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September 25, 2018 12:00 AM Japanese apparel firm plans outsourcing from Pakistan

KARACHI: A world famous apparel brand Uniqlo plans to outsource textile garments from three Pakistani companies for its more than 3,000 outlets worldwide, people familiar with the matter said on Monday. Uniqlo Inc – a subsidiary of Japanese retail holding company Fast Retailing Inc. – has planned joint venture with three local companies, which would

September 25, 2018 12:00 AM Al-Azizia reference: Nawaz gets three-day exemption from appearance in AC

ISLAMABAD: Former prime minister Nawaz Sharif Monday got three-day exemption from the Accountability Court-II from appearance in Al-Azizia Steel and Hill Metal Establishment reference on account of Kulsoom Nawaz’s death. Nawaz’s counsel Khawaja Haris moved an application to Judge Mohammad Arshad Malik seeking five-day exemption from personal appearance

September 24, 2018 12:00 AM NCA acted on FIA claim Junejo laundered Rs180-250m from Pakistan

LONDON: Pakistan’s Federal Investigation (FIA) got former government official Farhan Junejo arrested by the National Crime Agency (NCA) on the basis of claims that the former aide of Makhdoom Amin Faheem allegedly laundered around Rs180 to Rs250 million out of Pakistani into his overseas accounts through “corruption and corrupt practices”. The News has obtained

September 23, 2018 12:00 AM Alcohol responsible for one in 20 deaths worldwide: WHO

GENEVA: Alcohol kills three million people worldwide each year — more than AIDS, violence and road accidents combined, the World Health Organization said Friday, adding that men are particularly at risk. The UN health agency’s latest report on alcohol and health pointed out that alcohol causes more than one in 20 deaths globally each year, including 1

September 20, 2018 12:00 AM Karak district nazim, deputy lock horns over budget

KARAK: District Nazim Dr Umar Daraz failed to present the annual budget for the fiscal year 2018-19 in the district council due to differences between him and Naib Nazim Major (r) Sajjad Barakwal. The funds of the last two annual budgets are still pending with the provincial government which has affected the working of the departments. When contacted 7

September 18, 2018 12:00 AM Russian ‘FB’ bans Myanmar army chief, hardline monk

YANGON: Russian social media site VKontakte (VK) has followed Facebook by banning Myanmar’s army chief and a nationalist monk known for stirring up Islamophobia in a country condemned globally for the treatment of its Rohingya Muslims. Facebook blacklisted Senior General Min Aung Hlaing and other top military brass three weeks ago after a damning report

September 18, 2018 12:00 AM OICCI proposes steps to increase tax revenue

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) has proposed certain measures to broaden the tax base and increase revenue collection. In a letter dated September 10, 2018 to Federal Board of Revenue (FBR) Chairman Jahanzaib Khan, the OICCI suggested that the board reviews 2016 Tax Reforms Commission (TRC) recommendations and implement 3

September 16, 2018 12:00 AM Advance payments for life saving drugs’ import allowed

KARACHI: The State Bank of Pakistan (SBP) has decided to allow imports on open account basis and advance payment up to $50,000 or equivalent per invoice for import of life saving medicines and devices, a circular said the other day. However, the limit for imports against advance payment or on open account basis for essential medicines and devices would 4

September 12, 2018 1:07 AM Pompeo said US won’t block Pakistan plea for IMF bailout: Fawad

ISLAMABAD: US Secre­tary of State Mike Pompeo assured Pakistan last week Washington would not try to block any request for a bailout from the International Monetary Fund (IMF), Information Minister Fawad Chaudhry said on Tuesday. The remarks, which the minister said Mr Pompeo made during his visit to Pakistan on Wednesday, came in stark contrast to the US secretary’s

September 11, 2018 9:05 AM Pakistanis being denied entry to Bahrain: report

A number of Pakistanis on social media have complained that they are being denied entry to Bahrain. According to a report Published in Gulf Daily News, Bahrain authorities have placed a temporary ban on Pakistanis entering the Kingdom. According to newspaper, an official of a local company said they have faced an issue with visa requests for Pakistanis