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May 19, 2018 12:00 AM EU launches measures to protect European business in Iran

BRUSSELS: The European Commission said on Friday it had started the process of renewing a sanctions-blocking measure to protect European businesses in Iran, after the United States pulled out of the Iran nuclear accord and reimposed sanctions on Tehran. The Commission said in a statement it had "launched the formal process to activate the Blocking Statute 1

May 18, 2018 12:00 AM Bank officer remanded in fraud case

LAHORE: An accountability court Thursday granted 11 days physical remand of a Vice-President, Foreign Exchange Department of National Bank of Pakistan Usman Saeed, an accused arrested by the NAB on the charges of embezzling billions of rupees. As per NAB, the bureau had been digging into the embezzlements worth billions of rupees allegedly being committed 1

May 13, 2018 7:21 PM NSC to discuss ‘misleading’ statement on Mumbai attacks: ISPR

ISLAMABAD: Pakistan army chief spokesman Maj-Gen Asif Ghafoor says a meeting of National Security Committee has been suggested to Prime Minister Shahid Khaqan Abbasi to discuss recent “misleading statement regarding Mumbai incident.” In a Twitter statement on Sunday, DG ISPR Asif Ghafoor said that the meeting would be held on Monday. The statement comes 1

May 13, 2018 4:03 PM Nawaz Sharif has endorsed Narendra Modi's narrative: Sherry Rehman

ISLAMABAD: Former prime minister Nawaz Sharif and PML-N founder Nawaz Sharif has endorsed the anti-Pakistan narrative of Indian Prime Minister Narendra Modi due to his controversial statement about the Mumbai terror attacks, said Senator Sherry Rehman on Sunday. “Questions are being raised about Pakistan at the international level owing to Nawaz Sharif’s 2

May 13, 2018 12:00 AM ICST believes US sanctions on Iran not to hurt Pakistan

Islamabad: the Islamabad Chamber of Small Traders (ICST) on Saturday said US sanctions on Iran will not hurt Pakistan substantially due to a small volume of bilateral trade. However, it has raised questions about plans to import gas from Iran through a pipeline and boost bilateral trade to five billion dollars by 2012, it said. The decision was taken 1

May 11, 2018 12:00 AM Mahathir says will get back missing 1MDB funds

KUALA LUMPUR: Malaysian Prime Minister Mahathir Mohamad said that he will try to make the ringgit currency as steady as possible, and return billions of dollars lost in a graft scandal at state fund 1Malaysia Development Berhad (1MDB). “We believe that we can get most of the 1MDB money back . . . we have to increase the confidence of investors in the administration 1

May 10, 2018 12:00 AM China moves to rope in its tech ‘unicorns’

Shanghai: Having lost the likes of Alibaba and Baidu to Wall Street, China is hatching a plan to woo them back and make sure it keeps a new generation of technology titans closer to home as it battles the US for supremacy in the sector. New share offerings worth tens of billions of dollars are in the pipeline for 2018, setting it up as a blockbuster 1

May 9, 2018 12:00 AM NAB chairman orders complaint verification against Naheed, Safdar

ISLAMABAD: Chairman National Accountability Bureau (NAB) Justice (R) Javed Iqbal has ordered complaint verification against close aides of Benazir Bhutto -- Naheed Khan and Dr Safdar Abbasi -- as well as Muazzam Ali Abbasi and Munawar Ali Abbasi for allegedly establishing private housing schemes on the government land and accumulating assets beyond known 6

May 4, 2018 12:00 AM Amazon makes bid to spoil Walmart-Flipkart deal

BENGALURU/MUMBAI: Inc has made a formal offer to buy 60 percent of Flipkart , CNBC-TV18 reported on Wednesday, potentially complicating Walmart Inc´s bid for majority ownership of the Indian online retailer. The news underscores how Amazon is focused on winning India´s fledgling e-commerce market, and the offer could be a ploy to block Walmart 3

April 30, 2018 12:00 AM Ignoring India’s N-track record, ambitions

There have been a plethora of reports in the media about Pakistan's nuclear programme while mostly ignoring India's. Director of National Intelligence Dan Coats told US lawmakers during a Congressional hearing on worldwide threats organised by the Senate Select Committee on Intelligence that Pakistan was developing new types of nuclear weapons, including 10