Govt set to introduce new law to fast-track CPEC projects
The draft law proposes abolishment of CEO position for CPEC Authority, reduction in the powers of CPEC Authority chairman in decision making, and an end to the authority’s powers to constitute a business council
World Bank assures Pakistan of continued assistance for reforms
ISLAMABAD: The World Bank (WB) has agreed to enhance assistance for Pakistan to support the ongoing reforms, besides balancing a mix between...
Punjab PDWP approves Rs3.2bn infrastructure projects
LAHORE: The Provincial Development Working Party (PDWP)-Punjab has approved five development schemes of various sectors at an estimated cost of Rs3,229.876 million.
These...
PTA lifts ban on TikTok, warns accounts posting obscene content will be blocked
ISLAMABAD: Pakistan Telecommunication Authority (PTA) on Monday lifted the ban on popular Chinese video-sharing service TikTok, with a caveat that accounts of...
KCCI contends number of taxpayers reduced to 2.4m due to coercion by authorities
KARACHI: Due to coercive nature of the regulatory regime, the number of taxpayers has shrunk from 2.8 million to 2.4 million in...
Foreign Direct Investment plunges 51pc YoY in Sept
KARACHI:Â Foreign direct investment (FDI) was recorded at $189 million in September 2020, compared to $384 million in September 2019, showing a decrease...
State Bank digitises forex-related operations
KARACHI: State Bank of Pakistan (SBP) Governor Dr Reza Baqir on Friday launched the SBP FX Regulatory Approval System (RAS) for end-to-end...
Punjab govt to share e-stamp, land ownership data with FBR
ISLAMABAD: The Federal Board of Revenue has signed a memorandum of understanding (MoU) with the Board of Revenue-Punjab under which the latter...
PM Imran inaugurates Pakistan’s first stent production facility
ISLAMABAD: Prime Minister Imran Khan on Friday inaugurated a mega stent production facility at the National University of Science and Technology (NUST)...
IT ministry, Microsoft discuss digital initiatives, avenues for collaboration
ISLAMABAD: The Ministry of Information Technology & Telecommunication and Microsoft, the world's leading software company, have discussed possible investment avenues to establish...
Pakistan, Saudi Arabia agree to enhance IT cooperation
ISLAMABAD: Pakistan and Saudi Arabia have agreed to enhance bilateral cooperation in the field of information technology (IT) and to continue close...
21,000 Roshan Digital Accounts opened; $24m received: PM
ISLAMABAD:Â Prime Minister Imran Khan said on Thursday that around 21,000 non-resident Pakistanis opened Roshan Digital Account remotely and sent $24 million with...
SBP reserves drop $356m to $11.79bn
The foreign exchange reserves held by the central bank declined 2.9pc on a weekly basis, according to data released by the State...
LHC asks govt to explain 262pc hike in drug prices
LAHORE: The Lahore High Court (LHC) on Thursday directed the federal government to submit a report explaining the rationale behind its move...
PM for making NOCs’ issuance to construction industry easy, transparent
ISLAMABAD: Prime Minister Imran Khan has directed the authorities concerned to make the process of issuance of no-objection certificate (NOC) in the...