Day: July 1, 2023

[1/3]A man with a mobile phone takes a picture of rising waves, before the arrival of the cyclonic storm Biparjoy over the Arabian Sea, at Clifton beach in Karachi, Pakistan June 14, 2023. REUTERS/Akhtar SoomroAHMEDABAD/MUMBAI, June 14 (Reuters) – Roads will be flooded along parts of India's western coast, crops could be damaged and some […]

ISLAMABAD, June 14 (Reuters) – Pakistan on Wednesday approved a liquefied natural gas (LNG) purchase agreement framework with Azerbaijan, its finance ministry said.Pakistan has not procured any spot cargos of LNG for about a year after global prices spiked following Russia's invasion of Ukraine.The country, which has a population of 220 million, had to impose […]

June 15 (Reuters) – The International Monetary Fund (IMF) on Thursday expressed dissatisfaction with Pakistan’s recently presented budget, a blow for the cash-strapped country which has only two weeks left until its bailout programme expires.Pakistan has barely enough currency reserves to cover one month's imports. It had hoped to have $1.1 billion of the funds […]

KARACHI, Pakistan, June 9 (Reuters) – Pakistan presented its federal budget for the next fiscal year, one of three measures the International Monetary Fund (IMF) will gauge before releasing at least some of the $2.5 billion still pending under a lending programme expiring this month.The cash-strapped country, with reserves to barely meet a month's worth […]

[1/2]People throw stones at police during a protest against former Prime Minister Imran Khan's arrest, in Peshawar, Pakistan, May 10, 2023. REUTERS/Fayaz AzizISLAMABAD, June 6 (Reuters) – Hammad Azhar, who has served as Pakistan's finance and energy minister, says police and plain-clothed officials have burst into his home six times in recent weeks, smashed his […]