By Staff Reporter
ISLAMABAD: The Finance Ministry sent a stark warning that the country risks a double-whammy of stagflation and an empty coffer as it pushed up its 2023 inflation projections to 26 percent.
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Fitch Solutions says rupee’s weakness ‘still has further to run’
By Staff Reporter
KARACHI: Fitch Solutions on Tuesday forecast that Pakistan’s currency would depreciate further, particularly with the country’s balance of payments position that is likely to remain weak for several more months.
Barrick Gold makes $3 million payment to Balochistan
By Staff Reporter
ISLAMABAD: Barrick Gold Corporation, developing the world’s largest site of copper and gold deposits in southwest Balochistan province said on Tuesday it had paid $3 million to the provincial government after agreeing to a timetable to disburse the committed funds to the province last month.
Islamabad court to indict former PM Khan in Toshakhana case on Feb 7
By Staff Reporter
ISLAMABAD: A local court on Tuesday said it will charge former prime minister Imran Khan in the Toshakhana case on February 7.
Death toll rises to 100 in Peshawar mosque suicide bombing
By Staff Reporter
ISLAMABAD: The death toll from the suicide bombing at the Peshawar mosque rose to 100 on Tuesday after rescue teams retrieved more bodies from the debris and called off the search for survivors of the terrorist attack in the highly guarded site where several hundred police and security men had gathered for afternoon prayers.
Election Commission announces Chaudhry Shujaat Hussain as PML-Q party president
By Naveed Naqvi
ISLAMABAD: The Election Commission of Pakistan (ECP) on Tuesday ruled in favour of Chaudhry Shujaat Hussain and declared him the president of the Pakistan Muslim League-Quaid (PML-Q).
Blast rips through Peshawar mosque, killing at least 44 people
By Naveed Naqvi
ISLAMABAD: A suspected suicide bombing at a mosque packed with worshippers during afternoon prayers in Peshawar on Monday killed at least 44 people and wounded another 175, mostly policemen, officials said.
Mosque blast in Peshawar kills at least 28 people, with scores injured
By Staff Reporter
ISLAMABAD: A blast at a mosque inside a police headquarters in Peshawar on Monday killed at least 28 people and wounded another 120, hospital officials said.
Government raises petrol, diesel prices by Rs35/liter
By Naveed Naqvi
ISLAMABAD: The government on Sunday raised prices of petrol and diesel by Rs35 per liter, just days after the rupee value plummeted to its lowest against the US dollar when price caps were removed.
Prime Minister Shehbaz Sharif addressing a seminar titled “10 Years of UN Plan of Action on the Safety of Journalists and the Issue of Impunity in Pakistan” in Islamabad on December 6, 2022. Photo courtesy of pmo.gov.pk
Prime Minister Sharif optimistic on revival of IMF bailout deal
By Staff Reporter
ISLAMABAD: The chances of Pakistan doing a deal with the International Monetary Fund have grown since a meeting in Islamabad due this week, Prime Minister Shehbaz Sharif said on Friday, adding that measures needed to pull the economy out of the unparalleled crisis are likely to bring even more pain.