By Staff Reporter
ISLAMABAD: A fault in two submarine cables will continue to disrupt Pakistan’s internet services until early October, the country’s telecom regulator said on Wednesday.
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Moody’s lifts Pakistan’s rating to Caa2, outlook positive
By Staff Reporter
KARACHI: Moody’s Investors Service has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa3, as improved macroeconomic conditions and better government liquidity and external positions reduce the country’s default risk.
Traders shut down markets across Pakistan in tax protest
By Staff Reporter
ISLAMABAD: Traders staged a nationwide strike on Wednesday, shutting down markets and businesses in 42 cities, as they pushed back against the government’s new tax regime, which they say will hike levies and exacerbate economic hardship.
Foreign aid receipts plummet 85 percent in July
By Staff Reporter
ISLAMABAD: Pakistan’s foreign assistance receipts slumped 85 percent to $436.4 million in July, a meager start to the fiscal year, as the country awaits approval of a $7 billion bailout package from the International Monetary Fund’s (IMF) executive board.
Cabinet trims bureaucracy, merges 82 institutions into 40
By Staff Reporter
ISLAMABAD: The federal cabinet approved a major overhaul of the country’s governance structure on Tuesday, merging 82 government institutions into 40 to improve efficiency, reduce bureaucracy and align with international standards.
Pakistan seeks $4 billion from Middle East banks to plug funding gap
By Monitoring Desk
ISLAMABAD: Pakistan is seeking up to $4 billion from Middle Eastern commercial banks by next fiscal year to bridge external financing gaps, central bank Governor Jameel Ahmad said.
Security forces kill 25 terrorists in Khyber district operation
By Staff Reporter
ISLAMABAD: Security forces have killed 25 militants and wounded 11 others in a week-long intelligence-based operation in Khyber district, targeting Tehreek-i-Taliban Pakistan (TTP) and its affiliates, the military said on Tuesday.
Islamabad pledges support for Balochistan in counter-terrorism push after deadly militant attacks
By Staff Reporter
ISLAMABAD: Interior Minister Mohsin Naqvi pledged federal backing for Balochistan’s counter-terrorism push on Tuesday, a day after horrific attacks across the province claimed at least 50 lives, including 14 security personnel, and highlighted the growing threat from separatist militants.
Amnesty urges Pakistan to lift veil on internet restrictions
By Staff Reporter
ISLAMABAD: Amnesty International has expressed alarm over ongoing internet disruptions in Pakistan, citing a lack of transparency surrounding their cause and the potential for human rights violations.
Man freed in Pakistan over false UK stabbing attack claims
By Staff Reporter
LAHORE: A Lahore court on Monday acquitted a man accused of spreading false information that allegedly sparked widespread rioting in the UK earlier this month, officials said.