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Archive - 2017-01-05
BMW launches first augmented reality dealerships
Life & Style

BMW launches first augmented reality dealerships

FRANKFURT AM MAIN: BMW customers will be able to view the luxury carmaker's hybrid and electric BMWi cars with augmented reality technology in a world first for car dealerships from Thursday, the manufacturer said.
Updated 09 May, 2018 10:02pm
Nissan halts joint development of luxury cars with Daimler
Life & Style

Nissan halts joint development of luxury cars with Daimler

PARIS: Nissan is halting joint development of luxury cars with Daimler's Mercedes-Benz, sources close to the companies told Reuters, suspending a key project in their seven-year partnership and potentially hitting profitability at a new shared factory
Updated 08 May, 2018 06:36pm
West African oil loading for Asia to slip in January
Energy

West African oil loading for Asia to slip in January

LONDON: West African crude loading for Asia is expected to slide more than 10 percent in January as some buyers opt for regional grades or cargoes in floating storage, a Reuters survey of traders and shipping data showed on Thursday.
Published 05 Jan, 2017 06:08pm
Yields fall on uncertain outlook under Trump, Fed minutes
Financial

Yields fall on uncertain outlook under Trump, Fed minutes

NEW YORK: US Treasury debt yields dropped broadly on Thursday, falling for a third straight session, as investors grew uncertain about the incoming Trump administration and waited for more clarity about its policies before taking more positions.
Published 05 Jan, 2017 06:07pm
Oil prices fall on big build in US gasoline, distillate stocks
Energy

Oil prices fall on big build in US gasoline, distillate stocks

NEW YORK: Oil prices slipped on Thursday after a surprisingly large increase in US inventories of gasoline and distillates, slamming the brakes on an early rally on news that Saudi Arabia had started talks with customers about reducing crude sales.
Published 05 Jan, 2017 05:38pm
US puts bin Laden's son on terror blacklist
Front Top News

US puts bin Laden's son on terror blacklist

WASHINGTON: The United States added Hamza bin Laden, son and heir of the late global jihadist leader Osama bin Laden, to its terrorist blacklist on Thursday.
Published 05 Jan, 2017 05:20pm
Two killed in new Turkey attack as Istanbul gunman hunted
World Top News

Two killed in new Turkey attack as Istanbul gunman hunted

ANKARA: A car bombing rocked the Turkish city of Izmir on Thursday, killing at least two people and triggering a shootout that left two suspected militants dead, as authorities chased the fugitive killer behind the New Year attack in Istanbul.
Published 05 Jan, 2017 05:16pm
Govt achieves great success in economic growth: PM
Pakistan

Govt achieves great success in economic growth: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Thursday said that the present government due to its rational approach and prudent policies had achieved great success in economic growth which had been acknowledged by the international financial institu
Published 05 Jan, 2017 02:53pm
PM calls for operation Zarb-e-Qalam against extremism, intolerance
Front Top News

PM calls for operation Zarb-e-Qalam against extremism, intolerance

ISLAMABAD: Prime Minister Muahmmad Nawaz Sharif Thursday stressed the need for operation Zarb-e-Qalam just like anti-terror operation Zarb-e-Azb to fight the forces spreading extremism and intolerance in the society.
Published 05 Jan, 2017 01:31pm
Pak forex figure $ 23.164bn
Top News

Pak forex figure $ 23.164bn

KARACHI: Total liquid foreign exchange reserves of the country stand at dollars 23.
Published 05 Jan, 2017 01:25pm
Obama defends legacy in letter to American people
North America

Obama defends legacy in letter to American people

WASHINGTON: US President Barack Obama acclaimed his outgoing administration's accomplishments on Thursday in a letter to the American people defending a legacy on health care and other issues that his successor Donald Trump has vowed to dismantle.
Published 05 Jan, 2017 12:43pm
Iraq cuts oil production per OPEC deal: ministry
Energy

Iraq cuts oil production per OPEC deal: ministry

BAGHDAD: Iraq has cut crude production by some 200,000 barrels per day as part of an OPEC oil cartel agreement aimed at boosting flagging prices, the oil ministry's spokesman said Thursday.
Published 05 Jan, 2017 12:36pm
Stock markets drift after Fed update
Financial

Stock markets drift after Fed update

LONDON: Stock markets flattened Thursday and the dollar lost support as investors gave a lukewarm response to the Federal Reserve's signal that US interest rates may rise faster than expected.
Published 05 Jan, 2017 12:35pm
Bilawal, Zardari to contest by-poll on common electoral symbol
Pakistan Top News

Bilawal, Zardari to contest by-poll on common electoral symbol

%D%AKARACHI: Denying a news item published in a section of media, Pakistan Peoples Party and Pakistan Peoples Party-Parliamentarian on Thursday decided that PPP Chairman Bilawal Bhutto-Zardari and PPPP President Asif Ali Zardari will contest by-elections
Published 05 Jan, 2017 11:19am
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 Tuesday having 48713.
Published 05 Jan, 2017 10:57am
POL udders running dry for FBR
Miscellaneous

POL udders running dry for FBR

One of the challenges faced by Finance Minister Ishaq Dar these days is to keep the balance between sales tax revenues from petroleum products and the prices consumer pay in the days of rising international oil prices.
Published 05 Jan, 2017 10:50am
Cement: Price promises!
Miscellaneous

Cement: Price promises!

Cement players had indicated that cement prices would be increased in accordance with coal price increase globally.
Published 05 Jan, 2017 10:49am
Retail banking and financial inclusion
Miscellaneous

Retail banking and financial inclusion

The latest annual Payment System Review (the Review) by the State Bank of Pakistan (SBP) shows an all-round growth in retail payment infrastructure and transaction-mix during FY16.
Published 05 Jan, 2017 10:48am
Nature Landscapes by Argen Elezi
Featured Photos

Nature Landscapes by Argen Elezi

Photo Credit : Argen Elezi%Drgen Elezi is a talented self taught photographer from Albania, who currently based in Toronto, Canada.
Published 05 Jan, 2017 10:15am
Alluring Travel Photography by Alex Block
Featured Photos

Alluring Travel Photography by Alex Block

Photo Credit : Alex Block%Dlex Block is a talented self-taught photographer and adventurer, who has traveled to 50+ countries and more than 100 cities.
Published 05 Jan, 2017 10:13am
Stunning Travel Instagrams by Adam Bakay
Featured Photos

Stunning Travel Instagrams by Adam Bakay

Photo Credit : Adam Bakay%Ddam Bakay is a talented 22-year-old self-taught photographer and traveler based in Prague, Czech Republic.
Published 05 Jan, 2017 10:11am
Venezuela president names new potential successor
World

