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Print - 2019-03-20
National Throw Ball Championship begins

National Throw Ball Championship begins

National Women and Men Throw Ball Championship got under way with the collaboration of District Govt and Directorate of Sports Khyber Pakhtunkhwa here at indoor hall of the Sahibzada Abdul Qayyum Auditorium University of Peshawar Campus on Tuesday. Nazim
Published 20 Mar, 2019 12:00am
Big win for PSG as UEFA financial probe dropped

Big win for PSG as UEFA financial probe dropped

Paris Saint-Germain won a major victory Tuesday when the world's top sports court backed the club against European football's governing body UEFA over allegations of financial wrongdoing.
Published 20 Mar, 2019 12:00am
Noor, Hamza, Saki Ullah win titles in Qatar Junior Squash

Noor, Hamza, Saki Ullah win titles in Qatar Junior Squash

Top seeds Noor Zaman of Under-17, Muhammad Hamza of Under-15 and Saki Ullah of Under-11 categories clinched the titles in the Qatar Junior International Squash Championship being played at Khalifa International Tennis and Squash on Monday.
Published 20 Mar, 2019 12:00am
Everton boss Silva fined for Newcastle outburst

Everton boss Silva fined for Newcastle outburst

Everton manager Marco Silva has been fined £12,000 ($16,000, 14,000 euros) for confronting match officials on the pitch following his side's 3-2 defeat at Newcastle earlier this month, the Football Association announced Tuesday.
Published 20 Mar, 2019 12:00am
Sky and 21st Century Fox agree sale of cycling's Team Sky to Ineos

Sky and 21st Century Fox agree sale of cycling's Team Sky to Ineos

Sky and 21st Century Fox have agreed the sale of Team Sky to chemicals giant Ineos, Team Sky announced on Tuesday. Ineos, owned by Britain's richest man, Jim Ratcliffe, will become the sole owners from May 1 and will continue to fund the current team in f
Published 20 Mar, 2019 12:00am
Dollar near two-week low in Asia
Currency

Dollar near two-week low in Asia

The dollar was on the defensive on Tuesday, weighed by growing expectations the Federal Reserve would adopt a more accommodative policy outlook this week and concerns about slower US economic growth. The dollar index, which measures the greenback against
Published 20 Mar, 2019 12:00am
Yen, euro move higher in Europe
Currency

Yen, euro move higher in Europe

The Japanese yen rose on Tuesday, benefiting from a US dollar hit by concern over the US economy and expectations that the Federal Reserve will prove accommodative at a meeting this week. The euro also profited from the weaker dollar, adding 0.2 percent t
Published 20 Mar, 2019 12:00am
Dollar index little changed in NY

Dollar index little changed in NY

The US dollar was little changed against a basket of currencies on Monday, sticking close to a two-week low, as caution about the American economy and expectations for an accommodative Federal Reserve kept the greenback subdued. The dollar index, which tr
Published 20 Mar, 2019 12:00am
Aussie, kiwi mark time for Fed

Aussie, kiwi mark time for Fed

The Australian and New Zealand dollars marked time on Tuesday as investors counted down to what is expected to be an accommodative US policy meeting, while domestic events added to the chance of stimulus at home. The Aussie dollar was steady at $0.7102, h
Published 20 Mar, 2019 12:00am
Most Asian units advance

Most Asian units advance

Most emerging Asian currencies strengthened against a weaker dollar on Tuesday, on expectations that the US Federal Reserve will confirm a dovish stance, amid slowing global growth, at a policy meeting beginning later in the day. The Fed, which raised rat
Published 20 Mar, 2019 12:00am
Rand steadies

Rand steadies

South Africa's rand steadied on Tuesday as the prospect of rolling blackouts and downbeat economic data offset expectations that a dovish tone at this week's US Federal Reserve policy meeting could lift emerging market assets. At 1637 GMT, the rand traded
Published 20 Mar, 2019 12:00am
Sterling briefly rises above $1.33
Currency

Sterling briefly rises above $1.33

The pound extended gains on Tuesday and briefly climbed above $1.33 line on expectations that European Union officials would give Britain a delay on Brexit negotiations. Sterling strengthened as much as 0.4 percent to a high of $1.3311 after a report from
Published 20 Mar, 2019 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,740. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.954 billion and the number of lots traded 8,210.
Published 20 Mar, 2019 12:00am
CBOT wheat futures lower

