Imran Khan, the former Prime Minister of Pakistan, has been nominated for the coveted Nobel Peace Prize, “in recognition of his contributions to human rights and democracy in Pakistan.” Partiet Sentrum, a Norwegian political party, announced the nomination, confirming that it had collaborated with an eligible nominator to submit Khan’sRead More →
10,468 commercial plots owned by Bahria Town Karachi have been ordered to be frozen by the National Accountability Bureau (NAB). Following an inquiry that revealed substantial evidence of corruption, Javed Akbar Riaz, the Director-General (DG) of NAB Karachi, issued these directives. The NAB claims that the inquiry found extensive corruptionRead More →
During the World Economic Forum in Davos, Switzerland, US President Donald Trump informed business executives that he wants to reduce global energy costs, interest rates, and taxes. He also threatened to impose tariffs on companies who manufacture their goods elsewhere. “I’ll insist on an instant reduction in interest rates. Similarly,Read More →
WASHINGTON: Donald Trump declared the beginning of a “golden age” in the United States after taking the oath of office for a historic second term as president on Monday (Jan 20), using his inaugural speech to strike out at what he characterized as a “broken” society that he would rescue.Read More →
National Assembly Speaker Ayaz Sadiq replied to criticism from PTI leaders on Wednesday, noting that his responsibility is to foster communication between the government and opposition, not to organize meetings with Imran Khan. Ayaz Sadiq responded to the criticism by clarifying that scheduling Imran Khan’s meeting with party leaders isRead More →
With the economy under great strain, as seen by depleted foreign reserves, a rising current account deficit, and the currency plunging to a historic low, Pakistan must act quickly to reactivate the International Monetary Fund programme in order to avert a Sri Lanka-style collapse. “In order to re-enter the program,Read More →
The Pakistan Tehreek-e-Insaf (PTI) government borrowed $52 billion in external loans in three years and eight months, placing it first among the previous four governments. In fact, the PTI returned 70% of the debts incurred by previous governments. It had surpassed Pakistan Muslim League (PML-N), which had $49.761 billion inRead More →
During the first nine months (July-March) of the current fiscal year (2021-22), the federal government transferred an extra Rs. 598 billion to provincial governments under the National Finance Commission (NFC) Award, compared to the same time the previous fiscal year.According to the Ministry of Finance, the Imran Khan-led government releasedRead More →
CAIRO, Egypt (AP) – Saudi Arabia offered a $5 billion aid package for cash-strapped Egypt on Wednesday, where the economy is under strain due in part to the economic consequences from Russia’s conflict on Ukraine. The monies, which were placed in Egypt’s Central Bank, are part of Saudi Arabia’s “tirelessRead More →
ISLAMABAD – At a ceremony in Islamabad on Wednesday, Prime Minister (PM) Imran Khan announced the start of interest-free loans under the Kamyab Pakistan Program. During his speech at the ceremony, Prime Minister Nawaz Sharif expressed sorrow that Pakistan could not attain its rightful place in the community of countriesRead More →