Abraaj re-organises structure, appoints new leadership

KARACHI: Private equity fund Abraaj Group, Friday announced broad changes to the firm’s governance and operating model and the appointment of a new leadership...

FPCCI appoints Muhammad Kamran Saleem as Takaful Standing Committee Chairman

KARACHI: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has appointed Pak-Qatar Takaful Group (PQTG) Chief Financial Officer (CFO) and...

Ministry of Planning, Development and Reform releases funds for development projects

ISLAMABAD: Ministry of Planning, Development and Reform Spokesman Asim Khan has highlighted that the ministry has released fund for development projects during...

PTA’s member enforcement assures adherence to PM’s directions

ISLAMABAD: Pakistan Telecommunication Authority (PTA) member enforcement has finally assured the Prime Minister (PM) that his directions regarding the exercise of PTA...

Fiscal deficit widens to 2.2pc in first six months

ISLAMABAD: The debt-ridden government of Pakistan spent Rs 796.3 billion, which is 2.2 per cent of the nation’s GDP, more than it...

Government to sell PIA’s minority share of 49pc by April 15

ISLAMABAD: While the opposition parties are concerned about the mode of government in privatisation of Pakistan International Airline (PIA) just ahead of...

Government realises need to devolve education, health to districts: Ahsan Iqbal

ISLAMABAD: Planning, Development and Reform Federal Minister Ahsan Iqbal has maintained that the government while devising an action plan for the implementation...

SWIFT makes headlines as hackers steal $6mn from Russian bank

MAGNITOGORSK: Unknown hackers stole 339.5 million roubles ($6 million) from a Russian bank last year in an attack using the SWIFT international...

Market Daily: KSE 100 breaks 43,000 psychological barrier, gains 684.75 points

LAHORE: After two turbulent sessions at Pakistan Stock Exchange (PSX), just when it looked like things were going to fall apart, they...

NTDC fined Rs10mn for delaying projects

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Rs 10 million on M/s National Transmission and Despatch Company...

CCP issues show cause notices to Diamond paints, dealers for entering cartel agreement

ISLAMABAD: The Competition Commission of Pakistan (CCP) has issued Show Cause Notices to Diamond Paints Industries (Pvt.) Ltd. and its dealers for...

Govt to evolve comprehensive STPF -2018-23 for increasing country’s trade

ISLAMABAD: Ministry of Commerce and Textile Industry Federal Secretary Muhammad Younas Dhaga on Wednesday said that it was a priority of the...

Chief Secretaries cannot be made member of ECC: Senate told

ISLAMABAD: Parliamentary Affairs Minister Aftab Ahmed Sheikh on Wednesday apprised the Senate that under rules of business chief secretaries of the provinces...

NA body approves PSDP proposals, projects worth Rs8.455bn

ISLAMABAD: The National Assembly's Standing Committee on Finance and Revenue Wednesday approved the allocation of Rs 2.3 billion for its eight development...

MoIP proposes 55 developmental projects for PSDP 2018-19

ISLAMABAD: Ministry of Industries and Production has proposed 55 new projects for funding under Public Sector Development Programme (PSDP) 2018-19 in order...