Chief Editor: Ansar Mahmood Bhatti

Category Archives: Business

IMF team visits Planning commission

ISLAMABAD, MAY 3 (DNA) – IMF Mission Chief Ernesto Rigo called on Secretary Planning, Development and Reform Zafar  Hasan to discuss PSDP, CPEC and other aspects of planning including macro-economic policies, the Planning Ministry said Friday.Project Director Hassan Daud, Chief Macroeconomic Zafar-ul-Hassan and senior officials of the Ministry were also present in the meeting.The two sides exchanged program on the growth targets as well as policy adjustments to keep the growth momentum. Secretary planning gave a comprehensive overview of the planning process and on CPEC program.

ECC approves sale of petrol at Rs108 per liter: sources

ISLAMABAD (DNA) – The Economic Coordination Committee (ECC) has approved sale of petrol at Rs108 per liter, sources told.The ECC meeting chaired by Adviser on Finance Abdul Hafeez Shaikh has also approved increase in diesel price by Rs4.89 per liter. New prices will be applicable from 12:00am on May 4. On April 30, the federal cabinet had deferred the proposed price hike in petroleum products by the Oil and Gas Regulatory Authority (OGRA) and referred the matter to the Economic Coordination Committee (ECC) for further consideration.

Govt delays hike in prices of petroleum products

ISLAMABAD (DNA) – Government on Tuesday delayed the decision to hike the prices of petroleum products.Addressing a press conference in Islamabad after federal cabinet meeting, Special Assistant to Prime Minister on Information and Broadcasting, Firdous Ashiq Awan said that Prime Minister Imran Khan sent the matter to Economic Coordination Committee (ECC).She said that the federal cabinet felicitated Prime Minister Imran Khan on his successful China visit during which various agreements had been signed.

IMF bailout package: Pakistan’s economic policies to be reviewed today

ISLAMABAD (DNA) – Pakistan and the International Monetary Fund (IMF) on Wednesday are scheduled to hold another meeting in Islamabad where the proposed three-year bailout package and the state’s economic policies will be discussed. The proposed bailout package is expected to be around $8 billion.The fresh round of talks will focus on the tax amnesty scheme by the Federal Board of Revenue (FBR), privatisation programme, power and gas tariffs, and the government’s economic policies.

Tunisia keen to promote bilateral trade with Pakistan

ISLAMABAD, APR 30 (DNA) – Adel Elarbi, Ambassador of Tunisia said that his country was keen to promote bilateral trade with Pakistan as both countries have great potential to do trade in many items.He said that governments were responsible to facilitate the connectivity between private sectors while it was the role of businessmen to explore new avenues for trade and exports.He said Tunisia enjoyed strategic location and was a gateway for Pakistan to enter big African and European markets.

PM discusses new technologies in Pakistan with Huawei founder

ISLAMABAD:  (DNA) – Prime Minister Imran Khan thanked Huawei for setting up their office in Pakistan and for its continued investments in the country.The prime minister has said this during a meeting with founder of Huawei Mr Ren Zhengfei. The two sides discussed the development of ICT technologies and how to enhance mutual cooperation in the future.The prime minister said that Huawei may strengthen its collaboration with Pakistan through local manufacturing, technology transfer in such fields as AI and contribute to Pakistan’s economy.

Pak-Tunisia agree to boost tangible cooperation in Political, economic spheres

ISLAMABAD, APR 29 (DNA) – Pakistan and Tunisia have agreed to translate the spirit of fraternity and warmth into tangible cooperation in the political and economic spheres.This was deliberated in a meeting between Chairman Senate Sadiq Sanjrani and the Tunisian Ambassador Adel Elarbi here at Parliament House on Monday.Chairman Senate observed that Pak-Tunisian ties are embedded in history, culture, traditions and common faith and both sides share identical views on regional and international issues of mutual concern.