The Foreign Office on Thursday ‘deeply mourned’ the passing away of the iconic leader of the Kashmiri resistance Syed Ali Shah Geelani, under prolonged house arrest in the Indian Illegally Occupied Jammu and Kashmir (IIOJK). “The nation pays rich tribute to his life-long struggle for justice and freedom,” FO said in a statement. It further … Read more
Foreign Minister Shah Mahmood Qureshi has cautioned the West of the serious consequences of abandoning Afghanistan which could result in civil war and economic collapse. In an interview with Sky News, the foreign minister stressed upon the West to engage with Taliban because otherwise, Afghanistan could descend into another chaos. He said it “will give … Read more
Announcing a day of official mourning, Prime Minister Imran Khan on Thursday lauded Syed Ali Shah Geelani’s ‘courageous struggle’. “Deeply saddened to learn of the passing of Kashmiri freedom fighter Syed Ali Geelani who struggled all his life for his people and their right to self-determination, the premier said in a tweet. He further said … Read more
Veteran Kashmiri leader Syed Ali Shah Geelani was laid to rest at a graveyard near his residence in Srinagar’s Hyderpora around 4.30am amid tight security, Hidustan Times reported on Thursday. His relatives told the Indian publication that only Geelani’s close relatives and neighbours were allowed to attend his funeral as the security forces sealed the … Read more
KARACHI: Pakistan equity market opened on a positive note on Wednesday but succumbed to profit-taking, as the Pakistan Bureau of Statistics (PBS) notified CPI inflation at 8.4 per cent in August 2021, dealers said. Ahsan Mehanti at Arif Habib Corp said that the stocks closed flat, amid CPI inflation at 8.4 per cent in August … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed concerns over the price fixation of steel products for the imposition of sales tax. The apex trade body in a communication sent to Finance Minister Shaukat Tarin on Wednesday, highlighted serious issues of the small and medium steel re-rolling sector. The FPCCI … Read more
KARACHI: The National Electric Power Regulatory Authority (Nepra) has initiated proceedings to determine the tariff to be charged from electric vehicles by electric charging station, an official document suggests. The National Electric Vehicle Policy provides, “Nepra shall develop a policy to enact EV tariffs and to ensure compliance with EV standards and specifications.” “Therefore, the … Read more
KARACHI: Emirates has announced the appointment of Mohammad Alnahari Alhashmi as Vice President for Pakistan, effective September 1, 2021, a statement said on Wednesday. Alhashmi will be responsible for leading the airline’s operations and strengthening Emirates’ presence in the market. Mohammed Sarhan, who was previously vice president of Emirates for Pakistan, will now take on … Read more
KARACHI: The Pakhtunkhwa Energy Development Organization (PEDO) has approached the National Electric Power Regulatory Authority (Nepra), seeking a generation licence for its 300MW run-of-the-river hydel power plant to be setup on River Kunhar with a cost of $580 million. The hydropower potential in Khyber-Pakhtunkhwa is very high and the Pakhtunkhwa Energy Development Organization (PEDO) has … Read more
ISLAMABAD: Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has signed a memorandum of understanding (MoU) with Fecto Belarus Tractors Private Limited (FBTL), a pioneer in introducing Russian-based technology tractors in Pakistan since 1962, a statement said on Wednesday. Under this collaboration, the customers will be able to finance FBTL Tractors through MMBL’s range … Read more
President Dr Arif Alvi on Wednesday signed the Election Ordinance (Third Amendment) 2021 under Article 89 of the Constitution of Pakistan, binding the elected members to take oath within 60 days of the commencement of the first sitting of the maiden session of the Parliament. The amendment was made to section 72 of the Election … Read more
Chairman Joint Chiefs of Staff Committee General Nadeem Raza on Wednesday received a detailed briefing on the “Shamsheer-e-Bahr-VIII” war games at the Pakistan Naval Ship Base Jauhar in Karachi, said the Inter-Services Public Relations. The military’s media wing said that Gen Raza was invited as the chief guest to the games where he was given … Read more
ISLAMABAD: The Federal Board of Revenue (FBR) has successfully developed and rolled out a new module in WeBOC system for online Export Facilitation Scheme (EFS) authorisation application, a statement said on Wednesday. The exporters can avail this facility after getting registered in the WeBOC System. In this regard, a new feature has been added in … Read more
ISLAMABAD: The federal and provincial governments would move towards harmonising taxes across the multiple jurisdictions to facilitate the businesses and reduce the cost of doing business in Pakistan, a senior government official said on Wednesday. Presiding over the first meeting of the National Tax Council (NTC) held at the Finance Division, Federal Finance and Revenue … Read more
KARACHI: The Model Customs Collectorate (MCC) Peshawar has said that the quantum of duty-free imports from Afghanistan has surged 73 per cent in the fiscal year 2020/21. The volume of imports from Afghanistan cleared through the collectorate during the fiscal year 2020/21 was Rs84.4 billion, compared with Rs65.44 billion in the preceding fiscal year, showing … Read more
KARACHI: The Federal Board of Revenue (FBR) has identified that majority of its senior officers have failed to furnish their assets declaration. The assets declaration is mandatory under the government servant laws and mandatory for the promotion to the next scale. In an official memo sent to the officers of the Inland Revenue Service (IRS) … Read more
Minister for Planning and Development Asad Umar on Wednesday said that 35 per cent of national eligible population had received at least one dose of anti-Covid vaccine. Taking to Twitter, the minister gave a province-wise break up saying Islamabad was at 69 per cent vaccinated, Azad Kashmir 51 per cent, Gilgit-Baltistan 39 per cent, Punjab … Read more
KARACHI: InfraZamin Pakistan Limited (InfraZamin) and ITMinds Limited (ITMinds), a wholly-owned subsidiary of the Central Depository Company of Pakistan Limited (CDCPL), have signed an agreement, enabling ITMinds to provide Back Office Accounting Services to InfraZamin. Maheen Rahman, CEO of InfraZamin, and Iqleem-uz-Zaman Khan, CEO of ITMinds signed the agreement in the presence of Badiuddin Akber, … Read more
