Pakistan's small textile units are closing factories due to “unforeseen downturn in the market and unavailability of good quality cotton” following heavy rains and floods
our report for
@markets
via
@markets
Pakistan had long banked on Taliban being its best strategic bet in Afghanistan but without realizing the group, once the war is over, would assert its independence and refuse to do its bidding, says
@MichaelKugelman
as
@EltafN
& i report for
@bpolitics
Sharifs have been best managers of Pakistan's economy in last 30 years on average. Khan, whose party is out of election race, comes second. Bhutto-Zardaris scored the worst, according to Bloomberg Economics new misery index
via
@bpolitics
“Afghanistan has about a $10 to $15 million requirement on a daily basis,” said
@kschehzad
Half of this money is coming from Pakistan, Schehzad added
Edited by Tom Redmond
@EltafN
from Afghanistan & I report for
@bpolitics
via
@bpolitics
Saudi Arabia will extend an oil loan facility to Pakistan and is considering rolling over dollar deposits as the South Asian nation looks to rein in one of Asia’s highest inflation rates via
@markets
The election victory for Khan comes as the South Asian nation deals with the highest inflation in 13 years and as foreign exchange reserves have dropped to less than two months of import cover. via
@bpolitics
"Demand is growing at “double digits” as governments around the world issue stay-at-home notices," said Goh Miah Kiat, group chief executive officer at Karex Bhd, world’s biggest maker of condoms via
@business
Deportations of illegal Afghan immigrants are Pakistan's response to the Taliban leadership’s failure to control TTP/other groups, opine experts as I
@BetsyJoles
&
@EltafN
report for
@bpolitics
Imran Khan is pushing for the dissolution of state assemblies to send a message to the powerful military establishment that holding elections in phases would be disruptive,
@ABMPildat
tells
@bpolitics
with
@eureka51214
Pakistan plans to import as much as 2.6mnT wheat, at least 300,000T sugar and may also need to buy more cotton than last year’s 3.2mn bales, Pakistan's food minister
@FakharImamPTI
tells
@markets
in interview nice edit by
@AtulPrakash14
A bunch of Pakistan’s biggest companies have halted operations in past months as they ran out of raw materials or foreign exchange, or both, compounding the troubles of an economy that’s trying to avert a debt default.
Analysts say this is unprecedented!
British Airways returns to Pakistan. Direct flights from London Heathrow to Islamabad’s new airport start in June. A further boost to links between the UK and Pakistan - especially on trade and investment.
@British_Airways
Foreigners made on Jan. 16 the largest single day investment of $536 million in Pakistan's treasury bills. This takes total net foreign investment in T-bills and PIBs to $2.26 billion year to date, according to Topline Research
“Who would protect farmers if we abolish the indicative pricing? The sugar mafia will eat them up,” says Secretary Food Hashim Popalzai nicely edited by
@AtulPrakash14
I report for
@markets
Sugar is muscling out cotton on Pakistan's farms via
@markets
It keeps dragging folks!
Ministry of Finance:
Pakistan and the visiting IMF Mission have made good progress in their discussions. Consultations will continue over the weekend.
Pakistan orders investigation into an alleged leak of confidential tax documents after an online news portal published a report about the army chief's family wealth via
@bpolitics
“There is a gloomy picture if you look at the current oil and gas scenario,” says Khan, CEO at Pakistan's largest gas explorer PPL, in interview my colleague
@FaseehMangi
and I conducted in Karachi via
@markets
Dadu Sindh: the water behind me is up to 16-feet deep, highly contaminated and DEADLY, the trees are full of venomous snakes and the houses/mosque half-sunk and this is Pakistan's worst climate-induced flash floods in decade
Pakistan’s presence in market could boost global wheat prices. Wednesday, benchmark futures in Chicago reached a 6-month high. edited by
@AtulPrakash14
my report for
@markets
New govt also keeps fuel prices unchanged: Decision takes Pakistan “further away from IMF’s targets,” said Amreen Soorani of JS Global Capital before the decision. This is a “bit of a concern.” via
@business
Pakistan warns of more floods in some areas over the weekend, adding to the woes of the nation where almost 1,500 people have lost their lives, millions of homes got destroyed and the damage could surge to $30 billion via
@business
Uber buying Careem in $3.1bn cash-and-share deal weeks before going for one of biggest public sharing offer at New York Stock Exchange in April
@business
reports via
@technology
“This senate defeat will cause some political instability but the impact will mitigate to some extent if the prime minister gets the confidence vote," says
@sohailkarachi
as
@FaseehMangi
& I report for
@bpolitics
nice edit by Khalid Qayum &
@mnaqvi10
Pakistan's ECP rejects Imran Khan's nomination papers:
“We are going to stay in the election race, we are not going to step out, we are not going to back off,” Raoof Hassan, PTI’s central information secretary, tells
@bpolitics
via
@bpolitics
"We face several challenges...I am confident and hopeful that we as a country will make the right choices to overcome the challenges ahead," State Bank of Pakistan's retiring Governor Reza Baqir comments in a Twitter post via
@markets
“The crackdown against people engaged in illegal dollar trade, smuggling is ongoing,” Pakistan's Information Minister Murtaza Solangi tells
@markets
as I and
@karllesteryap
report on rebounding Pak rupee edited by
@FaseehMangi
via
@markets
THREAD: 1) Pakistan says Indian military aircraft crossed into Pakistani air space and carried out airstrikes, in a dramatic escalation of tensions in South Asia.
