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March 18, 2018 12:00 AM S Africa credit downgrade may do less damage than feared

LONDON: South Africa will learn soon whether Cyril Ramaphosa´s first month as president has saved the country's last remaining investment grade rating, but even if it hasn´t, a broader rise in optimism should limit the damage. Moody´s, with a downgrade review on South Africa since last November, is to make a decision by March 23. A cut to junk - following

March 18, 2018 12:00 AM ‘Clash with institutions not in country’s interest’

TAKHT BHAI: Pakistan People’s Party (PPP) provincial president Humayun Khan on Saturday said that clash of the Pakistan Muslim League-Nawaz (PML-N) leadership with the institutions was harmful for the integrity of the country. Addressing a press conference at the Takht Bhai Press Club, he said that Nawaz Sharif had always hatched conspiracies against

March 18, 2018 12:00 AM J&K becomes top agenda item in UNHCR policy statement

ISLAMABAD: Jammu and Kashmir has become a top agenda item in the policy statement of the UN high commissioner of Human Rights (UNHCR) in its Geneva Headquarters as it happened for the first time in the history of the commission. The UNHRC has included Kashmir in the list of other urgent international conflicts, like Syria. The human rights activist Ahmad

March 18, 2018 12:00 AM News of FTA with China creates stir in Pak local industry

ISLAMABAD: The news that Pakistan is all set to finalise modalities for extending Free Trade Agreement (FTA) with China by March 2018 has raised alarm bells in local industry. To assuage their fears Adviser to Prime Minister on Finance Affairs Miftah Ismail along with senior government officials met with the representatives of local industries on 15th March

March 17, 2018 2:57 PM Khyber Paktunkhwa seeks Punjab govt help to moderenize CTD

Lahore: Government of Khyber Pakhtunkhwa has sought help from Punjab to enhance its skills to combat terrorism . "Call Data Records Based Crime Analysis has been very effective in countering terrorism and investigation of crimes in Punjab," said a spokesman for the Punjab government on Saturday, adding that KP has asked Punjab for assistance in modernisation

March 17, 2018 12:00 AM People in Sindh do not support Imran Khan: Khuhro

SUKKUR: PPP Sindh President Nisar Ahmed Khuhro on Friday, while addressing the party’s public meeting in village Noorabad near Taluka Warrah in district Qambar-Shahdadkot, said the people of Sindh do not support Imran Khan because he supported dictator Musharraf during referendum. Taking a jibe at Nawaz, he said that Nawaz Sharif would weep in prison

March 17, 2018 12:00 AM Dr Ikhtiar Baig elected Chairman Pak-UAE Business Council

KARACHI: President Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Ghazanfar Bilour has appointed leading industrialist Dr Mirza Ikhtiar Baig as Chairman of Pak-UAE Business Council for 2018. Pak-UAE Business Council comprises heads of the leading Pakistani and UAE companies. Dr Baig has been elected unopposed with all directors on the board 1

March 17, 2018 12:00 AM PIA’s hasty flight into privatisation

ISLAMABAD: A ‘push from the top’ and ‘hurry to sell Pakistan International Airlines (PIA) before 31st May’, the last day in government for the current PML-N set-up, has led to a feverish activity within the Privatisation Commission to the bafflement of official machinery, much of which remains not on board. The News has learnt that Federal Minister Danyal

March 17, 2018 12:00 AM Mujahid Anwar appointed new Chief of Air Staff

ISLAMABAD: The government with the approval of the prime minister has designated Air Marshal Mujahid Anwar Khan as the new Chief of the Air Staff, Pakistan Air Force, with effect from March 19. Air Marshal Mujahid Anwar Khan, presently Deputy Chief of the Air Staff, has superseded another decorated officer Vice Chief of the Air Staff Air Marshal Farooq

March 17, 2018 12:00 AM Power sector receivables doubled during present regime

ISLAMABAD: The outstanding power sector receivables has ballooned and almost doubled in last five years of PML-N led regime as it stood at Rs411 billion in fiscal 2013 to Rs720 billion now in fiscal year 2017-18, official documents showed. It shows inability of the government to recover its receivables and by doing so the cash bleeding power sector can actually 1