Venezuela president names new potential successor

CARACAS: Venezuela's leader Nicolas Maduro named an ex-security minister Wednesday as his vice-president, who would become head of state if Maduro were removed from office this year as the opposition demands.
Published 05 Jan, 2017 10:04am
Amazing Female Portrait by Ciro Galluccio
Featured Photos

Amazing Female Portrait by Ciro Galluccio

Photo Credit : Ciro Galliccio%Diro Galluccio is a talented self-taught photographer, retoucher and UI/Web designer from Naples, who's currently based in Rome, Italy.
Published 05 Jan, 2017 10:03am
A Candid By Davey Gravy
Featured Photos

A Candid By Davey Gravy

Photo Credit : Davey Gravey%Davey Gravy is a talented self-taught photographer, filmmaker, painter and artist based in Calgary, Alberta, Canada.
Published 05 Jan, 2017 10:00am
The Pianist by Charles Lawson
Featured Photos

The Pianist by Charles Lawson

Photo Credit : Charles Lawson%Dharles Lawson is a talented 28-year-old freelance photographer, designer and architect from Ghana, West Africas Gulf of Guinea.
Published 05 Jan, 2017 09:57am
World needs to tell India 'enough is enough' on Kashmir: PM
Pakistan Top News

World needs to tell India 'enough is enough' on Kashmir: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Thursday said Kashmir cannot remain on the boil forever and India must be questioned by the international community over the continued sufferings of Kashmiri people.
Published 05 Jan, 2017 09:48am
Hunting permits to Indians in Sindh annoy Nisar
General News

Hunting permits to Indians in Sindh annoy Nisar

%D%ARECORDER REPORT%D%A%D%AISLAMABAD: Interior Minister Chaudhry Nisar Ali Khan on Wednesday took notice of issuance of hunting permits in violation of set rules and regulations by the Government of Sindh to six people having Indian nationality.
Published 05 Jan, 2017 09:29am
European stock markets fall at open
Financial

European stock markets fall at open

LONDON: Europe's main stock markets fell at the start of trading on Thursday as investors digested Federal Reserve signals on the pace of future US interest rate rises.
Published 05 Jan, 2017 08:42am
Suffering of Kashmiris must end: PM Nawaz
Front Top News

Suffering of Kashmiris must end: PM Nawaz

ISLAMABAD: Prime Minister Nawaz Sharif has expressed that he salutes the determination of the people of Kashmir for continuing their struggle for the right of self-determination.
Published 05 Jan, 2017 08:30am
Younis Khan writes history against Australia
Cricket

Younis Khan writes history against Australia

Pakistan veteran batsman Younis Khan etched his name into record books, after he scored his 34th Test ton against Australia, in the third Test at the Sydney Cricket Ground (SCG), becoming the first batsman in the history of the game to score a hundred aga
Published 05 Jan, 2017 07:44am
Theresa May defends Pounds 300mn aid for Pakistan
Pakistan Top News

Theresa May defends Pounds 300mn aid for Pakistan

ISLAMABAD: The Prime Minister of United Kingdom and first Lord of the Treasury Theresa May has defended spending Pounds 300 million of overseas aid on cash handouts to Pakistani families despite allegations of corruption within the programme, The Times re
Published 05 Jan, 2017 07:43am
Takata shares continue rally on hopes of US settlement
Financial

Takata shares continue rally on hopes of US settlement

TOKYO: Struggling auto parts maker Takata surged again Thursday, the latest in a series of gains that have seen the value of its shares double since news broke last week of an expected settlement over a US criminal probe.
Published 05 Jan, 2017 07:22am
Auckland wants Serena back despite stormy exit
Sports

Auckland wants Serena back despite stormy exit

AUCKLAND: Auckland Classic organisers have appealed for Serena Williams to return next year despite the world number two lashing out at conditions following her shock second-round exit.
Published 05 Jan, 2017 07:18am
SECP places conditions on AMCs
Business & Economy

SECP places conditions on AMCs

SOHAIL SARFRAZ%D%AISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has placed certain conditions on asset management companies (AMCs) for charging of selling and marketing expenses to collective investment schemes managed by them.
Published 05 Jan, 2017 07:17am
China agrees to finance Eastbay Expressway
Business & Finance

China agrees to finance Eastbay Expressway

TAHIR AMIN%D%AISLAMABAD: China has agreed to finance Eastbay Expressway, connecting Gwadar Port and its free zone directly to highway, with Rs 15 billion interest-free loan under the China-Pakistan Economic Corridor (CPEC), said Chairman Gwadar Port Autho
Published 05 Jan, 2017 07:07am
Zardari vows none would be allowed to politicise CPEC

Zardari vows none would be allowed to politicise CPEC

People's Party (PPP) won't allow anyone to politicize the China Pakistan Economic Corridor (CPEC). However, the party would be compelled to launch protest in case the smaller provinces stand ignored. PPP fully supports the CPEC and looks forward to seeing
Published 05 Jan, 2017 12:00am
Zardari vows none would be allowed to politicise CPEC

Zardari vows none would be allowed to politicise CPEC

People''s Party (PPP) won''t allow anyone to politicize the China Pakistan Economic Corridor (CPEC). However, the party would be compelled to launch protest in case the smaller provinces stand ignored. PPP fully supports the CPEC and looks forward to seei
Published 05 Jan, 2017 12:00am
Zardari vows none would be allowed to politicise CPEC

Zardari vows none would be allowed to politicise CPEC

People''''s Party (PPP) won''''t allow anyone to politicize the China Pakistan Economic Corridor (CPEC). However, the party would be compelled to launch protest in case the smaller provinces stand ignored. PPP fully supports the CPEC and looks forward to
Published 05 Jan, 2017 12:00am
Emiratis banned from keeping wild pets

Emiratis banned from keeping wild pets

The private ownership of wild animals has been outlawed in the United Arab Emirates, where keeping exotic creatures as pets is a status symbol for some, reports said Wednesday. Wildcats including endangered cheetahs are known to have been domesticated in
Published 05 Jan, 2017 12:00am
Hoteling and tourism: Punjab committed to provide conducive atmosphere

Hoteling and tourism: Punjab committed to provide conducive atmosphere

Provincial Higher Education Minister Syed Raza Ali Gillani has said that tourism and hospitality are internationally recognised inter-twined industries, which have great potential and job- opportunities for the talented youth who can exploit vast prospect
Published 05 Jan, 2017 12:00am
Loan arranged for Tarbela extension project, Dar told

Loan arranged for Tarbela extension project, Dar told

Finance Minister Ishaq Dar on Wednesday chaired a meeting regarding the Tarbela Dam 5th Extension Hydropower Project. Country Director World Bank Patchamuthu Illangovan informed the Finance Minister that loans from the International Bank for Reconstructio
Published 05 Jan, 2017 12:00am
Loan arranged for Tarbela extension project, Dar told

