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Archive - 2017-02-10
Viv Richards' berserk celebrations break the net
Sports

Viv Richards' berserk celebrations break the net

West Indian batting legend and mentor of Quetta Gladiators was the happiest man on the planet, after his side grabbed an unexpected win over Lahore Qalandars in a low scoring epic, on Friday at Dubai.
Published 10 Feb, 2017 03:45pm
PSL II: Gladiators clinch thriller by 8 runs against Qalandars
Front Top News

PSL II: Gladiators clinch thriller by 8 runs against Qalandars

DUBAI: Brendon McCullums decision to field first reaped fruit after the Quetta Gladiators managed to score a mediocre total of 136 runs in their 20 over losing nine wickets, in the second match of the Pakistan Super League 2017 on Friday.
Updated 10 Feb, 2017 03:37pm
Renault boasts record year despite diesel probe
Industry

Renault boasts record year despite diesel probe

BOULOGNE-BILLANCOURT: French carmaker Renault said Friday it booked a record year in 2016 and that it would not set aside any provisions for potential financial fallout from a diesel emissions probe.
Published 10 Feb, 2017 03:25pm
US stocks add to records on Trump 'hype'
Financial

US stocks add to records on Trump 'hype'

NEW YORK: Wall Street stocks added to records early Friday on optimism over President Donald Trump's promise of tax cuts, with petroleum-linked stocks gaining on higher oil prices.
Published 10 Feb, 2017 03:18pm
Dollar rallies on Trump tax pledge
Financial

Dollar rallies on Trump tax pledge

LONDON: The dollar extended a rally Friday on comments by US President Donald Trump that he would release details of a "phenomenal" tax-cut plan, which also lifted global stock markets.
Published 10 Feb, 2017 03:04pm
Sharjeel Khan, Khalid Latif suspended for corruption in PSL
Pakistan Top News

Sharjeel Khan, Khalid Latif suspended for corruption in PSL

DUBAI: Sharjeel Khan and Khalid Latif have been provisionally suspended by the Pakistan Cricket Board (PCB) allegedly for corruption in the second edition of Pakistan Super League (PSL), on Friday.
Published 10 Feb, 2017 02:46pm
Brazen Antlers by Kristina Makeeva
Featured Photos

Brazen Antlers by Kristina Makeeva

Photo Credit: Kristina Makeeva%D%AKristina Makeeva is a talented self-taught photographer and engineer who currently lives and works in Moscow, Russia.
Published 10 Feb, 2017 01:42pm
PLYMOUTH by Kat Irlin
Featured Photos

PLYMOUTH by Kat Irlin

Photo Credit: Kat Irlin%D%AKat Irlin is a talented Russian self-taught fashion, lifestyle and portrait photographer who currently lives and works in New York City.
Published 10 Feb, 2017 01:35pm
Spring plantation campaign starts in Sindh at Keti Bandar
General News

Spring plantation campaign starts in Sindh at Keti Bandar

%D%AKARACHI: Sindh Forest and Wildlife Department in coordination with International Union for Conservation of Nature (IUCN)-Pakistan, commenced the Spring Plantation Campaign 2017 in Sindh at Keti Bandar, one of the world's largest arid climate mangr
Published 10 Feb, 2017 01:15pm
PM urges Governor's role as bridge between federal, Sindh govts
Pakistan Top News

PM urges Governor's role as bridge between federal, Sindh govts

%D%AISLAMABAD: Prime Minister Nawaz Sharif on Friday said the Governor Sindh should play an instrumental role and "act as a bridge between the federal government and the Government of Sindh" for the effective implementation of development initiatives.
Published 10 Feb, 2017 12:17pm
Int'l flags hoisting marks commencement of AMAN-17 naval exercise
Front Top News

Int'l flags hoisting marks commencement of AMAN-17 naval exercise

%D%AKARACHI: Multinational Exercise AMAN-17 formally commenced here on Friday at Pakistan Navy Dockyard, under the aegis of Pakistan Navy with a colorful flag hoisting ceremony with Navy band playing national songs.
Published 10 Feb, 2017 12:01pm
"Geometry of Madrid Architecture" by Joel Filipe
Featured Photos

"Geometry of Madrid Architecture" by Joel Filipe

Photo Credit: Joel Filipe%D%AJoel Filipe is a talented photographer, digital designer, art director and world explorer who currently lives and works in Madrid, Italy.
Published 10 Feb, 2017 11:26am
CM announces Rs500,000 for victims of Uni Rd accident in Karachi
Pakistan Top News

CM announces Rs500,000 for victims of Uni Rd accident in Karachi

%D%AKARACHI: Taking notice of protest staged in the aftermath of a tragic road accident that killed at least four people, Sindh Chief Minister Murad Ali Shah on Friday directed the Sindh IG AD Khawaja to constitute an inquiry committee to probe the mishap
Published 10 Feb, 2017 11:12am
Hope & Imaginaria by Joanna Keler
Featured Photos

Hope & Imaginaria by Joanna Keler

Photo Credit: Joanna Keler%D%AJoanna Keler is a talented self-taught photographer and 3D artist based in Saint Petersburg, Russia.
Published 10 Feb, 2017 10:57am
Afghanistan endorses US general's call for additional troops
World Top News

Afghanistan endorses US general's call for additional troops

%D%AKABUL: Kabul on Friday endorsed US general John Nicholson's call for thousands of additional troops in Afghanistan to stave off a resurgent Taliban, ahead of what is expected to be another intense fighting season.
Published 10 Feb, 2017 10:35am
Maestro by Jessica Rivas
Featured Photos

Maestro by Jessica Rivas

Photo Credit: Jessica Rivas%D%AJessica Rivas is a talented 24-year old photographer based in Miami, Florida.
Published 10 Feb, 2017 10:35am
PSL II: Karachi Kings hoping for turnaround in fortunes
Cricket

PSL II: Karachi Kings hoping for turnaround in fortunes

Pakistan Super Leagues second edition kicked off with a bang on Thursday night, with reigning champions Islamabad United beating Peshawar Zalmi in the opener, after they successfully chased down a mammoth 173 run target in 18 overs, setting the stage for
Published 10 Feb, 2017 10:04am
Fazed & Disoriented by Jamie Betts
Featured Photos

Fazed & Disoriented by Jamie Betts

Photo Credit: Jamie Betts%D%AJamie Betts is a talented photographer based in Richmond, VA, USA.
Published 10 Feb, 2017 09:55am
All CMs to attend meeting on future of Nepra
Pakistan Top News

All CMs to attend meeting on future of Nepra

%D%AMUSHTAQ GHUMMAN%D%A%D%AISLAMABAD: Ministry of Water and Power has convened an inter-provincial meeting on Friday (today) to discuss the much talked-about amendments in Nepra Act and other energy-related issues of provinces.
Published 10 Feb, 2017 09:43am
Amber Skies by Christopher Markisz
Featured Photos

Amber Skies by Christopher Markisz

Photo Credit: Christopher Markisz%Dhristopher Markisz aka Dub Sonata is a talented self-taught photographer, musician and songwriter from Oakland, who currently based in New York City.
Published 10 Feb, 2017 09:00am
Desperate Ali to focus on batting
Cricket

Desperate Ali to focus on batting

DUBAI: Azhar Ali said Friday he was desperate to resurrect his fortunes with the bat ahead of the 2019 World Cup after giving up the Pakistan one-day captaincy to be replaced by Sarfraz Ahmed.
Published 10 Feb, 2017 08:04am
Cherry Blossoms by Magomed Shapiev
Featured Photos

