Senate body discusses alleged corruption in Multan Metro Bus project on October 28, 2017ISLAMABAD: The Senate Committee on Finance on Friday gave Securities and Exchange Commission of Pakistan (SECP) seven days to answer its 10 questions over alleged corruption in the Multan Metro Project. Pakistan’s corporate watchdog has been in the headlines after its former chairman Zafar Hijazi became the first casualty in the Panama case against former […]
New 5-year EU-Pakistan strategic engagement plan on the cards on October 25, 2017ISLAMABAD: The government would soon start working with the European Union (EU) to draw out next 5-year strategic engagement plan (SEP) as the ongoing EU-Pakistan 2012-2017 plan is completing this year. An official of the Ministry of Finance told Daily Times that the EU side was happy with successful completion of the five-year SEP and […]
Energy leaders launch first utility-scale hybrid power project on October 24, 2017ISLAMABAD: While Pakistanis were dreaming of an end to power outages, international renewable energy leaders announced the world’s first utility-scale energy park project for on-grid hybrid integration of wind, solar and battery storage. According to a press statement issued in Singapore on Monday, a partnership between renewable energy industry leaders announced the final details of […]
Pak-Afghan officials upbeat on transnational gas pipeline on October 19, 2017ISLAMABAD: Afghan and Pakistani officials on Wednesday appeared confident about the prospects of transnational gas pipeline proposed from Turkmenistan to India, notwithstanding critics calling it a far cry given the security challenges in Afghanistan. Turkmenistan-Afghanistan-Pakistan-India (TAPI), an American initiative of early 1990s chiefly to counter the proposed Iran-Pakistan-India gas pipeline, has once again surfaced in […]
Dar strives to quell rumours of dismal economic situation on October 17, 2017ISLAMABAD: Finance Minister Ishaq Dar on Monday ruled out any possibility or plan of the government to go for an International Monetary Fund (IMF) balance of payment support programme. Addressing a press conference, Dar strived to express confidence in the level of foreign exchange reserves and strong internal fundamentals of economy, chiefly growth in tax […]
Senate body demands new finance minister on October 13, 2017ISLAMABAD: Members to the Senate’s Finance Committee on Thursday demanded the finance minister be replaced. “Saner voices even within the ruling Pakistan Muslim League-Nawaz have already underlined need to appoint an advisor on Finance by making Dar as non-functional Finance Minister if he does not resign at all,” they said. “Apart from calls from the […]
Despite ADB concerns, Dar claims strong economic performance on October 10, 2017ISLAMABAD: Despite Asian Development Bank’s (ABD) warning of increasing economic vulnerabilities last month, Finance Minister Ishaq Dar, announced, on Monday, a “strong fiscal performance” during the first quarter of the financial year 2017-18. The ADB, in its Asian Development Outlook 2017 which was updated in September, had alerted that Pakistan’s economy was becoming increasingly vulnerable […]
Despite ADB concerns, Dar claims strong economic performance on October 10, 2017ISLAMABAD: Despite Asian Development Bank’s (ABD) warning of increasing economic vulnerabilities last month, Finance Minister Ishaq Dar, announced, on Monday, a “strong fiscal performance” during the first quarter of the financial year 2017-18. The ADB, in its Asian Development Outlook 2017 which was updated in September, had alerted that Pakistan’s economy was becoming increasingly vulnerable […]
Many voices in a party, and many parties with a singular voice on October 6, 2017ISLAMABAD: Thursday’s session of the National Assembly was meant to be about a singular issue but the ruling PML-N parliamentarians still availed the opportunity to voice concerns and agitate on issues that may not be in their own interest afterall. It seemed like the MPs were there with an agenda to claim their parliamentary power […]
SECP likely to have new chairman by December on October 5, 2017ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) is likely to have its new chairman by December. A senior official of the Finance Ministry told Daily Times on Wednesday that the government would soon initiate process of appointment for a new head of the country’s top corporate regulator, which is supposed to govern the […]