Loan arranged for Tarbela extension project, Dar told

Finance Minister Ishaq Dar on Wednesday chaired a meeting regarding the Tarbela Dam 5th Extension Hydropower Project. Country Director World Bank Patchamuthu Illangovan informed the Finance Minister that loans from the International Bank for Reconstructio
Published 05 Jan, 2017 12:00am
DGI&I IR convenes Directors' Conference today

DGI&I IR convenes Directors' Conference today

Directorate General of Intelligence and Investigation Inland Revenue (IR), Federal Board of Revenue (FBR), has convened Directors' Conference today (Thursday) to review performance of the intelligence agency in detection of mega scams, tax fraud cases and
Published 05 Jan, 2017 12:00am
592 seizures at Jinnah Airport in six months
Currency

592 seizures at Jinnah Airport in six months

592 seizures worth Rs 325 million were made by the staff of Preventive Collectorate at Jinnah International Airport during the last six months. According to official details currency worth Rs 84 millions equivalent to US $0.8 million, 7.578 kg gold and go
Published 05 Jan, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 Jan, 2017 12:00am
300 tonnes of oil spills after Malaysia ship collision

300 tonnes of oil spills after Malaysia ship collision

Almost 300 tonnes of oil spilled into Malaysian and Singaporean waters after two container ships collided in a Malaysian port, officials said Wednesday. "The oil spill has been contained," a local maritime official told AFP after Tuesday's accident in the
Published 05 Jan, 2017 12:00am
300 tonnes of oil spills after Malaysia ship collision

300 tonnes of oil spills after Malaysia ship collision

Almost 300 tonnes of oil spilled into Malaysian and Singaporean waters after two container ships collided in a Malaysian port, officials said Wednesday. "The oil spill has been contained," a local maritime official told AFP after Tuesday's accident in the
Published 05 Jan, 2017 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 05 Jan, 2017 12:00am
Chinese official shoots two, kills self at party meeting

Chinese official shoots two, kills self at party meeting

A high-ranking city official in China burst into a government meeting Wednesday and shot the mayor and city party secretary before killing himself, state media reported. Suspect Chen Zhongshu, 54, was secretary of the land bureau in Panzhihua, a city of 1
Published 05 Jan, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Jan, 2017 12:00am
Gambia army chief reaffirms loyalty to President Jammeh

Gambia army chief reaffirms loyalty to President Jammeh

The Gambia's army chief on Wednesday reaffirmed his loyalty to President Yahya Jammeh despite the threat of a regional military intervention if the strongman refuses to step down. Lieutenant General Ousman Badjie used a New Year message published in the p
Published 05 Jan, 2017 12:00am
Milky Way: glimpses of a 'star factory' at work

Milky Way: glimpses of a 'star factory' at work

The European Space Agency on Wednesday released stunning images of baby stars taking shape inside the Milky Way's Orion nebula. The massive Orion A molecular cloud is the "star factory" closest to Earth, and has given astronomers a front-row seat to obser
Published 05 Jan, 2017 12:00am
Number of displaced in Mosul passes 125,000: UN

Number of displaced in Mosul passes 125,000: UN

More than 125,000 Iraqis have been displaced since the start in October of an offensive to retake Mosul from jihadists, the United Nations said Wednesday. "Following the intensification of military operations in Mosul city on 29 December, the rate of disp
Published 05 Jan, 2017 12:00am
Police arrest 150 trying to rally in support of blasphemy law

Police arrest 150 trying to rally in support of blasphemy law

Police said they arrested 150 activists on Wednesday as they tried to rally in support of the tough blasphemy law on the anniversary of a ex-Punjab governor's assassination over his call to reform the statute. Security was tight in Lahore throughout the d
Published 05 Jan, 2017 12:00am
Israeli soldier convicted for shooting dead Palestinian assailant

Israeli soldier convicted for shooting dead Palestinian assailant

An Israeli soldier who shot dead a wounded Palestinian assailant as he lay on the ground posing no apparent threat was convicted of manslaughter Wednesday after a trial that deeply divided the country. The soldier, Elor Azaria, had been on trial in a mili
Published 05 Jan, 2017 12:00am
Israeli soldier convicted for shooting dead Palestinian assailant

Israeli soldier convicted for shooting dead Palestinian assailant

An Israeli soldier who shot dead a wounded Palestinian assailant as he lay on the ground posing no apparent threat was convicted of manslaughter Wednesday after a trial that deeply divided the country. The soldier, Elor Azaria, had been on trial in a mili
Published 05 Jan, 2017 12:00am
Ustad Fateh Ali Khan passes away

Ustad Fateh Ali Khan passes away

Renowned classical singer Ustad Fateh Ali Khan passed away here on Wednesday. Ustad Fateh Ali Khan, who belonged to the Patiala family, had been suffering from lungs ailment since long. The body will be brought to Lahore from Islamabad. He was brother of
Published 05 Jan, 2017 12:00am
Ustad Fateh Ali Khan passes away

Ustad Fateh Ali Khan passes away

Renowned classical singer Ustad Fateh Ali Khan passed away here on Wednesday. Ustad Fateh Ali Khan, who belonged to the Patiala family, had been suffering from lungs ailment since long. The body will be brought to Lahore from Islamabad. He was brother of
Published 05 Jan, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Monday (January 04, 2017).

Published 05 Jan, 2017 12:00am
Nisar takes notice of hunting permits to Indians in Sindh

Nisar takes notice of hunting permits to Indians in Sindh

Interior Minister Chaudhry Nisar Ali Khan on Wednesday took notice of issuance of hunting permits in violation of set rules and regulations by the Government of Sindh to six people having Indian nationality. An official said that security agencies have in
Published 05 Jan, 2017 12:00am
Nisar takes notice of hunting permits to Indians in Sindh

Nisar takes notice of hunting permits to Indians in Sindh

Interior Minister Chaudhry Nisar Ali Khan on Wednesday took notice of issuance of hunting permits in violation of set rules and regulations by the Government of Sindh to six people having Indian nationality. An official said that security agencies have in
Published 05 Jan, 2017 12:00am
Zubair says 2 parties willing to acquire PSM on long-term lease

Zubair says 2 parties willing to acquire PSM on long-term lease

Cabinet Committee on Privatisation (CCoP), which is scheduled to meet on January 18, will consider the sell-off of Pakistan Steel Mills (PSM) as two potential buyers are willing to acquire the unit on a very long term lease. This was stated by Chairman Pr
Published 05 Jan, 2017 12:00am
Zubair says 2 parties willing to acquire PSM on long-term lease

