Author: Hasnain Abid Khanzada

Balochistan Chief Minister Sarfaraz Bugti stated that innocent citizens are being misled through false propaganda, emphasizing that the state has repeatedly played the role of a protective mother. In a press conference held in Quetta, he remarked, “We are taking measures for the higher education of Baloch girls. Our daughters are being pushed into the flames of war for the sake of dollars.” He expressed deep sorrow over the recent incident in Panjgur, stating, “It is extremely unfortunate, and we cannot condemn it enough.” He raised a poignant question: “How can we free Balochistan by killing Punjabis?” Chief Minister Bugti…

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Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur stated that those who have come to power through undemocratic means have destroyed the constitution. Speaking to the media outside the Peshawar High Court, he remarked that while bullets and violence may waste our time, they cannot change our goals. Gandapur mentioned that they are currently working on the 2017 Police Act, emphasizing that no one can misuse their power arbitrarily. He noted that under the caretaker government, the police have been tasked with responsibilities they did not wish to undertake, and they are collaborating with the Ministry of Interior and other departments…

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The Lahore High Court has annulled a circular issued by the Governor of Punjab regarding the eligibility criteria for appointing Vice Chancellors in the province’s public universities. Justice Abid Hussain Chatha of the Lahore High Court delivered a detailed verdict during the hearing of petitions filed by Dr. Shazia Arshad and others. The court’s ruling stated that the notification issued by the Governor of Punjab is contrary to the law. Each university operates under its own act, which outlines the appointment process for Vice Chancellors and Deans. The Governor cannot unilaterally establish a procedure and incorporate it into the act;…

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In the case concerning the interpretation of Article 63-A, Imran Khan’s lawyer, Ali Zafar, raised objections regarding the composition of the bench. The petition argues that the bench formed to hear the Article 63-A review case was not established under Section 2 of the Practice and Procedure Act. According to the amended Practice and Procedure Ordinance, a three-member committee should consist of the most senior judge of the Supreme Court and a judge nominated by the Chief Justice of Pakistan. The petition asserts that the Practice and Procedure Act mandates that three independent judges be responsible for making decisions regarding…

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The founder of Pakistan Tehreek-e-Insaf (PTI) and former Prime Minister Imran Khan, along with his wife Bushra Bibi, had their bail application rejected in the Toshakhana 2 case. The hearing for their bail application took place at Adiala Jail, presided over by Special Judge Central, Shah Rukh Arjumand. Prosecutor Zulfiqar Abbas Naqvi, representing the Federal Investigation Agency (FIA), appeared with his team, while Barrister Salman Safdar defended Imran Khan and Bushra Bibi. The prosecution argued that Imran Khan acquired a valuable set worth 70 million rupees from Saudi Arabia for only 2.9 million rupees. The prosecution’s lawyer stated that the…

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Islamabad: According to sources from the Federal Board of Revenue (FBR), an extension for the income tax return filing deadline is anticipated. The matter will be considered upon Prime Minister Shahbaz Sharif’s return to the country. In a statement, Saqib Rafiq, President of the Rawalpindi Chamber of Commerce, highlighted that the FBR’s system (IRIS) is under pressure due to a surge in filings. He noted that the recent weekend holidays have caused difficulties for filers in obtaining bank statements and other necessary documents. Additionally, protests by a political party in Rawalpindi, Islamabad, and other cities have further complicated the situation,…

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Karachi: To stimulate economic growth, enhance employment opportunities, promote sustainable development, and increase tax revenue, it is essential to boost lending to the private sector. Attracting the private sector towards borrowing necessitates a reduction in interest rates, and the government must take immediate steps to bring the rate down to between 10% and 12%. Pakistan’s economic indicators are improving, with inflation now at 9%, and interest rates having decreased from 22% to 17.5%. Factors such as a reduction in government investment bond rates, an increase in remittances, the privatization of Pakistan International Airlines (PIA), a decline in global crude oil…

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Islamabad: Following the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Islamabad Chamber of Commerce, and the All Pakistan Traders Association, the Rawalpindi Islamabad Tax Bar Association has also called for a one-month extension for filing income tax returns. The Tax Bar Association has written to Prime Minister Shahbaz Sharif, the Finance Minister, and the Chairman of the Federal Board of Revenue (FBR), requesting that the deadline for submitting tax returns be extended to October 31. According to the Tax Bar Association, extending the deadline by just 15 days would result in four public holidays, leaving fewer working days.…

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Karachi: Gold prices have decreased in both global and local markets. In the international bullion market, the price of gold per ounce fell by $4, bringing it down to $2,653. On the local front, in the goldsmith markets, the price of 24-karat gold per tola also saw a reduction of 500 PKR, settling at 275,500 PKR. Similarly, the price for 10 grams of gold dropped by 428 PKR, reaching 236,197 PKR. In contrast to the decline in gold prices, the price of silver per tola remained stable at 3,050 PKR, with the price for 10 grams of silver also holding…

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The Pakistan Stock Exchange (PSX) experienced a bearish trend on the first trading day of the week, with the benchmark KSE-100 index declining by 910 points. According to the PSX website, around 12:42 PM, the KSE-100 index fell to 80,381, marking a decrease of 910 points or 1.12%. However, by the end of the trading session, the index showed a slight recovery, closing at 81,114, which was down by 177 points or 0.22% from the previous day’s close of 81,292. Owais Ashraf, Director of Research at AKD Securities, noted significant selling pressure in two key stocks, Hub Power and Mari…

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