By Staff Reporter
ISLAMABAD: Pakistan’s $3 billion loan programme with the International Monetary Fund (IMF) will be reviewed by the lender’s Executive Board on July 12, local daily Business Recorder reported on Wednesday, quoting an IMF’s confirmation email to the media.
By Staff Reporter
KARACHI: Pakistan’s public debt surged 32 percent to Rs58.962 trillion in the year to May, central bank data showed on Wednesday, as the government borrowed heavily to finance its fiscal deficit and cope with a weakening currency
By Staff Reporter
KARACHI: Meta, the parent company of Facebook and Instagram, and Whatsapp, has teamed up with the State Bank of Pakistan (SBP) to train and support 500 women entrepreneurs and other high value small businesses in the country, the company said on Wednesday.
By Staff Reporter
ISLAMABAD: Pakistan paid Rs142 billion to more than 100 independent power producers to settle some overdue bills and ease the burden of the power sector’s circular debt, the energy ministry said on Wednesday.
By Staff Reporter
ISLAMABAD: A lawyer and retired army colonel filed a petition in Pakistan’s Supreme Court on Tuesday, seeking to annul the military trials, convictions, and sentences of 29 civilians during the tenure of former Prime Minister Imran Khan.
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif called for nationwide protests on Friday to denounce the burning of a copy of the Holy Quran by a man in Sweden and said he would summon a joint session of parliament to condemn the incident.
By Staff Reporter
ISLAMABAD: Pakistan is struggling to keep the lights on as a foreign-exchange crunch limits its ability to import fuel for power generation, a senior official said.
By Staff Reporter
ISLAMABAD: Power regulator NEPRA on Tuesday approved a quarterly tariff hike of Rs46.536 billion for the third quarter of the fiscal year 2022-23, to be recovered from most electricity consumers from July to September 2023.
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif and his Indian counterpart Narendra Modi traded jibes on cross-border militancy and rights of minorities on Tuesday as they met virtually at a regional summit.
By Staff Reporter
KARACHI: Pakistan’s central bank chief said on Tuesday he was confident of bringing inflation down to a medium-term target of 5-7 percent in the next two years, despite the current high rate of 29.4 percent.
