Author Archives: web Desk

Steps Afoot to Remove All Hurdles in Foreign Investment: Shaukat Tarin

Advisor to the Prime Minister on Finance and Revenue Shaukat Tarin has said that government will remove all the hurdles lying in the way of foreign investment in the country as it welcomes and supports investors. He made these remarks

Cold, dry weather expected in most parts of the country

Mainly cold and dry weather is expected in most parts of the country during the next twelve hours. However, smog and shallow fog is likely to prevail in plain areas of Punjab. Cloudy weather with light rain and snowfall over

President Alvi Directs Bank to Compensate for Account Holder’s Loss of Rs. 800,000

President Dr. Arif Alvi on Thursday upheld the decision of the Banking Mohtasib directing a private bank to credit the lost amount of Rs. 800,000 to the victim of bank fraud. The President rejected the representation of the bank against

Razak Dawood Calls for Closer Economic Ties with Africa as PATDC Concludes

Adviser to the Prime Minister on Commerce, Abdul Razak Dawood, emphasized the need for closer economic ties between Pakistan and Africa to harness mutual benefits in trading activities. The adviser was speaking at the closing ceremony of the second Pakistan-Africa

CBD Punjab Highlights Investment Potential of Province at Dubai Expo 2020

The Government of Punjab has been successful in garnering the interest of foreign investors at Dubai Expo 2020 by showing the investment potential of Punjab in tourism, technology, and sustainable urban development. At the Expo, Lahore Central Business District Development

Russia Keen on Enhancing Bilateral Cooperation in Pakistan’s Energy Sector

Federal Minister for Economic Affairs, Omar Ayub Khan, on Thursday, visited the TMK pipe factory in the Russian city of Yekaterinburg along with Minister of Energy of the Russian Federation, Nikolai Shulginov. The Russian side showed its interest in enhancing

PM accords approval to merger of ERRA into NDMA

Prime Minister Imran Khan has accorded approval to the merger of Earthquake Reconstruction and Rehabilitation Authority into National Disaster Management Authority. Presiding over a meeting of the ERRA Council in Islamabad today [Wednesday], he issued directives to hand over 2,200

Finance Ministry Rubbishes False Claims About LNG Shortfalls During Winters

In an interesting development, a certain news item published in the national daily, The News, titled, “Govt couldn’t purchase gas Cargoes in time, admits Tarin,” has been dubbed by the Finance Ministry as misleading and out of context. When the

ECNEC approves 69 km long Sialkot–Kharian Motorway

Executive Committee of the National Economic Council has approved Sialkot–Kharian Motorway project costing Rs.43,382.552 million for construction of 69 kilometer long, 04-lane wide Sambrial- Kharian Motorway. Adviser to the Prime Minister on Finance and Revenue Mr. Shaukat Tarin, chaired the

Dozens of Companies Are Pulling Out of China to Set Up in Gwadar

Ministry of Maritime Affairs has informed the Senate Committee that 40-45 Chinese companies are being dislocated from China and anticipated to set up their plants in Pakistan, especially in Gwadar, in the next two years. The Senate Standing Committee on