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 […]
Out of the Rs70 billion, an amount of Rs30 billion will be the impact of increase in property valuations and the remaining Rs40 billion is estimated to be collected through a higher withholding tax on the revised valuations and the new withholding tax rates. The statement about property valuation was made during a meeting of […]
A shooter opened fire at an Arkansas supermarket on Friday, killing three civilians and wounding 10 other people, including two police officers, Arkansas State Police said. The suspect was also wounded in a shootout with police, Arkansas State Police Director Mike Hagar told reporters. The shooting occurred at the Mad Butcher grocery in Fordyce, a […]
Secretary Ministry of Economic Affairs Dr Kazim Niaz and Country Director ADB Yong Ye signed the loan program. Kazim Niaz thanked the ADB for its continued support of Pakistan’s critical development needs and rehabilitation efforts in a post-flood context. According to the ADB official ‘X’ handle, the agreement aimed at assisting Pakistan drive sustainable investment […]
According to sources, Pakistan and the International Monetary Fund (IMF) have made significant progress in virtual negotiations. Sources revealed that the IMF expressed satisfaction over the tough economic decisions taken in the budget, acknowledging the positive role of political parties in the budget. Sources further added that the monetary fund also appreciated the limitation of […]
Pakistani Rupee on Friday gained 09 paise against the US Dollar in the interbank trading and closed at Rs 278.51 against the previous day’s closing at Rs 278.60. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market, however, were Rs 277.8 and Rs 280.7 […]
