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Archive - 2017-02-01
After Mehran, Pak Suzuki Kills Cultus
Life & Style

After Mehran, Pak Suzuki Kills Cultus

After Mehran, Pak Suzuki seems to be done with its Cultus range of cars, after they issued a notice declaring discontinuation any and all bookings of Suzuki Cultus.%D%A%D%A
Updated 10 May, 2018 07:39pm
Dollar recovers ground on strong US jobs, factory data
Financial

Dollar recovers ground on strong US jobs, factory data

NEW YORK: The US dollar recovered some ground on Wednesday after stronger-than-expected US private payrolls and manufacturing data, while lingering worries that the United States was poised to ditch its "strong dollar" policy limited gains.
Published 01 Feb, 2017 06:04pm
Wall St pares gains as energy, utilities drag
Financial

Wall St pares gains as energy, utilities drag

NEW YORK: The S&P 500 slipped into the red and the Dow pared gains in late morning trade on Wednesday, led by losses in energy and utilities sectors, ahead of the Federal Reserve's decision on interest rates.
Published 01 Feb, 2017 05:50pm
France's Fillon struggles to save presidential bid
Europe

France's Fillon struggles to save presidential bid

PARIS: French rightwing candidate Francois Fillon battled to save his scandal-hit presidential bid on Wednesday as disastrous new polling numbers and party colleagues increased pressure on him to step aside.
Published 01 Feb, 2017 05:04pm
UN chief calls for lifting US travel ban
World Top News

UN chief calls for lifting US travel ban

UNITED NATIONS: UN Secretary-General Antonio Guterres on Wednesday called for lifting a US ban on travellers from seven Muslim-majority countries, saying the measures would not prevent terrorists from entering the United States.
Published 01 Feb, 2017 04:51pm
Commerce minister for equal trade opportunities for women
General News

Commerce minister for equal trade opportunities for women

ISLAMABAD: Federal Minister for Commerce, Engineer Khurram Dastgir Khan Wednesday said Pakistan should start viewing trade, business and economy through a gendered lens and provide specific opportunities to its women to realize their potential and lift th
Published 01 Feb, 2017 04:20pm
Iraq president says US travel ban 'a shock'
Middle East

Iraq president says US travel ban 'a shock'

BAGHDAD: President Fuad Masum said Wednesday that his American counterpart Donald Trump's decision to ban Iraqi citizens from entering the United States was "a shock" and called for it to be reviewed.
Published 01 Feb, 2017 04:18pm
Cricket: Raina, Dhoni fifties power India to 202-6
Cricket

Cricket: Raina, Dhoni fifties power India to 202-6

BANGALORE: Scintillating half-centuries from Suresh Raina and Mahendra Singh Dhoni helped India post a challenging 202 for six against England in the third and final Twenty20 international in Bangalore on Wednesday.
Published 01 Feb, 2017 03:46pm
Lavrov calls for Syria's return to Arab League
Front Top News

Lavrov calls for Syria's return to Arab League

ABU DHABI: Russian Foreign Minister Sergei Lavrov said Wednesday that Syria's return to the Arab League would allow the organisation to play a role in finding a political solution to the country's conflict.
Published 01 Feb, 2017 01:57pm
India building collapse kills four, more feared trapped
Asia

India building collapse kills four, more feared trapped

NEW DELHI: A building under construction collapsed Wednesday in northern India killing at least four labourers, an administrative official said, in the latest deadly accident to highlight shoddy construction standards in the country.
Published 01 Feb, 2017 01:53pm
Trump travel ban will impact US tourism: UN agency
World Top News

Trump travel ban will impact US tourism: UN agency

MADRID: President Donald Trump's executive order blocking immigrants from seven majority Muslim nations will hit tourism to the US, the UN's World Tourism Organization warned Wednesday.
Published 01 Feb, 2017 01:48pm
OPEC cut extension could hurt Saudi plan to balance market
Energy

OPEC cut extension could hurt Saudi plan to balance market

ANTWERP: An extension of OPEC oil production cuts could push oil prices too high to meet Saudi Arabia and others' objective of balancing the market without encouraging US shale output, Gunvor's head of oil market research said on Wednesday.
Published 01 Feb, 2017 01:12pm
Gold steady ahead of US Fed rate decision
Commodities

Gold steady ahead of US Fed rate decision

LONDON: Gold slipped off a more than one-week high on Wednesday as the dollar firmed ahead of an interest rate decision by the US Federal Reserve which is expected to provide clues on monetary policy this year.
Published 01 Feb, 2017 12:51pm
Slump in US sales hits Volvo profits
Industry

Slump in US sales hits Volvo profits

STOCKHOLM: Sweden's Volvo, the world's second-largest truck maker, said Tuesday that bottom-line profits fell sharply in 2016, hit by a decline in sales in North America.
Published 01 Feb, 2017 12:01pm
European stocks rebound awaiting Fed
Financial

European stocks rebound awaiting Fed

LONDON: European stock markets rebounded on Wednesday and the dollar recovered from two-month lows against the euro and yen, with the Fed set for its first monetary policy announcements of 2017.
Published 01 Feb, 2017 11:58am
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 Wednesday having 49455.
Published 01 Feb, 2017 11:01am
The Almighty by Dennis The Prescott
Featured Photos

The Almighty by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescot was born in Canada, is a chef and food author.
Published 01 Feb, 2017 10:55am
Savor & Serve by Dennis The Prescott
Featured Photos

Savor & Serve by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescot was born in Canada, is a chef and food author.
Published 01 Feb, 2017 10:53am
Orange Mock by Dennis The Prescott
Featured Photos

Orange Mock by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescot was born in Canada, is a chef and food author.
Published 01 Feb, 2017 10:50am
Oriental by Dennis The Prescott
Featured Photos

Oriental by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescot was born in Canada, is a chef and food author.
Published 01 Feb, 2017 10:49am
Tatsoi by Dennis The Prescott
Featured Photos

Tatsoi by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescot was born in Canada, is a chef and food author.
Published 01 Feb, 2017 10:35am
Brunch Maple by Dennis The Prescott
Featured Photos

Brunch Maple by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescot was born in Canada, is a chef and food author.
Published 01 Feb, 2017 10:30am
Morning Salad by Dennis The Prescott
Featured Photos

