Friday, January 15th, 2021
Pak needs 6-7% annual economic growth to reduce poverty, unemployment
KARACHI, JAN 15 (DNA) – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) ex-president and Businessmen Panel Chairman Mian Anjum Nisar has expressed the hope that the positive growth in large-scale manufacturing (LSM) will help achieve the annual economic growth target, besides creating jobs if the trend continues in coming months. Mian Anjum Nisar was addressing a meeting held to discuss the trade and industry’s problems and their solutions. The meeting was also attended by the Businessmen Panel leadership, including FPCCI President Nasir Hayat Magun, FPCCI senior viceRead More
Pakistan, China Universities to build Center of Excellence in Mineral Resources
BEIJING, Jan. 15 : The Center of Excellence in Mineral Resources Engineering is going to be jointly built by China University of Mining and Technology (CUMT) and Pakistan-Austria Fachhochschule: Institute of Applied Sciences & Technology (PAF-IAST). In this connection, the two universities held an online agreement signing ceremony, China Economic Net (CEN) reported on Friday. “The signing of this agreement is not only the first major international event of CUMT in 2021, but also a tribute to the 70th anniversary of the establishment of China-Pakistan diplomatic relations. We believe the CenterRead More
HBL Beijing branch to open next month
BEIJING, Jan. 15 : The Habib Bank Limited (HBL) Beijing branch is expected to commence its operation and offer a full range of products and services next month, an official of the branch told China Economic Net (CEN). Its head office will allocate to the Beijing Branch in a freely convertible currency equivalent to RMB 300 million, in which the foreign exchange working capital is no less than convertible currencies on a par with RMB 200 million, according to an approval released by the Beijing Office of China Banking andRead More
Special pay scale case: SC orders action against NBP board officers
ISLAMABAD : The Supreme Court (SC) has dismissed the petition of the National Bank of Pakistan (NBP) in special pay scale case besides ordering action against board officers for granting permission to it. The top court upheld the verdict of the Peshawar High Court (PHC) in special pay scale case which stated providing perks to non-MTO employees of NBP equivalent to the MTO workers. A two-member bench headed by Chief Justice of Pakistan Justice Gulzar Ahmed heard the case related to the approval of special pay scale to NBP employees.Read More
Differences between Ehsan Mani and Wasim Khan intensified
Lahore : The differences between Chairman Pakistan Cricket Board (PCB) Ehsan Mani and Chief Executive Officer (CEO) Wasim Khan have been intensified. According to sources, Wasim Khan is not willing to work without authority as the chairman has the right to make all kinds of decisions. Sources further revealed that due to disagreements between the two powerful figures of PCB, progress on the grass-root level is not being done while the cricket clubs are also suffering due to the non-functioning of grassroots cricket. Source added that the media criticizes WasimRead More
Terrorism De-Shapes MENA
Dr. Mehmood Ul Hassan Khan Conflicting geopolitical and geostrategic realities have been haunting deserts and plains of the countries of Middle East and North Africa (MENA) due to which unfortunately, humanity remained at the receiving end. MENA has been easy “prey” of complex and complicated proxies due to which its socio-economic prosperity, greater regional integration and sustainable development undermined. Caravans of “non-state” actors have been on the horses of social, ethnic and political marginalization and economic malaise for the last so many years. Now sanity seems to be prevailed andRead More