Cherry Blossoms by Magomed Shapiev

Photo Credit: Magomed Shapiev%D%AMagomed Shapiev is a talented 24-year-old self-taught staff photographer at Dagestans presidential press office and popular instagram user based in Makhachkala, Russia.
Published 10 Feb, 2017 08:01am
On Trump ban and education
Miscellaneous

On Trump ban and education

Feeding into the ongoing debate over Trumps travel ban, the Brookings Institution recently featured a blog that showed how sealing the border could block one of Americas crucial exports: education.
Published 10 Feb, 2017 07:41am
PRL looking up
Miscellaneous

PRL looking up

Pakistan Refinery Limited (PSX: PRL) recuperated in FY16 where it turned to profits after weak FY15 and FY14.
Published 10 Feb, 2017 07:40am
COAS speaks to Mattis
Front Top News

COAS speaks to Mattis

RAWALPINDI: Chief of Army Staff (COAS) General Qamar Javed Bajwa Thursday made a telephonic contact with the US Secretary of Defence James Norman Mattis and congratulated him on assuming new responsibilities.
Published 10 Feb, 2017 07:32am
Kohli heaps more misery on tiring Bangladesh
Cricket

Kohli heaps more misery on tiring Bangladesh

HYDERABAD: India skipper Virat Kohli closed in on yet another double century Friday as he combined with Ajinkya Rahane to plunder a wilting Bangladesh bowling attack on the second day of the one-off Test in Hyderabad.
Published 10 Feb, 2017 07:02am
Abe in Washington for talks with Trump
North America

Abe in Washington for talks with Trump

WASHINGTON: Japanese Prime Minister Shinzo Abe arrived in Washington on Thursday for talks with US President Donald Trump aimed at setting a new course for the crucial bilateral relationship, amid strains over trade and defense.
Published 10 Feb, 2017 06:58am
Trump backs 'One China' policy in first call with Xi
Front Top News

Trump backs 'One China' policy in first call with Xi

WASHINGTON: President Donald Trump reaffirmed Washington's 'One China' policy on Thursday in his first conversation with Xi Jinping, in an apparent effort to ease tensions after angering Beijing by questioning the policy that underpins Sino-US
Published 10 Feb, 2017 06:51am
Peru orders arrest of ex-president Toledo over graft claims
World

Peru orders arrest of ex-president Toledo over graft claims

LIMA: A Peruvian judge on Thursday issued a domestic and international warrant for the arrest of ex-president Alejandro Toledo over accusations he took a $20-million bribe from scandal-plagued Brazilian construction firm Odebrecht.
Published 10 Feb, 2017 06:45am
China exports surge tainted by fears of trade turmoil
World

China exports surge tainted by fears of trade turmoil

BEIJING: Chinese exports surged more than forecast in January, data showed Friday, in a fresh sign of improvement in the world's number two economy as leaders prepare for possible trade stand-offs with US President Donald Trump.
Published 10 Feb, 2017 06:41am
Ministry-Nepra war of words intensifying
Industries & Sectors

Ministry-Nepra war of words intensifying

MUSHTAQ GHUMMAN%D%A%D%AISLAMABAD: The war of words between Ministry of Water and Power and National Electric Power Regulatory Authority (Nepra) is intensifying as the Ministry has sent a very strong rejoinder to the regulator on its letter written on Febr
Published 10 Feb, 2017 06:37am
Tokyo stocks jump 2.5pc after Trump tax cut promise
Financial

Tokyo stocks jump 2.5pc after Trump tax cut promise

TOKYO: Japanese stocks rose sharply Friday, mirroring a surge on Wall Street after US President Donald Trump promised details soon about a "phenomenal" tax-cut plan aimed at boosting the world's top economy.
Published 10 Feb, 2017 06:35am
Trump speaks with Afghan leader, US commander calls for more troops
Front Top News

Trump speaks with Afghan leader, US commander calls for more troops

WASHINGTON: US President Donald Trump and his Afghan counterpart discussed security in a phone call on Thursday, officials said, hours after the top US commander in Afghanistan said thousands more troops were needed to break a stalemate with the Taliban.
Published 10 Feb, 2017 06:31am
PM makes big CPEC-aided business pitch
Front Top News

PM makes big CPEC-aided business pitch

RECORDER REPORT%D%A%D%AISLAMABAD: Prime Minister Nawaz Sharif has urged the foreign companies to take advantage of the incentives being offered by the government for investment and make investment in Pakistan whose strategic location is gateway to the ene
Published 10 Feb, 2017 06:26am
All CMs to attend meeting on future of regulator

All CMs to attend meeting on future of regulator

Ministry of Water and Power has convened an inter-provincial meeting on Friday (today) to discuss the much talked-about amendments in Nepra Act and other energy-related issues of provinces. The meeting to be presided over by the Minister for Water and Pow
Published 10 Feb, 2017 12:00am
All CMs to attend meeting on future of regulator

All CMs to attend meeting on future of regulator

Ministry of Water and Power has convened an inter-provincial meeting on Friday (today) to discuss the much talked-about amendments in Nepra Act and other energy-related issues of provinces. The meeting to be presided over by the Minister for Water and Pow
Published 10 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (February 09, 2017).

Published 10 Feb, 2017 12:00am
July-January trade deficit soars to $17.43 billion

July-January trade deficit soars to $17.43 billion

Pakistan's trade deficit rose to $17.428 billion during the first seven months (July-January 2017) of the current fiscal year, up by 28.68 percent from $13.544 billion for the same period a year before, according to Pakistan Bureau of Statistics (PBS). Pr
Published 10 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (February 09, 2017).

Published 10 Feb, 2017 12:00am
July-January trade deficit soars to $17.43 billion

July-January trade deficit soars to $17.43 billion

Pakistan's trade deficit rose to $17.428 billion during the first seven months (July-January 2017) of the current fiscal year, up by 28.68 percent from $13.544 billion for the same period a year before, according to Pakistan Bureau of Statistics (PBS). Pr
Published 10 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (February 09, 2017).

Published 10 Feb, 2017 12:00am
July-January trade deficit soars to $17.43 billion

July-January trade deficit soars to $17.43 billion

Pakistan''s trade deficit rose to $17.428 billion during the first seven months (July-January 2017) of the current fiscal year, up by 28.68 percent from $13.544 billion for the same period a year before, according to Pakistan Bureau of Statistics (PBS). P
Published 10 Feb, 2017 12:00am
Number of states with top debt ratings down in 2016: Fitch

Number of states with top debt ratings down in 2016: Fitch

The number of countries with a top-notch sovereign credit rating fell to the lowest level in 13 years last year, the international rating agency Fitch said on Thursday. "The number of Fitch-rated sovereigns with 'AAA' ratings is at its lowest level since
Published 10 Feb, 2017 12:00am
Number of states with top debt ratings down in 2016: Fitch

Number of states with top debt ratings down in 2016: Fitch

The number of countries with a top-notch sovereign credit rating fell to the lowest level in 13 years last year, the international rating agency Fitch said on Thursday. "The number of Fitch-rated sovereigns with 'AAA' ratings is at its lowest level since
Published 10 Feb, 2017 12:00am
Number of states with top debt ratings down in 2016: Fitch

Number of states with top debt ratings down in 2016: Fitch

The number of countries with a top-notch sovereign credit rating fell to the lowest level in 13 years last year, the international rating agency Fitch said on Thursday. "The number of Fitch-rated sovereigns with ''AAA'' ratings is at its lowest level sinc
Published 10 Feb, 2017 12:00am
Number of states with top debt ratings down in 2016: Fitch

