Tuesday, April 4th, 2023
Federal cabinet rejects top court’s verdict in election delay case
ISLAMABAD: The federal cabinet Tuesday rejected the Supreme Court’s “unanimous verdict” on the case pertaining to the postponement of election in Punjab and Khyber Pakhtunkhwa (KP), sources told Geo News. The development came during the cabinet’s meeting, chaired by Prime Minister Shehbaz Sharif, held after a three-member bench — headed by Chief Justice Umar Ata Bandial and comprising Justice Ijaz Ul Ahsan and Justice Munib Akhtar as members — announced the apex court’s verdict on the matter which it had reserved a day earlier. Announcing the verdict on a pleaRead More
SBP increases interest rate by 100 bps to 21%
ISLAMABAD, Apr 04 (DNA): State Bank of Pakistan (SBP) on Tuesday increased the interest rate by 100 basis points (bps) to 21 per cent, an all-time high in the country in order to arrest ballooning inflation. According to a private news channel, the SBP in its Monetary Policy Statement issued here on Tuesday, at its meeting held on 4th April 2023, the Monetary Policy Committee (MPC) decided to increase the policy rate by 100 basis points to 21 per cent. The MPC noted that inflation in March 2023 rose furtherRead More
Shooting missiles, starving people, seeking luxuries: North Korea dear leader!!
North Korea had spent about $200 million on 70 times missile provocations in 2020. This expenditure can purchase 500,000 tons of rice which are afford to support the whole NK population for 45 Days. Despite the chronic food shortage, with Kim Jong-Un having emphasized this year’s grain production as a matter of ‘serious national dignity’ at the 7th enlarged plenary meeting of worker’s party, the Kims luxurious life continues. North Korean Central News Agency reported on 17th March of Kim Jong-Un and his daughter Kim Ju-Ae observing the test lauuchRead More
Six-judge SC bench overturns Justice Isa’s ruling on suo motu powers
ISLAMABAD, Apr 4 (DNA): A six-judge larger bench of Supreme Court has overturned Justice Qazi Faez Isa’s ruling about powers of the chief justice of Pakistan regarding suo motu notices and formation of benches. The six-member bench was formed only hours before it conducted its first hearing and shot down Justice Isa’s verdict without wasting any time, saying the detailed judgement will be released later. The larger bench was led by Justice Ijazul Ahsan, and comprised of Justice Muneeb Akhtar, Justice Mazahir Naqvi, Justice Muhammad Ali Mazhar and Justice AyeshaRead More
SC fixes May 14 as new Punjab poll date
Three-member bench headed by CJP Bandial announces verdict, directs federal govt to issue funds for polls. ISLAMABAD, APR 4: The Supreme Court ruled on Tuesday that the Election Commission of Pakistan’s (ECP) decision to postpone polls to the Punjab Assembly till Oct 8 was “unconstitutional” and fixed May 14 as the date for polls in the province. “The impugned order dated 22.03.2023 made by the Election Commission of Pakistan is declared to be unconstitutional, without lawful authority or jurisdiction, void ab-initio, of no legal effect and is hereby quashed,” theRead More
ICCI asks Minister of State for NHSRC to help address issues of pharma industry
Islamabad, APR 4: /DNA/ – Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) leading a delegation called on Mahesh Kumar Malani, Minister of State for National Health Services, Regulations and Coordination (NHSRC) in his office to seek his help in resolving the key issues of the pharmaceutical industry. Addressing the delegation, Mahesh Kumar Malani, Minister of National Health Services, Regulations and Coordination said that the pharmaceutical industry is playing an important role in meeting the domestic demand of medicines and promoting exports of pharma products and assuredRead More