By NewzTodays Editorial Team | April 8, 2021

The Sindh and Balochistan have turned down the figures of water system losses Water and Power Development Authority (Wapda) has proposed during Kharif season. IRSA Advisory Committee (IAC) in its meeting held here discussed the recommendations of the IRSA Technical Committee (ITC) meeting held on March 26, 2021. After a comprehensive discussion and input from…

By NewzTodays Editorial Team | April 8, 2021

The country has received over $800 million in Roshan Digital Accounts (RDAs) from overseas Pakistanis. The Governor State Bank of Pakistan informed Prime Minister Imran Khan in a meeting held here. He said that it was a good sign for Pakistan. $671m received through Roshan Digital Accounts Earlier Pakistan received over $671 million from over…

By NewzTodays Editorial Team | April 8, 2021

Aftab Ahmed The PTI government has secured a US$10.8 billion loan from China in 2021 for retiring international financing commitment in the next 12 months. The PTI government has informed International Monetary Fund (IMF) that the gross external financing needs for the next 12 months (April 2021-March 2022) will amount to US$25 billion, of which…

By NewzTodays Editorial Team | April 8, 2021

Aftab Ahmed The SAPM on Petroleum categorically emphasized that a regulator should work according to its mandate and take decisions independently. Special Assistant to the Prime Minister (SAPM) on Petroleum, Tabish Gauhar visited OGRA head office and met the Chairman, Authority Members, and Senior Management. Gauhar lashes out at KE’s arbitration to halt transaction? Mr….

By NewzTodays Editorial Team | April 7, 2021

Aftab Ahmed The Economic Coordination Committee (ECC) on Wednesday okayed restructuring of Pakistan International Airlines (PIA) with a direction to place a cap on future debt which PIACL could take against its improved balance sheet, once the restructuring plan is implemented. The restructuring included human resource restructuring through Voluntary Separation Scheme (VSS), hiring Aviation experts,…

By NewzTodays Editorial Team | April 7, 2021

The Cabinet Committee on State-Owned Enterprises (CCOSOEs) has the approval of Terms of Reference (TORs) for a forensic audit of the State-Owned Enterprises (SOEs). Muhammad Hammad Azhar chaired the meeting of the Cabinet Committee on State-Owned Enterprises (CCOSOEs) on Wednesday. Federal Minister for Privatization Mohammad Mian Soomro, Advisor to the Prime Minister for Commerce Abdul…

By NewzTodays Editorial Team | April 2, 2021

Aftab Ahmed China has allowed the first Pakistani company to export meat. China has granted permission to The Organic Meat Company Limited (OMCL) to export meat to China. In this regard, the company has received all approvals from the customs authorities of China. It will export treated beef meat to China. In a notice issued…

By NewzTodays Editorial Team | April 2, 2021

Aftab Ahmed The FFC Board of directors has approved the acquisition of shares in the FFBL wind plant. In a notice to Pakistan Stock Exchange, FFC said that pursuant to submission of EOIs to Fauji Foundation and FFBL for the proposed acquisition of their majority equity shareholding in Foundation Wind Energy I Limited (“FWEL-I”) and…

By NewzTodays Editorial Team | April 1, 2021

The IMF, World Bank, and ADB have highlighted the need for consolidated debt management functions within the Finance Division Aftab Ahmed The government has decided to amend the Fiscal Responsibility and Debt Limitation (FRDL) Act 2005 to limit the stock of government guarantees at 10 percent of GDP in order to fulfill the demand of…

By NewzTodays Editorial Team | April 1, 2021

Razak outlined the government’s vision for trade with Afghanistan and the Central Asian republic Pakistan and Afghanistan Thursday signed a three-month extension protocol to the Afghanistan-Pakistan Transit Trade Agreement 2010 (APTTA). Minister for Trade and Investment Mr. Abdul Razak Dawood and Minister for Industry and Trade Mr. Nisar AhmadGhoriyani, have signed a three-month extension protocol…