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
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
Dr. Arif Alvi has recommended that the Higher Education Commission (HEC) and the Vice-Chancellor of Quaid-i-Azam University (QAU) take action to combat student harassment and racial profiling on Balochistan campuses.The president’s action came on Friday, after he heard the Balochi students’ plea against ethnic profiling in a written petition inContinue Reading
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
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
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 RuleContinue Reading
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
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
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
While deciding on an Own Motion investigation on April 28, 2022, the Federal Tax Ombudsman (FTO) authorised the Federal Bureau of Revenue (FBR) to form a high-powered inquiry committee into a flagrant and eye-opening income tax refund fraud of Rs. 123.364 million.According to the information, when examining the issuing ofContinue Reading
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