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Print - 2019-11-26
Hafeez describes job creation as major challenge

Hafeez describes job creation as major challenge

Advisor to Prime Minister on Finance Abdul Hafeez Shaikh said on Monday that the country had not performed well historically in attracting foreign direct investment (FDI), export growth and infrastructure development; however, platform has now been create
Published 26 Nov, 2019 12:00am
Draft authority law seeks repeal of FBR law

Draft authority law seeks repeal of FBR law

The draft Federal Revenue Authority Act 2020 has proposed to reconstitute Federal Board of Revenue (FBR) into Federal Revenue Authority (FRA) to make it a service-oriented organization, with job protection to existing employees, and greater autonomy and p
Published 26 Nov, 2019 12:00am
ECP to hear PTI foreign funding case today

ECP to hear PTI foreign funding case today

The Election Commission of Pakistan (ECP) is scheduled to hear today (Tuesday) an all important five-year old foreign funding case after a gap of 20 months, which involves the ruling party Pakistan Tehreek-e-Insaf (PTI).
Published 26 Nov, 2019 12:00am
LVMH puts ring on jeweller Tiffany in $16.2 billion union

LVMH puts ring on jeweller Tiffany in $16.2 billion union

Louis Vuitton owner LVMH has agreed to buy Tiffany for $16.2 billion in its biggest acquisition yet, as the French luxury goods maker bets it can restore the US jeweller's lustre by investing in stores and new collections.
Published 26 Nov, 2019 12:00am
European police attack Islamic State's online presence

European police attack Islamic State's online presence

European police agencies have knocked out several internet servers used by Islamic State in a significant blow to the armed group's ability to spread propaganda online, the Europol police agency said on Monday. The move shut down a large number of account
Published 26 Nov, 2019 12:00am
Imran, Awan discuss foreign funding case

Imran, Awan discuss foreign funding case

Amid reports of expressing no-confidence in Chief Election Commissioner (CEC), Pakistan Tehreek-e-Insaf (PTI) leader Babar Awan on Monday called on Prime Minister Imran Khan and discussed foreign funding case against the party.
Published 26 Nov, 2019 12:00am
Lieutenant-General Sahir appointed Chief of General Staff

Lieutenant-General Sahir appointed Chief of General Staff

The Inter-Services Public Relations (ISPR) has announced major appointments and postings on Monday, according to which Lieutenant General Sahir Shamshad Mirza has been appointed Chief of General Staff.
Published 26 Nov, 2019 12:00am
Qatar Emiri Guard Commander meets COAS

Qatar Emiri Guard Commander meets COAS

Commander Qatar Emiri Guard, Staff Maj General Hazzaa Bin Khalil Bin Mansour Al-Shahwani on Monday called on Chief of Army Staff (COAS) General Qamar Javed Bajwa at GHQ.
Published 26 Nov, 2019 12:00am
Arbitrator dismissed claim against CPPA-G

Arbitrator dismissed claim against CPPA-G

Central Power Purchasing Agency ("CPPA-G") and three subsidiaries of Zonergy Company Limited ("Zonergy") approached the London Court of International Arbitration ("LCIA") earlier this year to agitate their disputes under three identical Energy Purchase Ag
Published 26 Nov, 2019 12:00am
China says 'not afraid' to fight
Letters

China says 'not afraid' to fight

That the former 'middle kingdom' has become increasingly assertive in global affairs is a fact that has found its best expression from President Xi Jinping's remarks that his country wants to reach an initial trade deal with the United States but is "not
Published 26 Nov, 2019 12:00am
New Tariff Policy - a formidable challenge
Articles

New Tariff Policy - a formidable challenge

Federal Cabinet has approved National Tariff Policy 2019-24 to be implemented in a period of five years starting from the Budget 2020-21. Easy passing a policy but harder to put it in action. It is a major development to reduce the anti-export bias in our
Published 26 Nov, 2019 12:00am
War of words on CPEC
Articles

War of words on CPEC

US Assistant Secretary of State for South Asia Alice Wells virtually put the cat amongst the pigeons in a speech at the Wilson Center in Washington on November 22, 2019 in which she cautioned and warned Pakistan about the pitfalls of the China Pakistan Ec
Published 26 Nov, 2019 12:00am
The downside of Pakistan's economy
Articles

The downside of Pakistan's economy

The government has recently been making frequent positive statements about on-going developments in the economy. Rightfully, success in the process of stabilization has been highlighted. The current account in the balance of payments was transformed into
Published 26 Nov, 2019 12:00am
New terms of endearment?

