DNA Islamabad, July 2: Consecutive increases in the US Fed interest rates have produced havocs in the macro-economy of Pakistan. It badly needs economic stimulation, support and inflows of FDIs to consolidate its draining foreign reserves, says a report published by Gwadar Pro on Tuesday. The report contributed by Dr Mehmood Ul Hassan Khan, Director of the Center for South Asia & International Studies (CSAIS) Islamabad, and regional expert on China, CPEC & BRI says, “Federal Reserve had raised interest rates by 75 basis points, bringing the target range to 2.25% to 2.5%. Read More

DNA ISLAMABAD: The PTI on Tuesday rejected the ruling of the Election Commission of Pakistan (ECP) that the party received prohibited funding. The ECP, in a unanimous verdict, said the commission found that 34 foreign donations were taken in fundraising. The donations were taken from America, Australia, Canada, and the UAE. In addition, PTI took funds from an American businessman, the ECP said. Unknown accounts have also come to light, said the commission in its verdict, adding that hiding accounts are a “violation” of Article 17 of the Constitution. TheRead More

Special Correspondent ISLAMABAD: The Election Commission of Pakistan, in a unanimous verdict on Tuesday, said it has found that the PTI received prohibited funding. The case was earlier referred to as the “foreign funding” case, but later the election commission accepted the PTI’s plea to refer to it as the “prohibited funding” case. The commission found that donations were taken from America, Australia, Canada and the UAE. PTI received funds from 34 individuals and 351 businesses including companies, the ECP verdict states. Thirteen unknown accounts have also come to light,Read More

ISLAMABAD – Election Commission of Pakistan (ECP) on Tuesday announced verdict in prohibited funding case against the Pakistan Tehreek-e-Insaf (PTI). ECP, in its unanimous verdict, ruled that the party received funds from business tycoon Arif Naqvi and from 34 foreign nationals. It went on to say that the party had taken ownership of eight accounts and kept 16 hidden. Unknown accounts have also come to light, said the commission in its verdict, adding that hiding accounts is a “violation” of Article 17 of the Constitution. The The electoral watchdog alsoRead More