The Financial Action Task Force (FATF) is a global watchdog fighting terror financing and money laundering. It is an intergovernmental organisation founded in 1989 during a G7 Summit. The Asia Pacific Group of the FATF has placed Pakistan in its so-called 'Grey List'. Grey List includes "Jurisdictions Under Increased Monitoring”.

What is FATF, and why Pakistan has been struggling to get out of its ‘Grey List'

There doesn't seem to be any respite for Pakistan, it is deprived of two of the most fundamental elements to run a democracy- political and economic stability. It desperately needs the International Monetary Fund on its side to come out of this

Pakistan economic crisis: 'Renegotiate energy deal with China,' IMF puts Pakistan in a tough spot

As Pakistan's economic situation worsens & external debt soars the IMF has asked the PM Shehbaz Sharif govt to renegotiate CPEC deals. Can Pakistan really do this? Palki Sharma tells you how Islamabad has no say in CPEC

Gravitas: Why Pakistan has no say in CPEC

A sigh of relief for Pakistan's prime minister Shehbaz Sharif and his son as a Pakistani court granted pre-arrest Bail to this father-son duo observing that there was lack of evidence against the two in the 78-million-dollar sugar scam case.

Pakistan court grants pre-arrest bail to PM Shehbaz Sharif & his son in sugar scam case

Pakistan’s overall inflation topped 13%, with food prices increasing 17% in the month of May. The government has slashed food and fuel subsidies to secure assistance from the IMF. How are low-income families in Pakistan navigating this crisis? Mariam Wardak tells you.

South Asia Diary: How are Pakistani families navigating record inflation?

Pakistan's finance minister has warned of default amid the ongoing economic crisis. More fuel price hikes are expected as Pakistan's IMF bailout is at risk due to subsidies.

Pakistan Economic Crisis: More fuel price hike expected as Pak IMF bailout at risk due to subsidies

Mothers bear extreme heat and effects of climate change- see pics

China and Pakistan have agreed to step up their defence and counter-terrorism cooperation amidst "challenging times", as Pakistan Army chief General Qamar Javed Bajwa held wide-ranging talks with the Chinese military leadership to further cement their all-weather strategic partnership.

General Bajwa, accompanied by top Pakistani defence officials, held talks with the Chinese team led by Vice Chairman Central Military Commission General Zhang Youxia in Qingdao, the capital city of east China's Shandong province on Sunday.

The tri-service military delegation of Pakistan visited China from June 9 to June 12 where it held wide-ranging discussions with senior officials of the Chinese military and other government departments, according to a statement by the Pakistan Army.

Also read |&nbsp;<a href="https://www.wionews.com/south-asia/reports-suggest-pakistan-budget-may-fall-short-of-unlocking-imf-loan-487882">Reports suggest Pakistan budget may fall short of unlocking IMF loan</a>

The Apex Meeting was held on Sunday where the Pakistani side was headed by General Bajwa, while the Chinese side was led by General Zhang.

Both sides discussed their perspectives on the international and regional security situation, and expressed satisfaction on defence cooperation between the two countries,&nbsp;according to the statement.

"Pakistan and China reaffirmed their strategic partnership in challenging times and agreed to continue the regular exchange of perspectives on issues of mutual interest. Both sides also vowed to enhance their training, technology and counter-terrorism cooperation at the tri-service level," it added.

"China and Pakistan are all-weather strategic cooperative partners," said Gen Zhang, noting that over the years, both sides have kept close coordination and firmly supported each other on issues concerning each other's core interests.

During the talks, Gen. Zhang said China is willing to strengthen communication, reinforce cooperation, deepen pragmatic exchanges with Pakistan, and properly deal with the complicated factors in the regional situation, so as to push the military-to-military relations for further development, the Chinese military said in a statement.

In the meeting, both sides strongly condemned the terrorist attack on the shuttle van of the Confucius Institute at the University of Karachi in Pakistan in April and stressed that any attempt to undermine the China-Pakistan friendship is doomed to fail, the statement said.

Watch |&nbsp;Pakistan economic crisis: 'Renegotiate energy deal with China,' IMF puts Pakistan in a tough spot

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Three Chinese teachers were killed when an explosion triggered by a burqa-clad woman suicide bomber from the Baluchistan Liberation Army (BLA) ripped through a van of the Confucius Institute at the prestigious University of Karachi on April 26.

The separatist BLA said it opposes Chinese investment in Pakistan's resource-rich Balochistan province, saying locals do not benefit.

The BLA has targeted Chinese nationals on a number of occasions, as has the Pakistani Taliban.

China is heavily involved in large infrastructure projects across Pakistan, including in the Balochistan province.

Gen Bajwa said that the Pakistan-China friendship is unbreakable and rock-solid. Pakistan will stand firmly with China at any time, no matter how the international and regional situation changes.

He stressed that Pakistan is ready to enhance dialogue and coordination with the Chinese military, carry out mutually beneficial cooperation, crack down on the terrorist forces, strive to improve the capabilities of both sides in dealing with various security challenges, safeguard the common interests of two countries, and make contributions to regional peace.

The visit was part of the Pak-China Joint Military Cooperation Committee (PCJMCC) - its apex committee is the highest military cooperation body.

Also read |&nbsp;<a href="https://www.wionews.com/world/china-and-india-working-on-peace-along-lac-says-chinese-defence-minister-wei-fenghe-487531">China and India working on peace along LAC, says Chinese defence minister Wei Fenghe</a>

The committee has two sub committees that include Joint Cooperation Military Affairs (JCMA) and Joint Cooperation Military Equipment &amp; Training (JCMET).

