Thursday, April 28th, 2016
Nawaz inaugurates Rs144bn Havelian-Thakot Motorway in Mansehra
MANSEHRA: “Pakistan is poised for an economic takeoff,” Prime Minister Nawaz Sharif claimed at the inauguration ceremony of the Havelian-Thakot Motorway section in Mansehra on Thursday. The 120-kilometre section of the motorway, part of China Pakistan Economic Corridor (CPEC), is expected to be complete in 42 months with a cost of Rs133.98 billion, China Exim bank will fund 90 per cent of the project, while the remainder will be funded by Pakistan. The stretch of motorway from Havelia passes through Abbottabad, Mansehra and Shinkiari, ending at Thakot. In line withRead More
FAPUASA expresses concern over HEC unauthorized notices to Universities
ISLAMABAD, 28 APR, (DNA) – The appointment of faculty members serving under Tenured Track System (TTS) on administrative posts such as Vice Chancellor, Director Research, Dean of a Faculty and Head of Department is a prerogative of the Syndicates of public sector universities, and the HEC being merely a recommendatory body has no role in this matter, states a letter issued today (Thursday, 28 April 2016) by the Federation of All Pakistan Universities Academic Staff Associations FAPUASA (Islamabad Chapter) and addressed to a Consultant of Quality Assurance Division (QAD) atRead More
US removes Pakistan from intellectual property shame list; India, China stay
WASHINGTON: 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 piracy and counterfeiting and updating their copyright laws. India stays on the highest priority watch list due to lackRead More
NBP Records 23% growth in profit
KARACHI, 28 APR (DNA) – The Board of Directors of National Bank of Pakistan, in their meeting held on Thursday at the Bank’s Head Office Karachi, approved the financial statements of the bank for the quarter ended March 31, 2016. The bank, for the three month period ended March 31, 2016 recorded a pre-tax profit of Rs. 6.2 billion 23% higher than Rs. 5.0 billion for the corresponding period of 2015. Similarly, the after-tax profit also remained 23% higher at Rs. 4.0 billion compared to Rs. 3.3 billion for theRead More