ISLAMABAD: Finance Minister Muhammad Aurangzeb has stated that Pakistan is on track to secure a new loan from the International Monetary Fund (IMF), adding that the money lender had been “very receptive in terms of agreeing to consider a larger, longer programme”. He made the remarks in an interview with The National published on Monday. The finance minister and his team were …
ISLAMABAD: The ruling PML-N on Monday emerged victorious in by-elections held on 21 national and provincial seats, according to provisional results released by the Election Commission of Pakistan (ECP). On Sunday, by-polls were held across the country amid allegations of “record rigging”, temporary suspension of cellular services in specific districts of Punjab and Balochistan and multiple incidents of violence, leading to the death of a …
ISLAMABAD: In a groundbreaking move for luxury living in Islamabad, One Homes is excited to announce its latest collaboration with Bernardo Hair & Co. (BCO London) for its prestigious development, nestled in the serene Cedar Hills. This development is setting new benchmarks in luxury living, combining opulent amenities with breathtaking natural landscapes. BCO London, located in the chic Marylebone area …
ISLAMABAD: Three months after the two countries were on the verge of a major conflict, Pakistan and Iran on Monday decided to strengthen economic and security cooperation by setting a $10 billion bilateral trade target and jointly fighting the menace of terrorism. The understanding between the two neighbours was reached after formal talks between Iranian President Ebrahim Raisi and Prime …
LAHORE: The Pakistan Tehreek-e-Insaf (PTI) has announced nationwide protests while condemning Sunday’s by-elections held across the country, branding them as fraudulent. In a joint press conference held on Monday at the PTI Central Secretariat, PTI Secretary General and Leader of the Opposition in the National Assembly, Omar Ayub Khan, alongside Sunni Ittehad Council (SIC) Chairman Sahibzada Hamid Raza, vehemently criticised …
ISLAMABAD: PTI Senator Shibli Faraz was appointed the new opposition leader in the Senate on Monday. Former prime minister and PTI founder Imran Khan had nominated Faraz for the position last week and he was widely seen to take the role with the endorsement of 21 senators. According to a notification issued by the Senate Secretariat Faraz was appointed under Rule 16 …
NAROWAL: During the by-elections for PP 54 in Narowal on Sunday, one person died after being struck on the head with a stick in election-related violence. Clashes were reported between the workers of Pakistan Muslim League-Nawaz (PML-N) and Pakistan Tehreek-i-Insaf (PTI) at over two dozen polling stations. The PML-N had fielded Ahmed Iqbal for the by-poll while Owais Qasim was …
ISLAMABAD: ROEDAD Khan, a veteran bureaucrat who witnessed history from multiple perches and served several rulers — from General Ayub Khan to Nawaz Sharif — passed away on Sunday at the age of 101. Born in Mardan in pre-partition India, Mr Khan had celebrated his 100th birthday on September 23, last year. His passing was announced by prominent politician and relative, Mushahid …
WASHINGTON: Finance Minister Muhammad Aurangzeb has stated that the process of privatising PIA will be finalised by the end of June or early July, with Islamabad airport potentially following suit shortly after. “The government has no business being in business,” the minister declared at a Saturday afternoon news briefing, explaining the government’s plan to divest from state-owned enterprises (SOEs). “We …
ISLAMABAD: In the run-up to the finalisation of the federal budget for 2024-25, the Ministry of Finance has asked all ministries, divisions, departments, and self-governing entities to surrender by May 15 the funds that they think cannot be utilised within the current fiscal year, ending June 30, 2024. Under the Public Finance Management Act (PFMA) of 2019, all entities established …