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  • 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...

  • Nepra fines power company for delays in submission of data

    ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) imposed on Monday a fine of Rs1 million on the Central Power Purchase Agency (CPPA), also known as the National Transmission and Despatch Company (NTDC), for failing to provide information needed for monthly fuel price adjustments within the stipulated time...

  • Comedy troupe Bhai Log Company is ready for a comeback

    A comedy troupe trusted to take the mickey out of those in the limelight, the Bhai Log Company has announced its comeback in a teaser image put up on its Facebook page and website...

    "We're sticking to our usual themes like the social divides in Pakistan and extremism," shared troupe member Kamran Bozai about their latest act, which has been tentatively titled The Langar Games, adding that of course fake degrees and jailed models will...

  • Alphabet passes Apple as world’s biggest company — now what?

    NEW YORK: Even before it became a household name, Google parent Alphabet has become the world’s most valuable company, vaulting past Apple in a sign of an evolving technology landscape...

    Apple ends a run of four years as the world’s largest publicly traded company, having overtaken Exxon Mobil on January 25, 2012...

  • Private company blocked from importing 20pc cheaper LNG

    ISLAMABAD: Amid legal vacuum surrounding the sale of around 140,000 tonnes of imported liquefied natural gas (LNG) to a few bulk consumers, a private company’s bid to arrange import of 20 per cent cheaper commodity is reported to have been blocked...

    Informed sources told Dawn the Pakistan State Oil (PSO) did not have an LNG marketing licence but it had not only imported but was selling the product to various consumers, including...

  • All the world’s a stage: UK’s Royal Shakespeare Company in first tour of China

    LONDON: Britain’s Royal Shakespeare Company embarks on its first major tour of China in 2016, presenting the Bard’s history plays about bloodshed, honour and kingship in mediaeval England to a new and potentially vast audience...

    Marking 400 years since William Shakespeare’s death, the prestigious theatre company will take productions of Henry IV Part I, Henry IV Part II and Henry V to Beijing, Shanghai and Hong Kong in February and...

  • Royal Shakespeare Company founder Peter Hall dies

    LONDON: British director Peter Hall, who founded the Royal Shakespeare Company in 1960 and is credited with the boom of post-war British theatre, has died at the age of 86, the National Theatre said on Tuesday...

    Hall stayed at the Royal Shakespeare Company until 1968, after which he became head of the National Theatre in 1973 and oversaw its transfer to the South Bank arts centre...

  • Driver of ride-hailing company shot dead in Karachi

    Police are investigating the alleged murder of a driver working for a ride-hailing company who was found dead in his car in Karachi's Korangi area earlier this week, police said on Friday...

    "The victim was associated with a ride-hailing company but at time of the incident, his vehicle was "offline", Abbasi said...

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