ISLAMABAD: The World Bank has granted $129.99 million for the development of the primary education system under the “Sindh Early Learning Enhancement through Classroom Transformation Project” in the province, a statement said. Minister for Economic Affairs Omar Ayub Khan witnessed the signing ceremony of the financing agreement with the World Bank representative, in the Ministry … Read more
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has said that the development of Gilgit-Baltistan was the top priority of the government. He said this, while chairing a meeting of the Executive Committee of the National Economic Council. During the meeting, Minister for Planning, Development and Special Initiatives Asad Umar presented a summary regarding … Read more
ISLAMABAD: The Federal Board of Revenue (FBR) organised a video-link conference with the commissioners’ appeals to review their performance during the financial year 2020/21. The purpose of holding the conference was also to chalk out a workable strategy for the disposal of substantial pendency of appeals involving revenue of billions of rupees and to work … Read more
ISLAMABAD: The Cabinet Committee On State-Owned Enterprises noted that the government’s broad-based reform process, including timely completion of the state-owned enterprises (SoEs) board of directors and appointments at managerial positions along with strict fiscal discipline has significantly improved the performance of these enterprises, resulting in reduction of aggregate losses from Rs286 billion in 2017/18 to … Read more
LAHORE: The second plenary meeting of the Financial Action Task Force (FATF) on June 25, 2021, was a significant day for Pakistan, as the government had high hopes of coming out of the grey list. However, despite the appreciation by the FATF, Pakistan’s significant progress for complying with 26 of the 27 action items initially … Read more
KARACHI: Engro Polymer and Chemicals Limited (EPCL) has declared a final cash dividend of Rs7/share along with the financial results for the half-year ended June 30, 2021, which is in addition to an interim dividend of 8 paisas/share already paid to the shareholders. The EPCL announced a net profit of Rs7.26 billion, translating into the … Read more
KARACHI: United Arab Emirates Ambassador to Pakistan Hammad Obaid Ibrahimi AlZaabi he called for boosting trade and investment relations, and also stressed the need to revitalise and update various bilateral agreements, as there is a great potential in Pakistan. Exchanging views with the Karachi Chamber of Commerce and Industry (KCCI) president Shariq Vohra, the envoy … Read more
KARACHI: Pakistan stocks started the day with a strong footing and remained in the green zone throughout the day. The market was driven by the healthy corporate results along with some surprise dividend payouts, dealers said on Wednesday. Ahsan Mehanti at Arif Habib Corp said that the stocks showed recovery, amid a spike in the … Read more
KARACHI: Unsure of the significance of the minority day celebrated across the world on August 11, Nandani, 19, goes about her usual business. Showing a green T-shirt, made in accordance with the Independence Day celebrations for potential buyers, Nandani believes that the poor in the country will remain poor irrespective of their caste and religion. … Read more
KARACHI: A tax office of the Federal Board of Revenue (FBR) on Wednesday deputed officials at eight outlets of a retail chain on the suspicions of underreporting of sales. The Corporate Tax Office (CTO), Karachi deputed its officials at Nimco’s Bakers Private Limited located in Clifton to monitor sales, purchase and production. The tax office … Read more
ISLAMABAD: Siemens and IKEA have shown eagerness to invest in the Pakistan Railways and auto sector of the country, an envoy said on Wednesday. During a meeting with Board of Investment secretary Fareena Mazhar, Pakistan’s Ambassador to Germany Dr Mohammad Faisal said that Siemens and IKEA are interested in investing in the country. The foreign … Read more
Pakistan was facing an onslaught of information war through propaganda on social media accounts, which is being run from the office of the Afghan National Security Adviser, National Security Adviser Moeed Yusuf said on Wednesday. Yusuf, at a press conference, said Pakistan was being blamed for its 20-year failure in Afghanistan and was being targeted … Read more
Army Chief General Qamar Javed Bajwa on Wednesday reiterated that Pakistan has made every possible effort to facilitate the Afghan peace process leading towards a negotiated settlement with utmost sincerity and will continue to do so. Chairing a meeting of Corps Commanders’ Conference in Rawalpindi, he said all stakeholders have to play their part positively … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the National Remittance Loyalty Programme (NRLP) with a view to boosting remittances, as its application will be formally launched by the end of October this year. Federal Minister for Finance and Revenue Shaukat Tarin chaired the meeting of the ECC of the Cabinet. … Read more
KARACHI: The Pakistan Oilfields Limited (POL) has announced a net profit of Rs15.40 billion for the year ended June 30, 2021, which is 6.2 per cent higher than the profit of Rs14.50 billion recorded in FY20, a bourse filing said on Wednesday. The earnings per share (EPS) for the year clocked-in at Rs54.24, compared with … Read more
LAHORE: Water and Power Development Authority (Wapda) chairman Lt Gen Muzammil Hussain (Retd) on Wednesday called on Chinese Ambassador to Pakistan Nong Rong and discussed progress on the investigations carried out in the Dasu incident, resumption of construction work and the security arrangements for the Chinese nationals working on the project. The ambassador thanked the … Read more
KARACHI: The Attock Petroleum Limited (APL) has earned a net profit of Rs4.9 billion for the year ended June 30, 2021, which is multiple times higher than the profit of Rs1.01 billion recorded in FY20, a bourse filing said on Wednesday. The earnings per share (EPS) for the year clocked-in at Rs49.43, compared with the … Read more
LAHORE: The Federal Investigation Agency’s cybercrime wing has arrested a member of an international group for committing online frauds, FIA official told Bol News on Wednesday. According to the Additional Director FIA Cyber Crimes Wing Shahid Hassan, a Nigerian national Darlington Chimo Osuji has been arrested for defrauding people. “The accused person is involved in … Read more
