LAHORE: Pakistani authorities have opened a money-laundering investigation into Saad Rizvi, the leader of the hardline Islamist group Tehreek-i-Labbaik Pakistan (TLP), after law enforcement agencies raided his residence in Lahore and allegedly recovered huge sums of foreign currency, along with gold and silver ornaments, police said on Tuesday.
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Pakistan’s economy to grow 3.6% in FY25, IMF says; inflation, deficit to rise
KARACHI: The International Monetary Fund expects Pakistan’s economy to grow 3.6% for the current fiscal year, even as it projected higher inflation and a widening current account deficit, though the estimates exclude the still-unassessed damages from recent floods.
Pakistan reaches IMF staff-level deal on loans, unlocking $1.2 billion
KARACHI: Pakistan reached a staff-level agreement with the International Monetary Fund (IMF) on its bailout programs, paving the way for the release of $1.2 billion once approved by the lender’s board.
Pro-Taliban JUI-F offers to mediate with Kabul to ease Pakistan-Afghanistan tensions
ISLAMABAD: Maulana Fazlur Rehman, the influential chief of pro-Taliban Jamiat Ulema-i-Islam party, offered on Tuesday to mediate between Pakistan and Afghanistan in an effort to ease escalating tensions, just days after deadly border clashes that left dozens dead and heightened friction between the two neighboring countries.
Polio team guard shot dead in Swat district
SWAT: A constable assigned to protect a polio vaccination team was shot and killed by unidentified gunmen in the Swat district of Khyber Pakhtunkhwa Province on Tuesday, the police said, underscoring the persistent dangers facing Pakistan’s efforts to eradicate the disease amid rising cases and militant threats.
Pakistan expects IMF staff-level deal this week to unlock $1.24 billion tranche
ISLAMABAD: Pakistan is on track to sign a staff-level agreement with the International Monetary Fund this week, Finance Minister Muhammad Aurangzeb said, clearing a hurdle for the release of $1.24 billion in funding from the lender.
Peshawar High Court orders KP governor to swear in new chief minister Afridi by Wednesday
PESHAWAR: The Peshawar High Court on Tuesday directed the governor of Khyber Pakhtunkhwa Province to administer the oath of office to the newly elected chief minister, Sohail Afridi, by 4 pm on Wednesday, amid a deepening constitutional tangle over the resignation of his predecessor that has left the province in administrative limbo.
PM Sharif calls Trump ‘genuine man of peace’ after Gaza truce signing
ISLAMABAD: Prime Minister Shehbaz Sharif hailed US President Donald Trump as a “genuine man of peace” on Monday and nominated him for the Nobel Peace Prize after Trump and other leaders signed a declaration to underpin a Gaza ceasefire.
Justice questions litigants’ right to seek specific benches in high-stakes amendment case
ISLAMABAD: A justice on Pakistan’s Supreme Court questioned on Monday whether litigants have the right to demand a specific bench to hear their cases, as the court’s eight-judge constitutional panel weighed challenges to a recent amendment that has reshaped the judiciary’s structure and powers.
Pakistan, IFC discuss Reko Diq financing as FM Aurangzeb pushes for faster project execution
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday held talks with officials from the International Finance Corporation and the Islamic Development Bank aimed at boosting private sector investment and speeding up infrastructure projects, while inviting US firms to invest in key sectors during meetings in Washington.