Punjab gets lion’s share of 51.74 percent budgetary distribution among federation, provinces By: APP on June 10, 2022ISLAMABAD: The Punjab province got lion’s share of 51.74 percent in budgetary distribution of resources among the federation and provinces while Sindh’s share was 24.55 percent and 14.62 percent and 9.09 percent share would be distributed to Khyber Pakhtunkhwa and Balochistan respectively. According to the Budget Brief, the province-wise ratios were based on multiple indicators […]
Budget 2022-23 to be presented in NA today By: Web Desk on June 10, 2022ISLAMABAD: The government is all set to present the Budget for the next fiscal year 2022-23 in the National Assembly (NA) today. According to details, Minister for Finance and Revenue Miftah Ismail will present the budget in the National Assembly at 4:00 pm, with a likely outlay of over Rs9.5 trillion. The budget has been […]
Political partners stand firm to cope with challenges By: Web Desk on June 10, 2022Former president Asif Ali Zardari hosted a dinner for the leaders of political parties in honor of the leaders of parties. The country’s current political situation was discussed. Leaders of all government political parties have expressed confidence in Prime Minister Shehbaz Sharif. Former President Asif Ali Zardari’s efforts are lauded by all leaders of ruling […]
Pakistan Economic Survey 2021-22 unveiled By: Web Desk on June 9, 2022ISLAMABAD: Miftah Ismail, Federal Minister of Finance and Revenue, formally unveiled the ‘Pakistan Economic Survey 2021-22’ on Thursday, a pre-budget document that presented significant economic figures and the performance of several economic sectors during the previous fiscal year. The coalition government reflected upon the performance of the economy for the outgoing fiscal year with provisional […]
After three-day upward streak rupee trades at 201.4 against US dollar in interbank market By: Web Desk on June 8, 2022On Wednesday, the Pakistani rupee recovered from a three-day slump, gaining about Rs1.5 against the US dollar in the interbank market during intraday trade. As of 10:15 a.m., the rupee was trading at 201.4 per US dollar in the interbank market, according to the Forex Association of Pakistan. The American currency lost Rs2.33 in its value […]
Dollar breaks all previous records, touches 203.50 mark in interbank trading By: Web Desk on June 7, 2022The US dollar, which began its upward trend yesterday, has soared to a new historic high against the Pakistani rupee, surpassing all prior records. According to forex dealers, the US dollar began the day gently with a 44-paisa increase before soaring to a new record level of Rs203.50, up Rs3.44 during intrabank trading on Tuesday. […]
Avoid ‘unnecessary views’ on Pakistan’s nuclear programme, says CJCSC Nadeem Raza By: Web Desk on June 6, 2022RAWALPINDI: On Monday, General Nadeem Raza, Chairman of the Joint Chiefs of Staff Committee (CJCSC), emphasised the importance of Pakistan’s nuclear capacity as a guarantee of deterrence and defence of the motherland. According to Inter-Services Public Relations (ISPR), the CJCSC delivered the keynote presentation at the NUST Institute of Policy Studies (NIPS) in Islamabad during […]
Hard work, integrity shape nations: PM By: APP on June 5, 2022LAHORE: Prime Minister Muhammad Shehbaz Sharif on Sunday said that nations were not formed on the basis of construction of magnificent buildings, but hard work, integrity and sacrifices coupled with use of latest knowledge and technology always evolved them. Addressing an inauguration ceremony of 600-bed state of the art Indus hospital at Jubilee Town, the […]
President returns Accountability (Amendment) Bill to PM for reconsideration By: APP on June 4, 2022ISLAMABAD: President Dr. Arif Alvi has returned the National Accountability (Amendment) Bill to the Prime Minister while observing that Article 46 of the Constitution of the Islamic Republic of Pakistan had been violated as he was not informed about this legislative proposal before bringing the bill to the parliament. Article 46 of the Constitution of […]
FIA seeks court order for arresting both Shahbaz and Hamza in money laundering case By: Web Desk on June 4, 2022 The Federal Investigation Agency (FIA) sought a court order for Prime Minister Shehbaz Sharif and Punjab Chief Minister (CM) Hamza Shehbaz’s arrest in the money laundering case on Saturday. Farooq Bajwa, an FIA prosecutor, told the FIA’s Special Court that the Agency wants to examine both the father and the son to discover the […]