ISLAMABAD: Warning of an impending serious gas shortage, the federal government on Tuesday said the Article 158 of the Constitution that promised priority rights to gas producing provinces was becoming irrelevant and all stakeholders would have to reach a consensus on a workable way forward. “We will be going towards massive (gas) load shedding in […]
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KARACHI: After a 20 per cent year on year (YoY) drop in August 2020, exports are unlikely to recover in September due to the rains and subsequent floods flooding in the country — particularly in Karachi — which affected overall industrial operations, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Anjum Nisar […]
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ISLAMABAD: The Senate Standing Committee on Finance has asked the Ministry of Finance to prepare a working paper on the proposed amendment bill regarding supplementary grants in order to minimise the misuse of funds. The body, headed by Chairman Senator Farooq H Naek, directed the Special Secretary Finance Mohsin Mushtaq Chandna to submit the framework […]
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KARACHI: Stocks plunged on Tuesday with the KSE-100 index recording a fall of 311 points (0.73 per cent) to close at 41,985. The market opened positive and the benchmark spiked to intraday high by 233 points. But the index started to slide within an hour, wiping out all the early gains. Shares began to fall […]
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KARACHI: US dollar buying from the open market started increasing for the first time since the Covid-19 pandemic made its way to Pakistan in March. However, currency dealers said current trading was still much lower compared to pre-coronavirus levels. Since the emergence of Covid-19 in the country earlier this year, dollar buying in open market […]
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Prime Minister Imran Khan on Wednesday underscored the need for consensus among provinces and the federal government on the issue of gas, saying that if the country was falling behind, a province could not progress either. Addressing a seminar on ‘Sustainability, Security and Affordability of Natural Gas Supply in Pakistan’, the premier said that the […]
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Army Chief Gen Qamar Javed Bajwa on Wednesday stressed the importance of protecting the country from “fifth generation warfare and hybrid application by anti-Pakistan elements against Pakistan’s vital interests”, the army’s media wing tweeted. The army chief was chairing the Corps Commanders Conference, where participants were briefed about the progress of Operation Radd-ul-Fasad, Covid-19, locusts control […]
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PPP Chairman Bilawal Butto-Zardari on Wednesday urged the federal government and Prime Minister Imran Khan to “come and sit” with the people of the province who have been affected by the recent flooding and torrential rainfall instead of making “five-hour trips”. Addressing a press conference in Mirpurkhas, where hundreds of thousands have been displaced due […]
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The Sindh High Court on Wednesday restrained police from taking action against people nominated in a first information report filed on the complaint of the Cantonment Board Clifton (CBC), following the protest outside the board’s office on August 31. The order will remain effective until the next court hearing, scheduled for September 24. A two-member bench gave […]
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A transgender person was killed and another was injured from gunshots by unidentified men in Peshawar’s Tehkal area, police said on Wednesday. Both victims were rushed to the Khyber Teaching Hospital, where doctors pronounced Shakeel, aka Gul Panra, dead. The other victim, identified as Tariq alias Chahat, is under treatment. The body of Gul Panra […]
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