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Bridging The Gap
CM Shehbaz rejects NAB money laundering allegations against Nawaz CM Shehbaz rejects NAB money laundering allegations against Nawaz
Punjab Chief Minister Shehbaz Sharif rejected money laundering allegations levelled by the National Accountability Bureau (NAB) against his brother Nawaz Sharif on Wednesday. Speaking to the media in Lahore, CM Shehbaz quipped that the anti-graft watchdog’s sun was shining brightly in Punjab. He pointed out that the money laundering claims had been dismissed by the World Bank already. The Pa...
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Plan to exchange trade data with China misses second deadline Plan to exchange trade data with China misses second deadline
Pakistan’s decision to postpone the signing of a revised Free Trade Agreement (FTA) has now hit its plans to digitally exchange trade data to capture the real value of imports from the neighbouring country, as China has missed the second deadline to make the new system operational. Pakistani authorities believe that by delaying the operationalisation of the Electronic Data Exchange, Beijing is ...
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Check-posts reduced in South Waziristan as peace returns to region Check-posts reduced in South Waziristan as peace returns to region
PESHAWAR: The Pakistan Army stated on Friday that the number of check-posts in South Waziristan have been reduced from 32 to five after the restoration of peace in the volatile region. IG FC South Maj Gen Abid Latif Khan confirmed the news and said it was made possible after return of normalcy to the area. He added that almost 30km of the Pak-Afghan border has also been fenced to check unauth...
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Hazaras calls off strike as COAS assures security Hazaras calls off strike as COAS assures security
QUETTA/ ISLAMABAD: The protesting Hazara community in Quetta called off its sit-ins and protest in the early hours of Wednesday after Army Chief General Qamar Javed Bajwa met the community elders in Southern Command and assured them security. General Bajwa arrived in Quetta late on Tuesday night and called tribal elders and protesting women in Southern Command to apprise him of their grievanc...
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New Islamabad airport inaugurated after years of delay New Islamabad airport inaugurated after years of delay
Prime Minister Shahid Khaqan Abbasi officially inaugurated the new Islamabad International Airport (IIA) on Tuesday, the first greenfield airport of Pakistan destined to emerge as one of Asia’s major aviation hubs after its operationalisation. A Pakistan International Airlines (PIA) flight, PK-300, landed at the airport as part of its inauguration ceremony. Speaking at the opening ceremony, ...
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Centre uses petrol levy to cut share of provinces Centre uses petrol levy to cut share of provinces
In a bid to contain transfer of fiscal resources to provinces without undermining the Constitution, the Centre has decided to use petroleum levy as a tool to earn Rs480 billion by imposing an inflationary Rs30 per litre levy on all petroleum products. By increasing the rate of the levy, the government will smartly generate Rs480 billion in extra revenues, besides addressing the issue of sharing...
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PML-N announces historic sixth budget PML-N announces historic sixth budget
After a ruckus in the National Assembly and a walkout by the opposition, Dr Miftah Ismail, the day-old finance minister of Pakistan, announced the budget for fiscal year 2018-19. The speech was preceded by a commotion with leader of the opposition Syed Khursheed Shah criticising the government for announcing the budget as its tenure is due to end next month. Ismail, who was earlier the Board...
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Khawaja Asif disqualified for life by Islamabad High Court Khawaja Asif disqualified for life by Islamabad High Court
In another blow for the Pakistan Muslim League-Nawaz (PML-N), the Islamabad High Court on Thursday disqualified Foreign Minister Khawaja Asif under Article 62 (i) (f) of the Constitution for the non-disclosure of his employment as an occupation and the monthly salary he was receiving. “These ought to have been truly declared in the nomination paper of, at best, when the statement regarding fore...
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US diplomat placed on 'blacklist' for killing Islamabad motorcyclist US diplomat placed on 'blacklist' for killing Islamabad motorcyclist
The Ministry of Interior on Tuesday placed the name of US diplomat Colonel Joseph Emmanuel Hall on the blacklist, prohibiting the US defence and air attache from leaving the country. The revelation came during a hearing at Islamabad High Court (IHC) after a petition was filed by the father of the deceased. Representing government, Deputy Attorney General Raja Khalid Mehmood informed the cou...
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Govt injected $7b to keep rupee overvalued in recent years Govt injected $7b to keep rupee overvalued in recent years
The PML-N government has pumped $7 billion into defending the overvalued rupee against the US dollar in recent years, claimed a member of the Economic Advisory Council (EAC) while seeking action against the people responsible for the spending. Neither State Bank of Pakistan (SBP) Governor Tariq Bajwa nor Adviser to Prime Minister on Finance Dr Miftah Ismail contested the claim made by Dr Abid H...
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