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Additional tax revenues to be spent on welfare projects: PM Shehbaz

Prime Minister Shehbaz Sharif has said the additional tax collection will be spent on health, education, and other public welfare projects. He said this in a statement in response to the Lahore High Court’s decision of dismissing the stay order on windfall tax on banks’ additional income, benefiting the national treasury by 11.5 billion rupees, and a total of 34.5 billion rupees over the last month. The Prime Minister, taking notice of the stay order cases regarding the windfall tax imposed on banks’ additional income under the Finance Act 2023, had directed the Minister of Law, Minister of Finance, Attorney

Pak Afghan jirga makes progress, Torkham could be opened anytime: member

ISLAMABAD: Pakistani and Afghan elders and traders made progress in a joint Jirga held on Monday to discuss the reopening of Torkham, a key border crossing for trade and pedestrians, a Jirga member said. Torkham was closed on Feb 21 after a controversy surfaced over constructions on both sides near the border. Pakistan Foreign Ministry spokesman Shafqat Ali Khan told a weekly press briefing on March 13 that the Afghan side had carried out an illegal and unilateral construction activity within the Pakistani territory at two points along the Pakistan border. On their part, Afghan Taliban officials insisted that they

Govt successfully steers country out of economic turmoil, says Rana Sanaullah

ISLAMABAD: Advisor to the Prime Minister on Political and Public Affairs, Rana Sanaullah said that the government has successfully steered the country out of economic turmoil, providing a stable foundation for further progress. Talking to a private news channel, he said that Parliament remains the best platform for discussing and resolving national issues. “We believe every matter should be addressed through democratic means,” he asserted. Addressing concerns regarding coalition partners, he acknowledged that minor disagreements are natural in coalition governments but clarified that there is complete understanding on fundamental issues. Replying to a question, he said that political matters must

Govt committed to economic stability despite attempts to create chaos: Khawaja Asif

Federal ministers have emphasized Pakistan’s ongoing efforts to restore economic stability, counter internal and external challenges, and accelerate digital transformation. defence minister khawaja asif stated that the government inherited difficult conditions but remains committed to stabilizing the economy despite attempts to create chaos. he accused the pakistan tehreek-e-insaf (pti) of disrupting national stability and reaffirmed the government’s resolve in fighting terrorism. “the war on terrorism is being fought vigorously, and pakistan’s enemies are being confronted,” asif said, acknowledging the country’s internal and external security challenges. minister for planning ahsan iqbal criticized past disruptions to pakistan’s economic roadmap, noting that vision

PM Shehbaz vows to increase Pakistan’s exports to $60 billion by 2029

Prime Minister Shehbaz Sharif, on the occasion of completing one year in office, has reaffirmed his commitment to boosting Pakistan’s exports to $60 billion by 2029. He made this statement while chairing a special meeting of the Federal Cabinet in Islamabad. The Prime Minister highlighted that the economy is growing stronger and more stable due to the collaborative efforts of the government and coalition partners. He emphasized that Vision-2035 aims to transform Pakistan into a one-trillion-dollar economy by 2035. He also noted significant improvements in the country’s economic indicators, such as foreign exchange reserves, which increased from $4 billion to

Talks begin with IMF on new bailout

Formal negotiations between the International Monetary Fund economic review mission and Pakistan’s economic team are set to commence today (Tuesday) for a $1 billion tranche from the $7 billion bailout deal. The talks will begin with a meeting between Finance Minister Muhammad Aurangzeb and the IMF delegation, where the finance secretary and other senior officials will brief on the economic situation and ongoing reforms. In July, Pakistan and the IMF finalised a three-year, $7 billion aid package designed to help the country establish macroeconomic stability and foster stronger, more inclusive growth. The 37-month Extended Fund Facility programme includes six reviews

Economic indicators improving due to govt’s efforts: PM Shehbaz

Prime Minister Shehbaz Sharif says provision of essential items to the people at affordable prices is the top priority of the government. In a statement, he expressed satisfaction over the continuous decline in the Consumer Price Index inflation. He also expressed confidence that inflation will decrease further. The Prime Minister said the current government is completing its one year in office and this is extremely good news on this occasion. He said it is very encouraging that inflation has come down to 1.5 percent last month, which is the lowest inflation rate since September 2015. He said the average inflation

PM Shehbaz-led govt has steered country out of economic woes, says Rana Sanaullah

Adviser to the prime minister Rana Sanaullah said that the Shehbaz Sharif-led government has steered the country out of the economic woes. Expressing his thoughts in Faisalabad, Sanaullah said: “Maryam Nawaz’s team is making all-out efforts to steer Punjab towards the prosperity.” “When they came to power, the country was facing power outages back in 2012,” said Sanaullah. He said, “People like Saqib Nisar have made bogus cases against us. Sanaullah said that the government had not stopped the opposition from holding the conference. Sanaullah said: “We had dealt the opposition before, when it came to protest.” The Pakistan Muslim

Country will steer towards prosperity under PML-N’s leadership, says Tarar

Federal Information Minister Attaullah Tarar said that the country will steer towards the prosperity under the leadership of the Pakistan Muslim League-Nawaz’s (PML-N) leadership. Addressing the workers’ convention via telephone in Sukkur, Tarar said: “Nawaz Sharif and Shehbaz Sharif are still having a vote bank in Sukkur. We [PML-N] will not leave the people of Sindh in isolation.” “The PML-N will pay great attention to uplift Sindh,” he said. Taking a jibe at the Pakistan Tehreek-e-Insaf (PTI), Tarar said: “The PTI founder-led government is responsible for harming the country that was witnessing the prosperity.” “The economic situation is getting better,

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