By Staff Reporter
ISLAMABAD: The Islamabad High Court (IHC) on Tuesday suspended the non-bailable arrest warrant against former Prime Minister Imran Khan and asked to appear before a lower court hearing on March 13 in the Toshakhana case.
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Court rejects PTI Khan’s plea seeking suspension of non-bailable arrest warrant
By Staff Reporter
ISLAMABAD: A court on Monday rejected former Prime Minister Imran Khan’s petition to cancel non-bailable arrest warrant against him in the Toshakhana case a day after the ex-premier evaded arrest following a police raid on his residence in the eastern city of Lahore.
PTI Khan dodges arrest in Toshakhana case
By Staff Reporter
LAHORE: Islamabad police on Sunday reached Lahore residence of ousted prime minister Imran Khan to arrest him in charges of misusing his office to sell state gifts, but returned after assurance from his legal team that he will appear before the court on March 7.
Punjab polls on April 30
Punjab elections on April 30
By Staff Reporter
ISLAMABAD: President Arif Alvi on Friday announced April 30 as the date for holding elections for provincial Punjab assembly after the Election Commission of Pakistan (ECP) suggested possible poll dates between April 30 and May 7.
Pakistan seals another $1.3bn loan rollover from all-weather ally China
By Staff Reporter
ISLAMABAD: Pakistan will get another $1.3 billion from all-weather ally China to shore up its fast-depleting forex reserves, Finance Minister Ishaq Dar said on Friday, days after the country received $700 million from Beijing.
SBP raises policy rate by 300 bps to 25-year high of 20pc
By Staff Reporter
KARACHI The State Bank of Pakistan (SBP) on Thursday raised its benchmark interest rate by 300 basis points to 25-year high of 20 percent to tame runaway inflation and also to win back a stalled $1.2 billion loan tranche from the International Monetary Fund.
Rupee plunges over 8pc against the dollar to hit record low
By Staff Reporter
KARACHI: The rupee plunged over eight percent against the dollar on Thursday, posting a new all-time low of Rs290.18, after the central bank apparently allowed a freefall in the currency to adjust its real market value – a precondition to unlock a vital bailout from the International Monetary Fund (IMF).
Bloomberg reports markets brace for potential default by Pakistan as $7bn debt looms
By Monitoring Desk
Bondholders are bracing for a potential default by Pakistan as the beleaguered nation faces billions of dollars in debt repayments that it will struggle to make good on without a bailout from the IMF or rollovers from bilateral creditors.
Inflation hits 31.5 percent, highest in 50 years
By Staff Reporter
KARACHI: Inflation in February hit the highest in 50 years on runaway food, beverage and transportation prices, official data showed on Wednesday, highlighting the challenge for the central bank as the country reels under its worst financial crisis in over 75 years of history.
SCP orders elections in Punjab, Khyber Pakhtunkhwa within 90 days
By Naveed Naqvi
ISLAMABAD: The Supreme Court of Pakistan on Wednesday ruled that elections for the provincial assemblies in Punjab and Khyber Pakhtunkhwa must be held within 90 days as mandated by the Constitution.