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Archive - 2017-03-02
FATA reforms big achievement for whole nation: Amir Muqam
Pakistan Top News

FATA reforms big achievement for whole nation: Amir Muqam

ISLAMABAD: Advisor to Prime Minister and leader of Pakistan Muslim League Nawaz (PML-N), Amir Muqam on Thursday said that reforms in Federally Administered Tribal Areas (FATA), was a big achievement for the whole Pakistani nation.
Published 02 Mar, 2017 06:27pm
Merkel in Egypt to reduce migrant flows
World Top News

Merkel in Egypt to reduce migrant flows

CAIRO: German Chancellor Angela Merkel held talks Thursday with Egyptian President Abdel Fattah al-Sisi on stemming illegal migration to her country, during a two-day trip that will also include Tunisia.
Published 02 Mar, 2017 05:04pm
Dollar gains as US March rate hike seen more likely
Financial

Dollar gains as US March rate hike seen more likely

NEW YORK: The dollar gained to seven week highs against a basket of currencies on Thursday, after hawkish comments by a Federal Reserve official late on Wednesday encouraged investors to expect a near-term interest rate hike.
Published 02 Mar, 2017 04:02pm
US jobless claims hit 44-year low at end of February
World

US jobless claims hit 44-year low at end of February

WASHINGTON: The tight US labor market produced another record low for new claims for unemployment insurance last week, which hit the lowest level in almost 44 years, the Labor Department reported Thursday.
Published 02 Mar, 2017 01:45pm
Gold drops on firmer dollar as March rate hike bets rise
Commodities

Gold drops on firmer dollar as March rate hike bets rise

LONDON: Gold prices fell on Thursday, pressured by a stronger dollar on rising expectations of a US rate hike in March, but losses were muted as investors remained friendly to bullion as a hedge against global uncertainty and rising inflation.
Published 02 Mar, 2017 01:43pm
Syrian warplanes strike Homs district
Middle East

Syrian warplanes strike Homs district

BEIRUT: Syrian warplanes carried out eight air strikes in the rebel-held al-Waer district of Homs on Thursday, a military media unit run by the government's ally Hezbollah reported.
Published 02 Mar, 2017 01:42pm
Inflation rebound keeps euro zone bonds on defensive
Europe

Inflation rebound keeps euro zone bonds on defensive

LONDON: Euro zone government bond yields edged up on Thursday after inflation in the bloc hit 2 percent for the first time in four years last month, shooting past the European Central Bank's inflation target.
Published 02 Mar, 2017 01:33pm
Oil down on record US crude stocks, flat Russian output
Energy

Oil down on record US crude stocks, flat Russian output

LONDON: Oil prices fell on Thursday after US crude stocks hit an all-time high and official data showed Russian oil production unchanged in February, with no further cuts to tighten the market and drain global oversupply.
Published 02 Mar, 2017 01:29pm
Sri Lankan shares edge up on foreign investor buying
Financial

Sri Lankan shares edge up on foreign investor buying

COLOMBO: Sri Lankan shares closed marginally higher on Thursday after posting a near three-week closing low in the previous session, as foreign investors bought recently battered stocks while concerns about rising interest rates continued to hurt investor
Published 02 Mar, 2017 01:21pm
PSX, SECP assure full protection of investors
Markets

PSX, SECP assure full protection of investors

KARACHI: Pakistan Stock Exchange Limited (PSX) and SECP are jointly doing their best to protect the investors' interests by creating awareness among them about their rights and obligations of securities brokers towards them.
Published 02 Mar, 2017 01:14pm
UK still on track to trigger Article 50 this month
Europe

UK still on track to trigger Article 50 this month

COPENHAGEN: Britain remains on track to trigger the legal process for leaving the European Union by the end of March despite a setback in the House of Lords, Brexit minister David Davis said on Thursday.
Published 02 Mar, 2017 01:03pm
ECO summit to inject new impetus to regional economic growth: China
Pakistan Top News

ECO summit to inject new impetus to regional economic growth: China

BEIJING: A spokesperson of the Chinese Ministry of Foreign Affairs Thursday said the 13th Economic Cooperation Organization (ECO) summit recently held in Islamabad would inject a new impetuous to the regional economic growth.
Published 02 Mar, 2017 11:15am
ECO Summit proves Pakistan not facing isolation
General News

ECO Summit proves Pakistan not facing isolation

ISLAMABAD: Minister for Planning and Development Ahsan Iqbal has termed the Economic Cooperation Organization (ECO) summit in Islamabad as an example of successful diplomatic relations with all countries.
Published 02 Mar, 2017 11:06am
Suspected US drone kills two in Kurram Agency
Front Top News

Suspected US drone kills two in Kurram Agency

%D%AKURRAM AGENCY: A suspected US drone strike killed two men on Thursday in a Pakistani village near the Afghanistan border, a local government official and a village elder said.
Published 02 Mar, 2017 11:06am
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 49696.
Published 02 Mar, 2017 10:58am
UBL Funds receive Pakistan's corporate excellence Award 2016
Top News

UBL Funds receive Pakistan's corporate excellence Award 2016

ISLAMABAD: UBL Fund Managers Limited (UBL Funds), managing UBL Stock Advantage Fund (Equity Scheme), has received the Management Association of Pakistan's (MAP) Corporate Excellence Award in the Other Financial Services Category.
Published 02 Mar, 2017 10:55am
Food Craft by Ming Jun Tan
Featured Photos

Food Craft by Ming Jun Tan

Photo Credit: Ming Jun Tan%D%AMing Jun Tan, a talented self-taught photographer and civil engineer from Bangi, Malaysia who currently lives and works in London, UK.
Published 02 Mar, 2017 10:49am
Hues Of Scarlet
Featured Photos

