Afghanistan’s currency is the best-performing currency in the world.

Unexpectedly, the Afghan Afghani (AFN), the currency of Afghanistan, has recently become the best-performing currency in the world. Economists and financial professionals are interested by this surprising development since it challenges the accepted wisdom about the nation’s economic status. In this essay, we examine the causes of the Afghani’s exceptional achievement as well as any possible repercussions.

The recent geopolitical transition in the area is one of the main factors influencing the strength of the Afghani. Investor sentiment has benefited from the realignment of regional powers and decrease in insecurity brought about by the withdrawal of international forces from Afghanistan.

Afghanistan has a considerable export potential, especially in the agricultural industry. Fruit, nut, and other agricultural exports from the nation have increased, which has improved the trade balance and raised demand for Afghani.

The Afghan government has started economic reforms aimed at attracting international investment and stabilizing the currency. These changes aim to lessen corruption and enhance the business environment.

Global economic variables, such as shifts in commodity prices and market mood, have an impact on how well the Afghani performs. External elements may be unstable.

In conclusion, the Afghan Afghani, the world’s best-performing currency, has had an unexpected revival. Despite the fact that this development is encouraging and shows positive developments in the nation, it is crucial to view it with cautious optimism in light of Afghanistan’s continued political and economic difficulties. Maintaining the Afghani’s strength and promoting long-term prosperity in the country would require continued efforts towards stability, economic development, and good governance.

Embracing the Digital Era: Unveiling the Profound Benefits

Nearly every aspect of our lives have changed as a result of the revolutionary wave of technical improvements that the digital era brought about. The advantages of the digital age are substantial and widespread, extending to business and communication as well as healthcare and entertainment. We’ll look at a few of the major benefits that this digital revolution has given society in this post.

The capacity to communicate quickly with anyone in the world is one of the most startling advantages of the digital age. Despite physical barriers, real-time communication with friends, family, and coworkers is now feasible thanks to email, social media, and messaging apps.

The internet has opened up information to all people. Now, a world of information is only a few clicks away. This has changed schooling and made it possible for everyone to study.

For entrepreneurship, the digital age has offered up new possibilities. Online enterprises, e-commerce platforms, and digital marketing have given people and small businesses the chance to succeed in the global economy.

Personalised encounters are a result of the digital era. Digital technology takes into account personal tastes in a variety of ways, from personalised streaming platform recommendations to personalised marketing communications.

The digital era has produced a wide range of advantages that affect almost every facet of our life. Our capacity to communicate, study, work, and amuse ourselves has improved. The benefits of the digital age are apparent, despite the difficulties and worries it raises. For people and societies all across the world, embracing the opportunities provided by digital technology can result in a future that is brighter, more connected, and innovative.

Pakistan Decides to Repatriate Afghan Refugees Amid Rising Tensions

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 of this substantial refugee population, approximately 400,000 Afghan individuals sought refuge in Pakistan following the Afghan Taliban’s resurgence in August 2021. An additional 700,000 have been identified as residing in the country without legal authorization for an extended period. These refugees lack essential documentation, such as visas, which permits them to stay in Pakistan. Many have been implicated in criminal activities or anti-state actions, intensifying the urgency of their deportation.

Historically, Pakistan has served as a sanctuary for Afghan refugees for several decades, with a peak population of five million Afghans at one point. Presently, an estimated four million Afghan refugees call Pakistan home, yet only a fraction possess valid refugee cards.

This move to repatriate refugees is set against the backdrop of ongoing disputes between Pakistan and Afghanistan, particularly concerning the Tehreek-e-Taliban Pakistan (TTP) group. Some analysts suggest that Pakistan’s swift actions may be influenced by the Afghan Taliban’s reluctance to confront the TTP. A recent Pakistani delegation led by Ambassador Asif Durrani visited Kabul, urging the Taliban government to address the TTP threat. While the Afghan Taliban indicated potential action, Pakistani officials remain cautious due to unfulfilled past promises.

Pakistan’s decision is expected to draw attention from the Afghan Taliban government and the UN High Commissioner for Refugees (UNHCR), which typically opposes the forced return of refugees, potentially leading to international repercussions.