Number of states with top debt ratings down in 2016: Fitch

The number of countries with a top-notch sovereign credit rating fell to the lowest level in 13 years last year, the international rating agency Fitch said on Thursday. "The number of Fitch-rated sovereigns with ''''AAA'''' ratings is at its lowest level
Published 10 Feb, 2017 12:00am
Sugar turns sour for the Sharifs
Cotton

Sugar turns sour for the Sharifs

The Supreme Court on Thursday ordered to bring the crushing of sugar in three mills of the Sharif family to a halt and remanded the case back to Lahore High Court with directives to look into the issue of relocation of the mills. Prime Minister Nawaz Shar
Published 10 Feb, 2017 12:00am
Sugar turns sour for the Sharifs
Cotton

Sugar turns sour for the Sharifs

The Supreme Court on Thursday ordered to bring the crushing of sugar in three mills of the Sharif family to a halt and remanded the case back to Lahore High Court with directives to look into the issue of relocation of the mills. Prime Minister Nawaz Shar
Published 10 Feb, 2017 12:00am
Sugar turns sour for the Sharifs
Cotton

Sugar turns sour for the Sharifs

The Supreme Court on Thursday ordered to bring the crushing of sugar in three mills of the Sharif family to a halt and remanded the case back to Lahore High Court with directives to look into the issue of relocation of the mills. Prime Minister Nawaz Shar
Published 10 Feb, 2017 12:00am
Cash withdrawals: NFIS Council suggests WHT adjustment by BB agents

Cash withdrawals: NFIS Council suggests WHT adjustment by BB agents

The National Finance Inclusion Strategy (NFIS) Council has proposed to the Federal Board of Revenue (FBR) to consider adjustment of withholding tax on cash withdrawals by the Branchless Banking (BB) agents through amendment to Income Tax Ordinance 2001 un
Published 10 Feb, 2017 12:00am
Cash withdrawals: NFIS Council suggests WHT adjustment by BB agents

Cash withdrawals: NFIS Council suggests WHT adjustment by BB agents

The National Finance Inclusion Strategy (NFIS) Council has proposed to the Federal Board of Revenue (FBR) to consider adjustment of withholding tax on cash withdrawals by the Branchless Banking (BB) agents through amendment to Income Tax Ordinance 2001 un
Published 10 Feb, 2017 12:00am
Cash withdrawals: NFIS Council suggests WHT adjustment by BB agents

Cash withdrawals: NFIS Council suggests WHT adjustment by BB agents

The National Finance Inclusion Strategy (NFIS) Council has proposed to the Federal Board of Revenue (FBR) to consider adjustment of withholding tax on cash withdrawals by the Branchless Banking (BB) agents through amendment to Income Tax Ordinance 2001 un
Published 10 Feb, 2017 12:00am
Mixed trend persists

Mixed trend persists

A mixed trend persisted on Pakistan Stock Exchange (PSX) Thursday. The benchmark KSE-100 index kept oscillating between 50,195.73 points intra-day high and 49,784.33 points intra-day low levels. However, buying in certain stocks at the fag end supported t
Published 10 Feb, 2017 12:00am
Mixed trend persists

Mixed trend persists

A mixed trend persisted on Pakistan Stock Exchange (PSX) Thursday. The benchmark KSE-100 index kept oscillating between 50,195.73 points intra-day high and 49,784.33 points intra-day low levels. However, buying in certain stocks at the fag end supported t
Published 10 Feb, 2017 12:00am
Mixed trend persists

Mixed trend persists

A mixed trend persisted on Pakistan Stock Exchange (PSX) Thursday. The benchmark KSE-100 index kept oscillating between 50,195.73 points intra-day high and 49,784.33 points intra-day low levels. However, buying in certain stocks at the fag end supported t
Published 10 Feb, 2017 12:00am
BRIndex30 up 38.29 points

BRIndex30 up 38.29 points

On Thursday, BRIndex30 opened at 28,829.10 points. It touched an intraday high of 29,145.85 points and an intraday low of 28,768.69 points and closed at 28,867.39 points which was 38.29 points or 0.13 percent higher than previous close. Total volume was 3
Published 10 Feb, 2017 12:00am
BRIndex30 up 38.29 points

BRIndex30 up 38.29 points

On Thursday, BRIndex30 opened at 28,829.10 points. It touched an intraday high of 29,145.85 points and an intraday low of 28,768.69 points and closed at 28,867.39 points which was 38.29 points or 0.13 percent higher than previous close. Total volume was 3
Published 10 Feb, 2017 12:00am
Prime Minister makes big CPEC-aided business pitch

Prime Minister makes big CPEC-aided business pitch

Prime Minister Nawaz Sharif has urged the foreign companies to take advantage of the incentives being offered by the government for investment and make investment in Pakistan whose strategic location is gateway to the energy-rich Central Asian states. Add
Published 10 Feb, 2017 12:00am
Prime Minister makes big CPEC-aided business pitch

Prime Minister makes big CPEC-aided business pitch

Prime Minister Nawaz Sharif has urged the foreign companies to take advantage of the incentives being offered by the government for investment and make investment in Pakistan whose strategic location is gateway to the energy-rich Central Asian states. Add
Published 10 Feb, 2017 12:00am
Prime Minister makes big CPEC-aided business pitch

Prime Minister makes big CPEC-aided business pitch

Prime Minister Nawaz Sharif has urged the foreign companies to take advantage of the incentives being offered by the government for investment and make investment in Pakistan whose strategic location is gateway to the energy-rich Central Asian states. Add
Published 10 Feb, 2017 12:00am
Prime Minister makes big CPEC-aided business pitch

Prime Minister makes big CPEC-aided business pitch

Prime Minister Nawaz Sharif has urged the foreign companies to take advantage of the incentives being offered by the government for investment and make investment in Pakistan whose strategic location is gateway to the energy-rich Central Asian states. Add
Published 10 Feb, 2017 12:00am
Advisers to CM: counsel recuses himself from case

Advisers to CM: counsel recuses himself from case

A senior lawyer of Supreme Court on Thursday recused himself from further representing the Sindh government in a case pertaining to the appointment of advisers for Chief Minister Murad Ali Shah. Former Attorney General for Pakistan and senior lawyer of th
Published 10 Feb, 2017 12:00am
Advisers to CM: counsel recuses himself from case

Advisers to CM: counsel recuses himself from case

A senior lawyer of Supreme Court on Thursday recused himself from further representing the Sindh government in a case pertaining to the appointment of advisers for Chief Minister Murad Ali Shah. Former Attorney General for Pakistan and senior lawyer of th
Published 10 Feb, 2017 12:00am
Allied Bank posts Rs 14.427 billion profit
Currency

Allied Bank posts Rs 14.427 billion profit

The Allied Bank Limited's multi-faceted strategy of diversifying the business mix and sustained focus on deepening low-cost deposit base enabled steady performance despite challenges in operating environment. The Bank's core retail business continues to g
Published 10 Feb, 2017 12:00am
Allied Bank posts Rs 14.427 billion profit
Currency

Allied Bank posts Rs 14.427 billion profit

The Allied Bank Limited's multi-faceted strategy of diversifying the business mix and sustained focus on deepening low-cost deposit base enabled steady performance despite challenges in operating environment. The Bank's core retail business continues to g
Published 10 Feb, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 10 Feb, 2017 12:00am
Allied Bank posts Rs 14.427 billion profit
Currency