Relations between the two countries have grown steadily in all fields despite concerns by the West regarding China's growing influence in the region.

Pakistan relies on China for military equipment and recently Beijing provided J-10 fighter jets to counterbalance the strategic edge India gained after buying Rafale jets from France.

Their multifaceted cooperation has gained more importance in the context of fast-changing regional situations.&nbsp;

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China and Pakistan have agreed to step up their defence and counter-terrorism cooperation amidst "challenging times", as Pakistan Army chief General Qamar Javed Bajwa held wide-ranging talks with the Chinese military leadership to further cement their all-weather strategic partnership.

China and Pakistan have agreed to step up their defence and counter-terrorism cooperation amidst "challenging times", as Pakistan Army chief General Qamar Javed Bajwa held wide-ranging talks with the Chinese military leadership to further cement their all-weather strategic partnership. General Bajwa, accompanied by top Pakistani defence officials, held talks with the Chinese team led by Vice Chairman Central Military Commission General Zhang Youxia in Qingdao, the capital city of east China's Shandong province on Sunday. The tri-service military delegation of Pakistan visited China from June 9 to June 12 where it held wide-ranging discussions with senior officials of the Chinese military and other government departments, according to a statement by the Pakistan Army. Also read | Reports suggest Pakistan budget may fall short of unlocking IMF loan The Apex Meeting was held on Sunday where the Pakistani side was headed by General Bajwa, while the Chinese side was led by General Zhang. Both sides discussed their perspectives on the international and regional security situation, and expressed satisfaction on defence cooperation between the two countries, according to the statement. "Pakistan and China reaffirmed their strategic partnership in challenging times and agreed to continue the regular exchange of perspectives on issues of mutual interest. Both sides also vowed to enhance their training, technology and counter-terrorism cooperation at the tri-service level," it added. "China and Pakistan are all-weather strategic cooperative partners," said Gen Zhang, noting that over the years, both sides have kept close coordination and firmly supported each other on issues concerning each other's core interests. During the talks, Gen. Zhang said China is willing to strengthen communication, reinforce cooperation, deepen pragmatic exchanges with Pakistan, and properly deal with the complicated factors in the regional situation, so as to push the military-to-military relations for further development, the Chinese military said in a statement. In the meeting, both sides strongly condemned the terrorist attack on the shuttle van of the Confucius Institute at the University of Karachi in Pakistan in April and stressed that any attempt to undermine the China-Pakistan friendship is doomed to fail, the statement said. Watch | Pakistan economic crisis: 'Renegotiate energy deal with China,' IMF puts Pakistan in a tough spot Three Chinese teachers were killed when an explosion triggered by a burqa-clad woman suicide bomber from the Baluchistan Liberation Army (BLA) ripped through a van of the Confucius Institute at the prestigious University of Karachi on April 26. The separatist BLA said it opposes Chinese investment in Pakistan's resource-rich Balochistan province, saying locals do not benefit. The BLA has targeted Chinese nationals on a number of occasions, as has the Pakistani Taliban. China is heavily involved in large infrastructure projects across Pakistan, including in the Balochistan province. Gen Bajwa said that the Pakistan-China friendship is unbreakable and rock-solid. Pakistan will stand firmly with China at any time, no matter how the international and regional situation changes. He stressed that Pakistan is ready to enhance dialogue and coordination with the Chinese military, carry out mutually beneficial cooperation, crack down on the terrorist forces, strive to improve the capabilities of both sides in dealing with various security challenges, safeguard the common interests of two countries, and make contributions to regional peace. The visit was part of the Pak-China Joint Military Cooperation Committee (PCJMCC) - its apex committee is the highest military cooperation body. Also read | China and India working on peace along LAC, says Chinese defence minister Wei Fenghe The committee has two sub committees that include Joint Cooperation Military Affairs (JCMA) and Joint Cooperation Military Equipment & Training (JCMET). Relations between the two countries have grown steadily in all fields despite concerns by the West regarding China's growing influence in the region. Pakistan relies on China for military equipment and recently Beijing provided J-10 fighter jets to counterbalance the strategic edge India gained after buying Rafale jets from France. Their multifaceted cooperation has gained more importance in the context of fast-changing regional situations. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Militaries of Pakistan & China to step up defence and anti-terrorism cooperation amidst 'challenging times'

In an alleged democracy of Pakistan, agitators including young men and women who had gathered outside the assembly of the Sindh province in Pakistan were shoved, dragged and manhandled by the Pakistan police. These protesters were demanding the release of two missing Baloch students

Protests outside Sindh assembly in Pakistan over release of 2 missing Baloch students

Imran Khan predicts a civil war in Pakistan A missile for a missile game in the Korean peninsula Who killed 50 people in a church in Nigeria? & 3 mercenary soldiers sentenced to death in the Russia-Ukraine war Mohammed Saleh gets you an indepth report on the world's biggest conflict zones of the week in World At War

World at War: Imran Khan predicts a civil war in Pakistan

Pakistan's new government unveiled its first budget. This was much awaited by many because this government took birth out of a crisis and it adopted an economy completely wounded. IMF is concerned over the budget and urged Pakistan to raise more direct taxes.

IMF calls Pakistan's budget 'problematic', urges to raise more direct taxes

Pakistan Army has withdrawn all post-retirement benefits including pension and free medical cover of five retired army officers, according to local media.

