Imran Ali Kundi

  • ISLAMABAD           -      Pakistan Customs has intensified its operations against the importers responsible for under-invoicing, over-invoicing and mis-declaration, as un-earthed under invoicing of Rs330 million in a recent ...

    Read More
  • ISLAMABAD          -       The National Assembly Standing Committee on Privatisation was informed that government is appointing the Financial Adviser (FA) to undertake the envisaged leasing of Roosevelt Hotel site for ...

    Read More
  • ISLAMABAD-The Executive committee of the National Economic Council (ECNEC) on Wednesday approved the project of up gradation of Pakistan Railways existing Mainline-1 (ML-1) and establishment of dry port near Havelian at the rationalised cost of $6.806 billion on cost sharing basis between the ...

    Read More
  • ISLAMABAD-Overall Business Confidence Score (BCS) in Pakistan stands at 50 percent negative, a further drop by 5 percent from the already 45 percent negative score in survey conducted in August 2019.Overseas Investors Chamber of Commerce and Industry (OICCI) shared the results of its Business ...

    Read More
  • ISLAMABAD            -        The Cabinet Committee on Privatization (CCoP) will consider approving transaction structures for five government entities to be privatised after Eid-ul-Azha. An official in ...

    Read More
  • Ease in lockdown by government may lead to jack-up project financing in coming months ISLAMABAD            -       Pakistan had paid $8.976 billion as servicing of external public debt in eleven months (July to ...

    Read More
  • ISLAMABAD-The Privatisation Commission board on Wednesday mulled over selling 10 percent shares of Oil and Gas Development Company Limited (OGDCL). The Privatisation Commission (PC) board, which met under the chair of Federal Minister for Privatization Mohammed Mian Soomro, has considered the ...

    Read More
  • ISLAMAABD-Prime Minister’s office has directed that all enquiries initiated under the Efficiency and Disciplinary (E&D) Rules, which are pending at any level beyond three months, should be finalised on merit and submitted to the concerned quarters within 90 working days. “It has ...

    Read More
  • ISLAMABAD-The Economic Coordination Committee (ECC) of the Cabinet has approved a proposal by the Ministry of Energy for revision of prices of petroleum products on fortnightly basis instead of the existing monthly basis.The ECC has decided to adopt a revised pricing methodology for motor gasoline ...

    Read More
  • ISLAMABAD-National Assembly Standing Committee on Finance and Revenue on Tuesday has expressed reservations for referring three important bills including Anti-Money Laundering Bill (Second Amendment) Bill 2020 to the special parliamentary committee on legislation.The Meeting of the National ...

    Read More
  • ISLAMABAD-The ministry of commerce would start consultations with stakeholders in August to develop a roadmap of tariff rationalisation for three years for improvement of competitiveness of domestic industry including the exports sector. Adviser to the Prime Minister on Commerce and Investment ...

    Read More
  • ISLAMABAD              -        The government, under its Agricultural Fiscal Package, has approved Rs1.5 billion sales tax subsidy on locally manufactured tractors in order to promote mechanisation ...

    Read More
  • ISLAMABAD-The ministry of commerce on Friday said that India has violated article 7 of SAFTA (Trade Liberalization Programme), therefore, Pakistan has formally suspended imports and exports with India in last year.The officials of the ministry informed this to the National Assembly Standing ...

    Read More
  • ISLAMABAD             -         Pakistan has signed two financing agreements valuing $750 million with the World Bank (WB) and the Asian Infrastructure Development Bank (AIIB) for the Resilient ...

    Read More
  • ISLAMABAD - Following the removal of Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh from the 10th National Finance Commission (NFC), the government yesterday changed the Terms of Reference (ToR) of the Com­mission. The Finance Division issued a notifi­cation that ...

    Read More
  • ISLAMABAD-The Economic Coordination Committee (ECC) of the Cabinet on Wednesday has approved ‘Mark up subsidy for Housing Finance’ worth Rs33 billion as proposed by Naya Pakistan Housing and Development Authority (NPHDA). The ECC, which was chaired by Adviser to Prime Minister on ...

    Read More
  • ISLAMABAD-The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of $250 million to help Pakistan strengthen its response to the social and economic fallout from the COVID-19 pandemic.Cofinanced with the World Bank, this development policy financing will help ...

    Read More
  • ISLAMABAD-The National Assembly Standing Committee on Finance and Revenue has expressed displeasure over the absence of Adviser to Prime Minister on Finance Abdul Hafeez Shaikh and reiterated that Legislative Business (Government Bills) will not be considered without his attendance. The committee ...

    Read More
  • ISLAMABAD-Pakistan’s large-scale manufacturing (LSM) growth shrank by 24.8 percent in May this year due to slowdown in economic activities amid outbreak of Covid-19. The LSM growth declined by 10.32 percent during eleven months (July to May) of the previous fiscal year, which showed that ...

    Read More
  • ISLAMABAD-International Finance Corporation (IFC), a member of the World Bank Group, has signed a deal for a five-year loan investment of $25 million in Packages Limited, one of Pakistan’s leading packaging and tissue paper producers, to modernise its operations, and cut its water and energy ...

    Read More
  • ISLAMABAD-Traders’ representatives from different cities of the country have held protest rally in federal capital and sought a relief package for the traders affected by the coronavirus.Traders’ representatives started rally ‘Horn Bajao Hukamran Jagao’ from Zeropoint to the ...

    Read More
  • ISLAMABAD-Private sector is responding positively to the government’s wheat import policy, as 270,000 metric tonnes of wheat has been booked on 4 vessels by private sector for August and September. Federal Secretary for National Food Security and Research, Omar Hamud Khan consulted with all ...

    Read More
  • ISLAMABAD-Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood on Friday said that Pakistan’s exports have shown clear signs of recovery in the ongoing month of July after continuously declined in last few months due to the outbreak of COVID-19. He informed the Senate ...

    Read More
  • ISLAMABAD-The Federal Board of Revenue (FBR) has transferred and posted 12 senior officials including members with immediate effects following the removal of chairperson FBR.The federal government on July 4 had removed Nausheen Javaid Amjad from the post of FBR chairperson and appointed Muhammad ...

    Read More
  • ISLAMABAD             -          The Executive Committee of the National Economic Council (ECNEC) has approved four projects worth Rs289 billion for construction of national highways in ...

    Read More
  • ISLAMABAD - United States President Donald Trump has expressed interest in acquiring the Pakistan International Airlines’ Roosevelt Hotel in New York. Top officials of PIA have made the revelation in the National Assembly Standing Committee on Privatization on Wednesday. The meeting was held ...

    Read More
  • ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet on Wednesday directed the Ministry of National Food Security and Research to accelerate efforts for wheat imports. The ECC, which met here under the chair of Adviser to Prime Minister on Finance and Revenue Dr. Abdul Hafeez ...

    Read More
  • ISLAMABAD-Federal Minister for Industries and Production Hammad Azhar on Wednesday said that 12 Chinese and Russians firms have expressed an interest in Pakistan Steel Mills (PSM), which is facing massive losses.He said that government would not privatise the PSM, as it would run it through ...

    Read More
  • ISLAMABAD/LAHOREPakistan and Hungary has signed a Convention for the Avoidance of double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income. The Article 27 of the Convention deals with Exchange of Information under Organization for Economic Cooperation and Development ...

    Read More
  • ISLAMABAD-Exporters have asked the government to address their key issues to increase the country’s exports, which are continuously declining from last several months due to the COVID-19.Leading exporters of textile and rice sectors have met with Secretary Commerce Muhammad Sualeh Ahmed ...

    Read More