Business community urges govt to upgrade Lahore’s drainage system before upcoming monsoon
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the Punjab government and concerned departments to upgrade drainage systems at...
Govt devises strategy to restrict use of foreign satellite systems
ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government has decided to restrict/prohibit use of foreign satellite systems and devised a strategy to promote use...
Planning Commission approves $20m Covid response project
‘With this approval, the total amount of funds awarded by PC for Covid-19 Emergency Plan has now reached $613m'
Pakistan signs $2.4bn agreement for 1,124MW Kohala Hydropower Project
ISLAMABAD: A tripartite agreement was signed on Thursday between a Chinese company and the governments of Pakistan and China for the construction...
Revenue Division asked to clarify corruption allegations on FBR
ISLAMABAD: The Senate on Thursday asked the Revenue Division secretary as well as the Federal Board of Revenue (FBR) to submit details...
FBR directs officers to return reward money
ISLAMABAD: The Federal Board of Revenue (FBR) has directed 42 of its officers to return the stipends, incentives and awards granted to...
SBP reserves fall below $10bn
KARACHI: The net foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $146 million to $9.961 billion during...
PIA to ground nearly 150 pilots facing inquiry over dubious licences
KARACHI: The Pakistan International Airlines (PIA) will be grounding nearly 150 out of its 426 pilots, amid an inquiry that they hold “dubious”...
BOI launches e-portals to facilitate local, foreign investors
ISLAMABAD: The Board of Investment (BOI) on Thursday launched three online portals including Electronic Joint Venture (EJV), Branch Liaison Management Information System...
Government releases Rs6.2bn for textile industry to resolve liquidity issues, encourage exports
LAHORE: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Thursday announced the release of an additional grant...
Business community demands extension in FBR’s Asset Declaration Scheme till August 31
LAHORE: The Lahore Chamber of Commerce and Industry LCCI has urged the Federal Board of Revenue to extend the last date for...
Covid cut: SBP slashes interest rate to 7pc
--This is the fifth rate cut since coronavirus pandemic hit the global economy, with total reduction being 625bps in the last 100...
Pakistan pilot licence irregularities are ‘serious lapse’: IATA
PARIS: Irregularities found in pilot licences at Pakistan International Airlines (PIA) represent a “serious lapse” in safety controls, global airlines body International...
Board position of PM’s Digital Adviser raises conflict of interest questions
ISLAMABAD: The Digital Pakistan Foundation (DPF), a company recently registered under the Securities and Exchange Commission of Pakistan (SECP) as a non-profit...
SBP sells Rs112bn worth of PIBs
KARACHI: The State Bank of Pakistan (SBP) has raised Rs112 billion through the sale of Pakistan Investment Bonds (PIBs), according to a...