Page 55 - Pakistan

Imran's party rejects Shehbaz's offer of dialogue on reviving Pak economy

Prime Minister Sharif on Sunday emphasised the need for initiating a dialogue over vital sectors of the economy to move ahead on the path of progress and prosperity

Pak summons Indian charg d'affaires over BJP leaders' controversial remarks

Pakistan said on Monday that it has summoned the Indian charg d'affaires to convey its categorical rejection and condemnation of the controversial remarks by two BJP leaders against Prophet Mohammed.

Pakistan army to get Rs 1.4 trillion next fiscal year, says report

Defence spending often comes under scrutiny at the time of the announcement of the annual budget when allocati­ons for various sectors are earmarked

Pakistan imposes 10% regulatory duty on petroleum products from China

Petroleum products will attract 10 per cent customs duty on imports while an equivalent 10 per cent deemed duty is applicable on local production of these products by domestic refineries

LIVE: Maharashtra, Kerala report over 1,000 new Covid cases each in a day

For the past five days, Kerala has been reporting over 1,000 coronavirus cases each day and a total of 48 Covid-related deaths

Imran Khan-led PTI govt miserably failed' people of Gwadar: Pak PM Shehbaz

Pakistan Prime Minister Shehbaz Sharif on Saturday hit out at the previous government led by ousted premier Imran Khan for "miserably failing the people of Gwadar, a day after he visited the port city in Balochistan and inaugurated a six-lane expressway built under the USD 60 billion China-Pakistan Economic Corridor. Expressing dissatisfaction over the slow pace of work on projects in Gwadar, the prime minister asserted that the development of Pakistan was linked with peace, stability and progress in Balochistan. The coalition govt aims to assist Balochistan by working with the provincial govt & local elders to chart the way forward, Sharif said in a tweet on Saturday. "During my visit to Gwadar, I witnessed how PTI govt miserably failed the people of Gwadar. Despite wasting billions of rupees & precious time, it could not complete any project for resolution of water & electricity issues for the locals who gave great sacrifices for Gwadar port," he said. During his ...

Pakistan PM Shehbaz asks ISI to screen govt officials, says Report

Pakistan PM Shehbaz Sharif has tasked the Inter-Services Intelligence (ISI) to screen government officials before their induction, appointments and postings, as well as promotions, a media report said

Do not want anyone to play spoiler in Afghanistan, says Pakistan

A day after the first-ever Indian delegation visited Kabul since the Taliban took over last year, Pakistan said that it would not like any country playing the role of a spoiler in Afghanistan

Pak has forex to pay for 2 months of imports, reserves slip below $10 bn

The stockpile decreased by $366 million in the week ended May 27 to stand at $9.72 billion

India reminds Pakistan of its 'shameful history' of genocide in Bangladesh

Responding to Islamabad's attack on New Delhi at the UNSC over Kashmir, India reminded Pakistan of its "shameful history" of committing the genocide of hundreds of thousands of people in Bangladesh

Moody's downgrades cash-strapped Pakistan's outlook from stable to negative

The Moody's report added that the country's 'weak institutions and governance strength' had added uncertainty around the future direction of macroeconomic policy

China agrees to refinance Pakistan with $2.3-bn funding: FM Ismail

"Inflow is expected shortly after some routine approvals from both sides. This will help shore up our foreign exchange reserves," he added.

Pakistan's IMF programme depends on govt ability to make fiscal adjustments

The restoration of Pakistan's delayed International Monetary Fund (IMF) programme depends on the government's capacity to make a fiscal adjustment of about 2.5 per cent of the GDP.

Pakistan inflation climbs to 13.8% in May on rising food and fuel prices

Food prices surged 17.3%, while transport costs surged 31.8%, the data showed

Pak dispatches consignment of 7.5 tonnes as humanitarian aid to Ukraine

Pakistan sent a consignment of 7.5 tons of items as humanitarian assistance to the people of Ukraine amid the ongoing Russian military operation in the country

UK PM Johnson discusses trade, Ukraine, Afghanistan with Pak PM Sharif

They agreed to strengthen those ties further and boost trade and investment, with the UK Prime Minister highlighting the appointment of a new UK Trade Envoy to Pakistan to drive those efforts

PCB shifts ODI series against West Indies from Rawalpindi to Multan

The Pakistan Cricket Board has shifted next month's ODI series against the West Indies from Rawalpindi to Multan in the wake of expected protest rallies planned by opposition politicians

Amid financial crisis, Pakistani rupee set to see worst month in 2 years

The Pakistani rupee has declined about 7% in May, the steepest drop since March 2020, as the country negotiates a bailout package with the IMF and other nations to keep its economy afloat

Johnson, Shehbaz Sharif discuss UK-Pakistan trade, Ukraine conflict

UK PM Boris Johnson spoke to his Pakistani counterpart Shehbaz Sharif and discussed a range of issues including trade, the human rights situation in Afghanistan and the Ukraine conflict

Pakistan says it's shut out of global bond markets with IMF only resort

Pakistan's government is unable to secure funding from the global bond market and commercial banks, making it even more important to secure an agreement with the IMF