Govt contacts UAE for recovery of illegal wealth amassed by Pakistanis

Prime Minister's Special Assistant on Accountability Shehzad Akbar on Saturday met with United Arab Emirates Justice Minister Sultan Saeed Al Badi and...

Sh Rasheed vows to make Pakistan Railways profitable

Minister says the number of freight trains will increase from 8 to 12 by March next year PESHAWAR: Railways Minister Sheikh Rasheed Ahmad claimed...

Govt to introduce advanced metering infrastructure to control power theft

ISLAMABAD: Minister for Energy (Power Division) Omar Ayub Khan said on Saturday that an advanced metering infrastructure (AMI) system would be introduced and...

PIB likely to commence operations by June next year

ISLAMABAD: Pakistan Infrastructure Bank (PIB) is likely to commence operations by the mid of next year, it was learnt on Friday. Sources said that...

Fiscal deficit widens 1.4pc in first quarter of FY19

ISLAMABAD: Pakistan’s fiscal deficit has widened to 1.4 per cent of the gross domestic product (GDP) during the first quarter of Financial Year...

Bank accounts mandatory for those going abroad  

ISLAMABAD: In order to stop money laundering and to increase remittances, the government has decided to make the opening of bank accounts mandatory...

KCCI to help facilitate ‘genuine’ affectees of anti-encroachment drive

KARACHI: Karachi Chamber of Commerce and Industry President Junaid Esmail Makda has advised the aggrieved affectees of the ongoing anti-encroachment drive in the...

Pakistan on course to finalize new anti-money laundering law

Under the SECP’s AML regime, the financial institutions in Pakistan are required to report suspicious transactions, currency transactions and fulfil record-keeping requirements, said Ms Habib

Four more trains to be inaugurated on Friday

ISLAMABAD: The railways' ministry will start four more trains from Friday to facilitate the passengers of different cities of the country which would...

PIA takes action against employees involved in money laundering

'PIA has successfully migrated from SABRE to next-generation PSS' ISLAMABAD: The Pakistan International Airlines (PIA) has taken action against two of its employees...

Govt facilitating, not harassing, taxpayers: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has said that the government has facilitated the taxpayers by providing them with a one-time...

NEPRA jacks up power tariff by 47 paisa per unit

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Thursday approved a raise of 47 paisa per unit in the tariff of all power...

ECC allows import of cotton from Afghanistan

Commerce ministry asked to establish a permanent quarantine facility for cotton that is imported through land route Committee approves Rs1bn for...

Austrian companies keen to undertake Mohmand and Dassu projects

ISLAMABAD: Austrian Ambassador to Pakistan Nicolaus Keller called on Federal Power Division Minister Omer Ayub Khan on Thursday to discuss matters relating to...

France urged to finance clean energy production, tourism in Pakistan

ISLAMABAD: Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar on Thursday appreciated the role of the French Development Agency (AFD), saying that France...