Morning Salad by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescot was born in Canada, is a chef and food author.
Published 01 Feb, 2017 10:28am
Pharma exports 1HFY17
Miscellaneous

Pharma exports 1HFY17

Relevant to earlier discussion on drug pricing (See column, Access to medicines) is the issue of falling pharmaceutical exports.
Published 01 Feb, 2017 10:08am
MFFL up in 1Q
Miscellaneous

MFFL up in 1Q

Mitchells Fruit Farms Limiited (PSX: MFFL) has the privilege to be one of the oldest corporations in Pakistan with an extensive history in the food sector.
Published 01 Feb, 2017 10:08am
CPEC to benefit entire region, neighbours
General News

CPEC to benefit entire region, neighbours

GILGIT: Provincial Minister for Information, Planning and Development, Iqbal Hassan Khan has said China-Pakistan Economic Corridor Project (CPEC) was a life line project for Pakistan, which will also benefit the entire region and neighbours.
Published 01 Feb, 2017 09:54am
3 bills introduced in National Assembly
Pakistan

3 bills introduced in National Assembly

ISLAMABAD: As many as three bills including the Apprenticeship Bill, 2017, the Pakistan Tobacco Board (Amendment) Bill, 2017 and the Alternate Dispute Resolution Bill, 2016 were introduced in the National Assembly on Wednesday.
Published 01 Feb, 2017 09:50am
Pakistan to become Asia's premier trade, energy corridor: PM
Pakistan Top News

Pakistan to become Asia's premier trade, energy corridor: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Wednesday said Pakistan's strategic location makes it a market having potential to become Asia's premier trade, energy and transport corridor.
Published 01 Feb, 2017 09:26am
New form of matter discovered, dubbed 'Time Crystals'
Technology

New form of matter discovered, dubbed 'Time Crystals'

Just in, scientists have developed now what could be called a fourth state of matter dubbed time crystals, although the name sounds like something out of a sci-fi flick, they are very real and may not have to do much with time travel.%D%A%D%A
Published 01 Feb, 2017 08:34am
Q1: External debt rises by $1bn
Front Top News

Q1: External debt rises by $1bn

RECORDER REPORT%D%A%D%AISLAMABAD: Pakistans external and domestic debts increased by $1 billion and Rs772 billion respectively during the first quarter of the current financial year, reveals Debt Policy Coordination Office, Ministry of Finance, in its fis
Published 01 Feb, 2017 07:14am
'Dayfresh milk products meet legal standards, quality specifications'

'Dayfresh milk products meet legal standards, quality specifications'

Dairyland (Pvt) Ltd has informed media outlets to assist them in the reporting of legal proceedings regarding packaged milk products, which is sub judice before the Supreme Court of Pakistan. "We hope that due care will be taken to ensure that there is no
Published 01 Feb, 2017 12:00am
Three robbers killed in 'encounter'

Three robbers killed in 'encounter'

Three alleged robbers were killed in a reported police encounter in the jurisdiction of the Ferozabad Police Station. This was stated by the spokesman of the Sindh Police here on Tuesday.
Published 01 Feb, 2017 12:00am
CNG sector should deposit GIDC into exchequer: Khaqan

CNG sector should deposit GIDC into exchequer: Khaqan

Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that the government has no power to waive any tax and the CNG sector will have to pay the amount which it has collected from consumers on account of Gas Infrastructure Deve
Published 01 Feb, 2017 12:00am
CNG sector should deposit GIDC into exchequer: Khaqan

CNG sector should deposit GIDC into exchequer: Khaqan

Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that the government has no power to waive any tax and the CNG sector will have to pay the amount which it has collected from consumers on account of Gas Infrastructure Deve
Published 01 Feb, 2017 12:00am
CNG sector should deposit GIDC into exchequer: Khaqan

CNG sector should deposit GIDC into exchequer: Khaqan

Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that the government has no power to waive any tax and the CNG sector will have to pay the amount which it has collected from consumers on account of Gas Infrastructure Deve
Published 01 Feb, 2017 12:00am
Government plans more LNG supply tenders

Government plans more LNG supply tenders

Government plans to launch at least two liquefied natural gas (LNG) supply tenders in the coming months, a senior energy industry official said on Tuesday, confirming that trading house Gunvor has won a tender to supply 60 LNG shipments to Pakistan over t
Published 01 Feb, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 01 Feb, 2017 12:00am
Government plans more LNG supply tenders

Government plans more LNG supply tenders

Government plans to launch at least two liquefied natural gas (LNG) supply tenders in the coming months, a senior energy industry official said on Tuesday, confirming that trading house Gunvor has won a tender to supply 60 LNG shipments to Pakistan over t
Published 01 Feb, 2017 12:00am
Government plans more LNG supply tenders

Government plans more LNG supply tenders

Government plans to launch at least two liquefied natural gas (LNG) supply tenders in the coming months, a senior energy industry official said on Tuesday, confirming that trading house Gunvor has won a tender to supply 60 LNG shipments to Pakistan over t
Published 01 Feb, 2017 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 01 Feb, 2017 12:00am
Baltic PMs sign deal to build high-speed rail link

Baltic PMs sign deal to build high-speed rail link

Baltic state leaders inked a deal Tuesday to build a high-speed rail link to Berlin and Western Europe that has taken on added significance due to concerns over a resurgent Russia. The Rail Baltica project, which may eventually also connect the region to
Published 01 Feb, 2017 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Feb, 2017 12:00am
Baltic PMs sign deal to build high-speed rail link

Baltic PMs sign deal to build high-speed rail link

Baltic state leaders inked a deal Tuesday to build a high-speed rail link to Berlin and Western Europe that has taken on added significance due to concerns over a resurgent Russia. The Rail Baltica project, which may eventually also connect the region to
Published 01 Feb, 2017 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 01 Feb, 2017 12:00am
Baltic PMs sign deal to build high-speed rail link

Baltic PMs sign deal to build high-speed rail link

Baltic state leaders inked a deal Tuesday to build a high-speed rail link to Berlin and Western Europe that has taken on added significance due to concerns over a resurgent Russia. The Rail Baltica project, which may eventually also connect the region to
Published 01 Feb, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Feb, 2017 12:00am
New Palestinian Embassy Complex inaugurated