CBOT wheat futures lower

Chicago Board of Trade wheat futures settled lower on Monday on technical selling and sluggish export demand for US supplies, traders said. CBOT May soft red winter wheat settled down 5-1/2 cents at $4.56-3/4 per bushel. K.C. May hard red winter wheat end
Published 20 Mar, 2019 12:00am
CBOT corn futures fall on contract lows

CBOT corn futures fall on contract lows

Chicago Board of Trade (CBOT) corn futures closed lower on Monday, halting a four-session rebound from contract lows set last week, as traders focused on disappointing weekly US export data and the absence of a US trade deal with China. CBOT May corn sett
Published 20 Mar, 2019 12:00am
Euronext wheat lower after two-week high
Currency

Euronext wheat lower after two-week high

Euronext wheat edged lower on Monday as a drop in Chicago encouraged Paris prices to consolidate after a two-week high fuelled by a flurry of French exports. Benchmark May milling wheat lost 0.3 percent to settle 0.50 euros down at 188.75 euros ($213.78)
Published 20 Mar, 2019 12:00am
CBOT soyabean futures down on technical selling

CBOT soyabean futures down on technical selling

Chicago Board of Trade soyabean futures closed lower on Monday on technical selling and the absence of any news on a US trade deal with China, the world's biggest soya importer, traders said. CBOT May soyabean futures settled down 3-1/2 cents at $9.05-3/4
Published 20 Mar, 2019 12:00am
Mixed rains in Ivory Coast raises concerns over cocoa mid-crop

Mixed rains in Ivory Coast raises concerns over cocoa mid-crop

Abundant showers in most of Ivory Coast's cocoa regions last week augured well for the April-to-September mid-crop, farmers said on Monday, despite concerns over below-average rainfall in the centre of the country. Ivory Coast, the world's top cocoa produ
Published 20 Mar, 2019 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 134,893 tonnes of cargo comprising 82,249 tonnes of import cargo and 52,644 tonnes of export cargo including 5,972 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 82
Published 20 Mar, 2019 12:00am
Business activity rises on cotton market
Cotton

Business activity rises on cotton market

Business activity improved on the cotton market on Tuesday as mills indulged in purchasing of fine type, dealers said. The official spot rate unchanged at Rs 8,700, they added. In the ready session, approximately, 2400 bales of cotton changed hands betwee
Published 20 Mar, 2019 12:00am
Chinese iron ore futures rise to two-week high

Chinese iron ore futures rise to two-week high

Chinese iron ore futures rose by more than 3 percent to a two-week high on Monday, supported by concerns over tight supply of the steel-making raw material after Vale SA announced further production cuts. The Brazilian miner said on Saturday that it would
Published 20 Mar, 2019 12:00am
'Rubble pile' asteroid holds clues to Earth's water story

'Rubble pile' asteroid holds clues to Earth's water story

An asteroid described as a "pile of rubble" is rich in hydrated minerals that could help solve the mystery of how Earth got its water, scientists said Tuesday. The Ryugu asteroid, around 300 million kilometres (185 million miles) from Earth, is estimated
Published 20 Mar, 2019 12:00am
Canada to assess Boeing 737 MAX airworthiness without US

Canada to assess Boeing 737 MAX airworthiness without US

Canada said Tuesday it will make its own assessment of Boeing's modifications to its 737 MAX airliners before allowing them to fly again in its airspace, after two crashes in less than five months. "Of course, when that software change is ready, which is
Published 20 Mar, 2019 12:00am
Abel Prize for maths awarded to woman for first time

Abel Prize for maths awarded to woman for first time

The Abel Prize in mathematics was on Tuesday awarded to Karen Uhlenbeck of the United States for her work on partial differential equations, the first woman to win the award, the Norwegian Academy of Science and Letters said. "Karen Uhlenbeck receives the
Published 20 Mar, 2019 12:00am
CPJ condemns Afghan journalist killing

CPJ condemns Afghan journalist killing

The Committee to Protect Journalists strongly condemns the killing of Afghan journalist Sultan Mahmoud Khairkhwah and calls on authorities to investigate his killing and improve the safety of journalists in the country. Khairkhwah, a reporter for the priv
Published 20 Mar, 2019 12:00am
Longtime Kazakh leader announces shock resignation

