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Archive - 2017-02-08
Alexei Navalny: Russian crusader who took on Putin
Europe

Alexei Navalny: Russian crusader who took on Putin

MOSCOW: Anti-corruption campaigner Alexei Navalny shot to the head of Russia's opposition as one of the leaders of the biggest protests against Vladimir Putin's rule, drawing the wrath of the authorities.
Published 08 Feb, 2017 04:08pm
President AJK seeks EU's help to mobilize UN for solution of Kashmir issue
Pakistan Top News

President AJK seeks EU's help to mobilize UN for solution of Kashmir issue

ISLAMABAD: President AJK Sardar Masood Khan has said that the European Union with its long history of upholding values of human rights must render help in mobilizing UN to take expeditious initiatives for checking human rights violations in Indian occupie
Published 08 Feb, 2017 03:52pm
Government focus is on education: Ahsan Iqbal
Pakistan Top News

Government focus is on education: Ahsan Iqbal

KARACHI: The focus of the present government of Prime Minister Nawaz Sharif is on education and its reformation and improvement, said Federal Minister for Planning and Development, Ahsan Iqbal.
Published 08 Feb, 2017 03:34pm
France's Fillon makes appeal to voters, retains party backing
World Top News

France's Fillon makes appeal to voters, retains party backing

PARIS: Conservative French presidential candidate Francois Fillon appealed to voters on Wednesday via a newspaper column to back his campaign, trying to claw back support after losing his place as frontrunner over accusations of fake jobs for his family.
Published 08 Feb, 2017 02:06pm
EU softens proposal on extension of Chinese solar duties
World

EU softens proposal on extension of Chinese solar duties

BRUSSELS: The European Commission has proposed extending import duties on solar panels from China by 18 months, a shorter period than initially planned, and with a gradual phase-out, Commission Vice President Frans Timmermans said on Wednesday.
Published 08 Feb, 2017 02:04pm
Wisdom Of Old by Jalal Sepehr
Featured Photos

Wisdom Of Old by Jalal Sepehr

Photo Credit: Jalal Sepehr%D%AJalal Sepehr Combines Fine Art Photography and Persian Rugs%D%AJalal Sepehr is a talented self-taught photographer and artist, who was born in Tehran, Iran in 1968, where he still lives and works.
Published 08 Feb, 2017 01:54pm
Utopian Peak by Magomed Shapiev
Featured Photos

Utopian Peak by Magomed Shapiev

Photo Credit: Magomed Shapiev%D%AMagomed Shapiev Captures The Beauty of Dagestan, North Caucasus Republic%D%AMagomed Shapiev is a talented 24-year-old self-taught staff photographer at Dagestans presidential press office and popular instagram user based i
Published 08 Feb, 2017 01:45pm
Embryonic by Julia Cosmo
Featured Photos

Embryonic by Julia Cosmo

Photo Credit: Julia Cosmo%D%AJulia Cosmo is a talented former designer, photographer, retoucher, painter and educator based in Moscow, Russia.
Published 08 Feb, 2017 01:22pm
Strike A Pose by James Creel
Featured Photos

Strike A Pose 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 08 Feb, 2017 12:36pm
Sehwag reignites Wasim-Waqar rivalry
Cricket

Sehwag reignites Wasim-Waqar rivalry

Pakistan bowling legend Waqar Younis has dismissed fellow fast bowler Wasim Akrams statement regarding the alleged incident between the two, which eventually led to Indian spinner Anil Kumble grab a 10-wicket haul.
Published 08 Feb, 2017 12:05pm
Karachi belongs to PTI, claims Imran Khan
Front Top News

Karachi belongs to PTI, claims Imran Khan

KARACHI: Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan has said on Wednesday that MQM had destroyed the politics of Karachi.
Published 08 Feb, 2017 11:06am
Point & Look by Mari Stromsbo
Featured Photos

Point & Look by Mari Stromsbo

Photo Credit: Mari Stromsbo%D%AMari Stromsbo Gjorv is a talented photographer and student from Kristiansand, currently based in Oslo, Norway.
Published 08 Feb, 2017 10:49am
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed lower on Wednesday having 49853.
Published 08 Feb, 2017 10:49am
Blind T20 World Cup: Pakistan breaks own record
Cricket

Blind T20 World Cup: Pakistan breaks own record

Pakistan Blind Cricket Team record their eighth consecutive win at the ongoing T20 World Cup for Blind Cricket, after they thrashed West Indian by 182 runs, at Karnataka State Cricket Association Ground, India on Wednesday.
Published 08 Feb, 2017 09:50am
L.A Bridges by Dylan Schwartz
Featured Photos

L.A Bridges by Dylan Schwartz

Photo Credit: Dylan Schwartz%Dylan Schwartz is a superb talented art director, designer, filmmaker and photographer from Los Angeles, who currently works at Saatchi & Saatchi.
Published 08 Feb, 2017 09:47am
PSL II: 'My time will come,' says Imad Wasim
Cricket

PSL II: 'My time will come,' says Imad Wasim

Pakistan all-rounder Imad Wasim has expressed high hopes with the upcoming second edition of the Pakistan Super League, which is scheduled to begin tomorrow (Thursday) at Dubai.
Published 08 Feb, 2017 09:04am
Cherry-Kissed by Dennis The Prescott
Featured Photos

Cherry-Kissed by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescott was born in Canada, is a chef and food author.
Published 08 Feb, 2017 08:35am
Parasitic Livin' by Davey Gravy
Featured Photos

Parasitic Livin' by Davey Gravy

Photo Credit: Davey Gravy %Davey Gravy is a talented self-taught photographer, filmmaker, painter and artist based in Calgary, Alberta, Canada.
Published 08 Feb, 2017 08:15am
Shanghai stocks rise to near one-month high
Financial

Shanghai stocks rise to near one-month high

SHANGHAI: Shanghai stocks rose to a near one-month high on Wednesday, as a strong rally in financial shares erased initial worries stemming from data showing the nation's foreign exchange reserves fell below a psychological level.
Published 08 Feb, 2017 08:03am
China invites Britain to attend new Silk Road summit
Asia

China invites Britain to attend new Silk Road summit

BEIJING/LONDON: China has invited British Prime Minister Theresa May to attend a major summit in May on its "One Belt, One Road" initiative to build a new Silk Road, diplomatic sources told Reuters, as London said she would visit China this year.
Published 08 Feb, 2017 08:01am
Volkswagen enters the zero-emission car race!
Technology

Volkswagen enters the zero-emission car race!

