Policymakers and the elite are seen as neglecting the country’s foundations while enjoying increasing privileges funded by the hard-earned income of the salaried class. It appears that the budget, seemingly prepared without benefiting any industry, is strangling the IT sector. Although the government allocated a budget of Rs79 billion for the IT sector, IT professionals […]
Indian Prime Minister Narendra Modi appealed to an emboldened opposition for “consensus” Monday, as parliament opened following an election setback that forced him into a coalition government for the first time in a decade. Expected in the first session, which will run until July 3, is a preview of Modi’s plans for his third term […]
A stronger greenback makes dollar-denominated commodities less attractive for holders of other currencies. However, both benchmark crude contracts gained about 3% last week on signs of stronger oil product demand in the U.S., the world’s largest consumer, and OPEC+ cuts kept supply in check. U.S. crude inventories fell while gasoline demand rose for the seventh […]
Household spending, traditionally a strong contributor to Indonesia’s GDP, and election-related spending helped to expand Southeast Asia’s largest economy 5.11 percent in the first quarter of 2024. And it is expected to expand five percent overall this year, followed by 5.1 percent in 2025 and 2026, according to the World Bank’s Indonesia Economic Prospects report. […]
The final rites of Sepoy Haroon William were performed at Saint Paul’s Church in Rawalpindi with Prime Minister Shehbaz Sharif, Chief of Army Staff (COAS) General Syed Asim Munir, senior civilian and military officials, soldiers, citizens, and relatives of the martyr in attendance. Sepoy Haroon William was martyred along with four other soldiers in the […]
The independent power producers (IPPs) have earned billions of rupees, and closed them to save billions, PML-N’s Hanif Abbasi said in the National Assembly. Taking part in the budget debate, PML-N lawmakers said that the money is not being recovered from the IPPs and salaried class is being overburdened. Shut down these IPPs they have […]
Addressing the event held in Qatar’s Doha on Saturday, Ambassador Akram highlighted the dangers of allowing impunity for terrorist groups in Afghanistan. He noted that despite progress by the Afghan Interim Government in combating Daesh (ISKP), several other terrorist organizations, including Al-Qaeda and Tehreek-e-Taliban Pakistan (TTP), continue to operate freely. He stressed that socio-economic development […]
Federal Minister Ahsan Iqbal on Saturday condemned the lynching incident in Swat and called to stop this ‘street justice’. Ahsan Iqbal during the budget debate in the National Assembly called the incident horrific in Swat’s Madyan area. Ahsan said that parliament had to take stern notice of “mob justice”, as it had brought Pakistan “to […]
The move, part of the 2024-25 fiscal budget, is expected to significantly impact the affordability of healthcare for poor patients. Experts warn that the first-ever sales tax on the diagnosis and treatment of diseases will increase the costs by 25% to 30%. This tax will also severely affect the budgets of public hospitals, leading to […]
People familiar with the discussions told the Daily that the terms of the possible alternative settlement, known as a deferred prosecution agreement, or DPA, are still subject to change. A DOJ official involved in the case, Glenn Leon, chief of the fraud section criminal division, said in an email to a civil party lawyer seen […]
