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Archive - 2016-11-10
Chaiwala - now in a bike commercial
Life & Style

Chaiwala - now in a bike commercial

The latest Pakistani heartthrob, Arshad Khan aka Chaiwala, after having taken the whole of social media by a storm; has done numerous television shows to photo-shoots.%D%A%D%A
Published 10 Nov, 2016 07:54am
NPL’s jump by Rs 25 billion
Top News

NPL’s jump by Rs 25 billion

RIZWAN BHATTIKARACHI: Non-Performing Loans (NPLs) of the banking industry posted a phenomenal increase of over Rs 25 bil
Published 10 Nov, 2016 06:26am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
Surprise Triumph

Surprise Triumph

Political novice and former reality TV star Donald Trump has defeated Hillary Clinton to take the US presidency, stunning America and the world in an explosive upset fuelled by a wave of grassroots anger. The Republican mogul immediately pledged to unite
Published 10 Nov, 2016 12:00am
Surprise Triumph

Surprise Triumph

Political novice and former reality TV star Donald Trump has defeated Hillary Clinton to take the US presidency, stunning America and the world in an explosive upset fuelled by a wave of grassroots anger. The Republican mogul immediately pledged to unite
Published 10 Nov, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
Stock markets recover

Stock markets recover

World stock markets reacted with a sharp initial downturn to maverick Republican Donald Trump's shock election win on Wednesday, but quickly recovered their poise with surprising resilience. Asia kicked off a "Trump slump", with Tokyo diving on concerns o
Published 10 Nov, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
Stock markets recover

Stock markets recover

World stock markets reacted with a sharp initial downturn to maverick Republican Donald Trump's shock election win on Wednesday, but quickly recovered their poise with surprising resilience. Asia kicked off a "Trump slump", with Tokyo diving on concerns o
Published 10 Nov, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
Stock markets recover

Stock markets recover

World stock markets reacted with a sharp initial downturn to maverick Republican Donald Trump''s shock election win on Wednesday, but quickly recovered their poise with surprising resilience. Asia kicked off a "Trump slump", with Tokyo diving on concerns
Published 10 Nov, 2016 12:00am
Chinese bemused but optimistic

Chinese bemused but optimistic

Chinese greeted Donald Trump's victory with a mix of optimism and bemusement on Wednesday, unsure how the US president-elect who demonised their country on the campaign trail would approach it once in office. Communist-ruled China does not hold competitiv
Published 10 Nov, 2016 12:00am
Chinese bemused but optimistic

Chinese bemused but optimistic

Chinese greeted Donald Trump's victory with a mix of optimism and bemusement on Wednesday, unsure how the US president-elect who demonised their country on the campaign trail would approach it once in office. Communist-ruled China does not hold competitiv
Published 10 Nov, 2016 12:00am
World leaders take stock of shock win

World leaders take stock of shock win

Politicians world-wide took stock Wednesday of Donald Trump's shock US election victory, with the president-elect winning praise from far-right figures and cautious welcome from key US allies. Russian President Vladimir Putin: "Russia is ready and wants t
Published 10 Nov, 2016 12:00am
World leaders take stock of shock win

World leaders take stock of shock win

Politicians world-wide took stock Wednesday of Donald Trump's shock US election victory, with the president-elect winning praise from far-right figures and cautious welcome from key US allies. Russian President Vladimir Putin: "Russia is ready and wants t
Published 10 Nov, 2016 12:00am
Nawaz congratulates President-elect

Nawaz congratulates President-elect

Prime Minister Muhammad Nawaz Sharif congratulates President-elect of the United States of America Donald J. Trump on his historic victory in the 2016 US presidential elections. "On behalf of the government and people of Pakistan, and on my own behalf, I
Published 10 Nov, 2016 12:00am
Nawaz congratulates President-elect

Nawaz congratulates President-elect

Prime Minister Muhammad Nawaz Sharif congratulates President-elect of the United States of America Donald J. Trump on his historic victory in the 2016 US presidential elections. "On behalf of the government and people of Pakistan, and on my own behalf, I
Published 10 Nov, 2016 12:00am
Tokyo stocks dive 5.4 percent
Currency

Tokyo stocks dive 5.4 percent

Japanese shares went into freefall on Wednesday as Republican presidential candidate Donald Trump closed in on the White House. The benchmark Nikkei 225 index plummeted 5.4 percent, or 919.84 points, to close at 16,251.54 after a wild day of trading. The
Published 10 Nov, 2016 12:00am
Tokyo stocks dive 5.4 percent
Currency

Tokyo stocks dive 5.4 percent

Japanese shares went into freefall on Wednesday as Republican presidential candidate Donald Trump closed in on the White House. The benchmark Nikkei 225 index plummeted 5.4 percent, or 919.84 points, to close at 16,251.54 after a wild day of trading. The
Published 10 Nov, 2016 12:00am
Tokyo stocks dive 5.4 percent
Currency

Tokyo stocks dive 5.4 percent

Japanese shares went into freefall on Wednesday as Republican presidential candidate Donald Trump closed in on the White House. The benchmark Nikkei 225 index plummeted 5.4 percent, or 919.84 points, to close at 16,251.54 after a wild day of trading. The
Published 10 Nov, 2016 12:00am
WTO chief says ready to work with Trump

WTO chief says ready to work with Trump

The head of the World Trade Organisation said Wednesday he stood ready to work with Donald Trump's administration following a US election campaign that saw the former reality TV star rail against global trade. "Congratulations to President-elect @realDona
Published 10 Nov, 2016 12:00am
WTO chief says ready to work with Trump

WTO chief says ready to work with Trump

The head of the World Trade Organisation said Wednesday he stood ready to work with Donald Trump's administration following a US election campaign that saw the former reality TV star rail against global trade. "Congratulations to President-elect @realDona
Published 10 Nov, 2016 12:00am
WTO chief says ready to work with Trump

