By Staff Reporter
ISLAMABAD: Pakistan Peoples Party chairman Bilawal Bhutto-Zardari has formed a three-member body to facilitate dialogue between the government and the opposition, including ousted Prime Minister Imran Khan.
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Low tax revenue collection holds back Pakistan’s economic growth, says World Bank
By Staff Reporter
ISLAMABAD: The World Bank on Thursday said Pakistan’s recurrent budget shortfall is caused by its low fiscal revenue as the country’s total revenue collection averaged 12.8 percent of GDP over the past decade, significantly lower than the South Asian average of 19.6 percent.
IMF Georgieva: Pakistan not in default; seeks global help to fill financing gap
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) Chief, Kristalina Georgieva, said on Thursday that Pakistan has not yet reached the level of default and that the Fund is seeking confirmation from international partners to meet the country’s financing gap requirements.
CJ Bandial stays upcoming judicial reforms law
Parliament and broad sections of the legal fraternity and the civil society were already up in arms against CJP Umar Atta Bnadial entertaining the matter. Their collective outrage is now at fever pitch.
ECC green-lights interest-free loan scheme for E-bikes and E-rickshaws
By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved on Thursday a loan scheme designed to offer E-Bikes/E-Rickshaws at a zero percent markup, with a repayment period of three years.
SC forms bench to hear petitions challenging proposed legislation; lawyers express concerns
By Staff Reporter
ISLAMABAD: The Chief Justice of Pakistan will lead an eight-judge bench to hear three petitions on Thursday, challenging a pending legislation aimed at curbing the powers of the country’s top judge.
Pakistan nears tranche agreement as IMF director expresses confidence
By Staff Reporter
ISLAMABAD: Jihad Azour, the International Monetary Fund’s (IMF) Middle East and Central Asia Director, expressed confidence on Wednesday that Pakistan would soon sign a staff-level agreement with the international lender following board approval.
SC deems government’s noncompliance with election funds as disobedience
By Staff Reporter
ISLAMABAD: Pakistan’s Supreme Court on Wednesday said the government’s failure to comply with its orders to allocate funds for elections in Punjab and Khyber Pakhtunkhwa (KP) provinces amounts to disobedience.
TTP’s cross-border attacks: Minister Asif points fingers at Afghanistan
By Staff Reporter
ISLAMABAD: Pakistan’s Defence Minister Khawaja Asif has accused Tehreek-i-Taliban Pakistan (TTP) of using Afghanistan soil to launch attacks in the country, particularly in the Khyber Pakhtunkhwa province.
Pakistan slams India’s bid to host G20 moots in disputed Kashmir
By Staff Reporter
ISLAMABAD: Pakistan expressed on Tuesday its vehement disapproval of India’s proposal to host G20-related meetings in India-administrative Jammu and Kashmir, characterizing the move as a “self-serving” act on the part of New Delhi.