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Disbursement of funds for uplift projects speeded up – Newspaper

ISLAMABAD: The Planning Commission has accelerated the disbursement of funds for development projects, since it authorized an expense of Rs257.17 billion in the first four months of the current fiscal year, almost 144 percent against Rs106bn for the same period of the year past. According to data released by the commission on Sunday, it authorized […]

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US sees gaps in Pakistan’s fight against terror funding – Newspaper

WASHINGTON: Pakistan implements international standards to combat money laundering and terrorist financing and has also criminalized such acts, "but the implementation remains uneven," says the US State Department report on terrorism. The report ordered by Congress, published on Friday, represents the official assessment of the United States on the state of global terrorism over the

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31 Pakistani migrants found in lorry in France – Newspaper

NICE: More than 30 migrants from Pakistan were found hiding in a truck in southern France, prosecutors said on Saturday. They said the driver, who was also from Pakistan, was arrested. The discovery came after 39 people were found dead in a refrigerated truck in Britain last month, once again exposing the risks faced by

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PPP, PML-N to stay away from sit-in – Newspaper

ISLAMABAD: Respecting its previous position, the two main opposition parties of the country, the Muslim League of Pakistan-Nawaz (PML-N) and the Popular Party of Pakistan (PPP), announced Friday that they will not be part of the sitting announced by The head of Jamiat Ulema-i-Islam (JUI-F) Maulana Fazlur Rehman in the great public demonstration. The leaders

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Steel-cutting of two navy warships held in China – Newspaper

KARACHI: The steel cutting ceremony of two warships of the A / P Type 054 Frigate Project being built for the Pakistan Navy was held at the Hudong Zhonghua (HZ) shipyard, China, on Friday. According to a press release, the Chief Naval Supervisor (CNO) of China, Commodore Azfar Humayun of the Pakistan Navy and the

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Pakistan to take up projects for Chinese funding in JCC talks – Newspaper

ISLAMABAD: Pakistan will undertake new projects for Chinese financing and investment to expand the China-Pakistan Economic Corridor (CPEC) of $ 46 billion when officials from the two countries meet here on November 6 as part of the annual consultations of the Committee on Joint Cooperation (JCC). Speaking at a joint press conference together with the

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Fitch lauds improvements in business climate – Newspaper

KARACHI: Pakistan is one of the 10 economies where the business climate has improved most over the past year, Fitch Ratings said in a report issued Friday. The rating agency also recognized the policy measures taken by the government to reduce the current account deficit and reduce the trajectory of gross external financing needs. Fitch's

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SBP unveils strategy for digital payments – Newspaper

KARACHI: The governor of the State Bank of Pakistan, Reza Baqir, launched the National Payment Systems Strategy (NPSS) on Friday. At a meeting, which included the president of the World Bank, David Robert Malpass, Baqir said that "this strategy establishes a road map and an action plan for Pakistan to have a modern and solid

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