Author: Web Desk

PM Shehbaz Sharif Emphasizes Boosting Exports to Stimulate Economy Prime Minister Shehbaz Sharif highlighted the government’s dedication to increasing the country’s exports during a meeting with a group of prominent businessmen in Islamabad. He stated that measures outlined in the current federal budget are being executed to achieve this goal. Shehbaz emphasized the importance of fostering industry, agriculture, and information technology to enhance economic stability and create new job opportunities. Expressing confidence in the country’s economic progress, the Prime Minister affirmed that the budget prioritizes providing relief to the public. He also noted the restoration of foreign investors’ trust due…

KARACHI: Sindh Government Calls for Governor’s Immediate Resignation In a recent press conference, Sindh Minister for Excise and Transport Sharjeel Memon, representing the PPP-led Sindh government, demanded the resignation of Governor Kamran Tessori. Memon criticized MQM-P for promoting hatred and violence in the province, stating that the party has become irrelevant at the local level. He also condemned MQM-P Convener Khalid Maqbool Siddiqui for his remarks against former prime minister Zulfikar Ali Bhutto and the quota system. Memon highlighted Bhutto’s contributions, labeling him as the one who made Pakistan a nuclear power. The minister accused MQM-P of obstructing employment opportunities…

Jamaat Islami to Hold Protest Sit-In Against Over-Billing and Power Loadshedding Jamaat Islami has announced a protest sit-in in Islamabad on July 12 to address the issues of over-billing and power loadshedding. Ameer Jamaat Islami Hafiz Naeem ur Rehman expressed concern over the impact of the ongoing heatwave, citing the deaths of 1,000 people, yet K-Electric has failed to reduce electricity loadshedding in Karachi. Hafiz Naeem criticized the privatization of the power utility, noting that despite 19 years passing since its privatization, line losses remain high and electricity prices are exorbitant. He blamed the government and NEPRA for neglecting the…

The Supreme Court of Pakistan has taken a significant step towards addressing climate change by ordering provinces to submit reports on the practical steps they are taking to tackle this pressing issue. The three-member bench, led by Justice Mansoor Ali Shah, emphasized the need for concrete actions rather than just policies. During the hearing, the court questioned the provinces about their preparations and demanded details on budget allocations for climate change initiatives. While Punjab and Balochistan shared their progress, Sindh faced criticism for lack of budget allocation in this regard. Chief Secretaries from various provinces highlighted the policies and projects…

Minister Attaullah Tarar: General Election to be Held in 2029 Minister for Information, Broadcasting, Culture, and National Heritage Attaullah Tarar stated that the general election in Pakistan would take place in 2029 as per the constitutional tenure of the current government. This announcement came after JUI-F chief Maulana Fazlur Rehman’s press conference where he demanded fresh elections and rejected the February 8 polls. Tarar emphasized the importance of negotiations and dialogue in politics and commended Maulana as a seasoned politician. He also highlighted the government’s economic achievements, including the increase in foreign exchange reserves and the stock exchange reaching its…

Breaking News: Government Raises Petrol Prices by Rs 7.45 per litre The federal government has announced a substantial increase in petrol prices, with the new rate set at Rs265.61 per litre. This hike of Rs 7.45 per litre is sure to impact the already burdened public facing inflation. Furthermore, the price of high-speed diesel (HSD) has also been raised to Rs277.45 per litre, an increase of Rs 9.56 from the previous rate. This change comes after four consecutive price cuts and is attributed to the rise in international market rates. International prices for petrol and HSD have seen a significant…

Breaking News: FBR Exceeds Revenue Collection Target for FY 2023-24 The Federal Board of Revenue (FBR) has surpassed expectations by collecting an impressive Rs9.306 trillion in fiscal year 2023-24, exceeding the target of Rs9.252 trillion by Rs54 billion. This remarkable achievement represents a 30% growth in revenue collection compared to the previous year, driven by historic collection milestones throughout the fiscal year. Notably, FBR has witnessed substantial progress in structural improvements within the Tax System of Pakistan, a direct outcome of the government’s emphasis on domestic resource mobilization and fair taxation practices. With a focus on direct taxes, the revenue…

Exciting News: Sindh Governor Signs Off on Rs3.056 Trillion Budget for 2024-25 Get ready, because the future looks promising for Sindh as Governor Kamran Khan Tessori has officially approved the whopping Rs3.056 trillion budget for the upcoming fiscal year 2024-25. The Finance Bill 2024-25 is all set to come into effect starting tomorrow. The Sindh Assembly had previously given the green light to the Budget 2024-25 and Finance Bill, disregarding all cut-motions put forward by opposition members from MQM-P and JI. These members had raised concerns about specific allocations they deemed unnecessary and burdensome on the public exchequer. This comprehensive…

Tax Refunds to Exporters in Three Days: Finance Minister In a recent press conference, Finance Minister Muhammad Aurangzeb announced that tax refunds will now be processed and refunded to exporters within three days. He also mentioned that the Public Sector Development Programme (PSDP) has been reduced and ministers are not receiving salaries. The minister expressed gratitude towards 42,000 new retailers for registering and informed that they will be taxed starting July 1st. He emphasized the importance of tax compliance and stated measures have been taken to ensure non-filers are encouraged to file their taxes. Highlighting the significance of IMF programme…

Saudi Arabia Urges Citizens to Leave Lebanon Amid Rising Tensions in the Middle East The Saudi Arabian Embassy in Lebanon has issued a statement urging all Saudi citizens to immediately leave the country due to increasing tensions in the region. The embassy is closely monitoring the situation in southern Lebanon and reiterating its travel ban to Lebanon. Saudi citizens currently in Lebanon are advised to contact the embassy in case of emergencies and to leave the country as soon as possible. The embassy’s priority is the safety and security of all citizens amidst the escalating conflicts. Meanwhile, fighting between Israeli…