World-renowned vehicle manufacturing company, Volkswagen on Tuesday just announced a U.S subsidiary that would see to its $2 billion investment in zero emission vehicular infrastructures and an awareness program stretching over a decade as part of a court
Published 08 Feb, 2017 07:49am
Indian Batsman hits triple century in T20
Cricket

Indian Batsman hits triple century in T20

NEW DELHI: A little-known batsman made headlines across India on Wednesday after scoring an unbeaten triple century in a Twenty20 match, a knock which included a staggering 39 sixes.
Published 08 Feb, 2017 07:48am
Oil market 'responding positively' to output cut
Energy

Oil market 'responding positively' to output cut

DOHA: Qatar's energy minister, the current OPEC president, said world oil markets were "responding positively" to output cuts implemented by the cartel and some non-cartel producers.
Published 08 Feb, 2017 07:34am
Trump tells Spanish leader he backs NATO
North America

Trump tells Spanish leader he backs NATO

WASHINGTON: President Donald Trump told Spain's leader Mariano Rajoy on Tuesday that the United States is committed to NATO, the White House said, despite his past criticism of the transatlantic military alliance.
Published 08 Feb, 2017 07:26am
Questions raised over growing Chinese ingress
Business & Finance

Questions raised over growing Chinese ingress

MUSHTAQ GHUMMAN%D%A%D%AISLAMABAD: Commerce Ministry and Trade Development Authority of Pakistan (TDAP) on Tuesday engaged in a fracas on incentives given to China under the China Pakistan Economic Corridor (CPEC) and Free Trade Agreement (FTA).
Published 08 Feb, 2017 07:01am
Trump vows NATO support in call with Erdogan
Front Top News

Trump vows NATO support in call with Erdogan

WASHINGTON: President Donald Trump promised his Turkish counterpart Recep Tayyip Erdogan on Tuesday that the United States is committed to NATO, the White House said, despite his past criticism of the transatlantic military alliance.
Published 08 Feb, 2017 06:33am
Trump administration defends travel ban in court
Front Top News

Trump administration defends travel ban in court

LOS ANGELES: The US Justice Department faced tough questioning Tuesday as it urged a court of appeals to reinstate President Donald Trump's travel ban targeting citizens of seven Muslim-majority countries, put on hold in a legal challenge last week.
Published 08 Feb, 2017 06:31am
War on cash
Miscellaneous

War on cash

Announcing zero duties on digital transactions, the latest Indian budget suggests a continuation of Modi governments cashless push.
Published 08 Feb, 2017 06:05am
Engro Polymer's turnaround
Miscellaneous

Engro Polymer's turnaround

After two years of consecutive losses, 2016 has been the turnaround year for Engro Polymer & Chemicals Limited (PSX: EPCL).
Published 08 Feb, 2017 06:02am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (February 07, 2017).

Published 08 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (February 07, 2017).

Published 08 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (February 07, 2017).

Published 08 Feb, 2017 12:00am
British police say PIA jet diverted because of disruptive passenger

British police say PIA jet diverted because of disruptive passenger

A Pakistan International Airlines (PIA) aircraft which was intercepted and escorted by fighter jets to Stansted airport north-east of London was diverted because of reports of a disruptive passenger, British police said on Tuesday. "This is not believed t
Published 08 Feb, 2017 12:00am
US tight-lipped as Israel settler law sparks world outrage

US tight-lipped as Israel settler law sparks world outrage

The United States was conspicuously tight-lipped Tuesday amid a world outcry over a new Israeli law allowing the appropriation of private Palestinian land for Jewish settler outposts. The United Nations, the European Union and the Arab League were just so
Published 08 Feb, 2017 12:00am
Scottish parliament votes overwhelmingly against Brexit bill

Scottish parliament votes overwhelmingly against Brexit bill

The Scottish parliament, in a symbolic motion, voted overwhelmingly on Tuesday to reject Britain's march towards the EU exit, with the semi-autonomous government warning Scotland would not be "humiliated".The Scottish government said the vote - backed by
Published 08 Feb, 2017 12:00am
Bulls rule the roost
Currency

Bulls rule the roost

Bullish trend continued on Pakistan Stock Exchange on the back of healthy buying in various sectors and the benchmark KSE-100 index increased by 229.35 points to close at 49,859.39 points on Tuesday. The market opened on strong positive note on the back o
Published 08 Feb, 2017 12:00am
Bulls rule the roost
Currency

Bulls rule the roost

Bullish trend continued on Pakistan Stock Exchange on the back of healthy buying in various sectors and the benchmark KSE-100 index increased by 229.35 points to close at 49,859.39 points on Tuesday. The market opened on strong positive note on the back o
Published 08 Feb, 2017 12:00am
Bulls rule the roost
Currency

Bulls rule the roost

Bullish trend continued on Pakistan Stock Exchange on the back of healthy buying in various sectors and the benchmark KSE-100 index increased by 229.35 points to close at 49,859.39 points on Tuesday. The market opened on strong positive note on the back o
Published 08 Feb, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Feb, 2017 12:00am
BRIndex30 gains 208 points

BRIndex30 gains 208 points

On Tuesday, BRIndex30 opened at 28,739.41 points. It touched an intraday high of 29,062.05 points and an intraday low of 28,717.38 points and closed at 28,947.41 points which was 208 points or 0.72 percent higher than previous close. Total volume was 251,
Published 08 Feb, 2017 12:00am
BRIndex30 gains 208 points

BRIndex30 gains 208 points

On Tuesday, BRIndex30 opened at 28,739.41 points. It touched an intraday high of 29,062.05 points and an intraday low of 28,717.38 points and closed at 28,947.41 points which was 208 points or 0.72 percent higher than previous close. Total volume was 251,
Published 08 Feb, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Feb, 2017 12:00am
Questions raised over growing Chinese 'ingress'
Currency

Questions raised over growing Chinese 'ingress'

Commerce Ministry and Trade Development Authority of Pakistan (TDAP) on Tuesday engaged in a fracas on incentives given to China under the China Pakistan Economic Corridor (CPEC) and Free Trade Agreement (FTA). The unpleasant scenario was witnessed at a m
Published 08 Feb, 2017 12:00am
Questions raised over growing Chinese 'ingress'
Currency

Questions raised over growing Chinese 'ingress'

Commerce Ministry and Trade Development Authority of Pakistan (TDAP) on Tuesday engaged in a fracas on incentives given to China under the China Pakistan Economic Corridor (CPEC) and Free Trade Agreement (FTA). The unpleasant scenario was witnessed at a m
Published 08 Feb, 2017 12:00am
Questions raised over growing Chinese ''ingress''
Currency

