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Govt launches ‘Zindagi’ digital app to fight drugs

ISLAMABAD: Prime Minister Imran Khan said on Monday that fighting the drug culture and eradicating it from Pakistan is not only the job of the authorities, but the society as a whole should campaign against the menace. PM Imran was addressing the launching ceremony of “Zindagi” [life] a digital application which aims to curb drug trafficking and also make people ... Read More »

Knitwear worth $1.320b exported in five months of FY2019-20

ISLAMABAD: Knitwear exports from the country during first five months of current financial year grew by 8.69% as compared the exports of the corresponding period of last year. During the period from July-November, 2019 about 51,240 thousand dozen knitwear worth $1.320 billion were exported as compared the exports of 48,315 thousand dozen valuing $1.215 billion of same period of last ... Read More »

IT exports surged 23 per cent during first five months of FY 2019-20

ISLAMABAD: IT and IT enabled services (ITes) export remittances have surged to $439.9 million at a growth rate of 23.35 percent over the first five months of FY 2019-20 (July-November), in comparison to $356.6mn during the same period in last year. According to a statement issued by Pakistan Software Export Board (PSEB), the number of registered IT and ITs companies ... Read More »

CNG stations across Sindh shut down for next 36 hours again

KARACHI: The gas supply to filling stations of Compressed Natural Gas (CNG) across Sindh including Karachi was suspended for 36 hours on Sunday night. According to spokesperson of Sui Southern Gas Company (SSGC) gas supply to CNG station across Sindh was suspended at 8:00pm on Sunday that would be restored at 8am on Tuesday. The SSGC sources said that gas ... Read More »

Flour price set upto Rs64 per kg in Lahore

LAHORE: The Flour Mills Association on Saturday jacked up price of flour to Rs 64per kg in Punjab’s provincial capital. According to the spokesperson of the association, the price of flour with an increase of Rs4 now has been fixed at Rs 64 per kilogram. “The price was increased after the surge in wheat price by Rs7 per kg”, the ... Read More »

Car prices increased by 29pc in 2019

ISLAMABAD: Sales of cars significantly declined after up to 29% increase in car prices in 2019. According to details auto mobile industry suffered a 33% decline in sales and only managed to sell 32,504 units during previous year thus leaving the companies with no choice but to reduce their production due to low demand in the market. According to experts ... Read More »

SNGPL to refund Rs513m to gas consumers over low pressure

ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL) on Saturday announced that it will refund Rs513 million to its consumers in cases where the site pressure was lower than the billing pressure. According to a notification, the SNGPL’s board of directors, on the advice of Prime Minister Imran Khan and after critically examining the matter, “has directed the management to ... Read More »

PM lays foundation stone of Allama Iqbal Industrial City

FAISALABAD: Prime Minister (PM) Imran Khan on Friday has performed groundbreaking of the state-of-the-art Allama Iqbal Industrial City in Faisalabad. According to details, the project will be completed in five years with investment worth Rs400 billion. It will also ensure employment to 0.3 million people. Talking to newsmen in Faisalabad, Chairman Faisalabad Industrial Estate Development and Management Company Mian Kashif ... Read More »

PPPA board approves transaction structure of Sukkur-Hyderabad motorway

ISLAMABAD: The Board of Directors of Public Private Partnership Authority (PPPA) approved the transaction structure for the project of Sukkur-Hyderabad motorway (M6) based upon the recommended option in the feasibility. In its meeting chaired by Minister for Planning, Development and Special Initiatives Asad Umar, the board considered the transaction structures of Public Private Partnership Projects of Sukkur-Hyderabad Motorway and NUST ... Read More »

NAB Rawalpindi files first reference of 2020

ISLAMABAD: National Accountability Bureau (NAB) Rawalpindi filed reference against corruption in Musharraf era ‘Saaf Pani Sab Ke Liye’ program. Project Director Sikandar Javed, GM Nespak Jameel Bajwa, former secretary Shahab Anwar, Jahanzeb Khan and Abdul Moeed Farooqi are nominated as accused in the case. Reference states that accused granted contracts of Rs3.5 billion to fake companies resulting in loss of ... Read More »

