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Archive - 2016-12-23
PML-N believes in democracy: Qadir
General News

PML-N believes in democracy: Qadir

ISLAMABAD: Minister for SAFRON Lt General (Rtd) Abdul Qadir Baloch Friday said the Pakistan Muslim League-Nawaz (PML-N) always believed in democracy and worked to further strengthen it.
Published 23 Dec, 2016 07:54pm
Some elements making CPEC controversial: Ayaz Sadiq
Front Top News

Some elements making CPEC controversial: Ayaz Sadiq

LAHORE: National Assembly Speaker Ayaz Sadiq has said that unfortunately some elements wanted to make China-Pakistan Economic Corridor (CPEC) project controversial.
Published 23 Dec, 2016 07:52pm
PEMRA initiates process to revoke Bol TV licence
General News

PEMRA initiates process to revoke Bol TV licence

ISLAMABAD: Pakistan Electronic Media Regulatory Authority (PEMRA) Friday initiated the process to revoke the channel's licence after rejection of security clearance of Labaik TV Channel by the interior ministry.
Published 23 Dec, 2016 07:47pm
Pakistan will never be a failed state: Zardari
World Top News

Pakistan will never be a failed state: Zardari

KARACHI: Former president and PPP Co-chairman Asif Ali Zardari Friday said that Pakistan would never be a failed state and his party would continue to support and strengthen democracy.
Published 23 Dec, 2016 07:46pm
Hijackers from Libyan plane have surrendered: Maltese PM
World Top News

Hijackers from Libyan plane have surrendered: Maltese PM

VALLETTA: The hijackers of a Libyan plane that landed in Malta earlier on Friday have left the aircraft and surrendered after releasing all the passengers and crew, Maltese Prime Minister Joseph Muscat said.
Published 23 Dec, 2016 03:16pm
PML-N clean sweeps final phase of LG polls
General News

PML-N clean sweeps final phase of LG polls

LAHORE: Pakistan Muslim League-Nawaz (PML-N) clean swept in the third and final phase of local government elections 2016, defeating all other parties including Pakistan Tehreek-e-Insaf in the province, according to unofficial results announced by the Elec
Published 23 Dec, 2016 02:46pm
Gold edges higher but eyes 7th weekly loss
Commodities

Gold edges higher but eyes 7th weekly loss

LONDON: Gold edged higher on Friday in thin pre-Christmas trade as the dollar retreated from this week's 14-year high, tempting some buyers to take advantage of a near 10-month low in prices after six straight weeks of decline.
Published 23 Dec, 2016 02:02pm
Copper dips as doubts about Chinese demand surface
Commodities

Copper dips as doubts about Chinese demand surface

LONDON: Copper prices slipped on Friday as investors took profits on long positions ahead of the Christmas break as growing doubts about demand growth in top consumer China reinforced the idea that recent gains were overdone.
Published 23 Dec, 2016 02:00pm
Kvitova determined to play again after knife attack
Sports

Kvitova determined to play again after knife attack

PRAGUE: Twice Wimbledon champion Petra Kvitova said on Friday she would do everything she could to return to tennis after suffering a hand injury in a knife attack that will keep her out of the sport for at least six months.
Published 23 Dec, 2016 01:57pm
Women, children released from hijacked Libyan plane in Malta
Front Top News

Women, children released from hijacked Libyan plane in Malta

%D%AVALLETTA: A man who said he was armed with a grenade hijacked a Libyan plane which landed on Malta Friday with 118 people on board, Malta's prime minister and government sources on the Mediterranean island said.
Published 23 Dec, 2016 01:39pm
At least 40 killed in DR Congo anti-Kabila protests: UN
Africa

At least 40 killed in DR Congo anti-Kabila protests: UN

GENEVA: At least 40 people have been killed and another 460 arrested in the Democratic Republic of Congo this week during protests against President Joseph Kabila's refusal to leave office, the UN said Friday.
Published 23 Dec, 2016 01:21pm
Anis Amri: small-time criminal turned Berlin killer
World Top News

Anis Amri: small-time criminal turned Berlin killer

BERLIN: Anis Amri, the Tunisian suspect in the Berlin truck attack who was shot dead in Milan on Friday, followed the well-trodden path of petty criminal turned killer.
Published 23 Dec, 2016 01:19pm
Muslim man found dead after media talk in Myanmar
Asia

Muslim man found dead after media talk in Myanmar

YANGON: The headless body of a Muslim villager has been found days after he spoke to reporters on a rare government-guided media tour of restive northern Rakhine State, Myanmar police said on Friday.
Published 23 Dec, 2016 01:10pm
RugbyU: Grenoble shock Toulouse
Sports

RugbyU: Grenoble shock Toulouse

GRENOBLE: Grenoble climbed provisionally off the foot of the French Top 14 table on Thursday with a rousing 26-22 win over a Toulouse still getting over their European exertions.
Published 23 Dec, 2016 12:51pm
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Friday having 46633.
Published 23 Dec, 2016 12:09pm
Food Buzz by Dina Belenko
Featured Photos

