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January 15, 2019 1:44 AM ‘Launching new airline easier than reviving PIA’

FAISALABAD: PIA Chairman Air Marshal Arshad Mahmood Malik says short-term and long-term plans are in the works to revive the airline. Addressing members of the Faisalabad Chamber of Commerce and Industry here on Monday, he said revival was a daunting task as compared to launching a new airline. The chairman said getting rid of seven loss-making routes 1

January 15, 2019 12:00 AM TPL Properties, Equitativa sign MoU

KARACHI: TPL Properties has signed a memorandum of understanding (MoU) with Equitativa, the largest Real Estate Investment Trust (REIT) manager in the GCC and manager of Emirates REIT, to form a REIT Management Company (RMC) in Pakistan, a statement said on Monday. Together, Equitativa and TPL Properties will launch real estate investment trusts for the first

January 15, 2019 12:00 AM GST waiver on tractors urged

LAHORE: Farmer body has asked the government to waive general sales tax (GST) on locally-made tractors and implements, a statement said on Monday. Khalid Mahmood Khokhar, president of the Pakistan Kissan lttehad (PKI) said that agriculture sector, being the backbone of Pakistan's economy, contributes approximately 24 percent to GDP. However, presently

January 6, 2019 12:00 AM Remuneration for withholding agents mulled

KARACHI: Government is mulling a remuneration system for withholding tax agents to encourage them to increase collection, as it faces a daunting challenge to achieve the revenue target of Rs4.435 trillion for the current fiscal year of 2018/19, sources said on Saturday. The sources in the finance ministry said the present government realises the ground 1

January 5, 2019 12:00 AM Nepra takes notice of unscheduled loadshedding

ISLMABAD: National Electric Power Regulatory Authority (Nepra) has taken a serious notice on unscheduled loadshedding being carried out in different parts of the county during the last couple of days. In this regard, Nepra has sought detailed report/reasons from NTDC about unscheduled loadshedding, which has been started during the last few days, due to which

December 30, 2018 12:00 AM Democracy can’t function without opposition: Nisar

ISLAMABAD: Former interior minister Chaudhry Nisar Ali Khan Saturday raised questions over the transparency of ongoing accountability process, saying that a democratic system could not function without the opposition.”I am not against the ongoing accountability process but it’s not transparent. If the reservations are not addressed it will be plain and simple 2

December 26, 2018 3:56 AM Qureshi in Moscow: Pakistan, Russia agree to continue efforts for Afghan reconciliation process

Foreign Minister Shah Mahmood Qureshi on Wednesday held a meeting with his Russian counterpart Sergey Lavrov on his trip to Moscow, his last stop on a whirlwind four-nation tour. The ministers held in-depth talks on various bilateral and regional issues, including recent developments concerning the Afghan peace process. The two sides "agreed to continue 15

December 21, 2018 12:00 AM ‘Private SEZs to be treated like state-owned’

“We have so far received nine applications from private sector to set up private SEZs in different cities of Punjab, which are being considered for further approval,” a senior Board of Investment (BoI) official said while talking to Associated Press of Pakistan (APP). The official said the BoI was working on 100 days’ reforms agenda with a deadline of January 7

December 18, 2018 4:34 PM Erdogan welcomes Chief Justice of Pakistan to the city of Rumi

KONYA: Chief Justice of Pakistan, Mr. Justice Mian Saqib Nisar, called on the Turkish President Recep Tayyip Erdogan in Konya, Turkey on Monday evening. During the meeting, the Chief Justice highlighted the special love and affection between the people of Pakistan and Turkey. President Erdogan also expressed his warm sentiments for the people of Pakistan 7

December 18, 2018 2:20 PM British Airways to resume Pakistan flights in June

ISLAMABAD: The British Airways is resuming its flight operations in Pakistan from June next year ten years after suspending them in the wake of an attack on Marriott Hotel Islamabad. British High Commissioner Thomas Drew on Tuesday posted a video on Twitter to make the announcement in Urdu language. "I am glad that British Airways in resuming its flights 5