PESHAWAR: The last Khyber Pakhtunkhwa Assembly spent Rs42.941 million on the foreign tours of its members and employees, and the payment of travelling and dearness allowances to them in 2017-18 in violation of the rules and regulations, claim the auditors. The auditors also pointed out the losses of Rs12.45 million on account of the use of electricity and those of …

ISLAMABAD: Pakistan appears to be facing difficulties in providing technical, financial and expert support to the transition government in Afghanistan in the absence of the regime’s international recognition despite emerging challenges like food crisis in the war-torn country. At a meeting presided over by Minister for Economic Affairs Omar Ayub Khan on Tuesday, key stakeholders considered various options to support …

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ISLAMABAD: While Pakistan Medical Commission (PMC) has been facing criticism over the award of a contract to hold the Medical and Dental Colleges Admission Test (MDCAT), the National Accountability Bureau (NAB) has directed it to provide all the details and documents related to the contract. According to a NAB document available with, the bureau has been conducting a complaint verification …

LAHORE: The national selectors are faced with a conundrum. Some players picked for the Pakistan’s Twenty20 World Cup next month are not finding form at the National T20 Cup. But those who are being tipped to replace them in the UAE-bound squad haven’t been performing either. The National T20 Cup, underway in Rawalpindi, had assumed greater importance in terms of …

ISLAMABAD: The Economic Adviser’s Wing of the Finance Ministry has warned that higher international commodity prices, particularly those of food and energy, could increase inflation and has called for structural policies to improve functioning of markets to ease inflationary pressures. “The risks that could raise inflation include higher trend in global commodity prices, especially food and energy items,” said the …

LAHORE: The Water and Power Development Authority (Wapda) has postponed its plan of floating another green Eurobond to raise $500 million by March next year keeping in view various internal and external factors causing increase in interest rates. The authority now plans to launch the bond in next fiscal year (2022-23) subject to suitability of the situation, Dawn has learnt. “The local …

Skype has some significant changes in the works. It offered a peek at what’s coming later this year, with a focus on speed, reliability and design, as well as other performance upgrades.  Microsoft announced the addition of the latest features to Skype via a blog post on September 27. The company said that the new plans bring an “improved, faster, reliable, and super modern-looking Skype.” The most …

China on Wednesday revealed a drone concept similar in mission – and appearance – to the US-made Kratos XQ-58A Valkyrie as countries race to invest in “loyal wingman” drones to help protect pricier crewed fighter jets. The long-range FH-97 drone concept unveiled on Wednesday can carry different types of weapons, and has swarm and electronic warfare capabilities, said Wu Wei, …

KARACHI: Before announcement of the expected hike in interest rate by the State Bank of Pakistan (SBP), the private sector geared up its borrowing from banks and changed the entire landscape within a couple of weeks by borrowing Rs172 billion during the period. Bankers said it seemed that the private sector had been chasing the annual economic growth target faster …