The Ministry of Finance has raised concerns about the looming inflationary challenges that Pakistan is set to face in the near future. These concerns stem from a combination of factors, including the recent surge in fuel prices in September and the upward revision of energy tariffs. According to the Monthly Update & Outlook for September […]
The Pakistani government has issued a stringent directive to the Pakistan Cricket Board (PCB) and the Pakistan Super League (PSL) franchises, instructing them to cease all sponsorships from surrogate betting companies. This bold move comes as the Ministry of Information and Broadcasting has taken decisive action against the covert betting entities that have infiltrated Pakistan’s […]
During a recent session of the Senate’s Standing Committee on Overseas Pakistanis, concerns about skilled and unskilled labor leaving the country were brought to light. Startling revelations indicated that a substantial number of Pakistanis heading abroad are actually local beggars. Chaired by Rana Mahmood-ul-Hassan Kakar, the committee disclosed that a staggering 90% of beggars arrested […]
In a remarkable streak, the Pakistani Rupee (PKR) continued its ascent against the US Dollar (USD) for the seventeenth consecutive session in the interbank market, solidifying its claim as the top-performing currency globally throughout September. At the end of today’s trading session, the local currency saw a noteworthy gain of Rs. 1.01 against the USD, […]
Pakistan is poised to repatriate over 1.1 million Afghan refugees in the midst of escalating tensions between the neighboring nations, as reported by the Express Tribune. The interim federal government has given preliminary approval to this decision, though official confirmation is pending, leaving the response of Sarfraz Bugti, the Caretaker Interior Minister, still unknown. Out […]
During a session of the Senate Standing Committee on Cabinet Secretariat, it was disclosed on Wednesday that consumers have incurred a charge of Rs. 45.06 per unit for electricity, encompassing capacity charges, energy charges, and the margin for Distribution Companies (DISCOs). The committee convened at Parliament House, presided over by Senator Saadia Abbasi as Chairperson, […]
The International Cricket Council (ICC) has officially confirmed that the Indian government has granted visas to the Pakistan squad for their upcoming World Cup campaign. This development comes less than 48 hours before the team is scheduled to depart for Hyderabad via Dubai. The approval from the Indian authorities was received on Monday, following a […]
In the wake of Azerbaijan’s swift military offensive, marking their reclamation of Nagorno-Karabakh, the first wave of refugees has now found shelter in Armenia. The Armenian government, as reported by the state news outlet Armenpress, announced that approximately 4,850 individuals had crossed into Armenia from Nagorno-Karabakh by noon on Monday. Azerbaijan’s recent military incursion, though […]
In a dramatic escalation of the Ukraine war, footage authenticated by BBC Verify reveals the chilling moment a Ukrainian missile struck the headquarters of Russia’s Black Sea fleet in Crimea. Moscow confirmed that one serviceman is missing in the aftermath of this attack on Sevastopol. The Ukrainian military, according to a BBC source, claimed responsibility […]
Iranian security forces have apprehended 28 individuals with ties to the Daesh extremist group for orchestrating a plot to target Tehran during the anniversary of last year’s protests, according to the intelligence ministry’s announcement on Sunday. The protests were triggered by the tragic death of Mahsa Amini, a 22-year-old Iranian Kurd who was taken into […]
Consumers can breathe a sigh of relief as petroleum prices are poised to decline, thanks to the Pakistani rupee’s resurgence against the US dollar. Interim Information Minister Murtaza Solangi delivered this welcome news during a press conference at the Karachi Press Club. Solangi credited the stronger rupee, which has gained Rs. 30 to Rs. 35 […]
During a lengthy two-and-a-half-hour meeting, Caretaker Federal Minister for Finance, Dr. Shamshad Akhtar, provided reassurances to the Pakistan Business Council (PBC) regarding the interim government’s efforts to curb smuggling and bridge the gap between inter-bank and open market exchange rates, with the aim of achieving economic stability. The PBC commended the government’s determination in addressing […]
The Pakistan national cricket team’s eagerly anticipated pre-World Cup bonding excursion to Dubai has hit an unexpected snag. Their plans to gather in the UAE ahead of the tournament and play a warm-up game against New Zealand in Hyderabad have been disrupted due to visa delays for their Indian journey. Initially, the team had mapped […]
The Pakistan Cricket Board (PCB) has officially confirmed that the much-anticipated announcement of their squad for the ICC Men’s Cricket World Cup 2023 is scheduled for Friday, September 22. The cricketing world awaits this momentous revelation as the press conference is set to commence shortly after 11:15 AM IST. Cricket enthusiasts worldwide are on the […]
The Election Commission of Pakistan (ECP) made a significant announcement on Thursday, revealing plans for the upcoming general elections, scheduled to take place in the last week of January 2024. Notably, the ECP’s timeline did not specify an exact date for the elections, extending beyond the November 6 cut-off date recommended by President Arif Alvi, […]
During a recent session, the Senate Standing Committee on Finance received unsettling news regarding the imminent closure of the Small and Medium Enterprises (SME) Bank in Pakistan. Tahir Qureshi, the President of SME Bank, provided a comprehensive overview of the bank’s closure process, revealing that 18 branches have already been shuttered, with an additional 5 […]
The Pakistan volleyball squad showcased their prowess by clinching a resounding 3-0 triumph over a formidable Chinese Taipei team in the ongoing Asian Games held in Hangzhou, China. This spectacular victory propelled the Men in Green into the next round, having emerged victorious in both their preliminary matches against Mongolia and Chinese Taipei. In their […]
Amidst soaring energy bills burdening the general public, the Ministry of Energy has dashed any hopes of government employees receiving free electricity. With an annual cost amounting to Rs. 25 billion, the Ministry of Energy has proposed the discontinuation of free electricity privileges for approximately 200,000 government employees. Although interim Prime Minister Anwar-ul-Haq Kakar had […]
Celebrated fast bowler Shaheen Afridi has decisively quelled all swirling rumors and speculations that had surfaced in the media, putting to rest any notions of discord with fellow cricketer Babar Azam. The cricketing world had been abuzz with speculation following a recent defeat against Sri Lanka during the Super 4s stage game. Rumors had circulated, […]
The International Monetary Fund (IMF) has expressed grave concerns regarding the rampant illicit trade of 120,000 tons of petroleum products each month within Pakistan. Citing well-informed sources relayed to ProPakistani, the IMF has now formally requested an explanation. In response to this concerning situation, the IMF has taken the initiative to demand a comprehensive report […]
