The Sindh government is developing two special economic zones in Karachi to facilitate Chinese investors setting up various industries in collaboration with local businessmen. This was stated by Syed Nasir Hussain Shah, Minister of Energy, Regional Planning and Development, on Saturday. Speaking as the chief guest on Saturday at the 10th International Beauty, Fitness and … Read more
ISLAMABAD: The Central Directorate of National Savings (CDNS) has reduced profit rates on short-term savings certificates (STSCs), effective December 2024, due to lower inflation in the country. Introduced in 2012, it caters to the short-term financing needs of investors and offers three-month, six-month and one-year maturity options. These certificates are available to Pakistani nationals and … Read more
KARACHI: Senior Sindh Minister Sharjeel Inam Memon said that the government of Pakistan and the government of Sindh have always embraced foreign investors. A press release said that the Sindh government is working through active public-private partnership mode and full facilities in all respects will be provided to investors on public-private partnership basis.Addressing the Sindh … Read more
Islamabad: Following ongoing digital law reforms, the government has put forward a proposal to establish the National Forensic and Cybercrime Agency (NFCA) to address cyber and digital crimes, as well as related investigations. The proposal, outlined in a draft law reviewed by Dawn.com on Thursday, is part of a broader drive to reform cybercrime legislation … Read more
KarachiA $1 billion medical city could become a reality at the Dhabiji Special Economic Zone (SEZ) in Thatta, Sindh, as a high-level Chinese trade delegation has expressed keen interest in the ambitious project, according to the Sindh government. The announcement came during a visit by a 12-member delegation of leading Chinese companies to the Dabeiji … Read more
The Trump Organization, Donald Trump’s family company, will have a “very big wall” separating its business from the US government, Eric Trump, the president-elect’s son, said in an interview with Reuters in Abu Dhabi on Tuesday. The bulk of the Trump Organization’s business is in the United States, although it has significant interests abroad, including … Read more
The government has decided to sell Precision Engineering Complex (PEC), a business unit of Pakistan International Airlines (PIA), to the Pakistan Air Force (PAF) for Rs 6.5 billion. The deal includes Rs 2.5 billion in cash and Rs 4 billion in employee-related liabilities. The Express Tribune Quoting government officials. A ministerial committee has already approved … Read more
IslamabadThe government is preparing to resume the privatization process of Pakistan International Airlines (PIA) this week, aiming to revitalize the national carrier after years of financial struggles and regulatory challenges. An official at the Ministry’s Privatization Authority confirmed that the new phase will begin with the appointment of a financial advisor. The Privatization Commission board … Read more
Islamabad: The Punjab government has raised Rs. $2.7 billion by auctioning off 60 properties through a transparent bidding process across multiple regions, according to a report by *Dawn*. The estates, which were earlier managed by the Punjab Privatization Board, were transferred to the Colonial Department of the Board of Revenue (BoR) after the merger of … Read more
Saif Power Limited (SPWL), a prominent independent power producer (IPP), announced that its Board of Directors has approved amendments to agreements concluded with the government. This disclosure, made in a filing with the Pakistan Stock Exchange, is part of the company’s alignment with the ongoing reforms in the energy sector. The revisions include major changes … Read more