NAB likely to start investigation into IESCO billing fraud
ISLAMABAD: Though the Federal Investigation Agency (FIA) has already been investigating the Islamabad Electric Supply Company (IESCO) billing fraud, the National Accountability...
Senior FBR officials incur Rs109mn expenditure in violation of monetisation policy
ISLAMABAD: Atleast 20 senior officials of Federal Board of Revenue (FBR) are violating the monetisation of the transport facility for civil servants,...
Railway network to connect Gwadar with China, Afghanistan under CPEC
---1,059km railway line to be laid from Havelian in KP to Kashghar in Chinese province of Xinjiang
---Railway network to be extended in...
Govt releases Rs15.4bn for development projects
---Rs10.2 billion released for federal ministries, Rs4.6 billion for special areas
ISLAMABAD: The federal government has so far released Rs15.4 billion for various...
PTI’s first year in power ‘costly’ for consumers
---Businesses, consumers struggle to cope as inflation eats into incomes
KARACHI: The first year of the Pakistan Tehreek-e-Insaf (PTI) government has turned out...
FBR to tighten noose on smuggled goods from 1st
ISLAMABAD: As per the instructions of Federal Board of Revenue (FBR) Chairman Shabbar Zaidi, the board has initiated a phased programme to combat...
AEDB to finalise renewable energy policy draft on 22nd
The Alternative Energy Development Board (AEDB) would hold a consultative meeting with all stakeholders on August 22 for the finalisation of the...
Standard Chartered faces fine for sanctions breaches: report
Banking group Standard Chartered is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday.
Britain’s Office of Financial...
China unveils rate reform to steer funding costs lower for firms
BEIJING: China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a...
Production of light commercial vehicles drops 16.19pc
ISLAMABAD: The production of light commercial vehicles (LCVs) witnessed a decrease of 16.19pc during the first eleven months of the fiscal year 2018-19,...
Pharmaceuticals may turn to Chinese raw material as tensions with India soar
Pakistan has formulated a strategy to deal with any crisis arising out of an embargo on the import of raw material supplied...
Cabinet approves Aamir Khan’s appointment as SECP chairman
The government has appointed Aamir Khan as the new chairman of the Securities and Exchange Commission of Pakistan (SECP) with immediate effect,...
SBP reserves jump $535m to $8.26bn
ISLAMABAD: After receiving inflows of $500 million from the Asian Development Bank (ADB), the country's total liquid foreign reserves stood at $15,577 million...
US set to give Huawei another 90 days to buy from American suppliers
SINGAPORE/WASHINGTON: The US Commerce Department is expected to extend a reprieve given to Huawei Technologies that permit the Chinese firm to buy supplies...
ADB approves $25m loan to expand women’s access to credit in Pakistan
ISLAMABAD: The Asian Development Bank (ADB) has approved a $25 million syndicated loan to support the lending operations of Kashf Foundation, one of...