IMF to arrive in Pakistan for bailout review, says finance ministry – Business
An International Monetary Fund (IMF) mission is arriving in Pakistan for a second and last review of a $3 billion standby arrangement this week, the finance ministry said on Wednesday. The four-day review begins on Thursday, said the ministry. Islamabad secured the last-gasped rescue package last summer to avert a sovereign default. “Pakistan has met […]
Only a party that wins in general election deserving of reserved seats, AGP Awan tells PHC – Pakistan
As the Peshawar High Court resumed hearing the Sunni Ittehad Council’s petition pertaining to the allocation of reserved seats, Attorney General for Pakistan Mansoor Usman Awan said a political party could get reserved seats only if it won a general one. The SIC — joined by PTI-backed independents who won the elections sans their electoral […]
Govt forms committee to reduce pension, wage bill
ISLAMABAD: In a bid to streamline expenditure and curb burgeoning costs, the Pakistan Muslim League-Nawaz (PML-N) government has announced the formation of a new committee, aimed at reducing the size of government and also rationalise the expenditure on pensions and development, in a move that covers hardly 16% of this year’s budget and may not […]
China says military delegation visited Maldives, Sri Lanka and Nepal – World
A Chinese military delegation recently visited the Maldives, Sri Lanka and Nepal to discuss further cooperation in defence issues, Beijing said on Wednesday. Beijing is seeking to build closer ties in South Asia in a push to counter its strategic rival India for influence. Last week, the Maldives said it had signed a “military assistance” […]
What are the challenges that await the new finance minister? – Pakistan
The banker-turned-finance minister faces the difficult task of managing the national kitty and steering the country out of its incessant economic crisis. Muhammad Aurangzeb, a former chief executive of Habib Bank Limited (HBL) with extensive experience in the financial sector, has taken the reins as Pakistan’s new finance minister. He inherits a daunting economic landscape, […]
IMF team arriving in Pakistan for bailout review: report – Business
An International Monetary Fund (IMF) mission is arriving in Pakistan on Wednesday for a second and last review of a $3 billion standby arrangement, two sources said. The four-day review begins on Thursday, said the two finance ministry officials, who were speaking on condition of anonymity because they were not authorised to disclose the information. […]
India’s Pant says doctors considered leg amputation after car crash – World
Star Indian wicketkeeper-batsman Rishabh Pant says that doctors raised the prospect of amputating his leg after the serious car crash that threatened to end his cricket career. The 26-year-old is set to play for the Delhi Capitals in the Indian Premier League starting this month after a 14-month absence following the accident. He is also […]
Napoli win one of best moments as Barca coach: Xavi
BARCELONA: Barcelona coach Xavi Hernandez said beating Napoli to reach the Champions League quarter-finals on Tuesday was one of his finest moments in his post. The Spanish champions won 3-1 at the Olympic Stadium to seal a 4-2 aggregate win against last year’s Serie A winners, returning to the last eight for the first time […]
On first Ramazan, gas crisis tests patience of fasting Karachiites – Pakistan
• Residents criticise SSGC over inability to ensure supply• Many forced to buy expensive LPG to meet their needs in the holy month• PPP warns Centre gas crises could push consumers to the end of their tether KARACHI: Fasting people of the city on Tuesday had a great deal of hardship when they woke up […]
Video of half-printed currency notes triggers outrage on social media – Pakistan
The screengrabs from the video show the misprinted reverse side of what would otherwise be legal tender. KARACHI: A video purportedly made by a bank staffer showing incomplete half-printed banknotes sparked concerns among social media users and the people, prompting the State Bank of Pakistan to announce an investigation on Tuesday. The video surfaced on […]