Hues Of Scarlet

Photo Credit: Michal Zahornacky%D%AMichal Zahornacky is a talented 28-year-old self-taught photographer from Povask Bystrica, Slovakia.
Published 02 Mar, 2017 10:40am
Eden - Utah by Zach Allia
Featured Photos

Eden - Utah by Zach Allia

Photo Credit: Zach Allia%D%AZach Allia is a talented self taught photographer, traveler and software developer, who spend his twenties behind a computer in Silicon Valley and moved to the mountains in Utah.
Published 02 Mar, 2017 10:19am
Dolomite Mountains by Mikolaj Gospodarek
Featured Photos

Dolomite Mountains by Mikolaj Gospodarek

Photo Credit: Mikolaj Gospodarek%D%AMikolaj Gospodarek is a talented Polish photographer and filmmaker currently lives and works in Munchen, Germany.
Published 02 Mar, 2017 10:14am
Army Chief, CM Punjab assure full security for PSL final in Lahore
Front Top News

Army Chief, CM Punjab assure full security for PSL final in Lahore

%D%ALAHORE: Punjab Chief Minister Shahbaz Sharif telephoned the Army Chief General Qamar Javed Bajwa Wednesday and spoke about security arrangements for the Pakistan Super League (PSL) final scheduled to take place at Lahores Gaddafi Stadium on Sunday, Ma
Published 02 Mar, 2017 09:58am
The Frontier by Micheal Block
Featured Photos

The Frontier by Micheal Block

Photo Credit: Micheal Block%D%AMichael Block is a talented young photographer from Santa Monica, California who currently lives and studies at Columbia University in the City of New York.
Published 02 Mar, 2017 09:57am
PSL final a 'decisive moment' in Pakistan cricket history: Zaheer
Cricket

PSL final a 'decisive moment' in Pakistan cricket history: Zaheer

LAHORE: Pakistan cricket captains, Zaheer Abbas and Intikhab Alam Thursday said the final of second edition of Pakistan Super League (PSL) will portray a soft image of the country, besides sending a positive message to the world that Pakistan is safe to h
Published 02 Mar, 2017 09:51am
Cabinet meeting approves FATA merger into KP
Pakistan Top News

Cabinet meeting approves FATA merger into KP

ISLAMABAD: The Federal cabinet meeting on Thursday approved the merger of FATA with Khyber Pakhtunkhwa (KPK) after recommendations by the reforms committee.
Updated 02 Mar, 2017 09:49am
K-Electric deal waiting for govt's nod
Top News

K-Electric deal waiting for govt's nod

%D%AMUSHTAQ GHUMMAN %D%AISLAMABAD: Federal Government is not yet ready to give its final nod to Abraaj Group and China's Shanghai Electric Power (SEP) to acquire 66.
Published 02 Mar, 2017 09:42am
Red Ahead by Max Boncina
Featured Photos

Red Ahead by Max Boncina

Photo Credit: Max Boncina%D%AMax Boncina aka Max Bon, a talented self-taught photographer is based in Brooklyn, New York.
Published 02 Mar, 2017 09:28am
IDPs, TDPs counting issue to be resolved: PBS
General News

IDPs, TDPs counting issue to be resolved: PBS

ISLAMABAD: Chief Statistician Pakistan Bureau of Statistics (PBS), Asif Bajwa Thursday expressed the confidence that issue related to counting of Internally Displaced Persons (IDPs) and Temporarily Displaced Persons (TDPs) in upcoming population census wo
Published 02 Mar, 2017 09:20am
Born To Move by Max Muench
Featured Photos

Born To Move by Max Muench

Photo Credit: Max Muench%D%AMax Muench is a talented 24-year-old freelance photographer, pianist and traveler currently based in Berlin, Germany.
Published 02 Mar, 2017 08:59am
Telecom giant MTN posts first ever loss
Industry

Telecom giant MTN posts first ever loss

JOHANNESBURG: South African telecoms giant MTN said Thursday that it made a $200 million loss in 2016 -- the company's first -- after suffering a huge fine in Nigeria and currency challenges in key markets.
Published 02 Mar, 2017 08:47am
Ship Builder Santa by Mary Beth Koeth
Featured Photos

Ship Builder Santa by Mary Beth Koeth

Photo Credit: Mary Beth Koeth%Dn Ongoing Portrait Series of Off-Season Santas by Mary Beth Koeth%D%AMary Beth Koeth is a talented portrait photographer and designer, who was born in 1982 in Ohio and currently based in Toronto, Canada.
Published 02 Mar, 2017 08:28am
Torero by Maury Page
Featured Photos

Torero by Maury Page

Photo Credit: Maury Page%D%AMaury Page is a talented self-taught photographer based in Michigan.
Published 02 Mar, 2017 07:55am
Djokovic battles into Acapulco quarter-finals
Football

Djokovic battles into Acapulco quarter-finals

ACAPULCO: World number two Novak Djokovic battled into the quarter-finals of the ATP Acapulco event on Wednesday, rallying for a 4-6, 6-4, 6-4 triumph over Juan Martin del Potro.
Published 02 Mar, 2017 07:50am
Philippines takes big step back towards death penalty
Asia

Philippines takes big step back towards death penalty

MANILA: Philippine President Rodrigo Duterte's campaign to bring back the death penalty for drug-related crimes has cleared a major hurdle, with supporters backing it in congress but critics denouncing the planned killings as "inhumane".
Published 02 Mar, 2017 07:43am
Brexit vote hits Deutsche Telekom profits
Europe

Brexit vote hits Deutsche Telekom profits

FRANKFURT AM MAIN: German telecommunications giant Deutsche Telekom said Thursday net profits fell in 2016 following a depreciation in its stake in Britain's BT in the wake of last year's Brexit vote.
Published 02 Mar, 2017 07:32am
Growth in Sharia compliant investment, spur Pakistan's sukuk market
Top News

