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Finance minister reviews progress of FATF action plan

ISLAMABAD: Finance Minister Asad Umar on Wednesday chaired a meeting in Islamabad to review progress of Financial Action Task Force (FATF) action plan. The meeting was attended by the executive directors from State Bank of Pakistan and Securities and Exchange Commission of Pakistan, the director general Financial Monitoring Unit, legal adviser FMU and other senior officials. The meeting was given a detailed presentation on the progress on actions taken by them towards implementation of FATF action plan. Read More:…

Politicians united on objective of developing Gwadar: senate chairman

ISLAMABAD: Chairman Senate Sadiq Sanjrani on Monday said politicians across the spectrum were united on the objective of developing Gwadar for progress of the country. "All four provinces are cooperating on the successful conduct of Gawadar exhibition in the port city later this month," he said this while talking to media in Islamabad. Leader of the House in the Senate Shibli Faraz said Gwadar port would play an important role in trade and business activities across the region. He said the successful conduct of this…

Google shows progress in addressing competition concerns, says EU’s Vestager

STRBSKE PLESO, Slovakia: Google’s proposals to increase competition in online shopping are bearing fruit, Europe’s antitrust chief said on Friday, suggesting that the company may be able to avoid further fines. Alphabet’s Google last year offered to allow price-comparison rivals to bid for advertising space at the top of a search page, giving them the chance to compete on equal terms, seeking to appease regulators after the European Commission fined it a record 2.4 billion euros ($2.8 billion) for favoring its own…

CPEC being reviewed to protect rights of all provinces: Imran

ISLAMABAD: Prime Minister Imran Khan on Saturday said the China Pakistan Economic Corridor (CPEC) was being reviewed afresh to safeguard rights of all the provinces. He said this while chairing a meeting of Balochistan provincial cabinet in Quetta He said progress of Pakistan was linked with development of Balochistan. The federal government would extend every possible cooperation to Balochistan in the financial crisis being faced by it, he added. "The federal government in collaboration with Balochistan authorities…

North Korea says resolve for denuclearisation may falter

SEOUL/TOKYO: North Korea said on Saturday its resolve to give up its nuclear programs may falter after talks with the United States in Pyongyang, contradicting Secretary of State Mike Pompeo who lauded progress made on nearly all key issues. Pompeo had a day and a half of talks in Pyongyang, seeking to hammer out details on how to dismantle North Korea’s nuclear programs, such as a timeline to denuclearisation and a plan on declaring its related facilities. But the result of the negotiations was “extremely troubling,”…

Pakistan made notable progress in boosting its economy: consul general

CHICAGO: Pakistan retail market is the third largest retail market in Asia and will cross $200 billion by 2020, Faisal Niaz Tirmizi, the country’s consul general in Chicago, told a group of faculty students at the Loyola University. He said Pakistan’s foreign investment policies are attractive, liberal and consistent. Tirmizi said that Pakistan’s geographical proximity with Afghanistan made the country more important for the United States. Pakistan, he said, was on the front line in the struggle against terrorism…

CM Murad sets deadlines for Karachi Package-II schemes

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Monday directed the local government department to expedite the work on under-construction development schemes, launched under Karachi Package-II, and set deadline for them -- most of the schemes are set for completion by May 15. This he said while presiding over a meeting regarding Karachi Package held here at the CM House. Local Government Minister Jam Khan Shoro, Chairman Planning & Development Mohammad Waseem, Principal Secretary to CM Sohail Rajput, Project…

Political stability, continuity of policies essential for country’s progress: minister

NAROWAL: Interior Minister Ahsan Iqbal on Sunday emphasized the need for political stability and continuity of policies for the country’s progress.  Addressing businessmen and journalists here, the minister said it was only a sustaining democracy that can ensure robust economic growth and development in the country. He said the country was standing at the crossroads, which warranted continuity of policies and political stability to achieve sustainable growth. Iqbal said when the PML-N came to power in 2013, the…

Global cancer survival up, but progress uneven: study

PARIS: Cancer survival is increasing across the world but large gaps endure between nations, while some cancers remain hard to treat everywhere, according to a major review released Wednesday. The progress, and the gap, are especially large for childhood cancers, according to the CONCORD-3 study covering 71 nations and 18 types of cancer, published in the medical journal The Lancet. For children with brain tumours, for example, five-year survival has improved across the board from 54 percent for the period 2000-2004,…

Enemies want to stoke anarchy to hamper country’s progress, says minister

MUSCAT: Interior Minister Ahsan Iqbal says Pakistan is being seen among the fastest growing economies of the world. Addressing an event here, the minister said overseas Pakistanis are “our asset.” Taking aim at government opponents, he said it was high time they should shun politics of anarchy and move ahead to play a role in the progress of the country. “Our enemies want to hamper the country’s progress by stoking anarchy,” Iqbal warned. He stressed the need for maintaining the current pace of development in…