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June 17, 2025

News Desk

Pakistan Cricket Star to earn a shocking amount for BBL 15

Former Cricket Captain Babar Azam’s cricket team has secured one of the highest salaries in the history of the Big Bash League (BBL) after signing Sydney Sixers in front of the next season. The Azam Convention is going to exceed the base price of the Platinum category, marking a significant achievement for the 30 -year stroke. Sources near the deal confirm that Azam’s salary will be almost a PKR 10 Crore, making it one of the highest paid players in the competition. The Platinum category for BBL Overseas players has a basic value of about 7.75 crore. This will be

February 27, 2025

News Desk

Now you can buy American citizenship after paying this amount

The view of the US capital in Washington, USA, August 3, 2023 – Reuters Washington: US President Donald Trump on Tuesday posted the idea of ​​replacing a visa program for foreign investors with a so -called “golden card” that could be purchased for $ 5 million as a route to US citizenship. Trump told reporters that he would replace the “EB-5” immigrant investors program, which allows foreign investors of large sums of money that create or maintain US jobs to become permanent residents, with a so-called “golden card”. The EB-5 program grants “green cards” to foreigners promising to invest in

December 31, 2023

News Desk

State expenditures amount to 4.8 trillion

Islamabad: Federal government spending rose to Rs4.83 trillion in five months due to unmanageable interest costs and a slight opening of the public purse for other spending, raising questions about claims to have achieved fiscal consolidation. Finance ministry sources revealed that the tight control maintained on spending till October was slightly relaxed last month, resulting in an estimated Rs580 billion jump in the federal budget deficit in just one month. During the July-November period of this fiscal year, the federal government’s total expenditure rose to Rs 4.83 trillion, an increase of nearly Rs 1.5 trillion or 43% compared to the

December 9, 2023

News Desk

Amount owed to Chinese IPPs crosses the Rs 400 billion mark

Chinese investors may slow progress on other power projects if cyclical debt issue not resolved Electricity transmission towers are pictured in Karachi, Pakistan on July 26, 2022. — Reuters “There is no way to limit the build-up of cyclical debt,” the official says. The Chinese are concerned about resolving outstanding debt. The revolving debt of Chinese IPPs hovered close to Rs 300 billion a few months ago. ISLAMABAD: The revolving debt owed by Independent Power Producers (IPPs) of Chinese companies has crossed the Rs 400 billion mark, making it difficult for the Chinese to aggressively pursue other projects in the

November 12, 2023

News Desk

SBP is pumping huge amount into the banking system

KARACHI: Pakistan’s central bank has pumped a significantly large sum of Rs4.77 trillion into the banking system for up to four weeks to allow conventional and Sharia-compliant banks to meet the cash-strapped government’s funding needs. Market discussions indicate that the State Bank of Pakistan (SBP) provided huge liquidity despite excess funds with commercial banks, as increased liquidity would encourage them to lend more to the government at reduced interest rates. Second, the central bank has been signaling to markets through heavy monetary easing that it may consider cutting its policy rate earlier than expected, possibly in December. Pak-Kuwait Investment Company

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