Author Archives: Imad Khan

In her speech at the China Development Forum in Beijing, Georgieva emphasised the need for caution in what she expects to be another difficult year, with global growth slowing to below 3.0 percent due to the conflict in Ukraine, tightening financial conditions, and pandemic-related scarring. She emphasised that there are "exceptionally high" uncertainties and that [...]

Lahore is preparing for a rally called by the Pakistan Tehreek-e-Insaf (PTI), and local authorities have blocked access to the rally's location, Minar-e-Pakistan, by setting up containers. Other areas of the city, like GT Road, Cup Store, and Du Maurya Bridge, have also implemented comparable measures. These barriers were erected by the administration and police [...]

Oil marketing companies (OMCs) in Pakistan are facing financial instability due to a dispute with the Oil and Gas Regulatory Authority (Ogra) over the recovery of exchange rate losses on imports. Due to the Pakistani rupee's sharp depreciation against the US dollar in February, OMCs reported losses of Rs 32 billion in just two weeks. [...]

According to the IMF, Pakistan's institutions should be the only ones to decide whether to hold elections or postpone them, and outside influences should not be allowed. The IMF's stance comes after talks between the lender and Pakistan over an extended fund facility (EFF) have been stalled for months, despite coming close to finalizing the [...]

Their ability to buy basic necessities and their inability to pay for food during the holy month are both a result of the high prices of these commodities. Contrary to other parts of the world, Pakistan is experiencing an increase in commodity prices during Ramadan, adding to the suffering of an already impoverished population. While [...]

The coalition government and IMF started negotiating in February with the goal of releasing the critical funds to Pakistan, a nation of 220 million people suffering from severe economic hardship. The poor were severely impacted by Pakistan's high inflation rate in February, which was the highest in 50 years. A stumbling block in the negotiations [...]

The ECP cited the inability to hold fair and peaceful elections on the original date. The decision has been praised by the information minister, Marriyum Aurangzeb, who said it is best for the nation. The ECP's action has raised questions about whether the ideologically divided top court will compel the relevant authorities to hold elections [...]

Pak Suzuki Motor Company (PSMC) has announced a loss of Rs6.3 billion for the financial year ended on December 31, 2022. The company's foreign liabilities of $184 million at the end of the year have surged to $218 million after the end of the year. The company has released a statement notifying the Pakistan Stock [...]

He spoke at the launch event for the initiative "Teleschool Pakistan App, Google for Education and Digital Continuous Professional Development," which aims to transform formal education in the nation. The Ministry of Federal Education created the mobile app Teleschool Pakistan to offer free online instruction to students in all grade levels. The prime minister noted [...]

After PTI supporters and police clashed in the capital, the former prime minister appealed for protective bail in two terrorism cases. Justice Syed Shahbaz Ali Rizvi's division bench has granted Imran bail until March 27. Imran must appear in court on Tuesday if he requests relief in the terrorism cases brought against him, the court [...]

  Imran Khan, a former Pakistani prime minister and the head of the Pakistan Tehreek-e-Insaf (PTI), claims in a letter to Chief Justice of Pakistan (CJP) Umar Atta Bandial that an assassination plot by "unknown" individuals has put Bandial's life in danger. Due to security concerns, Imran has asked for permission to appear in court [...]

State Minister for Petroleum, Dr Musadik Malik, revealed that the government will provide petrol at Rs100 below the official rate for motorbikes and cars with an engine capacity of up to 800cc. This initiative comes just a day after the announcement of a Rs50 subsidy on each litre of petrol for the less privileged citizens. [...]

The interim government of Khyber-Pakhtunkhwa (KP) has reached out to the Punjab administration, requesting the immediate lifting of the ban on flour deliveries and the removal of all other barriers. The Ramadan package, worth Rs 19.77 billion, has also begun to be implemented by the interim government in order to assist the 36.8 million registered [...]

The Grocery Merchant Association has decided to boycott all sales of flour after the Punjab government announced a record increase in the cost of cheap, subsided flour. A flour crisis is anticipated to result from this boycott in Rawalpindi. Additionally, the government increased the price of selling 40kg of wheat to flour mills from Rs2,300 [...]

Shah Mahmood Qureshi, senior vice-chairman of Pakistan Tehreek-e-Insaf (PTI), has urged Prime Minister Shehbaz Sharif to make a policy statement on the country's missile programme, which has sparked a discussion in the Senate of the nation. Qureshi called for a private meeting to discuss the matter if the prime minister was unable to respond to [...]

The mandatory minimum fee of 1.5% that banks were required by law to charge merchants for debit and credit card transactions has been eliminated by the central bank. According to a notification issued on Friday, financial institutions may now charge less than 1.5%. The SBP has kept the fee's upper limit at 2.5%. Additionally, the [...]