New Palestinian Embassy Complex inaugurated

Prime Minister Nawaz Sharif along with visiting Palestinian President Mahmoud Abbas inaugurated the newly constructed Palestinian Embassy Complex here on Tuesday. A ceremony in this record was held at the newly building of the Palestinian Complex where bo
Published 01 Feb, 2017 12:00am
New Palestinian Embassy Complex inaugurated

New Palestinian Embassy Complex inaugurated

Prime Minister Nawaz Sharif along with visiting Palestinian President Mahmoud Abbas inaugurated the newly constructed Palestinian Embassy Complex here on Tuesday. A ceremony in this record was held at the newly building of the Palestinian Complex where bo
Published 01 Feb, 2017 12:00am
SME Bank sell-off process finalised

SME Bank sell-off process finalised

Chief Executive Officer of SME Bank Ihsan ul Haq Khan Tuesday said that the government has finalised the process for the privatisation of Small & Medium Enterprises Bank. While briefing the sub-committee of the Public Accounts Committee (PAC) here, Khan s
Published 01 Feb, 2017 12:00am
SME Bank sell-off process finalised

SME Bank sell-off process finalised

Chief Executive Officer of SME Bank Ihsan ul Haq Khan Tuesday said that the government has finalised the process for the privatisation of Small & Medium Enterprises Bank. While briefing the sub-committee of the Public Accounts Committee (PAC) here, Khan s
Published 01 Feb, 2017 12:00am
SME Bank sell-off process finalised

SME Bank sell-off process finalised

Chief Executive Officer of SME Bank Ihsan ul Haq Khan Tuesday said that the government has finalised the process for the privatisation of Small & Medium Enterprises Bank. While briefing the sub-committee of the Public Accounts Committee (PAC) here, Khan s
Published 01 Feb, 2017 12:00am
SME Bank sell-off process finalised

SME Bank sell-off process finalised

Chief Executive Officer of SME Bank Ihsan ul Haq Khan Tuesday said that the government has finalised the process for the privatisation of Small & Medium Enterprises Bank. While briefing the sub-committee of the Public Accounts Committee (PAC) here, Khan s
Published 01 Feb, 2017 12:00am
Deutsche Bank to stop financing coal projects

Deutsche Bank to stop financing coal projects

German banking giant Deutsche Bank on Tuesday announced it would stop financing coal projects as part of its commitments under the Paris Agreement to tackle global warming. "Deutsche Bank and its subsidiaries will not grant new financing for greenfield th
Published 01 Feb, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (January 31, 2017).

Published 01 Feb, 2017 12:00am
Deutsche Bank to stop financing coal projects

Deutsche Bank to stop financing coal projects

German banking giant Deutsche Bank on Tuesday announced it would stop financing coal projects as part of its commitments under the Paris Agreement to tackle global warming. "Deutsche Bank and its subsidiaries will not grant new financing for greenfield th
Published 01 Feb, 2017 12:00am
Deutsche Bank to stop financing coal projects

Deutsche Bank to stop financing coal projects

German banking giant Deutsche Bank on Tuesday announced it would stop financing coal projects as part of its commitments under the Paris Agreement to tackle global warming. "Deutsche Bank and its subsidiaries will not grant new financing for greenfield th
Published 01 Feb, 2017 12:00am
Deutsche Bank to stop financing coal projects

Deutsche Bank to stop financing coal projects

German banking giant Deutsche Bank on Tuesday announced it would stop financing coal projects as part of its commitments under the Paris Agreement to tackle global warming. "Deutsche Bank and its subsidiaries will not grant new financing for greenfield th
Published 01 Feb, 2017 12:00am
THE RUPEE: stable trend
Currency

THE RUPEE: stable trend

The rupee managed to hold overnight levels against the dollar on the local money market on Tuesday in the process of trading activity, dealers said. They said the rupee halted fresh erosion versus the dollar; on the other hand the national currency was ga
Published 01 Feb, 2017 12:00am
THE RUPEE: stable trend
Currency

THE RUPEE: stable trend

The rupee managed to hold overnight levels against the dollar on the local money market on Tuesday in the process of trading activity, dealers said. They said the rupee halted fresh erosion versus the dollar; on the other hand the national currency was ga
Published 01 Feb, 2017 12:00am
Oil up as OPEC cuts output, dollar dives

Oil up as OPEC cuts output, dollar dives

Oil prices rose on Tuesday on a weak US dollar and news that the world's top producers cut production this month more than forecasters had expected. However, prices pared gains to close the session only marginally higher as month-end profit taking kept a
Published 01 Feb, 2017 12:00am
US MIDDAY: gold hits week high
Currency

US MIDDAY: gold hits week high

Gold reached its highest level in a week on Tuesday as unnerved investors bought bullion after the dollar was hit by US President Donald Trump's comments on currency devaluation by other countries. Spot gold climbed 1.6 percent to $1,214.19 an ounce by 15
Published 01 Feb, 2017 12:00am
Key Argentina soya area still coping with late 2016 floods

Key Argentina soya area still coping with late 2016 floods

Soy grower Carlos Zucarelli looks over his farm in Argentina's bread-basket province of Buenos Aires, watching ducks float around on a shallow lake covering much of what was meant to be this year's crop area. His and other farms in the area of Pergamino i
Published 01 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 31, 2017).

Published 01 Feb, 2017 12:00am
Gold rises in Europe
Currency

Gold rises in Europe

Gold climbed on Tuesday to its highest in nearly a week as tough travel restrictions by US President Donald Trump unnerved markets and prompted investors to buy bullion as risk insurance. Spot gold gained 0.8 percent to $1,204.76 an ounce by 1320 GMT, its
Published 01 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 31, 2017).

Published 01 Feb, 2017 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices hit their highest in about a week on Tuesday, buoyed by safe-haven demand after US President Donald Trump rattled global markets with his tough stance on immigration. Spot gold had risen 0.51 percent, to $1,201.07 per ounce at 0752 GMT. It ear
Published 01 Feb, 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 31, 2017).

