Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan, who was handed down a 14-year jail sentence in the Toshakhana case along with his wife Bushra Bibi a day earlier, said that verdicts against them were coming from “elsewhere” and their “puppets” were merely announcing them. The verdict came just a day after a special court, established under the Official Secrets Act, awarded Khan …
Inflation, measured by the Consumer Price Index (CPI), surged by 28.3 per cent year-on-year in January, according to data released from the Pakistan Bureau of Statistics (PBS) on Thursday. This is the last monthly CPI data before the general elections due on Feb 8 and comes as the country undertakes reforms linked to a $3 Billion Standby Agreement with the International …
Security forces killed two terrorists, including a “high-value target (HVT)”, during an intelligence-based operation (IBO) in Khyber Pakhtunkhwa’s Dera Ismail Khan district on Thursday, according to the military’s media wing. A press release issued by the Inter Services Public Relations (ISPR) said the IBO was conducted based on the reported presence of terrorists. “During the conduct of operation, intense fire exchange took …
The China-Pakistan Economic Corridor (CPEC) holds the potential to assist Pakistan in revitalising its economy and setting the stage for sustainable development. Following the successful completion of the first phase, CPEC has now entered its second phase. The long-term document of CPEC outlines industrialisation and agricultural cooperation as driving forces during this stage – fortunately, these align with Pakistan’s current …
After the Election Commission of Pakistan (ECP) barred the caretaker government from moving ahead with its controversial plan to restructure the Federal Board of Revenue (FBR), caretaker Finance Minister Shamshad Akhtar said the restructuring roadmap approved by all stakeholders will be ‘operationalised’ by the elected government. The caretaker minister revealed this plan during a televised address after the federal cabinet …
The European Union has raised concerns that Hong Kong’s plan for a new national security law may weaken the city’s freedoms, with business leaders calling for greater clarity. City leader John Lee on Tuesday unveiled a legislative proposal that would introduce new categories of security crimes — on top of an existing national security law imposed by Beijing in 2020. Lee said …
The Lahore High Court (LHC) on Wednesday directed the Pakistan Electronic Media Regulatory Authority (Pemra) to ensure that former prime minister Imran Khan as well as the candidates of all political parties were given “free and unrestricted” access to media ahead of the forthcoming February 8 general elections. The order was passed by Justice Shams Mehmood Mirza on a petition …
LAHORE: Embarking on a new era of opulent living, One Home, Pakistan’s leading luxury developer, is unveiling an extraordinary promotion for discerning homeowners. Elevate your lifestyle by buying an apartment with One Homes and get a prestigious Mercedes in your driveway. This unparalleled offer, available for a limited time until February 29th, 2024, sets a pioneering benchmark in the landscape …
ISLAMABAD: Pakistan and Dubai on Thursday inked two agreements worth over $3 billion on cooperation in railways, economic zones and infrastructure projects. According to an official press release, the inter-governmental framework agreements were signed to strengthen relations in the marine and logistics sectors, including the establishment of a dedicated freight corridor and economic zone near Karachi. “The rail-based dedicated freight …
KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves fell below $7 billion for the first time in the current fiscal year, posing challenges for the government to stabilise the exchange rate and meet debt servicing obligations. The SBP on Thursday reported a $136 million decline in reserves to $6.904bn due to debt repayments. This outflow of dollars brought …