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December 9, 2018 1:28 PM Pakistani expats contribute Rs1 billion for dams fund: SBP

ISLAMABAD: The overseas Pakistanis have so far contributed around Rs.1 billion to 'The Supreme Court of Pakistan and the Prime Minister of Pakistan Diamer-Bhasha and Mohmand Dams Fund', State Bank of Pakistan (SBP) data reveals. According to the SBP, as of December 06, around Rs 8.46 billion have so far been deposited by the local as well as expatriate

December 9, 2018 12:00 AM NICL scandal: Seven-year-jail each for ex-chief, five others

KARACHI: An accountability court on Saturday announced its verdict in the NICL mega land scam case and sentenced six, including former chairman Ayaz Khan Niazi, to seven years each in jail. The court also barred the six convicts from holding any public office for 10 years each. The scandal pertains to financial embezzlement by former chairman National

December 5, 2018 12:00 AM Swiss firms keen to invest in Pakistan

ISLAMABAD: Swiss companies are exploring Pakistan for partnerships and investment, as they consider the country a potential market for business activities, a diplomat said on Tuesday. Bernhard Furger, deputy head of mission, Switzerland Embassy said he wanted to bring more Swiss companies to Pakistan so that they could see the real potential and explore 2

December 5, 2018 12:00 AM REITs regulatory framework revamped

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has revamped the regulatory framework by introducing significant amendments to the Real Estate Investment Trusts Regulations, 2015, a statement said on Tuesday. The amendments are aimed at providing more conducive regulatory environment for the establishment of formal real estate sector 2

December 4, 2018 12:00 AM Govt attracts Moroccan investment in tourism sector

ISLAMABAD: Minister for Planning, Development and Reform Khusro Bakhtyar on Monday invited Moroccan investors to invest in Pakistan’s tourism sector in partnership with local companies. “Moroccan investors in collaboration with local companies can invest in Pakistan’s tourism sector especially in northern areas, which will give boost to tourism industry 2

December 4, 2018 12:00 AM Pakistan Refinery transfers Shell’s 29pc stake to PSO

KARACHI: Pakistan Refinery Limited (PRL) on Monday announced the transfer of around 29 percent of its shares held by British Shell to Pakistan State Oil (PSO), more than doubling the total shareholding of the leading state-owned oil marketing firm in the refinery. Total 84 million class-B shares of Shell Petroleum Company Limited, United Kingdom in Pakistan 1

December 3, 2018 11:21 AM Fact check: Aleema Khan does not have a Twitter account

Aleema Khanum, sister of Prime Minister Imran Khan who has been under hot waters recently due to an alleged corruption case, reportedly does not have any social media account, clarified the official Twitter handle of Namal College. The accounts @akn58 and @Aleema_KhanPTI are being reported as fake accounts in a tweet by official twitter account of Namal 2

December 2, 2018 12:00 AM Microsoft’s market value overtakes Apple

SAN FRANCISCO: Microsoft Corp’s stock market value closed above Apple Inc’s for the first time in eight years, as the Windows maker benefited from growth in cloud computing, while Apple was hit by investor concern about iPhone demand, Reuters reported. Shares of Microsoft rose 0.6 percent to end the week at $110.89, putting its market capitalization

November 30, 2018 12:00 AM Remand of Fawad, Cheema extended

LAHORE: An accountability court on Thursday extended judicial remand of Fawad Hassan Fawad, former principal secretary to former prime minister and former DG LDA Ahad Khan Cheema, accused in Ashiana Housing scam. The court has extended judicial remand of both the accused by December 13. The NAB had arrested Fawad on charges of misusing his authority 3

November 25, 2018 3:05 PM Rs 7.97 billion collected for CJP-PM dam fund so far

ISLAMABAD: The Pakistanis from the country as well as from across the world have donated Rs 7.97 billion so far for the Prime Minister and Chief Justice of Pakistan Diamir Bhasha and Mohmand Dam Fund. The countrywide contribution to the fund stood at Rs 7.09 billion while the remaining Rs 880.23 million were contributed by the expatriate Pakistanis 4