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.
SECP re-elected to the IOSCO Board
The Securities and Exchange Commission of Pakistan (SECP) has been elected to the International Organization of Securities Commissions (IOSCO) Board for the fourth time for the 2018-2020 term.
Senate committee annoyed over bureaucracy ignoring its budget proposals
ISLAMABAD: Showing its serious concerns over the attitude of bureaucracy in various ministries especially in finance and planning, the Senate Standing Committee...
Haroon disregards calls for ‘economic urgency’ amid post-budget backlash
ISLAMABAD: Special Assistant to the Prime Minister on Revenue, Senator Haroon Akhtar Khan has hit out at the opposition for glossing over the...
Pakistan’s macroeconomic outlook, weak balance of trade, and current account deficit
LAHORE: As a country divided over its economic policies, embroiled in political infighting and flaky governance along with a longstanding trend of...
Govt validates decisions of I&I (IR) FBR by amending the sales tax Act
ISLAMABAD: Federal government has validated the decisions of the Directorate General (DG) of Intelligence and Investigation (I&I), Inland Revenue (IR), Federal Board of...
Funds of GHPL being used by PLL, PLTL, sources
ISLAMABAD: Billion rupees worth of funds of the Government Holding Private Limited (GHPL) are allegedly being used by Pakistan LNG Ltd (PLL) and...