Islamabad

PC sells five govt properties for Rs156.4 million

ISLAMABAD: The Privatisation Commission on Monday auctioned five government properties for Rs156.45 million, as against the initial target of Rs140.525 million. The auctioned properties include two penthouses in Islamabad Country Club as well as two apartments — one in Centaurus Mall and the other in PHA apartments.  But maximum interest was witnessed in the land sold at Pir Sohawa, with bidders ...

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Chinese black-listed firm likely to win development bid for Dhabeji SEZ: sources

ISLAMABAD: While the Sindh government inches closer to finalising the bidding process for the development of Dhabeji Special Economic Zone (SEZ) under the China Pakistan Economic Corridor (CPEC), sources suggest that a blacklisted Chinese firm is likely to win the bid. According to the sources only two companies have been shortlisted for the project while normally at least three companies ...

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ECC okays import of 200,000 tonnes of wheat

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Friday directed the Trading Corporation of Pakistan (TCP) to move swiftly to import 200,000 tonnes of wheat and decided to reduce sales tax and duties on import of sugar to control rising prices in the country. Official sources, who attended the meeting, told Dawn that the government appeared to be facing challenges ...

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NPMC asks MoFSR to consult provincial govts, remain wary of wheat/flour, sugar prices

ISLAMABAD – The National Price Monitoring Committee (NPMC) has asked the Ministry of National Food Security & Research (MoFSR) to consult the provincial governments and remain vigilant to control the wheat/flour and sugar prices, and take immediate necessary measures to ensure provision of these items at affordable prices. The NPMC meeting chaired by the Secretary Finance on Friday called for ...

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Technical bids opened for two sub-sectors’ development in Islamabad

ISLAMABAD: After 31 years, the Capital Development Authority (CDA) has opened technical bids of construction firms to award contracts for the development of two-sub sectors of E-12. The sector was launched in 1989 when the CDA sold out over 4,000 plots to government officials and general public. However, so far the development of the sector could not see light of ...

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CAA to be split into two regulators

ISLAMABAD: The federal government is likely to constitute two regulatory bodies to segregate regulatory and operational functions of Civil Aviation Authority (CAA) meant to outsource operations of country’s major airports, well informed sources told Business Recorder. This plan was finalized by a committee headed by Prime Minister Advisor on Commerce and Investment, Abdul Razak Dawood, Minister for Aviation, Adviser to the ...

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PTI govt withdraws controversial amendments to companies law

People entering into plea bargain cannot be appointed on BoDs ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government has finally withdrawn controversial amendments that had quietly been introduced in the companies law to allow corrupt people being appointed on the boards and also facilitated to keep offshore assets hidden. On July 7th, President Arif Alvi promulgated the Companies (Second Amendment) Ordinance 2020 ...

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Qasr-e-Naz, Chamba House likely to be leased out

ISLAMABAD: The government is likely to lease out Qasr-e-Naz Karachi and Chamba House, Lahore for thirty years,… ISLAMABAD: The government is likely to lease out Qasr-e-Naz Karachi and Chamba House, Lahore for thirty years, sources in Ministry of Housing and Works told Business Recorder. As per the guidance of the government, different properties across the country are being identified to generate ...

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Pakistani scholars among winners of Facebook’s Ethics in AI Research awards

ISLAMABAD:  Pakistan’s Junaid Qadir, Professor at the Information Technology University (ITU) of the Punjab, along with co-investigator Amana Raquib, Assistant Professor at the Institute of Business Administration (IBA), Karachi were announced  winners of the Ethics in AI Research Initiative for the Asia Pacific, by Facebook. The duo was among winners from nine different countries. The AI initiative aims to help ...

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CDA calls bids for Korang Bridge expansion

ISLAMABAD: The Capital Development Authority (CDA) has called bids for the expansion of Korang Bridge on the Islamabad Expressway in order to address a major traffic bottleneck on this road. Through tenders, the CDA has asked all registered firms to submit bids for the expansion of Korang Bridge. CDA officials said that bids will soon be called for the construction ...

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