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Archive - 2017-02-28
ECO to develop into a key regional economic bloc soon: PM
Pakistan Top News

ECO to develop into a key regional economic bloc soon: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Tuesday expressed his confidence that the Economic Cooperation Organization (ECO) would soon develop into a key regional economic bloc.
Published 28 Feb, 2017 08:05pm
Operation Radd ul Fasaad achieved positive results: DG ISPR
Front Top News

Operation Radd ul Fasaad achieved positive results: DG ISPR

ISLAMABAD: Director General Inter Services Public Relations (ISPR) Major General Asif Ghafoor Tuesday said Operation Radd ul Fasaad achieved positive results and army will continue its role to provide security in the country with the assistance of other i
Published 28 Feb, 2017 07:59pm
Red carpet rolled out for heads of ECO member states
World Top News

Red carpet rolled out for heads of ECO member states

ISLAMABAD: A very warm welcome was accorded to heads of member states of Economic Cooperation Organization (ECO) who arrived here Tuesday to participate in the 13th summit.
Published 28 Feb, 2017 07:45pm
Pakistan, Azerbaijan for increasing economic ties to optimum level
Pakistan Top News

Pakistan, Azerbaijan for increasing economic ties to optimum level

ISLAMABAD: Pakistan and Azerbaijan Tuesday agreed to increase efforts for attaining the optimum level of economic cooperation and the two countries should set the goals of concluding agreements of preferential tariff and trade, investment, energy and othe
Published 28 Feb, 2017 03:32pm
Putin says new Syria sanctions would hamper peace talks
World Top News

Putin says new Syria sanctions would hamper peace talks

BISHKEK: Russian President Vladimir Putin on Tuesday said Moscow opposed any new sanctions against the Syrian leadership as they would undermine peace efforts to end the country's protracted war.
Published 28 Feb, 2017 02:36pm
ECO summit to help advance economic prosperity in region: PM
World Top News

ECO summit to help advance economic prosperity in region: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Tuesday hoped that outcomes of 13th Economic Cooperation Organization (ECO) summit in the form of Islamabad Declaration and ECO Vision 2025 would further enhance regional integration, connectivity and help a
Published 28 Feb, 2017 12:24pm
Greece resumes bailout talks with EU, IMF
World

Greece resumes bailout talks with EU, IMF

ATHENS: Greece was back at the negotiating table with the EU and the IMF on Tuesday to secure a deal to keep crucial bailout funds flowing for its crisis-battered economy.
Published 28 Feb, 2017 12:06pm
India needs more inclusive growth: OECD
World Top News

India needs more inclusive growth: OECD

NEW DELHI: India's rapid economic growth has lifted 140 million people out of poverty in the past decade but many of its people still lack access to electricity and toilets, the OECD said Tuesday.
Published 28 Feb, 2017 12:04pm
EU's Juncker to unveil post-Brexit plan
Europe

EU's Juncker to unveil post-Brexit plan

BRUSSELS: European Commission chief Jean-Claude Juncker will on Wednesday unveil his plan for the EU's future after Britain's departure, his spokesman said.
Published 28 Feb, 2017 12:02pm
Stock markets downbeat before Trump speech
Financial

Stock markets downbeat before Trump speech

LONDON: World stock markets were downbeat Tuesday and the dollar came under fresh selling pressure as trading floors grew cautious before Donald Trump's speech to a joint session of Congress.
Published 28 Feb, 2017 12:01pm
Against All Odds by Johannes Hulsch
Featured Photos

Against All Odds by Johannes Hulsch

Photo Credit: Johannes Hulsch%D%AJohannes Hulsch is a talented self-taught photographer and student based in Leipzig, Germany.
Published 28 Feb, 2017 10:54am
Imad Wasim eyes Test cap
Cricket

Imad Wasim eyes Test cap

All rounder Imad Wasim, has been quick to make headlines since his debut in international cricket.
Published 28 Feb, 2017 10:45am
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Tuesday having 48570.
Published 28 Feb, 2017 10:39am
Pakistan committed towards regional connectivity: Sartaj
Pakistan Top News

Pakistan committed towards regional connectivity: Sartaj

ISLAMABAD: Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz, Tuesday said that Pakistan being the founding member of the Economic Cooperation Organization (ECO) remains strongly committed to our common goal to raise the quality of life of the
Published 28 Feb, 2017 10:32am
"Occurances" by David McLaughlin
Featured Photos

"Occurances" by David McLaughlin

Photo Credit: David McLaughlin%David McLaughlin is a talented self-taught photographer, illustrator and digital artist based in Portland, OR, USA.
Published 28 Feb, 2017 10:31am
Transcendent Ceramics by Esteban Watier
Featured Photos

Transcendent Ceramics by Esteban Watier

Photo Credit: Esteban Watier%Dsteban Watier, an amazing self-taught photographer hails from Paris, France; where he also works.
Published 28 Feb, 2017 10:02am
Surf's Up by Dylan Schwartz
Featured Photos

Surf's Up by Dylan Schwartz

Photo Credit: Dylan Schwartz%Dylan Schwartz is a superb talented art director, designer, filmmaker and photographer from Los Angeles, who currently works at Saatchi & Saatchi.
Published 28 Feb, 2017 09:25am
Poison Ivy by Ciro Galluccio
Featured Photos

