ISLAMABAD, Sep 10 (APP): Prime Minister Anwaar-ul-Haq Kakar Sunday said a task force headed by the finance minister would determine the sizes of federal and provincial governments, look at options to better manage pension funds, besides making efforts to rationalize public expenditure and increase revenue. In an interview with a private television, he said, “We are convinced that there is a need to rationalise expenditure and increase the revenue of the government to create a viable state and lessen existential threats due to economic vulnerability.” He said the Special InvestmentRead More

The report also addressed the issue of Hundi-Hawala (illegal money trade and smuggling) accentuating that 722 currency dealers are involved in the illegal forex activity Special Correspondent ISLAMABAD: A report submitted to the Prime Minister’s House (PMO) revealed that terrorists are using revenue generated from petrol smuggling as a key source of financing. The report, incriminating politicians and government officials revealed that 2.8 billion litres of petrol is smuggled annually to Pakistan from Iran. The petrol smuggling costs Rs60 billion to Pakistan each year, it added. “A total of 995Read More

Pakistan considers Karabakh as sovereign territory of Azerbaijan: FO DNA Islamabad: Pakistan on Sunday categorically condemned the polls conducted in the Nagorno-Karabakh region terming them as a violation of the United Nations (UN) Charter and the established principles of international law, a statement issued by the Foreign Office (FO) said. The FO also accentuated that Pakistan considers Karabakh as the sovereign territory of the Republic of Azerbaijan and that attempts to hold elections by the illegally installed regime are “legally and morally reprehensible”. It is pertinent to know that onRead More