Aleem Khan submits his resignation to Punjab CM

LAHORE: A day after Prime Minister Imran Khan accepted his request to resign, Pakistan Tehreek-e-Insaf (PTI) leader Aleem Khan on Saturday submitted his resignation to Punjab Chief Minister Usman Buzdar. During a meeting with Usman Buzdar in Lahore, Aleem Khan apprised him that he had resigned as senior provincial minister and Punjab food minister due … Read more

Those blocking roads could be arrested without warrant in Balochistan

QUETTA: The Balochistan government issued the Criminal Law Ordinance on Saturday. According to details, carrying out rallies, processions and staging sit-ins on streets, roads and highways have been banned. The ordinance aims to put a stop to any process which creates hindrance in people’s daily lives, travelling and transportation. As per the statute, those carrying … Read more

Swedish embassy, UN Women Pakistan commence global drive against gender-based violence

ISLAMABAD: As the ’16 Days of Activism against Gender-Based Violence’ campaign has kicked off across the globe, the Swedish embassy and UN Women Pakistan have organised an event titled ‘2020 in retrospective – Celebrating Pledges Made to End Violence Against Women’. The event aims at eulogising the services rendered by human rights activists and feminists’ … Read more

Tejori Heights to be completely razed in few days: assistant commissioner

KARACHI: On order of the Supreme Court, demolition work on Tejori Heights is underway in Gulshan e Iqbal area of Karachi. Gulshan e Iqbal Assistant Commissioner Abdul Sattar Hakro on Saturday said complete demolition of Tejori Heights and cleanliness of the ground would be completed within few days. He said structure of the first floor … Read more

Punjab govt confiscated 0.2 mn tonnes of urea: Farrukh Habib

farrukh

ISLAMABAD: Minister of State for Information and Broadcasting Farrukh Habib has said the Punjab government had confiscated 200,000 tonnes of urea. “The Punjab and federal government are providing subsidy on di-ammonium phosphate (DAP),” he said talking to media while flanked by Special Assistant to Prime Minister on Youth Affairs Usman Dar in Islamabad. Farrukh Habib … Read more

Lawyer files petition in LHC over shortage of gas

LAHORE: A lawyer on Saturday filed a constitutional plea in the Lahore High Court (LHC) over shortage of gas in Lahore. Advocate Sardar Farhat Manzoor Chandio made the federal government, Ministry of Energy and Petroleum Division secretary, Oil and Gas Regulatory Authority and Sui Northern Gas Company. “With the arrival of winter, gas has become … Read more

War of opinions has taken over war involving weapons: Fawad Chaudhry

Govt

ISLAMABAD: Minister for Information and Broadcasting Chaudhary Fawad Hussain on Friday said that war of opinions has taken over the war of weapons, and in this battle, the triumph will be of the party that better presents its narrative. Addressing the newly inducted internees at the Associated Press of Pakistan (APP) in Islamabad, the information … Read more

Dollar retreats after touching intraday high of Rs176.50

AUD TO PKR

KARACHI: The dollar retreated to close at Rs175.46 on Friday after touching an all-time high of Rs176.50 during the intraday trading, dealers said. The exchange rate witnessed a loss of 48 paisas in the rupee value to close at Rs175.46 against the dollar as against the previous day’s closing of Rs174.98 in the interbank foreign … Read more

Apex court directs to complete demolition of Nasla Tower in a week

Police obtains list of SBCA officers involved in illegal construction of Nasla Tower

KARACHI: The Supreme Court of Pakistan on Friday gave a week’s time to commissioner Karachi for the complete demolition of the illegally constructed Nasla Tower. The commissioner filed a report containing some photographs showing walls from the ground to upper floors that have been demolished. The bench headed by Chief Justice Gulzar Ahmed and comprising … Read more

PTI govt took Rs20.7 trillion debt in three years: Sherry Rehman

ISLAMABAD: Pakistan Peoples Party (PPP) Vice President and Senator Sherry Rehman on Friday said the Pakistan Tehreek e Insaf (PTI) government had taken Rs20.7 trillion debt in just three years. “By the end of the PPP government, the country’s total debt was 16.2 trillion rupees. In 2018, loans reached Rs 29.8 trillion. In 2021, Pakistan’s … Read more

KSE-100 opens bearish today

KARACHI: The Pakistan bourse opened on a bearish note as the KSE-100 index declined 19.21 points, in the first hour of trading on Friday. The Pakistan stocks continued negative trend for the fourth consecutive session on Thursday, as the investors were concerned over continued foreign selling over the MSCI reclassification due next week, dealers said. … Read more

Dollar touches historic high at interbank

Dollar gains

KARACHI: The Pakistani rupee declined 1.12 rupees against the dollar at midday in the interbank exchange market on Friday as the dollar reached a historic high. Dollar is being traded at the historic high of Rs176.10 at midday in the interbank market. The exchange closed at Rs174.98 Thursday, November 25, 2021. Dealers said that the … Read more

Pakistan, South Africa sign agreement to establish joint commission

PRETORIA: Pakistan and South Africa have signed an agreement on the establishment of Pakistan-South Africa Joint Commission. The document was signed by Pakistan High Commissioner to South Africa Mazhar Javed and South Africa’s Minister for International Relations and Cooperation Dr GNM Pandor, in Pretoria. The agreement provides for an institutional mechanism for bilateral cooperation in … Read more

Ex-MDA employees protest outside SC registry, demand reappointment

KARACHI: Former Malir Development Authority (MDA) employees on Friday held a protest outside the Supreme Court Karachi Branch Registry demanding reappointment to their jobs. The protestors said they had been working at the MDA for 25 years and they were made permanent by the then local government minister in 2016. They said after some time … Read more

PM Imran directs action against fertiliser manufacturers creating artificial shortages

ISLAMABAD: Prime Minister Imran Khan has directed to take action against fertiliser manufacturers, involved in creating artificial shortages to escalate prices. He said this while chairing a high level meeting in Islamabad which reviewed wheat and fertiliser stocks in the country. Imran Khan expressed serious concern over the disproportionate stock distribution of urea. He also … Read more

BOL NEWS BUSINESS DIGEST: November 26, 2021

BOL NEWS BUSINESS

Abad halts work on all construction projects KARACHI: The Association of Builders and Developers (Abad) on Thursday announced to halt construction work on all projects from Friday, November 26, 2021, to protest against the null and void declaration of all the projects, despite approval by the government agencies. –SHAHNAWAZ AKHTER Read more   The not … Read more

Threat alert issued for NADRA, FBR, FIA

ISLAMABAD: A security threat alert has been issued for the National Database and Registration Authority (NADRA), Federal Board of Revenue (FBR) and the Federal Investigation Agency (FIA) on Thursday. According to details, a terror plan to target the state institutions has been foiled because of which security of FBR headquarters, its field offices and other … Read more

US companies can benefit from facilities being offered by Pakistan: FM Qureshi

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi on Thursday said Pakistan was offering several important facilities to foreign investors, including e-visa. “American companies can benefit from these facilities and earn profit by investing in different fields,” Shah Mahmood Qureshi said talking to US Democrat leader Tahir Javed in Islamabad. He said Pakistan gave special importance to … Read more