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Archive - 2017-02-23
Elements upset with Pakistan's progress, behind recent terror attacks: PM
Front Top News

Elements upset with Pakistan's progress, behind recent terror attacks: PM

ANKARA: Prime Minister Muhammad Nawaz Sharif on Thursday said some elements, upset with the progress of Pakistan, were behind the current spate of terror incidents in country and expressed government's resolve to eliminate terrorism at all costs.
Published 23 Feb, 2017 04:34pm
PTI lays foundation of new Pakistan: Imran Khan
General News

PTI lays foundation of new Pakistan: Imran Khan

PESHAWAR: Pakistan Tehrik-e-Insaf (PTI) Imran Khan chairman Imran Khan Thursday said that PTI has laid the foundation of new strong and stable Pakistan and its was people responsibility to strengthen the party.
Published 23 Feb, 2017 04:22pm
Development, rehabilitation works to continue in city: Mayor
Pakistan Top News

Development, rehabilitation works to continue in city: Mayor

KARACHI: Mayor Karachi Wasim Akhtar on Thursday reiterated his resolve that despite hurdles the development and rehabilitation works will be continued as this city belongs tous and we will never let our next generations down.
Published 23 Feb, 2017 04:14pm
SpaceX cargo ship arrives at space station
Industry

SpaceX cargo ship arrives at space station

MIAMI: An unmanned cargo ship packed with food and supplies for astronauts arrived safely Thursday at the International Space Station, a day after SpaceX aborted the process due to a GPS problem.
Published 23 Feb, 2017 03:19pm
Stock markets struggle as Trump rally hits buffers
Financial

Stock markets struggle as Trump rally hits buffers

PARIS: Global markets struggled to find a clear direction Thursday as their recent strong run sparked by Donald Trump's election ran out of steam and investors digested a fresh batch of European corporate earnings and minutes from the US Federal Reser
Published 23 Feb, 2017 03:10pm
SHC adjourns hearing of plea seeking ban on MQM-P
Front Top News

SHC adjourns hearing of plea seeking ban on MQM-P

KARACHI: The Sindh High Court (SHC) on Thursday adjourned the hearing of a petition, seeking ban on Muttahida Qaumi Movement Pakistan (MQM-P) due to the absence of its counsel Senator Farogh Naseem.
Published 23 Feb, 2017 02:32pm
Sindh govt issues high security alert in Karachi
Pakistan Top News

Sindh govt issues high security alert in Karachi

KARACHI: The Sindh government on Thursday directed Law enforcement agencies and Counter Terrorism Department (CTD) to remain on high alert in in the metropolis to protect exit and entry points of the city.
Published 23 Feb, 2017 02:17pm
Sri Lankan shares end firmer; earnings lift sentiment
Financial

Sri Lankan shares end firmer; earnings lift sentiment

COLOMBO: Sri Lankan shares ended slightly firmer on Thursday, further moving away from a more than one-week closing low hit earlier in the week, as better-than-expected corporate earnings boosted sentiment, although concerns over rising rates capped gains
Published 23 Feb, 2017 02:01pm
Sri Lankan rupee ends firmer as exporters sell dollar
Financial

Sri Lankan rupee ends firmer as exporters sell dollar

COLOMBO: The Sri Lankan rupee ended firmer on Thursday as exporters sold the US dollar, but concerns over possible further depreciation in the domestic currency in the absence of central bank guidance weighed on the sentiment, dealers said.
Published 23 Feb, 2017 02:01pm
Gold steady as Fed minutes dampen rate hike expectations
Commodities

Gold steady as Fed minutes dampen rate hike expectations

LONDON: Gold was steady on Thursday after the minutes of the latest Federal Reserve policy meeting further dampened expectations for an interest rate hike next month, lowering US bond yields and stalling upward momentum in the dollar.
Published 23 Feb, 2017 12:58pm
EU gives wiggle room to comply with new derivatives rule
Europe

EU gives wiggle room to comply with new derivatives rule

LONDON: European Union regulators can use discretion in enforcing a new rule for derivatives from next week as long as firms show they are making an effort to comply with changes which some said they had not had enough time to be ready for.
Published 23 Feb, 2017 12:47pm
Copper slides as Chinese demand worries resurface
Commodities

Copper slides as Chinese demand worries resurface

LONDON: Copper prices tumbled on Thursday as worries about demand in top consumer China resurfaced after the country's housing minister suggested moves were afoot to stabilise the property market, while the firm dollar reinforced negative sentiment.
Published 23 Feb, 2017 12:45pm
Asia-Pacific Crude-Trade activity slows
Energy

Asia-Pacific Crude-Trade activity slows

SINGAPORE: Trade on the Asia-Pacific market was muted on Thursday as traders focus on remaining sell tenders that are due to close in the coming days.
Published 23 Feb, 2017 12:42pm
Paceman Umesh takes four as India restrict Australia
Cricket

Paceman Umesh takes four as India restrict Australia

PUNE: Paceman Umesh Yadav claimed four wickets on a pitch that offered big turn to help India restrict Australia to 256 for nine after the touring side had made a solid start on the opening day of the four-match series on Thursday.
Published 23 Feb, 2017 12:40pm
Indian Nomads by Mark Horn
Featured Photos

Indian Nomads by Mark Horn

Photo Credit: Mark Horn%D%AMark Horn is a talented artist, photographer and traveler who currently lives and works in Amsterdam, Kingdom of the Netherlands.
Published 23 Feb, 2017 12:19pm
Helmand Frontline by Andrew Quilty
Featured Photos

Helmand Frontline by Andrew Quilty

Photo Credit: Andrew Quilty%Dntry from Nikon-walkey awards for photojournalism 2016 by Andrew Quilty.
Published 23 Feb, 2017 12:14pm
Fire-Fightin' by Jason Edwards
Featured Photos

Fire-Fightin' by Jason Edwards

Photo Credit: Jason Edwards%Dntry from Nikon-walkey awards for photojournalism 2016 by Jason Edwards.
Published 23 Feb, 2017 12:08pm
Intergalactic Wedding by Neringa Rekasiute
Featured Photos

Intergalactic Wedding by Neringa Rekasiute

Photo Credit: Neringa Rekasiute%D%AIntergalactic Wedding%D%ANeringa Rekasiute is a talented Lithuanian photographer, feminist and social activist, who currently based between Vilnius, Lithuania and London, UK.
Published 23 Feb, 2017 11:57am
Website launched to promote amateur photographers in Pakistan
Arts

Website launched to promote amateur photographers in Pakistan

ISLAMABAD: Pakistan has been named in the list of countries which are providing Stock Photography in the world paving way for Pakistani photographers to earn good name for the country as well as them to make personal financial gain for their good work.
Updated 23 Feb, 2017 11:54am
Rotterdam Architecture by Marco De Groot
Featured Photos

Rotterdam Architecture by Marco De Groot

Photo Credit: Marco De Groot%D%AMarco de Groot is a talented self-taught photographer currently based in Utrecht, The Netherlands.
Published 23 Feb, 2017 11:47am
Pakistan, Turkey ink 10 accords of cooperation
Front Top News

Pakistan, Turkey ink 10 accords of cooperation

ANKARA: Pakistan and Turkey on Thursday entered into 10 accords of cooperation in diverse areas including hydrocarbon and solar energy, and financial intelligence related to terrorism financing.
Published 23 Feb, 2017 11:29am
Prayer Hall by Magomed Shapiev
Featured Photos

Prayer Hall 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 23 Feb, 2017 11:14am
Cure hearing loss with just a shot to your ear!
Technology

Cure hearing loss with just a shot to your ear!

