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  • DAKAR: Federal Commerce Minister Khurram Dastgir Khan, Alioune Sarr, Senegal’s Commerce Minister exchanging documents after signing the “Convention for the avoidance of double taxation and prevention of fiscal evasion“.

PM approves extension of Member Finance OGRA against law


By Wasim Chaudhry ISLAMABAD: The Prime Minister had given a further four-year extension to Oil and Gas Regulatory Authority (OGRA)’s Member Finance Noor ul Haq who was already facing allegations of corruption and misuse of authority. The two-year contract of member finance expired on Saturday. The Prime Minister Muhammad Nawaz …

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PSM to have 3 weekly holidays

By Commerce Reporter KARACHI: In a unique decision , Board of Directors of Pakistan Steel Mills (PSM) at a meeting held in Islamabad decided to extend the weekly holidays by one day ( 3 days a week). The decision was taken in view of worsening financial condition of the organization …

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US sponsors training for Pakistani entrepreneurs

ISLAMABAD: Pakistani entrepreneurs gained new insights about raising and managing funds for their entrepreneurial ventures during a series of presentations this week by American entrepreneur Dr Andrew Scheuermann. The American Embassy sponsored Dr Scheuermann’s visit to Islamabad, Lahore, and Karachi through its 2017 Entrepreneurship Speaker Series. During his visit, Dr …

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First train to reach Pakistan by July’s end


ORANGE LINE METRO TRAIN  BEIJING: The first of 27 trains designed for Orange Line Metro in Lahore, would be delivered by a Chinese company to the Punjab government at the end of this month. This will be beginning the era of subways and light rail in Pakistan. The train designed …

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Private sector delegation leaves for Bhutan

From Our Correspondent LAHORE: A high-level delegation of the private sector left for Thimpu (Bhutan) yesterday to represent Pakistan in the forthcoming 70th executive committee meeting of SAARC Chamber of Commerce and Industry. Talking to media prior to departure, the leader of the delegation SAARC Chamber and Chairman United Business …

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ADB awards winners of Youth Essay Competition

DUSHANBE: The Asian Development Bank (ADB) has today awarded five winners of a youth essay competition in Tajikistan. The winners are: Madina Davlatova, 24; Maksud Khasanov, 23; Azimakhon Dzhuraeva, 19; Komila Nazirmadova, 20; and Saadi Khamidov, 23. The competition was part of the commemoration of ADB’s 50th anniversary, which also …

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Additional tax on cement irks industrialists

LAHORE: The imposition of additional tax on cement in the budget 2017-18 would further reduce domestic consumption as well as the government revenue, the industry stakeholders said. They said that the government is expecting to collect additional revenue by enhancing tax on the cement industry but in fact the revenue …

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Further production cuts are possible: Kuwait’s Minister

ST PETERSBURG: Kuwait’s oil minister Essam al-Marzouq said on Saturday that compliance with oil production cuts by OPEC and non-OPEC countries is good and that deeper cuts are possible. Asked about the possibility of further cuts to support the price of crude, the minister said: “Everything is open.” Ministers from …

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Musharaf Rasool Cyan appointed new CEO, PIA


AMERICAN CITIZEN WITH NO AVIATION EXPERIENCE  By Commerce Reporter KARACHI: Prime Minister Nawaz Sharif has designated Dr Musharaf Rasool Cyan, a former bureaucrat, as the new chief executive officer (CEO) of Pakistan International Airline. The decision was made during a meeting between Adviser to the PM on aviation Sardar Mehtab …

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