By Staff Reporter
KARACHI: Public finances deteriorated sharply in July, putting them on track for their worst year on record, the central bank’s latest data showed on Tuesday.
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PTI’s Khan says his remarks are for ‘improvement’ of military leadership
PTI’s Khan says his remarks are for ‘betterment’ of military leadership
By Staff Reporter
ISLAMABAD: Ousted prime minister Imran Khan on Tuesday defended his remarks on the military leadership as ‘constructive and for its own improvement’, saying “thieves cannot be allowed to appoint the next army chief under any circumstances”.
WHO warns humanitarian situation to worsen in flood-ravaged Pakistan
By Staff Reporter
KARACHI: The United Nations has warned that the humanitarian situation in Pakistan was expected to get worse, as international aid is surging to flood-ravaged country while authorities are desperately trying to stop the biggest lake from bursting its banks after all previous attempts to lower water levels failed.
IHC rejects PTI’s petition against phased acceptance of lawmakers’ resignations
By Staff Reporter
Islamabad: Islamabad High Court (IHC) on Tuesday rejected Pakistan Tehreek-e-Insaf’s (PTI) petition against phased approval of resignations submitted by its National Assembly members.
Finance Ministry cuts FY23 economic growth forecasts on flood damage
By Staff Reporter
ISLAMABAD: The government has sharply cut its economic forecast for the current fiscal year and signals its readiness to ease further if damage from the ongoing catastrophic floods proves more devastating.
Military ‘aghast’ at ex-PM Khan for remarks over new army chief appointment
By Naveed Naqvi
ISLAMABAD: The military on Monday expressed displeasure over the former prime minister Imran Khan’s statement on the appointment of a new army chief, saying the institution was ‘aghast’ at his remarks about the top army leadership.
IMF says Pakistan’s growth headed down as inflation surge to endure
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) said it will take over a year for inflation in Pakistan to fall to the central bank’s 5-7 percent target, adding that downside risks from high inflation were materializing and could push the country’s economy to ‘decelerate to 3.5 percent in FY23.’
August trade deficit shrinks 18.5pct m/m to $3.5bln
By Staff Reporter
ISLAMABAD: Trade deficit shrunk by 18.5 percent year-on-year to $3.5 billion in August, government data showed on Friday.
Weekly inflation soars as flood swamps food supply chains
By Staff Reporter
KARACHI: Weekly inflation jumped to a record 45.5 percent year-on-year as deadly floods have devastated a wide swath of farmlands, rupturing food supply lines across the country.
Finance Minister Ismail says Pakistan’s food security threatened by deadly flooding
By Staff Reporter
KARACHI: Finance minister Miftah Islmail said large swathes of crops have been destroyed or extensively damaged by deadly floods across Pakistan, leading to further challenges to food security in the impoverished nation of over 220 million.