Growth in Sharia compliant investment, spur Pakistan's sukuk market

Growth of sharia-compliant investment funds in Pakistan is helping fuel demand for sukuk, or Islamic bonds, giving local firms new funding options while strengthening the case for Islamic pensions in other majority-Muslim countries.
Published 02 Mar, 2017 07:23am
No roses in Gul Ahmed's bottomline
Textile

No roses in Gul Ahmed's bottomline

In September 2016, the directors of Gul Ahmed Textile Mills (GATM) said they were optimistic for a positive bottomline growth in the remaining nine months of FY17.
Published 02 Mar, 2017 05:54am
Packages Limited: Spectacular FY16
Miscellaneous

Packages Limited: Spectacular FY16

Packages Limited (PSX: PKGS) posted its FY16 yesterday which saw a splendid increase in the company's bottomline on the back of decent growth in revenue.
Published 02 Mar, 2017 05:54am
Karachi down PSL champions

Karachi down PSL champions

Karachi Kings upset defending Pakistan Super League champions Islamabad by 44 runs in Sharjah on Wednesday as a host of foreign stars refused to travel to violence-plagued Lahore for the final citing safety fears. Paceman Mohammad Amir (3-7) and spinners
Published 02 Mar, 2017 12:00am
Karachi down PSL champions

Karachi down PSL champions

Karachi Kings upset defending Pakistan Super League champions Islamabad by 44 runs in Sharjah on Wednesday as a host of foreign stars refused to travel to violence-plagued Lahore for the final citing safety fears. Paceman Mohammad Amir (3-7) and spinners
Published 02 Mar, 2017 12:00am
Fossils point to life on Earth four billion years ago

Fossils point to life on Earth four billion years ago

The oldest fossils ever found are "direct evidence" of life on Earth 3.8 to 4.3 billion years ago when our planet was still in its infancy, researchers reported Wednesday. Even at the lower end of the spectrum, "the microfossils we discovered are about 30
Published 02 Mar, 2017 12:00am
Fossils point to life on Earth four billion years ago

Fossils point to life on Earth four billion years ago

The oldest fossils ever found are "direct evidence" of life on Earth 3.8 to 4.3 billion years ago when our planet was still in its infancy, researchers reported Wednesday. Even at the lower end of the spectrum, "the microfossils we discovered are about 30
Published 02 Mar, 2017 12:00am
Punjab chief minister, CoAS discuss security steps

Punjab chief minister, CoAS discuss security steps

Punjab Chief Minister Shahbaz Sharif telephoned the Army Chief General Qamar Javed Bajwa Wednesday and spoke about security arrangements for the Pakistan Super League (PSL) final scheduled to take place at Lahore's Gaddafi Stadium. The Army Chief asked Sh
Published 02 Mar, 2017 12:00am
Punjab chief minister, CoAS discuss security steps

Punjab chief minister, CoAS discuss security steps

Punjab Chief Minister Shahbaz Sharif telephoned the Army Chief General Qamar Javed Bajwa Wednesday and spoke about security arrangements for the Pakistan Super League (PSL) final scheduled to take place at Lahore's Gaddafi Stadium. The Army Chief asked Sh
Published 02 Mar, 2017 12:00am
KE deal waiting for government's nod

KE deal waiting for government's nod

Federal Government is not yet ready to give its final nod to Abraaj Group and China's Shanghai Electric Power (SEP) to acquire 66.4 percent stake for $1.77 billion until Rs 75 billion dues of public sector entities are cleared, well informed sources told
Published 02 Mar, 2017 12:00am
KE deal waiting for government's nod

KE deal waiting for government's nod

Federal Government is not yet ready to give its final nod to Abraaj Group and China's Shanghai Electric Power (SEP) to acquire 66.4 percent stake for $1.77 billion until Rs 75 billion dues of public sector entities are cleared, well informed sources told
Published 02 Mar, 2017 12:00am
KE deal waiting for government''s nod

KE deal waiting for government''s nod

Federal Government is not yet ready to give its final nod to Abraaj Group and China''s Shanghai Electric Power (SEP) to acquire 66.4 percent stake for $1.77 billion until Rs 75 billion dues of public sector entities are cleared, well informed sources told
Published 02 Mar, 2017 12:00am
Budget will focus on inclusive growth: Dar

Budget will focus on inclusive growth: Dar

Finance Minister Ishaq Dar Wedne-sday said that budget for the next fiscal year would focus on inclusive growth and all stakeholders would be taken on board in the process of its finalisation. Dar chaired a meeting to review progress of preparations for t
Published 02 Mar, 2017 12:00am
Budget will focus on inclusive growth: Dar

Budget will focus on inclusive growth: Dar

Finance Minister Ishaq Dar Wedne-sday said that budget for the next fiscal year would focus on inclusive growth and all stakeholders would be taken on board in the process of its finalisation. Dar chaired a meeting to review progress of preparations for t
Published 02 Mar, 2017 12:00am
Budget will focus on inclusive growth: Dar

Budget will focus on inclusive growth: Dar

Finance Minister Ishaq Dar Wedne-sday said that budget for the next fiscal year would focus on inclusive growth and all stakeholders would be taken on board in the process of its finalisation. Dar chaired a meeting to review progress of preparations for t
Published 02 Mar, 2017 12:00am
Indonesia, Saudi Arabia sign deals as king starts landmark visit

Indonesia, Saudi Arabia sign deals as king starts landmark visit

Indonesia and Saudi Arabia Wednesday signed agreements in areas ranging from trade to aviation as the kingdom's monarch visited the world's most populous Muslim-majority country for the first time in almost half a century. King Salman was treated to an el
Published 02 Mar, 2017 12:00am
Indonesia, Saudi Arabia sign deals as king starts landmark visit

