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IMF Georgieva: Pakistan not in default; seeks global help to fill financing gap

IMF Georgieva: Pakistan not in default; seeks global help to fill financing gap

Friday April 14, 2023Friday April 14, 2023

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.

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CJ Bandial stays upcoming judicial reforms law

CJ Bandial stays upcoming judicial reforms law

Thursday April 13, 2023Thursday April 13, 2023

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.

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ECC green-lights interest-free loan scheme for E-bikes and E-rickshaws

ECC green-lights interest-free loan scheme for E-bikes and E-rickshaws

Thursday April 13, 2023Thursday April 13, 2023

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.

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SC forms bench to hear petitions challenging proposed legislation; lawyers express concerns

SC forms bench to hear petitions challenging proposed legislation; lawyers express concerns

Thursday April 13, 2023Thursday April 13, 2023

By Staff Reporter

ISLAMABAD: The Chief Justice of Pakistan will lead an eight-judge bench to hear three petitions on Thursday, challenging a pending legislation aimed at curbing the powers of the country’s top judge.

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Pakistan nears tranche agreement as IMF director expresses confidence

Pakistan nears tranche agreement as IMF director expresses confidence

Thursday April 13, 2023Thursday April 13, 2023

By Staff Reporter

ISLAMABAD: Jihad Azour, the International Monetary Fund’s (IMF) Middle East and Central Asia Director, expressed confidence on Wednesday that Pakistan would soon sign a staff-level agreement with the international lender following board approval.

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SC deems government’s noncompliance with election funds as disobedience

SC deems government’s noncompliance with election funds as disobedience

Wednesday April 12, 2023Wednesday April 12, 2023

By Staff Reporter

ISLAMABAD: Pakistan’s Supreme Court on Wednesday said the government’s failure to comply with its orders to allocate funds for elections in Punjab and Khyber Pakhtunkhwa (KP) provinces amounts to disobedience.

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TTP’s cross-border attacks: Minister Asif points fingers at Afghanistan

TTP’s cross-border attacks: Minister Asif points fingers at Afghanistan

Wednesday April 12, 2023Wednesday April 12, 2023

By Staff Reporter

ISLAMABAD: Pakistan’s Defence Minister Khawaja Asif has accused Tehreek-i-Taliban Pakistan (TTP) of using Afghanistan soil to launch attacks in the country, particularly in the Khyber Pakhtunkhwa province.

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Pakistan slams India’s bid to host G20 moots in disputed Kashmir

Pakistan slams India’s bid to host G20 moots in disputed Kashmir

Wednesday April 12, 2023Wednesday April 12, 2023

By Staff Reporter

ISLAMABAD: Pakistan expressed on Tuesday its vehement disapproval of India’s proposal to host G20-related meetings in India-administrative Jammu and Kashmir, characterizing the move as a “self-serving” act on the part of New Delhi.

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IMF cuts Pakistan’s FY23 GDP growth projection to 0.5 percent

IMF cuts Pakistan’s FY23 GDP growth projection to 0.5 percent

Tuesday April 11, 2023Tuesday April 11, 2023

By Staff Reporter

ISLAMABAD: Pakistan economic outlook has been downgraded by the International Monetary Fund (IMF), as it has revised the country’s GDP growth projection for the current financial year from 2 percent to a meager 0.5 percent.

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AJK High Court disqualifies Prime Minister Ilyas on contempt of court charges

AJK High Court disqualifies Prime Minister Ilyas on contempt of court charges

Tuesday April 11, 2023Tuesday April 11, 2023

By Staff Reporter

ISLAMABAD: A full bench of the Azad Jammu and Kashmir (AJK) High Court on Tuesday disqualified Prime Minister Sardar Tanveer Ilyas on the basis of contempt of court.

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