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Archive - 2016-12-29
Dar for increasing access to financial services
General News

Dar for increasing access to financial services

ISLAMABAD: Finance Minister Mohammad Ishaq Dar here on Thursday directed all relevant stakeholders to work in close collaboration for increasing outreach and access to financial services for people across the country.
Published 29 Dec, 2016 06:13pm
Pak forex figure $23.296bn
Top News

Pak forex figure $23.296bn

KARACHI: Total liquid foreign exchange reserves of the country stood at dollars 23.
Published 29 Dec, 2016 03:00pm
PML-N govt put country on road to progress: MNA
General News

PML-N govt put country on road to progress: MNA

SIALKOT: Member National Assembly Chaudhry Armughan Subhani has said that under the leadership of Prime Minister Muhammad Nawaz Sharif, Pakistan Muslim League-N (PML-N) government has put the country on road to economical and political stability.
Published 29 Dec, 2016 02:56pm
NA body visits PAC Kamra, PAF HQs
General News

NA body visits PAC Kamra, PAF HQs

ISLAMABAD: National Assembly Standing Committee on Defence Thursday visited the Pakistan Aeronautical Complex (PAC) Kamra and the Pakistan Air Force (PAF) Headquarters and got comprehensive briefings.
Published 29 Dec, 2016 02:42pm
Gwadar master city plan to bring economic stability: Ahsan
World Top News

Gwadar master city plan to bring economic stability: Ahsan

BEIJING: Minister for Planning, Development and Reform Ahsan Iqbal on Thursday said that master city plan and other developmental projects would bring socio-economic stability in the Gwadar.
Published 29 Dec, 2016 02:35pm
Dollar slips to 2-week low vs yen as Treasury yields fall
Financial

Dollar slips to 2-week low vs yen as Treasury yields fall

LONDON: The dollar slipped to a two-week low against the yen on Thursday, mirroring a fall in US bond yields as weaker-than-expected economic data weighed on the greenback and waning risk appetite boosted Japan's safe-haven currency.
Published 29 Dec, 2016 01:25pm
Britain's FTSE steadies near highs in thin trading
Financial

Britain's FTSE steadies near highs in thin trading

LONDON: Britain's top share index steadied in thin holiday trading on Thursday after setting a record closing high in the previous session, with miners coming under pressure following a drop in prices of major industrial metals.
Published 29 Dec, 2016 01:06pm
Dow's 20,000 barrier, weak European banks dent stocks
Financial

Dow's 20,000 barrier, weak European banks dent stocks

LONDON: European shares, the dollar and bond yields fell on Thursday, with traders using the quiet holiday period to book some profit on the rise that had lifted all three to multi-year and in some cases record highs recently.
Published 29 Dec, 2016 01:02pm
Italy criticises ECB over Monte Paschi capital decision
Money & Banking

Italy criticises ECB over Monte Paschi capital decision

MILAN/FRANKFURT: The European Central Bank should have explained more clearly why it nearly doubled its estimated capital shortfall for the ailing Monte dei Paschi di Siena bank, which is being bailed out by the state, Italy's economy minister said.
Published 29 Dec, 2016 01:00pm
Army Chief witnesses Pakistan-Jordan joint exercise 'Fajr-ul-Sharq 1'
Front Top News

Army Chief witnesses Pakistan-Jordan joint exercise 'Fajr-ul-Sharq 1'

%D%ARAWALPINDI: Army Chief General Qamar Javed Bajwa visited Bahadur Ranges near Attock on Thursday and witnessed Pak-Jordan joint exercise Fajr-ul-Sharq 1, said Inter Services Public Relations (ISPR) the media wing of Pakistan Army.
Published 29 Dec, 2016 12:42pm
The Fallen Town III by Holly Andres
Featured Photos

The Fallen Town III by Holly Andres

Photo Credit : Holly Andres%D%AHolly Andres is a talented fine art and commercial photographer and director, who was born in Missoula, Montana in 1977 currently based in Portland, Oregon.
Published 29 Dec, 2016 10:57am
Fog blankets large parts of Pakistan, disrupts flights in Karachi, Lahore
Pakistan Top News

Fog blankets large parts of Pakistan, disrupts flights in Karachi, Lahore

%D%AISLAMABAD: Dense clouds of fog on Thursday badly disturbed air and land travel in the country particularly Punjab, with dozens of flights being cancelled, delayed or diverted to other cities at Allama Iqbal International Airport and even at Jinnah Int
Published 29 Dec, 2016 10:54am
Stunning Travel Scenes by Johannes Hulsch
Featured Photos

Stunning Travel Scenes by Johannes Hulsch

Photo Credit : Johannes Hulsch%D%AJohannes Hulsch is a talented 20 years old self-taght photographer and student based in Leipzig, Germany.
Published 29 Dec, 2016 10:43am
Govt mulling amending Nepra law to 'influence' tariff determination
Top News

Govt mulling amending Nepra law to 'influence' tariff determination

%D%AZAHEER ABBASI & SOHAIL SARFRAZ%D%A%D%AISLAMABAD: The government is considering amending National Electric Power Regulatory Authority (Nepra) Act to influence tariff determination subsequent to taking administrative control of regulators through a noti
Published 29 Dec, 2016 09:44am
Government allows sugar export
Top News

Government allows sugar export

%D%ARECORDER REPORT%D%A%D%AISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the allocation of an additional 50 MMCFD gas to Thermal Power Station Guddu (TPSG/GENCO-II) and allowed the export of 225,000 metric tons of sugar
Published 29 Dec, 2016 09:34am
Netanyahu slams Kerry speech as biased against Israel
World Top News

Netanyahu slams Kerry speech as biased against Israel

JERUSALEM: Prime Minister Benjamin Netanyahu condemned a speech by US Secretary of State John Kerry on the Israeli-Palestinian conflict Wednesday as biased against Israel and more focused on settlements than Palestinian violence.
Published 29 Dec, 2016 09:14am
Arshad 'Chai-wala' Khan out with hot new pictures
Arts

Arshad 'Chai-wala' Khan out with hot new pictures

Our very own heartthrob, Chai Wala Aka Arshad Khan got the limelight as an Islamabadi photographer took a picture of him at his teashop and marked the advent of his modeling career.%D%A%D%A
Published 29 Dec, 2016 09:05am
Copper stages late reversal to trade up
Commodities

Copper stages late reversal to trade up

SYDNEY: Shanghai copper futures followed the London contract higher in late Asian trading on Thursday, reversing earlier losses as speculators built up positions ahead of the end of the year.
Published 29 Dec, 2016 08:16am
Skipper Smith caps another big year with Melbourne ton
Cricket

