approves

Cabinet approves Rs25.75b grant for zero-rated industries

Cabinet approves Rs25.75b grant for zero-rated industries

ISLAMABAD:The federal cabinet approved on Thursday a supplementary grant of Rs25.75 billion for the provision of subsidy to the zero-rated export-oriented industries and captive power plants consuming re-gasified liquefied natural gas (RLNG).Additionally, the cabinet approved a gas subsidy of Rs5.5 billion to maintain fertiliser prices at current levels. To minimise the price difference between the […]

Cabinet approves Rs25.75b grant for zero-rated industries

ISLAMABAD:The federal cabinet approved on Thursday a supplementary grant of Rs25.75 billion for the provision of subsidy to the zero-rated export-oriented industries and captive power plants consuming re-gasified liquefied natural gas (RLNG).Additionally, the cabinet approved a gas subsidy of Rs5.5 billion to maintain fertiliser prices at current levels. To minimise the price difference between the […]

ECC approves Rs1,066m grant to clear dues to families of deceased PSM employees

ECC approves Rs1,066m grant to clear dues to families of deceased PSM employees

ISLAMABAD  – The Economic Coordination Committee (ECC) on Thursday approved a grant of Rs1,066.078 million for payment of outstanding dues to families of deceased employees of Pakistan Steel Mills (PSM).The approval was given during a meeting of the ECC held on Thursday held with Finance Minister Asad Umar in chair.The meeting in consideration of the […]

PTI govt approves wheat export at subsidised rate

PTI govt approves wheat export at subsidised rate

ISLAMABAD: The federal government deferred on Tuesday a decision on providing $82.6 million worth of foreign loan to the Pakistan Poverty Alleviation Fund (PPAF) as a grant for distribution under the social safety programme – a job that can easily be performed without involving the PPAF.The Economic Coordination Committee (ECC) linked approval of the $82.6 million […]

ECNEC approves mini-dam as part of Diamer-Bhasha

ECNEC approves mini-dam as part of Diamer-Bhasha

ISLAMABAD: The government on Wednesday changed the scope of Diamer-Bhasha dam project, just six months after its approval by the highest forum, and made a mini-dam part of the scheme, which would push its overall cost to Rs480 billion.The Executive Committee of the National Economic Council (Ecnec), the highest project approving authority, included the Tangir hydropower […]

Govt approves Rs17b bailout package to keep PIA afloat

Govt approves Rs17b bailout package to keep PIA afloat

ISLAMABAD: The government on Monday approved a Rs17-billion bailout package for Pakistan International Airlines (PIA) to keep the national flag carrier in the skies for the next two months amid a phenomenal increase in its losses that shot up to Rs360 billion.It is the first bailout package approved by the government of Prime Minister Imran Khan, […]

CCP approves Alipay’s acquisition of Telenor microfinance bank limited

CCP approves Alipay’s acquisition of Telenor microfinance bank limited

ISLAMABAD – The Competition Commission of Pakistan has approved Alipay (Hong Kong) Holding Limited s acquisition of 45 percent shareholding in Telenor Microfinance Bank Limited, paving the way for the world s largest mobile payment platform s entry into Pakistan.Founded in 2004 by Jack Ma, Alipay is a part of the Alibaba Group, a Chinese multinational conglomerate specializing […]

RO approves Maryam Nawaz’s nomination paper for NA-127

RO approves Maryam Nawaz’s nomination paper for NA-127

LAHORE ;The nomination papers of Pakistan Muslim League-Nawaz (PML-N) leader Maryam Nawaz for the National Assembly constituency NA-127 has been approved. While announcing the reserved verdict, the Returning Officer approved nomination papers of Maryam Nawaz. The PML-N leader was accused of having two passports one with the name Maryam Nawaz and the other with the […]

Interior Ministry approves FIA’s request for red warrants in Imran Farooq murder

Interior Ministry approves FIA’s request for red warrants in Imran Farooq murder

Islamabad: The Interior Ministry on Friday approved a request by the Federal Investigation Agency (FIA) for red warrants for three suspects in the murder of Muttahida Qaumi Movement (MQM) leader Imran Farooq. After the approval, the FIA will contact the International Criminal Police Organisation (Interpol) to send out red warrants for three important MQM-London members […]

Bilawal Bhutto approves PPP office-bearers of three South Punjab Divisions

Bilawal Bhutto approves PPP office-bearers of three South Punjab Divisions

KARACHI, May 31: Chairman, Pakistan Peoples Party Bilawal Bhutto Zardari has appointed following office bearers of Multan, Bahawalpur and Dera Ghazi Khan Divisions and Districts with immediate effect. Multan Division: 1.             President Malik Nosher Langryal Adv. 2.             General Secretary Dr. Muhammed Javaid Siddiqui […]

CM approves IT city, Domicile/PRC, Livestock tagging projects

CM approves IT city, Domicile/PRC, Livestock tagging projects

CM approves IT city, Domicile/PRC, Livestock tagging projects   KARACHI: The Public Private Partnership (PPP) Policy board meeting held under the chairmanship of Sindh Chief Minister Syed Murad Ali Shah here at the CM House has approved IT City, Domicile and PRC Automation project and Livestock tagging projects under PPP mode. Secretary IT Raheem Shaikh […]