By Staff Reporter
ISLAMABAD The finance ministry said on Tuesday that inflation is expected to range between 12.0 percent-13.0 percent in July 2024 and 11.0 percent-12.0 percent in August 2024, as the country’s economy moves towards stability.
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S&P keeps Pakistan’s ‘CCC+’ rating unchanged, flagging debt risks
By Staff Reporter
KARACHI: S&P Global Ratings on Tuesday affirmed Pakistan’s long-term sovereign credit rating at ‘CCC+’ and short-term rating at ‘C’, with a stable outlook, citing the country’s reliance on sustained external support and hefty debt-servicing costs.
Soldier killed in clashes with protesters in Balochistan
By Staff Reporter
QUETTA: A soldier was killed in clashes with protesters in the southwestern province of Balochistan on Monday, the military said, as tensions escalated over a banned rally.
TLP leader arrested for inciting violence, offering bounty on top judge
By Staff Reporter
ISLAMABAD: Authorities have booked the vice-emir of the militant Tehreek-i-Labbaik Pakistan (TLP) party in a terrorism case for allegedly inciting violence against the country’s top judge, amid a government crackdown on elements spreading religious hatred.
SBP delivers second rate cut as price pressures abate
By Staff Reporter
KARACHI: The central bank cut its benchmark interest rate by 100 basis points to 19.5 percent on Monday, the second consecutive reduction, as slowing inflation gave policymakers room to support the fragile economic growth.
Fitch upgrades Pakistan’s rating to ‘CCC+’ on IMF deal
By Staff Reporter
ISLAMABAD: Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘CCC’, citing greater certainty over continued availability of external funding.
Three killed in Balochistan as protesters clash with security forces
By Staff Reporter
QUETTA: At least three people were killed and several injured in clashes between security forces and protesters in Pakistan’s Balochistan province on Sunday, as a massive gathering defied roadblocks and a communications blackout to demand rights and protection of resources, local media reported.
Imran Khan’s party to stage protests on anniversary of his arrest
By Staff Reporter
ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI), the party of former Prime Minister Imran Khan, announced on Sunday that it will stage nationwide protests on August 5 to demand Khan’s release from prison and relief for the masses affected by inflation.
Tribal feud in northwestern Pakistan claims 35 lives, 151 injured
By Staff Reporter
ISLAMABAD: A decades-long land dispute between two tribal groups in the northwestern part of Pakistan has escalated into an armed battle, claiming at least 35 lives and leaving 151 injured since Wednesday, officials said Sunday.
Pakistan, China in crucial talks to reprofile power sector debt
By Staff Reporter
ISLAMABAD: Pakistan has opened talks with China to reprofile its power sector debt, as the South Asian nation works to implement structural reforms to secure a $7 billion bailout from the International Monetary Fund (IMF), a minister said on Sunday.