Also, see:

Nepal’s Historic Feat in Asian Games 2023: Breaking Multiple T20I Records

Unveiling Digital Marketing Shortcuts: Efficiency in the Digital Age

Marketers are constantly looking for novel ways to optimise their efforts in the quick-paced world of digital marketing, where competition is tough and trends change quickly. Even if there aren’t any real short cuts to long-term success, there are a number of methods and techniques that can increase productivity and effectiveness. We’ll look at several digital marketing shortcuts in this article to show you how to move around the digital world more quickly.

Purchasing marketing automation technologies might help you save a lot of time and work. These tools automate routine chores like lead nurturing, social media planning, and email marketing. You can concentrate on more strategic elements of your campaigns by automating these activities.

Repurposing material will increase its worth because producing high-quality content requires time. Create podcasts, infographics, or movies based on blog content. A single piece of material can be altered for use across a number of platforms and media, expanding its potential audience.

Schedule posts using social media management tools. By doing this, you may keep a continuous online presence without having to manually update every day.

Reaching a highly engaged and pertinent audience more quickly can be achieved by collaborating with influencers in your niche. Influencers can improve credibility and amplify your brand’s message.

While effort and strategic preparation are still necessary for successful digital marketing, these shortcuts can help marketers work more productively and get results more quickly. Keep in mind that a well-rounded strategy is essential. You can confidently manage the digital marketing environment and produce significant benefits for your company by combining these quick cuts with a long-term marketing strategy and constant learning.

Genius Engineering: Man Builds a Cycle with Square Wheels, Here’s How It Works

You might think that a cycle with square wheels would be impossible to ride, but one inventive YouTuber has proved otherwise. In a video that has gone viral, the channel The Q shows how they built a custom bicycle with square tires that roll as smoothly as a bike with round ones. The secret is in the design of the wheels and the road.

How Does It Work?

The square wheels themselves don’t actually spin at all, but their rubber tires have been sliced up and paired with four sets of bike chains to create a continuous tread that rolls around the outside of each wheel. It’s essentially a pedal-powered tank, with the bottom edge of each wheel quietly gliding along the pavement as it’s ridden.

The design is inspired by military tanks, which use treads to move over rough terrain. However, unlike tanks, the bicycle has no suspension system or shock absorbers, so it might not be very comfortable to ride on bumpy roads.

Is It the First of Its Kind?

This is not the first time that someone has experimented with square wheels on a bicycle. In fact, there is a mathematical theory behind how a square wheel can roll smoothly over a special road that consists of evenly shaped inverted catenaries of the right size and curvature. A catenary is a curve that describes a rope or chain hanging loosely between two supports.

In 1997, Macalester College mathematics professor Stan Wagon constructed the first prototype of a catenary tricycle, which had square wheels that rolled over a series of bumps shaped like inverted catenaries. The bumps matched the shape of the wheel’s corners, allowing the axle to stay at a constant height and velocity.

Wagon’s tricycle was featured in several museums and exhibitions, and inspired other variations of non-circular wheels, such as triangular or Reuleaux triangle wheels.

Why Did They Do It?

The Q is a YouTube channel that specializes in creating unusual and innovative projects, such as bicycles that walk, bicycles with split wheels, bicycles with airless tires, bicycles with no hubs, and more. The channel has over 12 million subscribers and millions of views on each video.

The channel does not explain why they decided to build a bicycle with square wheels, other than to say “why not?” in the video description. Perhaps they did it for fun, for curiosity, or for challenge. Whatever their motivation, they have certainly demonstrated their creativity and engineering skills.

What Do You Think?

What do you think of this bicycle with square wheels? Would you like to try it out? Do you have any other ideas for unconventional bicycles or vehicles? Let us know in the comments below!

Nepal’s Historic Feat in Asian Games 2023: Breaking Multiple T20I Records

Nepal’s men’s cricket team made history at the ongoing Asian Games cricket tournament in Hangzhou, China as they smashed the highest-ever total in T20I cricket history, the fastest fifty and fastest century by a player in format’s history on Wednesday. Nepal batted first against Mongolia, who opted to field, and posted a mammoth 314 for 3 in 20 overs. This was the first time that any team had crossed the 300-run mark in a T20I match. The previous record for the highest innings total in a T20I was held by Afghanistan, who had amassed 278 for 3 against Ireland on February 23, 2019.

