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ISLAMABAD: Prime Minister (PM) Shehbaz Sharif has asserted that steps are being taken to ensure public relief in the upcoming budget 2022-23, ARY News reported. The prime minister made these remarks during a meeting with Minister of State (MoS) for Finance Aisha Ghous Pasha in Lahore. During the meeting, PM Shehbaz was appreciative of the economic team’s efforts to stabilize the economy regardless of all the difficulties. “We have brought the economy out of difficult situation to stability,” he claimed. The premier recalled that a big relief package was given to the flood victims in the wake of unprecedented floods in the country. He said steps were being taken to ensure that the benefit of reduction in petroleum prices reaches the common man. Read More:  Secretary finance replaced ahead of Budget 2023-24 On the occasion, the Minister of State briefed the Prime Minister about the progress on the next budget, public relief and overall economic situation of the country. Earli...

The dates and venues for this year’s ODI World Cup in India will be revealed around the Test championship final, a top official said on Saturday. It remains unusual that a schedule has not been announced for the 50-over showpiece event expected to be held in October-November. How to accommodate Pakistan remains the main cause of delay. The Board of Control for Cricket in India (BCCI) is looking to work out a plan to play arch-rivals and Asia Cup hosts Pakistan at a neutral venue in September. Pakistan has threatened to boycott the World Cup in India if the cricketing powerhouse refuse to play the Asia Cup. India and Australia will face-off for Test cricket’s ultimate prize in the final between June 7-11 at the Oval, which is likely to be the venue of the World Cup announcement. “The venues for the ICC Cricket World Cup 2023 will be decided at a press conference during the ICC World Test Championship Final,” BCCI secretary Jay Shah said in a statement after a meeting on the eve ...

HYDERABAD: The Counter-Terrorism Department (CTD) on Saturday foiled a major terrorist attack in Hyderabad and arrested a suspected terrorist reportedly associated with outlawed Tehreek-e-Taliban Pakistan (TTP), ARY News reported. In a statement, the CTD said it carried out an intelligence-based operation (IBO) at Makki Shah Road in Hyderabad and arrested a suspected terrorist – identified as Taj alias Khalid alias Hafiz Pathan. The spokesperson, in the statement, said that the raiding team also received hand grenades and detonator rod from the possession of the arrested accused. “The accused used to prepare people for terrorism by inciting them”, the CTD said, adding that the suspected was also involved in the attack on Frontier Corps (FC) in Dogar Orakzai in 2012. “The terrorist was involved in the 2013 attack on an army check post in Ghiljo Orakzai”, the spokesperson added. Earlier in the day, it was reported that the Counter Terrorism Department (CTD) arrested 12 alleged terr...

KARACHI: Stock trading began on a lacklustre note on Friday as investors’ participation remained low owing to the country’s political turmoil. But trading activity rose substantially as the session resumed following the prayer break with the bears dominating the KSE-100 index, said Arif Habib Ltd. However, investors chose to add value to their portfolios during the final trading hour by cherry-picking stocks. Volumes climbed considerably from the previous close because of the end of the rollover week in which futures contracts are either settled or pushed over to the next month. The cement sector, in particular, remained in the limelight. As a result, the KSE-100 index settled at 40,964.54 points, down 65.14 points or 0.16 per cent from the preceding session. The overall trading volume increased 34.4pc to 168.5 million shares. The traded value went up 67.3pc to $23.8m on a day-on-day basis. Stocks contributing significantly to the traded volume included WorldCall Telecom Ltd (10....

KARACHI: Prime Minister Shehbaz Sharif on Friday sought support from business people to overcome multiple challenges and asked exporters to come up with innovative and unique ideas to boost exports. “Despite various challenges, we have very robust, very futuristic, and extremely hardworking entrepreneurs that have gradually built Pakistan’s export culture,” he said while speaking at a ceremony at a textile exhibition in Karachi. He said that with genuine government support combined with the entrepreneurs’ extraordinary intellect and hard work, the provision of quality export goods to foreign customers would be ensured. Welcoming foreign delegates, Mr Sharif said he was happy to learn that over 400 foreign delegates from 60 countries were visiting on the occasion showed Pakistan was a valuable destination for foreign guests, buyers and traders. He also appreciated the industrialists, exporters and experts who had contributed immensely to promoting Pakistan’s textile and leather expor...

KARACHI: Vowing to bring the perpetrators of May 9 violence to justice, Prime Minister Shahbaz Sharif said on Friday that no one should have any objections if the government punished these rioters under the law, the way the United States did to its citizens for storming the Capitol Hill building in 2021 . Addressing the groundbreaking ceremony of the much-delayed K-IV water supply project at the CM House, he said justice demanded that the rioters be punished like those who stormed Capitol Hill. “If that [American] punishment is legal, then no one should object if we do so under our law for the desecration of [the memorials of] our martyrs,” he added. The prime minister said politics of chaos culminated on May 9 in the form of the desecration of the memorials of the nation’s martyrs and ghazis and security installations. “Strings of the May 9 riots are being pulled abroad and the desecration of martyrs’ memorials and installations at the instigation of Imran Khan is the darkest chapt...

KARACHI: Sindh Health Department on Friday issued a warning for a possible heat wave in the province with the temperature likely to range between 44 and 50 degrees Celsius, ARY News reported. In a statement, the Sindh Health Department issued a warning for a possible heat wave during the month of June and outlined an action plan to make sure authorities are prepared. The department noted that temperatures across the world were continuously increasing due to climate change and Pakistan will also face the brunt of these temperatures. The statement pointed out that the heatwave in 2015 had taken 700 lives, so preparations would have to be made in advance. “The heat wave is expected to impact both urban and rural parts of Sindh with temperatures expected to stay between 44 and 46 degrees Celsius. However, the temperature could go up as far as 50 degrees,” it added. Read More: Met Office forecasts heatwave conditions in Pakistan’s South Senior citizens, children, policemen and people...