New terms of endearment?

Relations between Pakistan and the US seem to have taken a turn for the better since the Pakistan Tehreek-i-Insaaf government of Prime Minister (PM) Imran Khan came to power last year. The latest positive development in these relations is the prisoner exc
Updated 26 Nov, 2019 06:26am
Revenue shortfall and FBR

Revenue shortfall and FBR

The revenue shortfall for the first four months of 2020 has been acknowledged at 164 billion rupees with total collection of 1.28 trillion rupees against the target of 1.44 trillion rupees. If this trend continues, a shortfall of 26 percent against the 5.
Updated 26 Nov, 2019 06:26am
OGDCL to undertake first shale pilot project next month
Energy

OGDCL to undertake first shale pilot project next month

The Petroleum Division has tasked Oil and Gas Development Company Limited (OGDCL), a premier oil and gas exploration and production company, to undertake the first shale pilot project next month. The USAID study conducted in 2015 stated that Pakistan hold
Published 26 Nov, 2019 12:00am
IHC withdraws contempt of court notices against Sarwar, Firdous

IHC withdraws contempt of court notices against Sarwar, Firdous

The Islamabad High Court (IHC) on Monday withdrew contempt of court notices against Federal Minister for Aviation Ghulam Sarwar Khan and Special Assistant to the Prime Minister on Information and Broadcasting Firdous Ashiq Awan after accepting their apolo
Published 26 Nov, 2019 12:00am
Remittances to grow more, says Prime Minister
Money & Banking

Remittances to grow more, says Prime Minister

Prime Minister Imran Khan Monday said that significant growth in the home remittances was witnessed during the fiscal year 2019, which was expected to grow further in the coming years. The prime minister was talking to a delegation of MoneyGram, headed by
Published 26 Nov, 2019 12:00am
Financial inclusion in Pakistan: Queen Máxima, Qureshi discuss progress

Financial inclusion in Pakistan: Queen Máxima, Qureshi discuss progress

Queen Máxima of the Netherlands, the United Nations Secretary-General's Special Advocate for Inclusive Finance for Development (UNSGSA), met with Foreign Minister Shah Mahmood Qureshi at the Ministry of Foreign Affairs on Monday to discuss progress of fin
Published 26 Nov, 2019 12:00am
SC seeks details of collection, utilization of GIDC

SC seeks details of collection, utilization of GIDC

The Supreme Court has directed the federal government to submit details of collection and utilization of Gas Infrastructure Development Cess under the GIDC Act 2011 and the GIDC Act 2015.
Published 26 Nov, 2019 12:00am
Bilawal, PML-N leadership to attend JUI-F's APC

Bilawal, PML-N leadership to attend JUI-F's APC

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari and senior leadership of Pakistan Muslim League-Nawaz (PML-N) and other opposition parties will attend the all-parties conference (APC) called by Emir Jamiat Ulema-e-Islam-Fazl (JUI-F) Maulana Fazlur
Published 26 Nov, 2019 12:00am
Telenor Pakistan condemns Norway incident
Telecommunication

Telenor Pakistan condemns Norway incident

Telenor Pakistan has strongly condemned the desecration of Holy Quran and expresses deepest concern over the unfortunate incident that took place in Norway. The company remains committed to the country and is proud to serve millions of Pakistanis.
Published 26 Nov, 2019 12:00am
Speakers highlight importance of Persian language

Speakers highlight importance of Persian language

There is an urgent need to restore broken link with Persian language to understand Maulana Rumi, Shaikh Saadi and most importantly Allama Iqbal, whose most important poetry is in Persian language, speakers said on Monday, deploring that nowadays, Pakistan
Published 26 Nov, 2019 12:00am
Murad constitutes taskforce to counter drug peddling in schools

Murad constitutes taskforce to counter drug peddling in schools

Sindh Chief Minister Syed Murad Ali Shah, in order to control penetration of narcotics into cities and into the educational institutions in particular, has constituted a high-power Taskforce under his command; the taskforce would be called as `Chief Minis
Published 26 Nov, 2019 12:00am
'Good' opportunities exist for US investors: USDA agriculture counselor

