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  • ISLAMABAD: Gao Hongwei, Chairman of Board, China Aerospace Science & Industry Corporation (CASIC) and Zhao Xiaolong, Chairman of Board, China Precision Machinery Import-Export Corporation (CPMIEC) called on Prime Minister Muhammad Nawaz Sharif here yesterday to discuss economic cooperation.

  • KARACHI: Standing Committee on Ports and Shipping of the National Assembly led by its chairman Syed Ghulam Mustafa Shah photographed with Commodore Akbar Naqi and other officials of Pakistan Marine Academy during a visit here recently.

Nepra drafts rules for power import


ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has laid out rules governing the process of electricity import into the country in view of increasing demand for energy in the country as well as distribution sector’s interest in import of electricity from across the border, media sources have reported. The Nepra …

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Khushhali Microfinance, Temnos sign deal


KARACHI: Khushhali Microfinance Bank yesterday announced signing an agreement to acquire the leading Core Banking System by Temenos (the software specialist for banking and finance). The system will be implemented by National Data Consultant (NDC) a specialized Fintech solution provider and Temenos Certified Partner in the MEA region. With Khushhali …

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Pakistan, IMF discuss reforms

ISLAMABAD: Consultations between Pakistan and International Monetary Fund (IMF) begin in Dubai yesterday. During the consultations, a detailed review of reforms carried out by the government in different areas of the economy, particularly the energy sector, will be discussed. Ishaq Dar expressed the hope that the two sides will have …

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KPK to enhance milk, meat, livestock production


ISLAMABAD: Khyber Pakhtunkhwa (KP) government is working on a comprehensive plan to enhance production of milk, meat and livestock in the province. According to a report, provincial government has also made arrangements at village level to protect animals from various diseases through vaccination.–PPI

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Pak-Qatar Takaful Group posts Rs 123mln profit


KARACHI: Pak-Qatar Takaful Group has posted a net profit after tax of Pakistan Rupees 123 million in 2016. The Group’s Takaful funds also recorded the aggregate net surplus of Pakistan Rupees 196 million during the period that ended on December 2016, the company said after a recent meeting of its …

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Banks instructed to prohibit transactions above $50,000

ISLAMABAD: Banks have been instructed to prohibit transactions equal to or more than $50,000 from actual amount payable before the enforcement of international agreement relating to exchange of information about bank accounts and tax data, said the FBR. This measure aims to stifle outflow of foreign exchange from Pakistan. FBR …

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‘Ease of Doing Business in Pakistan’ conference on April 05

KARACHI: The All Pakistan Business Forum (APBF) is organizing a conference on “Ease of Doing Business in Pakistan” on April 05 at a local hotel in Lahore. More than 250 distinguished entrepreneurs, along with regulatory and industrial experts from the public and private sectors will share their knowledge at this …

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Islamic banks’ audit guidance updated


KARACHI: Pakistan’s central bank has updated guidance on Sharia governance for Islamic finance institutions, expanding the scope of external audits to help mitigate conflicts of interest and increase transparency. There are growing calls across the Islamic finance industry to strengthen the certification process of Islamic banks and their products to …

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