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Nawaz directs NEPRA to cut power rate by Re 46/unit, rejects 30pc hike in gas tarrif


ISLAMABAD: Prime Minister Nawaz Sharif has ordered a 46-paisa per unit reduction in power tariff. The federal ministry of water and power said that the reduction would be made under the monthly fuel adjustment head for the month of October. The National Electric Power Regulatory Authority will issue a notification in this regard. Prime Minister Nawaz Sharif has rejected proposal of ... Read More »

FBR traces 40,000 potential taxpayers having luxury cars; 2,753 live in Islamabad

vehicles amnesty scheme

ISLAMABAD: As part of its efforts to broaden tax net, the Intelligence and Investigation Wing of the Federal Board of Revenue (FBR) compiled data of more than 40,000 people, possessing luxury vehicles in the price range of over Rs3 million each. The step has been taken to identify potential tax evaders and bring them into the tax net across the ... Read More »

SECP not merging 3 small Islamic investment entities after KASB put in 6mth SBP moratorium


KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has clarified a press report that the Commission is considering merging three small Islamic investment entities after the State Bank of Pakistan (SBP) took control of KASB Bank Limited and said that no such proposal is under consideration. The SECP said the Frist Prudential Modaraba by KASB was being managed by ... Read More »

Nawaz directs NEPRA to slash power tariff by 46-paisa a unit


ISLAMABAD: Prime Minister Nawaz Sharif has ordered a 46-paisa per unit reduction in power tariff. The federal ministry of water and power said that the reduction would be made under the monthly fuel adjustment head for the month of October. The National Electric Power Regulatory Authority will issue a notification in this regard. Read More »

Resilient Karachi stocks recoup losses with 279.48pts, on course to cross 32000pts


KARACHI: The Karachi Stock Exchange recouped its losses of previous two days by gaining 279.48 points on the last day of trading on Friday. On Thursday, panic gripped the Karachi Stock Exchange after bears assailed the market, pushing investors to book profit in the lead of mutual funds. At least 517.25 points or 1.63 percent of cash had been washed ... Read More »

$26b exports target in tatters: APTMA rings alarm bells on gas suspension for 4 months


ISLAMABAD: Crippling energy crisis and uncertain political scenario pushed the country’s textile exports by 1.54 percent during July-October (Four months) of the financial year 2014-15. The textile exports stood at $4.6 billion during July-October 2014-2015 as against $4.7 billion in the corresponding period last year, showing a decline of 1.54 percent, according to the Pakistan Bureau of Statistics (PBS). After ... Read More »

Saddozai secures NEPRA chairman slot for 5-years


  ISLAMABAD: Brigadier (Retired ) Tariq Saddozai was appointed as NEPRA Chairman for five years. His appointment was made on the basis of his vast experience in Power Sector. He achieved the targets assigned to him as CEO Pesco. Prior to being CEO Pesco, he performed as MD Karachi Electric Supply Company.  As CEO Pesco Brig(Rtd)Tariq Saddozai did well to ... Read More »

LCCI asks politicians to support private sector for economic revolution


LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged all the political parties to shun their differences and join hands with the private sector for preparation and implementation of a national agenda to bring about an industrial and economic revolution. In a statement LCCI President Ijaz A. Mumtaz, Senior Vice President Mian Nauman Kabir and Vice President Syed ... Read More »

$10b contract: 1,735-km TAPI gas pipeline to have project leader by Feb 2015


ASHGABAT: Turkmenistan-Afghanistan-Pakistan-India (TAPI), a group comprising four countries, is proposing to develop a natural gas pipeline from Turkmenistan to Pakistan and India through Afghanistan. TAPI will select a company to spearhead the ambitious project early next year. Turkmenistan, which holds the world’s fourth-largest natural gas reserves, has long sought to diversify its exports of the fuel away from former imperial ... Read More »

League of Legends program Riot’s Big Bounty offers $100 for finding exploits


TOKYO: Developer of League of Legends has announced a program titled “Riot’s Big Bounty Program”, under which they invite all the hackers to find out any exploit in the game. And for finding each exploits the League of legends game, developer Riot will pay them $100. In a statement, Riot confessed how a 24-year-old Australian gamer found how a malicious ... Read More »