Questions raised over growing Chinese ''ingress''

Commerce Ministry and Trade Development Authority of Pakistan (TDAP) on Tuesday engaged in a fracas on incentives given to China under the China Pakistan Economic Corridor (CPEC) and Free Trade Agreement (FTA). The unpleasant scenario was witnessed at a m
Published 08 Feb, 2017 12:00am
Government seeks to boost women's participation in politics

Government seeks to boost women's participation in politics

In a bid to increase participation of women as voters and candidates in elections, the government on Tuesday decided that political parties would be required to allot five percent tickets to women candidates. Briefing media after a cabinet meeting chaired
Published 08 Feb, 2017 12:00am
Government seeks to boost women's participation in politics

Government seeks to boost women's participation in politics

In a bid to increase participation of women as voters and candidates in elections, the government on Tuesday decided that political parties would be required to allot five percent tickets to women candidates. Briefing media after a cabinet meeting chaired
Published 08 Feb, 2017 12:00am
CPEC projects: Shahbaz briefed about security arrangements

CPEC projects: Shahbaz briefed about security arrangements

Commandant Special Security Division (SSD) Major General Abid Rafique called on Chief Minister Punjab Shehbaz Sharif and informed him about security arrangements of Pak-China Economic Corridor (CPEC) projects. The Chief Minister expressed satisfaction ove
Published 08 Feb, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (February 07, 2017).

Published 08 Feb, 2017 12:00am
First victims of Mumbai attacks declared dead 8 years on

First victims of Mumbai attacks declared dead 8 years on

Three fishermen believed to be the first victims of the Mumbai attacks have been declared dead by an Indian court, more than eight years after the assault which killed over 160 people. The ruling in the civil court in the western state of Gujarat means th
Published 08 Feb, 2017 12:00am
There is a complete ban on Basant: Shahbaz

There is a complete ban on Basant: Shahbaz

Chief Minister Punjab Shehbaz Sharif here Tuesday has said that there is a complete ban on Basant and it will stay. He said nobody will be allowed to play with the lives of the people in the name of Basant. He said strict implementation of the law prohibi
Published 08 Feb, 2017 12:00am
Most US aid groups working abroad hobbled by banking barriers

Most US aid groups working abroad hobbled by banking barriers

Most US aid groups working abroad face the unintended consequences of US banking regulations aimed at preventing terrorist financing, just as the number of people displaced worldwide has reached record levels, according to a survey published on Tuesday. T
Published 08 Feb, 2017 12:00am
Government to issue 'red warrant' for Altaf

Government to issue 'red warrant' for Altaf

The federal government on Tuesday approved issuance of 'red warrant' for Muttahida Qaumi Movement (MQM) founder Altaf Hussain to bring him back to Pakistan for recording his statements in various cases registered against him. An official source said that
Published 08 Feb, 2017 12:00am
Government to issue 'red warrant' for Altaf

Government to issue 'red warrant' for Altaf

The federal government on Tuesday approved issuance of 'red warrant' for Muttahida Qaumi Movement (MQM) founder Altaf Hussain to bring him back to Pakistan for recording his statements in various cases registered against him. An official source said that
Published 08 Feb, 2017 12:00am
THE RUPEE: rates unmoved
Currency

THE RUPEE: rates unmoved

The rupee managed to hold overnight levels against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee traded in a narrow range versus the dollar for buying and selling at Rs 104.81 and Rs 104.82 respectively.
Published 08 Feb, 2017 12:00am
Huge discrepancy in population data: National Assembly body told

Huge discrepancy in population data: National Assembly body told

Chief Commissioner Census, Pakistan Bureau of Statistics, Asif Bajwa has pointed out huge discrepancy in the population data and stated that according to NADRA data, as opposed to last year's Economic Survey, there are 60 million people missing in the cou
Published 08 Feb, 2017 12:00am
THE RUPEE: rates unmoved
Currency

THE RUPEE: rates unmoved

The rupee managed to hold overnight levels against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee traded in a narrow range versus the dollar for buying and selling at Rs 104.81 and Rs 104.82 respectively.
Published 08 Feb, 2017 12:00am
Huge discrepancy in population data: National Assembly body told

Huge discrepancy in population data: National Assembly body told

Chief Commissioner Census, Pakistan Bureau of Statistics, Asif Bajwa has pointed out huge discrepancy in the population data and stated that according to NADRA data, as opposed to last year's Economic Survey, there are 60 million people missing in the cou
Published 08 Feb, 2017 12:00am
Ankara mayor warns of 'manmade quake' threat

Ankara mayor warns of 'manmade quake' threat

Ankara's outspoken mayor on Tuesday warned that outside forces could be using sophisticated technology to try to trigger a manmade earthquake in a deliberate bid to harm Turkey's fragile economy. Melih Gokcek, who has been mayor of the Turkish capital sin
Published 08 Feb, 2017 12:00am
Ankara mayor warns of 'manmade quake' threat

Ankara mayor warns of 'manmade quake' threat

Ankara's outspoken mayor on Tuesday warned that outside forces could be using sophisticated technology to try to trigger a manmade earthquake in a deliberate bid to harm Turkey's fragile economy. Melih Gokcek, who has been mayor of the Turkish capital sin
Published 08 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 07, 2017).

Published 08 Feb, 2017 12:00am
Meeting to review sugar price

Meeting to review sugar price

Commerce Minister Engineer Khurram Dastgir Khan has convened a meeting of inter-ministerial committee on Wednesday (today) to review the price of sugar in the country. Official sources told Business Recorder the Economic Co-ordination Committee of
Published 08 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 07, 2017).

Published 08 Feb, 2017 12:00am
Meeting to review sugar price

Meeting to review sugar price

Commerce Minister Engineer Khurram Dastgir Khan has convened a meeting of inter-ministerial committee on Wednesday (today) to review the price of sugar in the country. Official sources told Business Recorder the Economic Co-ordination Committee of
Published 08 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 (February 07, 2017).