The officers include at least one former-major general, for being part of the anti-army campaign, The News International reported citing sources.The source said that action against these officers was taken last month after following legal procedures and giving the ex-servicemen a chance to defend their position.

Also read |&nbsp;<a href="https://www.wionews.com/south-asia/debt-ridden-pakistan-imposes-luxury-tax-on-big-cars-for-hard-times-487101">Debt-ridden Pakistan imposes ‘luxury tax’ on big cars for 'hard times'</a>

"The GHQ had proceeded against the five retired officers at least two weeks before PMLN Vice President Maryam Nawaz spoke on the issue," one of these sources said, according to The News International.

Meanwhile, the Pakistani government has proposed an allocation of PKR 1.523 trillion for defence services for the fiscal year 2022-23, with an increase of 11.16 per cent over the initial allocation for the outgoing year (2021-22).

Citing the budget documents tabled in the National Assembly, Dawn newspaper reported that the allocation makes up nearly 1.94 per cent of the GDP and 16 per cent of the total expenditure planned by the government for the next year.

Watch |&nbsp;Pakistan budgeting for tougher days? Islamabad ups petroleum levy

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The hike is almost at par with the average inflation calculated for the year ending on June 30, the newspaper said.

Dawn citing a source, last week said that defence spending in the next year would be increased by 6 per cent to PKR 1.45 trillion.

On Friday, Finance Minister Miftah Ismail presented the budget of 9.5 trillion rupees for the upcoming fiscal year starting from July 2022 to June 2023 at the Lower House of the country`s parliament.

Also read |&nbsp;<a href="https://www.wionews.com/south-asia/wedding-ceremonies-banned-in-islamabad-after-10-pm-to-conserve-electricity-486544">Wedding ceremonies banned in Islamabad after 10 pm to conserve electricity</a>

A day after the federal budget, Ismail on Saturday said that Pakistan is going through a "very difficult" phase.

"I have never seen a more difficult time in the past 30 years where on the one hand, the international environment is very challenging and the government or administration has worsened and nothing was done to resolve issues," Dawn quoted the Pakistan Finance Minister as saying.

Pakistani Prime Minister Shehbaz Sharif called the budget balanced, progressive and pro-people.

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Pakistan Army has withdrawn all post-retirement benefits including pension and free medical cover of five retired army officers, according to local media. The officers include at least one former-major general, for being part of the anti-army campaign, The News International reported citing sources.

Pakistan Army has withdrawn all post-retirement benefits including pension and free medical cover of five retired army officers, according to local media. The officers include at least one former-major general, for being part of the anti-army campaign, The News International reported citing sources.The source said that action against these officers was taken last month after following legal procedures and giving the ex-servicemen a chance to defend their position. Also read | Debt-ridden Pakistan imposes ‘luxury tax’ on big cars for 'hard times' "The GHQ had proceeded against the five retired officers at least two weeks before PMLN Vice President Maryam Nawaz spoke on the issue," one of these sources said, according to The News International. Meanwhile, the Pakistani government has proposed an allocation of PKR 1.523 trillion for defence services for the fiscal year 2022-23, with an increase of 11.16 per cent over the initial allocation for the outgoing year (2021-22). Citing the budget documents tabled in the National Assembly, Dawn newspaper reported that the allocation makes up nearly 1.94 per cent of the GDP and 16 per cent of the total expenditure planned by the government for the next year. Watch | Pakistan budgeting for tougher days? Islamabad ups petroleum levy The hike is almost at par with the average inflation calculated for the year ending on June 30, the newspaper said. Dawn citing a source, last week said that defence spending in the next year would be increased by 6 per cent to PKR 1.45 trillion. On Friday, Finance Minister Miftah Ismail presented the budget of 9.5 trillion rupees for the upcoming fiscal year starting from July 2022 to June 2023 at the Lower House of the country`s parliament. Also read | Wedding ceremonies banned in Islamabad after 10 pm to conserve electricity A day after the federal budget, Ismail on Saturday said that Pakistan is going through a "very difficult" phase. "I have never seen a more difficult time in the past 30 years where on the one hand, the international environment is very challenging and the government or administration has worsened and nothing was done to resolve issues," Dawn quoted the Pakistan Finance Minister as saying. Pakistani Prime Minister Shehbaz Sharif called the budget balanced, progressive and pro-people. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Pakistan withdraws pensionary benefits of five former-servicemen: Report

Pakistan will boost taxes on the wealthy, reduce tax evasion, and privatise government assets in order to persuade the International Monetary Fund (IMF) to release bailout funds. The 220 million-strong country is in the midst of a balance-of-payments crisis, with foreign reserves sliding below $10 billion, just enough to cover 45 days of imports, and growing current account and fiscal deficits.

Miftah Ismail, Pakistan's finance minister, announced on Friday that the country's budget for 2022/23, which begins on July 1, will levy a 2% surcharge on persons earning more than 30 million rupees per year.

He stated that the government's goal for privatisation in 2022/23 is to raise 96 billion rupees. The government did not receive any funds from privatisation during the current fiscal year.

To cut down on fuel use, Ismail prohibited government personnel from purchasing new cars for personal or official use.

"We have started difficult decisions... but it is not the end of taking difficult decisions," Ismail said.

Watch | Gravitas: Pakistan can run out of cash in "less than 2 months"

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Because Pakistan had departed from measures established in the last review under the multinational agency's Extended Fund Facility programme, the IMF had asked Pakistan to rectify its rising budget and current account deficits before issuing a rescue package.

