ISLAMABAD: The present government is taking the agenda of gender development and equality as a national priority, a senior official said on Saturday. Chairing a high-level meeting, Federal Minister for Planning Development and Special Initiatives Asad Umar said the final gender roadmap is a key product emerging from months’ long nationwide iterative consultations engaging the … Read more
LAHORE: Punjab Health Minister Dr Yasmin Rashid urged doctors to provide “safe treatment” to patients in healthcare facilities at a seminar organised at Fatima Jinnah Medical University in connection with the World Patient Safety Day 2021 on Friday. Present on the occasion were Vice Chancellor Fatima Jinnah Medical University Professor Amir Zaman Khan, Focal Person … Read more
ISLAMABAD: Owing to prudent fiscal policies and strict financial discipline, Pakistan’s economy is shifting from consolidation to growth, a senior government official said on Thursday. During a virtual meeting with Armida Salsiah Alisjahbana, executive secretary of the United Nations Economic and Social Commission for Asia and Pacific (UNESCAP) at the Finance Division, Federal Finance and … Read more
KARACHI: The Pakistan equity market witnessed selling pressure on account of weak sentiments, amid volatility in the rupee/dollar parity, dealers said. Ahsan Mehanti at Arif Habib Corp said that the stocks closed lower on investors’ concerns over foreign outflows, amid MSCI downgrade and slump in the rupee value. “[The] surging circular debt, likely raise in … Read more
ISLAMABAD: The National Logistics Cell (NLC) has become the first logistics organisation that took initiatives of commercial regional trade and by the end of September 2021, its convoy with Pakistani goods will be moving to Turkey and Azerbaijan via Iran, an official said on Wednesday. This was stated during the 64th meeting of the National … Read more
Federal Investigation Agency (FIA) Peshawar on Wednesday arrested a suspect involved in preparing fake travel documents for Afghanistan. According to Deputy Director FIA Peshawar Aftab Butt, it was observed that for the past few weeks Pakistani citizens were going to Afghanistan through Torkham Boarder on fake documents. He added that the Pakistanis were travelling by … Read more
LAHORE: To counter rising crimes of harassment and violence against women in Lahore, police have set up An Anti-Harassment and Violence Cell (AHVC) to ensure prompt registration of cases and investigation in every such case. Capital City Police Officer Lahore Additional IG Ghulam Mahmood Dogar on Tuesday inaugurated the first Women Harassment and Violence Cell … Read more
LAHORE: Punjab Minister for Law and Cooperatives Raja Basharat on Tuesday chaired the first meeting of the committee formed to oversee the Shan-i- Rehmatul-Lil-Alameen celebrations at the Civil Secretariat in Lahore. The committee, which was formed on the directives of Chief Minister Usman Buzdar, deliberated on the arrangements for the celebrations that will be held … Read more
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has recommended an increase of Rs10.50 and Re1 in the prices of high-speed diesel and motor spirit, respectively, In a fortnightly summary sent to the Ministry of Finance, the regulatory authority suggested a hike in the prices of kerosene and light-diesel oil by Rs5.50/ litre each. If … Read more
KARACHI: The equity market nosedived on Tuesday, amid uncertainty over the rupee depreciation and the upcoming monetary policy, dealers said. An analyst at Arif Habib Limited said the market tumbled mainly as a result of redemptions at the mutual funds’ end. “On the other hand, negative news triggers on slippage of [the] rupee parity with … Read more
KARACHI: The Pakistan international Airlines (PIA) has acquired two A320 aircraft; and the first aircraft reached Islamabad on Tuesday morning, while the second aircraft is expected to arrive in a couple of weeks’, a statement said. PIA had issued a tender for the acquisition of aircraft on lease. These two aircraft have been acquired on … Read more
ISLAMABAD: Adnan Afridi, managing director of the National Investment Trust Limited called on Finance Minister Shaukat Tarin and commended the ongoing developments in the macro policy framework, as it helped stimulate significant growth in the asset management industry; whereby, the total assets under management (AUMs) crossed Rs1 trillion-mark in the outgoing fiscal year, posting a … Read more
ISLAMABAD: The Competition Commission of Pakistan (CCP) has found that two leading tractor manufacturers, Millat Tractors Ltd (MTL) and Al-Ghazi Tractors Ltd (AGTL), are prima facie abusing their dominant position in violation of Section 3 of the act and have entered into prohibited agreement (Cartelisation) in violation of Section 4 of the act. The commission … Read more
KARACHI: The Pakistan Stock Exchange (PSX) has been awarded the Best Islamic Stock Exchange Award 2021 by the Global Islamic Finance Awards (GIFA), a statement said on Tuesday. GIFA is an internationally respected platform, recognising excellence in banking and finance in the Islamic world. Since 2011, the awards have been presented to individuals, institutions and government … Read more
