Pakistan receives $1bn from Saudi Arabia, SBP confirms

KARACHI: Pakistan has received $1 billion from Saudi Arabia as part of the $3 billion pledged by the kingdom to Islamabad as...

CCP to proceed against PTCL for alleged market manipulation

PTCL had allegedly abused its dominant position for provision of DSL services through predatory pricing and refusal to deal KARACHI: The Competition Commission...

‘Deposit Rs100m in dam fund’, SC directs DG Cement in Katas Raj case

LAHORE: Concluding the Katas Raj case, the Supreme Court (SC) on Monday ordered DG Khan Cement Company Limited to deposit Rs100 million into...

‘Representatives of trade bodies to be selected on merit’

LAHORE: Special Assistant to Prime Minister on Overseas Pakistanis and Human Resource Development Syed Zulfiqar Abbas Bukhari has assured that the representatives of...

EAC sub-groups asked to implement NFIS recommendations

ISLAMABAD: Finance Minister Asad Umar on Saturday chaired a meeting of the Economic Advisory Council’s (EAC) sub-groups on National Financial Inclusion Strategy (NFIS)...

SECP chairman confesses to unlawful use of power

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) Chairman Tahir Mehmood has confessed taking advantage of his position and being involved in ‘secret...

‘Rs15,00bn transferred to Balochistan in ten years’

Information and Broadcasting Minister Fawad Chaudhry said on Saturday the government, during the last ten years, had transferred Rs1,500 billion to Balochistan...

Asad Umar says no plan to privatise ‘strategically important’ PSM, PIA

'Govt has given PSM management a 45-day ultimatum to come up with a comprehensive plan with regard to running the mill...

BISP officials yet to charge ghost beneficiaries responsible for losses

Department is run on taxpayers’ money, only 10 pc on loans, grants  Phase 2 of data sanity analysis left 125,714 cases unverified ...

NDU delegation briefed on water challenges, development projects

'Per capita water availability in Pakistan has come down from 5,650 cubic metres in 1951 to an alarming level of 908 cubic...

‘CPEC to act as a catalyst in Pakistan’s industrial, social development’

Envoy says PM Imran Khan's recent visit to China has added new impetus to the friendly bond between the two countries ISLAMABAD:...

Six DISCOs tasked to recover additional Rs83.2bn from consumers

Minister directs CEOs of distribution companies to eliminate electricity theft and take strict action against culprits without fear or favour ISLAMABAD: With a...

PR reduces fare of two trains to facilitate passengers

ISLAMABAD: Following the directives of Railways Minister Sheikh Rasheed Ahmed, Pakistan Railways has reduced the fares of Akbar Express and Bolan Mail by...

BOI formulating new strategy to attract foreign investment

'Board has devised a digital visa process for foreign investors, enabling them to acquire business visa in few weeks instead of six...

Govt appoints two commissioners at SECP

ISLAMABAD: Among the 260 candidates who applied for the slot of commissioners at Securities and Exchange Commission of Pakistan (SECP), the federal cabinet...