Longtime Kazakh leader announces shock resignation

Kazakhstan President Nursultan Nazarbayev shocked the nation on Tuesday by announcing his resignation after nearly 30 years in power. The Central Asian strongman, 78, had ruled Kazakhstan since before the collapse of the Soviet Union and leaves no obvious
Published 20 Mar, 2019 12:00am
Two dead, dozens trapped, in India building collapse

Two dead, dozens trapped, in India building collapse

At least two people have died and dozens are feared trapped under rubble after a building site collapsed Tuesday in India's southern Karnataka state, officials told AFP. Rescue teams and ambulances were scrambling to Dharwad district, roughly 700 kilometr
Published 20 Mar, 2019 12:00am
UN presents new plan for Yemen pullback from key port

UN presents new plan for Yemen pullback from key port

The United Nations will put forward a new plan for the pullback of forces from Yemen's flashpoint city of Hodeida to the government and Huthi rebels, a UN envoy said Tuesday. The redeployment of forces was agreed in December under a ceasefire deal reached
Published 20 Mar, 2019 12:00am
Bomb scare in Brussels EU quarter

Bomb scare in Brussels EU quarter

Part of the European quarter in Brussels was evacuated on Tuesday, just two days before a European summit following a bomb threat to a lobbying firm. The call was received by GPLUS, a public affairs and strategic communications consulting firm located acr
Published 20 Mar, 2019 12:00am
UAE announces pan-Arab body for space programme

UAE announces pan-Arab body for space programme

Eleven Arab states including Saudi Arabia, Algeria and Morocco on Tuesday signed on to the first regional team to cooperate on a space programme, the UAE said. "Today at the Global Space Congress in Abu Dhabi, we attended the signing of a charter to estab
Published 20 Mar, 2019 12:00am
Syrian businessman linked to Assad arrested in Kuwait

Syrian businessman linked to Assad arrested in Kuwait

A prominent Syrian businessman with close ties to Syrian President Bashar al-Assad has been arrested in Kuwait, his lawyer said Tuesday. Mazen al-Tarazi was arrested late Monday at his offices, his lawyer Badr al-Yacoub told AFP. He said that he did not y
Published 20 Mar, 2019 12:00am
Assad praises Russia's role in Syria conflict

Assad praises Russia's role in Syria conflict

Syrian President Bashar al-Assad met with Russia's defence minister Tuesday, stressing the importance of coordination between the two countries in the fight against "terrorism", state media said. The meeting came one day after the military chiefs of staff
Published 20 Mar, 2019 12:00am
US accuses Russia, China of undermining space peace push

US accuses Russia, China of undermining space peace push

The US on Tuesday accused Russia and China of raising the risk of conflict in space, notably by developing anti-satellite weapons, as diplomats held talks on a treaty to keep space peaceful.
Published 20 Mar, 2019 12:00am
US sanctions Venezuela state gold mining company: Treasury

US sanctions Venezuela state gold mining company: Treasury

The United States slapped sanctions Tuesday on a Venezuelan state mining company, charging that its illicit gold operations were being used to prop up President Nicolas Maduro and his inner circle. The action was taken against CVG Compania General de Mine
Published 20 Mar, 2019 12:00am
Trump warns of 'a lot tougher' sanctions on Venezuela

Trump warns of 'a lot tougher' sanctions on Venezuela

President Donald Trump warned Tuesday that the United States could impose "a lot tougher" sanctions on Venezuela as he urged the country's military to depose leftist leader Nicolas Maduro.
Published 20 Mar, 2019 12:00am
ADB okays $9 million to support KP urban sector projects

ADB okays $9 million to support KP urban sector projects

Asian Development Bank (ADB) has approved $9 million in project readiness financing (PRF) to support the preparation and design of urban sector projects in Khyber Pakhtunkhwa (KPK), which will support the Government of Pakistan in accelerating the deliver
Published 20 Mar, 2019 12:00am
Khairpur Sugar Mills Limited
Cotton