WTO chief says ready to work with Trump

The head of the World Trade Organisation said Wednesday he stood ready to work with Donald Trump''s administration following a US election campaign that saw the former reality TV star rail against global trade. "Congratulations to President-elect @realDon
Published 10 Nov, 2016 12:00am
He cannot reverse nuclear deal: Rouhani

He cannot reverse nuclear deal: Rouhani

Iran's President Hassan Rouhani said Wednesday there was "no possibility" of its nuclear deal with world powers being overturned by US president-elect Donald Trump despite his threat to rip it up. "Iran's understanding in the nuclear deal was that the acc
Published 10 Nov, 2016 12:00am
He cannot reverse nuclear deal: Rouhani

He cannot reverse nuclear deal: Rouhani

Iran's President Hassan Rouhani said Wednesday there was "no possibility" of its nuclear deal with world powers being overturned by US president-elect Donald Trump despite his threat to rip it up. "Iran's understanding in the nuclear deal was that the acc
Published 10 Nov, 2016 12:00am
Obama, Clinton vow smooth transition for Trump

Obama, Clinton vow smooth transition for Trump

Barack Obama and his vanquished would-be successor Hillary Clinton sought Wednesday to heal the wounds opened by the most acrimonious US election in memory, as they assured President-elect Donald Trump that Americans were "rooting" for his success. Despit
Published 10 Nov, 2016 12:00am
Obama, Clinton vow smooth transition for Trump

Obama, Clinton vow smooth transition for Trump

Barack Obama and his vanquished would-be successor Hillary Clinton sought Wednesday to heal the wounds opened by the most acrimonious US election in memory, as they assured President-elect Donald Trump that Americans were "rooting" for his success. Despit
Published 10 Nov, 2016 12:00am
Motorway to be pledged: government may borrow $500 million

Motorway to be pledged: government may borrow $500 million

Secretary Finance Dr Waqar Masood said Wednesday that the government was considering borrowing $500 million from the international market through issuance of Sukuk Bonds against Islamabad Lahore Motorway to finance the budget. Briefing a meeting of Senate
Published 10 Nov, 2016 12:00am
Motorway to be pledged: government may borrow $500 million

Motorway to be pledged: government may borrow $500 million

Secretary Finance Dr Waqar Masood said Wednesday that the government was considering borrowing $500 million from the international market through issuance of Sukuk Bonds against Islamabad Lahore Motorway to finance the budget. Briefing a meeting of Senate
Published 10 Nov, 2016 12:00am
Motorway to be pledged: government may borrow $500 million

Motorway to be pledged: government may borrow $500 million

Secretary Finance Dr Waqar Masood said Wednesday that the government was considering borrowing $500 million from the international market through issuance of Sukuk Bonds against Islamabad Lahore Motorway to finance the budget. Briefing a meeting of Senate
Published 10 Nov, 2016 12:00am
Former CJP appointed Sindh Governor

Former CJP appointed Sindh Governor

President Mamnoon Hussain on Wednesday appointed former Chief Justice of Pakistan Saeed uz Zaman Siddiqui as Governor of Sindh. The President made his appointment on the advice of Prime Minister Muhammad Nawaz Sharif, a brief statement from the Aiwan-i-Sa
Published 10 Nov, 2016 12:00am
Former CJP appointed Sindh Governor

Former CJP appointed Sindh Governor

President Mamnoon Hussain on Wednesday appointed former Chief Justice of Pakistan Saeed uz Zaman Siddiqui as Governor of Sindh. The President made his appointment on the advice of Prime Minister Muhammad Nawaz Sharif, a brief statement from the Aiwan-i-Sa
Published 10 Nov, 2016 12:00am
CoAS visits Corps HQs Karachi

CoAS visits Corps HQs Karachi

Chief of Army Staff General Raheel Sharif Wednesday visited Corps Headquarters Karachi and attended the ongoing Exercise "Resilient Response". The Army Chief was briefed in detail about the conduct and conclusions of the Exercise encompassing both defensi
Published 10 Nov, 2016 12:00am
CoAS visits Corps HQs Karachi

CoAS visits Corps HQs Karachi

Chief of Army Staff General Raheel Sharif Wednesday visited Corps Headquarters Karachi and attended the ongoing Exercise "Resilient Response". The Army Chief was briefed in detail about the conduct and conclusions of the Exercise encompassing both defensi
Published 10 Nov, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 10 Nov, 2016 12:00am
Eurozone cuts 2017 growth outlook after Brexit
Currency

Eurozone cuts 2017 growth outlook after Brexit

The European Union on Wednesday edged up its eurozone growth forecast for this year but trimmed it for 2017, warning that the economy faced new challenges due to Brexit and rising inequality. Brussels also nearly halved its economic growth outlook for Bri
Published 10 Nov, 2016 12:00am
Eurozone cuts 2017 growth outlook after Brexit
Currency

Eurozone cuts 2017 growth outlook after Brexit

The European Union on Wednesday edged up its eurozone growth forecast for this year but trimmed it for 2017, warning that the economy faced new challenges due to Brexit and rising inequality. Brussels also nearly halved its economic growth outlook for Bri
Published 10 Nov, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 10 Nov, 2016 12:00am
Eurozone cuts 2017 growth outlook after Brexit
Currency

Eurozone cuts 2017 growth outlook after Brexit

The European Union on Wednesday edged up its eurozone growth forecast for this year but trimmed it for 2017, warning that the economy faced new challenges due to Brexit and rising inequality. Brussels also nearly halved its economic growth outlook for Bri
Published 10 Nov, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Nov, 2016 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Nov, 2016 12:00am
Another milestone achieved

