The committee approved the summary presented by the Ministry of Aviation to allow the utilization of eight million dollars available with the National Bank of Pakistan to pay severance and other operational expenses of the Roosevelt Hotel. Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb presided over a meeting of the Economic Coordination Committee […]
K-Electric’s average basic tariff is Rs 34 per unit. The company has requested a hike under the 7-year Multi-Year Tariff (MYT) framework. The EPP component is requested to be fixed at Rs 18.88 per unit, while transmission charges and distribution charges are requested to be Rs 3.48 per unit and Rs 3.84 per unit, respectively. […]
IMF team, led by mission chief Nathan Porter, concluded discussions with the authorities on Thursday after arriving in Pakistan on May 13, the lender said in a statement. “The mission and the authorities will continue policy discussions virtually over the coming days aiming to finalize discussions, including the financial support needed to underpin the authorities’ […]
After being invited to bat first, King gave West Indies a flying start with his belligerent hitting. He lost his opening partner Johnson Charles (1) in the fourth over. However, he continued the onslaught during the 79-run partnership with Kyle Mayers, with King scoring the bulk of runs. The skipper was dismissed by Andile Phehlukwayo […]
Pakistan International Airlines (PIA) flight carrying 171 Pakistani students from Bishkek reached Quetta on Thursday. 95 students belong to Balochistan while 92 belong to other provinces. Balochistan Chief Minister Mir Sarfraz Bugti and others welcomed the students on their return. Families of students were also present in large numbers at the airport. CM Bugti said […]
The two days of drills in the Taiwan Strait and around groups of Taiwan-controlled islands near the Chinese coast started just three days after Lai took office. Taiwan has condemned China’s actions. China, which views democratically governed Taiwan as its territory and denounces Lai as a “separatist”, decried his inauguration speech on Monday, in which […]
According to data shared by the central bank, the net foreign reserves held by commercial banks decreased by US$630 million to $5.43 billion. The total national reserves have decreased by US$41 million to US$14.58 billion. The total liquid foreign reserves held by the country stood at US$ 14,58 billion During the week ended on 17-May-2024, […]
The Mining and Mineral sectors have been on the priority list of Special Investment Facilitation Council and a significant headway has also been achieved in this sector. The Chinese firm MCC Tongsin Resources is a research and investment company and a part of Metallurgical Group Corporation, which has been enlisted among the major Metallurgical Construction […]
This is the fourth petition filed in the high courts against the Pemra ban order. The petitions mentioned as respondents the Pemra chairman and director general, the federal government through the secretaries for interior and law and parliamentary affairs. The petitions called for the Pemra notification to be suspended, set aside, and declared illegal. According […]
The USA defeated Bangladesh in the second T20I of the three-match series at the Prairie View Cricket Complex to register their first T20I series win over a Test-playing nation. Shakib Al Hasan, while talking to the media after the match, stated that the team could not get enough practice due to rain and limited facilities […]
