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Tahir Amin

Business

Implementation of CPEC second phase to begin anytime soon

Pakistan and China are all set to begin implementation of the second phase of China Pakistan Economic Corridor (CPEC) envisaging 27 projects focused on social sectors, poverty alleviation, training, research and improving agriculture productivity at an es
Published 11 Feb, 2020 12:00am
NHA board approves Nespak for Torkham-Jalalabad road project
Business

NHA board approves Nespak for Torkham-Jalalabad road project

The National Highways Authority (NHA) executive board has approved the supervisory consultants M/s NESPAK for the additional carriageway of Torkham-Jalalabad road project for an amount of Rs117.873 million which is 202.90 percent above the original consul
Published 09 Feb, 2020 12:00am
Print

PSDP funds: IMF for maximum utilisation: Umar

Planning and Development Minister Asad Umar Friday said the International Monetary Fund (IMF) has emphasized maximum utilization of development funds and the government is targeting to utilize Rs701 billion allocated under Public Sector Development Progra
Published 08 Feb, 2020 12:00am
Print

Combined income groups: SPI inflation up 0.21 percent WoW

Sensitive Price Indicator (SPI) based weekly inflation for the combined income groups during the week ended February 6 increased by 0.21 percent against the week ended January 30, 2020. The SPI on an annual basis went up by 17.58 percent, said SPI data re
Published 08 Feb, 2020 12:00am
Print

Moody's eyes 'stable outlook' for banking system

Moody's Investors Service said the robust funding and liquidity and close links with the sovereign underpin stable outlook for the Pakistan banking system over the next 12-18 months.
Published 07 Feb, 2020 12:00am
Print

Importers not interested in importing duty-free wheat: ministry

The Min-istry of National Food Security and Research Tuesday informed a parliamentary panel that importers are not interested in 0.3 million tons duty-free import of wheat owing to uncertainty in the market. Federal Secretary for National Food Security &
Published 05 Feb, 2020 12:00am
Print

Debt to GDP ratio projected to decline in coming years

Federal Minister for Economic Affairs Hammad Azhar said on Saturday that with currency stabilizing and deficits receding, the country's debt to GDP ratio is projected to decline in coming years. The minister took to Twitter and stated, "Pakistan's public
Published 02 Feb, 2020 12:00am
Print

January CPI up 14.6 percent YoY

The national Consumer Price Index (CPI) witnessed an increase of 14.6 percent on year-on-year (YoY) basis in January 2020 against the same period of 2019, monthly review of price indices released by Pakistan Bureau of Statistics (PBS) revealed Saturday.
Published 02 Feb, 2020 12:00am
Print

Senate body passes AML bill with amendments

The Senate Standing Committee on Finance Friday passed the Anti-Money Laundering (Amendment) Bill, 2019 with several amendments including increase in fine to ten million rupees and ten years imprisonment for money laundering, aimed at streamlining the exi
Published 01 Feb, 2020 12:00am
Technology

Rs 100 million grant approved for e-governance programme

The Ministry of Information Technology and Telecommunication is unlikely to implement e-governance programme by June 2020, as project cost escalates from Rs1.4 billion to Rs1.8 billion due to depreciation of rupee as well as delay in procurement, it is le
Published 30 Jan, 2020 12:00am
Pakistan

Efforts afoot to introduce single curriculum: Shafqat

"The proposed developed projects of the Ministry of Federal Education and Professional Training under the Public Sector Development Programme (PSDP) will focus on introducing a single curriculum, increase in literacy rate and reduce number of out-of-schoo
Published 30 Jan, 2020 12:00am
Print

Decline in cotton output to cost farmers $6 billion, NA panel told

Decline in production of cotton by five million bales in the current year will cost farmers $6 billion, a parliamentary panel was informed Tuesday. This was revealed before the National Assembly Standing Committee on Science and Technology, which met with
Published 29 Jan, 2020 12:00am