Economy

Banks to Refund Rs. 14 Million to Fraud Victims as President Rejects Appeals

President Dr. Arif Alvi has upheld two different decisions of the Banking Mohtasib (BM) ordering Al Baraka Bank Ltd (ABBL) and Habib Bank Ltd (HBL) to pay Rs. 9.145 million to Zahida Naseem and Rs. 5 million to Mushtaq Ahmed Bajwa, respectively, who ha…

Economy

Govt is Yet to Remove Fixed Sales Tax on Local Smartphone Production

The government has not implemented a majorly approved recommendation of Mobile Device Manufacturing Policy of removal of fixed Sales Tax on CKD/SKD manufacturing of mobile devices above USD 200 category.This was revealed by the Ministry of Industries a…

Economy

Govt to Stop Mapping Poverty Until 2023

The Ministry of Planning and Development has announced that issuing poverty figures and mapping poverty in the country has been suspended until 2023.This was revealed by the ministry in a written reply presented in a session of the Senate today (Friday…

Economy

SBP Revises Cash Reserve Requirement for Banks

The State Bank of Pakistan (SBP) has decided to increase the average Cash Reserve Requirement (CRR), to be maintained during a period of two weeks by scheduled banks, from 5 percent to 6 percent.The central bank has further notified that the minimum CR…

Medical

Bajaur: Two policemen embrace shahadat in remote-controlled bomb blast

Two policemen embraced shahadat in a remote-controlled bomb blast in Salarzai area of district Bajaur today (Saturday).Source: Radio Pakistan

Politics

PDM wants to obstruct the country’s progress & prosperity: Fawad

Minister for Information and Broadcasting Chaudhry Fawad Hussain has said that the nation is united under the leadership of Prime Minister Imran Khan and the protesting elements want to stop the journey of development which will never happen.Responding…