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.
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.
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.
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.
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.
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.
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.
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.
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.
By Staff Reporter
QUETTA: At least 39 people were killed in a series of coordinated attacks in southwestern Balochistan province, officials said Monday, in some of the worst violence to hit the region in recent years.
