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Archive - 2017-01-11
CPEC's raison d'etre
Miscellaneous

CPEC's raison d'etre

The hype, the hopes and expectations from the China Pakistan Economic Corridor is growing by the day.
Updated 23 Feb, 2018 06:47am
Bangladesh PM asks Myanmar to take back Rohingya refugees
Asia

Bangladesh PM asks Myanmar to take back Rohingya refugees

DHAKA: Bangladesh's Prime Minister on Wednesday asked Myanmar to take back tens of thousands of Rohingya refugees who have fled a military crackdown in the Buddhist majority nation's Rakhine state, an official said.
Published 11 Jan, 2017 07:19pm
Trump slams Russia leaks ahead of news conference
Front Top News

Trump slams Russia leaks ahead of news conference

NEW YORK: US President-elect Donald Trump on Wednesday furiously denied explosive claims that Russian intelligence has gathered compromising personal and professional information on him, hours before he faces the media for the first time since his electio
Published 11 Jan, 2017 05:58pm
Pakistan values its brotherly ties with Oman: President
Pakistan Top News

Pakistan values its brotherly ties with Oman: President

ISLAMABAD: President Mamnoon Hussain Wednesday said Pakistan greatly valued its brotherly relations with Oman, as the two countries were tied in the bonds of common culture, history and heritage.
Published 11 Jan, 2017 05:49pm
London stocks scale new record peak
Financial

London stocks scale new record peak

LONDON: European stocks rose Wednesday, with the sliding pound and rebounding commodity prices pushing London to ever new highs, while prices on Wall Street were firmer ahead of a news conference by president-elect Donald Trump.
Published 11 Jan, 2017 05:49pm
Trump says it's an 'asset' if Putin likes him
North America

Trump says it's an 'asset' if Putin likes him

NEW YORK: US President-elect Donald Trump said Wednesday it would be an "asset, not a liability" if he gets along with Russian President Vladimir Putin, but admitted it was not a given that the pair would be allies.
Published 11 Jan, 2017 05:15pm
Trump says Russia dossier was 'phony stuff' from his opponents
World Top News

Trump says Russia dossier was 'phony stuff' from his opponents

NEW YORK: US President-elect Donald Trump dismissed Wednesday a dossier with allegations Russia has compromising material on him as a "phony report" but acknowledged that Russia was behind the hacking of Democratic Party computers.
Published 11 Jan, 2017 05:14pm
Trump says he turned down $2bn Dubai deal over the weekend
Pakistan Top News

Trump says he turned down $2bn Dubai deal over the weekend

NEW YORK: US President-elect Donald Trump said Wednesday that he rejected a $2 billion deal in Dubai last weekend, demonstrating he was putting his business behind as he prepares to move into the White House.
Published 11 Jan, 2017 05:13pm
Europe freeze claims more lives
World Top News

Europe freeze claims more lives

SOFIA: The death toll from the cold snap hitting parts of Europe rose to at least 65 on Wednesday as Bulgarian authorities reported seven fatalities.
Published 11 Jan, 2017 05:11pm
C$ slightly weaker as all eyes on Trump
Financial

C$ slightly weaker as all eyes on Trump

TORONTO: The Canadian dollar weakened slightly against its US counterpart early on Wednesday, with investors bracing for clues about US President-elect Donald Trump's likely trade, tax and fiscal policy direction at a morning news conference.
Published 11 Jan, 2017 02:35pm
Pakistan mourns sad demise of Governor Saeed-uz-Zaman
Pakistan Top News

Pakistan mourns sad demise of Governor Saeed-uz-Zaman

KARACHI: Governor Sindh Justice (retd) Saeed-uz-Zaman Siddiqui passed away here on Wednesday in a private hospital, where he was taken due to chest pain and breathing problem.
Published 11 Jan, 2017 02:33pm
Trump slams Russia sex leaks ahead of news conference
North America

Trump slams Russia sex leaks ahead of news conference

%D%ANEW YORK: US President-elect Donald Trump on Wednesday furiously denied explosive claims that Russian intelligence has gathered compromising personal and professional information on him, hours before he faces the media for the first time since his ele
Published 11 Jan, 2017 02:33pm
Governor Sindh Saeed-uz-Zaman Siddiqui passes away
Front Top News

Governor Sindh Saeed-uz-Zaman Siddiqui passes away

%D%AKARACHI: Governor Sindh Justice (retd) Saeed-uz-Zaman Siddiqui has passed away in a private hospital, where he was taken due to chest pain and breathing problem, an official said on Wednesday.
Published 11 Jan, 2017 12:56pm
Champion boxer Waseem finally gets reward he rightfully deserves!
Sports

Champion boxer Waseem finally gets reward he rightfully deserves!