Published 01 Feb, 2017 12:00am
Gold surges in New York

Gold surges in New York

Gold rose on Monday as political uncertainty created by US President Donald Trump's move to ban people from seven Muslim-majority countries, and by elections in Europe, supported prices. Traders reported subdued activity because of the Lunar New Year holi
Published 01 Feb, 2017 12:00am
New York cocoa rallies on technicals, Arabica coffee falls

New York cocoa rallies on technicals, Arabica coffee falls

New York cocoa futures rallied on Tuesday as a bout of short-covering lifted prices off fresh near four-year lows touched in earlier trade. The March New York cocoa contract climbed $50, or 2.41 percent to $2,129 a tonne by 1502 GMT. The front month had e
Published 01 Feb, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 31, 2017)

Published 01 Feb, 2017 12:00am
Malaysian palm oil hits five-week low tracking weaker soya

Malaysian palm oil hits five-week low tracking weaker soya

Malaysian palm oil futures on Tuesday hit their lowest in five weeks, and were headed for a fourth session of declines, as they tracked a subdued soyabean market after the Lunar New Year holidays. Benchmark palm oil futures for April delivery on the Bursa
Published 01 Feb, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 31, 2017).

Published 01 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 01 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 01 Feb, 2017 12:00am
Rubber tumbles

Rubber tumbles

Benchmark Tokyo rubber futures ended down 5.7 percent on Tuesday after TOCOM requested its member-brokers to submit reports detailing their customers' positions after prices surged amid supply worries in the wake of floods in Thailand. The Tokyo Commodity
Published 01 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 31, 2017).

Published 01 Feb, 2017 12:00am
Copper jumps as dollar wilts, supply concerns dominate

Copper jumps as dollar wilts, supply concerns dominate

Copper rose by 2.9 percent on Tuesday, touching a two-month high on concern over potential supply disruptions in Chile and a weakening dollar. The dollar was on course for its worst start to a year since 2008 as concerns over the broader shape of policy u
Published 01 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 31, 2017).

Published 01 Feb, 2017 12:00am
Brazil coffee industry sees flat 2017 exports

Brazil coffee industry sees flat 2017 exports

Coffee exporters in Brazil, the world's largest producer, see shipments in 2017 around the same 30 million bags shipped in 2016 despite talk of a weaker off-cycle 2017/18 crop. Brazil coffee exporters' association, Cecafe, said in a Wednesday briefing tha
Published 01 Feb, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (January 31, 2017) and the forecast for Wednesday (January 10, 2017).

Published 01 Feb, 2017 12:00am
Cotton futures fall as funds roll in longs
Cotton

Cotton futures fall as funds roll in longs

ICE cotton futures fell about one percent after touching a near four-week high earlier in the session, as index funds rolled forward their longs on Monday, weighing on the market. "The rolling of longs forward by index funds commenced on Monday. This prov
Published 01 Feb, 2017 12:00am
A tale of two packages
Cotton

A tale of two packages

Prime Minister Nawaz Sharif, during his ongoing tenure, announced two major packages to promote two poorly performing critical sectors of the economy; notably, farm and export sectors. The farm package was announced in September 2015 at an estimated cost
Published 01 Feb, 2017 12:00am
A terrible portent

A terrible portent

Efforts of the Speaker National Assembly (NA) Ayaz Sadiq to settle a code of conduct for parliamentarians in the light of the brawl that disrupted the proceedings of the house on January 26 did result in a patch-up and the opposition returned to the assem
Published 01 Feb, 2017 12:00am
The challenge of white collar crime
Currency

The challenge of white collar crime

Pakistan has all kinds of laws to deal with the challenge of corruption in an effective and meaningful manner. The country also has a number of state agencies, some directly under the government of the day, the most important being the investigation cell
Published 01 Feb, 2017 12:00am
God's not-too-little Acre

God's not-too-little Acre

Pakistan's land mass is finite - limited by geographical boundaries, until climate change throws up a few islands or dredging the sea gets a technological boost. State land, on the other hand, seems to be infinite; an in-exhaustible stock. Somehow we alwa
Published 01 Feb, 2017 12:00am
Saudi, other Muslims spared ban as US allies: experts

Saudi, other Muslims spared ban as US allies: experts

Gulf monarchies, notably Saudi Arabia, and other major Muslim nations have been spared the US travel ban because they are crucial allies of Washington and not "failed states", experts say. President Donald Trump's controversial executive order on Friday s
Published 01 Feb, 2017 12:00am
'A new resistance movement'

'A new resistance movement'

This is apropos aBusiness Recorder op-ed "A new resistance movement" carried by the newspaper yesterday. The writer, Rashed Rahman, has articulated a fascinating argument on how US President Donald Trump has shaken up the US and the world. He has a
Published 01 Feb, 2017 12:00am
Sahiwal Coal Power Project: CM visits control room

Sahiwal Coal Power Project: CM visits control room

Punjab Chief Minister Shahbaz Sharif inspected control room of 1320 megawatt Sahiwal Coal Power Project Tuesday. On this occasion, Punjab Chief Minister was informed that control room has been linked with 500-KV transmission line. ShAhbaz Sharif inspected
Published 01 Feb, 2017 12:00am
PML-N, PTI trade allegations, insults in their Panamagate row

PML-N, PTI trade allegations, insults in their Panamagate row

The ruling Pakistan Muslim League-Nawaz (PML-N) and opposition Pakistan Tehreek-e-Insaf (PTI) on Tuesday continued justifying their respective stances on the Panama Leaks case. The government team led by State Minister Marriyum Aurangzeb, a long-time loya
Published 01 Feb, 2017 12:00am
CEO PIDC visits FPCCI office

CEO PIDC visits FPCCI office

Pakistan Industrial Development Corporation (PIDC) Chief Executive Officer Iqbal Tabish on Tuesday visited the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) regional office to discuss the matters of mutual interest. Speaking on the occas
Published 01 Feb, 2017 12:00am
University of Buner to be operational by March: minister

University of Buner to be operational by March: minister

Provincial Minister for Zakat, Usher and Religious Affairs, Habibur Rehman said Tuesday that University of Buner would be fully operational by March this year with all modern educational facilities to facilitate students. He said the work on the building
Published 01 Feb, 2017 12:00am
Banker, revenue officials held for alleged fraud

Banker, revenue officials held for alleged fraud

National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Tuesday arrested Raja Muhammad Saeed of Azad Jamu Kashmir, Syed Faran Abbas, Manager Operations JS Bank Taxila, Sardar Ghulam Murtaza Tehsildar Hairpur and Mian Muhammad Irfan Patwari Haripur.
Published 01 Feb, 2017 12:00am
Punjab Assembly refers two resolutions to parliamentary bodies

