New Delhi, June 28 (IANS) Political tensions are surfacing in Pakistan between leaders from Sindh and the Federal government over the lack of investment in Karachi, the country’s largest commercial hub, that is being turned into an unlivable city, according to a report.Senior Sindh Minister Sharjeel Inam Memon sharply criticised Pakistan’s federal government for what he calls a “low priority” approach toward Karachi, the article in the Ceylon Wire News said, observing that his statements und…
Latest Federal government News & Updates
New Delhi, June 27 (IANS) Pakistan is projected to face a sharp decline in one of its largest sources of non-tax revenue, with profit transfers from the State Bank of Pakistan (SBP) to the federal government expected to fall by nearly 41 per cent in FY27 as easing inflation and lower interest rates reduce the central bank’s earnings, according to a report.According to an analysis by Pakistan Observer, the SBP’s profit transfer is estimated to decline to PKR 1.44 trillion in FY27 from PKR 2.43 tr…
New Delhi, June 12 (IANS) Cracks have started appearing in the edifice that is the hybrid plus regime running Pakistan these days, as per an article in the local media.The hunger for revenues and foreign exchange is rising while the economy remains stuck in a low-growth phase. And now that hunger has reached the halls of politics and tested the coalition upon which the government’s majority in parliament stands, the article in the Dawn said.The run-up to this budget now sees peak stability rub…
Washington, May 1 (IANS) US President Donald Trump signed an executive order aimed at overhauling federal contracting practices by shifting towards fixed-price agreements, a move the administration says will reduce waste and curb cost overruns.White House Staff Secretary Will Scharf said many government contracts currently operate under a “cost plus” system.“Many federal contracts currently operate on a cost plus basis… leads to cost overruns, and costs the federal government a lot of mo…
Washington, April 30 (IANS) A Trump administration task force has released a report alleging widespread anti-Christian bias across the federal government during the presidency of Joe Biden, citing law enforcement actions, regulatory policies, and workplace practices. The report, coordinated by the Justice Department and based on findings from 17 agencies, says the Biden administration’s policies and actions “demonstrated anti-Christian bias” and burdened religious freedom.“No American sh…
New Delhi, Feb 24 (IANS) Pakistan’s economy is in dire straits as inequality and poverty are rising, while the Federal government is close to bankruptcy, according to an article in the Pakistani media.The article in the Karachi-based Business Recorder pitches for export-led growth as the way ahead to uplift the masses by creating economic opportunities, along with a drastic overhaul of governance in public service delivery, especially in education.It notes that political parties refuse to devolv…