Allied Bank posts Rs 14.427 billion profit

The Allied Bank Limited''s multi-faceted strategy of diversifying the business mix and sustained focus on deepening low-cost deposit base enabled steady performance despite challenges in operating environment. The Bank''s core retail business continues to
Published 10 Feb, 2017 12:00am
Allied Bank posts Rs 14.427 billion profit
Currency

Allied Bank posts Rs 14.427 billion profit

The Allied Bank Limited''''s multi-faceted strategy of diversifying the business mix and sustained focus on deepening low-cost deposit base enabled steady performance despite challenges in operating environment. The Bank''''s core retail business continue
Published 10 Feb, 2017 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Feb, 2017 12:00am
FTB to discuss PM's export incentive package today

FTB to discuss PM's export incentive package today

The Federal Textile Board (FTB) will meet on Friday (today) to discuss Prime Minister's Export Incentive Package with respect to enhancement of textile exports as well as the formulation of a long term plan for the development of the sector.
Published 10 Feb, 2017 12:00am
FTB to discuss PM's export incentive package today

FTB to discuss PM's export incentive package today

The Federal Textile Board (FTB) will meet on Friday (today) to discuss Prime Minister's Export Incentive Package with respect to enhancement of textile exports as well as the formulation of a long term plan for the development of the sector.
Published 10 Feb, 2017 12:00am
FTB to discuss PM''s export incentive package today

FTB to discuss PM''s export incentive package today

The Federal Textile Board (FTB) will meet on Friday (today) to discuss Prime Minister''s Export Incentive Package with respect to enhancement of textile exports as well as the formulation of a long term plan for the development of the sector.
Published 10 Feb, 2017 12:00am
Power sector payables soar by 18.5 billion in four weeks

Power sector payables soar by 18.5 billion in four weeks

The power sector's payables to Pakistan State Oil rose by Rs 18.5 billion during the four weeks ending February 8, according to official documents secured by this correspondent. The documents show a total of Rs 277.8 billion PSO receivables that emanate f
Published 10 Feb, 2017 12:00am
Power sector payables soar by 18.5 billion in four weeks

Power sector payables soar by 18.5 billion in four weeks

The power sector's payables to Pakistan State Oil rose by Rs 18.5 billion during the four weeks ending February 8, according to official documents secured by this correspondent. The documents show a total of Rs 277.8 billion PSO receivables that emanate f
Published 10 Feb, 2017 12:00am
Power sector payables soar by 18.5 billion in four weeks

Power sector payables soar by 18.5 billion in four weeks

The power sector''s payables to Pakistan State Oil rose by Rs 18.5 billion during the four weeks ending February 8, according to official documents secured by this correspondent. The documents show a total of Rs 277.8 billion PSO receivables that emanate
Published 10 Feb, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (February 09, 2017).

Published 10 Feb, 2017 12:00am
'Nato has shortfall of troops in Afghanistan'

'Nato has shortfall of troops in Afghanistan'

The commander of US and Nato forces in Afghanistan said Thursday that the coalition had a shortfall of a "few thousands" of troops in the country. General John Nicholson was testifying before the Senate Armed Services Committee about the force training an
Published 10 Feb, 2017 12:00am
37 Brigadiers promoted to Major General's rank

37 Brigadiers promoted to Major General's rank

Chief of Army Staff (CoAS) General Qamar Javed Bajwa chaired an occasion in General Headquarters (GHQ) in which promotion board from Brigadiers to Major General was held on Thursday. According to the Inter-Services Public Relations (ISPR), 37 Brigadiers h
Published 10 Feb, 2017 12:00am
37 Brigadiers promoted to Major General's rank

37 Brigadiers promoted to Major General's rank

Chief of Army Staff (CoAS) General Qamar Javed Bajwa chaired an occasion in General Headquarters (GHQ) in which promotion board from Brigadiers to Major General was held on Thursday. According to the Inter-Services Public Relations (ISPR), 37 Brigadiers h
Published 10 Feb, 2017 12:00am
Wikipedia editors ban 'unreliable' Daily Mail as source

Wikipedia editors ban 'unreliable' Daily Mail as source

Wikipedia editors have voted to ban the use of articles from British tabloid The Daily Mail and its globally popular website as sources, calling them "unreliable", according to a statement. English-language editors of the online encyclopaedia cited the ne
Published 10 Feb, 2017 12:00am
Wikipedia editors ban 'unreliable' Daily Mail as source

Wikipedia editors ban 'unreliable' Daily Mail as source

Wikipedia editors have voted to ban the use of articles from British tabloid The Daily Mail and its globally popular website as sources, calling them "unreliable", according to a statement. English-language editors of the online encyclopaedia cited the ne
Published 10 Feb, 2017 12:00am
THE RUPEE: sharp gains
Currency

THE RUPEE: sharp gains

The rupee recovered sharply against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee picked up one paisa versus the dollar for buying and selling at Rs 104.80 and Rs 104.81 respectively.
Published 10 Feb, 2017 12:00am
Wikipedia editors ban ''unreliable'' Daily Mail as source

Wikipedia editors ban ''unreliable'' Daily Mail as source

Wikipedia editors have voted to ban the use of articles from British tabloid The Daily Mail and its globally popular website as sources, calling them "unreliable", according to a statement. English-language editors of the online encyclopaedia cited the ne
Published 10 Feb, 2017 12:00am
THE RUPEE: sharp gains
Currency

THE RUPEE: sharp gains

The rupee recovered sharply against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee picked up one paisa versus the dollar for buying and selling at Rs 104.80 and Rs 104.81 respectively.
Published 10 Feb, 2017 12:00am
Success can breed complacency
Currency

Success can breed complacency

Fitch Ratings has affirmed Pakistan's Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) at 'B' with stable outlooks. This is undoubtedly good news. Fitch Ratings has recognised that country's foreign exchange reserves have strengthened, f
Published 10 Feb, 2017 12:00am
Fata's flamboyance

Fata's flamboyance

A group of Federally Administered Tribal Areas (Fata) and other MNAs got really angry and agitated in the National Assembly's session on February 7 when it became known that the federal cabinet had dropped the Fata reforms package item from its agenda in
Published 10 Feb, 2017 12:00am
Need for chartered tax institute

Need for chartered tax institute

To be the premier body providing effective institutional support to members and promoting convergence of interests with government, using taxation as a tool for the nation's economic advancement; and to attain the highest standard of technical and profess
Published 10 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (February 09, 2017).

Published 10 Feb, 2017 12:00am
Whither Saarc

Whither Saarc

With over 20 percent of the world's population and 40 percent of the poverty-stricken, South Asia remains one of the world's poorest regions. Political strife, distrust and occasional clashes undermine integration in a region with a history of territorial
Published 10 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (February 09, 2017).

Published 10 Feb, 2017 12:00am
Legal battle over travel ban pits Trump's powers against his own words

Legal battle over travel ban pits Trump's powers against his own words

A US appeals court is weighing arguments for and against President Donald Trump's temporary travel ban, but its decision this week may not yet answer the underlying legal questions being raised in the fast-moving case. The 9th US Circuit Court of Appeals
Published 10 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 Thursday (February 09, 2017).

Published 10 Feb, 2017 12:00am
CPEC: We must pull our socks up
Currency

CPEC: We must pull our socks up

That China's 'One Belt, One Road' concept has found a new currency is a fact that has found its best expression from British prime minister Theresa May's decision to visit China this year. According to media reports, Britain is likely to join China's land
Published 10 Feb, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (February 09, 2017)

Published 10 Feb, 2017 12:00am
US MIDDAY: gold slips

US MIDDAY: gold slips

Gold slipped on Thursday from a three-month high in the previous session after robust US economic data pointed to a stronger economy, increasing the likelihood that the Federal Reserve will raise US interest rates. The data showing rising US wholesale inv
Published 10 Feb, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (February 09, 2017).

