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Centre, KP seem to be on ‘same page’ on NFC tweaks

For a change, the federal government led by the PML-N and the Khyber Pakhtunkhwa government headed by the PTI seem to be in agreement on changes to the oversized population factor in determining the share of the federation and its federating units under the new National Finance Commission (NFC), set to hold its introductory meeting later this week. “We will demand that population and backwardne

Crop data to be augmented using satellite technology

In an effort to settle disputes over crop data, especially in Punjab, a new programme aims to use satellite technology to obtain accurate crop cultivation figures. Unreliable figures on total acreage and production of a specific crop have remained a persistent issue for the country. The lack of accurate information makes it difficult for stakeholders, including government departments, to fra

Top official replaced amid controversy over KP gas field award

The government has removed a senior petroleum division official on orders from the PM Office, following a controversy involving the award of a majority government-owned gas field to third party, sources told Dawn. Director General Petroleum Concessions Kashif Ali, a grade 20 officer, has been transferred to the administration/policy wing of the petroleum division. In his stead, Imran Ahmad,

FM Dar meets Bangladesh’s Yunus during historic visit as ‘revitalising Saarc’ comes under focus

Deputy Prime Minister and Foreign Minister Ishaq Dar on Sunday met Bangladesh Chief Adviser Professor Muhammad Yunus during his landmark visit to Dhaka during which the latter stressed the need to revitalise regional cooperation through South Asian Association for Regional Cooperation (Saarc). Ever since a popular uprising in Bangladesh saw Sheikh Hasina’s government toppled in August of last y

Illegal forex market may hit exchange rate stability

Currency dealers in the banking market have reported a sharp 50 per cent decline in dollar sales by money changers this month, amid concerns that the grey market has re-emerged, buying dollars at higher prices. Dealers indicated that while remittance inflows remain unaffected, with July witnessing $3.2 billion in transfers, the drop in open market sales could destabilise the exchange rate. M