'Good' opportunities exist for US investors: USDA agriculture counselor

Agricultural Counsellor of United States Department of Agriculture (USDA) Rey Santella has said good opportunities for US investors exist in Pakistan where they can surely explore trade and investment opportunities in numerous sectors including the agricu
Published 26 Nov, 2019 12:00am
Assets beyond means case: SHC reserves judgment on Durrani's bail plea

Assets beyond means case: SHC reserves judgment on Durrani's bail plea

Sindh High Court (SHC) on Monday reserved the judgment on the bail pleas of Agha Siraj Durrani, Speaker Sindh Assembly and others in "assets beyond means" case. The SHC bench headed by Justice Omar Sial reserved the decision after Siraj Durrani, his broth
Published 26 Nov, 2019 12:00am
KE, Engro Energy sign MoU to set up Karachi's first waste-to-energy plant
Energy

KE, Engro Energy sign MoU to set up Karachi's first waste-to-energy plant

Aimed at reducing the climate change impact by converting Karachi's municipal solid waste into indigenous and renewable resource of energy, K-Electric and Engro Energy signed a memorandum of understanding (MoU) to develop a 50MW Solid Waste to Energy Plan
Published 26 Nov, 2019 12:00am
Free eye camp held at Police Lines in Hyderabad

Free eye camp held at Police Lines in Hyderabad

Divisional Commissioner Hyderabad Mohammed Abbas Baloch along with DIG Hyderabad Naeem Ahmed Shaikh visited free Eye Camp established by Lions club Hyderabad at Police Line Hyderabad today.
Published 26 Nov, 2019 12:00am
Two rangers personnel martyred in road accident

Two rangers personnel martyred in road accident

Two Rangers personnel were martyred when their vehicle turned turtle at the National Highway in Pano Aqil on Monday. According to the Rangers spokesman, the accident occurred with the vehicle, when it was on its way to Sukkur from Pano Aqil.
Published 26 Nov, 2019 12:00am
Seafood export surges by 18.11 percent to $129.655 million

Seafood export surges by 18.11 percent to $129.655 million

Pakistan's seafood export surged by 18.11 percent to $129.655 million in July-Oct 2019, according to official figures. Increase in seafood export now stands at $19.879 million in July-Oct 2019 from $109.776 million in July-Oct 2018, Pakistan Bureau of Sta
Published 26 Nov, 2019 12:00am
CJCSC General Zubair Hayat pays farewell call on PM

CJCSC General Zubair Hayat pays farewell call on PM

Chairman Joint Chiefs of Staff Committee General Zubair Mehmood Hayat on Monday paid a farewell call on Prime Minister Imran Khan. The Prime Minister appreciated his long meritorious service for the country. The Prime Minister wished the outgoing CJCSC we
Published 26 Nov, 2019 12:00am
There's conducive environment for foreign investors: KP CM

There's conducive environment for foreign investors: KP CM

KP Chief Minister Mahmood Khan Monday said the provincial government is providing conducive business environment to local and foreign investors in multiple sectors including renewable energy, information technology, hydel projects, mines and minerals, tou
Published 26 Nov, 2019 12:00am
ECP urged to scrutinize accounts of registered parties on same TORs

ECP urged to scrutinize accounts of registered parties on same TORs

Parliamentary Secretary for Railways, Mian Farrukh Habib Monday demanded the Election Commission of Pakistan (ECP) to scrutinize the accounts of all registered political parties on the same terms of reference (ToRs) being followed in the Pakistan Tehreek-
Published 26 Nov, 2019 12:00am
Bizenjo demands safe recovery of 'abducted' Khattak

Bizenjo demands safe recovery of 'abducted' Khattak

President National Party Senator Hasil Khan Bizenjo Monday demanded a safe recovery of Idrees Khattak, the party's provincial general secretary of Khyber Pakhtunkhwa who went 'disappeared' on November 13, 2019 from Swabi Interchange.
Published 26 Nov, 2019 12:00am
BTW opens new store at Packages Mall

BTW opens new store at Packages Mall

By The Way - a growing, revolutionary fashion house celebrated its new category launch at Packages Mall on the 20th of November, 2019 in Lahore.
Published 26 Nov, 2019 12:00am
Energy sector: LCCI for joint ventures with Chinese cos
Energy