Indonesia, Saudi Arabia sign deals as king starts landmark visit

Indonesia and Saudi Arabia Wednesday signed agreements in areas ranging from trade to aviation as the kingdom's monarch visited the world's most populous Muslim-majority country for the first time in almost half a century. King Salman was treated to an el
Published 02 Mar, 2017 12:00am
Indonesia, Saudi Arabia sign deals as king starts landmark visit

Indonesia, Saudi Arabia sign deals as king starts landmark visit

Indonesia and Saudi Arabia Wednesday signed agreements in areas ranging from trade to aviation as the kingdom''s monarch visited the world''s most populous Muslim-majority country for the first time in almost half a century. King Salman was treated to an
Published 02 Mar, 2017 12:00am
Indonesia, Saudi Arabia sign deals as king starts landmark visit

Indonesia, Saudi Arabia sign deals as king starts landmark visit

Indonesia and Saudi Arabia Wednesday signed agreements in areas ranging from trade to aviation as the kingdom''''s monarch visited the world''''s most populous Muslim-majority country for the first time in almost half a century. King Salman was treated to
Published 02 Mar, 2017 12:00am
Senate body for PIA BoD revamp

Senate body for PIA BoD revamp

The Senate Special Committee on Performance of Pakistan International Airlines has strongly recommended revamping of PIA board of directors to improve performance of the national flag carrier. The committee, which met here on Wednesday under the chairmans
Published 02 Mar, 2017 12:00am
Senate body for PIA BoD revamp

Senate body for PIA BoD revamp

The Senate Special Committee on Performance of Pakistan International Airlines has strongly recommended revamping of PIA board of directors to improve performance of the national flag carrier. The committee, which met here on Wednesday under the chairmans
Published 02 Mar, 2017 12:00am
Senate body for PIA BoD revamp

Senate body for PIA BoD revamp

The Senate Special Committee on Performance of Pakistan International Airlines has strongly recommended revamping of PIA board of directors to improve performance of the national flag carrier. The committee, which met here on Wednesday under the chairmans
Published 02 Mar, 2017 12:00am
Juncker says Brexit can't stop EU's future
Currency

Juncker says Brexit can't stop EU's future

European Commission chief Jean-Claude Juncker said Wednesday that Britain's departure would not hold the EU back, as he unveiled plans for the bloc's post-Brexit future. Juncker laid out five possible scenarios including reducing the European Union to jus
Published 02 Mar, 2017 12:00am
Juncker says Brexit can't stop EU's future
Currency

Juncker says Brexit can't stop EU's future

European Commission chief Jean-Claude Juncker said Wednesday that Britain's departure would not hold the EU back, as he unveiled plans for the bloc's post-Brexit future. Juncker laid out five possible scenarios including reducing the European Union to jus
Published 02 Mar, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 02 Mar, 2017 12:00am
Juncker says Brexit can''t stop EU''s future
Currency

Juncker says Brexit can''t stop EU''s future

European Commission chief Jean-Claude Juncker said Wednesday that Britain''s departure would not hold the EU back, as he unveiled plans for the bloc''s post-Brexit future. Juncker laid out five possible scenarios including reducing the European Union to j
Published 02 Mar, 2017 12:00am
PSX makes smart recovery

PSX makes smart recovery

Pakistan Stock Exchange (PSX) Wednesday witnessed a healthy recovery on the back of fresh buying in almost all sectors. The benchmark KSE-100 index registered a gain of 457.93 points and closed at 48,992.16 points. The market opened on a positive note and
Published 02 Mar, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Mar, 2017 12:00am
PSX makes smart recovery

PSX makes smart recovery

Pakistan Stock Exchange (PSX) Wednesday witnessed a healthy recovery on the back of fresh buying in almost all sectors. The benchmark KSE-100 index registered a gain of 457.93 points and closed at 48,992.16 points. The market opened on a positive note and
Published 02 Mar, 2017 12:00am
PSX makes smart recovery

PSX makes smart recovery

Pakistan Stock Exchange (PSX) Wednesday witnessed a healthy recovery on the back of fresh buying in almost all sectors. The benchmark KSE-100 index registered a gain of 457.93 points and closed at 48,992.16 points. The market opened on a positive note and
Published 02 Mar, 2017 12:00am
BRIndex30 picks up 566.99 points

BRIndex30 picks up 566.99 points

On Wednesday, BRIndex30 opened at 27,209.12 and remained positive throughout the trading session. It touched an intraday high of 27,824.09 and an intraday Low of 27,209.12 and closed at 27,776.11 which was 566.99 points or 2.08 percent higher than previou
Published 02 Mar, 2017 12:00am
BRIndex30 picks up 566.99 points

BRIndex30 picks up 566.99 points

On Wednesday, BRIndex30 opened at 27,209.12 and remained positive throughout the trading session. It touched an intraday high of 27,824.09 and an intraday Low of 27,209.12 and closed at 27,776.11 which was 566.99 points or 2.08 percent higher than previou
Published 02 Mar, 2017 12:00am
ECO leaders link CPEC to region's development

ECO leaders link CPEC to region's development

The 13th Summit of the Economic Co-operation Organisation (ECO) on Wednesday came up with a unanimous resolve to build and promote multidimensional connectivity for greater regional co-operation and integration. The leadership of the 10-member ECO, which
Published 02 Mar, 2017 12:00am
ECO leaders link CPEC to region's development

ECO leaders link CPEC to region's development

The 13th Summit of the Economic Co-operation Organisation (ECO) on Wednesday came up with a unanimous resolve to build and promote multidimensional connectivity for greater regional co-operation and integration. The leadership of the 10-member ECO, which
Published 02 Mar, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Monday (March 01, 2017).

