PDM leaders renew coalition in a bid to form government – Pakistan

Political leaders belonging to the former alliance of the Pakistan Democratic Movement (PDM), as well as some new faces, announced their bid on Tuesday night to form the next government in a coalition setup. Last week, the PPP and PML-N began hectic efforts to hammer out some sort of power-sharing formula in the national and […]

Development spending 61% below target

ISLAMABAD: The interim government spent Rs191 billion on development projects during the first seven months of this fiscal year – a sum that is over Rs300 billion or 61% less than the target and underscores the implications of tough economic conditions. The Ministry of Planning reported on Tuesday that the development expenditures amounted to just […]

MWM welcomes, JI weighs alliance offer from PTI

ISLAMABAD: The Jamaat-e-Islami (JI) began its consultation on Tuesday on joining the Pakistan Tehreek-e-Insaf (PTI)-backed independents to form a coalition government in Khyber-Pakhtunkhwa (K-P), while the Muttahida Wahdatul Muslimeen (MWM) welcomed the alliance with the PTI. Earlier, in the day, the PTI announced making a government at the Centre and in Punjab with the support […]

India, UAE sign pact on trans-continental trade corridor – World

India and the United Arab Emirates on Tuesday signed an agreement on a trade corridor that aims to connect Europe with India through parts of the Middle East by sea and rail, an ambitious plan backed by the US and the European Union. His trip comes ahead of India’s national election which is expected to […]

PDM leaders renew coalition, decide to form unity govt

Renewing Pakistan Democratic Movement (PDM) coalition in a bid to form government, Pakistan Peoples Party (PPP) Co-chairman Asif Ali Zardari on Tuesday said that he and other political leaders have decided to form the government together, inviting Pakistan Tehreek-e-Insaf (PTI) to also become part of reconciliation process. “We have chosen to unite and form a […]

Indian police fire tear gas as protesting farmers march to capital – World

Indian security forces fired tear gas on Tuesday to stop thousands of farmers demanding minimum crop prices from marching on the capital New Delhi after talks with the government failed. Local broadcasters showed thick clouds of tear gas fired to disperse protesters near Ambala, about 200 kilometres north of the capital, with police also dropping […]

Shares at PSX reverse trend after two days of losses, gain 161 points – Business

Shares at the Pakistan Stock Exchange recovered their losses from the previous two sessions on Tuesday as the benchmark index gained 161 points. According to the PSX website, the KSE-100 index was down 1121.24 points, or 1.84 per cent, to stand at 59,944.07 points shortly after trading began. However, after noon, the shares reversed the […]

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