By Staff Reporter
ISLAMABAD: A major power outage hit cities and towns on Monday, including the capital Islamabad and the commercial hub Karachi, due to a fault in transmission lines, officials said.
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Media mogul Naqvi sworn in as Punjab caretaker CM
By Naveed Naqvi
ISLAMABAD: The Election Commission of Pakistan (ECP) on Sunday appointed Syed Mohsin Raza Naqvi as the caretaker chief minister of Punjab province after a bi-partisan parliamentary committee failed to reach a consensus on the candidate within the stipulated time.
Nawaz Sharif (right), and Imran Khan (left). Photos courtesy of APP.
Enter Nawaz Sharif, Exit Imran Khan
Nawaz Sharif was hounded out of politics (and eventually the country) to install and keep Imran Khan in power. There is poetic justice in the idea that his return coincides with the end of Khan’s political journey. By Ahmer Kureishi.
Punjab lawmakers fail to agree on interim chief minister before new polls
Meanwhile, the Khyber Pakhtunkhwa government and the opposition have agreed to appoint former bureaucrat Mohammad Azam Khan as KP’s caretaker chief minister.
Speaker accepts resignations of 35 more PTI lawmakers
By Naveed Naqvi
Islamabad: Another 35 lawmakers of former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party lost their membership in Parliament on Friday after their resignations were accepted by the speaker of the National Assembly.
Pakistan could see first Russian oil supplies in March
By Naveed Naqvi
ISLAMABAD: Russia on Friday agreed to supply crude oil and oil products to Pakistan, with technical details of the deal to be finalized by March and Islamabad will pay for the imports in currencies of ‘friendly countries’, officials of both the countries said.
UAE rolls over $2bn deposit with Pakistan’s central bank
Central bank governor Jameel Ahmad said the country will see dollar inflows in the coming days after funding commitments from the Middle East.
Current account shrinks in first-half on weak imports
By Staff Reporter
KARACHI: Pakistan’s current account (C/A) deficit narrowed sharply in the first half of the current fiscal year amid dollar shortages in the country to fund imports of goods, central bank data showed on Wednesday.
Pakistan FDI plunges 59pc to $461m in July-Dec
By Staff Reporter
KARACHI: Foreign direct investment in Pakistan plunged 59 percent in the first six months of fiscal 2022/23 as the country’s economic crisis bit into capital inflows, according to data released by the central bank on Wednesday.
The first day of the eighth session of the Pakistan-Russia Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation began in Islamabad on Wednesday, January 18, 2023. Photo courtesy of APP.
Top Russia panel discusses cheap oil, gas for Pakistan
The Russian delegation is in Pakistan for a meeting of the high-powered Pakistan-Russia Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation. By Naveed Naqvi.