Pakistan News

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  • Ogra slaps fine on another oil company

    ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Tuesday imposed fine on another oil marketing company for operating illegal petrol pumps in Sindh and without developing legally required storage infrastructure...

    In an order, the Ogra said M/S Gas & Oil Pakistan (Pvt) Limited (GOPPL) was granted permission to establish an oil marketing company in June 2012 subject to construction of minimum storage capacity of 20 days before...

  • Pakistan Navy buying vessels for special operations from US company

    WASHINGTON: Pakistan Navy has placed an order for two 75m Swift Corvettes from a US-based shipbuilding company, Swiftships, said the company’s Chief Executive Officer Shehraze Shah...

    In an interview with a defence and security magazine Mönch, Mr Shah said that the Pakistan Navy had also purchased Swiftships’ 11m Special Operation Craft Riverine, which was deployed for counterinsurgency and drug-interdiction missions...

  • International security company hired for Pakistan by ICC: Sethi

    LAHORE: The International Cricket Council (ICC) has hired an international security company on a three-year term in order to aid the resumption of international cricket in Pakistan, Pakistan Cricket Board (PCB) chairman Najam Sethi said on Tuesday...

    Sethi told Dawn that the security company will visit the country during either the last week of August or the first week of September...

  • Panama president admits to offshore company in Pakistan and other unbreakable news

    Panama City: According to an un-leaked set of papers which were to be leaked along with the notorious Panama Papers (but weren’t), the president of Panama, Jean-Claude Van Damme, has an off-shore company in Pakistan...

    According to the newspapers and TV channel owned by the PLMG, President Damme, who came to power after the 2014 presidential election, opened an offshore company in Lahore in December 2014...

  • Chinese company to build LNG, gas pipeline projects in Pakistan

    5 billion Gwadar liquefied natural gas (LNG) and the Iran-Pakistan gas pipeline in November, Interstate Gas Systems (ISGS), who opened the technical bid for the construction of projects told media personnel on Wednesday...

    Related: Iran Pakistan gas pipeline to be completed by 2017CPP will construct the terminal with a capacity to handle 500 mmcfd (million cubic feet per day) of LNG and a floating storage gasification unit...

  • Pakistan Microfinance Investment Company launched

    ISLAMABAD: The Pakistan Microfinance Investment Company (PMIC), a private-sector firm which aims to use public funding to invest commercially in people and businesses on lower incomes, was launched on Thursday by Finance Minister Ishaq Dar...

    The PMIC has been created by the Pakistan Poverty Alleviation Fund (PPAF) and Karandaaz Pakistan — funded by UK’s Department for International Development (DFID) — and the KfW, a German...

  • Rahat out as Pakistan's 'injured' list swells

    Pakistan's left-arm seamer Rahat Ali has been ruled out of the Bangladesh Test series after suffering a hamstring injury, the Pakistan Cricket Board (PCB) announced on Saturday...

    The 26-year-old Rahat, who was a vital member of Pakistan's pace attack at the World Cup, joins Mohammad Irfan, Sohail Khan, Ehsan Adil, Yasir Shah and Sohaib Maqsood on the sidelines with the 'injured list' almost becoming an embarrassment now and...

  • US keeps China, Pakistan and India on intellectual rights watch list

    WASHINGTON: The United States on Thursday kept China and India on its Priority Watch List of trading partners that fail to protect intellectual property rights (IPR), hurting the economy...

    In its annual Special 301 Report, the Commerce Department's US Trade Representative said there were now 13 trading partners on its Priority Watch List, three more than its previous report...

  • How Pakistan is tackling terror financing to stay off a list of 'terror-friendly' nations

    Pakistan has frozen the accounts of 5,000 suspected terrorists, taking about $3 million out of their pockets, but Islamabad could still come under scrutiny at a crucial June meeting of an international watchdog that tracks terror financing...

    Analysts and government officials say political foot-dragging and sympathetic supporters throughout Pakistan makes it difficult to cut off the money supply to banned terrorist groups...

  • US removes Pakistan from intellectual property shame list; India, China stay

    The Obama administration on Wednesday kept China, Russia and India on its annual list of countries with the worst records of preventing the theft of intellectual property, while a number of steps taken in this direction cleared Pakistan's path to be removed from the list...

    The annual list, released by the United States Trade Representative's Office, carries no threat of sanctions, but aims to shame governments into cracking down on...

  • Health experts review list of essential medicines for Pakistan

    ISLAMABAD: About 50 international and national health experts and representatives of federal and provincial governments attended a meeting held here on Wednesday to review the essential medicines list...

    The meeting proposed that 10 medicines / salts, which cannot be sold in Pakistan, should be taken off the list and around 30 medicines / salts be added to it...

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