Alerts
• SIU officials intervened in District Central police sting operation to arrest suspected kidnappers, sources say• City police chief orders inquiry KARACHI: Authorities on Wednesday ordered an inquiry into a public confrontation between personnel of two wings of Karachi police over the custody of fo...
THE liquidation of the KP Assembly is an event rooted in economic, more specifically fiscal, constraints. For the time being, it is unlikely that the trajectory will continue to the other provinces, but it is worth keeping an eye on the resource envelope available to the state as the primary fount o...
PAKISTAN has reached a staff-level agreement with the IMF after completing the fourth review under its programme. Implementation of the Extended Fund Facility is on track, with progress on macroeconomic stability. The challenge is to translate the gains into sustained growth. Political and administr...
KARACHI: The government kept treasury bill rates almost unchanged in an auction held on Wednesday, but the returns on all tenors of T-bills remained higher than the State Bank’s policy rate of 11.5 per cent. This was the last auction of T-bills before announcement of the next monetary policy on Oct ...
ISLAMABAD: Lawyers representing human rights activists and lawyers Imaan Mazari and Hadi Ali Chattha, along with Shireen Mazari, boycotted proceedings of an anti-terrorism court on Wednesday after the judge decided to record prosecution witnesses’ statements despite the defence’s request to defer th...
• Clears path for local bodies polls delayed for over two decades; election date to be announced after governor’s assent; municipal corporations set up in Gilgit, Skardu, and Chilas; 17pc quota reserved for women • House also approves bill to establish GB Information Technology Board GILGIT: The Gil...
THE IMF’s latest World Economic Outlook projects Pakistan’s economy to grow by 3.5pc in the current fiscal year, while average inflation climbs to 9.9pc. The current account is expected to slip into a deficit of 1pc of GDP. This forecast points to an economy that remains vulnerable despite recent ga...
• Islamabad reported 23 drone incursions in September alone• Afghan drones run on 55cc engines commercially available online; low-cost ‘suicide weapons’ can carry up to 1kg explosives, posing hard-to-detect threat to infrastructure• Experts warn UAVs can inflict ‘heavy psychological damage’ BUILDING...
LONDON: A container ship and a dry bulk carrier both sank near the Strait of Hormuz in the past 24 hours after being hit by projectiles in separate incidents, maritime officials said on Wednesday. Attacks around the waterway have surged over the past 10 days, with Iran saying it is stepping up strik...
MIKHMAS: Israeli settlers set fire to a mosque and graffitied its outside walls on Wednesday in the occupied West Bank village of Mikhmas, Palestinian sources and the Israeli military said. Atta Kanaan, a Palestinian resident of Mikhmas who lives 50 metres from the mosque, told AFP that he heard the...
ISLAMABAD: The World Bank on Wednesday rated its two loan programmes in Pakistan, worth around $670 million, as ‘moderately satisfactory’ with ‘substantial risk’. The programmes are intended to support macroeconomic stability, improve service delivery and increase the tax-to-GDP ratio to 15pc in fiv...
ISLAMABAD: The World Bank on Wednesday rated its two loan programmes in Pakistan, worth around $670 million, as ‘moderately satisfactory’ with ‘substantial risk’. The programmes are intended to support macroeconomic stability, improve service delivery and increase the tax-to-GDP ratio to 15pc in fiv...
