In an over 35-minutes online address to Pakistan Stock Exchange (PSX), the minister reiterated that the country would not default on any international payments including foreign debt. Dar admitted that he and his economic team were managing in a tight position. “We don’t have foreign exchange reserves of $24 billion which we had in 2016. "Pseudo intellectuals …and people (mostly the rival politicians) with vested interests have been propagating that Pakistan will default,” the minister claimed. "Pakistan's foreign exchange reserves would be at a much improved level when we close the current fiscal year on June 3, 2023," he assured the PSX investors.

Share:LAHORE - Pakistan national women’s team captain Maria Jamal Khan has vowed to perform well in the Four-Nation Cup scheduled in Dammam, Saudi Arabia from January 11 to 19, 2022. Sharing her views during training camp here in Lahore, Captain Maria Khan highlighted the importance of international exposure that is needed for every player and eventually help player boost their confidence. “We have been in the training camp for the past few weeks, and the players participating in the camp are giving their best. We are hoping for positive results. The joining of Nadia Khan will give a boost to the side and will strengthen our attack that can do well,” she added.

This is with reference to the report “Cops suspended for ‘stopping judge from using foggy motorway’” (Dec 1). Two officials of the National Highways and Motorway Police (NHMP) stopped the judge at the next interchange and challaned him for crossing and entering the closed motorway. To make matters worse, the judge wilfully disobeyed the law-enforcers and threatened them with action under terrorism charges. On the contrary, the two police officials were suspended for performing their duty as per orders. - Advertisement -This incident is a perfect example of arrogance, misuse of public office and abuse of power.

The Prime Minister has said that as a nation it needed to adopt energy-related austerity. - Advertisement -Prime Minister Shehbaz Sharif chaired a meeting of the federal cabinet on Monday and expressed regret over the arrest of senior parliamentarian Chaudhry Ashraf in a 53-year-old case. According to a statement, the federal cabinet has said that there will be no compromise on the law and order situation in the country. The federal cabinet also paid tribute to the security forces for their continuous struggle against terrorism. The Prime Minister also directed the Energy Minister to submit a detailed report on the capacity of wind power to the cabinet.

Prime Minister Shehbaz Sharif on Tuesday said the government had “no other option” but to implement the International Monetary Fund (IMF) programme. In the past, the PTI government blatantly breached the agreement with the International Monetary Fund (IMF). The prime minister assured that the whole process would be conducted through transparent bidding via a third party. He also urged the provincial chief ministers to emulate the federal government’s launched pattern and introduce solar systems in their respective provinces, assuring the federal government’s complete assistance in this regard. The prime minister said during the Covid pandemic, the prices of gas crashed to the lowest and it was sold at $2 per unit.

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After a long dry spell, the Pakistan Meteorological Department (PMD) has forecast rain with snowfall over the hills in upper parts of the country that would subside foggy conditions and benefit the standing crops. The Met Office on Tuesday informed that a westerly wave has entered northwestern parts of Balochistan and is likely to grip upper and central parts of the country on December 28 (night) till December 29. About the possible impacts, the Met Office revealed that the rain will be beneficial for the standing crops, especially in Barani areas. Foggy conditions are likely to subside during the forecast period. Day temperatures are likely to fall by 05-07 degree celsius during the wet spell.

Share:The FIA has arrested 50 suspects for an illegal currency business in Lahore. Similarly, a few days ago, 4 illegal currency dealers were nabbed in Quetta for running an illegal money exchange business. These developments add weight to the fear around an illegal black market opening up for dollars, as insinuated by the finance minister, among others. Illegal money exchanges and practices outside the banking channel such as Hawala and Hundi hurt the stability of inter-bank market rates. We have also been recently removed from the FATF grey list so the country cannot afford a rise in currency smuggling operations.

