Pak still far from collecting funds needed for Bhasha dam on February 19, 2019As a part of his high-profile maiden visit to Pakistan, Saudi Crown Prince Mohammad bin Salman has agreed to grant funds of around $100 million for Diamer Bhasha dam project. A Memorandum of Understanding was also signed in this regard between Pakistan and Saudi Arabia. According to available information, the two countries have signed agreements […]
CDA inflicted billions of losses: report on February 15, 2019A special investigation report on the accounts of Land and Rehabilitation Directorate of Capital Development has revealed how negligence of concerned staff, non-adherence to the provision of CDA Ordinance and ineffective oversight mechanism caused huge losses to national exchequer to the tune of 43 billion rupees. Original documents available with the Daily Times have revealed […]
Defunct power stations have cost the country Rs 72 billion on February 12, 2019Defunct power stations of Northern Power Generation Company Limited, commonly known as GENCO-3 resulted in losses to the tune of Rs 72 billion to the national exchequer, revealed a special report on closed power stations of GENCO-3 on Monday. The Directorate General of Audit Power conducted a special study on closed power stations of GENCO-3 […]
Govt replaces police chiefs of KP, AJK on February 10, 2019The federal government on Saturday reshuffled police chiefs of Khyber Pakhtunkhwa and Azad Jammu and Kashmir. According to a notification, Mohammad Naeem, a well-reputed senior police officer of grade 22, replaced another career policeofficer Salahuddin Khan Mehsud as Khyber Pakhtunkhwa’s inspector general of police. Salahuddin Khan Mehsud was given assignment as Inspector General of AJK […]
No headway on military courts yet on January 28, 2019Deadlock persists between government and the opposition over grant of extension to the military courts, with Pakistan People’s Party (PPP) and Pakistan Muslim League-Nawaz (PML-N) publically opposing the idea of extending their tenure once again. While the current tenure is set to expire in March this year, military courts are faced with a daunting task […]
PM’s sister says sold inheritance to buy property abroad on January 26, 2019Aleema Khan, Prime Minister Imran Khan’s sister, told authorities on Friday that she had purchased property overseas after selling property in Pakistan, including those owned and inherited by her client’s husband, and remission of funds from Pakistan through banking channel. “Our client Aleema Khan, wife of Sohail Khan, has made available to us the record […]
IDB to provide $1bn for TAPI pipeline project on December 7, 2018The Islamic Development Bank (IDB) has committed an amount of $1billion to finance the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, said TAPI Pipeline Company Limited Chief Executive Officer (CEO) Muhammetmyrat Amanov while delivering a lecture here at the Institute of Strategic Studies Islamabad (ISSI). “An agreement has been reached with the IDB to provide $700 million […]
Opening of ‘Kartarpur corridor’ is dawn of a new era in Indo-Pak relations on December 1, 2018ISLAMABAD: Atal Bihari Vajpayee, three times Indian Prime Minister and torch bearer of ‘Pakistan-India Friendship’, must be smiling in heaven as Pakistan formally laid foundation stone of much awaited Kartarpur corridor this week on Wednesday. Amid clapping and applause, Prime Minister Imran Khan performed ground breaking of much awaited ‘Kartarpur Corridor’ . Pakistan’s powerful army […]
Cabinet partially allows issue of prohibited bore licences on November 13, 2018ISLAMABAD: The federal cabinet has partially lifted a ban on issue of licenses for the prohibited bore weapons. The decision was taken last month at a cabinet meeting chaired by Prime Minister Imran Khan. “Ban on issue of arms licenses may be lifted to the extent of general officers or equivalent/officers/others ranks of military for […]