The star of the show for Nepal was Kushal Malla, a 19-year-old left-handed batter, who struck the fastest-ever T20I hundred in 34 balls, eclipsing David Miller and Rohit Sharma’s joint previous record (35 balls). Malla came in at No. 3 and unleashed a barrage of boundaries, hitting 12 sixes and eight fours to remain unbeaten on 137 off just 50 balls. His strike rate of 274 was also the highest for any batsman scoring a hundred or more in a T20I.

Malla was well supported by Dipendra Singh Airee, who also rewrote the record books by blasting a nine-ball fifty that bettered Yuvraj Singh’s 16-year-old record. Yuvraj had taken 12 balls for his fifty en route to scoring 58 in the World T20 match against England on September 19, 2007. Airee came in at No. 5 and smashed seven sixes and two fours to score an unbeaten 66 off just 15 balls. His strike rate of 440 was also the highest for any batsman scoring a fifty or more in a T20I.

The duo added an unbeaten 131 runs for the fourth wicket in just 5.4 overs, with an astonishing run rate of 23.11. They took the Mongolian bowlers to the cleaners, hitting them all over the park. The highest partnership for any wicket in a T20I was previously held by Aaron Finch and D’Arcy Short, who had added 223 runs for the opening wicket against Zimbabwe on July 3, 2018.

Nepal’s opening pair of Gyanendra Malla and Binod Bhandari also gave them a solid start, putting on 67 runs in 6.2 overs. Gyanendra Malla scored 32 off 18 balls, while Bhandari made 28 off 21 balls. The only wicket-taker for Mongolia was Ankhbayar Narantsogt, who took three wickets for 47 runs in his four overs.

In reply, Mongolia were never in the chase and were bowled out for just 36 runs in 11 overs, losing by a massive margin of 278 runs. This was also the biggest victory margin (by runs) in a T20I match. The previous record was held by Sri Lanka, who had beaten Kenya by 172 runs in the inaugural World T20 in South Africa on September 14, 2007.

The best bowler for Nepal was Karan KC, who took four wickets for six runs in his three overs. He was well supported by Sandeep Lamichhane, who took three wickets for nine runs in his four overs. The only batsman to reach double figures for Mongolia was Khaliunbold Bayarsaikhan, who scored 12 off nine balls.

With this win, Nepal topped their group with four points from two matches and qualified for the quarter-finals of the Asian Games cricket championship. They will face Oman in their next match on Friday. Mongolia finished at the bottom of their group with no points from two matches and were eliminated from the tournament.

This was a historic day for Nepal cricket and their fans, who witnessed their team break multiple world records and create history in Asian Games cricket. Nepal have shown that they are a force to reckon with in the shortest format of the game and have earned respect from cricket lovers around the world.

The Best and Cheapest Microphone in Pakistan for Recording Crystal-Clear Video

Audio quality is crucial in the constantly changing world of video content development for offering a compelling and immersive viewing experience. Look no further if you’re a videographer, YouTuber, or content creator looking to up your video production game. A fresh face on the microphone scene is arrived to transform your audio recording and advance your videos.

Introducing the latest advancement in audio technology created especially for professionals and aficionados of video: the MORUI GM H-series Pro Microphone. This microphone guarantees to be your go-to choice for recording flawless sound in your videos.

Crystal-clear Audio: The MORUI GM H-series Pro Microphone features cutting-edge audio capture technology that produces clear sound while removing distortion and background noise. Say goodbye to echoes and muffled sounds.

Versatile Compatibility: The MORUI GM H-series Pro Microphone is compatible with a wide range of devices, making it very versatile for any video project, whether you’re filming with a DSLR camera, smartphone, or camcorder.

Audio quality in video creation is just as important as video quality. Clear and immersive audio experiences encourage viewers to interact with the content. Having a dependable and excellent microphone may make a world of difference in the final output, whether you’re shooting interviews, vlogs, tutorials, or cinematic masterpieces.

The MORUI GM-H-series Pro Microphone is a game-changer that will revolutionise the way you record sound for your videos, not just another addition to your video equipment. It’s the perfect partner for any content creator or cinematographer wishing to generate videos that not only look beautiful but also sound spectacular because to its incredible audio quality, adaptability, and user-friendly design. Improve your video creation and provide a high calibre your audience.

Pakistan finally issued visas for World Cup 2023

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 period of uncertainty that had prompted the Pakistan Cricket Board (PCB) to express their dissatisfaction with the visa delay in a formal communication to the ICC.

