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Print - 2018-02-24
Thai businessman buys Oxford United football club

Thai businessman buys Oxford United football club

League One side Oxford United have announced that Thai businessman Sumrith "Tiger" Thanakarnjanasuth is their new majority shareholder and chairman, becoming the latest foreign owner of an English football club. Outgoing chairman Darryl Eales said his amb
Published 24 Feb, 2018 12:00am
US Tennis Association 'mostly liable' in Bouchard fall

US Tennis Association 'mostly liable' in Bouchard fall

The US Tennis Association was found "mostly liable" by a New York jury on Friday for Canadian tennis star Eugenie Bouchard's locker room fall at the 2015 US Open, US media reported. The jury in federal court in Brooklyn, where Bouchard sued the body that
Published 24 Feb, 2018 12:00am
Fresh Russian doping case overshadows Zagitova magic

Fresh Russian doping case overshadows Zagitova magic

A fresh Russian doping case overshadowed the team's first gold medal at the Pyeongchang Winter Games on Friday and could lower the country's chances of an earlly return to the Olympic fold Russia's bobsleigh federation said female pilot Nadezhda Sergeyeva
Published 24 Feb, 2018 12:00am
Turkey raps Dutch diplomat over Armenian 'genocide' vote

Turkey raps Dutch diplomat over Armenian 'genocide' vote

Turkey on Friday summoned the Dutch charge d'affaires to condemn the vote by lawmakers in the Netherlands to recognise as "genocide" the massacre of Armenians under the Ottoman Empire. The Dutch diplomat was called to the foreign ministry in Ankara, which
Published 24 Feb, 2018 12:00am
EU doubles Sahel force funding

EU doubles Sahel force funding

European leaders on Friday doubled their funding for a force tackling jihadists in the Sahel, but African leaders warned the money must come quickly if it is to be effective. The European Union announced an extra 50 million euros ($61 million) for the G5
Published 24 Feb, 2018 12:00am
Australia's scandal-hit deputy Prime Minister quits

Australia's scandal-hit deputy Prime Minister quits

Australia's scandal-hit deputy leader Barnaby Joyce announced Friday he was quitting and moving to the backbench amid claims of sexual harassment and controversy over an affair with a now-pregnant former aide. Joyce, whose National Party rules alongside P
Published 24 Feb, 2018 12:00am
May to set out Brexit plan next Friday after Cabinet agreement

May to set out Brexit plan next Friday after Cabinet agreement

Prime Minister Theresa May will make a speech next Friday on Britain's relationship with the EU following Brexit after her cabinet agreed a plan at a marathon meeting, her spokesman said. One minister who was not present said they had agreed Britain would
Published 24 Feb, 2018 12:00am
Two injured in Louisiana university shooting

Two injured in Louisiana university shooting

Two people were injured in a shooting early Friday at Southeastern Louisiana University, the university said, nine days after a massacre at a Florida high school sparked a national uproar over US gun violence. "University Police confirmed incident occurre
Published 24 Feb, 2018 12:00am
Two car bombings strike Mogadishu

Two car bombings strike Mogadishu

At least 18 people were killed and 20 wounded on Friday when two car bombs exploded in the Somali capital of Mogadishu, the city's main ambulance service said. Jihadist rebels claimed the attack.
Published 24 Feb, 2018 12:00am
US Treasury chief says Russia sanctions to come within weeks

US Treasury chief says Russia sanctions to come within weeks

US Treasury Secretary Steven Mnuchin on Friday previewed a fresh wave of sanctions against Russia, which he said could come within weeks. "I don't want to leave here without emphasizing - you haven't asked me yet - we are working on Russia sanctions," Mnu
Published 24 Feb, 2018 12:00am
Turkey gives life sentences to 2013 car bomb suspect

Turkey gives life sentences to 2013 car bomb suspect

An Ankara court on Friday handed down multiple life sentences to the convicted mastermind of a 2013 attack in Turkey near the Syrian border which killed 53 people, state media reported. Turkey blamed the twin car bombings on May 11, 2013, in the southern
Published 24 Feb, 2018 12:00am
Turkey sentences three academics for terror propaganda

