Page 116 - Pakistan

Their valuations lowest in a decade, top Pak firms join share buyback trend

Pakistan took the crown for Asia's fastest inflation from Sri Lanka as a weaker currency and rising food and energy costs drove price gains to a record in April

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Pakistan's inflation outpaces Sri Lanka as Asia's fastest amid food crisis

Consumer prices rose 36.4% in April from a year earlier, the highest since 1964, according to data released by the statistics department Tuesday

Imran Khan's PTI will be 'ultimate loser' if talks on polls fail: Pak govt

Terming "impracticable" Imran Khan's demand that the National Assembly be dissolved by May 14 for a successful outcome of talks, Pakistan's ruling coalition has warned the former premier that his party will be the "ultimate loser" if the parleys failed as the polls can be delayed for a year. Ahead of the third round of talks between the Pakistan Muslim League (Nawaz) (PML-N)-led federal coalition and the PTI scheduled for Tuesday, the government told Khan that he cannot hold talks at gunpoint. "We want to tell Imran Khan that he cannot hold talks at gunpoint. The first condition of talks is, there are no pre-conditions. Khan is so desperate that he wants his way or the highway, PML-N Secretary General and Federal Minister for Development Ahsan Iqbal was quoted as saying by the Dawn newspaper. The federal coalition termed Khan's ultimatum "impracticable" and asked him to be more flexible for the success of this dialogue between the government and the opposition, the report said on ..

76 schools in Balochistan closed or occupied by Pakistani Army: Report

At least 76 schools in Balochistan province have been kept closed or were occupied by the Pakistani Army and turned into military posts, according to the report submitted by the Social Welfare Dept

Pak PM Sharif, Hina Khar's discussion on US-China tussle leaked: Report

US intelligence documents have been leaked on the Discord messaging platform revealing conversations between Pakistan Prime Minister Shehbaz Sharif and his junior Foreign Minister Hina Rabbani Khar on the foreign policy matters, according to a media report on Sunday. In one internal memo titled 'Pakistan's Difficult Choices', parts of which were published by the Washington Post on Sunday, Khar cautions that Pakistan should avoid giving the impression of "appeasing" the West, The Express Tribune newspaper reported. She warns that the country can no longer attempt to maintain a middle ground between regional neighbour China and the US. In the memo, Khar argues that preserving Pakistan's partnership with the US would ultimately sacrifice the full benefits of its "real strategic" partnership with China. The undated document does not specify how the US obtained access to Khar's memo, a report published by the Washington Post revealed. The leak of US intelligence documents, posted large

BJP govt gives free ration while Pak scrambles for wheat flour: UP min

Uttar Pradesh Deputy Chief Minister Brajesh Pathak on Sunday said while people are scrambling for food in Pakistan, the government here is distributing free ration to crores of people, all thanks to BJP. Addressing election rallies ahead of civic body polls, Pathak said, "With the efforts of Prime Minister Narendra Modi, the poor in the state and in the country are getting free houses and free ration, while at the same time, there is an outcry even for wheat flour in neighbouring country Pakistan." Pathak said that ever since the BJP has come to power in the state and in the country, the pace of development has increased significantly. "There are no goons and mafia in the state, as the Yogi Adityanath government has broken their back," Pathak said. The BJP leader also accused the Congress-led UPA government of being deep in corruption, pointing out some of its ministers had even been sent to jail. "The image of India in the world then had become that of a corrupt country. After Mo

Pak President Alvi returns bill seeking amendments to anti-corruption laws

Pakistan President Dr Arif Alvi on Sunday returned a bill to the parliament about changes in the anti-corruption laws with observation that a similar previous amendment was challenged in the Supreme Court and was still sub-judice. The bill called the National Accountability (Amendment) Bill, 2023 was passed earlier this month by the parliament and it was sent to President Alvi for his endorsement to become an act. The bill not only empowers the National Accountability Bureau (NAB) chief to transfer corruption cases involving allegations of less than Rs500 million to the relevant agency, authority or department but also to close down pending inquiries and investigations. "The president sent back the bill to Parliament under Article 75 (president's assent to bills) of the Constitution, the President's Office said in a tweet. It added that the President stated that previous amendments to the NAB law were already under hearing in the Supreme Court and any more changes in the ...

Pakistan's efforts for peace should not be seen as weakness: Pak Army chief

Pakistan Army chief General Asim Munir said on Saturday that the armed forces were fully capable of defending the country, and its "efforts for peace should never be taken as a sign of weakness. Munir was addressing the passing out parade of cadets at Pakistan Military Academy (PMA) Kakul, in the Abbottabad district of Khyber Pakhtunkhwa province. Asserting that Pakistan wants peace in the region and with its neighbours, the Army chief warned that our efforts for peace should never be taken as a sign of weakness. We have the will, capability and capacity to protect our sovereignty and territorial integrity, and we are well aware of the ways and means to do it," the Chief of Army Staff (COAS) said. He added that the Armed Forces would never shy away from any sacrifice to stabilise, secure and safeguard the future of the next generations. "I assure the people of Pakistan that we will never hesitate in rendering any and every sacrifice necessary for the defence of our sacred motherla

Economic uncertainty in Pakistan shrinks Eid-related spending by 40%

Online shopping, however, partially made up for the decline in sales

Pakistan urges US to restore military financing, sales suspended by Trump

Since the US withdrawal from Afghanistan, the US-Pakistan relationship has been stuck in a prolonged period of uncertainty

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Pak court dismisses Imran Khan's petitions against anti-corruption agency

A top court here has dismissed the petitions filed by ousted prime minister Imran Khan and his wife Bushra Bibi against the National Accountability Bureau (NAB) call-up notices in the Toshakhana corruption case. A two-member Islamabad High Court bench comprising Chief Justice Aamer Farooq and Justice Babar Sattar on Thursday declared the petitions ineffective, The News International reported.