At the time of the email sent by the PCB, the visas had not been granted, and the delay had already forced the Pakistan team to cancel their pre-World Cup team bonding trip to the UAE. However, the situation began to resolve as the Ministry of Home Affairs granted security clearance for visa issuance, and the process was set in motion.

Despite continuous communication between the PCB and the ICC, the PCB chose to formally address their concerns about the unequal treatment of Pakistan in this visa matter. Pakistan was the sole participating team in the World Cup experiencing such delays in visa issuance. In their communication, the PCB sought clarification from the ICC regarding the steps they intended to take to resolve the issue.

They also questioned whether written confirmations had been provided by the Board of Control for Cricket in India (BCCI) or the Indian government, affirming the provision of visas to all participating nations. While the BCCI had orally assured the ICC at their annual conference in Durban that visas for the Pakistan contingent would be facilitated on time, written confirmation remained unverified.

Furthermore, the PCB raised concerns about whether the inability to provide visas in a timely manner could be considered a breach of the hosting agreement for the World Cup. As a result of these developments, Pakistan is now set to depart for Dubai in the early hours of Wednesday and will transit there before proceeding to Hyderabad on the same day. Their first warm-up match is scheduled for Friday against New Zealand in Hyderabad.

The PCB expressed its disappointment at the situation, highlighting the lengthy history of reminders and obligations leading up to this point. It’s been a trying time for Pakistan’s team, and the visa delay has created uncertainty as they prepare for a significant tournament. The PCB remains committed to resolving the matter while ensuring their team can focus on their performance at the World Cup.

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Petroleum prices expected to decline in Pakistan

How to Earn and Work on Daraz: A Beginner’s Guide

How to Sell on Daraz – A Comprehensive Daraz Seller Guide 2022

One of the biggest online markets in South Asia, Daraz, provides an engaging platform for people and companies to sell goods and generate cash. Daraz offers a worthwhile opportunity, whether you’re an aspiring entrepreneur, an established business owner, or just seeking for methods to make additional money. We’ll look at how to properly generate money and work on Daraz in this beginner’s guide.

The first step is to register on Daraz as a seller. Complete the registration process by going to the Daraz Seller Centre. You can begin putting up your online store as soon as you’re approved. This entails including information about your company, providing product listings, and building a visually appealing storefront.

To find products that are in demand, conduct market research. Look for products that have a competitive edge in terms of value, cost, or novelty. You can sell a variety of commodities on Daraz, including electronics, clothing, home goods, and more.

Make eye-catching product listings with concise and thorough descriptions. In order to entice potential customers, high-quality photos, precise product descriptions, and competitive price are essential. To make your listings more search engine friendly, use keywords.

Delivery and Shipping:

To ensure hassle-free shipping and delivery, select a reputable shipping partner or employ Daraz’s fulfilment services. For customers to be satisfied, deliveries must be accurate and on schedule.

promoting and marketing

Use Daraz’s marketing and promotion tools to make your products more visible. To reach a larger audience, think about taking part in Daraz’s campaigns and sales events.

Analyse performance and data:

Through Daraz’s Seller Centre, keep an eye on your sales performance and analyse customer behaviour. Utilise this information to inform your choices and enhance your corporate strategy.

Keep up-to-date and flexible:

Keep abreast on Daraz’s rules, regulations, and best practises. Because the e-commerce sector is dynamic, be prepared to adjust to shifting consumer preferences and trends.

Fees and Payment:

Recognise Daraz’s payment policies and pricing structure. You should take Daraz’s usual commission deduction from your sales into account when developing your pricing plan.

To create a shop on daraz and for more information visit here: https://www.daraz.pk/wow/gcp/daraz/channel/pk/landing-pages/sell-on-daraz?spm=a2a0e.home.header.d2.35e34076mrJIm2

Watch: Moment missile hits Russia’s Black Sea

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 for the strike, alleging the use of Storm Shadow missiles, which are reportedly supplied by Britain and France. However, this claim remains unverified.

The Black Sea fleet is a prized asset for Russia, making it a prime target for Kyiv. Ukraine has recently launched several attacks in Crimea, targeting an air-defence system and two naval vessels.

