By Staff Reporter
KARACHI: Pakistan’s largest bank, Habib Bank Limited (HBL), faces secondary liabilities in a terror financing case in the US in which the plaintiffs had alleged that it aided and abetted Al Qaeda terrorism and joined a conspiracy to launch attacks that killed or injured 370 people.
By Staff Reporter
ISLAMABAD: The Asian Development Bank (ADB) has planned to lend up to $700 million in loans to Pakistan before year-end to help support flood-ravaged economy, a top official said on Thursday, taking the total funding to $2.2 billion post deluge.
By Staff Reporter
ISLAMABAD: Senator Ishaq Dar has taken oath as the country’s new finance minister a day after he was sworn in as a member of the upper house of the parliament.
Many believe the outgoing foreign minister’s brief stint in office was a tour de force, although others excoriate him over inflation and exchange rate. By Naveed Naqvi
By Staff Reporter
KARACHI: Prime Minister Shehbaz Sharif said on Friday “all hell will break loose” if the flood devastated Pakistan is not provided with debt relief by rich countries.
The stage seems set for the return of former Finance Minister Ishaq Dar after an Islamabad court lifted an arrest order against him. By Naveed Naqvi.
Monitoring Desk
NEW YORK: Pakistan should seek to suspend international debt repayments and restructure loans after devastating floods triggered a humanitarian emergency and imperiled the country’s finances, the Financial Times reported on Friday, citing a UN memorandum.
By Staff Reporter
ISLAMABAD: The Islamabad High Court on Thursday deferred contempt proceedings against Imran Khan after the former prime minister tendered an apology before the court for his threatening remarks against a female judge.
Former Prime Minister Imran Khan seems to have boxed himself up in a situation where he must tender an unconditional apology over contempt of court or face indictment today. By Naveed Naqvi
Pakistan’s principled position is to give peace a chance, but if the militants are not amenable to a peaceful solution, a military solution becomes the default option. By Naveed Naqvi.
