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PML-N government

Minister blasts PML-N for running country like ‘East India Company’

ISLAMABAD: Federal Minister of Information Fawad Chaudhry lambasted at the previous government of Pakistan Muslim League Nawaz (PML-N) for running the affairs of state like 'East India Company'. From the floor of National Assembly on Tuesday, Fawad Chaudhry severely criticized the policies of former PML-N government for burdening country with heavy loans and making all future generations indebted. The Minister underscored that the Punjab government requires eight billion rupees annually to run PML-N's Metro project.…

Budget deficit- Orders passed by Finance Ministry to block Government cheques

ISLAMABAD: The State Bank of Pakistan (SBP) & the Accountant General of Pakistan Revenue (AGPR) are ordered by the Finance Ministry to wedge clearance of all government issued cheques, as budget discrepancy in last year of PML-N government is of around Rs2.4 trillion, marking a new record in the history. According to sources, the finance Ministry has passed clear instructions to the State Bank of Pakistan (SBP), so that the message can be conveyed to National Bank of Pakistan (NBP) and then further be announced to all…

Rupee hits extreme low record of 125 against US dollar

LAHORE: The rupee is on the mode of continuous depreciation against the US dollar, the drop is at extreme level of 125 against the greenback in the open market on Wednesday. In the meantime, the dollar weakened by Rs0.33 in the interbank market trading at Rs121.40, after climbing to Rs121.73 earlier. The US dollar hit a record high of Rs121 in interbank trading on Monday. This is the third devaluation by the State Bank of Pakistan (SBP) since December and the hike comes among increasing economic pressure and conjecture of a…

Imran Khan’s statements threat for joint opposition: Khurshid Shah

ISLAMABAD: Reacting to Pakistan Tehreek-e-Insaf chairman Imran Khan’s warning that it was now PPP co-chairman Asif Ali Zardari’s turn to face accountability, Leader of the Opposition in the National Assembly Syed Khurshid Shah said on Monday that the PTI chairman’s statement could endanger joint opposition. Khurshid Shah advised the PTI leadership to teach the party chairman politics. “His statements can trigger strong reaction, endangering the opposition parties alliance as we are trying to strengthen the alliance."…

Federal government fails to give time frame for population census

ISLAMABAD: Despite repeated orders by the Supreme Court of Pakistan, the Pakistan Muslim League-Nawaz (PML-N) government in the centre failed in providing a definitive time frame on Friday for holding the much-needed headcount in the country. Ever since the top court took a suo motu notice of the delay for the last almost eight years in the conduct of the population census, it has never been impressed with the government’s reasoning for the delay in conducting the population census. “If the government is not willing to…