Tue. Jul 7th, 2020

Saima Iqbal

Saima Iqbal is a Fellow Chartered Accountant (FCA) and covers corporate news for Truestories.pk. you can reach her through saima.iqbal@truestories.pk
In an important development, the board of Utility Stores Corporation (USC) finally assured the workers union to implement the decisions that had been taken in October, 2018 and urged them to call off the countrywide strike. The workers of Utility Stores had gone on strike on last Friday due to non-responsive behavior of the Government and the USC ... Read More
According to the recent records of IMF, Pakistan will have to further reduce its development expenditure for the year 2020 by 34 pc to Rs. 953 billion that was estimated to be Rs. 1.437 trillion before the fatal outbreak of Covid-19. The cut has to be made as a rearrangement of funds so that the $ 6 billion Extended Fund Facility (EFF) could be ... Read More
As a financial support, Pakistan urged China for a relief in payment obligations of CPEC power projects to reduce the adverse impacts Covid-19 that has badly affected the economy of Pakistan. Pakistan owes China an amount of over $ 30 billion for 12,000 megawatt power projects. One of the cabinet members shared with media that ... Read More
Since everything is locked in the country amid the Covid-19 pandemic and so are the educational institutions that have been closed since 13th March, 2020 to 31st May, 2020. Most of the institutions switched their mode of teaching from face-to-face towards online education and carried out their educational activities without any delay. ... Read More
FATF has confirmed that the decision about excluding Pakistan from its grey list would be made in the month of June, 2020 after reviewing its performance in the combat against money laundering and terror financing. The meeting is to be held in the city of Beijing (China) on June 21-26. The Global watchdog based in Paris had given Pakistan ... Read More
In an important development, The IMF has agreed to help Pakistan under its Rapid Financing Instrument (RFI) facility to defeat the impacts of Corona Virus on Pakistan’s economy. MD IMF Kristalina Georgieva confirmed that the IMF team is working closely to account for the request from Pakistan... Read More
The Supreme Court of Pakistan has permitted Air Marshall Arshad Malik to start work as the Chief executive Officer of PIA. Previously Sindh High Court had restrained him from working as Chief Executive Officer of the national flag carrier. The said decision was issued on December 23, 2019. In the hearing, a three - judges bench of Supreme Court... Read More
Finally the government has considered solving the refund issue of exporters. FBR has been directed by Dr Hafeez Shaikh , Adviser to the Prime Minister on Finance and Revenue, that a refund of approximately Rs. 15 billion should be released to the exporters within next two days. This step has been decided to solve the liquidity issues being faced ... Read More