Ryanair acquires PIA’s Boeing-777 for cargo flights

KARACHI: Pakistan International Airlines (PIA) and Ireland’s Ryanair have signed an agreement under which the former will provide its Boeing-777 aircraft to...

Eight more trains to be privatised from Nov 12

LAHORE: Railways Minister Sheikh Rasheed Ahmad has said that eight more trains would be privatized from November 12th, while the “rail car...

Asad Umar hints at gas curtailment for industries this winter

HYDERABAD: Planning, Development and Special Initiatives Minister Asad Umar, while hinting at the curtailment of gas supply to industries in the coming...

FATF ‘recognises Pakistan’s efforts’ to fulfil action plan: MoF

ISLAMABAD: The Financial Action Task Force (FATF) has reviewed Pakistan’s progress on FATF action plan in its Plenary meeting on 23rd October 2020, and...

NAB initiates another inquiry against former NBP president

KARACHI: The National Accountability Bureau (NAB) has launched another inquiry against former National Bank of Pakistan (NBP) president Saeed Ahmed. A joint investigation...

‘Plan afoot to relaunch tram service in Karachi’ 

KARACHI: Karachi Administrator Iftikhar Ali Shalwani said on Friday that Turkey has offered to launch tram service in the port city and...

Pakistan Post directed to stop opening new savings accounts

ISLAMABAD: In order to comply with the requirements of the Financial Action Task Force (FATF), a supervisory board has directed the Pakistan Post...

Raoof Hasan appointed SAPM on information

ISLAMABAD: Prime Minister Imran Khan has appointed Raoof Hasan as his Special Assistant on Information and Broadcasting. According to a notification issued by...

Over 1.5 million people to get jobs through Punjab Rozgar Scheme: CM Buzdar

Punjab Chief Minister Sardar Usman Buzdar has said that more than 1.5 million needy people will get jobs through Punjab Rozgar Scheme,...

WB okays $304m for Punjab resource management programme

ISLAMABAD: The World Bank’s Board of Executive Directors on Friday approved $304 million in financing for Punjab Resource Improvement and Digital Effectiveness...

PM likely to announce energy relief for industrial sector

ISLAMABAD: As the government has added to the industrialists' problems by increasing the power tariff, PM Imran Khan may soon announce a...

Nestlé Pakistan posts Rs88.7bn revenue for 9M2020

Nestlé Pakistan Limited posted a revenue of Rs88.7 billion for the nine-months period ended September 2020, an increase of 1.9pc compared to...

Pakistan, Argentina agree to expand trade, political ties

ISLAMABAD: Pakistan and Argentina have agreed to expand bilateral trade by increasing the level of interaction at multiple levels. Both countries held the...

FATF keeps Pakistan on grey list

The Financial Action Task Force (FATF) has decided to keep Pakistan on its grey list until February 2021 despite complying successfully with...

PSX lands in green amid cautious trading

KARACHI: The Pakistan Stock Exchange witnessed a choppy session on Friday, as investors preferred to stay on the sidelines ahead of Financial Action...