Published 10 Feb, 2017 12:00am
Brazil minister backs robusta imports

Brazil minister backs robusta imports

Agriculture Minister Blairo Maggi is convinced that Brazil should allow its local coffee processing industry to import robusta beans following a poor harvest but says the move is strongly opposed by growers and the outcome is uncertain.
Published 10 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 10 Feb, 2017 12:00am
Gold steadies near three-month highs in Europe

Gold steadies near three-month highs in Europe

Gold steadied near three-month highs on Thursday as political risk in Europe and the United States drove demand for bullion as a safe haven. Spot gold was down 0.1 percent at $1,240.31 an ounce at 1312 GMT, having struck its highest since November 11 at $
Published 10 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 10 Feb, 2017 12:00am
Gold hovers near three-month highs in Asia

Gold hovers near three-month highs in Asia

Gold held near 3-month highs on Thursday as political risks from elections in Europe and worries over US President Donald Trump's policies buoyed safe haven demand for the bullion. Spot gold dipped 0.1 percent to $1,240 per ounce at 0708 GMT. On Wednesday
Published 10 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (February 09, 2017).

Published 10 Feb, 2017 12:00am
Gold climbs in New York

Gold climbs in New York

Gold rose to a three-month peak on Wednesday, as political risks posed by elections in Europe and worries over US President Donald Trump's policies stoked safe haven demand. Investors are concerned about the strong showing in the French presidential race
Published 10 Feb, 2017 12:00am
The Weather

The Weather

The weather report on Thursday (February 09, 2017) and the forecast for Friday (January 10, 2017).

Published 10 Feb, 2017 12:00am
Robusta coffee rebounds after setting 2017 low

Robusta coffee rebounds after setting 2017 low

Robusta coffee futures on ICE rebounded on Thursday after setting a 2017 low as the market's recent slide at least temporarily ran out of steam. March robusta coffee futures were up $23, or 1.1 percent, at $2,129 per tonne at 1440 GMT. The front month ear
Published 10 Feb, 2017 12:00am
Raw sugar price rally seen stalling in 2017 as deficit fades

Raw sugar price rally seen stalling in 2017 as deficit fades

A rally that took raw sugar prices to an over four-year high in late 2016 was expected to run out of steam this year, as Brazil's main sugar belt looked set for record output that will reduce a world supply deficit, a Reuters poll showed. The world's suga
Published 10 Feb, 2017 12:00am
Rubber falls

Rubber falls

Benchmark Tokyo rubber futures fell on Thursday, dragged down by weaker Shanghai futures, but lingering worries over tighter supply from top producer Thailand curbed losses. The Tokyo Commodity Exchange rubber contract for July delivery finished down 1.3
Published 10 Feb, 2017 12:00am
Oil up after gasoline stock draw, but market bloated

Oil up after gasoline stock draw, but market bloated

Oil prices rose on Thursday after an unexpected draw in US gasoline inventories pointed to higher demand in the world's biggest oil market, although bloated crude supplies meant that fuel markets remain under pressure. Benchmark Brent crude was up 60 cent
Published 10 Feb, 2017 12:00am
Copper slips from highs but supply risks lend support

Copper slips from highs but supply risks lend support

Copper eased on Thursday as concerns over whether the supply and demand backdrop justified its recent rally prompted some to cash in the previous day's gains, though it remained underpinned by the threat of supply disruptions. Workers at the world's large
Published 10 Feb, 2017 12:00am
Shanghai copper climbs

Shanghai copper climbs

Shanghai Futures Exchange copper advanced 0.5 percent to 47,410 yuan ($6,900) a tonne on Thursday. The potential for supply disruptions has become an increasing focus in copper markets in the past month, Goldman Sachs said in a report, with workers at the
Published 10 Feb, 2017 12:00am
Cotton halts three-day slide ahead of WASDE report
Cotton

Cotton halts three-day slide ahead of WASDE report

ICE Cotton futures edged up on Wednesday to snap a three-day losing streak on cautious buying ahead of the monthly supply and demand report from the US government. "There was a little bit of mill buying but it was very low today, with traders waiting for
Published 10 Feb, 2017 12:00am
Helmet restriction for bikers ends

Helmet restriction for bikers ends

The helmet-wearing rule that was made compulsory for bikers in Karachi ended on Thursday with the appointment of new Traffic Deputy Inspector General (DIG). According to details, former DIG Amir Shaikh had made helmet-wearing mandatory for bikers in Karac
Published 10 Feb, 2017 12:00am
Musharraf for creating third political force in Sindh

Musharraf for creating third political force in Sindh

General Pervez Musharraf (retd) is focusing on appealing to voters in interior Sindh, the bastion of Pakistan Peoples' Party (PPP), with the help of Muslim League Functional and Pakistan Sarzameen Party (PSP). The former military dictator recently held se
Published 10 Feb, 2017 12:00am
Inconsistency found in price of sugar

Inconsistency found in price of sugar

There is an inconsistency in the retail sugar price between average price of the commodity calculated by government and in the open market. According to market sources, the sweetener's price is ranging between 72 to 74 per kg in the open market while the
Published 10 Feb, 2017 12:00am
Song Taiji meets Shahbaz

Song Taiji meets Shahbaz

Chief Executive Officer Sahiwal Coal Power Project Song Taiji called on Punjab Chief Minister Shahbaz here Thursday. CM applauded him and his team for their fast pace of work on 1320 Mega Watt coal project. While addressing on the occasion, CM said that t
Published 10 Feb, 2017 12:00am
PIEDMC chief hails SIE's extension plan

PIEDMC chief hails SIE's extension plan

The Punjab Industrial Estates Development and Management Company (PIEDMC) Chairman Rizwan Khalid Butt has welcomed the Punjab Chief Minister's direction to evolve an extension plan for the Sundar Industrial Estate. The PIEDMC chairman in a statement on Th
Published 10 Feb, 2017 12:00am
LNG project completely private-to-private venture: minister

LNG project completely private-to-private venture: minister

Federal Minister for Finance, Senator Ishaq Dar, chaired a meeting with senior executives representing the multinational consortium which is developing the first private sector LNG supply project in Pakistan. The consortium comprises of leading multinatio
Published 10 Feb, 2017 12:00am
Parliament to become first 'Green Parliament' in world: NA Speaker

Parliament to become first 'Green Parliament' in world: NA Speaker

Speaker of National Assembly, Sardar Ayaz Sadiq on Thursday said parliament of Pakistan would become the first 'Green Parliament' in the world as work has been started to shift energy needs of parliament on solar energy. Addressing a seminar regarding the
Published 10 Feb, 2017 12:00am
Student killed, four hurt in Gwadar accident

Student killed, four hurt in Gwadar accident

A student was killed and four others injured when a vehicle overturned in New Town area of Gwadar on Thursday morning. According to police sources, the accident took place when the vehicle with students on board toppled due to over speeding near Jinnah Av
Published 10 Feb, 2017 12:00am
Six terrorists killed, arms recovered

Six terrorists killed, arms recovered

At least six terrorists were killed, arms and explosives recovered after exchange of fire with police here on Thursday. SSP Malir, Rao Anwaar said that on intelligence tipoff regarding presence of extremists, the police conducted operation at Super Highwa
Published 10 Feb, 2017 12:00am
Pakistan, Netherlands discuss trade, investment

