\ISLAMABAD, July 21 (EW): The coalition government has no plan of imposing new taxes on agriculture and real estate sectors, says Finance Minister Ishaq Dar. Speaking on the floor of the National Assembly on Friday, he said he wanted to make it clear in letter and spirit that “no new tax” would be imposed on agriculture or real estate …
The Pakistani rupee gained Rs2.38 against the US dollar on Thursday — a day after the International Monetary Fund approved a $3 billion loan agreement for Pakistan, unlocking crucial funding for the troubled economy. The local currency was being traded at Rs275.10 at 10:00am, according to data shared by the Exchange Companies Association of Pakistan (ECAP). The greenback closed …
ISLAMABAD: The Parliamentary Committee on Electoral Reforms has expedited the work on the amendments to the election laws by examining 73 rectification proposals presented before it, The News reported. The panel has reportedly decided to finalise the recommendations by the next week and get the reforms to the Election Act approved by both houses of parliament before the end of the tenure …
KARACHI, July 13 (EW): The Economist Intelligence Unit (EIU) has ranked Pakistan’s largest city among the top five ‘least livable’ urban centres in the world. On the EIU’s Global Livalibity Index 2023,Karachi is ranked 169th out of a total of 173 cities. Only Lagos, Algiers, Tripoli and Damascus are ranked lower than Karachi. Incidentally, Karachi is the only city …
Four Pakistan Army soldiers were martyred while five others were critically injured after militants launched a “dastardly attack” on the Zhob garrison in northern Balochistan during the early hours of Wednesday, the military’s media affairs wing said. In a statement, the Inter-Services Public Relations (ISPR) said that terrorists’ initial attempt “to sneak into the facility was checked by soldiers on …
The 47-member United Nations Human Rights Council on Wednesday approved a Pakistan-backed resolution on religious hatred in the wake of the burning of the Holy Quran in Sweden. Major Western powers — the United States, European Union, and the United Kingdom — opposed the resolution, claiming it was against their views on human rights and freedom of expression. Pakistan …
PESHAWAR, July 12 (EW): Prime Minister Shehbaz Sharif on Tuesday said that Pakistan had accepted the loan programme of the International Monetary Fund “under compulsion” as it had no other option. “We have not opted for the IMF programme gladly and instead, it was our compulsion to do so. We have to stand on our own feet to wean …
ISLAMABAD, July 12 (EW): The latest update of the global Multidimensional Poverty Index (MPI) demonstrates that poverty reduction was achievable as 25 countries have successfully halved their global MPI values within 15 years, showing that rapid progress is attainable. The latest estimates for 110 countries were released on Tuesday by the United Nations Development Programme (UNDP) and the Oxford …
KARACHI, July 11 (EW)): Stocks at the Pakistan Stock Exchange (PSX) rallied Tuesday, jumping past the 45,000 mark for the first time in 14 months after the cash-strapped nation received $2 billion from Saudi Arabia. The market rallied, adding over 500 points to the benchmark KSE-100 index during the intraday trade. At around 12:24pm, the index gained 555.18 points …
Finance Minister Ishaq Dar on Tuesday said that Pakistan has received $2 billion from the Kingdom of Saudi Arabia (KSA) days after the country secured another lifeline from International Monetary Fund (IMF). “On Friday, our reserves had closed in at less than $10 billion, standing at roughly $9.67 billion so you can now imagine them close to $11.67 billion,” he …
