BEIJING: While strongly condemning the terrorist attack targeting Chinese engineers in Gwadar, a Chinese foreign ministry spokesperson Monday said that any attempt to sabotage the friendship between China and Pakistan and the development of the China-Pakistan Economic Corridor (CPEC) will not succeed. “China will continue to work with the Pakistani side to jointly guard against and counter the threats of …
KARACHI: The Pakistani currency witnessed a significant drop on Tuesday – the first day of the interim government taking over the reins of power in the centre – and closed at a three-month low of Rs292 against the US dollar. The local currency shed Rs3 against the greenback in the interbank market around midday. The drop was exactly in line …
After the announcement of Supreme Court (Review of Judgments and Orders) Act 2023 as “unconstitutional” by Pakistan’s top court, legal experts and political analysts have shared their diverse views on the decision. The implications of the decision, announced earlier today, extend to thwarting the aspirations of disqualified politicians who sought recourse against unfavourable judgements. The development comes at a …
KARACHI: The Pakistan Stock Exchange (PSX) jumped up by 1,000 points to around 48,900 in the early trading hours on Friday. The market invited the outstanding renewed buying from investors after the global stock market index provider Morgan Stanley Capital International (MSCI) announced to add record 15 Pakistani listed companies into its MSCI Frontier Market Index. The development is expected to …
ISLAMABAD, August 11 (EW): Prime Minister Muhammad Shehbaz Sharif and Leader of the Opposition in National Assembly Raja Riaz will meet again today (Friday) as part of the consultation process for the selection of the caretaker prime minister. The first meeting between Prime Minister Shehbaz Sharif and opposition leader Raja Riaz, held on Thursday, regarding the appointment of the …
Senior Pakistan Muslim League-Nawaz (PML-N) leader Rana Sanaullah said Thursday there is nothing new in a foreign media outlet’s story about the US cipher, which claimed to substantiate former prime minister Imran Khan’s allegations that he was removed under American pressure after his Russia visit. “Though there is nothing new in this story, the investigation needs to held to establish …
ISLAMABAD: In a significant development likely to alleviate the country’s economic woes in the upcoming months, the International Monetary Fund (IMF) is likely to work with a prolonged caretaker setup in the country to complete its ongoing $3 billion Standby Arrangement (SBA) programme, The News reported Thursday, citing top official sources. “The IMF has shown the willingness to work with a prolonged …
A formal round of consultation over the nomination for a caretaker premier between Prime Minister Shehbaz Sharif and Leader of the Opposition in the National Assembly Raja Riaz will begin today (Thursday). The consultation became due after the dissolution of the 15th NA of Pakistan last night, with President Arif Alvi’s approval of the summary sent by PM Shehbaz. “The …
ISLAMABAD: President Dr Arif Alvi on Wednesday dissolved the National Assembly on the advice of Prime Minister Shehbaz Sharif, setting the stage for general elections latest by November 9. The Constitution gives a 90-day timeframe for holding the elections upon the dissolution of the assembly before the end of its five-year term. With the dissolution of the assembly, the country …
ISLAMABAD: The risks attached to the short-term 3-billion-dollar Standby Arrangement (SBA) programme of the International Monetary Fund (IMF) will increase manifold with the possibility of the tenure of the caretaker setup going beyond 90 day which seems essential after the approval of the 7th Population and Housing Census, local media reported on Wednesday. A delay in the general elections is on …