The IMF has yet to approve the release of more than $900 million under its $6 billion, 39-month programme.

Ismail stated that the government would eliminate tax cheating, resulting in a 20 percent rise in revenue to 7 trillion rupees ($34.65 billion) in 2022/23 and a reduction in the deficit.

Ismail said the government will aim for a fiscal deficit of 4.9 percent of gross domestic product in 2022/23, down from an expected 8.6 percent this year.

The government has already taken one of the most important measures toward achieving the IMF's terms, removing costly fuel subsidies, by raising fuel prices by 40%.

"Budget FY23 is an attempt to satisfy IMF on key matters relating to revenue collection, subsidy reductions and attainment of fiscal discipline," said Umair Naseer from Topline Research, a brokerage. 
&nbsp;

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Pakistan will boost taxes on the wealthy, reduce tax evasion, and privatise government assets in order to persuade the International Monetary Fund (IMF) to release bailout funds.

Pakistan will boost taxes on the wealthy, reduce tax evasion, and privatise government assets in order to persuade the International Monetary Fund (IMF) to release bailout funds. The 220 million-strong country is in the midst of a balance-of-payments crisis, with foreign reserves sliding below $10 billion, just enough to cover 45 days of imports, and growing current account and fiscal deficits. Miftah Ismail, Pakistan's finance minister, announced on Friday that the country's budget for 2022/23, which begins on July 1, will levy a 2% surcharge on persons earning more than 30 million rupees per year. He stated that the government's goal for privatisation in 2022/23 is to raise 96 billion rupees. The government did not receive any funds from privatisation during the current fiscal year. To cut down on fuel use, Ismail prohibited government personnel from purchasing new cars for personal or official use. "We have started difficult decisions... but it is not the end of taking difficult decisions," Ismail said. Watch | Gravitas: Pakistan can run out of cash in "less than 2 months" Because Pakistan had departed from measures established in the last review under the multinational agency's Extended Fund Facility programme, the IMF had asked Pakistan to rectify its rising budget and current account deficits before issuing a rescue package. The IMF has yet to approve the release of more than $900 million under its $6 billion, 39-month programme. Ismail stated that the government would eliminate tax cheating, resulting in a 20 percent rise in revenue to 7 trillion rupees ($34.65 billion) in 2022/23 and a reduction in the deficit. Ismail said the government will aim for a fiscal deficit of 4.9 percent of gross domestic product in 2022/23, down from an expected 8.6 percent this year. The government has already taken one of the most important measures toward achieving the IMF's terms, removing costly fuel subsidies, by raising fuel prices by 40%. "Budget FY23 is an attempt to satisfy IMF on key matters relating to revenue collection, subsidy reductions and attainment of fiscal discipline," said Umair Naseer from Topline Research, a brokerage. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Debt-ridden Pakistan imposes ‘luxury tax’ on big cars for 'hard times'

Cash-strapped Pakistan has unveiled its annual budget. Instead of offering incentives to the common man, Islamabad has hiked its defence budget by 6%. It has also set aside funds to fast-track CPEC projects. Palki Sharma reports.

Gravitas: Pakistan unveils annual budget for 2022

In a police report to Pakistan's court, Islamabad police has blamed Imran Khan for May 25th protest march violence. Meanwhile, Imran's ally Pervez Elahi spoke about PTI's march.

Pakistan: Imran Khan's ally clears air on his stir

Pakistan has increased its petroleum levy as it unveiled a new budget amid the ongoing economic crisis. Its defence expenditure is however up by 11%.

Pakistan budgeting for tougher days? Islamabad ups petroleum levy

Dual crises have gripped Pakistan's Karachi during a heatwave. It is battling both water and power crises. Meanwhile, power shortage has ravaged the south-Asian nation's economy.

Pakistan Economic Crisis: Karachi battles water & power crises amid heatwave

Pakistan is devising ways to tackle the energy crisis in the country in a bid to reduce the energy and fuel consumption. The economically beleaguered country has reduced its official work week to five days from six and now a proposal to shut down markets early is also under consideration.

Soaring energy prices in Pakistan: Proposal to shut down markets early to tackle energy crisis

Pakistan politician & popular TV host Aamir Liaquat has passed away. Cops have ruled out foul play. Liaquat was declared dead on arrival at a hospital.

Pakistan politician & popular TV host Aamir Liaquat passes away

Pakistan politician & popular TV host Aamir Liaquat has passed away. Liaquat was declared dead on arrival at a hospital. However, the police is currently investigating the report, WION's Anas Mallick brings you more on this.

Pakistan mourns sudden demise of politician & popular TV host Aamir Liaquat, cops probe death

On Wednesday, A Hindu Temple was vandalised in Pakistan, idols of Hindu deities were desecrated, the temple's priest was attacked. No arrests have been made, no official statements have been issued. Palki Sharma asks: Why is there no global condemnation?

Gravitas: Hindu Temple attacked in Karachi

Former Pakistan President Pervez Musharraf is unwell and reportedly critical, his close aide and former information minister Fawad Chaudhry said on Friday (June 10). "Musharraf is critical as he is on a ventilator," Chaudhry told PTI.&nbsp;

It is understood that&nbsp;Musharraf is out of a ventilator. He was not well earlier but is stable now.