Waseem Khan, the boxer who made Pakistan proud after becoming World Boxing Council (WBC) Silver flyweight champion back in 2014, is finally getting his due share of recognition as the government of Pakistan approved on Wednesday the Rs30 million grant ann
Published 11 Jan, 2017 12:28pm
OECD indicator senses firming growth in Germany, Japan
World

OECD indicator senses firming growth in Germany, Japan

PARIS: Economic growth appears to be picking up in Germany and Japan, and upturns previously reported in countries such the United States, Canada and France continue, the Organisation for Economic Co-operation and Development (OECD) said on Wednesday.
Published 11 Jan, 2017 12:04pm
Wheat, soybeans and corn fall ahead of USDA report
Commodities

Wheat, soybeans and corn fall ahead of USDA report

HAMBURG/SINGAPORE: Chicago wheat, soybean and corn futures fell on Wednesday in a mood of risk-avoidance ahead of widely watched forecasts of world grain and oilseed supply and demand scheduled from the US Department of Agriculture (USDA) on Thursday.
Published 11 Jan, 2017 11:54am
China to expand funding channels for small firms
World

China to expand funding channels for small firms

BEIJING: China will expand funding channels for small and medium-sized firms, according to a statement posted on the website of its State Council, or cabinet, citing a meeting led by Premier Li Keqiang.
Published 11 Jan, 2017 11:53am
Oil rises as Saudi tells Asian customers of output cuts
Energy

Oil rises as Saudi tells Asian customers of output cuts

LONDON: Oil prices rose for the first time in three days on Wednesday, following news of Saudi supply cuts to Asia, but persistent doubt over output reductions and signs of rising shipments from other producers kept gains in check.
Published 11 Jan, 2017 11:51am
Brazil meets 2016 inflation target
World

Brazil meets 2016 inflation target

BRASILIA: Brazil's inflation finished 2016 within the official target range, government data showed on Wednesday, reinforcing calls for an aggressive cycle of interest rate cuts by the central bank as the economy remains mired in recession.
Published 11 Jan, 2017 11:48am
Italian PM undergoes surgery on blood vessel
Europe

Italian PM undergoes surgery on blood vessel

ROME: Italian Prime Minister Paolo Gentiloni has undergone emergency surgery on a blocked blood vessel after feeling unwell on his return from a visit to Paris, aides said Wednesday.
Published 11 Jan, 2017 11:45am
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 Thursday having 49371.
Published 11 Jan, 2017 11:13am
Recharged Bouchard sets up Sydney semi with Konta
Sports

Recharged Bouchard sets up Sydney semi with Konta

SYDNEY: Eugenie Bouchard reached her first semi-final for 10 months as she battled intense heat to down higher-ranked Russian Anastasia Pavlyuchenkova at the Sydney International on Wednesday.
Published 11 Jan, 2017 10:56am
SC orders DNA tests in 'tortured' child maid case
Pakistan Top News

SC orders DNA tests in 'tortured' child maid case

ISLAMABAD: Supreme Court of Pakistan (SC) on Wednesday ordered DNA tests to identify the parents of a ten-year-old maid who was tortured, allegedly by her employers, in a case which has caused widespread shock.
Published 11 Jan, 2017 10:49am
Schizophrenic man to be hanged on Jan 17
General News

Schizophrenic man to be hanged on Jan 17

%D%AISLAMABAD: A Pakistani judge has issued a death warrant for a schizophrenic man, his lawyers said, months after the country's top court halted the execution of another mentally ill prisoner.
Published 11 Jan, 2017 10:48am
Opening up power transmission
Miscellaneous

Opening up power transmission

There have been a couple of important draft guidelines published by the National Electric Power Regulatory Authority (NEPRA) recently including the those for competitive bidding as well as the concept paper on the rate of return for power sector projects.
Published 11 Jan, 2017 10:10am
Reason behind PIA plane crash still unknown
Pakistan Top News

Reason behind PIA plane crash still unknown

%D%ANUZHAT NAZAR%D%A%D%AISLAMABAD: Pakistan International Airlines Corporation Limited (PIACL) on Tuesday disclosed that the root cause of the crash of ATR plane on its way from Chitral to Islamabad is unknown and apparently aircraft experienced engine fa
Published 11 Jan, 2017 09:59am
Security of Pakistan, Afghanistan, India interconnected: US
Pakistan Top News

Security of Pakistan, Afghanistan, India interconnected: US

WASHIGNTON: The security of Pakistan, India and Afghanistan are interconnected and it will be better for these countries to cooperate with each other in countering terrorism, a US State Department spokesman said.
Published 11 Jan, 2017 09:39am
Pakistan may fail to qualify for ICC World Cup
Cricket

