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Author : Atif Iqbal

UAE business conditions at record high on orders, output

DUBAI (Reuters) – Private sector business activity in the United Arab Emirates hit a series record high in February as new orders and output rose sharply, a purchasing managers’ survey showed on Thursday. The HSBC UAE Purchasing Managers’ Index (PMI), which measures the performance of the OPEC member’s manufacturing and services sectors, rose to 54.3[…]

SHC allows fertiliser import thru Gwadar Port

KARACHI: The Sindh High Court has allowed Trading Corporation of Pakistan to import fertiliser through Gwadar Port. With this order, the court vacated the case filed by A R Khan & Sons versus the Trading Corporation of Pakistan (TCP) and the Federation of Pakistan.

LDA given last chance for reply

The Lahore High Court on Wednesday gave last chance to the Lahore Development Authority to furnish relevant record on a petition challenging proposed conversion of recreational park at the Lahore Press Club Journalist Housing Scheme Lahore into a residential area by way of carving out of it plots for as many as 295 newly inducted[…]

CDA directed not to issue revised layout plan for housing societies

ISLAMABAD: The sub-committee of the Senate Standing Committee on Cabinet Secretariat on Tuesday directed Capital Development Authority (CDA) not to issue revised layout plan (LOP) for any cooperative housing societies. A meeting of the sub-committee was held under the chairmanship of Shahid Hassan Bugti to discuss joint report of CDA and Islamabad Capital Territory (ICT)[…]

Baloch cultural day to be celebrated today

KARACHI: Baloch cultural day will be celebrated on Wednesday (today) throughout the country mainly in Balochistan and Sindh provinces besides in Iran, Afghanistan, Dubai, Muscat, Bahrain, Saudi Arabia and India. The Visionary Group of Gwadar, involved in developing, construction and social services in Balochistan, has taken the initiative of highlighting and promoting Balochi culture and[…]

Launch of 300 buses remains a pipe dream

Commuters are still waiting for the new bus service on different routes of twin cities of Rawalpindi and Islamabad promised by the Punjab government. Talking to ‘The News,’ commuters said that the provincial government has forgotten the work of public welfare.

CDA, NHA response sought on inner city toll plazas

ISLAMABAD: The Islamabad High Court issued notices to Capital Development Authority (CDA) Chairman Imtiaz Inayat Elahi and National Highway Authority (NHA) Chairman Altaf Ahmed Chaudhry on Monday in a case concerning toll taxes. Amir Masood Mughal, a resident of Islamabad, filed a writ petition through his legal counsel Farrukh Dall contesting the legality of collecting[…]

Pact to improve bus service

Advisor to Chief Minister and Lahore Transport Company (LTC) chairman Khawaja Ahmad Hassaan has said that First Urban Bus Transport Company and Foton Bus Company have signed agreements with the LTC for the provision of standardized transport facilities to the citizens. He said that four hundred new buses would ply city roads and unlawful transport[…]

SC strongly objects to statements on Drag race tragedy

ISLAMABAD: The Supreme Court on Monday expressed its displeasure over the use of language in written statements about a compromise reached between the accused and legal heirs of those persons killed in Drag race held in Rawalpindi on December 5. A three-member bench of supreme court comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Muhammad Sair[…]

Bahria Town drag car race

SC for action against sponsors; culprits still at large Court rejects settlement between families of organisers and victims ISLAMABAD: Supreme Court on Monday directed Punjab police and Federal Investigation Agency (FIA) to take action against the sponsors of illegal drag race and observed that police officers were trying to save skins of influential persons by[…]

Gulf Markets Dive as Unrest Spreads

DUBAI—Persian Gulf stock markets tumbled again Monday, hitting multi-month lows, as fast-spreading unrest in the Arab world threatened to disrupt the region’s oil monarchies. “Investors are now pricing in bigger political risk premiums as unrest spreads in the region. There was evidence of more foreign selling today,” said an equities trader in Dubai at investment[…]

Companies encouraged to reduce staff commute

Abu Dhabi: The government is calling upon private firms and government agencies that are planning to establish operations in Abu Dhabi to encourage their staff to stay in the capital, according to the latest report published by Jones Lang Lasalle. The move is aimed at reducing the level of commuting from Dubai and also supporting[…]

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Atif Iqbal from eProperty®