ISLAMABAD: An inquiry committee has attributed the failure and flawed awarding of a Rs25 billion contract, aimed at monitoring the production activities of companies three years ago, to the project director and two former chairmen of the Federal Board of Revenue (FBR). Chaired by Secretary Finance Imdad Ullah Bosal, the committee presented its findings to Prime Minister Shehbaz Sharif on Tuesda
Musaliha International Centre for Arbitration and Dispute Resolution (MICADR) Managing Director Justice (Retd) Arif Hussain Khilji has advised the business community to settle all their business-related and other disputes through the arbitration and mediation services being provided by MICADR, which was Pakistan’s first high court and government-recognised private alternative dispute resolution (A
The government, on Tuesday, approved a supplementary budget worth Rs147 billion to meet various obligations, including Rs363 million for renovating the Prime Minister’s office and paying honorariums to another department. The Economic Coordination Committee (ECC) of the Cabinet, which made these decisions, also increased the federal government’s wheat procurement quota by another 400,000 metric
Amid consolidation of overnight gains, the stock market on Tuesday turned in a subdued performance as the KSE-100 index inched lower in mixed trading. Topline Securities Ltd said the market initially extended the overnight buoyant momentum, tossing the index to an intraday high of 73,260, gaining 496 points. However, some investors opted to take profits at the day’s high level, which compelled
Dubai Islamic Bank Pakistan Ltd (DIBPL) has signed an issuing bank agreement with the International Finance Corporation (IFC) to support international trade in Pakistan. The IFC’s Global Trade Finance Programme (GTFP) has been operating in Pakistan since 2005. Pakistan is now one of the top markets for the programme with total GTFP commitments of $6.6 billion since its inception and $1.4bn for