Moody’s upgrades Pakistan’s outlook from negative to stable
–Int’l rating agency expects CAD to continue narrowing in current and next fiscal year –Report foresees Pakistan’s GDP growth to slow to 2.9 per cent in FY2020 from 3.3per cent in last…
PTI government to review development shares for Karachi, Hyderabad
ISLAMABAD: In an apparent attempt to pacify its key coalition partner in the federal government – Muttahida Qaumi Movement-Pakistan (MQM-P) – the Pakistan Tehreek-e-Insaf (PTI) is likely to review development shares for…
IMF approves $450m instalment after first review
–IMF says Pakistan has comfortably met performance criteria for end-September ISLAMABAD: Pakistan and the International Monetary Fund (IMF) reached a staff-level agreement on the first review under the Extended Fund Facility on Friday,…
Rs5.5bn collected through amnesty schemes, NA body told
–FBR chief says 135 individuals opted for tax amnesty scheme offered by PML-N govt in 2018, while 56 people availed PTI scheme in 2019 –Former finance minister Asad Umar criticises amnesty schemes, says…
Illegal appointments in MoST to remain on agenda list
–Senate body to move privilege motion against Fawad Chaudry –Senate Standing Committee on Science and Technology to hold single agenda meeting on university budgets, says Senator Mushtaq Ahmed ISLAMABAD: The Ministry of Science and…
FATF partially happy with Pakistan
–APG’s Mutual Evaluation Report states Pakistan ‘largely but partially’ complied with 36 out of40 parameters –Identifies preventive measures, financial intelligence, money-laundering and terror-financing investigations as Islamabad’s weaknesses –FATF not satisfied with steps…
Business tycoons call on Gen Bajwa as economy nosedives
–Business delegation to call on PM on Thursday to discuss NAB harassment among other things ISLAMABAD: A delegation of at least 20 businessmen, comprising heads of various private companies, called on army…
MoST officials face 33 inquiries in NAB, FIA
–PSQCA Secretary Ghulam Umar Kazi, in-charge of status of pending inquiries, faces five inquiries himself ISLAMABAD: The Ministry of Science and Technology on Wednesday disclosed that least 33 inquiries were pending against…
Victims of bus accident buried in Skardu, Ganche
ISLAMABAD/GILGIT: The funeral prayers of 24 people who died in a deadly road accident near Babusar Top were offered in Gilgit on Monday and were later taken to their native hometowns for burial. Five…
Multan-Sukkur Motorway inauguration delayed as China wishes for mega opening
–Govt was reluctant to give previous government credit by arranging mega event, Ministry of Communication source claims ISLAMABAD: Although the Ministry of Communications, National Highway Authority (NHA) and people were expecting the opening of…
26 dead, over 19 injured in Babusar Pass accident
— Pakistan Army soldiers among passengers who perished in deadly accident –Witness says death toll increased due to sluggish response of authorities ISLAMABAD/CHILAS: At least 26 individuals, including several Pakistan Army troops,…
Centre, provinces lock horns over establishing uniform food standard
–Law Ministry sends matter to CCI for finding a solution ISLAMABAD: Despite government’s utmost efforts for establishing a uniform standard for food items across the country, a deadlock still persists between the…
FBR traces out 13,500 expensive, luxury cars in Sindh
KARACHI: The Federal Board of Revenue (FBR) has tightened the noose against tax defaulters, owning expensive cars and living a luxurious life without caring about their civic responsibilities. The taxation authority has…
GB notifies four more districts, total number of districts now 14
ISLAMABAD: In a historic move, the government of Gilgit Baltistan on Monday notified four more districts in the region making the total number of administrative units to 14. As per the announcement…
Govt allocates additional Rs26bn for FATA at eleventh hour
–Total federal development budget allocation increases to Rs701bn ISLAMABAD: The Finance Ministry on Monday evening allocated additional Rs26 billion for the development of erstwhile Federally Administered Tribal Areas (FATA), Pakistan Today has…
Hafeez Shaikh likely to be appointed as finance minister to present budget
ISLAMABAD: Prime Minister Imran Khan is likely to appoint his adviser on finance, Dr Hafeez Shaikh as the federal minister for finance as the latter is set to announce the annual budget for…
Imran to roll out Rs6.8tr ‘people-friendly’ budget
–Govt expects deficit of Rs3 trillion as opposed to previous Rs1.8tr –Budget envisages fiscal management, revenue mobilisation besides providing relief to masses, job creation and pro-people socio-economic policies ISLAMABAD: Mired in financial crises…