Khairpur Sugar Mills Limited

Khairpur Sugar Mills Limited (PSX: KPUS) has been in operation since 1973, as an unregistered proprietorship/partnership unit. It was incorporated on August 23, 1989 as a public limited company followed by an IPO on Pakistan Stock Exchange (then Karachi S
Published 20 Mar, 2019 12:00am
Khairpur Sugar Mills Limited
Cotton

Khairpur Sugar Mills Limited

Khairpur Sugar Mills Limited (PSX: KPUS) has been in operation since 1973, as an unregistered proprietorship/partnership unit. It was incorporated on August 23, 1989 as a public limited company followed by an IPO on Pakistan Stock Exchange (then Karachi S
Published 20 Mar, 2019 12:00am
Pension fund market stands at Rs 27.037 billion

Pension fund market stands at Rs 27.037 billion

The pension fund market of Pakistan comprised of 10 pension fund managers, which are managing 19 pension funds, having cumulative assets under management (AUM) of Rs27.037 billion as on January 2019.
Published 20 Mar, 2019 12:00am
Four hurt as roof collapses in Landi Kotal

Four hurt as roof collapses in Landi Kotal

As many as four persons of same family sustain injuries when roof of a room caved in Shiekhmal Khel area of Landi Kotal on Tuesday. The local administration official said that due to torrential rain, roof of a room of house of Munir Khan of Alam Khani vil
Published 20 Mar, 2019 12:00am
Exports of labourers nosedives to 0.35 million in last four years: Zulfi

Exports of labourers nosedives to 0.35 million in last four years: Zulfi

Special Assistant to Prime Minister on Overseas Pakistanis & Human Resource Development, Zulfikar Bukhari on Tuesday acknowledged a massive drop in Pakistan's labour export and stated that the country is lagging behind even from Bangladesh in terms of pro
Published 20 Mar, 2019 12:00am
FBR clarifies Benami Transactions (Prohibition) Rules, 2019
Currency

FBR clarifies Benami Transactions (Prohibition) Rules, 2019

After implementation of Benami Transactions (Prohibition) Rules, 2019, the Federal Board of Revenue (FBR) has clarified that a Benami property means any property which is subject matter of Benami transaction and also includes proceeds from such property.
Published 20 Mar, 2019 12:00am
Mere 120,230 of total 225,963 units filing returns

Mere 120,230 of total 225,963 units filing returns

The level of non-compliance in Pakistan is evident from the fact that out of total 225,963 units registered with the sales tax department, only 120,230 are filing returns whereas only 22,092 units are submitting payments with the monthly sales tax returns
Published 20 Mar, 2019 12:00am
Fatyana for conversion of legislative assembly into representative body

Fatyana for conversion of legislative assembly into representative body

Efforts should be made to convert legislative assembly into a representative body to ensure representation from all walks of life in the National Assembly. Chairman National Assembly Standing Committee on Law and Justice Riaz Fatyana, who is also a senior
Published 20 Mar, 2019 12:00am
LCCI for immediate release of refund claims

LCCI for immediate release of refund claims

The Lahore Chamber of Commerce and Industry has urged the Federal Finance Minister Asad Umer and Federal Board of Revenue to release refund claims of the trade and industry up to Rs10 million in the first phase as the businesses are facing serious shortag
Published 20 Mar, 2019 12:00am
Shahbaz slams government for not allowing family to meet Nawaz

Shahbaz slams government for not allowing family to meet Nawaz

Pakistan Muslim League-Nawaz (PML-N) President and Opposition Leader in National Assembly, Shahbaz Sharif has criticized the PTI-led Punjab government for not allowing members of Sharif family to see ailing Nawaz Sharif in Kot Lakhpat Jail and termed it a
Published 20 Mar, 2019 12:00am
Senate's performance during parliamentary year 2018-19 lauded

Senate's performance during parliamentary year 2018-19 lauded

During his one-year in the Senate, Sadiq Sanjrani did pretty well as the House legislated, debated and streamlined issues of national and public interest during parliamentary year 2018-19. The House did legislation for protection of basic rights of childr
Published 20 Mar, 2019 12:00am
Decline in trade deficit attributed to decrease in imports

Decline in trade deficit attributed to decrease in imports

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has expressed that exports could not be increased as expected despite incentives being provided to this sector. Decrease of $ 2.7 billion in the trade deficit is due to dec
Published 20 Mar, 2019 12:00am
PDA urges government to appoint dental surgeons in all RHCs

