By Staff Reporter
KARACHI: Pakistan may face a risk of default if it fails to secure an International Monetary Fund (IMF) bailout loan, as the country’s financing options beyond June are uncertain, Moody’s Investor Service said on Tuesday.
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Pakistan’s ninth review not on IMF board’s agenda for upcoming meetings
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) Executive Board has scheduled meetings until May 17, with the notable exclusion of Pakistan on the agenda as the country’s ninth review under the Extended Fund Facility (EFF) programme remains pending.
Army threatens legal action over Khan’s ‘baseless allegations’
The military says the “malicious allegations” fit the pattern of Khan targeting military and intel officials with “insinuations and sensational propaganda” to advance his political agenda. By Naveed Naqvi.
CJ Bandial says holding elections within 90 days is constitutional mandate
By Staff Reporter
ISLAMABAD: The Chief Justice of Pakistan, Umar Ata Bandial, said on Sunday the judges have a responsibility to uphold the Constitution and cannot turn a blind eye to the mandate of holding elections within 90 days of an assembly’s dissolution.
Punjab mulls USD 150 mil energy sector revamp
The World Bank funded program looks to save over 180 GWh of electricity annually through solarization, retrofitting, and replacement of inefficient appliances. By Muhammad Ali.
China cautions Pakistan on stability for progress in CPEC projects
By Staff Reporter
ISLAMABAD: Chinese Foreign Minister Qin Gang on Saturday made it clear that further progress in multibillion-dollar projects under the China-Pakistan Economic Corridor (CPEC) was contingent upon internal political and security stability in Pakistan.
PTI’s Khan takes to streets to rally support for timely elections in Punjab
By Staff Reporter
ISLAMABAD: Former Prime Minister Imran Khan on Saturday announced that he will hold a series of public gatherings in Punjab starting next week, in a bid to prepare the public to protest if elections are not held on time.
Handshake snub: India-Pakistan tension on display at SCO conference
By Staff Reporter
ISLAMABAD: The foreign ministers of India and Pakistan reiterated their entrenched diplomatic positions on issues such as Kashmir and terrorism, suggesting that no thaw in ties between the nuclear-armed neighboring is likely anytime soon.
Security, economy on agenda as Pakistan hosts trilateral talks with China and Afghanistan
By Staff Reporter
ISLAMABAD: Pakistan is hosting a trilateral dialogue in Islamabad on Saturday with China and Afghanistan, where the foreign ministers will participate in bilateral and trilateral discussions on a range of issues, including security and the economy.
Provincial surplus fails to offset Pakistan’s mounting fiscal deficit
By Staff Reporter
ISLAMABAD: Pakistan’s fiscal deficit continues to pose economic challenges, reaching 3.7 percent of GDP or Rs3.078 trillion in the first nine months of the current fiscal year (July-March 2023), despite a provincial surplus of Rs456 billion.