Poison Ivy by Ciro Galluccio

Photo Credit: Ciro Galluccio %Diro Galluccio is a talented self-taught photographer, retoucher and UI/Web designer from Naples, who currently based in Rome, Italy.
Published 28 Feb, 2017 08:23am
Stop, Think, Make by Domenic Bahmann
Featured Photos

Stop, Think, Make by Domenic Bahmann

Photo Credit: Domenic Bahmann%Domenic Bahmann aka Domfriday is a talented 34-year old designer, visual artist and photographer from Munich, Germany who currently lives and works in Canberra, Australia.
Published 28 Feb, 2017 08:02am
Criticality of census explained
General News

Criticality of census explained

ZAHEER ABBASI%D%A%D%AISLAMABAD: The government has emphasised the importance of population census for equitable distribution of resources as well as calculation of per capita income, GDP growth and future planning of the country amid serious concerns of p
Published 28 Feb, 2017 08:01am
Trump looks to reboot in first address to Congress
Front Top News

Trump looks to reboot in first address to Congress

WASHINGTON: President Donald Trump gives his maiden speech to Congress Tuesday, trying to boost dismal approval ratings and flesh out his promise to help Americans left behind by a changing economy.
Published 28 Feb, 2017 07:31am
Google pays tribute to Edhi, Pakistans 'Angel of Mercy'
Life & Style

Google pays tribute to Edhi, Pakistans 'Angel of Mercy'

On his 89th birthday, Google paid a tribute to Pakistan most renowned and respectable humanitarian, the Late Abdul Sattar Edhi with its Doodle honours portraying him with an ambulance, a mother with two kids, a hospital, a dog and a book.
Published 28 Feb, 2017 07:28am
Protesters sue to stop US missile system in South Korea
Asia

Protesters sue to stop US missile system in South Korea

SEOUL: People living near a South Korean golf course on Tuesday sued to stop it hosting a controversial US missile system loathed by Beijing, lawyers said, after Chinese media issued a veiled threat of a consumer boycott over the plan.
Published 28 Feb, 2017 07:27am
Concept / Image series by Daniel Forero
Featured Photos

Concept / Image series by Daniel Forero

Photo Credit: Daniel Forero%Daniel Forero is a talented Colombian art director and graphic designer based in Stockholm since 2010, but currently working at Sagmeister & Walsh in New York City.
Published 28 Feb, 2017 07:23am
Two women to be charged with Kim murder
Asia

Two women to be charged with Kim murder

KUALA LUMPUR: Two women will be charged with the murder of Kim Jong-Nam, who was assassinated with a lethal nerve agent at Kuala Lumpur's main airport, Malaysia's attorney general said Tuesday.
Published 28 Feb, 2017 07:20am
Another major change in PSL
Cricket

Another major change in PSL

Pakistan Super League (PSL) has been a haven of many unique innovations from using drones to drop the balls and celebrations extraordinaire, the league has been a pioneer in several concepts.
Published 28 Feb, 2017 07:19am
Samsung heir indicted for bribery, embezzlement
Asia

Samsung heir indicted for bribery, embezzlement

SEOUL: The heir to the Samsung empire and four other top executives from the world's biggest smartphone maker were indicted Tuesday on multiple charges including bribery and embezzlement, South Korean prosecutors said.
Published 28 Feb, 2017 07:12am
Sasamat Lake by Jason Darr
Featured Photos

Sasamat Lake by Jason Darr

Photo Credit: Jason Darr%D%AJason Darr is a talented photographer based in Vancouver, British Columbia, Canada.
Published 28 Feb, 2017 06:48am
Desert In The City: N.Y.C by Genaro Bardy
Featured Photos

Desert In The City: N.Y.C by Genaro Bardy

Photo Credit: Genaro Bardy%D%AGenaro Bardy is an advertising consultant turned freelance photographer, filmmaker and story-teller currently lives and works in Paris, France.
Published 28 Feb, 2017 06:16am
Philanthropy and tax evasion
Miscellaneous

Philanthropy and tax evasion

Nobody sleeps hungry in Pakistan; so goes an urban legend based on assumptions of heavy amounts of charity doled out at shrines and other such places.
Published 28 Feb, 2017 05:51am
Abbott impressive FY16
Pharmaceuticals

Abbott impressive FY16

Abbott Laboratories (Pakistan) Limited (PSX: ABOT) announced its stellar result for FY16 which saw the company keeping its increased profitability trend intact.
Published 28 Feb, 2017 05:51am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (February 27, 2017).
Published 28 Feb, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (February 27, 2017).

Published 28 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (February 27, 2017).

Published 28 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (February 27, 2017).

Published 28 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (February 27, 2017).

