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PM Khan says he is done seeking dialogue with India

ISLAMABAD: Prime Minister Imran Khan has said he is done seeking dialogue with India after repeated rebuffs from the Modi government at his efforts for peace and negotiation. While giving an interview to the New York Times, the premier expressed his frustration at the attitude of the Indian officials. PM Khan said, “there is no point in talking to them....

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IMF, Pakistan reach agreement over $6 BN bailout package: Shaikh

ISLAMABAD: Adviser to Prime Minister on Finance and Economic Affairs Dr Abdul Hafeez Shaikh announced on Sunday that Pakistan and the International Monetary Fund (IMF) has finalised an agreement on a $6 billion bailout package. Speaking on the state TV channel, Shaikh said Pakistan would receive the package for a period of three years, as per the agreement. In the...

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Pakistan seeks assistance from friendly countries in easing IMF conditions

ISLAMABAD: For Pakistan, the acquisition of the 22nd bailout package has become a difficult task to accomplish. The global money lender urges to do more while Pakistan says provide relief more. According to the reports, final round of talks between the International Monetary Fund (IMF) and Pakistan's ministry of finance held on Sunday as Pakistan remained unable to get more...

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Security forces concluded clearance operation in PC Gwadar: ISPR

RAWALPINDI: Security forces concluded the clearance operation in Pearl Continental Gwadar, the Pakistan Army media-wing Inter-Services Public Relations (ISPR) said on Sunday. According to ISPR, three terrorists were killed in the operation while on Pakistan Navy soldier among four hotel staff personnel embraced martyrdom during the operation. Two Pakistan Army Captains among six people were injured during the operation, added...

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Gwadar Attack: Security guard embraces martyrdom, hotel guests safe

QUETTA: Gunmen attacked a hotel in Pakistan's southwestern port city of Gwadar on Saturday and were battling security forces while helicopters circled overhead, officials said. The hotel security guard tried to put up a fight against the assailants and embraced martyred during his efforts. One official, who spoke on condition of anonymity because he was not authorized to talk to...

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PM Imran wary over passing IMF’s strict demands to people, summons meeting on Monday

ISLAMABAD: Prime Minister Imran Khan has summoned a meeting on Monday to be briefed on economic affairs including talks with the International Monetary Fund (IMF) and the amnesty scheme. Talks between the Government of Pakistan and the IMF will continue over the weekend. The two sides held talks in the federal capital on Friday after which the Finance Ministry said...

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Pakistan strikes deal with IMF as $7.5 BN bailout package finalised

ISLAMABAD: The Ministry of Finance announced on Friday that the federal government and the International Monetary Fund (IMF) have finalised a staff-level agreement of a $7.5 billion bailout package for a three-year duration. The bailout package was finalised with "tough" conditions levied by IMF, according to a ministry of finance notification issued today. Positive developments occurred between Pakistan and IMF...

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Withdraw of tax concessions, hike in power tariffs: Pakistan close to agree IMF proposed bail out package

ISLAMABAD: According to the Ministry of Finance sources which revealed on Friday that the federal government and the International Monetary Fund (IMF) are close to finalising a staff-level agreement expected to range between $6-7 billion, Both the sides are expected to hold the last round of talks today in which the proposed bailout package would be finalised. The loan amount...

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Break of Official Silence: FO confirms about Asia Bibi leaving Pakistan, calls her a free citizen

ISLAMABAD: On Thursday, after a break of official silence, the foreign office of Pakistan confirmed that Asia Bibi has left Pakistan and is settled in another country. During a weekly presser, the foreign office spokesman, Dr. Faisal stated that "Asia Bibi is a free citizen and hence she can go anywhere she likes." Earlier it was reported that Asia Bibi...

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Illegal Encroachment Case: SC slams Saeed Ghani, issues contempt of court notice

KARACHI: The Supreme Court of Pakistan, on Thursday dismissed the report submitted by the Attorney general Sindh in the Illegal Encroachment Case at the metropolis, Karachi. Headed by Justice Gulzar Ahmed, the apex court bench took the notice of Local Government's Minister, Saeed Ghani's statement for not following the court's order in razing illegal encroached buildings. "Do they want to...

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Data Darbar Attack: Condemnation pours in from PM, President, CM Punjab and Shehbaz

LAHORE:  10 people including three police officials embraced martyrdom and scores injured in a suicide blast outside the Data Darbar shrine in Lahore on Wednesday morning, authorities said. The blast targetted a van carrying the Elite Force of Punjab Police, according to the police report. Inspector-General Punjab Police Captain (retd) Arif Nawaz Khan confirmed the attack targetted the police force and said...

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Ramazan comes with cost as prices of every essential item sees a rapid rise in Pakistan

KARACHI: This year, consumers once again brace for a costlier Ramazan as prices of almost all essential items including meat, ghee, cooking oil, flour, onion, chicken, and fruits have seen a rapid increase during the last few weeks. According to a media report, meat sellers have increased prices by Rs20-50 per kg — depending on the localities as retailers, previously...

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Fake Accounts Case: NAB summons Asif Ali Zardari on May 9th

ISLAMABAD: Former President, Asif Ali Zardai has been summoned by the National Accountability Bureau (NAB) in the fake accounts case on May 9. According to sources, NAB has prepared another reference in the fake accounts case and has summoned the former president for questioning. The sources moreover added that Zardari has been called in the Harish and Company case and...

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Fawad Chaudhry raises question on spending millions on Ruet-e-Hilal committee

ISLAMABAD: On Monday, federal minister for Science and Technology Fawad Chaudhry once again questioned the wisdom in spending large sums of money on moon sighting every year, saying that the Ruet-e-Hilal committee should carry out the sighting voluntarily. In his latest criticism of the Ruet-e-Hilal committee, the minister said up to Rs4 million are spent on the moon-sighting procedure every...

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Moon not sighted: Ramzan from May 7th Tuesday

KARACHI: The Ramzan moon was not sighted in Pakistan on Sunday evening, hence the first day of the holy month would be observed on Tuesday, on May 7. The Central Ruet-e-Hilal Committee, with Mufti Munib-ur-Rehman presiding, met on Sunday in Karachi for the sighting of the moon of Ramzan-ul-Mubarak. An official of the Ministry of Religious Affairs and Interfaith Harmony...

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PM Khan performs groundbreaking of Al-Qadir University in Sohawa

SOHAWA: Prime Minister Imran Khan on Sunday performed groundbreaking of the Al-Qadir University at Sohawa. Speaking at the event, PM said nations whose ideology dies diminishes and in 1971 ideology of Pakistan weakened and the country was divided. PM said previous rulers buried the thought behind the formation of Pakistan and we have to return to our ideology. PM said...

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IMF official DR Reza Baqir appointed as SBP’s governor

ISLAMABAD: On Saturday,the federal government appointed Dr Reza Baqir – a Pakistani economist working for the International Monetary Fund (IMF) – as the governor of the State Bank of Pakistan in the bacdrop of Islamabad seeking to finalise a bailout package from the global lender. According to the notification issued issued late Saturday night, "The President of Pakistan is pleased...

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