Turkey sentences three academics for terror propaganda

An Istanbul court on Friday gave suspended jail sentences to three academics for "terror propaganda" after they signed a 2016 petition criticising a military crackdown in the Kurdish-dominated southeast, local media reported. Over 1,200 academics from 90
Published 24 Feb, 2018 12:00am
Philippines summons US envoy over Duterte 'threat' report

Philippines summons US envoy over Duterte 'threat' report

The Philippine government summoned the US ambassador over an American intelligence report that listed President Rodrigo Duterte and his deadly war on drugs as a "regional threat", Manila said Friday. US envoy Sung Kim met Duterte's chief aide on Thursday
Published 24 Feb, 2018 12:00am
Maldives warns India against interfering as ties fray

Maldives warns India against interfering as ties fray

The Maldives has warned India against interfering in its political crisis, deepening a rift with the country once seen as its closest ally. New Delhi has expressed concern about the situation in the honeymoon islands, whose president has sacked top judges
Published 24 Feb, 2018 12:00am
BMW admits diesel emissions manipulation

BMW admits diesel emissions manipulation

German high-end carmaker BMW has admitted to authorities that it built software that misleads regulatory emissions tests into some models, potentially staining the auto giant's clean image, Der Spiegel magazine reported Friday. BMW "admitted to the (vehic
Published 24 Feb, 2018 12:00am
Strikes pound Syria's Eastern Ghouta as world fumbles for response

Strikes pound Syria's Eastern Ghouta as world fumbles for response

Syrian regime air strikes and artillery fire hit the rebel-held enclave of Eastern Ghouta for a sixth straight day Friday killing 38 civilians, as the world struggled to reach a deal to stop the carnage. More than 460 civilians, including over 100 childre
Published 24 Feb, 2018 12:00am
Malaysian palm oil climbs
Exchange

Malaysian palm oil climbs

Malaysian palm oil futures rose over 1 percent on Friday evening, rising to a two week high, backed by gains in related edible oils such as soyaoil on the US Chicago Board of Trade, and as export demand remains firm. The benchmark palm oil contract for Ma
Published 24 Feb, 2018 12:00am
Shanghai copper rises
Exchange

Shanghai copper rises

Shanghai Futures Exchange copper was up by 1.4 percent at 53,530 yuan ($8,434) a tonne on Friday while SHFE nickel rallied nearly 2 percent amid volatile trade as the dollar gained steam this week on rising expectations of US interest rate hikes, but pros
Published 24 Feb, 2018 12:00am
Copper, zinc and other base metals slip
Exchange

Copper, zinc and other base metals slip

Copper, zinc and other base metals prices fell on Friday as investors locked in profits and the dollar firmed amid uncertainty over demand in top metals consumer China. Benchmark copper gained about 8 percent earlier this month in a rally that lifted the
Published 24 Feb, 2018 12:00am
Oil climbs as Libyan outage, Saudi comments support

Oil climbs as Libyan outage, Saudi comments support

Oil prices rose on Friday, supported by a dip in Libyan production and upbeat comments from Saudi Arabia that an Opec-led effort to cut stockpiles is working. Crude prices were supported by the shutdown of the El Feel oilfield in Libya, which produces 70,
Published 24 Feb, 2018 12:00am
Rubber up
Exchange

Rubber up

Benchmark Tokyo rubber futures rose on Friday, supported by sharp gains in Shanghai futures, brokers said. The new benchmark Tokyo Commodity Exchange rubber contract for August delivery debuted at 187.1 yen ($1.75) on Friday morning and finished 1.5 yen h
Published 24 Feb, 2018 12:00am
Gold slips in Asia

Gold slips in Asia

Gold prices slipped on Friday and were headed for their sharpest weekly drop in 2-1/2 months as the dollar strengthened during the week. Spot gold was down 0.4 percent at $1,326.65 an ounce as of 0741 GMT, heading for a fifth session of fall in six. It ha
Published 24 Feb, 2018 12:00am
Gold down in Europe
Currency

