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KARACHI: The Pakistan Meteorological Department (PMD) on Thursday forecast pre-monsoon rains with dust thunderstorm in upper and central regions of the country from June 25 to 30. According to the PMD, under the influence of moist weather condition, rain and wind-thundershower with isolated heavy falls are expected in the upper and central regions. The areas forecast to receive rain with occasional breaks include Islamabad, Rawalpindi, Murree, Galliyat, Attock, Chakwal, Jhelum, Azad Kashmir, Gilgit-Baltistan, Chitral, Swat, Mansehra, Kohistan, Abbottabad, Haripur, Peshawar, Mardan, Swabi, Nowshera, Kurram, Bannu, Lakki Marwat, Kohat, Mianwali, Sargodha, Hafizabad, Mandi Bahauddin, Sialkot, Narowal, Lahore, Gujranwala, Gujrat, Sheikhupura, Faisalabad, Jhang and Toba Tek Singh. Meanwhile, Sukkur, Jacobabad and Larkana may receive rains and wind-thundershowers from June 27 to 28. Published in Dawn, June 23rd, 2023 from The Dawn News - Home https://ift.tt/HwXfuoS

LAHORE: PTI chief Imran Khan, his wife, Bushra Bibi, and three others nominated in the May 9 riots case reportedly skipped an appearance before a joint investigation team (JIT) here on Wednesday. Headed by Lahore DIG (investigation) Kamran Adil, the JIT had issued summons for 7pm on Wednesday. He had directed the SPs of Civil Lines and Model Town divisions to ensure the presence of the accused, including Imran Khan, Bushra Bibi, Hammad Azhar, Hassan Niazi and Murad Saeed, at the DIG investigation office. Earlier, a team of the Lahore police had also visited the PTI chief’s residence and intimated the security staff there about the summons issued by the JIT. An official source said the JIT members waited at the DIG office but no one from the accused came there to appear before the team. LHC grants interim protective bail to PTI chief in Quetta lawyer’s murder case He said the JIT head had informed the higher authorities that the accused didn’t join the investigation. Protective ...

• SFIC to focus on leveraging key sectors, attract investment from friendly countries • PM says body’s immediate task will be to boost FDI to $5bn • Arrives in Paris to attend two-day summit on new global financial pact ISLAMABAD: The government has set up a new body to frame economic policies that “ensure policy predictability, continuity and effective implementation to revive the economy”, Prime Minister Shehbaz Sharif said on Wednesday as he stressed the need for “creative ideas” to solve economic problems. The new forum, the Special Investment Facilitation Council (SIFC), will serve as a top decision-making body to push through fundamental reforms in the economy’s structure, the premier tweeted. It would focus on “leveraging key sectors such as IT, agriculture, energy, minerals and mining, and defence production”, he said. Later in the day, PM Shehbaz arrived in Paris to attend an international conference for a new global financial pact. A key goal of the SIFC, he said, was ...

The share of university-educated professionals leaving the country for greener pastures increased from 1.2pc in 2011 to 6.5pc in 2023. KARACHI: Novelist Mohsin Hamid was taken aback by the fact that his co-passengers on a recent connecting flight from Istanbul to Bologna, a city in northern Italy, included about 30 people from Lahore, predominantly young men going to Europe apparently as labourers. The author of acclaimed novels like The Reluctant Fund­amentalist and How to Get Filthy Rich in Rising Asia used this little anecdote to drive home his point about the rising number of Pakistanis from both ends of the education spectrum moving overseas to find work. Talking to Dr Ali Khan, dean of the Mushtaq Ahmad Gurmani School for Humanities and Social Sciences at the Lahore University of Management Sciences, in a podcast organised by the Consortium for Development Policy Research, Mr Hamid said the latest wave of emigration is fuelled by an “incredible level of inflation” and unc...

)PESHAWAR: The caretaker government in Khy­ber Pakhtunkhwa has unveiled a spending plan of Rs462.4 billion for the first four months (July to October) of the coming fiscal year. It plans to spend roug­hly a quarter of the total outlay on development projects and, in line with the federal budget, raised salaries by up to 35 per cent and pensions by 17.5pc. With total expenditure of Rs462.4bn and revenue of Rs442.6bn, the four-month budget estimates a deficit of Rs19.8bn. The chief minister’s ad­v­iser on finance and ene­rgy, Himayatullah Mayar, presented the salient features of authorised expenditure at a press conference at the Civil Secretariat’s cabinet room on Tuesday. Under the July-October spending plan, Rs350.4bn has been allocated for current expenditure, including Rs 309.5bn for settled districts and Rs40.5bn for merged districts, formerly called the Federally Admi­n­istered Tribal Areas (Fata). Revenue projected at Rs443bn; salaries, pensions raised in line with feder...

KARACHI: Stock prices tumbled on Monday on negative macroeconomic triggers as the representative index of the Pakistan Stock Exchange dropped below the psychological level of 41,000 points. Topline Securities said the “bloodbath” was caused by selling headwinds after a gap of almost eight weeks. It attributed the selling spree to the calendar of the International Monetary Fund’s Executive Board, which didn’t have Pakistan as its agenda item until Jun 30, which is the expiry date of the currently stalled loan programme. Institutional selling triggered after the IMF calendar-related development and thus dented the sentiments of investors broadly, it added. Arif Habib Ltd said the KSE-100 index opened in the green on the news about the Chinese loan rollover. But bears made a comeback later, pulling share prices down in view of the stalled IMF loan programme. Investors’ involvement was sluggish, with third-tier equities dominating the volume board, it added. As a result, the KSE-100 i...

ISLAMABAD: Textile and clothing exports contracted by 14.72 per cent year-on-year to $15.03 billion during the first 11 months of the outgoing fiscal year. The decline in production is mainly attributable to a surge in the cost of production and a liquidity crunch, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. The export figures for May paint a bleak picture as they witnessed a sharp decline of 19.57pc to $1.32bn from $1.64bn in the corresponding month of the previous year. The government is facing an uphill battle in meeting its export target, which could further exacerbate the strain on the country’s depleting foreign exchange reserves. The textile and clothing sector, a key contributor to exports, is grappling with multiple challenges. These include soaring energy costs, delayed refunds, scarcity of raw materials, and a global decline in demand, despite the significant depreciation of the local currency. The combination of these factors is impe...