Pakistan, IMF discussing new multi-billion-dollar programme, says finance czar
WASHINGTON: Pakistan has initiated discussions with the International Monetary Fund (IMF) over a new multi-billion dollar loan agreement to support its economic reform program, said Finance Minister Muhammad Aurangzeb. The country is nearing the end of a nine-month, $3 billion loan programme with the IMF designed to tackle a balance-of-payments crisis which brought it to the […]
Alarm over ‘reversal’ of development
WASHINGTON: Half of the world’s 75 poorest countries are experiencing a widening income gap with the wealthiest economies for the first time this century in a historical reversal of development, the World Bank said in a report on Monday. The differential between per capita income growth in the poorest countries and the richest has widened […]
Members call for holding JCP meeting
ISLAMABAD: There is a proposal to immediately convene a meeting of the Judicial Commission of Pakistan (JCP) to approve the draft rules for the elevation of judges to the superior judiciary. This proposal has been made by the JCP member from the Pakistan Bar Council (PBC), Akhtar Hussain, and former JCP member Advocate Amjad Farooq […]
Opp welcomes int’l investors delegation
LAHORE: Leader of the Opposition in the National Assembly, Omar Ayub Khan, expressed the opposition’s warm welcome to an international investors’ delegation from a friendly nation. He emphasized the importance of ensuring equitable distribution of dividends from such investments to benefit the local populace. Standing alongside MNAs Mahmood Khan Achakzai of Pakhtunkhwa Milli Awami Party […]
POL products import, re-export allowed
ISLAMABAD: The federal government on Monday allowed the import of petroleum products, sale in the local market and their re-export to other countries through the foreign suppliers account, according to the newly-notified Customs Bonded Facilitation Rules (CBFR), 2024. According to the documents available to The Express Tribune, the Federal Board of Revenue (FBR) has amended […]
Oil sheds 1% after Iran attack
NEW YORK: Oil prices sank by about 1% a barrel on Monday after Iran’s weekend attack on Israel proved to be less damaging than anticipated, easing concerns of a quickly intensifying conflict that could displace crude barrels. Brent futures for June delivery fell 91 cents to $89.54 a barrel, a 1% loss, by 1717 GMT. […]
Maneka’s lawyer begins arguments in iddat case
ISLAMABAD: Lawyers representing former prime minister Imran Khan and his spouse, Bushra Bibi, expressed dissatisfaction on Monday with what they claim are the “delaying tactics” of Khawar Maneka’s lead counsel, as well as a court decision to postpone the iddat case for another ten days—until April 24.Imran and Bushra were married on January 1, 2018. […]
CJP’s extension issue stirs political chessboard
ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) while giving credence to the speculation that the government was allegedly planning to extend the incumbent chief justice of Pakistan (CJP) tenure for three years vowed on Monday that it would thwart any move deviating from the set pattern of judges’ promotion to unduly facilitate CJP Justice Qazi Faez Isa. Currently, […]