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Monthly Archives: February 2019

England’s Laurie Evans eyes Pakistan tour for PSL


February 21, 2019

SHARJAH: Multan Sultans’ new recruit Laurie Evans looks forward to a memorable tour of Pakistan once the matches of the HBL PSL 2019 shift to the country, trusting the security arrangements made for the teams. Evans, 31, who plays for Sussex, hit a polished 49 in Multan’s narrow seven-run defeat against Karachi Kings on his HBL PSL debut before managing …

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Federer to play on clay at Madrid Open


February 21, 2019

MADRID: Roger Federer’s comeback on clay will feature a return to the Madrid Open for the first time since 2015, it was confirmed on Wednesday. For the last two years, the 37-year-old has chosen to skip the clay-court season completely to preserve energy for tournaments on his preferred surfaces of grass and hard. But Federer indicated in January that he …

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Nepra allows Rs1.80 per unit hike


February 21, 2019

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday continued to express concern over fuel mix management but allowed an increase of Rs1.80 per unit in consumer tariff for ex-Wapda distribution companies (Discos) for a month on account of fuel cost adjustment. The decision would generate Rs13.5 billion revenue to the Discos. This is despite the fact that Nepra’s …

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Samsung launches folding smartphone in bid to rev up market


February 21, 2019

Samsung on Wednesday unveiled its first folding handset as part of an effort to rev up demand in the slumping smartphone sector. The South Korean giant’s Galaxy Fold, unveiled at a San Francisco event, services as a smartphone with a 4.6-inch display and unfolds to become a tablet of 7.3 inches. “We are giving you a device that doesn’t just …

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Wait for finance bill passage delays tax relief


February 21, 2019

ISLAMABAD: The wait for the passing of a supplementary bill in the National Assembly has delayed its likely impact in tax relief to businesses and individuals. The Finance Supplementary (Second Amendment) Bill 2019 was introduced in January with big claims by the government to give instant relief to taxpayers and businesses. However, the passage of the bill has been delayed owing to …

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HBL reports profit-after-tax at Rs12.4bn


February 21, 2019

KARACHI: Habib Bank Limited declared profit-after-tax at Rs12.4 billion with earning per share (EPS) at Rs8.22 for the financial year ending Dec 31, 2018. It represented improvement of 42 per cent over the PAT at Rs8.8bn and EPS at Rs5.79 from the previous year. The bank recommended final cash dividend at Rs1.25 per share, which was in addition to the …

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Fiscal health deteriorating sharply, half-year data shows


February 21, 2019

ISLAMABAD: Pakistan’s fiscal deficit crossed 2.7 per cent of gross domestic product (GDP) in the first half of this fiscal year – the highest in eight years – despite government’s claims to have put the house in order with greater fiscal discipline and austerity. Almost all the major fiscal indicators – both on expenditure and revenue side – showed deterioration …

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Saudi govt approves immigration facility for pilgrims in Pakistan, increases Haj quota


February 21, 2019

The Saudi Arabian government has included Pakistan in its ‘Road to Makkah’ project, allowing pilgrims to undergo immigration clearance at Pakistani airports before leaving for Haj, Radio Pakistan reported on Wednesday. According to the report, Minister for Religious Affairs and Interfaith Harmony Dr Noorul Haq Qadri said in a statement that Prime Minister Imran Khan had brought up the matter during the Saudi …

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Two high profile suspects, believed to be involved in Sehwan blast, held in Karachi


February 21, 2019

Police in Karachi on Wednesday claimed to have arrested two members of the banned Lashkar-e-Jhangvi (LeJ) over charges of their involvement in the deadly Sehwan blast, targetted killings of law enforcers, members of the Hazara and Christian communities in Balochistan, incidents of kidnappings for ransom and the murder of a senior official of a private firm in Karachi. “Malir Police and …

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