According to the Asian Development Bank (ADB), Pakistan’s interest payments are predicted to consume an astounding 62 percent of its fiscal receipts, up from 41 percent in 2022–2023. According to the bank’s “Asian Development Outlook,” public debt in Pakistan is expected to drop by 7 percentage points to 70% of GDP in 2024–2025. Even still, it is anticipated that interest payments would account for an astounding 62% of fiscal receipts, up from 41% in 2022–2023.The bank went on to say that Pakistan likewise lowered policy rates over the same period last year, with inflation dropping from 38 percent in May…
Author: Mawadat Fatima
A public notice has been released by the Capital Development Authority (CDA) indicating that several property owners and residents in Islamabad have encroached into public land. The public notice claims that the encroachments are having an impact on the environment and the standard of living of the city’s citizens. The CDA issues a warning that non-compliance would result in severe legal action, immediate encroachment removal, and financial responsibility for violators. The authority stresses that encroachments cause traffic congestion, environmental degradation, safety problems, and disruption of the city’s aesthetic value. They also make it more difficult for the public to access…
KARACHI: During the week that concluded on July 12, the State Bank of Pakistan’s (SBP) foreign exchange reserves climbed by a pitiful $19 million to $9.423 billion. Currency stability has been guaranteed by the SBP reserves, which have been rising for a number of weeks. The capacity of the central bank to make timely payments on foreign obligations determines the currency rate in considerable part. Experts predict that the nation will have to make a sizable payment for debt servicing by the end of this month or the first week of August. The nation’s total reserves rose to $14.703 billion during…
ISLAMABAD: On Thursday, Prime Minister Shehbaz Sharif asked the Federal Board of Revenue (FBR) to include wealthy people in the tax net and instructed officials to raise the number of Appellate Tribunals from 50 to 100 in order to accelerate the decision of outstanding tax issues. In order to assess the progress of many tax initiatives that have been postponed for more than three years, the premier met again with senior FBR representatives. The prime minister convened many meetings to instruct the FBR to expedite the digitization of the tax system. In addition, he oversaw the establishment of a dashboard…
A rising wealthy class and an expanding number of foreign investors in Pakistan are driving a boom in demand for luxury houses in the country’s real estate market. The Pakistani luxury real estate market provides a wide variety of high-end living choices, from modern penthouses to lavish villas. Karachi: The Hub of Luxury Real Estate Some of the most opulent homes in Pakistan may be found in Karachi, the nation’s commercial hub. Certain neighborhoods, such as Clifton and DHA (Defence Housing Authority), are well known for their luxurious real estate options and high caliber of life. In Pakistan, DHA Karachi…
Pakistan has a rich tradition of higher education, with many universities offering high-quality programs that attract students from around the world. Pakistan’s top universities play a crucial role in shaping the future of higher education in the country. Institutions like NUST, QAU, LUMS, PU, AKU, UoK, CIIT, GCU, and IBA offer world-class education and research opportunities, attracting students from around the globe. These universities’ high rankings and commitment to academic excellence make them ideal choices for anyone seeking quality higher education in Pakistan. National University of Sciences and Technology (NUST) Among Pakistan’s best universities, the National University of Sciences and…
Students in Class 9 are eagerly expecting their SSC Part 1 results after the Matric Results 2024.Exams for Class 9 were taken by over 200,000 pupils, starting on March 19 in Lahore and other Punjabi cities. On August 22, the Board of Intermediate and Secondary Education (BISE) Lahore and other boards in Punjab are expected to release the results for Class 9. The announcement is expected to take place on August 22, 2024. Board members have not yet confirmed the precise date of the impending results, though. Students need to receive at least 182 out of 550 marks, or a…
Pakistan is accustomed to adopting the newest improvement as the IT sector continues to develop quickly. The nation’s tech sector is expanding, and people are excitedly awaiting the release of new devices that are acknowledged to change everyday living. Smartphones: The Next Period of time In Pakistan, smartphones continue to lead the electronic device market. Several new models with cutting-edge features and improved capacity are expected to make waves this year. For example, the Samsung Galaxy S21 series features svelte looks, strong performance, and amazing camera systems. Similar to this, the A15 Bionic chip for greater performance, increased battery life,…
Since its founding in 1947, Pakistan has steered through murky international seas while working to preserve and strengthen its diplomatic ties throughout the world. Its bordering positions with Afghanistan, Iran, China, and India have greatly influenced its foreign policy and international economic tactics. In addition to including secondary issues like international trade and foreign policy, this article explores the major events in Pakistan’s diplomatic relations, emphasizing basic components like diplomatic relations and Pakistan diplomacy. Pakistan’s admission to the UN in 1947 marked the start of its diplomatic career. At first, its relationship with India had a significant impact on its…
ISLAMBAD, JULAY 18: On Thursday, the price of gold in Pakistan increased by more than Rs. 4,500 per tola, setting a record. The price of 24 carat gold increased by Rs. 4,600 per tola to Rs. 254,000, while the price of 10 kilos increased by Rs. 3,944 to Rs. 211,591, according to statistics released by the Karachi Sarafa Association. The Sarafa Association said that because purchasers’ purchasing power has decreased, the price of gold has been held below cost by Rs. 4,000. Local gold prices increased in tandem with global prices, which surged to almost all-time highs. The revived expectation of a…
