Economy

  CNG closure: association to hold protests from Monday

ISLAMABAD: All Pakistan Compressed Natural Gas (CNG) Association has announced to stage demonstrations to protest against the gas supply closure from Monday.   Chairman APCNGA, Ghiyas Paracha said the transporters are also poised to hold their p...

  Foreign investment growing in Pakistan, claims Pervaiz Rasheed

LAHORE: Information Minister Pervaiz Rasheed has claimed that Pakistan’s overall situation was improving, media reported.   Addressing a press conference here Sunday, Pervaiz Rasheed said the government took several measures to overcome the challe...

  Iran cancels $500m loan to Pak, warns of cash fine over pipeline delay

TEHRAN: Iran has said that it has cancelled a planned $500 million loan to Pakistan to build part of a pipeline to bring natural gas from Iran.   Deputy Oil Minister Ali Majedi said Iran has no obligation to finance the Pakistani side of the proj...

  Pope: I knew good Marxists; label doesn’t hurt me

VATICAN CITY: Pope Francis is shrugging off the "Marxist" label that some ultra-conservatives might apply to him because he frets that economic growth doesn´t always help the poor.   In an interview with Italian daily La Stampa published on Sunda...

  FBR extends deadline for filing tax returns

ISLAMABAD: Federal Board of Revenue (FBR) has extended the date for filing tax returns for one day, media reported. According to the FBR‚ the date has been extended due to Sunday as weekly holiday. Now the tax returns can be filed till Monday Decem...

  Agriculture the most promising market for drones

PORTLAND: Idaho farmer Robert Blair isn't waiting around for federal aviation officials to work out rules for drones. He and a friend built their own, outfitting it with cameras and using it to monitor his 1,500 acres.   Under 10 pounds and 5 fe...

  Electrical waste up by third by 2017: UN study

BERLIN : The mountain of refrigerators, cellphones, TV sets and other electrical waste disposed of annually worldwide is forecast to grow by a third by 2017, according to a U.N. study released today.   E-waste — defined as anything with a battery...

  Sindh CNG stations to remain closed

KARACHI: All CNG stations in Sindh will remain closed from 8am on Monday and will start their operations at 8am on Tuesday. This was announced by a spokesman for the Sui Southern Gas Company (SSGC). The second shutdown will be observed from 8...

  Ishaq Dar urges investors to encash dollars to avoid losses

LAHORE: Finance Minister Ishaq Dar has criticized ‘pseudo intellectuals’ for their predictions about the devaluation of rupee and increase in the US dollar price.   He was addressing the All Pakistan Textile Mills Association (APTMA) award ceremo...

  SSGC issues schedule for CNG closure in Sindh

KARACHI: Sui Southern Gas Company (SSGC) Saturday issued a schedule of CNG loadshedding for the coming week. According to the schedule, filling stations of Compressed Natural Gas (CNG) will remain closed for 24 hours from 8:00 AM till the same t...

  Iran cancels Pakistan gas pipeline loan

TEHRAN: Iran has canceled a planned $500 million loan to Pakistan to build part of a pipeline to bring natural gas from the Islamic Republic.   Deputy Oil Minister Ali Majedi said Iran has no obligation to finance the Pakistani side of the projec...

  PTI to hold protest against inflation on Dec 22

LAHORE: Pakistan Tehreek-e-Insaf (PTI) chairman, Imran Khan has demanded that local bodies (LB) elections be held under the supervision of the judiciary.   Khan addressing a news conference was critical of the Punjab government, stating that it ...

  KSE ends higher after Pakistan secures GSP Plus status

KARACHI: Pakistan´s main stock exchange closed higher on Friday.   The benchmark 100-share index of the Karachi Stock Exchange rising 0.74 percent, or 184.69points, to 25,256.69.   The rise was mainly due to Pakistan securing the long awaited dut...

  Rental power case: Hearing adjourns until January 3

ISLAMABAD: Former prime minister Raja Pervaiz Ashraf could not be indicted event today (Saturday), as the hearing of the rental power case was adjourned until January 3 here, media reported.   Raja Pervaiz Ashraf said that a vicious propaganda wa...

  Pakistan, India look to galvanize ongoing power trade talks

NEW DELHI: Emphasizing on the need to further enhance bilateral commerce through land route, India and Pakistan has agreed to revitalize the ongoing talks on electricity trade between the countries.   According to Indian state media, the issues c...

  Gilani joins NAB probe in NICL scam through lawyer

ISLAMABAD: The National Accountability Bureau (NAB) has finally succeeded in forcing former prime minister Yousuf Raza Gilani to cooperate with the country’s premier anti-corruption body in a multi-billion NICL scam.   The former prime minister ...

  PM says Pakistan’s economy improving

ISLAMABAD: Prime Minister Nawaz Sharif said Friday that Pakistan’s economic situation was improving, adding that in the next four years the government wanted to take the GDP rate to 7 per cent.   While meeting parliamentarians from Multan and Sah...

  Pakistan textile sector eyes boost from EU export deal

KARACHI: Pakistan’s textile sector Friday welcomed a European Union’s move to cut duties on the country’s exports, saying it would add billions to the economy, but it warned an energy crisis could prevent firms from benefiting from the windfall. ...

  Can't be arrested as I enjoy immunity, says ex-PM Gilani

MULTAN: Former prime minister Yousuf Raza Gilani said on Friday that he enjoys immunity as per the constitution and will see who can arrest him, media reported.  ...

  Pakistan to get $550m after IMF review meeting on Dec. 19

WASHINGTON: International Monetary Fund (IMF) first quarter review meeting on Pakistan’s loan programme will be held on December 19 for the release of $550 million to Pakistan after the staff-level approval of agreement with the officials, media r...


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Feature / Analysis

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