By Staff Reporter
ISLAMABAD: Pakistan’s central bank saw its foreign exchange reserves drop by $482 million to $3.54 billion in the week to June 16, latest data showed on Thursday, as the country faces pressure to revive a stalled IMF programme and repay its debts.
By Staff Reporter
ISLAMABAD: Pakistan’s Supreme Court on Thursday ordered the government to provide a record of all those arrested after violent protests erupted on May 9 following the arrest of former Prime Minister Imran Khan in corruption charges.
By Staff Reporter
KARACHI: AD Ports Group, a UAE government-owned maritime and logistics provider, said on Thursday it had signed a 50-year concession agreement with Pakistan’s Karachi Port Trust (KPT) to operate the Karachi Gateway Terminal Limited (KGTL).
By Staff Reporter
ISLAMABAD: A reporter was slapped by finance minister Ishaq Dar on Thursday after asking him about the stalled negotiations with the International Monetary Fund.
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday he hoped the International Monetary Fund would release funds under its bailout program soon, after meeting IMF Managing Director Kristalina Georgieva on the sidelines of a summit in Paris.
By Staff Reporter
KARACHI: Pakistan is set to lease four terminals of its Karachi Port to a state-owned company of the United Arab Emirates for 50 years in a deal that will bring $50 million upfront and about $24 million in annual fees.
By Staff Reporter
ISLAMABAD: A Lahore court on Wednesday canceled a decision by Punjab’s interim government to lease 45,000 acres of land in three districts to the army for 20 years, saying it exceeded the authority of both parties.
By Staff Reporter
ISLAMABAD: Pakistan’s Supreme Court formed a nine-member bench on Wednesday to hear four petitions challenging the trials of civilians in military courts over riots that damaged public and military property on May 9.
By News Desk
ISLAMABAD: Pakistan expects to receive over $20 billion in investments from Saudi Arabia, the United Arab Emirates and Qatar in various fields, Arab News reported on Wednesday.
By Staff Reporter
ISLAMABAD: President Arif Alvi on Wednesday appointed Justice Qazi Faez Isa, a senior Supreme Court judge, as the country’s next chief justice, effective from Sept. 17.
