Amid delays in the resolution of legal issues, the board of directors of defunct Pakistan Steel Mills (PSM) has refused to accept the unilateral evaluation of its land by Sui Southern Gas Company Ltd (SSGCL). The board in its meetings held on March 29 and April 7 “has shown great concern over delay in issuance of No-Objection-Certificate (NOC) for transferring PSM’s core operating assets to Ste
The history of well-established, principled and long-standing partnerships based on cooperation between China and Pakistan dates back to the earliest years when Pakistan was one of the first major countries to recognise the People’s Republic of China. This ‘time-tested and all-weather’ friendship is built on the strong pillars of bilateral cooperation on socio-economic grounds. Continuing the h
Imaginative Pakistanis adjusted to make the most of their trimmed Eid budgets and celebrate the biggest festival of the Muslim calendar. Where there was a need, parents swallowed the pride, even endangered life, to access whatever resources they could garner from wherever possible to buy joy for children and participate in festivities. Eid economy, marketeers projected, shrunk uniformly by a
Banks’ lending to the federal government surged by 182 per cent while lending to the private sector fell by 83pc in first nine months of the current fiscal year. The State Bank of Pakistan (SBP) data showed that banks were keen to invest in government papers instead of lending to the private sector. While it reflects the government’s growing need for liquidity due to a shortfall in revenue coll
Interior Minister Rana Sanaullah has said he expects the long-awaited staff-level agreement with the International Monetary Fund to be finalised within a week to 10 days’ time — a pact that would pave the way for the revival of a $7 billion bailout programme. The minister made this statement while speaking to the media in Faisalabad on Monday. “The conditions of that [IMF agreement] are fulf