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  • Majority of Pakistanis can’t make ends meet on current income, survey finds

    Majority of Pakistanis can’t make ends meet on current income, survey finds

    In a recent consumer-based study conducted by Pulse Consultant in Pakistan, concerning findings have emerged regarding the financial state of individuals across the country. The study, which encompassed 1,180+ respondents from the top 10 cities of Pakistan, aimed to understand the ability of individuals to meet their monthly expenses in relation to their current income. The results shed light on the economic challenges faced by a significant portion of the population.

    The study revealed that a staggering 60 per cent of respondents reported an inability to fulfill their monthly expenses with their existing income. This indicates a considerable strain on individuals’ finances, leading them to struggle to cover their essential needs. Among these respondents, both male and female participants voiced similar concerns, with 59 per cent of males and 68 per cent of females expressing difficulties in meeting their expenses.

    On the other hand, 40 per cent of the respondents claimed that their current income adequately covered their expenses. However, further analysis of this group revealed some noteworthy insights. Of those who reported their expenses were being met, only 28 per cent claimed to save money from their current income, while the remaining 72 per cent stated that they were unable to save any funds. Interestingly, female respondents seemed to face greater challenges in saving money, with 82 per cent of them reporting an inability to do so, compared to 71 per cent of their male counterparts.

    Among the 60 per cent of respondents who struggled to meet their expenses, several coping mechanisms emerged. For 37 per cent of them, borrowing money became a necessity to bridge the financial gap. Notably, a higher proportion of males (39 per cent) resorted to borrowing, compared to females (29 per cent).

    Additionally, 22 per cent of those facing financial difficulties reported engaging in additional part-time employment to supplement their income. This was more prevalent among males (39 per cent) who often bore the responsibility of supporting their families financially, compared to females (29 per cent).

    Moreover, 40 per cent of respondents stated that reducing expenditures became their only viable option. Nearly half of the women (46 per cent) reported resorting to this measure, while 38 per cent of men followed suit.

    The study’s findings paint a concerning picture of the financial landscape in Pakistan, with a significant portion of the population struggling to make ends meet. The inability to meet monthly expenses can lead to increased financial stress, limited access to basic necessities, and hindered economic growth for individuals and the nation as a whole.

    Addressing these challenges will require comprehensive efforts from both the government and private sector. Policymakers should focus on initiatives that promote economic growth, job creation, and income equality. Additionally, there is a need for financial literacy programs to empower individuals with the knowledge and skills necessary to manage their finances effectively and make informed decisions.

    Furthermore, it is crucial for employers to offer fair wages and employment opportunities that align with the needs of the population. By providing stable jobs and suitable remuneration, individuals can have a better chance of meeting their expenses and improving their overall financial well-being.

    Ultimately, the findings of this consumer-based study highlight the pressing need to address the financial struggles faced by a significant portion of the Pakistani population. Through concerted efforts and targeted interventions, it is possible to alleviate the burden of financial hardship and foster a more financially inclusive and prosperous society for all.

  • ‘Army Act ke tehat kaarwaayi hosakti hai, magar nahin honi chaahiye’: PTI’s Ali Zafar on May 9th protesters

    ‘Army Act ke tehat kaarwaayi hosakti hai, magar nahin honi chaahiye’: PTI’s Ali Zafar on May 9th protesters

    Pakistan Tehreek-e-Insaf’s Senator Barrister Ali Zafar while talking to media about the May 9 protests, said that only those protesters can be prosecuted under Army Act who have actually attacked any military installations, adding that they should not be charged under a “conspiracy theory.”

    The Barrister continued by saying that action against those who attacked Army installations can be taken under Army Act. However, it should not happen because the matter is a political issue, adding that fair trial can only be provided in civil courts.

    He also condemned the attacks on Corp Commander House and other military installations, adding that he had told PTI Chairman Imran Khan the same thing.

    Read more: PDM be warned: allow Army Act trials and some day military laws might be used against you too

    A Special Corps Commander Conference held on Monday at the General Headquarters (GHQ), presided by Chief of Army Staff General Asim Munir, decided that the planners, instigators, abettors and perpetrators of the attacks on military installations and buildings during the protests led by Pakistan Tehreek-e-Insaf (PTI) supporters will be tried under relevant Pakistani laws, including the Army Act and Official Secret Act.

