By Staff Reporter
ISLAMABAD: Pakistani mountaineer Sajid Ali Sadpara has accomplished the impressive feat of scaling Mount Annapurna, the 10th highest peak in the world, without the use of supplementary oxygen, officials from mountaineering clubs said on Saturday
By Staff Reporter
ISLAMABAD: Pakistan has hiked the price of petrol by Rs10 per litre to Rs282 for the ensuing 15 days because of the plummeting value of the country’s currency, the finance minister said on Saturday.
By Staff Reporter
ISLAMABAD: Pakistan’s Minister of Religious Affairs, Mufti Abdul Shakoor, died in a road accident in the capital city of Islamabad on Saturday evening, police said.
By Staff Reporter
ISLAMABAD: Pakistan’s top military leadership conducted a thorough review of domestic and regional security challenges on Saturday, emphasizing the need for a united effort by the entire nation and government to eradicate terrorism from the country.
By Staff Reporter
ISLAMABAD: The ongoing conflict between the government and judiciary in Pakistan has intensified after the Supreme Court ordered the central bank to release funds for provincial snap elections, following the parliament’s denial of the necessary funding.
By Staff Reporter
KARACHI: Pakistan’s central bank governor on Friday expressed cautious optimism about the economy in crisis, saying the uncertainty surrounding external financing was improving with an expected resumption of the International Monetary Fund (IMF) program, while the runaway inflation is likely to remain at its peak for the next few months.
By Staff Reporter
ISLAMABAD: Finance Minister Ishaq Dar said on Friday the United Arab Emirates (UAE) has confirmed to the International Monetary Fund (IMF) its commitment to provide $1 billion in financial support to Pakistan – a prerequisite for moving forward with a long-delayed Fund’s bailout package intended to bolster the country’s ailing economy.
By Staff Reporter
ISLAMABAD: Pakistan Peoples Party chairman Bilawal Bhutto-Zardari has formed a three-member body to facilitate dialogue between the government and the opposition, including ousted Prime Minister Imran Khan.
By Staff Reporter
ISLAMABAD: The World Bank on Thursday said Pakistan’s recurrent budget shortfall is caused by its low fiscal revenue as the country’s total revenue collection averaged 12.8 percent of GDP over the past decade, significantly lower than the South Asian average of 19.6 percent.
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) Chief, Kristalina Georgieva, said on Thursday that Pakistan has not yet reached the level of default and that the Fund is seeking confirmation from international partners to meet the country’s financing gap requirements.