Gold down in Europe

Gold eased on Friday, heading towards its biggest weekly decline in 2-1/2 months, as the dollar climbed from last week's three-year low on the back of higher Treasury yields. The precious metal has come under heavy pressure this week from a recovery in th
Published 24 Feb, 2018 12:00am
US MIDDAY: gold eases

US MIDDAY: gold eases

Gold eased on Friday, heading towards its biggest weekly decline in 2-1/2 months, as the US dollar climbed from last week's three-year low on the back of higher US Treasury yields. Bullion has come under heavy pressure this week from a recovery in the gre
Published 24 Feb, 2018 12:00am
Danish envoy briefed on power sector opportunities
Exchange

Danish envoy briefed on power sector opportunities

Danish Ambassador to Pakistan Rolf Holmboe on Friday called on the Federal Minister for Power Division, Sardar Awais Ahmed Khan Leghari and discussed matters related to cooperation in the field of energy. The minister apprised the ambassador regarding the
Published 24 Feb, 2018 12:00am
Lawmakers get stay order against cancellation of arms licences

Lawmakers get stay order against cancellation of arms licences

The Sindh High Court (SHC) on Friday sought comments from ministry of interior, home secretary and others on a petition of lawmakers challenging the federal government's notification that suspended all prohibited bore arms licenses. MNA Mir Shabbir Ali Bi
Published 24 Feb, 2018 12:00am
Romanian envoy, NSA discuss regional security situation

Romanian envoy, NSA discuss regional security situation

Ambassador of Romania Nicolaie Goia called on National Security Adviser Lieutenant-General Nasser Khan Janjua (retd) on Friday. During the meeting, both the discussed issues related to promotion of bilateral relations, matters pertaining to regional secur
Published 24 Feb, 2018 12:00am
KMC to fill vacant posts soon, says mayor

KMC to fill vacant posts soon, says mayor

Mayor Karachi Waseem Akhtar on Friday said that the vacant posts in Karachi Metropolitan Corporation (KMC) would soon be filled as summary in this regard has been forwarded to the Chief Minister Sindhi for approval. Talking to media after the passing out
Published 24 Feb, 2018 12:00am
BoI launches project to attract local & foreign investment
Exchange

BoI launches project to attract local & foreign investment

The Board of Investment with the support of the United Kingdom government's Prosperity Fund launched a project in partnership with International Finance Corporation and World Bank to revive Pakistan's global appeal as an attractive location for both local
Published 24 Feb, 2018 12:00am
NAB approves plea bargain petition of Sohail Majeed

NAB approves plea bargain petition of Sohail Majeed

National Accountability Bureau (NAB) on Friday approved plea bargain petition of contractor Sohail Majeed in mega corruption case. The accused during investigation confessed to his alleged involvement in embezzlement of Rs 96 million.
Published 24 Feb, 2018 12:00am
Production of corn seeds: Pakistan to achieve self-sufficiency
Exchange

Production of corn seeds: Pakistan to achieve self-sufficiency

In a major boost to food security of the country, Pakistan is poised to become self-sufficient in production of corn hybrid seeds. The local seed companies have developed high yielding corn varieties while the local scientists of national companies associ
Published 24 Feb, 2018 12:00am
Minister for anti-dengue steps

Minister for anti-dengue steps

Punjab Minister for Specialized Healthcare & Medical Education (SH&ME) Khawaja Salman Rafique has said that with the change of weather and surge in temperature, the dengue season of 2018 has began, therefore, all the departments should start anti-dengue m
Published 24 Feb, 2018 12:00am
EFP Lahore office inaugurated

EFP Lahore office inaugurated

"After nearly 68 years, the first office of Employers Federation of Pakistan is being inaugurated in Lahore. This office will cater to the requirements of EFP members of Punjab, Islamabad and KPK". This was stated by Majyd Aziz, President Employers Federa
Published 24 Feb, 2018 12:00am
LCCI slams misuse of FBR's discretionary powers

