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September 28, 2022September 28, 2022

Inauguration Of Ishaq Dar As New Finance Minister

September 28, 2022 / By Zunair Tahir / Pakistan News

**On September 28, 2022, Ishaq Dar of the PML-N swears in as the next finance minister.**

Ishaq Dar, a prominent member of the Pakistan Muslim League-Nawaz (PML-N), was sworn in as the nation’s new finance minister on Wednesday.

At the Aiwan-i-Sadr, the oath was delivered by President Dr. Arif Alvi. At the oath-taking event, attendees included Interior Minister Rana Sanaullah and Prime Minister Shehbaz Sharif.

ALSO READ: In Pakistan, Petrol Prices May Decrease By Rs.5 & Diesel Prices By Rs.15

“To bear genuine faith and devotion to Pakistan,” Dar said at the event. “To fulfil its responsibilities honestly to the best of its capacity and truthfully in line with the Constitution of the Islamic Republic of Pakistan and the law.”

“I shall work to protect the Islamic ideology that served as Pakistan’s foundation. The new minister recited the words of the oath while reading it. “That I will not permit my personal interests to affect my official behaviour or my official choices,” he stated.

The action was taken when Miftah Ismail, a former finance minister, resigned from his position to make room for the PML-N senator.

Following a crucial party conference presided over by party leader and former prime minister Nawaz Sharif in London, the choice to choose Dar as the next finance czar was decided. Sen. sworn into office

Ishaq Dar took the oath of office as a senator on Tuesday amidst protests from Pakistan Tehreek-e-Insaf (PTI) MPs.

Dar took the oath of office from Senate Chairman Sadiq Sanjrani after returning to Pakistan earlier in the day after nearly five years in the UK on a “medical leave.”

While on trial for corruption in 2017, the PML-N leader had fled the nation.

Leaders of the PML-N greeted him by thudding their desks as he walked into the Senate hall.

However, PTI senators gathered around the chairman’s rostrum when he was taking the oath of office and yelled things like “absconder.”

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Pakistan’s Prime Minister Pledges To Compensate Flood Victims

September 15, 2022 / By Zunair Tahir / Pakistan News

ISLAMABAD — After the worst floods in the nation’s history, Pakistan’s prime minister assured the nation’s homeless population on Wednesday that the government would make sure they were compensated to rebuild and resume their lives.

Prime Minister Shahbaz Sharif, second from the right, converses with a youngster at a makeshift school in a tent in the Pakistani Baluchistan flood-stricken community of Suhbatpur. Following the nation’s worst-ever floods, Sharif pledged the nation’s millions of homeless people on Wednesday that the government would make sure they were compensated to repair their houses and resume their lives.

A half million people are living in camps as winter approaches after being evacuated by the flood, which damaged 1.7 million houses. Delivering food, tents, and money to the victims has been the government’s top priority up to this point. Since mid-June, the floods have claimed 1,481 lives, affecting 33 million people.

We’ll do everything we can to provide you with financial support so you may build new homes “Prime Minister Shahbaz Sharif spoke to a number of families residing in tents and temporary structures in the Baluchistan town of Suhbatpur. “The government will provide compensation to those who lost their houses and crops, “he stated during his remarks on television.

Under the town of Suhbatpur, where hundreds of schoolchildren were receiving assistance from UNICEF to study in a tent, Sharif also informed the students that a new school will be built there in the following two months.

“Pakistan has never seen such massive climate-related destruction, “Sharif stated to a group of attorneys on Wednesday in Islamabad. “Watching flooded villages, towns, and cities was awful.”

After 15 days, according to Sharif, Pakistan will enter its winter season, and the flood victims will face a new challenge: figuring out how to survive in the bitter cold when they were previously living in tents throughout the summer.

Even getting clean drinking water to flood victims has become difficult, he claimed.

70% of Pakistan’s wheat, cotton, and other crops were devastated by the floods. The government now claims that the economic toll is far higher than Pakistan’s initial estimate of $10 billion in losses. The world community, especially those responsible for climate change, has been encouraged by the UN to provide greater aid to Pakistan.

