By Staff Reporter
KARACHI: China’s top diplomat in Pakistan called on Tuesday for unity among political parties and rights groups in the restive Balochistan province, urging them to prioritize economic development and stability.
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PML-N tables bill to restrict independent lawmakers joining parties
By Staff Reporter
ISLAMABAD: The ruling Pakistan Muslim League-Nawaz (PML-N) party introduced a bill in parliament on Tuesday aimed at restricting independent lawmakers from joining political parties after a certain period.
Imran Khan offers olive branch to military
By Staff Reporter
RAWALPINDI: Imran Khan, the jailed founder of Pakistan Tehreek-e-Insaf (PTI), extended an olive branch to the military on Tuesday, saying his party is willing to hold talks with the army.
Ex-army officer gets 14-year jail term for sedition
By Staff Reporter
ISLAMABAD: A retired Pakistani army officer, Lieutenant Colonel Akbar Hussain, has been sentenced to 14 years in prison for inciting sedition among army personnel, the military’s media wing said on Tuesday.
July inflation forecast at 12-13 percent, August at 11-12 percent – finance ministry
By Staff Reporter
ISLAMABAD The finance ministry said on Tuesday that inflation is expected to range between 12.0 percent-13.0 percent in July 2024 and 11.0 percent-12.0 percent in August 2024, as the country’s economy moves towards stability.
S&P keeps Pakistan’s ‘CCC+’ rating unchanged, flagging debt risks
By Staff Reporter
KARACHI: S&P Global Ratings on Tuesday affirmed Pakistan’s long-term sovereign credit rating at ‘CCC+’ and short-term rating at ‘C’, with a stable outlook, citing the country’s reliance on sustained external support and hefty debt-servicing costs.
Soldier killed in clashes with protesters in Balochistan
By Staff Reporter
QUETTA: A soldier was killed in clashes with protesters in the southwestern province of Balochistan on Monday, the military said, as tensions escalated over a banned rally.
TLP leader arrested for inciting violence, offering bounty on top judge
By Staff Reporter
ISLAMABAD: Authorities have booked the vice-emir of the militant Tehreek-i-Labbaik Pakistan (TLP) party in a terrorism case for allegedly inciting violence against the country’s top judge, amid a government crackdown on elements spreading religious hatred.
SBP delivers second rate cut as price pressures abate
By Staff Reporter
KARACHI: The central bank cut its benchmark interest rate by 100 basis points to 19.5 percent on Monday, the second consecutive reduction, as slowing inflation gave policymakers room to support the fragile economic growth.
Fitch upgrades Pakistan’s rating to ‘CCC+’ on IMF deal
By Staff Reporter
ISLAMABAD: Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘CCC’, citing greater certainty over continued availability of external funding.