Tuesday, July 9th, 2019
Govt has decided to provide diet food to Nawaz: Shahbaz Gill
LAHORE, , JULY 09 (DNA) – Spokesman for Punjab Chief Minister Shahbaz Gill on Tuesday said that the provincial government has decided to provide diet food to ex-prime minister Nawaz Sharif at Kot Lakhpat Jail. According to details, the spokesman said that Nawaz’s food will be prepared as per report of the doctors and experts. We banned homemade food for the ex-premier as it was unhealthy for him, he told. Shahbaz Gill said that Pakistan Muslim League-Nawaz (PML-N) leader Maryam Nawaz can go to the court if she wants butRead More
Sluggish growth likely to keep cement local sale flat in FY19 after 7 years
LAHORE, JULY 09 (DNA) – The country’s total cement sales during the concluding fiscal year of 2018-19 is expected to remain flat, closing in at around 46 million after a long time of 7 years, mainly due to slower economic growth. According to cement industry experts, total domestic sale of FY19 is expected to decline after seven years; down by 3% annually to 39.8 million tons versus 41 million tons during FY18. The primary reason for domestic sales attrition can be attributable to decline in government spending, sluggish growth inRead More
Zero-rating regime should continue till speedy refund system implementation
LAHORE, JULY 09 (DNA) – The withdrawal of zero-rating facility has created a fear among the value-added textile exporters that their refunds would start getting stuck from the current month, as the government has not put up an efficient system of refund payments in place. This was stated by the Pakistan Hosiery Manufactures & Exporters Association Chairman Adil But in a statement issued here on Tuesday. He said if facility of zero rating is done away with then FBR must develop a speedy and efficient mechanism for payment of refundsRead More
ADB allocates $2.1 billion to support Pakistan’s reform programs
ISLAMABAD, JULY 09 (DNA) – Asian Development Bank plans to provide 2.1 billion dollars out of 3.4 billion dollar funds to support Pakistan’s reform and development programs this year. This was stated by ADB Country Director Ms. Xiaohong Yang while addressing a function titled ‘Consultation Pakistan: Country Partnership Strategy 2020-2024?. She said that the ADB stood ready to assist Pakistan achieve higher, sustained and inclusive growth. Ms. Xiaohong Yang said we are open for new ideas and adopt innovative approaches to fast track, scale-up and deepen our assistance in priorityRead More
IMF Mission Chief to Pakistan says Pakistan’s economy is at critical juncture
WASHINGTON, JUL 09 (DNA) – Pakistan’s economy is at a critical juncture, IMF Mission Chief to Pakistan Ernesto Ramirez-Rigo said in Washington, D.C. In a staff report on the program to Pakistan the IMF noted that misaligned economic policies, including large fiscal deficits, loose monetary policy, and defense of an overvalued exchange rate, fueled consumption and short-term growth in recent years, but steadily eroded macroeconomic buffers, increased external and public debt, and depleted international reserves. “The objective of the program is to basically achieve sustainability to accelerate growth to reduceRead More
Dr Firdous shifted to hospital after adverse drug reaction
ISLAMABAD (DNA) – Adviser to the Prime Minister (PM) on Information Firdous Ashiq Awan has been shifted to PIMS Hospital in Islamabad when her health deteriorated during a meeting of the federal cabinet on Tuesday. According to doctors, she will be kept under treatment for 24 hours as she suffered adverse drug reaction when she took an antibiotic medicine for throat pain.