Zubair says 2 parties willing to acquire PSM on long-term lease

Cabinet Committee on Privatisation (CCoP), which is scheduled to meet on January 18, will consider the sell-off of Pakistan Steel Mills (PSM) as two potential buyers are willing to acquire the unit on a very long term lease. This was stated by Chairman Pr
Published 05 Jan, 2017 12:00am
Zubair says 2 parties willing to acquire PSM on long-term lease

Zubair says 2 parties willing to acquire PSM on long-term lease

Cabinet Committee on Privatisation (CCoP), which is scheduled to meet on January 18, will consider the sell-off of Pakistan Steel Mills (PSM) as two potential buyers are willing to acquire the unit on a very long term lease. This was stated by Chairman Pr
Published 05 Jan, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Wednesday as the rupee held overnight levels versus the dollar in the process of trading, dealers said. The rupee was unchanged in relation to the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectiv
Published 05 Jan, 2017 12:00am
MoF against restricting unutilised gas volume

MoF against restricting unutilised gas volume

Ministry of Finance (MoF) has opposed restricting unutilized gas volume at HRL reservoirs to fertilizer plants and recommends that it to be open for generation companies as well. Sources revealed that the Petroleum Ministry in comments submitted to the Ec
Published 05 Jan, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Wednesday as the rupee held overnight levels versus the dollar in the process of trading, dealers said. The rupee was unchanged in relation to the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectiv
Published 05 Jan, 2017 12:00am
MoF against restricting unutilised gas volume

MoF against restricting unutilised gas volume

Ministry of Finance (MoF) has opposed restricting unutilized gas volume at HRL reservoirs to fertilizer plants and recommends that it to be open for generation companies as well. Sources revealed that the Petroleum Ministry in comments submitted to the Ec
Published 05 Jan, 2017 12:00am
MoF against restricting unutilised gas volume

MoF against restricting unutilised gas volume

Ministry of Finance (MoF) has opposed restricting unutilized gas volume at HRL reservoirs to fertilizer plants and recommends that it to be open for generation companies as well. Sources revealed that the Petroleum Ministry in comments submitted to the Ec
Published 05 Jan, 2017 12:00am
Committees to probe Axact, Khanani-Kalia cases

Committees to probe Axact, Khanani-Kalia cases

Federal Investigation Agency (FIA) Wednesday constituted two committees for further investigation into Javed Khanani and Kalia money laundering case and Axact scam. According to an official, the agency constituted these committees following the directives
Published 05 Jan, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 04, 2017).

Published 05 Jan, 2017 12:00am
Committees to probe Axact, Khanani-Kalia cases

Committees to probe Axact, Khanani-Kalia cases

Federal Investigation Agency (FIA) Wednesday constituted two committees for further investigation into Javed Khanani and Kalia money laundering case and Axact scam. According to an official, the agency constituted these committees following the directives
Published 05 Jan, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 04, 2017).

Published 05 Jan, 2017 12:00am
SECP places conditions on AMCs

SECP places conditions on AMCs

The Securities and Exchange Commission of Pakistan (SECP) has placed certain conditions on asset management companies (AMCs) for charging of selling and marketing expenses to collective investment schemes managed by them. According to an SECP circular iss
Published 05 Jan, 2017 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 (January 04, 2017).

Published 05 Jan, 2017 12:00am
SECP places conditions on AMCs

SECP places conditions on AMCs

The Securities and Exchange Commission of Pakistan (SECP) has placed certain conditions on asset management companies (AMCs) for charging of selling and marketing expenses to collective investment schemes managed by them. According to an SECP circular iss
Published 05 Jan, 2017 12:00am
SECP places conditions on AMCs

SECP places conditions on AMCs

The Securities and Exchange Commission of Pakistan (SECP) has placed certain conditions on asset management companies (AMCs) for charging of selling and marketing expenses to collective investment schemes managed by them. According to an SECP circular iss
Published 05 Jan, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (January 04, 2017)

Published 05 Jan, 2017 12:00am
SECP, PSX and NCCPL for robust enforcement regime

SECP, PSX and NCCPL for robust enforcement regime

A meeting of senior management of the SECP with the consultative group comprising of senior market participants and representatives of Pakistan Stock Exchange (PSX) and National Clearing Company of Pakistan Limited (NCCPL) was held at the SECP's Karachi o
Published 05 Jan, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (January 04, 2017).

Published 05 Jan, 2017 12:00am
SECP, PSX and NCCPL for robust enforcement regime

SECP, PSX and NCCPL for robust enforcement regime

A meeting of senior management of the SECP with the consultative group comprising of senior market participants and representatives of Pakistan Stock Exchange (PSX) and National Clearing Company of Pakistan Limited (NCCPL) was held at the SECP's Karachi o
Published 05 Jan, 2017 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 05 Jan, 2017 12:00am
SECP, PSX and NCCPL for robust enforcement regime

SECP, PSX and NCCPL for robust enforcement regime

A meeting of senior management of the SECP with the consultative group comprising of senior market participants and representatives of Pakistan Stock Exchange (PSX) and National Clearing Company of Pakistan Limited (NCCPL) was held at the SECP''s Karachi
Published 05 Jan, 2017 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 05 Jan, 2017 12:00am
Corridor challenges leave no room for complacency

Corridor challenges leave no room for complacency

Joint Co-operation Committee (JCC) of the China Pakistan Economic Corridor (CPEC) co-chaired by Wang Xiaotao, Vice Chairman of National Development and Reform Commission and Ahsan Iqbal, Minister for Planning, Development and Reforms expressed satisfactio
Published 05 Jan, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (January 04, 2017).

Published 05 Jan, 2017 12:00am
The new year and Muslims

The new year and Muslims

If 2016 proved an annus horribilis, can Muslims look forward to something better in 2017? Not, it would appear, if present trends continue. Consider. The Muslim world has been hard done by, first at the hands of colonialism, later by the post-colonial glo
Published 05 Jan, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (January 04, 2017).

Published 05 Jan, 2017 12:00am
Growth and prosperity

Growth and prosperity

At the dawn of 2017 Pakistan is at an economic crossroads. On the one side we have the IMF warning that unless Pakistan puts in place a comprehensive strategy for reforms, investment, exports and growth, Pakistan will be unable to service the debt liabili
Published 05 Jan, 2017 12:00am
The Weather

The Weather

The weather report on Wednesday (January 04, 2017) and the forecast for Thursday (January 05, 2017).

