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Is Ishaq Dar resigning?

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Minister for Finance and Revenue Senator Mohammad Ishaq Dar — who is under severe criticism over the worsening of the economic situation and dwindling forex reserves — said on Friday that he is going to conduct a press conference at 04:10pm.

While leaving the Parliament, a journalist asked the finance minister whether he was resigning from his post to which he responded with a smile saying: “Do you have any problem with my work?”

He was also asked what is the government’s strategy amid the current economic condition of the country to which he simply said: “I am going to conduct a press conference at 04:10pm.”

A journalist also asked whether there was any truth to claims made by former Federal Board of Revenue (FBR) chairman Shabbar Zaidi that he was resigning. 

“What did Zaidi do to the country? Zaidi should have been behind bars over refunding of billions of rupees,” said the finance minister — who took charge in September last year. 

On Thursday, the rupee slumped by nearly Rs19 against the US dollar ahead of the central bank’s off-cycle monetary policy review and concerns over a stalled deal with the International Monetary Fund (IMF). 

The finance minister had assured that Pakistan would strike a staff-level agreement (SLA) with IMF next week as the negotiations were about to conclude, further adding that “the economy is headed in the right direction and blamed miscreants for spreading rumours about Pakistan’s possible default.”

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Chief of the Brazilian Navy Visits JS Headquarters: CJCSC General Sahir Shamshad Mirza Greets Dignitary

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At Joint Staff Headquarters, Rawalpindi, General Sahir Shamshad Mirza, Chairman of the Joint Chiefs of Staff Committee, was called by Brazilian Navy Chief of Staff Admiral Andre Luiz Silva Lima De Santana Mendes.

Maritime security, the developing security environment, and the improvement of security and defense cooperation between the two nations were among the bilateral topics that were covered during the discussion.

The dignitary in attendance expressed admiration for the professionalism exhibited by the Pakistan Armed Forces and praised the efforts made by both Pakistan and the Pakistan Armed Forces to combat terrorism.

Earlier, the visiting dignitary was given a “Guard of Honor” by a well-groomed Tri-Services contingent upon their arrival at Joint Staff Headquarters.

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SIFC Transforms Agriculture: PM Introduces $197 Million Solar Project for Balochistan Tubewells

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The Special Investment Facilitation Council and Prime Minister Shehbaz Sharif have collaborated to present a significant project. The project is expected to cost more than 197 million dollars and will solarize 27,000 agricultural tubewells in Balochistan.

By reducing the agriculture sector’s reliance on fossil fuels and conventional electricity, this project seeks to advance sustainable energy practices.

The project aims to improve the environmental sustainability and efficiency of the sector by switching to solar energy.

Highlighting the project’s financial advantages, he said that Pakistan would be able to save as much as 2.7 million dollars in foreign exchange through the solarization of its tubewells.

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CDA Issues A Rain Alert Per Naqvi’s Order

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Capital Development Authority Chairman Muhammad Ali Randhawa has been instructed by Federal Interior Minister Mohsin Naqvi to oversee the completion of rainwater drainage in the Federal Capital.

The Interior Minister spoke with him and advised that officers and workers in question stay in the field until the procedure was finished, as well as that regular checks be made to ensure that water drains from low-lying regions.

To make sure that water drains at underpasses and other locations, he ordered routine surveillance of Islamabad’s streams, drains, and canals.

He asserted that in order to facilitate traffic flow, traffic police officers should carry out their tasks in a dynamic way.

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