Page 13 - Pakistan

Pakistan set to bow to IMF's demands as forex reserves drop to $3.08 bn

IMF team which rejected the Sharif government's plan to manage the circular debt, has asked the cash starved Pakistan to end the unbudgeted power subsidies amounting to (Pakistani) Rs 675 billion

Pakistan needs to enhance exports for sustainable economic growth: Minister

He said that Pakistan would get out of the economic swamp if it could elevate exports out of the indigenous resources from $32 billion to $100 billion in the next five to eight years

'Beyond imagination': Pakistan PM on IMF fund bailout conditions

Pakistan Prime Minister Shehbaz Sharif said on Friday the International Monetary Fund (IMF) was giving his country a "tough time" over unlocking stalled funding from a $6.5 billion bailout

Pak PM acknowledges failure to avert Peshawar carnage; calls for unity

Amidst a wave of terror attacks in Pakistan, Prime Minister Shehbaz Sharif on Friday acknowledged the failure to avert the Peshawar carnage that killed over 100 people and called for "national unity" to tackle the menace. Addressing an apex committee meeting at the Governor House here on the mosque attack and the overall emerging terrorism situation in Pakistan, Sharif also expressed frustration at the criticism levelled against the federal government from opposition parties in the wake of a series of terror attacks. "There is a need for unity across the political spectrum. This act of terrorism managed to breach the security check post and reach the mosque. We should not feel hesitant in admitting the facts," Sharif said at the meeting which was boycotted by Imran Khan, former prime minister and chief of Pakistan Tehreek-e-Insaf party. Criticising Khan for refusing to attend the apex committee meeting, Sharif said you (Imran Khan) are not ready to join hands to improve the destiny

Pakistan inflation hits 48-year high as supplies jammed at ports

Foreign currency reserves have dwindled to a nine-year low of $3.68 billion

Pak inflation creates new record in Jan, hits highest level after 1975

While mired in a terrible economic crisis, Pakistans inflation created a new record in January and reached the highest level after 1975, mainly due to supply constraints

IMF projects slowdown in Pakistan's GDP from 3.5% to 2%, shows report

The International Monetary Fund projected a slowdown in the Gross Domestic Product (GDP) from 3.5 per cent to 2 per cent for the current fiscal, The News International reported

Pakistan's economic turmoil moves toward deal-or-default endgame: Analysis

A devaluation of 15% in the Pakistani rupee and a rise last week in fuel prices could help eliminate some key snags, particularly as tax measures are apparently imminent

To target worshippers is unconscionable: US condemns attack in Pakistan

The US has strongly condemned the deadly suicide bombing at a mosque in Pakistan's Peshawar city on Monday, saying "terrorism is indefensible," and to "target worshippers is unconscionable." The death toll from the suicide attack rose to 100 on Tuesday after rescue workers retrieved more bodies from the debris of the devastated mosque inside a major police facility in Peshawar, capital of the restive Khyber Pakhtunkhwa province. According to Pakistani security officials, the suicide bomber who was present in the front row during the Zuhr (afternoon) prayers on Monday blew himself up, causing the roof to collapse on the worshippers -- one of Pakistan's deadliest attacks in recent years. The United States strongly condemns the terrorist attack on a mosque in Peshawar, Pakistan with reports today that the death toll has now risen to 100 people, Andrienne Watson, spokesperson of the National Security Council, White House said on Tuesday. This is tragic and heartbreaking news, and we ..

Pakistan ends electricity subsidy, revokes tariff for people of PoK

The Pakistan government revoked the tariff through the one-sided agreement draft issued to the PoK (Pakistan-occupied Kashmir), as per the report in Siasat Edit

Nuclear power plant generation expansion hit snags in Pakistan: Report

After Pakistan's Finance Ministry refused to provide a sovereign guarantee, the fifth unit of the Chashma Nuclear Power Generating Station, C5, hit a snag, Dawn reported citing sources

Pakistan's defence minister calls for unity in fight against terrorism

Pakistan's defence minister on Tuesday urged all political forces of the country to unite against terrorists who are targeting not a sect or particular segment of society but the entire nation. The statement came a day after the death toll in the terrible suicide bombing in a Peshawar mosque rose to 100, while the attack is being compared with the school bombing of 2014 which had killed around 150 people, mostly students. Khawaja Asif was asked by journalists outside the parliament building about the possibility of any fresh operation against the militants. He said that the high-level National Security Committee (NSC) would decide about launching a military operation to eliminate militancy. "This is a decision that the National Security Committee will take. Such things can be decided at a forum (like the NSC) which is able to take such major decisions," he said. Later addressing the parliament, he urged all political forces to unite against terrorists who are targeting not a sect

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Mosque suicide blast death toll rises to 100 in Pakistan's Peshawar city

The death toll from the suicide blast rose to at least 100 on Tuesday after rescue workers retrieved more bodies from the debris of the devastated mosque inside a major police facility in Pakistan's northwestern Peshawar city. According to security officials, the suicide bomber who was present in the front row during the Zuhr (afternoon) prayers on Monday blew himself up, causing the roof to collapse on the worshippers. Lady Reading Hospital (LRH) spokesperson Mohammad Asim said that 100 bodies had been brought to the medical facility. Asim said 53 injured were currently being treated while seven had been admitted to the intensive care unit (ICU). He said that most of the injured were out of danger. Most of the victims were policemen. At least a deputy superintendent of police, five sub-inspectors and the mosque's prayer leader Maulana Sahibzada Noorul Amin were among the dead. The Tehreek-e-Taliban Pakistan (TTP), known as the Pakistani Taliban, claimed responsibility for the sui

Pak court to indict Ex-PM Imran Khan in Toshakhana reference case

A Pakistan court on Tuesday said that PTI chief and former Prime Minister Imran Khan will be indicted in connection with the Toshakhana refrence case

Inflation, loans, forex balance: The many crises for Pakistan's economy

Without a bailout package from IMF and support from others, India's neighbour will be pushed deeper into the abyss

Death toll in Pak's Peshawar suicide blast in mosque jumps to 83: Report

The death toll in a suicide bombing inside a mosque in Peshawar's Police Lines has gone up to 83 after nine more bodies were recovered from the rubble, The News International reported

Pakistan's fate at stake as rupee plunges to 250 against the dollar: Report

Pakistani's economy has reached rock bottom as the rupee plummeted to 250 against the US dollar and the value of currency depreciated

Against the flow

Pakistan has nothing to complain about the Indus Waters Treaty

61 killed, 150 injured in Taliban suicide attack at mosque in Peshawar

A Taliban suicide bomber blew himself up in a mosque packed with worshippers during afternoon prayers on Monday in the high-security zone in Pakistan's restive northwestern Peshawar city, killing at least 46 people and wounding more than 150 others, mostly policemen, officials said. The powerful blast occurred inside the mosque in the Police Lines area around 1.40 pm when worshippers, which included personnel of the police, army and bomb disposal squad - were offering the Zuhr (afternoon) prayers. The bomber who was present in the front row blew himself up, causing the roof to collapse on the worshippers, officials said. Lady Reading Hospital officials said 46 people have died and 157 others injured. There were mostly policemen and security officials among the dead and injured. The Tehreek-e-Taliban Pakistan (TTP), known as the Pakistani Taliban, claimed responsibility for the suicide attack, saying it was part of a revenge attack for slain TTP commander Umar Khalid Khurasani who w