Protests occur around the country in reaction to rising electricity prices.

ISLAMABAD – Protests are taking place in major cities and towns across the country, including Karachi, Lahore, and Peshawar, over excessive electricity costs. People have taken to the streets in response to a huge increase in electricity rates across the country.In most of the country’s small and big cities, businessmen are protesting the high cost […]

At Karachi’s Lasbela Chowk, a sewer gas explosion left nine people wounded.

(Web Desk) – On Friday, a gas explosion at Lasbela Chowk in Karachi wounded nine people and destroyed many stores. The event occurred on a sewer near where the stores were constructed. The explosion was confirmed by officials and eyewitnesses. Residents in an adjacent building were evacuated as a result of the incident. According to […]

Shell Petroleum will sell its shareholding in Pakistan.

KARACHI ( Reuters/Web Desk )- Shell Pakistan Limited (SPL) said on Wednesday that its parent firm, Shell Petroleum firm, which controls 77% of the local organisation, will leave the country, without specifying how much stake would be disposed of. The action comes after the firm experienced huge losses in 2022 as a result of currency […]

Doctor Kapotaqkhy Chanchala of Karachi is named Miss Pakistan Universal 2023.

A Pakistani doctor who has the ability to succeed as a model was named Miss Pakistan Universal 2023.Models are judged in beauty pageant events conducted all over the world on their outward looks, personalities, talents, and overall presentation. According to the format, models display their grace, talent, and attractiveness in many categories. For the last […]

Pakistan’s total debt tops Rs58tr amid high interest rate, rupee depreciation

KARACHI : The entire debt of the central government increased by 34.1% at the end of April, according to the State Bank of Pakistan (SBP), reaching Rs58.6 trillion on an annual basis. The trend is predictable given the government’s increasing reliance on borrowing in the face of a weakening currency and its failure to increase […]

Pakistan’s Default Risk Sharply Drops to 71% as Nerves Temporarily Calm

The likelihood that Pakistan will default on its debt has significantly decreased over the past 24 hours, with tensions appearing to have abated after Finance Minister Ishaq Dar’s repeated assertion that the true value of the dollar is Rs. 190. Arif Habib Limited (AHL) figures show that on November 22, Pakistan’s benchmark 5-year Credit Default […]

Under the NFC Award, the federal government provides an additional Rs. 598 billion to provincial governments.

During the first nine months (July-March) of the current fiscal year (2021-22), the federal government transferred an extra Rs. 598 billion to provincial governments under the National Finance Commission (NFC) Award, compared to the same time the previous fiscal year.According to the Ministry of Finance, the Imran Khan-led government released Rs. 2,584 billion from the […]

The FTO has asked the Federal Bureau of Revenue to conduct a yearly analysis of domestic tobacco production.

The Federal Tax Ombudsman (FTO) has urged the Federal Board of Revenue (FBR) to perform an annual examination of cigarette tobacco produced in Pakistan in comparison to claimed tobacco use by all cigarette manufacturing facilities.According to the FTO’s special report on the tobacco industry, the FBR should promptly apply Rule 89, particularly sub-rules (2) and […]

On Monday, the SBP will announce its monetary policy.

KARACHI: The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) will meet on Monday to decide on monetary policy, according to a statement. In a statement published Friday, the central bank stated that Governor SBP Dr Reza Baqir will inform the media following the MPC meeting. According to The News, analysts predict the central […]