Pakistan Financial News

Pakistani rupee hit an all-time low, crossing the PKR 300 mark against the US dollar in August 2023. The country's foreign reserves with the State Bank of Pakistan (SPB) also dropped to an alarming level — at $3.1 billion in January 2023. The cash-strapped country struggled to unlock funding from the International Monetary Fund (IMF).

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former PM has alleged that the powerful people behind the cipher case are being protected. “I ordered to initiate an inquiry into the matter when I was the prime minister," Imran Khan said in a court during the bail hearing. Pakistan prosecutors claim that former PM Imran Khan and his foreign minister Shah Mahmood Qureshi mishandled a diplomatic cable dispatched by the Pakistani ambassador to the United States.

Pannun reportedly called himself the spokesperson of the Kashmir-Khalistan Referendum Front and said the recent ambush on Indian soldiers was a "consequence of India’s violence against Kashmiris". Three soldiers were killed and three other were injured after an Army vehicle was attacked by terrorists in the Poonch district of Jammu and Kashmir, news agency PTI had reported on Thursday. The report added that top Intelligence sources said Pannun’s declaration clarifies his association with designated terror groups of Pakistan who killed Indian soldiers.

Pakistan's Supreme Court on Friday granted bail to former Prime Minister Imran Khan and one of his aides in a case related to an alleged leak of state secrets, his lawyer said. It was not immediately clear if Khan would be released from jail as he has multiple arrest warrants issued against him in several other cases, said Salman Safdar, one of Khan's lawyers.

Toshakhana case. The bail of the former Prime Minister of Pakistan comes ahead of the Pakistan parliamentary election scheduled to be held on 8 February 2024. Prime Minister Imran Khan was sentenced to three years in prison and a fine of ₹100,000 by Additional District and Sessions Judge (ADSJ) Humayun Dilawar, after the judge found him guilty of graft in the Toshakhana case.

cricket captain to secure an ODI series victory in South Africa. The other captain was Virat Kohli. Rohit Sharma, Virat Kohli and Jasprit Bumrah did not play, but India apparently did not miss the seasoned players.

Australia batter Usman Khawaja has been reprimanded by the International Cricket Council for wearing a black armband in support of Palestinians in Gaza during the first cricket test against Pakistan. ICC regulations prevent cricketers from displaying messages of political, religious or racial causes during international matches. Khawaja was born in Pakistan and is the first Muslim to play test cricket for Australia. An ICC spokesperson confirmed the charge in breach of the clothing and equipment regulations to Australian media. «Usman displayed a personal message (armband) during the first test match against Pakistan without seeking the prior approval of Cricket Australia and the ICC to display it, as required in the regulations for personal messages,» it said. «This is a breach under the category of an 'other breach' and the sanction for a first offense is a reprimand.» The charge means Khawaja can accept a warning and continue to play.

Nawaz Sharif has praised India and acknowledged that while neighboring countries have made great strides, Pakistan has lagged behind. Speaking to PML-N cadres in Islamabad, Sharif highlighted the dire economic situation in Pakistan. The 73-year-old PML-N leader, who returned to the country from London in October ending a four-year-long self-imposed exile, who is running for Prime Minister a fourth time. He is the only Pakistani politician who became the prime minister of the coup-prone country for a record three times. «Our neighbours have reached the moon but we haven't even risen from the ground so far. It can't keep going on like this,» Sharif said. «We have been responsible for our own downfall, otherwise this nation would have reached a different place. We shot ourselves in our foot,» he added.

Following the complaint, the Rajamangalam police obtained CCTV footage from the area and launched an investigation. They subsequently apprehended the suspect, identified as Boobalan, 35, from Korattur. Boobalan had been undergoing treatment at a drug de-addiction center in the city's suburbs since August.

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India nor the US were behind the cash-strapped country's miseries but "we shot ourselves in our own foot", indirectly referring to the powerful military establishment for its woes. During a conversation with Pakistan Muslim League-Nawaz (PML-N) ticket aspirants here, the party supremo, who is eying to become prime minister for a record fourth time, pointed out that he was ousted from power three times in 1993, 1999 and 2017. “Today where Pakistan has reached (in terms of the state of the economy) this is not done by India, the US or even Afghanistan.

Imran Khan addressed a virtual internet rally on Sunday night through a voice clone, a first of its kind use of the technology. His Pakistan Tehreek-e-Insaf party used artificial intelligence (AI) voice cloning platform ElevenLabs to clone the jailed cricketer-turned-politician’s voice by feeding the AI model with audio of his previous speeches, The Guardian first reported.

Pakistan Army Chief Gen Syed Asim Munir during his USA trip in a desperate move has launched a charm offensive on the Pakistani diaspora, urging them to invest in Pakistan. Wealthy Pakistani individuals in the USA — investors, physicians, IT professionals, engineers, university professors, financial experts, and economists attended an event during the ongoing visit of Munir.

Islamabad: An earthquake of magnitude 4.0 on the Richter Scale jolted Pakistan on Monday morning, the National Center for Seismology (NCS) said. According to the NCS, the earthquake occurred around 11:38:03 (IST) at a depth of 10 kilometres.

HT Auto, only 4,875 cars were sold in November 2023. In the same period last year, 15,432 cars were sold in Pakistan, the data mentioned. The decline in car sales in Pakistan is because of a range of factors, including car prices.

Pakistan experienced a widespread outage, with users reporting difficulties accessing social media platforms, according to Dawn, citing Internet monitor Netblocks. As reported by ANI, the disruption coincided with the virtual event organized by former Prime Minister Imran Khan's Pakistan Tehreek-e-Insaaf (PTI), scheduled to commence at 9 pm, resulting in the entire social media platform going offline.

I am trying to understand why I am unable to accord any importance to the incident in Parliament on 13 December. In theory, two people jumping off the visitor’s gallery into the chamber while the House is in session and releasing a yellow gas should be a serious event, but I am unable to take it seriously. Nor do you, I suspect.

“fascist regime" ahead of the "first-ever virtual jalsa" organised by Imran Khan's party Pakistan Tehreek-e-Insaf (PTI) on Sunday. "Ahead of PTI's first ever Virtual Rally #PTIVirtualJalsa...The fascist regime in #Pakistan have slowed/shut down internet," a social media user claimed. She also shared screenshots from Downdetector showing outages reported on X.

hybrid" terrorists involved in last week's attack on a policeman in Bemina area of Srinagar city have been arrested, Director General of Police Jammu and Kashmir R R Swain said on Sunday. Constable Mohammad Hafeez Chak was attacked on December 9 while he was returning home. The DGP said the conspiracy was hatched by one Pakistan-based terrorist Arjumand alias Hamza Burhan who got in touch with a local mastermind Danish Ahmad Malla to carry out the attack.

Libya and Tunisia are principal departure points for migrants risking dangerous sea voyages in hopes of reaching Europe, via Italy. More than 153,000 migrants arrived in Italy this year from Tunisia and Libya, according to the United Nations refugee agency. Italy's far-right Prime Minister Giorgia Meloni won elections last year after vowing to stop illegal migration.