By Staff Reporter
ISLAMABAD: Pakistan’s ability to secure foreign loans has decreased by 40 percent in the first nine months (July-March) period of the current fiscal year, as it only managed to secure a total of $7.7 billion compared to $12.7 billion in the same period last year, official figures showed on Wednesday.
By Staff Reporter
ISLAMABAD: The Supreme Court of Pakistan on Wednesday rejected a request from the defense ministry to hold provincial and national elections elections in Pakistan on the same date, but indicated it would be open to changing the election date for the province of Punjab if the political parties can come to an agreement.
By Staff Reporter
KARACHI: Pakistan saw its first current account surplus in two and a half years in March, as government restrictions on imports helped boost the country’s balance of payments, State Bank of Pakistan (SBP) data showed on Wednesday.
By Staff Reporter
ISLAMABAD: Pakistan has presented a revised external financing strategy to address the $5 to $6 billion deficit by the conclusion of June 2023 and has urged the International Monetary Fund (IMF) to promptly reach a staff-level consensus on a long-delayed bailout program, The News reported on Wednesday
By Staff Reporter
ISLAMABAD: Pakistan’s Defense Ministry has urged the Supreme Court to reconsider its decision to hold elections in the Punjab Assembly on May 14, as stated in the court’s order on April 4.
By Staff Reporter
ISLAMABAD: Pakistan’s ruling coalition failed to reach a consensus on Tuesday on a proposal put forth by the Pakistan People’s Party (PPP) to hold talks with the opposition Pakistan Tehreek-e-Insaf (PTI) party, aimed at resolving the ongoing political impasse.
By Staff Reporter
ISLAMABAD: Lawyers body, demanding the recall of an interim order to suspend the proposed Supreme Court (Practice and Procedure) Bill, 2023, expressed serious concern over the top court’s role in the current political crisis and have planned to protest the suspension of the bill by observing a “Black Day” on Tuesday.
By Staff Reporter
ISLAMABAD: Pakistan’s Large-scale manufacturing (LSM) sector is facing an extended period of contraction, with a decline of 11.59 percent in February 2023 as compared to the same period last year, Pakistan Bureau of Statistics (PBS) data showed.
By Staff Reporter
ISLAMABAD: The National Assembly has declined a motion on Monday to allocate a supplementary sum of Rs21 billion for elections in the politically crucial Punjab province in defiance of a directive issued by the country’s highest court, adding fuel to the already tense relationship between the government and the judiciary.
By Staff Reporter
ISLAMABAD: A Chinese national, working at the Dasu Hydropower Project in Upper Kohistan, was arrested on blasphemy charges in northwestern Pakistan, after allegedly insulting Islam, authorities said on Monday.
