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Home / Author Archives: Zahoor Tarar

Author Archives: Zahoor Tarar

Port & Shipping playing role to strengthen economy: Bizenjo

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ISLAMABAD: Minister for Maritime Affairs Mir Hasil Khan Bizenjo Sunday said Maritime, Port and Shipping were playing an important role to further strengthen the national economy. China had given importance to Gwadar port because it was focusing to trade with other countries through seas, he said. The minister said many countries of the world wanted to trade through seas because ... Read More »

Punjab, Sindh face 33pc water shortfall: IRSA

IRSA

ISLAMABAD: The Indus River System Authority (IRSA) Tuesday said that both Punjab and Sindh faced 33 per cent water shortfall for the current Rabi season so far. Meanwhile, IRSA released 45,800 cusecs water from various rim stations with inflow of 44,600 cusecs. According to the data released by IRSA, water level in the Indus River at Tarbela Dam was 1386.00 ... Read More »

PM inaugurate Tarbela 4th extension hydro power project

Shahid Khaqan Abbasi1

TARBELA:  Prime Minister Shahid Khaqan Abbasi inaugurated Tarbela 4th Extension Hydropower Project at Tarbela today. First unit of 470 MW is being commissioned today, while two more units will be online before the onset of summer this year. Commissioning of Tarbela 4th Extension Hydropower Project is another historic milestone achieved by the government to add 1410 MW to the National ... Read More »

PIA privatisation: LHC gives opportunity to authorities for reply

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LAHORE: The Lahore High Court (LHC) on Thursday gave the chairman Pakistan International Airlines (PIA) and other respondents till March 20, for filing reply on a petition challenging proposed sell-out of the airline. The single bench comprising Justice Shahid Mubeen heard the petition filed by advocate Nabeel Javed Kahloon. Earlier, a legal advisor on behalf of the Privatisation Commission submitted ... Read More »

MoU signed to ensue better employment opportunities for skilled workforce

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ISLAMABAD: The National Vocational and Technical Training Commission (NAVVTC), Overseas Employees Corporation and National Logistic Cell’s Mandra Institute Monday signed a Memorandum of Understanding (MoU) to to ensure employment of Skilled Youth in the domestic and international labour market. Under this MoU, the Pak Army’s NLC Institute would impart trainings in different subjects including behavioral management, character building, know-how of ... Read More »

PTDC plans to construct motels at CPEC silk route

PTDC

ISLAMABAD: Pakistan Tourism Development Corporation (PTDC) would plan to construct motels at China Pakistan Economic Corridor (CPEC) silk route to facilitate tourists in a better environment. Managing Director PTDC Abdul Ghafoor Tuesday said,”PTDC wanted to acquire land at CPEC silk route for the construction of motels to accomodate tourists both domestic and foreign.” The MD PTDC said tourism was one ... Read More »

Shipping activity at Port Qasim

KPT2

KARACHI: Oil tanker Maersk Tacoma carrying 42,020 tonnes Diesel oil arrived at outer anchorage of Port Qasim on Sunday. Berth occupancy was observed at the Port at 35% on Sunday where a total of six ships namely, CMA CGM Nermada, Safmarine Ngami, Morninghstar, Tamar, Bulk Electra and UACC Riyadh are currently occupying berths to load/offload Containers, Rice, Steel Coil, Soya ... Read More »

Registered companies with SECP grows to 84,201

SECP

ISLAMABAD: The total number of registered companies with the Securities and Exchange Commission of Pakistan (SECP) has increased to 84,201 by end of November 2017, said a statement issued on Wednesday. The SECP during the month of November 2017 registered 881 new companies. As compared to the corresponding month of last financial year, it represents a growth of 40 percent. ... Read More »

SBP launches Asaan Remittance Account

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KARACHI: In line with its efforts to enhance outreach of basic financial services to unbanked or underserved segment of the population, State Bank of Pakistan (SBP) in collaboration with Pakistan Remittance Initiative (PRI) has launched “Asaan Remittance Account” to be opened by banks with simplified procedures. A State Bank of Pakistan (SBP) said on Wednesday that the objective of this ... Read More »

Pak-Sri Lanka friendship delegation meets Pakistani envoy

handshake - join hand

ISLAMABAD: A delegation of Pakistan-Sri Lanka friendship, trade and investment association met the High Commissioner of Pakistan, Dr. Shahid Ahmad Hashmat at the High Commission premises in Colombo on Tuesday. According to a message received here, President of the Association, Iftikhar Aziz, briefed the High Commissioner about history and activities of the Association including various social welfare and cultural activities ... Read More »