Thousands of people are now homeless as a result of the monsoon rains that destroyed entire communities, bridges, and highways. A third of the country’s land area was submerged under water at one time.

Unprecedented rain-related losses in Pakistan have been attributed by several analysts to climate change.

Sherry Rehman, Pakistan’s minister for climate change, stated to a group of MPs from the Asia Pacific on Wednesday in Islamabad that the threat posed by climate change, which “knows no boundaries,” is currently affecting the whole globe.

She urged cutting emissions to protect other nations from the harm that her country is already experiencing.

Overnight, Pakistan received its first shipment of Saudi Arabian help.

The United States and many other nations, including the United Nations, have already provided around 90 planeloads of aid.

In response to an urgent call for $160 million, member states have so far pledged $150 million, according to Julien Harneis, resident coordinator for the United Nations in Pakistan, who made the announcement during a news conference on Wednesday.

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Pakistan: Former Prime Minister Khan’s Party Battles Government Repression

August 25, 2022 / By Zunair Tahir / Pakistan News

After Khan was ousted in April of this year due to a no-confidence vote, the Pakistan Tehreek-e-Insaf (PTI) is under a great deal of pressure. The PTI is under pressure since they frequently attack the country’s strong military in their big demonstrations, accusing the generals of being behind the regime change, and they back the recently-installed Shehbaz Sharif administration.

Khan was charged after he delivered an aggressive speech to thousands of his supporters at a rally in the capital city of Islamabad, criticizing the arrest of his top aide and threatening the senior police officers and judge overseeing the case. Khan is a former cricketer who has since become a populist politician. He claimed that the cops had tortured his assistants.

Speaking to his fans on Saturday, Khan threatened them, saying, “We will bring cases against you and will not spare you.”

During his rallies and media appearances, Khan has made remarks that have been directed at Pakistan’s powerful military, police, and present government.

Khan has been given a three-day “transit bail” that prevents authorities from detaining him on terrorism-related accusations.

Thousands gather in front of Khan’s villa

On Monday, hundreds of PTI supporters gathered in front of Khan’s hillside home outside of Islamabad to show their support for their leader. If Khan is arrested, the PTI has threatened to bring the nation to a standstill through protests and rallies.

“Imran Khan’s arrest would trigger a widespread, violent backlash that would plunge the nation into anarchy. We gave this government a deadline warning. If you detain our leader Khan, millions of people will march toward Islamabad to overthrow this government “claimed Fakhar Zaman Sial, a lawyer who was seated next to Khan’s villa’s entrance.

“People have strong feelings for Khan, and it is absurd to file bogus charges against him. He’s a terrorist, right? No, he is a respected national leader on a worldwide scale. We won’t allow this to take place. Khan will have to be taken into custody in spite of our bodies, “added a different ally.

“Our devoted employees raced to Khan’s home early on Monday morning and prevented the arrest plot from succeeding. I got here on Sunday evening “Approximately 250 kilometer’s (155 miles) from Islamabad, in the Punjabi region of Sargodha, arrived Mohsin Raza, who spoke to DW.

“Khan and his party are currently under pressure, but it won’t last through the tenure of the current military leadership. If PTI survives this specific moment of duress, it will probably emerge considerably stronger as the nation’s unquestioned main party, “Political analyst Mosharraf Zaidi told DW.

Threlkeld asserts that the PTI lacks a leader with Khan’s degree of support and charisma who could lead the party, creating a vulnerability at the top were Khan to be sidelined, in the event that Khan is detained or excluded from politics for an extended length of time.

The immediate repercussions are likely to be a possibly deadly clash between Khan’s fans and the state, according to Afzal, but I think the party will unite around Khan, not choose an other leader. Khan’s party has stated that his probable arrest will be a “red line.”