  • ‘With respect, it’s from Pakistan’: Goher Mumtaz, Asim Azhar correct Amitabh Bachchan about viral video

    ‘With respect, it’s from Pakistan’: Goher Mumtaz, Asim Azhar correct Amitabh Bachchan about viral video

    Amitabh Bachchan shared a video on Instagram, showing a little boy with amazing cricket skills. Senior Bachchan praised the boy’s skills, noting that this meant that the future of Indian cricket was in safe hands.

    Well, tiny problem. The boy in the video is not Indian. He’s Pakistani. The video comes from Instagram user Raza Mahar, who shared videos of his toddler nephew playing cricket. In his bio, he mentions that he is from Sindh, Pakistan.

    Pakistani singers Asim Azhar and Goher Mumtaz offered clarification to Bachchan by commenting underneath his Instagram post.

    Mumtaz had written:

    “@amitabhbachchan sir, this kid is from pakistan, saw this a while ago through a Pakistani page with his ID, but future of cricket is in our hands if we agree to play in each other’s country Inshallah …btw, greatest fan of yours ”

    Azhar had written:

    “Dear sir, huge fan from !

    And like my friend @gohermumtazofficial mentioned this kid is from pakistan but you are definitely right on the part where the future is in safe hands for both the sides if we bring back the old days soon where we get to see both stars play on both sides ”

  • In aftermath of policeman opening fire on school van, psychological reviews to be conducted every 6 months

    In aftermath of policeman opening fire on school van, psychological reviews to be conducted every 6 months

    A police constable on Tuesday opened fire on a school van in Swat District, killing at least one student and injuring six others.

    The deceased was identified as seven-year-old Aisha.

    The suspect named Alam Khan was arrested on the spot with an FIR registering against him immediately. Alam Khan was posted on security duty of the school since the past three months. The suspect has admitted his crime in front of a court.

    The residents of the area staged a protest against the incident on Wednesday.

    Journalist Iftikhar Firdous has tweeted that after the tragic incident, the Home and Tribal Affairs Department of Khyber Pakhtunkhwa has ordered that psychological reviews of security guards be conducted every six months.

  • Asia Cup 2023: Bangladesh rejects Dubai as neutral venue proposed by Pakistan

    Pakistan Cricket Board (PCB) has proposed a hybrid model to Asian Cricket Council (ACC) as the best possible way to conduct the tournament amicably.

    The model initially proposed that India play their matches at a neutral venue and the rest of the teams come to Pakistan and play their matches, with a possible India vs. Pakistan final taking place at the neutral venue.

    Board of Control for Cricket in India (BCCI) has reportedly rejected the first hybrid model, prompting Pakistan Cricket Board (PCB) Chairman Najam Sethi to propose a revised version in which the first four matches will take place in Pakistan and then all the teams along with the men in green, move to the neutral venue.

    PCB told ACC and BCCI that they decide the neutral venue because they are the hosts.

    PCB wants Dubai or UAE to be the host of Asia Cup if the hybrid model is considered because the money gateways are clearer in Dubai rather than Sri Lanka or any other venue.

    Bangladesh and Sri Lankan boards have agreed to the hybrid model but Bangladesh Cricket Board (BCB) has observed that it’s too hot in Dubai so that’s why players are not agreeing to play in the desert city.

    “We have no issues if the tournament will be completely played in Pakistan, we have good bilateral relations with Pakistan and PCB, we are ready to come,” the board reported said, adding that they will be ok with Sri Lanka too.

    “The weather in UAE is not suitable for cricket and it will affect the health of players as we can not afford to take any risk specially ahead of World Cup 2023.”

    According to sources quoted by media, Pakistan will travel to India for the World Cup on the basis of some give and take if India agrees in writing that they will travel to Pakistan for the Champions Trophy.

  • ‘Mein tray le kar khara ho jaoon ga’: Vicky Kaushal refused to purchase expensive bar for wife Katrina Kaif

    Bollywood actor Vicky Kaushal and his iconic wife Katrina Kaif have been serving couple goals since their marriage. Although they are very private, small but significant revelations prove how these two are still head over heels in love with each other.