Published 28 Feb, 2017 12:00am
Army chief, Dubai ruler discuss region's status quo

Army chief, Dubai ruler discuss region's status quo

Vice President and Prime Minster of the UAE and Ruler of Dubai His Highness Shaikh Mohammad bin Rashid Al Maktoum received Monday General Qamar Javed Bajwa, Chief of the Army Staff of the Pakistan Army, and his accompanying delegation. According to a pres
Published 28 Feb, 2017 12:00am
Army chief, Dubai ruler discuss region's status quo

Army chief, Dubai ruler discuss region's status quo

Vice President and Prime Minster of the UAE and Ruler of Dubai His Highness Shaikh Mohammad bin Rashid Al Maktoum received Monday General Qamar Javed Bajwa, Chief of the Army Staff of the Pakistan Army, and his accompanying delegation. According to a pres
Published 28 Feb, 2017 12:00am
Iran lifts ban on import of Pakistani kinnows

Iran lifts ban on import of Pakistani kinnows

After hectic efforts of the Government of Pakistan, Iran has lifted ban on import of Pakistani kinnows through its Sistan-Balochistan province, official sources told Business Recorder. "Iran Trade Promotion Organisation (TPO) has formally announced
Published 28 Feb, 2017 12:00am
Iran lifts ban on import of Pakistani kinnows

Iran lifts ban on import of Pakistani kinnows

After hectic efforts of the Government of Pakistan, Iran has lifted ban on import of Pakistani kinnows through its Sistan-Balochistan province, official sources told Business Recorder. "Iran Trade Promotion Organisation (TPO) has formally announced
Published 28 Feb, 2017 12:00am
Iran lifts ban on import of Pakistani kinnows

Iran lifts ban on import of Pakistani kinnows

After hectic efforts of the Government of Pakistan, Iran has lifted ban on import of Pakistani kinnows through its Sistan-Balochistan province, official sources told Business Recorder. "Iran Trade Promotion Organisation (TPO) has formally announced
Published 28 Feb, 2017 12:00am
PSL final to be held in Lahore

PSL final to be held in Lahore

The Punjab government has finally announced to hold the final of Pakistan Super League-II (PSL-II) in Lahore on March 5 amid stringent security measures for the visitors and spectators. Punjab Chief Minister Muhammad Shehbaz Sharif approved the holding of
Published 28 Feb, 2017 12:00am
PSL final to be held in Lahore

PSL final to be held in Lahore

The Punjab government has finally announced to hold the final of Pakistan Super League-II (PSL-II) in Lahore on March 5 amid stringent security measures for the visitors and spectators. Punjab Chief Minister Muhammad Shehbaz Sharif approved the holding of
Published 28 Feb, 2017 12:00am
Ghani refuses to participate in ECO

Ghani refuses to participate in ECO

Pakistan on Monday insisted that it is well connected with rest of the world and no other country, group or individual can isolate it through any propaganda, as Afghan President Ashraf Ghani refused to participate in the 13th Economic Co-operation Organis
Published 28 Feb, 2017 12:00am
Ghani refuses to participate in ECO

Ghani refuses to participate in ECO

Pakistan on Monday insisted that it is well connected with rest of the world and no other country, group or individual can isolate it through any propaganda, as Afghan President Ashraf Ghani refused to participate in the 13th Economic Co-operation Organis
Published 28 Feb, 2017 12:00am
Ghani refuses to participate in ECO

Ghani refuses to participate in ECO

Pakistan on Monday insisted that it is well connected with rest of the world and no other country, group or individual can isolate it through any propaganda, as Afghan President Ashraf Ghani refused to participate in the 13th Economic Co-operation Organis
Published 28 Feb, 2017 12:00am
Ghani refuses to participate in ECO

Ghani refuses to participate in ECO

Pakistan on Monday insisted that it is well connected with rest of the world and no other country, group or individual can isolate it through any propaganda, as Afghan President Ashraf Ghani refused to participate in the 13th Economic Co-operation Organis
Published 28 Feb, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Feb, 2017 12:00am
LSE, Deutsche Boerse merger 'dead in water'

LSE, Deutsche Boerse merger 'dead in water'

The London Stock Exchange's merger with Deutsche Boerse appears to be "dead in the water", a source close to the matter told AFP on Monday, after the LSE declared it would not meet an EU antitrust demand. In a shock announcement on Sunday, the LSE said it
Published 28 Feb, 2017 12:00am
LSE, Deutsche Boerse merger 'dead in water'

LSE, Deutsche Boerse merger 'dead in water'

The London Stock Exchange's merger with Deutsche Boerse appears to be "dead in the water", a source close to the matter told AFP on Monday, after the LSE declared it would not meet an EU antitrust demand. In a shock announcement on Sunday, the LSE said it
Published 28 Feb, 2017 12:00am
LSE, Deutsche Boerse merger ''dead in water''

LSE, Deutsche Boerse merger ''dead in water''

The London Stock Exchange''s merger with Deutsche Boerse appears to be "dead in the water", a source close to the matter told AFP on Monday, after the LSE declared it would not meet an EU antitrust demand. In a shock announcement on Sunday, the LSE said i
Published 28 Feb, 2017 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Feb, 2017 12:00am
Selling pressure sets in

Selling pressure sets in

Pakistan Stock Exchange (PSX) witnessed heavy selling pressure in almost all sectors Monday. The benchmark KSE-100 index declined by 487.25 points to close at 48,520.75 points. The market opened on a positive note and the index hit 49,081.19 points intra-
Published 28 Feb, 2017 12:00am
Board meetings in progress

