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Rs425b for unforeseen events likely

[ Govt may allocate funds in budget to cope with natural disasters, other such expenses The government wants to accelerate economic growth to lower rising poverty and unemployment, but the IMF was of the view that Pakistan has not yet reached a stage where it can afford sustainably higher economic growth. PHOTO: Reuters ISLAMABAD: The … Read more

Reports on budget authority shift termed misleading

[ Finance ministry retains full role in budget preparation; PM’s review committees are advisory in nature Reports circulating in certain media outlets regarding the role of the deputy prime minister in the budget-making process have been described as misleading and contrary to facts by official sources. Sources clarified on Thursday that the establishment of a … Read more

US authorities ‘reconsider’ fraud charges against Adani

WASHINGTON: US authorities are moving towards resolving fraud charges against Indian billionaire Gautam Adani after he reportedly hired a new legal team led by US President Donald Trump’s personal lawyer, according to reports published by Bloomberg News and The New York Times on Thursday. Gautam and his nephew Sagar Adani were charged by the US … Read more

Tarar slams ‘malicious campaign’

. Information Minister Attaullah Tarar. Photo: File ISLAMABAD: Information Minister Attaullah Tarar on Thursday criticised what he described as a “negative propaganda and campaign” aimed at discrediting Pakistan’s role in promoting sustainable peace in the region. In a statement posted on X, the minister said the campaign had been launched with “malicious intent”. “The objective … Read more