ISLAMABAD (EW) – The caretaker government on Tuesday increased the price of petrol by Rs17.50 per litre, taking the price to record high of Rs290.45 per litre, Dunya News reported. The petrol price is now unprecedented in the history of the county, taking the inflation to an upward trajectory. Other than that, the price of high speed diesel was also increased …
ISLAMABAD: An anti-terrorism court in Islamabad cancelled the bail of former prime minister and Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan in three cases on Tuesday. ATC Judge Abul Hasnaat Zulfiqar announced the reserved verdict, which said that Imran’s bail is being cancelled due to his absence from court. The PTI chief had sought bail in two cases lodged against him …
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 …
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 …
Today (Wednesday) is most likely the last day of the coalition government as Prime Minister Shehbaz Sharif is all set to write to President Arif Alvi for the dissolution of the National Assembly. The government will dissolve the lower house of the parliament earlier than its constitutional term (which ends on August 12) as it seeks to extend the time …
