Pakistan Today

KARACHI: President Dr Arif Alvi has appreciated the State Bank of Pakistan (SBP) for improving the accessibility infrastructure for differently-abled persons and lauded the banking sector’s efforts for increasing financial inclusion of persons with disabilities. The president shared these views during an online meeting with the SBP Governor Dr Reza Baqir, SAPM on Poverty Alleviation and Social Safety Dr Sania...

ISLAMABAD: While Pakistan and China are taking steps to keep Gwadar Port operational for trade activities, the China-Pakistan Economic Corridor (CPEC) route at Khunjerab Pass remains closed for over a year. The only land route between the two countries, which was closed on 1st December 2019 as per the annual four-month closure of the border, could not open in April 2020...

ISLAMABAD: The Competition Commission of Pakistan (CCP) on Friday expressed its resolve to play an active role under its mandate to strengthen and support small & medium enterprises (SMEs) through policy and advocacy initiatives. The CCP is all set to mark the World Competition Day on Saturday (tomorrow) with the theme 'Enhancing Economic Efficiency of SMEs'. In a statement, the CCP...

ISLAMABAD: The federal cabinet is likely to ratify the Cabinet Committee on Energy (CCoE)'s decision regarding natural gas load management for the ongoing winter season during its upcoming meeting to be held on Tuesday. Sources informed this scribe that the CCoE, in its meeting held on 26th November, had approved natural gas load management plan for winter season with certain...

LAHORE: Islamabad-based Roomy Hotels (Private) Limited (Roomy.pk) has closed a $1 million Pre-Series A round led by Lakson Venture Capital (Lakson VC). The announcement was made on Friday at 021Disrupt by Lakson VC Managing Director Faisal Aftab. Besides Lakson, other investors in the round included Islamabad-based Karavan VC and a syndicate of angel investors. Roomy.pk is a business that shares budget hotel...

LAHORE: Punjab Chief Minister Sardar Usman Buzdar has approved the establishment of three national parks in Punjab. In a tweet on Friday, Special Assistant to the CM on Information Firdous Ashiq Awan said one of the three proposed parks will be established over an area of 13,700 acres in Kallar Kahar salt range, while the two others include 8,740-acre Kehri Morat...

Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood said on Friday that the government has released Rs1.78 billion for the textile sector under Drawback of Local Taxes and Levy (DLTL) scheme. Taking to Twitter, the adviser said, "I hope this will resolve the liquidity issues of our exporters and enable them to enhance exports." The DLTL for the...

LONDON: Brent crude oil futures rose to just under $50 a barrel on Friday as major producers agreed on a compromise to increase output slightly from January but continue the bulk of existing supply curbs to cope with coronavirus-hit demand. Brent was up 53 cents at $49.24 a barrel by 1034 GMT after hitting its highest since early March at...

KARACAHI: The Pakistan Stock Exchange (PSX) managed to end the week on a positive note, with the indices posting decent gains amid range-bound activity. Equity markets around the world also showed a positive trend, whereas crude oil prices moved north from from the previous close; WTI crude price appreciating 1.36pc to $46.26 while Brent crude oil price rising 1.33pc to $49.36. "Although...

Total despatches clocked in at 4.5m tonnes in Nov 2020, as compared to 4.3m tonnes in Nov 2019 and 5.7m tonnes in Oct 2020

NEW DELHI: India summoned Canada’s ambassador on Friday and said comments made by Prime Minister Justin Trudeau over protests by farmers near Delhi were an interference in its domestic affairs and would seriously hurt bilateral ties. Trudeau, speaking to the Indian community in Canada, said this week that he was concerned about the farmers, most of them from the Sikh-dominated...

LAHORE: The governing body of Lahore Development Authority (LDA) on Thursday approved the construction of 4,000 residential units at a cost of about Rs10 billion in the first phase of LDA City Naya Pakistan Apartments project. "All citizens who will be provided mortgage financing facility by Naya Pakistan Housing Authority and commercial banks will now be eligible to purchase these...

Having gotten away with infringing on the intellectual property and trademark of one American media brand, FHM Pakistan Publications is set to repeat itself

ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has stressed the need to evaluate the clearance time with reference to regional trading partners in order to make Federal Board of Revenue (FBR) more competitive. The adviser issued this direction while chairing the fourth meeting of the FBR Policy Board at the Federal Board of Revenue headquarters...

ISLAMABAD: Britain's Prince Charles on Thursday telephoned Prime Minister Imran Khan and reaffirmed the United Kingdom's support to promote renewable energy initiatives in Pakistan. According to an official statement issued by the British High Commission, the Prince of Wales appreciated Pakistan's commitment to tackle global warming. Both leaders agreed on the need for global cooperation to tackle issues related to climate...