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Media blackout ordered in cipher case against ex-PM Khan and Qureshi

Media blackout ordered in cipher case against ex-PM Khan and Qureshi

Friday December 15, 2023Friday December 15, 2023

By Staff Reporter

ISLAMABAD: A special court conducting the trial of former prime minister Imran Khan and ex-foreign minister Shah Mehmood Qureshi on charges of leaking classified information has ordered a media blackout of its proceedings, barring journalists from reporting any details of the case.

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Islamabad court sentences man to death for killing Canadian wife

Islamabad court sentences man to death for killing Canadian wife

Thursday December 14, 2023Thursday December 14, 2023

By Staff Reporter

ISLAMABAD: An Islamabad court sentenced a man to death on Thursday for killing his Canadian wife in a high-profile murder case that has drawn international attention to the plight of women in the country who face violence at the hands of their partners.

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Fitch affirms Pakistan at CCC, warns of funding risks and election uncertainty

Fitch affirms Pakistan at CCC, warns of funding risks and election uncertainty

Thursday December 14, 2023Thursday December 14, 2023

By Staff Reporter

KARACHI: Pakistan’s credit rating was affirmed at CCC by Fitch Ratings on Wednesday, a level that indicates a substantial risk of default, as the country grapples with high external funding pressures and policy challenges ahead of a general election in February.

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Norway’s Telenor exits Pakistan in $500 million deal with PTCL

Norway’s Telenor exits Pakistan in $500 million deal with PTCL

Thursday December 14, 2023Thursday December 14, 2023

By Staff Reporter

KARACHI: Norway’s Telenor Group said on Thursday it had agreed to sell its Pakistan telecoms business to Pakistan Telecommunications Company Ltd (PTCL) for 5.3 billion Norwegian crowns ($500 million) as part of its strategy to focus on core Asian markets.

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ADB says Pakistan’s debt burden, inflation limits recovery

ADB says Pakistan’s debt burden, inflation limits recovery

Thursday December 14, 2023Thursday December 14, 2023

By Staff Reporter

KARACHI: Pakistan’s public debt has risen to almost 80 percent of gross domestic product, limiting the country’s ability to recover from the inflation-induced slowdown, the Asian Development Bank said on Wednesday.

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Imran Khan and Shah Mahmood Qureshi face new indictment in cipher case

Imran Khan and Shah Mahmood Qureshi face new indictment in cipher case

Wednesday December 13, 2023Wednesday December 13, 2023

By Staff Reporter

ISLAMABAD: A special court on Wednesday indicted former prime minister Imran Khan and former foreign minister Shah Mahmood Qureshi for a second time on charges of violating the Official Secrets Act, a colonial-era law that carries the death penalty.

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Supreme Court allows military to try civilians for May protests

Supreme Court allows military to try civilians for May protests

Wednesday December 13, 2023Wednesday December 13, 2023

By Staff Reporter

ISLAMABAD: The Supreme Court of Pakistan on Wednesday reversed its own decision that had barred the trial of civilians by military courts, paving the way for the army to resume hearing cases of 103 people arrested for vandalizing military installations during nationwide protests in May.

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Pakistan seeks Afghan crackdown on militants after 25 troops killed in border attacks

Pakistan seeks Afghan crackdown on militants after 25 troops killed in border attacks

Wednesday December 13, 2023Wednesday December 13, 2023

By Staff Reporter

ISLAMABAD: Military said on Tuesday that 25 of its soldiers were killed and several others wounded in three separate terrorist attacks in the restive Khyber Pakhtunkhwa province, near the border with Afghanistan.

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Saudi Aramco enters Pak fuel retail market with 40pc stake in GO

Saudi Aramco enters Pak fuel retail market with 40pc stake in GO

Tuesday December 12, 2023Tuesday December 12, 2023

The Saudi energy giant’s entry into the Pakistani fuel retail market is a milestone for the company as well as the host country. By Muhammad Ali.

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Policy rate steady at 22pc as central bank sees inflation declining ahead

Policy rate steady at 22pc as central bank sees inflation declining ahead

Tuesday December 12, 2023Tuesday December 12, 2023

The MPC believes the current monetary policy stance is appropriate to achieve the inflation target of 5-7 percent by the end of FY25, although this assessment is contingent upon continued fiscal consolidation and timely realisation of planned external inflows. By Muhammad Ali.

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