Imran Khan’s PTI seeks remedy against yesterday’s LHC ruling mandating today’s recount. By Staff Reporter ISLAMABAD: The appeal filed by Pakistan Tehreek-e-Insaf (PTI) against the
APEX COURT: Photo courtesy Supreme Court of Pakistan website
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Inquiry commission to probe reasons of energy crisis
By Staff Reporter
ISLAMABAD: An inquiry commission will set up to determine the causes of energy crisis in the country, government officials said on Thursday.
Rs6,125 billion: FBR tops yearly tax target on strong imports, weak rupee
By Staff Reporter
ISLAMABAD: The Federal Board of Revenue (FBR) has surpassed its annual tax collection target by topping up the government’s coffers with Rs6,125 billion in the outgoing fiscal year 2021-22 ending on June 30, 2022, latest numbers showed late on Thursday, mainly because of increase in imports and massive devaluation of the exchange rate.
Forex reserves rise to $16.2bn on Chinese loan
By Staff Reporter
KARACHI: Pakistan’s foreign exchange reserves sharply rose by $1.985 billion or 14 percent as of June 24 on $2.3 billion inflows from China , the central bank said on Thursday.
25 May 2022 Islamabad. Federal Finance Minister Miftah Ismail addressing an important press conference.
Miftah defends high fuel prices, new levy
By Staff Reporter
ISLAMABAD: Minister for Finance Miftah Ismail on Thursday said the government imposed the petroleum levy in the range of Rs5-10 per liter on petroleum to thaw the frozen IMF funding to avoid failing on international obligations.
Deficit Control: Low-cost housing, youth loans shelved
By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) on Thursday shelved new disbursements under Mera Pakistan Mera Ghar (MPMG) scheme till August 31, 2022 and Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme (PMKJ-YES) for next 15 days in an attempt to narrow the budget deficit to meet IMF bailout goals.
Production Disruption: Export industry denied gas for second time in a month
By Staff Reporter
ISLAMABAD: The exporting sector’s gas supply has been choked for the second time within a month, which industry officials say disrupts production cycle of textiles, causing delays in delivering international orders, thus slowing down inflows of export proceeds.
Rs15-18/litre: Fuel prices cranked up on IMF’s levy demand
By Staff Reporter
ISLAMABAD: The government on Thursday imposed part of the Petroleum Levy on fuels, driving the prices of petroleum products up by Rs15-18, to the utter dismay of the inflation-gutted consumers.
Hamza Shahbaz, the PDM's man to head the government in the Punjab province. Photo courtesy APP
Court orders recount of votes cast for Punjab CM election
By Staff Reporter
LAHORE: The Lahore High Court (LHC) on Thursday ordered a recount of the CM Punjab election held on April 16 after excluding the votes of 25 de-seated lawmakers of Pakistan Tehreek-e-Insaf (PTI).
ANP set to fly Sharif’s coop
By Staff Reporter PESHAWAR: The Awami National Party (ANP), a partner in the ruling Pakistan Democratic Front (PDM), has decided in principle to quit the