Days after the approval of the resignations of Pakistan Tehreek-e-Insaf (PTI) members of the National Assembly, the Election Commission of Pakistan (ECP) on Friday announced that by-elections on 33 vacant seats will be held on March 16. It should be noted that the election body is holding by-polls on 33 seats that fell vacant after National Assembly Speaker Raja …

  ISLAMABAD, Jan 27 (FD): An Islamabad district and sessions court on Friday sent PTI leader Fawad Chaudhry to Adiala jail for 14 days on judicial remand in a case over alleged incitement of violence against a constitutional institution. The court on Wednesday night had granted police an initial two-day remand of Fawad, hours after he was arrested. The former information …

  LAHORE, Jan 27 (FD):  PML-N leader and former finance minister Miftah Ismail has thrown his weight behind the decision of the government to allow local currency to float freely. In a TV show, Mr Ismail said positive trend was observed in the stock market after the government had abandoned restrictions over its currency exchange rate. “I am happy that the government …

  ISLAMABAD, Jan 27 (FD):  The court of district and sessions judge on Friday reserved its verdict on extending the Physical remand of Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry in a case related to using ‘threatening language’ against the Election Commission of Pakistan (ECP) members. Fawad Chaudhry was produced before the court of judicial magistrate Waqas Raja under strict security. …

  ISLAMABAD, Jan 27  (FD): The Pakistan Tehreek-e-Insaf (PTI) on Friday filed a petition against a decision of the Election Commission of Pakistan (ECP) to appoint media mogul Mohsin Naqvi as caretaker Punjab chief minister in the Supreme Court. The PTI submitted the plea as a political party while Asad Umar filed a petition as a secretary general of the …

  KARACHI, Jan 27 (FD): – Alleged hazardous gas leakage has caused at least 16 fatalities in the Keamari Town of Karachi in one month. The victims were residents of Machhar Colony in Ali Mohammad Goth. The district administration acted after learning about the incident by sealing three factories and detaining four people, according to the Sindh Health Department. The …

  KARACHI, Jan 27 (FD):  Foreign exchange reserves of the State Bank of Pakistan (SBP) hit a new nine-year low of $3.678 billion during the week ended on Jan 20. The SBP on Thursday said that its forex holdings decreased by $923m during the week due to external debt repayments. The government has practically surrendered to the IMF conditions for …

  ISLAMABAD, Jan 26 (FD): A local court in Islamabad has remanded Pakistan Tehreek-e-Insaf (PTI) Vice President Fawad Chaudhry in police custody for two days in a case related to using threatening language against the Election Commission of Pakistan (ECP) members. Islamabad police produced PTI Vice President Fawad Chaudhry before the judicial magistrate to seek his physical remand. Police sought …

  Former prime minister Imran Khan has said he’s confident of returning to power this year, and would back a continued role for the International Monetary Fund (IMF) to prop up the economy and stave off a growing risk of a debt default. The PTI chairman said in an interview with Bloomberg that he expected to win a majority when …

  WASHINGTON, Jan 26  (Reuters):  The US economy likely maintained a strong pace of growth in the fourth quarter as consumers boosted spending on goods, but momentum appears to have slowed considerably towards the end of the year, with higher interest rates eroding demand. The Commerce Department s advance fourth-quarter gross domestic product report on Thursday could mark the last quarter …