Default Threat Reaches Pakistan as Political Crisis Deepens

Women vendors wait for customers alongside a street during a government-imposed nationwide lockdown as a preventive measure against the COVID-19 coronavirus in Karachi on May 4, 2020. (AFP)
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Updated 25 May 2022

Default Threat Reaches Pakistan as Political Crisis Deepens

May 25: Bloomberg reported soaring inflation. Squabbles over fuel prices. A fractious political environment. For months, Pakistan has struggled to keep its economy afloat, raising the prospect that one of the world’s most populous nations could soon follow Sri Lanka in a wave of potential global defaults.

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Pakistan seeks Qatar gas on deferred payment

Updated 04 July 2022

Pakistan seeks Qatar gas on deferred payment

July 4: DAWN reported that amid a severe energy crunch and unprecedentedly expensive fuel imports, Pakistan is seeking more gas imports on deferred payments from Qatar, which is irritated by roadblocks to its infrastructure investment plans, particularly in import terminals. Read more I 


ATM withdrawal charges increased by nearly Rs5

Updated 04 July 2022

ATM withdrawal charges increased by nearly Rs5

July 3: SAMAA TV has reported the schedule of revised charges on withdrawals from the Automated Teller Machine (ATM) of other banks has been issued on Sunday. Read more I 


Cooking oil imports eat up $3.6b

Updated 04 July 2022

Cooking oil imports eat up $3.6b

July 3: The Express Tribune reported that Pakistan’s imports of cooking oil spiked to $3.56 billion in the first 11 months of the previous fiscal year that ended on June 30, 2022, which was equivalent to 60% of the three-year International Monetary Fund loan programme of $6 billion. Read more I 


Aneel Mussarat wins defamation case against Indian TV

Updated 04 July 2022

Aneel Mussarat wins defamation case against Indian TV

July 3: The News reported that British-Pakistani businessman and property developer Aneel Mussarat has won a defamation case against right-wing Indian broadcaster Republic Bharat at the London High Court over allegations made by the channel’s lead anchor Arnab Goswami. Read more I 


PM Shehbaz will reduce petrol price as soon as rates decline in int'l market: Maryam

Updated 04 July 2022

PM Shehbaz will reduce petrol price as soon as rates decline in int'l market: Maryam

July 3: Geo News has reported that the Pakistan Muslim League – Nawaz Vice President Maryam Nawaz on Sunday said that if the country was not in danger of bankruptcy, the coalition government would have never increased the prices of petroleum products. Read more I