The Secretary, of the Ministry of Economic Affairs, Dr. Kazim Niaz, signed on behalf of the Ministry, while Chairman WAPDA, Lt. Gen. (Retd.) Sajjad Ghani, represented WAPDA, said a news release. Ambassador of Kuwait in Pakistan Nassar Abdulrahman Jasser Al. Mutairi graced the ceremony with his presence. This significant financing comes as a result of […]
The Federal Bureau of Revenue (FBR) Chairman has assured the Senate Standing Committee on Finance that the decision will be withdrawn soon. The government had expected to generate revenue of Rs2-3 billion from the sales tax on stationery items. Senator Mohsin Aziz argued that the tax had made stationery items unaffordable for the poor, affecting […]
The project is expected to directly benefit approximately 5 million children, 7,000 head teachers, 165,000 teachers, and more than 3,000 teacher mentors in public schools as well as Punjab Education Foundation schools. Punjab has more than 7 million out-of-school children. GRADES will help the government of Punjab substantially reduce this number and, in parallel, improve […]
The Food and Drug Administration’s change in recommendation, in an update dated Thursday, comes even as Moderna and Novavax — makers of two of the three COVID vaccines — submitted their applications to the agency for updating the fall 2024 season shots with the JN.1 strain. Novavax had said its manufacturing is underway for a […]
The company plans to offer 142.2 million shares or 17.5 percent of Hyundai Motor India as part of the IPO, Bloomberg News reported, citing a draft prospectus filed by the firm. While the pricing is still unclear, local media reports have suggested that the company wants to raise $2.5-3.0 billion through the IPO. India’s biggest […]
Moody’s warned that a resurgence of social tensions on the back of the high cost of living (which may increase because of higher taxes and future adjustments to energy tariffs) could weigh on reform implementation Moody’s said the budget for FY25 outlines a quickening of fiscal consolidation to be achieved through increases in taxes and […]
In a letter to the Sindh chief secretary and secretary of energy, K-Electric has demanded payment of Rs1.7 bln withheld dues from the Sindh government. The letter has a list of 64 defaulter departments of the Sindh government. The government has been urged to clear the dues else the electricity supply will be disconnected. It […]
According to the PBS data, the yearly inflation in Pakistan reached 23.3 percent. The data showed an increase in the prices of 19 essential commodities during the past week. Prices of 8 essential commodities witnessed a drop, while prices of 24 commodities remained stable. During the week, out of 51 items, prices of 19 (37.26%) […]
Chairing a meeting on ease of doing business, the prime minister directed the relevant authorities to establish a one-window operation to simplify documentary procedures for businesses and traders. He also directed to seek assistance from Chinese experts to establish an experimental facility service center modeled after the Shenzhen One-Stop Shop. As regards ease of doing […]
At the same time, they demanded the government strictly enforce actions including the Track & Trace system, which is already in place but half-heartedly implemented nationwide. This has resulted in regulated sector sales being badly hit and provided an opportunity for illicit cigarette manufacturers and marketers to thrive. While presenting the federal budget in the […]