Pakistan, Netherlands discuss trade, investment

The second round of annual bilateral political consultations between Pakistan and the Netherlands was held on Thursday here at the Ministry of Foreign Affairs. Ambassador Zaheer A Janjua, Additional Secretary (Europe) led the Pakistan side while the Dutch
Published 10 Feb, 2017 12:00am
Green Pakistan Programme launched in provinces

Green Pakistan Programme launched in provinces

The whole rural and urban population of the country would be urged to plant indigenous species of trees in their respective areas to combat adverse impacts of climate change. Federal Minister for Climate Change Zahid Hamid said this here on Thursday while
Published 10 Feb, 2017 12:00am
PPA denies import of porcine material for poultry feed

PPA denies import of porcine material for poultry feed

Pakistan Poultry Association (Northern Zone) has categorically made it clear that the poultry feed is not being imported in Pakistan. Under Pakistani law, the import of any ingredient that contains material of porcine origin is banned. This was disclosed
Published 10 Feb, 2017 12:00am
CM for Small Farmers Development Corporation

CM for Small Farmers Development Corporation

Punjab Chief Minister Shehbaz Sharif presided over a meeting in which headway of implementation of Kissan Package and provision of interest-free loans to small cultivators were reviewed. Addressing the meeting, Punjab Chief Minister said that PML-N govern
Published 10 Feb, 2017 12:00am
Bureaucrats create hurdles in establishment of Dairy Science Park

Bureaucrats create hurdles in establishment of Dairy Science Park

Bureaucrats are not ready to accept the innovative Dairy Science Park (DSP) floated by an academician for the development of livestock sector, achieving the goals of hygienic/halal food for local consumption and export of US $2 billion and to generate sel
Published 10 Feb, 2017 12:00am
WWF-Pakistan and CPPG conduct two-day workshop

WWF-Pakistan and CPPG conduct two-day workshop

WWF-Pakistan, in collaboration with Centre for Public Policy and Governance (CPPG), Forman Christian (FC) College, arranged a two-day provincial workshop on trans-boundary water governance focused on raising awareness and increasing the capacity of Civil
Published 10 Feb, 2017 12:00am
FIO orders disbursement of Rs 10.06 million to policyholders

FIO orders disbursement of Rs 10.06 million to policyholders

Federal Insurance Ombudsman (FIO) Raeesuddin Paracha has ordered payment of accumulative Rs 10.06 million monetary relief to policyholders in the form of amicable settlement of different claims filed to the secretariat.
Published 10 Feb, 2017 12:00am
PACP provides free medicines for hepatitis/HIV carriers

PACP provides free medicines for hepatitis/HIV carriers

The Punjab AIDS Control Program organized free month-long medical camp for truck and bus drivers at Machi Ke Truck Adda in Sheikhupura. In the camp, free medical tests for Blood Group, Hepatitis B & C and HIV tests of truck and bus drivers are being condu
Published 10 Feb, 2017 12:00am
Manhandling of judge: LHC allows three lawyers to engage counsel

Manhandling of judge: LHC allows three lawyers to engage counsel

A full bench of the Lahore High Court on Thursday allowed three lawyers to engage a counsel for their defence in proceedings about manhandling a judicial officer. Barrister Ehtesham Ameeruddin, Mehar Ahsan and Inam accused of manhandling Additional Distri
Published 10 Feb, 2017 12:00am
Reforms to develope higher education sector in the offing

Reforms to develope higher education sector in the offing

Provincial higher education minister, Syed Raza Ali Gillani has said that a comprehensive reforms programme is underway to develop the higher education sector according to needs of the 21st century, so that the country could progress through human resourc
Published 10 Feb, 2017 12:00am
Moon eclipse tomorrow

Moon eclipse tomorrow

Pakistan's horizons are again set to go through a moon eclipse on Saturday (tomorrow) from 3:34 am to 5:44 am, the Met Office said. It said that the lunar eclipse would be visible in Pakistan with many other countries in Europe, Africa, Asia and America.
Published 10 Feb, 2017 12:00am
SU VC announces shifting of CRDC to DMS

SU VC announces shifting of CRDC to DMS

The Vice Chancellor, University of Sindh, Professor Dr Fateh Muhammad Burfat on Thursday announced shifting Centre for Rural Development Communication (CRDC) from its present premises to the Department of Media Studies (DMS) building and providing all the
Published 10 Feb, 2017 12:00am
Three female students among four killed in road accident

Three female students among four killed in road accident

Four people including three female students of Federal Urdu University (Science Campus) were killed while five others were injured when a speeding passenger bus overturned at University Road near Bait-ul-Mukarram Masque, here on Thursday. Police and eyewi
Published 10 Feb, 2017 12:00am
BISP budget increased to Rs 115 billion from Rs 40 billion: Marvi Memon

BISP budget increased to Rs 115 billion from Rs 40 billion: Marvi Memon

Benazir Income Support Programme (BISP) Chairperson Marvi Memon said Thursday the BISP budget has been increased to Rs 115 billion from Rs 40 billion by Prime Minister Nawaz Sharif who is very conscious to promote social uplift in the country. She was tal
Published 10 Feb, 2017 12:00am
Establishing 'new Balakot city': KP Assembly panel takes notice of delay

Establishing 'new Balakot city': KP Assembly panel takes notice of delay

Standing Committee of Khyber Pakhtunkhwa Assembly on the rehabilitation of the earthquake affectees of district Mansehra has taken stern notice of long delay in the establishment of New Balakot, Bakriyal city for the rehabilitation and re-settlement of th
Published 10 Feb, 2017 12:00am
FSF threatens to besiege Governor House

FSF threatens to besiege Governor House

Fata Students Federation (FSF) has expressed serious concern over the dropping of FATA merger issue from the federal cabinet and described it tantamount to denial of basic rights to the people of tribal regions. FSF President Shaukat Aziz said if the gove
Published 10 Feb, 2017 12:00am
Australian HC visits PSX

Australian HC visits PSX

Australian High Commissioner Margaret Adamson Thursday visited Pakistan Stock Exchange (PSX). On her visit to PSX, a ceremony was held at main trading hall of the Exchange. The High Commissioner rang the traditional opening bell. Talking to reporters on t
Published 10 Feb, 2017 12:00am
Sindh Bank appoints consultants for due diligence

Sindh Bank appoints consultants for due diligence

State Bank of Pakistan on December 27, 2016, gave Sindh Bank, it's in principle approval to conduct due Diligence of Summit Bank. Accordingly, Sindh Bank after following the prescribed rules of SPPRA proposed the consortium of consultants to their Board o
Published 10 Feb, 2017 12:00am
Pharma industry opposes drugs authority's devolution

Pharma industry opposes drugs authority's devolution

The chairman of the Pakistan Pharmaceutical Manufacturers Association warned on Thursday that the pharmaceutical industry will launch a protest drive if the regulatory regime for manufacturing and sale of medicines were devolved from the federal to provin
Published 10 Feb, 2017 12:00am
Faysal Bank signs two agreements with Adamjee Life Assurance

Faysal Bank signs two agreements with Adamjee Life Assurance

Faysal Bank, one of the leading banks of Pakistan, has recently signed two agreements with Adamjee Life Assurance Company Ltd. According to this agreement, Faysal Bank will now offer additional Adamjee Life Assurance products to its existing and potential
Published 10 Feb, 2017 12:00am
UBL hosts leading social media bloggers at its head office

