President Dr Arif Alvi on Tuesday advised Finance Minister Ishaq Dar to approach parliament regarding the government’s plan to raise additional revenue through taxes instead of promulgating an ordinance. Pakistan is battling an economic crisis which has seen inflation rocket… Continue Reading
POOR fishermen on both sides of the border are amongst the hardest-hit victims of the decades-old Pakistan-India enmity. The men are hauled up by the respective authorities when they mistakenly stray into the other state’s territory, and end up languishing… Continue Reading
AT a time when the government is struggling to seek a bailout from the IMF, the 0.4 percentage point drop in the tax-to-GDP ratio in the first half of the current fiscal to 4.4pc from 4.8pc last year should worry… Continue Reading
KARACHI: Sovereign bonds slumped on Friday after Pakistan’s bailout talks with the IMF ended without an agreement. The country’s bond due for repayment the soonest, in April 2024, tumbled 4.6 cents on the dollar or roughly nine per cent. Other… Continue Reading
ON Feb 9, 1984, Gen Ziaul Haq dealt an existential blow to Pakistan when he banned student unions. They were never truly restored though several civilian governments followed him and each promised to remove the ban. It may sound somewhat… Continue Reading
Pakistan’s foreign exchange reserves held by the central bank decreased by $170 million to $2.9 billion in the week ending on February 3, the State Bank of Pakistan (SBP) said on Thursday. The country is locked in negotiations with the… Continue Reading
ISLAMABAD: The government has barred the Pakistan Telecommunication Authority (PTA) from blocking any website without consulting the Ministry of Information Technology and Telecommunication. The decision was made in a ministerial committee meeting chaired by IT Minister Syed Aminul Haque. The… Continue Reading
ISLAMABAD: The government put on a brave face amid a stalemate on securing a bailout from the International Monetary Fund (IMF), needed to avert a nearing sovereign default, as the two sides remained short of concluding external financing estimates and… Continue Reading
The United States has reiterated its support to Pakistan in the fight against terrorism, saying the latter will continue to be a “stalwart partner” of the US in the face of recent terrorist attacks. US State Department spokesperson Ned Price… Continue Reading
ISLAMABAD: Amid challenging engagements with international lending agencies to unlock external flows for the balance of payments and flood recovery, the Centre has cast off Punjab’s Rs400 billion health insurance scheme in its present form and size, targeting the entire… Continue Reading