By Staff Reporter
ISLAMABAD: Pakistan’s top military brass vowed on Wednesday to tighten the “noose of law” around the “planners and masterminds” of the May 9 violence that erupted after the arrest of former prime minister Imran Khan.
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World Bank forecasts for 2pc growth in Pakistan’s economy in FY24 fall short of govt’s target
By Staff Reporter
KARACHI: Pakistan’s economy is expected to grow by 2 percent in the next fiscal year, well below the government’s target of 3.5 percent, as the country struggles with the lasting effects of last year’s floods, high inflation and policy uncertainty, the World Bank said on Tuesday.
NEC approves 8 pm shop closure to save energy, traders oppose
By Staff Reporter
ISLAMABAD: The National Economic Council (NEC) on Tuesday approved an energy conservation plan that will require shops and commercial centers to close by 8pm starting from July 1.
ECC approves hike in prices of 49 medicines
By Naveed Naqvi
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Friday approved a hike in prices of 49 medicines, while also approving a grant of more than Rs21.95 billion for dealing with natural calamities and other projects.
Prime Minister Sharif hopeful of finalising IMF deal in June
By News Desk
ISLAMABAD: Prime Minister Shehbaz Sharif said he was hopeful of finalising a deal with the International Monetary Fund (IMF) in June, as the country grapples with a crippling economic crisis.
International airlines face $188 million in blocked funds in Pakistan
By Staff Reporter
ISLAMABAD: The International Air Transport Association (IATA) warned on Sunday that countries such as Pakistan have witnessed a rapid surge in the level of blocked funds, posing a significant threat to airline connectivity in affected markets.
Pakistan leases Roosevelt Hotel in New York City for $220 million
By Staff Reporter
ISLAMABAD: Pakistan International Airlines (PIA) has leased its Roosevelt Hotel in New York City to the New York City Administration for three years for $220 million, a minister said Sunday.
Khan claims military’s open attempt to crush PTI, expects army court trial, imprisonment
By News Desk
ISLAMABAD: Former Prime Minister Imran Khan again accused the country’s powerful military and its spy agency of ‘openly trying to destroy his political party’ and said he expected to be tried in a military court and jailed.
Pakistan targets 3.5 percent economic growth in FY24
By Staff Reporter
ISLAMABAD: Pakistan’s economic outlook for the next year appears promising, with a growth target of 3.5 percent set amidst expectations of political stability, improvements in the external account, and a steadfast macroeconomic environment.
Pakistan will not default, says finance minister amid IMF stalemate
By Staff Reporter
ISLAMABAD: Pakistan’s Finance Minister Ishaq Dar said on Saturday there was no technical reason for the delay in resuming a $6.5 billion International Monetary Fund (IMF) programme that has been stalled since November, and assured the country would not default on its debt obligations.