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  • PAKISTAN
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    China FM says Palestinian factions agree to set up reconciliation government

    Calls grow to shift UNGA session to Geneva after Trump administration refused visas to Palestinian President

    Nepal Prime Minister quits as anti-corruption protests spiral

    Nepal Prime Minister quits as anti-corruption protests spiral

    “Indus Echoes” Announces Release Dates for Hyderabad, Larkana

    “Indus Echoes” Announces Release Dates for Hyderabad, Larkana

    Israeli civilian shot dead Palestinian man in West Bank

    Israel claims 40% control of Gaza

    Indonesia: Earthquake shakes island Java killed 44

    Death toll in Afghanistan earthquake reaches 1400

    International Rescuers to reach Afghan quake survivors

    Afghanistan earthquake kills 622 with more than 1,500 injured

    Israel suffers worst combat losses since October, 10 soldiers killed in ambush

    Two Israeli soldiers killed, 13 injured, four missing

    Trump-Zelensky clash in Oval Office shouting match

    US approves $825 mn missile sale to Ukraine

    Trump says US to set up food centers in Gaza to address ‘real starvation’

    Gaza at ‘breaking point’, says UN food agency chief

  • BUSINESS
    Pakistan imports 450000 metric tons wheat from Russia

    Wheat price slashed in Karachi

    FBR introduces new law mandating NOC for property transactions

    FBR reports 16pc rise in monthly tax collection for August

    Relief Activities would continue for two years, Ahsan Iqbal

    Severe flooding in Punjab poses threat to Pakistan’s economy

    Govt notifies major amendments in pension rules

    EOBI pensioners to receive 15pc increase

    Petrol prices likely to increase up to Rs13 per litre

    Govt likely to drop petrol prices

    Utility stores passes subsidy removal burden to poor

    ECC okays Rs30.2bn grant for Utility Stores Corporation closure

    Nepra uncovers serious irregularities in billing, meter readings

    ECC approves major relief for power consumers

    IMF reaches staff-level agreement with Pakistan on final review of $3bn SBA

    IMF suggests insurance cover for losses in natural calamities

    Prime Minister launches URAAN Pakistan program

    PM launches 10 million digital wallets for BISP beneficiaries

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    Logan Paul, Nina Agdal addresses split rumours weeks after their marriage

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    “Indus Echoes” Announces Release Dates for Hyderabad, Larkana

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    Shahid Kapoor reveals why he chose to take ‘outside route’ to Bollywood

    Shahid Kapoor reveals his Sunday rituals

    Here’s truth behind viral photo of Sidharth Malhotra & Kiara Advani’s daughter

    Here’s truth behind viral photo of Sidharth Malhotra & Kiara Advani’s daughter

    Indian actor-singer Anjali Raghav quits industry after accusing co-star of inappropriate touch

    Indian actor-singer Anjali Raghav quits industry after accusing co-star of inappropriate touch

    Maya Ali opens up about marriage ideas

    Maya Ali opens up about marriage ideas

    Salman Khan not able to sleep since Baba’s death, zeeshan Siddique

    Mumbai Crime Branch Nabs 27th Suspect in Baba Siddique case

    Aiman Khan, Muneeb Butt blessed with a baby girl

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Home EDITORS PICK

Pakistanis may be sent to help run affairs in Afghanistan: Shaukat Tarin

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ISLAMABAD: Finance Minister Shaukat Tarin Thursday announced that trade with Afghanistan will be carried out in Pakistani currency as Kabul is facing shortage of dollars.

The decision was taken during a meeting of the Senate Standing Committee on Finance chaired by Senator Senator Talha Mehmood.

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Tarin told the Senate committee that the government has decided to trade with Afghanistan in Pakistani currency, instead of dollars. 

He maintained that Afghanistan is facing shortage of dollars as the International Monetary Fund (IMF) and the World Bank have seized its reserves after the Taliban’s takeover of the country. He maintained that they were monitoring the situation on a daily basis.

Speaking on the occasion, the finance minister said, “People could be sent from Pakistan to run various affairs in Afghanistan.”

Tarin termed food prices the biggest issue of Pakistan and said that the current account deficit has been increasing since April. 

The finance minister told the senators that Pakistan received $450 million from the Asian Development for procurement of COVID-19 vaccines. 

He vowed to take the country’s GDP growth to 4.8% during the current fiscal year.

Indian hackers targeted FBR’s system

The finance minister revealed that Indian hackers had targeted the database of the Federal Board of Revenue (FBR) a few days back.

Shaukat Tarin told the Senate Standing Committee on Finance that FBR’s system was also hacked by the Indians in 2019. The finance minister said that the FBR’s system is being updated.

‘Afghan reserves in US won’t be accessible to Taliban’

Earlier on August 17, a US administration official Monday had said that the Taliban will be denied access to any Afghan reserves held in US accounts.

“Any Central Bank assets the Afghan government has in the United States will not be made available to the Taliban,” the US official told AFP, adding that the US forces were evacuating Afghanistan’s capital after the Taliban’s swift takeover.

According to the IMF, the central bank’s gross reserves totalled $9.4 billion at the end of April. But most of those funds are held outside of Afghanistan, according to a person familiar with the matter. It was not immediately clear what share of the assets are held in the United States.

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