By Staff Reporter
ISLAMABAD: Former prime minister Imran Khan on Monday said his Pakistan Tehreek-e-Insaf (PTI) will
approach the court to establish the authenticity of the recently leaked audio recordings.
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SBP holds interest rate at 15pc to support flood-hit economy
By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) on Monday kept its benchmark interest rate on hold at 15 percent, opting to leave borrowing costs unchanged despite soaring inflation as it warned of a further economic slowdown dure to catastrophic floods.
Pakistan will not seek Paris Club debt restructuring: Dar
By Staff Reporter
Finance Minister Ishaq Dar on Sunday said Pakistan will not seek debt restructuring from Paris Club creditor nations as he stepped up attempts to calm frayed investor nerves after a credit rating downgrade.
World Bank pledges $2 billion for flood-ravaged Pakistan
By Staff Reporter
ISLAMABAD: The World Bank said it will provide about $2 billion in aid to Pakistan, ravaged by floods that have killed more than 1,700 people this year.
Delay in filling vacancies in SC raises eyebrows
By Staff Reporter
ISLAMABAD: After the retirement of five Supreme Court judges, there has been a noticeable delay in filling up their vacant positions, and this has resulted in eyebrows being raised the senior judges.
Pakistan to provide 4,500 scholarships to Afghan students
By Staff Reporter
ISLAMABAD: Pakistan’s federal government will provide educational scholarships to Afghan students.
‘Horse-trading’ to cipher strategy, more audio clips of ex-PM Khan surface
By Naveed Naqvi
ISLAMABAD: Two alleged audios of former prime minister Imran Khan surfaced on Friday, featuring him trying to buy the loyalties of lawmakers and also justifying his action ahead of a no-confidence vote in April.
PM Sharif accuses PTI Khan of high-level treason
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday accused his predecessor Imran Khan of committing high-level treason by peddling the foreign conspiracy narrative for his ouster in April that inflicted an irreparable damage to the country’s reputation.
Moody’s cuts Pakistan’s rating to Caa1, affirms negative outlook
By Staff Reporter
KARACHI: Global ratings agency Moody’s cut Pakistan’s sovereign credit rating on Thursday by one notch to Caa1 from B3, citing increased government liquidity, external vulnerability risks and higher debt sustainability risks, following the devastating floods in the country.
Moody’s rating downgrade ‘unilateral’, ‘not truly reflective’: Finance Ministry
By Staff Reporter
ISLAMABAD: The finance ministry has rejected Moody’s decision to downgrade Pakistan’s sovereign credit rating to Caa1 — very high credit risk status — as ‘unilateral’ and ‘not truly reflective of the country’s macroeconomic conditions”.