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Yearly Archives: 2020

Sindh, Balochistan to join hands over gas shortage


January 13, 2020

KARACHI: After Islamabad again rejected Sindh’s claim to the gas it produces, the Pakistan Tehreek-i-Insaf government at the centre may face another challenge in the shape of a likely partnership between the Pakistan Peoples Party government in Sindh and the Balochistan government over gas shortage in the two provinces. Both governments are mulling over a joint strategy over the gas …

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Govt, opposition meet today to forge consensus on NAB law


January 13, 2020

ISLAMABAD: The government and opposition will meet on Monday to forge consensus on the National Accountability (second amendment) Ordinance, 2019. On Dec 27, President Dr Arif Alvi had promulgated an ordinance making significant changes to the National Accountability Ordinance, 1999 to give maximum protection to the bureaucracy and business community. However, the opposition said that NAB laws should not be …

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LHC reserves verdict on Musharraf’s petition against special court conviction


January 13, 2020

The Lahore High Court on Monday reserved its verdict on a set of petitions filed by former dictator Pervez Musharraf challenging multiple actions against him, including his conviction for high treason, the establishment of the trial court that convicted him and filing of the original high treason inquiry against him by the government. The verdict is expected to be announced …

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PCB’s chief financial officer resigns, search for successor to start soon


January 13, 2020

Pakistan Cricket Board’s chief financial officer (CFO), Badar M. Khan, has tendered his resignation after more than eight years in the role and will be departing at the end of the month, the cricket body announced on Monday. “After serving under five PCB Chairmen since July 2011, it is now time to move on and explore other opportunities,” Khan was quoted …

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Students, traders among top complainants on citizen portal


January 12, 2020

ISLAMABAD: Out of 1.653 million complaints made on the Pakistan Citizen Portal by people from all walks of life during the past 14 months, 1.509m (91.32 per cent) have been resolved. According to statistics released officially by the Prime Minister Office on Saturday, the number of registered members on the portal launched by Prime Minister Imran Khan in October 2018 …

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Man Infected with virus (pneumonia) in China dies after outbreak


January 12, 2020

SHANGHAI: A 61-year-old man has died from pneumonia in the central Chinese city of Wuhan after an outbreak of a yet to be identified virus while seven others are in critical condition, the Wuhan health authorities said on Saturday. In total, 41 people have been diagnosed with the pathogen, which preliminary lab tests cited by Chinese state media earlier this …

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Mystery pneumonia outbreak claims first death in China: report


January 12, 2020

WUHAN: A 61-year-old man has become the first person to die in China from a respiratory illness believed caused by a new virus from the same family as SARS, which claimed hundreds of lives more than a decade ago, authorities said. Forty-one people with pneumonia-like symptoms have so far been diagnosed with the new virus in Wuhan, with one of …

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Another bullish week on stock market


January 12, 2020

KARACHI: For the second consecutive week, stock market displayed a spectacular performance with the KSE-100 index recording gains of 884 points (2.1 per cent) and closing seen above 43,000 for the first time in 17 months, at 43,207. But the sailing was not all too smooth as the world held its breath watching with growing concerns the US-Iran hostilities that …

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Tax reforms yield Rs209bn in additional revenue


January 12, 2020

ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs209 billion additional during the first five months of this fiscal year mainly due to structural changes in taxation system, procedures and withdrawal of exemptions. Data shows that these much- needed reforms in taxation system are already bearing fruit despite a huge import compression of around $5bn and slowingdown of growth. The …

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