Senate exceeds austerity target by 500%

ISLAMABAD: The Senate has surrendered Rs1.436 billion savings to the national exchequer through an austerity and expenditure rationalisation programme, exceeding the target prescribed by the Finance Division by 500 per cent and setting what officials termed a new benchmark for fiscal discipline. The amount makes up 15.9 per cent of the upper house’s total budget…

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President Perez calls club elections

Real Madrid president Florentino Perez addresses the media after a stormy season at the Spanish giants. Photo: AFP LONDON: Real Madrid president Florentino Perez on Tuesday called club elections and announced that he would stand again.“I am not going to resign,” the 79-year-old Perez told a press conference towards the end of a season which…

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Land erosion along Leh rings alarm bells

BANKS MAY BURST: Torrential rains and high floods cause severe soil erosion along the banks of Nullah Leh in Rawalpindi. PHOTO: EXPRESs RAWALPINDI: Off-season torrential monsoon rains and flooding in the twin cities of Rawalpindi and Islamabad have triggered severe land erosion along the banks of the 18-kilometre-long Nullah Leh, leaving several residential areas just…

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Pakistan seeks 50% price cut for Iran gas

In a bid to kick off work without any hiccups, Chinese companies would become partners in building the gas pipeline, which would snake through 1,100km with transmission capacity of 1.2 billion cubic feet per day. PHOTO: FILE ISLAMABAD: Pakistan has asked Iran to make up to 50% reduction in the price of gas to be…

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Refinery stocks take PSX up by 398 points

KARACHI: Pakistan Stock Exchange (PSX) on Monday ended trading on a positive note as the benchmark KSE-100 index gained 397.83 points, or 0.22%, to settle at 180,502.45. The market maintained its upward march for most of the session, where the index moved between the intra-day high of 181,158.87 and the low of 180,281.75. The advance…

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Japan’s Hojo wins first gold of Asian Games

Japan’s Takumi Hojo holds the first gold medal of the Asian Games after winning the men’s individual triathlon in Gamagori city near Nagoya. Photo: AFP NAGOYA: The first gold medal of the 20th Asian Games was won on Sunday by host nation Japan as a 13-year-old swimmer from China started in blistering form on the…

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Kerfuffle in NA over Imran’s hospital fiasco

ISLAMABAD: The government and opposition traded barbs in the National Assembly on Friday over the hospital transfer and health of former prime minister Imran Khan. The opposition accused the government of undermining a Supreme Court order as the government insisted there was no serious cause for concern about Imran’s health. The National Assembly session, presided…

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