Lebanon will only survive if Hezbollah disarms: Saudi minister
Saudi Arabia’s foreign minister said on Friday that Lebanon had been “hijacked” by Hezbollah and could only flourish if...
FBR extends tax filing date up to December 15
The Federal Board of Revenue (FBR) has extended the date of filing of returns and statements for the tax...
Political risk on Wall Street? Buy the dip!
An abrupt stock selloff on Friday — sparked by a report that magnified concerns about President Donald Trump’s potential...
A British physicist ignored Taliban threats to teach in Pakistan
Imagine the English principal of a famous college on the North West Frontier, a place built by the British and founded by Christians. Inject a few nightmares – Taliban bombs, suicide attacks, the daily slaughter of civilians and children, and bloody US drone attacks on the surrounding countryside –... Read more
LNG power plants: CDWP clears two projects at revised cost of Rs191b
Islamabad: The government on Monday cleared two LNG-fired power plants at a revised cost of Rs191 billion without seeking permission from the Council of Common Interests (CCI), which could trigger a row between the federation and the provinces. The Central Development Working Party (CDWP) recommended for approval the 2,400MW projects... Read more
SC issues detailed verdict in Mumtaz Qadri death penalty case
Islamabad: The Supreme Court has regretted that by raising arguments on the merit of the case and the sentence already confirmed, an attempt was made to re-argue the entire case on a review petition by the counsel representing Malik Mohammad Mumtaz Qadri, an Elite Force commando who had assassinated... Read more
One in three Pakistanis lacks access to adequately nutritious food
Islamabad: The National Economic Council has admitted that “one in every three Pakistanis still does not have regular and assured access to sufficient nutritious food”. In its annual report for the financial year 2013-14, recently presented before the National Assembly by Finance Minister Ishaq Dar, the council blamed the... Read more
Karachi operation will continue till its logical end: Major General Bilal
Karachi: The head of the paramilitary Rangers in Sindh has assured businessmen that the operation against criminals in Karachi will continue until all objectives are achieved. “The Karachi operation will continue till its logical end,” said Rangers Sindh Director-General Maj Gen Bilal Akbar on Monday. He was speaking to a... Read more
Statistics for 2014-15: Credit to private sector shrinks to 13% of GDP
Karachi: Banking statistics show the amount of loans extended by commercial banks to the private sector is shrinking. In fact, its quantum as a percentage of the gross domestic product (GDP) has shrunk by more than half: from 27% in 2007-08, commercial banks’ credit to the private sector fell to... Read more