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CM KPK approves construction plan of Bus Rapid Transit project

PESHAWAR -UNS : Chief Minister Khyber Pakhtunkhwa Pervez Khattak Saturday approved the implementation and construction plan of four packages of the Bus Rapid Transit (BRT) Peshawar. He further directed the quarter concerned for removing bottlenecks for smooth facilitation of all commuters entering the main terminal …

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Six billion records hacked so far this year: researchers

WASHINGTON  – A surge in computer hacking has led to the breach of more than six billion records so far this year, topping the total for 2016, security researchers said Tuesday. Virginia-based Risk Based Security said in its mid-year report that it identified 2,227 publicly …

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‘Industrialization under CPEC’: What’s so special in SEZs?

Industrial Revolution had initiated in the 18th century but the world had to wait till 1959 to witness the establishment of first modern Special Economic Zones (SEZ) in Shannon, Ireland. As of 2006, International Labor Organization’s (ILO) database reported 3,500 zones in 130 countries and …

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France to provide 165 million Euros loans for energy projects

ISLAMABAD -UNS: France will provide two soft loans amounting to 165 million Euros to the government of Pakistan to finance energy sector projects such as Power Transmission Enhancement Investment Tranche-IV and Mangla power plant rehabilitation project. An agreement was signed on Thursday between French Agency …

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Senate body expresses concern over decrease in country’s export

BY SAJJAD HUSSAIN ISLAMABAD : The Standing Committee on Textile Industry expressed concerns over frequent decrease in country’s export due to non-provision of Sales Tax refunds. The committee also show apprehension on non-availability of basic facilities in textile sector which resulted in increase in trade …

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Shocking disclosure: 2700 Pakistanis received Rs 102 bn in gifts: FBR

ISLAMABAD -UNS: The Federal Bureau of Revenue (FBR) on Tuesday made a shocking disclosure during a session of the Senate Committee on Finance that 2,700 Pakistanis received Rs 102 billion in gifts. According to details, the said persons who received hefty amounts have been sent …

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China’s second quarter growth beats expectations at 6.9%

China’s economy grew at an annual rate of 6.9% between April and June according to official figures, slightly higher than forecast. The growth rate, which compares expansion with the same three months in the previous year, was the same as in the first quarter of …

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Afghanistan agrees to cooperate in Islamabad,Tehrn,Istanbol Container train

ISLAMABAD -UNS : The 9th High Level Working Group Meeting of the ECO Container Train on Thursday expressed satisfaction on a resolution by Afghanistan to cooperate in Islamabad-Tehran-Istanbul container train. “The resolution by Afghanistan to cooperate in the ITI Container Train is the principal accomplishment …

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Maryam owns Neilsen, Nescoll companies: AG British Virgin Islands

ISLAMABAD -UNS : The Attorney General of the British Virgin Islands confirmed on Thursday that the Nielsen, Nescoll offshore companies were owned by Maryam Nawaz. It must be borne in mind that the Panama Papers mentioned that Maryam Nawaz was the owner of the Neilsen, …

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Money laundering started in Sept 1991 by Dar,Saeed Ahmad,Mukhtar Hussain:JIT

KARACHI -UNS :The JIT report said that investigations revealed that the process of money laundering had started in Sept 1991 and some suspicious transactions showed that funds amounting to $2.23 million had been deposited in two accounts opened in the names of Saeed Ahmad and …

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