Category Archives: News

A lawyer named Mian Dawood submitted the reference and asked the SJC to launch an investigation into the judge of the supreme court, whose assets are Rs. 3 billion. In the reference, Judge Naqvi was charged with breaking the judges' code of behaviour in violation of Clause (5) of Article 209 of the Constitution. The [...]

The Finance (Supplementary) Bill 2023, which the government urgently required to pass in order to receive the $1.1 billion tranche of the International Monetary Fund (IMF) loan, was signed by President Arif Alvi on Thursday. The Pakistani Constitution's Article 75 has authorised the passage of the finance bill, or "mini-budget." The Finance (Supplementary) Bill 2023 [...]

There was a slump in the industry as a result of a clash between the official and unofficial remittance channels. In January, the IT sector's exports dropped to $190 million, with a decline in computer and telecom services of 20% and 35%, respectively. Additionally, the export of computer software and consulting services for software fell [...]

As a result of the recent increase in General Sales Tax (GST) from 17% to 18%, including vehicles, Hyundai and other local automakers have announced a price increase for their vehicles. Hyundai has raised its prices for the second consecutive month, with Pakistan Suzuki Motors (PSMC), Atlas Honda (HACL), and Toyota Indus Motors (IMC) having [...]

Prisons would be filled with more than workers and former Punjab governor Umer Sarfraz Cheema, Senator Waleed Iqbal, Murad Raas, and other party officials during the initial stages of the movement. Imran Khan, the ousted prime minister, declared a court arrest movement in an effort to rally the populace in the face of the crackdown [...]

According to the two-judge bench, composed of Justice Chaudhry Muhammad Iqbal and Justice Muzamil Akhtar Shabbir, there is no constitutional provision for consultation between the ECP and the governor when declaring the election date. The Advocate General of Punjab (AGP) Shan Gul informed the court that there is no such provision in the Constitution or [...]

Pakistan Tehreek-e-Insaf (PTI) Senior Vice President Fawad Chaudhry has demanded the appointment of a new opposition leader in the National Assembly before the selection of a new chairman for the National Accountability Bureau (NAB). He insisted that the appointment of the head of the anti-graft body should only be made after proper consultation with the [...]

The government of Pakistan is steadfastly committed to finishing the International Monetary Fund (IMF) programme and upholding all of its obligations to other nations, according to Senator Ishaq Dar, the country's finance minister. The government's policies to improve fiscal and monetary stability while achieving sustainable economic development through practical policies were supported by the delegation [...]

Ishaq Dar, Pakistan's Finance Minister, has confirmed that the board of the China Development Bank (CDB) has approved a loan of $700 million to Pakistan. As a result of the announcement, the country's foreign exchange reserves have fallen to just under $3 billion, their lowest level in nine years, significantly reducing import capacity to just [...]

The Supreme Court of Pakistan has rejected all three petitions requesting an investigation into a cipher presented by Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan in March 2022, claiming it was evidence of a "foreign conspiracy" to overthrow his government. After an in-chamber hearing on petitions submitted by three attorneys asking for the creation of a [...]

Shehbaz Sharif, the Prime Minister of Pakistan, addressed a federal cabinet meeting in Islamabad on Tuesday. During the meeting, the focus was on the expected austerity measures underway to stave off default as Pakistan prepares to sign an agreement with the International Monetary Fund (IMF) at the staff level. The Prime Minister stressed during his [...]

Pakistan's Finance Minister, Senator Ishaq Dar, held a meeting with the US Ambassador to Pakistan, Donald Blome, to discuss measures taken by the coalition government to address the economic challenges that the country is grappling with at the moment. During the meeting, the US representative expressed confidence in the Pakistani government's policies and programs to [...]

Imran Khan, the Chairman of Pakistan Tehreek-e-Insaf (PTI), criticized the government of the Pakistan Democratic Movement (PDM) after it announced a series of cost-saving measures to ease the burden on the national budget during a period of economic crisis. During a video address to the nation, Khan urged the PDM to repatriate their looted funds [...]

In Pakistan, Kia Lucky Motors has raised the cost of its vehicles in line with market demand. The increase in rates is a result of the sales tax's increase from 17% to 18%, which takes effect on February 14, 2023. The business updated its car prices to reflect the new rate as a result. Here [...]

Peugeot Pakistan has increased the price of its Peugeot 2008 crossover SUVs by 18% due to the government's implementation of a General Sales Tax (GST), up from the previous rate of 17%. The company shared the updated prices for both variants of the SUVs through a social media post. The Peugeot 2008 Active variant will [...]

Yamaha, one of Pakistan's leading bike manufacturers, has announced its first price increase for 2023. The company has increased the prices of its bikes, and as usual, there is no official reason provided for the hike. However, the increase may be due to the recent implementation of the 18% General Sales Tax, which replaces the [...]