By Staff Reporter
ISLAMABAD: The Public Accounts Committee (PAC) has sent for former chairman National Accountability Board (NAB) Justice (retd) Javed Iqbal after one Tayyaba Gul accused him of harassing her, it is learnt.
Top Stories
Development: Ecnec passes Rs395.8 billion projects
By Staff Reporter
ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved various infrastructure projects costing Rs395.8 billion, including the Hyderabad-Sukkur Motorway, a statement said on Wednesday.
Closing in on IMF loan: Provinces to ink surplus revenue MoUs shortly
By Staff Reporter
ISLAMABAD: The provinces have consented to sign a Memorandum of Understanding (MoU) to generate a revenue surplus of Rs750 billion this fiscal year to narrow the federal budget deficit to 4.9 percent of the GDP (gross domestic product) as demanded by the IMF, it is learnt.
Same Page: Govt, military launch talks with outlawed TTP
By Staff Reporter
ISLAMABAD: Parliamentary Committee on National Security (PCNS) on Tuesday formally approved the process of negotiations with the outlawed Tehreek-e-Taliban Pakistan (TTP) within the ambit of the constitution.
Tax Evasion: Tobacco sector directed to implement Track & Trace System
By Staff Reporter
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday directed cigarette manufacturers to join the Track and Trace System regime with effect from July 1, 2022, to bring the sector’s larger tax evading part in the tax net.
Risking Bailout: Cabinet drags feet on phased power tariff hike
By Staff Reporter
ISLAMABAD: The Federal Cabinet is yet to give a go-ahead to phasing in a power tariff hike of Rs7.92/unit as committed with the IMF, which might have consequences for the bailout pogramme, it is learnt.
Anomalies: Petroleum Division engages SECP to vet Eni-PIOGCL deal
By Staff Reporter
ISLAMABAD: Petroleum Division has raised questions over Hub Power Holding Limited’s (HUBCO) undertaking about the transfer of entire share capital of Eni Pakistan Limited to Prime International Oil & Gas Company Limited (PIOGCL), while moving the corporate regulator to vet the case for clarity, it was learnt on Monday.
Miftah says IMF talks progressing well
By Staff Reporter
ISLAMABAD: Minister for Finance Miftah Ismail on Monday claimed the IMF programme was coming along very well, but the fund has not shared the nine tables with the Memorandum of Economic and Financial Policies (MEFP), required for the completion of combined reviews, which casts tons of doubts on the finance chief’s damage-control statements, raising serious concerns over the fate of economy.
Surging Imports: Trade deficit widens 55.29pc to $48.25bn
By Staff Reporter
ISLAMABAD: Trade deficit widened by a gargantuan 55.29 percent in the fiscal year ended on June 30, 2022 primarily powered by a surge in petroleum and foods imports that outpaced the exports by a mammoth margin.
Covid Comeback: Pakistan sets off alarms as new cases go north
By Staff Reporter
ISLAMABAD: Setting off serious alarms for the first time since the new Covid variant’s outbreak in Pakistan, the country’s top health official on Monday appealed to the people to not to let their precautionary guard down in any way to save themselves as well as others from the pandemic.