Published 05 Jan, 2017 12:00am
An expedient memory recall

An expedient memory recall

Veteran politician Javed Hashmi has suddenly recalled he had a lot more information on the 2014 sit-in the PTI staged in Islamabad against alleged electoral rigging than he realised at the time that needed to be made public. So he held a press conference
Published 05 Jan, 2017 12:00am
Behind fence, Mexico's notorious Juarez is wary of Trump's wall
Cotton

Behind fence, Mexico's notorious Juarez is wary of Trump's wall

Mexicans overwhelmingly say they oppose the wall US President-elect Donald Trump has promised to build along their northern border. But in Mexico's Ciudad Juarez, where extensive fencing was erected by the United States to secure the border between 2007 a
Published 05 Jan, 2017 12:00am
Think before you leap

Think before you leap

This is apropos a Business Recorder news item "Consensus still eludes China, Pakistan on FTA expansion" carried by the newspaper yesterday. According to it, Commerce Ministry has not yet decided to go for the second phase of the Free Trade Agreemen
Published 05 Jan, 2017 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

Gold rose to the highest in nearly four weeks on Wednesday as the dollar edged back from a 14-year peak and physical demand from major consumers China and India increased. Spot gold climbed to its highest since Dec. 9 at $1,167.83 an ounce and was up 0.2
Published 05 Jan, 2017 12:00am
US MIDDAY: soyabeans rally

US MIDDAY: soyabeans rally

US soyabean futures rose 1.4 percent on Wednesday on a round of bargain buying following three straight days of declines that pushed the benchmark contract to its lowest since mid-November, traders said. Corn futures also rose, on track to extend their th
Published 05 Jan, 2017 12:00am
Wholesale sugar price surges to Rs 62 per kg

Wholesale sugar price surges to Rs 62 per kg

Despite availability of sufficient stock of sugar in the country, its wholesale price has surged to Rs 61-62 per kilogram as a result of recent decision of Economic Co-ordination Committee (ECC) allowing export of 0.25 million tons of sugar. According to
Published 05 Jan, 2017 12:00am
Acting US envoy meets Dar

Acting US envoy meets Dar

Acting US Ambassador Jonathan Pratt paid a courtesy call on Finance Minister Senator Mohammad Ishaq Dar here at the Finance Ministry on Wednesday. The Finance Minister and Pratt discussed matters of bilateral interest including trade and economic relation
Published 05 Jan, 2017 12:00am
PTI sees PM's disqualification within 20 days

PTI sees PM's disqualification within 20 days

Pakistan Tehreek-e-Insaf (PTI) Wednesday predicted Prime Minister Nawaz Sharif's disqualification in coming 15 to 20 days as a result of the ongoing hearings in Panama Leaks case in the Supreme Court and advised Pakistan Muslim League-Nawaz (PML-N) to thi
Published 05 Jan, 2017 12:00am
CJP takes notice of substandard cooking oil sale at USC

CJP takes notice of substandard cooking oil sale at USC

Chief Justice Mian Saqib Nisar Wednesday took suo motu notice on the sale of substandard cooking oil at Utility Stores and issued notices to Secretary Industries and Production, Managing Director Utility Stores Corporation of Pakistan and Executive Direct
Published 05 Jan, 2017 12:00am
Conference to discuss revenue shortfall on January 6

Conference to discuss revenue shortfall on January 6

The chief commissioners conference scheduled for January 6 (Friday) will chalk out strategy to overcome revenue shortfall of over Rs 140 billion during the fiscal half (July-December) 2016-17. Sources told Business Recorder here on Wednesday that F
Published 05 Jan, 2017 12:00am
Six Pakistanis rescued by Turkish authorities: FO

Six Pakistanis rescued by Turkish authorities: FO

Foreign Office has said that Turkish authorities have rescued six abducted Pakistanis from the custody of captors on Wednesday. According to Foreign Office Spokesperson Nafees Zakaria, the Turkish police authorities confirmed to the Consulate General of P
Published 05 Jan, 2017 12:00am
PTI accused of seeking to pressurise SC judges through social media

PTI accused of seeking to pressurise SC judges through social media

Accusing Pakistan Tehreek-e-Insaf (PTI) of pressurising the Supreme Court judges through social media campaign, Pakistan Muslim League-Nawaz (PML-N) on Wednesday declared that it would accept whatsoever decision the apex court gives with regard to Panama
Published 05 Jan, 2017 12:00am
17 hurt in DI Khan blast

17 hurt in DI Khan blast

At least 17 people, including five policemen, and three passer-by were injured in a roadside blast targeting a police vehicle in Dera Ismail Khan on Wednesday. According to police officials, the van was on routine patrolling when bomb planted on the Bannu
Published 05 Jan, 2017 12:00am
SECP exempts distributors from requirement of licensing/registration

SECP exempts distributors from requirement of licensing/registration

The Securities and Exchange Commission of Pakistan (SECP) has exempted distributors selling mutual fund units of single asset management company (AMC) from the requirement of licensing/registration. According to SRO 1179(1)12016 issued by the SECP here on
Published 05 Jan, 2017 12:00am
PM taking personal interest in Fata reforms: KP Governor

PM taking personal interest in Fata reforms: KP Governor

Governor Khyber Pakhtunkhwa Iqbal Zafar Jhagra has said that the reforms process in Fata would be implemented in accordance with the aspirations of the people of Fata and the Prime Minister Nawaz Sharif himself is taking personal interest in this respect.
Published 05 Jan, 2017 12:00am
NBP employee solely responsible for fraud

NBP employee solely responsible for fraud

Recent press reports have stated variously that National Bank of Pakistan had perpetrated a fraud that deprived Abandoned Properties Organisation (APO) - a governmental body-of billions of rupees; some reports estimate the loss at over Rs 6 billion. Other
Published 05 Jan, 2017 12:00am
Oman Air announces new policy on baggage

Oman Air announces new policy on baggage

Oman Air is pleased to introduce a new policy on baggage, moving away from the traditional 'kilogram' weight based allowance and excess baggage charges to a more simple policy, based on the number of bags being checked-in which will be cost effective for
Published 05 Jan, 2017 12:00am
TMAP team, SBP governor discuss textile issues

TMAP team, SBP governor discuss textile issues

"The Towel Manufacturers Association of Pakistan hail the efforts of the Senate Standing Committee on Textile Industry specially of Senator Mohsin Aziz and Senator Nihal Hashmi for initiating a meeting of textile exporters with Governor State Bank of Paki
Published 05 Jan, 2017 12:00am
TMAP team, SBP governor discuss textile issues

TMAP team, SBP governor discuss textile issues

"The Towel Manufacturers Association of Pakistan hail the efforts of the Senate Standing Committee on Textile Industry specially of Senator Mohsin Aziz and Senator Nihal Hashmi for initiating a meeting of textile exporters with Governor State Bank of Paki
Published 05 Jan, 2017 12:00am
AJK President, PM call for implementation of UN's resolution

AJK President, PM call for implementation of UN's resolution

Azad Jammu & Kashmir (AJK) President Sardar Masood Khan and Prime Minister Raja Farooq Haider Khan have called upon the international community to grant people of Jammu and Kashmir their right to self-determination under the spirit of January 5, 1949 reso
Published 05 Jan, 2017 12:00am
OSF to conduct 100,000 Thalassemia screenings

