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  • Pakistan PM Shehbaz Sharif directs reopening of closed power plants to tackle energy crisis: report Jul 04, 2022 02:56 PM IST

    Pakistan PM Shehbaz Sharif directs reopening of closed power plants to tackle energy crisis: report

    Chairing a meeting in Islamabad on July 3 on the existing power situation in the country, Sharif also sought an explanation from the authorities for the prolonged spells of electricity outages, The Express Tribune newspaper reported.

  • If Pakistan, India ever forge peaceful relations, its credit will also go to Lambah: Pakistan's ex-diplomats Jul 02, 2022 06:31 PM IST

    If Pakistan, India ever forge peaceful relations, its credit will also go to Lambah: Pakistan's ex-diplomats

    Lambah, 81, passed away in New Delhi on Thursday. He headed the crucial backchannel diplomatic negotiations between India and Pakistan from 2005 to 2014.

  • Pakistan steeply hikes petroleum prices under deal with IMF to revive bailout programme Jul 01, 2022 12:11 PM IST

    Pakistan steeply hikes petroleum prices under deal with IMF to revive bailout programme

    Prices of all petroleum products went up by about Rs14-19 per litre after the decision came into effect from midnight on Thursday. According to a notification issued by the finance ministry, the government imposed a Rs 10 per litre petroleum levy on petrol and Rs 5 each on high-speed diesel (HSD), kerosene and light diesel oil (LDO).

  • India, Pakistan may see more heat waves annually in future: Study Jun 28, 2022 03:46 PM IST

    India, Pakistan may see more heat waves annually in future: Study

    Climate change is a reality and extremely high temperatures have been reported by India and Pakistan this year.

  • Pakistan orders masks on domestic flights as COVID numbers rise Jun 27, 2022 12:28 PM IST

    Pakistan orders masks on domestic flights as COVID numbers rise

    The order comes a day after Pakistan's biggest city, Karachi, reported that its COVID-19 positivity ratio, or the rate of positive cases out of all tests conducted, rose to 21% compared with a national rate of 2.8%.

  • In-Depth | What Pakistan's likely exit from FATF grey list means for its struggling economy Jun 26, 2022 03:46 PM IST

    In-Depth | What Pakistan's likely exit from FATF grey list means for its struggling economy

    Widely hailed as a diplomatic victory, the potential delisting has an array of positive implications for the economy, as it would improve investments, facilitate international lending and give an impetus to exports and imports, say experts.

  • 150 militants ready at launchpads across LoC to infiltrate into J&K, says Army officer Jun 25, 2022 04:50 PM IST

    150 militants ready at launchpads across LoC to infiltrate into J&K, says Army officer

    The Army officer said militants are now focusing on other infiltration routes other than those that have been identified.

  • Pakistan quietly jails 'dead' 26/11 LeT handler Sajid Mir for over 15 years in terror financing case Jun 25, 2022 11:28 AM IST

    Pakistan quietly jails 'dead' 26/11 LeT handler Sajid Mir for over 15 years in terror financing case

    The Counter Terrorism Department (CTD) of the Punjab Police, which often issues convictions of the suspects in such cases to the media, did not notify Mir's conviction.

  • Afghanistan ends search for survivors of earthquake that killed 1,000 Jun 24, 2022 12:38 PM IST

    Afghanistan ends search for survivors of earthquake that killed 1,000

    About 2,000 people were injured and 10,000 houses were partially or completely destroyed in Wednesday’s earthquake in a remote area near the border with Pakistan, Mohammad Nassim Haqqani, a spokesperson for the disaster ministry, told Reuters.

  • Pakistan slaps 10% super tax on large scale industries, stocks nosedive Jun 24, 2022 11:25 AM IST

    Pakistan slaps 10% super tax on large scale industries, stocks nosedive

    These sectors include cement, steel, sugar, oil and gas, fertilisers, LNG terminals, textile, banking, automobile, and cigarettes.

  • Pakistan signs $2.3 billion loan facility agreement with China Jun 22, 2022 09:43 PM IST

    Pakistan signs $2.3 billion loan facility agreement with China

    Pakistan on Wednesday signed a 15 billion yuan (USD 2.3 billion) loan facility agreement with a Chinese consortium of banks to support the country's cash-strapped economy in the aftermath of diminishing foreign exchange reserves and depreciation of its local currency.

  • Pakistan, IMF say bailout talks make progress Jun 22, 2022 11:24 AM IST

    Pakistan, IMF say bailout talks make progress

    Pakistan unveiled a 9.5 trillion rupee ($47 billion) budget for 2022-23 this month aimed at tight fiscal consolidation in a bid to convince the IMF to restart much-needed bailout payments.

  • US agrees to help Pakistan with IMF talks on bailout package: Report Jun 20, 2022 04:19 PM IST

    US agrees to help Pakistan with IMF talks on bailout package: Report

    According to reports, the US has promised to assist cash-strapped Pakistan in negotiating an agreement with the IMF to revive the country's fiscal bailout programme.

