News

Committee set up to curb mobile phone smuggling

As the pressure grows to stop the smuggling of mobile phones, the government is set to devise a mechanism with the help of private sector stakeholders. On Feb 12, Anwaarul Haq Kakar, the former caretaker prime minister, took the first step in this regard by establishing a Mobile Phone Smuggling Committee headed by the DG Reforms and Automation Customs Department. The customs department has w

Chinese diplomat says work on CPEC phase-II being accelerated

China is expediting work on CPEC phase-II to materialise the dream of a shared future in the new era for the benefit of the two nations, says Chinese Consul General in Lahore Zhao Shiren. “Pakistan and China are all-weather strategic cooperative partners, and Beijing hopes to work with Islamabad to reach new heights of iron-clad friendship,” Mr Zhao said at an Iftar dinner hosted by Institute o

Food exports surge 35pc in February

The export of raw food products recorded a growth of 35.38 per cent in February to $702.46 million, up from $518.87m over the corresponding month last year, forcing the local consumers to pay higher prices. With this growth, raw food exports increased for the seventh consecutive month during the current fiscal year despite the highest food inflation in the country’s history, according to data c

Bidding deadline for airports’ outsourcing extended

The government has decided to extend by two months the deadline for submission of bids for the outsourcing of management and operations of the country’s three major airports following the requests of foreign investors and recommendations of the Internat­ional Finance Corporation (IFC). The decision was taken at a meeting of the steering committee on outsourcing of Islamabad, Karachi and Lahore

Crisis-hit Sri Lankan economy rebounds as tourists return

Sri Lanka’s economy rebounded stro­ngly in the fourth quarter of 2023 from the island nation’s unprecedented financial crisis as tourism arrivals rose, the government said on Saturday. Agriculture, industries and services boosted the expansion to 4.5 per cent in the December quarter compared to a 12.4pc contraction a year earlier, the census and statistics department said. It added however