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UAE To Spend $1 Billion In PSX, Claims Miftah Ismail

August 6, 2022 / By Zunair Tahir / Business News

**Finance Minister Miftah Ismail addresses a press conference in Karachi on August 6**

Finance Minister Miftah Ismail announced on Saturday that the United Arab Emirates (UAE) has invested in the nation’s stock exchange in an effort to strengthen bilateral economic ties.

The UAE previously announced its willingness to invest $1 billion in Pakistani businesses across a range of economic and investment sectors. The action is intended to seek new investment possibilities and areas for collaboration in projects across multiple industries in order to strengthen bilateral economic relationships in the best interests of the two nations, according to the Emirates News Agency.

“Problems will continue to prevail until September,” says Miftah Ismail

Miftah Ismail stated during a news conference in Karachi that the national economy requires the importation of luxury goods to be prohibited for the foreseeable future.

He insisted that wise government policies are driving the country’s economy in the right direction, and that efforts are being done to stabilize it.

Banks Will Be Closed On August 8 and 9 For Muharram In 2022

August 6, 2022 / By Zunair Tahir / Pakistan News

A two-day bank holiday in honour of Ashura was announced by the State Bank of Pakistan (SBP) on Thursday (Muharram 9-10).

The State Bank of Pakistan announced that it will be closed on August 8 and 9, which were the 9th and 10th Muharram-ul-Haram, 1444 AH, in observance of Ashura.

On Ashura, the State Bank of Pakistan will be closed.
The dates August 8 and 9 will be Ashura.
Also declared by the government is a two-day holiday.

The announcement states that Shehbaz Sharif, the prime minister, has authorized the two-day public holiday honoring Ashura on August 8 and 9. (Monday and Tuesday).

For informational purposes only, the Prime Minister therefore proclaims the 8th and 9th of August, 2022 (Monday and Tuesday), as public holidays in honor of Ashura (9th & 10th Muharram 1444 AH).

All private and public agencies, educational institutions, enterprises, and other activities will be closed over those two days, according to the announcement.

In a notification sent by the Cabinet Division the day before, the federal government granted two vacations in honor of Ashura as Pakistanis and Muslims throughout the world get ready to observe the sacred event with grief, sorrow, and prayers.

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From Friendly Nations, Pakistan Receives The “Green Light” For A $8 Billion Package

August 5, 2022 / By Zunair Tahir / Pakistan News

ISLAMABAD: According to reliable sources cited by ARY News on Friday, friendly nations have given Pakistan the go-ahead to receive investment and money.

Sources in the finance ministry claim that there have been encouraging signs of a $8 billion economic package from friendly nations, with China, Saudi Arabia, the United Arab Emirates, and Qatar heading the pack.

They add that there has been tremendous progress in the talks between Pakistan and Saudi Arabia and that there is a chance that the oil facility might double with Saudi Arabia deferring payment.

The New National Anthem Will Be Released By The Government On August 14

The oil facility’s budget would rise from 1.2 billion to 2.4 billion dollars, and Saudi Arabia may provide safe deposits as well.

Ayesha Ghous Pasha, a minister of state, stated that although the friendly nation notified Pakistan in this respect, it would be making the formal statement.

She said that up to this point, China has rolled over $4.3 billion in debt, which includes $2.3 billion in commercial loans and $2 billion in deposits.

During the week that concluded on July 29, the State Bank of Pakistan’s (SBP) foreign exchange reserves fell by $190 million.

The State Bank of Pakistan now holds $8,385.4 million in foreign reserves, according to a breakdown provided by the central bank.

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The New National Anthem Will Be Released By The Government On August 14

August 3, 2022 / By Zunair Tahir / Pakistan News

In celebration of the nation’s 75th anniversary of independence, the Pakistani government will release a new rendition of the national anthem on August 14.

The effort was taken, according to a statement made by the Steering Committee for the Re-recording of the National Anthem of Pakistan, to “represent the current inclusivity in voices and expression” while maintaining its core.

Jazz Urges Workers To Prepare For Consequences

Additionally, “the committee adopted a gender-balanced, all-inclusive approach and hired vocalists from varied regional, cultural, and ethnic origins, from all religious beliefs, and from all musical genres.”

