Wednesday, June 29th, 2022
Punjab CM polls: Uncertainty on Hamza Shahbaz’s election persists as LHC adjourns hearing
The uncertainty on Hamza Shahbaz’s election as the Punjab chief minister continued as the Lahore High Court (LHC) once again adjourned the hearing of the case till June 30. A five-member LHC bench headed by Justice Sadaqat Ali Khan resumed hearing the separate pleas — filed by PTI and PML-Q — against Hamza’s election as CM on Wednesday. Bench member Justice Tariq Saleem Sheikh said during the hearing that the court will wrap up the case today (Wednesday). However, the hearing was adjourned once again, leaving Hamza’s fate hanging inRead More
Rupee continues to gain against dollar
The Pakistani rupee continued to gain against the US dollar during intraday trade after Pakistan received the Memorandum of Economic and Fiscal Policies (MEFP) from the International Monetary Fund (IMF) for the combined seventh and eighth reviews. The local unit was trading at Rs204 at 2:26pm against the greenback, according to forex.com.pk, and analysts expect the rupee to close in the range of 202-205 tomorrow — when the fiscal year ends According to the State Bank of Pakistan (SBP), the local currency gained Rs1.07, or 0.52%, to close at Rs206.87Read More
French envoy recognizes services of the outgoing head of economic section
Dominique Simon is leaving Pakistan after completing his tenure; wishes to come back again ISLAMABAD: Ambassador of Indonesia Adam Tugio, Ambassador of France Nicolas Galey and the outgoing Head of Economic Section Diminique Simon and his wife.=DNA ISLAMABAD: Ambassador of France Nicolas Galey speaks during a reception he hosted to bid farewell to Dominique Simon.-DNA Special Correspondent ISLAMABAD: Ambassador of France Nicolas Galey hosted a reception to bid farewell to the Head of the Economic Section Dominique Simon who is leaving Pakistan after completing his term for the second time.Read More
Trade blacklist: Pakistan firms among 36 companies US accuses of supporting Russia
WASHINGTON: US President Joe Biden’s administration added five companies in China to a trade blacklist on Tuesday for allegedly supporting Russia’s military and defense industrial base, flexing its muscle to enforce sanctions against Moscow over its invasion of Ukraine. The Commerce Department, which oversees the blacklist, said the targeted companies had supplied items to Russian “entities of concern” before the Feb. 24 invasion, adding that they “continue to contract to supply Russian entity listed and sanctioned parties.” The agency also added another 31 entities to the blacklist from countries thatRead More
Punjab CM polls: LHC resumes hearing on Hamza Shahbaz’s election case
The Lahore High Court (LHC) on Wednesday resumed hearing the case challenging Hamza Shahbaz’s election as the Punjab chief minister. The hearing of separate pleas — filed by PTI and PML-Q — against Hamza’s election as CM is currently underway. An LHC bench headed by Justice Sadaqat Ali Khan is hearing the case. At the outset of the hearing, Justice Shahid Jameel remarked that it will hear arguments from the counsel representing Hamza Shahbaz first. The judge remarked that Hamza’s lawyer will give arguments if the Supreme Court’s verdict on theRead More
Marriyum visits APP employees protest sit in, assures resolution of problems
ISLAMABAD:Minister for Information and Broadcasting Marriyum Aurangzeb on Tuesday night arrived at the protest sit in of the employees of official news agency Associated Press of Pakistan. She assured the protesting employees of APP that their demands would be fulfilled after which they ended their protest. MD APP Akhtar Munir, Principal Information Officer (PIO) Mubashir Hassan also accompanied the minister. She sat on the road with the protesters as a gesture of solidarity with them. Speaking on the occasion, she said that her relationship with journalistsRead More