PDA urges government to appoint dental surgeons in all RHCs

The Pakistan Dental Association (PDA) has warned that situation of availability of dentists in small towns and rural areas of the country has become so much dismal that fatal oral diseases among their populace could spread like an epidemic if due correcti
Published 20 Mar, 2019 12:00am
PML-N questions Tareen's presence in cabinet's meeting

PML-N questions Tareen's presence in cabinet's meeting

Pakistan Muslim League-Nawaz (PML-N) has questioned the alleged participation of Jahangir Tareen in the federal cabinet meeting and asked the Prime Minister to explain how he allowed a convicted person to attend the meeting of the constitutional body. "Pr
Published 20 Mar, 2019 12:00am
Lahore Ring Road (Southern Loop-III) project accorded approval

Lahore Ring Road (Southern Loop-III) project accorded approval

The Public-Private Partnership (PPP) Steering Committee has accorded approval to the landmark project of Lahore Ring Road (Southern Loop-III) stretching eight kilometers from Adda Plot to Maraka on Multan Road in public private partnership mode. The road
Published 20 Mar, 2019 12:00am
Reversal of NJPMC decision: Bar associations to observe two-day strike

Reversal of NJPMC decision: Bar associations to observe two-day strike

Bar associations throughout the country have been urged to observe a two-day nationwide strike on March 20 & 21 for reversal of National Judicial Policy Making Committee (NJPMC) decision regarding Sections 22A and 22B of the Criminal Procedure Code (CrPC)
Published 20 Mar, 2019 12:00am
Country to have bumper wheat crop this year: CAP chief

Country to have bumper wheat crop this year: CAP chief

Cereal Association of Pakistan (CAP) has said that exports of wheat products are allowed freely without any restrictions through sea route. Muzzammil R Chappal, chairman CAP, has said that Pakistan will have a bumper wheat crop this year and Prime Ministe
Published 20 Mar, 2019 12:00am
Bahrain National Guard Commander meets CoAS

Bahrain National Guard Commander meets CoAS

Army chief and Bahrain National Guard Commander Tuesday agreed to further enhance military cooperation between the two countries. Commander of the National Guard of the Kingdom of Bahrain, Lieutenant General Sheikh Mohamed Bin Isa Bin Salman Al-Khalifa ca
Published 20 Mar, 2019 12:00am
440 fugitives, 358 POs arrested

440 fugitives, 358 POs arrested

As many as 441 absconders and 358 proclaimed offenders (POs) are among those 1,581 arrested by Sindh police in last week. A spokesman of the provincial police said on Tuesday that those involved in various crimes were arrested in raids at different police
Published 20 Mar, 2019 12:00am
Three new faculties added to ZU

Three new faculties added to ZU

Ziauddin University (ZU) has introduced three new faculties, including Law, Liberal Arts & Human Sciences and Eastern Medicines & Natural Sciences, Vice Chancellor said on Tuesday. The ZU VC Prof Dr Pirzada Qasim Raza Siddiqui told journalists at ZU Clift
Published 20 Mar, 2019 12:00am
Valuation ruling system termed 'primitive'

Valuation ruling system termed 'primitive'

Mukaram Jah, Director Valuation has termed valuation ruling system as primitive, stressing upon efficient Post Clearance Audit (PCA) to plug revenue leakage and ensure maximum facilitation to the trade. Speaking at a discussion on "Transactional Values an
Published 20 Mar, 2019 12:00am
Safeguarding local businessmen's interest top priority: Razak

Safeguarding local businessmen's interest top priority: Razak

Adviser to Prime Minister on Commerce, Textile, Industries, Production and Investment Abdul Razak Dawood has said safeguarding the interest of Pakistani businessmen is the top priority of current PTI-led government. Dawood also stressed that Pakistan need
Published 20 Mar, 2019 12:00am
High treason case: special court seeks questionnaire for Musharraf

High treason case: special court seeks questionnaire for Musharraf

The Special Court accepting the power of attorney of General Pervez Musharraf's (retd) counsel said on Tuesday that a questionnaire for former army chief would be prepared on the next date of hearing. A three-judge special court, headed by Chief Justice B
Published 20 Mar, 2019 12:00am
Prime Minister to visit Sindh on March 29

