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October 12, 2018 12:00 AM Justice Shaukat reacts to his removal

ISLAMABAD: After his removal from the Islamabad High Court (IHC) on the recommendations of the Supreme Judicial Council (SJC) on Thursday, Judge Shaukat Aziz Siddiqui has defended his speech and said he was expecting the decision. This is the first case of removal of a judge by the SJC after 1973 when Justice Shaukat Ali of Lahore High Court was removed 1

September 10, 2018 12:00 AM Diamer-Basha Dam: Funds to be collected in a year: PTI leader

ISLAMABAD: As overseas Pakistanis have assured support for the construction of Diamer-Bhasha dam, the Pakistan Tehreek-e-Insaf leadership is expecting the required funds to be collected in a year. While speaking on Geo News show Naya Pakistan, PTI leader Iftikhar Durrani said the target would be met if it is considered a challenge that Pakistanis can also achieve 1

September 5, 2018 2:08 AM Offline app to help prepare tax returns

ISLAMABAD: The Federal Board of Revenue (FBR) has launched an application enabling taxpayers to prepare income tax return and wealth statement without using the internet to resolve the connectivity issues they are often confronted with. An official statement issued that the application will help taxpayers to fill out returns in offline mode. The new government

September 1, 2018 12:00 AM Bruised bankers seek consolation prizes after shelved Aramco IPO

DUBAI/LONDON: Investment banks which lost out on big payouts for the work on the shelved listing of oil giant Aramco are lining up for a raft of other projects as Saudi Arabia pursues reforms. Banks including JPMorgan and Morgan Stanley worked for months to prepare what would have been the biggest ever stock market debut. But the plan to sell 5 percent 1

July 23, 2018 1:21 PM Pakistan elections 2018: What you need to know

Here are all the details you want to know about Pakistan Election 2018. The overview of general elections 2018 in Pakistan, arrays 272 contestable general seats. With a total of 39 seats in Khyber Pakhtunkhwa, the province stretches to 15,316,299 voters. Meanwhile, there are 141 seats in Punjab, 61 seats in Sindh and 16 seats in Baluchistan 19

July 17, 2018 12:00 AM Bank of America profit jumps

Bengaluru: Bank of America Corp reported a 36.3 percent jump in quarterly profit, helped by loan growth across its businesses, lower expenses and a smaller tax bill. Net income applicable to common shareholders rose to $6.47 billion in the second quarter, from $4.75 billion a year earlier. Earnings per share was 63 cents, up from 44 cents. Analysts on average 2

July 16, 2018 7:37 AM Pakistani rupee tumbles, SBP cites "market forces"

ISLAMABAD: The Pakistani rupee dropped sharply in early trade on Monday in what appeared to be another devaluation by the central bank, two market analysts said, the fourth such intervention since early December. The currency was trading at around 125/126 per dollar at 10.30 am local time (0530 GMT) after closing at 121.5 per dollar on Friday. "It looks 9

July 7, 2018 12:00 AM Simpson flirts with 59 on way to 61 and Greenbrier lead

WASHINGTON: Former US Open champion Webb Simpson shook off a weather delay to fire a career-best 61 Thursday, grabbing a one-shot lead over Kim Whee after the first round of the US PGA Tour Greenbrier Classic. Simpson was within striking distance of a 59 on the Old White TPC course in White Sulphur Springs, West Virginia, but admitted he tried not to think 6

June 26, 2018 12:00 AM Leisure Leagues National Football Championship from June 28

KARACHI: Leisure Leagues National Seven-a-side Football Championship, featuring eight teams from across Pakistan, will be held from June 28 to 30 here at Baloch Mujahid Stadium. The eight teams have earned places in the national finals after winning different tournaments and Leisure Leagues seasons after tough competitions.Sharof Football Club qualified 21

May 19, 2018 12:00 AM Tax relief to leave Rs5b negative impact on economy: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has assessed that different relief measures provided in the Finance Bill 2018 in shape of reduction in tax rate on fertilizer and others would have negative revenue impact of around Rs5 billion for next fiscal year 2018-19, The News has learnt. One top official of FBR told The News on Friday that the relief 16