Daily Archives: September 16, 2018

Wapda ups funds for AJK uplift projects to Rs5.23bn


September 16, 2018

LAHORE: The Water and Power Development Autho­rity (Wapda) has increased funds for 22 development schemes in Azad Jammu and Kashmir (AJK) from Rs2.27 billion to Rs5.23bn. Wapda had launched the projects in AJK under the Neelum-Jhelum Hyd­ro­power Project for mitigating the environmental impact on downstream areas and socio-economic uplift of the locals. “A sum of Rs2.27bn, which was initially earmarked, …

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Two workers killed in coal mine blast


September 16, 2018

QUETTA: Two miners lost their lives and two others were wounded inside the Duki coal mine on Saturday. The labourers faced the catastrophe after they went deep inside the mine and it caved in because of a methane gas explosion. Levies force said that two miners died and two others were rescued by their colleagues. The dead and the injured …

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UK will extend GSP+ incentives to Pakistan post Brexit: envoy


September 16, 2018

KARACHI: Pakistan needs to foster an enabling environment for business and trade and must explore sectors including financial services and agriculture to boost its exports to the United Kingdom, said UK’s trade envoy to Pakistan Atta-ur-Rehman Chishti on Saturday during an interaction with journalists. Currently on his third visit since becoming Prime Ministerial Trade Envoy to Pakistan in November, Mr …

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Hiring process for key CCP, SECP posts begins


September 16, 2018

ISLAMABAD: The government has decided to fill key positions in multiple departments under the Ministry of Finance including the unoccupied senior level positions at the Securities and Exchange Commission Pakistan (SECP) and Competition Commission of Pakistan (CCP). The government is also looking to invite applications for the available positions at the Pakistan Development Fund Limited (PDFL), National Investment Trust, Pak-Libya …

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Stocks stay flat on lack of economic clarity


September 16, 2018

KARACHI: An attempt by the bulls to dislodge the bears after two weeks was frustrated by the lack of clarity on the economic front. Therefore, the bourse remained choppy in the outgoing week with the KSE-100 index closing about flat, up by a mere 65 points (0.15 per cent) to settle at 40,920. On the economic front, contradictory reports on …

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PTBA demands uniform tax regime


September 16, 2018

KARACHI: The Pakistan Tax Bar Association (PTBA) has asked the PTI government to rationalise tax rates and also harmonise federal and provincial taxes. In a letter to Finance Minister Asad Umar, PTBA President Abdul Qadir Memon stressed the need for reducing cost of doing business as it will speed up industrialisation and broaden tax base. The association also recommended abolition …

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Tech talk: Giving life to textbooks, with Augmented Reality


September 16, 2018

If textbooks walked and talked with 3D video and a voice accompaniment, might they hold your attention better? That’s the bet the founders of Orbit-ed are making, by bringing Augmented Reality (AR) tools into the classroom. Orbit-ed is an Islamabad-based educational technology (ed-tech) startup trying to re-imagine class lectures the way we know them. How? It uses AR to recreate …

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WTO reform ‘urgent’ as new Trump tariffs loom: G20 trade ministers


September 16, 2018

MAR DEL PLATA: Trade and investment ministers from G20 countries meeting in Argentina said there was an “urgent need” to improve the World Trade Organisation, a joint statement said on Friday. With US President Donald Trump readying tariffs on another $200 billion in Chinese goods, the ministers said they were “stepping up the dialogue” on international trade disputes, according to …

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Karachi to host next year’s PSL final on March 17


September 16, 2018

LAHORE: Karachi will host next year’s final of the Pakistan Super League on March 17, the Governing Council of the PSL decided at a meeting held at the National Cricket Academy (NCA) here on Saturday. “It was also decided that PSL 2019 will start on Feb 14, 2019 in the UAE and will move to Pakistan for the last eight …

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Comment: There’s more to Pakistan’s defeat against India than meets the eye


September 16, 2018

PAKISTAN’S 3-1 loss to India in Wednesday’s SAFF Cup semi-final early this week has been heartbreaking for Pakistani football fans who finally felt connected to the national side and were eagerly looking forward to a historic win against the arch-rivals. However, the loss was followed up by social media posts in support for the Pakistan side by influential commentators and …

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