Food Buzz by Dina Belenko

Photo Credit : Dina Belenko%Dina Belenko is a talented photographer and retoucher from Khabarovsk, Russian Federation.
Published 23 Dec, 2016 11:51am
Stunning Food Photography by Tiffany Bell
Featured Photos

Stunning Food Photography by Tiffany Bell

Photo Credit : Tiffany Bell%D%ATiffany Bell is a self-taught photographer currently based in Los Angeles, California.
Published 23 Dec, 2016 11:49am
Stop, Think, Make by Domenic Bahmann
Featured Photos

Stop, Think, Make by Domenic Bahmann

Photo Credit : Domenic Bahmann%Domenic Bahmann aka Domfriday is a talented 34-year old designer, visual artist and photographer from Munich, Germany who currently lives and works in Canberra, Australia.
Published 23 Dec, 2016 11:35am
Fine Art Photography by Maxim Borisenkov
Featured Photos

Fine Art Photography by Maxim Borisenkov

Photo Credit : Borisenkov%D%AMaxim Borisenkov is a talented self-taught photographer and digital artist currently based in Kiev, Ukraine.
Published 23 Dec, 2016 11:31am
Hijacked Libyan plane headed for Malta: PM
Front Top News

Hijacked Libyan plane headed for Malta: PM

VALLETTA: Malta's Prime Minister Joseph Muscat said Friday on Twitter he had been alerted to a "potential hijack" of a Libyan plane reported to be headed for the Mediterranean island.
Published 23 Dec, 2016 11:26am
Pakistan extends MFN status to all WTO countries except India, Israel
Pakistan Top News

Pakistan extends MFN status to all WTO countries except India, Israel

ISLAMABAD: Minister of Commerce Engineer Dastgir Khan on Friday told the Senate that Pakistan being member of World Trade Organization (WTO) has extended Most Favored Nation (MFN) to all WTO member countries, except India and Israel.
Published 23 Dec, 2016 11:15am
Germany 'relieved' Berlin attack suspect killed in Italy
Front Top News

Germany 'relieved' Berlin attack suspect killed in Italy

BERLIN: Germany is "relieved" by reports from Italian authorities that the prime suspect in the deadly Berlin Christmas market attack was shot dead by police Friday in Milan, an interior ministry spokesman said.
Published 23 Dec, 2016 11:10am
China launches its own EM drive into orbit
Technology

China launches its own EM drive into orbit

The world of science was awestruck when last month NASA had published the first much awaited peer-reviewed paper on the impossible EM drive, which seemingly defies the laws of physics by creating thrust without a propellant.%D%A%D%A
Published 23 Dec, 2016 10:33am
Gorgeous Animal Portraits by Pim Leijen
Featured Photos

Gorgeous Animal Portraits by Pim Leijen

Photo Credit : Pim Leijen%D%APim Leijen is an professional nature photographer from The Netherlands, who shoots a lot of wildlife, landscape and animal photography.
Published 23 Dec, 2016 10:08am
Vignettes of a Salesman by Ole Marius Joergensen
Featured Photos

Vignettes of a Salesman by Ole Marius Joergensen

Photo Credit : Ole Marius Jeorgensen%D%AOle Marius Joergensen is a talented 40-year old fine art photographer and filmmaker based in Oslo, Norway.
Published 23 Dec, 2016 09:52am
Stunning Climbing Photography by Rainer Eder
Featured Photos

Stunning Climbing Photography by Rainer Eder

Photo Credit : Rainer Eder%D%ARainer Eder is a talented photographer and enthusiastic climber, who was born in Austria and has lived in Switzerland for over 20 years now.
Published 23 Dec, 2016 09:48am
World-famous Koh-i-Noor inspires new and bloody history
Arts

World-famous Koh-i-Noor inspires new and bloody history

NEW DELHI: Many precious stones have a blood-soaked history, but a new book reveals the world's most famous diamond the Koh-i-Noor surpasses them all, with a litany of horrors that rivals "Game of Thrones".
Published 23 Dec, 2016 08:40am
Two arrested in Germany over mall attack plot
Europe

Two arrested in Germany over mall attack plot

BERLIN: Police have arrested two brothers on suspicion of planning to attack one of Germany's biggest shopping centres, authorities said Friday, four days after a militant killed 12 people at a Berlin Christmas market.
Published 23 Dec, 2016 08:14am
Asian champions facing match-fixing ban
Football

Asian champions facing match-fixing ban

KUALA LUMPUR: Asian title-holders Jeonbuk Hyundai Motors could be banned from next year's AFC Champions League over a match-fixing scandal after a new eligibility body was unveiled on Friday.
Published 23 Dec, 2016 07:31am
Message from Consul-General of Japan in Karachi

