Tag: Pakistan Tehreek-e-Insaf

International

Imran Khan demands independent inquiry into violence and attacks on military installations

May 17, 2023

Lahore: Pakistan's former prime minister Imran Khan Wednesday demanded an independent inquiry into the violence following his arrest last week ...

International

PTI ordered to handover ‘terrorists’ hiding in Imran’s Lahore residence in 24 hrs

May 17, 2023

Lahore: The interim government of Punjab province Wednesday gave a 24-hour deadline to the Pakistan Tehreek-e-Insaf (PTI) to hand over ...

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 ...

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Editorial

Gunman & Trump

April 29, 2026

Americans must have heaved a sigh of relief that a man rushing with a gun and firing shots at the...

April 28, 2026

Iran has made an intelligent move to send its Foreign Minister Abbas Araghchi to meet Russian President Vladimir Putin. The...

April 27, 2026

The latest projections by the International Monetary Fund (IMF) offer a sobering snapshot of India’s economic trajectory. As per IMF...

April 26, 2026

Aakar Patel A story under this headline was reported this month: ‘No Muslim name finds place in BJP’s Bengal list’....

Tag: Pakistan Tehreek-e-Insaf

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