LCCI slams misuse of FBR's discretionary powers

The Lahore Chamber of Commerce and Industry has expressed grave concern over new wave of raids on business premises by the Federal Board of Revenue (FBR) staff despite clear instructions of the Lahore High Court. LCCI President Malik Tahir Javaid in a sta
Published 24 Feb, 2018 12:00am
'All provinces to equally benefit from CPEC-related projects'

'All provinces to equally benefit from CPEC-related projects'

Punjab Chief Minister Shahbaz Sharif in a meeting with the Federal Interior Minister Ahsan Iqbal, here Friday, said the people of all the provinces including Gilgit-Baltistan and Azad Kashmir will equally benefit from the CPEC related projects. During the
Published 24 Feb, 2018 12:00am
Tevta to helpprovide jobs to 1800 in Dubai: chairman

Tevta to helpprovide jobs to 1800 in Dubai: chairman

Chairman Technical Education and Vocational Training Authority (TEVTA) Irfan Qaiser Sheikh has said that TEVTA has decided to provide jobs in Dubai to its 1800 pass outs on 2800 dirham per month. Addressing the meeting of TEVTA's Core Committee here on Fr
Published 24 Feb, 2018 12:00am
LDA ex-DG: government will submit resolution against NAB: Rana

LDA ex-DG: government will submit resolution against NAB: Rana

Punjab Law Minister Rana Sanaullah said on Friday that the Punjab government will submit a resolution against the National Accountability Bureau for arresting former director general (DG) of Lahore Development Authority (LDA) Ahad Cheema without adopting
Published 24 Feb, 2018 12:00am
Early disbursement of refunds demanded

Early disbursement of refunds demanded

The Pakistan Readymade Garments Manufacturers and Exporters Association has welcomed the continuation of greater trade access of Pakistani products to European markets, as the European Union has decided to retain Generalized System of Preferences (GSP) Pl
Published 24 Feb, 2018 12:00am
FTAs with China APBF suggests strategy to benefit local industry

FTAs with China APBF suggests strategy to benefit local industry

As the round of talks over China-Pakistan Free Trade Agreement's second phase are under process, the All Pakistan Business Forum (APBF) has suggested the government to devise a strategy in the light of impact on domestic industry, convincing China to libe
Published 24 Feb, 2018 12:00am
Pakistan Auto Show from March 2

Pakistan Auto Show from March 2

Pakistan Association of Automotive Parts and Accessories Manufacturers' (PAAPAM) is organizing the three-day Pakistan Auto Show 2018 (PA18) with theme of "Make in Pakistan" from March 2, 2018 here at the Expo Centre. The three-day event is expected to att
Published 24 Feb, 2018 12:00am
PPDWP approves Rs 4 billion for new bridge

PPDWP approves Rs 4 billion for new bridge

The Punjab Provincial Development Working Party (PPDWP) has approved to release Rs 4 billion for construction of a bridge at Chak Nizam on River Jehlum in District Mandi Bahauddin. The approval was given in PPDWP's 53rd meeting of current fiscal year pres
Published 24 Feb, 2018 12:00am
GEPCO GM (Operations) Haroon Rashid retires

GEPCO GM (Operations) Haroon Rashid retires

General Manager Operations, Gujranwala Electric Power Company Haroon Rashid retired from service on Friday after reaching the age of superannuation. Senior officers of GEPCO held a function to pay tribute to Haroon Rashid's outstanding services for the el
Published 24 Feb, 2018 12:00am
PIAF urges Nepra to reduce power tariff

PIAF urges Nepra to reduce power tariff

The Pakistan Industrial and Traders Associations Front (PIAF) have urged the National Electric Power Regulatory Authority (NEPRA) to reduce the electricity price on permanent basis for providing relief to the public in general and industry in particular.
Published 24 Feb, 2018 12:00am
Continuity of GSP Plus: FCCI hails EU body's decision

Continuity of GSP Plus: FCCI hails EU body's decision

Shabbir Hussain Chawla President Faisalabad Chamber of Commerce & Industry (FCCI) has welcomed the decision of the International Trade Committee of European Union to continue the facility of GSP (Generalized System of Preferences) Plus for Pakistan for ne
Published 24 Feb, 2018 12:00am
LHCBA election today

