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China launches satellite to study space environment

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China on Friday launched a new satellite to study space environment, local media reported. The experiment satellite was sent into planned orbit at around 07:01 a.m. local time (2301GMT Thursday) from the Taiyuan Satellite Launch Center in China’s northern Shanxi province, according to broadcaster CGTN. […]

FIA freezes bank accounts of Jahangir Tareen, family

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More than 35 bank accounts of estranged Pakistan Tehreek-i-Insaf (PTI) leader Jahangir Khan Tareen and two members of his family have been frozen over alleged involvement in the sugar scandal. According to the reports, a total of 36 accounts in nine different banks were frozen. […]

NEPRA increases power tariff by Rs0.64 per unit

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Islamabad – The National Electric Power Regulatory Authority (NEPRA) has allowed the ex-WAPDA Discos an increase of Rs.0.64 per unit in power tariff under the Fuel Charges Adjustment (FCA) for the month of February. The decision will have an impact of Rs 5.28 billion on […]

SECP enables startups to offer employee stock options plan

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ISLAMABAD – In order to accelerate business growth in Pakistan, the SECP has given clearance to private limited companies including startups to offer Stock Option Plans, which give them the flexibility to award stock options to employees. Employee Stock Option Plan (ESOP) is a popular […]

FBR, PRAs ink MoU for single sales tax return, web portal

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ISLAMABAD – Federal Board of Revenue and all the four Provincial Revenue Authorities (PRAs) have signed a memorandum of understanding (MoU) for a single sales tax return and single web portal. Signing of the MoU is one of the most significant components of harmonization of […]

ICC readies pandemic backup plan for T20 World Cup

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DUBAI – The cricket’s governing body has a plan B in case the coronavirus pandemic prevents India from staging the Twenty20 World Cup this year, but is still months from a final decision, its interim chief Geoff Allardice said Wednesday. India is scheduled to hold […]

Pakistan seal series, rise to No 2 in CWCSL

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CENTURION – Pakistan out-classed South Africa in all departments to take home the ODI trophy and valuable ICC CWC Super League points with a comprehensive 28-run win in the series decider. Pakistan posted a competitive total of 320/7 to set up the series finale nicely […]

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