Published 08 Feb, 2017 12:00am
Meeting to review sugar price

Meeting to review sugar price

Commerce Minister Engineer Khurram Dastgir Khan has convened a meeting of inter-ministerial committee on Wednesday (today) to review the price of sugar in the country. Official sources told Business Recorder the Economic Co-ordination Committee of
Published 08 Feb, 2017 12:00am
4 projects, including Kachi canal, worth Rs 142 billion approved by CDWP

4 projects, including Kachi canal, worth Rs 142 billion approved by CDWP

The Central Development Working Party ( CDWP) approved four significant projects of worth Rs 142 billion which includes Kachi canal project, dualization & improvement of old Bannu road, dualisation & improvement of Indus Highway (N-55), and integration of
Published 08 Feb, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (February 07, 2017)

Published 08 Feb, 2017 12:00am
4 projects, including Kachi canal, worth Rs 142 billion approved by CDWP

4 projects, including Kachi canal, worth Rs 142 billion approved by CDWP

The Central Development Working Party ( CDWP) approved four significant projects of worth Rs 142 billion which includes Kachi canal project, dualization & improvement of old Bannu road, dualisation & improvement of Indus Highway (N-55), and integration of
Published 08 Feb, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (February 07, 2017).

Published 08 Feb, 2017 12:00am
4 projects, including Kachi canal, worth Rs 142 billion approved by CDWP

4 projects, including Kachi canal, worth Rs 142 billion approved by CDWP

The Central Development Working Party ( CDWP) approved four significant projects of worth Rs 142 billion which includes Kachi canal project, dualization & improvement of old Bannu road, dualisation & improvement of Indus Highway (N-55), and integration of
Published 08 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 08 Feb, 2017 12:00am
Government accused of devouring 90 percent liquidity of banks

Government accused of devouring 90 percent liquidity of banks

The government on Tuesday was accused of borrowing 90 percent liquidity of the commercial banks and leaving nothing for disbursement to agriculture and other sectors after the issue of high mark-up on agriculture sector despite low policy rate came under
Published 08 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 08 Feb, 2017 12:00am
Government accused of devouring 90 percent liquidity of banks

Government accused of devouring 90 percent liquidity of banks

The government on Tuesday was accused of borrowing 90 percent liquidity of the commercial banks and leaving nothing for disbursement to agriculture and other sectors after the issue of high mark-up on agriculture sector despite low policy rate came under
Published 08 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (February 07, 2017).

Published 08 Feb, 2017 12:00am
Government accused of devouring 90 percent liquidity of banks

Government accused of devouring 90 percent liquidity of banks

The government on Tuesday was accused of borrowing 90 percent liquidity of the commercial banks and leaving nothing for disbursement to agriculture and other sectors after the issue of high mark-up on agriculture sector despite low policy rate came under
Published 08 Feb, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (February 07, 2017) and the forecast for Tuesday (February 08, 2017).

Published 08 Feb, 2017 12:00am
SBP rejects money laundering allegations

SBP rejects money laundering allegations

The State Bank of Pakistan on Tuesday categorically rejected allegations of involvement in money laundering. Referring to the statements made by member National Assembly Asad Umar, during a meeting of the National Assembly Standing Committee on Finance, R
Published 08 Feb, 2017 12:00am
SBP rejects money laundering allegations

SBP rejects money laundering allegations

The State Bank of Pakistan on Tuesday categorically rejected allegations of involvement in money laundering. Referring to the statements made by member National Assembly Asad Umar, during a meeting of the National Assembly Standing Committee on Finance, R
Published 08 Feb, 2017 12:00am
SBP rejects money laundering allegations

SBP rejects money laundering allegations

The State Bank of Pakistan on Tuesday categorically rejected allegations of involvement in money laundering. Referring to the statements made by member National Assembly Asad Umar, during a meeting of the National Assembly Standing Committee on Finance, R
Published 08 Feb, 2017 12:00am
Qatar Petroleum joins consortium to develop LNG project

Qatar Petroleum joins consortium to develop LNG project

State-owned energy company Qatar Petroleum (QP) has joined an international consortium of major U.S., European and Japanese energy companies to develop a liquefied natural gas (LNG) import project in Pakistan. The consortium, which includes U.S. ExxonMobi
Published 08 Feb, 2017 12:00am
Qatar Petroleum joins consortium to develop LNG project

Qatar Petroleum joins consortium to develop LNG project

State-owned energy company Qatar Petroleum (QP) has joined an international consortium of major U.S., European and Japanese energy companies to develop a liquefied natural gas (LNG) import project in Pakistan. The consortium, which includes U.S. ExxonMobi
Published 08 Feb, 2017 12:00am
Qatar Petroleum joins consortium to develop LNG project

Qatar Petroleum joins consortium to develop LNG project

State-owned energy company Qatar Petroleum (QP) has joined an international consortium of major U.S., European and Japanese energy companies to develop a liquefied natural gas (LNG) import project in Pakistan. The consortium, which includes U.S. ExxonMobi
Published 08 Feb, 2017 12:00am
Russia calls regional conference on Afghanistan

Russia calls regional conference on Afghanistan

Russia on Tuesday said it was convening a conference of leading regional powers on Afghanistan and pushed again for talks with the Taliban. Foreign Minister Sergei Lavrov confirmed Moscow would host a meeting in mid-February with representatives from Afgh
Published 08 Feb, 2017 12:00am
Russia calls regional conference on Afghanistan

Russia calls regional conference on Afghanistan

Russia on Tuesday said it was convening a conference of leading regional powers on Afghanistan and pushed again for talks with the Taliban. Foreign Minister Sergei Lavrov confirmed Moscow would host a meeting in mid-February with representatives from Afgh
Published 08 Feb, 2017 12:00am
Russia calls regional conference on Afghanistan

Russia calls regional conference on Afghanistan

Russia on Tuesday said it was convening a conference of leading regional powers on Afghanistan and pushed again for talks with the Taliban. Foreign Minister Sergei Lavrov confirmed Moscow would host a meeting in mid-February with representatives from Afgh
Published 08 Feb, 2017 12:00am
Agri finance

Agri finance

In an agrarian country like Pakistan, it is quite essential to provide the necessary incentives to the agriculture sector to maintain the vitality of the economy, the State Bank of Pakistan seems to have played an active role in this connection. Presiding
Published 08 Feb, 2017 12:00am
Resuscitating the dying demons

Resuscitating the dying demons

Forget about the pandemonium that prevailed in the National Assembly late last month; the lower house also legislates. And don't mind if that legislation is done without debate and even when the house lacks a quorum. So, if you thought the National Assemb
Published 08 Feb, 2017 12:00am
The export challenge

The export challenge

The first ever official visit of the Executive Director of the International Trade Centre, Arancha Gonzalez to Pakistan, early this month was projected by the government as some kind of endorsement of its economic policies by the ITC whose mandate is far
Published 08 Feb, 2017 12:00am
Stock market: A bumpy ride ahead?

