Tag: Pakistan Tehreek-e-Insaf

International

Pak Army vows to try ‘spoilers’ involved in recent attacks on military installations

May 16, 2023

Islamabad: The Pakistan Army's top brass has vowed to bring to justice the "spoilers" involved in the recent attacks on ...

Home News

‘Good to see you Imran Khan’: Pak Chief Justice Bandial clarifies on criticism

May 16, 2023

Islamabad: Chief Justice of Pakistan Umar Ata Bandial, who was criticised by the ruling alliance for greeting former prime minister ...

International

Pak high court extends Imran Khan’s bails in two cases until June 8

May 16, 2023

Islamabad: A Pakistan high court Tuesday extended bails of former prime minister Imran Khan in two cases pertaining to inciting ...

Warrants against Imran Khan cancelled after day-long chaos

International

Imran Khan’s party to sue Pakistan’s anti-graft body for arresting him

May 15, 2023

Lahore: Former Prime Minister Imran Khan's party Pakistan Tehreek-e-Insaf has decided to file cases against the country's top graft buster ...

Home News

Imran Khan likely to appear before Lahore High Court Monday

May 14, 2023

Lahore: Pakistan's former prime minister Imran Khan is likely to appear before the Lahore High Court Monday in the cases ...

International

PM Shehbaz hits out at Opposition for pushing Pak to ‘destruction’

May 12, 2023

Islamabad: Describing former premier Imran Khan and his party as "liars", Pakistan Prime Minister Shehbaz Sharif Friday slammed the Opposition ...

Home News

Islamabad High Court grants two-week bail to Imran Khan in corruption case

May 12, 2023

Islamabad: A special bench of the Islamabad High Court (IHC) Friday granted bail to former Pakistan prime minister Imran Khan ...

Smuggling of US dollars to Afghanistan hurting Pakistan's economy Karachi: The Pakistani currency is under pressure owing to the ongoing political unrest in the country and the smuggling of US dollars to Afghanistan, media reports said on Tuesday. "Pakistan is currently dealing with problems on several fronts, the political crisis being the first and biggest one. The dollar crisis is also connected with it," Malik Bostan, the Chairman of the Exchange Companies Association of Pakistan (ECAP), said at a news conference, The News reported. About $2 billion goes to Afghanistan from Pakistan in the form of official and unofficial trade, misuse of Afghan transit trade, smuggling and through the borders, claimed Bostan, adding that these factors are burdening Pakistan's foreign exchange reserves. Currently, Pakistan's economy is suffering irreparable harm because of the Afghan transit trade, which has grown significantly. A significant portion of the dollars travelling from Pakistan to Afghanistan passes through the Afghan transit trade, and both Afghan and Pakistani traders are involved in this anti-national activity, he added, The News reported. To lower the import bill, the government imposed high duties on many luxury goods. "Our traders and importers thought that why should they pay a 200 per cent duty to the Pakistani government," Bostan said, adding that they operate a global network, accepting payments through hundi/hawala in Dubai, London, Europe, America, Saudi Arabia, and everywhere else. "They bring their items here in the name of Afghan transit, travelling from our port to Afghanistan and then returning to Pakistan in small trucks. Numerous importers from Pakistan who participate in this atrocious practice not only fail to pay import duties, which costs the national exchequer billions of rupees, but also prevent dollars from entering the country," he said. When the Afghan Taliban established a transition government in August 2021, the Pakistani rupee was trading at 155, the country's foreign exchange reserves were $22 billion, and its import bill was $4.5 billion. According to Bostan, today the rupee has fallen to almost 225 in the interbank market and 235 per dollar in the free market, The News reported. He claimed that every month, about $3 billion in remittances were sent to Pakistan. The remittance flows have now decreased to $2 billion. "Where does this monthly $1 billion go? Because we are paying remittances at 225 rupees for every dollar, this $1 billion per month has become the sight of Afghan transit. The hawala/hundi operators are giving those 270 for every dollar," Bostan said. IANS Pakistan, Afghanistan, economy

International

US dollar hits 300 rupees barrier amidst protests in cash-strapped Pakistan

May 11, 2023

Karachi: For the first time in Pakistan's history, the US dollar Thursday hit the 300 rupees barrier against the local ...

International

Imran Khan’s party denies involvement in violent clashes

May 11, 2023

Islamabad: Pakistan's main opposition party Thursday denied any involvement in the violent protests that erupted after the arrest of its ...

Protesting pti workers on the streets of Islamabad (Pic - IANS)

International

Senior PTI leaders arrested for inciting violence in Islamabad

May 11, 2023

Islamabad: Police in the Islamabad Capital Territory (ICT) Thursday said that Pakistan Tehreek-e-Insaf (PTI) leaders, including its Vice President Shah ...

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Editorial

Half A Loaf

December 24, 2025

European leaders did what they are known to be good at – a brand of diplomacy aimed at antagonizing neither...

December 23, 2025

Far-Right politics has claimed yet another South American country – Chile - with the recent victory of the ultraconservative lawyer,...

December 22, 2025

Bangladesh has once again been gripped by violent unrest fol lowing the death of youth leader Sharif Osman Hadi, deepen...

December 21, 2025

On December 17, Wayanad MP Priyanka Gandhi Vadra asked the Lok Sabha to send the Viksit Bharat - Guarantee For...

Tag: Pakistan Tehreek-e-Insaf

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