ISLAMABAD: About 40% officers of the Federal Board of Revenue (FBR) considered for promotion have been placed on the performance watch list due to their competency and integrity issues while suspension cases have tripled over the past two years, said the tax authorities. In a background briefing, the tax authorities said that financial integrity was…
KARACHI: Gold prices in Pakistan declined on Friday even as international rates posted modest gains, reflecting a lagged impact amid global uncertainty over oil prices and monetary policy. According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola settled at Rs427,436 after dropping Rs4,600 during the day….
ISLAMABAD: Pakistan Railways has declared that it will continue to pursue modernisation of its infrastructure, strengthen regional connectivity, improve passenger and freight services, and accelerate digital transformation. Also, the implementation of key railway projects – ML-1, ML-3 and Thar coal connectivity – is critical for sustained growth of the state-owned rail company. Briefing the cabinet…
ISLAMABAD: Commerce Minister Jam Kamal Khan has assured the Pakistan Carpet Manufacturers and Exporters Association (PCMEA) of the government’s commitment to enhancing the sector’s export competitiveness, according to a statement on Friday. The minister met with a PCMEA delegation led by Patron-In-Chief Abdul Latif Malik, Vice Chairman Riaz Ahmed and Former Vice Chairman Usman Ashraf…
Importers warn 90% private sector relies on affordable second-hand medical devices LAHORE: Medical equipment importers have urged the Drug Regulatory Authority of Pakistan (DRAP) to review its newly issued import policy, warning that excluding second-hand medical equipment from the regulatory framework could disrupt healthcare services, increase costs for hospitals and threaten thousands of jobs. The…
KARACHI: The KSE-100 index fell over 715 points at the Pakistan Stock Exchange (PSX) on Friday as renewed US-Iran tensions and higher oil prices kept investor sentiment under pressure. The decline left the index testing its 200-day moving average, a level that has provided reliable support in recent months. Markets now look ahead to the…
Latest increase takes petrol to Rs335.18 per litre and HSD to Rs383.46 under the new system The federal government on Friday increased the prices of petrol and high-speed diesel (HSD) by Rs3.66 and Rs4.8 per litre, respectively, for July 25. According to a notification issued by the Ministry of Petroleum, the price of petrol has…
ISLAMBAD: The China-Pakistan Economic Corridor (CPEC) secretariat has decided to buy a bullet-proof vehicle at a cost of Rs95 million to provide security to Chinese nationals, as it said the Cabinet Division could not meet its pressing needs, resulting in the cancellation of important official engagements. The new Toyota Land Cruiser 3,500cc vehicle will be…
Platform will feature agri engineering solutions for researchers, farmers & entrepreneurs ISLAMABAD: In a landmark development aimed at accelerating Pakistan’s agricultural modernisation, the Pakistan Agricultural Research Council (PARC) and globally renowned Famsun Group of China have signed a Letter of Intent (LoI) to establish a Famsun Technology Display Park and promote cooperation in agricultural innovation,…
Finance Minister Muhammad Aurangzeb chairs the eighth meeting of the cabinet committee on drug pricing. PHOTO: X Finance Minister Muhammad Aurangzeb on Friday said drug pricing decisions should ensure patients’ access to essential medicines while balancing the sustainability of pharmaceutical supply and affordability. Chairing the eighth meeting of the cabinet committee on drug pricing, constituted…