ISLAMABAD, Feb 1 (FD):  A district and sessions court in the federal capital granted post-arrest bail to Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry in a sedition case registered for hurling threats at officials of the Election Commission of Pakistan (ECP). Additional Sessions Judge Faizan Haider Gillani approved the bail for surety bonds worth Rs20,000. “I am granting bail to …

  (Reuters) – Intel Corp (INTC.O) said on Tuesday that it had made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast driven by a loss of market share to rivals and a PC market downturn. The reductions will range from 5% of base pay for mid-level employees to as much as …

WASHINGTON, Feb 1  (AP):  The declaration of a Covid-19 public health emergency three years ago changed the lives of millions of Americans by offering increased health care coverage, beefed-up food assistance and universal access to coronavirus vaccines and tests. Much of that is now coming to an end, with President Joe Biden’s administration saying it plans to end the emergency …

  MIANWALI, Feb 1 (FD): The Punjab police foiled a terror attack at the Makarwal police station in Mianwali on Tuesday night, forcing terrorists to flee. According to police officials, 20 to 25 armed assailants attacked the police station but were met with police personnel, the counter-terrorism department (CTD) and other forces who fought gallantly and forced the terror elements to …

  ISLAMABAD, Feb 1 (FD):  PML-N stalwart Shahid Khaqan Abbasi has stepped down as party Senior Vice President as the rift within the ruling party deepens amid recent changes. Reports in local media claimed that Shehbaz Sharif has not accepted Abbasi’s resignation as the premier is expected to meet the disgruntled leader today. It was reported Khaqan Abbasi, who served …

  GUJRAT, Feb 1 (FD):  The Gujrat police raided the house of former Punjab chief minister and central PML-Q leader Chaudhry Parvez Elahion early Wednesday. The Gujrat residence of Chaudhry Parvez Elahi, the Kunjah House was searched by the Punjab Police. A sizable presence of police personnel surrounded the residence and some police vehicles were seen patrolling the area around …

  ISLAMABAD, Feb 1 (FD): The International Monetary Fund (IMF) has decreased the GDP growth rate projection for Pakistan from 3.5% to 2% for the fiscal year 2023. According to IMF’s World Economic Outlook (WEO), issued on Tuesday, the country’s GDP growth rate would rebound in the next fiscal 2023-24 up to 4.4%. The projection by the Washington-based lender, which …

  The Pakistani rupee further strengthened against the US dollar, a day after easing slightly from a historic low as Pakistan made progress in its talks with the International Monetary Fund (IMF). The greenback was trading at Rs265.49 in the interbank market around 10:30am after losing Rs2.40. he local currency has gained Rs4.15 in the last two days after plunging to an …

  ISLAMABAD, Feb 1 (FD): Inspector General of Police (IGP) Khyber Pakhtunkhwa Moazzam Jah Ansari has admitted security lapse in the Peshawar Police Lines Suicide bombing. Appearing in a private news channel program he said that the Police Lines has only one gate and every minute of the security footage was being watched to see how and when the suicide …

  PESHAWAR, Feb 1 (FD): As Pakistan Army troops Tuesday continued rescue and relief operation, the bodies of 51 students and teachers were retrieved from the Tanda Dam lake in Khyber Pakhtunkhwa’s Kohat district, while five students were rescued from the freezing water. Rescue 1122, the civil administration and military personnel, including army engineers and Special Service Group’s divers, have …