Chevrolet unveils 900 horsepower laser-powered 240mph concept car

Chevrolet's 2015

LOS ANGELES: It is a glimpse of the future of racing cars – where lasers are used instead of combustion engines, and the only cockpit displays are beamed onto the driver’s helmet. Chevrolet says the Chaparral 2X Vision Gran Tursimo (VGT) concept was developed for the PlayStation 3 racing game, Gran Turismo 6 – but the firm has now built ... Read More »

100% electric-powered Mitsubishi XR-PHEV no more a concept car

Mitsubishi XR-PHEVb

LOS ANGELES: Mitsubishi has made plenty of good vehicles over the years, but this time it has brought this angular plug-in hybrid crossover XR-PHEV to the LA Auto Show. This futuristic next-generation compact crossover blends the functionality of an SUV, the dramatic, eye-catching appeal and performance of a sports coupe and the drivetrain of a plug-in hybrid electric vehicle (PHEV) ... Read More »

Amazon offers HTC One M8, LG G3 in just $0.01 on Black Friday


NEW YORK:Amazon offers  HTC One M8 and the LG G3  in cost just $0.01 with 2-year contract, and the best part is that shoppers will not even have to wait to take advantage of the deal As the company will be offering their Black Friday deals, which started on Friday. Overall, it is by far the best deal on top-end ... Read More »

‘Gecko Glove’ allows 154 pound man to scale glass wall like Spiderman


NEW YORK: Now, to climb or cling over tall building like Spiderman is not a dream as researchers at Stanford University in California have made a glove-like device, inspired by the tiny gecko. It allowed a 154-pound man to scale a glass wall just like the super hero. It also allows a man to scale a glass wall not only ... Read More »

Galaxy S6 rumors spreading like fire: Android 5.0 Lollipop, quad-HD display


CHICAGO: After the release of Samsung Galaxy S5 the excitement towards the future generation Galaxy S smartphone is spreading like fire because Samsung hinted that they may use the flexible display for the first time in the smartphone. But since the past couple of months lots of things has been revealed for next generation Galaxy smart phone and on other ... Read More »

Mercedes Maybach S600 makes comeback with more power, safety

S-Klasse, S 600 Maybach (X 222) 2014

NEW YORK: The Mercedes Maybach S600, V12-powered flagship is a long-wheelbase for the Mercedes range, and aims to offer a level of individuality beyond that obtainable by the standard S-Class range and Mercedes used China’s Auto Ghangzhou show to revive the Maybach name on an ultra high end S-Class. The Maybach 57 and 62 were expensive efforts at reviving the glory ... Read More »

NCA arrests hijackers across Europe


LANDON: National Crime Agency (NCA) arrests four people who were hijacking the computers, and seven other people were arrested across the Europe. Police said that hijackers were using designed software which allows the stealing of information. Software, which gives complete access to a victim’s webcam, is known as “Ratting”. The malicious software used to gain control, Remote Access Trojans (Rats). ... Read More »

US warns Chinese cyber attackers

Admiral Michael Rogers, the new head of the NSA.

WASHINGTON: National Security Agency (NSA) warns Chinese cyber attachers, China  have the ability to attack and possibly shut down computer systems of U.S. Director (NSA) Michael Rogers said digital attackers have been able to penetrate such systems and perform.China was one of the countries with that capability. Chinese Foreign Ministry spokesman Hong Lei said that Chinese government “forbids” cyber hacking and ... Read More »

SA, Mysidopsis Zsilaveczi find new species “Mysidopsis Zsilaveczi” in False Bay


CAPE TOWN: The University of Cape Town said on Friday a little shrimp equipped with large candy stripe eyes to region off predators has been discovered in South African waters. Griffiths said It’s amazing that we’re still finding so many new species in heavily dived waters such as False Bay, right on our doorstep. 10 to 15 mm-long crustacean has ... Read More »

$45.6b China-Pak economic corridor: $33.7b to add 16520MW energy, $9.6b for roads, railways

PM China

BEIJING: Chinese companies with the help of their government and banks would invest $45.6 billion in Pakistan’s energy and infrastructure projects over the next 6 years. According to new details of the agreement reported by Reuters on Friday, the Chinese companies will be able to operate the projects as profit-making entities, under the deal signed by Prime Minister Nawaz Sharif ... Read More »