By Staff Reporter
ISLAMABAD: An Islamabad court granted police a two-day physical remand of Fawad Chaudhry, a senior leader of Pakistan Tehreek-e-Insaf (PTI) in a sedition case.
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Rupee plunges in black market
By Staff Reporter
KARACHI: The gap between the open market rate of the rupee and the price on the black market widened further on Wednesday, though money exchange companies removed an unofficial cap on the dollar-rupee parity, allowing the currency to drop on market demand.
Judiciary must correct past mistakes, says Shahid Khaqan Abbasi
In an interview with VOA, the former prime minister also called on the military to work with the Parliament to outlaw extension in the term of the chief of Army Staff. By Staff Reporter.
ECP geared for mid-April polls in Punjab, KP
The clock is ticking and the Constitution requires polls to each of the two provincial assemblies dissolved at the behest of former Prime Minister Imran Khan within 90 days of its dissolution. By Staff Reporter.
PTI’s Fawad Chaudhry arrested
By Staff Reporter
ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry was arrested in the wee hours of Wednesday in Lahore, his brother and the party said.
Foreign currency dealers remove exchange rate floor
By Staff Reporter
KARACHI: Foreign currency dealers on Tuesday removed an unofficial floor on exchange rates to rebalance currency markets following months of turbulence, an official said, paving the way for rupee/dollar parity to match its actual street value.
Speaker accepts resignations of more lawmakers of PTI
By Staff Reporter
Islamabad: National Assembly Speaker Raja Pervaiz Ashraf has accepted the resignations of another 43 lawmakers of the Pakistan Tehreek-e-Insaf, virtually eliminating former prime minister Imran Khan’s party from the parliament, local media reported on Tuesday.
This picture taken on February 24, 2013 shows an aerial view of buildings and homes during a nationwide power blackout in Karachi. Pakistan was hit by a nationwide blackout for more than two hours after the breakdown of a major plant caused power stations to stop working across the country, officials said on February 25. AFP PHOTO/Asif HASSAN
PM Sharif orders inquiry into power outage
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif has ordered an inquiry into a major breakdown in the national grid caused a massive power outage nationwide as electricity is being restored in the country after a blackout of almost 16 hours.
SBP withdraws conditions for essential goods import
By Staff Reporter
KARACHI: The State Bank of Pakistan on Monday removed the requirement of obtaining approval before importing essential goods to facilitate traders.
SBP raises policy rate to 24-year high of 17pc
By Staff Reporter
The State Bank of Pakistan raised its benchmark interest rate by 100 basis points to 17 percent on Monday as inflation remains elevated, and the central bank says that there will be no letup in flight to tame inflation.