UBL hosts leading social media bloggers at its head office

UBL, Pakistan's Best Bank 2016, maintains an extensive social media presence. With over 1.5 million Facebook fans, UBL ranks No. 14 among the world's top Facebook pages for banks. Leveraging its popularity on digital media, UBL recently hosted some of the
Published 10 Feb, 2017 12:00am
Pak Suzuki holds Ciaz launch event

Pak Suzuki holds Ciaz launch event

Pak Suzuki Motor Co Ltd hosted a launch for their new luxury Sedan The Suzuki Ciaz. The event was held at Royal Palm Golf and Country Club on the 8th of February, 2017. Hirofumi Nagao (MD, Pak Suzuki) and Azam Mirza (GM Marketing, Pak Suzuki) were present
Published 10 Feb, 2017 12:00am
Injectable polio vaccine campaign from February 13

Injectable polio vaccine campaign from February 13

The Emergency Operation Centre (EOC) for polio, Sindh will launch the first phase of injectable polio vaccine (IPV) campaign in selected areas from February 13 and will continue till February 21, 2017. The campaign will be conducted in 136 union councils
Published 10 Feb, 2017 12:00am
Bilingual declamation contest held at DHA College

Bilingual declamation contest held at DHA College

All Pakistan Bilingual Declamation Contest was held at Defence Authority Degree College, Karachi. Sixteen teams from reputed educational institutions of the metropolis and four outstation teams from Hyderabad, Lahore and Quetta comprising two speakers eac
Published 10 Feb, 2017 12:00am
Dual carriageway on Karachi Northern Bypass demanded

Dual carriageway on Karachi Northern Bypass demanded

President of Lasbela Chamber of Commerce of Commerce and Industry (LCCI), Ismail Suttar, has demanded of the National Highway Authority (NHA) to complete the dual-carriageway on the Karachi Northern Bypass in order to ease the heavy industrial and commerc
Published 10 Feb, 2017 12:00am
Establishing 'new Balakot city': KP Assembly panel takes notice of delay

Establishing 'new Balakot city': KP Assembly panel takes notice of delay

Standing Committee of Khyber Pakhtunkhwa Assembly on the rehabilitation of the earthquake affectees of district Mansehra has taken stern notice of long delay in the establishment of New Balakot, Bakriyal city for the rehabilitation and re-settlement of th
Published 10 Feb, 2017 12:00am
APNS condolence

APNS condolence

Sarmad Ali, President and Umer Mujib Shami, Secretary General of the All Pakistan Newspapers Society on behalf of the office-bearers and members of the Society have expressed profound grief over the sad demise of Malik Ayaz Khokhar, Resident Editor of Dai
Published 10 Feb, 2017 12:00am
Iranian diplomat accuses US of violating nuclear agreement

Iranian diplomat accuses US of violating nuclear agreement

Peshawar-based Consular General of Iran, Muhammad Baaqir Beigi has accused the United States for violation of nuclear agreement with Iran and asked her for respecting nuclear agreements including that signed with Iran. Addressing a reception in honour of
Published 10 Feb, 2017 12:00am
ITOCHU Corp delegation visits TDAP
Cotton

ITOCHU Corp delegation visits TDAP

A delegation from ITOCHU Corporation, Japan visited Trade Development Authority of Pakistan (TDAP) and had a meeting with Secretary TDAP. The delegation was headed by Toru Hisabayashi, General Manager, ITOCHU Corporation. During the meeting the GM, ITOCHU
Published 10 Feb, 2017 12:00am
NA adopts 17 bills in 39th session

NA adopts 17 bills in 39th session

The National Assembly carried out heavy legislative agenda during its 39th session and passed 17 bills, including two private members' bills. It is for the first time that the incumbent National Assembly has passed a private member bill since 2013. The pa
Published 10 Feb, 2017 12:00am
'Government policies being acknowledged globally'

'Government policies being acknowledged globally'

Minister of State for Capital Administration and Development Division (CADD), Dr Tariq Fazal Chaudhry has said that the incumbent government has put the country on the road to progress and development, which is being acknowledged by the international orga
Published 10 Feb, 2017 12:00am
State Department hosts farewell reception for Jalil Abbas

State Department hosts farewell reception for Jalil Abbas

The office of the Chief of Protocol at the State Department, hosted a farewell reception in honor of Ambassador Jalil Abbas Jilani on Wednesday. The reception, held at the prestigious Blair House, was attended by a large number of Administration officials
Published 10 Feb, 2017 12:00am
Chinese bank provides $20 million for rapid transit project

Chinese bank provides $20 million for rapid transit project

China's largest commercial bank announced that it provided short-term financing of dollar 20 million for a rapid transit-line project in Pakistan last month. The 26-kilometer Orange Line project currently under construction in Lahore is being built accord
Published 10 Feb, 2017 12:00am
Chinese bank provides $20 million for rapid transit project

Chinese bank provides $20 million for rapid transit project

China's largest commercial bank announced that it provided short-term financing of dollar 20 million for a rapid transit-line project in Pakistan last month. The 26-kilometer Orange Line project currently under construction in Lahore is being built accord
Published 10 Feb, 2017 12:00am
'But now we have to replan our whole life'

'But now we have to replan our whole life'

A Pakistani activist abducted last month has broken his silence on his weeks-long disappearance. Ahmad Waqass Goraya was among five activists who vanished in Pakistan in early January. Goraya was freed at the end of January along with at least three other
Published 10 Feb, 2017 12:00am
Pakistan, Romania enjoy excellent relations: envoy

Pakistan, Romania enjoy excellent relations: envoy

Nicolae Goia Ambassador of Romania, a guest speaker at a ceremony of the Rotary Club Islamabad Metropolitan has stated that Romania and Pakistan had all along enjoyed excellent friendly relations. He informed the gathering that Romania was fastest growing
Published 10 Feb, 2017 12:00am
SMEDA holds pre-budget consultative workshop

SMEDA holds pre-budget consultative workshop

Small and Medium Enterprises Development Authority (SMEDA) organized a pre-budget consultative session to solicit the inputs of the different business sectors for inclusion in the federal budget for financial year 2017-18. The consultative workshop was at
Published 10 Feb, 2017 12:00am
Public universities join PM's Green Pakistan campaign

Public universities join PM's Green Pakistan campaign

On the launch of Prime Minister's Green Pakistan Program on Thursday public sectors universities in Lahore launched tree plantation campaign in their campuses. While addressing tree plantation campaign Punjab University Vice Chancellor Professor Dr Zafar
Published 10 Feb, 2017 12:00am
LHC quashes sentence of Gullu Butt

LHC quashes sentence of Gullu Butt

A division bench of the Lahore High Court here Thursday quashed sentence of an infamous character of Model Town incident, Gullu Butt. An anti-terrorism court in October 2014 had awarded a collective sentence of eleven-year-three-month to Shahid Aziz alias
Published 10 Feb, 2017 12:00am
SME Bank officials urged to visit LCCI

SME Bank officials urged to visit LCCI

The Lahore Chamber of Commerce and Industry has urged the high-ups of the SME Bank to visit the Lahore Chamber to address the reservations of small and medium enterprises. While talking to a delegation of small and medium enterprises on Thursday, the LCCI
Published 10 Feb, 2017 12:00am
Green Pakistan Programme launched

Green Pakistan Programme launched

The federal governments' initiative to improve the forest cover of Pakistan through Green Pakistan Programme was formally launched on February 09, 2017, all across the country. The Punjab Forest Department also launched the programme by planting 100,000 s
Published 10 Feb, 2017 12:00am
PIAF expresses concern over rising external debt