    According to Indian Express, Kaushal recently gave an interview while promoting his latest film ‘Zara Hatke Zara Bachke’ where he was asked about the dynamics he had with his wife at home. The actor revealed that unlike the ‘Ek Tha Tiger’ diva, he is more careful about spending on luxurious things.

    Kaushal narrated a funny discussion between the two about purchasing furniture. He was shocked by Kaif’s suggestion to buy a very pricey bar:

    “We have a lot of discussions about furniture at home. Like for example, Madam (Katrina) wants to have a bar at home. She sent me the bar she is thinking to buy, I saw that and thought ye bohot mehengi hai, main he tray leke kahada ho jauga but ye nahi aayega. This is worth my signing amount! So I said, no, this can’t happen.”

    A Twitter user shared the clip on their account and we agree with the rest, hum sab aik Vicky Kaushal deserve kartay hain.

    Kaushal was also asked a bizzare question about whether he would divorce Kaif if he found a better looking actress, to which the actor responded:

    “Sir, shaam ko ghar bhi jaana hai, aise tede-mede sawaal puch rahe ho, bachcha hu, abhi bada toh hone do! Itna khatarnaak sawaal pucha hai aapne.”

    After which he paused and said that he would be with Kaif for the next few lifetimes:

    “Sir, janmo-janmo tak.”

  • Pakistan reaffirms commitment to $6.5 billion IMF bailout, dismissing rumors of retraction

    Pakistan reaffirms commitment to $6.5 billion IMF bailout, dismissing rumors of retraction

    On Wednesday, Minister of State for Finance and Revenue, Dr Aisha Ghaus Pasha, dismissed rumours of Pakistan retracting from the anticipated $6.5 billion bailout programme with the International Monetary Fund (IMF).

    According to Geo, Pasha clarified that discussions were ongoing between the Federal Board of Revenue (FBR) and the Finance Division, emphasising that Pakistan remained engaged with the IMF. Speculation arose when reports suggested that Pakistan had taken a firm stance against the IMF and refused to share details of the upcoming budget.

    This led to concerns that the financially strained nation was reneging on the deal originally agreed upon by the Imran Khan-led Pakistan Tehreek-e-Insaf (PTI) government.

    Pasha expressed the government’s commitment to continuing the IMF programme, acknowledging the political sacrifices made by the coalition government to meet the Fund’s conditions. Negotiations with the IMF have been aimed at restarting the $6.5 billion bailout programme, which is crucial for Pakistan to avert default.

    During a meeting with journalists after the Senate Standing Committee on Finance, Pasha revealed that the coalition government would present its second budget in the first week of June, marking the second year since assuming power in April. The Finance Bill 2023-24 is scheduled to be presented in the National Assembly on June 9, while the Economic Survey 2022-23 will be released on June 8, according to sources.

    Assuring the public during the briefing, Pasha affirmed that the government would strive to alleviate the burden on the masses amidst these challenging times, as the budget figures were being finalized. However, she cautioned that the situation would remain difficult until the tax-to-GDP ratio reached double digits, emphasizing the necessity of expanding the tax base.

    The state minister disclosed the Ministry of Finance’s plan to transition from indirect taxes to direct taxes, stating that such a shift would reduce the burden on the general population. She reiterated the government’s intention to introduce direct taxes in the upcoming budget for the fiscal year 2023-24, expressing concern over the negative impact of tax concessions on the economy.

    Meanwhile, FBR Chairman Asim Ahmed briefed the committee on the capital value tax, disclosing that the revenue generated from this tax during the current financial year amounted to Rs9 billion.

    Addressing the concerns of senators regarding the implementation of capital valuation tax on domestic and foreign assets, Ahmed clarified that this measure aimed to include the wealthier individuals in the tax net. He also noted that the revenue board was registering new individuals with foreign assets while maintaining records of those already registered.