Punjab Assembly refers two resolutions to parliamentary bodies

Punjab Assembly in its 26th session here Tuesday referred two resolutions 'The Punjab Land Preservation (Amendment) Bill 2016 and 'Punjab Animals Slaughter Control (Amendment) Bill 2016' to parliamentary standing committees. On Private Members Day a resol
Published 01 Feb, 2017 12:00am
Interest-based financial system Shariat court to hear petitions

Interest-based financial system Shariat court to hear petitions

Federal Shariat Court (FSC) has decided to conduct hearing of petitions seeking an end to interest-based financial system from Pakistan on daily basis. A four-member bench headed by chief justice of the top Islamic court Riaz Ahmad resumed proceedings int
Published 01 Feb, 2017 12:00am
Government again fails to convince opposition over military courts

Government again fails to convince opposition over military courts

The government again fails to make any progress in convincing the opposition parties to grant extension to military courts for pursuing terrorism related cases, as a third joint meeting on Tuesday remained inconclusive once again. Speaker National Assembl
Published 01 Feb, 2017 12:00am
PPPP urges government to revise census policy

PPPP urges government to revise census policy

Pakistan People's Party Parliamentarians (PPPP) on Tuesday urged the government to revise its "illogical and unconstitutional" condition of having a Computerised National Identity Card (CNIC) for any person to be counted in upcoming census.
Published 01 Feb, 2017 12:00am
Ministry asked to review bills

Ministry asked to review bills

Senate Standing Committee on Law and Justice on asked the Ministry of Law and Justice to review 'The Pakistan Commissions of Inquiry Bill, 2016' and 'The National Accountability (Amendment) Bill, 2016' and resubmit them before the parliamentary body with
Published 01 Feb, 2017 12:00am
UAF, LDD sign MoU to restore backyard poultry

UAF, LDD sign MoU to restore backyard poultry

The University of Agriculture Faisalabad (UAF) and Livestock and Dairy Development Department (L&DD) Government of Punjab inked a Memorandum of Understanding for the joint efforts to restore the backyard poultry here on Tuesday. The MoU was meant for over
Published 01 Feb, 2017 12:00am
Prime Minister, CoAS discuss security situation

Prime Minister, CoAS discuss security situation

Chief of the Army Staff General Qamar Javed Bajwa called on Prime Minister Nawaz Sharif here at PM House on Tuesday. Matters pertaining to regional and national security were discussed during the meeting, said a PM's Office statement issued here.
Published 01 Feb, 2017 12:00am
FFC declares dividend of Rs 7.9 per share for 2016

FFC declares dividend of Rs 7.9 per share for 2016

Fauji Fertilizer Company Limited (FFC) has announced financial results for the year 2016 with declaration of dividend of Rs 7.90 per share for 2016. According to the details of the financial results (2016) released by the company here on Tuesday, the net
Published 01 Feb, 2017 12:00am
FFC declares dividend of Rs 7.9 per share for 2016

FFC declares dividend of Rs 7.9 per share for 2016

Fauji Fertilizer Company Limited (FFC) has announced financial results for the year 2016 with declaration of dividend of Rs 7.90 per share for 2016. According to the details of the financial results (2016) released by the company here on Tuesday, the net
Published 01 Feb, 2017 12:00am
Mamnoon distributes mobile App awards

Mamnoon distributes mobile App awards

President Mamnoon Hussain said that focus on Information Technology for stability of national economy was a must and use of IT was need of the hour to inform the young generation about modern learning and research trends. The President stated this on whil
Published 01 Feb, 2017 12:00am
Facts not disclosed in beginning of adjudication: Supreme Court

Facts not disclosed in beginning of adjudication: Supreme Court

The Supreme Court observed in Panamagate case on Tuesday that facts were not disclosed in the beginning of the adjudication and information is being furnished in different pieces before the court in the current matter. Resuming the hearing of the case, Ju
Published 01 Feb, 2017 12:00am
RTI Law: Senate body agrees on draft with some amendments

RTI Law: Senate body agrees on draft with some amendments

Senate Select Committee on Right to Information (RTI) Law has agreed on the draft of the much-delayed legislation with some amendments. The committee met in the chair of Pakistan People's Party Parliamentarians (PPP) Senator Farhatullah Babar here on Tues
Published 01 Feb, 2017 12:00am
Hafiz Saeed's detention in national interest: ISPR

Hafiz Saeed's detention in national interest: ISPR

Pakistan wants peaceful solutions to the disputes with India, but no compromise can be made on the dignity and honour of the country, Director General of Inter-Services Public Relations (ISPR), Major General Asif Ghafoor, said here on Tuesday. "Pakistan w
Published 01 Feb, 2017 12:00am
Certain key tax reform initiatives being considered by FBR

Certain key tax reform initiatives being considered by FBR

Some of the key tax reform initiatives being considered by the Federal Board of Revenue (FBR) are declaration of foreign assets owned by resident Pakistanis, reduction in cost of compliance, phasing out of final tax regime, speedy working of Alternative D
Published 01 Feb, 2017 12:00am
CPEC will not affect local industry: Punjab Governor

CPEC will not affect local industry: Punjab Governor

Malik Muhammad Rafique Rajwana, Governor Punjab has said that China-Pakistan Economic Corridor (CPEC) project is a game changer for Pakistan and it would not affect the local industry. He said Chinese authorities have assured they were interested in joint
Published 01 Feb, 2017 12:00am
All-parties Kashmir moot lambastes Indian forces' atrocities

All-parties Kashmir moot lambastes Indian forces' atrocities

Expressing solidarity with the people of the Occupied Kashmir, political leadership of the country through a declaration adopted on Tuesday condemned the persistent oppression by the occupation forces in the Indian-held Kashmir (IHK) and the continued det
Published 01 Feb, 2017 12:00am
Action initiated against Uber, Careem in Punjab, Sindh

Action initiated against Uber, Careem in Punjab, Sindh

After their massive success in Pakistan's major cities, online taxi-hailing services Uber, Careem and A-One were declared illegal by the Punjab Transport Department (PTD) on Tuesday. In a notice issued on January 27th, Secretary of Punjab Provincial Trans
Published 01 Feb, 2017 12:00am
Punjab PWD approves three schemes worth Rs 5213.598 million

