Murree Judicial Magistrate Muhammad Zeeshan granted bail to Pakistan's former Interior Minister against surety bonds worth Pakistani Rupees (PKR) 50,000.
Pakistan is seeking a USD 7 billion bailout package from the IMF to prevent the collapse of the economy. While the visiting IMF delegation is asking for several reforms and compliance with its conditionality.
The foreign exchange companies had removed a cap on the Pakistani rupee-dollar exchange rate. This was a key demand of the IMF as part of a programme of economic reforms it has agreed on with the debt-laden South Asian nation.
The dam was closed after a blockage was detected in the 3.5-km Tail Race Tunnel. The total cost of its repair is estimated to come to about 2.5 billion Pakistani rupees.
Kabul [Afghanistan], October 3 (ANI): In a significant escalation of ties between Afghanistan and Pakistan, the Taliban has banned the use of Pakistani Rupees in Afghanistan.
Islamabad [Pakistan], September 28 (ANI): Pakistan's Punjab province approved PKR (Pakistani Rupees) 1.33 billion to purchase 133 VIP protocol and luxury vehicles for their government functionaries and officers when the country is facing a flood, food crisis, unemployment, poverty and inflat
Karachi [Pakistan], August 25 (ANI): Ahead of the International Monetary Fund's (IMF) executive board meeting on August 29 in Washington, the Pakistani rupee continued to decline against the US dollar on Thursday.
Islamabad [Pakistan], August 23 (ANI): The Pakistan government on Monday imposed an additional PKR (Pakistani Rupees) 36 billion new tax on cigarettes and PKR 2 billion tax on tobacco processing to get an additional Rs38 billion in taxes.
Islamabad [Pakistan], August 19 (ANI): Pakistan Bureau of Statistics (PBS) on Friday stated that the inflation measured by the Sensitive Price Index (SPI) rose sharply in the previous week climbing to a record 42.3 per cent year-on-year basis in August.