Whilst many people may suffer from the loss of hearing, the reasons may vary. Typically, hearing loss is simply the sound signals not reaching the brain. Hear loss is categorized into two kinds, depending on the nature of the impediment.%D%A%D%A
Published 23 Feb, 2017 11:05am
'SBP never allowed anyone to purchase property abroad'
Top News

'SBP never allowed anyone to purchase property abroad'

%D%ARECORDER REPORT %D%AISLAMABAD: The State Bank of Pakistan (SBP) has acknowledged that money is being laundered through informal channels of Hundi and Hawala and denied that the regulator has ever allowed any individual to purchase property abroad.
Published 23 Feb, 2017 10:57am
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Thursday having 49062.
Published 23 Feb, 2017 10:50am
Economic progress is expected to be 4.9pc
Business & Finance

Economic progress is expected to be 4.9pc

ISLAMABAD: International ratings institution Moody's Corporation has issued a report which says China-Pakistan Economic Corridor (CPEC) will boost economic activities in Pakistan, and the ratio of economic progress is expected to be 4.
Published 23 Feb, 2017 10:36am
Splendid Necked Dung Beetle
Featured Photos

Splendid Necked Dung Beetle

Photo Credit: Levon Biss%D%AMicrosculpture: Insect Portraits Under The Microscope%D%ALevon Biss is a talented British photographer and filmmaker, whos typically shoots portraits of world-class athletes.
Published 23 Feb, 2017 10:33am
Pakistan, Turkey hold 5th HLCC meeting
Pakistan Top News

Pakistan, Turkey hold 5th HLCC meeting

ANKARA: Pakistan and Turkey on Thursday held meeting of fifth High Level Strategic Cooperation Council (HLSCC) with discussions on six key areas including trade, energy, finance, education, communications, and culture and tourism.
Published 23 Feb, 2017 10:01am
Seven new TINY frog species discovered in India
Technology

Seven new TINY frog species discovered in India

A research mission has discovered seven new species of frog in a westward Region of India, The Ghats Mountains. Out of the seven new species, four of them come under the miniature size category, roughly small enough to fit on an adult humans thumbnail.%D%
Published 23 Feb, 2017 09:51am
FESTUM by Lea Godoy
Featured Photos

FESTUM by Lea Godoy

Photo Credit: Lea Godoy%D%ALea Godoy is a multi-disciplined artist, filmmaker and photographer from Philippines, who currently lives and works in Seattle, Washington.
Published 23 Feb, 2017 09:50am
Prime Minister grieved over loss of lives in Lahore blast
General News

Prime Minister grieved over loss of lives in Lahore blast

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Thursday expressed deep grief over the loss of precious lives in a blast in Defence area of Lahore%D%AThe prime minister, who is in Turkey on an official visit, directed the Punjab Government to provide full
Published 23 Feb, 2017 09:49am
Panama Leaks case: SC reserves verdict
Front Top News

Panama Leaks case: SC reserves verdict

ISLAMABAD: Hearing of the Panama case is most likely to be concluded today (Thursday) since the lawyers have been directed to complete their arguments.
Updated 23 Feb, 2017 09:36am
Germany runs up record budget surplus
World

Germany runs up record budget surplus

FRANKFURT AM MAIN: Germany notched up a surplus in its public finances of nearly 24 billion euros last year, its largest since reunification in 1990, official data showed Thursday.
Published 23 Feb, 2017 09:33am
BAE Systems eyes defence spending by Trump
Industry

BAE Systems eyes defence spending by Trump

LONDON: BAE Systems on Thursday delivered an optimistic outlook on government defence spending, in particular by the new US administration led by President Donald Trump.
Published 23 Feb, 2017 09:29am
Rhododendrons by Kristina Makeeva
Featured Photos

Rhododendrons 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 23 Feb, 2017 09:13am
PCB saved Sharjeel, Latif from imprisonment: Shoaib Akhtar
Cricket

PCB saved Sharjeel, Latif from imprisonment: Shoaib Akhtar

Pakistan former fast bowler Shoaib Akhtar has come out all guns blazing against the Pakistan Cricket Board (PCB) Anti-Corruption unit, in wake of the Pakistan Super League (PSL) spot fixing scandal that has rocked the cricketing world.
Published 23 Feb, 2017 08:41am
Mobile App set to facilitate passengers
Industries & Sectors

Mobile App set to facilitate passengers

ISLAMABAD: Pakistan Railways' latest initiative to launch mobile application to reserve seats of their choice without visiting their local reservation offices will facilitate the passengers a lot, an official said on Thursday.
Published 23 Feb, 2017 08:40am
PM given guard of honour at Turkey's Chankaya Palace
Pakistan Top News

PM given guard of honour at Turkey's Chankaya Palace

ANKARA: Prime Minister Muhammad Nawaz Sharif was given a warm welcome Thursday by the government of Turkey with a formal welcome ceremony held here at the Chankaya Palace.
Published 23 Feb, 2017 08:33am
PM visits Ataturk's mausoleum to pay homage
General News

PM visits Ataturk's mausoleum to pay homage

ANKARA: Prime Minister Muhammad Nawaz Sharif on Thursday visited the mausoleum of Mustafa Kemal Ataturk to pay homage to the Turkey's first president and the great leader of country's war of independence.
Published 23 Feb, 2017 08:26am
Tesla slips back into red but revenue grows
Industry

Tesla slips back into red but revenue grows

SAN FRANCISCO: Tesla reported on Wednesday that it slipped back into the red in the recently ended quarter while revenue revved, with orders for some of electric car models hitting record highs.
Published 23 Feb, 2017 08:03am
Bharti Airtel buys Telenor's India operations
Industry

Bharti Airtel buys Telenor's India operations

MUMBAI: Indian telecom giant Bharti Airtel will buy the local operations of Norway's Telenor, it said Thursday, as the ultra-competitive mobile market is shaken up by the country's richest man.
Published 23 Feb, 2017 07:55am
Tokyo shares close lower
Financial

Tokyo shares close lower

TOKYO: Tokyo stocks eased Thursday as a stronger yen weighed on exporters, while Toshiba dived on renewed worries about its future as it tries to shore up a battered balance sheet.
Published 23 Feb, 2017 07:41am
Iraq forces attack IS-held Mosul airport
Middle East

Iraq forces attack IS-held Mosul airport

AL-BUSEIF: Iraqi forces backed by jets, drones and gunships attacked Mosul airport Thursday, a key step in a renewed offensive against militants defending their stronghold on the city's west bank.
Published 23 Feb, 2017 07:40am
Rangers to fight Punjab militants
General News

Rangers to fight Punjab militants

FAZAL SHER%D%A%D%AISLAMABAD: The federal government on Wednesday formally granted powers to Rangers to carry out operations in Punjab under the Anti-Terrorism Act for 60 days.
Published 23 Feb, 2017 06:58am
SNGPL: Looking up
Miscellaneous

SNGPL: Looking up

Sui Northern Gas Pipelines Limited (PSX: SNGP) announced its half-yearly result yesterday which showed considerable improvement on the firms bottomline on a year-on-year basis.
Published 23 Feb, 2017 06:47am
Three soldiers killed as IoK fighters attack on army convoy
Pakistan Top News

Three soldiers killed as IoK fighters attack on army convoy

SHOPIAN: Three Indian soldiers and a woman were killed when freedom fighters attack a patrol in Indian occupied South Kashmir (IoK) early on Thursday, part of an upsurge of violence that has hit the restive northern region as it emerges from winter.
Published 23 Feb, 2017 06:47am
Regulating on-demand economy
Miscellaneous

Regulating on-demand economy

On-demand services such as online retail, cab/ride sharing, short-term lodging, and handyman services can help bring in productivity, innovation, quality, and in the process, new jobs and a degree of allocative efficiency to the economy.
Published 23 Feb, 2017 06:46am
Kohat: Becoming a game player
Miscellaneous