  • Pakistan working closely with FATF to schedule early on-site visit to exit grey list: Hina Rabbani Khar Jun 18, 2022 08:47 PM IST

    Pakistan working closely with FATF to schedule early on-site visit to exit grey list: Hina Rabbani Khar

    Pakistan has been on the grey list of the Paris-based FATF since June 2018 for failing to check money laundering, leading to terror financing, and was given a plan of action to complete the task by October 2019.

  • Pakistani restaurant draws flak for using ‘Gangubai Kathiawadi’ scene to promote men’s discount Jun 18, 2022 11:45 AM IST

    Pakistani restaurant draws flak for using ‘Gangubai Kathiawadi’ scene to promote men’s discount

    A Pakistani restaurant named Swing is facing intense backlash for using a scene from Gangubai Kathiawadi to promote a men's-only discount offer.

  • Pakistan seeks US support for IMF programme revival Jun 17, 2022 02:55 PM IST

    Pakistan seeks US support for IMF programme revival

    According to a media source on Friday, Pakistan has sought US help for the renewal of the International Monetary Fund programme because the global lender has failed to agree to a staff level pact despite the federal government's claim to have taken many difficult decisions.

  • Pakistani govt chided for ‘Drink less tea, save money’ plea Jun 16, 2022 04:16 PM IST

    Pakistani govt chided for ‘Drink less tea, save money’ plea

    Following a request to the public to drink less tea to help save on imports amid a mounting economic crisis, a minister in Pakistan's newly elected administration faced criticism on Wednesday. Pakistan, with a population of 220 million people, is one of the world's top tea importers.

  • Wives of Pakistan PM Shehbaz Sharif, ex-PM Imran Khan richer than husbands Jun 16, 2022 02:51 PM IST

    Wives of Pakistan PM Shehbaz Sharif, ex-PM Imran Khan richer than husbands

    According to a statement of assets filed for the fiscal year ending June 30, 2020 with the Election Commission of Pakistan (ECP), Nusrat Shehbaz, the first wife of the prime minister, is richer than her husband and owns wealth worth Rs 230.29 million.

  • 'Cutting chai': Pak minister urges people to reduce tea consumption Jun 15, 2022 03:38 PM IST

    'Cutting chai': Pak minister urges people to reduce tea consumption

    The appeal from Federal Minister for Planning Ahsan Iqbal came after it emerged that Pakistan consumed tea worth Rs 83.88 billion (USD 400 million) in the fiscal year 2021-22, The News International newspaper reported.

  • Pakistan: Caught in the Dragon’s trap  Jun 15, 2022 09:47 AM IST

    Pakistan: Caught in the Dragon’s trap 

    The IMF in its latest country report on Pakistan, brought out in April this year, has quietly hinted that the country’s industry simply lacks the technology and sophistication necessary to compete in the modern world

  • Pakistan finance minister warns of default if fuel subsidies not abolished Jun 14, 2022 03:20 PM IST

    Pakistan finance minister warns of default if fuel subsidies not abolished

    Pakistan would fail if the government does not eliminate petroleum product subsidies, according to Finance Minister Miftah Ismail, who also warned that the cash-strapped country's economy might be in a similar position to Sri Lanka's if difficult decisions are not made.

  • Militaries of Pakistan & China agree to step up defence and anti-terrorism cooperation amidst 'challenging times' Jun 13, 2022 11:44 AM IST

    Militaries of Pakistan & China agree to step up defence and anti-terrorism cooperation amidst 'challenging times'

    Gen Bajwa, accompanied by top Pakistani defence officials, held talks with the Chinese team led by Vice Chairman Central Military Commission General Zhang Youxia in Qingdao, the capital city of east China’s Shandong province on Sunday.

  • IMF still has concerns over Pakistan budget: Finance minister Jun 11, 2022 07:10 PM IST

    IMF still has concerns over Pakistan budget: Finance minister

    Pakistan unveiled a 9.5 trillion Pakistani rupee ($47.12 billion) budget for 2022-23 on Friday aimed at tight fiscal consolidation in a bid to convince the IMF to restart much-needed bailout payments.

  • Former Pakistan president Parvez Musharraf’s organs malfunctioning, recovery not possible Jun 10, 2022 06:40 PM IST

    Former Pakistan president Parvez Musharraf’s organs malfunctioning, recovery not possible

    After reports about the former Pakistan Army chief’s demise started flooding the social media, his family clarified that he is neither dead nor on ventilator support, although his organs are malfunctioning.

  • Packets dumped by Pak smugglers near Kutch coast contained heroin worth Rs 250 cr: Guj ATS Jun 06, 2022 06:48 PM IST

    Packets dumped by Pak smugglers near Kutch coast contained heroin worth Rs 250 cr: Guj ATS

    Forensic analysis established that the 49 sealed packets contained nearly 50 kilograms of heroin worth Rs 250 crore in the international market.

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