According to the State Bank of Pakistan (SBP), the PKR witnessed a Rs 0.12 depreciation against the US Dollar in the interbank trading and closed at Rs 278.38 against the previous day’s closing at Rs 278.50. Pakistan’s foreign exchange reserves stand at US$ 13,427.6m SBP Earlier in the day, Pakistan’s total debt reached a record […]
According to the SSGC spokesperson, the PSM in a letter to them informed about the decision of ECC regarding the suspension of gas bill payment The spokesperson further said the SSGC also sought details about the PSM’s capacity to pay the bills in a letter but got no reply. A letter was also penned to […]
The appeal has nominated the former Chief Justice’s son, PTA, the Ministry of Defense, and others as parties. The government argues that the IHC’s decision is contrary to facts and that the high court had granted relief that was not even requested. The plea also contends that the IHC has no authority to take suo […]
The fuel stations in Karachi and across Pakistan were shut down on the call of the PPDA from 6 AM today. According to sources, the supply of petroleum products from Pakistan State Oil (PSO) and other oil marketing companies’ terminals is ongoing. Meanwhile, the Oil Tanker Owners Association has distanced itself from the petroleum dealers’ […]
Continuous Heavy rain led to a flash flood in northeastern India on Wednesday. Flash Flood swamped various towns, cleaned off bridges, and drowned army camps, taking 8 people’s lives and leaving 23 soldiers missing, the army and new reports told. The New Delhi Television said, that flooding occurred along the Teesta River in the Lachen […]
The prime minister arrived at the venue, he was warmly received by President Rehmon. The national anthems of both the countries were played as the stood at the salute dias. Later, the smartly turned out contingents of Tajik armed forces presented guard of honor to the prime minister which he reviewed. The prime minister also […]
The price of an 80-kilogram flour bag has been hiked by Rs 1000 in the provincial capital. The price of a 20-kilogram bag has reached Rs 2000 after an increase of Rs 200 whereas the mixed flour bag has increased from Rs 1700 to Rs 1900. In Islamabad, the price of a 15-kilogram flour bag […]
Pakistan hopes to secure a new IMF loan program in July as the budget 2024-25 prepared under IMF conditions has also been approved, fulfilling one of the major requirements set by the international lender. Sources indicate that the government is continuing to meet other conditions set by the IMF. Work is underway to increase the […]
The National Assembly (NA) yesterday approved the Federal Budget for the fiscal year 2024-25 with a total outlay of Rs18,870 billion. According to sources, the IMF wants Pakistan to hike the electricity and gas rates from July 1 and immediately implement the NEPRA decision regarding the increase in gas and power tariffs. IMF also demanded […]
Minister for Finance and Revenue Muhammad Aurangzeb moved the motion for consideration of the Finance Bill, 2024 to give effect to the financial proposals of the federal government for the year, commencing on July 1, 2024. The motion was passed with a majority vote which led to the passage of Finance Bill-2024 after clause-by-clause reading […]
