Govt gets room to ‘manage’ exchange rate as IMF looks the other way – Business

KARACHI: The Internatio­nal Monetary Fund (IMF) has ignored the ‘managed exchange rate’ in Pakistan, providing space for policymakers to stabilise the economy, sources in the financial sector with close contacts in the Ministry of Finance said. For over two and a half months, the exchange rate has remained almost stable around Rs280, despite the poor […]

PTI and the art of the possible – Pakistan

BY the time you read these lines Pakistan will have a new president in the person of Asif Ali Zardari, cementing further the status quo resulting from the disputed Feb 8 election result. Unless it can muster huge support on the streets, the opposition too will settle down to carrying out protests in parliament and […]

At least 2 killed in blast near Peshawar’s Board Bazaar: official – Pakistan

At least two people were killed while one suffered injuries in a blast near the Board Bazaar in Khyber Pakhtunkhwa’s Peshawar early Sunday morning, officials said. Rescue 1122 Spokesperson Bilal Faizi confirmed the death toll and injuries to Dawn.com. He said the bodies and wounded were moved to the Khyber Teaching Hospital. “As per preliminary […]

Two suspected terrorists killed, one injured in Peshawar blast

PESHAWAR: At least two suspected terrorists were killed while transporting an explosives-laden motorcycle in the Board Bazaar area of Peshawar on Sunday. The explosion also injured one other. The senior superintendent of police (SSP), while speaking to the media, said the three suspects were riding a motorcycle which was carrying four to five kilogrammes of […]

Balochistan cabinet to be finalised in two weeks: CM – Pakistan

QUETTA: Balochistan Chief Minister Sarfraz Bugti has said a committee comprising representatives of PPP, PML-N and other parties was holding consultation for the formation of provincial cabinet, which will be finalised within the next two weeks. Talking to reporters after the presidential vote on Saturday, CM Bugti said, “Asif Ali Zardari won with a significant […]

Scotland’s Humza Yousaf hits back at ‘outrageous smear’ over Gaza funds – World

LONDON: Scotland’s First Minis­ter Humza Yousaf clarified his position on a Scottish government donation to Gaza, after The Telegraph ran a story on Saturday alleging that he gave the funds while his family was stuck in Gaza. In November last year, the Scot­tish government donated £250,000 to the UNRWA aid agency. The rep­o­­­rt alleges that […]

PTI-SIC names Omar Ayub as NA leader of opposition – Pakistan

ISLAMABAD: The PTI-Sunni Ittehad Council (SIC) alliance formally nominated Omar Ayub Khan for the leader of the opposition by submitting his documents to the office of National Assembly Speaker Sardar Ayaz Sadiq on Saturday. Around 90 MNAs belonging to Pakistan Tehreek-i-Insaf (PTI) had joined the SIC after contesting general elections as independent candidates in an […]

Zardari charms his way into presidency, again – Pakistan

ISLAMABAD: PPP leader Asif Ali Zardari casts his vote during the presidential election in the National Assembly, on Saturday.—Online • PPP leader gets 411, Achakzai 181 electoral votes• JUI-F, JI lawmakers boycott election• Ejaz Chaudhry not allowed to cast his vote• Achakzai calls poll ‘fair’; Gohar, Asad term it ‘illegal’• CJP Isa to administer oath […]

Ogra watches helplessly as LPG prices soar ahead of Ramazan – Business

ISLAMABAD: The Oil and Gas Regulatory Auth­o­rity (Ogra) appears helpless in the face of escalating prices of liquefied pet­ro­leum gas (LPG), whose market rate has surged by over Rs40 per kilogram above the official rate, with prices expected to climb further as Ramazan nears. For March, Ogra has set the consumer prices of LPG at […]

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