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Turkish companies apprised of investment opportunities in Punjab


ISLAMABAD: A delegation of Punjab Government led by Director General Lahore Development Authority (LDA), Zahid Zaman, briefed Turkish private sector representatives about the vast investment and joint venture opportunities in real estate sector of Punjab. Turkish Contractors Association (TCA) hosted the event at its headquarters in Ankara, said a message received here Tuesday.  Director General LDA, Zahid Zaman made a ... Read More »

Senate body for resolving issues related to Special Economic Zones


ISLAMABAD: Senate Standing Committee on Cabinet Secretariat on Tuesday directed Board of Investment (BOI) to conduct meeting with all the stakeholders for resolving the issues related to Special Economic Zones (SEZs). The meeting was held here at Parliament House under the chairmanship of Senator Muhammad Talha Mehmood. Members of the committee including Senator Hidayat Ullah, Senator Mir Muhammad Yousaf Badini, ... Read More »

CPEC to boost insurance sector growth: PBIF

growth increase

ISLAMABAD: Pakistan Businessmen and Intellectuals Forum (PBIF) President Zahid Hussain has said that insurance sector is all set to grow as the economy is picking up. Insurance companies should prepare to handle the opportunities and challenges arising out of game-changing project of China-Pakistan Economic Corridor (CPEC), he added. Hussain said that insurance business has a promising future as massive foreign ... Read More »

Three-day food expo kicks off

food imports

KARACHI: Rice Exporters Association of Pakistan (REAP) Patron-in-Chief Abdul Rahim Janoo and Hungary Ambassador Istvan SZABO inaugurated the 11th Food Technology Asia International Exhibition at Karachi Expo Centre. The exhibition incorporates rice technology, plastic packaging & print and agriculture sector technologies, said a statement issued here on Monday. It is for the first time that a specialised exhibition is being ... Read More »

Pakistan, Korean Exim bank sign loan agreement for IT park

IT park

ISLAMABAD: Government of Pakistan and Korean Exim Bank signed loan agreement on Tuesday for a new information technology park in Islamabad. Total project cost is US $ 88.383 million including loan of US $ 76.3 million from Korean Exim Bank under the Economic Development Cooperation Framework (EDCF) arrangement. Secretary Economic Affairs Division (EAD), Tariq Mahmood Pasha and Executive Director of ... Read More »

Mepco recovers bills of Rs92.89b during current fiscal year


MULTAN: The Multan Electric Power Company (Mepco) has recovered bills of over Rs 92.89 billion during the current fiscal year 2016-17 with recovery ratio of 100 per cent. According to a press release issued here on Monday, Mepco had recovered bills of Rs 92.89 billions from all circles of the region, including Multan, Muzaffargarh, DG Khan, Khanewal, Vehari, Bahawalnager, Bahawalpur, ... Read More »

Al Mustafa Trust gets $83,230 from Japan for better health facilities

Al Mustafa

ISLAMABAD: The Government of Japan has extended a grant of US $ 83,230 to Al Mustafa Trust for installing new medical equipment at its medical center in Chaklala, Rawalpindi to better serve the underprivileged communities in surrounding areas. The Government of Japan has extended this grant under its Grant Assistance for Grassroots Human Security Projects (GGP) Programme to implement the ... Read More »

Property portal launches ‘New Project’ section on its mobile app


LAHORE: Zameen.com, Pakistan’s No. 1 Property Listing and Real Estate portal, has recently added new features and functionality to its mobile app. The mobile app will now boast the ‘New Projects’ section; a feature available on the Zameen.com website as well. Through this feature, users can browse through new and upcoming housing and commercial projects available in the realty market. ... Read More »

Over 14,000 taxpayers file returns to avail reduced WHT rates


KARACHI: In order to get lower rate of withholding tax rates under Income Tax Ordinance, 2001 about 14,547 taxpayers file their annual returns during last week, according to Active Taxpayers List (ATL) issued by the Federal Board of Revenue (FBR). According to weekly ATL-2016, the total returns received by the FBR are reached at 1,066,120 by March 19, 2017 as ... Read More »

SHC orders release of trawler


KARACHI: Sindh High Court of (SHC) has ordered to release of a trawler against payment of fine etc. An appellate bench of comprising Justic Munib Akhtar and Justice Yousuf Ali Sayeed. The bench earlier perused a report by the Nazir in a constitution petition filed by on Munawwar Hussain, owner of the vehicle alleged to have been used in a ... Read More »