OSF to conduct 100,000 Thalassemia screenings

Renowned oncologist and President of Omair Sana Foundation (OSF), Dr Kashif Ansari said that OSF will conduct 100,000 Thalassemia screenings during this calendar year. He informed that OSF already working on mass screening campaign and Karachi University
Published 05 Jan, 2017 12:00am
Mayor Karachi inspects Nehr-e-Khyam

Mayor Karachi inspects Nehr-e-Khyam

Mayor Karachi Waseem Akhtar expressing concern over land grabbing on city major drains said 80 percent of the area of these drains had been encroached upon and no attention was paid on cleaning and removal of encroachments from drains during last eight ye
Published 05 Jan, 2017 12:00am
Annual PN fleet efficiency competition parade held

Annual PN fleet efficiency competition parade held

Pakistan Navy fleet annual efficiency competition parade and award ceremony was held at PN Dockyard, here on Wednesday. Chief of the Naval Staff Admiral Muhammad Zakaullah graced the occasion as chief guest. While addressing the parade, Chief of the Naval
Published 05 Jan, 2017 12:00am
KP TMAs' receipts to reach Rs 4 billion by end of fiscal year

KP TMAs' receipts to reach Rs 4 billion by end of fiscal year

Khyber Pakhtunkhwa Senior Minister for Local Government and Rural Development (LG&RD), Inayatullah Khan has said that open and transparent auction of contracts has increased the receipts of Tehsil Municipal Administration (TMAs) from Rs 1.5billion to Rs 4
Published 05 Jan, 2017 12:00am
Khaqan meets Prime Minister

Khaqan meets Prime Minister

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi called on Prime Minister Nawaz Sharif at PM House here on Wednesday. The minister apprised the Prime Minister on various ongoing projects and initiatives undertaken by the Ministry of Petro
Published 05 Jan, 2017 12:00am
HEC to launch sub-campuses of universities in 35 districts

HEC to launch sub-campuses of universities in 35 districts

While pursuing its policy of no-compromise on quality and governance issues in higher education institutions, the Higher Education Commission (HEC) took many new steps in the year 2016 to further strengthen the country's higher education sector. The HEC r
Published 05 Jan, 2017 12:00am
PESCO customers urged to adopt safety measures

PESCO customers urged to adopt safety measures

Peshawar Electricity Supply Company (PESCO) has urged customers for adopting precautionary measures with the specific context to the winter rains. The customers have been asked not to touch cables and poles to avoid electrocution and electric shocks. Publ
Published 05 Jan, 2017 12:00am
Iflix signs multi-year deal with Pakistan's top TV networks

Iflix signs multi-year deal with Pakistan's top TV networks

iflix, the world's leading Internet TV service for emerging markets, offering users unlimited access to thousands of television shows, movies and more, announced a multi-year content licensing deal with Pakistan's most established and acclaimed 24-hour en
Published 05 Jan, 2017 12:00am
KP hands over allotment letters to plot owners of Havelian Township

KP hands over allotment letters to plot owners of Havelian Township

The government of Khyber Pakhtunkhwa has handed over the allotment letters of 203 residential plots to owners in Havelian Township on Wednesday. The documents were included allotment letters of 145 plots of 5-marlas and 58 plots of 10-marlas.
Published 05 Jan, 2017 12:00am
USAID organises workshop

USAID organises workshop

US is supporting the Ministry of Commerce with a training workshop on the Trade Facilitation Agreement in Islamabad. The US Agency for International Development (USAID), through its Pakistan Regional Economic Integration Activity and Training for Pakistan
Published 05 Jan, 2017 12:00am
PIA, Air France planes collide at Toronto Airport

PIA, Air France planes collide at Toronto Airport

A scary incident took place at Toronto's Pearson International Airport after a Pakistan International Airlines (PIA) plane collided with Air France's parked plane. A spokesperson for Toronto airport told Global News that Air France plane was parked at Ter
Published 05 Jan, 2017 12:00am
British-Pakistani killed in police shooting

British-Pakistani killed in police shooting

A British-Pakistani man Yassar Yaqub died after being shot by police during an operation in northern England, West Yorkshire Police said confirming the incident was not terrorism-linked. Police said the shooting occurred during a "pre-planned policing ope
Published 05 Jan, 2017 12:00am
ECO-CCI chief condemns attack in Istanbul

ECO-CCI chief condemns attack in Istanbul

President ECO Chamber of Commerce & Industry (ECO-CCI) and FPCCI Zubair Tufail vehemently condemned the coward attack of the terrorists who brutally and savagely opened fire at the innocent people who were celebrating New Year in Istanbul, Turkey. Zubair
Published 05 Jan, 2017 12:00am
Unesco for large scale transportation to achieve SDGs

Unesco for large scale transportation to achieve SDGs

The new Global Education Monitoring (GEM) report by UNESCO launched here on Wednesday called upon the South Asian governments to take inequalities in education seriously and take great strides and do major transformation in the sector to achieve Sustainab
Published 05 Jan, 2017 12:00am
Viptela selected by PTCL to deliver software-defined WANs

Viptela selected by PTCL to deliver software-defined WANs

Inbox Business Technologies and Viptela, the Software-Defined WAN (SD-WAN) company, announced a partnership to deploy software-defined wide area networking (SD-WAN) infrastructures for businesses and service providers in Pakistan. Inbox, the leading provi
Published 05 Jan, 2017 12:00am
Huawei, QMobile handsets to offer Zong's 4G services

Huawei, QMobile handsets to offer Zong's 4G services

Zong, Pakistan's No 1 4G network, has entered into a partnership with major smartphone brands, Huawei and Q-Mobile for the provision of fastest internet services to telecom customers. Under this partnership, all 4G smartphones of Huawei and QMobile will h
Published 05 Jan, 2017 12:00am
Customs department in process to restructure its presence at airports

Customs department in process to restructure its presence at airports

The Customs department is in the process of restructuring its presence at the airports to facilitate passengers, said sources. According to reliable sources, an important meeting of Customs officials is set to take place at the Federal Board of Revenue (F
Published 05 Jan, 2017 12:00am
Human trafficker arrested

Human trafficker arrested

The Federal Investigation Agency (FIA) arrested a human trafficker besides recovering passports from his possession here on Wednesday. Deputy Director of FIA said that a team of the Authority belonging to Gujranwala Circle on public complaints conducted o
Published 05 Jan, 2017 12:00am
Punjab government to formulate ADP 2017-18 under new LG system

Punjab government to formulate ADP 2017-18 under new LG system

The Punjab government has planned to formulate Annual Development Programme (ADP) for the year 2017-18 in the light of new Local Government system. "No block allocation would be made while specific allocations for development schemes would be considered.
Published 05 Jan, 2017 12:00am
Newly-elected FPCCI VP assumes charge

