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Business

‘Industrialization under CPEC’: What’s so special in SEZs?

Industrial Revolution had initiated in the 18th century but the world had to wait till 1959 to witness the establishment of first modern Special Economic Zones (SEZ) in Shannon, Ireland. As of 2006, International Labor Organization’s (ILO) database reported 3,500 zones in 130 countries and today you can find more …

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France to provide 165 million Euros loans for energy projects

ISLAMABAD -UNS: France will provide two soft loans amounting to 165 million Euros to the government of Pakistan to finance energy sector projects such as Power Transmission Enhancement Investment Tranche-IV and Mangla power plant rehabilitation project. An agreement was signed on Thursday between French Agency for Development (AFD) Country Director …

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Senate body expresses concern over decrease in country’s export

BY SAJJAD HUSSAIN ISLAMABAD : The Standing Committee on Textile Industry expressed concerns over frequent decrease in country’s export due to non-provision of Sales Tax refunds. The committee also show apprehension on non-availability of basic facilities in textile sector which resulted in increase in trade deficit between import and export. …

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Shocking disclosure: 2700 Pakistanis received Rs 102 bn in gifts: FBR

ISLAMABAD -UNS: The Federal Bureau of Revenue (FBR) on Tuesday made a shocking disclosure during a session of the Senate Committee on Finance that 2,700 Pakistanis received Rs 102 billion in gifts. According to details, the said persons who received hefty amounts have been sent notices as an investigation has …

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Afghanistan agrees to cooperate in Islamabad,Tehrn,Istanbol Container train

ISLAMABAD -UNS : The 9th High Level Working Group Meeting of the ECO Container Train on Thursday expressed satisfaction on a resolution by Afghanistan to cooperate in Islamabad-Tehran-Istanbul container train. “The resolution by Afghanistan to cooperate in the ITI Container Train is the principal accomplishment of the 9th High Level …

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Maryam owns Neilsen, Nescoll companies: AG British Virgin Islands

ISLAMABAD -UNS : The Attorney General of the British Virgin Islands confirmed on Thursday that the Nielsen, Nescoll offshore companies were owned by Maryam Nawaz. It must be borne in mind that the Panama Papers mentioned that Maryam Nawaz was the owner of the Neilsen, Nescoll offshore companies. Maryam had …

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Money laundering started in Sept 1991 by Dar,Saeed Ahmad,Mukhtar Hussain:JIT

KARACHI -UNS :The JIT report said that investigations revealed that the process of money laundering had started in Sept 1991 and some suspicious transactions showed that funds amounting to $2.23 million had been deposited in two accounts opened in the names of Saeed Ahmad and Mukhtar Hussain. Subsequently, all the …

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Chinese company wins contract to build Pakistan’s largest airport

BEIJING -UNS : China Construction Third Engineering Bureau won about 2.6 billion RMB contract to engineer, procure, and construct the Allama Iqbal International Airport. It will be Pakistan’s largest airport after reconstruction, and local infrastructure will be improved too, Peoples’ Daily reported on Tuesday. It is the largest project that …

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FWO announces to complete mega projects M-9,KTDC before stipulated time

KARACHI -UNS : Frontier Works Organization (FWO) has announced early completion of both mega projects Karachi-Hyderabad M-9 Motorway and Karachi-Thatta Dual Carriageway (KTDCW) on 14th August, 2017. This was disclosed by new Chief Operating Officer Brigadier Muhammed Waseem Baber, during briefing to media persons here at Eid Milan gathering. Brigadier …

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