Tahir Amin

ISLAMABAD: Finance Division released the strategy for release of funds for development and recurrent budget for fiscal year 2025-26, adding that all releases shall be subject to availability of fiscal space.

ISLAMABAD: The federal government has appointed Dr Imtiaz Ahmad as economic adviser, Finance Division. A notification issued by the Establishment Division stated that, with the approval of the prime minister, Dr Imtiaz Ahmad, a BS-22 officer of Economist and Planners Group, presently posted as chief economist, Planning Development and Special Initiatives Division, is transferred and posted as economic adviser, Finance Division, by upgrading the post, personal to him, with immediate effect and until further orders.

ISLAMABAD: The Bank of Azad Jammu and Kashmir (BAJK), on Friday, signed a contract agreement with Malaysia-based global technology consortium Silverlake to implement a state-of-the-art “Core Banking System (CBS)” envisaging digital transformation, enhance efficiency, improve customer experience, and enable the rollout of innovative digital services.

ISLAMABAD: The loss-making state-owned enterprises (SOEs) incurred a combined loss of Rs343 billion during the first half of fiscal year 2025, bringing the total accumulated losses of these loss-making entities to Rs5.893 trillion—a stark indicator of deep-rooted financial inefficiencies and the urgent need for turnaround strategies.

ISLAMABAD: The World Bank has rated the implementation progress of the “Punjab Affordable Housing Program” of around $207.17 million as moderately satisfactory.

ISLAMABAD: The National Highway Authority (NHA) has formally submitted a comprehensive status report to the Prime Minister's Office, rejecting allegations of irregularities and award of the ADB-funded Central Asia Regional Economic Cooperation (CAREC) Tranche 3 project to any black listed firm.

ISLAMABAD: The Asian Development Bank (ADB), while terming high taxation on Pakistan's digital infrastructure as a major challenge, said that the analog processes of tax authorities are not user-friendly and impose a hidden compliance burden on taxpayers.

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) approved the exclusion of Strategic Plans Division (SPD) entities from the consolidated reporting requirements of the Ministry of Finance and granted them complete exemption from the State-Owned Enterprises Act and Policy of 2023, in recognition of the sensitive and security-related nature of their operations.

ISLAMABAD: The business community on Tuesday agreed to defer the nationwide strike, as a committee to be headed by Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan would present a workable solution in 30 days to the prime minister and the Cabinet to address their concerns.

ISLAMABAD: The National Assembly Standing Committee on Planning, Development and Special Initiatives, while drawing attention to the unchecked and hazardous sale of LPG in plastic bags in Khyber Pakhtunkhwa and rampant theft in Sindh, sharply criticised the Oil and Gas Regulatory Authority (Ogra) for regulatory lapses, particularly regarding the vast number of unregistered LPG tankers operating across the country.