Engineer Muhammad Ali Mirza held in ‘preventative detention’

Engineer Muhammad Ali Mirza was taken into ‘preventative custody’ from his academy in Jhelum, police said on Tuesday, a day after reports of his arrest surfaced.  According to Jhelum Deputy Commissioner Muhammad Meesam Abbas and District Police Officer Ahmed Mohiyuddin, Mirza’s was detained under Section 3 of the Maintenance of Public Order ordinance. Under Section 3 of … Read more

Industry opposes 50% gas tariff rise

[ ISLAMABAD: The private sector has rejected the increase in gas transportation tariff by up to 50% proposed by a public utility, warning that it will lead to the collapse of the competitive market created by the regulator for private players. It said that high gas tariffs would also burden consumers and underlined the need … Read more

Dar meets Turkish and other counterparts on OIC sidelines

Deputy Prime Minister and Foreign Minister Ishaq Dar met Turkish Foreign Minister Hakan Fidan in Jeddah on Tuesday to express appreciation for his chairmanship of the 21st Extraordinary Session of the Organisation Islamic Cooperation (OIC) Council of Foreign Ministers.  The two parties reaffirmed firm solidarity with the Palestinian people. Dar also stressed on “strengthening our [Pakistan and Turkey’s] multifaceted cooperation”. … Read more

SECP eases corporate account openings

[ ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), in its drive to promote standardisation and uniformity, has issued a circular under the Companies Act, 2017. The circular prescribes a standard format of Board Resolution for the opening of corporate bank accounts by companies. This reform is one of the initiatives taken by SECP … Read more

Brazil without Neymar and Vinicius as Paqueta back for World Cup qualifiers

RIO DE JANEIRO: Brazil coach Carlo Ancelotti did not recall Neymar and spared Vinicius Junior for World Cup qualifiers against Chile and Bolivia next month with Lucas Paqueta returning to the national team. The 33-year-old Neymar, who returned to Santos in January, has not worn the Brazil jersey for nearly two years due to repeated … Read more