Skipper Smith caps another big year with Melbourne ton

MELBOURNE: Australia captain Steve Smith's love affair with the Melbourne Cricket Ground showed no sign of fading on Thursday as he struck his third consecutive century in Boxing Day tests to flatten Pakistan and finish another banner year with a bang
Published 29 Dec, 2016 08:14am
Russia, Turkey seek to craft Syria ceasefire
World Top News

Russia, Turkey seek to craft Syria ceasefire

ISTANBUL: Russia and Turkey are seeking a nationwide truce plan for Syria, but there was no confirmation of a deal Thursday, as the incoming UN chief warned the conflict had become a global "cancer".
Published 29 Dec, 2016 07:58am
Emirates agreement with Rolls-Royce on A380 engines
Industry

Emirates agreement with Rolls-Royce on A380 engines

DUBAI: Dubai's Emirates said Thursday it has reached an agreement with Rolls-Royce over a "technical issue" relating to the engines of Airbus's A380 superjumbo, and confirmed receiving one plane this week.
Published 29 Dec, 2016 06:57am
Banks told to beef up independent directors
Front Top News

Banks told to beef up independent directors

RIZWAN BHATTI%D%AKARACHI: The State Bank of Pakistan (SBP) Wednesday, revising instructions on 'independent directors', directed banks and DFIs to increase minimum number of independent directors from 25 percent to 33 percent of the total Board me
Published 29 Dec, 2016 06:40am
Russia, Iran ties with Taliban stoke Afghan anxiety
World Top News

Russia, Iran ties with Taliban stoke Afghan anxiety

KABUL: Allegations over Russia and Iran's deepening ties with the Taliban have ignited concerns of a renewed "Great Game" of proxy warfare in Afghanistan that could undermine US-backed troops and push the country deeper into turmoil.
Published 29 Dec, 2016 05:59am
Tokyo shares fall by noon
Financial

Tokyo shares fall by noon

TOKYO: Tokyo shares drifted lower on Thursday in thin holiday trading after US stocks tumbled as investors took profits from recent rallies, though some individual stocks showed big moves.
Published 29 Dec, 2016 05:52am
Shanghai up, Hong Kong stocks flat by break
Financial

Shanghai up, Hong Kong stocks flat by break

HONG KONG: Shanghai recovered from early losses Thursday to post a modest gain by the break while Hong Kong ended the morning session virtually flat, with volumes low ahead of the New Year.
Published 29 Dec, 2016 05:51am
Australia 395-4, trail Pakistan by 48
Cricket

Australia 395-4, trail Pakistan by 48

MELBOURNE: Australia were 395 for four at lunch on day four in the second Test in Melbourne on Thursday in reply to Pakistan's 443-9 declared.
Published 29 Dec, 2016 05:49am
BRIndex30 gains 286.14 points

BRIndex30 gains 286.14 points

On Wednesday, BRIndex30 opened at 25,871.10 and remained positive throughout the trading session. It touched an intraday high of 26,245.49 and an intraday Low of 25,874.26 and closed at 26,157.24 which was 286.14 points or 1.11 percent higher than previou
Published 29 Dec, 2016 12:00am
BRIndex30 gains 286.14 points

BRIndex30 gains 286.14 points

On Wednesday, BRIndex30 opened at 25,871.10 and remained positive throughout the trading session. It touched an intraday high of 26,245.49 and an intraday Low of 25,874.26 and closed at 26,157.24 which was 286.14 points or 1.11 percent higher than previou
Published 29 Dec, 2016 12:00am
Sugar export allowed

Sugar export allowed

The Econ-omic Co-ordination Committee (ECC) of the Cabinet has approved the allocation of an additional 50 MMCFD gas to Thermal Power Station Guddu (TPSG/GENCO-II) and allowed the export of 225,000 metric tons of sugar till March 31, 2017.
Published 29 Dec, 2016 12:00am
Sugar export allowed

Sugar export allowed

The Economic Co-ordination Committee (ECC) of the Cabinet has approved the allocation of an additional 50 MMCFD gas to Thermal Power Station Guddu (TPSG/GENCO-II) and allowed the export of 225,000 metric tons of sugar till March 31, 2017.
Published 29 Dec, 2016 12:00am
Sugar export allowed

Sugar export allowed

The Econ-omic Co-ordination Committee (ECC) of the Cabinet has approved the allocation of an additional 50 MMCFD gas to Thermal Power Station Guddu (TPSG/GENCO-II) and allowed the export of 225,000 metric tons of sugar till March 31, 2017.
Published 29 Dec, 2016 12:00am
FBR suggests Shariah-compliant criteria for companies

FBR suggests Shariah-compliant criteria for companies

The Federal Board of Revenue (FBR) has proposed Shariah-compliant criteria for companies whose shares are traded on a stock exchange to avail the reduced rate of tax under Income Tax Ordinance 2001. According to the SRO.1173(I)/2016 issued by the FBR, the
Published 29 Dec, 2016 12:00am
FBR suggests Shariah-compliant criteria for companies

FBR suggests Shariah-compliant criteria for companies

The Federal Board of Revenue (FBR) has proposed Shariah-compliant criteria for companies whose shares are traded on a stock exchange to avail the reduced rate of tax under Income Tax Ordinance 2001. According to the SRO.1173(I)/2016 issued by the FBR, the
Published 29 Dec, 2016 12:00am
FBR suggests Shariah-compliant criteria for companies

FBR suggests Shariah-compliant criteria for companies

The Federal Board of Revenue (FBR) has proposed Shariah-compliant criteria for companies whose shares are traded on a stock exchange to avail the reduced rate of tax under Income Tax Ordinance 2001. According to the SRO.1173(I)/2016 issued by the FBR, the
Published 29 Dec, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 29 Dec, 2016 12:00am
Trump slams 'inflammatory' Obama on Twitter

Trump slams 'inflammatory' Obama on Twitter

US President-elect Donald Trump on Wednesday accused Barack Obama of making "inflammatory" statements and complicating the impending transfer of power - the latest salvo in an escalating war of words with the current commander-in-chief. The unorthodox per
Published 29 Dec, 2016 12:00am
German police detain alleged contact of Berlin truck attacker

German police detain alleged contact of Berlin truck attacker

German police Wednesday detained a Tunisian they believe "could have been involved" in the Berlin Christmas market attack, with alleged links to Anis Amri, the suspected assailant shot dead in Italy last week. The arrest was the first in Germany by invest
Published 29 Dec, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 29 Dec, 2016 12:00am
Don't remove AD Khawaja, SHC tells Sindh government

Don't remove AD Khawaja, SHC tells Sindh government

The Sindh High Court (SHC) on Wednesday ordered the provincial government not to remove Inspector General Allah Dino Khawaja from his post. The court has directed the provincial government not to take any action till January 12. The order was issued after
Published 29 Dec, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Dec, 2016 12:00am
Don't remove AD Khawaja, SHC tells Sindh government

