Asif Shahzad

Pakistan expects $3 billion reserves deposit from Saudi in days

11:38am EST

ISLAMABAD Saudi Arabia will deposit $3 billion in Pakistan's foreign reserves in a week or so for one year at 4% interest under a support package signed on Monday, Pakistan's finance ministry spokesman said on Tuesday.

Pakistan e-commerce platform Daraz aims to beef up as Amazon eyes market

Nov 25 2021

ISLAMABAD Pakistan's largest e-commerce retail platform Daraz aims to host up to 300,000 small to medium enterprises (SMEs) in two years, its CEO said, as the firm seeks to bolster its position in its home market in the face of potential competition from global giant Amazon.

Pakistan allows Indian aid transit to Afghanistan

Nov 23 2021

ISLAMABAD Pakistan's Cabinet on Tuesday granted permission to arch-rival India to use its land route to ship wheat aid to neighbouring Afghanistan where millions of people face hunger as a harsh winter sets in.

IMF agrees conditions to revive $6 billion Pakistan funding programme

Nov 22 2021

ISLAMABAD (Reuters) -The International Monetary Fund (IMF) said on Monday it had agreed with Pakistan on measures needed to revive a stalled $6 billion funding programme for the South Asian country, which faces growing economic challenges.

Pakistan drops chemical castration as punishment for serial rapists

Nov 19 2021

ISLAMABAD Pakistan has removed a clause from a new criminal law that had allowed chemical castration as a possible punishment for serial rapists, a government official said on Friday.

New Pakistan law allows chemical castration of serial rapists

Nov 18 2021

ISLAMABAD Pakistan has introduced chemical castration as a possible punishment for serial rapists under a law that also calls for faster trials of suspected sexual offenders, a government official said on Thursday.

Pakistan opposition cries foul as parliament approves electronic voting

Nov 17 2021

ISLAMABAD Pakistan's parliament on Wednesday passed a law allowing electronic vote counting despite furious protests from the opposition which said it had been pushed through by the government to rig the next election.

Pakistan agrees one-month 'complete ceasefire' with local Taliban militants

Nov 08 2021

ISLAMABAD (Reuters) -Pakistan and local Taliban militants have agreed a one-month ceasefire which may be extended if both sides agree, spokesmen said on Monday, opening the possibility of a fuller peace accord to help end years of bloodshed.

Pakistan to allow banned Islamist group to contest votes to end clashes

Nov 02 2021

ISLAMABAD Pakistan is to free more than 2,000 jailed activists of a banned Islamist militant group and allow the movement to contest elections, under a deal with the government struck to end weeks of violent clashes, negotiators on both sides said.

Explainer: Who are the Pakistani Islamists shouting "death to blasphemers"?

Nov 02 2021

ISLAMABAD Thousands of activists from the banned Tehrik-e-Labaik Pakistan (TLP) have clashed with security forces in Pakistan over the past two weeks, shouting "death to blasphemers" during demonstrations that have blocked the country's busiest highway and seen at least seven police killed in exchanges of gunfire.

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