According to sources, the Ministry of Commerce has proposed a new strategy to regulate exporting essential food items such as fruits, meat, poultry, sugar, and rice. The move came at a time when the government aims to curb inflation and ensure the availability of essential items at affordable prices. The ministry has also proposed to […]
During a virtual meeting with the Sectoral Council for Rice and the Council for Dairy and its Products, the Minister emphasized the importance of their contribution to the national economy. He said our goal is to increase export volumes, and all possible measures will be taken in this regard. The minister encouraged the council to […]
The central bank began to raise interest rates last year to battle soaring prices after President Recep Tayyip Erdogan dropped his opposition to orthodox monetary policy. Turkey’s annual inflation rate reached a decades-long high of 85 percent in October 2022. It fell to 38.2 percent in June 2023 before rising again. It reached 75 percent […]
We don’t know where he is being kept,” Zafar Ali Shah, a brother of Mumtaz Ali Shah told media. The arrested aide of Makhdoom Jamil had shared a post against Sindh’s home minister on social media. Recently two members of the media team of Makhdoom House were arrested from Hala and Udero Lal. Makhdoom Jamil […]
According to sources, the FBR collected Rs 1464 billion in July-August, missing the target of Rs 90 billion. The tax collection target for September is Rs 1190 billion, and if the FBR fails to achieve it, the IMF may demand a mini-budget, sources warned. The continuous protests and roadblocks in July-August affected economic activities and […]
The data showed that the inflows of remittances during July were recorded at US$161 million as compared to US$ 200 million in June and US$ 224 million in May 2024. These accounts provide innovative banking solutions to millions of Non-Resident Pakistanis (NRPs), including Non-Resident Pakistan Origin Card (POC) holders, seeking to undertake banking, payment, and […]
This upgrade follows Fitch Ratings’ decision in July to raise the country’s credit rating from “CCC” to “CCC+”. Moody’s said that this upgrade reflects Pakistan’s improved macroeconomic conditions and moderately better government external positions from very weak levels. “We have also upgraded the rating for the senior unsecured MTN program to (P)Caa2 from (P)Caa3. Concurrently, […]
The government… has canceled the previous order of August 1, 2024, that banned Bangladesh’s Jamaat e Islami, the order read. It will come into effect immediately. Jamaat-e-Islami, which has millions of supporters, was banned from contesting polls in 2013 after high court judges ruled its charter violated the secular constitution of the Muslim-majority nation of […]
According to sources, JUI-F has demanded PTI’s support in electing his two senators, while PTI’s committee is willing to support one senator from JUI-F. Jamiat Ulema-e-Islam wants to elect former Khyber Pakhtunkhwa governor Ghulam Ali as a senator, while PTI’s committee is inclined to support another candidate, sources said. However, JUI-F lacks sufficient votes to […]
Talking to the media in Lahore, the Jamaat Islami chief said, “They are trying to make the people fool with this charity.” “You have to give relief to the whole of Pakistan,” JI Ameer said. He demanded permanent relief for people with electricity bills. JI chief also demanded a forensic audit of the IPPs. He […]