Another milestone achieved

Pakistan Stock Exchange (PSX) Wednesday opened on a negative note due to unexpected US presidential election results. The index dropped to 41,355.12 points intra-day low, down 761 points. However, buying in select stocks supported the index to not only re
Published 10 Nov, 2016 12:00am
Another milestone achieved

Another milestone achieved

Pakistan Stock Exchange (PSX) Wednesday opened on a negative note due to unexpected US presidential election results. The index dropped to 41,355.12 points intra-day low, down 761 points. However, buying in select stocks supported the index to not only re
Published 10 Nov, 2016 12:00am
Another milestone achieved

Another milestone achieved

Pakistan Stock Exchange (PSX) Wednesday opened on a negative note due to unexpected US presidential election results. The index dropped to 41,355.12 points intra-day low, down 761 points. However, buying in select stocks supported the index to not only re
Published 10 Nov, 2016 12:00am
BRIndex30 down by 26.72 points

BRIndex30 down by 26.72 points

On Wednesday, BRIndex30 opened at 23,991.68 and remained negative throughout the trading session. It touched an intraday high of 23,991.68 and an intraday low of 23,538.42 and closed at 23,964.96 which was -26.72 points or -0.11 percent lower than previou
Published 10 Nov, 2016 12:00am
BRIndex30 down by 26.72 points

BRIndex30 down by 26.72 points

On Wednesday, BRIndex30 opened at 23,991.68 and remained negative throughout the trading session. It touched an intraday high of 23,991.68 and an intraday low of 23,538.42 and closed at 23,964.96 which was -26.72 points or -0.11 percent lower than previou
Published 10 Nov, 2016 12:00am
Media watchdog warns Trump to respect press freedom

Media watchdog warns Trump to respect press freedom

Media watchdog Reporters Without Borders warned US president-elect Donald Trump Wednesday to respect press freedom, accusing him of bullying journalists throughout his controversial election campaign. The Paris-based group said it was alarmed by threats m
Published 10 Nov, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
US MIDDAY: gold price turns negative

US MIDDAY: gold price turns negative

The price of gold turned slightly negative from the sharp gains made earlier on Wednesday, after a conciliatory victory speech from US President-elect Donald Trump also helped the dollar rebound. Gold had surged by nearly 5 percent to a six-week high of $
Published 10 Nov, 2016 12:00am
USMIDDAY: corn tumbles

USMIDDAY: corn tumbles

US corn futures slid on Wednesday to their lowest level in almost a month and soyabean futures weakened after the US Department of Agriculture raised its domestic harvest estimates from already record-high levels. In a monthly report, the USDA said farmer
Published 10 Nov, 2016 12:00am
Oil edges higher after shock Trump victory for US presidency

Oil edges higher after shock Trump victory for US presidency

Oil prices edged higher on Wednesday as stocks and the dollar bounced back from a huge early slide following Donald Trump's surprise victory in the US presidential election. Crude oil prices tumbled as much as 4.0 percent to near $43 a barrel, a near two-
Published 10 Nov, 2016 12:00am
Cotton settles lower
Cotton

Cotton settles lower

Cotton futures fell on Wednesday after the US government raised its forecast for global and US production and inventories in the 2016-17 crop year. "The 4.5 million bales (the US ending stock projection), considering the crop so far this year, which has b
Published 10 Nov, 2016 12:00am
Furnace oil, LPS: PSO accuses ministry of not paying agreed amount

Furnace oil, LPS: PSO accuses ministry of not paying agreed amount

Pakistan State Oil (PSO) has reportedly accused Ministry of Water and Power of not paying the agreed amount against furnace oil supply and Late Payment Surcharge (LPS) as well as supporting a review of the furnace oil consumption for thermal power plants
Published 10 Nov, 2016 12:00am
THE RUPEE: dollar at Rs 106
Currency

THE RUPEE: dollar at Rs 106

The dollar posted fresh gains, breaching 106 barriers versus the rupee on the money market on Wednesday in the process of trading, dealers said. The rupee lost 10 paisas in terms of the dollar for buying and selling at Rs 105.80 and Rs 106.00 respectively
Published 10 Nov, 2016 12:00am
Furnace oil, LPS: PSO accuses ministry of not paying agreed amount

Furnace oil, LPS: PSO accuses ministry of not paying agreed amount

Pakistan State Oil (PSO) has reportedly accused Ministry of Water and Power of not paying the agreed amount against furnace oil supply and Late Payment Surcharge (LPS) as well as supporting a review of the furnace oil consumption for thermal power plants
Published 10 Nov, 2016 12:00am
THE RUPEE: dollar at Rs 106
Currency

THE RUPEE: dollar at Rs 106

The dollar posted fresh gains, breaching 106 barriers versus the rupee on the money market on Wednesday in the process of trading, dealers said. The rupee lost 10 paisas in terms of the dollar for buying and selling at Rs 105.80 and Rs 106.00 respectively
Published 10 Nov, 2016 12:00am
Furnace oil, LPS: PSO accuses ministry of not paying agreed amount

Furnace oil, LPS: PSO accuses ministry of not paying agreed amount

Pakistan State Oil (PSO) has reportedly accused Ministry of Water and Power of not paying the agreed amount against furnace oil supply and Late Payment Surcharge (LPS) as well as supporting a review of the furnace oil consumption for thermal power plants
Published 10 Nov, 2016 12:00am
January-September NPLs soar by Rs 25 billion

January-September NPLs soar by Rs 25 billion

Non-Performing Loans (NPLs) of the banking industry posted a phenomenal increase of over Rs 25 billion during the first nine months (January-September) of this calendar year (CY16). Bankers said the massive surge in NPLs is not a good sign for the industr
Published 10 Nov, 2016 12:00am
January-September NPLs soar by Rs 25 billion

