Category: News & Announcement

ISLAMABAD: Pakistan on Tuesday rece­ived an unexpected relief when it was given a five-month grace period by the Financial Action Task Force (FATF) to submit its performance report on 13 outstanding benchmarks for foolproof arrangements against money laundering and terror financing. “We have just received an intimation from FATF through the State Bank of Pakistan that our review scheduled for June 21-26 in Beijing has been postponed,” a senior government official told Dawn. The country’s performance would now be reviewed in October. He said Pakistan was earlier required to submit…

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Prime Minister Imran Khan has taken serious notice of the threats being hurled at the inquiry commission probing the sugar crisis and warned the elements of severe action if they continue to intimidate the committee. “The prime minster has expressed extreme displeasure over the threats being given to the FIA inquiry commission probing the sugar crisis,” Special Assistant to Prime Minister (SAPM) Firdous Ashiq Awan said in a post-cabinet media briefing on Tuesday. “Strict action will be taken against such elements if they threat the inquiry commission again,” she quoted…

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Stocks in Asia Pacific were mixed on Wednesday as countries in the region continued to put measures in place to battle the coronavirus pandemic. In Japan, stocks saw a turnaround after an earlier slip, with the Nikkei 225 rising 2.13% to close at 19,353.24 as shares of index heavyweight Fast Retailing surged 7.7%. The Topix index also gained 1.59% to end its trading day at 1,425.47. Mainland Chinese stocks dipped on the day, with the Shanghai composite down 0.19% to about 2,815.37 while the Shenzhen composite slipped 0.156% to around…

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ISLAMABAD: An electric vehicle policy came up for discussion on Monday, and persistent differences in views between commerce ministry and climate change ministry continued to mar the smooth passage of the policy. The meeting presided over by Adviser to the Prime Minister for Commerce, Investment and Industries & Production Abdul Razak Dawood was attended by Minister for Science and Technology Fawad Chaudhry, Adviser to the PM on Climate Change Malik Amin Aslam and Adviser to the PM on Institutional Reforms and Austerity Dr Ishrat Husain. The meeting decided that the…

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Large numbers of people flocked to popular tourists sites and major cities across China over the country’s holiday weekend, despite warnings from health authorities that the risk posed by the coronavirus pandemic remains far from over. Images from the Huangshan mountain park in Anhui province on Saturday April 4 showed thousands of people crammed together, many wearing face masks, eager to experience the great outdoors after months of travel restrictions and strict lockdown measures. Such was the rush to get into the popular tourist spot, that at 7.48 a.m., authorities…

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