Punjab PWD approves three schemes worth Rs 5213.598 million

The Punjab Provincial Development Working Party approved three development schemes of various sectors with an estimated cost of Rs 5213.598 million. These schemes were approved in the 49th meeting of Provincial Development Working Party (PDWP) of current
Published 01 Feb, 2017 12:00am
Nishat Group, SOC Films join hands

Nishat Group, SOC Films join hands

Nishat Group has joined hands with multiple award winning film house SOC Films to lend support to Saba Qaiser, the subject of the Oscar award winning documentary 'A Girl in the River: The Price of Forgiveness' and a victim of an attempted 'honour killing'
Published 01 Feb, 2017 12:00am
Minister urges civil society to safeguard minorities' rights

Minister urges civil society to safeguard minorities' rights

Provincial Minister for Human Rights and Minorities Affairs Khalil Tahir Sandhu has urged the civil society to adopt a mutual plan of action to safeguard the rights of minorities and to eliminate any possible exploitation in this regard. The Punjab govern
Published 01 Feb, 2017 12:00am
Government urged to reorganise taxation system

Government urged to reorganise taxation system

Finance Minister, Commerce Minister, Federal Board of Revenue and the representatives of processing sector will be brought to negotiation table to settle their differences, said Aamir Ata Bajwa, Senior Vice President Federation of Pakistan Chambers of Com
Published 01 Feb, 2017 12:00am
Meezan Bank management team visits HCBF

Meezan Bank management team visits HCBF

A delegation of senior management from Meezan Bank Ltd led by Dr Muhammad Ashraf Usmani, Group Head, Product Development Shariah Compliance, visited Hailey College of Banking & Finance (HCBF) on Tuesday. The delegation also included Faisal Iqbal, Executiv
Published 01 Feb, 2017 12:00am
Action initiated against three illegal housing schemes

Action initiated against three illegal housing schemes

Staff of Town planning and Metropolitan Planning Wings of Lahore Development Authority (LDA) carried out a joint operation against three illegal housing schemes and heavily damaged infrastructure at these sites besides demolishing two illegal buildings al
Published 01 Feb, 2017 12:00am
Aitzaz Ahsan says case won't be decided in PM's favour

Aitzaz Ahsan says case won't be decided in PM's favour

Senator Aitzaz Ahsan said on Tuesday that those who believe that Panama case is being decided in favour of the Prime Minister Nawaz Sharif are living in fools' paradise. He said the PML-N has been advocating from day one that London flats belong to Hussai
Published 01 Feb, 2017 12:00am
Pakisan embassy in Oman lauds OPC Punjab's efforts

Pakisan embassy in Oman lauds OPC Punjab's efforts

Embassy of Pakistan in Sultanate of Oman has acknowledged and appreciated the remarkable efforts of Overseas Pakistanis Commission (OPC) Punjab for rendering valuable services for expatriate Pakistanis. In a letter written by Community Welfare Attache, Em
Published 01 Feb, 2017 12:00am
2400 megawatts to be added to national grid by September

2400 megawatts to be added to national grid by September

Three LNG-based power plants in public sector would add 2400MW to the national grid by September this year, it has been learnt. Sources said here on Tuesday that those three LNG-based power plants include; Haveli Bahadur Shah LNG-based power plant, Ballok
Published 01 Feb, 2017 12:00am
Qawwal gunned down

Qawwal gunned down

Unidentified motorcyclists on Monday gunned down a Qawwal who was sitting outside his shop in Jaranwala. According to details, some unknown bikers opened indiscriminate firing in Satiana police station area and killed local Qawwal who was identified as Na
Published 01 Feb, 2017 12:00am
MoU signed: CAP declares LCCI a permanent venue for disputes settlement

MoU signed: CAP declares LCCI a permanent venue for disputes settlement

Constructors Association of Pakistan (CAP) and the Lahore Chamber of Commerce & Industry (LCCI) have signed a Memorandum of Understanding (MoU) by virtue of which the Association has declared LCCI as permanent venue for settlement of commercial, corporate
Published 01 Feb, 2017 12:00am
Need stressed to enhance Pakistan-Denmark trade volume

Need stressed to enhance Pakistan-Denmark trade volume

The Deputy Head of Danish Mission at Islamabad, Jakob Rogild Jakobsen has said that although trade volume between Pakistan and Denmark has been improving but this volume is not depicting the real potential and can be improved further as there are huge inv
Published 01 Feb, 2017 12:00am
Worst traffic congestion at The Mall

Worst traffic congestion at The Mall

A large number of commuters on Tuesday experienced a worst traffic congestion in the provincial metropolis as the supporters of a 'banned outfit' held protest demonstration against the federal and provincial governments demanding release of their leader p
Published 01 Feb, 2017 12:00am
FAFEN unveils plans for general election 2018

FAFEN unveils plans for general election 2018

Free and Fair Election Network (FAFEN) has revealed its plans for observing electoral processes for the next general election 2018, by mobilising more than 22,000 trained non-partisan citizen observers in all National Assembly constituencies.
Published 01 Feb, 2017 12:00am
5 women among 11 killed as coach falls into ravine

5 women among 11 killed as coach falls into ravine

At least eleven people including five women and two children were killed and fourteen others injured when Mardan bound coach fell into a deep ravine near Shaheed Morr on Malakand Pass Tuesday. The ill fated coach bearing registration number PWR E-61306 wa
Published 01 Feb, 2017 12:00am
Protests after government detains Hafiz Saeed

Protests after government detains Hafiz Saeed

Supporters of JUD leader Hafiz Saeed staged small protests on Tuesday and condemned the United States, after police detained the accused architect of an attack on the Indian city of Mumbai that killed 166 people in 2008. Saeed was held late on Monday at t
Published 01 Feb, 2017 12:00am
SECP releases five-year performance of private pension funds

SECP releases five-year performance of private pension funds

Private pension funds were introduced in 2007 under the 2005 Voluntary Pension System Rules. At present, there are 17 pension funds, out of which 9 are Sharia-compliant and 8 are conventional. They are managed by 9 experienced pension fund managers. They
Published 01 Feb, 2017 12:00am
Khattak orders auction of KP's property in Punjab