Kohat: Becoming a game player

Kohat is one of those mid-tier cement companies that have been slowly moving toward joining the big boys league; and its impressively growing margins speaks volumes.
Published 23 Feb, 2017 06:42am
Powering Pioneer
Miscellaneous

Powering Pioneer

Despite being a small player in the cement industry, Pioneer is not lacking in ambition.
Published 23 Feb, 2017 06:40am
WTO ratifies first multilateral trade deal

WTO ratifies first multilateral trade deal

The first multilateral deal agreed at the World Trade Organisation came into force Wednesday, a step billed as a milestone for the body facing unprecedented threats from a hostile US administration. The Trade Facilitation Agreement (TFA) has now been rati
Published 23 Feb, 2017 12:00am
WTO ratifies first multilateral trade deal

WTO ratifies first multilateral trade deal

The first multilateral deal agreed at the World Trade Organisation came into force Wednesday, a step billed as a milestone for the body facing unprecedented threats from a hostile US administration. The Trade Facilitation Agreement (TFA) has now been rati
Published 23 Feb, 2017 12:00am
WTO ratifies first multilateral trade deal

WTO ratifies first multilateral trade deal

The first multilateral deal agreed at the World Trade Organisation came into force Wednesday, a step billed as a milestone for the body facing unprecedented threats from a hostile US administration. The Trade Facilitation Agreement (TFA) has now been rati
Published 23 Feb, 2017 12:00am
Six workers killed in India factory fire

Six workers killed in India factory fire

Six factory workers were burnt to death Wednesday in the southern Indian city of Hyderabad after a fire broke out at an air conditioning manufacturing unit, police said. The workers were sleeping inside the factory premises when a suspected electric short
Published 23 Feb, 2017 12:00am
France's Macron boosted by alliance with veteran centrist

France's Macron boosted by alliance with veteran centrist

French presidential candidate Emmanuel Macron received a boost Wednesday after veteran centrist Francois Bayrou announced an alliance to counter the "major threat" posed by the far right. Bayrou, who had hinted for months at his own presidential run, ende
Published 23 Feb, 2017 12:00am
India contests China on issues of Masood Azhar, NSG

India contests China on issues of Masood Azhar, NSG

India on Wednesday dismissed China's contention that it has not furnished enough evidence against Masood Azhar, with foreign secretary S Jaishankar telling senior Chinese officials that the burden of proof is not on New Delhi, reports Indian media. China'
Published 23 Feb, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
India contests China on issues of Masood Azhar, NSG

India contests China on issues of Masood Azhar, NSG

India on Wednesday dismissed China's contention that it has not furnished enough evidence against Masood Azhar, with foreign secretary S Jaishankar telling senior Chinese officials that the burden of proof is not on New Delhi, reports Indian media. China'
Published 23 Feb, 2017 12:00am
20 held as Bahrain approves military trial of civilians

20 held as Bahrain approves military trial of civilians

Bahraini police have arrested 20 people in a crackdown on Shia villages, as legislators approved a constitutional amendment that could see civilians tried in military courts in the Sunni-ruled kingdom. The lower house of parliament on Tuesday voted in fav
Published 23 Feb, 2017 12:00am
Historic high: NBP posts Rs 22.8 billion profit, up 18 percent YoY

Historic high: NBP posts Rs 22.8 billion profit, up 18 percent YoY

A meeting of the Board of Directors (BoD) of National Bank of Pakistan (Bank) was held on Wednesday, February 22 at the Bank's head office here. The BoD approved the financial statements of the Bank for the year ended December 31, 2016. The Board recommen
Published 23 Feb, 2017 12:00am
Historic high: NBP posts Rs 22.8 billion profit, up 18 percent YoY

Historic high: NBP posts Rs 22.8 billion profit, up 18 percent YoY

A meeting of the Board of Directors (BoD) of National Bank of Pakistan (Bank) was held on Wednesday, February 22 at the Bank's head office here. The BoD approved the financial statements of the Bank for the year ended December 31, 2016. The Board recommen
Published 23 Feb, 2017 12:00am
Historic high: NBP posts Rs 22.8 billion profit, up 18 percent YoY

Historic high: NBP posts Rs 22.8 billion profit, up 18 percent YoY

A meeting of the Board of Directors (BoD) of National Bank of Pakistan (Bank) was held on Wednesday, February 22 at the Bank''s head office here. The BoD approved the financial statements of the Bank for the year ended December 31, 2016. The Board recomme
Published 23 Feb, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Wednesday as the rupee sustained it's overnight levels in relation to the dollar in the process of trading, dealers said. The rupee retained last levels in relation to the dollar for buying and selling at Rs 104.8
Published 23 Feb, 2017 12:00am
Historic high: NBP posts Rs 22.8 billion profit, up 18 percent YoY

Historic high: NBP posts Rs 22.8 billion profit, up 18 percent YoY

A meeting of the Board of Directors (BoD) of National Bank of Pakistan (Bank) was held on Wednesday, February 22 at the Bank''''s head office here. The BoD approved the financial statements of the Bank for the year ended December 31, 2016. The Board recom
Published 23 Feb, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Wednesday as the rupee sustained it's overnight levels in relation to the dollar in the process of trading, dealers said. The rupee retained last levels in relation to the dollar for buying and selling at Rs 104.8
Published 23 Feb, 2017 12:00am
SECP, SBP vow to eradicate financial scams

SECP, SBP vow to eradicate financial scams

The 26th meeting of the Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP) Co-ordination Committee was held on Wednesday at the SECP head office Islamabad. Ashraf Mahmood Wathra, SBP Governor, and Zafar Hijazi, SECP
Published 23 Feb, 2017 12:00am
SECP, SBP vow to eradicate financial scams

SECP, SBP vow to eradicate financial scams

The 26th meeting of the Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP) Co-ordination Committee was held on Wednesday at the SECP head office Islamabad. Ashraf Mahmood Wathra, SBP Governor, and Zafar Hijazi, SECP
Published 23 Feb, 2017 12:00am
SECP, SBP vow to eradicate financial scams

SECP, SBP vow to eradicate financial scams

The 26th meeting of the Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP) Co-ordination Committee was held on Wednesday at the SECP head office Islamabad. Ashraf Mahmood Wathra, SBP Governor, and Zafar Hijazi, SECP
Published 23 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
Non-recovery of Rs 121 billion: FBR officials snubbed by PAC

Non-recovery of Rs 121 billion: FBR officials snubbed by PAC

The Public Accounts Committee (PAC) Wednesday snubbed the officials of Federal Board of Revenue (FBR) for non-recovery of Rs 121 billion irregularities pointed out by the Auditor General of Pakistan (AGP) in 2013. The PAC met here under the chairmanship o
Published 23 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
Non-recovery of Rs 121 billion: FBR officials snubbed by PAC

Non-recovery of Rs 121 billion: FBR officials snubbed by PAC

The Public Accounts Committee (PAC) Wednesday snubbed the officials of Federal Board of Revenue (FBR) for non-recovery of Rs 121 billion irregularities pointed out by the Auditor General of Pakistan (AGP) in 2013. The PAC met here under the chairmanship o
Published 23 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 Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
Non-recovery of Rs 121 billion: FBR officials snubbed by PAC

Non-recovery of Rs 121 billion: FBR officials snubbed by PAC

The Public Accounts Committee (PAC) Wednesday snubbed the officials of Federal Board of Revenue (FBR) for non-recovery of Rs 121 billion irregularities pointed out by the Auditor General of Pakistan (AGP) in 2013. The PAC met here under the chairmanship o
Published 23 Feb, 2017 12:00am
Al-Azhar in Cairo dialogue with Vatican