Gen. Musharraf ruled Pakistan from 1999 to 2008.&nbsp;

On Friday, news about his demise was circulated by a section of media that appeared to be untrue as his family said that he is "not on the ventilator". The family also said that his organs are malfunctioning. Several tweets about his death were deleted later.&nbsp;

A message on Musharraf's official Twitter handle read: "He is not on the ventilator. Has been hospitalized for the last 3 weeks due to a complication of his ailment (Amyloidosis)."&nbsp;

"Going through a difficult stage where recovery is not possible and organs are malfunctioning. Pray for ease in his daily living," the message further added.&nbsp;

<div class="ui-state-default" contenteditable="false">
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<blockquote class="twitter-tweet">
Message from Family: 
 
He is not on the ventilator. Has been hospitalized for the last 3 weeks due to a complication of his ailment (Amyloidosis). Going through a difficult stage where recovery is not possible and organs are malfunctioning. Pray for ease in his daily living. <a href="https://t.co/xuFIdhFOnc">pic.twitter.com/xuFIdhFOnc</a>
— Pervez Musharraf (@P_Musharraf) <a href="https://twitter.com/P_Musharraf/status/1535238352387063814?ref_src=twsrc%5Etfw">June 10, 2022</a></blockquote>
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<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

Meanwhile, Fawad Chaudhry said that he spoke to Musharraf's son who confirmed his illness. "I have just spoken to Gen Musharraf's son Bilal in Dubai who confirmed that he (Musharraf) is on ventilator," said Chaudhry, who was the information minister in the Imran Khan government and was once a media spokesperson for Musharraf.&nbsp;

Musharraf left for Dubai in March 2016 for medical treatment and has not returned since. He is facing a treason case for suspending the Constitution in 2007. He has also been declared a fugitive in former Prime Minister Benazir Bhutto's murder case and the Red Mosque cleric killing case.&nbsp;

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Former Pakistan President Pervez Musharraf is unwell and reportedly critical, his close aide and former information minister Fawad Chaudhry said on Friday (June 10).

Former Pakistan President Pervez Musharraf is unwell and reportedly critical, his close aide and former information minister Fawad Chaudhry said on Friday (June 10). "Musharraf is critical as he is on a ventilator," Chaudhry told PTI. It is understood that Musharraf is out of a ventilator. He was not well earlier but is stable now. Gen. Musharraf ruled Pakistan from 1999 to 2008. On Friday, news about his demise was circulated by a section of media that appeared to be untrue as his family said that he is "not on the ventilator". The family also said that his organs are malfunctioning. Several tweets about his death were deleted later. A message on Musharraf's official Twitter handle read: "He is not on the ventilator. Has been hospitalized for the last 3 weeks due to a complication of his ailment (Amyloidosis)." "Going through a difficult stage where recovery is not possible and organs are malfunctioning. Pray for ease in his daily living," the message further added. Message from Family: He is not on the ventilator. Has been hospitalized for the last 3 weeks due to a complication of his ailment (Amyloidosis). Going through a difficult stage where recovery is not possible and organs are malfunctioning. Pray for ease in his daily living. pic.twitter.com/xuFIdhFOnc — Pervez Musharraf (@P_Musharraf) June 10, 2022 × Meanwhile, Fawad Chaudhry said that he spoke to Musharraf's son who confirmed his illness. "I have just spoken to Gen Musharraf's son Bilal in Dubai who confirmed that he (Musharraf) is on ventilator," said Chaudhry, who was the information minister in the Imran Khan government and was once a media spokesperson for Musharraf. Musharraf left for Dubai in March 2016 for medical treatment and has not returned since. He is facing a treason case for suspending the Constitution in 2007. He has also been declared a fugitive in former Prime Minister Benazir Bhutto's murder case and the Red Mosque cleric killing case. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Pervez Musharraf stable and out of a ventilator; family says 'recovery not possible, organs malfunctioning'

Pakistan has reported yet another attack on a Hindu temple this time in Karachi. Violence against a minority Hindu population in the nation is rampant, the attack further highlights the need for safeguarding the rights of religious minorities.

Idols destroyed inside Karachi temple, another attack on Hindu minority in Pakistan

Pakistan: TV host Aamir Liaquat passes away

Pakistan's history has been turbulent, with multiple political leaders assassinated since the country's founding in 1947. The latest who is receiving death threats is former prime minister Imran Khan. Here's a list of Pakistan leaders who have been assassinated.

Assassination of Pakistani leaders: A long history littered with conspiracies and hatred

Pakistan tackles energy crisis

Pakistan has launched an 'austerity drive'. Foreign trips of govt officials have been banned, their petrol quota has been slashed, even subsidised meals at govt offices have been restricted. Palki Sharma reports.

Gravitas: Pakistan launches 'austerity drive'

In a bid to conserve energy, the cash-strapped Pakistan government has decided to ban wedding functions in Islamabad city after 10 pm and shut markets across the country at 8.30 pm, according to media reports on Wednesday.

Pakistan, which is facing a worsening power crisis, has taken various steps to bring down the consumption of electricity to reduce load shedding, will now ban wedding functions after 10 pm in Islamabad with effect from June 8, Geo News reported.

The current power crisis in the country, which has also affected Pakistan's economy, has forced the National Economic Council (NEC) to order the closure of markets across the country at 8.30 pm (local time).

Also read |&nbsp;<a href="https://www.wionews.com/south-asia/pakistani-rupee-nosedives-to-all-time-low-of-20283-against-us-dollar-486263">Pakistani rupee nosedives to all-time low of 202.83 against US dollar</a>

The Wednesday decision, taken during a meeting chaired by Prime Minister Shehbaz Sharif and attended by the chief ministers of all provinces, except for Khyber Pakhtunkhwa CM, was taken in order to deal with the energy crisis.