Message from Consul-General of Japan in Karachi

I am very pleased to contribute my message to this column to celebrate His Majesty the Emperor Akihito's 83rd Birthday. On the 23rd of December 2016, His Majesty will be 83 years old. The Imperial House of Japan is one of the oldest monarchies in the worl
Published 23 Dec, 2016 12:00am
Message from Chairman Pakistan-Japan Business Forum

Message from Chairman Pakistan-Japan Business Forum

It gives me great pleasure to felicitate and express my heartfelt feelings to His Majesty, the Emperor Akihito on his 83rdbirthday and also to the wonderful people of Japan who have nurtured with care the tradition of monarchy for thousands of years. This
Published 23 Dec, 2016 12:00am
Message from General Manager of Marubeni Corporation, Pakistan

Message from General Manager of Marubeni Corporation, Pakistan

Senior Vice Chairman Pakistan-Japan Business Forum It is an honour and great pleasure to express my heartiest gratitude on this auspicious occasion of His Majesty Emperor Akihito 83rd Birthday. I wish that the Emperor and members of the Imperial Family en
Published 23 Dec, 2016 12:00am
An overview of Pakistan-Japan relations

An overview of Pakistan-Japan relations

The year 2017 will mark 65 years of Pakistan-Japan diplomatic relations since in April 1952 it was established. However, mutual contacts had started much earlier when in 1948 the first trade mission from Japan had arrived in Pakistan, which had the same y
Published 23 Dec, 2016 12:00am
Pakistan-Japan trade relations

Pakistan-Japan trade relations

Pakistan and Japan enjoy traditionally friendly ties characterised by mutual trust, cooperation, people to people contacts and cultural and civilizational linkages. Since the establishment of bilateral diplomatic relations on 28 April 1952 Japan has been
Published 23 Dec, 2016 12:00am
New UBL Head Office Inaugurated

New UBL Head Office Inaugurated

The new UBL Head Office was inaugurated by His Excellency Sheikh Nahayan Mabarak Al Nahayan, Minister of Culture and Knowledge Development, UAE, on December 19, 2016. Mr Ashraf Mahmood Wathra, Governor, State Bank of Pakistan was also present at the occa-
Published 23 Dec, 2016 12:00am
UBL wins 'Top Companies of the Year' award for 2015

UBL wins 'Top Companies of the Year' award for 2015

UBL won the Pakistan Stock Exchange (PSX) "Top Companies of the Year" Award for 2015. The Prime Minister of Pakistan, Mr Muhammad Nawaz Sharif, who was the Chief Guest at the event, gave away the awards. Mr Wajahat Husain, President & CEO, UBL received th
Published 23 Dec, 2016 12:00am
UBL first Pakistani bank to cross 1 Million fans on Facebook

UBL first Pakistani bank to cross 1 Million fans on Facebook

United Bank Limited (UBL) became the first Pakistani bank to achieve 1 million likes on its Facebook page. The milestone was a testament to the bank's achievement of haying the largest and fastest growing Facebook page amongst banks in Pakistan. The bank
Published 23 Dec, 2016 12:00am
Pakistan Railways partners with UBL for e-Ticketing Service

Pakistan Railways partners with UBL for e-Ticketing Service

Pakistan Railways and United Bank Limited (UBL), Pakistan's Best Bank 2016, signed an agreement on e-Ticketing service. Through this agreement, railway passengers all across Pakistan, for the first time ever, can book and pay for train tickets from the co
Published 23 Dec, 2016 12:00am
UBL Bank Tanzania Ltd opens new branch in Kariakoo, Dar es Salaam

UBL Bank Tanzania Ltd opens new branch in Kariakoo, Dar es Salaam

At an impressive ceremony Mr Wajahat Husain, President & CEO UBL and Chairman of Board of Directors UBL Bank (Tanzania) Limited (UBTL) welcomed Dr Ashatu K. Kijaji (MP) Deputy Minister of Finance & Planning. She was the Chief Guest at the inauguration cer
Published 23 Dec, 2016 12:00am
UBL crowned 'Best Bank' at Pakistan Banking Awards 2016

UBL crowned 'Best Bank' at Pakistan Banking Awards 2016

United Bank Limited (UBL) was de-clared Pakistan's Best Bank 2016 at the first Pakistan Banking Awards. The award recognizes a bank that has demonstrated the most significant contribution to na-tional development and the most effective management of its r
Published 23 Dec, 2016 12:00am
UBL Leading Fintech Collaboration

UBL Leading Fintech Collaboration

UBL, Pakistan's Best Bank 2016, sponsored the 13th Annual P@SHA National Information and Communications Technolo-gy (ICT) Awards. The 13th P@SHA ICT Awards are Pakistan's premier technology event providing an effective platform for Pakistani technology bu
Published 23 Dec, 2016 12:00am
UBL wins Innovation Award

