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Latest News

Supreme Court to take up ECP review petition on Punjab election today

By Editor Economic Watch
in :  Latest, Latest News
15 May 2023

  The Supreme Court (SC) will take up the Election Commission of Pakistan’s (ECP) plea today (Monday) seeking to revisit its April 4 order of holding elections in Punjab as the May 14 deadline set by the top court expired on Sunday. Last month, a three-member bench of the top court headed by Chief Justice of Pakistan (CJP) Umar Ata …


Imran bailed: IHC gives 2-week reprieve in Al-Qadir Trust case

By Editor Economic Watch
in :  Latest, Latest News
12 May 2023

  A division bench of the Islamabad High Court (IHC) on Friday granted PTI Chairman Imran Khan two-week bail in the Al-Qadir Trust case, a day after the Supreme Court termed his arrest from the IHC premises “invalid and unlawful”. A division bench comprising Justice Miangul Hassan Aurangzeb and Justice Saman Rafat Imtiaz heard the PTI chief’s bail plea at …


Moody’s warns Pakistan could default without IMF bailout: report

By Editor Economic Watch
in :  Latest, Latest News
9 May 2023

  Moody’s Investors Service warned that Pakistan could default without an International Monetary Fund (IMF) bailout as the country faces uncertain financing options beyond June, reported Bloomberg on Tuesday. “We consider that Pakistan will meet its external payments for the remainder of this fiscal year ending in June,” Grace Lim, a sovereign analyst with the ratings company in Singapore, was quoted as …


In Solidarity with Judiciary: PTI to Hold Rallies in Islamabad at 101 Spots on 14th

By Editor Economic Watch
in :  Latest, Latest News
9 May 2023

  ISLAMABAD, May 9 (EW):  Amid the ongoing tussle between the parliament and the judiciary over holding the election in Punjab and Khyber-Pakhtunkhwa, the key opposition party — Pakistan Tehreek-e-Insaf (PTI) — has announced to hold public rallies in the federal capital Islamabad at 101 spots on May 14 (Sunday), the date set by the supreme court to hold elections …


Unofficial results show PPP in the lead in LG polls in Karachi

By Editor Economic Watch
in :  Latest, Latest News
8 May 2023

  Karachi, May 8: Unofficial results on Monday of by-elections held on 63 local body seats in five divisions of Sindh showed the PPP emerging victorious in Karachi. According to Radio Pakistan, the PPP emerged as the single largest party in the by-polls. Quoting unofficial results, the report said that the PPP bagged seven out of the 11 union committees …


Bilawal sees SCO a key to take Eurasian connectivity to next level

By Editor Economic Watch
in :  Latest, Latest News
5 May 2023

  Foreign Minister Bilawal Bhutto-Zardari said the Shanghai Cooperation Organisation (SCO) could be a key platform for taking the vision of Eurasian connectivity to the next level. The minister is delivering his keynote address at the SCO Council of Foreign Ministers Meeting hosted by India in its Goa state. He reiterated Pakistan’s strong commitment to the platform. “There couldn’t be …


SCO meeting: FM Bilawal Bhutto in Goa on first-ever India visit

By Editor Economic Watch
in :  Latest, Latest News
4 May 2023

  Foreign Minister Bilawal Bhutto-Zardari arrived in Goa, India on Thursday on his first-ever visit to the neighbouring country, to attend a meeting of the Shanghai Cooperation Organisation (SCO). Bilawal is leading the country’s delegation at the  SCO‘s Council of Foreign Ministers meeting scheduled to be held on May 4-5 in Goa. While leaving for India from Karachi, Bilawal reaffirmed Pakistan’s …


IMF bars Pakistan from giving subsidy without approval

By Editor Economic Watch
in :  Latest, Latest News
4 May 2023

  ISLAMABAD, May 04 (EW):  The International Monetary Fund (IMF) — through the  Memorandum of Economic and Financial Policies (MEFP) — has made it clear that Pakistan will not provide any kind of additional subsidy without prior approval of the lender as both sides struggle to arrive at a consensus on fiscal adjustment plans, The News reported. Pakistan and the IMF …


Dar, US diplomat discuss Pakistan’s IMF programme

By Editor Economic Watch
in :  Latest, Latest News
3 May 2023

  Finance Minister Ishaq Dar on Wednesday discussed Pakistan’s economic situation and progress made on the ongoing International Monetary Fund (IMF) programme with Andrew Schofer, Charge’d Affaires of the Embassy of USA, who called on him. As per a statement released by the Finance Division, Dar assured the US envoy that the government remains committed to completing the IMF program. …


ECP seeks review of SC’s order to hold Punjab elections on May 14

By Editor Economic Watch
in :  Latest, Latest News
3 May 2023

  ISLAMABAD, May 3 (EW):  The Election Commission of Pakistan (ECP) filed a review petition on Wednesday against the Supreme Court’s (SC) month-old order fixing May 14 as the date for Punjab polls. In the petition, the electoral watchdog maintained that changing the election programme was the solitary domain of the ECP under section 58 of the Elections Act, 2017. Under …


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