Reporter
@iainmarlow
explains what happened:
Pakistan Imran Khan's "disqualification seems temporary, because he will be going to the high court and then there is likely relief in the supreme court,” said
@zafar_jaspal
edited by
@mnaqvi10
&
@Kai_Schultz
via
@bpolitics
Imran Khan rallying public support against prominent military generals: “If elections are held within next couple of months, Khan is likely to win enough seats to form government,” says Ejaz Hussain, a Lahore-based political analyst via
@bpolitics
“This political chaos, which keeps deepening, is most likely to sabotage Pakistan’s possible deal with the IMF. The real problem is the economy,” Shaista Tabassum, chairperson at IR dept of University of Karachi, tells
@bpolitics
@eureka51214
& i report
Pakistan petrol subsidy:
The subsidy “should not be a distraction” for the IMF, said Ankur Shukla, an economist at Bloomberg Economics in Mumbai i report for
@markets
edited by
@29_ruchibhatia
Imran Khan, Pakistan's most popular politician, is behind bars. He can't take part in Feb. 8 elections that are shaping up to be a test of the country's democracy. Here's all you need to know. via
@bpolitics
“Pakistan needs massive financial support to respond to this crisis,” UN Secretary General Antonio Guterres tells international community via
@bpolitics
“Pakistan is diversifying its relations within the whole emerging security architecture,” said
@_baqai
, an associate professor at Institute of Business Administration we report for
@bpolitics
via
@bpolitics
As many as 9,000 containers loaded with Afghan transit cargo have been held up at Pakistani ports for about five months now, says Ghulam Nayab, commercial consular at
@Afghanistan
consulate in Karachi via
@business
Under fire for his presence at Parliament, Justice Faez Isa said:
“I have nothing to do with the political statements made here.
I, on behalf of myself and my institution, want to say that we stand by this book.
I came here because it was the Golden Jubilee of the Constitution.”
For 28 years, our shared belief in education is transforming the lives of millions of less privileged children in Pakistan.
#TaleemSeBadlayZindagi
This Ramzan, give your Zakat for education!
Donate Now:
#ChangeBeginsWithEducation
“This is a climate-induced humanitarian disaster of very epic proportion,” says Pakistan's climate change minister
@sherryrehman
as rains/flash floods kill 900+ people, trigger humanitarian crisis in South Asian nation via
@business
Food crisis: This Egyptian onion is being retailed at as much as 200 rupees a kilo in Karachi. Pakistan is importing wheat, cotton and vegetables after climate-induced floods washed away crops in June
TTP denies involvement as death toll for Pakistan's Peshawar blast reaches 80, the highest since 2018 attack by Islamic State group in Balochistan I and
@eureka51214
report for
@bpolitics
editor
@mnaqvi10
Friday's attack was “a very high profile attempt which failed but nevertheless it causes concerns”, said political analyst Hasan Askari Rizvi via
@bpolitics
Jailed Imran Khan, enduringly popular but barred from contesting Feb. 8 polls, is the top pick for Pakistan's finance professionals to oversee the cash-strapped economy’s recovery, according to a Bloomberg survey
@FaseehMangi
@cynthialiwy
via
@bpolitics
“Everything is gone.”
Pakistan’s extreme floods have killed at least 1,300 people since June and displaced more than half a million people.
@ismaildilawar
reports
PTI emerged out of a democratic struggle against dictatorial dynasties masquerading as politicians. We were subjected to violent brutalities & crackdowns during PMLN regime. Below is a clip of me and my colleagues being shot at by pellets and beaten with sticks in November 2016.