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Finance Ministry rejects KP claims of NFC delays, says funds released regularly

Finance Ministry rejects KP claims of NFC delays, says funds released regularly

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ISLAMABAD: The Ministry of Finance rejected claims that the federal government has withheld funds from Khyber Pakhtunkhwa (KP), stating that provincial shares under the National Finance Commission (NFC) Award are released. Furthermore, the clarification came a day after KP Chief Minister Sohail Afridi alleged that development work in the newly merged tribal districts was being […]

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World Bank Approves $700M to Support Pakistan Economy

World Bank Approves $700 Million to Support Pakistan Economy

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ISLAMABAD: The World Bank has approved $700 million in financing for Pakistan. The funding is aimed at supporting macroeconomic stability and service delivery, the bank said on Saturday. The financing will be provided under the Public Resources for Inclusive Development – Multiphase Programmatic Approach (PRID-MPA). The initiative could provide up to $1.35 billion over multiple

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Dawn Group Receives Rs 860M in Govt Ads Over 13 Months: Tarar

Dawn Group Receives Rs 860M in Govt Ads Over 13 Months: Tarar

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ISLAMABAD: Federal Information Minister Attaullah Tarar said the Dawn Group received government advertisements worth PKR 860 million over the past 13 months. In an exclusive interview with WE News, he rejected claims that government ads to Dawn had been completely stopped. He said the group could provide details of ads issued during this period. Tarar

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Another May 9 Case Verdict Against Yasmin Rashid, Others Likely Today

Another May 9 Case Verdict Against Yasmin Rashid, Others Likely Today

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LAHORE: An anti-terrorism court has completed the trial in another case linked to the May 9 unrest at Kot Lakhpat Jail, with a verdict expected later today. The case relates to the torching of vehicles in Lahore’s Gulberg area on May 9. Several senior opposition figures are among the accused, including Dr Yasmin Rashid, Mian

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Imran Khan, Bushra Bibi Jailed for 10 Years Each in Toshakhana-II Case

Imran Khan, Bushra Bibi Jailed for 10 Years Each in Toshakhana-II Case

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RAWALPINDI: A court in Rawalpindi has sentenced former Pakistani prime minister and Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and his wife, Bushra Bibi, to 10 years in prison each in the Toshakhana-II case, after finding them guilty of corruption and the illegal transfer of state gifts. According to the verdict, the court ruled that allegations

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Toshakhana-II Case: Court Likely to Reserve Verdict Today

Toshakhana-II Case: Court Likely to Reserve Verdict Today

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RAWALPINDI: A hearing in the Toshakhana-II case against former Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan and his wife Bushra Bibi is expected to take place (today) Saturday at Adiala Jail, sources said. Court staff have informed Salman Safdar, counsel for the PTI founder, about the scheduled hearing. The previous hearing in the case was held

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Pakistan is poised to enter the Chinese onshore bond market, with its inaugural Panda Bond issuance targeted for January 2025, marking a significant step in diversifying its funding sources.

Pakistan to release $1 Billion panda bond in January

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ISLAMABAD: Pakistan is poised to enter the Chinese onshore bond market, with its inaugural Panda Bond issuance targeted for January 2025, marking a significant step in diversifying its funding sources. The update came during a high-level review meeting chaired by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb. Officials from the Finance Division and the

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US targets ISIS hideouts in Syria after killing of soldiers

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DAMASCUS: The United States US military has conducted a series of heavy airstrikes against Islamic State (ISIS) targets in central Syria, in a direct response to a recent fatal attack on American personnel. US officials confirmed that fighter jets and helicopters successfully struck multiple ISIS infrastructure and weapons installations in the operation, codenamed “Hawkeye Strike.” US Secretary

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