By Staff Reporter
ISLAMABAD: The caretaker government raised natural gas prices by up to 67% for some consumers on Thursday, meeting a key demand of the International Monetary Fund (IMF) before a review of its $3 billion bailout program.
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Pakistan’s credit rating at risk amid political deadlock, Moody’s warns
By Staff Reporter
KARACHI: Pakistan’s credit rating outlook is clouded by the political uncertainty following the inconclusive elections that left no party with a clear majority, Moody’s Investors Service said on Wednesday.
Nawaz Sharif picks brother as PM candidate, daughter as Punjab chief
By Staff Reporter
ISLAMABAD: Nawaz Sharif, the leader of Pakistan’s largest political party and a former three-time prime minister, on Tuesday nominated his younger brother, Shehbaz Sharif, as his party’s candidate for the country’s top office, ending speculation that he would seek a fourth term himself.
FAFEN says election monitors barred from tabulation process in over half of Pakistan’s constituencies
By Staff Reporter
ISLAMABAD: A prominent Pakistani election monitoring network said Monday that its observers were not allowed to witness the vote tabulation process in more than half of the National Assembly constituencies, calling for an investigation into this violation of the election law.
US calls for fair probe into Pakistan’s disputed polls
By Staff Reporter
ISLAMABAD: The United States on Monday urged Pakistan to conduct an independent investigation into the allegations of irregularities and fraud in the February 8 general elections, saying that the legal system should play itself out first.
Two party chiefs resign, one exits politics after election rout
By Staff Reporter
ISLAMABAD: Two prominent leaders announced on Monday that they were resigning from their party posts and one from politics altogether, after their parties suffered humiliating defeats in the general elections held last week.
IMF rejects Pakistan’s energy tariffs, circular debt plan
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) on Monday rejected Pakistan’s proposed plans to reduce its circular debt and rationalise its energy tariffs, saying they did not address the root causes of the sector’s problems and would hurt the poor.
Pakistan faces economic meltdown as top economist blasts rigged vote
By Staff Reporter
KARACHI: Pakistan’s economy is on the verge of collapse, with inflation soaring, growth stagnating, debt mounting, and investment dwindling, according to a globally renowned economist who criticized the recent elections as fraudulent and manipulated by the military establishment.
Khan-backed independents win most seats in final vote count
By Staff Reporter
ISLAMABAD: Independent candidates loyal to the jailed former prime minister Imran Khan won the most seats in Pakistan’s parliamentary elections, according to official results announced on Sunday, two days after voting ended amid allegations of fraud and delays.
Parties vie for coalition partners after hung parliament
By Staff Reporter
ISLAMABAD: Pakistan’s major political parties scrambled on Sunday to form a new coalition government at the federal and provincial levels, three days after a closely contested general election that left no party with a clear majority and raised allegations of vote rigging and military interference.