Govt launches crackdown against illegal loan application: Amin-ul-Haque
Federal Minister for Information Technology and Telecommunication, Amin-ul-Haque said in a decisive move to combat fraudulent loan applications, the government initiated a crackdown against illegal loan providers. In a statement, he said, that Chairman Pakistan Telecommunication Authority (PTA) Major General (r) Hafeezur Rehman directed immediately to take swift action on the illegal loan applications. Under the orders issued,…
Adil Aziz
Pakistan seeks Chinese investment to upgrade agriculture, IT, mining, housing sectors: Ahsan Iqbal
Federal Minister for Planning, Development, and Special Initiatives, Prof. Ahsan Iqbal has said that Special Economic Zones (SEZs) will provide an opportunity for Chinese investments to take advantage of incentives that Pakistan offers to foreign investment with concessions. “We are working on nine special economic zones. The first Rashakai Special Economic Zone will be inaugurated…
Dar review progress to outsourcing airports’ operation
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired a meeting of the Steering Committee to review the progress of work related to outsourcing of airports’ operations, at Finance Division. Federal Minister for Aviation and Railways Khawaja Saad Rafique, Special Assistant to Prime Minister (SAPM) on Finance Tariq Bajwa, Secretary Aviation, CEO Public…
Emirates Celebrates 25 Years of Uniting Peshawar with the World
Airline’s silver Jubilee of transforming travel experiences, and promoting trade and cultural exchange Emirates today marks 25 years of successful operations in Peshawar, Pakistan’s sixth largest city. Since the inaugural flight on July 14, 1998, Emirates has carried over 1.8 million passengers between Dubai and Peshawar and lifted more than 25,000 tonnes of cargo, supporting…
USF awards contract worth Rs 6.78 Billion to Ufone for broadband services in Sibbi District, M-8
The Universal Service Fund (USF) has awarded a contract worth approximately PKR 6.78 billion to Ufone for providing High-Speed Mobile Broadband services in the Sibbi district of Balochistan province and Motorway M-8. Federal Minister for Information Technology and Telecommunication, Syed Amin Ul Haque and Federal Minister for Science and Technology, Agha Hassan Baloch witnessed the…
IMF transfers $1.2 Billion to Pakistan
In total around $4.2 billion were added to the country’s foreign exchange reserves during the week including $2 billion from Saudi Arabia, $1 billion from United Arab Emirates and $1.2 billion from IMF The International Monetary Fund (IMF) transferred US$1.2 billion to State Bank of Pakistan (SBP) out of total $3 billion under the Stand-By…
IT Ministry signs agreement to enhance connectivity in Balochistan
The Ministry of Information Technology has embarked on two significant projects worth Rs. 69.8 billion to bolster connectivity in Balochistan province. Federal Minister for Information Technology Syed Amin-ul-Haque and Minister for Science and Technology Agha Hassan Baloch jointly initiated the execution of these projects. The agreements were signed by USF CEO Haaris Chaudhary and Ufone’s…
PPMA delegation calls on Chairman FBR, discuss sale tax regime
A delegation of Pakistan Pharmaceutical Manufacturers Association (PPMA) called on the Chairman Federal Board of Revenue (FBR) Asim Ahmad and discussed issues related to sale tax regime governing the pharma sector. The delegation was led by Chairman PPMA Syed Farooq Bukhari including members as well as ex Chairman of the Association. The meeting was also attended…
IMF Board approves Stand-by Agreement of $3 Billion for Pakistan
The International Monetary Fund (IMF) Executive Board approved the Stand-by Agreement (SBA) for US$ 3 billion for Pakistan, according to short statement shared by the fund on its website. Federal Minister for Finance and Revenue, Mohammad Ishaq Dar also shared the news about the development. The new SBA would support government’s immediate efforts to stabilize…
Pakistan eyes to enhance pharma exports to $5 Billion by 2030: Naveed Qamar
Federal Minister for Commerce Syed Naveed Qamar stressed the need for collective efforts to boost pharmaceutical exports upto $1 billion by 2025 and by $5 billion by 2030 to improve exchange reserves of the country. Realizing the export potential of the pharmaceutical sector, he said the government, pharma industry players and regulatory bodies should join…