Don't remove AD Khawaja, SHC tells Sindh government

The Sindh High Court (SHC) on Wednesday ordered the provincial government not to remove Inspector General Allah Dino Khawaja from his post. The court has directed the provincial government not to take any action till January 12. The order was issued after
Published 29 Dec, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Dec, 2016 12:00am
Nisar orders probe into collection of petroleum levy

Nisar orders probe into collection of petroleum levy

Interior Minister Chaudhry Nisar Ali Khan Wednesday directed the Federal Investigation Agency (FIA) to investigate the embezzlement, worth billions of rupees, allegedly committed by oil marketing companies (OMCs) in collection of petroleum levy. An offici
Published 29 Dec, 2016 12:00am
Nisar orders probe into collection of petroleum levy

Nisar orders probe into collection of petroleum levy

Interior Minister Chaudhry Nisar Ali Khan Wednesday directed the Federal Investigation Agency (FIA) to investigate the embezzlement, worth billions of rupees, allegedly committed by oil marketing companies (OMCs) in collection of petroleum levy. An offici
Published 29 Dec, 2016 12:00am
Nisar orders probe into collection of petroleum levy

Nisar orders probe into collection of petroleum levy

Interior Minister Chaudhry Nisar Ali Khan Wednesday directed the Federal Investigation Agency (FIA) to investigate the embezzlement, worth billions of rupees, allegedly committed by oil marketing companies (OMCs) in collection of petroleum levy. An offici
Published 29 Dec, 2016 12:00am
Nisar orders probe into collection of petroleum levy

Nisar orders probe into collection of petroleum levy

Interior Minister Chaudhry Nisar Ali Khan Wednesday directed the Federal Investigation Agency (FIA) to investigate the embezzlement, worth billions of rupees, allegedly committed by oil marketing companies (OMCs) in collection of petroleum levy. An offici
Published 29 Dec, 2016 12:00am
The Hindu advises BJP government to join CPEC

The Hindu advises BJP government to join CPEC

The Hindu, a renowned Indian English daily has advised its government to become a part of the China Pakistan Economic Corridor (CPEC) which was commenced in 2015 by Pakistan and China. For one, the Indian media has highlighted the role of China as
Published 29 Dec, 2016 12:00am
The Hindu advises BJP government to join CPEC

The Hindu advises BJP government to join CPEC

The Hindu, a renowned Indian English daily has advised its government to become a part of the China Pakistan Economic Corridor (CPEC) which was commenced in 2015 by Pakistan and China. For one, the Indian media has highlighted the role of China as
Published 29 Dec, 2016 12:00am
The Hindu advises BJP government to join CPEC

The Hindu advises BJP government to join CPEC

The Hindu, a renowned Indian English daily has advised its government to become a part of the China Pakistan Economic Corridor (CPEC) which was commenced in 2015 by Pakistan and China. For one, the Indian media has highlighted the role of China as
Published 29 Dec, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (December 28, 2016).

Published 29 Dec, 2016 12:00am
LHC strikes down Pemra's DTH licensing rules

LHC strikes down Pemra's DTH licensing rules

The Lahore High Court on Wednesday struck down the rules of Pakistan Electronic Media Regulatory Authority (Pemra) with regard to eligibility and bidding procedure for Direct to Home (DTH) licensing. The court observed: "We find that rule 13(3) and (4) of
Published 29 Dec, 2016 12:00am
LHC strikes down Pemra's DTH licensing rules

LHC strikes down Pemra's DTH licensing rules

The Lahore High Court on Wednesday struck down the rules of Pakistan Electronic Media Regulatory Authority (Pemra) with regard to eligibility and bidding procedure for Direct to Home (DTH) licensing. The court observed: "We find that rule 13(3) and (4) of
Published 29 Dec, 2016 12:00am
THE RUPEE: minor changes
Currency

THE RUPEE: minor changes

Little changes were witnessed in value of the rupee against the dollar in the process of trading, dealers said on Wednesday. The rupee inched up with sligh gains against the dollar for buying and selling at Rs 104.84 and Rs 104.88, they said.
Published 29 Dec, 2016 12:00am
THE RUPEE: minor changes
Currency

THE RUPEE: minor changes

Little changes were witnessed in value of the rupee against the dollar in the process of trading, dealers said on Wednesday. The rupee inched up with sligh gains against the dollar for buying and selling at Rs 104.84 and Rs 104.88, they said.
Published 29 Dec, 2016 12:00am
FBR starts budget preparation exercise

FBR starts budget preparation exercise

The Federal Board of Revenue (FBR) has started budget preparation exercise for 2017-18. According to the FBR's instructions issued to all chambers and federations here on Wednesday, FBR has initiated formulation of proposals for Finance Bill/ Budget 2017-
Published 29 Dec, 2016 12:00am
FBR starts budget preparation exercise

FBR starts budget preparation exercise

The Federal Board of Revenue (FBR) has started budget preparation exercise for 2017-18. According to the FBR's instructions issued to all chambers and federations here on Wednesday, FBR has initiated formulation of proposals for Finance Bill/ Budget 2017-
Published 29 Dec, 2016 12:00am
FBR starts budget preparation exercise

FBR starts budget preparation exercise

The Federal Board of Revenue (FBR) has started budget preparation exercise for 2017-18. According to the FBR''s instructions issued to all chambers and federations here on Wednesday, FBR has initiated formulation of proposals for Finance Bill/ Budget 2017
Published 29 Dec, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (December 28, 2016).

Published 29 Dec, 2016 12:00am
Banks told to beef up independent directors

Banks told to beef up independent directors

The State Bank of Pakistan (SBP) Wednesday, revising instructions on 'independent directors', directed banks and DFIs to increase minimum number of independent directors from 25 percent to 33 percent of the total Board members with effect from March 31, 2
Published 29 Dec, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (December 28, 2016).

Published 29 Dec, 2016 12:00am
Banks told to beef up independent directors

Banks told to beef up independent directors

The State Bank of Pakistan (SBP) Wednesday, revising instructions on 'independent directors', directed banks and DFIs to increase minimum number of independent directors from 25 percent to 33 percent of the total Board members with effect from March 31, 2
Published 29 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 Wednesday (December 28, 2016).

Published 29 Dec, 2016 12:00am
Banks told to beef up independent directors

Banks told to beef up independent directors

The State Bank of Pakistan (SBP) Wednesday, revising instructions on ''independent directors'', directed banks and DFIs to increase minimum number of independent directors from 25 percent to 33 percent of the total Board members with effect from March 31,
Published 29 Dec, 2016 12:00am
Demonetization fear
Currency

Demonetization fear

The market was abuzz with rumours for quite some time that the government was mulling demonetizing the Rs 5000 note, on the pattern of India, for the last few weeks. These rumours gained the new currency after the Senate passed the resolution on 19 Decemb
Published 29 Dec, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (December 28, 2016)

Published 29 Dec, 2016 12:00am
Beyond birthday wishes

Beyond birthday wishes

Resorting to birthday diplomacy Indian Prime Minister Narendra Modi sent his good wishes to Mian Nawaz Sharif on his 67th birthday via Twitter, praying "for his long and healthy life." Last year also he had stopped by on his way back from Afghanistan to p
Published 29 Dec, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (December 28, 2016).