UBL wins Innovation Award

United Bank Limited, Pakistan's Best Bank 2016, won the 'Innovation Award' at the Mastercard Innovation Forum held in Budapest, Hungary. The Award recognizes UBL's "global first" achievement of launching UBL MasterPass QR.
Published 23 Dec, 2016 12:00am
UBL launches Masterpass QR

UBL launches Masterpass QR

United Bank Limited (UBL), Pakistan's Best Bank 2016, launched the Masterpass QR digital payment service in partnership with Mastercard, a leading technology company in the global payments industry. As the country's first interoperable digital payment ser
Published 23 Dec, 2016 12:00am
UBL ATM Network crosses 1,000

UBL ATM Network crosses 1,000

United Bank Limited (UBL), Pakistan's Best Bank 2016, achieved yet another milestone when the bank's ATM network crossed a landmark 1,000 active ATMs deployed nation-wide. With their round the clock availability and geographical spread in more than 100 ci
Published 23 Dec, 2016 12:00am
UBL holds 5th UBL Literary Excellence Awards

UBL holds 5th UBL Literary Excellence Awards

The 5th UBL Literary Excellence Awards 2015 were held at the Beach Luxury Hotel in Karachi on February 7, 2016. The awards were held in conjunction with the 7th Karachi Literature Festival. Celebrating the literary efforts of Pakistani writers, UBL Litera
Published 23 Dec, 2016 12:00am
Facts About UBL

Facts About UBL

United Bank Limited (UBL) is one of Pakistan's largest banks in the private sector. The bank operates a network of over 1,350 branches across Pakistan and 19 branches overseas. It was declared Pakistan's Best Bank 2016 at the first Pakistan Banking Awards
Published 23 Dec, 2016 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 23 Dec, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 23 Dec, 2016 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (December 22, 2016).

Published 23 Dec, 2016 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (December 22, 2016).

Published 23 Dec, 2016 12:00am
Bill buying rates per unit of currency
Currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (December 22, 2016).

Published 23 Dec, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (December 22, 2016).
Published 23 Dec, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (December 22, 2016).

Published 23 Dec, 2016 12:00am
Nawaz defends decision about regulators

Nawaz defends decision about regulators

Prime Minister Nawaz Sharif on Thursday strongly defended his government's decision of placing regulatory bodies under the line ministries. Talking to accompanying journalists here at a breakfast meeting, he said these bodies were meant to regulate the pr
Published 23 Dec, 2016 12:00am
Nawaz defends decision about regulators

Nawaz defends decision about regulators

Prime Minister Nawaz Sharif on Thursday strongly defended his government's decision of placing regulatory bodies under the line ministries. Talking to accompanying journalists here at a breakfast meeting, he said these bodies were meant to regulate the pr
Published 23 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (December 22, 2016).

Published 23 Dec, 2016 12:00am
Chinese Consortium top bidder

Chinese Consortium top bidder

The Chinese consortium has won bid to acquire 40 percent stake of Pakistan Stock Exchange at Rs 28.00 per share against reserve price of Rs 26.00 per share. The deal will generate an additional liquidity of Rs 9 billion ($85.5 million). The Chinese Consor
Published 23 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (December 22, 2016).

Published 23 Dec, 2016 12:00am
Chinese Consortium top bidder

Chinese Consortium top bidder

The Chinese consortium has won bid to acquire 40 percent stake of Pakistan Stock Exchange at Rs 28.00 per share against reserve price of Rs 26.00 per share. The deal will generate an additional liquidity of Rs 9 billion ($85.5 million). The Chinese Consor
Published 23 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (December 22, 2016).

Published 23 Dec, 2016 12:00am
Chinese Consortium top bidder

Chinese Consortium top bidder

The Chinese consortium has won bid to acquire 40 percent stake of Pakistan Stock Exchange at Rs 28.00 per share against reserve price of Rs 26.00 per share. The deal will generate an additional liquidity of Rs 9 billion ($85.5 million). The Chinese Consor
Published 23 Dec, 2016 12:00am
Bears take control

Bears take control

A bearish trend continued on Pakistan Stock Exchange (PSX) and the benchmark KSE-100 index lost another 293.53 points to close at 46,699.78 points Thursday. Trading activity also remained low as the trading volumes at the ready counter decreased to 270.42
Published 23 Dec, 2016 12:00am
Bears take control

Bears take control

A bearish trend continued on Pakistan Stock Exchange (PSX) and the benchmark KSE-100 index lost another 293.53 points to close at 46,699.78 points Thursday. Trading activity also remained low as the trading volumes at the ready counter decreased to 270.42
Published 23 Dec, 2016 12:00am
Bears take control

Bears take control

A bearish trend continued on Pakistan Stock Exchange (PSX) and the benchmark KSE-100 index lost another 293.53 points to close at 46,699.78 points Thursday. Trading activity also remained low as the trading volumes at the ready counter decreased to 270.42
Published 23 Dec, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (December 22, 2016).

