IMF cuts growth forecast to 3.5%

The government has agreed to the need for a mini-budget if revenues fall short of expectations by end-December 2025, according to the IMF. Photo: file ISLAMABAD: The International Monetary Fund (IMF) on Tuesday lowered Pakistan’s economic growth forecast to 3.5% and raised its inflation projection to 8.4% for the next fiscal year due to the…

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Panel to assess Baloch university needs

CM directed the committee to avoid unnecessary appointments and focus on promoting quality education Balochistan Chief Minister Mir Sarfraz Bugti. Photo: APP/ File QUETTA: Balochistan Chief Minister Mir Sarfraz Bugti has emphasised that universities must not be reduced to mere recruitment factories but should serve as genuine centers of knowledge, research, and innovation. He made…

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Saudi Arabia announces $3b additional support, extends $5b deposit: Finance Minister

Aurangzeb says this would help reinforce foreign exchange reserves, strengthen the country’s external account Finance Minister Muhammad Aurangzeb along with the Governor, State Bank of Pakistan and Pakistan’s Ambassador to the United States, held a detailed meeting with Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan. PHOTO: MINISTRY OF FINANCE ON X The Kingdom of Saudi…

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PM to embark on official visits to Saudi Arabia, Qatar, and Turkiye today amid Mideast crisis

FO says visit reflects Pakistans ‘continued commitment to constructive diplomacy, multilateral cooperation’ Prime Minister Shehbaz Sharif will undertake official visits to Saudi Arabia, Qatar, and Turkiye from April 15 (today) to 18, the Ministry of Foreign Affairs (MOFA) said on Wednesday. The visit came three days after the US and Iran were unable to reach…

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2,000 ‘flexible’ lecturers risk losing jobs

PESHAWAR: The government on Tuesday informed the Khyber-Pakhtunkhwa Assembly that it would not convert the status of around 2,000 employees of the education department, initially hired as temporary or “flexible” lecturers into ad hoc positions. The K-P Higher Education Department hired the lecturers under a stop-gap arrangement to address teacher shortages in government colleges. The…

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Development budget cut by Rs173b

As 2025 comes to a close, the city grapples with consequences of unfinished development projects — broken roads, blocked sewers, and rising pollution continue to endanger public health. Photo: Express ISLAMABAD: The government has further deepened the cut on the development budget to Rs173 billion, or 17% of annual allocations. The move aims to offset…

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Naqvi urges return of offshore wealth

Interior Minister Mohsin Naqvi chairs a meeting at NADRA headquarters in Islamabad PHOTO: RADIO PAKISTAN KARACHI: Interior Minister Mohsin Naqvi on Tuesday urged the business community to repatriate a portion of overseas-held wealth, estimating that nearly $100 billion has been moved out of the country over the past three to four years. Addressing business leaders…

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25% of Islamabad consumers get AMI meters

ISLAMABAD: Federal Minister for Power Awais Ahmed Khan Leghari has said that nearly 25% of Islamabad Electric Supply Company (Iesco) consumers have been equipped with Advanced Metering Infrastructure (AMI) meters, which amounts to around 1.1 to 1.2 million meters and is a key step towards modernising the power sector. Speaking during his visit to the…

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