In the first month of the current fiscal year, the growth momentum was driven by the production side of the economy, reflected in the exports and imports of goods and services, says the Monthly Economic Outlook, (MEO) released by the Ministry of Finance (MoF) on July 28. However, the MEO report warns that transition to higher economic growth could build …

Keeping the exchange rate stable during this fiscal year is apparently a challenge. In July, the first month of 2021-22, the rupee lost 3.2 per cent of its value against the US dollar and in the first five days of August, it weakened further by another 0.5pc. The rupee’s decline is primarily due to the structural weakness of Pakistan’s balance …

MUZAFFARABAD: A police constable, accused of sexually harassing two female students in Bagh district of Azad Jammu and Kashmir (AJK), was arrested on Sunday, a day after a first information report (FIR) was registered against him. The suspect, a constable of district police in Bagh, was fleeing to Pakistan in a public transport vehicle when police busted him near Gujjar …

LAHORE: Poor maintenance of a rail joint is the prime cause of two passenger trains crash near Dehrki in June last which left 67 people dead, says an inquiry conducted by the Federal Government Inspector of Railways (FGIR). Submitted to the Ministry of Railways, the inquiry held more than 20 officials, including the divisional superintendent of the Railways Sukkar division, …

ISLAMABAD: Chief Justice of the Sindh High Court (SHC) Justice Ahmed Ali M. Sheikh through his letter of Aug 5 to the Judicial Commission of Pakistan (JCP) dispelled the impression that he had at any stage either agreed or accorded consent to attending sittings of the Supreme Court as an ad hoc judge, it emerged on Sunday. Presided over by …

ISLAMABAD: Pakistan has formally conveyed to Afghanistan that it had thoroughly investigated the matter of alleged abduction of the daughter of the Afghan ambassador from Islamabad on July 16 and found that the complainant had not fully reported the incident. A delegation from Afghanistan visited Islamabad in connection with the reported complaint of the Afghan ambassador’s daughter Silsila Alikhil. During …

LAHORE: The PML-N has announced resisting the arrest of party president Shehbaz Sharif by the Federal Investigation Agency (FIA). Speaking at a joint press conference, Punjab party leaders Ataullah Tarar and Azma Bukhari said that unlike in the past at no cost Shehbaz Sharif would be allowed to be detained and if the FIA attempted to do so its offices …

TEHRAN: Iran’s new President Ebrahim Raisi on Sunday named the chairman of a powerful state-owned foundation sanctioned by the United States as his first vice-president, the president’s official website said. Mohammad Mokhber, long rumoured by local media to be top pick for the position, has for years headed the foundation known as Setad, or the Execution of Imam Khomeini’s order, …

Meghan Markle’s half-brother Thomas Markle Jr. said she will ruin Prince Harry’s life in his upcoming appearance in Australia’s Big Brother VIP.   Slamming the Duchess in the show’s first teaser, Thomas said Meghan is ‘shallow.’ Taking digs at her, Thomas introduces himself saying, “I’m Meghan Markle’s brother. I’m the biggest brother of them all.” Then, speaking directly to the camera, …

Dwayne Johnson has made it clear that he will not be a part of a certain trend that has stirred up Hollywood. The Jungle Cruise star shared his thoughts on the widely discussed topic of showering and insisted that he cleans himself every day without fail. His comment comes after celebrities like Ashton Kutcher, Kristen Bell, and Jake Gyllenhaal shared that they …