January-September NPLs soar by Rs 25 billion

Non-Performing Loans (NPLs) of the banking industry posted a phenomenal increase of over Rs 25 billion during the first nine months (January-September) of this calendar year (CY16). Bankers said the massive surge in NPLs is not a good sign for the industr
Published 10 Nov, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
January-September NPLs soar by Rs 25 billion

January-September NPLs soar by Rs 25 billion

Non-Performing Loans (NPLs) of the banking industry posted a phenomenal increase of over Rs 25 billion during the first nine months (January-September) of this calendar year (CY16). Bankers said the massive surge in NPLs is not a good sign for the industr
Published 10 Nov, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
January-September NPLs soar by Rs 25 billion

January-September NPLs soar by Rs 25 billion

Non-Performing Loans (NPLs) of the banking industry posted a phenomenal increase of over Rs 25 billion during the first nine months (January-September) of this calendar year (CY16). Bankers said the massive surge in NPLs is not a good sign for the industr
Published 10 Nov, 2016 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
External debt to GDP ratio declines to 20 percent: Secretary Finance

External debt to GDP ratio declines to 20 percent: Secretary Finance

Secretary Finance Dr Waqar Masood Khan on Wednesday told the Senate Standing Committee on Finance that the country's external debt to GDP ratio had come down from 35 percent in 2013 to 20 percent in 2016. He said that by end June, 2016 the total debt of t
Published 10 Nov, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (November 09, 2016)

Published 10 Nov, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
Uncertainty across Middle East after Trump victory

Uncertainty across Middle East after Trump victory

Uncertainty spread across the Middle East following Donald Trump's US election win, with questions hanging over the war against the Islamic State group, the Israeli-Palestinian conflict and Iran's nuclear deal. In some parts of the region the surprise vic
Published 10 Nov, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 10 Nov, 2016 12:00am
SECP unveils new affidavit for grant of licences to NPOs

SECP unveils new affidavit for grant of licences to NPOs

The Securities and Exchange Commission of Pakistan (SECP) has issued a new affidavit/undertaking for grant of licences or licence renewals to Non-Profit Organisations (NPOs) under section 42 of the Companies Ordinance, 1984. In this regard, the SECP has i
Published 10 Nov, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 10 Nov, 2016 12:00am
SECP unveils new affidavit for grant of licences to NPOs

SECP unveils new affidavit for grant of licences to NPOs

The Securities and Exchange Commission of Pakistan (SECP) has issued a new affidavit/undertaking for grant of licences or licence renewals to Non-Profit Organisations (NPOs) under section 42 of the Companies Ordinance, 1984. In this regard, the SECP has i
Published 10 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
SECP unveils new affidavit for grant of licences to NPOs

SECP unveils new affidavit for grant of licences to NPOs

The Securities and Exchange Commission of Pakistan (SECP) has issued a new affidavit/undertaking for grant of licences or licence renewals to Non-Profit Organisations (NPOs) under section 42 of the Companies Ordinance, 1984. In this regard, the SECP has i
Published 10 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 09, 2016).

Published 10 Nov, 2016 12:00am
Overcharged in September: KE to refund Re0.84 per unit to consumers

Overcharged in September: KE to refund Re0.84 per unit to consumers

Karachi Electric (KE) is to refund Re 0.84 per unit to consumers overcharged in September 2016 after approval from the National Electric Power Regulatory Authority (Nepra) under provisional monthly fuel charges adjustment formula. Nepra is scheduled to ho
Published 10 Nov, 2016 12:00am
The Weather

The Weather

The weather report on Wednesday (November 09, 2016) and the forecast for Thursday (November 10, 2016).

Published 10 Nov, 2016 12:00am
Overcharged in September: KE to refund Re0.84 per unit to consumers

Overcharged in September: KE to refund Re0.84 per unit to consumers

Karachi Electric (KE) is to refund Re 0.84 per unit to consumers overcharged in September 2016 after approval from the National Electric Power Regulatory Authority (Nepra) under provisional monthly fuel charges adjustment formula. Nepra is scheduled to ho
Published 10 Nov, 2016 12:00am
Overcharged in September: KE to refund Re0.84 per unit to consumers

Overcharged in September: KE to refund Re0.84 per unit to consumers

Karachi Electric (KE) is to refund Re 0.84 per unit to consumers overcharged in September 2016 after approval from the National Electric Power Regulatory Authority (Nepra) under provisional monthly fuel charges adjustment formula. Nepra is scheduled to ho
Published 10 Nov, 2016 12:00am
Three Indian troops killed in IHK

Three Indian troops killed in IHK

The Indian army on Wednesday said that three of its soldiers have been killed in cross border firing in held Kashmir, the latest skirmish between the nuclear-armed neighbours. One Indian soldier died after coming under sniper fire on Wednesday in Machhal
Published 10 Nov, 2016 12:00am
Three Indian troops killed in IHK

Three Indian troops killed in IHK

The Indian army on Wednesday said that three of its soldiers have been killed in cross border firing in held Kashmir, the latest skirmish between the nuclear-armed neighbours. One Indian soldier died after coming under sniper fire on Wednesday in Machhal
Published 10 Nov, 2016 12:00am
Trumped!

Trumped!

After one of the most acerbic, bruising electoral campaigns in the history of the US, in which the personalities of the rival candidates were centre-stage and policy debate conspicuous by its absence, maverick candidate Donald Trump's surprise defeat of H
Published 10 Nov, 2016 12:00am
Wapda autonomy

Wapda autonomy

Chairman Water and Power Development Authority (Wapda) Lieutenant General Muzzammil Hussain (Retd), during the meeting of the Senate Standing Committee on Water and Power presided over by Senator Ghous Khan Niazi, acknowledged that "the truth is somewhere
Published 10 Nov, 2016 12:00am
Cotton country running aground
Cotton

Cotton country running aground

The Indus valley is credited with being the home of many ancient civilisations stretching back thousands of years that gave mankind a rich heritage of fascinating ancient cities, organized agriculture, art, culture, philosophy and governance. The Indus va
Published 10 Nov, 2016 12:00am
Trump's win a victory against globalisation?
Currency

Trump's win a victory against globalisation?

