By Staff Reporter
KARACHI: A key ally in collation government announced a boycott of local polls in southern Sindh province, scheduled today, after election authorities had rejected its complaint on the delimitations in constituencies.
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EC rejects Sindh request to delay local body polls
By Staff Reporter
KARACHI: Election authorities on Saturday rejected the provincial Sindh government’s request to delay the local polls in Karachi and Hyderabad, saying the contest should be held as planned on Sunday.
Parliamentary panel irked over purchase of vehicles for a Summit that never took place
A subcommittee of the PAC wondered why the vehicles were acquired in contravention of a ban on such purchase in place at that time although the SAARC Summit, for which they were intended, never took place. By Staff Reporter.
Inflation, public debt, state collapse among top risks facing Pakistan
While today’s low-growth, high-inflation economy is a worldwide phenomenon, less affluent countries with high-levels of public debt are especially vulnerable to its many hazards, says the WEF’s Global Risks Report 2023. By Staff Reporter.
Prevez Elahi moves to dissolve Punjab assembly
By Staff Reporter
ISLAMABAD: Chief Minister Chaudhry Parvez Elahi on Thursday advised the provincial governor to dissolve the Punjab assembly just a day after he managed to secure a trust vote.
UAE extends $2bn loan, offers $1bn more to Pakistan
By Staff Reporter
ISLAMABAD: The United Arab Emirates on Thursday agreed to roll over a $2 billion existing loan to Pakistan and provide an additional $1 billion, a statement from Prime Minister’s Office said.
Pakistan plans wave of fiscal measures to help meet IMF bailout goal
By Staff Reporter
ISLAMABAD Finance minister Ishaq Dar said Pakistan will cut farm and export subsidies and tackle the problem of circular debt as the cash-strapped country looks to bring back fiscal rectitude to convince the International Monetary Fund (IMF) to release overdue bailout payments.
Parvez Elahi wins trust vote
By Staff Reporter
Lahore: Punjab Chief Minister Chaudhry Parvez Elahi survived a confidence vote in the early hours of Thursday, after weeks of political turbulence in the country’s most populous province, paving the way for possible dissolution of the assembly on the instructions of ousted prime minister Imran Khan.
Pakistan may dodge default in next 6 months: Bloomberg
By Naveed Naqvi
ISLAMABAD: Pakistan is likely to ‘dodge’ default in the coming six months, however, its economic woes won’t be over as the country would have to worry about a huge dollar debt repayment in April 2024, a Bloomberg economist said.
ECP issues arrest warrants for Imran Khan
A four-member bench of the apex electoral body found Khan’s failure to appear before it in person intentional, and said such conduct could not be tolerated. By Staff Reporter.