OTP requirement abolished for USC purchases

Jun 27

National

OTP requirement abolished for USC purchases

ISLAMABAD: The government has abolished the requirement of One-Time Password (OTP) for purchases from Utility Stores Corporate (USC) at subsidized rates. Keeping in view the plight of the public, Prime Minister Shehbaz Sharif has abolished the One Time Password System used for purchases at utility stores, according to a statement issued on Sunday. READ MORE: […]

by Anjum Shah

Leadership’s role crucial for Pakistan’s progress: Arif Alvi

Jun 27

National

Leadership’s role crucial for Pakistan’s progress: Arif Alvi

ISLAMABAD: The role of leadership is very crucial in challenging times; it is about understanding issues and being persistent in the pursuit of solutions. If the leadership is clear-headed, it can lead the nation on the path to progress. Dr. Arif Alvi, President of the Islamic Republic of Pakistan said in an exclusive interview with […]

by Anjum Shah

Social media erases line of truth, lies: Khurram Dastagir

Jun 26

National

Social media erases line of truth, lies: Khurram Dastagir

KARACHI: Social media has erased the line between truth and lies, and this is in my view is extreme reporting. “Where facts, reality are manufactured but only if you have sufficient manpower and resource, you can alter reality,” said Federal Minister of Power Khurram Dastagir Khan at the keynote address on the second day of […]

by Faisal Shah

SBP seeks Supreme Court guidance on Riba case judgement

Jun 25

Money & Banking, National, Top stories

SBP seeks Supreme Court guidance on Riba case judgement

KARACHI: The State Bank of Pakistan (SBP) on Saturday said it had approached Shariat Appelate Bench of the Supreme Court for guidance on decision of Federal Shariat Court in Riba case. In a statement the central bank said the SBP welcomes the Federal Shariat Court’s Judgement of April 28, 2022 on Riba case, as has […]

by Hamza Shah

Pakistan’s salaried class unhappy over new tax changes

Jun 25

Budget 2022-2023, National, Taxation, Top stories

Pakistan’s salaried class unhappy over new tax changes

ISLAMABAD: The salaried class in Pakistan is in shock over the recent changes announced by the government and revert its decision to exempt income of salaried persons up to Rs1.2 million. The government on June 10, 2022 presented the federal budget 2022/2023 announced major tax relief for salaried class by enhancing threshold from Rs600,000 to […]

by Anjum Shah

HBL ordered to compensate bank fraud victim

Jun 22

Money & Banking, National, Top stories

HBL ordered to compensate bank fraud victim

ISLAMABAD: President of Pakistan, Dr. Arif Ali Alvi, on Wednesday ordered Habib Bank Limited (HBL) to immediate compensate a victim of bank fraud. President Dr Arif Alvi reprimanded HBL for unnecessarily dragging the matter of reimbursement of a trivial amount of Rs. 39,000 to the victim of bank fraud. READ MORE: SBP takes measures for […]

by Anjum Shah

Total bank accounts in Pakistan grow to 66.13 million

Jun 18

Money & Banking, National, Top stories

Total bank accounts in Pakistan grow to 66.13 million

KARACHI: The number of bank accounts in Pakistan increased to 66.13 million by end of March 2022, showing a jump of 6.66 per cent when compared with 62 million bank accounts by end of same month last year, according to data released by the State Bank of Pakistan (SBP). It is interesting to note that […]

by Hamza Shah

Prices of essential items surge by 28% in Pakistan

Jun 18

Finance, National, Top stories

Prices of essential items surge by 28% in Pakistan

ISLAMABAD: The prices of essential items have recorded 28 per cent increase Year on Year (YoY) by week ended June 16, 2022, Pakistan Bureau of Statistics (PBS) said on Friday. The surge in prices have been seen following the massive increase in prices of petroleum products by the government during last three rounds: first on […]

by Anjum Shah

New petroleum prices in Pakistan from June 16, 2022

Jun 15

Energy, National, Top stories

New petroleum prices in Pakistan from June 16, 2022

ISLAMABAD: Pakistan on Wednesday announced yet another hike in petroleum prices effective from June 16, 2022. Finance Minister Miftah Ismail at a press conference announced the increase in prices of petroleum products. It is third consecutive increase in petroleum products. The government massively increased the prices of petroleum products. READ MORE: New petroleum prices in […]

by Anjum Shah

Jun 15

Budget 2022-2023, National

Punjab announces 15% increase in salary

LAHORE: Punjab government has announced an increase of 15 per cent for employees of provincial government. The Punjab government on Wednesday announced its budget for fiscal year 2022/2023. The finance minister announced an increase of 15 per cent for employees of provincial government. Besides, the provincial government also increased 5 per cent for pension. The […]

by Anjum Shah