After Britain's shock vote to quit the EU, Donald Trump's victory is a new powerful sign of a popular backlash against the drive for globalisation and more free trade. The maverick Republican tycoon propelled himself into the presidency of the world's lar
Published 10 Nov, 2016 12:00am
Sustainable agriculture deserves centre stage in Marrakech

Sustainable agriculture deserves centre stage in Marrakech

Agriculture, including forestry and fisheries, is the sector most threatened by climate change. At the same time, the agricultural sectors produce a fifth of the world's greenhouse gas emissions. The transformation of the agricultural sectors to address c
Published 10 Nov, 2016 12:00am
'Challenges confronting CPEC'

'Challenges confronting CPEC'

This is apropos a Business Recorder op-ed "Challenges confronting CPEC" carried by the newspaper yesterday. The writer, M Ziauddin, has passionately argued, among other things, that "Perhaps Pakistan could take the initiative in this regard by offe
Published 10 Nov, 2016 12:00am
ABL signs remittance business arrangement with LCC

ABL signs remittance business arrangement with LCC

LCC is a member of the Small World Group, United Kingdom, an international payments operator which offers a secure, fast and inexpensive way to remit and receive money anywhere in the world through a network of over 250,000 locations world-wide.
Published 10 Nov, 2016 12:00am
Rasheed says he's trying to narrow down PTI-PPP differences

Rasheed says he's trying to narrow down PTI-PPP differences

Sheikh Rasheed Ahmed, Chief of Awami Muslim League (AML) is making hectic efforts to narrow down differences between Pakistan Terhreek-e-Insaf (PTI) chief Imran Khan and opposition leader in National Assembly Syed Khurheed Ahmed Shah. After a meeting of P
Published 10 Nov, 2016 12:00am
Iqbal's poetry gives message of self-confidence to Muslim Ummah: Ahsan

Iqbal's poetry gives message of self-confidence to Muslim Ummah: Ahsan

Federal Minster for Planning, Development and Reforms Ahsan Iqbal has said that we have to follow the principles of Allama Iqbal for the development of the country. The minister expressed these views while addressing a conference on "Iqbal and Development
Published 10 Nov, 2016 12:00am
MQM-Pakistan seeking to work closely with federal government

MQM-Pakistan seeking to work closely with federal government

The leadership of Muttahida Qaumi Movement-Pakistan (MQM-Pakistan) is seeking to work closely with the federal government in a bid to get a reprieve in the ongoing Rangers-led operation in Karachi and to keep the membership of the party intact.
Published 10 Nov, 2016 12:00am
Trump's victory to bring change across world: Shah

Trump's victory to bring change across world: Shah

Opposition Leader in the National Assembly Syed Khurshid Ahmed Shah on Wednesday said that victory of US Donald Trump in US presidential election would bring a big change across the world. Talking to media at his chamber, Shah said that the whole world in
Published 10 Nov, 2016 12:00am
Chinese company has been tasked to work on solid waste management: Vohra

Chinese company has been tasked to work on solid waste management: Vohra

Deputy Mayor Karachi Dr Arshad Vohra on Wednesday said that a Chinese company was tasked to work on solid waste management of the metropolis. Giving a briefing to National Institute of Management Lahore's 22nd midcareer management course participants on t
Published 10 Nov, 2016 12:00am
10 killed as van plunges into ravine

10 killed as van plunges into ravine

At least ten people including a woman and child were killed and 12 others injured as passenger van plunged into deep ravine at Kuzi village of Darazinda area, here on Wednesday. The overloaded passenger van was carrying people of Taliblighi Jamaat to Darr
Published 10 Nov, 2016 12:00am
Panama Papers: PPP's approach to issue being questioned

Panama Papers: PPP's approach to issue being questioned

Pakistan People's Party's (PPP) insistence on Parliament instead of the apex court as the right forum to address the issue of the Panama Papers is seen as a 'tacit understanding' with the ruling Pakistan Muslim League-Nawaz (PML-N) by party cadres.
Published 10 Nov, 2016 12:00am
Prime Minister lauds PAF's role in counter-terrorism

Prime Minister lauds PAF's role in counter-terrorism

Prime Minister Nawaz Sharif on Wednesday lauded the role played by Pakistan Air Force (PAF) in counter-terrorism in the country and said the nation was proud of their professional capabilities. In an interaction with airmen including officers and staff he
Published 10 Nov, 2016 12:00am
Sartaj vows to work together with new US administration

Sartaj vows to work together with new US administration

Advisor to Prime Minister on Foreign Affairs Sartaj Aziz has expressed his heartfelt congratulations to Donald Trump for being elected as 45th president of the United States of America. While talking to a private television channel, the Advisor also hoped
Published 10 Nov, 2016 12:00am
US key economic partner of Pakistan: Dar

US key economic partner of Pakistan: Dar

Federal Finance Minister Senator Ishaq Dar on Wednesday said that the United States (US) was a key economic and development partner of Pakistan. He was addressing a ceremony in Islamabad organized to mark the National Day and Election Day of the United St
Published 10 Nov, 2016 12:00am
ANF seizes drugs worth Rs 7.6 billion, arrests 19

ANF seizes drugs worth Rs 7.6 billion, arrests 19

Anti-Narcotics Force (ANF) on Wednesday claimed to have seized 1.4 tons drugs including heroin, hashish and opium worth Rs 7.6 billion in the international market. An ANF official said the ANF team conducted 19 operations in the various areas of country i
Published 10 Nov, 2016 12:00am
Dera Bugti: OGDCL officials inflict Rs 290 million loss on entity