PIAF expresses concern over rising external debt

Pakistan Industrial and Traders Associations Front (PIAF) has said that Pakistan's external debt was primarily increasing because of the government's inability to enhance exports and attract foreign direct investment. The PIAF chairman Irfan Iqbal Sheikh
Published 10 Feb, 2017 12:00am
UVAS symposium calls for reforms to enhance fish production

UVAS symposium calls for reforms to enhance fish production

Fisheries experts at a two-day fisheries symposium and expo has called for fisheries policy reforms, genetic improvement and diversification in fish farming (starting tilapia, shrimp and catfish culture) in the country to enhance fish production and per c
Published 10 Feb, 2017 12:00am
Panama case decision will herald corruption-free Pakistan: Siraj

Panama case decision will herald corruption-free Pakistan: Siraj

Chief of Jamaat e Islami Pakistan, Senator Sirajul Haq, has said that Pakistan would emerge as a corruption free country in the world following the decision in the Panama leaks case. He was addressing the participants of the JI central workshop at Mansoor
Published 10 Feb, 2017 12:00am
PML-Q supports making Fata part of KPK

PML-Q supports making Fata part of KPK

Pakistan Muslim League-Q (PML-Q) President and former Prime Minister Chaudhry Shujat Hussain on Thursday said that Fata should be made part of Khyber Pakhtunkhwa to remove deprivations of people of Fata. While talking to his party's senior vice-president
Published 10 Feb, 2017 12:00am
Cashier gunned down by robbers

Cashier gunned down by robbers

Three unidentified gunmen killed a cashier of a bakery during a dacoity bid in Green Town area, police and eye witnesses said on Thursday. It is reported that three unidentified robbers tried to snatch gun from the security guard of a famous bakery 'Gourm
Published 10 Feb, 2017 12:00am
Punjab to adopt Environmental Ambiance Standards

Punjab to adopt Environmental Ambiance Standards

Punjab government has evolved an effective action plan regarding occupational safety and health to secure the industrial workers who remain exposed to respire-able dust particularly Silica Dust Micro-crystals which causes a dangerous lungs disorder "Silic
Published 10 Feb, 2017 12:00am
USAID signs MoU with BARI to establish ORC

USAID signs MoU with BARI to establish ORC

USAID signed a Memorandum of Understanding with the Barani Agriculture Research Institute (BARI) to establish an Olive Research Center (ORC) and a grant agreement with the Olive Foundation to conduct research to facilitate private sector investment. The s
Published 10 Feb, 2017 12:00am
Speakers urge government/army to take notice of Indian water aggression

Speakers urge government/army to take notice of Indian water aggression

Speakers at a 'Kissan Conference' urged the government and armed forces to take notice of Indian water aggression against Pakistan besides the threats of breaching the Indus Basin Water Treaty. Kissan conference was arranged by the Pakistan Mutthida Kissa
Published 10 Feb, 2017 12:00am
'Huge disconnect between IT business and academia', COO - InfoTech

'Huge disconnect between IT business and academia', COO - InfoTech

With over 30 years of national and international experience, Asim Haque is an IT & General Management Executive with cross functional and international experience in IT Strategy and IT Management, Sales Management and Sales Operations, Enterprise Relation
Published 10 Feb, 2017 12:00am
'Huge disconnect between IT business and academia', COO - InfoTech

'Huge disconnect between IT business and academia', COO - InfoTech

With over 30 years of national and international experience, Asim Haque is an IT & General Management Executive with cross functional and international experience in IT Strategy and IT Management, Sales Management and Sales Operations, Enterprise Relation
Published 10 Feb, 2017 12:00am
FPCCI body on Customs: Arshad Jamal made chairman

FPCCI body on Customs: Arshad Jamal made chairman

Arshad Jamal has been appointed as Chairman FPCCI standing committee on Customs for year 2017. He is presently serving as senior vice chairman of All Pakistan Customs Agents Association (APCAA). According to a notification 1437-FPCCI-SO-2017, he is author
Published 10 Feb, 2017 12:00am
Sindh-Balochistan CMs: joint committee to resolve water issues amicably

Sindh-Balochistan CMs: joint committee to resolve water issues amicably

Sindh and Balochistan governments have constituted a joint committee to resolve their water-related issues and remove encroachments from their common canal systems for smooth irrigational supplies. The decision to form committee comprising irrigation secr
Published 10 Feb, 2017 12:00am
SSGC decides to disconnect top seven defaulters' connections

SSGC decides to disconnect top seven defaulters' connections

Despite all pursuance and warnings, SSGC has decided to disconnect gas connections of its top seven government sector defaulters. In this regard, SSGC has issued a Final Disconnection Notice to these organizations, giving them a deadline of February 10, 2
Published 10 Feb, 2017 12:00am
Cold and dry weather forecast for next 24 hours

Cold and dry weather forecast for next 24 hours

The continuing snowfall has scaled down temperature in Kalam to minus nine degrees Celsius, as the Met Office forecast cold and dry weather for the country in the next 24 hours.
Published 10 Feb, 2017 12:00am
JCR engaged in predatory pricing: CCP

JCR engaged in predatory pricing: CCP

The Competition Commission of Pakistan (CCP) has observed from the antitrust/competition law perspective that in the credit rating market in Pakistan, debt issuers have no choice but to request rating either from Pakistan Credit Rating Agency (PACRA) or J
Published 10 Feb, 2017 12:00am
JCR engaged in predatory pricing: CCP

JCR engaged in predatory pricing: CCP

The Competition Commission of Pakistan (CCP) has observed from the antitrust/competition law perspective that in the credit rating market in Pakistan, debt issuers have no choice but to request rating either from Pakistan Credit Rating Agency (PACRA) or J
Published 10 Feb, 2017 12:00am
Tribal elders urge government to focus on rehabilitation of Fata

Tribal elders urge government to focus on rehabilitation of Fata

Tribal elders from various agencies of Fata have demanded from the government to take pragmatic steps for reconstruction and rehabilitation of the damaged infrastructure and restoration of sustainable peace in tribal regions before implementation of the p
Published 10 Feb, 2017 12:00am
Customs duty on road safety products made of plastic revised

Customs duty on road safety products made of plastic revised

Directorate General Customs Valuation (DGCV) has revised the customs duty of road safety products made of plastic. During the scrutiny of previous clearance data, it was revealed that road safety products made of plastic (plastic cat eye, reflector, safet
Published 10 Feb, 2017 12:00am
Judges detention case: arrest warrants of Musharraf issued

Judges detention case: arrest warrants of Musharraf issued

Anti-terrorism court on Thursday heard the judges' detention case and declared former president Pervez Musharraf wanted by issuing his arrest warrants. Lawyers of the 73-year-old expressed his concerns about the provision of security for Pervez Musharraf
Published 10 Feb, 2017 12:00am
Traffic system: CM hails Istanbul's cooperation

Traffic system: CM hails Istanbul's cooperation

A high-level delegation of transportation unit of metropolitan municipality Istanbul headed by Mukremin Kara called on Punjab Chief Minister Muhammad Shehbaz Sharif here Thursday. Ideas regarding upgrading of traffic system, traffic re-engineering, improv
Published 10 Feb, 2017 12:00am
Panama case hearing to resume on February 15

Panama case hearing to resume on February 15

The hearing of the Panama Leaks case will resume on February 15. With the recovery of Supreme Court judge Justice Sheikh Azmat Saeed, the five-member bench assigned to hear the case is now complete again. Earlier, the hearing was suspended as justice Shei
Published 10 Feb, 2017 12:00am