Al-Azhar in Cairo dialogue with Vatican

Representatives of Sunni Islam's prestigious Al-Azhar institution and from the Vatican held talks in Cairo on Wednesday following up on a rapprochement launched in 2016. Their meeting focused on the role of the Cairo-based institution and the Vatican "in
Published 23 Feb, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (February 22, 2017)

Published 23 Feb, 2017 12:00am
Al-Azhar in Cairo dialogue with Vatican

Al-Azhar in Cairo dialogue with Vatican

Representatives of Sunni Islam's prestigious Al-Azhar institution and from the Vatican held talks in Cairo on Wednesday following up on a rapprochement launched in 2016. Their meeting focused on the role of the Cairo-based institution and the Vatican "in
Published 23 Feb, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
Gwadar projects: government gives timelines to public departments

Gwadar projects: government gives timelines to public departments

The government has given timelines to public departments and private companies on Wednesday to complete the development projects of Gwadar Port under China-Pakistan Economic Corridor (CPEC). According to the documents available with Business Recorder, Min
Published 23 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 23 Feb, 2017 12:00am
Gwadar projects: government gives timelines to public departments

Gwadar projects: government gives timelines to public departments

The government has given timelines to public departments and private companies on Wednesday to complete the development projects of Gwadar Port under China-Pakistan Economic Corridor (CPEC). According to the documents available with Business Recorder, Min
Published 23 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 23 Feb, 2017 12:00am
Gwadar projects: government gives timelines to public departments

Gwadar projects: government gives timelines to public departments

The government has given timelines to public departments and private companies on Wednesday to complete the development projects of Gwadar Port under China-Pakistan Economic Corridor (CPEC). According to the documents available with Business Recorder, Min
Published 23 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
TCP saves Rs 7.8 billion in commodity financing

TCP saves Rs 7.8 billion in commodity financing

The state-run grain trader has saved an amount of Rs 7.8 billion in the commodity financing operation by creating competition among the financial institutions. Sources told Business Recorder Wednesday that the Trading Corporation of Pakistan (TCP)
Published 23 Feb, 2017 12:00am
The Weather

The Weather

The weather report on Wednesday (February 22, 2017) and the forecast for Thursday (February 23, 2017).

Published 23 Feb, 2017 12:00am
TCP saves Rs 7.8 billion in commodity financing

TCP saves Rs 7.8 billion in commodity financing

The state-run grain trader has saved an amount of Rs 7.8 billion in the commodity financing operation by creating competition among the financial institutions. Sources told Business Recorder Wednesday that the Trading Corporation of Pakistan (TCP)
Published 23 Feb, 2017 12:00am
TCP saves Rs 7.8 billion in commodity financing

TCP saves Rs 7.8 billion in commodity financing

The state-run grain trader has saved an amount of Rs 7.8 billion in the commodity financing operation by creating competition among the financial institutions. Sources told Business Recorder Wednesday that the Trading Corporation of Pakistan (TCP)
Published 23 Feb, 2017 12:00am
Bayer says Monsanto deal on track, eyes record 2017

Bayer says Monsanto deal on track, eyes record 2017

German pharmaceuticals and chemicals giant Bayer on Wednesday said it expected further growth this year after a record performance in 2016, as its mammoth take-over of US seedmaker Monsanto remains on track. "We again posted a record operating performance
Published 23 Feb, 2017 12:00am
Bayer says Monsanto deal on track, eyes record 2017

Bayer says Monsanto deal on track, eyes record 2017

German pharmaceuticals and chemicals giant Bayer on Wednesday said it expected further growth this year after a record performance in 2016, as its mammoth take-over of US seedmaker Monsanto remains on track. "We again posted a record operating performance
Published 23 Feb, 2017 12:00am
Bayer says Monsanto deal on track, eyes record 2017

Bayer says Monsanto deal on track, eyes record 2017

German pharmaceuticals and chemicals giant Bayer on Wednesday said it expected further growth this year after a record performance in 2016, as its mammoth take-over of US seedmaker Monsanto remains on track. "We again posted a record operating performance
Published 23 Feb, 2017 12:00am
Iran sends team to Saudi Arabia for talks on rejoining Hajj

Iran sends team to Saudi Arabia for talks on rejoining Hajj

Iran has sent a delegation to Saudi Arabia for talks on Iranians attending Hajj, state television reported on Wednesday, after Tehran boycotted the pilgrimage last year. Relations between the two regional powers, who back rival sides in several Middle Eas
Published 23 Feb, 2017 12:00am
Iran sends team to Saudi Arabia for talks on rejoining Hajj

Iran sends team to Saudi Arabia for talks on rejoining Hajj

Iran has sent a delegation to Saudi Arabia for talks on Iranians attending Hajj, state television reported on Wednesday, after Tehran boycotted the pilgrimage last year. Relations between the two regional powers, who back rival sides in several Middle Eas
Published 23 Feb, 2017 12:00am
Nabeel Gabol rejoins PPP

Nabeel Gabol rejoins PPP

Posing his trust in the leadership of President Pakistan People's Party Parliamentarians (PPP-P) Asif Ali Zardari, former lawmaker Nabeel Gabol announced to rejoin PPP in Karachi on Wednesday. During his meeting with co-chairman PPP, Nabeel Gabol expresse
Published 23 Feb, 2017 12:00am
Nabeel Gabol rejoins PPP

Nabeel Gabol rejoins PPP

Posing his trust in the leadership of President Pakistan People's Party Parliamentarians (PPP-P) Asif Ali Zardari, former lawmaker Nabeel Gabol announced to rejoin PPP in Karachi on Wednesday. During his meeting with co-chairman PPP, Nabeel Gabol expresse
Published 23 Feb, 2017 12:00am
Power consumers and subsidy

Power consumers and subsidy

During a briefing to a meeting of the Economic Co-ordination Committee of the Cabinet (ECC), the Ministry of Water and Power acknowledged that the bulk of the reduction in subsidy is through the levy of a tariff rationalisation surcharge. A look at the bu
Published 23 Feb, 2017 12:00am
Pak-Afghan tensions

Pak-Afghan tensions

Since the recent rash of terrorist attacks all over Pakistan, a worrying escalation of tensions between Pakistan and Afghanistan has been in evidence. Since Pakistan found the trail of the terrorism perpetrators led to the eastern provinces of Afghanistan
Published 23 Feb, 2017 12:00am
Rangers operation in Punjab

Rangers operation in Punjab

After the February 13 terrorist attack in Lahore the Punjab government has agreed, though grudgingly, to call in the Rangers but won't fully empower the paramilitary force to freely carry out an anti-terrorism operation. A committee is to decide what the
Published 23 Feb, 2017 12:00am
The flag of convenience

The flag of convenience

There has been a searching query as to why Pakistan's private sector is shy to invest in shipping since that industry's demise in 1973 because of its nationalisation. Serious efforts were made to revive it, but failed to attract entrepreneurs to the shipp
Published 23 Feb, 2017 12:00am
Italian banks struggle to break free from soured debt cycle

Italian banks struggle to break free from soured debt cycle

Italian banks are stuck in what stressed-debt experts call purgatory, still forced to pay a heavy price for their past sins despite loan data that suggests they are turning a corner. The rate at which loans are souring hit an eight-year low last year, but
Published 23 Feb, 2017 12:00am
'Return of the terrorist'

'Return of the terrorist'

This is apropos aBusiness Recorder op-ed "Return of the terrorist" carried by the newspaper on Tuesday. The writer, Rashed Rahman, has raised some valuable points in his write-up which seems to have transformed into a wise or sane counsel for the c
Published 23 Feb, 2017 12:00am
US MIDDAY: gold turns up

