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Carpets, rugs and mats exports increase record 3.67pc

ISLAMABAD: Carpets, rugs and mats exports during FY 2020-21 grew by 3.67% as compared to the exports of the corresponding period of last year. During the period from July 20, carpets, rugs and mats worth $5,487 thousand were exported as compared to the exports of $5,293 thousand of same period of last year. According the data released by the Pakistan ... Read More »

Accountability court seeks one-year time for trial of Ashiana reference

LAHORE: Accountability court on Friday has sought one-year time for the trial of Ashiana Housing reference against Shehbaz Sharif. According to details, accountability judge Amjad Nazir Chaudhry has written a letter to Lahore High Court (LHC), stating that statements of five witnesses have been recorded so far while more time is required for the conclusion of the case. It is ... Read More »

PIA further slashes fares for domestic destinations

KARACHI: Pakistan International Airlines (PIA) has made an announcement for further reduction in fares for the domestic destination. The PIA spokesperson said that reduced fares have been introduced by the national carrier for flights between Karachi, Lahore and Islamabad. According to the new package announced for flights between Islamabad, Karachi and Lahore, the airline fixed Rs7,400 for one-way ticket along ... Read More »

High standard labs being set up to promote Pakistani products in world markets: PM Imran

ISLAMABAD: Prime Minister Imran Khan said that the government was specially focusing on the establishment of high standard laboratories to promote Pakistani products at the international level. Chairing a meeting with prominent businessmen from various sectors, he said the government was paying special attention to the introduction of technology and innovation in agriculture and other fields. Minister for Information and ... Read More »

MoIP starts review of automotive policy: Hammad Azhar

ISLAMABAD: Federal Minister of Industries and Production, Hammad Azhar Thursday said that his ministry and Engineering Development board (EDB) had started work to review automotive sector policy. In a Tweet, he said that the policy would address the issue of premium being charged due to overbooking of cars. He said that previously the government announced Electric Vehicle (EV) Policy for ... Read More »

NAB unearths unaccounted transactions to ex-PM Abbasi’s account

ISLAMABAD: The National Accountability Bureau (NAB) has filed a supplementary reference against former prime minister Shahid Khaqan Abbasi in the LNG scam, making startling revelations about transfer of funds to his account from a UAE-based firm. According to the reference, Shahid Khaqan Abbasi had been receiving funds from Trinity Company located in the UAE, said to be working with an ... Read More »

Telenor Pakistan CEO shares expansion plans with APM Shaikh

ISLAMABAD: Telenor Pakistan CEO Irfan Wahab Khan on Thursday met Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh to brief him on the services offered by the company and its expansion plans in the country. The CEO conveyed his company’s intention to increase its investment volume in Pakistan with help and assistance from the government, according to ... Read More »

ECC approves hike in power tariff for K-Electric consumers

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet here at the Cabinet Division. In order to meet the financial challenges faced by Roosevelt Hotel, New York, ECC approved the amount up to $142 million for PIA-IL on the recommendation of the Committee ... Read More »

FIA nabs five NBP employees involved in Rs472m fraud

ISLAMABAD: The Federal Investigation Agency (FIA) has arrested five officials of the National Bank of Pakistan (NBP) and one foreigner for involvement in Rs472 million fraud at Khaira Gali and Khanaspur Galyat branches. The arrested employees include Khanaspur branch manager Sardar Jahangir, Khaira Gali branch manager Najmul Hassan and three other officials. FIA-Abbottabad also arrested a Nigerian national Anyihsunday after ... Read More »

CM Punjab did not submit reply to NAB questionnaire: Saleem Shahzad

LAHORE: Director-General National Accountability Bureau (NAB) Saleem Shahzad on Wednesday said that Chief Minister of Punjab has not submitted answers to anti-graft watchdog’s questions in a case of issuance of liquor license to a hotel in violation of the law. Saleem Shahzad revealed that NAB has already sent two notices to Usman Buzdar and reiterated that anti-graft watchdog is not ... Read More »

