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Private sector borrowing: Appetite for credit remains subdued
KARACHI: The appetite of the country’s private sector for credit remained subdued for the most part of the outgoing fiscal year relative to 2013-14, according to the Economic Survey of Pakistan....
View ArticleEconomic survey: Riddled with typos and errors
KARACHI: Is it too much to expect a clean, clear and typo-free document from the Ministry of Finance, which prides itself on hiring some of the best bureaucratic minds of the country? Well, it seems...
View ArticleReady in two minutes: Following controversy, Nestle takes Maggi noodles off...
NEW DELHI, INDIA: Nestle India on Friday announced it was withdrawing all of its’ Maggie instant noodles packets amid growing criticism about the safety of the product. MAGGI Noodles are safe but due...
View ArticleDon’t brag: Ill-timed selfie by ISIS militant helps US trace, bomb hideout
The US Armed Forces used social media to track down one of the key Islamic State in Iraq and Syria (ISIS) headquarters after an ‘over-zealous’ militant posted a selfie on his account. Following the...
View ArticlePakistan urges UNSC to resolve Palestine issue
NEW YORK: Pakistan on Friday urged the United Nations Security Council (UNSC) to resolve the Palestine issue through the creation of a viable, independent and contiguous State of Palestine, Radio...
View ArticlePakistan denies Saudi nuclear sale
WASHINGTON: Pakistan’s Foreign Secretary Aizaz Ahmad Chaudhry on Thursday hotly denied his country could sell Saudi Arabia an “off-the-shelf” nuclear weapon, after days of high-level talks in...
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Living with Parkinson’s: Replace canned fruits with fresh ones, advises Sidra...
KARACHI: Aga Khan University Hospital dietician Sidra Raza advised patients of Parkinson’s disease to consume fresh fruits instead of canned ones. She was addressing the monthly support group meeting,...
View ArticlePakistan bus attack points to growing IS influence
KARACHI: Investigators probing the first attack claimed in Pakistan by the Islamic State (IS) group believe a notorious local sectarian group may have carried out the massacre as it seeks to expand its...
View ArticleUS Defense Secretary working on plan to close Guantanamo prison
UNITED STATES: US Defense Secretary Ash Carter said on Friday he was working with the White House to prepare a proposal for Congress on closing the Guantanamo prison for terrorism suspects, a long-time...
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Big on aims, short of ideas
ISLAMABAD: In an announcement that contained no surprises and no major policy initiatives, the federal government unveiled on Friday a budget of Rs4,089 billion, which seemed aimed largely at...
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Defence spending to go up by 11%
ISLAMABAD: Pakistan announced on Friday an 11% hike in defence spending for the fiscal year starting July 1 keeping in view its ongoing fight against terrorism and the hostile stance adopted by arch...
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Rs238b in new taxes imposed to achieve revenue target
ISLAMABAD: In a bid to achieve what can at best be described as an ambitious tax collection target of Rs3,104 billion, the government has decided to raise new taxes worth Rs238 billion, in a set of...
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Rs700b set aside for development projects
ISLAMABAD: Amidst last-minute changes to accommodate Prime Minister Nawaz Sharif’s directions, the federal government has allocated Rs700 billion for the Public Sector Development Programme for fiscal...
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7.5% ad hoc allowance for govt servants
ISLAMABAD: Disregarding a longstanding demand of public servants for a hike in basic salary, the government has once again announced a 7.5% ad hoc allowance for them. This is the 6th year in a row...
View ArticleDeath toll in China cruise ship sinking rises to 331: report
JIANLI, CHINA: State media reported on Saturday that a total of 331 people have been confirmed as dead after rescuers lifted a Chinese cruise ship, that capsized in central China, out of the water....
View ArticleJF-17 programme a symbol of Pak-China friendship: China Aviation Industry
Chairman Aviation Industry Corporation of China (AVIC) Lin Zuoming assured his all-out support to enhance the capabilities of JF-17 aircraft, Radio Pakistan reported. Chief of Air Staff Marshal Sohail...
View ArticleWith Rs248b allocations, govt aims to end blackouts by 2017
ISLAMABAD: Finance Minister Ishaq Dar said on Friday the government had allocated Rs248 billion in the budget 2015-16 for completion of power projects to achieve its target of ending load-shedding by...
View ArticleEight injured as explosion derails Quetta bound train
JACOBABAD: An explosion on a Quetta bound train early Saturday morning left eight persons injured as four bogies of the Jaffar Express train derailed in Jacobabad, Express News reported. The explosion...
View ArticleCost of doing business: Budget fails to impress traders
ISLAMABAD: The traders here on Saturday, while expressing reservations on the fiscal budget 2015-16 said that the government had failed to come up with any tangible measures to help entrepreneurs...
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NAB board meeting: Inquiry authorised against ex-Balochistan minister
The executive board meeting of the National Accountability Board decided in favour of authorising five separate inquiries including against former provincial minister Ahsan Shah and former Evacuee...
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