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    White House warns of economic fallout if US defaults

    As Democrats and Republicans spar over national spending, the White House issued a dire warning on Wednesday: if the United States defaults on its debt payments, the stock market will crash and unemployment will soar. The US government’s failure to pay its financial obligations might result in eight million job losses this summer and a […]

    Economic Coordination Committee fixes cotton price

    ISLAMABAD: The Cabinet’s Economic Coordination Committee (ECC) set the cotton (phutti) intervention price at Rs8,500 per 40Kg for current sowing to boost cotton production, stabilize the domestic market, and ensure a fair return to farmers in the country. Senator Mohammad Ishaq Dar, Minister of Finance and Revenue, presided over the Economic Coordination Committee (ECC). The […]

    PM Shehbaz calls an urgent economic team meeting

    ISLAMABAD: To examine the nation’s present financial issues, Prime Minister Shehbaz Sharif called an urgent conference of economic experts on Sunday.The economic team will inform the prime minister of the discussions with the International Monetary Fund (IMF) on the ninth review and export industry difficulties, according to sources with knowledge of the situation. The economic […]

    Government denies claims of economic emergency

    ISLAMABAD: The government said on Tuesday that it was not considering declaring an economic emergency to address one of the greatest crises in the nation’s history, but it did say that it was thinking about energy-saving measures to cut down on the cost of imports. The International Monetary Fund (IMF) program is still a priority […]

    Pakistan to receive $2 billion from Saudi Arabia in “seven working days”

    Muhammad Jawad Sohrab Malik, the Special Assistant to the Prime Minister (SAPM), and Nawaf bin Said Al-Malki, the Kingdom of Saudi Arabia’s ambassador to Pakistan, recently met in Islamabad to talk about fostering bilateral cooperation between the two nations. Jawad expressed his appreciation for Saudi Arabia’s continued support of Pakistan at the meeting. He thanked […]

    Bilawal hints at quitting govt if promises not fulfilled

    Bilawal Bhutto Zardari, the chairman of Pakistan Peoples Party (PPP) and foreign minister, expressed grave reservations about the ongoing census on Sunday. He claimed that while his party supported the digital enumeration, it disagreed with the way it was being conducted. Bilawal challenged the Centre to keep its promise to the flood-affected populace otherwise PPP […]

    Regime change operation in Pakistan brings inflation and terrorism: Fawad

    LAHORE: Fawad Chaudhary, claims that the regime change operation in Pakistan has resulted in terrorism and inflation while talking to the media in Lahore.He claims that general elections will be held in March and April. He added that the country will default, and imports will be prohibited, causing the economic situation to worsen. Furthermore, Fawad […]

    Imran blames Gen. Bajwa for handing over “NRO-2 to thieves”

    Imran Khan, a former prime minister and the head of the PTI, charged former army chief General (retd) Qamar Javed Bajwa on Sunday with providing existing leaders “NRO-2,” an amnesty given by previous military ruler Gen (retd) Pervez Musharraf. He stated during a news conference in Lahore, “The first NRO was provided by General Musharraf […]

    Biden ‘hopeful’ of imminent US debt deal

    President Joe Biden indicated Friday that Democratic and Republican negotiators were close to reaching an agreement on the debt ceiling, as the date for a potentially disastrous US default was pushed back to June 5. “It’s very close, and I’m optimistic,” Biden told reporters in the Oval Office. “I’m hoping to know by tonight whether […]

    SCO summit: Bilawal slams India’s accusations of cross-border terror

    After his Indian counterpart accused Pakistan of cross-border terrorism, Foreign Minister Bilawal Bhutto Zardari’s remarks at the Shanghai Cooperation Organization (SCO) Council meeting were immediately changed to reflect the nation’s official position. In an effort to draw a connection between the terrorism in Pakistan and Afghanistan, Jaishankar claimed in his speech to the SCO conclave […]