Macroeconomic outlook improves markedly: SBP
KARACHI: Pakistan’s macroeconomic outlook has improved substantially as a result of a prudent monetary policy, backed adequately by fiscal consolidation and beginning of implementation of key structural reforms, said State Bank of Pakistan (SBP) Governor Jameel Ahmad. The central bank governor met key international investors during multiple events organised by leading global banks and financial […]
PM urges acceleration in nationwide anti-smuggling drive
PAKISTAN: Prime Minister Muhammad Shehbaz Sharif on Friday reiterated the resolve to purge the country of smuggling during a meeting on Friday, directing the authorities concerned to accelerate the nationwide drive against the menace. Chairing a high-level meeting aimed at curbing smuggling, the premier paid tribute to Chief of Army Staff (COAS) General Syed Asim […]
Troubled Man Utd still world’s biggest club says Coventry boss Robins
LONDON: Mark Robins has slammed criticism of Manchester United as the Coventry boss insisted his troubled former side are still the world’s biggest club ahead of Sunday’s FA Cup semi-final. Robins began his playing career with United and famously scored the FA Cup third round winner against Nottingham Forest in 1990 that is often credited […]
Imran alleges Bushra’s food contaminated with toilet cleaner
Former Prime Minister and Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan claimed on Friday that his wife, Bushra Bibi, was given food mixed with “toilet cleaner.” During the hearing of the £190 million corruption reference in Rawalpindi’s Adiala jail, Imran informed Judge Nasir Javed Rana that additional walls had been erected in the courtroom, creating an […]
Reserves stay stable despite $1b repayment
KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) surprisingly remained stable above $8 billion despite repayment of $1 billion foreign debt in the week ended April 12, 2024.More importantly, the reserves rose by $14.4 million during the week, reaching $8.05 billion. Pakistan repaid $1 billion for a maturing Eurobond on […]
Abuse of discretionary powers of high court CJs challenged
A petition was submitted to the Supreme Court Lahore Registry on Friday, challenging the discretionary powers wielded by the chief justices of the country’s five high courts. These powers, it is alleged, have been exploited to benefit individuals close to the justices near their retirement, resulting in significant losses to the national exchequer. The petitioner, […]
Ten Hag reveals Garnacho apology after forward supported critical tweets
LONDON: Erik ten Hag claimed Manchester United’s squad is not fractured after revealing Alejandro Garnacho apologised for liking social media posts criticising the manager’s handling of the Argentine forward. Garnacho gave ‘likes’ to a pair of messages on X that slammed Ten Hag’s decision to substitute him at half-time of last weekend’s 2-2 draw against […]
IMF, WB cite progress on global debt issues
WASHINGTON: The International Monetary Fund (IMF), World Bank and current G20 president Brazil said on Wednesday there had been significant progress on global debt issues in recent months, citing new agreements on desired timelines and comparability of treatment. IMF Managing Director Kristalina Georgieva, World Bank President Ajay Banga and Brazilian Finance Minister Fernando Haddad issued […]