Fish exports being enhanced at local level: Senate body told

ISLAMABAD: The Senate Standing Committee on Maritime Affairs on Thursday informed that the Maritime Ministry was taking concentrated measures to enhance fish exports at local level for uplifting living standard of coastal inhabitants. The conferences would be organized locally for better connectivity of fisherman with international market, besides to bring improvement in ship breaking industry, Secretary Maritime Affairs told Senate ... Read More »

CPI inflation grows 12.6pc in December

ISLAMABAD: The overall Consumer price Index (CPI) monthly-based inflation grew by 12.6 percent on year-on-year (YoY) basis in December, 2019 compared to same month of last year, Pakistan Bureau of Statistics (PBS) reported on Wednesday. With base year 2015-16, the CPI national for the month of December 2019 decreased by 0.3 percent on month-on-month (MoM) basis when compared to November ... Read More »

Tax Laws (Second Amendment) Ordinance 2019 comes into force

ISLAMABAD: Tax Laws (Second Amendment) Ordinance 2019 promulgated by President Dr Arif Alvi has come into force from December 26. The Tax Laws (Second Amendment) Ordinance 2019 has been imposed to achieve the targets of Financial Action Task Force (FATF). On December 27, President Dr Arif Alvi had promulgated the Tax Laws (Second Amendment) Ordinance 2019, further amending certain tax ... Read More »

Hafeez Shaikh chairs meeting to review suggestions regarding remittances

ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh presided over a meeting to grant more incentives to overseas Pakistanis who are sending remittances to Pakistan. During the meeting Special Assistant to Prime Minister on Overseas Pakistanis Zulfiqar Ali Bukhari and high officials of State Bank of Pakistan and other commercial banks were also present. The ... Read More »

Rubber tyres, tubes imports reduced by 33.61pc

ISLAMABAD: Rubber tyres and tubes imports into the country during first five months of current financial year reduced by 33.61% as compared the corresponding period of last year. According the data released by the Pakistan Bureau of Statistics, Rubber Tyres and Tubes imports came down from $80,781 million in first five months of last financial year to $53,628 million of ... Read More »

Govt adds additional clause on immovable properties in NAB ordinance

ISLAMABAD: The government has added an additional clause relating to valuation of immovable properties in the recent introduced amendments to the National Accountability Ordinance (NAO), 1999. According to media, the provision says, “Notwithstanding anything contained in this ordinance (containing amendments) or any other law for the time being in force, the valuation of immovable properties for the purposes of assessing ... Read More »

Govt hikes petrol price by Rs2.61 per litre

ISLAMABAD: The federal government on Tuesday increased the price of petrol by up to Rs2.61 per litre for the month of January 2020, according to a notification issued by the Ministry of Finance. According to a notification, the price of petrol has been increased by Rs2.61 per litre, while the price of high-speed diesel has been increased by Rs2.25 Similarly, ... Read More »

2020 to be year of public welfare, prosperity: PM Imran

ISLAMABAD: Prime Minister Imran Khan said that 2020 will be the year of public welfare, development, poverty alleviation and prosperity. Presiding over the media strategy meeting, PM Imran said that bringing improvement in the life of common man will be the focus of his government in the forthcoming year. He said that well-being of people will be his top priority ... Read More »

Pakistan to export electric fans to Vietnam

ISLAMABAD: Pakistan is eyeing the Vietnamese market to export electric fans as the East Asian country’s demand for fans has increased amid rising tourism. In a visit organised by the Engineering Development Board (EDB), a nine-member trade delegation representing electric fan sector visited Ho Chi Minh City in order to develop business-to-business meetings and explore opportunities to enhance exports. The ... Read More »

Rs40b being invested in Gwadar for up-gradation of infrastructure: Asad Umar

ISLAMABAD: Minister for Planning and Development Asad Umar on Monday said the benefits of China-Pakistan Economic Corridor (CPEC) will start to trickle into the productive sectors of the economy including industry and agriculture during the year 2020. The first phase of CPEC (early harvest projects) addressed key infrastructure gaps in the economy with focus on energy and transport bottlenecks, he ... Read More »