Prime Minister has tasked Secretary Finance Imdad Ullah Bosal to identify officials involved in the delay in implementation of the Track and trace System. Sources informed ProPakistani that the PM on Friday during this cabinet meeting showed dissatisfaction over the report submitted by the Tariq Bajwa led committee on Track
The federal government has started to take punitive action against officials of the Federal Board of Revenue (FBR) just before the budget preparation exercise for the next fiscal year. The major reshuffle has reportedly taken place as Prime Minister Shehbaz Sharif is not satisfied with the performance of the FBR,
The federal government has started to take punitive actions against officials of the Federal Board of Revenue (FBR) for a non-compliance attitude of senior management just before the budget preparation exercise for 2024-25. FBR has placed 12 grade 22 and 21 Inland Revenue Service and Customs officers. It transferred almost
The Pakistani rupee fell third day in a row against the US Dollar after opening trade at 278 in the interbank market. It was largely stable against the greenback but crashed against other major currencies today. The interbank rate stayed at 278.5 most of the day before closing at the
MCB Bank Limited (PSX: MCB) has approved the Scheme of Compromises, Arrangements and Reconstruction for converting 39 branches into Islamic banking entities, the bank informed the main bourse on Wednesday. According to stock filing, the scheme has essentially greenlit demerging the existing business, assets, liabilities, and operations of 39 branches
The government has requested the World Bank for restructuring of Higher Education Development in Pakistan (HEDP) project of worth $400 million for third time to allow for the completion of critical IT and IT-related activities and the full achievement of Performance Based Condition (PBCs). Official documents revealed that the project
The National Electric Power Regulatory Authority (NEPRA) has given decision on the utility’s Transmission and Distribution Investment Plan till FY2030 which will catalyze the company’s efforts to reduce losses in transmission and distribution, drive growth in its customer base, and bolster the power utility’s infrastructure to meet current demands and
Experts at a high-level policy forum on Wednesday demanded of the International Monetary Fund (IMF) and other global finance lending institutions to ensure relief for growth in Pakistan keeping in view the plight of common masses and the prevailing economic conditions of the country. The forum titled: ‘Prosperity for Pakistan: