By Staff Reporter
ISLAMABAD: Pakistan is in talks with the International Monetary Fund (IMF) for a new six-to-nine-month loan of about $2.5 billion, as it seeks to complete a bailout program that expires at the end of this month.
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IMF talks with Pakistan to ‘quickly reach agreement’ on stalled bailout
By Staff Reporter
ISLAMABAD: Pakistan is awaiting a decision on a stalled bailout programme from the International Monetary Fund (IMF), which said on Tuesday it was holding talks authorities with the aim of “quickly reaching an agreement”.
Pakistan gets second batch of Russian crude oil
By Staff Reporter
KARACHI: Pakistan received its second shipment of Russian crude oil on Tuesday, as part of a deal to import 100,000 tonnes of discounted oil from Moscow to ease its energy crisis.
Pakistan summons US diplomat over joint statement with India
By Staff Reporter
ISLAMABAD: Pakistan summoned a senior U.S. diplomat on Monday to protest against a joint statement by the United States and India that urged Islamabad to take action against militants operating from its soil.
Army sacks three officers for failing to stop pro-Khan violence
By Staff Reporter
ISLAMABAD: Pakistan’s army fired three senior officers and disciplined 15 others for failing to prevent violent attacks on military assets by supporters of former Prime Minister Imran Khan last month.
UPDATE-Stocks soar to highest level in 14 months on IMF hopes
By Staff Reporter KARACHI: Pakistan’s benchmark stock index soared to its highest level in more than 14 months on Monday as investors bet that the
SBP bets on high interest rate to save IMF deal
By Staff Reporter KARACHI: The State Bank of Pakistan (SBP) unexpectedly raised its benchmark rate by 100 basis points to a record high of 22
SC bench on military trials dissolves for 2nd time over judge’s kinship issue
By Staff Reporter
ISLAMABAD: A larger bench of the Supreme Court, hearing petitions challenging the trials of civilians in military courts, dissolved for a second time on Monday after the government objected to the inclusion of one of the judges, who is related to a petitioner in the case
Pakistan stocks surge on hopes of IMF deal resumption
By Staff Reporter
KARACHI: Pakistan’s benchmark stock index soared to its highest level in more than a month as investors bet that the government’s budgetary measures would revive the stalled International Monetary Fund (IMF) program.
Pakistan cuts lawmakers’ ban period, ex-PM Sharif may benefit
By Staff Reporter
ISLAMABAD: Pakistan’s National Assembly on Sunday passed a bill that would limit the disqualification of lawmakers for a period of up to five years.