US MIDDAY: gold turns up

Gold turned higher as the dollar shifted lower on Wednesday, after minutes from the last US Federal Reserve meeting showed uncertainty among policymakers about the new Trump administration's economic program. Still, many Fed policymakers said it may be ap
Published 23 Feb, 2017 12:00am
US MIDDAY: soya at three-week low

US MIDDAY: soya at three-week low

US soyabean futures fell to a three-week low on Wednesday, on track for a fourth straight decline on strong South American harvest prospects and a lack of supportive news, analysts said. Corn and wheat futures were modestly higher as traders awaited direc
Published 23 Feb, 2017 12:00am
Oil falls 1.5 percent on worries over swelling US stockpiles

Oil falls 1.5 percent on worries over swelling US stockpiles

Oil prices fell 1.5 percent on Wednesday on expectations of another surge in US inventories, retreating from multi-week highs hit in the previous session after OPEC signalled optimism over its deal with other producers to curb output. US crude stocks like
Published 23 Feb, 2017 12:00am
Ministry removes Ayyan's name from ECL

Ministry removes Ayyan's name from ECL

Model girl Ayyan Ali finally got rid of the travel ban as Interior Ministry on Wednesday removed her name from the Exit Control List (ECL). The model had to face the court trials after she was caught while making an attempt to smuggle nearly half a millio
Published 23 Feb, 2017 12:00am
US to work with Pakistan against terrorist networks

US to work with Pakistan against terrorist networks

The US forces in Afghanistan have worked closely with Afghan force to strike terrorist groups involved in the fresh spate of terrorism in Pakistan and will continue joint cooperation to dismantle terror networks, said United States ambassador to Pakistan
Published 23 Feb, 2017 12:00am
Warid/Mobilink franchises directed to resolve their issue amicably

Warid/Mobilink franchises directed to resolve their issue amicably

A parliamentary panel on Wednesday directed the franchisee of Warid/Mobilink Telecom across the country and Jazz to sit together and resolve their issue amicably. The Senate Standing Committee on Information Technology and Telecommunication met with Shahi
Published 23 Feb, 2017 12:00am
'Modest media surety of pure and strong society'

'Modest media surety of pure and strong society'

Secretary General Jamaat-e-Islami Women Wing, Durdana Siddiqui has said that appropriate and effective use of media can helpful to end the distortions of society and a modest media is the surety of pure and strong society. While addressing the last day of
Published 23 Feb, 2017 12:00am
Farmers advised to remove weeds

Farmers advised to remove weeds

The Met Office on Wednesday asked the growers to remove weeds from their fields to help standing crops consume existing soil moisture fully for a full growth. It said that wheat crop was growing to a maturity in different areas of the country, adding that
Published 23 Feb, 2017 12:00am
Road projects: SHC summons LG secretary with progress report

Road projects: SHC summons LG secretary with progress report

The Sindh High Court (SHC) on Wednesday directed secretary local government to appear before it to file comments along with detailed progress report on pace of three renovation projects of roads in different areas including the University Road. While hear
Published 23 Feb, 2017 12:00am
APCAA's plea to FBR chief

APCAA's plea to FBR chief

All Pakistan Customs Agents Association (APCAA) with a view to avoiding congestion at the port has urged the Federal Board of Revenue (FBR) to allow shifting of containers lying at terminals for over 90 days to off-dock terminals. The APCAA gave this sugg
Published 23 Feb, 2017 12:00am
SRB to resolve stakeholders' issues soon: chairman

SRB to resolve stakeholders' issues soon: chairman

Chairman, Sindh Revenue Board (SRB), Khalid Mahmood has said the issue between the Board and stakeholders would be resolved soon and the SRB would hold meetings separately with representatives of each sector from next week. Speaking at a meeting of Site A
Published 23 Feb, 2017 12:00am
KP government urged to establish languages authority

KP government urged to establish languages authority

The speakers at a special event arranged by the Gandhara Hindko Board at the Gandhara Hindko Academy called for establishing a Khyber Pakhtunkhwa Languages Authority to work for the promotion of all native languages. The progarmme was organised at Dr Zaho
Published 23 Feb, 2017 12:00am
'Academic-industrial collaboration a must for CPEC success'

'Academic-industrial collaboration a must for CPEC success'

Speakers at international conference have stressed the need of strong academic-industrial linkages and preparedness at all levels through China-Pakistan Economic Corridor (CPEC) beyond only infrastructure and power generation projects. The participants ha
Published 23 Feb, 2017 12:00am
Orientation day held at SU campus

Orientation day held at SU campus

The orientation day for the new entrants of academic year 2017 was organised at Sindh University's Laar Campus Badin where the pro-vice chancellor Dr Muhammad Siddique Kalhoro and the principal of the campus Professor Hayat Keerio addressed the students.
Published 23 Feb, 2017 12:00am
Auction for PIB: government mops up over Rs 59 billion

Auction for PIB: government mops up over Rs 59 billion

The federal government Wednesday mopped up over Rs 59 billion through the auction for long term government bonds. Auction for Pakistan Investment Bonds (PIBs) for 3-, 5-, 10- and 20-year maturity was held on February 22, 2017. Overall, the State Bank of P
Published 23 Feb, 2017 12:00am
Auction for PIB: government mops up over Rs 59 billion

Auction for PIB: government mops up over Rs 59 billion

The federal government Wednesday mopped up over Rs 59 billion through the auction for long term government bonds. Auction for Pakistan Investment Bonds (PIBs) for 3-, 5-, 10- and 20-year maturity was held on February 22, 2017. Overall, the State Bank of P
Published 23 Feb, 2017 12:00am
Shaheen Air inducts second Airbus A319 into fleet

Shaheen Air inducts second Airbus A319 into fleet

Keeping up with its vision of adding innovation to Pakistan's aviation sector, Shaheen Air International (SAI) has inducted a second Airbus A319 into its fleet. The new aircraft comes wrapped in a new livery that builds on the revamped brand identity and
Published 23 Feb, 2017 12:00am
Oxford launches book on history of Kohinoor

Oxford launches book on history of Kohinoor

Oxford University Press (OUP) launched its latest publication Kohinoor: The Story of the World's Most Infamous Diamond written by William Dalrymple and Anita Anand. Using previously untranslated Sanskrit, Persian, and Urdu sources, and the discoveries of
Published 23 Feb, 2017 12:00am
PTI LG representatives of PK-7 tender resignations in protest

PTI LG representatives of PK-7 tender resignations in protest

At least 56 elected representatives of local government including 50 nazims of Pakistan Tehreek-e-Insaf have given their resignations to a disgruntled MPA Mehmood Jan with the powers to submit them to election commission of Pakistan in protest against Chi
Published 23 Feb, 2017 12:00am
14 Ferraris surrender

14 Ferraris surrender

A woman among 14 Ferraris belonging to various banned outfits surrendered before the security forces here on Wednesday. Police said that 14 Ferraris along with a woman surrendered their arms to police in Rajanpur. The surrendered Ferraris vowed not to sup
Published 23 Feb, 2017 12:00am
LHC seeks reply in Hafiz Saeed's case

LHC seeks reply in Hafiz Saeed's case

A division bench of the Lahore High Court on Wednesday sought a report from the home department by March 7 about detention of Jamatud Dawa's chief and other aides. JuD Chief Hafiz Muhammad Saeed and his aides had challenged their detention ordered by the
Published 23 Feb, 2017 12:00am
CEO FW&T meets Shahbaz