Stock market: A bumpy ride ahead?

Turbulence at high altitudes is not uncommon. Volatility that recently stalked the PSX index as it soared to 50,000 shouldn't come as a surprise either. The market pundits call it 'correction', a fancy word for profit taking. For the suave (and well-conne
Published 08 Feb, 2017 12:00am
Challenging the IBF model - III

Challenging the IBF model - III

Let's briefly discuss each of these three areas individually, in the sequence they are mentioned, while keeping in mind that in reality all three are interconnected in their practical impact, and thus may necessitate cross-disciplinary research:
Published 08 Feb, 2017 12:00am
Foreign Office ambivalence

Foreign Office ambivalence

That Pakistan's Foreign Office was ambivalent in its response to the new US travel ban is a fact. The remarks of the Foreign Office spokesman do not give a clear direction of country's approach to the travel ban.
Published 08 Feb, 2017 12:00am
Wapda approaches Pemra against TV channel

Wapda approaches Pemra against TV channel

Water and Power Development Authority (Wapda) has moved to the Pemra's Council of Complaints against a private TV channel for "false" reporting on the Neelum Jhelum Hydro Project, said sources. According to reliable sources, the Council has extended preli
Published 08 Feb, 2017 12:00am
Government to ensure successful implementation of health projects: Saira

Government to ensure successful implementation of health projects: Saira

Minister for National Health Services, Regulations and Co-ordination, Saira Afzal Tarar on Tuesday said that steps have been taken to ensure safe blood transfusion and implementation of other mega health projects. Addressing the concluding session of Inte
Published 08 Feb, 2017 12:00am
Sherazi brothers meet Shahbaz

Sherazi brothers meet Shahbaz

Chief Minister Punjab Muhammad Shahbaz Sharif Tuesday said the country is economically stable due to solid economic programme of the government. Talking to Sherazi brothers from Sindh who called on him, here today, Shahbaz Sharif said speedy progress in P
Published 08 Feb, 2017 12:00am
AIG visits NRTC Haripur

AIG visits NRTC Haripur

Additional Inspector General (AIG) of Police Headquarters, Syed Akhtar Ali Shah along with Deputy Inspector General of Police (IGP) Dr Waqar Uddin on Tuesday visited National Radio and Telecommunication Corporation (NRTC) Haripur. It may be recalled here
Published 08 Feb, 2017 12:00am
Opposition submits motion in NA Secretariat

Opposition submits motion in NA Secretariat

Opposition parties submitted a privilege motion under Rules of Procedure and Conduct of Business in the National Assembly Secretariat on Tuesday accusing the government of its failure to grant sustainable development funds to women parliamentarians electe
Published 08 Feb, 2017 12:00am
Foreign firms keen to promote TVET system: Irfan Qaiser

Foreign firms keen to promote TVET system: Irfan Qaiser

Foreign organisations like World Bank, Asian Development Bank, JICA, GIZ, Turk Organisations and various British companies are co-operating with Technical Education and Vocational Training Authority (TEVATA) to promote technical education and vocational t
Published 08 Feb, 2017 12:00am
Permanent seats on UNSC Pakistan slams states for inflexible attitudes

Permanent seats on UNSC Pakistan slams states for inflexible attitudes

Pakistan has told the United Nations (UN) that the campaign by a group of countries for permanent seats of the Security Council defies the 21st century principle of achieving democratic representation through periodic elections. Pakistan's Ambassador to t
Published 08 Feb, 2017 12:00am
our alleged 'Daesh' volunteers handed over to Afghan authorities

our alleged 'Daesh' volunteers handed over to Afghan authorities

The government of Pakistan handed over four allegedly Daesh volunteers to Afghan authorities at Torkham border on Tuesday who had been detained by the Pakistani security agencies. Sharing details at a press conference held at Michni Check point, Assistant
Published 08 Feb, 2017 12:00am
DHA Medical Centre establishes free hepatitis vaccination camp

DHA Medical Centre establishes free hepatitis vaccination camp

Hepatitis 'B' is a lethal liver attacking virus in blood which is extremely dangerous for human health/life. Hepatitis 'B' Vaccination is the most effective way to prevent the injurious infection. DHA Medical Centre established three days free Hepatitis '
Published 08 Feb, 2017 12:00am
$325 million clean energy loan agreement signed with ADB

$325 million clean energy loan agreement signed with ADB

Federal Minister for Finance, Revenue, Economic Affairs, Statistics & Privatization Senator Ishaq Dar witnessed the signing ceremony of the agreement for the loan between the government of Pakistan and the Asian Development Bank (ADB) amounting to $325 mi
Published 08 Feb, 2017 12:00am
$325 million clean energy loan agreement signed with ADB

$325 million clean energy loan agreement signed with ADB

Federal Minister for Finance, Revenue, Economic Affairs, Statistics & Privatization Senator Ishaq Dar witnessed the signing ceremony of the agreement for the loan between the government of Pakistan and the Asian Development Bank (ADB) amounting to $325 mi
Published 08 Feb, 2017 12:00am
FBR plans to give some incentives to filers

FBR plans to give some incentives to filers

The Federal Board of Revenue (FBR) is planning to give some incentive, like tax credits, to new filers and existing filers of income tax returns to ensure timely return filing and encourage compliance. Sources toldBusiness Recorder here on Tuesday
Published 08 Feb, 2017 12:00am
Chinese diplomat calls on Sartaj Aziz

Chinese diplomat calls on Sartaj Aziz

Cheng Guoping, State Commissioner for Counter Terrorism and Security of the People's Republic of China, who is on an official visit to Pakistan, called on the Adviser to the Prime Minister on Foreign Affairs, Sartaj Aziz in the Foreign Office on Tuesday.
Published 08 Feb, 2017 12:00am
CM KP agrees to form Islamic Ideology Council

CM KP agrees to form Islamic Ideology Council

Chief Minister, Khyber Pakhtunkhwa, Pervez Khattak agreed to the proposal for the formation of Islamic ideology council at provincial level and hinted at re-visiting the entire curriculum in consultation with Ulema of all schools of thoughts. He assured t
Published 08 Feb, 2017 12:00am
New bill introduces inactive company concept

New bill introduces inactive company concept

Newly passed Companies Bill, 2016 has exempted small and single member companies from certain statutory requirements and introduced the concept of Inactive Company, which may be formed for a future project or to hold an asset and has no significant accoun
Published 08 Feb, 2017 12:00am
PYMA demands relief package for godown fire victims
Cotton

