The paradox of Pakistan’s bureaucracy
Sweeping the dirt of financial discrepancies under the carpet of red tape is a money-making scheme as old as the bureaucracy itself
As caretakers step in, contractors get short-end of stick on development projects
PESHAWAR: Funds worth Rs 50 billion that are owed to contractors in Khyber Pakhtunkhwa have been halted by the caretaker government after...
Showdown starts as IMF talks set to conclude
Lahore/Islamabad: As finance minister Miftah Ismail attempts to repair the damage done to talks between Pakistan and the International Monetary Fund (IMF),...
Chief Secretary Punjab orders deflation
Transportation fares and prices of essential food items to be reduced in line with reduction in petrol prices, smuggling of wheat and fertiliser to be curbed.
ECC to consider technical supplementary grant for helicopter maintenance
ISLAMABAD: A meeting of the federal cabinet’s Economic Coordination Committee (ECC) scheduled to be held on Wednesday is set to consider five...
Senate committee rejects tax on bread, other eatables
ISLAMABAD: The Senate Standing Committee on Finance, Revenue and Economic Affairs on Monday rejected the imposition of tax on eatables including naan,...
Govt mulling granting citizenship to foreign investors
ISLAMABAD: The Government of Pakistan (GoP) is considering granting residency/citizenship to those foreigners who bring investment in the country.
According to reliable...
Govt likely to appoint Khurram Agha as petroleum secretary
ISLAMABAD: The federal government is likely to appoint Khurram Agha as petroleum secretary, it was learnt on Friday.
Sources said that former Gilgit-Baltistan chief...
Punjab tightens noose around travel agencies
A day after promulgating two ordinances related to food security in the province, Punjab Governor Chaudhry Muhammad Sarwar has promulgated two more...
WB to provide $1.3bn for Pakistan’s social sector development
World Bank, Pakistan sign seven project agreements to support govt’s initiatives in social protection, disaster & climate risk management, infrastructural uplift, agriculture & food security and human capital development
Bears return to PSX as KSE-100 loses 204 points
KARACHI: Bears dominated Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 index failing to sustain early gains, plunging nearly 300...
SHC stops crackdown against sugar mills
ISLAMABAD: The Sindh High Court (SHC) has granted relief to three sugar mills in suspected benami transaction inquiries.
As per details, Deharki, Al...
SBP issues revised markup subsidy for low-cost house financing
KARACHI: The State Bank of Pakistan (SBP) on Thursday issued instructions to the banks for implementation of the revised mark-up subsidy approved...
KP govt proposes 40 development schemes under PSDP 2021-22
PESHAWAR: Khyber Pakhtunkhwa Chief Minister Mahmood Khan on Thursday directed the departments concerned to expedite work on ongoing development projects under the...
Pakistan, Hungary launch online platform to boost trade links
ISLMAMABAD: Pakistan and Hungary have launched a trade and economic window to boost their commercial and economic linkages.
Foreign Minister Shah Mahmood Qureshi and...