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July 16, 2018 12:00 AM Court dismisses criminal case against founder of UAE’s Abraaj

SHARJAH/DUBAI: A United Arab Emirates court on Sunday dismissed a criminal case against the founder of private equity firm Abraaj, Arif Naqvi, and another executive for issuing a cheque without sufficient funds, after the claimant dropped the complaint. The dismissal of the case provides breathing room for Naqvi as Dubai-based Abraaj tries to sell its investment

July 14, 2018 12:00 AM My first aim is construction of dams, second paying country’s debt: CJP

ISLAMABAD: The Chief Justice of Pakistan (CJP), Mian Saqib Nisar, has said he has two aims in his life and he will continue working on them regardless of whether he remains in office or retires, saying his first aim is the construction of dams and the second aim is to pay off the country's debt. The two-member bench of the apex court on Friday conducted 3

July 11, 2018 12:39 PM China rejects Pakistan’s debt risk affects CPEC

BEIJING: China has rejected the reports that Pakistan’s foreign exchanges reserves are in short and would affect China-Pakistan Economic Corridor, which is the flagship project of Belt and Road Initiative proposed by Chinese President Xi Jinping in 2013. Chinese Foreign Ministry spokesperson Hua Chunying said on Wednesday, The Western media reports that Pakistan's 7

July 6, 2018 12:00 AM Sierra Leone ex-VP, ex-minister charged with corruption

FREETOWN: Sierra Leone’s former Vice President Victor Foh and former Mines Minister Minkailu Mansaray were arrested on Thursday on corruption charges, the head of the West African country´s anti-corruption commission said. A separate commission appointed by President Julius Maada Bio alleged on Wednesday that corruption was “rampant” under his predecessor

June 30, 2018 11:16 AM Consensus developed to build two new dams in Pakistan: CJ

Chief Justice of Pakistan Mian Saqib Nisar on Saturday said consensus have been reached to start work on building two new dams without any delay. He said this while hearing a loan write-off case , a day after he held a discussion about new dams with experts. The chief justice said following his meeting with the experts and several stakeholders, consensus 2

June 24, 2018 12:00 AM Measures proposed to reduce pending audit cases

KARACHI: Federal Board of Revenue (FBR) was urged to speed up settlement of audit cases that piled up to more than one million. Pakistan Tax Bar Association (PTBA), in a letter to FBR Chairman Tariq Mahmood Pasha, stressed the need for disposal of cases automatically selected for audit under Section 214D of the Income Tax Ordinance 2001 for tax years 2

June 9, 2018 12:00 AM Loadshedding: Imran asks Mulk to point finger at culprit

ISLAMABAD: PTI Chairman Imran Khan on Friday wrote to the caretaker Prime Minister Justice (retd) Nasirul Mulk to take the nation into confidence on who was responsible for the ongoing power crisis in the country. “I have pointed out to the caretaker PM that it is his government’s responsibility to take the nation into confidence & inform them who is responsible 3

June 9, 2018 12:00 AM Circular debt stands at Rs1,004 billion

ISLAMABAD: Pakistan’s circular debt, including loans and liabilities of power sector, stood at Rs1,004 billion as of May 31, 2018 -- the last day of the PML-N government. The volume of circular debt may further grow on account of the holy month of the Ramazan as electricity supply has been ensured to consumers of loss making feeders at Iftar and Sehr times 3

June 1, 2018 12:00 AM End of PML-N tenure: Imran announces day of gratitude

ISLAMABAD: Hours before the PML-N government bowed out, Pakistan Teheek-e-Insaf Chairman Imran Khan Thursday, in a message to the nation, urged that the citizens should offer prayers of gratitude at the end of the incumbent government's tenure. In a video message, Imran said the country never had had so incompetent and corrupt government in its history 1

June 1, 2018 12:00 AM MMA to announce manifesto on June 5: Fazl

KARACHI: Maulana Fazlur Rehman on Thursday said that the manifesto of the Muttahida Majlis-e-Amal (MMA) will be announced on June 5 in Islamabad, local media reported. Addressing a press conference in Karachi after meeting of Muttahida Majlis-e-Amal, Fazlur Rehman said that MMA aims to root out politics of corruption from the country. Fazlur Rehman said that Pakistan’s