Pakistan

AS if the country’s economic problems were not stressful enough, we now have to worry about resurgent Covid-19. According to the National Command and Operation Centre, new cases have risen to the highest in 80 days, with Karachi and Hyderabad now reporting positivity rates of above 10pc — a level which, in …

SHEHBAZ Sharif’s government is inching close to default. Hindsight is 20/20 but what was the point of the no-confidence vote, many are asking, if there was no economic plan? Why jump on to the Titanic when it was already sinking? Why bear the political fallout of IMF-mandated measures when those …

ISLAMABAD: Amid a resurgence of coronavirus cases in the country, the federal cabinet on Tuesday reduced the price of Remdesivir, an antiviral drug ad­­ministered to Covid-19 patients. The price of 100mg IV injection has been reduced from Rs2,300 to Rs1,892, said Federal Minister Abdul Qadir Patel. “It will help the …

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday decided to continue giving subsidy to the poor and low-income groups on five essential items — wheat flour, sugar, ghee/edible oil, pulses and rice — in the next fiscal year. The subsidy was given by the PTI government. Under the decision, the poor …

WITH differences between Pakistan and the IMF over the government’s budget and macro targets for the next fiscal yet to be resolved, Washington is believed to have agreed to intervene at the behest of Islamabad to help it clinch a deal with the lender. That Pakistan needs the IMF programmed …

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday ordered the launch of a national initiative to impart life-saving skills to people, especially the youth, to save precious lives. Head of PM’s Strategic Reforms Unit (SRU) Salman Sufi issued instructions to the officials of each province, educational institutions and relevant quarters to …

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index opened in the green on Wednesday after losing over1,100 points earlier this week, and soared more than 400 points in the early hours of trading after investors regained confidence over hopes Pakistan may exit the FATF’s grey list. According to the PSX website, …

KARACHI: While Sindh Chief Minister Murad Ali Shah has claimed to have earmarked Rs118 billion for “Karachi-based” projects in the Rs1.714 trillion provincial budget for financial year 2022-23, new schemes for infrastructure development of the country’s business capital appear to have attracted a little attention as the provincial government has …

LAHORE: The judge of a special court (Central-I) on Monday observed that none of the prosecution witnesses levelled allegations of bribe, kickbacks or corrupt practices against Prime Minister Shehbaz Sharif and his son Punjab Chief Minister Hamza Shehbaz in the Rs16 billion money laundering case instituted by the Federal Investigation …

In the budget for fiscal year 2022-23, the government has exempted those earning up to Rs100,000 per month from paying income tax — increasing the limit from the earlier Rs50,000 per month. Additionally, the government has issued a revised list of income tax slabs for salaried individuals. Earlier, there were …