KARACHI: The State Bank of Pakistan has partnered with the International Finance Corporation (IFC), the private sector arm of the World Bank Group, to expand local currency financing and support private sector growth in Pakistan. The agreement, signed under the International Swaps and Derivatives Association (ISDA) framework, will enable the International Finance Corporation (IFC) to manage currency risks more effectively …
PESHAWAR: Khyber Pakhtunkhwa Chief Minister Sohail Afridi on Monday claimed that the resurgence of terrorism being witnessed in the province was due to the “flawed policy” of the federal government. The PTI, which has been in power in KP since 2013, opposes military operations, which are also resisted by tribal people as they often lead to displacements. Although the federal …
LAHORE: Prime Minister Shehbaz Sharif met his elder brother, PML-N President Nawaz Sharif, on Sunday to discuss key national and international issues. Party officials said Punjab Chief Minister Maryam Nawaz also joined the meeting, where subjects such as the ongoing talks with Afghanistan, a crackdown against the TLP, as well as the forthcoming local government polls in Punjab also came …
ISLAMABAD: A high-level meeting, chaired by Prime Minister Shehbaz Sharif, was informed on Friday that as of October 16, a total of 1,477,592 Afghan nationals have been repatriated and the government will grant no further extension. A drive to expel more than 1.3 million Afghan nationals with Proof of Registration (PoR) card holders, the last category of refugees legally living …
ISLAMABAD: In an apparent bid to capitalise on the bad blood between the two coalition partners, PTI Secretary General Salman Akram Raja on Tuesday announced that his party would support any move for the ouster of the government, including no-confidence motion. Addressing a press conference alongside with Dr Babar Awan and other party lawyers, Mr Raja said he had no …
ISLAMABAD: Pakistan and Malaysia have called for an immediate, unconditional and permanent ceasefire in Gaza, an end to the blockade, the protection of all civilians, and the unimpeded flow of humanitarian assistance to those affected. The two sides reiterated these demands during Prime Minister Shehbaz Sharif’s visit to Malaysia. Also on Tuesday, the International Islamic University of Malaysia (IIUM) conferred an honorary …
ISLAMABAD: Additional District and Sessions Judge Muhammad Afzal Majoka on Tuesday extended the pre-arrest bail of former prime minister Imran Khan, his wife Bushra Bibi, and six other party leaders till October 28, while issuing a show-cause notice to Adiala Jail authorities for not producing the former prime minister before the court. During the hearing, the judge expressed displeasure over …
SHIKARPUR: Four bogies of the Jaffar Express derailed following an explosion on the track near the town of Humayoon, in the Shikarpur district, injuring seven passengers on Tuesday morning. Railways Minister Hanif Abbasi alleged foreign involvement, stating that India was behind the repeated attacks on the Jaffar Express. He affirmed that railway operations would continue despite the incident. The train …
ISLAMABAD: The World Bank on Tuesday cut its growth forecast for Pakistan by half a per cent to 2.6 per cent for the current fiscal year due to the recent floods, which are also expected to push up inflation to 7.2 per cent. “For FY 2025/26, real GDP growth is projected to remain around 2.6pc, as ongoing catastrophic floods have …
ISLAMABAD: A high-level business delegation from Saudi Arabia, led by the Chairman of the Saudi-Pakistan Joint Business Council Prince Mansour bin Mohammad Al Saud, has arrived in Islamabad to discuss trade, investment, and collaboration, the Foreign Office (FO) said today. The development follows Pakistan forming an 18-member committee to oversee bilateral economic engagements and negotiations with the Kingdom. Last month, …