By Staff Reporter
ISLAMABAD: The government agreed on Thursday to continue subsidising wheat for the people of Gilgit-Baltistan, a northern region bordering China, after weeks of protests over a sharp increase in the price of the staple food.
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Exports rise, imports fall, trade deficit shrinks in January
By Staff Reporter
ISLAMABAD: Pakistan’s exports surged 27 percent in January from a year earlier, while imports dipped 5 percent, narrowing the trade gap by 30 percent, the commerce minister said on Thursday, citing data he released on social media ahead of official statistics.
Symbol-less PTI plans party polls days before Feb. 8 elections
By Staff Reporter
ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI), the former ruling party that lost its electoral symbol of a bat after a Supreme Court verdict, announced on Thursday that it would hold fresh intra-party elections on February 5, just days before a crucial general election.
Inflation dips marginally in January, but remains well above central bank’s range
By Staff Reporter
ISLAMABAD: Pakistan’s annual consumer price inflation eased slightly to 28.3 percent in January, the Pakistan Bureau of Statistics (PBS) said on Thursday, but remained well above the central bank’s target range of 23-25 percent for the fiscal year ending in June.
Interior minister says elections will go ahead despite deadly attacks
By Staff Reporter
ISLAMABAD: The interim interior minister, Gohar Ejaz, said on Thursday that the general elections scheduled for Feb. 8 would take place “no matter what happens,” amid a wave of attacks on political candidates and rallies in the restive provinces of Khyber Pakhtunkhwa and Balochistan.
Fuel prices surge by up to 5.2pc as govt cites global costs
By Staff Reporter
ISLAMABAD: The caretaker government announced a sharp increase in fuel prices on Wednesday, citing higher international costs and import premiums.
January inflation to ease slightly but stay above target: ministry
By Staff Reporter
ISLAMABAD: Pakistan’s headline inflation is expected to ease slightly in the next two months after hitting a near 30 percent in December, but will remain well above the central bank’s target range, the finance ministry said on Wednesday.
Military pledges to secure polls after spate of killings
By Staff Reporter
ISLAMABAD: Pakistan’s military leadership on Wednesday pledged to safeguard the upcoming parliamentary elections from violence and sabotage, as the country witnessed a spate of deadly attacks on political candidates and rallies in the past few days.
Pakistanis prefer jailed Khan to lead economy, Bloomberg survey shows
Monitoring Desk
KARACHI: Jailed ex-prime minister Imran Khan is the top pick for Pakistani finance professionals to oversee the cash-strapped economy’s recovery, according to a Bloomberg survey published this week.
Gunmen kill PTI-backed candidate in latest pre-election attack
By Staff Reporter
ISLAMABAD: A candidate for the national assembly was killed on Wednesday in a shooting in the country’s restive northwest, the police said, adding to the violence that has plagued the campaign for the February 8 elections.