An eight-member larger SC bench comprising Chief Justice of Pakistan issued an interim order granting stay in implementation on Supreme Court (Practice and Procedure) Bill, 2023.
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Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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Pakistan approves interest-free loans for electric bikes to boost local manufacturing
On Thursday, Pakistan’s Economic Coordination Committee (ECC) approved interest-free loans for electric bikes and electric rickshaws. The move is aimed at encouraging the manufacturing of electric vehicles in the country.
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Pakistan’s foreign exchange reserves decline to $9.565 billion due to external repayment
Pakistan’s foreign exchange reserves have declined by $195 million to $9.565 billion due to repayment of foreign debt, State Bank said on Thursday.
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US dollar weakens to PKR 284.91 as Pakistan awaits IMF review finalization
The US dollar lost value against the Pakistani Rupee (PKR) on Thursday, ending at PKR 284.91, as markets anticipate the finalization of the 9th review of Pakistan’s International Monetary Fund (IMF) program.
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Inventory shortages force leading Pakistani automotive companies to extend plant shutdown
In the wake of inventory shortages, leading automotive companies in Pakistan Thursday announced an extension of their plant shutdown periods.
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President Alvi orders FBR to submit report on whistle-blower identity leak
President Dr Arif Alvi has ordered the Federal Board of Revenue (FBR) to explain how the identity of a whistle-blower who reported large-scale tax evasion/fraud by a private limited company was leaked to his employer, resulting in threats to the whistle-blower by the tax-evading company.
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FBR proposes changes to rules for temporary car imports by tourists
Federal Board of Revenue (FBR) on Wednesday announced amendments to the rules governing the temporary import of cars by tourists.
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Pakistan announces early salary, pension for Government employees before Eid
In a recent announcement, the Pakistani government has decided to disburse the salary and pension payments for government employees ahead of Eid-ul-Fitr this month.
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SBP revises instructions regarding retention of export proceeds
State Bank of Pakistan (SBP) on April 11, 2023 revised the instructions regarding retention period of export proceeds with authorized dealers upon realization.
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Foreign investors suggest demonetization of Rs5,000 banknote in Pakistan
Foreign investors have suggested the authorities in Pakistan to demonetize Rs5,000 banknote in order to promote cashless economy.
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