CEO FW&T meets Shahbaz

Chief Executive Officer German Company Fichtner Water and Transportation (FW&T), Ulf Meyer Scharenberg met Punjab Chief Minister Muhammad Shahbaz Sharif, here Wednesday. Matters relating to promotion of cooperation in Clean Drinking Water Programme were d
Published 23 Feb, 2017 12:00am
Panamagate: government side begins to show signs of frustration

Panamagate: government side begins to show signs of frustration

Minister of State for Information Technology and Telecommunication (IT&T) Anusha Rehman on Wednesday allegedly snatched cell phone of a journalist in the Supreme Court premises, resulting in anger among the journalists who did not let the PML-N leaders sp
Published 23 Feb, 2017 12:00am
PAT conference demands Prime Minister's resignation

PAT conference demands Prime Minister's resignation

A national conference has unanimously urged the prime minister to resign for failing to prove money trail of London flats. The conference was organised by the Pakistan Awami Tehrik in connection with the 66th birthday of Dr Tahirul Qadri on Wednesday.
Published 23 Feb, 2017 12:00am
Marriyum declares all media part of her team

Marriyum declares all media part of her team

Minister of State for Information, Broadcasting and National Heritage (IB&NH) Marriyum Aurangzeb has said that media persons are part of her team irrespective of the fact whether they belonged to official or private media. In a statement here on Wednesday
Published 23 Feb, 2017 12:00am
PTI makes Panama case a political one: minister

PTI makes Panama case a political one: minister

Minister of State for Capital Administration and Development Division, Dr Tariq Fazal Chaudhary Wednesday said that Pakistan Tehreek-e-Insaf (PTI) has made Panama Leaks case a political one in view of some specific agenda. Addressing a news conference alo
Published 23 Feb, 2017 12:00am
Security along Pak-Iran border discussed

Security along Pak-Iran border discussed

Sartaj Aziz Advisor to the Prime Minister on Foreign Affairs met Brigadier General Hossein Dehgan, Minister of Defence and Logistics of Iran in Tehran. He was accompanied by Defence Secretary Lieutenant General Zameer-ul-Hassan Shah (Retd). They discussed
Published 23 Feb, 2017 12:00am
NAB, FBR become redundant: Imran

NAB, FBR become redundant: Imran

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Wednesday said that the inaction by National Accountability Bureau (NAB) and Federal Board of Revenue (FBR) in Panamagate case has proved that both the organisations have become redundant. Speaking at
Published 23 Feb, 2017 12:00am
NAB, FBR become redundant: Imran

NAB, FBR become redundant: Imran

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Wednesday said that the inaction by National Accountability Bureau (NAB) and Federal Board of Revenue (FBR) in Panamagate case has proved that both the organisations have become redundant. Speaking at
Published 23 Feb, 2017 12:00am
Institutions protecting government instead of state, allege PTI, JI

Institutions protecting government instead of state, allege PTI, JI

Pakistan Tehreek-e-Insaf (PTI) and Jamaat-e-Islami (JI) on Wednesday accused the institutions of protecting the government instead of the state, saying nobody is ready to probe Prime Minister Nawaz Sharif in Panamagate case. Talking to media persons outsi
Published 23 Feb, 2017 12:00am
Importance of maritime security in Indian Ocean highlighted

Importance of maritime security in Indian Ocean highlighted

A roundtable discussion on the "Maritime Security in the Indian Ocean: Challenges and Prospects for Pakistan" was organised by the Centre for Pakistan and Gulf Studies (CPGS) in collaboration with the Konrad Adeneur Stiftung (KAS) in Islamabad.
Published 23 Feb, 2017 12:00am
Police Bill 2017 submitted in Punjab PA

Police Bill 2017 submitted in Punjab PA

Opposition leader in Punjab Assembly Mian Mahmood ur Rasheed of Pakistan Tehreek-e-Insaf on Wednesday submitted Police Bill 2017 in Punjab Assembly. While addressing a press conference Mian Mahmood ur Rasheed called it an apolitical bill and passage of th
Published 23 Feb, 2017 12:00am
Shahbaz reviews infrastructure projects' progress

Shahbaz reviews infrastructure projects' progress

Punjab Chief Minister Shahbaz Sharif presided over a meeting here on Wednesday; in the meeting progress on infrastructure projects in province were reviewed. Addressing the meeting, the Chief Minister said that modern mass transit means would bring quick
Published 23 Feb, 2017 12:00am
Reward to whistleblowers: Benami Act empowers FBR to initiate scheme

Reward to whistleblowers: Benami Act empowers FBR to initiate scheme

Benami Transactions (Prohibition) Act, 2017 has empowered Federal Board of Revenue (FBR) to introduce the scheme of 'reward to whistleblowers' to sanction reward to whistleblowers in case of credible information leading to detection of Benami property or
Published 23 Feb, 2017 12:00am
Partly Facetious: The shahi tukras

Partly Facetious: The shahi tukras

"I heard one of the Nawalas, a Nawaz Sharif supporter, say that unless Mian sahib is disqualified from holding office by the court in the Panama case the Sharifs would have won."
Published 23 Feb, 2017 12:00am
Samba Bank declares Rs 926 million earnings before tax
Currency

Samba Bank declares Rs 926 million earnings before tax

The Board of Directors of Samba Bank Limited (SBL) met on 22nd February 2017 under the chair of Dr Shujaat Nadeem and approved the financial results of the Bank for the year ended December 31, 2016. Despite the challenges in the sector, SBL managed to mai
Published 23 Feb, 2017 12:00am
Samba Bank declares Rs 926 million earnings before tax
Currency

Samba Bank declares Rs 926 million earnings before tax

The Board of Directors of Samba Bank Limited (SBL) met on 22nd February 2017 under the chair of Dr Shujaat Nadeem and approved the financial results of the Bank for the year ended December 31, 2016. Despite the challenges in the sector, SBL managed to mai
Published 23 Feb, 2017 12:00am
Subsidy system: Fertilizer makers concerned over procedural snags

Subsidy system: Fertilizer makers concerned over procedural snags

Fertilizer manufacturers have voiced concern over the procedural issues in the disbursement of subsidy offered by the government, during a meeting of Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC). The meeting was chaired by Lieutenant Gene
Published 23 Feb, 2017 12:00am
601 awarded degrees at CPSP convocation

601 awarded degrees at CPSP convocation

601 students were awarded specialisation degrees in four disciplines at the 51st Convocation of the College of Physicians and Surgeons Pakistan on Wednesday. The ceremony was held at its headquarters in Karachi. Professor Michael Lavelle Jones. president
Published 23 Feb, 2017 12:00am
Shell unveils its revolutionary retail ecosystem

Shell unveils its revolutionary retail ecosystem

Shell Pakistan Limited has extended its reimagined retail offerings at two filling stations in Lahore & Islamabad - thus marking a significant milestone in the company's bid to revolutionise the forecourt experience for customers all over Pakistan. The re
Published 23 Feb, 2017 12:00am
USAID, UNDP hold awards ceremony

USAID, UNDP hold awards ceremony

The United States Agency for International Development (USAID) and United Nations Development Programme (UNDP) held an awards ceremony Wednesday for 200 young women and men trained under the joint Youth Employment Project. The project provides training an
Published 23 Feb, 2017 12:00am
Zubair lauds Japan's cooperation

Zubair lauds Japan's cooperation

Counsel General of Japan, Toshikazu Isomura called on Governor Sindh Mohammad Zubair in Karachi on Wednesday. Speaking on the occasion the Governor appreciated Japan's cooperation for social sector development in the province. Possibilities of cooperation
Published 23 Feb, 2017 12:00am
SNGPL posts Rs 5.17 billion profit before tax