Share:LAHORE/ISLAMABAD - The Anti-Corruption Establishment (ACE) of Punjab Tuesday arrested Pakistan muslim League-Nawaz (PmLN) member National Assembly Chaudhry mohammad Ashraf for allegedly occupying state land illegally. Ashraf faces accusations of encroaching on stateowned land by forging the land documents and records in connivance with the revenue officer (Patwari). Gardawari is a legal revenue department document used in country that specifies land and crop details. The Prime minister said at the behest of Imran Khan, anti-corruption Punjab is being used for political revenge. The Prime minister said on the pattern of NAb and FIA, using Anti-Corruption Punjab against political opponents is very sad and condemnable.

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Share:KARACHI-The District Municipal Committees and city Administrators of Karachi and Hyderabad on Tuesday called on the Sindh Governor Mohammed Kamran Khan Tessori at Governor house. Those, who called on included Administrator Karachi Dr. Saifur Rehman Administrator Hyderabad Farooq Khan, Administrator East Syed Shakil Ahmed, and Administrator Korangi Mohammed Sharif. Governor Kamran Tessori directed the administrators to be in contact with the people to resolve their problems. Governor meets Bohra community’s spiritual leader Syedna Mufaddal SaifuddinSindh Governor Kamran Khan Tessori on Tuesday met the spiritual leader of Dawoodi Bohra Jamaat Syedna Mufaddal Saifuddin. Kamran Khan Tessori said that the Bohra community was playing an important role in the development of Pakistan.

Share:Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan said on Tuesday audio tapes were being released to blackmail him and malign his image. “What could be more treacherous than installing thieves on powerful positions and quashing cases against them”, he added. “FIA official Rizwan died of cardiac arrest and four witnesses against Mr Shehbaz are no more”, he added. He said the appointment of Najam Sethi as the chairman of Pakistan Cricket Board (PCB) would ruin cricket too as Mr Sethi had never played cricket. “Are even Mr Sethi and former PCB chairman Ramiz Raja comparable”, he questioned.

Leafs/Blues Preview + Working Off The Food Coma: Leafs Morning TakeAfter a four-day holiday break, the Leafs are in St. Louis tonight to tangle with the Blues for the first of three on the road to finish off 2022. Food coma et all, it was nice to get back in the saddle for the Tuesday edition of Leafs Morning Take . Advertisement Ad Advertisement AdAdditionally, we discussed the special teams battle. That said, they do have a chance to capitalize on St. Louis’ pitiful PK (29th – 70.7%) tonight. Advertisement Ad Advertisement AdWe’re off tomorrow.

ISLAMABAD: The prime minister on Tuesday paid tribute to slain Pakistan Peoples Party (PPP) chairperson Benazir Bhutto on the 15th anniversary of her assassination, saying the former prime minister was a “crusader for human rights and democracy”. Shehbaz Sharif said Bhutto left an indelible mark on Pakistan’s politics and the void left by her tragic death has widened over the years. In his statement, the prime minister said the “black day [of her death] is unforgettable”. — Shehbaz Sharif (@CMShehbaz) December 27, 2022As the first woman prime minister of the Islamic world, hers was a fascinating story of the lifelong struggle, Sharif said. The prime minister extended condolences to her family, including her husband Asif Ali Zardari and son Bilawal Bhutto.

Share:LAHORE - Governor Punjab Muhammad Balighur Rehman has defended his decision of de-notifying chief minister Punjab after the latter failed to attain vote of confidence from the house on the given time and date. Governor Muhammad Balighur Rehman said top priority of the coalition government is to make the country economically strong, adding that role of the business community in the de­velopment of the country’s economy as well as in welfare work is commendable. The Governor Punjab said continuity of policies is very im­portant for the stability of the economy. Governor Mu­hammad Balighur Rehman said economic cri­sis arose due to record deficit and heavy debts borrowed by the previous government. He said PML-N had brought stability to the country in the worst load shedding and economic crisis in 2013, despite unfavorable conditions and the same experienced team is determined to end the economic crisis in the country and achieve economic stability.