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October 15, 2018 12:00 AM US wants ‘regime change’ in Iran: Rouhani

TEHRAN: The United States is seeking "regime change" in Iran, President Hassan Rouhani said on Sunday, adding that the current US administration is the most hostile that the Islamic Republic has faced in its four decades. Tensions have increased between Iran and America after United States President Donald Trump withdrew from a multi-lateral agreement 1

October 10, 2018 12:00 AM LCCI slams rupee devaluation

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to direct Ministry of Finance and State Bank of Pakistan to immediately intervene in the matter of rupee devaluation, as it is bound to hit all the sectors of the economy hard, a statement said on Tuesday. LCCI President Almas Hyder said that the government should start

October 7, 2018 1:09 PM Sacked PVT workers detained over protest outside PM’s Lahore residence

LAHORE: Police rounded up sacked workers of Punjab Vocational Training for protesting in front of Prime Minister Imran Khan’s Lahore residence. The protest was held as Prime Minister Khan arrived in Lahore on a day-long visit. According to Geo, dismissed staff of the Punjab Vocational Training were demonstrating ahead of the premier's arrival in the city. On the other 3

October 6, 2018 12:00 AM ADB to expand partnership with Pakistan

ISLAMABAD: The Asian Development Bank (ADB) is committed to expanding partnership with Pakistan. Finance Minister Asad Umar received the visiting Asian Development Bank (ADB)’s Vice President, Wencai Zhang, for a meeting here. They had a brief review of the ongoing and prospective ADB assisted projects in Pakistan. The finance minister, on the occasion 1

October 5, 2018 5:42 PM CNG price likely to go up by Rs 22 per kg in Sindh

KARACHI: A day after Oil and Gas Regulatory Authority (OGRA) notified increase in gas tariff, the CNG stations' owner have decided to hike the prices by Rs 22 per kg from tomorrow (Saturday). With this massive jump in the prices, the Compressed Natural Gas will be retailed at Rs 104 per kg in Sindh province. the government has increased the rates for the CNG sector 1

October 4, 2018 12:00 AM Stocks led lower by weak auto shares

KARACHI: Stocks continued to fall for the third consecutive session on Wednesday, as blue-chip auto shares took a hit on government decision to bar non-filers from buying vehicles, dealers said. Analyst Ahsan Mehanti from Arif Habib Corporations said, “Bearish activity was witnessed at PSX after NA passed the Finance (Amendment) Bill restricting non-filers 3

September 28, 2018 12:00 AM UK delegates meet Punjab CS

LAHORE: Punjab Chief Secretary Akbar Durrani held a meeting with a delegation of the Justice System Support Programme led by British High Commission’s Rule of Law head Susan Lough at Civil Secretariat here on Thursday. Collaboration in the fields of provision of justice, rule of law and other sectors was discussed in the meeting. The chief secretary

September 21, 2018 12:00 AM Food department imposes Rs127,500 fine on 31 outlets in capital

ISLAMABAD: The Islamabad Capital Territory (ICT) administration’s food department has imposed Rs127,500 fine during its week-long raids and inspection visits of various restaurants, milk shops, ‘tandors’ and eateries in various sectors of the city. The ICT food and health teams overall carried out 31 inspections of food outlets and imposed fines as per the law on hotels 6

September 21, 2018 12:00 AM Pakistanis lose $4.5 billion/year in net income on patchy electricity access: WB

KARACHI: Pakistani households lose an immense $4.5 billion or 1.7 percent of GDP in net income every year due to the lack of reliable access to electricity, the World Bank said, underscoring the need of energy sector reforms to address inefficiencies. “This estimate is likely to grossly understate the actual loss, because it does not capture the impact 9

September 20, 2018 12:00 AM Jang Economic Session: Good governance linked to effective accountability, political stability

LAHORE: Good governance and improvement in other sectors could not be achieved without effective coordination between the institutions and people. Revolution is required for socio economic growth. These views were expressed by the experts at Jang Economic Session on ‘how to ensure good governance for economic growth’. The panellists were Ansar Javeed 7