PYMA demands relief package for godown fire victims

Chairman of Pakistan Yarn Merchant Association (PYMA), Danish Hanif, has urged the Sindh government to announce relief package for the affectees of the fire in the M.M. godown, Zia Colony, Karachi. Expressing deep concern over the Monday's tragic fire inc
Published 08 Feb, 2017 12:00am
SECP to use full force of law against absconding brokers

SECP to use full force of law against absconding brokers

The SECP shall use full force of law against stockbrokers who have absconded with cash and securities of their clients, Zafar Hijazi, the SECP Chairman, said on Tuesday. The Commission held a lengthy meeting on Tuesday evening to review the situation aris
Published 08 Feb, 2017 12:00am
Foreign delegates arrive for Moenjodaro moot

Foreign delegates arrive for Moenjodaro moot

Scores of foreign delegates have arrived in Karachi to attend the three- day international conference on Moenjodaro to be held from February 9 to 11 in Larkana. Scholars from the US, Japan, Italy, Spain, France and Britain, including Ayumu konasukawa from
Published 08 Feb, 2017 12:00am
JS Group sponsors first Karachi Biennale 2017

JS Group sponsors first Karachi Biennale 2017

Karachi Biennale 2017, the city's largest, most exciting and inclusive year-long art event, will be held in Karachi. Its primary objective is to showcase the art from Pakistan, the region and the rest of the world in exhibitions to a wider audience, which
Published 08 Feb, 2017 12:00am
IGP orders extraordinary security in Sindh

IGP orders extraordinary security in Sindh

In the backdrop of separate blasts in Bannu, Khyber Pakhtunkhwa and Chaman area in Balochistan, Inspector General of Police (IGP) Sindh AD Khowaja on Tuesday directed police to further beef security across Sindh province. He instructed the relevant police
Published 08 Feb, 2017 12:00am
Saleem Shahzad sent to jail on 14-day judicial remand

Saleem Shahzad sent to jail on 14-day judicial remand

Former leader of Muttahida Qaumi Movement (MQM) Saleem Shahzad was sent to jail on a 14-day judicial remand on Tuesday. According to details, Saleem Shahzad was presented before the court amid high security for the hearing of various cases against him inc
Published 08 Feb, 2017 12:00am
Envoy invites CM Sindh to visit Netherlands

Envoy invites CM Sindh to visit Netherlands

Ambassador of Netherlands Jeannette Seppen has invited the Sindh government to visit his country to increase investments in various sectors. This formal invitation was given during the meeting with Director General, Sindh Board of Investment (SBI) Tanveer
Published 08 Feb, 2017 12:00am
Hepatitis B&C cases on the rise: OSF

Hepatitis B&C cases on the rise: OSF

Omair Sana Foundation on Tuesday organised a hepatitis B vaccination camp for children suffering from thalassaemia and their family members at its centre. The camp was visited by a large number of people. Speaking on the occasion, OSF's chief operation of
Published 08 Feb, 2017 12:00am
Those involved in police killings still in institutions, A D Khwaja

Those involved in police killings still in institutions, A D Khwaja

Sindh police chief A D Khwaja said on Tuesday that those responsible for targeted murders of police officials were still sitting in the institutions while inaction against them alongside silence of the society had demoralised the police that single-handed
Published 08 Feb, 2017 12:00am
SHC summons Rao Anwar in PQM chairman's missing case

SHC summons Rao Anwar in PQM chairman's missing case

The Sindh High Court (SHC) on Tuesday directed Senior Superintendent Police (SSP) Malir Rao Anwar to appear before it and file comprehensive reply regarding the whereabouts of Pakistan Qaumi Movement (PQM) Chairman Syed Iqbal Kazmi who has been missing si
Published 08 Feb, 2017 12:00am
Balochistan needs priority projects under CPEC: Fehmida Jamali

Balochistan needs priority projects under CPEC: Fehmida Jamali

President of Pakistan Tehreek Insaf (PTI) Women Wing Balochistan, Fehmida Jamali said Balochistan needs priority projects under CPEC for the transformation of Economic Growth as Balochistan and its Gwadar port have been the only reason for Chinese interes
Published 08 Feb, 2017 12:00am
FATA legislators stage protest in NA

FATA legislators stage protest in NA

The MNAs from Federally Administered Tribal Areas (FATA) on Tuesday staged a protest in National Assembly against the government for excluding FATA reforms item from agenda of the federal cabinet meeting. They also warned the government to implement the F
Published 08 Feb, 2017 12:00am
TPL approves rights issue of 48 million ordinary shares

TPL approves rights issue of 48 million ordinary shares

The board of directors of TPL Life Insurance Limited, a subsidiary of TPL Trakker Limited, in its meeting held on February 06, has approved a rights issue of 48 million ordinary shares of the face value of Rs 10.00 each, aggregating to Rs 480 million.
Published 08 Feb, 2017 12:00am
Romanian meets Fatemi

Romanian meets Fatemi

The newly appointed Ambassador of Romania, Nicolae Goia, paid his first courtesy call on the Special Assistant to the Prime Minister on Foreign Affairs, Syed Tariq Fatemi on Tuesday. While expressing satisfaction on the overall state of bilateral relation
Published 08 Feb, 2017 12:00am
Only construction licences issued: Ogra

Only construction licences issued: Ogra

Apropos reports in print and electronic media regarding issuance of 21 licences to establish Oil Marketing Companies (OMC) in last six months, Ogra clarifies "that it has issued only construction licenses strictly as per the applicable rules and policy of
Published 08 Feb, 2017 12:00am
Supreme Court seeks details of qualification of DRAP board's members

Supreme Court seeks details of qualification of DRAP board's members

The Supreme Court on Tuesday sought statement from Drug Regulatory Authority of Pakistan (DRAP) over qualification of its board members while hinting at reconstitution of registration board of the Authority. Resuming the hearing in suo motu notice regardi
Published 08 Feb, 2017 12:00am
Two cops injured in suicide attack at police station

Two cops injured in suicide attack at police station

At least two policemen were injured when a suicide bomber rammed his vehicle into a police station in Khyber-Pakhtunkhwa's Bannu district. According to police officials, the attack took place in the early hours of Tuesday, injuring two officials on duty a
Published 08 Feb, 2017 12:00am
Haideri condemns action against seminaries, Ulema

