Economy

  Privatisation of 26% PIA shares, other entities approved

ISLAMABAD: The Privatisation Commission has approved the privatisation of three state-owned entities including the national flag carrier Pakistan International Airlines (PIA).The commission’s board of directors met here on Wednesday and decided that ...

  KP Assembly passes Ehtesab Commission Bill

Bill is part of PTI’s reformsPESHAWAR: The Khyber Pakhtunkhwa Assembly on Tuesday unanimously passed the Ehtesab Commission Bill 2013 after the inclusion of some minor amendments proposed by the Select Committee of the House. The bill was presented i...

  NAB arrests two more accused in weapons scam

Obtains remand of ex-CM’s relative, adviserPESHAWAR: The National Accountability Bureau (NAB) on Tuesday got 14 days physical remand of another two accused after arresting them for alleged involvement in the multi-billion scam concerning the procurem...

  Bail plea dismissed

LAHORE:THE Lahore High Court on Tuesday dismissed a petition for pre-arrest bail filed by a factory owner facing charges of gas theft. The SNGPL authorities got a case registered against Mian Zaheer Iqbal after issuing him a detection bill of Rs6.8 m...

  Prices of essential items reduced: minister

LAHORE: Provincial Food Minister and Chairman Punjab Price Control Cabinet Committee Bilal Yasin Tuesday said that, as a result of strenuous efforts by the Punjab government, the prices of essential items had been reduced to a large extent, due to wh...

  Court stays contract employees’ removal

LAHORE: THE Lahore High Court on Tuesday barred Livestock Department administration from sacking contract employees of Dairy Development Laboratories and sought replies from the authorities concerned. The petitioner-employees through their counsel pl...

  Govt to provide low-cost electricity to masses: CM

Says energy crisis has affected every sector of lifeLAHORE: CHIEF Minister Shahbaz Sharif has said that Pakistan and Canada have close friendly relations; however, there is a need to promote economic and trade ties between the two countries. Accordin...

  RCCI rejects FBR tax amnesty scheme

Rawalpindi: The business community of Rawalpindi has rejected the tax amnesty scheme by Federal Board of Revenue (FBR) and termed that the board is facilitating tax evaders rather taxpayers. Rawalpindi Chamber of Commerce and Industry (RCCI) Presiden...

  CDA technical committee gives nod to three projects

Islamabad: The technical committee of Capital Development Authority (CDA), which met here on Tuesday, gave nod to three projects including development of Park Enclave and expansion and upgradation of cardiac centre and operation theatre of the CDA-ow...

  Oil up in Asia

SINGAPORE: Oil prices bounced back in Asian trade Tuesday as a cold snap in the United States boosted demand for heating fuel, analysts said. New York´s main contract West Texas Intermediate for February delivery rose 26 cents to $93.69 while Brent N...

  Wave of terrorism dangerous for Pak economy: IMF

ISLAMABAD: The International Monetary Fund (IMF) has released its report on the state of Pakistan’s economy. The report highlights that Pakistan’s economy will remain under pressure from external payments in 2014. According to the report, the wave of...

  Dollar mixed in Asia ahead of Fed meeting minutes

TOKYO: The dollar was mixed in Asia on Wednesday as investors await the release of minutes from the Federal Reserve´s most recent meeting to see if it plans to continue winding down its stimulus programme. The greenback fetched 105.03 yen in late aft...

  Asian shares rise after upbeat US trade data

HONG KONG: Asian markets rose on Wednesday, taking a lead from Wall Street after another set of data indicating the US economy is getting back on track. The upbeat US trade statistics also helped the dollar resume its upward trend against the yen, wh...

  Power theft in full swing in KP: Abid Sher Ali

PESHAWAR: State Minister for Water and Power, Abid Sher Ali was critical of the power theft in Khyber Pakhtunkhwa during a news conference held here on Wednesday. According to Abid Sher Ali, electricity theft in the province was in full swing with li...

  Four arrested over Italy quake contract bribes

ROME: Four people were placed under house arrest on Wednesday for alleged bribery linked to reconstruction contracts following the 2009 earthquake in L´Aquila in central Italy which killed 309 people, police said. Four more people have been notified ...

  Turkey fires police chiefs in 16 provinces: media

ANKARA: The Turkish government fired 16 provincial police chiefs as it deepened its purge of law enforcement amid a corruption scandal that has ensnared key allies of Prime Minister Recep Tayyip Erdogan, media reported Wednesday. Among the police chi...

  Zardari to appear before accountability court on Jan 09: sources

ISLAMABAD: Former president Asif Ali Zardari will appear before Accountability Court on January 09, media reported. Sources said the former president will defend allegations leveled against him. Accountability Court Judge Muhammad Bashir will hear th...

  Berlin supermarkets discover banana boxes stuffed with cocaine

BERLIN: Boxes filled with bananas and cocaine were delivered to five Berlin supermarkets in what police on Tuesday called a "logistical error" by drug smugglers. Supermarket staff discovered the containers with a total of 140 kg of cocaine on Monday ...

  Woman found in suitcase at Arizona border crossing

NOGALES: Authorities say a smuggling attempt at the U.S.-Mexico border was thwarted when inspectors found a woman from Thailand inside a suitcase. Customs and Border Protection agents discovered 48-year-old Pornkamol Mongkolsermsak while inspecting a...

  All parliamentarians regularly paying tax: Ishaq Dar

ISLAMABAD: Minister for Finance and Revenue Ishaq Dar on Monday clarified that tax was regularly being deducted from the salaries of all parliamentarians of National Assembly, Senate and all four provincial assemblies. Speaking in the Senate the mini...


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Feature / Analysis

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