Khattak orders auction of KP's property in Punjab

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed the concerned authorities to dispose of the public property of the Khyber Pakhtunkhwa government in Punjab. A proposal covering all aspects of the land should be sent to the Chief Minister Secr
Published 01 Feb, 2017 12:00am
Nisar takes notice of delay in Nadra office construction

Nisar takes notice of delay in Nadra office construction

Interior Minister Chaudhry Nisar Ali Khan on Tuesday took notice of irregularities and undue delay in construction of National Database and Registration Authority (Nadra) office in Peshawar, causing millions of rupees loss to national exchequer.
Published 01 Feb, 2017 12:00am
Huge oil, gas reserves discovered in Hangu

Huge oil, gas reserves discovered in Hangu

A huge oil and gas reserve has been discovered in Hangu district. Sources of Sui Northern Gas Limited on Tuesday said that about four thousand barrels oil and forty five thousand cubic feet natural gas are extracted obtained from the reserve daily. Effort
Published 01 Feb, 2017 12:00am
Senate body annoyed over delay in expansion of Parliament Lodges

Senate body annoyed over delay in expansion of Parliament Lodges

A parliamentary body expressed annoyance over inordinate delay in construction of additional block of Parliament Lodges on Tuesday and asked Capital Development Authority (CDA) and contractor to come up with a way forward in the next meeting to complete t
Published 01 Feb, 2017 12:00am
Helen Brand visits PSX

Helen Brand visits PSX

The Chief Executive of the ACCA, Helen Brand on Tuesday visited Pakistan Stock Exchange and attended the gong ceremony. Helen Brand rang the traditional opening bell at the main trading hall of the Pakistan Stock Exchange.
Published 01 Feb, 2017 12:00am
Cloth warehouse fire causes huge losss

Cloth warehouse fire causes huge losss

According to details, fire broke out at a cloth godown in Orangi Town No-1 area on Monday night which spread very quickly and engulfed the entire godown. Three vehicles of fire brigade and rescue teams reached the spot and brought the fire under control a
Published 01 Feb, 2017 12:00am
Customs values of Ethyl, Methyl and Sec Butyl Acetate revised

Customs values of Ethyl, Methyl and Sec Butyl Acetate revised

Directorate General Customs Valuations (DGCV) has revised the customs values of Ethyl Acetate, Methyl Acetate and Sec Butyl Acetate under Section 25-A of the Customs Act 1969. According to details, the values of the Ethyl Acetate were earlier determined u
Published 01 Feb, 2017 12:00am
Ground-breaking ceremony of NCEPS held at NED

Ground-breaking ceremony of NCEPS held at NED

Supported by the Petroleum Institute of Pakistan (PIP) - a representative body for the oil & gas industry, the ground-breaking ceremony of first ever Norwegian Centre of Excellence in Petroleum Studies (NCEPS) was held at Department of Petroleum Engineeri
Published 01 Feb, 2017 12:00am
SECMC, IBA sign MoU to train Thar's engineers

SECMC, IBA sign MoU to train Thar's engineers

With an aim to produce high quality human resource from area with the lowest human development indicators, Sindh Engro Coal Mining Company (SECMC) and Institute of Business Administration (IBA) Karachi has signed a Memorandum of Understanding (MoU) to imp
Published 01 Feb, 2017 12:00am
MRM Traders, Sencor sign agreement

MRM Traders, Sencor sign agreement

MRM Traders-a leading distributor of consumer electronics has signed an agreement with Sencor-a world-wide manufacturer of consumer electronics products. The agreement consists of distributing small home appliances to Pakistan Market. Being its exclusive
Published 01 Feb, 2017 12:00am
Government must opt for renewable energy: PBIF president

Government must opt for renewable energy: PBIF president

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has urged the government to focus on taping renewable sources of energy because the price of solar power has fallen by 50 percent in 16 months while the price of LNG is al
Published 01 Feb, 2017 12:00am
LG announces 2016 operating profit of $1.16 billion

LG announces 2016 operating profit of $1.16 billion

LG Electronics Inc (LG) has announced a 2016 operating profit of KRW 1.34 trillion (USD 1.16 billion), 12.2 percent increase from 2015 due in large part to strong performance by home appliances, air solutions and home entertainment. For full-year 2016, LG
Published 01 Feb, 2017 12:00am
LG announces 2016 operating profit of $1.16 billion

LG announces 2016 operating profit of $1.16 billion

LG Electronics Inc (LG) has announced a 2016 operating profit of KRW 1.34 trillion (USD 1.16 billion), 12.2 percent increase from 2015 due in large part to strong performance by home appliances, air solutions and home entertainment. For full-year 2016, LG
Published 01 Feb, 2017 12:00am
APNS office-bearers condole

APNS office-bearers condole

Sarmad Ali, President and Umer Mujib Shami, Secretary General of the All Pakistan Newspapers Society have expressed profound grief on behalf of APNS office bearers and members of the Executive Committee on the sad demise of Naseem Anwer, sister of Tanvir
Published 01 Feb, 2017 12:00am
Lasbela CCI president opposes ban on Careem, Uber

Lasbela CCI president opposes ban on Careem, Uber

President, Lasbela Chamber of Commerce and Industry (LCCI), Ismail Suttar has strongly objected to the ban on Uber and Careem car services. "Careem and Uber started their services in Pakistan in 2015. Now, government is imposing ban on them, why," he aske
Published 01 Feb, 2017 12:00am
Lasbela CCI president opposes ban on Careem, Uber

Lasbela CCI president opposes ban on Careem, Uber

President, Lasbela Chamber of Commerce and Industry (LCCI), Ismail Suttar has strongly objected to the ban on Uber and Careem car services. "Careem and Uber started their services in Pakistan in 2015. Now, government is imposing ban on them, why," he aske
Published 01 Feb, 2017 12:00am
Momentum tech conference, exhibition to begin on February 6

Momentum tech conference, exhibition to begin on February 6

Two-day momentum tech conference and exhibition will be held on February 6th and 7th, 2017 at Expo Center Karachi While, addressing a press conference at Karachi Press Club here on Tuesday, Syed Amir Jafri, Momentum Pakistan's Co-founder and CEO said that
Published 01 Feb, 2017 12:00am
American artists complete new mural at PACC

American artists complete new mural at PACC

As many as 150 artists, students, and arts community members gathered at Pakistan American Cultural Center (PACC) on Tuesday for the dedication of a mural designed and painted by American artists.
Published 01 Feb, 2017 12:00am
Three alleged criminals arrested