Published 29 Dec, 2016 12:00am
Export or bust

Export or bust

As the year slips by Pakistan's public debt has exceeded 22 trillion rupees with external liabilities crossing the $74 billion mark. Add to this amount, the projected external borrowings for the China Pakistan Economic Corridor (CPEC), along with the
Published 29 Dec, 2016 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 29 Dec, 2016 12:00am
UNSC resolution - a wake-up call?

UNSC resolution - a wake-up call?

The one good thing the UN Security Council has done in a long time is its last Friday's adoption of a resolution that punctured Israel's sense of impunity with which it has been constructing settlements on the Palestinian lands occupied through an act of
Published 29 Dec, 2016 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 29 Dec, 2016 12:00am
Benazir: leader par excellence - II

Benazir: leader par excellence - II

The theory propounded by Dr Sachithanandam got credence as proved by later events. Dr Sachithanandam aptly highlighted that "the earliest foreboding surfaced in the backroom manoeuvres by United States and British intelligence services to engineer panic a
Published 29 Dec, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (December 28, 2016).

Published 29 Dec, 2016 12:00am
Zardari, son to run for parliament

Zardari, son to run for parliament

That's very good news, indeed. Upon his return after an 18-month 'exile' PPP leader Asif Ali Zardari had told his party workers who had flocked the Karachi airport to receive him that he would give a 'good' news to the nation on the occasion of 9th death
Published 29 Dec, 2016 12:00am
The Weather

The Weather

The weather report on Wednesday (December 28, 2016) and the forecast for Thursday (December 29, 2016).

Published 29 Dec, 2016 12:00am
US MIDDAY: corn, wheat and soya retreat

US MIDDAY: corn, wheat and soya retreat

US corn, wheat and soyabean futures fell on Wednesday in technically driven trade as investors squared positions toward the end of the year and the dollar firmed, analysts said. Additional pressure stemmed from easing concerns about crop weather in South
Published 29 Dec, 2016 12:00am
Argentina to keep subsidies for local oil production next year

Argentina to keep subsidies for local oil production next year

Argentina will maintain subsidies to the country's oil producers next year, energy Minister Juan Jose Aranguren told reporters on Tuesday, ending speculation that the ministry was set to remove subsidies paid for by consumers at the gas pump. A new subsid
Published 29 Dec, 2016 12:00am
Rule to curb US banks dealing in industrial metals
Currency

Rule to curb US banks dealing in industrial metals

The Office of the Comptroller of the Currency (OCC) said on Wednesday it had submitted a rule to the Federal Register to prohibit US national banks and federal savings associations from dealing or investing in industrial or commercial metals. The ruling,
Published 29 Dec, 2016 12:00am
Gold little changed in European trade

Gold little changed in European trade

Gold was little changed on Wednesday, off a near two-week high hit in the previous session and weighed on by a stronger dollar and European equities. Spot gold was down 0.1 percent at $1,138 an ounce by 1515 GMT, after hitting its strongest since December
Published 29 Dec, 2016 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices rose on Wednesday, extending gains after it hit a near two-week high in the previous session, on a technically-driven rebound in thin volume amid a slightly weaker dollar. Spot gold was up half a percent at $1,143.98 an ounce by 0636 GMT. Gold
Published 29 Dec, 2016 12:00am
Gold soars in New York

Gold soars in New York

Gold prices rose on Tuesday to a near two-week high on weak Japanese inflation data, but trading was thin with traders in the United States returning after the long Christmas weekend and London markets still closed. Most analysts believe broad concerns ab
Published 29 Dec, 2016 12:00am
Arabica coffee slips to six-month low, sugar climbs

Arabica coffee slips to six-month low, sugar climbs

Arabica coffee futures on ICE dipped to a 6-month low on Wednesday as the market extended its prolonged slide with funds liquidating long positions. March arabica coffee was off 0.90 cent, or 0.7 percent, at a 6-month low of $1.3330 per lb at 1513 GMT. "W
Published 29 Dec, 2016 12:00am
Malaysian palm oil hits its highest in over a week

Malaysian palm oil hits its highest in over a week

Malaysian palm oil futures rose to their highest in one-and-a-half weeks on Wednesday, marking a second consecutive session of gains, helped by tight supplies and improving exports. Benchmark palm oil futures for March delivery on the Bursa Malaysia Deriv
Published 29 Dec, 2016 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures gave up early gains to close slightly lower on Wednesday as investors took profits after Shanghai lost steam. The Tokyo Commodity Exchange (TOCOM) rubber contract for June delivery finished 0.8 yen, or 0.3 percent, lower at
Published 29 Dec, 2016 12:00am
Oil holds near annual peaks, awaiting Opec cuts, supply data

Oil holds near annual peaks, awaiting Opec cuts, supply data

Crude oil prices edged up for a fourth consecutive session on Wednesday, close to their highest levels since mid-2015, ahead of US oil inventory figures and as the market awaits evidence of Opec supply reductions in the new year. US benchmark West Texas I
Published 29 Dec, 2016 12:00am
Falling stocks and bargain hunters help to buoy copper

Falling stocks and bargain hunters help to buoy copper

Copper prices rose on Wednesday as recent losses, falling stocks and expectations of stronger demand in top consumer China persuaded buyers to return to the market. Benchmark copper on the London Metal Exchange (LME) closed 1.4 percent up at $5,545 a tonn
Published 29 Dec, 2016 12:00am
Shanghai copper jumps

Shanghai copper jumps

Chinese copper futures led a near across-the-board gain in base metals on the Shanghai Futures Exchange, also sweeping LME copper higher in the post-holiday resumption of trade. Copper, widely used in power and construction, is up around 20 percent this y
Published 29 Dec, 2016 12:00am
Cotton inches down
Cotton

Cotton inches down

ICE cotton futures edged lower for the second straight session on Tuesday in limited holiday trading, amid a steady dollar. "The market is calm with minimal activity due to the holidays," said Rogers Varner, president of Varner Brokerage in Cleveland, Mis
Published 29 Dec, 2016 12:00am
Electricity, gas shortages irk residents of twin cities

Electricity, gas shortages irk residents of twin cities

Low gas pressure and unscheduled electricity load shedding for long hours have irked the lives of residents of Rawalpindi and Islamabad miserable. Electricity outages for up to eighteen hours have adversely affected the commercial activities in the twin c
Published 29 Dec, 2016 12:00am
SEPA demolishes 30 illegal fire tunnels

