Gulbar Khan elected new GB chief minister By: Web Desk on July 13, 2023Gulbar Khan, the leader of the Pakistan Tehreek-e-Insaf’s (PTI) forward bloc, was elected Gilgit-Baltistan’s new chief minister on Thursday. In the days leading up to the appointment, the election process was marred by controversy. As three other candidates withdrew their nominations, leaving only 20 members in the house, Gulbar emerged as the uncontested choice for […]
Dar says Saudi Arabia has deposited $2bn in SBP account By: Web Desk on July 11, 2023Saudi Arabia deposited $2 billion in the State Bank of Pakistan (SBP), according to Finance Minister Ishaq Dar, just days after Islamabad reached a staff-level agreement with the International Monetary Fund (IMF) on a $3 billion Stand-By Arrangement. “SBP has received a deposit of $2 billion from the Kingdom of Saudi Arabia,” Dar said at […]
PM’s son Suleman Shehbaz, others acquitted in money laundering case By: Web Desk on July 10, 2023Suleman Shehbaz and others accused in a money laundering case have been acquitted by a special central court, which is a major relief for Prime Minister Shehbaz Sharif’s son. Suleman Shehbaz, who had previously traveled to Pakistan after years in exile, had filed acquittal petitions, and Judge Bakht Behzad announced the verdict. The judge stated […]
IMF to seek assurances from political parties on bailout programme By: webdesk on July 7, 2023The International Monetary Fund (IMF) is seeking the support of major political parties, including Pakistan Tehreek-e-Insaf (PTI), for a recently announced $3 billion bailout programme. The IMF’s resident representative Esther Perez Ruiz said in a statement that the meetings with political parties were to “seek assurances of their support for the key objectives and policies […]
India should benefit from CPEC, avoid creating hurdles: PM By: APP on July 5, 2023Prime Minister Shehbaz Sharif has urged arch-rival India to take benefit of the multibillion-dollar China-Pakistan Economic Corridor (CPEC) infrastructure project instead of creating hurdles in its way. The premier said this in a statement on Wednesday to mark the completion of 10 years of CPEC. Highlighting the significance of the project, he said Iran, Afghanistan, […]
Toshakana case not maintainable: IHC By: Web Desk on July 4, 2023The Islamabad High Court (IHC) ruled on Tuesday that the Toshakhana case against Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan was not maintainable. The verdict on the PTI chief’s petition to have the case declared inadmissible was reserved by Chief Justice Amir Farooq of the federal capital’s top court on June 23. On May 10, Khan […]
PSX surges 5.38% after Pakistan secures IMF lifeline By: webdesk on July 3, 2023The Pakistan Stock Market (PSX) spiked over 2,000 points on Monday, as investors’ confidence is revived after the signing of a staff-level agreement between Pakistan and the International Monetary Fund (IMF) programme on Friday. The index opened in the green zone and remained positive throughout the session before the trading was halted for an hour […]
No civilian under trial in military courts, AGP tells SC By: webdesk on June 27, 2023Attorney General for Pakistan (AGP) Mansoor Usman Awan on Tuesday informed the Supreme Court that no civilian was being tried in military courts at the moment. The AGP made the claim during the hearing of the petitions filed against the trial of civilians in military courts. Chief Justice of Pakistan (CJP) Umar Ata Bandial had […]
PM leaves for France to participate in New Global Financing Pact Summit By: webdesk on June 21, 2023Prime Minister Muhammad Shehbaz Sharif on Wednesday left for France to attend the New Global Financing Pact Summit in Paris. The prime minister is paying his official visit to France on the invitation of French President Emmanuel Macron. The Global Financing Pact Summit will be a forum for discussion and consultation on changes in the […]
More Pakistanis dead, as death toll in Greece boat tragedy further rises By: Web Desk on June 20, 2023The number of Pakistani migrants who died in the horrific shipwreck last week increased as authorities found more bodies and the likelihood of rescue dwindled. Following the tragic incident, Greek authorities are still finding bodies because the actual death toll is believed to be in the hundreds, making it one of the deadliest of its […]