Locals sheltered terrorists, weapons came from Pak via drones: J&K DGP

Jammu and Kashmir Police on Friday claimed that the terror plot in last week's Poonch ambush has been uncovered and six locals have been arrested for sheltering the terrorists before they carried out the attack on an army vehicle using explosives and weapons that came from Pakistan through drones. Director General of Police Dilbag Singh said the April 20 attack was a well-planned one and executed by three to five terrorists. They first did a recce of the area, understood the terrain and then chose the spot of attack. He said over 200 people have being questioned till now and the operation to neutralise the terrorists involved in the attack is on. "Six persons (of a module) have been arrested. They include those who have provided material (weapons, ammunition, explosives) to the terrorists besides shelter and food and guided them from one to another place," Singh told reporters during a visit to Rajouri district. "We are getting clues during questioning. We are working on that," he

Pakistan's former PM Imran Khan gets protective bail in mutiny case

A top court here on Friday granted protective bail till May 3 to Imran Khan in a mutiny case registered against the former Pakistan prime minister. Manzoor Ahmed Khan, a magistrate, earlier this month filed a first information report (FIR) at Islamabad's Ramna police station against the ousted prime minister for spreading hatred between the institutions and the public and for trying to cause unforgivable damage to the institutions and their top officers. The FIR was registered under Sections 138 (abetment of the act of insubordination by soldier, sailor or airman), Section 500 (punishment for defamation), and Section 505 (statements conducing to public mischief) of the Pakistan Penal Code (PPC). The FIR stated that the cricketer-turned-politician in a speech from his Zaman Park residence in Lahore on March 19 made several allegations against a senior officer of the Inter-Services Intelligence (ISI) and allegedly conducted a character assassination. Khan earlier today filed for bail

BSF intercepts Pak drone in Gurdaspur sector, forcing it to return

The Border Security Forces (BSF) on Friday intercepted a drone infiltrating from Pakistan in Punjab's Gurdaspur sector by firing at it forcing it to return,officials said

Violence against minorities rising, says Pak Human Rights Commission

In its flagship annual report State of Human Rights in 2022, released earlier this week, the HRCP expressed concern over the political and economic turmoil of last year

Chinese premier vows support to cash-strapped Pakistan in talks with Sharif

China's new Premier Li Qiang on Thursday held talks with his Pakistani counterpart Shehbaz Sharif and voiced support for cash-strapped Pakistan in maintaining financial stability, and hoped that Islamabad will continue to create a favourable environment to guarantee the safety of Chinese institutions and personnel working in the country. Noting China and Pakistan are good neighbours, friends, partners and brothers, Li said that both sides should maintain high-level exchanges and promote greater progress in bilateral relations and cooperation in various fields, the state-run Xinhua news agency reported on the telephonic talks. Li, who assumed charge as Premier in March, also said, "China supports Pakistan in maintaining financial stability, and hopes that Pakistan will continue to create a favourable environment so as to guarantee the safety of Chinese institutions and personnel in Pakistan." He was referring to frequent terror attacks on Chinese personnel and projects in Pakistan ..

China's CPEC railway to Pakistan to cost $57.7 billion: Feasibility study

China's plan to build a railway link to Pakistan through the disputed Pakistan-occupied Kashmir (PoK) region could cost about USD 57.7 billion, according to an official feasibility study, which recommended the government to go ahead with the project for its strategic significance, despite heavy costs, a media report said on Thursday. The proposed 3,000-km railway, connecting Pakistan's port of Gwadar to Kashgar in China's Xinjiang Uygur autonomous region under the China-Pakistan Economic Corridor (CPEC), was assessed by scientists from the state-owned China Railway First Survey and Design Institute Group Co Ltd. India has protested to China over the USD 60 billion CPEC corridor as it is being laid through PoK. China's increasing number of projects in Pakistan with billions of dollars in loans raised concerns about the increasing indebtedness of Pakistan, which is reeling under a serious economic crisis. The CPEC is officially regarded as the flagship project of China's ...

Pak PM Shehbaz reiterates support for one China policy amid Taiwan tension

Pakistan on Thursday reiterated its support for China on the sensitive Taiwan issue as Prime Minister Shehbaz Sharif spoke to his Chinese counterpart Li Qiang in their first contact since the latter took charge in March. Shehbaz congratulated Li and reiterated Pakistan's "unstinting" support to Beijing's one-China policy, as well as its stance on Tibet, Xinjiang, Hong Kong, and the South China Sea, The Express Tribune newspaper, cited an official statement as saying. "As all-weather partners and close friends, Pakistan appreciated China's peaceful development as a positive factor of international peace and stability, and confident that China will continue to achieve milestones on its journey towards modernisation and rejuvenation," the Pakistani prime minister said. The Pakistani premier also thanked his Chinese counterpart for China's "principled position" on the disputed Jammu and Kashmir issue. Li, for his part, "praised Pakistan's support for China and reaffirmed his country's