By Staff Reporter
Finance Minister Ishaq Dar on Sunday said Pakistan will not seek debt restructuring from Paris Club creditor nations as he stepped up attempts to calm frayed investor nerves after a credit rating downgrade.
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‘Horse-trading’ to cipher strategy, more audio clips of ex-PM Khan surface
By Naveed Naqvi
ISLAMABAD: Two alleged audios of former prime minister Imran Khan surfaced on Friday, featuring him trying to buy the loyalties of lawmakers and also justifying his action ahead of a no-confidence vote in April.
Finance Minister Ishaq Dar is seen addressing a media conference in this undated photo courtesy of APP.
PKR 100 billion to subsidise power for export industries
Confident that the initiative will not break the budget, Finance Minister Ishaq Dar hopes it will enhance the industries’ competitive edge in export markets. By Muhammad Ali.
Moody’s rating downgrade ‘unilateral’, ‘not truly reflective’: Finance Ministry
By Staff Reporter
ISLAMABAD: The finance ministry has rejected Moody’s decision to downgrade Pakistan’s sovereign credit rating to Caa1 — very high credit risk status — as ‘unilateral’ and ‘not truly reflective of the country’s macroeconomic conditions”.
Image courtesy of APP
WB extends $2 billion for Pakistan flood rehab
Pakistan Development Outlook says implementation of IMF-sponsored reform has been made more challenging by this monsoon’s catastrophic floods. By Muhammad Ali.
Army chief reiterates he will retire in November
By Staff Reporter
ISLAMABAD: General Qamar Javed Bajwa reiterated that he will retire next month, ending speculation that the army chief will seek a third term.
SBP probes eight banks over possible forex manipulation
By Staff Reporter
ISLAMABAD: The State of Pakistan (SBP) on Tuesday said it has opened an investigation into alleged exchange rate manipulation by a goup of banks.
PM Sharif says rival Imran Khan is ‘biggest liar on earth’
By Naveed Naqvi
ISLAMABAD: Prime minister, Shehbaz Sharif, has accused the former premier Imran Khan of being the “the biggest liar on the face of the earth” and injecting poison into society to “dangerously polarise the electorate”, after he was toppled from power earlier this year.
UN hikes Pakistan’s flood aid appeal to $816 million
By Staff Reporter
ISLAMABAD: The United Nations has revised up its humanitarian appeal for Pakistan five-fold to $816 million from $160 million for floods relief as the country’s climate change minister said on Tuesday Islamabad is short of money to spend on immediate relief and recovery.
IHC drops contempt case against ex-PM Khan
By Staff Reporter
ISLAMABAD: Islamabad High Court on Monday accepted former Prime Minister Imran Khan’s written apology for comments he made against a female judge in August and dropped a contempt of court case against him, lawyers said.