Meezan Bank, Pakistan’s leading Islamic bank, and Hamdard Laboratories (Waqf) Pakistan, a pioneer in Eastern medicine, have marked a significant enhancement in their financial collaboration with the successful integration of advanced transaction banking services. The agreement in this regard was signed by Sadia Rashid, Chairperson & Chief Mutawallia of Hamdard Laboratories, and Syed Amir Ali, […]
Tarbela Dam 5th extension to finish in 2 years
Tarbela 5th Extension Hydropower Project having 1510 megawatts (MW) capacity will be completed in 2025-26. The project was being completed with the financial assistance of World Bank (WB) and Asian Infrastructure Investment Bank (AIIB), official sources told APP here Monday. They said that WB and AIIB were providing financial assistance to the tune of $ […]
Rupee sheds 8 paisa against dollar
Pakistani rupee on Monday depreciated by 08 paisa against the US dollar in the interbank trading and closed at Rs 277.71 against the previous day’s closing of Rs 277.63. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278 and […]
APTMA demands regionally competitive energy tariff
Newly elected Chairman All Pakistan Textile Mills Association (APTMA) Kamran Arshad has urged policymakers to reduce electricity tariff and restore Regionally Competitive Energy Tariff (RCET) besides reversing the government policy of curtailing gas supply to captive consumers from January 1, 2025, and include local yarn supply in the Export Facilitation Scheme (EFS) scheme. These measures […]
Pakistan exports boom in US, UAE, UK
The United States (US) remained the top export destination of Pakistani products during the first two months of the current financial year 2024-25, followed by the United Arab Emirates (UAE) and United Kingdom (UK). Total exports to the US during July-August 2024-25 were recorded at US $949.855 million against the exports of US $934.666 million […]
New LCCI chief voices support for decision to broaden tax net
The newly elected Lahore Chamber of Commerce and Industry (LCCI) President Mian Abu Zar Shad, Senior Vice President Engineer Khalid Usman and Vice President Shahid Nazir Chaudhry took oath during the LCCI Annual General Meeting and pledged to work for the cause of business community and the economy here on Monday. Former Presidents and senior […]
FIA ordered to complete probe into Azma fake video case in 10 days
The Lahore High Court (LHC) on Monday ordered the Federal Investigation Agency (FIA) director general to complete the investigation in the Azma Bukhari fake video case within ten days. LHC Chief Justice Aalia Neelum passed the orders while hearing a petition filed by Punjab Information Minister Azma Bukhari, seeking action against those involved in sharing […]
Pakistan Embassy in Beijing observes Defence Day
The Embassy of Pakistan in Beijing on Monday hosted a ceremony to commemorate Defence and Martyrs Day to pay rich tributes to the valor, resolve and ultimate sacrifices made by members of the Pakistan armed forces to defend their homeland. The event was attended by a large number of dignitaries including senior Chinese civil and […]
PDWP approves three uplift schemes
In the 33rd meeting of the Provincial Development Working Party (PDWP) for CFY 2024-25, chaired by Chairman P&D Board Barrister Nabeel Ahmad Awan, three development schemes were approved, amounting to Rs 3470.721 million. The approved schemes are: Widening/Improvement of Road from Bhera to Phularwan, (New) District Sargodha at the cost of Rs 825.379 million, Rehabilitation […]
KP CM assures PHC of legislation against rearrests after bail confirmation
Chief Minister Khyber Pakhtunkhwa, Ali Amin Gandapur on Monday appeared before the Peshawar High Court (PHC) where he was summoned in a missing persons’ case. Chief Justice PHC, Justice Ishtiaq Ibrahim during hearing a case of missing person summoned the Chief Minister for his comments that how a person is rearrested once his or her […]