Pakistan Today

ISLAMABAD: The Aviation division senior officials including the federal minister have illegally been using a number of luxury vehicles of the Civil Aviation Authority (CAA), it emerged on Saturday.  The COO/APMIIAP Islamabad in reply to director engineering services headquarter CAA Karachi with the subject “detailing of MT vehicles at aviation division” informed that nine vehicles have been deployed to officials...

In a major development, Sui Northern Gas Pipelines Limited (SNGPL) has announced significant reduction in UFG and volumetric losses of the company. Announcing the results for first quarter of Financial Year 2020-21 of the three-year UFG Reduction Plan approved by ECC, the company has declared 1.60pc and 1,576 MMCF reduction in UFG losses and volumetric losses against targets of 1.25pc...

ISLAMABAD: Pakistan has decided to contact the World Bank (WB) for Covid-19 vaccine funding. According to the people familiar with the matter, Pakistan will seek $153 million from the WB for advance purchases of the Covid-19 vaccines. The request will be formally made by the Economic Coordination Division, said sources. In this context, the health ministry has penned a letter to...

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) President Sardar Yasir Ilyas Khan on Saturday urged the Capital Development Authority (CDA) to amend its building bylaws in consultation with ICCI, developers, builders and other stakeholders. He said that amendment in bylaws would give boost to construction activities in the federal capital as its existing bylaws were not conducive for the...

ISLAMABAD: The federal government has directed the Law and Justice Division to file a reference under Article 186 of the constitution in the Supreme Court (SC), seeking clarity and guidance over parliamentarians being barred from being on the Public Sector Entities (PSE) Board of Directors (BoD). According to sources, the Minister for Law and Justice Farogh Naseem briefed the federal...

ISLAMABAD: The apex chamber of the country has urged the government to focus on further accelerating exports and remittances with the trade deficit expanding by 14.70pc to $2.06 billion in November. The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) said that imports that were previously on a declining path have now started picking up, indicating the growing economic...

PESHAWAR: Hurdles in Pak-Afghan trade are the biggest reason behind Iran gaining control of 50 per cent of the cement market in Afghanistan, Profit learnt on Saturday. Sarhad Chamber of Commerce and Industry (SCCI) former senior vice president Shahid Hussain while speaking to this scribe confirmed that although there were several major reasons for Iran’s control of over the Afghan cement market,...

ISLAMABAD: The British airline, Virgin Atlantic, has announced to commence flight operations for Pakistan from December 13 which will further facilitate passengers travelling from the United Kingdom (UK) to Pakistan. The British airline will use modern Airbus A-332 aircraft to continue eight flights each week to Lahore and Islamabad. In this regard, the Civil Aviation Authority (CAA) released a flight schedule...

The Trade Development Authority of Pakistan (TDAP) has planned to arrange an international virtual tourism exhibition early next year. This was stated by TDAP Islamabad DG Shehzad Ahmed Khan while addressing a webinar on Friday. As part of TDAP’s initiative of conducting a series of webinars, the awareness webinar was conducted in collaboration with Pakistan’s Trade Missions from China, Malaysia and...

LONDON/BRUSSELS: British and EU negotiators paused trade talks on Friday to call in their leaders to try to narrow gaps and get an agreement over the line, less than four weeks before Britain completes its Brexit journey out of the bloc. After failing to agree the basis for a deal, Britain’s David Frost and the EU’s Michel Barnier said they...

The federal government has decided to discontinue Rs25,000 denomination prize bonds. According to a report by ARY News, the move is aimed at addressing concerns of the Financial Action Task Force (FATF) regarding reported failure to check money laundering and terror financing. In the first phase, the Rs25,000 denomination bonds will be converted into premium bonds with their registration to start...

In the process of solving old problems, we cannot afford to create new ones

With no buy back condition on Master Motors, Changan and Bank Alfalah are trying to make comfortable minivans affordable to Pakistani consumers

The first aircraft, an A-320 Airbus, of the newly established private airline AirSial on Saturday landed at the Sialkot International airport. According to reports, the airline will formally launch operations from December 9 by Prime Minister (PM) Imran Khan. The PM will also address a special ceremony to be held at Sialkot International Airport. Three Airbus A320-200s of Air Sial — the...