Published 23 Dec, 2016 12:00am
BRIndex30 falls 307.34 points

BRIndex30 falls 307.34 points

On Thursday, BRIndex30 opened at 26,021.69 points. It touched an intraday high of 26,108.61 points and an intraday low of 25,686.37 points and closed at 25,714.35 points which was -307.34 points or -1.18 percent lower than previous close. Total volume was
Published 23 Dec, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (December 22, 2016).

Published 23 Dec, 2016 12:00am
BRIndex30 falls 307.34 points

BRIndex30 falls 307.34 points

On Thursday, BRIndex30 opened at 26,021.69 points. It touched an intraday high of 26,108.61 points and an intraday low of 25,686.37 points and closed at 25,714.35 points which was -307.34 points or -1.18 percent lower than previous close. Total volume was
Published 23 Dec, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (December 22, 2016).

Published 23 Dec, 2016 12:00am
Governments end bickering ahead of CPEC Beijing meeting

Governments end bickering ahead of CPEC Beijing meeting

The federal and provincial governments have decided to take up the case of Pakistan jointly and effectively during the forthcoming meeting of Joint Co-ordination Committee (JCC) on China-Pakistan Economic Corridor (CPEC) scheduled for December 29 in Beiji
Published 23 Dec, 2016 12:00am
Governments end bickering ahead of CPEC Beijing meeting

Governments end bickering ahead of CPEC Beijing meeting

The federal and provincial governments have decided to take up the case of Pakistan jointly and effectively during the forthcoming meeting of Joint Co-ordination Committee (JCC) on China-Pakistan Economic Corridor (CPEC) scheduled for December 29 in Beiji
Published 23 Dec, 2016 12:00am
Governments end bickering ahead of CPEC Beijing meeting

Governments end bickering ahead of CPEC Beijing meeting

The federal and provincial governments have decided to take up the case of Pakistan jointly and effectively during the forthcoming meeting of Joint Co-ordination Committee (JCC) on China-Pakistan Economic Corridor (CPEC) scheduled for December 29 in Beiji
Published 23 Dec, 2016 12:00am
Lahore Orange Line set to get exemption in taxes, duties

Lahore Orange Line set to get exemption in taxes, duties

The government is all set to grant Rs 20 billion exemption in duties and taxes, including withholding tax, on the import of equipment for Lahore Orange Line mass transit project under China-Pakistan Economic Corridor (CPEC). Sources told Business Recor
Published 23 Dec, 2016 12:00am
Lahore Orange Line set to get exemption in taxes, duties

Lahore Orange Line set to get exemption in taxes, duties

The government is all set to grant Rs 20 billion exemption in duties and taxes, including withholding tax, on the import of equipment for Lahore Orange Line mass transit project under China-Pakistan Economic Corridor (CPEC). Sources told Business Recor
Published 23 Dec, 2016 12:00am
Lahore Orange Line set to get exemption in taxes, duties

Lahore Orange Line set to get exemption in taxes, duties

The government is all set to grant Rs 20 billion exemption in duties and taxes, including withholding tax, on the import of equipment for Lahore Orange Line mass transit project under China-Pakistan Economic Corridor (CPEC). Sources told Business Recor
Published 23 Dec, 2016 12:00am
Lahore Orange Line set to get exemption in taxes, duties

Lahore Orange Line set to get exemption in taxes, duties

The government is all set to grant Rs 20 billion exemption in duties and taxes, including withholding tax, on the import of equipment for Lahore Orange Line mass transit project under China-Pakistan Economic Corridor (CPEC). Sources told Business Recor
Published 23 Dec, 2016 12:00am
Trump names critics of China, regulation for economic posts

Trump names critics of China, regulation for economic posts

President-elect Donald Trump on Wednesday named billionaire Carl Icahn, a vocal critic of what he calls government overregulation, to serve as a special advisor to overhaul "strangling regulations." He also tapped Peter Navarro, an outspoken China critic,
Published 23 Dec, 2016 12:00am
Trump names critics of China, regulation for economic posts

Trump names critics of China, regulation for economic posts

President-elect Donald Trump on Wednesday named billionaire Carl Icahn, a vocal critic of what he calls government overregulation, to serve as a special advisor to overhaul "strangling regulations." He also tapped Peter Navarro, an outspoken China critic,
Published 23 Dec, 2016 12:00am
Trump names critics of China, regulation for economic posts

Trump names critics of China, regulation for economic posts

President-elect Donald Trump on Wednesday named billionaire Carl Icahn, a vocal critic of what he calls government overregulation, to serve as a special advisor to overhaul "strangling regulations." He also tapped Peter Navarro, an outspoken China critic,
Published 23 Dec, 2016 12:00am
Trump names critics of China, regulation for economic posts