Newly-elected FPCCI VP assumes charge

The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) newly-elected Vice President, Manzoor-ul-Haq Malik, has taken over the charge in a ceremony arranged here at the FPCCI Regional office on Wednesday. Trade Development Authority of Pakista
Published 05 Jan, 2017 12:00am
'PDS&CEA repeatedly wins laurels at different competitions'

'PDS&CEA repeatedly wins laurels at different competitions'

Punjab Daanish Schools & Centers of Excellence Authority (PDS&CEA) have repeatedly won laurels at different Pakistan-level competitions. At the highly competitive Intel Science Fair-2016, PDS&CEA students from Daanish Schools and Centers of Excellence fie
Published 05 Jan, 2017 12:00am
PFA seals, fines major food outlets

PFA seals, fines major food outlets

The Punjab Food Authority (PFA) sealed and fined numerous food outlets in the provincial metropolis on Wednesday on the charges of flouting hygiene rules, not marking manufacturing and expiry dates and improper measures against insects. The Shalimar Town
Published 05 Jan, 2017 12:00am
Shahbaz underscores need for greater consensus on KBD project

Shahbaz underscores need for greater consensus on KBD project

Chief Minister of Punjab Mian Shahbaz Sharif visited 1223 megawatt gas power plant at Baloke on Wednesday. He inspected various sections of under construction gas power plant and lauded speed of work on the project. After the inspection of plant, Chief Mi
Published 05 Jan, 2017 12:00am
Zardari pays glowing tributes to Shaheed ZAB

Zardari pays glowing tributes to Shaheed ZAB

On the eve of the 88th birthday of Shaheed Zulfikar Ali Bhutto I urge the people particularly the youth to stand together in foiling the designs of the religious fanatics and extremists who are out to destroy the state and its democratic structures that S
Published 05 Jan, 2017 12:00am
LHC CJ drops proceedings

LHC CJ drops proceedings

The Lahore High Court Chief Justice on Wednesday dropped proceedings of a suo motu notice taken in 2008 against Prime Minister Nawaz Sharif for allegedly scandalising the judiciary during the lawyers' movement. A deputy attorney general told the Chief Jus
Published 05 Jan, 2017 12:00am
Multi-storey block proposed for DHQ Hospital extension

Multi-storey block proposed for DHQ Hospital extension

Establishment of multi-storey block was proposed for the extension of DHQ Hospital in which state of the art ICU, Gynaecology and Children Wards would be set up in order to provide ample medical facilities to the patients, told by Deputy Commissioner Salm
Published 05 Jan, 2017 12:00am
Secretary Wapda to hold meeting with NTDC today

Secretary Wapda to hold meeting with NTDC today

Secretary Water and Power will hold an important meeting of National Transmission and Dispatch Company (NTDC) on Thursday to assess the existing state of affairs and the challenges ahead. Sources said the high-ups of the NTDC remained busy throughout Wedn
Published 05 Jan, 2017 12:00am
3,592 medical stores, factories sealed in Punjab last year

3,592 medical stores, factories sealed in Punjab last year

The Chief Minister's Taskforce on Spurious Medicines sealed as many as 3592 medical stores and pharma factories on the charges of different irregularities, whereas, FIRs have been registered against 371 accused during year 2016. Drug courts decided 2386 c
Published 05 Jan, 2017 12:00am
EU team offers to train Punjab MPAs

EU team offers to train Punjab MPAs

A 5-member delegation of European Union met Speaker of Punjab Assembly Rana Muhammad Iqbal here on Wednesday. Delegation told that they want to hold workshops for parliamentary training of Punjab Assembly members. Speaker Punjab Assembly told delegation o
Published 05 Jan, 2017 12:00am
TCP issues fresh tender for sale of sweeping urea

TCP issues fresh tender for sale of sweeping urea

After scraping several tenders, the Trading Corporation of Pakistan (TCP) has issued fresh tender for the sale of some 1425 metric tons sweeping urea laying at Gwadar port and Landhi godown. Sources said that TCP is facing difficulties in offloading of sw
Published 05 Jan, 2017 12:00am
Tahir Hassan assumes office as ABL CEO

Tahir Hassan assumes office as ABL CEO

Tahir Hassan Qureshi has assumed office of the chief executive officer (CEO) of Allied Bank Limited with effect from January 01, 2016. According to material information sent to Pakistan Stock Exchange (PSX), Tahir Hassan Qureshi has replaced Tariq Mahmood
Published 05 Jan, 2017 12:00am
Depot in Quetta fully operational: PSO

Depot in Quetta fully operational: PSO

The country's leading oil marketing company (OMC), Pakistan State Oil on Wednesday stated that its depot in Quetta is functioning normally and it has sufficient stock of Petroleum, Oil and Lubricant (POL) products available to meet the demand. This was st
Published 05 Jan, 2017 12:00am
Terror bid foiled in Dera Murad Jamali

Terror bid foiled in Dera Murad Jamali

The police foiled a major terror bid as it recovered a bomb planted by roadside which was later defused by bomb disposal squad (BDS) here on Wednesday. Police said that after being informed about presence of suspected material by roadside in Chattar area
Published 05 Jan, 2017 12:00am
'Scarce resources biggest hurdle towards development'

'Scarce resources biggest hurdle towards development'

Chairman Korangi District Syed Nayyar Raza has said that the biggest hurdle in the way of development is scarce resources. We are trying to increase revenue, with collection and filling the gaps and leakages of the system, he said. Speaking at Korangi ass
Published 05 Jan, 2017 12:00am
POL sales grow 23 percent on YoY, 1.8 percent on MoM basis in December

POL sales grow 23 percent on YoY, 1.8 percent on MoM basis in December

POL sales for the month of December 2016 clocked-in at two million tons, reflecting a growth of 23 percent on year-on-year basis and 1.8 percent on month-on-month basis. With December 2016 end; this translates into cumulative first half of FY17 sales numb
Published 05 Jan, 2017 12:00am
Population Department directed to auction 64 vans

Population Department directed to auction 64 vans

Sindh Chief Minister Syed Murad Ali Shah has directed the Population Welfare Department to auction 64 family planning vehicles rusting from the last six years. He issues these directives while presiding over a meeting of Population Welfare Department to r
Published 05 Jan, 2017 12:00am
Heavy taxation hitting revenues, quality of service: Mian Zahid

Heavy taxation hitting revenues, quality of service: Mian Zahid

The president of the Pakistan Businessmen's and Intellectuals Forum (PBIF), Mian Zahid Hussain, has proposed that the government should reconsider heavy taxation which he said is hitting revenue and quality of service. He said growth in the telecom sector
Published 05 Jan, 2017 12:00am
Heavy taxation hitting revenues, quality of service: Mian Zahid

