The Federal Ministry of Finance has issued a report to the Federal Cabinet recommending a special stipend for officers and youngsters in the armed services of 15% of their basic pay.The ministry had requested Prime Minister Imran Khan’s approval for the special stipend, but the premier told it to discussContinue Reading
The Pakistan Army will be on “standby” to help in the conduct of the General Election for the Legislative Assembly on July 25 after the Azad Jammu and Kashmir Election Commission requisitioned troops. According to a Ministry of Interior notification dated July 8, the government is “pleased to authorise theContinue Reading
According to statistics from the National Command and Operations Centre (NCOC), Pakistan had the highest coronavirus positive ratio in the past 24 hours, at 4.09 percent, up from 4.05 percent on May 30. On Sunday, the NCOC released daily figures, stating that 1,980 coronavirus infections were discovered in 48,382 testsContinue Reading
KABUL, Afghanistan (AFP) – The Taliban claimed control of 85 percent of Afghanistan on Saturday, as authorities prepared to recapture a vital border crossing taken by the militants in a broad operation begun as US soldiers leave the war-torn country. The Taliban announced on Thursday that its forces had takenContinue Reading
ISLAMABAD: Asad Umar, the Federal Minister for Planning, stated on Friday that there are obvious early indicators of the fourth COVID-19 wave beginning in Pakistan, owing to a lack of standard operating procedures (SOPs) and the proliferation of the Delta version. The federal minister, who is also the head ofContinue Reading
SLAMABAD: President Arif Usmani and Chairman NBP Zubyr Soomro of the National Bank of Pakistan (NBP) were reinstated by a division bench of the Islamabad High Court (IHC) on Thursday.In response to petitions contesting their nominations, a single-member bench of the high court ordered Usmani and Soomro’s removal from theirContinue Reading
KARACHI: The rupee dropped to a five-month low against the US dollar on Thursday, under pressure from import payments. Forex brokers, according to a storey in The News, predict the local currency to lose additional ground in the coming days. The rupee closed at 159.33 per dollar on the interbankContinue Reading
The Securities and Exchange Commission of Pakistan (SECP) announced on Wednesday that three new Housing Finance Companies (HFCs) were granted licences in FY21, with the goal of revitalising the industry.The firms include Pakistan Housing Finance Company Limited, Trellis Housing Finance Company Limited, and Asaan Ghar Finance Limited, according to theContinue Reading
ISLAMABAD :Samsung has been in negotiations with three investors about establishing a mobile manufacturing facility in Pakistan. According to sources, one of the three parties has a franchise from Korea and has already established car assembly factories in Pakistan as part of the Auto Development Policy (ADP) 2016-21, while theContinue Reading
ISLAMABAD: Pakistan’s Minister for Information and Broadcasting, Chaudhry Fawad Hussain, claimed on Tuesday that the storey of a restriction on freedom of speech in Pakistan was being spread by a conspiracy. In a tweet, the minister claimed that a certain entity was behind the misinformation effort aimed at bringing PakistanContinue Reading
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