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  • ISLAMABAD: A delegation of the businessmen from Karachi, led by Malik Umer Din called on President Mamnoon Hussain at the Aiwan-e-Sadr, yesterday.

  • KARACHI: British Deputy High Commissioner-Ms Elin Burns, CEO Citi-Bank Nadeem Lodhi, Chairman PMIC Zubair Soomro, CEO British Asian Trust-Richard Hawks and Financial Services regulations World Bank-Namoos Zaheer photographed at the seminar on ‘Youth Entrepreneurship and Financial Inclusion for Exclusive Growth’ held here yesterday.

  • KARACHI: President KATI Tariq Malik presenting KATI shield to DC Korangi District Abdul Wajid Shaikh. SVP Salman Aslam, VP Junaid Naqi, Zubair Chhaya and Masood Naqi are seen in the picture.

  • ISLAMABAD: Prime Minister Shahid Khaqan Abbasi chairs meeting of the Executive Committee of National Economic Council (ECNEC) at PM Office, here yesterday.

  • LAHORE: Minister of State for Power, Chaudhry Abid Sher Ali chairing meeting on System Constraints of NTDC and DISCOs at WAPDA House, here yesterday.

Govt committed to overcome power shortage: Khaqan

Abbasis

FOUR POWER SECTOR PROJECTS APPROVED UNDER ECNEC  From Our Correspondent ISLAMABAD: Prime Minister Shahid Khaqan Abbasi chaired a meeting of the Executive Committee of the National Economic Council (ECNEC) at PM’s Office, here yesterday. In line with the government’s commitment to overcome the power shortage in the country, special emphasis …

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Key interest rate maintained at 5.75pc

SBP ANNOUNCES MONETARY POLICY  By Commerce Reporter KARACHI: In line with market expectations, the State Bank of Pakistan (SBP) left the key interest rate unchanged at 5.75% for the next two months. “The Monetary Policy Committee has decided to keep the policy rate at 5.75%,” a SBP press statement said …

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Heads of Disco’s directed to complete energy projects on time

ABID SHER ALI FOR EARLY REMOVAL OF SYSTEM CONSTRAINTS  From Our Correspondent ISLAMABAD: Minister of State for Power Chaudhry Abid Sher Ali, while chairing a meeting on power system constraints held at WAPDA House Lahore, yesterday, directed the heads of power sector entities to complete their on-going projects well before …

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Senators call for revisiting FTA with China

From Our Correspondent ISLAMABAD: Senators yesterday presented a motion in the Upper House expressing concerns that Pakistan appears to be getting the short end of the stick in Free-Trade Agreements (FTA) struck up with Beijing as part of the China-Pakistan Economic Corridor (CPEC) project. Senator Mian Atiq presented a motion …

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Chinese company to invest $9bln to upgrade K-Electric

From Our Correspondent ISLAMABAD: Chairman Shanghai Electric Power Company Yundan Wang along with a delegation called on Minister for Privatization Daniyal Aziz, here yesterday. During the meeting, matters concerning the transition of Karachi Electric to new prospective company came under discussion. The delegation briefed the Minister about their investment plan …

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ADB approves $275mln for irrigation project in Punjab

From Our Correspondent ISLAMABAD: The Asian Development Bank’s (ADB) Board of Directors yesterday approved a $275 million loan to help build a surface irrigation system to increase agricultural production and improve food security in the Jhelum and Khushab districts in Punjab province in Pakistan. The project is expected to benefit …

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Pakistan Stock Exchange closes flat

By Commerce Reporter KARACHI: The Pakistan Stock Exchange (PSX) closed almost flattish yesterday, with the benchmark KSE-100 Index losing 17 points to close at 40,248. The benchmark witnessed a drastic decline towards the end of the first half of the day to hit a day’s low at 40,083 points. However, …

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Tax refund to traders soon: President

From Our Correspondent ISLAMABAD: President Mamnoon Hussain, yesterday, stated that the government would soon start the refund of taxes to the traders to enhance their trust in the government institutions enabling them to pay more taxes for public welfare projects. Talking to a traders’ delegation led by Malik Umar Din …

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Food imports up by 20.21pc in 4 months

ISLAMABAD: The food imports into the country increased by 20.21 percent during the first four months of the current fiscal year compared to the corresponding period of last year. According to Pakistan Bureau of Statistics (PBS), the food imports into the country during July-October (2017-18) were recorded at $2.198 billion …

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