IMF objects to Rs1tr power subsidy

IMF objects to Rs1tr power subsidy. Design: Mohsin Alam ISLAMABAD: The International Monetary Fund (IMF) has objected to Pakistan’s proposal to allocate nearly Rs1 trillion for power subsidies in the next fiscal year, including over Rs400 billion to cover electricity theft and inefficiencies. The continued bleeding of the power sector and mammvoth budgetary allocations every … Read more

FX reserves edge up $87m to $16.3b

[ The central bank said in its latest weekly update on Thursday that the country’s foreign exchange reserves, held by the SBP, decreased $66 million to $8.15 billion in the week ended January 5, 2024 due to debt repayments. photo: file KARACHI: Pakistan’s foreign exchange reserves recorded a modest increase during the week ended February … Read more

Iran denies drone strikes on Azerbaijan, suggests Israel may be responsible

Drone strikes hit Nakhchivan airport, injuring 2; another drone fell near Shakarabad school This photo taken with a mobile phone shows debris of a drone near a school in Nakhchivan Autonomous Republic, March 5, 2026. Azerbaijan state news agency/XINHUA Iran on Thursday rejected accusations from neighbouring Azerbaijan that it had launched drone strikes targeting its … Read more

Pindi reports surge in measles cases

RAWALPINDI: During the first two months of the current year, the number of confirmed measles cases among children in Rawalpindi district reached 110, while 192 suspected cases were also reported. In view of the concerning situation, the Rawalpindi District Health Authority has intensified the measles vaccination campaign to protect children. According to officials, despite an … Read more