RAWALPINDI: Rawalpindi Development Authority Chairman Tariq Mehmood Murtaza on Tuesday directed officials to complete the long-delayed RDA housing scheme. The chairman, while reviewing a meeting, directed officials to provide relief to the general public. He said that the masses should know about Building and Zoning Regulations 2020 and illegal housing schemes. “This is a big … Read more
KABUL: Da Afghanistan Bank (DBA) on Sunday said the central bank has so far not received any formal notification concerning freezing of its assets. “So far, Da Afghanistan Bank has not received any formal notification pertaining to the freezing of monetary reserves of this bank and the bank has been informed of it through the … Read more
KARACHI: D G Khan Cement has declared a final cash dividend of Re1 for the year ended June 30, 2021, as the company posted a net profit of Rs4.09 billion, translating into the earnings per share (EPS) of Rs8.96. D G Khan Cement had posted a net loss of Rs2.22 billion and the loss per … Read more
KARACHI: Supernet (SNL), a subsidiary of Telecard Limited, has announced to offer 18.343 million shares to the public by way of Initial Public Offering (IPO) at the Pakistan Stock Exchange, a bourse filing said on Tuesday. “SNL is offering its shares to the existing shareholders in proportion to their holdings, which shall be renounced by … Read more
South Korea’s antitrust watchdog fined Google nearly $180 million on Tuesday for abusing its dominance in the mobile operating systems and app markets, it said, the latest in a series of regulatory moves against tech giants around the world. The penalty came weeks after South Korea passed a law banning major app store operators such … Read more
BEIJING: In a concerted effort to grapple with the worsening food losses and waster and ensure global food security, officials and experts from various countries, including Pakistan and international organisations gathered at the International Conference on Food Loss and Waster (ICFLW), held at the China’s eastern city of Jinan. In a video speech to the … Read more
KARACHI: Engro Enfrashare, a wholly-owned subsidiary of Engro Corporation, has entered into an Islamic syndicate arrangement amounting to Rs4.50 billion, led by Meezan Bank and Faysal Bank, a statement said on Tuesday. The proceeds raised through this Islamic syndication would be utilised to finance the development of tower sites for various mobile network operators (MNOs) … Read more
BEIJING: As China-Pakistan Economic Corridor (CPEC) has entered the second phase, the new energy cooperation between Pakistan, Asean countries and China will still play an important role under the frame, said Badar uz Zaman, commercial counsellor of the Embassy of Pakistan in China. At the 70th Anniversary of the Establishment of Diplomatic Relations between China … Read more
ISLAMABAD: The government pays special attention to the agriculture sector because 70 per cent of the population is dependent on it, while 45 per cent of the employment is generated in the same sector. Addressing the oath-taking ceremony, Federal Minister for National Food Security and Research, Syed Fakhar Imam said that the government has increased the development … Read more
ISLAMABAD: Prime Minister Imran Khan has said that the government would extend utmost assistance to the foreign investors and expressed confidence that the Chinese investment in Pakistan would open up immense employment opportunities. The prime minister expressed these views in a meeting with the heads of the Chinese companies. Prime Minister Imran Khan said that … Read more
LAHORE: The government of Punjab has decided to reduce the sales tax being charged on commissions for home-based chefs, a statement said. The rebate reduces sales tax from 16 per cent to 5 per cent, allowing better profitability and growth potential for the home-based chefs operating on online food delivery platforms such as foodpanda. The … Read more
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the federal finance minister and the Federal Board of Revenue (FBR) chairman to extend the date for filing income tax returns till December 31, 2021, a statement said. LCCI president Mian Tariq Misbah, senior vice president Muhammad Nasir Hameed Khan and vice president Tahir … Read more
Australia’s competition regulator on Monday definitively blocked a pricing, code-sharing and scheduling deal between Qantas and Japan Airlines, saying the arrangement would hurt consumers. The deal would have seen the two airlines coordinate on how much fares would cost, as well as flight schedules. The Australian Competition and Consumer Commission ruled the proposal would “remove … Read more
SAN SALVADOR: El Salvador will exempt foreign investors from taxes on profits on Bitcoin speculation in the country, a government adviser said, after it became the first to recognise the crypto-currency as legal tender. “If a person has assets in Bitcoin and makes high profits, there will be no tax. This (is done) obviously to … Read more
