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January 20, 2018 12:00 AM Hinopak Motors earns profit

KARACHI: Hinopak Motors Limited earned a net profit of Rs191.324 million for the quarter ended December 31, 2017, which is 135 percent lower than the profit of Rs449.328 million during the same period of the last year, a statement said on Friday. The earnings / share (EPS) clocked in at Rs15.43 for the quarter under review as against EPS of Rs36.123 during

January 18, 2018 12:00 AM State Bank launches systemic risk survey

KARACHI: The State Bank of Pakistan (SBP) has rolled out a Systemic Risk Survey (SRS) to gauge the views of market participants and experts about various existing and emerging risks that can undermine the stability of the financial system. The SBP launched the survey to augment the assessment of key risks and vulnerabilities that are regularly reported 4

January 12, 2018 12:00 AM Interior ministry asked to review decision on INGOs’ registration issue

ISLAMABAD: World Vision International (WVI-P), an International Non-Governmental Organisation (INGO) working in Pakistan, said on Thursday that they had approached Ministry of Interior to revisit/review their earlier decision on registration issue and waiting for their reply. In a statement issued here, they stated, “It is intimated that World Vision 16

January 11, 2018 12:00 AM Navy to defend Pak maritime interests: Admiral Abbasi

ISLAMABAD: Chief of the Naval Staff Admiral Zafar Mahmood Abbasi has reiterated Pakistan Navy’s unflinching resolve to ensure seaward defence of vital maritime infrastructure and protection of the maritime interests of Pakistan against all threats and challenges at all cost. He was addressing the Command and Staff Conference of Pakistan Navy, which concluded

January 4, 2018 12:00 AM US should stop blaming others for its mistakes, says Maleeha Lodhi

UNITED NATIONS: A top Pakistani diplomat Tuesday set the record straight after US Ambassador to the UN Nikki Haley’s incendiary remarks about Pakistan’s role in the war on terrorism, saying Islamabad’s cooperation with Washington was not based on any aid consideration, but “on our national interests and principles.” “We can review our cooperation if it is not appreciated 1

January 2, 2018 6:41 PM US official confirms withholding $225 million aid to Pakistan

WASHINGTON: The United States did not plan to send an already-delayed $255 million in aid to Pakistan “at this time”, a US National Security Official said. According to Reuters, a US National Security Council official on Monday said the White House did not plan to send an already-delayed $255 million in aid to Pakistan “at this time” and that “the administration 6

January 2, 2018 12:00 AM CPI inflation up 4.57 percent in December 2017

ISLAMABAD: The consumer price index (CPI) on year-on-year basis during December 2017 witnessed an increase of 4.57 percent as compared to the same month of the previous year, an official said on Monday. On month-on-month basis, inflation witnessed negative growth of 0.10 percent in December 2017 as compared to November 2017, said Attiq-ur-Rehman, director 7

December 24, 2017 12:00 AM Lightning Boult destroys West Indies

CHRISTCHURCH, New Zea-land: A career best seven for 34 by Trent Boult destroyed the West Indies as New Zealand wrapped up their One-Day International series with a game to spare in Christchurch on Saturday. Boult had three for six after his first three overs as the West Indies fell apart at the start of their innings after being set an imposing 326-run target 1

December 20, 2017 12:00 AM Tareen to challenge his disqualification

ISLAMABAD: Pakistan Tehreek-e-Inasaf (PTI) leader Jehangir Tareen will file a review petition against the Supreme Court verdict, disqualifying him for non-declaration of his assets, the London property in his nomination papers. A close aide of Tareen Tuesday confirmed to The News that a review petition would be filed shortly in the Supreme Court. As per Article 1

December 19, 2017 12:00 AM NAB to seek review of Hudaibiya verdict

A three-member bench of the apex court headed by Justice Mushir Alam dismissed the appeal of NAB on December 15 in a short order with majority decision, ruling that reasons to be recorded later on. “We are waiting for detailed reasons of the apex court in our appeal dismissed last week,” Imranul Haq, NAB Deputy Prosecutor, told The News on Monday. He said that they will go through 7