Dera Bugti: OGDCL officials inflict Rs 290 million loss on entity

Some senior officials of the state-owned Oil & Gas Development Company Limited (OGDCL) are said to have caused a Rs 290 million financial loss to the entity by taking on rent 2,900 acres of unutilised land at Uch Gas Field, Dera Bugti, Balochistan, it is
Published 10 Nov, 2016 12:00am
JS Bank sponsors 'Karachi Press Club Annual Family Gala'

JS Bank sponsors 'Karachi Press Club Annual Family Gala'

JS Bank had sponsored the Annual Family Gala held by Karachi Press Club recently. It was a very well attended gala which included the families of journalists and many renowned literary figures, artists, industrialists, politicians, diplomats and dignitari
Published 10 Nov, 2016 12:00am
Brazilian envoy for enhancing trade mission

Brazilian envoy for enhancing trade mission

Ambassador of Federative Republic of Brazil, Claudio Lins has said the negative news about Pakistan forces Brazilian investors to stay away and most of the Brazilians simply don't know that many foreign companies were successfully doing business in Pakist
Published 10 Nov, 2016 12:00am
UIT wins Best Paper Award at CS&IT moot

UIT wins Best Paper Award at CS&IT moot

In yet another testament to its pursuit toward academic excellence Usman Institute of Technology (UIT) has won the Best Paper Award at a two-day Computer Sciences & Information Technology (CS & IT) conference organized by the Institute of Business & Techn
Published 10 Nov, 2016 12:00am
AUTOCOM to hold seminar on November 11

AUTOCOM to hold seminar on November 11

Automobile Corporation of Pakistan (AUTOCOM) is going to organise a seminar on "Promoting Safety on Carriage of Petroleum Products by Road" on Friday (tomorrow) in Karachi. According to details, the seminar will be held in collaboration with government re
Published 10 Nov, 2016 12:00am
Australian High Commissioner visits CDC

Australian High Commissioner visits CDC

A delegation from The Australian High Commission in Islamabad recently visited the head office of the Central Depository Company of Pakistan Limited in Karachi. The delegation was headed by Margaret Adamson, Australian High Commissioner to Pakistan. Other
Published 10 Nov, 2016 12:00am
Bilawal felicitates Trump

Bilawal felicitates Trump

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Wednesday assured that his party can save the nation from getting "trumped" in 2018 elections. Bilawal Bhutto took to the social networking site Twitter and felicitated Donald Trump for winni
Published 10 Nov, 2016 12:00am
FPCCI congratulates Trump

FPCCI congratulates Trump

Shaikh Khalid Tawab Sr. Vice President of the Federation of Pakistan Chamber of Commerce and Industry congratulated the newly elected 45th Republican President of USA Donald Trump. While referring to the history of USA's Presidents he recalled the policie
Published 10 Nov, 2016 12:00am
BBL, Al Baraka Bank (Pakistan) merge operations

BBL, Al Baraka Bank (Pakistan) merge operations

Al Baraka Bank (Pakistan) Limited (ABPL), and Burj Bank Limited (BBL) have successfully merged operations under the name of Al Baraka Bank (Pakistan) Limited. In the mid of 2016, Al Baraka Bank (Pakistan) Limited received the approval from the State Bank
Published 10 Nov, 2016 12:00am
Oil, gas sector making strong presence at ADIPEC

Oil, gas sector making strong presence at ADIPEC

Pakistan is making a strong presence at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), one of the world's most influential energy sector events, which is currently taking place from 7-10 November 2016 in the city's National Exhi
Published 10 Nov, 2016 12:00am
Malnutrition: WFP, TDF launch fresh effort in Tharparkar

Malnutrition: WFP, TDF launch fresh effort in Tharparkar

The United Nations World Food Programme (WFP) in Pakistan, in collaboration with The Dawood Foundation (TDF), has launched a fresh effort to change the way people approach nutrition in the impoverished district of Tharparkar, in Sindh province. Tharparkar
Published 10 Nov, 2016 12:00am
Gold import slumped by 51 percent in July-September

Gold import slumped by 51 percent in July-September

Pakistan's gold import slumped by 51 percent to $3.490 million in July-September 2016, official figures say. The decline in gold import in July-September 2016 comes to $3.6 million comparing to the precious metal import of $7.090 million in July-September
Published 10 Nov, 2016 12:00am
Sharbat Gula deported amid tight security

Sharbat Gula deported amid tight security

Amid tight security arrangements, iconic Afghan woman Sharbat Gula was deported at Torkham, the Pak-Afghan sharing border, the border security forces' sources said on Wednesday. Remained in jail for two weeks, Sharbat Gula who is believed to be in her 40s
Published 10 Nov, 2016 12:00am
Absence of defence secretary: PAC defers examination of audit accounts

Absence of defence secretary: PAC defers examination of audit accounts

Public Accounts Committee (PAC) on Wednesday deferred examination of audit accounts of ministry of defence due to absence of defence secretary from the meeting. The meeting of the committee which held here with Syed Khursheed Shah in the chair, said that
Published 10 Nov, 2016 12:00am
Another polio case surfaces in KP

Another polio case surfaces in KP

Another polio case on Wednesday surfaced in Khyber Pakhtunkhwa (KP), taking toll to nine in current year. According to health department, polio virus has been diagnosed in Adbul Wahid's nine-month-old daughter Sadia in Kohistan's Dassu area.
Published 10 Nov, 2016 12:00am
Professional exams: ACCA redesigns breadth and depth of qualification

Professional exams: ACCA redesigns breadth and depth of qualification

Association of Chartered Certified Accountants (ACCA) has made latest innovations to its qualification through new strategic professional exams which will replace the existing professional level exams in September 2018 and a new ethics and professional sk
Published 10 Nov, 2016 12:00am
Naval Chief for maintaining 'highest state of preparedness'