Published 02 Mar, 2017 12:00am
ECO leaders link CPEC to region''s development

ECO leaders link CPEC to region''s development

The 13th Summit of the Economic Co-operation Organisation (ECO) on Wednesday came up with a unanimous resolve to build and promote multidimensional connectivity for greater regional co-operation and integration. The leadership of the 10-member ECO, which
Published 02 Mar, 2017 12:00am
Prime Minister talks about connectivity

Prime Minister talks about connectivity

Prime Minister Nawaz Sharif said on Wednesday that China-Pakistan Economic Corridor (CPEC) is now being recognised as a catalyst for trade, energy as well as infrastructure and transport connectivity of the entire South and Central Asia. Addressing the in
Published 02 Mar, 2017 12:00am
Prime Minister talks about connectivity

Prime Minister talks about connectivity

Prime Minister Nawaz Sharif said on Wednesday that China-Pakistan Economic Corridor (CPEC) is now being recognised as a catalyst for trade, energy as well as infrastructure and transport connectivity of the entire South and Central Asia. Addressing the in
Published 02 Mar, 2017 12:00am
Prime Minister talks about connectivity

Prime Minister talks about connectivity

Prime Minister Nawaz Sharif said on Wednesday that China-Pakistan Economic Corridor (CPEC) is now being recognised as a catalyst for trade, energy as well as infrastructure and transport connectivity of the entire South and Central Asia. Addressing the in
Published 02 Mar, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee was firm in relation to the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee inched up by two paisas in terms of the dollar for buying and selling at Rs 104.83 and Rs 104.84 respectively, they said.
Published 02 Mar, 2017 12:00am
World is worried about global warming: SAU VC

World is worried about global warming: SAU VC

The Vice Chancellor of Sindh Agriculture University (SAU), Tando Jam, Mujeeb-ur-Rehman Sehrai has said that the world is worried about global warming and climatic changes, and the reason behind this is rapid increase in population, lack of trees and fores
Published 02 Mar, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee was firm in relation to the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee inched up by two paisas in terms of the dollar for buying and selling at Rs 104.83 and Rs 104.84 respectively, they said.
Published 02 Mar, 2017 12:00am
'PSX, SECP working hard to protect investors' interest'

'PSX, SECP working hard to protect investors' interest'

Pakistan Stock Exchange Limited (PSX) as a frontline regulator and the Securities and Exchange Commission of Pakistan (SECP) being the Apex Regulator of capital market are jointly working hard for protection of investors' interests, creating awareness amo
Published 02 Mar, 2017 12:00am
Blood donation drive by Al Baraka Bank (Pakistan) Limited

Blood donation drive by Al Baraka Bank (Pakistan) Limited

Al Baraka Bank (Pakistan) Limited organised a blood donation camp at its Head office here recently. At Al Baraka, Corporate Social Responsibility is at the heart of their business model. The Bank operates with a vision of providing society with a fair & e
Published 02 Mar, 2017 12:00am
TPL Trakker Limited embarks into joint venture with SIM4

TPL Trakker Limited embarks into joint venture with SIM4

The TPL Trakker Limited has embarked into a joint venture with SIM4, a start up incubated at Teamup. The entity formed under the Joint venture is TPL mobile which will offer high quality and affordable mobile communication services to resident and non-res
Published 02 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 01, 2017).

Published 02 Mar, 2017 12:00am
APBF condemns conspiracies against CPEC

APBF condemns conspiracies against CPEC

The All Pakistan Business Forum (APBF) has expressed its concerns regarding the conspiracies being observed against the 'China-Pakistan Economic Corridor' (CPEC) - a transnational project, promising an investment of over $50 billion. The recent rise in te
Published 02 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 01, 2017).

Published 02 Mar, 2017 12:00am
Afghan diplomat urges Islamabad to reopen border

Afghan diplomat urges Islamabad to reopen border

Pakistan Ambassador to Afghanistan was summoned by Afghan Deputy Chief of Staff at the Ministry of Defence over the cross-border shelling and closure of the crossing points between the two countries. According to Foreign Office Spokesperson Nafees Zakaria
Published 02 Mar, 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 (March 01, 2017).

Published 02 Mar, 2017 12:00am
Afghan diplomat urges Islamabad to reopen border

Afghan diplomat urges Islamabad to reopen border

Pakistan Ambassador to Afghanistan was summoned by Afghan Deputy Chief of Staff at the Ministry of Defence over the cross-border shelling and closure of the crossing points between the two countries. According to Foreign Office Spokesperson Nafees Zakaria
Published 02 Mar, 2017 12:00am
Murdoch's Fox set to request EU approval for Sky takeover bid

Murdoch's Fox set to request EU approval for Sky takeover bid

Rupert Murdoch's Twenty-First Century Fox will seek approval from the European Commission for its $14.4 billion bid for European pay-TV firm Sky in the coming days, a person familiar with the matter said. The source, who declined to be named because the d
Published 02 Mar, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 01, 2017)

Published 02 Mar, 2017 12:00am
France's Fillon denounces probe, fights on for presidency

France's Fillon denounces probe, fights on for presidency

Conservative Francois Fillon promised on Wednesday to fight "to the end" in France's presidential election despite a deepening investigation into a financial scandal, but his campaign suffered a new blow as a top aide resigned. The former prime minister r
Published 02 Mar, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 01, 2017).

Published 02 Mar, 2017 12:00am
FBR lodges FIR against steel importer

FBR lodges FIR against steel importer

Directorate General of Intelligence and Investigation-FBR (Customs Enforcement) Regional Office, Karachi claimed on Wednesday to have caught an importer, who is reportedly involved in liberating duty unpaid imported GP steel sheet coils weighting 2,150.36
Published 02 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 02 Mar, 2017 12:00am
FBR lodges FIR against steel importer

FBR lodges FIR against steel importer

Directorate General of Intelligence and Investigation-FBR (Customs Enforcement) Regional Office, Karachi claimed on Wednesday to have caught an importer, who is reportedly involved in liberating duty unpaid imported GP steel sheet coils weighting 2,150.36
Published 02 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 02 Mar, 2017 12:00am
FBR lodges FIR against steel importer

FBR lodges FIR against steel importer

Directorate General of Intelligence and Investigation-FBR (Customs Enforcement) Regional Office, Karachi claimed on Wednesday to have caught an importer, who is reportedly involved in liberating duty unpaid imported GP steel sheet coils weighting 2,150.36
Published 02 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 01, 2017).

