APTMA reveals urgent measures for stabilizing Pakistan’s economy
APTMA is pushing for all leaders and policymakers to develop a consensus on how to navigate this situation of extreme distress and pull the economy out of this downward spiral.
FT report on PTI’s foreign funding causes storm
Important to note that political parties in Pakistan are not permitted to receive funding from foreign nationals and companies. The report said the PTI received foreign funding ahead of the 2013 general elections when Imran Khan needed funding the most.
By-elections after resignation of 11 PTI MNAs
Interestingly, 131 PTI lawmakers had resigned, but the Speaker accepted the resignations of only 11 lawmakers and not others.
Pakistan Govt to sell OGDCL to UAE for 2 billion?
The decision has been taken to sell stake in oil and gas companies and the state-owned power company to the United Arab Emirates for $2-2.5 billion to avoid the risk of bankruptcy.
US ready for direct flights from Pakistan
In a meeting held with senior US officials, the US was pleased to share the readiness to resume the process to allow Pakistan direct flight access.
Govt lifts import ban on luxury items after saving $275.5 million
due to the import ban on luxury items, Pakistan's import bill was reduced by over 69% from $399.4 million to $123.9 million between May 20 and July 19.
Zameen.com partners with HBFC to promote home financing solutions
By using housing finance facility, customers can build or purchase their dream home anywhere in Pakistan and become homeowners.
HBL becomes first bank in Pakistan to cross Rs 5 trillion
HBL has become the first bank to achieve a Balance Sheet size of Rs 5.0 trillion, driven by strong deposit mobilization. Strong mobilization efforts resulted in a 10% growth in domestic deposits.
FM Bilawal urges PM Shehbaz to end tax on diplomats
In a letter written to Prime Minister Shehbaz Sharif, Foreign Minister Bilawal Bhutto lamented that it was for the first time that a tax has been imposed on foreign ministry officials posted abroad.
Saleem Safi’s obsession with Imran Khan
A twitterati, Asher Bajwa deconstructed all tweets of Saleem Safi since April 2022 to analyze his obsession with targeting Imran Khan and the results speak for themselves.
Kia, Honda and Suzuki might stop production in Pakistan
After Toyota, Honda and Kia Lucky Motors, Pak Suzuki is also expected to halt production for a few days next month. According to media reports, top executives of the company have confirmed that they will stop production.
Govt to jack up petroleum levy on IMF demand?
The government has already imposed an Rs10 per liter levy on petrol from July, which will have to be further increased by another Rs10 on August 1 until it gradually reaches Rs50 per liter.