Pakistan may fail to qualify for ICC World Cup

ISLAMABAD: Pakistan is in serious danger of failing to qualify directly for the International Cricket Council's (ICC) World Cup 2019 in the United Kingdom as it currently sits on eighth position in the ODI Team Rankings.
Published 11 Jan, 2017 09:11am
Schools to be made a place of best learning experience: PM
Pakistan Top News

Schools to be made a place of best learning experience: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Wednesday terming children the country's future said the government was focusing on providing them high-standard education and best facilities at their learning places.
Published 11 Jan, 2017 09:07am
Through The Valley by Johannes Hulsch
Featured Photos

Through The Valley by Johannes Hulsch

Photo Credit : Johannes Hulsch%D%AJohannes Hulsch is a talented 20 years old self-taught photographer and student based in Leipzig, Germany.
Published 11 Jan, 2017 08:46am
The Departing by James Creel
Featured Photos

The Departing by James Creel

Photo Credit : James Creel%D%AJames Creel aka Vivid Resonance is a talented self-taught photographer currently lives and works in Brooklyn, New York.
Published 11 Jan, 2017 08:42am
The Line That Separates by Johannes Hulsch
Featured Photos

The Line That Separates by Johannes Hulsch

Photo Credit : Johannes Hulsch%D%AJohannes Hulsch is a talented 20 years old self-taught photographer and student based in Leipzig, Germany.
Published 11 Jan, 2017 08:30am
Travel Scenes by Johannes Hulsch
Featured Photos

Travel Scenes by Johannes Hulsch

Photo Credit : Johannes Hulsch%D%AJohannes Hulsch is a talented 20 years old self-taught photographer and student based in Leipzig, Germany.
Published 11 Jan, 2017 08:27am
The Roadster by James Creel
Featured Photos

The Roadster by James Creel

Photo Credit : James Creel %D%AJames Creel aka Vivid Resonance is a talented self-taught photographer currently lives and works in Brooklyn, New York.
Published 11 Jan, 2017 08:23am
Street Scenes by James Creel
Featured Photos

Street Scenes by James Creel

Photo Credit : James Creel%D%AJames Creel aka Vivid Resonance is a talented self-taught photographer currently lives and works in Brooklyn, New York.
Published 11 Jan, 2017 08:20am
Samsung heir becomes suspect in corruption scandal
Asia

Samsung heir becomes suspect in corruption scandal

SEOUL: Samsung heir Lee Jae-Yong has become a criminal suspect in a widening probe into the corruption and influence-peddling scandal engulfing impeached South Korean President Park Geun-Hye, prosecutors said Wednesday.
Published 11 Jan, 2017 08:19am
Japan plans to have new emperor in 2019
Asia

Japan plans to have new emperor in 2019

TOKYO: Japan is planning for Emperor Akihito to retire and be replaced by his eldest son on January 1, 2019, reports said Wednesday, as the country works on a legal framework for its first abdication in 200 years.
Published 11 Jan, 2017 08:10am
Venezuela president threatens opposition over 'coup'
World

Venezuela president threatens opposition over 'coup'

CARACAS: Venezuela's President Nicolas Maduro threatened Tuesday his opponents would face "consequences" for their latest efforts to oust him, reviving his claim that he was the victim of a "coup" attempt.
Published 11 Jan, 2017 08:04am
Obama says 'yes we did' in farewell address
Front Top News

Obama says 'yes we did' in farewell address

CHICAGO: President Barack Obama addressed America and the world for the final time as president Tuesday, in a speech that was both a tearful goodbye and a call to arms.
Published 11 Jan, 2017 08:01am
North Korea has plutonium for 10 nuclear bombs
Asia

North Korea has plutonium for 10 nuclear bombs

SEOUL: North Korea now has enough plutonium to make 10 nuclear bombs, South Korea said Wednesday, a week after leader Kim Jong-Un said it was close to test-launching an intercontinental ballistic missile.
Published 11 Jan, 2017 07:58am
Vietnam arrests 7 bankers for $21 million graft
Asia

Vietnam arrests 7 bankers for $21 million graft

HANOI: Vietnamese police have arrested seven ex-bankers accused of approving illegal loans that led to $21 million in losses, state media reported Wednesday, the latest scandal to hit the country's financial sector.
Published 11 Jan, 2017 07:48am
Trump hit with claims Russia has compromising info on him
North America

Trump hit with claims Russia has compromising info on him

WASHINGTON: US spy chiefs have informed Donald Trump that Russian operatives claim to possess deeply compromising personal and financial information about him, US media reported Tuesday on the eve of the president-elect's first press conference.
Published 11 Jan, 2017 07:48am
We deserve more World Cup slots, says Asian boss
Football

