ISLAMABAD: The government has secured relaxation in parliamentary oversight and reporting of its budgetary exercise and has tightened cash flow mechanisms of all the federal entities and ministries. This has been achieved by amending the Public Finance Management Act 2019 through the Finance Act 2020, followed by notification of Cash Management and Treasury Single Account […]
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WASHINGTON: Microsoft Corp is chasing a deal to buy all of TikTok’s global business, the Financial Times reported on Thursday, citing five people with knowledge of the talks. However, a source familiar with the discussions told Reuters that Microsoft had not raised the prospect of buying all of TikTok in its negotiations with ByteDance. Microsoft had said it was […]
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ISLAMABAD: Railways Minister Sheikh Rashid Ahmed on Thursday said the Main Line-I (ML-I) project is the biggest Pakistan Railways project since 1861, adding it will improve the railway system and prevent accidents. “After completing the track from Karachi to Peshawar, we will open the track to private investors so they can run their trains while […]
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ISLAMABAD: The National Tariff Policy Board on Thursday decided to rationalise tariff structure on the textile sector, particularly on raw materials. An official statement said that during the board meeting chaired by Commerce Adviser Razak Dawood, it was decided that the Tariff Policy Centre (TPC) would conduct a detailed study on the tariff structure of […]
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RAWALPINDI: The Aviation Division has announced that the domestic flight operation, already under way from some of the airports for some time, will be resorted from all airports in the country from August 6 midnight. A spokesman for the Aviation Division’s senior joint secretary, Abdul Sattar Khokhar, said the government had earlier allowed all airports, […]
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RAWALPINDI: Police confirmed on Thursday that they registered a complaint against a group of men accused of filming a teenage girl on a road in Rawalpindi after stripping off her clothes, posting the video clip online, and allegedly gang-raping her. Authorities in Rawalpindi said a first information report (FIR) had been registered against “intoxicated young […]
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KARACHI: Work on Shanghai Electric’s Thar Coal Block-1 Project, a priority implementation project of the China-Pakistan Economic Corridor (CPEC), is expected to speed up following the arrival of a batch of 500 Chinese engineers and managers. The Chinese personnel arrived on a special chartered flight that took off from Shanghai’s Pudong International Airport on Tuesday […]
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KARACHI: The torrential rainstorm that lashed the metropolis throughout Thursday left at least one person dead, wiped out power from numerous localities, and flooded multiple thoroughfares. According to rescue sources, a man died of electrocution while working inside a house near Johar Morr in Karachi’s Gulistan-e-Johar area. The heavy rains blanketed the city in darkness […]
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Federal Minister for Planning, Development and Special Initiatives Asad Umar announced on Thursday that restrictions on the hospitality and recreational sectors, put in place nearly five months ago to curb the spread of the coronavirus, would be lifted from August 10 (Monday). “Restaurants and cafes, outdoor and indoor, will be allowed to open from Monday, […]
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RAWALPINDI: Pakistan International Airlines (PIA) will partially resume its flights to the United Kingdom from Aug 14 with a hired plane. PIA spokesman Abdullah Hafeez said on Wednesday that an agreement had been signed between Portugal’s airline and the national carrier. He said the PIA would operate flights with an Airbus A330, having a seating […]
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