Haideri condemns action against seminaries, Ulema

While condemning the crackdown against religious seminaries under the National Action Plan, Deputy Chairman Senate and Jamiate Ulema Islam-Fazl (JUI-F) Central Secretary General, Maulana Abdul Ghafoor Haideri has said that religious seminaries is being ta
Published 08 Feb, 2017 12:00am
Rift between DRAP, pharma firms hitting export severely: survey

Rift between DRAP, pharma firms hitting export severely: survey

The rift between the Drug Regulatory Authority of Pakistan (DRAP) and pharmaceutical companies has not only created acute shortage of various medicines but it is also hitting the country's pharmaceutical exports hard. A survey carried out byBusiness Re
Published 08 Feb, 2017 12:00am
MSF extends 24/7 emergency services to Nawagai hospitals

MSF extends 24/7 emergency services to Nawagai hospitals

Medecins Sans Frontieres/Doctors' Without Borders (MSF) has extended its support to medical emergency services to 24 hours, seven days a week to Nawagai Tehsil Headquarter Hospital in Bajaur Agency. MSF took the initiative following thorough assessment, r
Published 08 Feb, 2017 12:00am
PSP chief calls for devolution of powers at grassroots level

PSP chief calls for devolution of powers at grassroots level

Chairman of Pak Sarzameen Party (PSP), Syed Mustafa Kamal has called for decentralisation of system, devolution of powers and reforms at grassroots level to resolve the issues and ensure basic amenities to people across the country. Addressing a news conf
Published 08 Feb, 2017 12:00am
SECP, HEC to develop entrepreneurial eco-system

SECP, HEC to develop entrepreneurial eco-system

The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Higher Education Commission (HEC), conducted a session on investor education for senior professionals of HEC-recognised universities of the Lahore region.
Published 08 Feb, 2017 12:00am
Anusha inaugurates National Incubation Centre

Anusha inaugurates National Incubation Centre

In a bid to provide start-ups with a free of cost workspace, incubation, acceleration, 'Jazz xlr8 programme' seed funds and access to 50 million plus mobile customers, the National Incubation Centre was inaugurated here on Tuesday.
Published 08 Feb, 2017 12:00am
PPL wins corporate philanthropy award

PPL wins corporate philanthropy award

Pakistan Petroleum Limited (PPL) was declared the second largest corporate giver by volume of donations for 2015 at the Corporate Philanthropy Awards hosted by Pakistan Centre for Philanthropy in Islamabad on Tuesday (February 7). The company received the
Published 08 Feb, 2017 12:00am
CPEC, SEZ Cell launched at BoI

CPEC, SEZ Cell launched at BoI

The Board of Investment on Tuesday established a `CPEC, SEZ Cell' to facilitate the stakeholders on matters relating to China Pakistan Economic Corridor (CPEC) and Special Economic Zones (SEZ). The Cell was inaugurated by Dr Miftah Ismail, Minister of Sta
Published 08 Feb, 2017 12:00am
Government starts project to formulate NTP

Government starts project to formulate NTP

The government of Pakistan on Tuesday kicked-off a 2-year project to formulate the National Transport Policy which will cover railways, roads, ports and shipping, aviation, and logistics services. The project seeks to create a safe, efficient and sustaina
Published 08 Feb, 2017 12:00am
Ministry's clarification

Ministry's clarification

Ministry of Water & Power said on Tuesday that the Nandipur Power Plant project has been put into generation against all odds in order to bring in world class efficiencies.
Published 08 Feb, 2017 12:00am
'Pakistanis donate Rs 554 billion a year'

'Pakistanis donate Rs 554 billion a year'

Pakistanis donate Rs 554 billion for assistance of destitute people, it was announced at an awareness seminar here on Tuesday. The chief executive of the Pakistan Peace Collective (PPC), Dr Bushra Taskin, said in the seminar at the University of Peshawar,
Published 08 Feb, 2017 12:00am
Telenor's strategic goals discussed

Telenor's strategic goals discussed

Gunn Wærsted, Chair of Telenor Group, recently concluded a one day visit to Telenor Pakistan during which she held high-level meetings with top management representatives of Telenor Pakistan and discussed company's strategic goals. During her visit Wærste
Published 08 Feb, 2017 12:00am
Patwari involved in Rs 40 million fraud arrested

Patwari involved in Rs 40 million fraud arrested

The Anti-Corruption Establishment (ACE) has arrested Patwari Rana Zulfiqar, involved in a fraud of Rs 40 million with an overseas Pakistani, from Gujranwala and Abid Ali Langah for transferring property of his deceased brother worth Rs 200 million on bogu
Published 08 Feb, 2017 12:00am
Mining department, UET sign MoU

Mining department, UET sign MoU

Memorandum of Understanding (MoU) was signed between Mining Engineering Department, University of Engineering and Technology Lahore and Geo-Mineral Associates to "Review and Analysis of Coal Mine Support System of Punjab, Pakistan.' The MoU was signed by
Published 08 Feb, 2017 12:00am
MCCI for promoting trade with Bahrain in Halal food
Cotton

MCCI for promoting trade with Bahrain in Halal food

The business community of South Punjab on Tuesday urged the government to promote bilateral trade with Muslim countries particularly Halal food to earn maximum foreign exchange and to get rid of foreign debts. They underscored the importance of expanding
Published 08 Feb, 2017 12:00am
Government making false claims of economic progress: Baloch

Government making false claims of economic progress: Baloch

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has said that the government was making false claims of economic progress in the country as the facts were to the contrary. Speaking at a seminar in the city on Tuesday, he said the government was basing
Published 08 Feb, 2017 12:00am
Petition challenging detention of JuD chief dismissed

Petition challenging detention of JuD chief dismissed

The Lahore High Court on Tuesday dismissed a petition of a lawyer challenging detention of Jamatud Dawa (JuD) chief Hafiz Muhammad Saeed. The court heard the petition of Sarfraz Hussain advocate as objection case and upheld an objection put by the registr
Published 08 Feb, 2017 12:00am
Unhygienic milk destroyed

Unhygienic milk destroyed

The Punjab Food Authority (PFA) in its endeavour to check sale of adulterated and unhygienic milk in the province on Tuesday checked the milk carrying vehicles at entry and exit points of different cities and tested 55,000 liters of milk. The Authority's
Published 08 Feb, 2017 12:00am
CAP chief asks for more shares in CPEC projects

CAP chief asks for more shares in CPEC projects

Chairman of Constructor Association of Pakistan (CAP), Engr. Sikandar Hayat Khattak has called for giving more shares to local construction firms in projects being launched under the China-Pakistan Economic Corridor (CPEC). Main beneficiaries of the ongoi
Published 08 Feb, 2017 12:00am
Forestry sector: OPC team visits SPFC to seek investment scope

