ISLAMABAD – The Pandora Papers have uncovered further levels of corruption in Nawaz Sharif and Asif Ali Zardari, according to Federal Minister for Information and Broadcasting Chaudhry Fawad Hussain. He said in a tweet that Sharjeel Memon and Ali Dar, Nawaz Sharif’s son-in-law and Ishaq Dar’s son, had no statusRead More →
ISLAMABAD, Pakistan – The provisional revenue collection numbers for the first quarter of FY 2021-22 have been issued by the Federal Board of Revenue (FBR). FBR received net revenue of Rs.1,395 billion in the first quarter of the current Financial Year, surpassing the objective of Rs. 1,211 billion by Rs.Read More →
ISLAMABAD: Finance Minister Shaukat Tarin said on Thursday that commerce with Afghanistan will be conducted in Pakistani currency due to a dollar scarcity in Kabul. Senator Senator Talha Mehmood, who chairs the Senate Standing Committee on Finance, made the decision during a meeting of the committee. According to Tarin, theRead More →
Pakistan’s most pressing need, according to Prime Minister Imran Khan, is to enhance its riches, he stated Monday during the groundbreaking ceremony of an international five-star hotel in Nathia Gali. According to the prime minister, the administration is working hard to create the rule of law in the country inRead More →
KARACHI: The State Bank of Pakistan (SBP) has received $2.75 billion in Special Drawing Rights (SDRs) from the International Monetary Fund (IMF), bringing the central bank’s foreign exchange holdings to an all-time high of $20.14 billion. The central bank’s foreign currency reserves on August 27 were $20,145.6 million, according toRead More →
KARACHI: According to Channel News, the Sindh government has decided to impose an emergency lockdown till August 8 as the province continues to face a worrisome increase of COVID-19 infections. It will take effect the next day (Saturday). This was agreed during a coronavirus task force meeting on Friday, whichRead More →
ISLAMABAD: Dr. Ishrat Hussain, the Prime Minister’s Adviser on Institutional Reforms and Austerity, has resigned, according to reports. The resignation letter was sent to Prime Minister Imran Khan’s office. The prime, on the other hand, has not yet authorised Dr Hussain’s resignation. Since the PTI established government in 2018, DrRead More →
The State Bank of Pakistan has chosen to keep the policy rate at 7% for the next two months, according to Dr Reza Baqir, the central bank’s governor. “The Monetary Policy Committee (MPC) agreed to keep the policy rate at 7% at its meeting on July 27, 2021,” the SBPRead More →
KARACHI: Pakistan’s remittances from abroad grew at a nearly two-decade high pace in the previous fiscal year of 2020-21, providing significant assistance to the external sector, according to statistics released by the central bank on Tuesday. “Despite the tough global economic conditions in the previous year, these [remittances] helped strengthenRead More →
Prime Minister Imran Khan unveiled Pakistan’s first domestically produced electric motorbike on Thursday.The prime minister said the debut of the electric motorbike was a “futuristic stride” and that his government’s new electric vehicle (EV) policy laid out a strategy and established a future direction at a ceremony in Islamabad.The introductionRead More →
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