KMFB opens branch in Hunza

Khushhali bank

GILGIT: Khushhali Micro Finance Bank (KMFB) on Saturday opened its new branch in Hunza to offer area people all-inclusive banking services including Group and MSME loans, deposits, remittances, online transfer and insurance. The new branch is reflective of the bank’s commitment of further expanding its geographic reach as Pakistan’s pioneer microfinance bank, said a statement. The opening ceremony was attended ... Read More »

Pakistan-Poland bilateral political consultations’ 6th Round held in Islamabad

PAk-Poland

ISLAMABAD: Pakistan-Poland Bilateral Political Consultations (BPC)’s 6th Round was held in Islamabad this week. According to a statement issued by Foreign Office here, Pakistan side was led by Ambassador Zaheer A. Janjua, Additional Secretary (Europe), while Mr. Marek Magierowski, Deputy Foreign Minister of Poland headed the Polish side. The two sides undertook a comprehensive review of bilateral ties and discussed ... Read More »

Seminar on Implementing strategy of MoU between law dept, GPCCI

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KARACHI: Seminar on implementing strategy of the MoU between law department and German Pakistan Chamber of Commerce & Industry (GPCCI) took place at Sindh assembly building here.  Minister for Law and Prisons Zia-Ul-Hasan Lanjar chaired the seminar along with Secretary Law Iftikhar Shalwani, said a statement on Wednesday. Special guests Counsel General and Deputy Head of Mission German Consulate, Carsten ... Read More »

SCCI for setting up Support Industry in Sialkot

scci

SIALKOT: President Sialkot Chamber of Commerce and Industry (SCCI) Zahid Latif Malik has stressed the need for setting up “Support Industry” to facilitate industrial sector of the country. He said that in order to cope with future challenges of industrial sector, the government should encourage the businessmen and investors to invest in Support industry which would ultimately lead to import ... Read More »

Two held over fraud

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LAHORE: The Federal Investigation Agency (FIA) on Thursday arrested two persons for receiving money from the complainants fraudulently. According to FIA spokesman, one Muhammad Sarwar, a resident of Karak Muhammadi Bhuwana District Chiniot, received Rs 550,000 from Muhammad Zafar of Chiniot for sending him to Saudi Arabia for employment. In another case, one Muhammad Iqbal of Nawan Pind Noshera Virkan, ... Read More »

SBP mops up Rs60.8b from money market

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KARACHI: State Bank of Pakistan on Tuesday mopped up Rs 60.8 billion from the money market for three days through its open market operation. The rate of return accepted is 5.70 percent per annum, says SBP release. Read More »

IRSA releases 165,500 cusecs water

IRSA

ISLAMABAD: The Indus River System Authority (IRSA) Tuesday released 165,500 cusecs water from various rim stations with inflow of 92,400 cusecs. According to the data released by IRSA, water level in the Indus River at Tarbela Dam was 1496.31 feet, which was 116.96 feet higher than its dead level 1380 feet. Water inflow in the dam was recorded as 54,700 ... Read More »

Shipping activity at Port Qasim

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KARACHI: Two ships M.V Da Dan Xia and M.T Three Saskias carrying General Cargo and Soya Bean Seeds were took berths at Multi Purpose Terminal (MW-1) and Grain Fertilizer Terminal (FAP) respectively during last 24 hours, said a report issued by Port Qasim Authority (PQA) here on Monday. Berth occupancy was observed at the port at 41% on Sunday where ... Read More »

Mangoes exports of 129,423 MT fetch $94.059m in two years

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ISLAMABAD: The quality Pakistani mangoes exports of 129,423 Metric Ton (MT) to different countries in the world have contributed US $ 94.059 million precious foreign exchange to national kitty during two years. During year 2014-15, Pakistan exported 65,311 MT mangoes worth US $ 45.672 million while year 2015-16 witnessed export of 64,112 MT and amount was US $ 48.387 million. ... Read More »

Opening of concerned bank branches to facilitate collection of govt taxes on Sept 29

SBP

KARACHI: In order to facilitate the collection of government duties/taxes, NIFT will provide special clearing facility on the advice of State Bank of Pakistan (SBP) on September 29 from 6:00 pm. A statement issued here on Thursday by the SBP said’ All banks are, therefore, advised to keep their concerned branches open on Sept 29 (Friday) till such time that ... Read More »