ISLAMABAD: Power Minister Khurram Dastgir Khan on Wednesday said the government had notified Rs3.50 per unit increase in national base electricity tariff and promised to investigate complaints of overbilling on account of monthly fuel cost adjustments (FCAs) in the current bills. Speaking at a news conference, the minister said the …
Read More »PTI seeks reprieve from ECP verdict at IHC’s door
• No immediate relief on plea to delay by-polls on NA seats • FIA told to re-issue notices to party’s lower staff ISLAMABAD: The Pakistan Tehreek-i-Insaf (PTI) has moved the Islamabad High Court against the Election Commission of Pakistan’s judgement in the prohibited funding case against the party. Filed by PTI Additional …
Read More »PM Shehbaz demands report on delays in power projects
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday asked the authorities concerned for an early submission of report on power projects that were suspended during the past four years. Presiding over a meeting held to review measures aimed at promoting solar energy in the country, the prime minister lashed out at …
Read More »Protests against militants’ return echo in National Assembly
ISLAMABAD: Expressing his apprehensions at the success of talks with the Tehreek-i-Taliban Pakistan (TTP), Defence Minister Khawaja Asif on Wednesday admitted on the floor of the National Assembly that anti-Taliban feelings were growing in Khyber Pakhtunkhwa (KP) as people were holding protest demonstrations in various parts of the province against …
Read More »PSX rises over 550 points in early trade on expected UAE investment, IMF tranche
The Pakistan Stock Exchange (PSX) continued its positive momentum on Wednesday, gaining over 550 points in early morning trade. According to the PSX website, the benchmark KSE-100 index had gained 554.29 points, or 1.32 per cent, by 10:18am to reach 42,650.53 points. Head of Research at Intermarket Securities, Raza Jafri, …
Read More »Trade deficit with neighbours widens in FY22
ISLAMABAD: Pakistan’s exports to nine regional countries rose 16.97 per cent while imports grew by nearly 28.84pc in FY22 from a year ago, the latest data released by the State Bank of Pakistan showed. The country’s exports to Afghanistan, China, Bangladesh, Sri Lanka, India, Iran, Nepal, Bhutan and the Maldives …
Read More »EU sees little cooperation between govt and parliament
ISLAMABAD: The European Union has observed that politics in Pakistan is highly partisan, with little cooperation and compromise solutions between the government and parliament despite three elections and two peaceful transitions between civilian governments since 2008. The role of the military in politics and administration is seen as guarantee for …
Read More »PM Shehbaz welcomes UAE’s planned $1bn investment in Pakistan
Prime Minister Shehbaz Sharif on Tuesday welcomed the recent announcement by the United Arab Emirates to invest $1 billion in various economic and investment sectors in Pakistan. He expressed these views as he held a telephonic conversation with UAE President Sheikh Mohamed bin Zayed Al Nahyan. Last week, the UAE’s …
Read More »Islamabad court grants police two-day physical remand of PTI’s Shahbaz Gill
A district and sessions court in Islamabad on Wednesday granted police two-day physical remand of PTI leader Shahbaz Gill, a day after he was arrested by police on charges of sedition and inciting the public against the state institutions. Police were also directed to produce Gill before the court on August 12 …
Read More »ECP summons Imran over funding case, disqualification
KARACHI: The Election Commission of Pakistan (ECP) on Friday issued notices to PTI chairman Imran Khan and summoned him on Aug 23 in the prohibited funding case, Dawn.com reported. According to the ECP, the case titled “Notice to Chairman Pakistan Tehreek-i-Insaf in terms of Rule 6 of Political Parties Rules 2006, in …
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