News

Pakistan’s Prime Minister, Shehbaz Sharif, revealed his decision to transfer power to a caretaker government on August 14th, marking the beginning of general elections. The announcement comes amidst growing uncertainties surrounding the electoral process. During his address in Islamabad, the Prime Minister assured the public that his government would conclude on August 14th, and the Election Commission of Pakistan would determine the exact date for the elections, be it in October or November.

The National Electric Power Regulatory Authority (NEPRA) has tentatively approved a proposal to increase the base tariff of electricity by Rs. 4.96 per unit. This decision is aimed at fulfilling a requirement imposed by the International Monetary Fund (IMF).

The Pakistani rupee concluded the week with a decline against the US dollar in intraday trading today, starting at 274 in the interbank market.

In a recent update shared by popular business analyst Ali Khizar, it has been revealed that car imports in Completely Built-Up (CBU) form have witnessed a significant rise in Pakistan.

In the first half of this year, Pakistan experienced a significant brain drain as over 832,000 individuals, including 400,000 highly qualified young professionals, left the country in search of job prospects overseas.

During the groundbreaking ceremony of the Chashma Nuclear Power Plant Unit 5 (C-5) in Mianwali, Pakistan, Prime Minister Shehbaz Sharif announced that the government’s economic team successfully averted the risk of potential default.

Julie Kozack, Director of Strategic Communications at the International Monetary Fund (IMF), stated that “steadfast implementation” of the nine-month Stand-by Arrangement (SBA) was vital to Pakistan’s future.

The Islamabad High Court has provided interim bails to Shah Mahmood Qureshi, Asad Qaiser, and Asad Umar, senior leaders of the PTI, in relation to cases connected to the May 9 violence. Each leader was granted bail against surety bonds of Rs500,000. During the bail hearing, Justice Tariq Mehmood Jahangiri emphasized that the court treats all individuals, whether pushcart vendors or others, equally.

In a televised address, Prime Minister Shehbaz Sharif praised his coalition government for leading the country in the right direction despite facing political conspiracies from opponents.

ISLAMABAD: On Friday, Prime Minister Shehbaz Sharif formed the foundation for the National University of Technology’s main campus.

On World Population Day, the Population Council released data highlighting the population challenges faced by Pakistan. With an annual population growth rate of 2.4 percent, Pakistan has become the fifth most populous country in the world and has the highest population growth rate in Asia.