By Staff Reporter
ISLAMABAD: Pakistan plans to sell the bulk and general cargo terminal at Karachi Port’s East Wharf to Abu Dhabi Ports, the second such deal in less than a year, as the cash-strapped nation seeks to raise funds and improve its infrastructure.
By Staff Reporter
ISLAMABAD: The International Monetary Fund has urged Pakistan to continue its monetary tightening cycle to rein in inflation and support the exchange rate, after approving a new $3 billion loan for the country last week.
By Staff Reporter
ISLAMABAD: A suspected suicide bomber struck near a security forces vehicle in Peshawar’s Hayatabad area on Tuesday, injuring at least six people, police and local media said.
By Staff Reporter
KARACHI: Pakistan’s current account posted a surplus for the fourth straight month in June, as the country’s import bill fell sharply amid dollar shortages, data from the central bank showed on Tuesday.
By Staff Reporter
ISLAMABAD: China has rolled over a $600 million loan to Pakistan, boosting the country’s foreign exchange reserves as it seeks to stabilise its economy under an International Monetary Fund (IMF) program.
By Staff Reporter
ISLAMABAD: Pakistan’s government on Monday defended its decision to try civilians accused of attacking sensitive military installations in military courts, saying it was an appropriate and proportionate response to the violent protests that erupted on May 9 following the arrest of opposition leader Imran Khan.
By Staff Reporter
ISLAMABAD: Former allies of Pakistan’s ousted prime minister Imran Khan launched a new political party on Monday, challenging his leadership and accusing him of pursuing an anti-state agenda that sparked violent protests in May.
By Staff Reporter
ISLAMABAD: Pakistan’s government said on Monday it had blocked 43 loan applications and launched a public awareness campaign to protect citizens from falling victim to fraudulent loan schemes, after a man’s death sparked an investigation into the online lending industry.
By Staff Reporter
ISLAMABAD: Pakistan Refinery Limited (PRL) and Air Link Communication, a smartphone distributor and manufacturer, said on Monday they would jointly acquire the majority stake of Shell Pakistan Limited (SPL), as the oil giant exits the country amid a financial crisis.
By Staff Reporter
ISLAMABAD: Pakistan’s military on Monday blamed sanctuaries and freedom of action for the banned Tehreek-i-Taliban Pakistan (TTP) in neighbouring Afghanistan as one of the main reasons for the country’s security challenges.