Board meetings in progress

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

Published 28 Feb, 2017 12:00am
Selling pressure sets in

Selling pressure sets in

Pakistan Stock Exchange (PSX) witnessed heavy selling pressure in almost all sectors Monday. The benchmark KSE-100 index declined by 487.25 points to close at 48,520.75 points. The market opened on a positive note and the index hit 49,081.19 points intra-
Published 28 Feb, 2017 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Feb, 2017 12:00am
Selling pressure sets in

Selling pressure sets in

Pakistan Stock Exchange (PSX) witnessed heavy selling pressure in almost all sectors Monday. The benchmark KSE-100 index declined by 487.25 points to close at 48,520.75 points. The market opened on a positive note and the index hit 49,081.19 points intra-
Published 28 Feb, 2017 12:00am
BRIndex30 drops 611.09 points

BRIndex30 drops 611.09 points

On Monday, BRIndex30 opened at 27,773.08 points. It touched an intraday high of 27,805.23 points and an intraday low of 27,131.54 points and closed at 27,161.99 points which was -611.09 points or -2.2 percent lower than previous close. Total volume was 14
Published 28 Feb, 2017 12:00am
BRIndex30 drops 611.09 points

BRIndex30 drops 611.09 points

On Monday, BRIndex30 opened at 27,773.08 points. It touched an intraday high of 27,805.23 points and an intraday low of 27,131.54 points and closed at 27,161.99 points which was -611.09 points or -2.2 percent lower than previous close. Total volume was 14
Published 28 Feb, 2017 12:00am
Criticality of census explained

Criticality of census explained

The government has emphasised the importance of population census for equitable distribution of resources as well as calculation of per capita income, GDP growth and future planning of the country amid serious concerns of political parties over absence of
Published 28 Feb, 2017 12:00am
Criticality of census explained

Criticality of census explained

The government has emphasised the importance of population census for equitable distribution of resources as well as calculation of per capita income, GDP growth and future planning of the country amid serious concerns of political parties over absence of
Published 28 Feb, 2017 12:00am
Dar reviews preparations

Dar reviews preparations

Minister for Finance Senator Ishaq Dar here on Monday chaired a meeting to review preparations for the upcoming housing and population census. Chief Statistician, Pakistan Bureau of Statistics (PBS) gave an update to the Minister on the state of preparedn
Published 28 Feb, 2017 12:00am
Dar reviews preparations

Dar reviews preparations

Minister for Finance Senator Ishaq Dar here on Monday chaired a meeting to review preparations for the upcoming housing and population census. Chief Statistician, Pakistan Bureau of Statistics (PBS) gave an update to the Minister on the state of preparedn
Published 28 Feb, 2017 12:00am
Transmission line: Nepra cited by ECC without concurrence

Transmission line: Nepra cited by ECC without concurrence

Economic Co-ordination Committee (ECC) of the Cabinet has allegedly cited National Electric Power Regulatory Authority (Nepra) without its concurrence to allow exemption from withholding tax on dividends to the 660MW transmission line project, well-inform
Published 28 Feb, 2017 12:00am
Transmission line: Nepra cited by ECC without concurrence

Transmission line: Nepra cited by ECC without concurrence

Economic Co-ordination Committee (ECC) of the Cabinet has allegedly cited National Electric Power Regulatory Authority (Nepra) without its concurrence to allow exemption from withholding tax on dividends to the 660MW transmission line project, well-inform
Published 28 Feb, 2017 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee managed to sustain weeks' long firmness against the dollar on the money market on Monday in the process of trading, dealers said. The rupee showed no change in terms of the dollar for buying and selling at Rs 104.85 and Rs 104.86, they said.
Published 28 Feb, 2017 12:00am
Transmission line: Nepra cited by ECC without concurrence

Transmission line: Nepra cited by ECC without concurrence

Economic Co-ordination Committee (ECC) of the Cabinet has allegedly cited National Electric Power Regulatory Authority (Nepra) without its concurrence to allow exemption from withholding tax on dividends to the 660MW transmission line project, well-inform
Published 28 Feb, 2017 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee managed to sustain weeks' long firmness against the dollar on the money market on Monday in the process of trading, dealers said. The rupee showed no change in terms of the dollar for buying and selling at Rs 104.85 and Rs 104.86, they said.
Published 28 Feb, 2017 12:00am
CPEC projects: government to protect local industry's interest: minister

CPEC projects: government to protect local industry's interest: minister

Minister of State and Chairman Board of Investment (BOI) Dr Miftah Ismail said on Monday that the federal government will protect the interests of local industry while negotiating trade agreements with other countries. He said the government will offer sa
Published 28 Feb, 2017 12:00am
Iranian FM due on Monday

Iranian FM due on Monday

Iranian Foreign Minister Javad Zarif arrived in Islamabad on Monday to participate in the Economic Co-operation Organisation's (ECO) Council of Foreign Ministers meeting today (Tuesday). Foreign ministers/special envoys of the 10 member countries of the E
Published 28 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 27, 2017).

Published 28 Feb, 2017 12:00am
KP PA condemns mistreatment of Pakhtuns

KP PA condemns mistreatment of Pakhtuns

The Khyber Pakhtunkhwa Assembly today (Monday) unanimously criticised crackdown against Pakhtuns in Punjab, Azad Kashmir and Sindh and demanded immediate stoppage of the arrests of Pakhtuns in those areas. The resolution was moved by PPP legislator Sahibz
Published 28 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 27, 2017).

