PTI govt not afraid of opposition’s movement: Soomro

FEDERAL MINISTER FOR PRIVATISATION, MOHAMMEDMIAN SOOMRO TALKING TO MEDIA AT THE OCCASION OF AUCTION PROCESS OF FEDERAL GOVERNMENT PROPERTIES AT LAHORE ON SEPTEMBER 28, 2020.

LAHORE, Sep 28 (APP): Federal Minister for Privatization Muhammadmian Soomro said on Monday the Pakistan Tehrik-e-Insaaf (PTI) government was not afraid of any movement by the opposition. Talking to media at a local hotel during the auction of Property Republic Motors Limited owned by the Ministry of Industries and Production, he said the incumbent government… Continue reading PTI govt not afraid of opposition’s movement: Soomro

GDA all set to achieve Rs 0.45 bn revenue target for 2020-21

ISLAMABAD, Sep 28 (APP): Galliyat Development Authority (GDA), a vital tourism institution of Galliayat is all set to meet the revenue target of Rs 0.45 billion set for year 2020-21. “In order to achieve this revenue target of Rs 0.45 billion, we will outsource and lease different GDA properties, rest houses, hotels, parks, markets, food… Continue reading GDA all set to achieve Rs 0.45 bn revenue target for 2020-21

ADB approves $300 mln loan to develop capital markets in Pakistan

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ISLAMABAD, Sep 28 (APP): The Asian Development Bank (ADB) Monday approved a $300 million policy-based loan to help strengthen Pakistan’s finance sector by supporting measures to develop competitive capital markets and encourage private sector investment in the country. “Capital markets act as a major catalyst in transforming the economy into a more efficient, innovative, and… Continue reading ADB approves $300 mln loan to develop capital markets in Pakistan

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Gulf companies keen to invest in Gwadar Free Zone: Asim Bajwa

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ISLAMABAD, Sep 28 (APP): Chairman CPEC Authority Lt. Gen (retd) Asim Saleem Bajwa has said that a number of companies from Gulf region were interested to establish industrial units in the Gwadar Free Zone. “There has been a lot of progress on free zone in the city that spanned over an area of 2400 acres… Continue reading Gulf companies keen to invest in Gwadar Free Zone: Asim Bajwa

MinNFS&R launches markup subsidy scheme for agriculture sector

ISLAMABAD, Sep 27 (APP): Ministry of National Food Security and Research has launched markup subsidy scheme under the Fiscal Package announced by the Prime Minister for the agriculture sector to mitigate the impact of Covid-19 pandemic. An amount of Rs. 6.861 billion would be spent for 10% markup subsidy on agriculture loans disbursed by Zarai… Continue reading MinNFS&R launches markup subsidy scheme for agriculture sector

RPL educates 400 rice growers to ensure sustainable rice production

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ISLAMABAD, Sep 27 (APP): The major rice exporter of the country, Rice Partners Limited (RPL) has organized training workshops for 400 rice growers to educate them on water saving techniques, Crop management for ensuring sustainable rice production and food security in central Punjab including the district Sheikhupura. The Rice Partners Limited (RPL) in collaboration with… Continue reading RPL educates 400 rice growers to ensure sustainable rice production

Trade leader lauds PM’s smart lockdown policy amid COVID-19

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ISLAMABAD, Sep 25 (APP): The smart lockdown policy of Prime Minister Imran Khan during the COVID-19 pandemic in the country worked positively compared to the other countries. This was stated by All Pakistan Anjman Tajran, President Muhammad Ajmal Baloch while talking to APP here Friday. He said, “the government has controlled the pandemic, spread of… Continue reading Trade leader lauds PM’s smart lockdown policy amid COVID-19

Robust progress made on ICRG Action plan

ISLAMABAD, Sep 24 (APP): The National Executive Committee( NEC) on Anti- Money Laundering (AML) was briefed on Thursday that Pakistan has demonstrated robust progress towards the completion of its International Co-operation Review Group (ICRG) Action plan irrespective of the challenges of COVID-19. The 16th meeting of the committee, chaired by Adviser to the Prime Minister… Continue reading Robust progress made on ICRG Action plan

NeCC includes bringing international payment methods to Pakistan

ISLAMABAD, Sep 24 (APP): The 3rd meeting of National e-Commerce Council (NeCC) on Thursday included the project “kickoff” between National Institutional Facilitation Technologies (NIFT) and Checkout.com for bringing international payment methods to Pakistan. The implementation will enable both organizations to provide payment services through each others infrastructure and pursue commercial opportunities as a partnership, said… Continue reading NeCC includes bringing international payment methods to Pakistan

Audit regulator fines audit firm of chartered accountants

ISLAMABAD, Sep 24 (APP): The Audit Oversight Board (AOB) has imposed a fine of Rs50,000 on Aslam Malik & Company, Chartered Accountants. The Firm had committed multiple violations of the law. One of the reported partners of the firm signed six auditor’s reports of listed companies on behalf of the firm without first attaining the… Continue reading Audit regulator fines audit firm of chartered accountants

