ISLAMABAD: The government has vowed to encourage and incentivise fertiliser manufacturers, as well as exporters to meet the domestic demand effectively. Chairing a meeting with the chairman and other members of the Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC), Federal Minister for Finance and Revenue Shaukat Tarin highlighted the need to bring in more investment … Read more
KARACHI: The thirst for new products continues among Pakistani shoppers with 75 per cent saying they like trying new products and some willing to pay even a little more for a product they expect to better, a statement said. DarazMall has just announced the winners of the 2021 DarazMall Awards, being the leading consumer voted online … Read more
MUZAFFARABAD: 15 member cabinet of Azad Jammu and Kashmir is due to take oath today. The ceremony of oath-taking will take place in the Muzaffarabad Presidency. The newly-elected cabinet will be sworn in by President Sultan Mehmood Chaudhry. Barrister Sultan Mehmood Chaudhry, the leader of Pakistan Tehreek-e-Insaf (PTI), was elected as the 28th president of Azad … Read more
LONDON: Pakistan and Turkey could be removed from the travel red list of UK as their governments convene on Thursday to review the country’s travel advisory for those countries forbidden from flying into the UK. According to the sources, there is some momentum to soften the restrictions for passengers coming from Pakistan. The government is expected … Read more
JEDDAH: Afghanistan’s new Taliban rulers face a “perfect storm” of health crises and economic disaster, Arab News quoted aid chiefs, as saying. The militants ordered banks to open on Wednesday for the first time since they seized control of Kabul 10 days ago, but the country has run out of cash because flights that bring in pallets … Read more
RIYADH: Saudi Arabia has launched a couple of initiatives to enhance the kingdom’s global ranking in digital areas such as artificial intelligence, Arab News reported. The announcement was made at an event called Launch held on Wednesday and hosted by the Saudi Federation for Cyber-security, Programming and Drones (SAFCSP), as well as the Ministry of Communications and … Read more
Prime Minister Imran Khan to share the success of three years that will highlight the key accomplishments of his government. The report will mark a journey of steady economic policy and welfare developments. The prime minister will launch the ‘Three-year Performance Report’ that gives an understanding of the efforts made by each ministry and division … Read more
KARACHI: Pakistan stocks witnessed another bearish session, amid rollover week and the spread of Covid, as Pakistan has reported highest active cases since April 29, 2021. Additionally, the rupee fell to an 11-month low against the dollar, which further created the uncertainty at the bourse. An analyst at Arif Habib Limited said the market saw … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved two summaries for import of 200,000 tonnes of sugar and 400,000 tonnes of wheat to curtail food inflation and stabilise prices. Federal Minister for Finance and Revenue Shaukat Tarin presided over the meeting. The ECC approved the summary tabled by the Ministry of … Read more
ISLAMABAD: The groundbreaking of the Karachi Circular Railway (KCR) will take place in September 2021, a senior government official said on Wednesday. Chairing a meeting to review the latest status of the KCR and Railways Freight Corridor projects in Islamabad, Federal Minister for Planning, Development, and Special Initiatives Asad Umar directed the Pakistan Railway to … Read more
KARACHI: Bank Alfalah Limited on Wednesday announced profit –after-tax of Rs7.02 billion for the first-half (January–June) 2021, a bourse filing said. The net profit of the bank posted a 21.45 per cent increase, compared with the net profit of Rs5.78 billion in the corresponding period of the last year. The net markup income of the … Read more
KARACHI: The BankIslami Pakistan Limited has announced Rs1.16 billion as net profit for the first-half of 2020, a bourse filing said on Wednesday. The net profit of the bank increased 8.29 per cent, compared with the after-tax-profit of Rs1.073 billion in the same half of the last year. The total income of the banks fell … Read more
KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued instructions to address concerns and bring transparency in the sale of third-party products for consumers’ convenience and protection, a statement said. The central bank said in addition to the typical banking products or services, the banks often offer or sell other financial products that are … Read more
KARACHI: The Asian Development Bank (ADB) on Wednesday said that the coronavirus pandemic will push around 80 million more people in developing Asia into extreme poverty, compared with last year. “The pandemic pushed an estimated 75 million to 80 million more people in developing Asia into extreme poverty as of last year, compared with what … Read more
LAHORE: The recent decision of the federal government to change the Federal Board of Revenue (FBR) chairman for the seventh time during the PTI-led government has perturbed the bureaucracy in Pakistan, BOL News learnt on Wednesday. A senior bureaucrat told BOL News that the government should have appointed Dr Muhammad Ashfaq Ahmad, a Grade-21 officer, … Read more
KARACHI: The K-Electric Limited (KEL) has sought another increase of Rs1.262/Kwh rise in electricity tariff for its consumers under the fuel charges adjustment (FCA) for July 2021 and April-June quarter of 2021. According to the petition filed before the National Electric Power Regulatory Authority (Nepra), the power utility sought Rs1.09 billion adjustment, translating into Rs0.555/KWh … Read more
ICC has updated its cover photo on Facebook. It is not of Pat Cummins, who is currently leading the ICC men’s Test bowling ranking, nor Ravichandran Ashwin. For the first time, the council has updated its cover photo with Shaheen Shah Afridi after he achieved his personal best figures. He displayed extraordinary performance, which helped … Read more
ISLAMABAD: Federal Finance Minister Shaukat Tarin has urged the cement manufacturers to reduce the prices, as the cement industry is of paramount importance due to its backward and forward integration with the construction sector, as a whole. During a meeting with the representatives of the cement manufacturers at the Finance Division, the finance minister stressed … Read more
