ISLAMABAD - Criticizing the former rulers, Finance Minister Shaukat Tarin said that the PML-N government’s wrong polices had brought the country to the brink of economic disaster. Speaking to the journalists along with Minister for Energy Hammad Azhar and Minister for Economic Affairs Khusro ...

LODHRAN: Federal Minister for Railways Azam Khan Swati has predicted that the railways will recover from the historic loss in six to nine months. He stated: “We will run the railways under the proposed business plan for their rehabilitation. The announcement regarding the privatization of the ...

*Karachi - The federal cabinet has approved a plan to divide Pakistan International Airline (PIA) into two companies and has sent the summary to Economic Coordination Committee for a few revisions, revealed Information Minister Fawad Chaudhry.* The initiative, which was discussed during a meeting ...

The indicative resources available for commitment during 2021-2023 for sovereign operations for Pakistan is $5.436 billion, says Asia Development Bank (ADB). These resources comprise $3.645 billion for regular Ordinary Capital Resources (OCR) lending and $1.79 billion for concessional OCR ...

The federal government has decided to perform the forensic audit of 10 loss-making State-Owned Enterprises (SOEs) from 2016 to 2018. According to details, the Auditor General of Pakistan (AGP) will conduct the forensic audit of 5 SOEs which are Pakistan Railways, Pakistan International Airlines ...

ISLAMABAD: Federal Minister for Privatisation Mohammad Mian Soomro and Federal Minister for Industries and Production Hammad Azhar co-chaired an important meeting to review and discuss the progress made in the revival of Pakistan Steel Mills (PSM). The meeting was briefed on progress as per the ...

ISLAMABAD: Minister for Aviation Division Ghulam Sarwar Khan Tuesday apprised the Senate that Roosevelt Hotel was not being sold, however, it was being leased out for setting up a joint venture project. The Cabinet Committee on Privatization in its meeting held on November 15, 2019 considered the ...

SIALKOT - Umar Ahmed Ghumman former Member of National Assembly of Pakistan from NA-112 and Federal Minister of State for Privatization and Investment, Chairman Board of Investment on Sunday announced to contest the upcoming US Congressional elections from the 8th District of Virginia. In a press ...

Chinese, Russian, and Korean investors are showing interest in the revival of Pakistan Steel Mills (PSM). The government-owned organization is closed since 2015. The incumbent government has already announced plans to revive the company through Public-Private Partnership. According to the news ...

ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approved different policies pertaining to Mobile Device Manufacturing, Electric Vehicles, New Re-lending-2020, in addition to removal of 4 percent tax on locally manufactured phones and issuance of offshore Pakistan ...