By Staff Reporter
ISLAMABAD: Pakistan’s Minister of Religious Affairs, Mufti Abdul Shakoor, died in a road accident in the capital city of Islamabad on Saturday evening, police said.
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Generals plea for collaborative approach to eradicate terrorism
By Staff Reporter
ISLAMABAD: Pakistan’s top military leadership conducted a thorough review of domestic and regional security challenges on Saturday, emphasizing the need for a united effort by the entire nation and government to eradicate terrorism from the country.
Supreme Court orders central bank to release funds for snap elections in Punjab
By Staff Reporter
ISLAMABAD: The ongoing conflict between the government and judiciary in Pakistan has intensified after the Supreme Court ordered the central bank to release funds for provincial snap elections, following the parliament’s denial of the necessary funding.
SBP governor expresses cautious optimism about economy amid IMF program resumption
By Staff Reporter
KARACHI: Pakistan’s central bank governor on Friday expressed cautious optimism about the economy in crisis, saying the uncertainty surrounding external financing was improving with an expected resumption of the International Monetary Fund (IMF) program, while the runaway inflation is likely to remain at its peak for the next few months.
UAE’s financial support brings Pakistan closer to securing IMF bailout package
By Staff Reporter
ISLAMABAD: Finance Minister Ishaq Dar said on Friday the United Arab Emirates (UAE) has confirmed to the International Monetary Fund (IMF) its commitment to provide $1 billion in financial support to Pakistan – a prerequisite for moving forward with a long-delayed Fund’s bailout package intended to bolster the country’s ailing economy.
Pakistan’s opposition and government set to hold talks to end political deadlock
By Staff Reporter
ISLAMABAD: Pakistan Peoples Party chairman Bilawal Bhutto-Zardari has formed a three-member body to facilitate dialogue between the government and the opposition, including ousted Prime Minister Imran Khan.
Low tax revenue collection holds back Pakistan’s economic growth, says World Bank
By Staff Reporter
ISLAMABAD: The World Bank on Thursday said Pakistan’s recurrent budget shortfall is caused by its low fiscal revenue as the country’s total revenue collection averaged 12.8 percent of GDP over the past decade, significantly lower than the South Asian average of 19.6 percent.
IMF Georgieva: Pakistan not in default; seeks global help to fill financing gap
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) Chief, Kristalina Georgieva, said on Thursday that Pakistan has not yet reached the level of default and that the Fund is seeking confirmation from international partners to meet the country’s financing gap requirements.
CJ Bandial stays upcoming judicial reforms law
Parliament and broad sections of the legal fraternity and the civil society were already up in arms against CJP Umar Atta Bnadial entertaining the matter. Their collective outrage is now at fever pitch.
ECC green-lights interest-free loan scheme for E-bikes and E-rickshaws
By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved on Thursday a loan scheme designed to offer E-Bikes/E-Rickshaws at a zero percent markup, with a repayment period of three years.