Foreign Minister Shah Mehmood Qureshi on Monday underscored that a peaceful and stable Afghanistan was of critical importance for Pakistan and the region. In a telephonic conversation with his Saudi counterpart His Highness Prince Faisal bin Farhan Al Saud, Qureshi expressed the hope that Afghan parties would work for an inclusive political settlement to ensure … Read more
KARACHI: Instability in Afghanistan has caused a significant drop in exports from Pakistan by around 39 per cent in July 2021. The statistics released by the State Bank of Pakistan (SBP) revealed that Pakistan’s exports to Afghanistan fell to $38.55 million in July 2021, compared with $62.77 million in the same month of the last … Read more
Sindh High Court on Monday expressed satisfaction over the welfare schemes being implemented in 27 districts of Sindh via the social development funds of oil and gas exploration and production companies. The advocate general Sindh submitted the progress reports compiled by the deputy commissioners to a two-judge bench headed by Justice Muhammad Karim Khan Agha. … Read more
China on Monday assured Pakistan of its cooperation in dealing with the threat of terrorism stressing that it will protect the safety of the Chinese people and personnel in the country. “Terrorism is the common enemy of mankind. China firmly opposes any force using terrorism to seek geopolitical interests,” Chinese Foreign Ministry’s Spokesperson Wang Wenbin … Read more
LAHORE: The Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) has urged the government to boost halal meat exports to China. Addressing the Export Promotion Committee of his chamber, S M Naveed, president of the PCJCCI, said that there was a big gap in the world meat trade to be fulfilled and Pakistan had the … Read more
KARACHI: The central bank on Monday said it has completed digitalisation of the regulatory approval system for foreign exchange cases to support ease of doing business, a statement said. The State Bank of Pakistan (SBP) said it had initiated the project of “End-to-End Digitalisation of FX Cases” with an objective to enhance ease of doing … Read more
KARACHI: A significant jump in import quantities of high-speed diesel (HSD) was observed during FY21 ended June 30, 2021, as the authorities have cracked down on smuggling of diesel from neighbouring Iran. As much as 17,735 tonnes of HSD was legally imported during FY21, seven times higher as against 2,048 tonnesd imported in FY20. Similarly, … Read more
KARACHI: Tax practitioners have expressed concerns over access to sensitive taxpayers’ information by retired tax officers and private persons, which may cause major data breaches in future. In a letter sent to Federal Board of Revenue (FBR) chairman Asim Ahmad on Monday, the Karachi Tax Bar Association (KTBA) discussed hacking of the FBR/provincial revenue authorities’ … Read more
KARACHI: The Crescent Star Insurance Limited (CSIL) has claimed 78 million shares, representing 60 per cent stakes (sponsor holding) in Dost Steel Limited (DSL), with an aim to revive the company lying idle with a name plate steel production capacity of 350,000 tonnes. CSIL had already approached the Lahore High Court, seeking directives to DSL … Read more
ISLAMABAD: Pakistan has handed over a list of “most wanted terrorists” from the banned Tehreek-e-Taliban Pakistan (TTP) from the war-torn neighboring countries to the Afghan Taliban, as Islamabad prepares to take strong action against the militant group. In addition, Afghan Taliban leader Haibatullah Akhundzada is said to have formed a three-member committee to look into … Read more
KARACHI: The Board of Cordoba Logistics and Ventures (formerly Mian Textile Industries) has decided to acquire a 32.5 per cent stake in Finox (Private) Limited at a purchase price of Rs31 million, a bourse filing said. Finox is an award-winning capital market technology firm that provides digital infrastructure solutions for financial institutions and investors. The … Read more
KARACHI: The rupee fell 25 paisas against the dollar on Monday, despite reports of $2.77 billion inflows from the International Monetary Fund (IMF), dealers said. The exchange rate ended at Rs164.43 against the dollar, compared with last Friday’s closing of Rs164.18 in the interbank foreign exchange market. The currency dealers said high dollar demand was … Read more
KARACHI: The Sindh government on Monday allowed schools with 100 per cent vaccinated staff to reopen across the province from August 30. Addressing a press conference, Sindh Education Minister Sardar Shah said that the schools will be allowed to call vaccinated staff to work. The provincial minister also said there was a need to create … Read more
Prime Minister Imran Khan has rejected to move to the PM House, his official residence, and would continue to carry out his duties from his own residence in Islamabad. According to details by Adviser to the Prime Minister on Parliamentary Affairs Babar Awan, the prime minister was asked to fulfil his official duties at the Prime … Read more
Interior Minister Sheikh Rashid Ahmed assured the Chinese that their workers will be provided with full security in Pakistan. The minister, while talking to media in Islamabad, said that all the relevant departments are working on providing a safe environment to Chinese workers. “Companies working in the China Pakistan Economic Corridor (CPEC) are being provided … Read more
With ICC T20 World Cup drawing near, the Pakistan team is gearing up to pose a tough challenge to the top teams, especially its arch-rival India. While talking about the preparations of the national team for the upcoming tournament, batsman Imad Wasim said that he is positive that the national team will outperform the rest, … Read more
In an effort to assuage international concerns about inclusive Afghan set-up, the key Taliban leader Khalilur Rehman Haqqani on Monday said that the Islamic Emirates of Afghanistan would be a representative government of all political groups and the local communities. In an exclusive panel interview with PTV, APP and PBC, Khalil Haqqani said, “We will … Read more
ISLAMABAD: President Dr Arif Alvi has said that Pakistan attaches utmost importance to its ties with Australia and wants to further strengthen bilateral cooperation in all areas of mutual interests. Talking to the outgoing spokesperson of the Ministry of Foreign Affairs and High Commissioner-designate of Pakistan to Australia Zahid Hafeez Chaudhri, who called on him … Read more