125 singers participated in rehearsing and recording the nation’s song in Islamabad in June after practising for the most recent rendition at the National Academy of Performing Arts (NAPA) in Karachi.

The vocalists and choir members who appear in the re-recorded version are listed below:

Abdullah Qureshi, Abid Brohi, Abid Wilson, Adil Baloch, Ahmad Gul, Ahmed Jahanzeb, Ahsan Ali, Aizaz Sohail, Akbar Ali, Akbar Ali Khan, Akhtar Chanaal, Ali Hamdani, Ali Hamza, Alycia Dias, Amanullah Nasar, Anamta Saleem Sabri (of the Sabri Sisters), Aqdas Asif, Arif Khan, Arif Lohar, Arqam Khan, Asfar Hussain, Asim Baloch, Bakhtiar Khattak, Bilal Ali, Bilal Asvad, Bilal Saeed, Bisma Abdullah, Dr. Essa Kakar, Essa Khajjak, Fakhir Mehmood, Fariha Pervez, Fozia Yasmeen (of the Manwa Sisters), Goher Mumtaz, Haider Ali, Hamayoon Khan, Hamza Tanveer, Haroon Shahid, Humaira Javed, Hussain Baksh, Iman Shahid, and Irfan Ali Taj.

The other singers include Irfan Khan, Islam Habib, Jabar Abbas, Jana Nazareth, Jasim Haider, Jia Nauman, Junaid Javed, Karan Khan, Kashif Din, Kashif Zafar, Kehkashan Khan, Khalid Jahangir, Khurram Iqbal, Laila Khan, Lucky Khan, Maham Waqar, Maria Unera, Mehak Ali, Moez Mohamand, Naseer Afridi, Nasir Butt, Natasha Humera Ejaz, Nauman Lasharie, Niaz Balti, Nida Irtiza, Nimra Gilani, Nimra Rafiq, Nirmal Roy, Nirmala Maghani, Noman Asmet, Quaid Ahmed, Rabia Nazar, Rachel Johnson, Rafia Ali, Rahim Khan, Raisa Raisani, Rameez Mukhtar, Razia Abrar, Rizwan Anwar, Saba Noreen (of the Manwa Sisters), Sadiq Hussain, Sahir Ali Bagga, Sajjad Gohar, Salman Paras, Saman Areej (of the Sabri Sisters), and Sana Tajik.

The new version also features Sanwal Esakhelvi, Sardar Amar, Sehar Gul Khan, Shahab Hussain, Shahmir Quidwai, Shaina Johnson, Shamu Bai, Shaukat Faqeer, Sherry Raza, Shuja Haider, Sibtain Khalid, Sidra Kanwal, Sitara Younas, Sumraan Shafique, Sunny Sam, Tahir Feroz, Taj Mastani, Tehmina Tariq (Gospel Singer), Tina Sani, Umair Jaswal, Urooj Fatima, Usman With D, Vishnu, Wajahat Aalmi, Wajiha Naqvi, Wali Ullah Farooqi, Yamsa Noor, Yashwa Ayub, Yasir Khan Milzai, Zara Madani, Zarish Kaleem, Zeb Bangash, Zeek Afridi, Zeeshan Ali, Zille Huma (of the Manwa Sisters), Zoha Zuberi, Zohaib Zaman, and Zubin Ernest (Gospel singer).

According to the announcement, a video for the new rendition of the national anthem was created by Num Films, a production company located in Karachi.

The 16-member Steering Committee for the Re-Recording of the National Anthem was established by the Pakistan Tehreek-e-Insaf (PTI) government in June 2021, with former senator Javed Jabbar serving as its chairman.

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Great News For Inflation-Stricken People Of Pakistan

July 7, 2022 / By Zunair Tahir / Pakistan News

Distributors have announced a drastic reduction in LPG prices following a reduction in prices by manufacturing companies.

According to Chairman LPG Distributors Association Irfan Khokhar, the price of domestic cylinder has been reduced by Rs 120 and the price of commercial cylinder by Rs 450.

