Pakistan Signs Rs1.275 Trillion Deal to Settle Circular Debt ISLAMABAD – Pakistan has taken a major step to tackle its longstanding circular debt in the power sector, signing a Rs1.275 trillion financing agreement with commercial banks. The signing ceremony was held at the Prime Minister’s Office (PMO) in Islamabad, while Prime Minister Shehbaz Sharif joined virtually […]
Israeli ministers call to annex the West Bank after the UK, Canada, and Australia recognise the Palestinian state Two senior Israeli ministers on Monday urged immediate steps to extend Israeli sovereignty over the West Bank in response to Britain, Canada, and Australia formally recognising a Palestinian state. National Security Minister Itamar Ben Gvir — using […]
Sindh Bank to Issue Benazir Hari Cards, Farmers to Benefit from Subsidies and Solar Panels KARACHI – Sindh Bank has been officially authorized to prepare and issue the Benazir Hari Cards, aimed at providing financial support to farmers across the province. Registration and verification for 80,000 new farmers have already been completed, and Sindh Bank […]
World Bank Grant to Boost Education Access in Punjab LAHORE — The World Bank has approved a major education initiative in Punjab aimed at expanding access to schools, improving learning outcomes, and strengthening the system’s ability to respond to future challenges. Funded through the Global Partnership for Education Fund, the “Getting Results: Access and Delivery […]
Among the most critical documents is a bank statement, which serves as proof that the applicant has sufficient funds to cover their stay in the Scandinavian country. Sweden, known for its rich cultural heritage, natural beauty, and modern lifestyle, has become a top destination for global tourists. While citizens of some countries enjoy visa-free access, […]
In a virtual address at the SCO Finance Ministers and Central Bank Governors meeting held in Beijing, China, he underscored Pakistan’s robust commitment to the organization, a press statement issued here read. The minister also expressed appreciation to the Chinese government for organizing the significant event. He highlighted the importance of Pakistan’s SCO membership, noting […]
Information Adviser Barrister Saif confirmed the decision, stating that funds have been approved for this education initiative. “Following PTI founder’s vision, Chief Minister Ali Amin Gandapur is taking concrete steps to promote education,” he said. In another major decision, the annual budget for Parent-Teacher Councils has been increased from 5 billion to 7 billion rupees […]
In the past, the central bank would release new currency notes worth millions of rupees before Eid-ul-Fitr. However, since the COVID-19 pandemic, this practice has been discontinued. As a result, Pakistanis have had to make do with worn-out notes for Eid celebrations. Will New Notes be Available this Year? Sources claim that the chances of […]
The Monetary Policy Committee (MPC) of the SBP will meet today to decide about the Monetary Policy, as analysts expect 50 to 100 basis points cut in the interest rate. The bank’s current interest rate has been 12 percent while the inflation was dropped in February to minimum level of 1.52%. The MPC will review […]
This year Administrator General Zakat has notified the “Nisab of Zakat” for the Zakat Year 1445-46 A.H at Rs. 179,689 (Rupees One Hundred Seventy-Nine Thousand Six Hundred Eighty-Nine only). The central bank, while referring to the instructions of the Ministry of Poverty Alleviation and Social Safety, on Friday circulated that all banks, Development finance Institutes […]