SEPA demolishes 30 illegal fire tunnels

Sindh Environmental Protection Agency (SEPA) on Wednesday with the help of district Police demolished thirty illegal fire tunnels at Ganju Takkar Latifabad, during the operation against illegal fire tunnels. Incharge SEPA Hyderabad Muneer Abbasi said that
Published 29 Dec, 2016 12:00am
CoAS confirms death sentences to 8 terrorists

CoAS confirms death sentences to 8 terrorists

Chief of Army Staff (CoAS) General Qamar Javed Bajwa on Wednesday confirmed death sentences awarded to eight hardcore terrorists, besides life term to three others. According to Inter Services Public Relations, those have been sentenced were involved in h
Published 29 Dec, 2016 12:00am
USA Commercial Service to be shifted to Karachi in March: US CG

USA Commercial Service to be shifted to Karachi in March: US CG

Commercial Service Department of United States at its embassy in Islamabad will be shifted to Karachi in March 2017 to tap the city's huge economic potential and strengthen the economic ties of USA and Pakistan. This was announced by USA Counsel General i
Published 29 Dec, 2016 12:00am
NUST convocation held

NUST convocation held

Over 200 successful students received degrees at the postgraduate convocation of NUST School of Electrical Engineering and Computer Science (SEECS), at the university's main campus here on Wednesday. The degrees were awarded in the disciplines of Electric
Published 29 Dec, 2016 12:00am
President lauds role of ISI

President lauds role of ISI

President Mamnoon Hussain has lauded the role of ISI in eliminating terrorism from the country. He was talking to Director General ISI, Lieutenant General Naveed Mukhtar, who called on him, here on Wednesday. The President expressed the hope that the Agen
Published 29 Dec, 2016 12:00am
Launch of Smart School Project ordered

Launch of Smart School Project ordered

Minister of CADD Dr Tariq Fazal Chaudhry has directed the Federal Directorate of Education and the management of Prime Minister Education Reform Program to immediately launch the Smart School Project. The minister chaired a meeting on education sector whi
Published 29 Dec, 2016 12:00am
PPP's CEC endorses Bilawal's Asif Zardari's decisions

PPP's CEC endorses Bilawal's Asif Zardari's decisions

A meeting of the CEC of Pakistan People's Party held here on Tuesday in Naudero House endorsed the decision of PPP Chairman and former President Asif Ali Zardari to enter into electoral politics and give new thrust to the fight for the rights of people an
Published 29 Dec, 2016 12:00am
Up-gradation of pay scales of Fesco employees confirmed

Up-gradation of pay scales of Fesco employees confirmed

Faisalabad Electric Supply Company (Fesco) Board of Directors (BoD) has confirmed the Pepco decision for up-gradation of pay scales of nine different categories of Fesco employees and enhanced the up-gradation quota from 30 percent to 50 percent allocated
Published 29 Dec, 2016 12:00am
Every criminal bound to place request for plea bargain: NAB chairman

Every criminal bound to place request for plea bargain: NAB chairman

Chairman National Accountability Bureau (NAB) Qamar Zaman Chaudhry said that NAB always performs within ambits of the Constitution, adding the provision of the plea bargain exists not only in the laws of many countries but in Pakistan too which helped rec
Published 29 Dec, 2016 12:00am
Pak-American doctor wins Nato's Scientific Achievement Award

Pak-American doctor wins Nato's Scientific Achievement Award

A Pakistani-American doctor has won the "Scientific Achievement Award 2016" from the Nato Science and Technology Organisation (STO) for his extraordinary performance in research on medical countermeasures against biological agents. Nato's STO, the largest
Published 29 Dec, 2016 12:00am
Health minister meets Shahbaz

Health minister meets Shahbaz

Minister of State for Health Saira Afzal Tarar met Punjab Chief Minister Shahbaz Sharif on Wednesday. Speaking on the occasion, the Punjab Chief Minister said that provision of quality public health facilities is the priority of the government and reforms
Published 29 Dec, 2016 12:00am
CPEC: FPCCI seeks protection of local industries

CPEC: FPCCI seeks protection of local industries

President Federation of Pakistan Chambers of Commerce and Industries (FPCCI), Abdul Rauf Alam has urged the federal government to evolve mechanism and involve private sector in formation of a policy to protect local industries and investors from foreign g
Published 29 Dec, 2016 12:00am
Panel recommends transfer of Pak-China Friendship Centre to PNCA

Panel recommends transfer of Pak-China Friendship Centre to PNCA

A parliamentary panel Wednesday recommended the government to transfer Pak-China Friendship Centre and Art & Craft Village to the Pakistan National Council of Arts (PNCA). The National Assembly Standing Committee on Information, Broadcasting and National
Published 29 Dec, 2016 12:00am
ATR-42 aircraft: experts decode black box, voice recorder

ATR-42 aircraft: experts decode black box, voice recorder

The main black box and voice recorder of a Pakistan International Airlines (PIA) plane that crashed on December 7 near Havelian in Abbottabad District with 47 people on board has been deciphered by experts, officials confirmed on Wednesday. According to t
Published 29 Dec, 2016 12:00am
LNG deal not uploaded yet

LNG deal not uploaded yet

The Ministry of Petroleum or any of the attached departments have not yet uploaded the Pak-Qatar Liquefied Natural Gas (LNG) agreement sealed on February 10, 2016, contrary to repeated commitments by the Petroleum Minister Shahid Khaqan Abbassi. Pakistan
Published 29 Dec, 2016 12:00am
Talks on LNG pipeline project nearing completion: Russian CG

Talks on LNG pipeline project nearing completion: Russian CG

The Russian Consul General Oleg N Avdeev has said that negotiation on commercial contracts for $2.2 billion North-South LNG Pipeline from Karachi to Lahore are now nearing completion and construction work is expected to start in the first quarter of next
Published 29 Dec, 2016 12:00am
Ahsan meets Khattak in Beijing

Ahsan meets Khattak in Beijing

Minister for Planning Development and Reform, Ahsan Iqbal on Wednesday held an informal meeting with KP Chief Minister Pervaiz Khattak on the sideline of 6th Joint Co-operation Committee (JCC) to be held in Beijing on Thursday. The CM expressed his satisf
Published 29 Dec, 2016 12:00am
Project on fruit fly launched in Punjab

Project on fruit fly launched in Punjab

The Punjab Agriculture Department has launched a project to tackle the issue of fruit fly at a cost of Rs 227 million in 30 districts of the province and increase the production of mangoes, citrus and guava. According to a spokesman of the department, the
Published 29 Dec, 2016 12:00am
MCB-AH launches Alhamra Islamic Active Allocation Plan-I

