Pakistan, IMF reach staff-level pact on crucial $3 billion bailout
June 30, 2023
7:10 pm
Nine-month stand-by arrangement subject to approval by IMF’s executive board in July
Nine-month stand-by arrangement subject to approval by IMF’s executive board in July
Lightning strikes and torrential downpours killed 12 people and injured 15 others in the early hours of Monday as extreme weather slammed the country ahead of the monsoon season.
The fiscal changes outlined by Finance Minister Ishaq Dar in the budget for the next fiscal year (FY24) on Saturday will increase the tax burden on the salaried class.
Parts of the country are subjected to up to 12 hours of load shedding, or “brownouts.”
LAHORE: Former Prime Minister Nawaz Sharif was acquitted on Saturday by an accountability court in a case involving the alleged improper distribution of properties to the owner of a media business in 1986.
The revised budget aims for an additional Rs215 billion in tax revenue alongside a cutback of Rs85 billion in public spending for the upcoming fiscal year.
According to the head of US intelligence, there is no indication that the Covid-19 virus was generated in the Chinese government’s Wuhan research lab.
Eleven individuals were injured on Cathay Pacific’s (0293.HK) aircraft CX880 at Hong Kong’s international airport early Saturday when the carrier aborted takeoff due to a technical issue, according to a statement from Cathay Pacific.
ISLAMABAD: Bilawal Bhutto Zardari, Chairman of the Pakistan Peoples Party and Foreign Minister, testified on Friday that he had never seen anyone work as hard as Prime Minister Shehbaz Sharif.
KARACHI: Federal Minister for Maritime Affairs Faisal Sabzwari announced on Friday that the UAE’s Abu Dhabi Ports (AD Ports) will pay $50 million upfront to the Karachi Port and will invest $102 million in expansion over the next three to five years, as part of a deal reached between AD Ports and the Karachi Port Trust (KPT).
Foreign Minister Bilawal Bhutto Zardari emphasised on Friday the need of the country staying out of the politics of world powers and instead focusing on resolving its own economic challenges in order to achieve its international ambitions.
As an apex court bench resumed hearing petitions against the trial of civilians in military courts in connection with their involvement in the May 9 violence, Attorney General for Pakistan (AGP) Mansoor Awan informed the Supreme Court on Friday that 102 people were in the army’s custody, none of whom were juveniles or women.
