ISLAMABAD: Renowned economist Dr. Kaiser Bengali resigned from three key government committees focused on expenditure reduction and institutional rightsizing. Bengali’s resignation comes amid concerns about Pakistan’s economic stability, which he described as being “on a ventilator” due to escalating debts and approaching destruction. Bengali, who had been serving on committees established by the Pakistan Muslim League-Nawaz (PML-N) led coalition government to address the economic crisis, submitted his resignation to Finance Minister Senator Muhammad Aurangzeb and Cabinet Division Secretary Kamran Ali Afzal. His departure aligns with the government’s ongoing efforts to manage the economic downturn through austerity, rightsizing, and the privatization…
Author: Sajjad Ali
Sajjad Ali is ‘Online Web Editor of Khyber News. He is a journalist by profession and working in field for the last ten years. Previously he worked for national media organizations including ‘The Nation’ Daily Pakistan Today, Khyber News. He also worked in media development sector. He can be reached at sajjad.sovereign@gmail.com
PESHAWAR: Pakistan Army’s Lt Col Khalid Ameer and three of his relatives, who were abducted by militants in Dera Ismail Khan on Thursday, have been safely returned home. According to officials, Lt Col Ameer was at a mosque in the Kulachi area of Dera Ismail Khan to receive mourners after his father’s funeral. On Thursday, 12 to 15 armed men on motorbikes stormed the mosque and kidnapped Ameer along with his three brothers. One of the brothers is a lieutenant colonel, another serves as an assistant commissioner at a Cantonment Board, and the third works for the National Database and…
The federal government announced on Saturday a reduction in petroleum product prices, effective immediately. Under the new pricing structure, there are modest decreases across various fuel types, offering some relief amid the rising cost of living. Petrol prices have been cut by Rs 1.86 per litre, now standing at Rs 259.10 per litre. High-speed diesel has been reduced by Rs 3.32 per litre, with the new price at Rs 262.75 per litre. Kerosene oil prices have also decreased, with the new rate set at Rs 169.62 per litre. Light diesel oil (LDO) has seen a reduction of Rs 2.97 per…
A helicopter being airlifted from Kedarnath to Gauchar in Uttarakhand by an Indian Air Force MI-17 chopper crashed this morning, according to officials. The private helicopter went down near the Mandakini River in Lincholi, but fortunately, there were no injuries reported. The incident was captured on video. The helicopter was being transported to the Gauchar airstrip for repairs with the help of the MI-17 aircraft. However, the MI-17 began to lose balance due to the combined weight of the helicopter and strong winds, leading the pilot to drop the helicopter in a vacant area near Tharu camp, as explained by…
PESHAWAR: The Khyber Pakhtunkhwa Health Department has confirmed Pakistan’s third case of mpox, a virus related to monkeypox, in a 51-year-old man who recently returned from abroad. The patient, a resident of Peshawar, was identified during routine airport screening and was promptly transferred to the Police Services Hospital after showing symptoms. Dr. Irshad, the director of public health in Khyber Pakhtunkhwa, reported that the patient’s condition is stable, and he is currently receiving treatment. This case represents the third confirmed instance of mpox in Khyber Pakhtunkhwa this year, raising concerns about the virus’s spread in the region. The provincial Health…
The United Nations will persist in engaging with all parties in Afghanistan, including the Taliban, while advocating for human rights and equality, said the UN spokesperson. This commitment follows the Taliban’s rejection of U.N. criticism regarding a newly enacted strict morality law and their threat to stop cooperating with the U.N. Assistance Mission in Afghanistan (UNAMA). Earlier, the Taliban announced they would no longer work with UNAMA after the mission condemned the new law as a “distressing vision” for Afghanistan’s future. U.N. spokesperson Stéphane Dujarric said that the organization will “continue to engage with all stakeholders in Afghanistan, including the…
Goldman Sachs is set to cut several hundred jobs as part of its annual performance review process, according to a source familiar with the matter. This move marks a return to performance-based job reductions, which were paused for two years during the COVID-19 pandemic. The bank’s spokesperson stated to Reuters, “Our annual talent reviews are routine and customary. We anticipate a larger workforce at Goldman Sachs in 2024 compared to 2023.” In the previous year, such reviews led to job losses for 1% to 5% of employees. Historically, the extent of cuts under Goldman’s strategic resource assessments has varied with…
Pakistan continued their batting against Bangladesh on the second day of the second Test match, reaching 99 runs for the loss of one wicket by the lunch break. Saim Ayub is currently on 43, while captain Shaan Masood has scored 53, with both batsmen still at the crease. Abdullah Shafique was dismissed for a duck, bowled out by Taskin Ahmed, who has taken the only wicket to fall so far. A total of 25 overs were bowled before the lunch interval. Bangladesh leads the series 1-0. On Saturday, they won the toss and opted to field, a decision that Pakistani…
ISLAMABADL The Federal Board of Revenue (FBR) is facing a significant shortfall in tax collection for August, missing its target by Rs113 billion. Sources within the FBR reveal that the authority collected Rs785 billion over the 30 days of August, against a target of Rs898 billion. However, the FBR remains optimistic that revenue collection on the final day of the month might reduce the overall shortfall. Final data for August’s revenue collection will be available on Monday. In contrast, the FBR exceeded its target for the first month of the financial year in July, collecting Rs659.2 billion against a target…
RAWALPINDI: At least five terrorists were killed in operations carried out by security forces in different areas of Balochistan. In a statement issued by the Inter-Service Public Relations (ISPR) Department of the Pakistan Army, it was said that security forces killed five terrorists in Balochistan’s Kech, Panjgur, and Zhob districts in Intelligence-Based Operations (IBO). ISPR said that three terrorists were also injured in heavy firing in last night’s operations. The spokesman Pakistan Army said that these successful operations against terrorists were carried out in the background of terrorist incidents in Balochistan on August 26. It is pertinent to note that…
