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Chinese businessmen visits FIEDMC to explore investment opportunities

FAISALABAD: A Chinese investors delegation Wednesday visited Allama Iqbal Industrial City, a mega prioritized project of Special Economic Zone (SEZ) of Faisalabad Industrial Estate Development and Management Company (FIEDMC) under CPEC to strengthen bilateral trade relations through exploring business potential and investment opportunities. Chairman FIEDMC Mian Kashif Ashfaq and Chief Operating Officer Muhammad Aamer Saleemi received the delegation and apprised ... Read More »

NAB to approach HEC library to benefit NAB prosecutors: Chairman Javed Iqbal

ISLAMABAD: National Accountability Bureau (NAB) Chairman Justice (r) Javed Iqbal said that the Bureau had planned to approach the Higher Education Commission (HEC) for using its library for future benefit of NAB prosecutors. Presiding over a fortnightly meeting to review performance of NAB’s operation, prosecution and all regional bureaus of the NAB, he said E-Library having more than 50,000 electronic ... Read More »

Price of moong pulse hits all-time high of Rs220-260 per kg

KARACHI: The price of moong pulse has hit an all-time record of Rs220-260 per kg in retail markets from Rs180-200 per kg in the last few days, while flour prices in Sindh have failed to show any signs of easing despite start of releasing of wheat stocks by Passco to the province on the direction of the federal government. According ... Read More »

Japan, Belarus envoys pay courtesy call on Hammad Azhar

ISLAMABAD: Japanese Ambassador Kuninori Matsuda and Belarus Ambassador Andrei Ermolovich paid a courtesy call on Federal Minister for Economic Affairs Division Hammad Azhar on Tuesday. Talking to the envoys, Hammad Azhar said there was a lot of potential in Pakistani market for both insk and Tokyo to invest, according to an EAD press release. He said the government was focusing ... Read More »

PM inaugurates Pakistan Post’s Remittance Scheme

ISLAMABAD: Prime Minister Imran Khan on Tuesday said that the country can only progress by working on the system of merit and the government will introduce reforms in the institutions to bring more improvement. Addressing the inauguration of Pakistan Post s Remittance Scheme on Tuesday, he said that the primary task of the government is to create ease for the ... Read More »

Weekly inflation falls 0.03pc

ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on December 19 for the combined consumption group decreased by 0.03 percent as compared to the previous week. The Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 130.02 points against 130.06 points registered in the previous week, according ... Read More »

Pakistan to export 100,000 tons of mango to China in current FY

BEIJING: The Chinese markets are open to Pakistan’s agricultural products, especially good quality fruits, as China had either suspended or reduced agricultural products from some countries. In the past, China imported a large number of fruits from India and Australia. Due to the recent outbreak of a virus in India, China had suspended the import of fruits from India for ... Read More »

Balochistan’s revenue collection increases by 164pc

ISLAMABAD: Balochistan government has collected Rs7.84 billion revenue so far in the first half of the fiscal year 2019-20, projecting around 164 per cent increase as compared to the corresponding period of last year. “Balochistan Revenue Authority (BRA) and other departments have collected huge revenue during the first six months of current fiscal year compared to Rs4.90 billion in the ... Read More »

Ahsan Iqbal handed over to NAB on 13-day physical remand in Narowal Sports City case

ISLAMABAD: An accountability court on Tuesday granted the National Accountability Bureau (NAB) a 13-day remand of Ahsan Iqbal in connection with the Narowal Sports City corruption case. A day earlier, the former interior minister had been arrested by the National Accountability Bureau (NAB) as he appeared before it in relation to an ongoing inquiry into the case. The anti-graft body ... Read More »

Govt to establish ‘Frontier Zone’ for hydrocarbon drilling along Afghan border

ISLAMABAD: The government is set to establish a ‘Frontier Zone’ for exploration of hydrocarbon energy sources in the regions along the border with Afghanistan. According to a report published by media on Monday, the zone is likely to be part of an amended Petroleum Policy 2012. The policy will be presented for the approval at the meeting of the Council ... Read More »

