Timely steps to reduce the current account deficit bear fruit: Prime Minister Imran Khan

ISLAMABAD, Pakistan – On Saturday, Prime Minister Imran Khan stated that timely steps to reduce the current account deficit are bearing fruit. The Prime Minister stated in a tweet that the current account deficit reduced to $0.5 billion in February, which is $2 billion less than in January and the lowest monthly deficit so far […]

The February revenue target was successfully met by FBR: PM

ISLAMABAD – Prime Minister Imran Khan claims that the Federal Board of Income (FBR) met its February revenue target of 441 billion rupees, representing a 28.5 percent increase. In a series of tweets on Wednesday, he claimed that the government’s ability to subsidise gasoline, fuel, and electricity, as well as provide assistance to the people, […]

The government levies Rs31 in taxes and tariffs on fuel.

ISLAMABAD – The per litre costs of petroleum products have been subjected to Rs31.57 in taxes, charges, margins, and levies. People are becoming concerned about the impact of taxes, charges, and levies on the cost of petroleum goods. On fuel, taxes, charges, margins, and levies are collected at Rs 31.50 per litre, whereas petrol is […]

Pakistan has announced a permanent residence programme for foreigners.

The public relations campaign is aimed towards Sikhs residing in Canada and the United States, as well as wealthy Afghans relocating to other nations. ISLAMABAD: Fawad Chaudhry, Federal Minister for Information and Broadcasting, revealed on Friday that the government has decided to offer permanent residence for foreign people in exchange for investments in the real […]

Despite resistance, the NA passes the SBP (Amendment) Bill-2022.

ISLAMABAD – The National Assembly passed the State Bank of Pakistan Act, 1996 and the State Bank of Pakistan (Amendment) Bill 2022 by a majority vote on Thursday, rejecting all changes proposed by the opposition parties. Opposition parties began a raucous protest as Deputy Speaker Qasim Khan Suri began the process of submitting the bill […]

The economy of the country is booming, according to the Prime Minister.

ISLAMABAD – On Saturday, Prime Minister Imran Khan stated that the country’s economy is booming and producing jobs. The Prime Minister noted in a tweet that profits from publicly traded companies increased by 59% in the first nine months of the year. He hoped that firms and employers will pass on the benefits to their […]

The Pakistani Rupee has recovered significantly versus the US Dollar.

KARACHI (Channel News) — On Friday, the Pakistani rupee rose strongly against the US dollar, gaining Rs1.73 in the interbank currency market. According to statistics provided by the State Bank of Pakistan (SBP), the domestic unit concluded at Rs176.51 versus the US dollar, while the rupee gained Rs1 from the previous concluding unit of Rs177.51. […]

Prime Minister will convene a cabinet meeting to ratify the Finance (Supplemental) Bill 2021 Today

SLAMABAD – In response to the International Monetary Fund’s (IMF) stringent requirements, Prime Minister Imran Khan has called a meeting of the federal cabinet on Thursday (tomorrow) to finalise the mini-budget. Tomorrow at 12 p.m., Prime Minister Imran Khan will preside over a meeting to adopt the Finance (Supplemental) Bill 2021. The Finance Amendment Bill […]

The government has removed Secretary of Petroleum from his position.

ISLAMABAD, Pakistan – Dr. Arshad Mahmood, the Secretary of Petroleum, was fired by the government on Saturday. Following his dismissal from office, Secretary of Petroleum Dr. Arshad Mahmood has been asked to report to the Establishment Division. Secretary Power Division Ali Raza Bhatta has also been given the additional responsibility of Secretary Petroleum by the […]