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Former Cricketer Offered Chief Selector Role in PCB.

The newly formed interim Management Committee of the Pakistan Cricket Board (PCB) has reportedly offered former cricketer Mohammad Hafeez the position of chief selector for the national team. The Chairman of the PCB, Zaka Ashraf, held a meeting with Hafeez to discuss the offer.

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Pakistan’s Public Debt Increases by Rs. 14.3 Trillion in One Year

In May 2023, the total public debt stock of the federal government saw a year-on-year increase of 32.1 percent compared to the same month in the previous fiscal year. According to data released by the State Bank of Pakistan (SBP), the debt stock rose to Rs. 58.962 trillion in May 2023, compared to Rs. 44.641 trillion in May 2022, reflecting a significant increase of Rs. 14.321 trillion.

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The Federal Government Notifies Pension Increase of 17.5%

The federal government has officially announced a 17.5 percent increase in pension for pensioners of the federal government. The Finance Division issued a notification stating that the President has approved the increase, which will be effective from July 1, 2023, until further notice. This increase applies to all civil pensioners of the federal government, including civilians paid from Defense Estimates, as well as retired armed forces personnel and civil armed forces personnel.

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