SNGPL posts Rs 5.17 billion profit before tax

SNGPL declared historical high profit before tax Rs 5,171 million for the six months period ended December 31, 2016 and after tax profit of Rs 3,603 million for the period under review. Resultantly, the Earnings Per Share for the six months period is Rs 5
Published 23 Feb, 2017 12:00am
Hascol lays foundation of its lube oil blending plant

Hascol lays foundation of its lube oil blending plant

Rainer Schmiedchen, Consul General of the Federal Republic of Germany, unveiled the plaque of the stone laying of the Hascol lube oil blending plant at a ceremony held at a local hotel on the 20th of February, 2017. Mumtaz Hasan Khan, Chairman Hascol, Sal
Published 23 Feb, 2017 12:00am
Businessmen asked to diversify exports to Kenya

Businessmen asked to diversify exports to Kenya

The High Commissioner of Kenya, Julius K. Bitok, has advised Pakistan's business and industrial community to seriously focus on diversifying their exports to Kenya in order to improve the meager trade volume between the two countries. Expressing worries o
Published 23 Feb, 2017 12:00am
Eight suspected terrorists killed in 'encounter'

Eight suspected terrorists killed in 'encounter'

The police on Wednesday claimed to have killed eight suspected terrorists involved in sectarian killings including a key commander of a banned Tehrik-e-Taliban Pakistan (TTP) here. SSP District Malir Rao Anwar said his team following a tip-off, conducted
Published 23 Feb, 2017 12:00am
Safe and Secure Pakistan exhibition to be held in March

Safe and Secure Pakistan exhibition to be held in March

13th International Safe and Secure Pakistan Exhibition-2017, organised by Pegasus Consultancy is set to bring major investment opportunities for the local and foreign exhibitors and manufacturers. The mega event being organised for the 5th time will be he
Published 23 Feb, 2017 12:00am
Annual book fair held at LUMS

Annual book fair held at LUMS

The Lahore University of Management Sciences (LUMS) Gad and Birgit Rausing Library organised its annual book fair the other day, 2017. The fair was held to help nurture and build a love for reading amongst students by providing them with easy access to a
Published 23 Feb, 2017 12:00am
Terrorists, facilitators to be brought to justice: Punjab government

Terrorists, facilitators to be brought to justice: Punjab government

While the federal government on Wednesday formally acceded to the Punjab government's request for the deployment of Rangers in the province of Punjab, the provincial government has expressed the resolve that the terrorists and their facilitators, wherever
Published 23 Feb, 2017 12:00am
LESCO facing acute shortage of steel poles, meters

LESCO facing acute shortage of steel poles, meters

The Lahore Electric Supply Company (LESCO) is in acute shortage of steel structure poles and electricity meters due to the material mismanagement and ill-planning, said the sources. The steel structure poles, besides the spun poles, are used for laying do
Published 23 Feb, 2017 12:00am
Speakers for producing clean energy from indigenous resources

Speakers for producing clean energy from indigenous resources

Speakers at a conference at the Government College University Lahore on "future prospects of clean energy in Pakistan" laid a stress on research on producing clean energy from indigenous resources. The one-day conference was organised by the university El
Published 23 Feb, 2017 12:00am
Young doctors end protest after patient's death

Young doctors end protest after patient's death

The young doctors association (YDA) ended their protest after success of talks with the health department officials; however, they have given 48 hours for acceptance of their demands. Earlier, patients had to face great hardship in OPDs and wards due to s
Published 23 Feb, 2017 12:00am
'Reduction in mine leasing, licensing duration proves positive'

'Reduction in mine leasing, licensing duration proves positive'

Punjab Minister for Mines and Minerals Ch Sher Ali Khan has said that duration of mine leasing and licensing has been reduced from five years to three year which is providing positive results. The Minister revealed this while speaking at the Federation of
Published 23 Feb, 2017 12:00am
Nestlé Pakistan posts net sales revenue of over Rs 112 billion in 2016

Nestlé Pakistan posts net sales revenue of over Rs 112 billion in 2016

Nestlé Pakistan posted yearly net sales revenue of more than Rs 112 billion for 2016, boosting its overall net earnings profit after taxation by 35.2% as compared to 2015. The company witnessed an overall increase in its net sales revenue by almost Rs 9.4
Published 23 Feb, 2017 12:00am
Nestlé Pakistan posts net sales revenue of over Rs 112 billion in 2016

Nestlé Pakistan posts net sales revenue of over Rs 112 billion in 2016

Nestlé Pakistan posted yearly net sales revenue of more than Rs 112 billion for 2016, boosting its overall net earnings profit after taxation by 35.2% as compared to 2015. The company witnessed an overall increase in its net sales revenue by almost Rs 9.4
Published 23 Feb, 2017 12:00am
FDA to prepare 20-year master plan for Faisalabad

FDA to prepare 20-year master plan for Faisalabad

Faisalabad Development Authority (FDA) will prepare a 20 years master plan for the scientific, systematic, planned and well integrated development of Faisalabad city. The new master plan will also include five years strategic plan, Sheikh Ejaz Ahmad, Chai
Published 23 Feb, 2017 12:00am
'Women entrepreneurship vital to benefit economy, society'

'Women entrepreneurship vital to benefit economy, society'

"Women entrepreneurship is essential to benefit the economy and society as no economy and society can ever progress if its women don't progress" Dr Umar Saif, Chairman Punjab Information Technology Board (PITB) said while discussing the entrepreneurial cu
Published 23 Feb, 2017 12:00am
FPSC asked to appoint DG Plant Protection department in three months

FPSC asked to appoint DG Plant Protection department in three months

The Lahore High Court (LHC) here on Wednesday directed the Federal Public Service Commission (FPSC) to fill the vacant post of Director General Plant Protection department within three months. The court observed that the government authorities must ensure
Published 23 Feb, 2017 12:00am
Naseer Akhtar made chairman of FPCCI body

Naseer Akhtar made chairman of FPCCI body

Naseer Akhtar, founding president and CEO Infotech, who is also the Chairman P@SHA, has been elected as the Chairman of the FPCCI's Standing Committee for IT, Business Processing and Outsourcing. Khushnood Aftab, member Pakistan Computer Association and S
Published 23 Feb, 2017 12:00am
NA body approves Compulsory Quran Education bill

NA body approves Compulsory Quran Education bill

National Assembly Standing Committee on Federal Education and Professional Training on Wednesday recommended an allocation of Rs 3205.039 million for 10 ongoing and seven new unapproved schemes of the ministry for the year 2017-18 under the Public Sector
Published 23 Feb, 2017 12:00am
NAB arrests stock exchange's broker on SECP's reference

NAB arrests stock exchange's broker on SECP's reference

Taking prompt action on a reference forwarded by Chairman SECP, NAB Rawalpindi has arrested Hassan Waheed Khan, Director AWJ Securities Private Limited, late night on Tuesday. The NAB team also raided the office of AWJ Securities located at 2nd floor of S
Published 23 Feb, 2017 12:00am
Jirga disapprove merger of upper, lower Kohistan

Jirga disapprove merger of upper, lower Kohistan

Elders of Jirga from upper Kohistan have out-rightly rejected the proposal to merge some parts of the lower Kohistan with upper region, and demanded from the provincial government to implement earlier decision of bifurcation of the district in two parts i
Published 23 Feb, 2017 12:00am
Detailed scrutiny of nine INGOs to be carried out for registration

Detailed scrutiny of nine INGOs to be carried out for registration

The Securities and Exchange Commission of Pakistan (SECP), Economic Affairs Division (EAD) and Ministry of Foreign Affairs have decided to carry out detailed scrutiny of nine international non-governmental organisations (INGOs) seeking registration in Pak
Published 23 Feb, 2017 12:00am
NAB KP arrests XEN, contractor