Published 28 Feb, 2017 12:00am
Brexit bill faces delay in House of Lords

Brexit bill faces delay in House of Lords

Britain's House of Lords was on a potential Brexit collision course with Prime Minister Theresa May on Monday as peers weighed changes that could delay a landmark bill to trigger the country's EU exit. Members of the unelected upper chamber are demanding
Published 28 Feb, 2017 12:00am
Chambers say won't submit budget proposals

Chambers say won't submit budget proposals

Chambers and Associations across Pakistan have unanimously decided not to submit budget proposals for the next fiscal year to express resentment against unfriendly attitude being expressed by the Federal Board of Revenue (FBR) towards business community.
Published 28 Feb, 2017 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 30 December, 2016.

Published 28 Feb, 2017 12:00am
Chambers say won't submit budget proposals

Chambers say won't submit budget proposals

Chambers and Associations across Pakistan have unanimously decided not to submit budget proposals for the next fiscal year to express resentment against unfriendly attitude being expressed by the Federal Board of Revenue (FBR) towards business community.
Published 28 Feb, 2017 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 30 December, 2016.

Published 28 Feb, 2017 12:00am
Chambers say won''t submit budget proposals

Chambers say won''t submit budget proposals

Chambers and Associations across Pakistan have unanimously decided not to submit budget proposals for the next fiscal year to express resentment against unfriendly attitude being expressed by the Federal Board of Revenue (FBR) towards business community.
Published 28 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 Monday (February 27, 2017).

Published 28 Feb, 2017 12:00am
Chambers say won''''t submit budget proposals

Chambers say won''''t submit budget proposals

Chambers and Associations across Pakistan have unanimously decided not to submit budget proposals for the next fiscal year to express resentment against unfriendly attitude being expressed by the Federal Board of Revenue (FBR) towards business community.
Published 28 Feb, 2017 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (February 27, 2017).

Published 28 Feb, 2017 12:00am
LHC not granted stay order to importers: APCTMA

LHC not granted stay order to importers: APCTMA

All Pakistan Ceramic Tiles Manufacturers Association (APCTMA) has clarified that Lahore High Court (LHC) has not granted stay order to importers in fresh petitions filed in tiles cases which are fixed for final arguments on March 10, 2017. Responding to a
Published 28 Feb, 2017 12:00am
US airstrike kills Taliban shadow governor in Afghanistan

US airstrike kills Taliban shadow governor in Afghanistan

A top Taliban leader and the shadow governor of Afghanistan's Kunduz province has been killed in a US airstrike, the Taliban confirmed Monday. Mullah Abdul Salam "was targeted by the US invaders' airstrike in Dasht-e-Arche district of Kunduz province" a T
Published 28 Feb, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (February 27, 2017)

Published 28 Feb, 2017 12:00am
US airstrike kills Taliban shadow governor in Afghanistan

US airstrike kills Taliban shadow governor in Afghanistan

A top Taliban leader and the shadow governor of Afghanistan's Kunduz province has been killed in a US airstrike, the Taliban confirmed Monday. Mullah Abdul Salam "was targeted by the US invaders' airstrike in Dasht-e-Arche district of Kunduz province" a T
Published 28 Feb, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (February 27, 2017).

Published 28 Feb, 2017 12:00am
AWJ clients told to submit claims with PSX

AWJ clients told to submit claims with PSX

This refers to our notice no.1334 dated February 27, 2017 whereby forfeiture of TRE certificate of M/s AWJ Securities (Private) Limited (AWJ) was disseminated. Pakistan Stock Exchange (PSX) has asked all TRE certificate holders and investors/clients of AW
Published 28 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 28 Feb, 2017 12:00am
AWJ clients told to submit claims with PSX

AWJ clients told to submit claims with PSX

This refers to our notice no.1334 dated February 27, 2017 whereby forfeiture of TRE certificate of M/s AWJ Securities (Private) Limited (AWJ) was disseminated. Pakistan Stock Exchange (PSX) has asked all TRE certificate holders and investors/clients of AW
Published 28 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 28 Feb, 2017 12:00am
AWJ clients told to submit claims with PSX

AWJ clients told to submit claims with PSX

This refers to our notice no.1334 dated February 27, 2017 whereby forfeiture of TRE certificate of M/s AWJ Securities (Private) Limited (AWJ) was disseminated. Pakistan Stock Exchange (PSX) has asked all TRE certificate holders and investors/clients of AW
Published 28 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (February 27, 2017).

Published 28 Feb, 2017 12:00am
Islamic banking

Islamic banking

Growing popularity of the Islamic banking system seems to have constrained some of the multilateral financial institutions to analyse the subject more thoroughly and find ways to integrate it with the international system. In this connection, the IMF on 2
Published 28 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (February 27, 2017).

Published 28 Feb, 2017 12:00am
Terrorism and psy-war

Terrorism and psy-war

The blast in Z Block Defence Housing Authority (DHA) Lahore that killed 10 people and injured 35 has now officially been characterised as a gas cylinder blast and not a terrorism attack. However, there are still sceptics questioning the official version.
Published 28 Feb, 2017 12:00am
The Weather

The Weather

The weather report on Monday (February 27, 2017) and the forecast for Tuesday (February 28, 2017).