Trump names critics of China, regulation for economic posts

President-elect Donald Trump on Wednesday named billionaire Carl Icahn, a vocal critic of what he calls government overregulation, to serve as a special advisor to overhaul "strangling regulations." He also tapped Peter Navarro, an outspoken China critic,
Published 23 Dec, 2016 12:00am
Dar for improving ease of doing business

Dar for improving ease of doing business

Finance Minister Senator Ishaq Dar chaired a meeting on matters related to Finance Division here on Thursday. Finance Secretary Dr Waqar Masood Khan presented a review to the Finance minister regarding macroeconomic indicators which continued to show posi
Published 23 Dec, 2016 12:00am
Dar for improving ease of doing business

Dar for improving ease of doing business

Finance Minister Senator Ishaq Dar chaired a meeting on matters related to Finance Division here on Thursday. Finance Secretary Dr Waqar Masood Khan presented a review to the Finance minister regarding macroeconomic indicators which continued to show posi
Published 23 Dec, 2016 12:00am
Dar for improving ease of doing business

Dar for improving ease of doing business

Finance Minister Senator Ishaq Dar chaired a meeting on matters related to Finance Division here on Thursday. Finance Secretary Dr Waqar Masood Khan presented a review to the Finance minister regarding macroeconomic indicators which continued to show posi
Published 23 Dec, 2016 12:00am
Turkish strikes on IS bastion 'kill 47 civilians'

Turkish strikes on IS bastion 'kill 47 civilians'

Turkish air strikes on an Islamic State group bastion in northern Syria on Thursday killed at least 47 civilians including 14 children and nine women, a monitoring group said. The Syrian Observatory for Human Rights said the strikes were carried out on th
Published 23 Dec, 2016 12:00am
Syrian army says Aleppo retaken

Syrian army says Aleppo retaken

The Syrian army announced on Thursday that the country's second city Aleppo has been fully recaptured from rebel fighters, the government's biggest victory in the nearly six-year civil war. "Thanks to the blood of our martyrs and the sacrifices of our val
Published 23 Dec, 2016 12:00am
OSCE warns of 'massive upsurge in violence'in Ukraine

OSCE warns of 'massive upsurge in violence'in Ukraine

A top monitor for the conflict in Ukraine warned Thursday that a "massive upsurge in violence" has pushed fighting between Kiev's forces and pro-Russian rebels to levels not seen in months. The statement by Alexander Hug of the Organisation for Security a
Published 23 Dec, 2016 12:00am
Seven Pakistanis killed in attack on cargo ship

Seven Pakistanis killed in attack on cargo ship

At least seven Pakistanis are reportedly killed in a rocket attack on a cargo ship off Yemen coast on Thursday. All the members of crew of the Iranian ship were Pakistani nationals and an officer identified as Kabir is said to have rescued his life by jum
Published 23 Dec, 2016 12:00am
Seven Pakistanis killed in attack on cargo ship

Seven Pakistanis killed in attack on cargo ship

At least seven Pakistanis are reportedly killed in a rocket attack on a cargo ship off Yemen coast on Thursday. All the members of crew of the Iranian ship were Pakistani nationals and an officer identified as Kabir is said to have rescued his life by jum
Published 23 Dec, 2016 12:00am
US charges Axact executive in $140 million fake diploma scheme

US charges Axact executive in $140 million fake diploma scheme

The executive of a Pakistani company was charged in a US federal court on Wednesday for his part in an alleged $140 million "fake-diploma mill" scheme, the latest step in a global crackdown touched off by arrests in Pakistan last year. Umair Hamid, 30, wa
Published 23 Dec, 2016 12:00am
US charges Axact executive in $140 million fake diploma scheme

US charges Axact executive in $140 million fake diploma scheme

The executive of a Pakistani company was charged in a US federal court on Wednesday for his part in an alleged $140 million "fake-diploma mill" scheme, the latest step in a global crackdown touched off by arrests in Pakistan last year. Umair Hamid, 30, wa
Published 23 Dec, 2016 12:00am
Duty/tax collection: banks to stay open on December 31

Duty/tax collection: banks to stay open on December 31

In order to facilitate collection of government duties/taxes, following the directives of the State Bank of Pakistan (SBP), the concerned branches of commercial banks will remain open on December 31, 2016 (Saturday), till such time that is necessary to fa
Published 23 Dec, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 23 Dec, 2016 12:00am
Duty/tax collection: banks to stay open on December 31

Duty/tax collection: banks to stay open on December 31

In order to facilitate collection of government duties/taxes, following the directives of the State Bank of Pakistan (SBP), the concerned branches of commercial banks will remain open on December 31, 2016 (Saturday), till such time that is necessary to fa
Published 23 Dec, 2016 12:00am
Duty/tax collection: banks to stay open on December 31