A statement issued to this effect added that chief ministers of Sindh, Punjab, and Balochistan have sought two days' time to hold consultations with the traders' association, but agreed to the move.

Power Minister Khurrum Dastagir in an address to the press said the early closure of markets and work-from-home arrangements could save electricity.

"The electricity being produced in the country is 22,000 MW and the requirement is 26,000 MW,"&nbsp;said the minister, adding that there was about 4,000MW energy shortfall in the country.

The federal cabinet has also restored the Saturday holiday in government offices to curb the use of energy and gradually bring down electricity load shedding to two hours a day by the end of June.

The Daily Times newspaper quoting sources, reported that the restriction on wedding functions in the country's capital is being implemented on the instructions of Prime Minister Shahbaz Sharif.

Watch |&nbsp;Pakistan: Govt announces cost-cutting measures, launches austerity drive

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The Islamabad Police and city administration have been directed to strictly implement the ban, the sources said.

The sources said that in case of violation, strict action will be taken by Islamabad administration.

Geo News also reported that only one dish will be allowed at the wedding functions in the capital.

A notification to this effect will be issued soon, it said.

With the economy in tatters and political instability looming large due to protests by former prime minister Imran Khan, there is increasing threat of Pakistan going the Sri Lankan way if quick measures are not taken.

Prime Minister Sharif said on Tuesday that Pakistan did not have enough money to buy oil and gas, ARY News reported.

Long queues were witnessed outside fuelling stations in Karachi, Rawalpindi and Islamabad as panic stricken citizens, following Finance Minister Miftah Ismail's remarks about a possible hike, queued up at petrol pumps while several filling stations shut down, forcing the finance minister to issue a clarification saying the government was not planning to further increase fuel prices.

Also read |&nbsp;<a href="https://www.wionews.com/south-asia/right-to-inheritance-and-property-far-cry-for-women-in-pakistan-486100">Right to inheritance and property 'far cry' for women in Pakistan</a>

While addressing a day-long pre-budget business conference in Islamabad on Tuesday, Sharif said there could be no economic stability without political stability in the country, adding that there was the need for a "Charter of Economy,"&nbsp;which would lead to long-term stability.

Pakistan's foreign exchange reserves are under severe stress and declined by USD 190 million to USD 10.308 billion during the week ended on May 6, according to the State Bank of Pakistan (SBP).

Pakistan is looking towards the International Monetary Fund (IMF) to restore a USD 6 billion package agreed in 2019. So far half of the promised money had been given. Pakistan would immediately get a USD 1 billion loan tranche from the IMF once the two sides sort out their differences, according to media reports.

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In a bid to conserve energy, the cash-strapped Pakistan government has decided to ban wedding functions in Islamabad city after 10 pm and shut markets across the country at 8.

In a bid to conserve energy, the cash-strapped Pakistan government has decided to ban wedding functions in Islamabad city after 10 pm and shut markets across the country at 8.30 pm, according to media reports on Wednesday. Pakistan, which is facing a worsening power crisis, has taken various steps to bring down the consumption of electricity to reduce load shedding, will now ban wedding functions after 10 pm in Islamabad with effect from June 8, Geo News reported. The current power crisis in the country, which has also affected Pakistan's economy, has forced the National Economic Council (NEC) to order the closure of markets across the country at 8.30 pm (local time). Also read | Pakistani rupee nosedives to all-time low of 202.83 against US dollar The Wednesday decision, taken during a meeting chaired by Prime Minister Shehbaz Sharif and attended by the chief ministers of all provinces, except for Khyber Pakhtunkhwa CM, was taken in order to deal with the energy crisis. A statement issued to this effect added that chief ministers of Sindh, Punjab, and Balochistan have sought two days' time to hold consultations with the traders' association, but agreed to the move. Power Minister Khurrum Dastagir in an address to the press said the early closure of markets and work-from-home arrangements could save electricity. "The electricity being produced in the country is 22,000 MW and the requirement is 26,000 MW," said the minister, adding that there was about 4,000MW energy shortfall in the country. The federal cabinet has also restored the Saturday holiday in government offices to curb the use of energy and gradually bring down electricity load shedding to two hours a day by the end of June. The Daily Times newspaper quoting sources, reported that the restriction on wedding functions in the country's capital is being implemented on the instructions of Prime Minister Shahbaz Sharif. Watch | Pakistan: Govt announces cost-cutting measures, launches austerity drive The Islamabad Police and city administration have been directed to strictly implement the ban, the sources said. The sources said that in case of violation, strict action will be taken by Islamabad administration. Geo News also reported that only one dish will be allowed at the wedding functions in the capital. A notification to this effect will be issued soon, it said. With the economy in tatters and political instability looming large due to protests by former prime minister Imran Khan, there is increasing threat of Pakistan going the Sri Lankan way if quick measures are not taken. Prime Minister Sharif said on Tuesday that Pakistan did not have enough money to buy oil and gas, ARY News reported. Long queues were witnessed outside fuelling stations in Karachi, Rawalpindi and Islamabad as panic stricken citizens, following Finance Minister Miftah Ismail's remarks about a possible hike, queued up at petrol pumps while several filling stations shut down, forcing the finance minister to issue a clarification saying the government was not planning to further increase fuel prices. Also read | Right to inheritance and property 'far cry' for women in Pakistan While addressing a day-long pre-budget business conference in Islamabad on Tuesday, Sharif said there could be no economic stability without political stability in the country, adding that there was the need for a "Charter of Economy," which would lead to long-term stability. Pakistan's foreign exchange reserves are under severe stress and declined by USD 190 million to USD 10.308 billion during the week ended on May 6, according to the State Bank of Pakistan (SBP). Pakistan is looking towards the International Monetary Fund (IMF) to restore a USD 6 billion package agreed in 2019. So far half of the promised money had been given. Pakistan would immediately get a USD 1 billion loan tranche from the IMF once the two sides sort out their differences, according to media reports. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Wedding ceremonies banned in Islamabad after 10 pm to conserve electricity

