By Staff Reporter
ISLAMABAD: Pakistan on Wednesday came closer to an IMF deal after it reversed the subsidy on petroleum products by another Rs30/litre for the second time in the last seven days, adding fuel to the inflationary fires.
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Trade deficit widens to record $43.33 billion
By Staff Reporter
ISLAMABAD: Trade deficit has widened to a record $43.33 billion in July-May on high oil import bill, which may further worsen the current account balance and devalue the rupee.
Moody’s downgrades Pakistan’s outlook to ‘negative’ from ‘stable’
By Staff Reporter
KARACHI: Rating agency Moody’s Investors Service downgraded Pakistan outlook to negative from stable on Thursday, citing higher fiscal risks due to a delay in the revival of International Monetary Fund’s bailout programme
Inflation soars in May
By Staff Reporter
ISLAMABAD: Consumer inflation jumped to over 2-year high of 13.76 percent in May fuelled by rising energy and food rates as high prices of imported fuels compounds the impact of the rupee’s plunge this year, , official data showed.
Awaits orders: ECP is election-ready, its chief says
By Staff Reporter
ISLAMABAD: Sikandar Sultan Raja, Chief Election Commissioner (CEC), on Wednesday trashed PTI’s allegations of bias saying they had no legs to stand on.
Violent March: SC hints at a contempt case against Imran Khan
Staff Reporter
ISLAMABAD: A senior judge has said a case can be opened against the PTI Chairman Imran Khan for mocking the Supreme Court of Pakistan by inciting violence during the long march on May 29, 2022 in a breach of his own given word.
Police Brutality: Rana Sanaullah faces criminal case
Staff Reporter
ISLAMABAD: A senior judge has said a case can be opened against the PTI Chairman Imran Khan for mocking the Supreme Court of Pakistan by inciting violence during the long march on May 29, 2022 in a breach of his own given word.
‘Gas utilities face bankruptcy as subsidies bite’
By Staff Reporter
ISLAMABAD: The government gas utilities are facing financial collapse under growing liquidity pressures conjured by subsidies and circular debt, while no ‘understanding’ was in place to source cheap Russian gas, petroleum minister said on Monday.
Economic risk: Saudi Arabia, Dubai won’t lend without IMF deal: FM
By Staff Reporter
KARACHI: Pakistan’s finance minister said countries that have typically been generous in lending to the crisis-hit nation are proceeding more cautiously now.
Missing Persons: IHC summons explanation from present, ex govt chiefs
By Staff Reporter
ISLAMABAD: Islamabad High Court (IHC) wants all the former chief executives from Pervez Musharraf to present Shehbaz Sharif to come clean on their alleged unspoken agreement to extrajudicial abductions of citizens, for which they can be tried for high treason.