Published 28 Feb, 2017 12:00am
State of provincial finances

State of provincial finances

The four provinces are the constituent units of the Federation of Pakistan. Their importance has increased substantially following the 18th Amendment to the Constitution, which led to the abolition of the Concurrent List of functions. The provincial gover
Published 28 Feb, 2017 12:00am
Operation Raddul Fasaad

Operation Raddul Fasaad

Operation Raddul Fasaad has been launched countrywide to counter the resurgence of terrorism in recent days. The Punjab government having been forced to abandon its resistance to the deployment of the paramilitary Rangers in the province by orders from th
Published 28 Feb, 2017 12:00am
North Korea spy agency runs arms operation out of Malaysia, UN says

North Korea spy agency runs arms operation out of Malaysia, UN says

It is in Kuala Lumpur's "Little India" neighbourhood, behind an unmarked door on the second floor of a rundown building, where a military equipment company called Glocom says it has its office. Glocom is a front company run by North Korean intelligence ag
Published 28 Feb, 2017 12:00am
PSL final in Lahore

PSL final in Lahore

The victory of Karachi Kings that has enabled them to play play-off matches and the exit of Lahore Qalandars from the Pakistan Super League (PSL) has added a new dimension to the ongoing 20-over cricket tournament. Unfortunately, however, the Dubai stadiu
Published 28 Feb, 2017 12:00am
US MIDDAY: gold slips from 3-1/2 months high
Currency

US MIDDAY: gold slips from 3-1/2 months high

Gold fell after tapping a 3-1/2-month high on Monday as US Treasury yields rose and investors waited for US President Donald Trump to outline plans for tax cuts, infrastructure spending, levies on imports and foreign policy. Spot gold turned down 0.1 perc
Published 28 Feb, 2017 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

US wheat futures fell 2 percent to their lowest in nearly three weeks on Monday, weakening on technical sales after firming briefly during the overnight trading session. Corn and soyabean futures also dropped to multi-week lows, with traders noting some e
Published 28 Feb, 2017 12:00am
Oil steadies as rising US output offsets record bullish bets

Oil steadies as rising US output offsets record bullish bets

Oil prices ended little changed on Monday as the prospect for US crude production to continue growing offset reports of high compliance to the Opec production cut agreement and record bullish bets that prices would rise further. On its penultimate day as
Published 28 Feb, 2017 12:00am
FBR told to take steps to check fake sales tax refund claims

FBR told to take steps to check fake sales tax refund claims

A parliamentary panel has directed Federal Board of Revenue (FBR) to take concrete steps to check fake sales tax refund claims. The subcommittee of Public Accounts Committee (PAC) met here on Monday under the chairmanship of Sardar Ashiq Hussian Gopang to
Published 28 Feb, 2017 12:00am
10 accused nabbed under NAP

10 accused nabbed under NAP

Crackdown against criminal elements continues in Karachi under National Action Plan (NAP) as police arrested 10 more accused during operation in different parts of the city on Monday. According to details, police arrested two dacoits after an encounter in
Published 28 Feb, 2017 12:00am
Rs seven billion approved for proposed development budget 2017-18

Rs seven billion approved for proposed development budget 2017-18

National Assembly Standing Committee on Planning, Development and Reforms has approved Rs 7 billion for the proposed development budget 2017-18 for 33 projects of Ministry of Planning, Development and Reforms. The committee met with Abdul Majeed Khan Khan
Published 28 Feb, 2017 12:00am
PTI's concern over harassment of Pashtun people in Punjab

PTI's concern over harassment of Pashtun people in Punjab

Pakistan Tehreek-e-Insaf (PTI) on Monday took serious notice of harassment of Pashtun people in different parts of Punjab under the pretext of operation Radd-ul-Fassad, especially by Punjab police. Different pamphlets were distributed by the traders in pa
Published 28 Feb, 2017 12:00am
ATC issues Alftaf Hussain's non-bailable arrest warrant

ATC issues Alftaf Hussain's non-bailable arrest warrant

Anti-terrorism Court has issued non-bailable arrest warrant of founder of Muttahida Qaumi Movement on Monday, who is living in London since 1992 in self-imposed exile. The court has instructed law enforcers to arrest the chief of MQM-London in three cases
Published 28 Feb, 2017 12:00am
OIC contact group meets today

OIC contact group meets today

Organisation of Islamic Co-operation (OIC) will host a meeting of the International Contact Group on Afghanistan in Jeddah on Tuesday (today). Delegations from over 50 countries are likely to attend the meeting. The Group, formed in 2009 under auspices of
Published 28 Feb, 2017 12:00am
'Level-one security' for 13th ECO Summit finalised

'Level-one security' for 13th ECO Summit finalised

The Ministry of Interior on Monday finalised a security plan for the upcoming 13th Economic Co-operation Organisation (ECO) Summit and decided to make 'level one security' arrangements for this mega event in the federal capital. The government has also an
Published 28 Feb, 2017 12:00am
Afghan official for opening of Torkham-Chaman border

