June 08, 2025

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Latest News

BISP cash payment shifts to banks’ retail POS

By Editor Economic Watch
in :  Latest, Latest News
27 Jun 2023

  ISLAMABAD, June 27 (EW): Cash disbursement to the beneficiaries of the Benazir Income Support Programme (BISP) will be made through retail point of sale of banks from Tuesday (today) while special campsites will be closed, programme’s spokesperson has said. The decision has been taken in view of the issues faced by the banking system and uncertain weather conditions. The …


Moody’s warns of ‘highly uncertain’ external funding prospects for Pakistan

By Editor Economic Watch
in :  Latest, Latest News
27 Jun 2023

  KARACHI, June 27 (EW):  Moody’s Investors Service has warned that Pakistan’s ability to secure loans from bilateral and multilateral partners will be severely constrained until a new programme is negotiated with the International Monetary Fund (IMF). The credit company, in an issuer comment report, said: “Whether Pakistan will join another IMF programme  only become clear after elections, which are …


Center for Marine Sciences to get established by Uni of Gwadar 

By Editor Economic Watch
in :  Latest, Latest News
16 Jun 2023

  Islamabad, June 16 (INP): The University of Gwadar decided to establish a China-Pakistan Economic Corridor (CPEC) Study Center and a Center for Marine Affairs and Marine Sciences. In this regard, the University of Gwadar’s third syndicate meeting was held at the higher education commission regional centre Quetta with Vice Chancellor Professor Dr Abdul Razzaq Sabir in the chair. “The …


PPP, JI workers clash after Wahab becomes Karachi mayor, defeating Rehman

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

  KARACHI, June 15 (EW) : Pakistan People’s Party’s (PPP) candidate Murtaza Wahab leads in the election for Karachi mayor on Thursday after securing 173 votes and his rival, Jamaat-e-Islami’s Hafiz Naeemur Rehman, got 161 votes as per unofficial results. The voting for Karachi’s new mayor started earlier in the day with elected members of the Karachi Metropolitan Corporation (KMC) …


Pakistan on tenterhooks as cyclone makes landfall today

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

  HYDERABAD: Thousands of people living in coastal towns and small islands in Thatta, Sujawal and Badin districts on Tuesday left their homes for safer places, two days before a ferocious cyclone was expected to make a landfall on Thursday (tomorrow) afternoon. Classified as a “Very Severe Cyclonic Storm” of Category 3, Biparjoy is expected to land around Thursday evening …


NAB Summons PTI Chief in Toshakhana Case Tomorrow Wed Jun 14 2023

By Editor Economic Watch
in :  Latest, Latest News
14 Jun 2023

RAWALPINDI: The National Accountability Bureau (NAB) Rawalpindi office has summoned Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan for the investigations into the Toshakhana case, on June 15 (tomorrow). This is the third time the PTI chief and former prime minister, who was dethroned in April last year through a vote of no-confidence, has been summoned in a three-month time span, as …


Record 110m People Worldwide Now Forcibly Displaced: UN

By Editor Economic Watch
in :  International News, Latest, Latest News
14 Jun 2023

  GENEVA, June 14 (AFP) : A record 110 million people worldwide have been forcibly displaced from their homes, the United Nations (UN) said on Wednesday, branding the huge upsurge an “indictment” of the world. Russia’s war in Ukraine, refugees fleeing Afghanistan and the fighting in Sudan have pushed the total number of refugees forced to seek shelter abroad and …


Govt vows to pass cheaper Russian oil benefits to people

By Editor Economic Watch
in :  Latest, Latest News
14 Jun 2023

  ISLAMABAD, June 14 (EW): State Minister for Petroleum Musadik Malik said the government could not disclose the contractual terms of its oil purchase from Russia, but assured that Pakistan was receiving favourable rates. Malik, while speaking to journalists, said: “I do not have the liberty to disclose the commercial terms of our contract with Russia, this is part of …


Earthquake hits Lahore, Islamabad, Peshawar

By Editor Economic Watch
in :  Latest, Latest News
13 Jun 2023

  LAHORE, June 13 (EW): A 5.6-magnitude earthquake jolted Lahore, Islamabad, Peshawar, and other cities on Tuesday afternoon, prompting people to rush out of their offices and homes. No loss of life has been reported. In Punjab, the tremors were felt in Shakar Garh, Chichawatni, Sialkot, Mandi Bahauddin, Rawalpindi, Jhelum, Hafizabad, Zafarwal and Murree. The quake also hit Khyber Pakhtunkhwa’s …


Sindh drafts in army for cyclone evacuations

By Editor Economic Watch
in :  Latest, Latest News
13 Jun 2023

  KARACHI: Even though the eye of the storm is likely to miss Karachi and parts of Balochistan, the Pakistan Meteorological Department (PMD) said on Monday that the intensity and severity of Biparjoy remained intact, and it is expected to make landfall on June 15. The Sindh government has begun gearing up for the looming civic crisis in the southern …


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