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.
By Staff Reporter
ISLAMABAD: The party of former prime minister Imran Khan urged the International Monetary Fund (IMF) to withhold any financial assistance to the country until an independent audit into alleged election fraud is completed.
By Staff Reporter
KARACHI: The Bank of America Corp (BofA) upgraded its outlook for Pakistan’s dollar bonds, citing reduced political uncertainty and potential credit rating upgrades.
By Staff Reporter
ISLAMABAD: Pakistan’s newly elected lawmakers will take their oaths on Feb. 29, ending weeks of uncertainty and deadlock after a fractured general election that left no party with a clear majority in the lower house of parliament.
By Staff Reporter
KARACHI: Moody’s Investors Service said on Tuesday that it had kept Pakistan’s ratings unchanged at Caa3 with a stable outlook, but warned of material default risks if the country failed to secure timely funding from the International Monetary Fund (IMF) and other partners.
By Staff Reporter
KARACHI: Maryam Nawaz Sharif, the daughter of three-time former prime minister Nawaz Sharif, was elected on Monday as the first woman chief minister of Punjab, Pakistan’s most populous and politically influential province.
By Staff Reporter
KARACHI: More than a week after a senior official admitted to rigging the national election, Pakistanis are still struggling to access X, a popular social media platform that has become a vital outlet for dissent and criticism of the government.
By Staff Reporter
ISLAMABAD: Pakistan’s Petroleum Division has notified an amended policy for its brownfield refineries, offering them fiscal incentives to upgrade their facilities and produce cleaner fuels, according to an official document.
