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Sheikh Rashid stands firm on September 30 deadline, predicts end of coalition govt | The Express Tribune

Former interior minister and Awami Muslim League (AML) chief Sheikh Rashid Ahmed has reiterated his stance on the September 30 deadline, stating that the nation will soon know whether a “charter of democracy” is being formed or whether it’s “the death of democracy.” Last month, Sheikh Rashid had predicted that a technocrat government will take […]

HCSTSI criticises govt inaction on IPP contracts | The Express Tribune

KARACHI: The President of the Hyderabad Chamber of Small Traders and Small Industry (HCSTSI), Muhammad Farooq Shaikhani, has expressed deep concern over the government’s negligence in renegotiating contracts with Independent Power Producers (IPPs). Despite repeated protests and demands, the government has failed to either cancel or reschedule these contracts, which has severely impacted the business […]

Govt withdraws Rs250 million infrastructure grant | The Express Tribune

ISLAMABAD: The federal government on Wednesday withdrew its decision to give a quarter of a billion rupees to a private foundation for an infrastructure project, which it had earlier allocated in a non-transparent manner while using the inflation-bitten taxpayers’ money. The government had allocated funds for The Noorani Foundation (TNF) without setting any criteria and […]

Govt accepts IMF bar on new SEZs | The Express Tribune

ISLAMABAD: In a major development, Pakistan has accepted the International Monetary Fund (IMF) condition that it will not establish any new special economic or export processing zone and tax incentives already availed by the existing zones will not be extended after expiry. The IMF’s condition under the $7 billion Extended Fund Facility (EFF), which is […]