Three alleged criminals arrested

A man was killed while two accused have been arrested here on Tuesday, police claimed. According to police, a man identified as Mehtab Ahmad son of Fazal Ahmed aged 60, found dead inside a house in Zafar Town near Quaidabad in the jurisdictions of Shah La
Published 01 Feb, 2017 12:00am
Atlas Honda Limited

Atlas Honda Limited

The Atlas Group was founded with the incorporation of an investment company called Shirazi investments back in 1962 with an initial capital of Rs 500,000. Later that year, a technical collaboration agreement was signed with Honda Motors Company Limited (H
Published 01 Feb, 2017 12:00am
Atlas Honda Limited

Atlas Honda Limited

The Atlas Group was founded with the incorporation of an investment company called Shirazi investments back in 1962 with an initial capital of Rs 500,000. Later that year, a technical collaboration agreement was signed with Honda Motors Company Limited (H
Published 01 Feb, 2017 12:00am
Pakistan's debt: putting the record straight
Currency

Pakistan's debt: putting the record straight

Economic indicators are always open to interpretation and debate. Some analyse these numbers objectively whereas others fall prey to their biases. In the latter case, analysts gather and present only selective information and analyze it on the basis of th
Published 01 Feb, 2017 12:00am
Unchecked growth of Karachi wrecked infrastructure: Murad Ali Shah

Unchecked growth of Karachi wrecked infrastructure: Murad Ali Shah

Sindh Chief Minister Syed Murad Ali Shah has said that the unchecked growth of Karachi has created a lot of problems such as ruining infrastructure, emergence of slums along the storm water drains that had created worst law and order situation. This he sa
Published 01 Feb, 2017 12:00am
Unchecked growth of Karachi wrecked infrastructure: Murad Ali Shah

Unchecked growth of Karachi wrecked infrastructure: Murad Ali Shah

Sindh Chief Minister Syed Murad Ali Shah has said that the unchecked growth of Karachi has created a lot of problems such as ruining infrastructure, emergence of slums along the storm water drains that had created worst law and order situation. This he sa
Published 01 Feb, 2017 12:00am
40 held during search operation

40 held during search operation

A search operation against the suspects continued in the provincial metropolis for second consecutive day and the police took some 40 citizens into custody on Monday night. The police held search operation in the Iqbal Town division with a strict checking
Published 01 Feb, 2017 12:00am
Indo-Pak trade plummets by Rs 37 billion

Indo-Pak trade plummets by Rs 37 billion

Modi's combative policies towards Pakistan have affected economic ties as bilateral trade plummeted by Rs 37 billion in three years. Talks on trade have been suspended for four years owing to unfavourable political environment. Last sitting aimed at norma
Published 01 Feb, 2017 12:00am
Dense fog envelopes parts of Punjab, KP

Dense fog envelopes parts of Punjab, KP

Heavy fog gripped parts of Punjab and Khyber Pakhtunkhwa (KP) on Tuesday. According to details, the dense fog has badly disrupted traffic flow in Lahore whereas the visibility has dropped to zero in Sheikhupura, Pindi Bhattian, Faisalabad, Pattoki, Sahiwa
Published 01 Feb, 2017 12:00am
Lack of grid puts 2500 megawatts projects dysfunctional, CM tells PA

Lack of grid puts 2500 megawatts projects dysfunctional, CM tells PA

Sindh chief minister Syed Murad Ali Shah has told the Sindh Assembly on Tuesday that some power projects aimed at 2500 megawatt electricity stand dysfunctional due to lack of grid that is essential to receive the power transmission. Expressing his views o
Published 01 Feb, 2017 12:00am
Regularisation scheme for GB-registered companies launched

Regularisation scheme for GB-registered companies launched

The Securities and Exchange Commission of Pakistan (SECP) has launched Companies Regularization Scheme (CRS) for the companies registered in Gilgit Baltistan to file their overdue returns on payment of normal fee as prescribed under sixth schedule of the
Published 01 Feb, 2017 12:00am
Nato, Trump both want dialogue with Russia: Stoltenberg

Nato, Trump both want dialogue with Russia: Stoltenberg

US President Donald Trump and Nato both agree on the need for dialogue with Russia from a position of strength, alliance chief Jens Stoltenberg said Tuesday. Trump has badly rattled Europe with his softer line on Moscow and by calling into question Washin
Published 01 Feb, 2017 12:00am
Japan 'space junk' collector in trouble

Japan 'space junk' collector in trouble

An experimental 'space junk' collector designed to pull rubbish from the Earth's orbit has run into trouble, Japanese scientists said Tuesday, potentially a new embarrassment for Tokyo's high-tech programme. Over 100 million pieces of garbage are thought
Published 01 Feb, 2017 12:00am
Cyprus not ready for another peace conference

Cyprus not ready for another peace conference

Ground still needs to be covered until the Cyprus peace process can be put back on the international stage as it was in Geneva this month, a UN envoy said Tuesday. UN envoy Espen Barth Eide criss-crossed the island's UN-patrolled cease-fire line on the ev
Published 01 Feb, 2017 12:00am
EU's Tusk warns of Trump 'threat'

EU's Tusk warns of Trump 'threat'

EU chief Donald Tusk warned on Tuesday that US President Donald Trump's administration was a "threat" facing the bloc along with China, Russia and radical Islam. In a strongly worded letter to EU leaders ahead of a summit in Malta, Tusk said the bloc must
Published 01 Feb, 2017 12:00am
Iran warns US against creating tensions over missiles

Iran warns US against creating tensions over missiles

Iran on Tuesday warned the United States against fuelling tensions over its ballistic missile tests as the UN Security Council prepared for urgent talks on the issue at Washington's request. The row comes against a backdrop of already-strained relations o
Published 01 Feb, 2017 12:00am
UNICEF launches $3.3 billion appeal amid de-funding fears

UNICEF launches $3.3 billion appeal amid de-funding fears

The UN children's agency on Tuesday launched an appeal for $3.3 billion to help 48 million children caught up in crises world-wide amid fears of a funding cut from top donor the United States. Some 42 percent of the UNICEF appeal for 2017 - $1.4 billion -
Published 01 Feb, 2017 12:00am