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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

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

Aga Khan IV, leader of Ismaili Muslims, dead at 88

LISBON: Prince Karim Aga Khan IV, the spiritual leader of the Ismaili community and philanthropist, passed away in Lisbon. He was 88. A notice on the website of the Aga Khan Development Network – the development organisation he founded – announced his death, saying that he “passed away peacefully in Lisbon on 4 February 2025… surrounded by his family”. It said: “His Highness Prince Karim Al-Hussaini, Aga Khan IV, 49th hereditary Imam of the Ismaili community, passed away peacefully in Lisbon on 4 February 2025, aged 88, surrounded by his family. “Prince Karim Aga Khan was the founder and chairman

The Role of International Financial Institutions in Addressing Global Poverty

Introduction: International Financial Institutions (IFIs) such as the International Monetary Fund (IMF), the World Bank, and regional development banks have played crucial roles in the global economic landscape for decades. Their primary mission has been to support economic stability, growth, and poverty reduction worldwide. Despite this noble mission, the effectiveness of these institutions in addressing global poverty remains a topic of ongoing debate. In this blog, we’ll explore how IFIs function, their impact on developing nations, and the criticisms they face in their attempts to address the challenges of poverty. The Purpose of IFIs: The IMF and the World Bank

Maryam Nawaz vision: Own Roof for Every Homeless

Lahore: Chief Minister Punjab Maryam Nawaz Sharif presided over a special meeting with regard to Apni Chhat….Apna Ghar program in which a detailed review was taken on progress being made about Apni Chhat….Apna Ghar program. The scheme to provide free plots to homeless citizens in Punjab was reviewed along with taking into consideration various other recommendations and proposals. The Chief Minister directed to conduct a detailed review of 3 and 5 marla government housing schemes across the province. The meeting decided to establish an 8-member committee to finalize TORs for providing free of cost plots to the public. It was

‘Uraan Pakistan’ program to lead country towards progress: Ahsan Iqbal

Minister for Planning and Development Ahsan Iqbal says ‘Uraan Pakistan’ Program will lead the country towards development and prosperity. Speaking at a function in Narowal, he said Pakistan is moving forward on the path of economic stability under leadership of the Prime Minister Shehbaz Sharif. Ahsan Iqbal said after a long time, Pakistan is all set to embark on the journey of development once again and five year home grown economic initiative has been designed to achieve all goals. He further said that if stability and continuity in policies is ensured, Pakistan can emerge as the fastest-developing economies in the

Farmers are backbone of our economy, says Jahangir Khan Tareen

Multan: “A stable agricultural economy is vital for Pakistan’s progress, and the sugar industry plays a significant role in strengthening the country’s economic foundation while fulfilling domestic needs and earning valuable foreign exchange,” said Jahangir Khan Tareen during his visit to JK Sugar Mills in Mian Channu. Accompanied by Ali Khan Tareen, Tareen engaged with local farmers and reviewed the mill’s operations. He emphasized the pivotal role of farmers in the country’s agricultural sector, stating, “Farmers are the backbone of our economy, and their progress will strengthen and foster economic growth.” He also highlighted that JK Mills is paying PKR

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