Pakistan News

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  • PSL 2017 – a unique, ‘Made in Pakistan’ product

    The pitches that are being prepared are tailor-made for competitive matches and the teams are ready to put on their best display...

    I would encourage whoever can head to Dubai or Sharjah to be a part of this ‘Made in Pakistan’ product that we can all be proud of and rally behind...

  • Apple unveils iPhone X in major product launch

    CUPERTINO: Apple Inc on Tuesday rolled out its much-anticipated iPhone X, a redesigned product of glass and stainless steel with an edge-to-edge display that Chief Executive Tim Cook called “the biggest leap forward since the original iPhone...

    “It’s great to have a product but we’d have liked it sooner rather than later, more like the beginning of October or mid-October,” said Kim Forrest, senior equity research analyst at Fort Pitt...

  • LNG defined as petroleum product

    ISLAMABAD: The government on Thursday defined liquefied natural gas (LNG) as petroleum product, instead of natural gas, just to bypass the legal requirement of public hearing by the regulator for its pricing...

    “According to the new arrangement RLNG will be treated as a petroleum product and its pricing can be carried out in line with the prevailing practice for petrol/diesel pricing on monthly basis,” said an official statement on...

  • SECP approves micro-insurance product for low-income group

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved a new micro-insurance product aimed at providing hospitalisation coverage to low-income clients of a microfinance institution...

    The approval of the product — named ‘First Sehat Tahaffuz Plan’ — under the SECP Micro-insurance Rules 2014 was in line with the objectives of the National Financial Inclusion Strategy (NFIS) recently adopted by the federal...

  • No change in petroleum product prices for June

    ISLAMABAD: The government has decided to keep prices of all petroleum products unchanged for June, in order to ensure price stability during Ramazan, Finance Minister Ishaq Dar said...

    “In line with Prime Minister Nawaz Sharif’s policy of providing maximum relief to the people, it has been decided that prices of petroleum products will not be increased on June 1,” Mr Dar said
  • Work on Gwadar product display centre to begin in January

    He said that the federal government had awarded a contract to the Chinese Overseas Ports Holding Company (COPHC) to develop and operate the port, bring in business and establish Pakistan’s first free economic zone...

    He said the free economic zone would be spread over 924 hectares (2,281 acres) near an additional 60-acre tract adjacent to the Gwadar Port Terminal where the COPHC would construct a world-class product display centre... ...

  • Move to diversify savings product base

    As the combined efforts of the fiscal and monetary authorities are focused on documenting the economy, central bankers say diversifying the product base of national savings is the need of the hour...

    Whether the CDNS’s plan to experiment with retail Ijarah Sukuk as a product of national savings gets through or not, analysts say the need for restructuring the NSS portfolio cannot be ignored...

  • Major international product recall of Lactalis baby milk over salmonella fears

    French baby-milk maker Lactalis and health authorities have ordered a major international product recall because of fears of salmonella contamination following 26 cases of children falling sick in France...

    The recall will affect consumers in countries as diverse as Pakistan, Bangladesh, China, Britain and Sudan, underlining the reach of the company and the difficulty in trying to trace all the potentially at-risk powder...

  • Commissioner told to notify dairy product prices within 10 days

    Directing the Karachi commissioner to issue a fresh notification of dairy product prices within 10 days, the court put off the hearing to a date to be later pronounced by the court’s office...

    Shaikh on Tuesday discharged the board to condole the death of Larkana District Bar’s former president and Pakistan Peoples Party MNA Ayaz Soomro...

  • Online retailer slapped Rs50,000 fine for faulty product

    KARACHI: A consumer court on Satur­day imposed fines on a leading online retailer for providing a faulty product to a customer...

    The court also asked the online retailer to replace the product in question with a good and useful one or alternatively return the amount (Rs7,795) paid against the purchase of the produce by the claimant and improve its services with regard to reasonable standards as per expectation of consumers...

  • PAKISTAN’S CHALLENGES: SUSTAINABLE DEVELOPMENT GOALS 2015-2030: Looking inwards: the new development paradigm

    - Pakistan’s national income per capita has doubled since 1990; with income poverty declining nearly three times since 2000- The share of Foreign Direct Investment in the economy has fluctuated in the past 30 years; in 2013 it was back at the 1990 level- If Pakistan is to meet the SDGs, there is considerable scope to improve the role of partnershipsNegotiating the path towards sustainable development is not easy for any country acting...

  • ‘Pakistan best place for investment’

    KARACHI: President Mamnoon Hussain has said that Pakistan today is more secure and peaceful and is the best country in the region for investment and entrepreneurs ought to take full advantage of the situation...

    Inaugurating the four-day Pakistan International Trade Fair at Karachi Expo Centre (PITF) on Thursday, Mr Mamnoon said that the participation of 20 countries in the fair is manifestation of the confidence of global community...

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