Pakistan can have only one remaining board review under the current bailout package of the International Monetary Fund (IMF) before its budget is unveiled on June 9, itself a step towards a successful review, a Fund official said on Thursday. “To pave the way for a final review under the current EFF, it is essential to restore the proper …
Pakistan Tehreek-e-Insaf (PTI) senior leader Pervez Khattak announced stepping down as the party’s Khyber Pakhtunkhwa chapter president late Thursday. Addressing a press conference in Islamabad, the PTI stalwart said it was difficult for him to continue serving as the party’s KP chapter president amid the prevailing political crisis. Khattak said he would announce the future course of action after consulting …
ISLAMABAD, May 31 (EW): Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan Wednesday expressed confidence in his party’s popularity among the masses, saying he doesn’t need “electables” anymore. The former prime minister, currently facing a slew of legal challenges after being voted out of office, boasted that the PTI has the largest vote bank in the country. “If you have that …
ISLAMABAD, May 31 (EW): State Minister for Finance and Revenue Dr Aisha Ghaus Pasha on Wednesday censured the International Monetary Fund (IMF) over its “interference” in Pakistan’s internal matters, a day after the comments passed by a top official of the international lender. She described terming IMF Mission Chief for Pakistan Nathan Porter’s statement — regarding the political situation …
LAHORE: Power outages continue despite a reduction in demand for electricity owing to the city’s relatively pleasant weather, as Lahore Electric Supply Company (Lesco) has formally begun four-hour-long loadshedding in the city, The News reported. There will be outages for two hours a day of one hour each for consumers of Category I and II, according to the latest Load Management Programme, where …
KARACHI: In order to provide relief to the inflation-weary people ahead of the upcoming federal budget 2023-24 — expected to be announced on June 9 — the government is likely to reduce the price of petroleum products, industry officials told The News. The price of petrol is expected to go down by Rs10 per litre effective from June 1 …
As speculations are on the rise over the International Monetary Fund (IMF) programme, the lender asserted that it is in touch with Pakistan’s authorities to pave the way for a board meeting before the financing programme expires at the end of June, Reuters reported. A board meeting on a review of the programme usually requires a prior staff-level agreement — which will also …
LAHORE (EW): Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Tuesday decided not to appear before a joint investigation team (JIT) in cases related to the incidents of violence and arson at Jinnah House (Corps Commander residence) and Military Tower. The JIT, headed by DIG Kamran Adil, has summoned the former prime minister, whose party was hit be massive resignations following …
LAHORE: The Punjab Police may launch a “grand operation” to arrest the “terrorists” allegedly holed up in Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan’s Zaman Park residence, sources told Geo News. According to the police, all roads leading towards Zaman Park have been blocked and a heavy contingent of law enforcement is in the area. The Punjab government had given a …
ISLAMABAD, May 18 (EW): Health activists urged the government to remain steadfast on its decision of increasing tobacco taxation in order to generate more revenue for the national exchequer. During an event organized by Society for the Protection of the Rights of the Child (SPARC), health activists presented a Simulation Model on Tobacco Taxation which explained how increased tobacco …