LHCBA election today

As many as 16,254 members of Lahore High Court Bar Association (LHCBA) will elect their representatives for the year 2018-19 today. Strict security arrangements have been made to ensure a peaceful election. Chairman of election board Javed Iqbal Raja told
Published 24 Feb, 2018 12:00am
PML-N acting president to be elected in seven days: Ahsan

PML-N acting president to be elected in seven days: Ahsan

Minister for Interior, Planning, Development and Reforms Ahsan Iqbal Friday said acting party president will be elected within seven days, while a permanent president will be chosen in the next 45 days. He said Central Working Committee (CWC) of Pakistan
Published 24 Feb, 2018 12:00am
Passing out parade held

Passing out parade held

Passing out Parade of Pakistan Rangers Punjab Anti Terrorist / Commando Course Serial-26 was held at Rangers Battle School, Rakhtera Friday, said press release issued by the ISPR. Commander Lahore Corps, Lieutenant-General Aamer Riaz was the Chief Guest.
Published 24 Feb, 2018 12:00am
ITU hosts launch of book on Lord Wavell

ITU hosts launch of book on Lord Wavell

The Information Technology University (ITU) the Punjab's Centre for Governance and Policy hosted the launch of acclaimed British historian Victoria Schofield book on Lord Wavell, the penultimate Viceroy of India here on Friday. Discussing Wavell's role In
Published 24 Feb, 2018 12:00am
GCU Lahore, Tehran University sign MoU
Exchange

GCU Lahore, Tehran University sign MoU

The Government College University (GCU) Lahore has signed a memorandum of understanding (MoU) with the University of Tehran, Iran for academic and research cooperation in the discipline of Urdu Literature. GCU Vice Chancellor Professor Dr Hassan Amir Shah
Published 24 Feb, 2018 12:00am
Call for proactive steps to end violence against womenfolk

Call for proactive steps to end violence against womenfolk

Speakers have stressed the need for taking pragmatic measures to end the continued violence against the womenfolk in male-dominant society. A gathering and debate contest on "Violence against Women and Our Responsibilities," jointly organised by the Depar
Published 24 Feb, 2018 12:00am
Huzoori Bagh's illumination work completed

Huzoori Bagh's illumination work completed

The Walled City of Lahore Authority (WCLA) has completed the illumination of Huzoori Bagh which will be opened soon for the public at night. Almost 1000 high performance European standard lights have been used in the illumination of this historic complex.
Published 24 Feb, 2018 12:00am
Nestlé Pure Life launches Hero Bottles at Superheroes Meet

Nestlé Pure Life launches Hero Bottles at Superheroes Meet

Nestlé Pure Life, Pakistan's favorite water, launched its 'Hero Bottles' at its first ever Superheroes Meet here the other day which was attended by key opinion leaders, Socialites, Nutritionists, Beauticians, Fitness Trainers, famous Bloggers and Twitter
Published 24 Feb, 2018 12:00am
Culture & democracy linked to each other: Marriyum
Exchange

Culture & democracy linked to each other: Marriyum

Culture and democracy were inextricably linked to each other and during dictatorial regimes arts, artist communities and freedom of expression got suppressed. It was stated by Marriyum Aurangzeb, Minister of State for IBNH&LH while addressing the curtain-
Published 24 Feb, 2018 12:00am
Cafes need special focus in educational institutions: Hamza

Cafes need special focus in educational institutions: Hamza

PML-N leader Hamza Shahbaz has called for inculcating moral education among the students with the bookish knowledge so that responsible and able generation could be ensured for the secure future of Pakistan. While addressing a ceremony, Hamza said that sp
Published 24 Feb, 2018 12:00am
2014 sit-in cases: ATC refuses to exempt Imran from personal appearance

2014 sit-in cases: ATC refuses to exempt Imran from personal appearance

An anti-terrorism court here on Friday turned down a plea filed by Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan seeking exemption from personal appearance in cases related to the attack on the state buildings and then SSP Islamabad (Operations) Asma
Published 24 Feb, 2018 12:00am
Pakistan put back on terrorist financing watchlist?