Naval Chief for maintaining 'highest state of preparedness'

Command and Staff Conference of Pakistan Navy concluded on Wednesday at Naval Headquarters, Islamabad. The conference was chaired by Chief of the Naval Staff, Admiral Muhammad Zakaullah. The matters related to operational preparedness, prevailing security
Published 10 Nov, 2016 12:00am
Khattak approves gas supply to Nari Panos, Karak

Khattak approves gas supply to Nari Panos, Karak

KP Chief Minister Pervez Khattak has approved the provision of natural gas to Nari Panos, area of district Karak. In this connection, a four-member delegation of the local elders headed by MPA Gul Sahib Khan called on the chief minister on Tuesday at Chie
Published 10 Nov, 2016 12:00am
Terrorist held in Mansehra

Terrorist held in Mansehra

The Counter Terrorism Department (CTD) Hazara Region arrested a terrorist of a banned outfit besides recovering arms and provocative literature from his possession here on Wednesday. The CTD sources said that on an intelligence tipoff regarding presence o
Published 10 Nov, 2016 12:00am
Customs values on import of bulbs, tube lights revised

Customs values on import of bulbs, tube lights revised

The Directorate General of Customs Valuation Karachi has revised customs values on the import of electric clear bulbs & tube lights (low-end brands) from China. The directorate has issued a new ruling here on Wednesday by superseding Valuation Ruling No 5
Published 10 Nov, 2016 12:00am
Ongoing initiatives under CPEC: JWG meetings held to review progress

Ongoing initiatives under CPEC: JWG meetings held to review progress

To discuss and identify future potential projects and review the progress on ongoing initiatives under China-Pakistan Economic Corridor (CPEC), meetings of the Joint Working Group (JWG) on Gwadar and Industrial Cooperation through video conference was hel
Published 10 Nov, 2016 12:00am
SECP conducts orientation workshop for DSTs

SECP conducts orientation workshop for DSTs

In order to provide ease of doing business, the Securities and Exchange Commission of Pakistan (SECP) has developed and introduced the Corporate Debt Market Reporting System (CDMRS). The SECP has conducted an orientation workshop on the said system for th
Published 10 Nov, 2016 12:00am
LCCI urges PA for legislation against road blockades

LCCI urges PA for legislation against road blockades

The Lahore Chamber of Commerce and Industry has urged the Punjab Assembly to legislate against the road blockades and declare it a crime as it has become the most burning issue and hampering the trade, economic and social activities.
Published 10 Nov, 2016 12:00am
DHA City scam: LHC dismisses bail plea of retired brigadier

DHA City scam: LHC dismisses bail plea of retired brigadier

The Lahore High Court on Tuesday dismissed bail petition of former project director of DHA City Brigadier Khalid Nazir Butt (Retd), a key suspect in Rs 16 billion scam of DHA City. The National Accountability Bureau (NAB) stated that another key suspect,
Published 10 Nov, 2016 12:00am
JI chief greets Trump

JI chief greets Trump

Ameer of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, while greeting Donald Trump on his electoral victory, has expressed the hope that after assuming his high office, Donald Trump would review his ideas in view of his heavy responsibilities at nationa
Published 10 Nov, 2016 12:00am
RLNG supply: PTEA concerned over imposition of distribution losses

RLNG supply: PTEA concerned over imposition of distribution losses

Pakistan Textile Exporters Association (PTEA) expressed grave concern over retrospective recovery of distribution losses and cost of RLNG supply to textile sector. Inclusion of such charges in RLNG prices has increased the production cost rendering us unv
Published 10 Nov, 2016 12:00am
Reducing business cost: Smeda helps 75 industrial units: report

Reducing business cost: Smeda helps 75 industrial units: report

The Small and Medium Enterprises Development Authority (SMEDA) has helped 75 industrial units in seven SME sectors to reduce cost of doing business by conducting energy audits and implementing innovative Energy Management System (EMS).
Published 10 Nov, 2016 12:00am
Central Punjab: mystery shrouds a possible visit of Bilawal

Central Punjab: mystery shrouds a possible visit of Bilawal

Mystery surrounds a possible visit of Bilawal Bhutto Zardari to central Punjab, as the dates of his arrival have been changed one after another since early September. A delay in his possible visit has become a permanent feature, which is resulting into th
Published 10 Nov, 2016 12:00am
Shahbaz reviews pace of work at Gulshan-e-Iqbal Park

Shahbaz reviews pace of work at Gulshan-e-Iqbal Park

Chief Minister of Punjab Muhammad Shehbaz Sharif paid a visit to Greater Iqbal Park after visiting Mazar-e-Iqbal on the eve of Yaum-e-Iqbal on Wednesday. PM reviewed the pace of work and various parts of the park. Commissioner Lahore Division and Director
Published 10 Nov, 2016 12:00am
139th birth anniversary of Allama Iqbal marked

139th birth anniversary of Allama Iqbal marked

Glowing tributes were paid to poet, philosopher and the conceiver of idea of Pakistan, Allama Iqbal, as his 139th birth anniversary was marked with great enthusiasm on Wednesday. A change of guards' ceremony was held here at Allama Iqbal's mausoleum. A sm
Published 10 Nov, 2016 12:00am
Navy guards Iqbal's mausoleum

Navy guards Iqbal's mausoleum

A prestigious change of guards' ceremony was held on Wednesday at Mausoleum of Dr Allama Muhammad Iqbal as the entire nation celebrated 139th birth anniversary of national poet who envisioned a separate homeland for the Muslim of British India.
Published 10 Nov, 2016 12:00am
CTD arrests 4 LeJ terrorists

