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Pakistan knocks at IMF door to avoid default
After weeks of dilly-dallying, Pakistan on Monday announced approaching the International Monetary Fund (IMF) for a bailout package aimed at avoiding default on international debt obligations and restoring confidence among the investors.
“After taking into account the current situation and consultation with leading economists, the government has decided to approach the IMF for a bailout program... |
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Pakistan conducts successful launch of Ghauri missile system
Pakistan on Monday successfully conducted a training launch of the Ghauri Missile System, said the army’s media wing.
According to the Inter-Services Public Relations (ISPR), the launch was carried out by the Army Strategic Forces Command (ASFC) to test their operational and technical readiness.
The Ghauri Ballistic Missile can carry conventional and nuclear warheads up to a distance of 1,30... |
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No chance of NRO, won’t let corrupt off the hook: PM Imran
Ruling out any possibility of striking a deal similar to NRO, Prime Minister Imran Khan has vowed not to let those involved in corruption off the hook.
Addressing the first news conference after coming into power, the Pakistan Tehreek-e-Insaf (PTI) chief said that his government was being criticised for political victimisation of the opponents, but the National Accountability Bureau (NAB) is an... |
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CPEC being reviewed to safeguard rights of all Pakistanis, says PM Imran
Prime Minister Imran Khan has said that China-Pakistan Economic Corridor (CPEC) projects are being reviewed to safeguard rights of people of all provinces.
Chairing a provincial cabinet meeting in Quetta on Saturday, he vowed that Balochistan would be paid more than its due share in CPEC projects. Khan said he will remain in constant contact with the chief minister, provincial leadership and ot... |
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Saudi Arabia agrees to invest in new oil refinery in Pakistan's Gwadar
Saudi Arabia has agreed in principle to invest in a new oil refinery in Pakistan’s deep-water port of Gwadar, the petroleum minister said on Thursday.
The state-owned Pakistan State Oil (PSO) will partner with Saudi state oil giant Aramco on the project, Petroleum Minister Ghulam Sarwar Khan told reporters.
“They showed an interest to immediately invest in the refinery,” Khan said, describin... |
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Govt retains restrictions on non-filers as NA passes mini-budget
The National Assembly on Wednesday passed with a majority vote the Pakistan Tehreek-e-Insaf (PTI) led government’s first mini-budget, as the government conceded to demand to retain a ban on purchase of vehicles and property by non-filers of income tax returns except for certain categories.
While winding up the debate on the budget, Finance Minister Asad Umar also announced to impose penalties o... |
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King Abdullah awards Gen Qamar with Jordan's top military honour
The king of Jordan Abdullah II Ibn Al Hussainon has awarded Army chief Gen Qamar Javed Bajwa with ‘Order of the Military Merit’ in recognition of his services for improving bilateral defence and security relations.
“General Qamar Javed Bajwa has reached Jordan on a three-day visit,” the Inter-Services Public Relations (ISPR) said in a statement on Tuesday.
“Regional security situation and bi... |
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Pakistan hints willingness to bridge gap on ‘traitor’ Shakil Afridi
Foreign Minister Shah Mehmood Qureshi hinted that Islamabad may be willing to discuss the contentious issue of Dr Shakil Afridi which has plagued bilateral relation between the two countries.
“Openings are always there,” said the foreign minister in an interview with Fox News.
Afridi, hailed as a ‘hero’ by the US security establishment for his role in the raid by US special forces that kille... |
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FM exposes India as state sponsor of terror
Reacting strongly to Indian External Affairs Minister Sushma Swaraj’s verbal attack on Pakistan, Foreign Minister Shah Mehmood Qureshi on Saturday said that the neighbouring country rejected the Pakistani offer of resuming peace talks on ‘flimsy grounds’.
Addressing the 73rd United Nations General Assembly (UNGA) session in New York, Qureshi also blamed India for exporting terrorism to Pakistan... |
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Govt to go after 100 tax dodgers
The federal cabinet on Thursday decided to mount a robust campaign to pursue big tax defaulters in order to net the much-need cash for the kitty.
In another major decision, the cabinet decided to formulate a comprehensive policy for a permanent solution of the issue of nearly 2.5 million registered and illegal Afghan refugees living in Pakistan till June 2019.
While discussing the ongoing re... |
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