We deserve more World Cup slots, says Asian boss

KUALA LUMPUR: Asia's football chief said the region "deserves more slots" at the World Cup, as FIFA's decision to expand the tournament to 48 teams from 2026 was cheered in countries from China to New Zealand.
Published 11 Jan, 2017 07:47am
Five UAE officials among dead in Kandahar bombing
Front Top News

Five UAE officials among dead in Kandahar bombing

ABU DHABI: Five officials from the United Arab Emirates were among the dead in a bombing in the southern Afghan city of Kandahar, the Emirates' official WAM news agency said on Wednesday.
Published 11 Jan, 2017 07:44am
Muller beats heat to close in on another Sydney semi
Sports

Muller beats heat to close in on another Sydney semi

SYDNEY: Gilles Muller beat the heat to be one match away from a third straight semi-final appearance at the Sydney International following a big-serving victory over Australian Matt Barton on Wednesday.
Published 11 Jan, 2017 07:43am
Tokyo stocks snap three-day losing streak
Financial

Tokyo stocks snap three-day losing streak

TOKYO: Tokyo shares snapped three days of losses on Wednesday as exporters got a boost from a drop in the yen while investors eye US President-elect Donald Trump's first formal news conference.
Published 11 Jan, 2017 07:37am
Bajwa speaks to commanders
General News

Bajwa speaks to commanders

RECORDER REPORT%D%ALAHORE: Chief of Army Staff, General Qamar Bajwa chaired the 198th Corps Commanders' meeting in General Headquarters on Tuesday.
Published 11 Jan, 2017 07:05am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (January 10, 2017).
Published 11 Jan, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (January 10, 2017).

Published 11 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 10, 2017).

Published 11 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 10, 2017).

Published 11 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 10, 2017).

Published 11 Jan, 2017 12:00am
US MIDDAY: gold hits six-week high

US MIDDAY: gold hits six-week high

Gold rose to a six-week peak on Tuesday, supported by earlier weakness in the dollar ahead of a news conference on Wednesday by US President-elect Donald Trump. The market is looking for more clues on Trump's spending plans in the first speech since his s
Published 11 Jan, 2017 12:00am
US MIDDAY: soyabeans move higher

US MIDDAY: soyabeans move higher

Chicago Board of Trade soyabean futures firmed on Tuesday, recovering from weakness in overnight trading on technical buying amid lingering concerns about weather in key South American growing regions. Corn and wheat futures eased as traders staked out po
Published 11 Jan, 2017 12:00am
Oil extends losses as dollar recovers, OPEC cut doubts weigh

Oil extends losses as dollar recovers, OPEC cut doubts weigh

Oil prices fell about 1 percent on Tuesday, extending the previous session's sharp sell-off, as the US dollar strengthened and doubts over implementation of a global deal to cut output loomed. Members of the Organisation of the Petroleum Exporting Countri
Published 11 Jan, 2017 12:00am
Xi Jinping to become first Chinese president to attend Davos

Xi Jinping to become first Chinese president to attend Davos

President Xi Jinping will become the first Chinese president to attend the World Economic Forum in Davos, the foreign ministry said Tuesday, as the country seeks a greater role in global affairs. Xi will pay a state visit to Switzerland from January 15-18
Published 11 Jan, 2017 12:00am
Xi Jinping to become first Chinese president to attend Davos

Xi Jinping to become first Chinese president to attend Davos

President Xi Jinping will become the first Chinese president to attend the World Economic Forum in Davos, the foreign ministry said Tuesday, as the country seeks a greater role in global affairs. Xi will pay a state visit to Switzerland from January 15-18
Published 11 Jan, 2017 12:00am
Xi Jinping to become first Chinese president to attend Davos

Xi Jinping to become first Chinese president to attend Davos

President Xi Jinping will become the first Chinese president to attend the World Economic Forum in Davos, the foreign ministry said Tuesday, as the country seeks a greater role in global affairs. Xi will pay a state visit to Switzerland from January 15-18
Published 11 Jan, 2017 12:00am
50 dead in Afghan bombings; UAE envoy injured

50 dead in Afghan bombings; UAE envoy injured

Bombings across three Afghan cities including Kabul killed around 50 people and wounded 100 others Tuesday, in a day of carnage as Taliban insurgents escalate a deadly winter campaign of violence. At least 11 people died when explosives hidden in a sofa d
Published 11 Jan, 2017 12:00am
50 dead in Afghan bombings; UAE envoy injured

50 dead in Afghan bombings; UAE envoy injured

Bombings across three Afghan cities including Kabul killed around 50 people and wounded 100 others Tuesday, in a day of carnage as Taliban insurgents escalate a deadly winter campaign of violence. At least 11 people died when explosives hidden in a sofa d
Published 11 Jan, 2017 12:00am
Bajwa speaks to commanders