NAB KP arrests XEN, contractor

National Accountability Bureau (NAB) Khyber Pakhtunkhwa has arrested accused Faiz Muhammad Executive Engineer (XEN) Highway Division Kurram Agency C&W Dept and Nadir Khan Contractor for alleged involvement in embezzlement of Rs 60 million for construction
Published 23 Feb, 2017 12:00am
Amnesty reports excessive repression in IHK

Amnesty reports excessive repression in IHK

Amnesty International has revealed in its 2016-2017 report excessive repression in occupied Kashmir that Indian authorities are using repressive laws to curb freedom of expression and silence critical voices in occupied Jammu and Kashmir. In its report Am
Published 23 Feb, 2017 12:00am
FIR lodged against attack on Charsadda court

FIR lodged against attack on Charsadda court

The Counter Terrorism Department (CTD) in Mardan on Wednesday registered a First Information Report (FIR) against terrorist attack on a local court in Charsadda district. The case has been registered under anti-terrorism act, section 302 and other section
Published 23 Feb, 2017 12:00am
PCA arranges literary reference, musical event

PCA arranges literary reference, musical event

Pakhtun Cultural Association (PCA) on Wednesday organised a literary reference and Pashto musical evening in connection with International Mother Language Day "De Rangoono Makham" (colourful evening). The event was arranged in collaboration with Pakistan
Published 23 Feb, 2017 12:00am
Man killed in landmine blast

Man killed in landmine blast

A passerby was killed after being struck by a landmine here on Wednesday. Security sources said that unidentified miscreants had planted landmine by roadside in Daozai Kanra area in tehsil Pindiali of Mohammad Agency. The landmine exploded when foot of a
Published 23 Feb, 2017 12:00am
Wah Nobel Chemicals Limited

Wah Nobel Chemicals Limited

Wah Nobel Chemicals (PSX: WAHN) was established in 1982. The company is a leading manufacturer of Formaldehyde, UF, PF Resins and Urea Formaldehyde Moulding Compound.
Published 23 Feb, 2017 12:00am
Wah Nobel Chemicals Limited

Wah Nobel Chemicals Limited

Wah Nobel Chemicals (PSX: WAHN) was established in 1982. The company is a leading manufacturer of Formaldehyde, UF, PF Resins and Urea Formaldehyde Moulding Compound.
Published 23 Feb, 2017 12:00am
Fata reforms: Ministry moves summary to federal cabinet

Fata reforms: Ministry moves summary to federal cabinet

Ministry of States and Frontier Regions (SAFRON) has moved a summary to the federal cabinet about Federally Administered Tribal Areas (FATA) reforms, besides proposing the merger of tribal areas into Khyber Pakhtunkhwa, to be taken up in its next meeting.
Published 23 Feb, 2017 12:00am
Senate panel seeks details of deal with oil & gas companies

Senate panel seeks details of deal with oil & gas companies

A parliamentary panel Wednesday sought details from Ministry of Petroleum and Natural Resources regarding the sale and purchase agreements signed between oil and gas companies and the federal government. A sub-committee of the Senate Standing Committee on
Published 23 Feb, 2017 12:00am
Autonomy for ECP sought

Autonomy for ECP sought

The sub-committee of the Parliamentary Committee on Electoral Reforms received 600 proposals today (Wednesday) which seek unanimous electoral reforms with greater autonomy and independence for the Election Commission. The committee which met for its 76th
Published 23 Feb, 2017 12:00am
'Pakistan, Afghanistan need to rethink their trade strategy'

'Pakistan, Afghanistan need to rethink their trade strategy'

Pakistan cannot have a policy based on 70 years of assumptions and fears. This kind of thinking needs to be re-shaped in the context of a regional policy and will require a powerful introspection over a strategic policy which encompasses all the key eleme
Published 23 Feb, 2017 12:00am
Gold steadies in European trade

Gold steadies in European trade

Nervous investors looked for new signals on whether US interest rates would rise in March and on US President Donald Trump's tax plans as gold held steady on Wednesday. "We see the risks as pretty binary in the gold market," Carsten Menke, commodities res
Published 23 Feb, 2017 12:00am
Gold slips in Asia

Gold slips in Asia

Gold slipped on Wednesday as the dollar firmed, with investors looking to minutes from the US Federal Reserve's latest meeting for clues on the timing of interest rate hikes. Spot gold had dropped 0.2 percent to $1,233.41 per ounce by 0645 GMT, while US g
Published 23 Feb, 2017 12:00am
Gold pares losses in New York
Currency

Gold pares losses in New York

Gold prices pared losses on weaker-than-expected US economic data on Tuesday, after falling 1 percent on renewed expectations of an increase in US interest rates next month that pushed the dollar higher. Spot gold was down 0.2 percent at $1,235.85 an ounc
Published 23 Feb, 2017 12:00am
Robusta coffee slips as Brazil reverses decision to import

Robusta coffee slips as Brazil reverses decision to import

Robusta coffee futures on ICE fell on Wednesday as Brazil backtracked on plans to allow imports for the first time, while raw sugar turned lower after failing to reach the psychological resistance level of 21 cents per lb. Cocoa prices were little changed
Published 23 Feb, 2017 12:00am
Malaysian palm oil recovers from 3-1/2-month low

Malaysian palm oil recovers from 3-1/2-month low

Malaysian palm oil futures rose on Wednesday to bounce of a more than three-month low in the afternoon session as bargain hunters shrugged off market expectations of higher supplies and weak demand. Benchmark palm oil futures for May on the Bursa Malaysia
Published 23 Feb, 2017 12:00am
Rubber slides for 6th session

Rubber slides for 6th session

Benchmark Tokyo rubber futures extended losses into a sixth straight session on Wednesday, marking the longest losing streak in more than two years, as weaker Shanghai futures weighed and supply fears following the Thai floods continued to ease. A near-te
Published 23 Feb, 2017 12:00am
Copper bets cut ahead of Fed minutes but supply doubts linger
Currency

Copper bets cut ahead of Fed minutes but supply doubts linger

Funds cut bets on higher copper prices on Wednesday, driving the metal lower ahead of minutes from the Federal Reserve's last meeting, which could boost expectations of higher US interest rates and a stronger dollar. Benchmark copper on the London Metal E
Published 23 Feb, 2017 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded copper contract on the Shanghai Futures Exchange (ShFE) dipped 0.8 percent to 48,660 yuan ($7,074) a tonne on Wednesday, tempered by signs home prices in China are cooling. Also some traders took profits and reduced their positions ahead o
Published 23 Feb, 2017 12:00am
Ivory Coast cocoa production expected to hit record

Ivory Coast cocoa production expected to hit record

Cocoa production in Ivory Coast is expected to hit a record high of nearly 2 million tonnes this season as good weather boosts crops, according to a forecast of exporters and pod counters. Output in the main harvest is forecast at 1.4 million tonnes, with
Published 23 Feb, 2017 12:00am
Australia failing on multiple human rights fronts: Amnesty

Australia failing on multiple human rights fronts: Amnesty

Aboriginal children are 24 times more likely to be detained than non-indigenous Australian children, Amnesty International said Wednesday in a report accusing Canberra of complacency amid a raft of rights abuses. From indigenous justice to offshore refuge
Published 23 Feb, 2017 12:00am
Australian Prime Minister slams UN resolution as he welcomes Netanyahu

Australian Prime Minister slams UN resolution as he welcomes Netanyahu

Australian Prime Minister Malcolm Turnbull attacked the United Nations for "one-sided resolutions" against Israel's push to build settlements on occupied land as he welcomed Benjamin Netanyahu Wednesday on his first official visit to the country. Ahead of
Published 23 Feb, 2017 12:00am