Page 126 - Pakistan

Pakistan's CPI jumps 31.5%, retail inflation highest in 49 years

Pakistan's annual inflation, measured by the Consumer Price Index (CPI), soared to a record high of 31.55 per cent in February, compared to 27.6 per cent in the previous month

Pakistan has no food for its poor but purchases weapons, shows report

While Pakistan's citizens are queuing up for wheat flour, pulses and medicines, the Generals have usurped a major part of the Budget for new weapons, reported Afghan Diaspora Network (ADN)

Toshakhana case: Pak Court issues arrest warrant against Imran

An Islamabad sessions court hearing the Toshakhana case against PTI chief Imran Khan issued non-bailable arrest warrants against him over persistent absences, Pakistan-based Dawn newspaper reported

DHL suspends operations in Pak amid restrictions on outbound remittances

DHL, a global logistics company announced the suspension of some of its operations partially in Pak due to the govt's restrictions on outbound remittances, Pakistan-based Dawn newspaper reported

Pak accepts more IMF condition, agrees to increase rate by 200 basis points

The decision by Pakistan authorities will push the interest rate to 19 per cent, just below the previous record of 19.5 per cent set in October 1996, The Express Tribune reported

DRDO official arrested for passing info to Pak spy sent to 4-day remand

According to the police, the Balasore police applied for remand of five days in Balasore court for further investigation of the incident. But the Court granted permission to remand him for four days

Nikki Haley pledges to cut billions in aid to Pak, other US adversaries

According to Haley, America spent USD 46 billion on foreign aid last year. That's more than any other country by far. Taxpayers deserve to know where that money is going and what it's doing

Pakistan govt halts clearance of bills, salaries amidst economic crisis

The cash-strapped Pakistan government has directed the accountant general to cease the clearing of bills, including salaries, owing to the current economic crisis, according to a media report on Saturday. The Ministry of Finance and Revenue also instructed the Accountant General of Pakistan Revenues (AGPR) to halt the clearing of all the bills of the federal ministries/divisions and attached departments until further notice, The News International quoted official sources as saying. The newspaper reported that the operational cost-related releases faced difficulties mainly due to the economic hardship facing the country. Pakistan's foreign exchange reserves, which fell to a critically low level of USD 2.9 billion a few weeks ago, have now risen closer to USD 4 billion, even as the country eagerly waits for the USD 1.1 billion tranches of funding from the International Monetary Fund (IMF). Minister for Finance Ishaq Dar, who was contacted for a comment by the newspaper, said it might

Cash-strapped Pak receives funds worth $700 mn from China Development Bank

Pakistan Finance Minister Ishaq Dar on Friday said that the State Bank of Pakistan (SBP) has received $700 million from China Development Bank (CDB)

India can send wheat to Pak to avert food crisis: RSS leader Krishna Gopal

Rashtriya Swayamsevak Sangh (RSS) joint general secretary Krishna Gopal has said that India is in a position to send wheat to Pakistan to avert the food crisis in the neighbouring country

Pakistan-Afghan border crossing shut after brief reopening: Officials

Pakistan shut down a key border crossing with Afghanistan just hours after it was reopened on Thursday, officials said, the latest twist in the controversial closure of the Torkham junction that started earlier this week. The issue of the crossing, a key trade route for both Afghanistan and Pakistan, has added to increasing tensions between the two countries, which share a troubled and volatile boundary. Afghanistan's Taliban rulers on Sunday closed the crossing, claiming Islamabad was not abiding by an agreement with Kabul to allow Afghan patients and their caretakers to cross into Pakistan without travel documents for medical care. On Monday, Afghan Taliban forces and Pakistani border guards exchanged fire, which wounded a Pakistani soldier. On Wednesday, Pakistan's defence minister, Khawaja Mohammad Asif, and secret service chief, Lt. Gen. Anjum Nadeem, travelled to Kabul and met senior Taliban officials to discuss the border issue. On Thursday morning, Torkham was reopened by .

