By Staff Reporter
KARACHI: Pakistan received its second shipment of Russian crude oil on Tuesday, as part of a deal to import 100,000 tonnes of discounted oil from Moscow to ease its energy crisis.
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Pakistan summons US diplomat over joint statement with India
By Staff Reporter
ISLAMABAD: Pakistan summoned a senior U.S. diplomat on Monday to protest against a joint statement by the United States and India that urged Islamabad to take action against militants operating from its soil.
Army sacks three officers for failing to stop pro-Khan violence
By Staff Reporter
ISLAMABAD: Pakistan’s army fired three senior officers and disciplined 15 others for failing to prevent violent attacks on military assets by supporters of former Prime Minister Imran Khan last month.
UPDATE-Stocks soar to highest level in 14 months on IMF hopes
By Staff Reporter KARACHI: Pakistan’s benchmark stock index soared to its highest level in more than 14 months on Monday as investors bet that the
SBP bets on high interest rate to save IMF deal
By Staff Reporter KARACHI: The State Bank of Pakistan (SBP) unexpectedly raised its benchmark rate by 100 basis points to a record high of 22
SC bench on military trials dissolves for 2nd time over judge’s kinship issue
By Staff Reporter
ISLAMABAD: A larger bench of the Supreme Court, hearing petitions challenging the trials of civilians in military courts, dissolved for a second time on Monday after the government objected to the inclusion of one of the judges, who is related to a petitioner in the case
Pakistan stocks surge on hopes of IMF deal resumption
By Staff Reporter
KARACHI: Pakistan’s benchmark stock index soared to its highest level in more than a month as investors bet that the government’s budgetary measures would revive the stalled International Monetary Fund (IMF) program.
Pakistan cuts lawmakers’ ban period, ex-PM Sharif may benefit
By Staff Reporter
ISLAMABAD: Pakistan’s National Assembly on Sunday passed a bill that would limit the disqualification of lawmakers for a period of up to five years.
Pakistan clears budget hurdle for IMF loan
By Staff Reporter
ISLAMABAD: Pakistan’s lower house of parliament approved a revised budget for the next fiscal year on Sunday, with additional fiscal tightening to meet the International Monetary Fund’s (IMF) conditions for a $1.2 billion loan tranche.
Government raises advance income tax on vehicles above 2000cc
By Staff Reporter
ISLAMABAD: The government has raised the advance income tax on vehicles above 2000cc and imposed a fixed tax on imported and locally manufactured vehicles from 2001cc to above 3000cc under the amended Finance Bill 2023, according to a document issued by the Federal Board of Revenue (FBR).