Shehbaz Sharif's government in Pakistan has launched an austerity drive ahead of its June 10th annual budget. Pakistan's government announced a list of measures applicable on all departments and officials to curb unnecessary expenditure.

Islamabad launches Austerity Drive | Pakistan announces measures for government offices and employees

The Pakistani rupee on Tuesday surpassed all prior records against the US dollar after shedding sheds Rs 2.77, or 1.37 per cent, against the US dollar in the interbank market.

It plummeted to an all-time low of 202.83 against the US dollar in the interbank market as demand increased due to oil-related payments and ambiguity regarding the revival of the multibillion, reported Geo News.

According to data released by the State Bank of Pakistan (SBP), the local currency surpassed its previous record low of Rs 202 recorded on May 26.

Also read |&nbsp;<a href="https://www.wionews.com/south-asia/right-to-inheritance-and-property-far-cry-for-women-in-pakistan-486100">Right to inheritance and property 'far cry' for women in Pakistan</a>

Moreover, for the first time in its history, the local currency made a historical drop of Rs 4.00 in a single day and surpassed Rs 204 threshold against the greenback in the interbank market during the intraday trade, reported Geo News.

Moreover, during the day the currency faced renewed pressure after foreign currency inflows from overseas Pakistanis through their Roshan Digital Account (RDA) dived to a 15-month low at USD 189 million in May 2022.

The market reversed the free fall and closed the day with a loss of nearly Rs 3.

This was the third consecutive workday free-fall of the rupee.In the open market, the rupee closed at a historic low of 204 against the greenback, according to the Forex Association of Pakistan.

Watch |&nbsp;Pakistan: Govt announces cost-cutting measures, launches austerity drive

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Speaking to Geo News, Arif Habib Limited Head of Research Tahir Abbas said the currency is under pressure due to pending oil payments and rising oil prices in the international market.

"The plunge came on the back of a mammoth import bill and widened the current account deficit," the analyst said.

Abbas added that the market is keeping a close eye on the developments regarding the International Monetary Fund (IMF) programme, which is expected to be revived after the announcement of the budget as the government is taking all possible steps to meet the conditions laid forth by the Fund.

The recent bearish spell began after the government hiked the price of petroleum products by a major Rs 60 per litre as a result of removing subsidies -- one of the main demands of the money lender.

Also read |&nbsp;<a href="https://www.wionews.com/south-asia/pakistan-needs-usd-41-billion-in-next-12-months-says-finance-minister-486098">Pakistan needs USD 41 billion in next 12 months, says finance minister</a>

Traders believe caution can be expected this week ahead of the unveiling of the federal budget for the fiscal year 2022-23 scheduled to be announced on June 10 (Friday), with investors expecting IMF conditions of fiscal consolidation to dominate.

Renewed pressure on the rupee on an increase in fiscal-year-end dollar demand from importers and the corporate sector will keep the local currency under pressure.

Since the beginning of this fiscal year (July 1, 2021) to date, the rupee has collectively dropped by a massive 30.65 per cent (or Rs 48.29) compared to the previous fiscal year`s close at Rs 157.54.

The rupee has maintained a downward trend for the last 13 months. It has lost 33.20 per cent (or Rs 50.56) to date, compared to the record high of Rs 152.27 recorded in May 2021.

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The Pakistani rupee on Tuesday surpassed all prior records against the US dollar after shedding sheds Rs 2.77, or 1.37 per cent, against the US dollar in the interbank market.

