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Pakistan’s Inflation Crisis: A Battle for Economic Stability

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4 mn readTo meet the terms and conditions set by the International Monetary Fund (IMF) and boost the country’s revenue, Pakistan’s current interim government took a gallant step by imposing super taxes on electricity and petroleum prices. However, this decision ignited nationwide protests, with lawyers, traders, and members of civil society taking to the streets in anti-inflation demonstrations. The situation became so dire that people resorted to burning their electricity bills, unable to bear the mounting costs.

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Supreme Court of Pakistan Nullifies Controversial NAB Amendments: Impact and Implications

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4 mn readThe Supreme Court of Pakistan confirmed former Prime Minister Imran Khan’s petition as admissible against the amendments in the National Accountability Bureau (NAB) Ordinance and nullified the amendments that were promulgated by the previous government of PDM. Imran Khan declared the Federation and NAB as parties in his petition against the amendment of NAB rules. A three-member bench headed by Chief Justice of Pakistan Justice Umar Atta Bandial pronounced this decision by a majority of two to one, while Justice Mansoor Ali Shah, who was part of this bench, wrote a dissenting note disagreeing with this decision. The Supreme Court said in its verdict that all the courts including NAB should decide on sending the pending cases to the competent courts in a week.

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Forging Futures: The UAP Railway Project’s Ambitious Journey to Connect Uzbekistan, Afghanistan, and Pakistan

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4 mn readUzbekistan, Afghanistan, and Pakistan (UAP) signed an agreement during a tripartite meeting in Islamabad in July, under which railway tracks will be laid from the Afghan city of Mazar-e-Sharif to Pakistan, which will facilitate imports to Central Asian countries.

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Decade of Partnership: China-Pakistan Economic Corridor (CPEC) Marks 10 Years of Transformation

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3 mn readTo commemorate the 10 years of China Pakistan Economic Corridor, Chinese President Xi Jinping’s Special Representative and Deputy Prime Minister He Lifeng visited Islamabad from 30th July to 01 August. Federal Ministers Mr. Ahsan Iqbal and Mr. Rana Sanaullah welcomed the Chinese Deputy Prime Minister and Chinese delegation including 4 ministers.

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Imran Khan’s Arrest: Political Turmoil and Legal Controversies Unfold

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4 mn readThe Islamabad District and Session Court sentenced former PM Imran Khan to three years in prison in the Tosha Khana (Gift House) case, after which the Chairman PTI was arrested from his residence in Zaman Park Lahore and shifted to Attock Jail. The court decision was announced on Saturday, August 05, 2023. PTI leader and former federal minister Mr. Zulfi Bukhari and Imran Khan’s lawyer Mr. Ali Ijaz have confirmed his transfer to Attock Jail.

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IMF Approves $3 Billion to Prevent Pakistan’s Default

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4 mn readPakistan and the International Monetary Fund (IMF) have signed a $3 billion staff-level standby agreement. According to a press release issued by the IMF, the agreement is expected to be approved by its Executive Board in mid-July. This stand-by agreement will help Pakistan to stabilize its economy, which is currently under external pressure. Pakistan has taken several steps in the last few weeks to revive the IMF program. Apart from the decisions to collect additional taxes in the budget, Prime Minister Mr. Shehbaz Sharif also contacted the top officials of the IMF.

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Titanic Titan and Pakistanis

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4 mn readOn June 18, 2023, the submarine of the American tourism company Ocean Gate exploded in the deep sea, killing five people on board, and the incident occurred in the Northern Atlantic Ocean about 400 nautical miles (740 km) off the coast of Newfoundland, Canada. The submarine, which was on a sightseeing tour to view the wreck of the Titanic, is believed to have exploded due to seawater pressure, killing all five people instantly, two of them were Pakistanis.