BD to hold referendum on ‘July Charter’

. Bangladesh’s army personnel stand guard at the International Crimes Tribunals premises in Dhaka. Bangladeshi judges will issue the hugely anticipated verdict in the crimes against humanity trial of fugitive former prime minister Sheikh Hasina on November 17, the chief prosecutor said. Photo: AFP DHAKA: Bangladesh will hold a national referendum on implementing its ‘July … Read more

PSX jumps 2,474 points on political stability

[ Foreign funds would divert their liquidity into buying Pakistan’s stocks. This would merely increases prices of shares and be profitable for those who already hold stocks. PHOTO: FILE KARACHI: The Pakistan Stock Exchange (PSX) extended gains on Thursday, when the benchmark KSE-100 index surged 2,474 points, or 1.56%, as the passage of 27th Constitutional … Read more

Maple Leaf likely to acquire Pioneer Cement

[ . KARACHI: Maple Leaf Cement Factory (MLCF), in a notice to the Pakistan Stock Exchange, has announced the possible acquisition of Pioneer Cement, which will significantly enhance MLCF’s production capacity from eight million to over 13 million tons. At present, MLCF, together with Maple Leaf Capital, holds 18.6% shareholding in Pioneer Cement. The Habibullah … Read more

PSDP funds denied for power loans

[ PM releases funds amounting to Rs21.44b, remaining to be paid by October. PHOTO: FILE ISLAMABAD: The Finance Division has refused to allocate funds under the Public Sector Development Programme (PSDP) in the ongoing fiscal year for reduction in loans of the power sector. During discussions in a recent meeting of the Economic Coordination Committee … Read more

New body to identify sites for deep-sea ports

Minister envisions three new ports equipped with modern cargo facilities, digital systems ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has constituted a high-level, multi-agency committee to identify potential sites for establishing new deep-sea ports along Pakistan’s extensive coastline, a move aimed at preparing the country for the next century of maritime expansion … Read more

Poverty reduction stalls despite growth

[ Fiscal, labour, social reforms can stop Pakistan sliding back into poverty trap after 20 years of progress, say expert Pakistan would soon move to a path of poverty reduction and improvement in other socio-economic indices, Dar says. PHOTO: REUTERS KARACHI: Pakistan’s progress in poverty reduction has stalled after nearly two decades of steady gains, … Read more