As Modi euphoria cools, India faces test to keep foreigners invested

Courtesy Of Dawn News Nearly two years after Narendra Modi was elected as India’s prime minister with an ambitious business-friendly agenda, the feeble pace of reforms is starting to test the patience of one of his biggest group of supporters: foreign investors. Long overshadowed by China’s spectacular rise, Modi’s powerful electoral mandate stirred hopes that…

PIA, Pakistan Steel divestment delayed beyond this fiscal year

Courtesy Of Dawn News ISLAMABAD: The transactions of state-owned entities, including Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM), under the privatisation programme have been deferred beyond this fiscal year. This impression was gathered at the end of a presentation given to media by Privatisation Commission Chairman Muhammad Zubair on Friday. The divestment of…

Ahsan Iqbal appointed UNDP’s ‘champion minister’

Courtesy Of Dawn News ISLAMABAD: Minister for Planning, Development and Reform Ahsan Iqbal has been appointed the United Nations Development Programme’s ‘champion minister’ from the Asia Pacific region in recognition of his efforts to promote the sustainable development goals (SDGs). The title was conferred on him during the UNDP’s 50th anniversary ministerial meeting at the…

Senate committee approves Future Market Bill 2016

Courtesy Of Dawn News ISLAMABAD: The Senate Standing Committee on Finance approved the Future Market Bill 2016 on Thursday with minor amendments. The committee, chaired by Senator Saleem Mandviwalla, highlighted three objections and suggested amendments to the Securities of Exchange Comm­ission of Pakistan (SECP) which were accepted after a brief discussion. The bill will now…

DRAP ‘behind increase in drug prices’

Courtesy Of Dawn News LAHORE: The Young Pharmacists Association Pakistan (YPAP) launched on Wednesday a campaign from Lahore against the Drug Regulatory Authority Pakistan (DRAP) and its chief executive officer holding them responsible for the recent increase in prices made by multinational pharmaceutical companies. YPAP office-bearers including General Secretary Dr Haroon Yousuf, Vice President Dr…