It will be great relief for the people of Pakistan through the tough times going on and people also needed less price because Eid-Ul-Adha is round the corner and people of Pakistan are very found of eating and cooking.

Pakistan Cut The Army’s Budget By RS72 Billion In Order To Finalize IMF Agreement

July 6, 2022 / By Zunair Tahir / Pakistan News

In order to satisfy a key requirement of the International Monetary Fund (IMF) concerning establishing primary budget surplus in the next fiscal year, Pakistan has reduced the armed forces development plan by Rs72 billion or one-fifth of the amount provided on June 10.

One of the key requirements of the IMF for the resumption of the bailout package is having a primary budget surplus of Rs153 billion, or 0.2 percent of the national GDP. Now, Finance Minister Miftah Ismail is hoping to get an agreement on the personnel level by the end of this week.

Government Has Imposed 1% Capital Value Tax (CVT) On Cars Above 1300cc

July 6, 2022 / By Zunair Tahir / Automotive News

Beginning on July 1st, 2022, the government will apply a 1 percent Capital Value Tax (CVT) on all vehicles with engines larger than 1300 cc and battery packs larger than 50 kWh.

In an effort to include automobiles with relatively tiny yet turbocharged engines under the tax net, the government had earlier suggested a 2 percent CVT on vehicles with price tags exceeding PKR 5 Million, according to the details. Later, the plan was scaled back to a 1% CVT.

CAR IMPACT OF CVT

Changan Alsvin
Toyota Yaris
Honda City (1.5L variants)
Toyota Corolla
Honda Civic
KIA Stonic
KIA Sportage
Hyundai Tucson
Proton X70
Chery Tiggo 4 Pro
Chery Tiggo 8 Pro
Changan Oshan X7
KIA Sorento
DFSK Glory 580 Pro
Hyundai Elantra
Hyundai Sonata
Haval Jolion
Haval H6

The tax requirements are now predicated on the engine displacement above 1300cc, and the price tag beyond PKR 5 Million is therefore wholly meaningless. Although FBR’s decrease of CVT from 2% to 1% was to the benefit of customers, these recent conditions mean that the impact on consumers will be considerably greater.

Although there has been a significant rise in the number of automobiles brought into the CVT tax net, the value of tax collection has undoubtedly decreased. Thus, the government benefits from this arrangement!

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Inauguration Of Ishaq Dar As New Finance Minister

ALSO READ: In Pakistan, Petrol Prices May Decrease By Rs.5 & Diesel Prices By Rs.15

READ MORE NEWS…

Pakistan’s Prime Minister Pledges To Compensate Flood Victims

Pakistan: Former Prime Minister Khan’s Party Battles Government Repression

Thousands gather in front of Khan’s villa

UAE To Spend $1 Billion In PSX, Claims Miftah Ismail

“Problems will continue to prevail until September,” says Miftah Ismail

READ MORE: Banks Will Be Closed On August 8 and 9 For Muharram In 2022

READ MORE: In Three References, ECP Summons Imran Khan

Banks Will Be Closed On August 8 and 9 For Muharram In 2022

READ MORE NEWS…

From Friendly Nations, Pakistan Receives The “Green Light” For A $8 Billion Package

ISLAMABAD: According to reliable sources cited by ARY News on Friday, friendly nations have given Pakistan the go-ahead to receive investment and money.

READ MORE

The New National Anthem Will Be Released By The Government On August 14

READ MORE

READ MORE NEWS…

Great News For Inflation-Stricken People Of Pakistan

Distributors have announced a drastic reduction in LPG prices following a reduction in prices by manufacturing companies.

READ MORE: Pakistan Cut The Army’s Budget By RS72 Billion In Order To Finalize IMF Agreement

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Pakistan Cut The Army’s Budget By RS72 Billion In Order To Finalize IMF Agreement

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Government Has Imposed 1% Capital Value Tax (CVT) On Cars Above 1300cc

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CAR IMPACT OF CVT

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