Duty/tax collection: banks to stay open on December 31

In order to facilitate collection of government duties/taxes, following the directives of the State Bank of Pakistan (SBP), the concerned branches of commercial banks will remain open on December 31, 2016 (Saturday), till such time that is necessary to fa
Published 23 Dec, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Dec, 2016 12:00am
IRSA reduces releases from Mangla, Tarbela

IRSA reduces releases from Mangla, Tarbela

Indus River System Authority (IRSA) has massively reduced water releases from Tarbela and Mangla reservoirs due to forthcoming annual canal closure to be commenced from December 26 for one month. According to IRSA Spokesperson Rana Khalid, Tarbela release
Published 23 Dec, 2016 12:00am
IRSA reduces releases from Mangla, Tarbela

IRSA reduces releases from Mangla, Tarbela

Indus River System Authority (IRSA) has massively reduced water releases from Tarbela and Mangla reservoirs due to forthcoming annual canal closure to be commenced from December 26 for one month. According to IRSA Spokesperson Rana Khalid, Tarbela release
Published 23 Dec, 2016 12:00am
IRSA reduces releases from Mangla, Tarbela

IRSA reduces releases from Mangla, Tarbela

Indus River System Authority (IRSA) has massively reduced water releases from Tarbela and Mangla reservoirs due to forthcoming annual canal closure to be commenced from December 26 for one month. According to IRSA Spokesperson Rana Khalid, Tarbela release
Published 23 Dec, 2016 12:00am
Dozens of Bangladesh factories close as workers strike

Dozens of Bangladesh factories close as workers strike

Dozens of garment factories in Bangladesh shut down Thursday as a workers' strike escalated, in a move that could hit supplies to top Western retailers during the busy holiday season. The Bangladesh Garment Manufacturers and Exporters Association (BGMEA)
Published 23 Dec, 2016 12:00am
Dozens of Bangladesh factories close as workers strike

Dozens of Bangladesh factories close as workers strike

Dozens of garment factories in Bangladesh shut down Thursday as a workers' strike escalated, in a move that could hit supplies to top Western retailers during the busy holiday season. The Bangladesh Garment Manufacturers and Exporters Association (BGMEA)
Published 23 Dec, 2016 12:00am
Dozens of Bangladesh factories close as workers strike

Dozens of Bangladesh factories close as workers strike

Dozens of garment factories in Bangladesh shut down Thursday as a workers'' strike escalated, in a move that could hit supplies to top Western retailers during the busy holiday season. The Bangladesh Garment Manufacturers and Exporters Association (BGMEA)
Published 23 Dec, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (December 16, 2016).

Published 23 Dec, 2016 12:00am
US returns Alibaba website to counterfeits blacklist

US returns Alibaba website to counterfeits blacklist

The United States on Wednesday put a division of the Chinese e-commerce giant Alibaba back on a blacklist of "notorious markets" known for selling counterfeit goods and violating intellectual property rights. The office of the United States Trade Represen
Published 23 Dec, 2016 12:00am
US returns Alibaba website to counterfeits blacklist

US returns Alibaba website to counterfeits blacklist

The United States on Wednesday put a division of the Chinese e-commerce giant Alibaba back on a blacklist of "notorious markets" known for selling counterfeit goods and violating intellectual property rights. The office of the United States Trade Represen
Published 23 Dec, 2016 12:00am
US returns Alibaba website to counterfeits blacklist

US returns Alibaba website to counterfeits blacklist

The United States on Wednesday put a division of the Chinese e-commerce giant Alibaba back on a blacklist of "notorious markets" known for selling counterfeit goods and violating intellectual property rights. The office of the United States Trade Represen
Published 23 Dec, 2016 12:00am
Nawaz welcomes Zardari's return

Nawaz welcomes Zardari's return

Prime Minister Nawaz Sharif has said he was glad that Pakistan People's Party Co-Chairman and former President Asif Ali Zardari was returning to the country. He was speaking to journalists on Thursday during his visit to Bosnia. "I am actually very happy
Published 23 Dec, 2016 12:00am
Nawaz welcomes Zardari's return

Nawaz welcomes Zardari's return

Prime Minister Nawaz Sharif has said he was glad that Pakistan People's Party Co-Chairman and former President Asif Ali Zardari was returning to the country. He was speaking to journalists on Thursday during his visit to Bosnia. "I am actually very happy
Published 23 Dec, 2016 12:00am
THE RUPEE: rates fall
Currency

THE RUPEE: rates fall

The rupee depreciated against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee held the overnight levels in terms of the dollar for buying and selling at Rs 104.84 and Rs 104.85, they said.
Published 23 Dec, 2016 12:00am
Completion of Mobilink-Warid deal announced

Completion of Mobilink-Warid deal announced

VimpelCom and Dhabi Group, on Thursday announced the completion of Mobilink and Warid deal, after getting approval from the Islamabad High Court (IHC) to merge Pakistan Mobile Communications Limited (Mobilink) and Warid Telecom (Warid). According to the M
Published 23 Dec, 2016 12:00am
THE RUPEE: rates fall
Currency

