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PM IMRAN KHAN

PIA successfully completes Safety Validation and Airworthiness Audit

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Pakistan China Sinopharm vaccine

KARACHI: Canadian Agency, Transport Canada has issued a letter to the Pakistan International Airlines (PIA) on successfully completing the Safety Validation and Airworthiness Audit conducted by them on the International Civil Aviation Organization (ICAO) Airworthiness Elements, a statement said. The letter, issued on August 11, 2021, declares PIA operations meeting the international standards and closes … Read more

Work on 28 Punjab cities master plans going on at fast pace

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PM Imran among the most admired men in YouGov survey, Obama tops the list

ISLAMABAD: Prime Minister Imran Khan has said that public awareness was essential to discourage the haphazard growth of cities. Chairing the meeting of the National Coordination Committee on Housing, he called for a strategy for protection of the environment, green belts, as well as from emergency situations and natural calamities. The protection of Margalla Hills … Read more

PM to lay foundation stone of IT park  

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IT

LAHORE: Provincial Minister for Industries and Commerce Mian Aslam Iqbal has said that Prime Minister Imran Khan will soon lay the foundation stone of the Skill Technology Park in Lahore to apprise students of information technology and tech companies. Chairing a meeting at the Civil Secretariat on Thursday, he said that the first state-of-the-art the … Read more

New master plan to meet needs of industrial sector

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textile industry

LAHORE: Lahore Development Authority (LDA) vice chairman S M Imran has said that the new master plan of Lahore will fulfill the needs of the industrial sector in future. Speaking at a meeting of the stakeholders at the Lahore Chamber of Commerce & Industry (LCCI) on Thursday, he regretted that master plans in the past were … Read more

BOL EXCLUSIVE: Experts see short-term gains in PSX MSCI’s Index downgrade

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PSX Update today

ISLAMABAD: The Pakistan Stock Exchange’s (PSX) downgrade in the MSCI Index is expected to be a short-term gain but in the long run it is a huge loss, experts said. Burg Securities Chief Operating Officer Rehan Ateeq said that the Pakistan Stock Exchange’s downgrade from the MSCI’s Emerging Markets Index to the Frontier Markets Index … Read more

BOL EXCLUSIVE: PSX likely to be downgraded to Frontier Markets in November

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ISLAMABAD: The Pakistan Stock Exchange is likely to be downgraded from the existing Emerging Markets Index to Frontier Markets Index from November onwards this year. A senior official of the Securities and Exchange Commission of Pakistan (SECP) said in May 2017, Morgan Stanley Composite Index (MSCI) reclassified Pakistan’s market as “Emerging Market Index” from its … Read more

PM wants water projects’ completion at fast pace: official

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ISLAMABAD: Prime Minister Imran Khan was taking keen interest in water reservoirs’ projects to ensure their completion on a fast-track basis, a government official said on Thursday. In a series of tweets, Minister of State for Information and Broadcasting Farrukh Habib said that the work on several water projects, including Diamer-Basha Dam, Dasu hydropower Dam, … Read more

Govt pursuing vision to double farmers’ income: PM

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Pandora Papers: PM Imran orders probe into 'ill-gotten wealth of elites'

BAHAWAPUR: Describing farmers as an ‘asset’ for the country, Prime Minister Imran Khan on Wednesday said that the present government was following a vision to double their income to achieve higher economic growth, ensure food security and check poverty and inflation. “We have a vision to double the income of farmers. They will invest their … Read more

Car sales jump 114% in July

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car sales

KARACHI: The sales of locally-manufactured cars have increased 114 per cent on a year on year (YoY) basis in July 2021, according to the latest statistics released by the Pakistan Automotive Manufacturers Association (Pama) on Wednesday. The total sales stood at 24,918 units in July 2021, compared with 11,659 units in the same month of … Read more

WB grants $129.99 million for uplift of primary education in Sindh

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education

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

Gilgit-Baltistan’s uplift top priority of govt: Tarin

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gilgit

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

FBR reviews performance of commissioners’ appeals in 2020/21

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fbr

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

Govt’s reform process significantly improves SoEs performance

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CPEC ushers in new era of economic prosperity Tarin

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

Rupee weakens 17 paisas against dollar

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Rupee

KARACHI: The rupee fell 17 paisas against the dollar on Wednesday, owing to the import payments demand, especially after ease in the coronavirus lockdown, dealers said. The exchange rate ended at Rs163.92 against the greenback, compared with Rs163.75 in the interbank foreign exchange market. The value of the local currency is currently at a 10-month … Read more

Connectivity the bedrock of Digital Pakistan

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Digital Pakistan

Ericsson is one of the leading providers of Information and Communication Technology (ICT) to service providers. It enables the full value of connectivity by creating game-changing technology, and services that are easy to use, adopt, and scale, making the customers successful in a fully connected world. The main purpose of the company is to empower … Read more

Cost of lockdown

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lockdown

When it comes to imposing a curfew-like lockdown to curtail Covid-19 surge in Pakistan, Prime Minister Imran Khan firmly stood against it and took all the criticism, arguing that a lockdown would hurt the economy. He believes the poor and daily wage workers would suffer the most. The prime minister advocates alternatives such as ‘smart … Read more

