Category: Recent Post

ISLAMABAD: The government is working on budgetary incentives for 2021-22 to maintain its gains what it has so far achieved to put the country on way to industrialization, making solid ground for import substitution and emphasizing more focus on diversification in exports of the country, an adviser to the prime minister said Sunday. In an exclusive chat with The News, Prime Minister’s Adviser on Commerce, Textile and Investment Abdul Razak Dawood said that the commerce ministry has shifted its paradigm with the PM’s nod. Now the ministry working on budgetary…

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Trees sustain life. They give us the air we breathe; the shade we sit under. But many trees do a lot more than just that. The Indus Delta’s mangrove forest ecosystem, for example, supports various life forms. These dense trees, that protect us from storms, cyclones and tsunamis, are also home to different kinds of marine life including fish, shrimp and crabs, and several species of birds such as pelicans, flamingoes, kingfishers, cranes and even ducks. The trees also serve as the feeding grounds for tropical birds that feed on…

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PIA has announced its financial results for FY 2020 as it submitted audited accounts with the Stock Exchange of Pakistan. What has been termed as one of the worst year in decades for the global aviation industry whereby even largest players in the market have obtained huge bailout packages from their respective governments to stay afloat, PIA came up with a noteworthy performance, nearly breaking even on operational losses and reducing its overall losses by 33.7%. According to the airline’s audited financial results for the year 2020, PIA reduced its…

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LAHORE: The PTI government’s strategy to cap the flow — or the addition of new stock — of the power sector’s circular debt in the next two years has ‘too many variables and moving parts’, which need to be implemented concurrently for the success of the proposed plan. The government has formulated the Circular Debt Management Plan with the assistance of the World Bank as a prior action for the resumption of the IMF’s $6 billion facility. But the plan has not yet been shared with the public even though…

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A delegation of Russian businessmen led by Sergey Savchuk, CEO, CC RusWelding called on Board of Investment (BOI) Chairman Atif Bokhari to discuss investment opportunities in Pakistan. The delegation briefed about their projects related to water desalination and conversion of solid waste to energy, which they intend on setting up in Karachi. They also spoke about developing an engineering center & said the company is exploring Public-Private Partnerships and EPC ventures. The delegation was briefed about various incentives offered to enterprises in Special Economic Zones (SEZs) and encouraged them to…

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