02102016Wed
Last update: Wed, 10 Feb 2016 10pm

Top Stories

Archive: 

The Joint Action Committee PIA Employees (JACPIAE) on Tuesday called off strike after a 15-day-long protest only after leaving the national flag carrier in complete disarray and profound disorder. Speaking at a crowded press conference, Captain Sohail Baloch, chairman of JACPIAE, said that following an assurance from the government that it would address employees' reservations regarding PIA privatisation the committee has decided to call off its strike and requested the Director Flight Operations (DFO) to resume airline's operations on an immediate basis.
National Assembly Standing Committee on Cabinet Secretariat has approved Rs 18 billion proposed by Aviation Division under Public Sector Development Programme (PSDP) - 2016-17 for 26 development projects for Airport Security Force (ASF), Civil Aviation Authority (CAA) and Pakistan Metrological Department (PMD). The committee approved this proposed amount for next budget-2016-17 in a meeting presided by Rana Muhammad Hayat Khan on Tuesday.
The government has launched Universal Financial Access Imitative, promising to divert maximum possible financial transactions towards digital side for achieving financial inclusion target. President World Bank Dr Jim Yong Kim suggested to the banking sector and other stakeholders to go for digital financing as early as possible to take maximum benefit.
Prime Minister Nawaz Sharif on Tuesday said his government believed in liberal and private sector-driven economy and was creating an ideal business environment for the private sector. Talking to Dr Jim Yong Kim, the President of the World Bank here at the PM House, the Prime Minister said when private sector is adequately facilitated, the business benefits reach the entire country.
The Tax Reform Commission (TRC) has said that the estimates of the Economic Survey on tax expenditure appeared to be unreliable when compared with the Federal Board of Revenue (FBR) strategy paper estimates of tax exemptions/concessions for 2013-14 and 2012-13.
The final report of the Tax Reform Commission (TRC) has strongly recommended amendments to forex regulations to get hold of the black money held abroad by imposing 15 percent tax on the amount of property owned by persons involved in misdeclaration of foreign assets.
Federal Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi has said that Pakistan on Wednesday (today) will sign a deal with Qatar for importing 400 Million Cubic Feet per Day (MMCFD) of Liquefied Natural Gas (LNG) for 15 year. Talking to Business Recorder here on Tuesday, he said that Prime Minister Nawaz Sharif and the Emir of Qatar will witness the signing ceremony of the much-awaited LNG deal between the two countries.