CPEC declared as one of the best performing projects of Belt and Road

CPEC declared as one of the best performing projects of Belt and Road
ISLAMABAD: Deputy Chief of Mission at Chinese Embassy in Pakistan Zhao Lijian says China Pakistan Economic Corridor (CPEC) project is one of the best performing project of his country’s Belt and Road Initiative. He was speaking at a conference on ‘Belt and Road Initiative and CPEC’ in Islamabad on Tuesday. Lijian said the multi-billion dollar CPEC project, which is being... Read More

Pakistan to achieve 6 percent GDP due to investment in CPEC: IMF

Pakistan to achieve 6 percent GDP due to investment in CPEC: IMF
ISLAMABAD: The International Monetary Fund (IMF) has termed Pakistan’s economic outlook as “favorable” with improved availability of energy, and growth-supporting structural reforms. According to latest report released by IMF, confidence of investors in Pakistan is growing as its economy has stabilized after completing a bailout program. It cited Chinese infrastructure investments as one of the reasons for economic development. The... Read More

SBP directs banks to install bio-metric system till Dec 31

SBP directs banks to install bio-metric system till Dec 31
KARACHI: The State Bank of Pakistan (SBP) has directed all micro finance banks to install bio-metric system in their branches till 31st December this year for scrutiny and verification of customers. In a statement in Karachi today SBP said it will also help to check money laundering and terror financing. SBP also directed to install Treasury Management System before June... Read More

PM Nawaz Sharif performs Umrah

PM Nawaz Sharif performs Umrah
RIYADH: Prime Minister Muhammad Nawaz Sharif, who is on private visit to Saudi Arabia, has performed Umrah. Upon his arrival at Masjed-e-Nabvi, he was received by a number of officials of the General Presidency and Special Force for Security of the Holy Mosque. The PM performed Umrah with his family besides paying respects at Roza-e-Rasool (Peace Be Upon Him) in... Read More

Champions Trophy triumph: PM announces reward of Rs 1 crore per player

Champions Trophy triumph: PM announces reward of Rs 1 crore per player
ISLAMABAD: Prime Minister Nawaz Sharif announced a reward of Rs 1 crore for every player of the Pakistan One Day International squad that won the ICC Champions Trophy 2017 tournament, on Tuesday. Minister of State for Information and Broadcasting Marriyum Aurangzeb said that by performing well in the Champions Trophy tournament, the national team had lifted the spirits of the... Read More

Pakistan commences phased fencing of border with Afghanistan

Pakistan commences phased fencing of border with Afghanistan
RAWALPINDI: The phasing of the entire Pakistan-Afghanistan border has been commenced and is continuing, Inter-Service Public Relations (ISPR) said Tuesday. According to the press release issued by the ISPR, as per phase 1, high infiltration prone border areas in Bajaur, Mohmand and Khyber Agencies are being fenced. In phase 2, fencing of remaining border areas including Baluchistan will be executed. Besides... Read More

Hussain Nawaz’s plea rejected by SC

Hussain Nawaz’s plea rejected by SC
ISLAMABAD: The Supreme Court on Tuesday rejected the petition of Hussain Nawaz in the picture leak controversy, which was reserved June 14, just a day ahead of Prime Minister Nawaz Sharif appearance before the joint investigation team (JIT) probing the Panama Papers case. The petition sought stoppage of video recording of Panama Papers case JIT proceedings. A three-member special implementation... Read More

Pakistan, Saudi Arabia enjoy fraternal relations: Mamnoon

Pakistan, Saudi Arabia enjoy fraternal relations: Mamnoon
ISLAMABAD: President Mamnoon Hussain says Pakistan and Saudi Arabia enjoy fraternal relations and all Pakistanis have a special place for Saudi Arabia in their hearts. He expressed these views during his meeting with Saudi King Salman bin Abdul Aziz, along with a delegation in Makkah. The President appreciated the generosity of King Salman towards Muslims visiting Haramain Sharifain and his... Read More

Finance Minister reviews matters related to tax collection

Finance Minister reviews matters related to tax collection
ISLAMABAD: Finance Minister Muhammad Ishaq Dar says prudent policies of the present government has resulted in 60 percent growth in tax revenue collection during the last four years. Presiding over a meeting in Islamabad today to review the matters related to tax collection, he urged the Federal Board of Revenue (FBR) to take all necessary measures to meet the argent... Read More
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