The Election Commission of Pakistan (ECP) was instructed by the Islamabad High Court (IHC) on Friday to hold local government elections in the federal capital on December 31 as previously announced. The ruling on the petitions filed by the PTI and Jamat-e-Islamic challenging the ECP decision to postpone the LG elections "for the time being" [...]

The government aims to raise an additional Rs. 60 billion in revenue to mitigate post-flood aftershocks, therefore a mini-budget is likely in the works. A Presidential Ordinance could be used to levy these fees, keeping the money out of the federal divisible pool and away from the National Finance Commission's (NFC) awards. Additionally, because the [...]

Kane Williamson of New Zealand, freed from the responsibility of serving as red-ball captain, hit a masterful 200 not out on Thursday to put his team in command of the opening Test against Pakistan. Williamson handed up his resignation as Test captain earlier this month, but he demonstrated that he is still the backbone of [...]

In a battle on Thursday in the Arawali neighbourhood of the Kurram District, three Pakistan Army soldiers were martyred and two terrorists were put to death. According to a statement from the Inter-Services Public Relations (ISPR), the Pakistan Army's soldiers fought valiantly and successfully engaged the terrorists' location. Additionally, weapons and ammo from the terrorists [...]

The Federal Board of Revenue (FBR) has been instructed by the Federal Tax Ombudsman (FTO) to thoroughly investigate the thousands of fictitious entries made in a taxpayer's name in the RTO Islamabad and to order an IT audit of all fictitious transactions. A complaint made by a deputy secretary in the ministry of law and [...]

The Federal Board of Revenue (FBR) ordered all field formations of Customs on Thursday to implement the 7,575 item specified standard units of quantity/measurement (UoM). The FBR released a customs general order (CGO) 5 of 2022 in this regard on Thursday. The FBR has instructed all field formations of Customs to adopt the standard units [...]

The federal government will launch a competitive grants programme for policy-oriented research with a budget of Rs. 1.756 billion in order to increase the body of knowledge among the indigenous people and aid policymakers in the development of evidence-based policies. Most socioeconomic research in Pakistan is currently supported by foreign donors; as a result, it [...]

With the repatriation of profits on foreign investments falling by 83.41 percent year over year (YoY) in July–November of the current fiscal year 2022–23, Pakistan has become one of the least desirable moneymaking markets for foreign investors due to the outflow of dollars and the deteriorating state of the economy. The State Bank of Pakistan [...]

For the One Day International series against the Black Caps, the Interim National Selection Committee has released a list of 21 possible players. 21 players were chosen for the home series by the selection committee, which was led by Shahid Afridi, including Sharjeel Khan, Abrar Ahmed, Aamer Jamal, Ihsanullah, Kamran Ghulam, Qasim Akram, and Tayyab [...]

On Thursday, the first winter rain fell in several Punjabi cities, including the province capital Lahore, which resulted in a drop in temperature. Today's temperature, which was 13 degrees Celsius before the light showers, will drop to 8 degrees at midnight. A westerly wave that hit Balochistan earlier this week and is likely to engulf [...]

On Wednesday, Prime Minister Shehbaz Sharif spoke by phone with Recep Tayyip Erdogan, President of Turkey, about bilateral relations and regional developments. The PM House stated in a news release that the Prime Minister spoke with the Turkish Premier over the phone. Shehbaz extended an invitation to President Recep Tayyip Erdogan to attend the international [...]

In the midst of a new wave of terror in the South Asian nation, the top generals of the Pakistani Army on Wednesday reaffirmed their commitment to combating and eliminating the terrorist threat. The top brass expressed their determination to snuff out the latest wave of terrorism at the 254th Corps Commanders' Conference held at [...]

Due to the Met Office's forecast of snow starting tonight, entry of vehicles to Murree's popular tourist destination, the Mall Road, has been prohibited. Authorities are taking preventative measures to avoid situations like the one that occurred in January of this year when 22 tourists died from exposure to the cold inside of their cars [...]

Six new Model Customs Collectorates have been established by the Federal Board of Revenue (FBR) to boost enforcement and anti-smuggling efforts nationwide. According to sources, the FBR has published a notification regarding this. At the Islamabad Airport, Khuzhdar, Dera Ismail Khan, SAPT Karachi, Appraisement-West, and Appraisement-East, Lahore, new customs Collectorates have been built. 35 Model [...]

Today's intraday session saw additional losses for the Pakistani Rupee (PKR) against the US Dollar (USD). It lost 22 paisas and declined by 0.10 percent, closing at Rs. 226.37. Before the market closed, it cited an intraday low of 226.625 vs the US dollar. The local currency opened trading at 226.25 against the US dollar [...]

After the Covid epidemic, this was expected to be the year that the global economy recovered. Instead, a new conflict, record inflation, and tragedies related to climate change defined 2022. Adam Tooze, a historian, popularised the phrase "polycrisis," and it applied to that year. In 2023, be prepared for more doom. According to Roel Beetsma, [...]