Pakistan Today

ISLAMABAD: The Ministry of Commerce has proposed to make the condition of 'No Objection Certificate' (NOC) mandatory for the import of Non Prohibited Bore (NPB) arms and ammunition. According to sources, the MoC has proposed the federal cabinet to make amendment in the import policy of NPB arms and ammunition. "After consulting concerned departments as well as provinces, the commerce ministry...

ISLAMABAD: Prime Minister Imran Khan has constituted a high-level committee to overhaul the visa policy of Pakistan so that tourism and foreign investments could be encouraged. The first session of the newly formed committee was held on Monday under the chairmanship of Foreign Minister Shah Mehmood Qureshi. The meeting was attended by Special Advisor to PM on National Security Moeed...

ISLAMABAD: Prime Minister Imran Khan said on Monday that completion of the oil refinery project by Pak Arab Refinery Limited (PARCO) would help the country enhance its capacity to produce petroleum products at local level. Presiding over a meeting on the establishment of Coastal Oil Refinery by PARCO, the PM termed the addition of PARCO’s refinery as a “good omen” for...

ISLAMABAD: Economic Affairs Minister Makhdoom Khusro Bakhtiar has stressed the importance of regional connectivity to unleash the country’s trade and tourism potential. The minister expressed these views while participating in the 19th Ministerial Conference of Central Asia Regional Economic Cooperation (CAREC) held virtually on Monday. Bakhtiar said that forums such as CAREC are important for Pakistan to achieve shared goals of...

ISLAMABAD: The Islamabad High Court (IHC) on Monday barred Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh from heading the Cabinet Committee on Privatisation, besides declaring the formation of the said cabinet body as illegal. The plea against the constitution of the cabinet committee was submitted by Pakistan Muslim League-Nawaz (PML-N). Challenging the inclusion of advisers Dr Abdul...

ISLAMABAD: A five-member 'special cabinet committee' has been constituted under the chairmanship of Planning Minister Asad Umar for procurement of the Covid-19 vaccine, it emerged on Monday. Other members of cabinet committee included Science & Technology Minister Fawad Chaudhry, Industries Minister Hammad Azhar, Special Assistant to PM on Poverty Alleviation Sania Nishtar and SAPM on Health Dr Faisal Sultan. According to...

ISLAMABAD: Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood has said that the export-oriented industry will be supplied uninterrupted gas this winter. In a tweet on Monday, Abdul Razak Dawood said, "We are now heading into the winter and there may be gas shortages. The government has decided that for the export-oriented industry, there will be no outages...

KARACHI: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has appreciated Prime Minister Imran Khan for considering the chamber's recommendations by removing 5pc regulatory duty on the import of cotton yarn. "The decision to withdraw 5pc regulatory duty on the import of cotton yarn will greatly support the country’s textile sector, besides contributing to economic stability," said FPCCI...

KARACHI: Investors of the Pakistan Stock Exchange witnessed a range-bound session on Monday, with the indices swaying both ways in search of a clear direction before closing in the red. Equity markets around the globe showed a mixed performance, whereas crude oil prices slipped lower from the previous close; WTI crude price declining 0.82pc to $45.86 while Brent crude oil price...

PESHAWAR: The Khyber Pakhtunkhwa (KP) government has released another Rs1 billion to the local government department for compensating Tehsil Municipal Administrations (TMAs) against losses incurred due to the coronavirus pandemic. Earlier, the provincial government had sanctioned Rs4bn for all TMAs in the province as compensation for losses incurred in term of property tax waiver due to the closure of businesses...

Pakistan International Airlines (PIA) on Monday introduced a 14-day voluntary separation scheme (VSS) for its employees. As per details, employees under the age of 58 are eligible for the VSS. The estimate of the scheme would be calculated based on the salary drawn by employee on November 30, 2020. Employees interested in the scheme have been asked to submit their...

ISLAMABAD: Balochistan government has initiated the development work on as many as 13 border markets at frontier areas to boost significant business activities in the province. In this regard, the government has initiated development work on the Pak-Iran border and newly inaugurated gateway at Badini at the Pak-Afghan border to create and promote economic activities in the province. An official of...

ISLAMABAD: Chinese Ambassador to Pakistan Nong Rong has said that his country was keen to enhance its engagement with Pakistan, particularly in the field of energy, and thanked the government of Pakistan as well as the Ministry of Energy for expediting work on power projects under CPEC. He said during a meeting with Energy Minister Omar Ayub Khan on Monday. CPEC...

Pakistan Steel Mills (PSM) chief executive officer (CEO) on Monday submitted a plea to the labour court in Karachi, seeking the termination of more employees of the mills. According to ARY News, the plea was filed under section 11-A of the West Pakistan Industries Act. Hearing the plea, the court said that the mills were regarded as the backbone of the...

PESHAWAR: The district administration has failed to control the prices of food items in the provincial capital despite repeated instructions from the provincial government. In the provincial capital, the price for pulses and rice have increased by Rs30 to Rs40 per kg in a month while sugar prices are still on the rise despite the government's claims of resolving the...