By Staff Reporter
ISLAMABAD: The Supreme Court of Pakistan on Tuesday debated a sensitive issue of intelligence agency interference in judicial affairs, with the country’s top judge calling for legislation to rein in spy agencies and two other senior judges advocating for judicial intervention to prevent future intrusions.
By Staff Reporter
ISLAMABAD: The economy is showing signs of recovery as the finance ministry on Tuesday forecast a drop in inflation to 17.5 percent in May, following a series of strict administrative measures aimed at stabilizing the prices.
By Staff Reporter
ISLAMABAD: The government has slashed petroleum product prices by up to 2.97 percent for the first half of May, capitalizing on a fall in global oil premium rates, officials said on Tuesday.
By Staff Reporter
ISLAMABAD: Pakistan will block mobile phone connections of over 500,000 individuals who failed to file their income tax returns for Tax Year 2023, the country’s tax authority said on Tuesday.
By Staff Reporter
KARACHI: The central bank said on Tuesday that it has received the final tranche of a $1.1 billion loan from the International Monetary Fund (IMF), concluding a critical $3 billion loan program that has helped Pakistan avert a sovereign default.
KARACHI: The State Bank of Pakistan left its interest rate at an all-time high of 22 percent for the seventh straight policy meeting on Monday, citing inflation risk amid geopolitical tension and macroeconomic stabilization measures.
By Staff Reporter
ISLAMABAD: Saudi Aramco, the world’s largest oil producer, has entered Pakistan’s fuels retail market with approval from the country’s monopoly watchdog on its acquisition of a 40 percent stake in Gas & Oil Pakistan Ltd.
By Staff Reporter
ISLAMABAD: Pakistan secured a $1.1 billion lifeline from the International Monetary Fund (IMF) on Monday, as the global lender approved the final tranche of a $3 billion bailout package designed to shore up the country’s dried-up finances and avert a sovereign default.
By Staff Reporter
ISLAMABAD: Iran and Pakistan have agreed to “expeditiously finalise” a free trade agreement (FTA) aimed at boosting economic cooperation between the two nations, despite a warning from the United States about the risks of doing business with Tehran.
By Staff Reporter
KARACHI: Pakistan’s current account surplus surged to its highest level since 2015, providing a rare bright spot for the struggling economy as it seeks a new bailout from the International Monetary Fund.