Energy sector: LCCI for joint ventures with Chinese cos

Pakistan is anxiously seeking joint ventures in energy sector between Pakistani and Chinese private sectors which would not only help much-needed transfer of technology but would also help bring down cost of production in Pakistan.
Published 26 Nov, 2019 12:00am
Opposition has no public welfare agenda: Buzdar

Opposition has no public welfare agenda: Buzdar

Labeling the opposition's all parties' conference (APC) as dejected politicians conference (DPC), the Punjab chief minister Sardar Usman Buzdar Monday said that discarded elements will not gain anything out of it, as the opposition has no public welfare a
Published 26 Nov, 2019 12:00am
Faisalabad Literary Festival concludes

Faisalabad Literary Festival concludes

The 6th Faisalabad Literary Festival held at Nusrat Fateh Ali Khan Auditorium Art Council has been concluded, which was an amalgamation of artists under one roof. People from all walks of life attended the event that included the participation of famous p
Published 26 Nov, 2019 12:00am
Sarwar says government facing no threat

Sarwar says government facing no threat

Governor Punjab Chaudhry Mohammad Sarwar has ruled out any sort of political change in Punjab and said that Prime Minister Imran Khan has already made it clear that administrative change will be made wherever needed in Punjab.
Published 26 Nov, 2019 12:00am
Sehat Insaf Card distributed among over 87,000 so far

Sehat Insaf Card distributed among over 87,000 so far

Baidarie Sialkot is maintaining satisfactory pace to raise awareness, mobilize communities and enroll beneficiaries for distribution of "Sehat Insaf Cards" in Sialkot. After the process launched on Oct 1, 2019 with the support provided by the district adm
Published 26 Nov, 2019 12:00am
Punjab PA adopts resolution against desecration of Holy Quran

Punjab PA adopts resolution against desecration of Holy Quran

The Punjab Assembly on Monday unanimously passed a resolution against the desecration of Holy Quran by Norway's extreme right wing group 'Stop the Islamisation of Norway (SION)' in the Norwegian city of Kristiansand.
Published 26 Nov, 2019 12:00am
Two students held for beating up teacher

Two students held for beating up teacher

Two people have been arrested after a video of a teacher being beaten up by a group of students went viral on social media. One suspect, Hamza, has obtained bail. The other two were arrested on Monday by the Cantt police and have been identified as Hassan
Published 26 Nov, 2019 12:00am
CPEC project to help reinforce country's economic uplift: PM

CPEC project to help reinforce country's economic uplift: PM

Prime Minister Imran Khan Monday said the China Pakistan Economic Corridor (CPEC) was a flagship project of President Xi Jinping's Belt and Road Initiative (BRI), which would not only help reinforce economic development of Pakistan but also contribute to
Published 26 Nov, 2019 12:00am
AC approves 10-day physical remand of former MD PIA Haroon

AC approves 10-day physical remand of former MD PIA Haroon

The Accountability Court hearing the multibillion rupees fake bank accounts case on Monday granted 10 days physical remand of Chairman Overseas Cooperative Society (OCS) Ijaz Haroon to National Accountability Bureau (NAB).
Published 26 Nov, 2019 12:00am
25th Amendment did not protect continuation of internment centres: SC

25th Amendment did not protect continuation of internment centres: SC

Chief Justice Asif Saeed Khan Khosa has said that there is a question of thousands of people's liberty and survival of the state that is fighting the terrorists, but for that the federal government has to show whether the actions (In Aid of Civil Power) R
Published 26 Nov, 2019 12:00am
Sir Martin Sorrel to speak at AdAsia 2019

Sir Martin Sorrel to speak at AdAsia 2019

Sir Martin Sorrell will be a key note speaker at AdAsia 2019. AdAsia, the 31st Asian Advertising Congress is being held at Lahore from December 2-5, 2019.
Published 26 Nov, 2019 12:00am
Partly Facetious : 'NP' discrimination
Articles

Partly Facetious : 'NP' discrimination

"If I have a legal problem then I listen to my lawyer, if there is a medical problem I listen to the doctor, and if my tooth is hurting I go to the dentist..."
Published 26 Nov, 2019 12:00am
IIUI ASA stages sit-in

IIUI ASA stages sit-in

International Islamic University Islamabad (IIUI)'s Academic Staff Association (ASA) Monday staged a sit-in at the university's entry gate adjacent to Kashmir Highway for reinstatement of faculty members.
Published 26 Nov, 2019 12:00am
'Women inclusion vital for socio-economic development'
Brief Recordings

