Page 54 - Institutional Reforms News Today

What you should know The CBN official exchange rate currently stands at N379/$. Checks at the time of drafting this report revealed that the Naira rate adopted by Seplat for the payment of its final dividend is the official rate for foreign exchange spot operations in the Investors and Exporters FX Window (NAFEX). The recent exchange rate disclosed by the oil company speaks volume about the persistent fall in the value of the naira which is down by 6.34% when compared with the N385.78/$ rate t...

A sub-committee of the Economic Advisory Council (EAC) on state-owned entities (SOEs) on Friday called for expediting the process of privatisation and empowering their board of directors at the earliest. — AFP/File ISLAMABAD: A sub-committee of the Economic Advisory Council (EAC) on state-owned entities (SOEs) on Friday called for expediting the process of privatisation and empowering their board of directors at the earliest to improve their management structures. Federal Minister for Finance...

PIA to Cut Down its Workforce in Half Among Other Revival Measures Pakistan International Airlines (PIA) is ready to lay off half of its 14,000 employees, Bloomberg reported. The national carrier will replace some of its fleet and permanently close loss-making routes. Pakistan’s national carrier has 30 planes and has more employees per aircraft than most airlines. These measures are planned in a bid to turn around the loss-making entity into a profitable organization for the first time in ove...

Federal Minister for Finance and Revenue, Shaukat Tarin, presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet in

ECC approves release of RLNG subsidy for export-oriented industry   Published On The sub-committee would present a firmed-up proposal before next ECC for consideration and approval ISLAMABAD (Dunya News) – The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved Power Division regarding the releases of subsidy for the supply of 100 percent RLNG to export oriented industry for the month of March 2020. Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, presided ov...

Maurice Info Search Les membres du gouvernement pont pris note qu’il y aura un Fact Finding Committee sur les décès des patients dialysés à la New Souillac Hospital, de la signature d’un MOU entre la RDA et la Commission for Public Infrastructure, Transport and Water Resources de la Rodrigues Regional Assembly, de la création d’un Government chatbot entre autres. 1. Cabinet has agreed to the setting up of a Fact Finding Committee, chaired by Mrs Deviyanee Beesoondoyal, former Judg...

Business April 23, 2021 ISLAMABAD: Minister for Finance and Revenue Shaukat Tarin on Thursday tasked the newly-formed economic advisory council (EAC) to devise short, medium and long-term plans with respective timelines to optimise the financial and economic policies. Presiding over the first session of the EAC after its re-constitution at the finance division, Tarin formulated sub-groups and assigned areas for further deliberation and directed to firm-up proposals after seeking input from all...

ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin on Wednesday commended the measures taken by the State Bank of Pakistan (SBP) to shield small and medium businesses against insolvency and joblessness amid the Covid-19 pandemic. A press statement issued by the Finance Ministry said that Mr Tarin met SBP Governor Dr Reza Baqir who updated him on different policy initiatives taken by the central bank to support businesses amid the pandemic. The finance minister also lauded the Ros...

Governor SBP calls on Finance Minister April 21, 2021 Governor State Bank Dr. Reza Baqir called on Finance Minister Shaukat Tarin in Islamabad today (Wednesday) and updated him on different policy initiatives taken to support businesses amid Coronavirus pandemic. The Finance Minister commended the measures taken by SBP to shield small and medium businesses against insolvency and joblessness during testing times. He also lauded the ‘Roshan Digital Accounts’ initiative which facilitated non-r...

ECC withdraws customs duty on cotton yarn import   Published On ECC also approves Rs11.7b for mother & child hospitals in Punjab ISLAMABAD (Dunya News) – The Economic Coordination Committee (ECC) of the Cabinet Wednesday withdrew Customs Duty on import of cotton yarn till June 30,2021, to ensure smooth supply of the commodity to the value-added industry, while bridging the gap between domestic production and overall demand for the inputs. The summary for withdrawal of Customs Duty on import...