Fintech firms dominate Saudi startup scene, attracting venture capitalists

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fintech

RIYADH: Saudi startups in the financial technology sector emerged as the most funded in the kingdom, and more private investors and venture capitalists are rushing to invest in these firms at early stages of their business lifecycle, Arab News reported. The number of deals closed recently hit a record with over $150 million in the first … Read more

Kamyab Pakistan Programme based on bottom-up approach: Tarin

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Pandora Papers: PM Imran orders probe into 'ill-gotten wealth of elites'

ISLAMABAD: The Kamyab Pakistan Programme is based on the concept of “bottom-up” approach as envisaged by Prime Minister Imran Khan, a senior government official said. During a meeting with Special Assistant to the Prime Minister on Social Protection and Poverty Alleviation Dr Sania Nishtar at the Finance Division, Federal Minister for Finance and Revenue Shaukat … Read more

ADB appoints Yong Ye as new country director for Pakistan

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adp

ISLAMABAD: The Asian Development Bank (ADB) on Tuesday announced it has appointed Yong Ye, as its new country director for Pakistan with immediate effect. Yong Ye will lead the ADB operations in Pakistan and manage its Pakistan Resident Mission in Islamabad. Ye will also oversee the implementation of the ADB’s new Country Partnership Strategy 2021/25, … Read more

KCCI gets Nadra’s e-Sahulat facility for Pakistan Single Window

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kcci

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) president M Shariq Vohra and Pakistan Single Window (PSW) additional director Naveed Abbas Memon inaugurated the National Database Registration Authority’s (Nadra) e-Sahulat facility at the KCCI premises, making it the first chamber to launch such an important facility, a statement said. The facility will provide members of … Read more

Basic commodities strategic reserves to prevent profiteering: Tarin

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CPEC ushers in new era of economic prosperity Tarin

ISLAMABAD: Finance and Revenue Minister Shaukat Tarin stressed the importance of meaningful interventions in the market by building strategic reserves of basic commodities, including wheat, sugar, edible oil/ghee, vegetables and pulses to prevent hoarding and undue profiteering. Chairing the meeting of the National Price Monitoring Committee (NPMC) held at the Finance Division, the finance minister … Read more

Punjab governor to convene Overseas Pakistani Convention soon

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Punjab Governor Sarwar.

LAHORE: Punjab Governor Chaudhry Mohammad Sarwar has said that the Overseas Pakistani Convention will be convened soon to woo foreign investors, including expatriate Pakistani businessmen to invest in the country, a statement issued by the Governor House said. The overseas Pakistani convention will be held at the Governor House and Prime Minister Imran Khan has … Read more

UN report delivers stark warning on climate change

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putin

UNITED NATIONS: A United Nations climate panel has confirmed in its strongest language ever that the impacts of human-caused climate change are severe and widespread, and that while there is still a chance to limit that warming, some impacts will continue to be felt for centuries. “It is unequivocal that human influence has warmed the … Read more

Masses should plant one tree each to safeguard Pollution-free Pakistan, PM

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imran in lahore

Prime Minister Imran Khan inaugurated the world’s biggest Miyawaki urban forest here, as part of monsoon drive under the 10 Billion Tree Tsunami project. PM highlighted the significance of forests, with the increase in global warming and pollution. PM directed the masses, especially, youth to plant at least one tree each and look after it … Read more

Pakistan’s trade with Holland grows 107.62% in FY21

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SBP extends Nadra’s verification

ISLAMABAD: Pakistan’s goods and services trade with Holland witnessed a growth of 107.62 per cent during the fiscal year 2020/21, compared with the corresponding period of the last year, the State Bank of Pakistan (SBP) reported. The overall exports to Holland were recorded at $1.118 billion during July-June 2020/21 against the exports of $982.263 million … Read more

Afghan Envoy’s Daughter Did Not Report Her ‘Abduction’ Correctly, FO Informs Kabul

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Afghan Envoy's Daughter Did Not Report Her 'Abduction' Correctly, FO Informs Kabul

Pakistan has formally informed Afghanistan that it has conducted a full investigation into the alleged abduction of the daughter of the Afghan ambassador from Islamabad, according to which the complainant did not fully report the incident. The alleged abduction of the Afghan ambassador’s daughter came to light on July 16. According to the report, the … Read more

Lucky Cement earns profit of Rs28.20 billion

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lucky cement

KARACHI: Lucky Cement posted a profit-after-tax of Rs28.23 billion during the period ended June 30, 2021, a bourse filing said on Monday. On a consolidated basis, the Lucky Cement’s profit of Rs28.23 billion included Rs5.37 billion of the non-controlling interest for the year ended June 30, 2021. This translates into the earnings per share (EPS) … Read more

Govt acquires 32,073 acres of land for Diamer-Basha Dam project

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dam

ISLAMABAD: The government has so far acquired 32,073 acres of land for the Diamer-Basha Dam project, which is expected to be completed by April 2029 and would meet the growing water and power needs of the country. The acquired land is around 90 per cent of the total required 35,924 acres of land for the … Read more

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