Sindh faces Rs56 billion shortfall in federal revenue transfers

Karachi, September 24, 2020 (PPI-OT): Sindh Chief Minister Syed Murad Ali Shah has said that the federal government has demonstrated a lukewarm attitude towards the rain affected people of the province and none of their ministers has bothered to visit the areas and support the people who are in pain and agony. “Top of it the federal government against a share of Rs126 billion of provincial government has so far proRead More…

Pakistan’s Liquid Foreign Reserves Position

Karachi, September 24, 2020 (PPI-OT): State Bank of Pakistan (SBP) here Thursday said the total liquid foreign reserves held by the country stood at US$19,903.7 million on 18-September-2020. The break-up of the foreign reserves position is as under:
i) Foreign reserves held by the State Bank of Pakistan: US$12,701.6 million
ii) Net foreign reserves held by commercial banks: US$7,202.1 million
iii) Total liquid foreigRead More…

Pakistan Making Shift to Clean Power Production and Lower Energy Costs with World Bank Support

Washington, September 24, 2020 (PPI-OT): Today, the World Bank’s Board of Executive Directors approved $450 million in financing to support Pakistan’s transition to renewable energy resources that reduce its reliance on fossil fuel imports and lower costs of electricity production.
The Khyber Pakhtunkhwa Hydropower and Renewable Energy Development Project will help shift the national energy mix to domestic clean Read More…

WAPDA embarks upon constructing Atta Abad Hydropower Project

Lahore, September 24, 2020 (PPI-OT): In yet another significant development towards socio-economic uplift of Gilgit Baltistan (GB), the Pakistan Water and Power Development Authority (WAPDA) has embarked upon constructing Atta Abad Lake Hydropower Project. WAPDA Chairman Lt Gen Muzammil Hussain (Retd) stated this during his visit to the proposed site of the project located on River Hunza, 20 Kilometer (Km) upstream oRead More…

PARC Kicked off Annual Wheat Planning Meeting

Islamabad, September 24, 2020 (PPI-OT): PARC has launched its two days 22-23 September, 2020 Annual Wheat Planning Meeting at NARC. Minister National Food Security and Research, Sayed Fakhar Imam was the Chief Guest of the event. Dr. Muhammad Azeem Khan, Chairman, PARC, Scientists from all over the country related to the Wheat research / extension were the participants at the opening session. It was mainly to discussRead More…

Capital Development Authority has successfully conducted balloting of plots of Park Enclave-III

Islamabad, September 24, 2020 (PPI-OT): Capital Development Authority (CDA) has successfully conducted balloting of plots of Park Enclave-III. Through balloting held on Thursday, CDA allotted 1047 plots of different categories. The balloting was conducted by experts deputed by NADRA through software specifically designed for the purpose in the presence of applicants. Special Assistant to Prime Minister Ali Nawaz AwanRead More…

IGP Punjab visited Punjab Police Officers Mess / Police Club and reviewed the completion of development works

Lahore, September 24, 2020 (PPI-OT): LAHORE: Inspector General of Police Punjab Inam Ghani said that the ongoing development work in Police Officers Mess and Police Club should be completed as soon as possible as per quality standards so that construction activities for officers and personnel could be held regularly as per schedule. He further said that Additional IG Welfare and Finance should complete the projects uRead More…

Chairman CPEC Authority calls on Chief Minister Punjab

Lahore, September 24, 2020 (PPI-OT): Chairman CPEC Authority Lt. Gen. (Retd.) Asim Saleem Bajwa called on Chief Minister Punjab Sardar Usman Buzdar at his office and discussed progress made on CPEC projects in the province. Both agreed to expedite work on CPEC projects and decided to give a priority focus to agri. research along-with the need for introducing new seeds for improving crops productivity. Talking on the Read More…

Punjab Health Minister chaired 29th Meeting of the Board of Directors of the PHF

Lahore, September 24, 2020 (PPI-OT): Punjab Health Minister Dr. Yasmin chaired the 29th meeting of the Board of Directors of the Punjab Health Foundation at the Specialized Healthcare and Medical Education Department here on Thursday. Present in the meeting were Secretary Specialized Healthcare and Medical Education Barrister Nabeel Awan, Special Secretary SHME Silwat Saeed, Managing Director Punjab Health FoundationRead More…

Pakistan Banks Association and FBR agrees to share information under income tax ordinance-2001

Islamabad, September 24, 2020 (PPI-OT):Federal Board of Revenue (FBR) and Pakistan Banks Association (PBA) have finally agreed on the implementation modalities of Section 165 and 165A of the Income Tax Ordinance, 2001.It has been agreed that banks will start providing information in respect of cash withdrawals, deposits, credit card payments and profit on debt to FBR u/s 165 and 165A of the Income Tax Ordinance, 2001Read More…