Category: Pakistan

The case against Monis Elahi dates back to August 11 when the NAB chairman issued an arrest warrant against him. He is accused of embezzling substantial sums, amounting to billions of rupees, in developmental projects.

Sharif emphasized that during Nawaz Sharif’s tenure as Prime Minister, Pakistan witnessed historically low inflation rates, marking a period of the lowest cost of living for the people. He pointed out that the prices of essential commodities such as flour, sugar, electricity, and gas were remarkably stable during Nawaz Sharif’s government.

According to the World Bank’s proposal, individuals with a monthly income of 500,000 rupees or less would be subjected to a 35% tax rate. This move aims to broaden the tax base and increase the government’s revenue, which is crucial for funding essential public services and poverty alleviation programs.

It is worth highlighting that just a month ago, on September 5th, the dollar stood at 307 rupees and 10 paisas in the interbank market. This recent decrease of 23 rupees and 50 paisas within a month has captured the attention of financial analysts and market observers, signifying a positive trend for the Pakistani economy.

Sources indicate that the Finance Minister is expected to engage in discussions related to the sale of bonds in the international market with the economic team. This move suggests Pakistan’s intent to explore diverse financial avenues and strengthen its economic standing on the global stage.

Key aspects of this substantial investment include encouraging private sector participation in special economic zones, providing incentives, and granting 85,000 acres of leased land for agricultural purposes.

During the session, Deputy Governor Allah revealed that a significant 94% of accounts held in the range of up to 500,000 rupees, demonstrating the widespread impact of this regulation. Only 6% of account holders maintain balances exceeding 500,000 rupees.

According to the official statement released after the meeting, a briefing was given on the ongoing nationwide crackdown against hawala transactions, illegal currency exchange, and smuggling

Addressing the gathering, General Munir articulated that Pakistan has no alternative but to confront the challenges head-on. His words echoed a sentiment deeply rooted in the country’s commitment to safeguard its borders and protect its citizens.