Afghan official for opening of Torkham-Chaman border

Afghan Trade Commissioner Dr Mirwais Yousafzai has said that linking trade with politics was not in the best interest of Pakistan and Afghanistan, and urged the Pakistani government to open the Torkham and Chaman border to ease the miseries of traders at
Published 28 Feb, 2017 12:00am
Gilani's tenure as TeH chairman extended

Gilani's tenure as TeH chairman extended

The executive members of Tehreek-e-Hurriyet (TeH) Jammu and Kashmir passed a resolution to extend the tenure of its Chairman Syed Ali Gilani by a year. A spokesman of the Tehreek-e-Hurriyet in a statement in Srinagar said on Monday, "The meeting was presi
Published 28 Feb, 2017 12:00am
SECP delegates powers to SMD Commissioner and officers

SECP delegates powers to SMD Commissioner and officers

The Securities and Exchange Commission of Pakistan (SECP) has delegated its powers to the Commissioner (Securities Market Division) and Executive Directors/Head of Departments and other SECP officers under Securities Act 2015, Futures Act 2016, CDC Act an
Published 28 Feb, 2017 12:00am
Ziauddin University hosts 1st alumni reunion

Ziauddin University hosts 1st alumni reunion

Ziauddin University organised its first-ever Alumni re-union at Clifton campus. Large number of old boys and girls students gathered on the occasion. The Management of Ziauddin University realizing the importance of Alumni initiated it. Professor Dr Pirza
Published 28 Feb, 2017 12:00am
Pakistanis consume tea worth Rs 5.028 billion in January

Pakistanis consume tea worth Rs 5.028 billion in January

A report published by Pakistan Bureau of Statistics (PBS) revealed that Pakistanis have consumed tea worth Rs 5.028 billion in January-2017. During same period of previous fiscal year, figure for tea imports stood at Rs 4.833 billion. Report states that t
Published 28 Feb, 2017 12:00am
NAB unearths ill-gotten properties worth billions, arrests two

NAB unearths ill-gotten properties worth billions, arrests two

The National Accountability Bureau (NAB), Karachi, has arrested an ex-police head constable and his son, who is a serving constable, from Hyderabad and unearthed cash, gold and documents of unaccounted for properties worth billions of rupees. The NAB, Kar
Published 28 Feb, 2017 12:00am
H1 infrastructure finance posts 13 percent growth

H1 infrastructure finance posts 13 percent growth

The infrastructure finance portfolio continued to grow and posted a 13 percent rise during the first half of this fiscal year. According to the State Bank of Pakistan's Infrastructure Finance Overview (July-December 2016), infrastructure projects have rec
Published 28 Feb, 2017 12:00am
Suffa University students call on Administrator DHA

Suffa University students call on Administrator DHA

DHA Suffa University's (DSU's) students who had recently returned from abroad after participating in various international levels academic cum engineering research events called on Administrator DHA Brigadier Shahid Hassan Ali to debrief him about their v
Published 28 Feb, 2017 12:00am
Pulses' import rises 40.35 percent

Pulses' import rises 40.35 percent

Pakistan grows its dependency on import of pulses 40.35 percent to $491 million in July-January 2016-17, official figures say. Pulses import growth went up to the tune of US 141.16 million dollars from $349.840 million in July-January 2015 16, Pakistan Bu
Published 28 Feb, 2017 12:00am
CPEC to further strengthen relations with China: Zubair

CPEC to further strengthen relations with China: Zubair

Governor Sindh Muhammad Zubair on Monday said that China Pakistan Economic Corridor (CPEC) is a project that would benefit both the countries and would further strengthen the ties between the countries also. He was talking to the Consul General of China W
Published 28 Feb, 2017 12:00am
ATC wants names of Sattar, Amir Liaquat put on ECL

ATC wants names of Sattar, Amir Liaquat put on ECL

An anti-terrorism court (ATC) on Monday ordered to place names of Muttahida Qaumi Movement (MQM) leader Farooq Sattar, Amir Liaquat and Khalid Maqbool on Exit Control List (ECL) in a case pertaining to attack on media houses and provocative speeches by th
Published 28 Feb, 2017 12:00am
IBA CEIF conducts training

IBA CEIF conducts training

IBA Centre for Excellence in Islamic Finance in collaboration with Ihsan Trust conducted training on "Collection, Utilisation & Investment of Zakah & Donations in Welfare Organisations", a one-day course to provide participants with an understanding of Za
Published 28 Feb, 2017 12:00am
Leather industry needs government attention, says PTA chairman

Leather industry needs government attention, says PTA chairman

Chairman, Pakistan Tanners' Association (PTA), Anjum Zafar has expressed concern over continued decline of leather exports since first seven months of the current financial year 2016-17. He noted that from July 2016 to January 2017, exports stood at US$ 1
Published 28 Feb, 2017 12:00am
Implementation of NAP could defeat terrorism: Bilawal

Implementation of NAP could defeat terrorism: Bilawal

Pakistan Peoples Party Chairman Bilawal Bhutto Zardari on Monday said that the country did not succeed in counter terrorism efforts because of non-implementation of National Action Plan (NAP). "If NAP had been implemented, the country would not have been
Published 28 Feb, 2017 12:00am
Government races to tap virgin coal fields to meet energy crunch