THE RUPEE: rates fall

The rupee depreciated against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee held the overnight levels in terms of the dollar for buying and selling at Rs 104.84 and Rs 104.85, they said.
Published 23 Dec, 2016 12:00am
Completion of Mobilink-Warid deal announced

Completion of Mobilink-Warid deal announced

VimpelCom and Dhabi Group, on Thursday announced the completion of Mobilink and Warid deal, after getting approval from the Islamabad High Court (IHC) to merge Pakistan Mobile Communications Limited (Mobilink) and Warid Telecom (Warid). According to the M
Published 23 Dec, 2016 12:00am
Completion of Mobilink-Warid deal announced

Completion of Mobilink-Warid deal announced

VimpelCom and Dhabi Group, on Thursday announced the completion of Mobilink and Warid deal, after getting approval from the Islamabad High Court (IHC) to merge Pakistan Mobile Communications Limited (Mobilink) and Warid Telecom (Warid). According to the M
Published 23 Dec, 2016 12:00am
Digital payments

Digital payments

According to the SBP's latest Payment System Review for FY16, the volume and value of Real-Time Gross System (RTGS) transactions reached 930,501 and Rs 230.70 trillion during 2015-16, showing a sharp increases of 21 percent and 29 percent, respectivel
Published 23 Dec, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (December 22, 2016).

Published 23 Dec, 2016 12:00am
Musharraf's indiscretion

Musharraf's indiscretion

Once again, former military dictator General Pervez Musharraf has shown his penchant for shooting from the lip. In an interview with a television channel, Musharraf claimed that the Nawaz Sharif government had been pressurising the courts in the cases aga
Published 23 Dec, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (December 22, 2016).

Published 23 Dec, 2016 12:00am
Taxes for growth - I

Taxes for growth - I

One of the main tools of tax policy is to increase the level of savings and capital formation in the private sector partly for borrowing by the government and partly for enhancing investment resources within the private sector for economic development. On
Published 23 Dec, 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 Thursday (December 22, 2016).

Published 23 Dec, 2016 12:00am
The Karkey scam

The Karkey scam

According to Transparency International (TI), Pakistan lost more than Rs 8.5 trillion (US $94 billion) in corruption, tax evasion and bad governance when the PPP-led coalition was in power from 2008 to 2013. TI observed that transparency and accountabilit
Published 23 Dec, 2016 12:00am
Commerzbank joins peers in paring back services to Gulf

Commerzbank joins peers in paring back services to Gulf

Commerzbank has told customers in the Gulf it will no longer process their transactions in euros, four Gulf banking sources say, joining other big banks that cut such services after being fined for dealings with Iran. Major US and European peers have been
Published 23 Dec, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (December 22, 2016)

Published 23 Dec, 2016 12:00am
Regulators losing their gloss

Regulators losing their gloss

That Finance Minister Ishaq Dar has been insisting that ministries have been delegated powers to look after the administrative matters of respective regulatory bodies is a ploy aimed at befooling people. The government move has deprived the regulators of
Published 23 Dec, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (December 22, 2016).

Published 23 Dec, 2016 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 23 Dec, 2016 12:00am
Appointment of IGP: Sindh government still undecided

Appointment of IGP: Sindh government still undecided

The PPP-led Sindh government is still undecided about the appointment of new IG Sindh to replace A D Khawaja, who was sent on forced leave by Syed Murad Ali Shah-led provincial government. The Sindh government failed to send any name for the appointment o
Published 23 Dec, 2016 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 23 Dec, 2016 12:00am
Pakistan, China, Russia to discuss regional situation

Pakistan, China, Russia to discuss regional situation

High officials from Pakistan, China and Russia will meet in Moscow on Tuesday (December 27) for trilateral talks on issues of regional peace and stability, including situation in Afghanistan, Foreign Office said on Thursday. "This is an existing [trilater
Published 23 Dec, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (December 22, 2016).

Published 23 Dec, 2016 12:00am
Nisar awards cash, commendation certificates to FIA & ICT officials

Nisar awards cash, commendation certificates to FIA & ICT officials

Acknowledging outstanding performance of the FIA and ICT police officers and officials during 2016, Interior Minister Chaudhry Nisar Ali Khan Thursday awarded cash rewards and commendation certificates to 05 officers of FIA and 06 officers of ICT Police.
Published 23 Dec, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (December 22, 2016).

Published 23 Dec, 2016 12:00am
Altaf's matter requires careful handling, LHC told

Altaf's matter requires careful handling, LHC told

Proceedings against MQM Chief Altaf Hussain under High Treason Act for his anti-Pakistan speeches is a sensitive matter which requires careful handling. The Lahore High Court was informed this in a reply submitted by the interior secretary which suggested
Published 23 Dec, 2016 12:00am
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