Published 02 Mar, 2017 12:00am
IHC issues non-bailable arrest warrants for NADRA chief

IHC issues non-bailable arrest warrants for NADRA chief

The Islamabad High Court (IHC) Wednesday issued non-bailable arrest warrants for National Database and Registration Authority (NADRA) Chairman Usman Yusuf Mobeen and a representative of Ministry of Interior for not abiding by the court's orders. The warra
Published 02 Mar, 2017 12:00am
The Weather

The Weather

The weather report on Wednesday (March 01, 2017) and the forecast for Thursday (March 02, 2017).

Published 02 Mar, 2017 12:00am
IHC issues non-bailable arrest warrants for NADRA chief

IHC issues non-bailable arrest warrants for NADRA chief

The Islamabad High Court (IHC) Wednesday issued non-bailable arrest warrants for National Database and Registration Authority (NADRA) Chairman Usman Yusuf Mobeen and a representative of Ministry of Interior for not abiding by the court's orders. The warra
Published 02 Mar, 2017 12:00am
Twin Taliban suicide attacks in Kabul kill 16

Twin Taliban suicide attacks in Kabul kill 16

Sixteen people were killed Wednesday in simultaneous Taliban suicide assaults on two security compounds in Kabul, as the insurgents ramp up attacks even before the start of their annual spring offensive. Dozens of others were wounded as explosions and gun
Published 02 Mar, 2017 12:00am
Twin Taliban suicide attacks in Kabul kill 16

Twin Taliban suicide attacks in Kabul kill 16

Sixteen people were killed Wednesday in simultaneous Taliban suicide assaults on two security compounds in Kabul, as the insurgents ramp up attacks even before the start of their annual spring offensive. Dozens of others were wounded as explosions and gun
Published 02 Mar, 2017 12:00am
FBR issues updated ATL

FBR issues updated ATL

The Federal Board of Revenue (FBR) on Wednesday issued an updated Active Taxpayers List (ATL), containing names of all those taxpayers, who filed their income tax returns electronically, for the tax year 2016. The list has been displayed on the FBR's webs
Published 02 Mar, 2017 12:00am
Criticality of census

Criticality of census

During a recent meeting of the Senate Standing Committee on Finance chaired by Saleem Mandviwalla, Chief Census Commissioner Asif Bajwa emphasised the importance of a census in formulating appropriate economic policies that target the problem areas identi
Published 02 Mar, 2017 12:00am
'In the national interest'?

'In the national interest'?

After extensive deliberations with input from the security services and consultation with the prime minister, the Punjab government has given the go ahead for the Pakistan Super League (PSL) T20 cricket final to be held in Lahore on March 5, 2017. Chief M
Published 02 Mar, 2017 12:00am
PSL in Lahore - a risky affair

PSL in Lahore - a risky affair

That the decision to hold the Pakistan Super League (PSL) final in Lahore in the wake of a wave of terrorist attacks all across the country - including a suicide bombing in front of the Punjab Assembly that claimed 14 lives and another unexplained blast i
Published 02 Mar, 2017 12:00am
US military marches forward on green energy, despite Trump

US military marches forward on green energy, despite Trump

President Donald Trump and his top advisors have often scoffed at government support of green energy. His chief strategist called it "madness." But the largest US government agency - the Department of Defense - plans to forge ahead under the new administr
Published 02 Mar, 2017 12:00am
In India, a new banking system to reach the masses

In India, a new banking system to reach the masses

At a furniture store outside India's capital, a salesman scans the manager's ID and takes her fingerprint on a biometric device attached to his cellphone. Within minutes, Meenakshi Sharma becomes eligible for an account with Paytm, joining the hundreds of
Published 02 Mar, 2017 12:00am
Finance account still positive

Finance account still positive

That Pakistan's finance is still positive because of the China Pakistan Economic Corridor (CPEC) is both good and bad news. It's good news because the CPEC has helped propel the country's fledgling economy; the bad news is that the country would have been
Published 02 Mar, 2017 12:00am
Revival of military courts: NA, Senate sessions summoned

Revival of military courts: NA, Senate sessions summoned

After getting the draft for the revival of military courts approved from the parliamentary committee, the government has summoned National Assembly and Senate sessions for its passage. The Pakistan Peoples' Party (PPP) is the only major party in parliamen
Published 02 Mar, 2017 12:00am
German national held in Islamabad's Red Zone

German national held in Islamabad's Red Zone

Police on Wednesday detained a suspicious foreigner in the federal capital's Red Zone. According to police, Marcel Deutsch, a German national, was rounded up near Serena Hotel. He has been moved to Secretariat Police Station for interrogation. Police furt
Published 02 Mar, 2017 12:00am
China conducts counter-terrorism drills along Pakistan border

China conducts counter-terrorism drills along Pakistan border

Chinese Air and land forces staged joint counter-terrorism drills around the Tianshan Mountains in Northwest China's Xinjiang Uyghur Autonomous Region that is close to Pakistan's border region. Directed by the Xinjiang Armed Police Corps and an unidentifi
Published 02 Mar, 2017 12:00am
CoAS for enhanced military cooperation with Turkey

CoAS for enhanced military cooperation with Turkey

Chief of the Army Staff (CoAS) General Qamar Javed Bajwa on Wednesday emphasised the need to further enhance the existing military-to-military co-operation between the brotherly Armed Forces of Pakistan and Turkey. According to Inter-Services Public Relat
Published 02 Mar, 2017 12:00am
Rear Admiral Kaleem takes over as Commander PN fleet

