By Staff Reporter
KARACHI: Business owners in Pakistan are becoming increasingly pessimistic about the prospects and conditions of their businesses, according to the latest Gallup Pakistan Survey released on Friday.
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Military arrests founder of banned Baloch group in intelligence operation
By Staff Reporter
ISLAMABAD: A “high-value target” with suspected links to hostile intelligence agencies operating against Pakistan has been captured, the media wing of the military, the Inter-Services Public Relations (ISPR) said on Friday.
Dar cancels IMF’s Washington meeting amid political unrest in Islamabad
By Staff Reporter
ISLAMABAD: Finance Minister Ishaq Dar has canceled his planned visit to Washington, where he was scheduled to meet with the International Monetary Fund (IMF) on an installed bailout programme, to keep his presence in politically tense Islamabad.
PM Sharif calls for NSC meeting amid election stalemate
By Staff Reporter
ISLAMABAD: As a stalemate continues with the opposition and the top court regarding the upcoming May elections, Prime Minister Shehbaz Sharif has called for a meeting of the National Security Committee (NSC) on Friday, ostensibly to seek the military’s support in postponing the polls due to security concerns.
World Bank says Pakistan’s GST system falls short by 50pc
By Staff Reporter
ISLAMABAD: The World Bank (WB) has identified a significant gap of around 50 percent in General Sales Tax (GST) on traders in real VAT mode in Pakistan, which could be closed by eliminating exemptions on the registration threshold of Rs 50 million.
Political turmoil escalates as Parliament rejects Supreme Court’s order on Punjab elections
By Staff Reporter
ISLAMABAD: The rift between Pakistan’s judiciary and government has deepened as the parliament rejected the Supreme Court’s decision on Punjab elections case and demanded a full court to decide the dispute.
Economist Atif Mian warns of Pakistan’s economic catastrophe, blames politicians, generals, and judiciary
By Staff Reporter
KARACHI: Pakistan’s economy is spiraling out of control, from crisis to catastrophe, and now the system is becoming unhinged, warns renowned economist Atif Mian.
Pakistan awaits $1bn from UAE, nears IMF deal with Saudi Arabia deposit confirmed
By Staff Reporter
ISLAMABAD: Pakistan is anticipating an additional $1 billion deposit from the United Arab Emirates (UAE) as it moves towards a staff-level agreement (SLA) with the International Monetary Fund (IMF), following confirmation of $2 billion in additional deposits from the Kingdom of Saudi Arabia, according to local media reports on Wednesday.
ECP announces May 14 as date for Punjab polls following Supreme Court ruling
By Staff Reporter
ISLAMABAD: Pakistan’s election watchdog has announced that the polls in the politically significant Punjab province will be held on May 14, as directed by the Supreme Court.
Public debt surges by 27.1pc YoY to Rs54.353 trillion
By Staff Reporter
KARACHI: Pakistan’s public debt has increased by 27.1 percent year-on-year to reach Rs54.353 trillion at the end of February 2023, according to data released by the central bank on Wednesday.