News Desk The Cabinet Committee on Privatization (CC0P) has approved the “Divestment of up to 7% Government-owned shares in OGDCL” through public offerings. It also directed to initiate the appointment of a Financial Adviser for the process. According to details, the meeting of CCoP held in Islamabad on Friday with Adviser to the Prime Minister…
Aftab Ahmed Islamabad: The government has directed Capital Development Authority (CDA) to issue notices to Navy and Air Force headquarters to remove encroachments on the roads and Margalla Hills National Park. In a recent meeting chaired by Prime Minister Imran Khan, Minister for Human Rights had drawn attention to Bahria University’s students’ cars parked on…
Aftab Ahmed Islamabad: The Economic Coordination Committee (ECC) of the Cabinet in principle go-ahead to the payment of all liabilities and responsibilities of Roosevelt Hotel. All these resulted from a debt of US$ 105 million. Pakistan International Airlines Corporation Limited (PIACL) secured this debt. The PIACL also owned the Roosevelt Hotel in Manhattan, New York….
Aftab Ahmed Islamabad: The Ministry of Industries & Production has asked Chairman Utility Stores Corporation Board of Director, Zulqarnain Ali Khan, to explain some of the alleged charges against him, sources in the ministry told Newztodays.com on Saturday. In a four paged letter addressed to Chairman USC, the ministry has asked to explain his position…
News Desk The government has announced a new shipping policy, under which incentives have been provided to private shipping companies. The announcement has been made by the Federal Minister for Maritime Affairs Ali Zaidi. According to media reports, Ali Zaidi was addressing a news conference along with Advisor on Commerce Abdul Razzak Dawood in Islamabad…
Aftab Ahmed Islamabad: Islamabad Capital Administration, under Anti-Terrorism Act, 1997, has seized/frozen the properties against the names of persons included in Schedule IV with immediate effect, said order of the office of Deputy Commissioner, ICT, Islamabad. The Assistant Commissioner (Saddar), ICT, and Tehsildar, ICT is further directed to take over the properties‘ possession and…
News Desk The Executive committee of the National Economic Council (ECNEC) has approved the project of Pakistan Railways for up-gradation of Pakistan Railways existing Mainline-1 (ML-1) and establishment of the dry port near Havelian at the rationalized cost of US$ 6,806.783 million on a cost-sharing basis between the governments of China and Pakistan. According to…
News Desk The federal government has accused the Sindh government of creating a wheat crisis following the refusal to release stocks. Addressing a press conference, Minister for National Food Security and Research, Syed Fakhr Imam said that the provincial government’s continuous refusal created problems for the federal government. He said that wheat prices would decline…
News Desk Honda Atlas Car (Pakistan) Limited Wednesday announced to enhance car prices of its all model up to Rs 80,000 to Rs 100,000 from August 10, 2020. The main reason behind this increase is the depreciation of the rupee vs dollar, the company said. “Due to current forex situation, it has become difficult for…
The Privatization Commission Board considered the legal and other impending issues in the privatization of Pakistan Engineering Company Ltd–PECO. Federal Minister for Privatization Mohammed Mian Soomro chaired a Privatization Board (PC) meeting on Wednesday in Islamabad. Additional Secretary Privatization, PC board members—Etrat Hussain Rizvi, Zafar Iqbal Sobani, Ashfaq Yousuf Tola, Khurram Shehzad, Eng. M.A Jabbar,…