The monthly PDL hikes of Rs. 5 and Rs. 10 for gasoline and diesel; no currency rate intervention; a 10-week import reserve cover; and the phaseout of the Ehsas Ration Program ISLAMABAD: The government has committed to the International Monetary Fund (IMF) to increase the petroleum development levy (PDL) on …
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Police from Islamabad and Rawalpindi clash outside Adiala Jail. A court orders a two-day physical remand for the Islamabad police. In the Senate, Faisal Javed calls Gill’s remarks “a folly.” RAWALPINDI: PTI leader Dr. Shahbaz Gill was taken into custody by the capital’s police force on Wednesday night following a …
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LONDON: On Wednesday, the UK and Pakistan inked a significant agreement that permits the return of foreign criminals and immigration offenders to Pakistan. “I’m proud to have signed a new landmark agreement with our Pakistani friends to return foreign criminals and immigration offenders from the UK to Pakistan,” tweeted UK …
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Washington: The Taliban signed a peace accord with US negotiators in Doha, Qatar, but the US has stated that it no longer believes the Taliban can carry out their promises. Al Qaeda chief Ayman al Zawahiri’s presence in Kabul, according to State Department spokesman Ned Price, “reinforces the idea that …
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On Wednesday, Defence Minister Khawaja Asif said that the Pakistan Army was the target of a “joint project” by the PTI and India, which was directed towards the fatal army helicopter crash that occurred during flood relief operations in Balochistan earlier this month. People from all walks of life, political …
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It is understandable why political and economic stability have been so difficult to come by given that one faction inside the PML-N has been consistently sabotaging the party’s own leadership. It was uncalled for for Maryam Nawaz to publicly distance herself from Finance Minister Miftah Ismail over the recent increase …
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A perfect storm is sweeping through the world economy. The super-cycle in commodities has driven up the cost of necessities to all-time highs. On the other hand, as interest rates rise in the US and EU markets, emerging countries are facing a capital flight. Depleting central bank reserves and growing …
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KARACHI: The State Bank of Pakistan reports that after 11 working days, the US dollar managed to gain ground against the rupee, finishing at Rs214.88. After rising 11.62 percent versus the US dollar over the preceding 11 working days, the rupee lost 0.46 percent on Wednesday. The currency market was …
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ISLAMABAD: The United Kingdom (UK) has introduced the “Developing Countries Trading Scheme” (DCTS), which will give tariff reductions and easier trading terms to 65 nations, including Pakistan, when it is implemented in early 2023. The Generalised Scheme of Preferences (GSP), a preferential trading scheme that offers tariff reductions and removals …
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The rejection of PTI Chairman Imran Khan’s nomination for the NA-108 (Faisalabad) by-election was attributed, according to the Election Commission of Pakistan (ECP) on Wednesday, to “insufficient details regarding his assets” rather than any problems with his signatures. The returning officer’s rejection of the nomination was verified by a statement …
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