MCB-AH launches Alhamra Islamic Active Allocation Plan-I

"Alhamra" an Islamic Investment Division of MCB-Arif Habib Savings and Investments Limited ("MCB-AH") has launched Alhamra Islamic Active Allocation Fund Plan I, an Open-ended Asset Allocation Fund of Funds Scheme. The Initial Offering Period (lOP) of Alh
Published 29 Dec, 2016 12:00am
PBC carries out highly significant study on Pak-Afghan trade
Cotton

PBC carries out highly significant study on Pak-Afghan trade

There is huge potential for additional trade between Pakistan and Afghanistan of more than $500 million which should be explored to boost not only bilateral trade between the two countries but also to build stronger friendlier political ties.
Published 29 Dec, 2016 12:00am
JazzCash, HomeSend partner for collection of remittances

JazzCash, HomeSend partner for collection of remittances

JazzCash, Mobilink's Mobile Financial Services arm, has teamed up with HomeSend to let its users receive international remittances directly in their mobile accounts. JazzCash is the first mobile financial service provider to integrate with HomeSend and of
Published 29 Dec, 2016 12:00am
Suspects held after alcohol poisoning kills 34

Suspects held after alcohol poisoning kills 34

Police on Wednesday caught three men accused of preparing home-made liquor mixed with aftershave that killed 34 people including a fourth suspect after they consumed the toxic brew on Christmas Eve. More than a hundred people were also sickened in the inc
Published 29 Dec, 2016 12:00am
CDGL initiates drive against sale of illegal cigarettes

CDGL initiates drive against sale of illegal cigarettes

The City District Government Lahore (CDGL) has started a drive against the sale of illegal cigarettes. In the first phase of drive, the personnel of the CDGL would paste warning stickers and posters outside different retail shops against the sale of cigar
Published 29 Dec, 2016 12:00am
Karachi operation to be made result-oriented: DG Rangers

Karachi operation to be made result-oriented: DG Rangers

The Director General of Pakistan Rangers, Sindh, Major General Muhammad Saeed Wednesday issued instructions to make the ongoing Karachi operation more effective and result-oriented. According to a statement issued here, he issued these directives to the o
Published 29 Dec, 2016 12:00am
Deceitful politics of India: APHC warns Kashmiris to remain cautious

Deceitful politics of India: APHC warns Kashmiris to remain cautious

In occupied Kashmir, the All Parties Hurriyet Conference (APHC) on Wednesday urged the Kashmiri people to remain cautious about deceitful politics of the puppet rulers. The APHC in a statement issued in held Srinagar said, the Kashmiris to take notice of
Published 29 Dec, 2016 12:00am
JUI-Fata opposes anti-polio drive

JUI-Fata opposes anti-polio drive

Jamiat Ulema-e-Islam-FATA chapter has opposed anti-polio vaccine drive in tribal areas saying that children are being murdered through anti-polio drops. Ameer of JUI-FATA Mufti Abdu Shakoor told a private TV news channel that children in FATA are being mu
Published 29 Dec, 2016 12:00am
KU awards 33 M Phil & 14 PhD degrees

KU awards 33 M Phil & 14 PhD degrees

University of Karachi has decided to confer 33 M.Phil and 14 Ph.D. degrees, said Registrar of the institution, Professor Dr Mozzam Ali Khan, on Wednesday. He said that a decision to this effect was taken at the meeting of the University's Board of Advance
Published 29 Dec, 2016 12:00am
Shahbaz discusses Saaf Pani Project with Chinese companies

Shahbaz discusses Saaf Pani Project with Chinese companies

Punjab Chief Minister Shahbaz Sharif addressed senior authorities of Chinese companies in water sector in Beijing through video link from Lahore and discussed matters regarding Saaf Pani Project on Wednesday. Punjab CM said that Punjab government evolved
Published 29 Dec, 2016 12:00am
Power supply to Ripha University disconnected

Power supply to Ripha University disconnected

Under its recovery of bills drive, the Lahore Electric Supply Company (LESCO) disconnected power supply to the Ripha University premises on a default of Rs 4.9 million, pending over the last six months. The Ex-En Township division Rai Asghar took action a
Published 29 Dec, 2016 12:00am
Punjab government to provide uplift funds directly to LG members

Punjab government to provide uplift funds directly to LG members

The Punjab government would provide development funds directly to the members of local bodies while the members of the provincial assembly (MPAs) would have no role in this regard, said Special Assistant to the Chief Minister Punjab Rana Muhammad Arshad.
Published 29 Dec, 2016 12:00am
'IDEAS 2016 shows Pakistan's capability in defence sector'

'IDEAS 2016 shows Pakistan's capability in defence sector'

The 9th International Defence Exhibition and Seminar (IDEAS 2016) showed the world Pakistan's capability and potential in defence sector. These views were expressed at a Gala Dinner & Cultural Show organised by DEPO and Badar Expo Solutions, at DHA Golf C
Published 29 Dec, 2016 12:00am
'IDEAS 2016 shows Pakistan's capability in defence sector'

'IDEAS 2016 shows Pakistan's capability in defence sector'

The 9th International Defence Exhibition and Seminar (IDEAS 2016) showed the world Pakistan's capability and potential in defence sector. These views were expressed at a Gala Dinner & Cultural Show organised by DEPO and Badar Expo Solutions, at DHA Golf C
Published 29 Dec, 2016 12:00am
NAB to challenge Dr Asim's medical reports in court

NAB to challenge Dr Asim's medical reports in court

The National Accountability Bureau (NAB) on Wednesday declared Dr Asim's illness as excuse to flee the corruption case against him. According to details, NAB has decided to challenge former petroleum minister's medical report in the court. Dr Asim was shi
Published 29 Dec, 2016 12:00am
Janoo presents BMP-PBG manifesto for revival of FPCCI

Janoo presents BMP-PBG manifesto for revival of FPCCI

Abdul Rahim Janoo, joint presidential candidate of the Businessmen Panel (BMP) and the Pakistan Business Group (PBG) for the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for the 2017 election Wednesday presented its manifesto for reviv
Published 29 Dec, 2016 12:00am
Import of dry fruits surges by over 26 percent

Import of dry fruits surges by over 26 percent

The country's import of dry fruits surged by over 26 percent to $69.179 million in July-November 2016, Pakistan Bureau of Statistics says. Dry fruits import growth comes to the tune of $14.296 million in July-November 2016 from $54.883 million in July-Nov
Published 29 Dec, 2016 12:00am
Five die in road accident

Five die in road accident

At least five people including three women died while more than 15 others were injured when a passenger coach overturned here on Wednesday. Rescue sources said that a Karachi bound passenger coach coming from Malsi area of Punjab turned turtle due to over
Published 29 Dec, 2016 12:00am
Magoon says 'service tax' illegal, cruel

Magoon says 'service tax' illegal, cruel

Joint candidate of BMP and PBG Vice President for FPCCI Elections 2017 and chairman of the Indenters Association of Pakistan (IAP) , Saqib Fayyaz Magoon, has demanded withdrawal of the service tax imposed on indenters by the Sindh government. He sought th
Published 29 Dec, 2016 12:00am
PCDMA welcomes cut in import price of sulphuric acid