PTDC spends Rs4m on motels’ maintenance to promote tourism


ISLAMABAD: Pakistan Tourism Development Corporation (PTDC) has spent around Rs4 million in a year for the repair and maintenance of its different motels and facilities. The government desires to ensure reasonable facilities to boost tourism, Listing the steps, they said that Corporation’s restaurant at Daman-e Koh in Islamabad had been made operational again, and now PTDC was running the restaurant. ... Read More »

3 main railway lines upgraded under CPEC

btk railway

ISLAMABAD: Pakistan Railways is taking various steps to upgrade three main railway tracks, including Main Line (ML)-1, ML-2 and ML-3 under the China-Pakistan Economic Corridor (CPEC). The upgradation and doubling of 1872 kilometres long ML-1 from Karachi to Peshawar, including 55-km Taxila-Havelian section is being done. Additionally, the establishment of a dry port near Havelian has been declared as ‘Early ... Read More »

FIA approaches Interior Ministry to put players on ECL


ISLAMABAD: The Federal Investigation Agency (FIA) has recommended putting the names of all the suspended cricketers on the exit control list (ECL) for the effective inquiry into spot-fixing scandal in the Pakistan Super League (PSL). In a letter addressed to the Ministry of Interior, the concerned FIA officials have recommended putting the names of suspended cricketers on the ECL. Currently ... Read More »

International investment conference to be held on May 22-23


FAISALABAD: The 8th International Investment Conference “Sarajevo Business Forum (SBF) 2017” will be held in Sarajevo on May 22-23. According to the Trade Development Authority of Pakistan (TDAP) sources, the Sarajevo Business Forum (SBF) will provide networking opportunities for all participants, enabling them to promote their companies, organizations, products and ideas etc. “ SBF 2017 will also provide an opportunity ... Read More »

Denmark celebrates completion of its Pakistan development programme

joint venture

ISLAMABAD: The Embassy of Denmark here on Monday (today) celebrated the completion of its development programme 2010-2017 in Pakistan. Around 5.7 million people have benefited from the Danish Government’s support to the Multi-Donor Trust Fund (MDTF) which helped revitalize the economy, and improve education and health services in Khyber Pakhtunkhwa, Federally Administered Tribal Areas and Balochistan. Denmark’s partnership with MDTF ... Read More »

Halal conference to start from April 11


LAHORE: Punjab Halal Development Agency (PHDA) has announced 6th International Halal Conference and Expo to be held on April 11 & 12 at a local hotel. Prime objective of the event is to showcase the livestock and allied industries potential for international community and investors with the target to increase Halal trade in Pakistan. According to a spokesman,the agency has ... Read More »

Chinese companies keen to invest in various sectors of Pakistan


ISLAMABAD: Worldwide Business Culture Exchange Centre (WBCEC) Secretary General Yin Lin Bing Sunday said the Chinese investors considered Pakistan a potential country for business and had come here to explore opportunities for investment. He was addressing business community here at the Islamabad Chamber of Commerce and Industry (ICCI). Yin Lin Bing visited ICCI leading a 29-member delegation of Chinese companies, ... Read More »

Land officer booked over corruption charges


SARGODHA: The Anti-Corruption Establishment has registered a case against an assistant director land records over corruption charges.  The case has been registered on the directions of director ACE Asim Raza. The AC sources said on Monday that complainant Muhammad Akram resident of Gulshan Hayat colony Sargodha in his applications said that assistant director land record Sillanwali Muhammad Usman had taken ... Read More »

325 development schemes approved


KHANEWAL: District Development Committee has approved 325 development schemes in the district under Prime Minister’s Global Sustainable Development Goals (SDGs) Program (2016-18) here on Monday. The approval has been given in a meeting of district development committee presided by Deputy Commissioner Muzaffar Khan Sial. Read More »

Development projects in full swing in city


SARGODHA: The provincial government is striving hard to make the city a model one and lot of new development projects are underway. This was said by Deputy Commissioner Liaquat Ali Chatha while talking to the media here on Sunday. He said problems of people would be resolved on priority and all facilities would be provided to the masses.  A cancer ... Read More »