PIA to ground nearly 150 pilots facing inquiry over dubious licences
KARACHI: The Pakistan International Airlines (PIA) will be grounding nearly 150 out of its 426 pilots, amid an inquiry that they hold “dubious”...
BOI launches e-portals to facilitate local, foreign investors
ISLAMABAD: The Board of Investment (BOI) on Thursday launched three online portals including Electronic Joint Venture (EJV), Branch Liaison Management Information System...
Government releases Rs6.2bn for textile industry to resolve liquidity issues, encourage exports
LAHORE: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Thursday announced the release of an additional grant...
Business community demands extension in FBR’s Asset Declaration Scheme till August 31
LAHORE: The Lahore Chamber of Commerce and Industry LCCI has urged the Federal Board of Revenue to extend the last date for...
Covid cut: SBP slashes interest rate to 7pc
--This is the fifth rate cut since coronavirus pandemic hit the global economy, with total reduction being 625bps in the last 100...
Pakistan pilot licence irregularities are ‘serious lapse’: IATA
PARIS: Irregularities found in pilot licences at Pakistan International Airlines (PIA) represent a “serious lapse” in safety controls, global airlines body International...
Board position of PM’s Digital Adviser raises conflict of interest questions
ISLAMABAD: The Digital Pakistan Foundation (DPF), a company recently registered under the Securities and Exchange Commission of Pakistan (SECP) as a non-profit...
SBP sells Rs112bn worth of PIBs
KARACHI: The State Bank of Pakistan (SBP) has raised Rs112 billion through the sale of Pakistan Investment Bonds (PIBs), according to a...
Nepra seeks explanation from K-Electric over increased load shedding, electricity bills
The National Electric Power Regulatory Authority (Nepra) on Wednesday directed K-Electric to submit a detailed report regarding unannounced load-shedding in Karachi while...
Rs1,150bn tax expenditure recorded for FY20: FBR report
ISLAMABAD: The Tax Expenditure Report 2020 released by the Federal Board of Revenue (FBR) on Wednesday states that tax expenditure from federal...
Development of KP’s merged districts govt’s top priority: PM
ISLAMABAD: Prime Minister Imran Khan on Wednesday said that uninterrupted provision of development funds to merged districts of erstwhile Federally Administered Tribal Areas...
Progress on Diamer Bhasha Dam reviewed
Faisal Vawda lauds progress made on the project despite corona-related slowdown
Govt plans to convert locust swarms into fertilisers
Food ministry proposes to incentivise locust collection through community mobilisation
Govt prioritises privatisation of two RLNG-based power plants
ISLAMABAD: A meeting of the Privatization Commission was held on Wednesday to discuss the privatisation status of entities included in the government's...
KP’s budget deficit likely to persist in FY22, FY23
Peshawar: The Khyber Pakhtunkhwa (KP) Finance Department has forecasted that the budgets for FY22 and FY23 will see deficits of Rs72 billion...