OGRA Announces a Significant Reduction in LPG Prices for June In a welcome move for consumers, the Oil and Gas Regulatory Authority (OGRA) has announced a substantial reduction in the price of Liquefied Petroleum Gas (LPG) for the month of June. The regulatory authority has decreased the LPG prices by…
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News
Development Budget for Members of Parliament to Increase by 19 Billion Rupees In a new budget proposal, an increase of nineteen billion rupees has been suggested for the development schemes of members of parliament, despite the ongoing economic difficulties. This proposal aims to provide additional resources to support the development…
Officers Accuse Sindh Government of Violating Merit in Prison Promotions In a surprising revelation, 25 officers from the Sindh prisons department have jointly written a letter to the Chief Secretary of Sindh, the Additional Chief Secretary, and the Inspector General of Prisons, alleging a significant irregularity in the promotions within…
LATEST HEADLINE
Mysterious Explosion Leaves 6 Dead and 3 Injured in Kot Addo In a devastating incident, a mysterious explosion ripped through a house in the city of Kot Addo, Punjab, resulting in the deaths of six individuals, including a young girl. Three others were injured in the blast, which occurred in the Daira Deen Panah area of Kot Addo. Rescue Efforts Underway as Authorities Investigate the Incident Local authorities and rescue…
Finance Minister Criticizes IMF Mission Chief’s Remarks A day after the International Monetary Fund (IMF) mission chief Nathan Porter made comments on Pakistan’s political situation, Minister of State for Finance and Revenue Dr. Aisha Ghaus Pasha responded, stating that he should refrain from interfering in domestic political matters. While the IMF typically avoids commenting on domestic politics, Porter’s statement on Tuesday expressed the hope for a peaceful resolution in line…
Visa Waiver Agreement: Red and Blue Passport Holders Pakistan and Belarus have recently signed a significant visa waiver agreement, allowing holders of red and blue passports to travel between the two countries without the need for visas. Foreign Minister Bilawal Bhutto-Zardari made this announcement during a joint press conference with his Belarusian counterpart, Sergei Aleinik. The visa waiver specifically applies to diplomatic and official passport holders, facilitating smoother travel and…
AVGAS Shortage Grounds Flying Schools and Air Ambulance The Aircraft Owners and Operators Association (AOOA) of Pakistan issued a press release revealing that flying schools across the country have been forced to halt their activities due to a severe shortage of aviation gasoline (AVGAS). This shortage has also affected the operations of the Edhi Air Ambulance, grounding their vital services. Urgent Call to Address Fuel Shortage and its Consequences Imran Aslam, CEO of AOOA, has urgently called upon the government…
Introduction Pakistan has long been seen as a key player in the Afghan conflict, due to its historical and strategic ties with the Taliban. However, the recent developments in Afghanistan have exposed the limits and challenges of Pakistan’s influence over the new rulers in Kabul. Despite its initial euphoria over the Taliban’s victory, Pakistan soon realized that its friendship with the group would not be as smooth and easy as it had hoped. In fact, Pakistan faces several risks and…
Massive Shortfall in Tax Collection for May 2023 The Federal Board of Revenue (FBR) has encountered a significant setback with a massive shortfall of Rs. 62 billion in tax collection for the month of May 2023. Unofficial data obtained from the FBR revealed that the tax collection for May 2023 amounted to Rs. 559 billion, falling short of the assigned target of Rs. 621 billion by a substantial margin of Rs. 62 billion. As of now, the FBR has collected…
President of Matosinhos City Council in Portugal, Luísa Salgueiro announced that the Council was considering the implementation of a tourist tax starting in 2024. The proposal follows in the footsteps of other municipalities that have introduced similar measures to regulate tourism and generate revenue for local development projects. Salgueiro confirmed the council’s intentions to create a tourist tax. The details regarding the specific rate and collection process are yet to be determined, as the council will commission a study to…
SBP Clears Banks of Exchange Rate Manipulation: The Senate Standing Committee on Finance and Revenue was informed on Wednesday that commercial banks have been given a clean chit in the exchange rate manipulation inquiry conducted by the State Bank of Pakistan (SBP) last year. Under the chairmanship of Senator Saleem Mandviwalla, the committee was briefed by SBP Deputy Governor Dr. Inayat Hussain. Dr. Hussain stated that the upcoming budget may include provisions to tax the profits of banks that have…
Concessionary Gas Tariff Extended for Export-Oriented Sectors In a move to bolster the export sector, the government has extended a concessionary tariff of $9 per million British thermal units (mmBtu) for the supply of gas to five export-oriented sectors for the months of May and June. To facilitate the disbursement of the subsidy, the Ministry of Energy will provide a supplementary grant of Rs4 billion to Sui Northern Gas Pipelines Limited (SNGPL). This subsidy amounts to Rs2 billion for each…
Arrested Militant Reveals Disturbing Details of Sabotage Activities The Counter-Terrorism Department (CTD) in Karachi made a significant breakthrough in the ongoing fight against terrorism by apprehending a militant affiliated with international handlers, as reported on Thursday. The arrest was the culmination of a thorough investigation conducted by the CTD, during which the captured terrorist made startling revelations. International Terrorist Group Connections Unveiled by the Suspect In a shocking confession, the apprehended terrorist admitted his involvement in a series of sabotage…
Solar Systems for Thar Residents The Sindh government has made a decision to utilize the royalty funds received in exchange for Thar Coal to install solar systems in the homes of Thar residents. This move, reported on Thursday, will significantly contribute to providing uninterrupted electricity supply, including water supply, to the region. Imtiaz Ahmed Shaikh, the Provincial Minister for Energy, emphasized that this decision was made under the directives of PPP Chairman Bilawal Bhutto Zardari and Chief Minister Sindh Murad…
