ogood2054

Between reserves and reality: external sector under pressure

For years, Pakistan has relied on friendly countries for financing, but recent developments suggest shift in behaviour ISLAMABAD: Pakistan’s economic managers often point to rising foreign exchange reserves as a sign of stabilisation. On paper, the narrative appears reassuring: reserves have recovered from crisis lows, inflation remains within range, and the country continues to meet…

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Bulgaria’s pro-Russian former president set for landslide election win, exit polls show

Radev’s Progressive Bulgaria secures 44% in exit polls, far ahead of long-dominant GERB party at 12.5% Rumen Radev. PHOTO: PBS NEWS Pro-Russian former president Rumen Radev is set for a runaway victory in Bulgaria’s election and may even secure a parliamentary majority, exit polls showed, potentially ending years of weak coalition governments and altering the…

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Four terrorists killed, one police officer martyred in separate IBO’s in K-P

ISPR says one terrorist killed was ‘Waheedullah’, responsible for the martyrdom of Lieutenant Colonel Gul Faraz DERA ISMAIL KHAN: One police officer was martyred and four terrorists, including two highly wanted commanders, were killed in two separate intelligence-based operations in Khyber-Pakhtunkhwa, officials confirmed on Monday. In one operation, the Inter-Services Public Relations (ISPR) said in…

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Is SBP hiding its exchange rate assumptions?

Existing communication methodology is being reused, repackaged rather than reformed KARACHI: The Monetary Policy Reports (MPRs) published by the State Bank of Pakistan (SBP) try to show the SBP’s intention of transitioning towards a more up-to-date, inflation-targeting framework where the central bank’s timely information sharing becomes crucial. The SBP attempts to pivot towards global best…

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Baisakhi pilgrims head back to India

Sikh pilgrims return to India via the Wagah Border after completing their 10-day stay in Pakistan. PHOTO: EXPRESS LAHORE: Indian Sikh pilgrims who visited Pakistan to attend the Baisakhi festival returned to India via the Wagah Border on Sunday after completing their 10-day stay, with emotional scenes witnessed at the time of departure. Officials said…

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Rs5.4tr stuck, reform tax justice

ISLAMABAD: “We are constrained to observe that the income tax authorities unnecessarily wasted time, money, and effort which could have been better utilised for more productive causes. They discarded the clear determinations by three forums and the EFU case precedent. Such disdain and persistence without cause do not engender confidence in taxpayers nor help establish…

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Afridi awaits Imran’s signal for Islamabad move

MARDAN: Khyber-Pakhtunkhwa Chief Minister Sohail Afridi on Sunday signalled readiness for a political show of strength in the federal capital, saying he had conveyed to incarcerated PTI founder Imran Khan that the party and its supporters were prepared to move to Islamabad at short notice. Addressing a charged public gathering organised by Pakistan Tehreek-e-Insaf in…

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Two FC personnel martyred in Bannu firing

In a separate incident Saturday night, terrorists destroyed Shamozai police post using explosive material MIRANSHAH: Two Federal Constabulary (FC) personnel were martyred after unidentified motorcycle-riding terrorists opened fire on them in the Karam Garhi area of Bannu, police and security sources said on Sunday. The incident occurred within the limits of the Cantonment Police Station….

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