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Federal cabinet approves Rs 278bn national emergency agriculture program

Federal cabinet approves Rs 278bn national emergency agriculture program

Prime Minister Imran Khan chaired a five-hour long meeting of the federal cabinet met in Islamabad on Tuesday to review the overall political, security, and economic situation of the country. According to sources, the cabinet took several key decisions including the approval of a Rs278bn National Agriculture Emergency Programme. The ruling Pakistan Tehreek-e-Insaf (PTI) had […]

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Cabinet decides to sell off property of federal ministries

Cabinet decides to sell off property of federal ministries

The federal cabinet decided to sell off property and assets of different federal ministries and allied departments worth trillions of rupees with a view to generating revenue to support the country’s crippling economy. Interestingly, Pakistan Tehreek-i-Insaf leader Jehangir Tareen, who was disqualified for being ‘dishonest’ by the Supreme Court in a case in December 2017, […]

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CDA demolishes five houses in Malpur

CDA demolishes five houses in Malpur

Capital Development Authority on Monday during drive against encroachment demolished five houses and their boundary walls located at Mouza Malpur in the federal capital. The operation was conducted under supervision of Assistant Director Syed Adalat Shah following the directions of Director Enforcement CDA, said a statement issued here. Assistant Commissioner, Police personnel including lady police […]

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Model Housing Enclave

NAB Lahore Arrested Estate advisers suspect in Model Housing Enclave

The National Accountability Bureau (NAB) Lahore arrested six suspects, including primary accused Farhan Cheema, in the Model Housing Enclave scandal (a news source by Pak Villas). Other suspects were identified as Chauhan Estate owners Rashid Bashir and Agha Shahid, Al-Huda Estate owner Rizwan Fareed, Al-Amin Estate owner Sajid Amin and Arham Estate owner Saleem Ishtiaq. […]

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Home dept bans digging of roads under Section 144

Home Department bans digging of roads under Section 144

The Home and Tribal Affairs Department on Sunday imposed and a six-month ban on digging and damaging roads in the provincial capital under Section 144. As per the notification, all the government and semi-government departments have been directed to get a No-Objection Certificate (NOC) from the district administration before starting any repair and maintenance work. […]

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Federal Board of Revenue

FBR Announced to replace existing tax collection system into digitalise system

The Federal Board of Revenue (FBR) has announced that it will replace the existing manual tax collection system with a well-equipped, automated and digital system in a year or two to detect tax evasion and avoidance, and end alleged culture of corruption and harassment of taxpayers. “Digitalisation of the tax collection system is being done […]

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CM warns of action if 205 uplift schemes not completed by June

CM warns of action if 205 uplift schemes not completed by June

Sindh Chief Minister Syed Murad Ali Shah reviewed the progress of 443 on-going development schemes of public health engineering department (PHED), rural development department (RDD) and education department with an estimated cost of Rs33.6 billion, and remarked that he was not satisfied with the pace of work. He urged the related departments to complete 205 […]

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Securities and Exchange Commission of Pakistan

SECP allows foreign investors higher shareholding in PSX

The Securities and Exchange Commission of Pakistan (SECP), the apex regulator, has given the go-ahead for increasing the shareholding of foreign portfolio investors in the Pakistan Stock Exchange (PSX). Foreign individual and institutional investors may now buy, hold or trade PSX stocks up to a maximum 20% of outstanding shares estimated at around 800 million. […]

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Government decided to use National Database to detect tax evaders

Government decided to use National Database to detect tax evaders

The government has decided to use the data pool of the National Database and Registration Authority (NADRA) to detect tax evaders. “The data of persons registered with NADRA will be available next month. Evaders, we are coming after you. You will have to pay tax,” said Finance Minister Asad Umar, while addressing leaders at the Islamabad […]

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PSDP

No new mega projects in next year’s PSDP

The size of the Public Sector Development Programme (PSDP) for the next fiscal year is likely to remain unchanged at this year’s level of Rs675 billion, said the top official of the Ministry of Planning (MoP), suggesting that no new mega projects would be initiated next year. The development spending allocation in the current range […]

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