Mian Attiq-ur-Rehman: A down-to-earth entrepreneur

A graduate from the University of Punjab and a business management degree holder from the Career Business College, Sydney (Australia), Mian Attiq-ur-Rehman is the chief executive officer of Pak Shalimar Carpets, one of the leading handmade carpet exporters of the country. This multi-million-dollar enterprise is exporting a variety of carpets to the United States, Australia, … Read more

SHC orders authorities to raze three more illegal projects

SHC

KARACHI: The Sindh High Court means business. It has been passing orders of demolition of illegally constructed buildings in the city on daily basis which has been causing a storm in the city, especially with the builder mafias. SHC’s incessant probe has brought to fore several multi-storied residential and commercial complexes that have been raised … Read more

Manzoor Ahmad takes charge as NTDC acting managing director

LAHORE: Engr Manzoor Ahmad has taken charge as the acting managing director of the National Transmission and Dispatch Company (NTDC), a statement said on Monday. During 36 years long career, Ahmad has served in NTDC in key positions, including deputy managing director (P&E), general manager (project delivery/GSC) South and general manager (design and engineering). He has … Read more

SBP digitalises process for banking policy regulatory approvals

KARACHI: Building upon its initiative of end-to-end digitalisation of the regulatory approval process, known as the Regulatory Approval System (RAS), a statement said on Monday. The State Bank of Pakistan (SBP) has now achieved another milestone by launching a module pertaining to the banking policy and regulations. With the launch of this module in RAS, … Read more

PIA starts fifth direct flight to Toronto

KARACHI: The Pakistan International Airlines (PIA) has introduced the 5th weekly frequency to Toronto with direct flights from Karachi, Lahore and Islamabad, the airline tweeted. PIA resumed direct flights to Toronto, Canada in June this year, as the Canadian officials had allowed air traffic between the two destinations. #PIA now introduces 5th weekly frequency to … Read more

China’s FDI inflow up 17.8% in first 10 months

BEIJING: Foreign direct investment (FDI) into the Chinese mainland, in actual use, rose 17.8 per cent on a year-on-year basis to 943.15 billion yuan, or $142.01 billion, in the first 10 months of the fiscal year, the Ministry of Commerce said on Monday. During the January-October period, FDI into the service sector increased 20.3 per … Read more

Unity Foods announces Rs5.4 billion right issue

KARACHI: Unity Foods Limited will sell 200 million right shares at Rs27/share to raise Rs5.4 billion to meet the increased working capital requirements of the company, a bourse filing said on Monday. “The right issue has been announced at a price below the current market price; hence, there is a minimal investment risk associated with … Read more

Rupee recovers 44 paisas against dollar

AUD TO PKR

KARACHI: The rupee recovered 44 paisas against the dollar in the interbank exchange market on Monday, owing to the recent measure taken by the central bank to increase the average cash reserve requirement. The exchange rate closed at Rs175.29 against the greenback. The local currency ended at Rs175.73 on Friday. A day ago, The State … Read more

Another bench dissolved after judge recuses to hear PTI candidate’s appeal against ECP

LHC

LAHORE: Another bench of the Lahore High Court (LHC) was dissolved on Monday after a judge recused himself from hearing Pakistan Tehreek-e-Insaf (PTI) leader Jamshed Iqbal Cheema’s petition against the rejection of his nomination papers. It is the second time that an LHC judge has refused to hear the case of PTI leader Cheema and … Read more

Journalist killed as minibus hit by bomb in Kabul

KABUL: A well-known Afghan journalist was killed and at least four other people injured Saturday when a suspected bomb destroyed a minibus near a Taliban checkpoint in Kabul, a media watchdog and officials said. The incident happened in Dasht-e Barchi, a Kabul suburb dominated by members of the mostly Shia Hazara community, who for years … Read more

Five killed in crackdown on Sudan anti-coup protests

KHARTOUM: Sudanese security forces killed at least five demonstrators Saturday in a crackdown on anti-coup protests, medics said, after the military tightened its grip by forming a new ruling council. The pro-democracy protests come nearly three weeks after top general Abdel Fattah al-Burhan ousted the government, detained the civilian leadership and declared a state of … Read more

New Delhi shuts schools as government considers ‘pollution lockdown’

NEW DELHI: New Delhi authorities announced Saturday a one-week closure of schools and said they would consider a “pollution lockdown” to protect citizens from toxic smog. “Schools will be shut so that children don’t have to breathe polluted air,” Delhi’s chief minister Arvind Kejriwal told reporters. Delhi is ranked one of the world’s most polluted … Read more

Three soldiers martyred in Balochistan, KP: ISPR

ISPR claims to kill 2

At least three Pakistan Army soldiers were martyred in separate incidents in Balochistan and Khyber Pakhtunkhwa said the military’s media wing on Saturday. According to the Inter Services Public Relations (ISPR), the security forces launched an intelligence-based operation in the Hoshab area, Balochistan. “On November 13, based on intelligence about the presence of externally supported … Read more

PTI has been ‘mistreating’ PML-Q workers in every Punjab district, alleges Pervaiz Elahi

Pervaiz Elahi

LAHORE: Amid reports of a rift between the Pakistan Tehreek-e-Insaf (PTI), the Pakistan Muslim League-Quaid (PML-Q) President Chaudhry Pervaiz Elahi alleged on Saturday that the ruling party has been “mistreating” their “workers in every district”. The Punjab assembly speaker was quoted in a press issued by the party stating that the PML-Q’s parliamentary committee will … Read more

PTI candidates approach LHC over rejection of nomination papers for NA-133 by-poll

LHC

LAHORE: Pakistan Tehreek-e-Insaf (PTI) candidates Jamshed Iqbal Cheema and his wife Musarrat Cheema have approached the Lahore High Court (LHC) against the returning officer’s rejection of their nomination papers for the NA-133 by-polls on December 5. Cheema and his wife’s nomination papers were rejected by the returning officer (RO) after they were submitted to him. … Read more

Italian team resumes excavation work at Bhanbhore

KARACHI: A team of Italian experts led by Prof Valeria Fiorani Piacentini has resumed excavation work at the ancient site of Bhanbhore located in Thatta district. Prof Piacentini, head of the Italian team and scientific director of joint Pakistani-Italian archaeological mission of Bhanbhore, and Mr Simone Mantellini, field director of the mission, recently met Sindh … Read more

APEC to cut vaccine tariffs, mulls US hosting offer

WELLINGTON: Pacific Rim leaders agreed to cut tariffs on Covid-19 vaccines at a virtual summit Saturday, but failed to deliver meaningful movement on climate change and reacted coolly to US efforts to re-engage with the region. The annual Asia-Pacific Economic Cooperation (APEC) summit brought together leaders from 21 member economies, including US President Joe Biden and … Read more

New platform to boost Pak-China online trade: official

BEIJING: In March this year, China-Pakistan Trade Online (CPTO), a platform for Pak-China online trade, was launched. However, many merchants have not yet put their products on the website, because there are too many products. Now our chamber of commerce is busy helping put the introductions of member companies and information of their products on … Read more