Amidst these events, Ukrainian President Volodymyr Zelensky expressed gratitude to Canada during his speech in the Canadian parliament. He praised Canada’s unwavering support and emphasized that the ongoing struggle was about “saving the lives of millions of people.”

In response, Canadian Prime Minister Justin Trudeau pledged substantial support, including armoured vehicles and training for fighter jet pilots, further intensifying the international response to the conflict.

Secret Daesh Plot to Unleash Chaos in Tehran – You Won’t Believe What Happened Next

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 custody on September 16, 2022, allegedly for violating the country’s strict dress code for women.

During a series of coordinated operations across Tehran, Alborz, and West Azerbaijan provinces in recent days, authorities successfully raided several terrorist bases and hideouts, leading to the arrest of 28 members affiliated with the terrorist network.

These individuals are believed to be part of Daesh’s professional crime network, with some having a history of associating with takfiri groups in Syria and engaging in activities in Afghanistan, Pakistan, and the Kurdistan region of Iraq. In Iran, “takfiri” typically refers to extremists or advocates of radical Sunni Islam.

The intelligence ministry reported that two security personnel sustained injuries during the arrest operations. Additionally, a cache of explosives, firearms, suicide vests, and communication devices were seized.

Furthermore, the authorities disclosed that they had thwarted a sinister plan to execute 30 simultaneous terrorist attacks in densely populated areas of Tehran. The objective was to destabilize security, incite riots, and provoke protests on the anniversary of last year’s demonstrations.

These protests, which spanned several months, resulted in numerous casualties, including the deaths of many security personnel. The Iranian government referred to these events as “riots” incited by foreign governments and “hostile media.”

In a separate development, a Tajik Daesh member was recently sentenced to death for his involvement in a deadly gun attack on a Shiite Muslim shrine in August. The attack, which occurred at the Shah Cheragh mausoleum in Shiraz, Fars province, came less than a year after a mass shooting at the same location, which was subsequently claimed by the Daesh group.

Also, see:

Petroleum prices expected to decline in Pakistan

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 against the US dollar, as the driving force behind this price shift. This increase in the rupee’s value stems from the interim government’s vigorous crackdown on black market dealers and smugglers.

This crackdown, backed by the military, targeted hoarders, currency smugglers, and black market traders after the rupee hit a historic low of Rs. 308 in the interbank market and soared above Rs. 330 in the open market earlier in the month.

The rupee has now rebounded to 291.76 per dollar in the interbank market, marking its highest level since September 5. It has appreciated by Rs. 15 since then, thanks to increased dollar inflows from exporters, remittances, and the central bank’s efforts to promote legal channels for foreign exchange transactions.

While the interim government does not directly control fuel prices, the minister stressed that the reduction in oil prices is a consequence of the stronger rupee, offering much-needed relief to the people. In the last fuel price revision on September 16, both petrol and diesel hit historic highs, causing concern among consumers. Currently, petrol is priced at Rs. 331.1 per liter, and high-speed diesel is available at Rs. 329.19 per liter.

Furthermore, Malik Bostan, Chairman of the Exchange Companies Association of Pakistan (ECAP), expressed optimism that the government’s crackdown on currency-related malpractices would further fortify the rupee, potentially pushing it below Rs. 250 per dollar.

Bostan also revealed that the crackdown had exposed illicit collaborations between black market operators and banking personnel, leading to illegal dollar trading through hawala/hundi channels. The future of the rupee seems promising, offering respite to both consumers and the economy.

Also, see:

“Pakistan’s Economy is in Good Hands,” Says Finance Minister

Quick Video Editing: Efficiency without Compromising Quality

Video content has emerged as a potent tool for marketing, entertainment, and communication in the current fast-paced digital age. The capacity to edit films rapidly is a useful skill, whether you’re a content developer, a business owner, or someone wishing to edit personal recordings quickly. This article provides helpful advice for streamlining your video editing procedure without compromising quality.

Spend some time arranging your edit before starting to use video editing software. Determine your goals, your target market, and the main idea you want to get over. You may cut down on editing time by having a clear plan.

Few Recommend Video Editing tools

. Final Cut Pro
Adobe Premiere Pro
DaVinci Resolve
HitFilm Express
VideoPad
Inshot
KineMaster

Select the appropriate export options for the platform you plan to use. If your video will largely be viewed on social networking networks, there is no need to export in the maximum quality.