The Pakistani rupee on Tuesday surpassed all prior records against the US dollar after shedding sheds Rs 2.77, or 1.37 per cent, against the US dollar in the interbank market. It plummeted to an all-time low of 202.83 against the US dollar in the interbank market as demand increased due to oil-related payments and ambiguity regarding the revival of the multibillion, reported Geo News. According to data released by the State Bank of Pakistan (SBP), the local currency surpassed its previous record low of Rs 202 recorded on May 26. Also read | Right to inheritance and property 'far cry' for women in Pakistan Moreover, for the first time in its history, the local currency made a historical drop of Rs 4.00 in a single day and surpassed Rs 204 threshold against the greenback in the interbank market during the intraday trade, reported Geo News. Moreover, during the day the currency faced renewed pressure after foreign currency inflows from overseas Pakistanis through their Roshan Digital Account (RDA) dived to a 15-month low at USD 189 million in May 2022. The market reversed the free fall and closed the day with a loss of nearly Rs 3. This was the third consecutive workday free-fall of the rupee.In the open market, the rupee closed at a historic low of 204 against the greenback, according to the Forex Association of Pakistan. Watch | Pakistan: Govt announces cost-cutting measures, launches austerity drive Speaking to Geo News, Arif Habib Limited Head of Research Tahir Abbas said the currency is under pressure due to pending oil payments and rising oil prices in the international market. "The plunge came on the back of a mammoth import bill and widened the current account deficit," the analyst said. Abbas added that the market is keeping a close eye on the developments regarding the International Monetary Fund (IMF) programme, which is expected to be revived after the announcement of the budget as the government is taking all possible steps to meet the conditions laid forth by the Fund. The recent bearish spell began after the government hiked the price of petroleum products by a major Rs 60 per litre as a result of removing subsidies -- one of the main demands of the money lender. Also read | Pakistan needs USD 41 billion in next 12 months, says finance minister Traders believe caution can be expected this week ahead of the unveiling of the federal budget for the fiscal year 2022-23 scheduled to be announced on June 10 (Friday), with investors expecting IMF conditions of fiscal consolidation to dominate. Renewed pressure on the rupee on an increase in fiscal-year-end dollar demand from importers and the corporate sector will keep the local currency under pressure. Since the beginning of this fiscal year (July 1, 2021) to date, the rupee has collectively dropped by a massive 30.65 per cent (or Rs 48.29) compared to the previous fiscal year`s close at Rs 157.54. The rupee has maintained a downward trend for the last 13 months. It has lost 33.20 per cent (or Rs 50.56) to date, compared to the record high of Rs 152.27 recorded in May 2021. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Pakistani rupee nosedives to all-time low of 202.83 against US dollar

Cash-strapped Pakistan, which is looking for ways to rein in inflation and save electricity, has announced a series of austerity measures to tackle the nationwide fuel crisis.

Among the significant measures were the curtailment of overseas trips for officials, fuel quotas for government employees to be cut by 40 per cent, and reimposing five-day workweek.

The move comes at a time when the South Asian country is hit by hours-long power outages, with demand outstripping supply during the peak summer months. Soaring global fuel prices have also increased pressure on the external account and the local currency has hit record lows against the dollar.

Apart from that, announcements were made to stop purchases of new vehicles for use by officials and appliances such as air conditioners.

Speaking to reporters, Information Minister Marriyum Aurangzeb said the nation is aiming to lower energy consumption at government offices by 10 per cent.

Lunches, dinners and high teas will no longer be served to officials, and the government will also consider&nbsp;making&nbsp;Friday a mandatory work-from-home day for its employees.

Watch |&nbsp;Climate Change Impact: 'Pakistan to become water-scarce country'

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Aurangzeb said Prime Minister Shehbaz Sharif had formed a committee to determine how “efficiency is not affected” and how the government “may benefit from it in an effective manner”.

Discussions are being carried out with to switch off streetlights on alternate days.

“A complete ban has been imposed on official visits by government officials, functionaries and ministries. Only obligatory visits and very important bilateral visits will be allowed,” she said, adding that a committee would decide the importance of each visit before giving approval.

Also read |&nbsp;<a href="https://www.wionews.com/south-asia/pakistan-needs-usd-41-billion-in-next-12-months-says-finance-minister-486098" hreflang="en">Pakistan needs USD 41 billion in next 12 months, says finance minister</a>

Aurangzeb said there was currently a gap of 4,600 megawatts between supply and demand, with supply at 21,000 megawatts and demand at 25,600 megawatts.

In the wake of soaring energy prices, Pakistan is facing a balance of payment crisis with forex reserves falling below $10 billion, enough for around 45 days of imports, as well as double-digit inflation.

(With inputs from agencies)

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Cash-strapped Pakistan, which is looking for ways to rein in inflation and save electricity, has announced a series of austerity measures to tackle the nationwide fuel crisis.

Cash-strapped Pakistan, which is looking for ways to rein in inflation and save electricity, has announced a series of austerity measures to tackle the nationwide fuel crisis. Among the significant measures were the curtailment of overseas trips for officials, fuel quotas for government employees to be cut by 40 per cent, and reimposing five-day workweek. The move comes at a time when the South Asian country is hit by hours-long power outages, with demand outstripping supply during the peak summer months. Soaring global fuel prices have also increased pressure on the external account and the local currency has hit record lows against the dollar. Apart from that, announcements were made to stop purchases of new vehicles for use by officials and appliances such as air conditioners. Speaking to reporters, Information Minister Marriyum Aurangzeb said the nation is aiming to lower energy consumption at government offices by 10 per cent. Lunches, dinners and high teas will no longer be served to officials, and the government will also consider making Friday a mandatory work-from-home day for its employees. Watch | Climate Change Impact: 'Pakistan to become water-scarce country' Aurangzeb said Prime Minister Shehbaz Sharif had formed a committee to determine how “efficiency is not affected” and how the government “may benefit from it in an effective manner”. Discussions are being carried out with to switch off streetlights on alternate days. “A complete ban has been imposed on official visits by government officials, functionaries and ministries. Only obligatory visits and very important bilateral visits will be allowed,” she said, adding that a committee would decide the importance of each visit before giving approval. Also read | Pakistan needs USD 41 billion in next 12 months, says finance minister Aurangzeb said there was currently a gap of 4,600 megawatts between supply and demand, with supply at 21,000 megawatts and demand at 25,600 megawatts. In the wake of soaring energy prices, Pakistan is facing a balance of payment crisis with forex reserves falling below $10 billion, enough for around 45 days of imports, as well as double-digit inflation. (With inputs from agencies) WATCH WION LIVE HERE

Cash-strapped Pakistan announces austerity measures as soaring energy cost, inflation bite hard

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