Prime Minister to visit Sindh on March 29

Prime Minister Imran Khan will arrive on a visit of Sindh from March 29, citing sources. The premier will arrive in Karachi on a three-day visit of the province, sources said. He will preside over a high-level meeting during his stay in Karachi, according
Published 20 Mar, 2019 12:00am
Huge amount of local and foreign currency seized
Currency

Huge amount of local and foreign currency seized

Federal Investigation Agency (FIA) on Tuesday foiled what it claimed to be a bid of money-laundering by seizing a huge amount of local and foreign currencies from an exchange company in metropolis. FIA State Bank Circle conducted the raids in I I Chundrig
Published 20 Mar, 2019 12:00am
Qureshi, Chinese VP discuss bilateral ties, CPEC

Qureshi, Chinese VP discuss bilateral ties, CPEC

Foreign Minister Shah Mehmood Qureshi called on Chinese Vice President Wang Qishan in Beijing where they discussed bilateral relations and progress on the China-Pakistan Economic Corridor (CPEC). The high-ups have also exchanged views on important regiona
Published 20 Mar, 2019 12:00am
PPP to lodge FIR against Rashid

PPP to lodge FIR against Rashid

Pakistan Peoples Party (PPP) would lodge a first information report (FIR) in Rawalpindi against Federal Minister for Railways Sheikh Rashid Ahmed for hurling death threats at Chairman PPP Bilawal Bhutto Zardari. "Federal Minister for Railways Sheikh Rashi
Published 20 Mar, 2019 12:00am
Who stands to lose more?

Who stands to lose more?

That Air India is paying the price of growing Indian belligerence is a fact that has found its best expression for an NDTV report that says that the airspace ban over Pakistan which began last month is costing Air India dearly. As a result of longer fligh
Published 20 Mar, 2019 12:00am
Policy measures for enhancing textile exports
Cotton

Policy measures for enhancing textile exports

Pakistan's poor trade performance in the last decade is an outcome of diminishing export competitiveness and imprudent national policies. Pakistan has had two textile policies, first five-year textile policy was developed in 2009 and second one came in 20
Published 20 Mar, 2019 12:00am
IMF's conditionalities

IMF's conditionalities

The uncertainty seems to be over, almost. We are going to the International Monetary Fund (IMF) by end March for a new programme, as according to the federal finance minister Asad Umar the differences between the lender of the last resort and the perpetua
Published 20 Mar, 2019 12:00am
Amazing ambience, camaraderie and cricket

Amazing ambience, camaraderie and cricket

This was another March, the antithesis of March 2009 when a terrorist attack on a visiting Sri Lankan cricket team in Lahore earned Pakistan the stigma of a 'no-go zone' for international teams. That is no more the case. In the words of International Cric
Updated 20 Mar, 2019 08:24am
Pakistan at age 100

Pakistan at age 100

World Bank report titled "Pakistan@100 Growth and Investment" launched at a two-day event in Islamabad addressed by several cabinet members, including the Prime Minister and senior World Bank officials, notes Pakistan's potential in various sectors (the t
Updated 20 Mar, 2019 08:24am
PCAA incurs over Rs 1 billion loss

PCAA incurs over Rs 1 billion loss

Pakistan Civil Aviation Authority (PCAA) has suffered a loss of Rs1.16 billion on account of overflight charges or fees since the closure of airspace for overflying from Pakistan''s eastern to western air corridors; it was learnt here.
Published 20 Mar, 2019 12:00am
PCAA incurs over Rs 1 billion loss

PCAA incurs over Rs 1 billion loss

Pakistan Civil Aviation Authority (PCAA) has suffered a loss of Rs1.16 billion on account of overflight charges or fees since the closure of airspace for overflying from Pakistan's eastern to western air corridors; it was learnt here.
Published 20 Mar, 2019 12:00am
PCAA incurs over Rs 1 billion loss

PCAA incurs over Rs 1 billion loss

Pakistan Civil Aviation Authority (PCAA) has suffered a loss of Rs1.16 billion on account of overflight charges or fees since the closure of airspace for overflying from Pakistan's eastern to western air corridors; it was learnt here.
Published 20 Mar, 2019 12:00am