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ISLAMABAD (Channel News) – Former Prime Minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan planned a lengthy march to Islamabad in the final week of May on Saturday. In a video message, the former prime minister stated that the party’s central committee met today and agreed to make the announcementContinue Reading

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ISLAMABAD (Channel News) – The nephew of former Interior Minister Sheikh Rashid Ahmad was detained by government personnel disguised in civilian clothing as soon as his jet landed at New Islamabad International Airport on Sunday, according to Dunya News. According to reports, the former minister’s nephew, MNA Rashid Shafique, wasContinue Reading

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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 releasedContinue Reading

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On Thursday, the Federal Shariat Court deemed Pakistan’s Interest Act 1839 un-Islamic, ordering the government to replace the Riba-based financial system with an Islamic one within five years.On April 12, a full bench of the Federal Shariat Court (FSC), led by Chief Justice Muhammad Noor Meskanzai and included Justice Dr.Continue Reading

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Despite slow development since February and growth in economic activity fluctuating about 4% for the previous two months, inflationary and external sector risks are generating macroeconomic imbalances in the nation, according to the Ministry of Finance’s Monthly Economic Update & Outlook.Furthermore, economic activity in Pakistan’s major trading partners has beenContinue Reading

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Pakistan’s liquid foreign reserves were depleted by $377 million in the week ending April 23, 2022, a 2.2 percent drop from the previous week.According to the SBP weekly report issued on Thursday, the country’s total liquid foreign currency reserves fell by $376.7 million (-2.2 percent) to $16.668 billion on AprilContinue Reading

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The government raised Rs. 376 billion through a fixed-rate Pakistan Investment Bonds (PIBs) auction on Thursday, compared to a target of Rs. 100 billion.According to central bank statistics, the cut-off rates for all maturities increased by 120-145 basis points (bps) during the paper auction.The three-year PIB cut-off yield increased byContinue Reading

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All unlawful housing societies and housing projects are barred from promoting their enterprises and projects on digital and social media platforms, according to the Pakistan Telecommunication Authority (PTA).It will also take legal action against any housing projects or societies that advertise on social media sites without the relevant regulator’s NoContinue Reading

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Pakistan State Oil Co. Ltd. (PSO), Pakistan’s primary oil marketing business, continues to dominate the energy industry, posting the highest-ever nine-month profit after tax of Rs. 64.8 billion, up 690 percent or 6.9x over the same time previous year.In the preceding 9MFY21, it made a profit of Rs. 18.2 billion,Continue Reading