By Staff Reporter
KARACHI: Pakistan saw its first current account surplus in two and a half years in March, as government restrictions on imports helped boost the country’s balance of payments, State Bank of Pakistan (SBP) data showed on Wednesday.
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Pakistan presents revised financing plan to IMF to tackle $5-6bn external deficit
By Staff Reporter
ISLAMABAD: Pakistan has presented a revised external financing strategy to address the $5 to $6 billion deficit by the conclusion of June 2023 and has urged the International Monetary Fund (IMF) to promptly reach a staff-level consensus on a long-delayed bailout program, The News reported on Wednesday
Defense Ministry requests Supreme Court to review May 14 Punjab Assembly elections
By Staff Reporter
ISLAMABAD: Pakistan’s Defense Ministry has urged the Supreme Court to reconsider its decision to hold elections in the Punjab Assembly on May 14, as stated in the court’s order on April 4.
Lawyers to observe black day against suspension of Supreme Court bill
By Staff Reporter
ISLAMABAD: Lawyers body, demanding the recall of an interim order to suspend the proposed Supreme Court (Practice and Procedure) Bill, 2023, expressed serious concern over the top court’s role in the current political crisis and have planned to protest the suspension of the bill by observing a “Black Day” on Tuesday.
Industrial output faces prolonged contraction with double-digit dip in February
By Staff Reporter
ISLAMABAD: Pakistan’s Large-scale manufacturing (LSM) sector is facing an extended period of contraction, with a decline of 11.59 percent in February 2023 as compared to the same period last year, Pakistan Bureau of Statistics (PBS) data showed.
National Assembly again refuses to allocate funds for Punjab elections
By Staff Reporter
ISLAMABAD: The National Assembly has declined a motion on Monday to allocate a supplementary sum of Rs21 billion for elections in the politically crucial Punjab province in defiance of a directive issued by the country’s highest court, adding fuel to the already tense relationship between the government and the judiciary.
Chinese national arrested on blasphemy charges in northwestern Pakistan for allegedly insulting Islam
By Staff Reporter
ISLAMABAD: A Chinese national, working at the Dasu Hydropower Project in Upper Kohistan, was arrested on blasphemy charges in northwestern Pakistan, after allegedly insulting Islam, authorities said on Monday.
Mountaineer Sadpara makes history by climbing 10th highest peak without supplemental oxygen
By Staff Reporter
ISLAMABAD: Pakistani mountaineer Sajid Ali Sadpara has accomplished the impressive feat of scaling Mount Annapurna, the 10th highest peak in the world, without the use of supplementary oxygen, officials from mountaineering clubs said on Saturday
Pakistan lifts petrol price by Rs10 per litre
By Staff Reporter
ISLAMABAD: Pakistan has hiked the price of petrol by Rs10 per litre to Rs282 for the ensuing 15 days because of the plummeting value of the country’s currency, the finance minister said on Saturday.
Religious affairs minister dies in Islamabad road accident
By Staff Reporter
ISLAMABAD: Pakistan’s Minister of Religious Affairs, Mufti Abdul Shakoor, died in a road accident in the capital city of Islamabad on Saturday evening, police said.