'Women inclusion vital for socio-economic development'

Hushed whispers of previous years are talked about more openly today and have even warranted marches in the urban cities of Pakistan. Agree with it or not, but the 'cultural norms' are evolving, naturally more in the urban areas than rural, but the latter
Updated 26 Nov, 2019 06:22am
New leak reveals how China runs Xinjiang camps

New leak reveals how China runs Xinjiang camps

Leaked government documents outlining the need to prevent escape, double lock doors and constantly monitor detainees in China's network of internment camps in Xinjiang refute Beijing's defence of "vocational education centres" in the region, experts say.
Published 26 Nov, 2019 12:00am
US calls back ambassador from South Sudan

US calls back ambassador from South Sudan

The United States, a key supporter of South Sudan, said it was calling back its ambassador for consultations as it shows frustration with dueling leaders' failure to form a government.
Published 26 Nov, 2019 12:00am
Turkey tests Russian missile defences despite US threats

Turkey tests Russian missile defences despite US threats

Turkey began testing on Monday its Russian missile defence system, local media reported, despite repeated calls from the United States that it could lead to sanctions. Planes, including F-16 fighter jets, circled the Murted military base in Ankara provinc
Published 26 Nov, 2019 12:00am
Erdogan in Qatar calls for 'swift' end to Gulf crisis

Erdogan in Qatar calls for 'swift' end to Gulf crisis

Turkish President Recep Tayyip Erdogan Monday said he hoped a dispute between a Saudi-led bloc and Qatar would "swiftly" come to an end amid emerging signs of a possible breakthrough in the Gulf crisis.
Published 26 Nov, 2019 12:00am
EU members give nod to Commission without UK

EU members give nod to Commission without UK

EU members gave the go-ahead Monday for the formation of a 27-strong European Commission without a representative from Britain, which plans to leave the bloc. Meeting in Brussels, ministers from the remaining 27 capitals endorsed commission president-elec
Published 26 Nov, 2019 12:00am
At least 143 killed in Iran protests: Amnesty

At least 143 killed in Iran protests: Amnesty

At least 143 demonstrators were killed across Iran since leaders ordered security forces to stamp out protests that followed fuel price rises on November 15, Amnesty International said Monday. "According to credible reports those killed include at least 1
Published 26 Nov, 2019 12:00am
Iranians rally en masse against 'rioting'

Iranians rally en masse against 'rioting'

Supporters of Iran's government poured into central Tehran on Monday for a massive rally to condemn days of "rioting" that the Islamic republic blames on its foreign foes. Waving the Iranian flag and banners that read "Death to America", they descended on
Published 26 Nov, 2019 12:00am
Ousted Navy secretary made secret deal with Trump: Pentagon chief

Ousted Navy secretary made secret deal with Trump: Pentagon chief

The US defense secretary Monday defended the decision to sack his navy secretary, saying he went behind his back to make a deal with the White House over a convicted Navy SEAL's future. Mark Esper told reporters Richard Spencer, the Navy's top civilian, a
Published 26 Nov, 2019 12:00am
Hundreds of Sudanese women march against violence

Hundreds of Sudanese women march against violence

Hundreds of Sudanese women Monday marched in Khartoum to mark International Day for Eliminating Violence against Women, in the first such rally held in the northeast African country in decades.
Published 26 Nov, 2019 12:00am
Chemical warfare watchdog defends Syria report

Chemical warfare watchdog defends Syria report

The head of the world's chemical weapons watchdog on Monday defended a report into an alleged chlorine attack in Syria, despite a whistleblower's allegations of a cover-up.
Published 26 Nov, 2019 12:00am
Russia's month-end taxes support rouble
Money & Banking

Russia's month-end taxes support rouble

The Russian rouble firmed slightly on Monday, buoyed by month-end tax payments that usually prompt export-focused companies to convert their foreign currency revenues to meet local duties.
Published 26 Nov, 2019 12:00am
Dollar, export-focussed units up in Asia
Money & Banking

Dollar, export-focussed units up in Asia

The dollar and export-focused currencies edged higher on Monday on broadly upbeat headlines about US-China trade talks, while the pound climbed on hopes of an imminent Brexit and an end to years of political paralysis.
Published 26 Nov, 2019 12:00am