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Business

Corruption in BRT: ADB to conduct Peshawar BRT’s forensic audit

PESHAWAR -UNS : The Khyber Pakhtunkhwa Government has decided to approach the Asian Development Bank (ADB) to conduct an audit into the Peshawar BRT project. The Peshawar BRT project has only managed to achieve six percent of its development targets in the past six months. The ADB will decide who …

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PM expresses satisfaction as current account rises into surplus after 4 years

ISLAMABAD -UNS – Prime Minister Imran Khan on Tuesday expressed satisfaction that Pakistan’s economy has finally headed towards “right direction” as economic reforms have begun bearing fruit. In a tweet shared on his official Twitter handle, the premier stated that Pakistan’s current account turned positive [into surplus] in October 2019, …

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PM orders comprehensive plan to restore closed industrial units

ISLAMABAD: Prime Minister Imran Khan on Thursday said that economic stability was the top most priority of his government. Presiding over a meeting of his economic team in Islamabad, PM Imran emphasized upon a strong economic system and added that the system will restore investors’ confidence, create new jobs and …

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Pakistan, FATF’s Asia-Pacific Group to hold meeting from Sept 8-10.

BANGKOK -UNS– Pakistan and the Asia-Pacific Group of the Financial Action Task Force (FATF) will hold meeting from September 8-10 in Bangkok where the inter-governmental organization will decide whether to clear Pakistan out of the FATF grey list or to move it into the black list. According to sources, the …

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Pakistan to get $3 billion from Qatar

ISLAMABAD -UNS: Qatar is making $3 billion Qatari Riyals worth of new investments in Pakistan, in the form of deposits and direct investments, the Qatari state news agency QNA said on Monday. Following this investment, the economic partnership between Qatar and Pakistan will reach $9 billion, the agency reported, quoting …

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NADRA introduces online app for assets inquiry

Federal Board of Revenue (FBR) chairman Shabbar Zaidi and State Minister Hammad Azhar on Friday has announced that National Database & Registration Authority (NADRA) has introduced an online application for the inquiry of assets. Addressing the press conference in Islamabad, both leaders said that the application will not allow anyone …

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Govt enhanced allocations to protect vulnerable segments: Hafeez

ISLAMABAD -UNS – Adviser on Finance Hafeez Sheikh has said despite difficult economic situation, the government has enhanced allocations for protection of vulnerable segments of the society and development projects in the next year’s fiscal budget. Flanked by Planning Minister Makhdoom Khusro Bakhtiar and Minister of State for Finance Hammad …

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Tax target set at Rs5,500 billion in upcoming budget

ISLAMABAD -UNS – The proposed budget strategy paper estimated the next year’s federal current expenditure at more than Rs6 trillion, following which the federal expenses are expected to reach Rs4 trillion. As the federal government is set to announce the federal budget for the upcoming financial year 2019-20 on June …

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Huawei: US blacklist will harm billions of consumers

A US move to put Huawei on a trade blacklist “sets a dangerous precedent” that will harm billions of consumers, the firm’s top legal officer said. Speaking at a press conference, Song Liuping said the trade ban would also “directly harm” American companies and affect jobs. Washington recently added Huawei …

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