’s PTI sweeps Punjab by-elections
By Staff Reporter
LAHORE: Ruling Pakistan Muslim League Nawaz on Sunday suffered a devastating defeat in by-polls as the ousted prime minister Imran Khan’s Tehreek-e-Insaf made a clean sweep on 20 seats elections for provincial Punjab assembly.
UPDATE-2: Largely peaceful polling concludes in crunch Punjab by-election
By Staff Reporter
LAHORE: Balloting concluded in 20 provincial Punjab assembly seats after a tense but largely peaceful day at polling, although a few isolated and seemingly spontaneous incidents of violence were reported from some constituencies.
Committee setup to weigh treason cases against President Alvi, ex-PM Khan
By Staff Reporter
ISLAMABAD: The cabinet on Friday setup a ministerial committee to weigh treason charges against senior members of the former PTI government under Article 6 for allegedly violating the Constitution during a non-confidence move in the parliament against Imran Khan last April.
IMF to release $1.7 billion to Pakistan within six weeks
By Staff Reporter
KARACHI: The International Monetary Fund (IMF) said two tranches under bailout facility, totalling $1.7 billion, are expected to release to Pakistan within six weeks on approval from its board.
Govt cuts rising fuel prices by a sliver
By Staff Reporter
ISLAMABAD: The government on Thursday cut fuel prices to give relief to inflation-hit consumers as global oil prices fall, the prime minister said.
IMF and Pakistan reach staff-level agreement on $1.77 billion loan
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement on the seventh and eight reviews of the Fund’s $ billion bailout programme that will allow for a disbursement of $1.177 billion, the IMF said on Wednesday.
Govt plans fuel price cut to win political reprieve
By Staff Reporter
KARACHI Pakistan’s fragile coalition government is all set to cut fuel prices, a move likely to ensure, for now, much needed political popularity at the cost of vital economic reforms.
5 dead in Karachi caught between heavy rains and high tide
By Staff Reporter
ISLAMABAD: At least five people died of rain related causes on Monday as Pakistan’s most populous city Karachi continued to struggle with some of the worst wet weather conditions – and as the Met warned the conditions might continue for at least 24 more hours.
Monsoon rains kill dozens more, leave thousands homeless in southern Pakistan
By Staff Reporter
KARACHI South and southwestern Pakistan that have been drenched in rain for days, braced for more heavy downpours on Saturday as the death toll from flooding across the country rose to over 120 while thousands were left marooned or homeless in low-lying areas, officials said.