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KOPIA to help in development of agriculture, livestock sector

KOPIA to help in development of agriculture, livestock sector

ISLAMABAD, Sep 24 (APP): Ministry of National Food Security and Research Syed Fakhar Imam on Thursday appreciates the efforts of the Korean mission in Pakistan for establishing Korea Program on International Agriculture (KOPIA) Center at National Agriculture Research Center. While talking to Kwak Sung-Kyu, Ambassador of the Republic of Korea who along with Dr Cho… Continue reading KOPIA to help in development of agriculture, livestock sector

Meeting reviews development progress in Balochistan

ISLAMABAD, Sep 23 (APP): Minister for Planning, Development and Special Initiatives Asad Umar chaired meeting here on Wednesday to discuss the development progress of under developed areas of Balochistan. Secretary, Planning, Development and Special Initiatives Mathar Niaz Rana briefed the forum about the background and vision of the government regarding accelerated development of the less… Continue reading Meeting reviews development progress in Balochistan

ECC approves Rs3.850 bln for salaries to PSM employees, directs for ascertaining exact liabilities

The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved an amount of Rs3850 million for provision of salaries to the employees of Pakistan State Mills (PSM) for the financial year 2020-21, which would be disbursed every month. However, though the ECC agreed in principle that the dues to the retired non-litigant employees should be… Continue reading ECC approves Rs3.850 bln for salaries to PSM employees, directs for ascertaining exact liabilities

Pakistan received $3.7 bn worth of grants, loans during COVID-19: Senate body told

ISLAMABAD, Sep 21 (APP): The Senate Standing Committee on Planning, Development and Special Initiatives was informed on Monday that Pakistan received US$3.7 billion worth of grants and loans from various countries to support the country’s corona relief efforts. The senate standing committee meeting was held here under the chairmanship of Senator Agha Shahzaib Durrani. The… Continue reading Pakistan received $3.7 bn worth of grants, loans during COVID-19: Senate body told

AGP recovers Rs5.655 bln in first two months of current fiscal year

ISLAMABAD, Sep 22 (APP): The Office of Auditor General of Pakistan (AGP) has made recoveries of Rs 5.655 billion from various federal and provincial departments during the first two months of the current fiscal year (2020-21). According to the latest data of AGP Office, the recoveries from federal government departments stood at Rs 5.411 billion… Continue reading AGP recovers Rs5.655 bln in first two months of current fiscal year

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SECP approves disclosure framework under global principles

ISLAMABAD, Sep 22 (APP): Securities and Exchange Commission of Pakistan (SECP) Tuesday approved disclosure framework to provide participants and general public with sufficient information for better understanding of Financial Market Infrastructures (FMIs), regulatory, supervisory, and oversight policies of SECP. The disclosure framework has been prepared in accordance with the Principles for Financial Market Infrastructure (PFMIs)… Continue reading SECP approves disclosure framework under global principles

Pakistan received $3.7 bn worth of grants, loans during COVID-19: Senate body informed

ISLAMABAD, Sep 21 (APP): The Senate Standing Committee on Plannning, Development and Special Initiatives was informed on Monday that Pakistan received US$3.7 billion worth of grants and loans from various countries to support the country’s corona relief efforts. The senate standing committee meeting was held here under the chairmanship of Senator Agha Shahzaib Durrani. The… Continue reading Pakistan received $3.7 bn worth of grants, loans during COVID-19: Senate body informed

SBP keeps interest rate unchanged at 7%

KARACHI, Sep 21 (APP): State Bank of Pakistan on Monday decided to keep its policy (interest) rate unchanged at 7 percent till next meeting of its Monetary Policy Committee scheduled after two months. SBP’s MPC in its meeting noted that compared to the time of its last meeting in June 2020, business confidence and the… Continue reading SBP keeps interest rate unchanged at 7%

ADB approves $1 mln grant to build energy efficient centralized air-conditioning systems

ISLAMABAD, Sep 21 (APP): The Asian Development Bank (ADB) has approved 1 million US dollar support to build disease resistant centralized air-conditioning (CAC) systems in developing member countries (DMCs). This will help to improve energy efficiency and mitigate the risks of the coronavirus disease (COVID-19) pandemic and other airborne viruses in public buildings. Studies suggest… Continue reading ADB approves $1 mln grant to build energy efficient centralized air-conditioning systems

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SBP keeps policy rate unchanged at 7pc

ISLAMABAD, Sept 21: The State Bank of Pakistan (SBP) Monday decided to keep the policy rate unchanged at 7 percent. In a tweet, SBP said, the Monetary Policy Committee of the bank met Monday under the chairmanship of Governor SBP, Dr. Reza Baqir and decided to keep the policy rate unchanged at 7 percent. “The… Continue reading SBP keeps policy rate unchanged at 7pc

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