Country needs 8pc growth to create required jobs for growing population
Pakistan’s population currently has a huge youth bulge. Almost two-thirds of the population is under the age of 16, a large proportion of which will be entering the job market in the near future.
MoF adopts 42 budget recommendations, sends 108 proposals to planning
The government has adopted 42 recommendations of the Senate in the budget fully or partially, meanwhile 108 suggestions mostly related to the development sector, have been forwarded to Ministry of Planning and Development for incorporation.
Miftah Ismail allegedly pressurized former MD PLTL to resign
Incumbent Finance Minister Miftah Ismail has allegedly instructed Pakistan LNG Terminal Limited (PLTL) former managing director Azam Soofi to resign from his post apparently to save Pakistan Gas Port Consortium Limited (PGPCL) from a $40 million penalty.
SBP adheres to SHC order, invites KASB shareholders to register complaints
KASB was sold for a mere Rs1000, while Sindh High Court termed SBP’s role in the BankIslami-KASB merger as a “breach of statutory duty.”
SECP chief appointed on recommendation of Ishaq Dar
KARACHI: The appointment of Shaukat Hussain as new chairman of Securities and Exchange Commission of Pakistan (SECP) was made on the recommendation...
Rs659.5 bn released for development projects under PSDP 2017-18
ISLAMABAD: The government has released over Rs659.5 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes...
Pakistan to secure another $2 bn from China to support reserves
ISLAMABAD: As the depletion of reserves continue, the government has planned to secure another $2 billion through the agreed short-term loan of...
Abraaj’s reputation nosedives over allegation of misused funds
Abraaj has seen a wave of investments get sidelined, a shake-up of its top management, talks of divestment of its investment arm collapse and questions over misuse of funds by leading investors like Melinda Gates Foundation continue
Who has the right to our data?
How a lack of data protection legislation in Pakistan is hurting users and gives them no recourse to legal action in event of a data breach like the one that happened at Careem
Data Security – issue of morality, business ethics, or inept governance?
In the murky world of numbers and big data, Pakistan, must not lag behind.
AGP unearths massive corruption in accounts of WAPDA, Ministry of Water Resources
ISLAMABAD: The Auditor General of Pakistan (AGP) has unearthed misuse of public funds to the tune of billions in the accounts of...
Senate presents 77 recommendations to NA over Budget 2018-19
The Senate on Wednesday recommended some 77 proposals to the National Assembly including the increase in petroleum development levy which may be restricted to an increase of 25 per cent over the existing rates, along with tax rates on individuals to be increased.
NA panel criticises government for not increasing cigarette prices
“It is unfortunate that recommendations were made by the committee and the state minister had assured to abolish the third tier on cigarettes – but it did not happen in the budget” PANAH Dr Wajid Ali said.
Senate panel finalises proposals for Finance Bill-2018
Income Tax exemption up to Rs1.2 million annual income approved. Senate body rejects levy on petroleum, tobacco and mobile phone sets. Also rejects removal of third-tier slab on cigarettes.
PM Abassi assures Gwadar, Chahbahar ports are not in competition
The prime minister said Gwadar and Iranian port of Chahbahar are not in competition but would complement each other.