Tag: BloombergPakistan

Pakistan’s economic growth is expected to pick up from the current fiscal year but remain below 3% for the next two years, according to the latest estimates from the World Bank. The economy is set to grow 1.8% in the current fiscal year ending June 30 and will expand ...

Pakistan’s central bank held the key interest rate at a record high for a sixth straight meeting, as a newly-elected government holds loan talks with the International Monetary Fund that wants a tight monetary policy to curb inflation.The State Bank of Pakistan kept the target rate at 22%, according ...

Vote-counting delays following Pakistan’s election on Thursday pointed to a disputed result as supporters of jailed former leader Imran Khan and three-time premier Nawaz Sharif claimed victories, raising the prospect of instability in the country. As of 11:57 a.m. in Pakistan on Friday, election authorities had announced the results ...

Pakistan suspended mobile phone services as voters lined up to cast ballots in its general election Thursday, defending the measure as a way to maintain order even though critics said it would curb vital access to information during the controversial polls. The recent surge of terrorist incidents made it ...

The schools and universities in Pakistan’s capital, Islamabad, closed on Monday after police reported a threat of a terrorist attack at education institutions by a banned militant group.The Islamabad police received the threat of a suicide attack, Inspector Inamullah Khan at Islamabad’s police control said on phone, without identifying ...

Shah Mahmood Qureshi and Director General Major General Babar Iftikhar in Islamabad on Nov.. 14. Photographer: Am Qureshi/AFP/Getty Images Photographer: Am Qureshi/AFP/Getty Images Islamabad (AP) -- Pakistan on Saturday said India was sponsoring “terrorism” aimed at destabilizing the country and targeting its economic partnership with China, accusations that top Pakistani officials ...

A high-profile kidnapping of a police chief in Pakistan -- allegedly by official paramilitary troops -- has signaled deepening of the political turmoil in a country bracing for further opposition protests aimed at ousting Prime Minister Imran Khan.The paramilitary troops, known as the rangers, are accused of raiding the ...

Activists raise their hands during the public rally in Karachi on Oct. 18. Photographer: Rizwan Tabassum/AFP via Getty Images Photographer: Rizwan Tabassum/AFP via Getty Images Pakistan is bracing for more protests after an alliance of opposition parties kicked off a series of rallies calling for the resignation of Prime Minister Imran ...

Pakistan’s stocks reversed gains Monday as Prime Minister Imran Khan’s special assistant on information Asim Saleem Bajwa, a retired lieutenant general, resigned days ahead of protests planned by the opposition parties, raising concerns of increased political uncertainty.Khan “approved my request” to relinquish the additional post, Bajwa said in a ...

Pakistan has invited Taliban and Chinese leaders for talks in Islamabad to smooth the way for intra-Afghan negotiations aimed at bringing an end the 19-year war that’s ravaged Afghanistan. Foreign Minister Shah Mahmood Qureshi said talks with a delegation of Taliban leaders would be held on Tuesday, to be ...