Tag: Worth

Pakistan signs MoUs worth $1.3 billion with UAE

DUBAI: Ten agreements worth $1.3 billion were signed between Punjab Board of Investment and Trade (PBIT) and Dubai-based international companies in the day-long Pakistan Investment Conference (PIC) in Dubai.
The Pakistan delegation, led by Punjab Chief Minister Shahbaz Sharif, signed MoUs and letters of intent in fields such as IT, dairy products, agriculture, livestock and others. "Pakistan and Dubai are located in the same region and many Pakistani investors consider UAE their

LDA cancels tenders worth Rs 100m after corruption scams surface

LAHORE: The Lahore Development Authority (LDA) has cancelled the tenders of various development projects worth Rs 100 million awarded to private firms after reports of massive corruption and receiving kickbacks in the pre-qualification process and other procedural requirements laid down in the LDA Act surfaced, Pakistan Today has learnt.
The decision was taken after the CM Secretariat took notice of the violations in the tendering criterion.
CM Secretariat officials told

Hepatitis vaccines worth Rs 1bn stolen from NIH?

ISLAMABAD: The Senate Standing Committee on Health was stunned to hear on Friday that hepatitis vaccines worth Rs 1 billion have been stolen from the National Institute of Health (NIH) and the case has been forwarded to the Federal Investigation Agency (FIA) for inquiry.
Committee chairwoman Kalsoom Parveen expressed doubts whether the vaccines had even been bought in the first place, saying that perhaps the purchase was only shown on papers. She said that 17 official vehicles of

Warraich charged with corruption worth Rs 1.68m

LAHORE: A local judicial magistrate on Monday handed over ex-Minister of the State for Defense Habib Ullah Warriach to Federal Investigation Agency (FIA) on physical remand til November 5.
Earlier FIA authorities produced the accused before magistrate to seek a 15 day physical remand to continue the investigation. The magistrate however extended the remand by four days.
Federal Investigation Agency (FIA) had arrested Ex-Minister of State for Defense Major (retd.) Habib Ullah

Relief goods worth billions rotting away in PIA warehouses

KARACHI: Goods worth Rs 3.5 billion, sent to Pakistan by friendly countries for the assistance of the millions of displaced flood survivors, are rotting away in the import section warehouses of the Pakistan International Airlines (PIA), Pakistan Today has learnt.
"These goods include food and medicines from friendly nations, which wanted to show their goodwill towards Pakistan at its time of need," a source privy to the matter said. "The weather has destroyed much of the goods,