Government races to tap virgin coal fields to meet energy crunch

A line of trucks weaves in and out of the open coal pit that has been dug in the Thar Desert. Below the massive hole lies one of the world's largest coal reserves, untapped until now. For years Pakistan used its Thar coal reserves as a bargaining chip in
Published 28 Feb, 2017 12:00am
Businesses continuing to benefit from aggressive rate cuts: ACCA report

Businesses continuing to benefit from aggressive rate cuts: ACCA report

A global report of the Association of Chartered Certificated Accountants (ACCA) revealed that businesses in Pakistan are continuing to benefit from a series of aggressive rate cuts by the central bank as well as the start of construction of the Pakistan-C
Published 28 Feb, 2017 12:00am
China to set up 'automobile city' in Gwadar

China to set up 'automobile city' in Gwadar

Chinese investors are contemplating to build a chemical and automobile city in Gwadar under umbrella of China-Pakistan Economic Corridor (CPEC). Sources linked to CPEC project said on Monday that Chinese authorities have already initiated paperwork on sai
Published 28 Feb, 2017 12:00am
Nepra likely to approve refund of Rs 1.62/unit for January

Nepra likely to approve refund of Rs 1.62/unit for January

National Electric Power Regulatory Authority (Nepra) on Tuesday (today) is likely to approve refund of Rs 1.62 per unit to the consumers of power distribution companies (Discos) for January under monthly fuel adjustment mechanism. According to Nepra, the
Published 28 Feb, 2017 12:00am
'Ministry's policies confined to papers only'

'Ministry's policies confined to papers only'

The policies of Ministry of National Health Services, Regulations and Co-ordination are confined to papers only as their implementation seems invisible at grassroots level, especially in the remote and far-flung areas of the country. Chairman of National
Published 28 Feb, 2017 12:00am
International Women's Day to be observed on March 8

International Women's Day to be observed on March 8

Like other countries of the world, 'International Women's Day' will be observed in the country on March 8, to promote and protect women rights with a commitment. According to a report aired by a private news channel, the motive behind observing this day i
Published 28 Feb, 2017 12:00am
Punjab Police set up 202 front desks to register complaints

Punjab Police set up 202 front desks to register complaints

Following the footprints of Khyber Pakhtunkhwa Police, the initiative of setting up Front Desks at Punjab Police Stations is getting a positive response from the citizens with respect to timely registration of complaints and cases.
Published 28 Feb, 2017 12:00am
All economic indicators improved considerably, says BoI chairman

All economic indicators improved considerably, says BoI chairman

All economic indicators have improved considerably and with the completion of new power houses and import of LNG, the energy crisis will be over that will automatically attract new Foreign Direct Investment (FDI) in Pakistan, said State Minister/Chairman
Published 28 Feb, 2017 12:00am
ITU Punjab signs MoU to integrate edX courses

ITU Punjab signs MoU to integrate edX courses

Information Technology University (ITU) of the Punjab, Lahore and the global education platform, edX, the non-profit online learning destination founded by Harvard and Massachusetts Institute of Technology, entered into a Memorandum of Understanding (MoU)
Published 28 Feb, 2017 12:00am
CPEC a huge step towards prosperity: Chinese diplomat

CPEC a huge step towards prosperity: Chinese diplomat

Chinese Counsel General Lahore Long Dingbin has said that China and Pakistan are enjoying deepened and time-tested relations that will be further flourished, especially in the fields of agriculture, education. He was addressing a meeting held at the Unive
Published 28 Feb, 2017 12:00am
MCB, Qatar Airways ink MoU

MCB, Qatar Airways ink MoU

MCB Bank Ltd, one of Pakistan's largest private sector banks, has entered into an agreement with one of the world's fastest growing airline Qatar Airways for mutually beneficial services, said MCB Head Institutional Sales, Ali Raza. He said the MCB Bank d
Published 28 Feb, 2017 12:00am
PAD removes cotton crop sown over 30 acres of land
Cotton

PAD removes cotton crop sown over 30 acres of land

The Punjab Agriculture Department (PAD) on a tip-off raided a field in Sahiwal District and removed the cotton crop sown over 30 acres of land despite a ban on early sowing under 'off-season management formula' which is aimed at preventing any epidemic at
Published 28 Feb, 2017 12:00am
LDA invites applications for prequalification of contractors

LDA invites applications for prequalification of contractors

Lahore Development Authority (LDA) has invited application for prequalification of contractors or Engineering Firms registered with Pakistan Engineering Council (PEC) for construction of 'Elevated Expressway along with Bus Stations and Allied Facilities f
Published 28 Feb, 2017 12:00am
Security arrangements: public sector colleges directed to implement SOPs

Security arrangements: public sector colleges directed to implement SOPs

Provincial Minister for Higher Education Syed Raza Ali Gillani said on Monday that public sector colleges have already been directed to implement standard operating procedures (SOPs) of their security and informed that they are also being inspected upon t
Published 28 Feb, 2017 12:00am
Shahbaz for rapid implementation of Saaf Pani project

Shahbaz for rapid implementation of Saaf Pani project

The Chief Minister of Punjab Mian Shahbaz Sharif said on Monday that future strategy has been evolved for speedy implementation of Saaf Pani Project and provision of clean drinking water in 37 Tehsils of South Punjab in first phase. The programme will be
Published 28 Feb, 2017 12:00am
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