Bajwa speaks to commanders

Chief of Army Staff, General Qamar Bajwa chaired the 198th Corps Commanders' meeting in General Headquarters on Tuesday. It has been stated that the forum took comprehensive review of the security environment and operational preparedness of the Army and e
Published 11 Jan, 2017 12:00am
Bajwa speaks to commanders

Bajwa speaks to commanders

Chief of Army Staff, General Qamar Bajwa chaired the 198th Corps Commanders' meeting in General Headquarters on Tuesday. It has been stated that the forum took comprehensive review of the security environment and operational preparedness of the Army and e
Published 11 Jan, 2017 12:00am
SC questions admissibility of ICIJ revelations

SC questions admissibility of ICIJ revelations

The Supreme Court on Tuesday queried in the Panama papers case the admissibility of the revelations by International Consortium of Investigative Journalists (ICIJ). Resuming the hearing of the matter, a five-member larger bench led by Justice Asif Saeed K
Published 11 Jan, 2017 12:00am
SC questions admissibility of ICIJ revelations

SC questions admissibility of ICIJ revelations

The Supreme Court on Tuesday queried in the Panama papers case the admissibility of the revelations by International Consortium of Investigative Journalists (ICIJ). Resuming the hearing of the matter, a five-member larger bench led by Justice Asif Saeed K
Published 11 Jan, 2017 12:00am
Afghans push for Taliban 'safe zone' to outflank Pakistan

Afghans push for Taliban 'safe zone' to outflank Pakistan

Afghan officials are pushing to create a "safe zone" for Taliban insurgents in a bid to wean them away from traditional sanctuaries inside Pakistan, in a radical and contentious strategy to de-escalate the conflict. The plan underscores desperation in Afg
Published 11 Jan, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 11 Jan, 2017 12:00am
Afghans push for Taliban 'safe zone' to outflank Pakistan

Afghans push for Taliban 'safe zone' to outflank Pakistan

Afghan officials are pushing to create a "safe zone" for Taliban insurgents in a bid to wean them away from traditional sanctuaries inside Pakistan, in a radical and contentious strategy to de-escalate the conflict. The plan underscores desperation in Afg
Published 11 Jan, 2017 12:00am
Afghans push for Taliban ''safe zone'' to outflank Pakistan

Afghans push for Taliban ''safe zone'' to outflank Pakistan

Afghan officials are pushing to create a "safe zone" for Taliban insurgents in a bid to wean them away from traditional sanctuaries inside Pakistan, in a radical and contentious strategy to de-escalate the conflict. The plan underscores desperation in Afg
Published 11 Jan, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Jan, 2017 12:00am
PAC comes across massive irregularities in FBR accounts

PAC comes across massive irregularities in FBR accounts

Massive irregularities to the tune of Rs 187 billion in accounts of Federal Board of Revenue (FBR) were disclosed in a meeting of the Public Accounts Committee. The meeting of the committee was held here on Tuesday in the Parliament House under its acting
Published 11 Jan, 2017 12:00am
PAC comes across massive irregularities in FBR accounts

PAC comes across massive irregularities in FBR accounts

Massive irregularities to the tune of Rs 187 billion in accounts of Federal Board of Revenue (FBR) were disclosed in a meeting of the Public Accounts Committee. The meeting of the committee was held here on Tuesday in the Parliament House under its acting
Published 11 Jan, 2017 12:00am
PAC comes across massive irregularities in FBR accounts

PAC comes across massive irregularities in FBR accounts

Massive irregularities to the tune of Rs 187 billion in accounts of Federal Board of Revenue (FBR) were disclosed in a meeting of the Public Accounts Committee. The meeting of the committee was held here on Tuesday in the Parliament House under its acting
Published 11 Jan, 2017 12:00am
Alibaba to buy China mall operator in $2.6 billion plan

Alibaba to buy China mall operator in $2.6 billion plan

Chinese e-commerce titan Alibaba will take control of domestic department store Intime through a $2.6 billion privatisation scheme, the companies said Tuesday, sending shares of the mall operator surging. Alibaba and Intime founder Shen Guojun have togeth
Published 11 Jan, 2017 12:00am
Alibaba to buy China mall operator in $2.6 billion plan

Alibaba to buy China mall operator in $2.6 billion plan

Chinese e-commerce titan Alibaba will take control of domestic department store Intime through a $2.6 billion privatisation scheme, the companies said Tuesday, sending shares of the mall operator surging. Alibaba and Intime founder Shen Guojun have togeth
Published 11 Jan, 2017 12:00am
Alibaba to buy China mall operator in $2.6 billion plan

Alibaba to buy China mall operator in $2.6 billion plan

Chinese e-commerce titan Alibaba will take control of domestic department store Intime through a $2.6 billion privatisation scheme, the companies said Tuesday, sending shares of the mall operator surging. Alibaba and Intime founder Shen Guojun have togeth
Published 11 Jan, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (January 10, 2017).