CTD arrests 4 LeJ terrorists

The Counter-Terrorism Department (CTD) of Bhawalnagar busted four terrorists belonging to a proscribed organisation Lashkar-e-Jhangvi, officials said on Wednesday. On a tipoff that some terrorists belonging to the proscribed organisation are planning to a
Published 10 Nov, 2016 12:00am
Pak-US Business Council felicitates Trump

Pak-US Business Council felicitates Trump

Founder Chairman of Pak-US Business Council and Chairman United Business Group Iftikhar Ali Malik has felicitated Donald Trump for his electoral victory. Iftikhar Ali Malik in a statement on Wednesday said the Pakistani business community has the pleasure
Published 10 Nov, 2016 12:00am
Punjab government to set up new medical universities

Punjab government to set up new medical universities

On the orders of Chief Minister Punjab Muhammad Shehbaz Sharif, two medical universities in Rawalpindi and Multan would be set up very soon and it will be helpful to promote medical education in the province besides strengthening and developing the public
Published 10 Nov, 2016 12:00am
FESCO will repair 5000 transformers annually

FESCO will repair 5000 transformers annually

The capacity of FESCO Transformer Reclamation Workshop has been doubled now. TRW now would be able to repair 5 thousand transformers instead of 2400 annually. Faisalabad Electric Supply Company (FESCO) Board of Directors (BOD) approved the 23.6 million ru
Published 10 Nov, 2016 12:00am
Levy of sales tax: finance ministry given last chance to file reply

Levy of sales tax: finance ministry given last chance to file reply

The Lahore High Court on Tuesday gave last opportunity to the ministry of finance to file a reply about levy of sales tax on petroleum products till December 01. Punjab Opposition Leader Mian Mahmoodur Rasheed has challenged the levy of the sales tax for
Published 10 Nov, 2016 12:00am
Levy of sales tax: finance ministry given last chance to file reply

Levy of sales tax: finance ministry given last chance to file reply

The Lahore High Court on Tuesday gave last opportunity to the ministry of finance to file a reply about levy of sales tax on petroleum products till December 01. Punjab Opposition Leader Mian Mahmoodur Rasheed has challenged the levy of the sales tax for
Published 10 Nov, 2016 12:00am
Hinopak Motors Limited

Hinopak Motors Limited

Hinopak Motors Limited was established in 1986 by UAE-based Al-Futtaim group and PACO Pakistan through a collaboration of two Japanese companies Hino Motors and Toyota Tsusho Corporation (TTC). Later in 1998, PACO Pakistan and Al-Futtaim disinvested in th
Published 10 Nov, 2016 12:00am
Hinopak Motors Limited

Hinopak Motors Limited

Hinopak Motors Limited was established in 1986 by UAE-based Al-Futtaim group and PACO Pakistan through a collaboration of two Japanese companies Hino Motors and Toyota Tsusho Corporation (TTC). Later in 1998, PACO Pakistan and Al-Futtaim disinvested in th
Published 10 Nov, 2016 12:00am
Power loadshedding: HCCI hails decision to cut down duration

Power loadshedding: HCCI hails decision to cut down duration

The Senior Vice President Hyderabad Chamber of Commerce and Industry Turab Ali Khoja and Chairman HCCI Sub-Committee on HESCO Abdul Sattar Khan have warmly welcomed the announcement of the Prime Minister Mian Muhammad Nawaz Sharif of minimising the durati
Published 10 Nov, 2016 12:00am
US consul general hosts presidential election reception

US consul general hosts presidential election reception

US Consul General Grace Shelton hosted a reception for Karachi's civil society, politicians, businessmen, journalists and students to watch live results of the November 8 American presidential election. Consul General Shelton said, "The United States is p
Published 10 Nov, 2016 12:00am
China sells first batch of sugar reserves at bumper prices

China sells first batch of sugar reserves at bumper prices

China sold its first batch of state sugar reserves in five years on Friday at a 15 percent premium to the minimum price set by the government on buoyant demand from buyers, two sources who took part in the auction said. Prices were higher than market part
Published 10 Nov, 2016 12:00am
Gold price retreats in Europe

Gold price retreats in Europe

The price of gold fell back from the sharp gains made earlier on Wednesday, after a conciliatory victory speech from US president-elect Donald Trump also helped the dollar rebound. Gold had surged by nearly 5 percent to a six-week high of $1,337.40 an oun
Published 10 Nov, 2016 12:00am
Gold jumps in Asia

Gold jumps in Asia

Gold jumped nearly 5 percent on Wednesday to its strongest in six weeks as investors sought safe havens after Republican Donald Trump moved to the brink of winning the White House, setting world markets on edge. It marked gold's biggest single-day gain si
Published 10 Nov, 2016 12:00am
Gold lower in New York

Gold lower in New York

Gold prices turned lower on Tuesday as the dollar and global equity markets firmed with investors growing more convinced that Democratic candidate Hillary Clinton could win the US presidential election. At the end of a bruising political campaign, the Reu
Published 10 Nov, 2016 12:00am
Coffee and sugar bounce higher, London cocoa at nine-month low
Currency

Coffee and sugar bounce higher, London cocoa at nine-month low

Arabica coffee and raw sugar futures on ICE turned higher on Wednesday, after finding support in a fairly muted response to the US election result, while London cocoa inched down to a nine-month low as traders expected abundant supplies. "The overall fund
Published 10 Nov, 2016 12:00am
Palm oil supported by higher price outlook, weather expectations

Palm oil supported by higher price outlook, weather expectations

Malaysian palm oil futures dipped at the close on Wednesday but trading sentiment remained supported by a leading analyst's upward revision of the price outlook ahead of monsoon rains. Benchmark palm oil futures for January on the Bursa Malaysia Derivativ
Published 10 Nov, 2016 12:00am
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