The federal government on Wednesday withdrew its decision to give a quarter of a billion rupees to a private foundation for an infrastructure project, which it had earlier allocated in a non-transparent manner while using the inflation-bitten taxpayers' money. The government had allocated funds for The Noorani Foundation (TNF) without setting any criteria and despite the fact that social sector
On the eve of a crucial monetary policy decision for the next two months, the stock market faltered on renewed fears of political uncertainty and a new IMF condition, pushing the KSE index below 79,000 amid aggressive foreign selling on Wednesday. Ahsan Mehanti of Arif Habib Corporation said stocks closed sharply lower on political uncertainty and cautious activity ahead of the State Bank of Pa
PAKISTAN’S battle against climate change cannot be fought without support from the private sector. The private sector and the government in Pakistan have dramatically different ways of working. Yet, they, like two sides of the same coin, coexist and can create an ecosystem for each other’s climate action. Pakistan’s financial needs for climate action are very high. Projected climate disasters,
IN remarks reported widely in the media, Foreign Minister Ishaq Dar has been quoted complaining that the IMF is playing politics with Pakistan and changing the goalposts at critical moments to delay the disbursement of funds. Those who know him and have spoken with him over the years know his propensity to speak at length off the cuff and also know that he harbours great mistrust, bordering on
Afghanistan said on Wednesday work would begin on a $10 billion gas pipeline traversing South Asia as officials joined dignitaries in neighbouring Turkmenistan to celebrate its completion on that side of the border. Progress on the TAPI pipeline — running through Turkmenistan, Afghanistan, Pakistan, and India — has been repeatedly delayed because of security issues in conflict-ravaged Afghanist