During the year 2020, the Petroleum Division (PD) aligned its strategy to streamline the matters related to the oil and gas sector, keeping in view the country’s existing and future energy needs, reported the state’s media agency. An ease-of-doing-business plan was introduced by the division along with other radical measures to ensure a level-playing field
Pakistani Rupee Begins the Year With a Slight Loss Against the US Dollar
The first shift for the Pakistani Rupee’s exchange rate against the US Dollar in 2021 came as a loss of 14 paisas on the opening day of the week. With a decrease of 14 paisas, PKR closed at Rs. 159.97 to the USD on Monday (January 4, 2021), as compared to Rs. 159.83 to the
Credit Card Users Decline Due to COVID-19
The number of credit cards’ base and its utility witnessed a decreasing trend among customers despite the reduction in mark-up rates. According to the State Bank of Pakistan (SBP), the number of credit cards declined to 1.63 million in the first quarter of the financial year 2020-21 (July to September) against the previous quarters in
NAB Has Recovered More Money in 3 Years Than It Did in 2 Decades
The National Accountability Bureau (NAB) released its three-year performance report on Sunday, showing a recovery of Rs. 487 billion. However, the report showed that since its formation in 1999, NAB recovered Rs. 714 billion with an overall conviction ratio of 68.8 percent. Of the Rs. 487 billion recovered in the last three years, Rawalpindi NAB
Investigation Exposes Corruption Worth Trillions in Sindh’s Pension Funds
A recent high-level investigation of Sindh’s Finance Department has revealed corruption involving Rs. 2.031 trillion that has been attributed to heavy misappropriation of the pension kitty by the Sindh Treasury. A detailed review of the investigation has revealed implicating evidence against the Finance Department that will undergo another probe by the National Accountability Bureau (NAB).
Sheikh stresses need to monitor demand supply position of daily use items at affordable rates
Minister for Finance and Revenue Dr. Abdul Hafeez Sheikh has stressed the need for effective functioning of authorities to monitor the demand supply position across the country for provision of daily use items to general public at affordable rates. He was chairing the meeting of the National Price Monitoring Committee in Islamabad today (Monday). The
Second Day of 2nd Test: New Zealand 286 for 3 at stumps
On the second day of second and final cricket Test match at Christchurch, against Pakistan, New Zealand in their first innings were 286/3 at stumps on Monday. Earlier, Pakistan in their first innings were all out at 297. Source: Radio Pakistan
Punjab Cabinet body approves 10 development projects
No Comment Government & Politics
The Punjab Cabinet Standing Committee on Finance and Development has approved 10 development projects worth 12.25 billion rupees. According to a spokesman for the Chief Minister Secretariat, these projects include construction of a flyover in Karim Block Allama Iqbal Town Lahore at a cost of 2.20 billion rupees; procurement of Electromedical Equipment for Neurosurgery Department
Terrorists involved in Mach incident to be dealt with iron hands: Liaquat
Spokesman Government of Balochistan Liaquat Shawani has said that terrorists involved in terrorist attack on coal miners in Mach area would be dealt with iron hands. Talking to journalists in Quetta, he said the Chief Minister Balochistan Jam Kamal Khan has directed the concerned authorities for thorough investigation into the tragic incident. He said terrorists
Govt spending huge funds on development of tribal districts: KP CM
No Comment Government & Politics
The Khyber Pakhtunkhwa Chief Minister Mahmood Khan says the provincial government is spending huge funds on the development of tribal districts. Presiding over a review meeting in Peshawar, he said a new era of development and prosperity in these areas with the completion of development projects. The Chief Minister said no compromise will be made