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January 4, 2019 12:00 AM GDA to initiate new projects in Galiyat

ABBOTTABAD: The Galiyat Development Authority (GDA) is initiating new schemes and development projects in the Galiyat region. Ahsan Hameed, the focal person for the GDA, said new projects would be launched to improve the service delivery, beautification of the areas and promotion of tourism. The projects include water supply schemes for Thandiyani, Changlagali 2

December 28, 2018 12:00 AM Hubco plans rise in coal project’s stake

KARACHI: Hub Power Company Limited (Hubco) is mulling to almost double its stake in an estimated two billion dollars of imported coal-run power project, touted as the biggest one in the China-Pakistan Economic Corridor (CPEC) initiative. “Hubco now intends to increase its shareholding in China Power Hub Power Generation Company (Pvt) Limited (CPHGC) 9

December 24, 2018 2:03 AM Thick fog blankets Punjab cities

LAHORE: The cold wave intensified in the plains of Punjab and Sindh on Sunday after thick fog blanketed Lahore and some other cities, bringing down day temperatures. Nights have been chilly in the plains so far, but sunshine and higher temperatures provided relief after the chilly nights. However, there was no sunshine till noon in Lahore and adjoining 7

December 19, 2018 12:00 AM Rickshaw union protests against hike in LPG prices in Lahore

LAHORE: Awami Rickshaw Union staging a sit-in outside the NAB office here on Tuesday protested against the rise in LPG prices and demanded the authorities concerned unearth the mafia involved and take action against them. As the sit-in continued for quite some time, a traffic mess was observed on different roads connecting the protest venue. The demonstrators 5

December 17, 2018 12:00 AM Bomb kills eight in Syria

BEIRUT: A car bomb killed at least eight people including four civilians near a pro-Turkey rebel post in the northern Syrian city of Afrin on Sunday, a British-based war monitor said. The Syrian Observatory for Human Rights said it was not clear who was behind the blast in the city, which was seized from Kurdish forces earlier this year. The explosion 8

December 6, 2018 11:24 PM Fawad urges Britain to work with Pakistan against money-laundering

LONDON: Minister for Information Fawad Chaudhry on Thursday met British parliamentarians in London, saying that PTI government is committed to ensuring the supremacy of law and wants to rid people of poverty. During a visit to the UK parliament, Fawad Chaudhry urged the United Kingdom to work in collaboration with Pakistan to eliminate money-laundering 4

November 27, 2018 12:00 AM Byco’s profit falls 76pc in Q1

KARACHI: Byco Petroleum (Byco) on Monday reported a 76 percent fall in its profit to Rs240.984 million for the first quarter ended September, translating into earnings per share (EPS) of Re0.05, a bourse filing said on Monday. Byco earned Rs1.018 billion with EPS of Re0.19 in the corresponding period a year earlier. The company didn’t announce any dividend 11

November 26, 2018 12:00 AM Water crisis can be a big threat to Pakistan’s economy: WEF

ISLAMABAD: Pakistan’s economy can face big challenges in the coming decade due to several looming risks, with water crisis being a primary threat among others, according to the World Economic Forum, Geo News reported. The World Economic Forum has recently published a report named ‘regional risks for doing business’, which has listed imminent risks to the South 11

November 24, 2018 6:15 PM Imran’s initiative for temporary homeless shelters lauded by people

LAHORE: Prime Minister Imran Khan’s initiative to provide temporary shelters to homeless is being highly appreciated by the people of Pakistan. Prime Minister said on Saturday that tents are being set up in Lahore as temporary shelters for the homeless sleeping on the footpath of the provincial capital. One social media user wrote, “#PrimeMinister Imran 14

November 23, 2018 12:00 AM Forex reserves rise to $14.722bln

KARACHI: Pakistan's foreign exchange reserves increased to $14.722 billion after it received $1 billion from Saudi Arabia under financial support package, the central bank said on Thursday. "The SBP received $1,000 million on November 19 as placements of funds by Saudi Arabia after which the SBP's reserves stood at $8.293 billion and the country’s total 7