Published 11 Jan, 2017 12:00am
Bears in the driving seat

Bears in the driving seat

Pakistan Stock Exchange (PSX) on Tuesday witnessed a bearish trend as the investors opted to book profit on available margins and the benchmark KSE-100 index declined by 173.62 points to close at 48,865.79 points. The market opened on negative note and th
Published 11 Jan, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee firmed against the dollar on the local money market on Tuesday in the process of trading, dealers said. The rupee was down by three paisas in relation to the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectively, they said.
Published 11 Jan, 2017 12:00am
Bears in the driving seat

Bears in the driving seat

Pakistan Stock Exchange (PSX) on Tuesday witnessed a bearish trend as the investors opted to book profit on available margins and the benchmark KSE-100 index declined by 173.62 points to close at 48,865.79 points. The market opened on negative note and th
Published 11 Jan, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee firmed against the dollar on the local money market on Tuesday in the process of trading, dealers said. The rupee was down by three paisas in relation to the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectively, they said.
Published 11 Jan, 2017 12:00am
Bears in the driving seat

Bears in the driving seat

Pakistan Stock Exchange (PSX) on Tuesday witnessed a bearish trend as the investors opted to book profit on available margins and the benchmark KSE-100 index declined by 173.62 points to close at 48,865.79 points. The market opened on negative note and th
Published 11 Jan, 2017 12:00am
BRIndex30 sheds 223.4 points

BRIndex30 sheds 223.4 points

On Tuesday, BRIndex30 opened at 27,295.03 points and remained negative throughout the trading session. It touched an intraday high of 27,247.22 points and an intraday low of 27,018.65 points and closed at 27,071.63 points which was -223.4 points or -0.82
Published 11 Jan, 2017 12:00am
BRIndex30 sheds 223.4 points

BRIndex30 sheds 223.4 points

On Tuesday, BRIndex30 opened at 27,295.03 points and remained negative throughout the trading session. It touched an intraday high of 27,247.22 points and an intraday low of 27,018.65 points and closed at 27,071.63 points which was -223.4 points or -0.82
Published 11 Jan, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 10, 2017).

Published 11 Jan, 2017 12:00am
As election nears, Prime Minister pleases businesses
Cotton

As election nears, Prime Minister pleases businesses

Prime Minister Nawaz Sharif Tuesday announced a package of incentives of Rs 180 billion that envisages abolition of customs duty and sales tax on import of cotton, textile machinery and man-made fibre to boost exports. He made the announcement while addre
Published 11 Jan, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 10, 2017).

Published 11 Jan, 2017 12:00am
As election nears, Prime Minister pleases businesses
Cotton

As election nears, Prime Minister pleases businesses

Prime Minister Nawaz Sharif Tuesday announced a package of incentives of Rs 180 billion that envisages abolition of customs duty and sales tax on import of cotton, textile machinery and man-made fibre to boost exports. He made the announcement while addre
Published 11 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 Tuesday (January 10, 2017).

Published 11 Jan, 2017 12:00am
As election nears, Prime Minister pleases businesses
Cotton

As election nears, Prime Minister pleases businesses

Prime Minister Nawaz Sharif Tuesday announced a package of incentives of Rs 180 billion that envisages abolition of customs duty and sales tax on import of cotton, textile machinery and man-made fibre to boost exports. He made the announcement while addre
Published 11 Jan, 2017 12:00am
As election nears, Prime Minister pleases businesses
Cotton

As election nears, Prime Minister pleases businesses

Prime Minister Nawaz Sharif Tuesday announced a package of incentives of Rs 180 billion that envisages abolition of customs duty and sales tax on import of cotton, textile machinery and man-made fibre to boost exports. He made the announcement while addre
Published 11 Jan, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 10, 2017)

Published 11 Jan, 2017 12:00am
Mayor accuses governments of neglecting Karachi

Mayor accuses governments of neglecting Karachi

Mayor Karachi Waseem Akhtar on Tuesday lashed out at the federal and Sindh governments for what he said 'consistently neglecting' Karachi despite the fact that the port city was contributing 70 per cent revenue to the national exchequer. Addressing the bu
Published 11 Jan, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 10, 2017).

