It has been reported that the government’s guarantee has raised hopes of securing a substantial bailout of PKR 7.5 billion from various banks. A final decision on the government’s loans from three banks is expected within the next two to three days.
Category: Pakistan
Khyber Pakhtunkhwa Government Takes Drastic Measures to Tackle Financial Crisis
This decision was reached during a meeting at the Finance Department where the KP government evaluated the severity of the financial crisis. To save the province from defaulting on its financial obligations, various options were explored, and it was decided to implement three key measures to regain control over the finances.
Police arrest two Afghan nationals after shootout in Peshawar.
In Peshawar, Pakistani police have reported the arrest of two Afghan nationals following a shootout. According to law enforcement officials, these individuals are suspected of […]
Pakistani rupee gains ground against Saudi riyal.
Saudi Minister of Energy, Prince Abdulaziz bin Salman, delivered a keynote address at the 7th Future Investment Initiative (FII7) forum in Riyadh. He stressed the […]
State Bank of Pakistan Releases Annual Economic Report for 2022-23
The report highlights that Pakistan’s economy faced multiple challenges during the fiscal year 2022-23. The average inflation rate reached its highest level in several years, mainly attributed to inadequate and slow-paced tax reforms. These fiscal policy challenges made it challenging to meet the country’s expenditure requirements.
Pakistan Successfully Launches Cruise Missile System
The Commander of the Army Strategic Forces Command, Lieutenant General Nadeem Zaki Manj, oversaw the training standards and operational preparedness of the Army Strategic Forces. His leadership and involvement were crucial in ensuring the success of the launch.
Fuel Crisis Paralyzes Pakistan International Airlines’ Flight Operations
National airlines like PIA typically require a consistent supply of fuel to maintain their flight schedules. The inability to secure adequate fuel has put PIA’s flight operations in jeopardy, causing cancellations and delays.
Mohammad Ali Durrani Holds Talks with Maulana Fazlur Rehman on National Reconciliation
The issue of national reconciliation has gained prominence within political parties and institutions, and former Federal Minister Mohammad Ali Durrani has become actively involved in facilitating dialogue and negotiations on this crucial matter.
Security concerns prevent PTI chairman’s appearance before election commission.
ISLAMABAD (Dunya News) – The Ministry of Interior has declined to present the Pakistan Tehreek-e-Insaf (PTI) chairman before the Election Commission of Pakistan (ECP), citing […]