Missing Persons Commission settles 4642 cases upto August 31

ISLAMABAD: Missing Persons Commission has disposed of 4642 cases upto August 31, 2020 as per monthly progress report released by Secretary (ColoED) on cases of alleged enforced disappearances for the month of August 2020. A total number of 6729 cases were received by the Missing Persons Commission upto July 2020. During August 2020, 23 more cases were received by the ... Read More »

NAB launches land acquisition inquiry against Nawaz, Shehbaz

LAHORE: The National Accountability Bureau (NAB) has expanded the scope of its land acquisition inquiry against Maryam Nawaz by making ex-premier Nawaz Sharif and Opposition Leader in the National Assembly Shehbaz Sharif part of it. Sources familiar with the development relayed the national graft buster that has already been probing a case against Maryam for allegedly illegally acquiring hundreds of ... Read More »

SC approves bail off Omni Group chief Anwar Majeed in fake accounts case

ISLAMABAD: The Supreme Court on Wednesday accepted the bail petition of Omni Group chief Anwar Majeed in the fake bank accounts case and directed him to cooperate with the National Accountability Bureau (NAB). The bail will be rejected if the accused does not cooperate with the anti-graft agency, the court said while directing authorities to place him on the Exit ... Read More »

Punjab CM approves biometric verification system for vehicle registration

LAHORE: Punjab Chief Minister Sardar Usman Buzdar on Tuesday gave a go-ahead to the launch of a biometric verification system for new registration and transfer of ownership of vehicles in the province. The approval came during a high-level meeting presided over by the chief minister. An amendment will be brought to Punjab Vehicles Rules 1969 to pave the way for ... Read More »

NAB chairman okays rotation, transfer policy for staff

ISLAMABAD: National Accountability Bureau (NAB) Chairman Justice (retd) Javed Iqbal on Monday approved a new policy of appointments and transfers in the accountability watchdog. According to a NAB handout, the BPS-16 or above grade official could remain posted at a station for three years and their stay could be extended up to five years. However, an appointment for five years ... Read More »

Zero-rated industries to get electricity, gas at discounted rates

ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood announced on Tuesday that zero-rated industries will be supplied gas and electricity at discounted rates. Taking to Twitter, he said a meeting of officials of the Ministries of Commerce, Finance, and Energy took place today wherein it was agreed that “erstwhile 5 zero-rated industries will be given ... Read More »

NEPRA okays Rs0.86 per unit increase in electricity tariff

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday approved Rs0.86 per unit increase in power tariff on account of fuel cost adjustment of electricity. The fuel adjustment charges for the month of July would be charged in consumer bills in next month. The power regulator gave its approval after hearing a request by the Central Power Purchasing Agency ... Read More »

SBP issues instructions to banks regarding import of sugar

KARACHI: State Bank of Pakistan (SBP) on Monday issued instructions to banks regarding import of sugar by private importers. The central bank said that the ministry of commerce had issued a public notice stating that the government had allowed import of 200,000 tons of white sugar by private importers as per the terms and conditions mentioned therein. The SBP said ... Read More »

Sales tax to be 0pc on input stage for EV: MoIP

ISLAMABAD: A number of tax incentives and exemptions for two and three wheeler vehicles are on the card as the Ministry of Industry and Production (MoIP) and the Ministry of Climate Change (MoCC) finalised their proposals. Sources said that a high level committee, under the chair of Advisor to the Prime Minister on Commerce Razzaq Dawood, held a meeting with ... Read More »

Brighto Paints opens second showroom in Qatar

DOHA: Brighto Paints with its partnering firm Unique Trading Company sought to further globalize the Pakistani paint industry while simultaneously strengthening ties with Qatar by opening its second exclusive showroom in Qatar. Attendees included dignitaries and businessmen who are at the forefront of furthering economic ventures between Qatar and Pakistan such as Syed Ahsan Raza Shah the Pakistani Ambassador to ... Read More »