RAWALPINDI, June 11(ABC): Awami Muslim League Pakistan (AMLP) leader Sheikh Rashid on Saturday said that the nation was with lightening through deficit in buget. The former Interior Minister Rashid while terming the hike in prices of daily routine items, said in a tweet that the increase of the prices of petrol, gas, electricity and ghee was part of the budget …

ISLAMABAD, June 08(ABC): In an attempt to save energy, the National Economic Council (NEC) has decided to order the closure of markets across the country at 8:30pm. The NEC took the decision Wednesday during a meeting chaired by Prime Minister Shehbaz Sharif. The meeting was attended by chief ministers of all provinces. The NEC met a day after President Ari …

KARACHI: The Sindh High Court (SHC) Wednesday allowed teenager Dua Zahra — who had mysteriously gone missing from Karachi in April but later declared that she had run away from her home to marry 21-year-old Zaheer Ahmed — to decide where she wants to go, with her parents or husband. In a three-page written order, Justice Junaid Ghaffar said the …

ISLAMABAD, June 11(ABC): Finance Minister Miftah Ismail said preparing for the Budget 2022-23 was the most difficult thing to do as the country was going through a very critical phase and the government is targeting “fiscal consolidation” and “provision of relief” to the masses. Addressing the post-budget press conference in Islamabad today along with Information Minister Marriyum Aurangzeb, State Minister …

LAHORE, June 11(ABC): A special court hearing the Rs16 billion money laundering case against Prime Minister Shehbaz Sharif and his son, Punjab Chief Minister Hamza Shehbaz, was told by the former on Saturday that it is a “pack of lies” and “will be buried”. PM Shehbaz and Hamza were summoned in Special Court (Central) today for questioning, with the prosecutors …

  ISLAMABAD, June 11(ABC): Hours after presenting the budget for the fiscal year 2022-23, Finance Minister Miftah Ismail once again indicated a hike in petroleum prices and said the government would end subsidies on fuel soon, reported. Last month the government increased petroleum prices by Rs60 and a day earlier presented the “toughest” federal budget for the fiscal year 2022-23 with an outlay …

ISLAMABAD, June 11(ABC): Responding to former foreign minister Shah Mehmood Qureshi’s claim that Pakistan has assured its support to India’s bid for UNSC membership, the Foreign Office on Friday reaffirmed its opposition to adding new permanent members to the UN Security Council (UNSC). A day earlier, PTI Vice-Chairman Shah Mehmood Qureshi claimed to have heard that Foreign Minister Bilawal Bhutto-Zardari …

ISLAMABAD, June 08(ABC): Prime Minister Muhammad Shehbaz Sharif Wednesday directed the authorities concerned to abolish all taxes on the raw materials of the export industry, as part of his government’s vision to develop an export-oriented economy. The prime minister, in a meeting with a delegation of the American Business Council, also directed the formation of task forces to attract investment …

ISLAMABAD, June 11(ABC): Defending the budget presented by his government Friday, Prime Minister Shehbaz Sharif assured the nation that the finance bill will steer the country out of the “difficult” time that has been brought on by “recent years of economic mismanagement”. “These are difficult times brought upon us by recent years of economic mismanagement. Through this budget, my government will …

ISLAMABAD, June 11(ABC): The Federal Board of Revenue (FBR) has changed the criteria for non-resident Pakistani businessmen to become tax resident individuals which was introduced by the PTI government in 2019,  reported Saturday. According to Finance Bill 2023, non-resident Pakistani businessmen must now file their income tax returns regardless of the length of their stay in Pakistan and pay the requisite …