ISLAMABAD, May 27(ABC): Government will be increasing electricity prices by Rs. 7 to meet the demands on International Monetary Fund (IMF). According to sources privy to the matter, the hike of Rs. 7 in electricity prices would include an increase in basic tariff and fuel adjustment charges. The hike in power tariff will be applicable from July 1. Moreover, the …

ISLAMABAD, May 27(ABC): Prime Minister Shehbaz Sharif will announce a relief package for the poor in an address to the nation today (Friday), reported. Sources privy to the matter said that the premier will take the nation into confidence over the prevailing economic situation of the country and shed light on the government’s decision to remove subsidies on petroleum products. …

KARACHI, May 27(ABC): The US dollar on Friday plummeted by Rs3 against the Pakistani currency, sliding down to Rs199 in the interbank market. The downslide in the dollar’s value occurred after the government decided to remove petroleum subsidies in line with the conditions of the International Monetary Fund (IMF). The subsidy removal meant the government imposed a major hike in …

ISLAMABAD, May 26(ABC): Prime Minister Shehbaz Sharif Thursday ruled out the notion of receiving “dictation” from PTI Chairman Imran Khan and stressed that the National Assembly would make decisions regarding the date of the next general elections. Although the prime minister said he “refuses to be dictated” during his hard-hitting speech in the NA, he did not rule out holding …

ISLAMABAD, May 26(ABC): The Supreme Court of Pakistan on Thursday disposed of the federal government’s contempt of court plea against PTI Chairman Imran Khan over his violation of the apex court’s orders during PTI’s ‘Azadi March’. The government had filed the plea this morning after the PTI openly defied the SC’s directives, announcing to hold a rally at D-Chowk in …

ISLAMABAD, May 26(ABC): The federal government on Thursday filed a contempt of court plea against PTI Chairman Imran Khan in the Supreme Court (SC) over violation of the apex court’s orders during PTI’s ‘Azadi March’. The move came after the PTI openly defied the SC’s directives, announcing to hold a rally at D-Chowk in Islamabad’s prohibited Red Zone. The SC …

KABUL, May 26 (ABC): The death toll from four bombs that ripped through minibuses and a mosque in Afghanistan has risen to at least 16, officials said Thursday, with some of the attacks claimed by the Islamic State group. While the number of bombings has dropped across the country since the Taliban seized power last August, several deadly attacks rocked …

DOHA, May 26(ABC): The International Monetary Fund (IMF) late Wednesday delayed the revival of the stalled $6-billion programme under the External Financing Facility (EFF) for Pakistan. The revival was expected to bring stability to the financial markets, the fast-weakening Pakistani rupee, and the depleting foreign exchange reserves, as the government had pinned hopes on the programme’s resumption. Pakistan failed to …

ISLAMABAD, May 26(ABC): After a packed day of political drama and violence across Pakistan, PTI chairman Imran Khan gave Thursday morning a six-day ultimatum to the PML-N government to dissolve the assemblies and announce an election, indicating an end to the party’s much-touted ‘Azadi March’. The PTI chairman was off to Bani Gala after addressing the participants of the ‘Azadi …

ISLAMABAD, May 25(ABC): Tension gripped parts of the country, as police clashed with PTI workers after authorities tried to block them from proceedings towards the capital, where former prime minister Imran Khan plans to hold a large political rally. Khan — leading a large caravan from Khyber Pakhtunkhwa — is expected to reach Islamabad soon, as the PTI is adamant about …