Pakistan, Japan sign agreement for employment of trained labourers

ISLAMABAD: Islamabad and Tokyo have signed an agreement for providing employment to trained Pakistani labourers in Japan. The agreement was signed in the presence of Special Assistant of Prime Minister on Overseas Pakistanis and Human Resource Development, Zulfiqar Bukhari, Adviser to Japanese premier, Japan Ambassador to Pakistan, Foreign Secretary Sohail Mahmood and other high-level officials. The newly-signed memorandum of cooperation ... Read More »

Ahsan Iqbal arrested by NAB in Narowal Sports City case

RAWALPINDI: Pakistan Muslim League-Nawaz leader Ahsan Iqbal was arrested on Monday by the National Accountability Bureau as he appeared before it in relation to a corruption case. According to a NAB spokesman, the authority has arrested Ahsan Iqbal in relation to the Narowal Sports City Complex case. The NAB’s Rawalpindi chapter had summoned Iqbal in relation to the case today. ... Read More »

Pakistan earns $166m from travel services’ export in 4 months

ISLAMABAD: Pakistan earned $166.940 million by providing different travel services in various countries during the first four months of the current financial year 2019-20. This shows growth of 22.69 percent as compared to $136.070 million same services were provided during the corresponding period of fiscal year 2018-19, Pakistan Bureau of Statistics (PBS) reported. During the period under review, the personal ... Read More »

Cutlery exports increase 10pc in five months

ISLAMABAD: The cutlery exports from the country witnessed an increase of 10.48 percent during the first five months of current financial year (2019-20) as against the exports of corresponding period of last year (2018-19). Pakistan exported cutlery worth $40.003 million during July-November (2019-20) against the exports of $36.209 million during July-November (2018-19), showing growth of 10.48 percent, according to the ... Read More »

PTA takes up ‘hacking software’ reports with WhatsApp management

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) said it was aware of the reports pertaining to hacking software targeting WhatsApp users. In a statement issued on Twitter, the PTA said it had “taken up the matter with WhatsApp management”. It added that it intended to “get the details of users that were targeted in Pakistan but also to have an update ... Read More »

Court extends judicial remand of Rana Sanaullah till Jan 4

LAHORE: An anti-narcotics court on Saturday extended judicial remand of Rana Sanaullah till January 4, 2020, in alleged drugs recovery case. Sanaullah’s lawyer, Farhad Ali Shah, said that Minister for Narcotics Control Shehryar Khan Afridi earlier claimed that footage of the drug bust was recorded at the time of arrest. He appealed the court to order the provision of video. ... Read More »

Food exports increase by 16.20pc, imports decline by 15.36pc in five months

ISLAMABAD: Food group exports from Pakistan during first five months of the current fiscal year increased by 16.20 percent as compared to the exports during the corresponding period of the last year. Food commodities worth $1.757 billion were exported from July-November, 2019-20, as compared to the exports of $1.512 billion in the same period last year, the data of Pakistan ... Read More »

PIA hikes fares for domestic flights

KARACHI: The Pakistan International Airlines (PIA) and other private airlines have jacked up their fares for their domestic passengers. After the revision of fares, a one-way trip from Karachi to Lahore, Islamabad will cost Rs 35,000 and while fare from Lahore to Karachi and Quetta has been increased by Rs 10,000 and Rs 15,000 respectively. Similarly, the private airlines are ... Read More »

Pakistani manufactures to take part in ‘Heimtextil’ exhibition

ISLAMABAD: Heimtextil is celebrating its 50th anniversary from 7th – 10th January 2020 in Frankfurt, Germany. Around 3,000 exhibitors, including 220 Pakistani manufactures, would participate in the four-day fair. Pakistan was the 4th largest international exhibitor at Heimtextil and the 5th largest international visitor country in 2019. According to Messe Frankfurt SP Pakistan, the number of Pakistani exhibitors at Heimtextil ... Read More »

Food exports increase by 16.20pc, imports decline by 15.36pc in five months

ISLAMABAD: Food group exports from the country during first five months of current financial year increased by 16.20% as compared the exports of the corresponding period of last year. Food commodities worth $1.757 billion exported from July-November, 2019-20 as against the exports of $1.512 billion of same period of last year, according the data of Pakistan Bureau of Statistics. On ... Read More »