Published 11 Jan, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 11 Jan, 2017 12:00am
Nisar restrained from chairing NADRA board meetings

Nisar restrained from chairing NADRA board meetings

The Lahore High Court restrained Interior Minister from chairing National Database and Registration Authority's (NADRA)'s board meetings and suspended appointments of its two members. The court passed this order in a petition challenging alleged illegal a
Published 11 Jan, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 11 Jan, 2017 12:00am
Nisar restrained from chairing NADRA board meetings

Nisar restrained from chairing NADRA board meetings

The Lahore High Court restrained Interior Minister from chairing National Database and Registration Authority's (NADRA)'s board meetings and suspended appointments of its two members. The court passed this order in a petition challenging alleged illegal a
Published 11 Jan, 2017 12:00am
Bullion Rates

Bullion Rates

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

Published 11 Jan, 2017 12:00am
Arrest warrants for Waseem Akram issued

Arrest warrants for Waseem Akram issued

A court on Tuesday issued arrest warrants for former captain cricket team Waseem Akram. Judicial Magistrate-East issued the warrants against the former captain for not attending the 31 court hearings in a case. The cricket legend had registered a case of
Published 11 Jan, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (January 10, 2017) and the forecast for Wednesday (January 11, 2017).

Published 11 Jan, 2017 12:00am
Immovable properties: pro-Islamic banking body makes key Recommendations

Immovable properties: pro-Islamic banking body makes key Recommendations

The sub-committee on taxation, constituted by Finance Minister Ishaq Dar for the promotion of Islamic banking, has recommended the provincial governments to exempt registration of sale/purchase of immovable properties by banks/financial institutions under
Published 11 Jan, 2017 12:00am
Immovable properties: pro-Islamic banking body makes key Recommendations

Immovable properties: pro-Islamic banking body makes key Recommendations

The sub-committee on taxation, constituted by Finance Minister Ishaq Dar for the promotion of Islamic banking, has recommended the provincial governments to exempt registration of sale/purchase of immovable properties by banks/financial institutions under
Published 11 Jan, 2017 12:00am
Immovable properties: pro-Islamic banking body makes key Recommendations

Immovable properties: pro-Islamic banking body makes key Recommendations

The sub-committee on taxation, constituted by Finance Minister Ishaq Dar for the promotion of Islamic banking, has recommended the provincial governments to exempt registration of sale/purchase of immovable properties by banks/financial institutions under
Published 11 Jan, 2017 12:00am
Rate of IT on firms fulfilling criteria reduced

Rate of IT on firms fulfilling criteria reduced

Unveiling tax concession for Shariah-compliant companies, the Federal Board of Revenue (FBR) has announced to charge reduced rate of income tax on such companies once they fulfil the criteria laid down by the Board. The FBR has notified the reduced rate o
Published 11 Jan, 2017 12:00am
Dar for improving investment climate, exports

Dar for improving investment climate, exports

Minister for Finance, Revenue, Economic Affairs, Statistics and Privatisation, Senator Ishaq Dar chaired a meeting here on Tuesday on improving Pakistan's investment climate and exports. Deliberations on a package to enhance the country's exports were car
Published 11 Jan, 2017 12:00am
Reason behind plane crash still unknown

Reason behind plane crash still unknown

Pakistan International Airlines Corporation Limited (PIACL) on Tuesday disclosed that the root cause of the crash of ATR plane on its way from Chitral to Islamabad is unknown and apparently aircraft experienced engine failure/trouble, followed by more ano
Published 11 Jan, 2017 12:00am
Reason behind plane crash still unknown

Reason behind plane crash still unknown

Pakistan International Airlines Corporation Limited (PIACL) on Tuesday disclosed that the root cause of the crash of ATR plane on its way from Chitral to Islamabad is unknown and apparently aircraft experienced engine failure/trouble, followed by more ano
Published 11 Jan, 2017 12:00am
Reason behind plane crash still unknown

Reason behind plane crash still unknown

Pakistan International Airlines Corporation Limited (PIACL) on Tuesday disclosed that the root cause of the crash of ATR plane on its way from Chitral to Islamabad is unknown and apparently aircraft experienced engine failure/trouble, followed by more ano
Published 11 Jan, 2017 12:00am
Reason behind plane crash still unknown

Reason behind plane crash still unknown

Pakistan International Airlines Corporation Limited (PIACL) on Tuesday disclosed that the root cause of the crash of ATR plane on its way from Chitral to Islamabad is unknown and apparently aircraft experienced engine failure/trouble, followed by more ano
Published 11 Jan, 2017 12:00am
Remittances witness slowdown

Remittances witness slowdown

The inflows of home remittances witnessed slowdown and posted a slight decline of 2.37 percent during the first half (July-Dec) of this fiscal year (FY17). Overseas Pakistani workers have remitted $9.458 billion in first six months of FY17, compared to $9
Published 11 Jan, 2017 12:00am
Remittances witness slowdown

