By Staff Reporter
ISLAMABAD: Gunmen stormed a government school in the northwest Kurram district on Thursday, killing seven teachers who belonged to the country’s minority Shiite community.
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Pakistan’s budget plans under IMF scrutiny for crucial bailout injection
News Desk
ISLAMABAD: The International Monetary Fund (IMF) is set to review Pakistan’s budget plans for the upcoming financial year, a process that could pave the way for a crucial injection of financing for the cash-strapped country, Reuters newswire reported on Thursday.
Oil sales plunge by half in April amid economic slowdown, smuggled Iranian products
By Staff Reporter
KARACHI: Pakistan’s oil sales experienced a sharp decline, with a 46 percent year-on-year drop to 1.171 million tons in April. The country’s total sales during the July-April period of FY23 also suffered a significant setback, decreasing by 24 percent to 13.970 million tons.
Pakistan’s subsidy policy now subject to IMF approval
By Staff Reporter
ISLAMABAD: Pakistan has agreed to seek approval from the International Monetary Fund (IMF) before providing any additional subsidies, local media reported on Thursday.
PTI turns to Supreme Court in bid to break election deadlock
By Staff Reporter
ISLAMABAD: Political deadlock over the scheduling of elections remains unresolved as the Pakistan Tehreek-e-Insaf (PTI) party, led by former Prime Minister Imran Khan, submitted a letter to the Supreme Court seeking the implementation of the court’s order on holding the Punjab elections on May 14.
Top court irked over no-show Khan
The court allowed the former prime minister until tomorrow to show up, failing which his interim bail in the sedition case would be cancelled. By Naveed Naqvi.
World Bank says Pakistan’s HCI lags behind South Asia, par with Sub-Saharan Africa
By Staff Reporter
ISLAMABAD: Pakistan’s Human Capital Index (HCI) value of 0.41 is below the South Asia average of 0.48 and the country’s human capital outcomes are more in line with Sub-Saharan Africa, where the average HCI value is 0.40, the World Bank said on Tuesday.
Pakistan’s trade deficit shrinks by almost 40pc in ten months
By Staff Reporter
ISLAMABAD: Pakistan’s trade deficit has shown a significant reduction of 39.62 percent, amounting to $23.713 billion, during the initial ten months of the current fiscal year.
Pakistan overtakes Sri Lanka to become Asia’s inflation leader
By Staff Reporter
ISLAMABAD: Pakistan has surpassed Sri Lanka to become Asia’s fastest inflationary economy, with rising food and energy costs and a weaker currency driving price gains to a record in April, government data showed on Tuesday.
Justice Isa calls for appointment of two senior judges to fill vacant SC seats
By Staff Reporter
ISLAMABAD: Justice Qazi Faez Isa, the senior puisne judge of the Supreme Court, has urgently called for a meeting of the Judicial Commission of Pakistan (JCP), which is long overdue, and has recommended the appointment of two judges to fill the vacant seats in the top court.