Pakistan to remain on FATF grey list till June

PARIS: Pakistan will remain on the Financial Action Task Force (FATF) grey list for another four months. According to a handout issued by the...

FBR overlooking serious flaws in track & trace award process

ISLAMABAD: The Federal Board of Revenue (FBR) has allegedly committed several irregularities while evaluating applicants’ profiles for installation of the Track and...

Govt secures $1.1bn from ITFC for oil, gas imports

Economic Affairs Minister Makhdum Khusro Bakhtyar on Wednesday witnessed the signing of International Islamic Trade Finance Corporation (ITFC) Annual Financing Plan 2021...

PAC seeks two-year performance audit of Utility Stores Corp

ISLAMABAD: The Public Accounts Committee (PAC) on Wednesday ordered a two-year performance audit of the Utility Stores Corporation (USC). The direction came after...

Wastage of flare gas causing massive losses to national exchequer

ISLAMABAD: Flare gas is currently being burnt in the air at various field sites of the country as the Oil and Gas...

PM inaugurates sports complex in Sri Lanka

Prime Minister Imran Khan, who is in Colombo on a two-day official visit, tweeted on Wednesday that he inaugurated Sri Lanka’s High...

NEPRA announces tariff relief for nuclear power plants

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has reduced the Return on Equity (RoE) of three nuclear power generation plants from...

Circular debt to reach Rs2.8tr in next four months, NA panel told

Circular debt was recorded at Rs2.3tr in December 2020, as compared to Rs1.1tr in June 2018

Confusion over EV registration process irks importers

ISLAMABAD: While the government has issued a presidential ordinance for early implementation of the Electric Vehicle (EV) policy, registration of vehicles is still...

NAB recovers land worth Rs21bn through plea bargain in fake accounts case

In a major development, the National Accountability Bureau (NAB) on Tuesday approved a plea bargain of Rs21 billion from an accused involved...

Govt urged to revive sick industrial units to create jobs

KARACHI: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has urged the government to pay special attention to the rehabilitation...

Industrial use of electricity up 17pc in Jan: minister

ISLAMABAD: Power Division Minister Omar Ayub Khan revealed on Tuesday that the industrial use of electricity witnessed about 17 per cent increase...

Punjab PDWP okays Rs11.24bn for eight health projects

LAHORE: The Provincial Development Working Party (PDWP)-Punjab has approved eight development schemes related to the primary & secondary healthcare sector at an estimated...

Provinces directed to ensure sale of chicken, eggs at affordable rates

ISLAMABAD: Finance and Revenue Minister Dr Abdul Hafeez Shaikh has directed the provincial governments to take corrective measures and ensure supply of...

Foreign investment drops 12pc to $192m in January

Foreign Direct Investment (FDI) into the country declined 12.27 per cent or $27 million in January 2021 as compared to the same...