Rear Admiral Kaleem takes over as Commander PN fleet

Rear Admiral Kaleem Shaukat has assumed the office of Commander Pakistan Fleet on Wednesday. On command's assumption, he is now the Operational Commander of PN Fleet including Ships, Fast Attack Craft (Missile), Submarines and Aviation units. Rear Admiral
Published 02 Mar, 2017 12:00am
ISPR prepares promo for 23rd March

ISPR prepares promo for 23rd March

The Inter Services Public Relations (ISPR) has prepared special promo for the celebrations of the 70th Pakistan Day. "No force on earth can undo Pakistan" is the main theme of the promo with core slogan "Pakistan Zindabad."
Published 02 Mar, 2017 12:00am
Senate, Cuban NA ink MoU to boost cooperation

Senate, Cuban NA ink MoU to boost cooperation

The Senate of Pakistan and National Assembly of Cuba have signed a Memorandum of Understanding (MoU) for strengthening of co-operation on Parliamentary Affairs. Chairman Senate Mian Raza Rabbani said, "The MoU would further boost the parliamentary co-oper
Published 02 Mar, 2017 12:00am
Supreme Court calls for fresh Nadra report on overseas ID card

Supreme Court calls for fresh Nadra report on overseas ID card

The Supreme Court today (Wednesday) asked the chairman of Nadra to submit a report pertaining to the mechanism for determining the rates of payment for issuance and cancellation of Pakistan Origin Cards for overseas Pakistanis. On February 11, Chief Justi
Published 02 Mar, 2017 12:00am
Institutions created for accountability corrupted by rulers: JI chief

Institutions created for accountability corrupted by rulers: JI chief

Jamaat-e-Islami (JI) Emir Sirajul Haq Wednesday said that rulers have corrupted the state institutions created for accountability, saying that institutions like National Accountability Bureau (NAB) and Federal Investigation Agency (FIA) are not ready to t
Published 02 Mar, 2017 12:00am
Imran to skip PSL final

Imran to skip PSL final

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan will not watch Pakistan Super League (PSL) final at Gaddafi Stadium in Lahore, the party's spokesman Fawad Chaudhry said. The PSL final is scheduled to be held in Lahore on March 5. Addressing a press con
Published 02 Mar, 2017 12:00am
Man on blaze: Shahbaz seeks report from CPO Rawalpindi

Man on blaze: Shahbaz seeks report from CPO Rawalpindi

Punjab Chief Minister Muhammad Shehbaz Sharif here Wednesday has taken notice of news flashing on media about setting 30 years old man on fire in Taxila and sought a report from CPO Rawalpindi. Shehbaz Sharif ordered to conduct detailed investigation into
Published 02 Mar, 2017 12:00am
PBC calls for comprehensive policy on trade with India

PBC calls for comprehensive policy on trade with India

Pakistan Business Council (PBC) has that said normalisation of relations between arch-rivals Pakistan and India does not seems a possibility in near future. PBC stated that normalization is matter of 'when' and not 'if in context of given geography. PBC b
Published 02 Mar, 2017 12:00am
Packages Limited, A&R Carton ink agreement

Packages Limited, A&R Carton ink agreement

Packages Limited has signed a strategic partnership agreement with A&R Carton AB of Lund, Sweden. A&R Carton is a leading packaging company with 14 production sites in nine European countries offering carton-packaging concepts to a wide range of consumer
Published 02 Mar, 2017 12:00am
Nine killed, two injured as coach plunges into ravine

Nine killed, two injured as coach plunges into ravine

At least nine passengers, including two women and children, were killed and two suffered injuries when their coach plunged into a deep ravine near Shinkiari area of Mansehra on Wednesday. According to Shinkiari police, a jeep with nine passengers onboard
Published 02 Mar, 2017 12:00am
KP delegation to meet Pakhtun community of Lahore

KP delegation to meet Pakhtun community of Lahore

Speaker Khyber Pakhtunkhwa Assembly Asad Qaiser said on Wednesday that a delegation comprising the provincial ministers will visit Lahore on Monday to meet the affected Pakhtuns and listen to their grievances. Addressing a news conference along with Provi
Published 02 Mar, 2017 12:00am
Swat snow festival to begin on March 3

Swat snow festival to begin on March 3

The Tourism Corporation Khyber Pakhtunkhwa (TCKP) in collaboration with the district administration Swat will hold a 3-day snow festival in the scenic tourist resort MalamJabba from tomorrow (Friday). Speaking at a meeting here on Wednesday, Managing Dire
Published 02 Mar, 2017 12:00am
Peace, development are of paramount importance: Nisar

Peace, development are of paramount importance: Nisar

Minister for Interior Chaudhry Nisar Ali Khan on Wednesday said peace and development have a paramount importance for people of Pakistan, not confrontation and chaos. The Minister, who visited different localities of his constituency including Barka, Pape
Published 02 Mar, 2017 12:00am
Thousands defy rally ban to celebrate Qadri's death anniversary

Thousands defy rally ban to celebrate Qadri's death anniversary

Thousands of people defied a ban on demonstrations to rally on Wednesday in support of a man executed for murdering ex-governor Punjab Salmaan Taseer over his call to reform the country's blasphemy laws. Mumtaz Qadri was executed on February 29 last year
Published 02 Mar, 2017 12:00am
Success of society linked with education: Jhagra

Success of society linked with education: Jhagra

Khyber Pakhtunkhwa Governor Engr Iqbal Zafar Jhagra has said that the success of societies is closely linked to the pursuit of education and knowledge which their young generations are following. To make efficient development of the country possible, he a
Published 02 Mar, 2017 12:00am
Tribal students demand KP-Fata merger

Tribal students demand KP-Fata merger

Demanding immediate implementation of the proposed reforms in the tribal region, students from the Federally Administered Tribal Areas today (Wednesday) called for FATA's merger with Khyber Pakhtunkhwa. Nisar Baz, who was representing the student organisa
Published 02 Mar, 2017 12:00am
'Pakistan, Turkey stand by each other in moments of sorrow'

