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,
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
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
The Pakistan Cotton Ginners Association (PCGA) has initiated a crackdown on the mixing of low-grade cotton with higher-quality lint, a practice that has been damaging the overall quality of Pakistan’s cotton. The move is aimed at improving cotton quality and boosting exports, with an emphasis on ensuring fair practices in the ginning process. This initiative, which marks a first in the count
Finance Minister Muhammad Aurangzeb on Saturday acknowledged that the country’s banking system was more complex than those of other countries, underscoring the need for a decisive transition toward blockchain technology and digital assets. Mr Aurangzeb expressed surprise at the absence of Bilal Bin Saqib, special assistant to the prime minister on blockchain and cryptocurrency, from the ‘Lead