Author Archives: Aly Bukshi

Trading was halted for Friday prayers, and the KSE-100 index, the industry standard, dropped by 568.21 points, or 1.34 percent, to hit 41,898.38 points. The market was under pressure as a result of the delay, according to Mohammad Sohail, CEO of Topline Securities. The delay in obtaining the staff-level agreement with the IMF caused the [...]

According to a formal notice, the company will cease production operations from February 13 to February 17, 2023, due to a shortfall of inventory brought on by import restrictions enforced by the State Bank of Pakistan (SBP). Also closed on weekends, the business will reopen on February 20, 2023. The notification reads as follows: The [...]

The Board of Revenue Sindh (BoR) and NADRA Technologies Limited (NTL), a division of NADRA, have decided to adopt NTL's biometric verification technology at all Sindh Sub-Registrar Offices to prevent impersonation in property registration. The use of technology to precisely identify those involved in real estate transactions will promote openness in the registration procedure for [...]

Sales Tax General Order (STGO) 7 of 2023 was released by the FBR on Friday. The FBR informed merchants that their input tax claims will be denied without additional notice or legal action. "Their input tax claim would be refused as above, without any additional notice or proceedings, with the filing of Sales Tax Return [...]

Friday's meeting of the Cabinet's Economic Coordination Committee (ECC) was presided over by Finance Minister Ishaq Dar. Detailed information about the debt refinancing of Power Holding Limited and a surcharge to recoup markup fees were supplied by the Ministry of Energy's Power Division. Surcharge of Rs. 1 Per Unit : Following discussion, the ECC approved [...]

The Pakistani Prime Minister, Shehbaz Sharif, has pledged to provide full support to Turkey following the devastating 7.8 magnitude earthquake. The death toll stands at 17,674 in Turkey and 3,377 in Syria, with a total of 21,051 confirmed fatalities as of Friday morning. At an event held at Lahore airport, the Prime Minister announced that [...]

This festival aims to dig into important subjects like literature, education, and the economy with over 50 sessions showcasing a broad mix of entertainment, humour, music, dance, book releases, and conversations conducted by some of Pakistan's best intellectuals and artists. Mohsin Naqvi, the interim chief minister of Punjab, Syed Murad Ali Shah, Aamir Mir, the [...]

The government will impose taxes amounting to approximately Rs 170 billion to revive the loan program. Dar confirmed receipt from the IMF of the draft Memorandum of Economic and Financial Policies (MEFP) and reminded the public that the program being implemented was signed by the previous Prime Minister Imran Khan. According to him, the current [...]

The High Court of Pakistan announced the reserved judgement and directed the Election Commission of Pakistan (ECP) to announce the schedule and conduct the elections in Punjab within 90 days as per the Constitution. The Pakistan Tehreek e Insaf (PTI) had earlier approached the LHC and claimed that the ECP with the assistance of the [...]

A Rangers vehicle is seen speeding through an intersection during the incident on CCTV when a silver car does a U-turn. The biker gets struck by the Rangers' vehicle as the driver leans slightly to the left, causing him to fall to the ground. Three staff members approach the citizen without even checking on him [...]

During a recent interview with Voice of America (Urdu), former Prime Minister Imran Khan stated that former Chief of Army Staff General (retd) Qamar Javed Bajwa admitted to being behind the removal of Khan's government. According to Khan, the United States and Punjab caretaker Chief Minister Mohsin Naqvi were involved in the "regime change" operation. [...]

The FBR issued directives to all Chief Collectors/Directors General/Collectors of Customs and Directors General/Chief Commissioners of Inland Revenue on Friday regarding this. The majority of the FBR field formations, despite repeated orders from the Board from time to time, are not updating the HRIS data, according to the FBR's direction to the field formations. The [...]

Dr. Usman Anwar, Punjab's Inspector-General of Police, informed the ECP of the growing threat of terrorism in the province and the difficulties involved in conducting peaceful elections. The Punjab IGP, in a meeting presided over by the Chief Election Commissioner, Sikander Sultan Raja, explained that a police operation is currently underway in rural areas of [...]

In order to provide security during the elections, the Election Commission of Pakistan (ECP) requested that the interior ministry obtain the assistance of the armed forces.   The Ministry of Defence, in a letter to the interior ministry, regretfully informed that it could not provide the deployment of Rangers and FC forces due to the [...]

Unscrupulous traders and black marketers have used these locations to store and hoard petroleum products for the purpose of making inventory gains.   As a result of a correspondence sent to the Chief Secretary of Punjab, OGRA alerted the authorities to the illegal activities taking place in these storage facilities and how these practices are [...]

Earlier today the Islamabad Session Court dismissed the bail application of Sheikh Rashid Ahmad, the former interior minister. Sheikh Rasheed Ahmed the chairman of Awami Muslim League (AML) and Alley of Imran Khan is in the custody of Murree Police and facing the charge of plotting the murder of former president Asif Ali Zardari . [...]