By Staff Reporter
ISLAMABAD: Shehbaz Sharif, the younger brother of the three times former prime minister Nawaz Sharif, was elected as Pakistan’s prime minister for a second time on Sunday, after a tumultuous general election last month that left no clear winner and sparked allegations of fraud and rigging.
By Staff Reporter
ISLAMABAD: Shehbaz Sharif, the younger brother of the three times former prime minister Nawaz Sharif, was elected as Pakistan’s prime minister for a second time on Sunday, after a tumultuous general election last month that left no clear winner and sparked allegations of fraud and rigging.
By Staff Reporter
ISLAMABAD: Pakistan’s consumer price inflation eased for a second consecutive month in February to its lowest level since June 2022, as food and energy prices moderated amid a slowing economy, official data showed on Friday.
By Staff Reporter
ISLAMABAD: Pakistan’s election commission announced on Friday that the country would hold a presidential election on March 9, months after the end of the term of the incumbent, Arif Alvi, who presided over a tumultuous period of political and economic instability
By Staff Reporter
ISLAMABAD: The lower house of parliament will choose a new prime minister on Sunday, the assembly’s secretariat said on Thursday, after a tumultuous first session that was marred by protests from supporters of the former prime minister Imran Khan, who is in jail on corruption charges.
By Staff Reporter
ISLAMABAD: The finance ministry said on Thursday that high interest rates and limited fiscal space were hampering the country’s economic recovery, as it projected inflation to ease slightly in the coming months.
The government has imposed a 200 percent increase in the Federal Excise Duty (FED) on tobacco products, ostensibly to raise revenue. But this policy has backfired, as it has severely damaged the legitimate tobacco industry while fueling the growth of the illicit trade.
By Staff Reporter
ISLAMABAD: China has agreed to roll over a $2 billion loan to Pakistan on existing terms, after initially seeking a higher interest rate, as the South Asian nation struggles to maintain its foreign exchange reserves amid mounting debt payments, local media reported on Thursday.
By Staff Reporter
ISLAMABAD: Pakistan’s President Dr. Arif Alvi on Thursday summoned a session of the newly elected parliament, ending weeks of uncertainty and criticism over his delay in convening the lawmakers.
By Staff Reporter
ISLAMABAD: Pakistan’s former prime minister Nawaz Sharif on Wednesday endorsed his brother Shehbaz Sharif as the best choice to lead the country amid multiple challenges, a day before the new parliament is due to be sworn in following a disputed election.
