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Baloch long marchers give government a week to meet demands or face backlash

Baloch long marchers give government a week to meet demands or face backlash

Friday December 29, 2023Friday December 29, 2023

By Staff Reporter

ISLAMABAD — A group of Baloch activists who marched from Turbat to Islamabad to protest human rights abuses in their province gave the government a seven-day ultimatum on Thursday to address their grievances or face the wrath of the Baloch people.

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Pakistan bans New Year celebrations in solidarity with Palestine

Pakistan bans New Year celebrations in solidarity with Palestine

Friday December 29, 2023Friday December 29, 2023

By Staff Reporter

ISLAMABAD: Caretaker Prime Minister Anwarul Haq Kakar announced on Thursday a complete ban on New Year celebrations across the country in a show of support for the Palestinians suffering under Israel’s ongoing assault on Gaza.

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Forex reserves hit four-month high on official inflows

Forex reserves hit four-month high on official inflows

Friday December 29, 2023Friday December 29, 2023

By Staff Reporter

KARACHI: The foreign exchange reserves climbed to the highest level in four months, bolstered by official inflows from lenders and allies, easing pressure on the country’s balance of payments.

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‘Debt burden and inflation weigh on Pakistan’s economy’

‘Debt burden and inflation weigh on Pakistan’s economy’

Thursday December 28, 2023Thursday December 28, 2023

By Staff Reporter

ISLAMABAD: The finance ministry said on Wednesday that the country faced a persistent challenge of high debt payments, as the government’s current spending soared by 44 percent in the first four months of the fiscal year, driven by a surge in interest costs.

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Pakistan tests new missile system with 400-km range

Pakistan tests new missile system with 400-km range

Wednesday December 27, 2023Wednesday December 27, 2023

By Staff Reporter

ISLAMABAD: Pakistan on Wednesday announced that it had successfully tested a new missile system, Fatah-II, that can hit targets up to 400 kilometers away with high precision.

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PTI Qureshi roughed up by police, detained in new case after bail in cipher case

PTI Qureshi roughed up by police, detained in new case after bail in cipher case

Wednesday December 27, 2023Wednesday December 27, 2023

By Staff Reporter

ISLAMABAD: A former foreign minister and key ally of former prime minister Imran Khan was arrested again on Wednesday, shortly after he was freed on bail in a case involving alleged leaks of state secrets.

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Interim govt resists ECP’s orders to remove top cops in capital

Interim govt resists ECP’s orders to remove top cops in capital

Wednesday December 27, 2023Wednesday December 27, 2023

By Staff Reporter

ISLAMABAD: The interim government on Tuesday defied the Election Commission of Pakistan’s (ECP) orders to remove two top officials in the capital over charges of political meddling, citing security concerns ahead of the general elections in February.

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Government borrows more than double from banks despite IMF, bilateral loans

Government borrows more than double from banks despite IMF, bilateral loans

Wednesday December 27, 2023Wednesday December 27, 2023

By Staff Reporter

KARACHI: The government has borrowed more than twice as much from banks in the first half of the current fiscal year as it did in the same period last year, as it struggles to cope with soaring inflation and debt servicing costs, central bank data showed.

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Exports surge 33pc in December, boosting trade balance

Exports surge 33pc in December, boosting trade balance

Wednesday December 27, 2023Wednesday December 27, 2023

By Staff Reporter

ISLAMABAD: The trade sector posted a significant improvement in the first 20 days of December, with exports rising by 33.1 percent and imports falling by 12.8 percent year-on-year, the Ministry of Commerce said.

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Stocks suffer worst fall in history as investors flee amid political chaos and IMF fears

Stocks suffer worst fall in history as investors flee amid political chaos and IMF fears

Tuesday December 26, 2023Tuesday December 26, 2023

By Staff Reporter

KARACHI: Stocks plunged more than 4 percent on Tuesday, posting their biggest single-day drop in history, as investors dumped shares amid political uncertainty and reports of a possible IMF intervention in the country’s circular debt crisis.

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