Aurangzeb optimistic about larger bailout program from IMF
ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb on Saturday expressed the expectation of larger bailout programme from the International Monetary Fund (IMF) and considered improving the revenue distribution between the provinces and the Center. Speaking to a group of journalists and think-tanks in Washington, the minister said, if the loan is approved, Islamabad […]
Rahul can play himself into WC with IPL heroics: Uthappa
LUCKNOW: Lucknow Super Giants skipper KL Rahul will be among the front-runners for the wicketkeeper-batsman role in India’s Twenty20 World Cup squad if he can maintain his recent Indian Premier League (IPL) form, former batsman Robin Uthappa said. Rahul followed up scores of 33, 39 and 39 with a blistering 53-ball 82 that included nine […]
Turkish Chief of General Staff receives Pakistani military honour
ISLAMABAD: Turkish Chief of General Staff, Gen. Metin Gurak, was awarded with one of Pakistan’s highest military medals on Friday, an official statement said. President Asif Ali Zardari conferred the Nishan-e-Imtiaz to Gurak at a special ceremony held at the President House in Islamabad, said the statement. The award was conferred in recognition of Gurak’s […]
E&P firms seek Rs75b tariff subsidy
ISLAMABAD: Petroleum exploration and production (E&P) companies have informed the federal government that the payables of gas utilities to foreign firms have mounted to $600 million and called for allocating a tariff differential subsidy of Rs75 billion to avert collapse of Pakistan’s upstream petroleum sector. In a letter written to the minister of petroleum, Pakistan […]
China’s new reconnaissance drone spotted taking debut flight
ISTANBUL: A new Chinese high-altitude, high-speed reconnaissance unmanned air vehicle (UAV) was spotted on Friday in the air making its debut flight. The WZ-8 drone aircraft reportedly flew three times the speed of sound and can reach altitudes of approximately 30 kilometres (18.6 miles). The blog of Defence Blog magazine sighted the WZ-8 positioned beneath […]
Rahul shines as Lucknow beat Chennai in IPL
LUCKNOW: KL Rahul’s solid 82 runs off 53 balls helped Lucknow Super Giants comfortably beat Chennai Super Kings by eight wickets in the IPL on Friday. Rahul’s time at the crease, which saw him smash nine fours and three sixes, played a key role in pushing Lucknow past Chennai’s 176-6 with six balls to spare. […]
Pakistan rejects ‘political use’ of export controls, says FO after US sanctions suppliers
ISLAMABAD: The Foreign Office (FO) rejected on Saturday the “political use” of export control measures after the United States imposed sanctions on four entities for allegedly supplying “missile-applicable items” to Pakistan’s ballistic missile program. “It is a reality that the same jurisdictions, which claim to exercise strict non-proliferation controls, have waived off licensing requirements for […]
Private sector support urged
KARACHI: The Ambassador of the Republic of Azerbaijan to Pakistan, Khazar Farhadov, stressed that although Azerbaijan and Pakistan have strong relations at the political and defence levels, along with close historical bonds, there is a dire need to further develop economic and business relations, according to a press statement released by the Karachi Chamber of […]