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SHC orders DG NAB to report on NICVD mega corruption scandal
KARACHI: The division bench of Sindh High Court comprising Chief Justice and Justice Yousuf Ali Sayeed has ordered the Director General NAB Sindh to submit an inquiry report on the Mega corruption scandal in NICVD on or before the next date of hearin...
Why Pakistan losing Afghan investment?
KARACHI: Pakistan's exports to Afghanistan in September amounted to about $80 million. Imports from there amounted to $125 million. The total bilateral trade in September 2021 stood at around $1.83 billion. Pakistan exported goods worth about $859 mi...
Don’t run after IMF, WB, announce amnesty for dollar collection within country: Hyatt Maggo
KARACHI: “Whenever I visited the officials from the State Bank, they behaved just like officers of the World Bank or the IMF; which is bad thinking. We need officials of a Pakistani mindset to give relief to people. There are two aspects; one i...
Automobile assemblers’ busy in black-mailing consumers, govt
KARACHI: Pak Suzuki extended its plant shutdown from Jan 9-13 due to a continued shortage of imported parts and accessories. From August 2022 to date, PSMCL had kept its production activities closed for 30 days due to the State Bank of Pakistan&rsquo...
NEPRA catches K-Electric red-handed, fleecing consumer
KARACHI: The management of K-Electric Limited has been caught red-handed while fleecing one of its consumers and directed by NEPRA to refund an amount of Rs 20,296/- that was charged unjustified, and asked to submit a report within 20 days positively...
‘LHC orders DG FIA, CEO PIA to report reasons for freezing PIA employees bank accounts’
KARACHI: The Lahore High Court Judge Tariq Saleem Sheikh has ordered the Director FIA Punjab-I Zone and the CEO, of PIA to file a report and parawise comments on the petition filed by Captain Kashan Aijaz Dodhy against DG FIA & others on the ille...
FPCCI Agenda for Charter of Economy demands trade in local currencies
KARACHI: The Govt. of Pakistan must divert its trade into Pak rupees instead of US dollars. Turkey and Iran are already doing trade in local currencies and their volume has crossed the 10 billion dollar mark per annum why should we not adopt this sys...
‘Local banks creating hurdles in Transit trade of Pakistan’
KARACHI: It may be recalled that in September 2021, the first consignment of the National Logistic Cell (NLC) left Pakistan for Turkiye and Azerbaijan through Iran. The NLC had started its operations under the TIR Convention; it was the second operat...
‘PIA management plays havoc with national exchequer’
KARACHI: The PIA management on one hand has illegally handed over a list of hundreds of employees targeted under its so-called fake degree scandal who were already removed from service; to the FIA and the FIA has ceased their personal bank accounts w...
SHC issues notices against Chairman, DG NAB regarding mega corruption in NICVD
KARACHI: Sindh High Court (SHC) has issued notices for January 18 against Chairman and Director General National Accountability Bureau and Chief Secretary Sindh against constitutional petition filed by Dr. Tariq Ahmed Shaikh. NAB officials are requir...
