By Staff Reporter
ISLAMABAD: The European Union has proposed to extend Pakistan’s preferential trade status for another four years, the EU envoy to Pakistan said on Sunday, as the South Asian nation faces scrutiny over its human rights record.
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PM Sharif denounces online rumours of assassination plot against army chief
By Staff Reporter
ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif on Sunday slammed a social media campaign that claimed an attempt was made to kill the country’s army chief, General Asim Munir, and vowed to “crush all conspiracies” against the nation and its institutions.
Twitter blocks Pakistan’s official account in Gilgit-Baltistan, changes location to India
By Staff Reporter
ISLAMABAD: Twitter has blocked access to the official account of the government of Pakistan in the country’s scenic northern region of Gilgit-Baltistan and changed its location to parts of Indian-occupied Kashmir, Dawn newspaper reported on Sunday.
Pakistan approves new investment policy to lure foreign investors
By Staff Reporter
ISLAMABAD: Pakistan has approved a new investment policy for 2023 that aims to attract foreign and domestic investors by offering incentives, easing regulations, and creating special economic zones, the government said.
Pakistan’s middle-class hits back at government’s tax hike
A campaign, called “Save the Salaried Class”, has sent a letter to Finance Minister Ishaq Dar, urging him to reconsider the tax measures and provide relief to the salaried class by restoring deductible allowances and tax credits.
Former PM Khan to face trial for concealing income from foreign gifts
By Staff Reporter
ISLAMABAD: A court in Islamabad on Saturday ordered former Prime Minister Imran Khan to face trial for allegedly concealing income from gifts he received from foreign governments during his tenure, a lawyer for the complainant said.
Pakistan seeks Swiss help to develop early warning system for natural disasters
By Staff Reporter
ISLAMABAD: Pakistan is seeking assistance from Switzerland to develop an early warning system that could help the South Asian nation cope with natural disasters, as fresh monsoon rains claimed more than 50 lives in the past two weeks.
PTI’s Khan backs IMF’s $3 billion bailout for Pakistan
By Staff Reporter
ISLAMABAD: A team from the International Monetary Fund (IMF) met with Pakistan Tehreek-e-Insaf leader Imran Khan at his Lahore residence on Friday, seeking his backing for a $3 billion loan program that aims to stabilize the economy ahead of national elections.
Pakistan’s banks face rising defaults, lower profits amid economic slump
By Staff Reporter
ISLAMABAD: Pakistan’s central bank warned on Friday that the country’s banking sector faces a number of challenges as the economy slows down and borrowers struggle to repay their debts.
Pakistanis protest against Holy Quran burning in Sweden, call for boycott and envoy’s expulsion
By Staff Reporter
ISLAMABAD: Pakistanis staged nationwide protests on Friday against the burning of the Quran in Sweden, demanding the expulsion of the Swedish envoy and a boycott of Swedish goods, as the government declared a day of reverence for the Muslim holy book.