By Staff Reporter
KARACHI: A key ally in collation government announced a boycott of local polls in southern Sindh province, scheduled today, after election authorities had rejected its complaint on the delimitations in constituencies.
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EC rejects Sindh request to delay local body polls
By Staff Reporter
KARACHI: Election authorities on Saturday rejected the provincial Sindh government’s request to delay the local polls in Karachi and Hyderabad, saying the contest should be held as planned on Sunday.
Prevez Elahi moves to dissolve Punjab assembly
By Staff Reporter
ISLAMABAD: Chief Minister Chaudhry Parvez Elahi on Thursday advised the provincial governor to dissolve the Punjab assembly just a day after he managed to secure a trust vote.
UAE extends $2bn loan, offers $1bn more to Pakistan
By Staff Reporter
ISLAMABAD: The United Arab Emirates on Thursday agreed to roll over a $2 billion existing loan to Pakistan and provide an additional $1 billion, a statement from Prime Minister’s Office said.
Pakistan plans wave of fiscal measures to help meet IMF bailout goal
By Staff Reporter
ISLAMABAD Finance minister Ishaq Dar said Pakistan will cut farm and export subsidies and tackle the problem of circular debt as the cash-strapped country looks to bring back fiscal rectitude to convince the International Monetary Fund (IMF) to release overdue bailout payments.
Parvez Elahi wins trust vote
By Staff Reporter
Lahore: Punjab Chief Minister Chaudhry Parvez Elahi survived a confidence vote in the early hours of Thursday, after weeks of political turbulence in the country’s most populous province, paving the way for possible dissolution of the assembly on the instructions of ousted prime minister Imran Khan.
Pakistan may dodge default in next 6 months: Bloomberg
By Naveed Naqvi
ISLAMABAD: Pakistan is likely to ‘dodge’ default in the coming six months, however, its economic woes won’t be over as the country would have to worry about a huge dollar debt repayment in April 2024, a Bloomberg economist said.
Saudi Arabia weighs boosting cash deposit in SBP reserves to $5 billion
By Staff Reporter
ISLAMABAD: Saudi Arabia’s Crown Prince Mohammed bin Salman has directed the Kingdom’s investment arm to consider increasing its deposits to Pakistan’s central bank to reach $5 billion.
Donors pledge over $8 billion for Pakistan’s flood recovery
By Staff Reporter
ISLAMABAD: Donors at an international conference in Geneva on Monday pledged to give more than $8 billion over the next three years to help Pakistan in flood recovery, the information minister said.
Dar to meet IMF officials on sidelines of Geneva conference
By Staff Reporter
ISLAMABAD: Pakistan’s Finance Minister Ishaq Dar will meet an International Monetary Fund (IMF) delegation on the sidelines of a conference in Geneva next week to unlock a stalled bailout programme.