Remittances witness slowdown

The inflows of home remittances witnessed slowdown and posted a slight decline of 2.37 percent during the first half (July-Dec) of this fiscal year (FY17). Overseas Pakistani workers have remitted $9.458 billion in first six months of FY17, compared to $9
Published 11 Jan, 2017 12:00am
Remittances witness slowdown

Remittances witness slowdown

The inflows of home remittances witnessed slowdown and posted a slight decline of 2.37 percent during the first half (July-Dec) of this fiscal year (FY17). Overseas Pakistani workers have remitted $9.458 billion in first six months of FY17, compared to $9
Published 11 Jan, 2017 12:00am
Decline in forex reserves

Decline in forex reserves

Noted economist Dr Hafiz Pasha, who has held several ministerial portfolios in three governments, has pointed out that foreign exchange reserves have declined by 750 million dollars during November-December 2016. The critical question, therefore, is wheth
Published 11 Jan, 2017 12:00am
Yet another train tragedy

Yet another train tragedy

In yet another fatal accident at a railway crossing, this time in a small village near Lodhran, eight young people were killed, six of them children on their way to school, when the rickshaw they were riding rammed into a train at a level crossing. Accord
Published 11 Jan, 2017 12:00am
The poverty puzzle

The poverty puzzle

The good news is Pakistan has seen an exceptional decline in poverty - falling from 35 per cent in 2001 to less than 10 per cent by 2013-14. Moreover, these gains were not concentrated among those close to the poverty line. Even the poorest 5 percent of t
Published 11 Jan, 2017 12:00am
PIA: the elephant that refuses to leave the room

PIA: the elephant that refuses to leave the room

What do we do with PIA? We can't scrub it clean; we can't wash our hands off it. Staying in the skies may be a moot pointbut staying in the news is a PIA specialty. Safety record, blocked toilets, crew that gets nabbed around the world, clipping other air
Published 11 Jan, 2017 12:00am
Isn't it a grim situation?

Isn't it a grim situation?

Quoting sources, a Business Recorder news item on Sunday said the long-awaited package, was deliberated in two marathon meetings a couple of days ago. First meeting was presided over by the Prime Minister Nawaz Sharif in the PM House and attended b
Published 11 Jan, 2017 12:00am
Shaheen Air refutes reports about emergency landing

Shaheen Air refutes reports about emergency landing

Shaheen Air International (SAI) has disproved claims made by media reports about an emergency landing involving a Lahore-bound flight from Manchester. In its press statement, the airliner has clarified that there was no incident of smoke and a safe landin
Published 11 Jan, 2017 12:00am
Dastgir says package aimed at boosting exports
Cotton

Dastgir says package aimed at boosting exports

The federal government with a view to giving boost to continuously declining exports announced on Tuesday trade enhancement initiatives of Rs 180 billion for 18 months, starting from January 1, 2017 to June 30, 2018. The package was first announced by the
Published 11 Jan, 2017 12:00am
Military courts: opposition parties seek time

Military courts: opposition parties seek time

Opposition parties on Tuesday sought time to deliberate upon a government's proposal to give another 2-year extension to military courts, as they criticised the government for its inability to bring judicial reforms under the National Action Plan (NAP) wi
Published 11 Jan, 2017 12:00am
Ayaz condoles death of Rafsanjani

Ayaz condoles death of Rafsanjani

Speaker National Assembly Sardar Ayaz Sadiq on Tuesday visited Iranian Embassy Islamabad and offered condolence on the demise of Akbar Hashemi Rafsanjani, who was former President, Speaker and Head of the Expediency Council of Iran. The Speaker recorded h
Published 11 Jan, 2017 12:00am
Greater awareness required about DLECs, Senate told

Greater awareness required about DLECs, Senate told

The Senate was informed on Tuesday that only 7 percent funds allocated for District Legal Empowerment Committees (DLECs) were availed by women, which makes 24 percent overall utilisation of Rs 21.2 million allocated since 2013. The DLECs are panels formed
Published 11 Jan, 2017 12:00am
Naheed asks ECP to hold off decision on PPP enlistment

Naheed asks ECP to hold off decision on PPP enlistment

Naheed Khan, former political secretary to Pakistan Peoples Party (PPP) chairwoman Benazir Bhutto has asked the Election Commission of Pakistan (ECP) not to take any decision on the enlistment or any consequential action regarding the PPPP before the fina
Published 11 Jan, 2017 12:00am
Punjab University announces results

Punjab University announces results

Punjab University Examinations Department has declared the results of MA Economics Part-I annual examination 2016, MA Islamic Studies Part-I annual examination 2016, MA Mass Communication Part-I annual examination 2016, MSc Botany Part-I annual examinatio
Published 11 Jan, 2017 12:00am