The International Monetary Fund (IMF) has appointed Mahir Binici as the new Resident Representative for Pakistan, replacing Esther Perez. Binici, a Turkish national with expertise in macroeconomic policies and emerging markets, will take over from Perez in December 2024. His appointment coincides with growing concerns within Pakistan about the IMF’s role in the country’s economic … Read more
The Islamabad High Court (IHC) has issued a written order regarding the petition for Dr Aafia Siddiqui’s release, noting that the Ministry of Foreign Affairs has failed to contact foreign lawyers 12 days after being instructed to do so. According to Express News, the order, written by Justice Sardar Ejaz Ishaq Khan, stated that despite … Read more
Republican presidential candidate Donald Trump speaks during a press conference at Trump Tower in New York on September 6, 2024. — AFP Delay comes after US top court ruling on ex-presidents immunity. Judge Merchan says he would rule on dismissal motion on Nov 12. Trump denies accusations of sexual harassment or assault. NEW YORK: Sentencing … Read more
ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday instructed the Ministry of Information Technology and other relevant departments to implement the e-office system in all government offices. He emphasised the importance of transitioning to a paperless work environment within the next month and warned that any delays would not be tolerated. “There should be no file … Read more
Bolan Castings Ltd. has announced a halt in its production activities due to a significant drop in customer orders and severe financial strain caused by delays in payments from its main customer. The company is a subsidiary of Millat Tractors Limited. Bolan Castings disclosed this development in a notice sent to the Pakistan Stock Exchange … Read more
Millat Tractors Limited (MTL) has announced the suspension of its production operations due to unresolved issues surrounding the Goods and Services Tax (GST) refunds. The company disclosed this development in a notice sent to the Pakistan Stock Exchange on Thursday. According to the notice, MTL highlighted that while the GST on tractors is set at … Read more
The World Bank has raised concerns over delays in the approval of contract extensions for the National Transmission Modernisation Project-1 (NTMP-1), cautioning that these delays could lead to project implementation issues and legal complications. According to a news report, the global bank emphasised that prolonged delays might result in work being conducted outside the necessary … Read more
The Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has announced that the tractor industry is on the brink of a complete shutdown due to the Federal Board of Revenue’s (FBR) prolonged withholding of GST refunds and the recent implementation of the new GST regime under Statutory Regulatory Order (SRO) 563. “This situation has … Read more