Classical economic theory of demand and supply for goods applies just as well to a currency, the Pak rupee, the dollar or any other. The demand for the Pak rupee is the sum total of the world wanting to buy Pakistani goods and services. So the demand equals our exports of goods and services. In services we should also include the labour of all our workers, professionals or citizens abroad who support some family here or wish to invest in…
ISLAMABAD: Amid the Ministry of Finance’s protest over ‘unsustainable fuel subsidy’, the Economic Coordination Committee (ECC) approved Rs55.48 billion for immediate reimbursement of price differential claims (PDCs) to the oil industry at cheaper rates of petroleum products than their costs for the first half of May. The ECC meeting, presided over by Federal Minister for Finance & Revenue Miftah Ismail, also allowed the Trading Corporation of Pakistan (TCP) to explore the possibility of importing 200,000 tonnes of urea on a…
PESHAWAR: Inspector General of Police (IGP) Moazzam Jah Ansari on Monday visited the Sikh community and assured early arrest of the killer of two Sikh community members.An official statement said that Ansari informed the families that a new plan was being devised for the protection of the Sikh community, and their worship places. He said that efforts were underway to arrest the outlaws and ensure peace. It merits a mention here that two Sikh brothers, Ranjeet Singh and Saljeet Singh,…
Imran Khan addressing a public rally in Swabi on May 16, 2022. Photo: Twitter/ImranKhanPTI SWABI: Former prime minister and Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan Monday said that all thieves joining hands to defeat him would be buried in a mass grave politically when elections are held in the coming months. He was addressing a public meeting at the Gohati cricket stadium in connection with the public contact campaign for an early general election and enlisting support for marching towards…
MQM-P leader Khalid Maqbool Siddiqui calls on Prime Minister Shehbaz Sharif at PM Office, on May 16, 2022. — PID PM Shehbaz Sharif meets MQM-P’s Khalid Maqbool Siddiqui. He will also meet JUI-F’s Fazlur Rehman and PPP’s Asif Zardari. Meetings come amid worsening economic situation, PTI pressure. ISLAMABAD: As the economic situation worsens and PTI mounts pressure for early polls, Prime Minister Shahbaz Sharif Monday started consultations with the heads of coalition parties to mull over important issues. He has…
GUJRAT: PML-N Vice President Maryam Nawaz says the next election would be held when Nawaz Sharif would decide on it and asks how Imran Khan would face the people in the election with zero performance during his tenure. She predicted that the PTI chief would fail if he tried to shift the burden of his poor economic performance to the PML-N. She said the game was now out of the hands of Mr Khan who was trying to escape the…
KARACHI: Pakistan Peoples Party Chairman Bilawal Bhutto Zardari has said former ‘selected’ premier Imran Khan wanted every national institution to serve and support him like his Tiger Force. Addressing a public meeting at the old terminal of Karachi airport, he said Imran Khan did not want that the national security institutions, including army and ISI, should remain non-controversial as he (the former PM) wanted that these institutions should assume the role of the Tiger Force and provide him their support….
ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) government tops the list amongst the last four administrations with the highest external borrowing of around $ 52 billion in three years eight months, retired $ 36.05 billion. Pakistan Muslim League (PML-N) is in second place with borrowings of $ 49.761 billion dollars in five years; it retired debt of 27.071 billion dollars. Data collected from Ministry of Finance and Economic Affairs Division by this newspaper further revealed that Pakistan People’s Party (PPP) was in third…
PTI Chairman Imran Khan addressing a jalsa in Faisalabad on Sunday, May 15, 2022. — Screengrab via YouTube/ Geo News Live Imran Khan reiterates people of Pakistan will “never accept imported govt”. Says US never helps any country without seeing its own interest. Says US has made Pakistan its slave without having to invade it. FAISALABAD: PTI Chairman and former prime minister Imran Khan on Sunday said that if anything happened to him, the Pakistani nation will seek justice on his…
Rana Sanaullah. Photo: The News/File ISLAMABAD: Federal Minister for Interior Rana Sanaullah on Saturday said that difficult decisions are to be taken for putting the economy back on track but the Pakistan Muslim League-Nawaz (PMLN) is not ready to solely bear the brunt of the whole situation. While talking in Geo News programme Naya Pakistan of Shahzad Iqbal, the minister said the PMLN has the ability to revive the economy, ruined by an incompetent gang, but there is a cost…