Pakistan News 24/7

KARACHI: The rupee dropped to an all-time low of 202.83 against the US dollar in the interbank market after plunging the most in over two years as payments for oil imports added pressure on the local currency. According to data released by the State Bank of Pakistan (SBP), the local currency shed Rs2.77, or 1.37%, to close at Rs202.83 surpassing its previous record low of Rs202 recorded on May 26

No matter what happens, whichever party comes into power, goals set in "charter of economy" shall remain unchanged. PM Shehbaz says non-productive assets should be taxed, such as windfall profits in real estate. Says Centre and provinces would have to work together to develop a comprehensive planNo matter what happens, whichever party comes into power, goals set in "charter of economy" shall remain unchanged. PM Shehbaz says non-productive assets should be taxed, such as windfall profits in real estate. Says Centre and provinces would have to work together to develop a comprehensive planThe rural areas, which comprise 65% of Pakistan’s population, should be developed. This can only happen when our children get quality education there,” the prime minister noted. He added that there was a need to increase the agricultural yield through modern technology as it could change the fate of Pakistan, which would later be exported and help the national exchequer. PM Shehbaz...

New price (per litre): Petrol — Rs209.86 Diesel — Rs204.15 Light diesel — 178.31 Kerosene oil — Rs181.94 He acknowledged that the lower-income segment of society would be affected the most as a result of the petrol price hike, but noted that the rate of oil has also sky-rocketed in the international market. In response to a question, the finance minister said he was hopeful of reaching an agreement with the IMF in June, but noted that there were some reforms that the government still had to introduce. "The IMF wants to see our budget, so the reforms that we want to introduce will be introduced before the budget. However, we are speaking to the IMF on a daily basis," he said. Ismail said the price hike was inevitable as he had to strike a deal with the international money lender as ex-finance minister Shaukat Tarin had "tied the government's hands" due to the agreements he made with the IMF during his tenure. Importing oil from Russia In response to a questi...

Butt praised Babar for his recent successes but said that a captain's skills are honed in Test cricket. He then went on to criticise the board for preparing tracks which does not allow a captain to strategise and go for a win. Former Pakistan captain Salman Butt has slammed the Pakistan Cricket Board for preparing flat tracks at home. Butt, was asked about Babar Azam's captaincy skills by the anchor on his YouTube channel. Butt praised Babar for his recent successes but said that a captain's skills are honed in Test cricket. He then went on to criticise the board for preparing tracks which does not allow a captain to strategise and go for a win. Pakistan earlier this year lost at home to Australia and the pitches used for the Test matches came in for a lot of criticism. "Babar has been captaining for a while now and he has achieved success in the home series against Australia and the team did well in the T20 World Cup last year too. He will improve with time. ...

PESHAWAR: The Khyber Pakhtunkhwa government has decided to celebrate minorities' festivals at the state level, ARY News reported on Tuesday. In a statement, Special Assistant...