PM’s ‘ambitious’ plan to build 5 million low-cost houses needs clarity: analysts on September 16, 2018KARACHI: According to research analysts, Arsalan Ahmed and Ali H. Zaidi, the Prime Minister Imran Khan’s announcement to build 5 million low-cost houses would approximately cost around Rs 6 trillion. According to analysts, in order to make this ‘ambitious’ plan a reality, government needs to clarify source of funding for the project, and the other […]
Hi-Tech Auto Parts applies for IPO on September 14, 2018KARACHI: Loads Limited’s completely owned subsidiary, Hi-Tech Auto parts (Private) Limited, has formally applied for an initial public offering (IPO) on the Pakistan Stock Exchange (PSX). The subsidiary has submitted the draft prospectus for issue of shares to high net-worth individual institutional investors through book building, followed by issue of shares of the company to […]
Overseas Pakistanis’ donation a fraction of fund received so far on September 8, 2018The share of overseas Pakistanis’ contribution to the Supreme Court of Pakistan’s Diamer Bhasha and Mohmand Dam Fund is only a fraction of the Rs1.939 billion donations received so far, the State Bank of Pakistan (SBP) statistics gathered till September 6 show. Overseas Pakistanis have contributed a mere Rs21.6 million to the fund, against Rs1.918 […]
Revision approved in gas tariffs to hit poorest segments the hardest on September 6, 2018KARACHI: Revisions in the prices of natural gas approved by Prime Minister (PM) Imran Khan on Wednesday will hit the poorest segments of the domestic consumers hardest. PM Imran Khan took the first unpopulist decision of his government on Wednesday as he approved a summary enabling the two government-owned gas utilities, Sui Northern Gas Pipeline […]
Police launch WhatsApp helpline in the metropolis on September 5, 2018KARACHI: The Sindh Police has launched a WhatsApp helpline and Facebook page to address complaints of the residents of Karachi promptly and plans to form a new rapid Police patrolling squad comprising of 2000 police officials are also under consideration. This was announced by Karachi Range Additional Inspector General of Police (AIG) Dr Amir Ahmed […]
Shaheen Air post-Hajj operations suspended as CAA refuses to extend its license on August 31, 2018KARACHI: Civil Aviation Authority (CAA) has refused to extend the Regular Public Transport (RPT) License of Shaheen Air International (SAI) over non payment of about Rs 1.4 billion arriors. In this connection, a meeting was held on Friday between the SAI and CAA management whereby the airline requested the regulatory authority to extend its RPT […]
Apex tax body urges Asad Umar to form national tax authority on August 31, 2018KARACHI: Pakistan Tax Bar Association (PTBA), a representative body of 30 Tax Bars of the country, on Thursday has urged the Minister for Finance, Revenue and Economic Affairs, Asad Umar, to form Policy Board on Tax Revenues and National Tax Authority. In a letter sent to the minister, the apex tax body said necessary structural […]
Tax cadre officers go on protest over Imran’s pick on August 30, 2018Prime Minister Imran Khan’s decision to appoint a Pakistan Administrative Service (PAS) cadre officer as the head of the Federal Bureau of Revenue (FBR) has led to resentment among the Internal Revenue Service (IRS) cadre officers who worked under protest at FBR offices across the country on Wednesday. The Establishment Division had on Tuesday notified […]
Pakistan’s first Industrial Innovation Survey on the cards on August 28, 2018Ministry of Science and Technology (MoST) has decided to conduct Pakistan’s first Industrial National Innovation Survey (INIS). The idea behind conducting the survey is to bring innovation to enhance the inclusive growth and improve competitiveness of Pakistani products in the International market. According to the EOI-PQ document available with Daily Times, the project would measure […]
Options cafe directed to stop use of Starbucks logo on August 24, 2018KARACHI: The Competition Commission of Pakistan (CCP) has issued an interim order directing a Lahore based café, Options International Ltd, to immediately stop using Starbucks’ logo and advertising information on its coffee brand since it is a copyright violation. Starbucks, an international chain of coffeehouses registered in Washington, had sent a formal complaint to the […]