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Nawaz Sharif expresses resentment over Faizabad operation’s failure

Ex-prime minister Nawaz Sharif on Tuesday expressed resentment over government’s failure in an operation against Faizabad sit-in protesters. Chairing an important session of Pakistan Muslim League-Nawaz (PML-N) leaders at Punjab House in Islamabad, he asked that why any proper strategy to end sit-in was not devised. Interior Minister Ahsan Iqbal responded that administration and police launched crackdown on Islamabad High …

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Nawaz Sharif chairs meeting of PML-N leaders after NAB court appearance

– Ex-prime minister Nawaz Sharif on Tuesday chaired an important session of Pakistan Muslim League-Nawaz (PML-N) leaders at Punjab House in Islamabad. According to details, country’s political situation, government’s performance, Law Minister Zahid Hamid’s resignation and Faizabad sit-in discussed in the meeting. Minister of State for Information Marriyum Aurangzeb, Interior Minister Ahsan Iqbal, Maryam Nawaz, Foreign Minister Khawaja Asif, State …

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ECP to announce verdict in PTI’s intra-party polls case on December 5

– Election Commission of Pakistan (ECP) has announced to declare verdict over petition against Pakistan Tehreek-i-Insaf (PTI) intra-party elections on December 5. The verdict was to be given today however; it was deferred for next hearing due to the absence of the judges. During the hearing, Chief Election Commissioner said that the case was heard by a five-member bench which …

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Islamabad, Rawalpindi routes opened after 22 days of Faizabad sit-in

The routes of Islamabad and Rawalpindi have on Tuesday been opened after 22 days of Faizabad sit-in as the protest has been called off. According to details, Faizabad bus station and adjacent market have been opened. Buses and wagons have started their operation from Faizabad to Khyber Pakhtunkhwa (KP), Kashmir, Hazara, Galyat and Punjab. Citizens of twin cities are relieved …

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India issues medical visas to seven Pakistanis

Indian Minister for External Affairs Sushma Swaraj on Tuesday directed to issue medical visas to at least seven Pakistanis while responding to their requests on Twitter. Nine-year-old Maria’s father had requested Swaraj to issue medical visa to her daughter who is suffering from thalassemia.

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Asian Development Bank approves $275 mn to build irrigation system in Pakistan

The Asian Development Bank’s (ADB) Board of Directors has approved a $275 million loan to help build a surface irrigation system to increase agricultural production and improve food security in the Jhelum and Khushab districts in Punjab province in Pakistan. The project is expected to benefit 384,000 people. “Having a sufficient and effective irrigation system is fundamental in the development …

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Indicators show vibrant economic performance, 6pc GDP growth target on track

The economy, as indicated by indicators for first quarter of the current fiscal year, has been reflecting strong performance and reversal of some of the negative trends which were witnessed in FY 2017. More significantly, GDP growth target of 6% this year seems on track and may even be surpassed, said a statement issued by the Finance Ministry here Wednesday. …

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Dollar rises by 30 paisas against Rupee

– Rupee has seen its value falling in the open market as other currencies’ value has increased due to their high demand. Dollar rose by 30 paisas against Rupee and one dollar now equals 107.70 Rupees. Euro rose by 70 paisas and now equals 127.50 Rupees while Pound rose by 50 paisas standing at 143.20 Rupees. According to currency dealers, …

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Pakistan’s share in Afghan trade plummets to 12pc from 50pc

Pakistan’s share in overall trade of Afghanistan has plummeted to drastic 12pc from 50pc. The current trade volume stands at merely $1.20 billion whereas—a few years back—it was $2.50 billion. Contrary to that Iran’s trade with Afghanistan has soared to healthy $2.5 bn from just $170 million. Afghan embassy’s official, on condition of anonymity, told our correspondent that Afghanistan’s traders …

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Indus Motor investing $40 million to increase output by 10000 units

– Indus Motors makers of Toyota cars has decided to expand their existing plants with a capital investment of 40 million dollars, help increasing the production of vehicles by around 10000 units per annum. Indus Motors hold a meeting with the group of analysts belonging to local brokerage house which revealed that company’s debottlenecking activity currently in process is progressing …

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