Pakistan put back on terrorist financing watchlist?

A global money-laundering watchdog has decided to place Pakistan back on its terrorist financing watchlist, a government official and a diplomat said on Friday, in a likely blow to Pakistan's economy and its strained relations with the United States. The
Published 24 Feb, 2018 12:00am
Outcome of FATF meeting still awaited: FO
Currency

Outcome of FATF meeting still awaited: FO

Foreign Office said Friday that the outcome of Financial Action Task Force (FATF) meeting for placing Pakistan on terror financing watchlist is "awaited," refusing to divulge on the controversy and its impact on Pakistan-US relations till the decision of
Published 24 Feb, 2018 12:00am
ANP accepts SC verdict with reservations

ANP accepts SC verdict with reservations

President Awami National Party (ANP), Asfandyar Wali Khan Friday said his party always respected courts decisions and accept the recent decision of the Supreme Court regarding disqualification of Nawaz Sharif from holding office of PML-N President with re
Published 24 Feb, 2018 12:00am
Supreme Court upholds ECP's decision to disqualify PTI MPA

Supreme Court upholds ECP's decision to disqualify PTI MPA

Supreme Court on Friday upheld Election Commission of Pakistan's decision to disqualify Pakistan Tehreek-e-Insaf (PTI) MPA Abdul Munim (PK-88, Shangla-II). A three-member bench led by Justice Azmat Saeed Sheikh announced the verdict while in response to a
Published 24 Feb, 2018 12:00am
Indus Motor Company posts Rs 3.735 billion PAT
Exchange

Indus Motor Company posts Rs 3.735 billion PAT

The profit after tax of Indus Motor Company has increased to Rs 3.735 billion in the quarter ended December 31, 2017 as compared to 3.027 billion earned in the corresponding period in 2016. The company's earning per share surged to Rs 47.53 in the period
Published 24 Feb, 2018 12:00am
Indus Motor Company posts Rs 3.735 billion PAT
Exchange

Indus Motor Company posts Rs 3.735 billion PAT

The profit after tax of Indus Motor Company has increased to Rs 3.735 billion in the quarter ended December 31, 2017 as compared to 3.027 billion earned in the corresponding period in 2016. The company's earning per share surged to Rs 47.53 in the period
Published 24 Feb, 2018 12:00am
Drug abuse interrelated to multiple health issues

Drug abuse interrelated to multiple health issues

Pakistan lacks adequate certified physiatrists, despite having huge population as compared to United States that has over 11000 board-certified physiatrists, who work in complete coordination and commitment for rehabilitation. This was stated by Dr Sabaha
Published 24 Feb, 2018 12:00am
Over 100 films to be screened at Asia Film Festival: Murad

Over 100 films to be screened at Asia Film Festival: Murad

Sindh Chief Minister Syed Murad Ali Shah has said on Friday that after the 18th constitutional amendment, film has become provincial subject; therefore, his government will also take steps for promotion of films. He expressed these views in his presidenti
Published 24 Feb, 2018 12:00am
Ajinomoto Salt banned in Sindh

Ajinomoto Salt banned in Sindh

The Sindh government in exercise of the powers conferred under Section 144 (6) Cr PC has imposed complete ban on manufacturing, import and distribution of Ajinomoto Salt in the province with immediate effect until further orders. The SHOs of concerned Pol
Published 24 Feb, 2018 12:00am
Pulses' import slumps by 62 percent

Pulses' import slumps by 62 percent

The country's import of pulses slumped by 62 percent to $315.430 million in July-January 2017-18, as importers say that the commodity prices on world markets are likely to fall further. Fall in the import bill of pulses now stands at $175.523 million in J
Published 24 Feb, 2018 12:00am
Nishat Mills posts Rs 1.961 billion as PAT
Exchange

Nishat Mills posts Rs 1.961 billion as PAT

Nishat Mills Limited has posted Rs 1.961 billion as profit after tax in the quarter ended December 31, 2017 as compared to Rs 1.909 billion earned in the corresponding period in 2016. The board of directors of the company in its meeting held on Friday at
Published 24 Feb, 2018 12:00am
Nishat Mills posts Rs 1.961 billion as PAT
Exchange

