PIA spokesman says blackbox recovered from Karachi plane crash site
--'Flight data recorder and cockpit voice recorder had been found late Friday, we are handing it over to the inquiry board'
--Authorities confirm...
PIA flight with 99 on board crashes in Karachi
--PIA Airbus A320 took off from Lahore and crashed into Karachi's Model Colony minutes before landing
--CAA officials cite 'technical problems' as reason...
Forensic probe accuses major sugar mills of market manipulation, fraud
–Shahzad Akbar says sugar mills operating like 'cartels', six major groups control 51pc supply
–JDW among mills accused of underreporting sales; Tareen denies...
ECC approves country’s first Mobile Device Manufacturing Policy
--Policy includes removal of regulatory duty, fixed sales tax on CKD/SKD manufacturing by PTA-approved manufactures
--Locally manufactured phones to be exempted from 4pc...
PM Imran seeks debt relief to pump money into health sector
–PM says several developing countries don’t have fiscal space to strengthen healthcare system due to debt-servicing
–Says govt decided to ease lockdown due to...
Pakistan, several other countries likely to get Paris Club debt relief
Pakistan and the number of countries to get Paris Club debt relief this year under a deal with the G20 is set...
Govt, WB sign $371m pacts for agri and social sectors
ISLAMABAD: The federal government on Monday struck two agreements worth $371 million with the World Bank to get the latter’s support in...
Govt projects -0.38pc GDP growth in FY20
Pakistan to witness negative GDP growth after 68 years
Supreme Court orders reopening of shopping malls across country
The Supreme Court of Pakistan on Monday ordered the reopening of shopping malls across the country.
A five-member bench of the Supreme Court...
Ignore SOPs and entire market will be shut down, govt warns traders
ISLAMABAD:Â The National Command and Operation Centre (NCOC) on Saturday warned the traders and shop owners that non-compliance of standard operating procedures (SOPs)...
Govt may reduce development budget to Rs530bn in FY21Â
ISLAMABAD: As the COVID-19 pandemic has left limited room for the government to spend on development projects, the Centre has planned to...
Pak-Afghan border opens for round the clock trade; businessmen hail decision
PESHAWAR: The government has announced the opening of Pak-Afghan border at Torkham and Chaman posts round the clock for six days per...
SBP slashes interest rate to 8pc as Covid-19 fallout hits economy
–SBP says virus has created ‘unique’ challenges for a monetary policy due to its non-economic origin
–MPC says inflation could fall further than...
Pakistani company to manufacture Remdesivir within 8 weeks: Dr Zafar
A Pakistani pharmaceutical company has concluded its voluntary licensing agreement with US pharmaceutical company Gilead for the manufacture and sale of Remdesivir.
Pakistan’s deficit and poverty rate to soar due to coronavirus
--As per estimates, poverty headcount will rise from 24.3pc to a base case of 29pc, and a worst-case scenario of 33.5pc
--At least...