  • Islamabad High Court orders release of Shah Mahmood Qureshi

    Islamabad High Court orders release of Shah Mahmood Qureshi

    The Islamabad High Court (IHC) has issued an order for the release of senior Pakistan Tehreek-e-Insaf (PTI) leader Shah Mahmood Qureshi, and declared his arrest illegal under the Maintenance of Public Order (MPO) law.

    The orders were given by Justice Miangul Hassan Aurangzeb of the IHC while hearing a case pertaining to Qureshi’s arrest.

    The court instructed the PTI leader to produce an undertaking identical to the one provided by former state minister Ali Muhammad Khan when it issued his release orders.
    Following PTI chairman Imran Khan’s arrest in the Al-Qadir Trust case on

    May 9, several PTI leaders, including Qureshi, were detained for “inciting violent protests.

  • Montana becomes first US state to ban TikTok

    Montana becomes first US state to ban TikTok

    Montana has become the first state in the United States to impose a ban on the popular social media app TikTok. The state’s governor signed a legislation that forbids mobile application stores from providing access to the app within Montana starting from next year.

    This action is part of a series of measures taken by the US against TikTok, which is owned by the Chinese technology company ByteDance. Concerns have been raised about TikTok’s connections to China, amid fears that these ties could pose a threat to national security.

    The federal government, along with over half of US states, has already prohibited the use of the app on government devices. Furthermore, the Biden administration has issued a warning of a potential nationwide ban unless TikTok’s parent company divests its shares.

    TikTok has previously denied allegations of sharing user data with the Chinese government, asserting that it would refuse such requests. In response to the Montana bill, the company released a statement claiming that it infringes upon the First Amendment rights of Montana residents by unlawfully banning TikTok. They also expressed their intention to protect the rights of their users both within and outside the state.

    During a congressional hearing in March, TikTok’s CEO, Shou Zi Chew, was compelled to defend the company’s relationship with China. Lawmakers raised concerns about the app’s impact on the mental health of young people.

    TikTok boasts a user base of over 100 million in the United States, making it one of the most popular social networks globally. There are lingering questions regarding the enforcement and repercussions of such bans, particularly for creators who rely on the platform.

    Effective from January 1, Montana’s new law prohibits the downloading of TikTok within the state. It imposes a daily fine of $10,000 on any entity, whether it be an app store or TikTok itself, for every instance in which someone is provided the opportunity to access the app or download it. The penalties, however, do not apply to users.

  • PCB’s hybrid model under discussion as Pankaj Khimji and Jay Shah meet

    PCB’s hybrid model under discussion as Pankaj Khimji and Jay Shah meet

    After a strict warning from Pakistan Cricket Board (PCB) Chairman Najam Sethi, the Asian Cricket Council (ACC) is trying to find the best possible way to resolve the hosting matter for Asia Cup 2023.

    Najam Sethi warned ACC that Pakistan will stick to its stance if hosting rights will be compromised. More likely, Pakistan will boycott World Cup 2023 in India and will not play its matches in the arch-rival country, citing security concerns.

    After Sethi’s clear stance, ACC officials have now called a meeting. Jay Shah, President of ACC who is also secretary of Board of Control for Cricket in India (BCCI) will meet with the Vice-President ACC Pankaj Khimji today.

    The Pakistan Cricket Board (PCB) has offered to host the Asia Cup in two phases, first in Pakistan and the other at a neutral venue which is said to be decided mutually.

    Khimji will meet Shah to give him a briefing on the second option of the hybrid model. Moreover, Khimji will also share the details of his meeting with Najam Sethi with Shah.

    After Bangladesh and Sri Lanka agreed on the second hybrid model via email, as per sources, PCB is confident of a final decision by ACC very soon. The second option of the hybrid model is most likely to be accepted.

    ACC is also likely to call a meeting of board members by the end of this month.

    It must be noted that BCCI has refused to send their team to Pakistan for the Asia Cup, which is set to take place in September this year, and is keen on ensuring that the event is held at a neutral venue. However, the PCB is not interested in hosting the event outside Pakistan since it would affect its efforts with regards to the return of international cricket in the country.

    Despite being considered one of sport’s greatest rivalries, India and Pakistan have not met on home soil in any version of the game since 2012, and only play each other in multinational tournaments on neutral grounds.