Pakistan Today

PESHAWAR: The Provincial Development Working Party (PDWP)-KP on Wednesday approved 29 schemes worth Rs32.25 billion. The 12th meeting of PDWP was held under the chairmanship of Shakeel Qadir Khan, Additional Chief Secretary P&D Department Khyber Pakhtunkhwa, via video link. The meeting was also attended by PDWP members and officials of the concerned departments. As per details, the PDWP on the occasion...

LAHORE: Punjab Chief Minister Usman Buzdar has announced new projects worth Rs17 billion for Sialkot. Addressing a ceremony on Wednesday, Usman Buzdar said that the government is initiating development projects worth billions of rupees to facilitate masses and to improve their living standards. He said that the provincial government will soon set up a new industrial state comprising 1,000 acres of...

LAHORE: The Lahore High Court (LHC) on Wednesday sought complete record from the federal government about auctions held for Toshakhana gifts during the past five years. Taking up the plea of Advocate Adnan Paracha against Toshakhana items' auction, the court issued directives to concerned government authorities to submit a detailed report in the regard on December 13th. During the previous hearing...

FBR-Islamabad imposes Rs1 million penalty each on Tehzeeb Bakers and Metro Shoes for failing to connect their retail outlets with POS system

LAHORE: The local urea market is adequately supplied for Rabi season 2020-21 as it has accumulated a total inventory of one million tonnes on the back of consistent local production. Industry figures show that 515,000 tonnes of urea were sold in November compared to 362,000 tonnes during the same month last year. This phenomenal jump of 42pc reflects improved farm...

KARACHI: Pakistan Stock Exchange (PSX) endured a volatile session on Wednesday, with the benchmark index swaying both ways in search of a clear direction before finally settling in the green. Global equity markets also showed a positive performance, whereas crude prices inched up from the previous close; WTI crude price rising 0.22pc to $45.69 while Brent crude price improving 0.10pc...

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has urged the government to extend the income tax return filing date, citing errors in FBR’s system and prevalent coronavirus crisis. “December 8 was the deadline to file income tax returns for 2020, but the FBR’s system was not working properly yesterday due to which many taxpayers had to face problems...

Federal Minister for Railways Sheikh Rasheed Ahmed and Egyptian ambassador Dr Tarek Dahroug have deliberated over possible Egyptian investments in Pakistan Railways (PR). The two officials discussed a possible bilateral partnership between the railway departments of the two countries in a meeting on Tuesday wherein the minister underlined the importance of Main-Line 1 project which will connect Karachi to Peshawar...

Advisor to PM for Commerce, Investment Abdul Razak Dawood has disclosed that Pakistan has succeeded in cancelling the illegal registration of ‘Kernal’ for trademark by an overseas rice company. “I am glad to share that we have achieved the cancellation of illegal registration of the trademark “Kernal” by a rice company overseas,” informed Dawood in a tweet on Tuesday. “This was...

ISLAMABAD: The World Bank (WB) approved on Wednesday a $300 million grant for two projects in Pakistan, namely the Sindh Resilience Project and the Solid Waste Emergency and Efficiency Project. These investments will bolster Pakistan’s efforts to build resilience to natural hazards such as floods and droughts in Sindh and will strengthen solid waste management in Karachi to tackle recurrent...

RIO DE JANEIRO: Nearly 21 months after it was grounded following two deadly crashes, the Boeing 737 MAX will return to the skies Wednesday with a flight by Brazilian carrier Gol, the airline confirmed. Gol, the first company to resume commercial flights with the now-overhauled jet, said it was fully confident in the safety upgrades and expanded pilot training program...

'AirSial will put pressure on other airlines, including PIA, to improve their services'

WASHINGTON: Oil prices eased on Wednesday as an unexpected jump in U.S. oil inventories fuelled concerns over slow demand, but positive news on COVID-19 vaccines boosted investor optimism about a recovery in fuel demand, capping losses. Brent crude futures slipped 18 cents, or 0.4%, to $48.66 a barrel by 0450 GMT, having gained 5 cents the previous day. U.S. West...

LONDON: British Prime Minister Boris Johnson heads to Brussels on Wednesday for dinner with European Commission President Ursula von der Leyen in a last ditch attempt to avoid a tumultuous Brexit without a trade deal in three weeks’ time. With growing fears of a chaotic no-deal finale to the five-year Brexit crisis when the United Kingdom finally leaves the EU’s...

NEW DELHI: India’s government will consider amending reforms that have sparked protests by farmers fearing the end of guaranteed crop prices but it will not abandon the plan, a government official said on Wednesday. Farmers have been demonstrating for two weeks against the deregulation that will allow them to sell produce to buyers beyond government-regulated wholesale markets, where growers are...