'Pakistan, Turkey stand by each other in moments of sorrow'

First lady Begum Mahmooda Mamnoon Hussain and First lady of Republic of Turkey Ms Emine Erdogan have said that relations between Pakistan, Turkey and Turkish Republic of Northern Cyprus (TRNC) have always enjoyed special fraternal bonds and both have stoo
Published 02 Mar, 2017 12:00am
Sindh government, HANDS to cooperate in health sector

Sindh government, HANDS to cooperate in health sector

The Sindh government has joined hands with the private sector to ensure delivery of service to the people of the province and enhance the working capacity and performance of the government, Sindh chief minister Syed Murad Ali Shah said today (Wednesday).
Published 02 Mar, 2017 12:00am
'Industrial plots should not be used for profiteering'

'Industrial plots should not be used for profiteering'

The Punjab Industrial Estate Development and Management Company (PIEDMC) former chairman and executive committee member of the Lahore Chamber of Commerce and Industry, Malik Tahir Javed, has urged the Punjab Chief Minister to ensure that plots purchased f
Published 02 Mar, 2017 12:00am
Silkbank declares Rs 739 million profit after tax

Silkbank declares Rs 739 million profit after tax

The Board of Directors of Silkbank Limited, in their meeting held recently, declared an operating profit of Rs 1.23 billion, with a profit after tax of Rs 739 million. The results were a turnaround for the bank with a net profit increase of Rs 2.58 billio
Published 02 Mar, 2017 12:00am
Silkbank declares Rs 739 million profit after tax

Silkbank declares Rs 739 million profit after tax

The Board of Directors of Silkbank Limited, in their meeting held recently, declared an operating profit of Rs 1.23 billion, with a profit after tax of Rs 739 million. The results were a turnaround for the bank with a net profit increase of Rs 2.58 billio
Published 02 Mar, 2017 12:00am
Pakhtuns' ethnic profiling: ANP-W warns PM of 'serious' implications

Pakhtuns' ethnic profiling: ANP-W warns PM of 'serious' implications

Awami National Party-Wali (ANP-W) on Wednesday warned the Prime Minister of 'serious' implications of Pakhtuns' ethnic profiling on terrorism in Punjab and Sindh, asking the government to end racial hatred in the country. On the pretext of crackdown on Af
Published 02 Mar, 2017 12:00am
67 international exhibitors to attend auto show from tomorrow

67 international exhibitors to attend auto show from tomorrow

With the participation of 67 international exhibitors, Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) is organising the Pakistan Auto Show (PAPS) from March 3-5 at Expo Center, Karachi. This was stated by Mashood Ali Khan
Published 02 Mar, 2017 12:00am
KPT starts online transfer of pension

KPT starts online transfer of pension

The Karachi Port Trust (KPT) took a bold initiative to facilitate its pensioners through commissioning an online transfer system to transfer pension directly in the accounts of KPT Pensioners. The facility was inaugurated by Chairman KPT Vice Admiral (ret
Published 02 Mar, 2017 12:00am
Government raises Rs 387 billion through MTBs auction

Government raises Rs 387 billion through MTBs auction

The federal government Wednesday borrowed Rs 387 billion through the auction for Market Treasury Bills to tackle fiscal deficit. The State Bank of Pakistan (SBP), on March 1, 2017, conducted the auction for the sale of 3-month, 6-month and 12-month MTBs a
Published 02 Mar, 2017 12:00am
Government raises Rs 387 billion through MTBs auction

Government raises Rs 387 billion through MTBs auction

The federal government Wednesday borrowed Rs 387 billion through the auction for Market Treasury Bills to tackle fiscal deficit. The State Bank of Pakistan (SBP), on March 1, 2017, conducted the auction for the sale of 3-month, 6-month and 12-month MTBs a
Published 02 Mar, 2017 12:00am
Threat alert for Ghazi's shrine issued

Threat alert for Ghazi's shrine issued

The government on Wednesday issued a threat alert letter for security of the shrine of Abdullah Shah Ghazi located in Clifton area of Karachi. According to the letter issued by National Counter Terrorism Authority (NACTA), a terrorist organisation is plan
Published 02 Mar, 2017 12:00am
Balochistan ex-minister held in wheat corruption case

Balochistan ex-minister held in wheat corruption case

The National Accountability Bureau (NAB) officials on Wednesday arrested former Food minister Balochistan, Asfandyar Kakar. The ex-minister was arrested for alleged misappropriation of Rs 292 million. He was taken into custody after a local court rejected
Published 02 Mar, 2017 12:00am
IMC to set up Diamond Booth at Pakistan Auto Show 2017

IMC to set up Diamond Booth at Pakistan Auto Show 2017

Indus Motor Company (IMC), the manufacturer and distributor of Toyota vehicles announced on Wednesday that it will be a diamond sponsor for the Pakistan Auto Show 2017 being held at Expo Center Karachi from 3rd March 2017. The Pakistan Auto Show 2017 is t
Published 02 Mar, 2017 12:00am
'Fair marketing system vital for sustainable agriculture development'

'Fair marketing system vital for sustainable agriculture development'

Speakers at a seminar on Wednesday said that transparent and fair marketing system based on justices, of the agricultural goods and livestock was essential for the sustainable agricultural development and making it profitable sector. They addressed a semi
Published 02 Mar, 2017 12:00am
Solar net metering: LESCO installs six rooftop connections

Solar net metering: LESCO installs six rooftop connections

The Lahore Electric Supply Company (LESCO) has installed six rooftop solar net metering connections of 268kV, said a spokesman for the Company. He said the LESCO has received 29 applications so far out of which 26 applications have been forwarded to the N
Published 02 Mar, 2017 12:00am