Wednesday, March 30th, 2016
02 Indian engineers held in South Punjab
ISLAMABAD, 30 MAR (DNA) – In the wake of Indian spy agent Kulbhushan Yadav’s arrest, two Indian engineers, who provided engineering consultancy to a south Punjab sugar mill, have been taken into custody. Accordig to reports, Sridhar Nambi along with his cohort was working as an engineering consultant in a sugar mill belonging to an influential political family. According to a document received by media, visa term of Sridhar Nambi, 56, is ten years and he had an exception from police report. It should be mentioned here that arrest ofRead More
New oil, gas reserves discovered in Khyber Pakhtunkhwa
KARAK, 30 MAR (DNA) – Mari Petroleum Company Limited (MPCL) has made a significant oil and natural gas discovery at an exploratory well in Karak district of Khyber Pakhtunkhwa on Wednesday. The well has been drilled upto a depth of 5,900 meters. During the initial short duration tests carried out, the well flowed oil at the average rate of 1,425 barrels and 1.1MMSCFD of gas per day. According to authorities, the discovery was good news for the nation and the energy sector of Pakistan. The discovery of new oil andRead More
President says Pak, Turkey have identical views on intl issues
ISLAMABAD, 30 MAR (DNA) – President Mamnoon Hussain has said that Pakistan is committed in eradicating extremism through National Action Plan (NAP) and Operation Zarb-i-Azb. He was talking to the Turkish Armed Forces, Hulusi Akar in Islamabad on Wednesday. He said Pakistan and Turkey enjoy brotherly relations and share identical views on international issues. President said that the people of Pakistan and Turkey are bound together in very old and strong bonds of brotherhood based on shared religious, cultural and historical affinities. He reiterated Pakistan’s strong desire to further strengthenRead More
Nisar forms committee to probe into mob gathering in Islamabad
ISLAMABAD, 30 MAR (DNA) – On the directives of the Interior Minister, a high level committee to prbe into the circumstances that led to mob gathering and Dharna (27 Mar 2016) in Islamabad has been constituted. The Committee headed by Special Secretary Ministry of Interior Mr. Shoaib Ahmed Siddiqui includes Sqn. Lrd (R) Iqbal Mahmood, DG NPB, and Mr. Tariq Mahmood Khan, Additional Secretary MoI. The Committee shall submit its findings within 07 days. DNA
HRCP aghast at Dr Asim’s deteriorating mental health
LAHORE, 30 MAR (DNA) – The Human Rights Commission of Pakistan (HRCP) has expressed grave concern over a report about deterioration of mental health of Dr Asim Hussain, a former federal minister, and his treatment in the custody of paramilitary forces in Karachi. In a statement released to the media on Wednesday, the Commission said: “HRCP is greatly alarmed by a recent report submitted in court about Dr Hussain’s psychiatric condition. According to media coverage based on the report, he is reported to be under extreme mental stress and suffersRead More
SECP issues directive on life insurance, family takaful product illustrations
ISLAMABAD, 30 MAR (DNA) – The Securities and Exchange Commission of Pakistan (SECP) issued a directive to life insurance and family takaful sector on product illustrations through SRO number 255(I)/2016. Life insurance and family takaful products are long-term financial protection and savings vehicle for the individual policyholders. These products are long-term in nature, typically ranging over 10 to 20 years. Life insurers use product illustration to describe the life insurance policy benefits for each future policy year. Hence, the product illustration is an integral part of the overall sales processRead More