Heavy taxation hitting revenues, quality of service: Mian Zahid

The president of the Pakistan Businessmen's and Intellectuals Forum (PBIF), Mian Zahid Hussain, has proposed that the government should reconsider heavy taxation which he said is hitting revenue and quality of service. He said growth in the telecom sector
Published 05 Jan, 2017 12:00am
APCAA granted representation on FPCCI's body

APCAA granted representation on FPCCI's body

FPCCI's newly-elected president Zubair Tufail on Wednesday consented to All Pakistan Customs Agents Association (APCAA) for granting chairmanship of customs committee of federation in order to address customs related trade issues in an effective manner. T
Published 05 Jan, 2017 12:00am
CAPTA says government cash incentives to hurt genuine exporters
Cotton

CAPTA says government cash incentives to hurt genuine exporters

The country's value-added textile sector has rejected the government's consideration of custom rebate and cash subsidies, fearing the move would further hurt the real exporters. The sector also demands of the government to appoint a textile minister to he
Published 05 Jan, 2017 12:00am
MCC Port Qasim surpasses 1H revenue collection

MCC Port Qasim surpasses 1H revenue collection

The Model Customs Collectorate (MCC), Port Qasim has surpassed its half yearly revenue collection by Rs 36.54 billion as against the collection made during preceding period. According to details, the collectorate has collected Rs 186.82 billion during Jul
Published 05 Jan, 2017 12:00am
15-hour power breakdown in 13 Sindh districts

15-hour power breakdown in 13 Sindh districts

Around 15 hours long power breakdown in 13 districts of Sindh including Hyderabad district has badly disrupted the routine life and civic activities on Wednesday. The power supply went off at around 3 am early Wednesday hours and restored gradually around
Published 05 Jan, 2017 12:00am
Cases for audit: FBR will convene computer ballot today

Cases for audit: FBR will convene computer ballot today

The Federal Board of Revenue (FBR) will convene computer ballot today (Thursday) for selection of cases for audit taking into account the risk-based parametric. Sources told Business Recorder here on Wednesday that the ceremony would be held at the
Published 05 Jan, 2017 12:00am
British MP wants to expand trade with Pakistan after Brexit

British MP wants to expand trade with Pakistan after Brexit

Khalid Mahmood British Member of Parliament for Birmingham Perry Barr, a shadow Minister for Foreign and Commonwealth Affairs called on the Finance Minister Senator Mohammad Ishaq Dar here Wednesday and discussed possibilities of expansion in bilateral tr
Published 05 Jan, 2017 12:00am
One killed in firing at Judicial Complex

One killed in firing at Judicial Complex

At least one person was killed and another injured as a result of a firing incident at the Judicial Complex here on Wednesday. Police officials said the person who opened fire was a policeman and has been arrested.The incident seems to be a result of a pe
Published 05 Jan, 2017 12:00am
KP may revise 19.5 percent ST on broadband internet downward

KP may revise 19.5 percent ST on broadband internet downward

Khyber Pakhtunkhwa government is likely to revise downward 19.5 percent sales tax currently applied to fixed and mobile broadband services in the province, it is learnt. Official sources revealed to Business Recorder that Information Technology Boa
Published 05 Jan, 2017 12:00am
KP may revise 19.5 percent ST on broadband internet downward

KP may revise 19.5 percent ST on broadband internet downward

Khyber Pakhtunkhwa government is likely to revise downward 19.5 percent sales tax currently applied to fixed and mobile broadband services in the province, it is learnt. Official sources revealed to Business Recorder that Information Technology Boa
Published 05 Jan, 2017 12:00am
Total Parco allowed to raise fridge charges of supply from Sihala

Total Parco allowed to raise fridge charges of supply from Sihala

The government has allowed Total Parco Marketing Ltd to raise fridge charges of supply from Sihala instead of Taru Jabba area, which was closed after union strike at Taru Jabba oil depot. According to details, the Oil and Gas Regulatory Authority (OGRA) a
Published 05 Jan, 2017 12:00am
Parliamentary panel blames CDA for massive corruption

Parliamentary panel blames CDA for massive corruption

A parliamentary panel on Wednesday came down hard on Capital Development Authority (CDA) for massive corruption as its officials were found involved in making money by contracting out worth millions of rupees projects to their own private companies especi
Published 05 Jan, 2017 12:00am
Five of a family die after consuming toxic liquor

Five of a family die after consuming toxic liquor

Five people of a same family were died on Wednesday after drinking toxic alcohol in Peshawar. Amongst those who have died include three brothers and two cousins. According to police, deaths were reported in Swati Phatak area of Peshawar where five members
Published 05 Jan, 2017 12:00am
Policymakers still struggle to reach out to Trump's team

Policymakers still struggle to reach out to Trump's team

With the Indian lobby making significant headway in reaching out to the Donald Trump transition team, Pakistan is yet to make any progress in this regard, it was learnt. Sources told Business Recorder that Pakistan's Mission in Washington was in to
Published 05 Jan, 2017 12:00am
Nowshera factory owners threaten to shut down units

Nowshera factory owners threaten to shut down units

Factories owners and manufacturers in Small Industrial Estate Nowshera have threatened to shut down their manufacturing units against the prolonged power outages, which had caused huge financial losses to them. While addressing at a news conference at pre
Published 05 Jan, 2017 12:00am
TMUC holds career symposium for ACCA students, affiliates

TMUC holds career symposium for ACCA students, affiliates

The Millennium University College (TMUC) Pakistan and Association of Chartered Certified Accountants (ACCA) Pakistan on Wednesday organised a career symposium for ACCA students and affiliates from the Islamabad region providing them training opportunities
Published 05 Jan, 2017 12:00am
NA body approves FPSC Amendment Bill

NA body approves FPSC Amendment Bill

National Assembly Standing Committee on Cabinet Secretariat has unanimously approved "The Federal Public Service Commission (Amendment) Bill, 2016" bringing recruitments in civil service in BPS-11 and above within the purview of the Federal Public Service
Published 05 Jan, 2017 12:00am
Two killed in Panjgur accident

Two killed in Panjgur accident

At least two people including a woman died and another was injured in a road accident here on Wednesday. Police said that due to over speeding and reckless driving, a vehicle overturned at Airport Road in Panjgur. A woman was among two people died and ano
Published 05 Jan, 2017 12:00am
National Foods Limited
Currency

National Foods Limited

National Foods Limited (PSX: NATF) is among the few companies in Pakistan that have brought a new concept in the food sector business. National Foods began its journey in 1970 as a spice company introduced the concept of having clean, healthy food, while
Published 05 Jan, 2017 12:00am