Sunday, January 8th, 2023
Country defaults when people start dying for flour: Musarrat Cheema
LAHORE, JAN 08 (DNA) — Spokesperson for the Punjab chief minister and the provincial government Musarrat Cheema on Sunday said the default of any country established when the people started dying for flour in an agricultural country. “Yesterday in Sindh a citizen lost his life in a stampede while buying cheap flour,” she said in a tweet. The PTI leader said Pakistan had practically become bankrupt, but there was no shame on the faces of the incompetent ministers of the “fake” government. She further said the poor people of PakistanRead More
PTI condemns ‘harassment’ of Moonis Elahi, family: Fawad
ISLAMABAD, Jan 08 (DNA): Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry said on Sunday Pakistan Muslim League-Quaid (PML-Q) leader Moonis Elahi and his family were being harassed to pressurize them. Taking to Twitter, former information minister Fawad Chaudhry said the establishment had no way but to use force for keeping incumbent government in power. Political opponents were using force against us but this practice would not be allowed to continue for long, he added. On Saturday, Another twist to high drama in Punjab’s political arena appeared as PTI supremo Imran KhanRead More
NSC meeting to counter security and economic challenges
By Chaudhry Muhammad Latif The top most forum of the nation called the National Security Committee (NSC) held a comprehensive meeting for two days to contemplate on pressing challenges confronting the country, were extensively discussed and vital decisions were taken. The civil and military leadership took decisive action against terrorists and their facilitators to wipeout rising terrorism, militancy, and threatening national economic position. It is validly felt from the perusal of the press release that main focus of the NSC meeting was to crush and curb the explosive threat ofRead More
Is the PTI heading towards a cul-de-sac?
Analysis Ansar M Bhatti Imran Khan during his recent interaction with the media people had desired the Punjab Chief Minister Ch. Pervez Elahi to take a confidence vote ahead of the court hearing that resumes today. But hitherto Pervez Elahi has not done so nor does he intend to do it even in the coming days. Pervez fears if he gets a confidence vote, the PTI chairman will ask him to dissolve the assembly. There is also a possibility that some of the MPs may not put their weight behindRead More
APBF for taking serious measures, as depleting reserves hit economy hard
ISLAMABAD: /DNA/ – The All Pakistan Business Forum (APBF) has stressed the need for taking serious measures, as the current economic situation, marred by depleting foreign reserves, has also forced commercial banks to be selective in opening LCs even for sectors such as healthcare, as it has been unable to open Letters of Credit (LCs) as per its usual banking cycle. APBF President Syed Maaz Mahmood lamented that the economists foresee an imminent humanitarian and healthcare crisis in Pakistan unless prompt actions are taken by the State Bank of Pakistan,Read More
Nisar says we left with 25 days’ import cover with debt obligation of $8b in 1Q
DNA ISLAMABAD, JAN 8: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) has warned that economy is presently facing one of its worst crisis as foreign exchange reserves held by the central bank has fallen to a highly critical level of $4.5 billion after Pakistan paid back more than $1 billion loans, hardly enough to finance less than one month of import. FPCCI former president and BMP Chairman Mian Anjum Nisar expressed the fear the number is likely to drop further amid debt repayment obligations ofRead More