Consensus eludes Senate panel on jobs for locals

ISLAMABAD: The Senate Standing Committee on Parliamentary Affairs on Wednesday deferred its deliberations on the bills moved by Pakistan Peoples Party Senator Sherry Rehman for the provision of jobs for Pakistani workers in foreign investment projects.Several members of the committee as well as Board of Investment (BoI) secretary objected to the timing of the bill, saying […]

Pakistan-China relations: Chinese envoy calls for countering propaganda

ISLAMABAD: Chinese Ambassador to Pakistan Yao Jing has said that propaganda being spread against the friendly ties between Pakistan and China needs to be countered.“We are committed to development in Pakistan and both the countries are progressing through China Pakistan Economic Corridor (CPEC) project,” Jing said on Wednesday while addressing a function organized by the Institute […]

Rigging probe panel to take up ToRs on Jan 30

ISLAMABAD: The parliamentary committee formed to investigate allegations of rigging in the 2018 general elections on Wednesday decided to have consultation on its Terms of Reference (ToRs) in the next meeting on January 30Minister for Defence Pervez Khattak, who chaired the meeting, said that the sub-committee formed to finalise ToRs submitted its report. The committee, comprising […]

India plans state asset sale to raise $11bn

NEW DELHI: The Indian government is likely to seek to raise about 800 billion rupees ($11.21bn) through the sale of state-owned assets in the next fiscal year, beginning April 1, two government sources with direct knowledge of budget discussions told Reuters on Tuesday.The target, which is the same as for the current financial year, includes […]

Agreement signed for $3bn deposit from Abu Dhabi

KARACHI: The State Bank of Pakistan (SBP) on Tuesday signed an agreement with Abu Dhabi Fund for Development (ADFD) for $3 billion to be deposited in the SBP account.The announcement came from the Foreign Office in a Twitter post at 8:30pm which added that the funds “will help Pakistan achieve financial stability and overcome economic […]

China to pick Afghan Taliban as political force: envoy

PESHAWAR: Chinese Ambas­sador in Islamabad Yao Jing has said that his country will “pick Afghan Taliban as a political force” in the backdrop of their participation in the ongoing peace talks with the US and at other forums.Speaking at a roundtable conference at the Area Study Centre, University of Peshawar, on Tuesday, he said that […]

France, Germany sign friendship treaty

AACHEN (Germany): The leaders of France and Germany signed a new treaty on Tuesday to update their 1963 post-war reconciliation accord, aiming to reinvigorate the European Union’s main axis as growing euro-sceptic nationalism tests the bloc’s cohesion.At a ceremony in the German border city of Aachen, a historic symbol of European concord, German Chancellor Angela […]

Auto anguish reaches Senate

ISLAMABAD: The Senate Standing Committee on Ind­us­­tries and Production on Tuesday decried the Federal Board of Revenue (FBR) for not considering the fallout of cheap auto spare parts imports.Briefing the committee meeting, which was chaired by Senator Ahmed Ali, representatives of Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) said the lopsided government policies […]

Pakistan doubles its wheat contribution to Saarc food bank

ISLAMABAD: Pakistan has doubled the quantum of wheat from 40,000 tonnes to 80,000 tonnes as its share for the ‘Regional Food Bank’ maintained by the South Asian Association for Regional Cooperation (Saarc).Minister for National Food Security and Research Sahibzada Mehboob Sultan made the announcement on Tuesday at the 10th meeting of the Saarc Food Bank […]

Serena topples top seed Halep as Djokovic battles into quarters

MELBOURNE: A fired-up Serena Williams slugged past world number one Simona Halep on Monday as she inches ever closer to a 24th Grand Slam title, while Novak Djokovic survived a battle to stay on course for a record seventh Australian Open crown.In a towering performance, the American great scored her biggest win since having a […]