Commerce

UBL Funds awarded in Global Banking & Finance Awards 2016

ISLAMABAD (Sarzameen News) –  The UBL Fund Managers Limited (UBL Funds), one of Pakistan’s leading asset management companies, has been recognized by an award for The Most Customer-Centric Asset Manager in Pakistan by The European in its prestigious Global Banking & Finance Awards 2016. The European’s recognizes organizations that stand out from the crowd and

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Pakistan signs deal to supply 52 Super Mushshak jets to Turkey

KARACHI (Sarzameen News)- Minister for Defence Production Rana Tanveer Hussain on Wednesday said that Pakistan has signed a deal with Turkey to supply 52 Super Mushshak aircrafts. Talking to media at IDEAS 2016 in Karachi, Rana Tanveer said the deal will strengthen ties between two brotherly countries and will result in huge foreign exchange for

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Ishaq Dar directs implementation of Ease of Doing Business Reforms

ISLAMABAD (Sarzameen News) – Finance Minister Senator Mohammad Ishaq Dar on Tuesday stressed on the need for ensuring coordination between all stakeholders for implementation of Ease of Doing Business Reform Strategy 2016. In this regard, he has directed Ministry of Finance to work in close collaboration with other concerned Federal and Provincial Government agencies including

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KSA announces two-year multiple visa for Pakistani businessmen

ISLAMABAD (Sarzameen News) – The Kingdom of Saudi Arabia (KSA) on Tuesday announced to give two-year multiple visa to Pakistani businessman recommended by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). This was decided at a meeting between Saudi Ambassador to Pakistan Abdullah Marzouk Al-Zahrani and President of the FPCCI Abdul Rauf Alam.

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Petroleum Ministry issues details of fuel availability

ISLAMABAD (Sarzameen News) – The Ministry of Petroleum & Natural Resources on Monday issued the following factual position regarding the status of oil Supplies in the country. At the onset it is clarified that strategic and normal stocks are two different entities. The fuel used for armed forces is sufficiently available but details cannot be

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Govt releases around Rs19b under PSDP for current FY

ISLAMABAD (Sarzameen News)- The Government has released around nineteen billion rupees for different roads projects to National Highway Authority upto 18th of this month under Public Sector Development Programme for the current financial year. According to data released by the Planning Commission on Monday, 6.8 billion rupees have been released for 230 kilometers Lahore-Abdul Hakim

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Chinese company signs agreement to collect garbage in Karachi

KARACHI (Sarzameen News) – An agreement was signed between the Sindh government and a Chinese company on Monday for garbage disposal in Karachi. In the first phase of the agreement signed between between the Solid Waste Management (SWM) and Chinese company Wuzung, garbage will be collected in the South and East districts of the metropolis.

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US-Aid provides $155m to build 106 schools in sindh

ISLAMABAD (Sarzameen News) –  The US-AID has provided 155 million US Dollars to build 106 schools with modern facilities in Sindh. A spokesman of Sindh government on Monday told the media that in first phase a school has been established in a state- of- the- art building in Rohri to provide free quality education. He

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Rs 802.584 mln spent on maintenance of N-10 in three years

ISLAMABAD (Sarzameen News) –  National Highway Authority (NHA) has spent a total of 802.584 million on the maintenance of Makran Coastal Highway (N-10) during past three years. An official of NHA told the media on Sunday that during fiscal year 2012-13 Rs 275.511 million were spent on the maintenance of Coastal Highway out of which

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Work on Kohala Hydro Power Project in full swing

ISLAMABAD (Sarzameen News) –  The Azad Jammu and Kashmir (AJK) government which is a major beneficiary of China Pakistan Economic Corridor (CPEC) particularly in hydel power sector is planning to get its benefits. Official source told our Mirpur correspondent that Kohala Hydro Power Project is part of CPEC. The project to be completed at a

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