No country can come out of difficulties if basic industry is terrorism: EAM

He also stated that it is in nobody's interest that any country least of all a neighbouring country get into severe economic difficulties

Robust US-Pak trade relationship is more important than ever: US Official

A robust US-Pak relationship is more important than ever to bolster the economy of Pakistan, which is recovering from devastating floods, the Biden Administration has said. Speaking at the daily news conference, State Department Spokesperson Ned Price told reporters said that the robust trade relations between the US and Pakistan is also providing business opportunities for the Americans. We believe that a robust trade relationship between the United States and Pakistan is more important than ever to bolster Pakistan's economic stability as it recovers from devastating floods, while at the same time also providing opportunity to Americans and to American businesses in this country, exposing them to new markets, Pakistani markets in this case, State Department Spokesperson Ned Price told reporters at his daily news conference. A delegation of Pakistani officials is here in town for the Trade and Investment Framework Agreement Council ministerial meeting, which was Co-chaired by US ..

Pak provides safe havens to terrorists and does so with impunity: India

Indian Counsellor Pratik Mathur said, "I am taking the floor to say that India chooses this time not to respond to Pakistan's mischievous provocations"

Pak PM underscores importance of cooperation as he meets US delegation

Prime Minister Shehbaz Sharif on Thursday highlighted the significance of long-standing cooperation with the US and the need to make this partnership diverse and multidimensional. He was talking to a six-member US Senate delegation from the Democratic Party, led by Senate Majority Leader Senator Chuck Schumer that called on him. Other members of the delegation included Senators Maria Cantwell, Amy Klobuchar, Gary Peters, Catherine Cortez Masto, and Peter Welch. According to a statement by the Prime Minister's Office, the Prime Minister underscored the significance of long-standing cooperation between Pakistan and the US and the need to make this partnership diverse and multidimensional. He underlined that parliamentary exchanges between the two countries, as vibrant democracies, are vital to promoting understanding of each other's perspectives at the political level. The Prime Minister highlighted that Pakistan and the US celebrated 75 years of diplomatic relations last year and t

Afghanistan's Taliban reopen key trade route with Pakistan: Report

Afghanistan's Taliban rulers reopened a key border crossing with Pakistan on Thursday, allowing thousands of trucks carrying desperately needed food and other items to creep forward for the first time in days, officials said. The jam at the Torkham crossing between the two nations began to ease after Islamabad sent a high-level delegation to Kabul to discuss a range of issues, including the Taliban's closure of the border on Sunday. Taliban-appointed officials in Afghanistan's Nangarhar province confirmed the reopening of the Torkham border. The Afghan embassy in Pakistan also posted news of the reopening on Twitter. Thousands of vehicles, some carrying fresh produce like vegetables and fruit, began moving along the Khyber Pass in northwest Pakistan on Thursday, said Ziaul Haq Sarhadi, a director at the Pakistan-Afghanistan joint Chamber of Commerce and Industry. The latest development comes a day after Pakistani Defence Minister Khawaja Mohammad Asif made an unannounced visit to .

Afghan Taliban promises to help Pak address threat posed by TTP: Report

The Afghan Taliban leaders have promised to cooperate with Pakistan on its concerns about the presence of the Tehreek-i-Taliban Pakistan (TTP) militants and sanctuaries on their soil after Islamabad delivered a stark warning to them to rein in the outlawed outfit amid a rise in terror attacks across the country. The promise came during a day-long trip by a high-level Pakistani delegation led by Defence Minister Khawaja Muhammad Asif to Kabul on Wednesday, amidst the worsening of ties between the two neighbours over the issue, according to a media report. Pakistan's Foreign Office said the growing TTP and IS-K threat was discussed and the two sides agreed to collaborate to effectively address the threat of terrorism. The delegation included ISI Chief Lt Gen Nadeem Anjum, Foreign Secretary Asad Majid, Special Envoy on Afghanistan Muhammad Sadiq and Pakistan's charg d'affaires in Afghanistan Obaid Nizamani. The visit took place days after the TTP gunmen raided the police headquarters

Pak govt officers forced to contribute 50% of their pays for Turkey relief

Without any formal orders by the Pakistan government, Balochistan government have found a 50% cut in their salaries on the grounds that they are required to contribute to the Turkey relief aid

Pakistan seeks another bailout as economic and political crises worsen

The South Asian state is seeking a bailout from the International Monetary Fund again - something it's done more than 20 times

Pak PM Sharif admits there will be more inflation after IMF agreement

As the government seeks to revive the IMF programme, Pakistan has also sought to secure assurances from Saudi Arabia and China for more loans