PCDMA welcomes cut in import price of sulphuric acid

Chairman Pakistan Chemicals and Dyes Merchant Association (PCDMA), Nasiruddin Fateh Kukda has welcomed the decision of Directorate Custom valuation of reducing import price of sulphuric acid from 1250 dollar per ton to 1160 per tone. He said that the DG V
Published 29 Dec, 2016 12:00am
Railways to run two winter trains from Karachi to Lahore

Railways to run two winter trains from Karachi to Lahore

Pakistan Railways (PR) would operate two special winter trains from Karachi to Lahore this month. Divisional Commercial Officer (DCO) Nasir Nazeer said that the decision was made in order to cope with the growing passenger rush at reservations offices of
Published 29 Dec, 2016 12:00am
Huge cache of weapons seized by FC

Huge cache of weapons seized by FC

The law enforcement agencies on Wednesday seized huge cache of weapons and explosive material during a raid conducted in Punjgur. In a statement issued by the FC spokesman, on a tipoff, Frontier Corps (FC) and intelligence agencies carried out a raid at t
Published 29 Dec, 2016 12:00am
Authorities urged to deal with crime, economy

Authorities urged to deal with crime, economy

The chairman of the Pakistan Soap Manufacturers Association, A Abdullah Zaki, has expressed fear that if the government does not take action to deal with the present law-and-order situation, foreign investment will shift to other countries, and local inve
Published 29 Dec, 2016 12:00am
KATI urges governments to take notice of civic woes

KATI urges governments to take notice of civic woes

President of Korangi Association Trade & Industry (KATI), Masood Naqi has urged the federal and provincial governments to take serious notice of mismanagement in Karachi and device a compact strategy to resolve all the sufferings of the city. He said that
Published 29 Dec, 2016 12:00am
DMC Centre claims to have lifted 34,558 tons of garbage

DMC Centre claims to have lifted 34,558 tons of garbage

Chairman District Municipal Corporation (DMC) Central Rehan Hashmi claimed to have lifted around 34,558 tons of garbage as part of the 'city clean campaign'. The district corporation has so far spent around Rs 25 million to lift and dispose off the said q
Published 29 Dec, 2016 12:00am
Three terrorists arrested

Three terrorists arrested

Police on Wednesday arrested three suspected terrorists of a banned organisation during an operation in Site area of the metropolis. According to police sources, police carried out an intelligence-based operation in Site area's Pathan Colony and detained
Published 29 Dec, 2016 12:00am
Social media: AGP seeks action against offenders

Social media: AGP seeks action against offenders

Attorney General for Pakistan (AGP) on Wednesday asked secretaries for Interior Division and Information Technology to take a firm action against those who are hurling slanderous allegations at Chief Justice-designate Justice Mian Saqib Nisar on social me
Published 29 Dec, 2016 12:00am
'Experience Pakistan' project being launched in US: Jilani

'Experience Pakistan' project being launched in US: Jilani

The Pakistan Embassy in Washington has announced to launch Experience Pakistan project in the United States to engage Pakistani-American youth as well as Pakistani professional and community organisations to realise the potential of overseas Pakistanis. U
Published 29 Dec, 2016 12:00am
Marriyum seeks businessmen's cooperation against challenges

Marriyum seeks businessmen's cooperation against challenges

Minister of State for Information and Broadcasting Marriyum Aurangzeb has urged business community to extend co-operation to the government in overcoming challenges facing the country. She was addressing a ceremony of Islamabad Chambers of Commerce and In
Published 29 Dec, 2016 12:00am
Telenor Pakistan, NH&MP organise 'Road safety' workshop

Telenor Pakistan, NH&MP organise 'Road safety' workshop

In a bid to create awareness about road safety and reduce the number of accidents, Telenor Pakistan in collaboration with National Highway and Motorway Police (NH&MP) organised "Road safety" workshop here on Wednesday. Inspector NH&MP and Head of Road Saf
Published 29 Dec, 2016 12:00am
Country does not need sit-ins, protests: Nawaz

Country does not need sit-ins, protests: Nawaz

Prime Minister Muhammad Nawaz Sharif on Wednesday criticising the previous governments for pushing the country into darkness of loadshedding said, "Those responsible must be questioned over their grave negligence".
Published 29 Dec, 2016 12:00am
KP government may sign deals for projects with China: Ghani

KP government may sign deals for projects with China: Ghani

Khyber Pakhtunkhwa government is likely to sign agreement with the government of China for the much anticipated fast railway track project, along with an electricity generation and Gilglit-Chakdara and Dir Chitral roads projects. This was revealed by prov
Published 29 Dec, 2016 12:00am
JI announces 'long march' on Fata reforms

JI announces 'long march' on Fata reforms

Ameer of Jamaat-e-Islami (JI) FATA, Zar Noor Afridi has announced long march to press federal government for FATA reforms. The long march will be carried out in February 2017 during which a sit-in will also be staged in front of the Parliament House in Is
Published 29 Dec, 2016 12:00am
Draft bill on PoPA-ATA merger finalised

Draft bill on PoPA-ATA merger finalised

The government has finalised a draft bill that would merge Protection of Pakistan Act (PoPA) and Anti-Terrorism Act (ATA) aimed at dealing more effectively with terror related cases. The PoPA expired on July 15 this year and was promulgated to give the la
Published 29 Dec, 2016 12:00am
Zameen.com Property Expo concludes

Zameen.com Property Expo concludes

Zameen.com, Pakistan's premier real estate website, successfully concluded its two-day Zameen.com Property Expo 2016 (Islamabad). The event at federal capital saw a massive footfall of 40,000 visitors and converged real estate developers, sellers, and buy
Published 29 Dec, 2016 12:00am
Businessmen urged to invest in film industry

Businessmen urged to invest in film industry

State Minister for Information, Broadcasting and National Heritage Marriyum Aurangzeb has urged the business community to invest in film industry not only for its revival but also to promote culture and heritage of Pakistan at international level.
Published 29 Dec, 2016 12:00am
PCGA against duty-free import of Indian cotton
Cotton

PCGA against duty-free import of Indian cotton

Pakistan Cotton Ginners Association (PCGA) has strongly opposed the duty-free import of cotton from India describing it destructive to Pakistani economy. Addressing a press conference here on Tuesday PCGA's Senior Vice Chairman Suhail Mehmood Haral, Chair
Published 29 Dec, 2016 12:00am
Dr Zafar Mueen Nasar takes charge as PU vice chancellor