Nishat Mills posts Rs 1.961 billion as PAT

Nishat Mills Limited has posted Rs 1.961 billion as profit after tax in the quarter ended December 31, 2017 as compared to Rs 1.909 billion earned in the corresponding period in 2016. The board of directors of the company in its meeting held on Friday at
Published 24 Feb, 2018 12:00am
SECP amends 'Securities and Futures Advisers Regulations'
Mutual Funds

SECP amends 'Securities and Futures Advisers Regulations'

The Securities and Exchange Commission of Pakistan (SECP) has introduced amendments to the Securities and Futures Advisers (Licensing and Operations) Regulations, 2017, notified vide SRO No 253(I)/2018. The said notification and amended regulations are av
Published 24 Feb, 2018 12:00am
Engro Corporation announces financial results for 2017

Engro Corporation announces financial results for 2017

Pakistan's premier conglomerate, Engro Corporation announced its financial results for the year 2017 at a meeting held at its headquarters in Karachi. The company posted a consolidated profit-after-tax of Rs 16,290 million compared to Rs 12,912 million (e
Published 24 Feb, 2018 12:00am
Engro Corporation announces financial results for 2017

Engro Corporation announces financial results for 2017

Pakistan's premier conglomerate, Engro Corporation announced its financial results for the year 2017 at a meeting held at its headquarters in Karachi. The company posted a consolidated profit-after-tax of Rs 16,290 million compared to Rs 12,912 million (e
Published 24 Feb, 2018 12:00am
Shah asks Nawaz to accept court's verdicts

Shah asks Nawaz to accept court's verdicts

Pakistan Peoples Party (PPP) leader Khurshid Shah on Friday urged the former Prime Minister Nawaz Sharif to accept the verdicts of court. Speaking to media in Sukkur, Shah said that Sharif has to respect the institutions and verdicts of courts as he has a
Published 24 Feb, 2018 12:00am
Fata colleges: hard area allowance for teachers discussed

Fata colleges: hard area allowance for teachers discussed

The Senate Standing Committee on States and Frontier Regions (SAFRON) Friday discussed non-payment of hard area allowance to the teachers of FATA colleges. The panel also took up the matter of doubling the quota for FATA students in various education and
Published 24 Feb, 2018 12:00am
National Assembly body directs CDA to allocate land for NIHR

National Assembly body directs CDA to allocate land for NIHR

National Assembly Standing Committee on Human Rights has directed Capital Development Authority (CDA) to allocate required land to Ministry of Human Rights for constructing the building of National Institute of Human Rights. The committee was informed tha
Published 24 Feb, 2018 12:00am
Quake jolts Balochistan, Sindh border areas

Quake jolts Balochistan, Sindh border areas

An earthquake of mild intensity jolted parts of Balochistan and Sindh on Friday due to which various dilapidated houses were damaged but no causality was reported due to quake. According to geological wing of Pakistan Meteorological Department, tremours m
Published 24 Feb, 2018 12:00am
Youth killed in Indian firing at LoC

Youth killed in Indian firing at LoC

A young was killed in unprovoked firing by Indian forces at Line of Control on Friday. According to a press release issued by Pakistan Army Media Wing-ISPR, Indian army continued terrorizing civil population along LOC. An innocent young boy Inzamam s/o M
Published 24 Feb, 2018 12:00am
LHC issues notices to ECP, others

LHC issues notices to ECP, others

The Lahore High Court (LHC) on Friday issued notices to Election Commission of Pakistan and others for March 01 in a petition challenging Senate elections and its scrutiny process. The petitioner Azhar Siddique advocate said how an absconder could be allo
Published 24 Feb, 2018 12:00am
Rabbani orders refurbishment of Senate Hall

Rabbani orders refurbishment of Senate Hall

Flamboyant Senate Chairman Raza Rabbani, who is set to retire in March, has ordered refurbishment of Senate Hall which is in a shambles as previous chairmen paid no heed to renovate the building constructed about four decades ago. A senior official at Sen
Published 24 Feb, 2018 12:00am
SERT national roaster launched

