A major reshuffle of the police and administrative bureaucracy is underway, suggesting the authorities are gearing to deliver on their promise of a February 8 general election. By Muhammad Ali.
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COP28: Pakistan’s plan – and clarion call – to tackle climate change
Pakistan is geared to present its case for urgent and united climate action by the comity of nations to help arrest global warming and mitigate the unfolding climate disaster. By Muhammad Ali.
FBR seizes millions of illicit cigarettes, but lets tax evaders off the hook
News Desk
The tax authority seized 58.8 million cigarettes in the first quarter of the fiscal year 2023-24, as part of its crackdown on the illicit tobacco sector, but failed to prosecute or imprison any of the offenders who are evading taxes and causing losses to the national exchequer.
Imran Khan’s jail trial in cipher case ruled illegal by Islamabad High Court
By Staff Reporter
ISLAMABAD: The Islamabad High Court on Tuesday ruled that the jail trial of former Prime Minister Imran Khan, who is accused of possessing a classified diplomatic cable, was illegal and ordered his transfer to a regular court.
ADB lends Pakistan $250 million for power transmission project
By Staff Reporter
ISLAMABAD: The Asian Development Bank (ADB) on Friday approved $250 million in loans that will help deliver reliable electricity in Pakistan by expanding and improving the power transmission network in the country’s Punjab and Khyber Pakhtunkhwa provinces.
FM Akhtar says Pakistan can’t manage without IMF support
By Staff Reporter ISLAMABAD: Pakistan will need a new short-term loan from the International Monetary Fund (IMF) to cope with its fragile economy and may
IMF announces SLA with Pakistan after successful SBA review
The SLA paves the way for the disbursement to Pakistan next month of another USD 700 million to Pakistan under a 9-month SBA signed this July. By Muhammad Ali.
Image courtesy PSX
Government securities to trade on PSX soon
A panel of experts has been appointed to ensure operational readiness for exchange-tradable government debt securities. By Muhammad Ali.
Banks on the hook for windfall tax
Pakistan’s fat-cat bankers may finally be on the hook to fork out part of the bonanza of profits they have been pocketing since the onset of the Covid-19 global pandemic. By Muhammad Ali.
Pakistan, IMF near conclusion of SBA review as Fund chief heralds debt relief
A staff level agreement expected Wednesday evening may require Pakistan to hike power tariff and arrange USD 2 billion in external financing. By Muhammad Ali.