Dr Zafar Mueen Nasar takes charge as PU vice chancellor

Renowned economist and educationist Professor Dr Zafar Mueen Nasar has taken charge as Punjab University Vice Chancellor here on Wednesday. In this regard, Dr Zafar Mueen Nasar visited Vice Chancellor's office and submitted his joining report. The newly-a
Published 29 Dec, 2016 12:00am
SNGPL earns Rs 1.3 billion profit after tax

SNGPL earns Rs 1.3 billion profit after tax

Sui Northern Gas Pipe Lines Limited (SNGPL) during the period from July 2016 to September 2016 has earned a profit before tax amounting to Rs 1,999 million and profit after tax of Rs 1,399 million. During last year of corresponding period the Company sust
Published 29 Dec, 2016 12:00am
New connections: Lesco to introduce online system

New connections: Lesco to introduce online system

"The year of 2017 will bring happiness for the industrial and domestic users of the Lahore Electric Supply Company (Lesco) as they would be given huge relief in many counts. Online application system is being introduced for new connections."
Published 29 Dec, 2016 12:00am
'Medicines Supply Chain Management' being set up

'Medicines Supply Chain Management' being set up

On the direction of Chief Minister Punjab, 'Medicines Supply Chain Management' is being set up in the province of Punjab for which a high-level meeting between Punjab Minister for Specialised Healthcare & Medical Education Khawaja Salman Rafique and deleg
Published 29 Dec, 2016 12:00am
Shahbaz invites Chinese to invest in Quaid-e-Azam Apparel Park

Shahbaz invites Chinese to invest in Quaid-e-Azam Apparel Park

Punjab Chief Minister Shahbaz Sharif addressed to heads of Chinese companies in textile sector and members of a delegation from Punjab through video conference in Beijing from Lahore on Wednesday. It was decided in the meeting to speedily implement Quaid-
Published 29 Dec, 2016 12:00am
Punjab Hepatitis Prevention, Control Act 2017 soon

Punjab Hepatitis Prevention, Control Act 2017 soon

In a bid to check spread of diseases like Hepatitis B & C, the Punjab government has finalised the draft of 'the Punjab Hepatitis Prevention and Control Act 2017,' which would be tabled soon.
Published 29 Dec, 2016 12:00am
Educational institutions facing terror threat

Educational institutions facing terror threat

Higher Education Department Punjab has written a letter to all the colleges and universities of the province over terror threat saying that terrorists could target educational institutions by December 31. According to sources, terrorists have been given t
Published 29 Dec, 2016 12:00am
'Fiscal discipline being ensured in Punjab through regular monitoring'

'Fiscal discipline being ensured in Punjab through regular monitoring'

With a view to reviewing matters pertaining to release of funds to different departments, development and capital budget, expenditures of departments, use of development budget, tax and non-tax revenues, ratio of income and expenditure between accountant
Published 29 Dec, 2016 12:00am
Punjab CM, governor discuss law and order situation

Punjab CM, governor discuss law and order situation

Punjab Chief Minister Shahbaz Sharif and Governor Punjab Muhammad Rafique Rajwana held a meeting, here Wednesday. Matters of mutual interest, law and order situation and the ongoing public welfare projects in the province were discussed. The Chief Ministe
Published 29 Dec, 2016 12:00am
Academia-industry linkages vital for economic growth: Haadi

Academia-industry linkages vital for economic growth: Haadi

Haadi Ali Uppal from Roots International College has called for strengthening Academia-Industry ties to bridge the gap between demanded skills and supplied skills that would help in absorbing the educated youth in the job market curtailing unemployment re
Published 29 Dec, 2016 12:00am
PIAF demands solid measures to control crimes

PIAF demands solid measures to control crimes

The Pakistan Industrial and Traders Associations Front (PIAF) has urged the government to take concrete measures to control deteriorating law and order situation which is hurting the whole business atmosphere. PIAF Chairman Irfan Iqbal Sheikh said this in
Published 29 Dec, 2016 12:00am
Nishat Chunian Power Limited

Nishat Chunian Power Limited

Nishat Chunian Power Limited (NCPL) is part of the Nishat Chunian group which is a major player in the textile sector of Pakistan. Today, Nishat Chunian group consists of five companies including Nishat Chunian Limited (a textile company), Nishat Chun
Published 29 Dec, 2016 12:00am
Nishat Chunian Power Limited

Nishat Chunian Power Limited

Nishat Chunian Power Limited (NCPL) is part of the Nishat Chunian group which is a major player in the textile sector of Pakistan. Today, Nishat Chunian group consists of five companies including Nishat Chunian Limited (a textile company), Nishat Chun
Published 29 Dec, 2016 12:00am
Four demands: government ready to hold talks with PPP

Four demands: government ready to hold talks with PPP

The Sharif administration is ready to negotiate with the Pakistan People's Party (PPP) on its four demands to avoid confrontation, informed sources revealed to Business Recorder. Unlike in the past this time around a grand opposition appears to be
Published 29 Dec, 2016 12:00am
LoC: rehabilitation of people pending since 1998

LoC: rehabilitation of people pending since 1998

A parliamentarian panel on Wednesday observed that rehabilitation of affectees at the Line of Control (LoC) has been pending since 1998. A meeting of the sub-committee of Public Accounts Committee (PAC) was held under Convenor Rana Afzaal Hussain, which e
Published 29 Dec, 2016 12:00am
Khursheed Shah to remain opposition leader: PPP

Khursheed Shah to remain opposition leader: PPP

Pakistan peoples party (PPP) on Wednesday contradicted a news item that Chairman Bilawal Bhutto Zardari will replace Syed Khursheed Shah as Leader of the Opposition in the National Assembly. In a clarification statement, the spokesman of Bilawal House sai
Published 29 Dec, 2016 12:00am
31 Saudi militants fighting in Pakistan, Afghanistan: ministry

31 Saudi militants fighting in Pakistan, Afghanistan: ministry

More than 2,000 Saudis are fighting abroad with militant groups, with over 70 percent of them in Syria, the kingdom's interior ministry was reported as saying on Monday. "The number of Saudis proven to be in conflict areas is 2, 093," Interior Ministry Sp
Published 29 Dec, 2016 12:00am
PPP's rivals in Sindh least impressed by Zardari's announcement

PPP's rivals in Sindh least impressed by Zardari's announcement

Pakistan Peoples Party's (PPP) rival parties in Sindh remained unimpressed by the announcement of former president Asif Ali Zardari that he and his son Bilawal Bhutto Zardari will contest by-elections to become part of parliament. Asif Ali Zardari has mis
Published 29 Dec, 2016 12:00am
PM can't run away from Panama case: PTI

PM can't run away from Panama case: PTI

Pakistan Tehreek-e-Insaf (PTI) leader Naeem-ul-Haque on Wednesday said that Prime Minister Nawaz Sharif cannot run away from Panama Leaks case without clarification. Responding to the PM's speech, Naeem-ul-Haque said that construction of energy project is
Published 29 Dec, 2016 12:00am
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