SERT national roaster launched

Pakistan on Friday launched the first ever national roster on Surge Emergency Response Team (SERT) under Transforming Surge Capacity Project to strengthen local capacity for responding in emergency situations. The project was launched by National Humanita
Published 24 Feb, 2018 12:00am
Training of 9 million polling staff from next month

Training of 9 million polling staff from next month

Election Commission of Pakistan (ECP) Friday announced that it will start training of around nine million polling staff from March this year for upcoming general election. Chief Election Commissioner former justice Sardar Muhammad Raza said this while add
Published 24 Feb, 2018 12:00am
Pezu plant closure: Lucky Cement denies rumours

Pezu plant closure: Lucky Cement denies rumours

Lucky Cement Ltd has categorically refuted all rumours regarding shutting down of its Pezu plant by local Excise and Taxation department. According to the press statement issued here on Friday, company's operations including cement production and dispatch
Published 24 Feb, 2018 12:00am
Factories manufacturing fake shampoos sealed

Factories manufacturing fake shampoos sealed

District administration Friday sealed 17 factories at Karkhano Market for manufacturing fake shampoos of a renowned brand and arrested its owners. On the directives of Deputy Commissioner (DC) Islamzeb, the Additional Deputy Commissioner (ADC) Shahid Ali
Published 24 Feb, 2018 12:00am
Nawaz's 'rhetoric' to weaken institutions: Zardari

Nawaz's 'rhetoric' to weaken institutions: Zardari

Pakistan Peoples Party (PPP) Co-Chairman Asif Ali Zardari Friday said that former prime minister Nawaz Sharif is trying to whip up 'rhetoric' against state institutions to weaken them. He expressed these views while addressing a press conference here. "Th
Published 24 Feb, 2018 12:00am
Unfortunate incident
Exchange

Unfortunate incident

How unfortunate it is a former highly respected judge of Supreme Court and ex-Chief Justice of Sindh High Court had to face humiliation at the office of Chief Election Commission of Pakistan in Islamabad the other day. Media reports say that former justic
Published 24 Feb, 2018 12:00am
US shale investors still waiting on payoff from oil boom

US shale investors still waiting on payoff from oil boom

US oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting for their payday. Shale producers have raised and spent billions of dollars t
Published 24 Feb, 2018 12:00am
Ease of doing business reform - II
Exchange

Ease of doing business reform - II

The initiative taken by PM Abbasi on ease of doing business appears to be moving ahead. A steering committee constituted by Board of Investment (BoI) for the purpose will present its recommendations to the PM by next week. The PM has agreed to head the st
Published 24 Feb, 2018 12:00am
Towards even-handed accountability

Towards even-handed accountability

A long-held desire of the political class and civil society to see retired army officers indicted, like their civilian counterparts, for alleged wrongdoing seems about to be fulfilled. The National Accountability Bureau (NAB) has announced its decision to
Published 24 Feb, 2018 12:00am
Patwari's legacy disputed but his impact undeniable

Patwari's legacy disputed but his impact undeniable

Speaking to media persons after an agreement signing ceremony between Land Record Authority and Nadra to provide services of obtaining ownership deeds of public properties at Nadra's 3700 E-Sahulat Centres to people at Lahore the other day, a visibly beam
Published 24 Feb, 2018 12:00am
Indian state offers free breast implants to poor women

Indian state offers free breast implants to poor women

Thousands of poor women in India's Tamil Nadu state have been offered free cosmetic breast surgery, including implants, its health minister said Friday, because "poor people also have a right to look beautiful". The southern Indian state is known for its
Published 24 Feb, 2018 12:00am
Indian state offers free breast implants to poor women

Indian state offers free breast implants to poor women

Thousands of poor women in India's Tamil Nadu state have been offered free cosmetic breast surgery, including implants, its health minister said Friday, because "poor people also have a right to look beautiful". The southern Indian state is known for its
Published 24 Feb, 2018 12:00am
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