
The International Monetary Fund (IMF) has approved a 6.7-billion-U.S. dollar loan program for Pakistan to support the country’s economic reform to promote inclusive growth. The three-year loan arrangement under the Extended Fund Facility (EFF) was authorized by the IMF’s executive board, and the approval enabled an initial disbursement of 540 million dollars, the IMF said […]
President Asif Ali Zardari, who completes hive five-year term next week, says he will work for democracy. He was talking to a delegation comprised former Prime Ministers Syed Yousaf Raza Gilani‚ Raja Pervaz Ashraf and a group of ex parliamentarians from Punjab in Islamabad on Wednesday. The participants of the meeting congratulated the President for […]

U.S. Ambassador Richard Olson signed Wednesday on behalf of the Overseas Private Investment Corporation (OPIC) a $95 million [over Rs 9.96 billion], ten-year loan to Sapphire Wind Power Company to build a 50-megawatt (MW) wind power plant in the Ghoro-Keti Bandar wind corridor near Jhimpir in Sindh. Chief Executive Officer Nadeem Abdullah signed on behalf […]

The Federal Government Wednesday announced to launch “targeted action” in the violence-hit Karachi against terrorists‚ target killers‚ kidnappers for ransom and extortionists. Rights groups say that nearly 1800 people were killed during terrorist and targeted attacks in the first six months of this year. Interior Minister, Chaudhry Nisar Ali Khan, said hundreds of criminals have been […]

The Supreme Court on Wednesday dismissed an Appeal challenging the order of Lahore High Court (LHC) demanding federation be directed to command the armed forces to defend Pakistan against external aggression. A two-judge bench comprising Justice Tassaduq Hussain Jillani and Justice Ameer Hani Muslim ruled out that the issues raised in the Constitution petition and […]

Prime Minister, Nawaz Sharif, said on Wednesday that a concerted and sustained campaign will be launched for restoration of law and order in Karachi. He was addressing the special meeting of federal cabinet in Karachi to suggest measures for peace in the city. The cabinet is discussing various proposals to improve law and order in […]

Unidentified gunmen on Wednesday shot dead an officer of Pakistan Navy in the violence-stricken port city of Karachi, police said. Two gunmen, riding a motorcycle, sprayed bullets at the car of the Navy officer in the busy Karsaz neighbourhood near Pakistan’s Navy headquarters, a police officer said. The officer died at the scene while his […]

The federal cabinet meets in Karachi later on Wednesday to approve a “targeted operation” against the miscreants. Prime Minister Nawaz Sharif had convened the meeting in Karachi on the second day of his visit to the city. The meeting would discuss and approve a comprehensive strategy to take action against criminals and target killers to […]

Prime Minister, Nawaz Sharif, on Tuesday started a two-day visit to the violence-hit southern port city of Karachi where targeted attacks claimed the lives of nearly 1800 people in the first six months of this year. Mr Sharif met senior leaders of all political parties and businessmen and sought their proposals to restore peace in […]

Pakistan and India came up with a unanimous view that the on-going escalations along Line of Control in the disputed Kashmir region has derailed efforts for resumption of dialogue process. Forces of both countries routinely trade fire that causes casualties and increased tensions between the uneasy nuclear neighbours. Both accuse each other of violating the […]

Pakistan on Tuesday rejected fears over the security of its nuclear programme following American media reports that the United States has intensified surveillance of Pakistan’s nuclear weapons and tries to evaluate the loyalty of Pakistani counter terrorism agents recruited by the CIA. “Washington Post” reports that the documents available with the paper reveal broad new […]

Describing China as a pillar of Pakistan’s foreign policy, Prime Minister Nawaz Sharif Tuesday said his country deeply values the resolute Chinese support and cooperation in all domains. “I am confident that the defence cooperation between Pakistan and China will grow from strength to strength in years to come and will be a source of […]