A useful skill that can help you save time and guarantee that your material gets to your audience quickly is efficiency in video editing. You may edit films quickly without sacrificing quality by making a plan, maintaining organisation, and making use of the features and shortcuts provided by your editing programme. Keep in mind that perfecting the skill of effective video editing requires practise and expertise.

Embracing a Low Energy Consumption Lifestyle: A Sustainable Choice

Adopting a low energy consumption lifestyle is a responsible decision in an era marked by environmental concerns and climate change, as well as a step towards a more sustainable future. This article discusses the advantages of leading a low energy consumption lifestyle and offers helpful advice on how to use less energy on a daily basis.

Advice on Leading a Low-Energy Lifestyle:

Appliances that are Energy Star-rated use less energy without compromising performance, so look for them when buying electronics and appliances.

Use energy-efficient lighting, such as LED or CFL bulbs, which last longer than standard incandescent bulbs.

Insulate your home properly to maintain a constant temperature and minimise the demand for heating and cooling. To stop draughts, fill in any holes and cracks.

When not in use, unplug electronics and chargers since even when they are in sleep mode, they continue to suck power. To quickly shut off numerous devices, think about employing power strips.

Utilise natural lighting during the day to cut down on the demand for artificial lighting. To let in sunlight, keep your curtains and blinds open.

Low Energy Consumption Lifestyle

Reduce Water Use: Use low-flow faucets and showerheads, insulate your water heater, and patch leaks to save hot water. Think about washing your clothing in cold water.

Utilise public transit, carpool, or bicycle whenever possible to cut down on fuel use and greenhouse gas emissions.

Reducing waste, reusing products, and recycling materials are all ways to adopt a sustainable mindset. This lowers the amount of energy consumed in production.

Understanding Global Warming: Overview

Free White Smoke Coming Out from a Building Stock Photo

Global warming is a serious problem that has an impact on both our planet and all of the living things that live there. It describes the gradual rise in Earth’s average surface temperature brought on by the accumulation of particular gases in our atmosphere. This article gives a brief review of global warming, including its causes, effects, and possible solutions.

The effects of global warming are extensive and have an effect on many facets of our globe, including:

Global temperatures are rising, which will cause more frequent and severe heatwaves.

Melting Ice: As a result of melting ice sheets and glaciers brought on by warming temperatures, sea levels are increasing.

Sea-Level Rise: Coastal erosion, flooding, and the eviction of coastal people are all possible consequences of rising sea levels.

Global Extreme Weather

At the individual, local, and global levels, collaborative action is necessary to combat global warming:

The climate, ecosystems, and human societies of the globe are all impacted by the urgent problem of global warming. It’s a dilemma that calls for both interdependence and personal accountability. We can contribute to limiting the effects of global warming and protecting a habitable planet for future generations by lowering our carbon footprint, implementing sustainable practises, and campaigning for climate action.

“Pakistan’s Economy is in Good Hands,” Says Finance Minister

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 energy and fuel pricing issues to uphold the IMF Stand-By Agreement. However, they emphasized the need for the next IMF program to focus more on reforms that expand the tax base and rectify fundamental flaws in the energy sector. Additionally, the council expressed appreciation for Dr. Akhtar’s initiatives to enhance governance and accountability within state-owned enterprises.

The meeting was attended by Malik Amjed Zubair Tiwana, Chairman of the Federal Board of Revenue (FBR), and his team, who collaborated with the PBC to voice concerns such as the disproportionate tax burden on the formal sector, disparities in tax rates between corporate and unincorporated businesses, the imposition of minimum tax on turnover during tax holidays and on listed companies, high taxation on salaried employees, and inconsistencies in the taxation of inter-corporate dividends.

Dr. Akhtar pledged to facilitate focused discussions on these matters with the FBR. She also outlined plans to establish an independent Tax Policy Unit, separate from the FBR, and seek input from the Fiscal Affairs Department of the IMF to address the concerns highlighted by the PBC.

Furthermore, the PBC urged the Finance Minister, in her capacity as the Chair of the Cabinet Committee on Economic Revival, to support competitive pricing of power for the industrial sector. This move is aimed at fostering job creation, promoting exports, reducing reliance on imports, increasing tax revenue, and managing surplus generation capacity, particularly during the winter season.

Also, see:

World Cup 2023: Pakistan face visa issues to travel to India

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