16 killed, 19 injured in Lahore’s Ferozepur road blast
At least 16 people were killed and 19 injured in an explosion at the Kot Lakhpat vegetable market near...
Teenage maid recovered from house of anchorperson Gharida Farooqi
Police have recovered a teenage maid from the residence of anchorperson Gharidah Farooqui. Teenage maid’s parents lodged an application...
China warns India not to harbour illusions in border stand-off
China’s defense ministry on Monday warned India not to harbor any illusions about the Chinese military’s ability to defend...
Ruling BJP criticizes own ally Shiv Sena
India’s ruling Bharatiya Janata Party (BJP) casigated its own ally in Maharashtra, Shiv Sena, advising it to be focus on resolving the country’s civic problems instead of needlessly commenting on national issues. Shiv Sena chief Uddhav Thackeray had on Friday expressed reservations about the meeting between Prime Minister Narendra... Read more
Pakistan Railway announces 50% cut in train fares on Eid
Federal Minister for Railways Khawaja Saad Rafique has announced a reduction of 50 percent fares of special trains on 14th, 15th and 16th on the eve of Eid ul Fitr. Addressing a press conference in Lahore this afternoon the minister claimed that Pakistan Railways has enhanced its income at record level,... Read more
Selection panel keeping an eye on Saeed Ajmal: Haroon Rasheed
Chief selector Haroon Rasheed said on Monday that the selection panel is keeping an eye on off-spinner Saeed Ajmal’s performance and is in touch with him. Ajmal, who is making a comeback to competitive cricket with a re-moulded action recently returned with impressive figures of 8/100 in Worcestershire’s innings... Read more
No dialogue with India sans Kashmir on agenda: Sartaj Aziz
Advisor to PM on National Security and Foreign Affairs Sartaj Aziz Monday said no dialogue with India will take place without Kashmir on the agenda. “Pakistan’s stance on the core issue of Kashmir is clear. We will continue extending moral, political and diplomatic support to our Kashmiri brethren,” the... Read more
Kashmir Martyrs day observed with renewed pledge
Kashmiris living both sides of the line of control and rest of the world observed the 84th Kashmir Martyrs Day on Monday with the renewal of the pledge to continue the mission of the Kashmiri martyrs through continuing the freedom struggle. Symposia and meetings were the hallmark of the... Read more
Sindh govt. dragging its feet in implementation of NAP: Agencies
Security agencies yesterday, warned that the ‘slow’ implementation of the National Action Plan in Sindh was hampering the fight against terrorism in the country. Officials belonging to security institutions made the statements during a Sindh apex committee meeting chaired by Sindh CM Qaim Ali Shah at the CM House.... Read more
Nawaz-Modi meet-up: India reluctant to revive composite dialogue
Islamabad: Friday’s meeting between Prime Minister Nawaz Sharif and his Indian counterpart Narendra Modi may be seen as an icebreaker given the escalating tensions between the two neighbours – but the fate of the stalled composite dialogue process between the two archfoes is yet to be decided. An official familiar... Read more
Merger of regulators
IN an interesting development, the federal government has gotten ‘silent’ approval from all the provinces to move forward with its plans to merge the two energy sector regulators — National Electric Power Regulatory Authority and the Oil and Gas Regulatory Authority — into a single regulator, with slightly compromised... Read more
No threat to industry from NPL issues
Over the past few years, the banking industry has emerged as one of the better performing sectors of the economy. Be it after-tax earnings growth, dividend yields or stock price appreciation, most variables have hit their mark, enriching executives and stockholders alike in the process. However, one important variable... Read more
Govt raises Rs99.8bn from T-bills
THE central bank, by rejecting bids that demanded higher yields during the Treasury bill auction last Wednesday, was able to raise Rs99.8bn from the auction, against its target of Rs150bn. The cut-off yields stayed virtually unchanged from the previous auction. Of the total, three-month T-bills fetched Rs48.506bn at a... Read more
Rupee marginally up against dollar
The rupee managed to appreciate marginally against the dollar last week, as the reserve currency was said to be in ample supply in both the interbank and open markets. Nonetheless, on the interbank market, the rupee had commenced the week by losing five paisas for buying and four paisas... Read more
PM Sharif performs Umrah, meets King Salman
Prime Minister Muhammad Nawaz Sharif Sunday performed Umrah and met King Salman bin Abdulaziz of Saudi Arabia. The meeting, held in the holy city of Makkah, lasted for about an hour. Earlier on Saturday, Sharif arrived in Jeddah to perform Umrah. Governor of Jeddah Prince Mishaal bin Majed bin Abdulaziz,... Read more
MQM sacks M. Anwar from coordination committee
Muttahida Qaumi Movement (MQM) has sacked party leader Mohammad Anwar from party’s Rabitta Committee (Coordination Committee) due to long illness and absenteeism. In a statement today, MQM Rabitta Committee has said that party has been facing tough time because of direct political vengeance at the hands of the establishment and under... Read more
K-Electric on run after 5th Karachi blackout
Once again Karachi went dark late on Sunday night after a fifth major failure in a row as electricity supply from the national grid to Karachi suffered a serious interruption. According to sources, K- Electric has  shut down all the plants in ailing Pakistan Steel Mills (PSM). This outage also... Read more