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PM, House speaker discuss measures to expand health insurance

AMMAN: Lower House Speaker Atef Tarawneh and members of the Chamber’s permanent office met on Thursday with Prime Minister Hani Mulki, the Jordan News Agency, Petra, reported. Tarawneh stressed the importance of cooperation between the legislative and the executive authorities to serve the national interest. The speaker urged ministers to give “complete and convincing answers” to deputies’ questions, and to ... Read More »

PM Tsipras tells U.S. Treasury’s Lew Greece wants deal

ATHENS: Greek Prime Minister Alexis Tsipras told U.S. Treasury Secretary Jack Lew that Athens aimed to reach a deal with its lenders, a Greece government official said, giving no details. “He briefed him about the negotiations and expressed the Greek side’s intention to bridge differences between the two sides,” the official said. Athens has been racing to reach a deal ... Read More »

Greece’s PM Tsipras sees EU- Greece deal on 06th June

ATHENS: Greece Prime Minister Alexis Tsipras emerged from late-night talks with senior EU officials in Brussels saying a deal with creditors was “within sight” and that Greece would make a payment due to the IMF on Friday. But while the European Commission said “progress was made in understanding each other’s positions”, the leftist-led Greek government still rejects benefit cuts and ... Read More »

Greece’s PM Tsipras sees EU- Greece deal on 06th June

ATHENS: Greece Prime Minister Alexis Tsipras emerged from late-night talks with senior EU officials in Brussels saying a deal with creditors was “within sight” and that Greece would make a payment due to the IMF on Friday. But while the European Commission said “progress was made in understanding each other’s positions”, the leftist-led Greek government still rejects benefit cuts and ... Read More »

Tunisian PM Urges Portuguese businessmen to Invest in Tunisia

LISBON: Speaking at the economic forum held on the sidelines of the 3rd Tunisian-Portuguese high-level meeting in Porto. The Prime Minister Habib Essid Friday urged Portuguese businessmen to invest in Tunisia and said efforts are being made to provide a favourable business climate. The PM said the security situation in Tunisia has considerably improved.”Tunisia knows very well how to stand ... Read More »

Ahmet Davutoğlu announces economic measures worth 7.5 billion Turkish Liras

ANKARA: Prime Minister Ahmet Davutoğlu has announced a series of measures worth around 7.5 billion Turkish Liras to increase employment, spanning from vocational training support for employers to tax reliefs, ahead of parliamentary elections in June. The package includes a 4-billion-lira boost to pensions and the creation of 120,000 temporary jobs, said Davutoğlu at a press conference with the government’s ... Read More »

Japanese PM Shinzo Abe plans to lower corporate tax rate by 2.5%

TOKYO: One of the highest among major economies, Japan’s government is considering lowering the corporate tax rate by 2.5 percentage points next fiscal year to increase corporate competitiveness. Shinzo Abe Japanese Prime Minister had been planning to lower the corporate tax rate over several years to around 20 percent from more than 35 percent currently. Abe wants to make a ... Read More »

PM Nawaz asks CMs to ensure cut in transport fares, food prices

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif has directed chief ministers to ensure that the impact of reduction in petroleum prices reach the common man. Chairing cabinet meeting in Islamabad, he directed the provincial governments to keep a check on transport fares and on prices of basic commodities. He said reduction in the prices of petroleum products has been made possible ... Read More »

Petrol pumps crush PM’s order, start selling petrol at Rs110/ltr

LAHORE: Petrol pump owners across Punjab have refused Rs 9.43 per litre cut in petrol price and closed down their petrol pumps on Saturday against Prime Minister Nawaz Sharif’s decision. Motorists and other vehicles owners are facing severe difficulties in different cities of Punjab including Lahore, Faisalabad, Multan, Bahawalpur and Sialkot due to petrol pump owners shutting down of their ... Read More »

FBR to open 600 jobs stalled due to PM-President rift

Former PM and president violated merit and put “jobs for sale” tag   ISLAMABAD: The Federal Board of Revenue (FBR) has decided to recruit as many as 600 Grade 1-16 officials to overcome a shortage of manpower. The recruitment aims at improving enforcement system. Ads will be published in the newspapers in this regard. The FBR is facing a shortage ... Read More »

2669 staffers of Pakistan Steel to retire in 3 years

ISLAMABAD: Summary for the recruitment as replacement of technical and non technical staff of the Pakistan Steel Mills (PSM) has been moved to the Prime Minister for approval. Out of 15274 existing PSM staff some 2669 highly technical and qualified will retire in coming three years while some 6,000 will retire by 2020. Moreover, there is already a shortfall of ... Read More »

PM directs ministries to complete power projects ‘urgently’

ISLAMABAD: Prime Minister Mian Muhammad Nawaz Sharif, keeping the prevailing power crisis and its related problems faced by the masses in mind, has ordered Ministries of Water & Power and Petroleum & Natural Resources to ensure early completion of power projects. The prime minister, chairing a high-level meeting at the PM’s House, also directed the ministries that there would be ... Read More »

PM takes notice of overbilling, electricity theft

ISLAMABAD: Prime Minister Nawaz Sharif has taken the notice of overbilling and theft of electricity and established a special committee under the supervision of Water and Electricity Advisor Mussadaq Malik. He instructed that the committee will present the report within a week to solve the complaints of electricity consumers. Federal ministers Chaudhry Nisar Ali Khan, Shahid Khaqan Abbasi, Abbas Afridi ... Read More »

PM convenes meeting on withdrawal of tax exemptions

ISLAMABAD: Prime Minister Nawaz Sharif will convene an important meeting on Friday (today) for finalizing hundreds of tax exemptions and withdrawals of concessions through Statutory Regulatory Orders (SROs) in the upcoming budget. In order to achieve a challenging revenue collection target of Rs 2,810 billion in the next fiscal year against twice revised target of Rs 2,275 billion in outgoing ... Read More »

Gwadar ‘free port’ to be a game changer for whole region: Nawaz

GAWADAR: Prime Minister Nawaz Sharif on Thursday said the current government plans to develop Gwadar as a ‘free port’ on the lines of Dubai, Singapore and Hong Kong ports. The Planning Commission has been tasked with an exercise to hire international consultants for this purpose. The Prime Minister said the government had a broad-based plan for the development of Gwadar ... Read More »