Forestry sector: OPC team visits SPFC to seek investment scope

A delegation of Overseas Pakistanis Commission (OPC) Punjab visited the office of the South Punjab Forest Company (SPFC) to look in to the investment opportunities in Punjab's forestry sector. Afzaal Bhatti, Commissioner, OPC lead the delegation which was
Published 08 Feb, 2017 12:00am
Seminar on business opportunities & expo from April 12

Seminar on business opportunities & expo from April 12

The Punjab government is holding second international seminar on business opportunities in Punjab on April 12 and 13 while an exhibition would also be held alongside the seminar from April 12 to 14 here at the Expo Centre. Secretary Industries, Commerce a
Published 08 Feb, 2017 12:00am
ATC turns down PAT's plea

ATC turns down PAT's plea

An antiterrorism court here Tuesday turned down a plea of Pakistan Awami Tehreek (PAT) to try Prime Minister Nawaz Sharif, Chief Minister Punjab Shahbaz Sharif and federal/provincial ministers under murder charges of its workers. The court however allowed
Published 08 Feb, 2017 12:00am
Punjab's five districts: over 11,000 vehicles registered under DVRS

Punjab's five districts: over 11,000 vehicles registered under DVRS

Around 11,000 vehicles have so far been registered under "Dealer Vehicle Registration System" (DVRS) in five districts of Punjab. The DVRS is a joint project of the provincial Excise and Taxation department and Punjab Information Technology Board (PITB) i
Published 08 Feb, 2017 12:00am
PPDWP approves two uplift schemes

PPDWP approves two uplift schemes

The Punjab Provincial Development Working Party (PPDWP) approved two development schemes of Agriculture and Planning and Development sectors with an estimated cost of Rs 4191.492 million. These schemes were approved in the 51st meeting of Provincial Devel
Published 08 Feb, 2017 12:00am
Altern Energy Limited

Altern Energy Limited

The primary activity of Altern Energy Limited (PSX: ALTN) is the ownership and operation of 32MW gas based thermal power plant located in Attock, Punjab. The company sells the electricity to the Water and Power Development Authority (WAPDA) under long ter
Published 08 Feb, 2017 12:00am
Altern Energy Limited

Altern Energy Limited

The primary activity of Altern Energy Limited (PSX: ALTN) is the ownership and operation of 32MW gas based thermal power plant located in Attock, Punjab. The company sells the electricity to the Water and Power Development Authority (WAPDA) under long ter
Published 08 Feb, 2017 12:00am
EU, other states want to invest in CPEC: Ahsan

EU, other states want to invest in CPEC: Ahsan

Minister for Planning and Development Ahsan Iqbal said on Tuesday that European Union and other countries have shown keen interest to invest in China-Pakistan Economic Corridor (CPEC). "The CPEC is an over $50 billion project and together with Chinese fri
Published 08 Feb, 2017 12:00am
NAB arrests ex-registrar FUUAST

NAB arrests ex-registrar FUUAST

National Accountability Bureau (NAB), Lahore arrested Dr Fahimuddin former registrar of Federal Urdu University of Arts, Science and Technology (FUUAST) over corruption charges on Tuesday. According to details, NAB Lahore has arrested Dr Fahimuddin while
Published 08 Feb, 2017 12:00am
Dawn leaks: concern over delay in finalising inquiry

Dawn leaks: concern over delay in finalising inquiry

"We have serious concerns over the delay in finalizing the investigation of a fabricated news story carried by Dawn on 6th October 2016, three months after the committee was setup," defence sources told Business Recorder. The sources in the Interio
Published 08 Feb, 2017 12:00am
Zahid Saeed made chairman FPCCI body

Zahid Saeed made chairman FPCCI body

The president of the Federation of Pakistan Chambers of Commerce and Industry, Zubair F. Tufail, has appointed Zahid Saeed as chairman of the FPCCI standing committee on the pharmaceutical industry for 2017. Zahid Saeed previously served as chairman of Pa
Published 08 Feb, 2017 12:00am
Lieutenant General Mirza calls on Zubair

Lieutenant General Mirza calls on Zubair

Corps Commander Karachi Lieutenant General Shahid Baig Mirza called on Sindh Governor Muhammad Zubair at Governor's House on Tuesday and discussed with him ongoing operation, law & order situation and other affairs prevalent in Karachi. During the meeting
Published 08 Feb, 2017 12:00am
WWF-Pakistan hails SWD on confiscation of illegally sold turtles

WWF-Pakistan hails SWD on confiscation of illegally sold turtles

WWF-Pakistan appreciated the efforts of the Sindh Wildlife Department (SWD) on the confiscation of 40 green sea turtle hatchlings and nine individuals of Indian flap shell turtles illegally sold at two aquarium shops at a market on Burns Road, Karachi on
Published 08 Feb, 2017 12:00am
Weather forecast for today

Weather forecast for today

Continental air is prevailing over most parts of the country. A shallow westerly wave is effecting upper parts of the country and may persist till Thursday (morning). Weather forecast for next 24 hours: Mainly cold and dry weather is expected in most part
Published 08 Feb, 2017 12:00am
US MIDDAY: gold drifts lower

US MIDDAY: gold drifts lower

Gold slipped from a near three-month peak on Tuesday, pressured by a strong dollar as the euro fell on nervousness ahead of the French elections and weak German industry data. Spot gold was down 0.4 percent at $1,230.60 per ounce at 1515 GMT. In the previ
Published 08 Feb, 2017 12:00am
US MIDDAY: soya soars

US MIDDAY: soya soars

US soyabean futures edged higher on Tuesday on continued strong export demand as overseas buyers waited for the bulk of the expected bumper South America harvest to come online, traders said. "Beans continue to be the darling of the grains thanks to a lon
Published 08 Feb, 2017 12:00am
Gold slips in Europe

Gold slips in Europe

Gold slipped from a near three-month peak on Tuesday, pressured by a strong dollar as the euro fell on nervousness ahead of the French elections and weak German industry data. Spot gold was down 0.6 percent at $1,228.56 per ounce at 1325 GMT. In the previ
Published 08 Feb, 2017 12:00am
Gold down in Asia

Gold down in Asia

Gold slipped on Tuesday on a stronger dollar and as investors booked profits after the yellow metal hit a near three-month high in the previous session, amid safe-haven demand on the back of rising global political uncertainty. The dollar index, which mea
Published 08 Feb, 2017 12:00am
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