May 14, 2025

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Mob Vandalises Churches in Pakistan’s Jaranwala over Blasphemy Allegations

By Editor Economic Watch
August 16, 2023
in :  Latest, Latest News

  JARANWALLA, Pakistan: A tense situation is prevailing in the city area here that has been cordoned off by the police owing to an angry mob vandalizing the churches over blasphemy. “The negotiations are underway and people have been asked to stay calm,” said a police official. There are three churches, two comparatively very small and located in narrow lanes …

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Rupee slides by another 2.99 against greenback in interbank

By Editor Economic Watch
August 16, 2023
in :  Latest

KARACHI:The Pakistani currency depreciated against the US dollar by Rs2.99 during interbank trade on Wednesday, carrying forward its downward trajectory from the previous day. By noon today, the exchange rate stood at around Rs294.50 per USD, according to data collected by the Exchange Companies Association of Pakistan (ECAP). Meanwhile, in the open market, the greenback was being traded at the …

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APCEA pays tributes to martyrs of Karakoram Highway

By Editor Economic Watch
August 16, 2023
in :  Latest

  ISLAMABAD, Aug. 16 (INP): A 41-member Chinese delegation visited China Yadgar to commemorate the dedication and valor of those who lost their lives during the construction of Karakorum Highway (KKH) from 1959 to 1979. The delegation also included 15 engineers and workers who physically participated in the construction of the KKH, besides their family members. It was hosted by the …

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ICC celebrates Independence Day to recall objectives of freedom movement 

By Editor Economic Watch
August 16, 2023
in :  Latest

  Islamabad, August 16 (INP): The Islamabad Citizens Committee (ICC) here on Wednesday celebrated the 76th anniversary of the Independence Day to recall the objectives of freedom movement. It highlighted the objectives of independence movement and paid rich tributes to those who sacrificed their lives in the freedom struggle. The event was attended by the members of the Executive Committee …

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Pakistan achieves historic feat at K2 base camp

By Editor Economic Watch
August 16, 2023
in :  Latest

LAHORE: With the aim to reflect their patriotism and unity on the occasion of Pakistan’s 77th Independence Day, the Pakistan Army, in collaboration with dedicated mountaineers, has achieved a historic feat at the K2 base camp by setting the world record for hoisting the largest national flag at the site. The extraordinary milestone, according to The News report, was accomplished after the …

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Economic policies: Kakar says will ensure continuity

By Editor Economic Watch
August 16, 2023
in :  Latest, Latest News

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Tuesday said the government would ensure continuity in the economic policies, besides further improving them. Caretaker Prime Minister said an increase in foreign investment under the Special Investment Facilitation Council (SIFC) would remain one of the key priorities of the government. While presiding over a meeting on important issues of various ministries, the …

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Historic high: Caretaker govt increases petrol price by Rs17.50 per litre

By Editor Economic Watch
August 16, 2023
in :  Latest, Latest News

ISLAMABAD (EW) – The caretaker government on Tuesday increased the price of petrol by Rs17.50 per litre, taking the price to record high of Rs290.45 per litre, Dunya News reported. The petrol price is now unprecedented in the history of the county, taking the inflation to an upward trajectory. Other than that, the price of high speed diesel was also increased …

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Industrial output drops 10.26% in FY23

By Editor Economic Watch
August 16, 2023
in :  Business, Latest

ISLAMABAD: Pakistan’s large-scale manufacturing (LSM) sector contracted by 10.26% in the fiscal year of 2022-23, as almost all major industries reported substantial declines, official data showed on Tuesday, according to The News. The LSM sector, which accounts for about 80% of the country’s industrial output, shrank for the 12th consecutive month in June, by 14.96% year-on-year, though, over May 2023, it …

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PCB comes under fire for minus-Imran Khan video

By Editor Economic Watch
August 15, 2023
in :  Latest, Sports

Pakistan Cricket Board (PCB) has come under fire after it minused cricketing legend Imran Khan from its video on the sport’s history. The cricketer-turned-politician is currently behind bars on corruption charges after a court convicted him in the Toshakhana case, sentencing him to three years in prison and later, the election commission disqualified him for five years from running for …

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PTI’s Parvez Elahi remanded to NAB custody till Aug 21 in bribery case

By Editor Economic Watch
August 15, 2023
in :  Latest

LAHORE: An accountability court in Lahore Tuesday remanded Pakistan Tehreek-e-Insaf (PTI) President Chaudhry Parvez Elahi to National Accountability Bureau’s (NAB) custody till August 21 in a case of bribery over development project contracts. The former Punjab chief minister — who has been detained back-to-back — was arrested yet again by NAB officials shortly after being released from Rawalpindi’s Adiala jail …

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