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Archive - 2017-03-04
'Missing final a setback for me', Afridi
Cricket

'Missing final a setback for me', Afridi

LAHORE: Flamboyant all rounder, Shahid Afridi said on Saturday that missing the final of Pakistan Super League (PSL) owing to a hand injury is a big set back for him.
Published 04 Mar, 2017 07:16pm
'We will be aiming to win PSL final': Sarfraz
Front Top News

'We will be aiming to win PSL final': Sarfraz

LAHORE: Quetta Gladiators Captain Sarfraz Ahmad said on Saturday that his team would go all out to final of the second Pakistan Super League (PSL), which eluded them in its first edition at Dubai last year.
Published 04 Mar, 2017 07:14pm
Kamran confident of Peshawar Zalmi win in PSL final
Cricket

Kamran confident of Peshawar Zalmi win in PSL final

LAHORE: The highest run-getter of the Pakistan Super League, Kamran Akmal is confident of his team Peshawar Zalmi's success against Quetta Gladiators in the final of Pakistan Super League here tomorrow, Sunday at the Gadaffi stadium.
Published 04 Mar, 2017 07:13pm
Shehbaz invites 200 students to PSL final in Lahore
General News

Shehbaz invites 200 students to PSL final in Lahore

LAHORE: On the special invitation of Chief Minister Punjab Muhammad Shehbaz Sharif, 200 students of Balochistan, Sindh, Khyber Pakhtunkhwa, Azad Kashmir and Gilgit-Baltistan would watch the final match of Pakistan Super League (PSL) here on Sunday.
Published 04 Mar, 2017 06:10pm
PSL final match honour for Pakistan: Shehbaz Sharif
Pakistan Top News

PSL final match honour for Pakistan: Shehbaz Sharif

LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif on Saturday said holding of PSL final match in Lahore was an honour for the whole of Pakistan and expression of unwavering commitment of the nation against terrorism.
Published 04 Mar, 2017 06:09pm
Progress of all federating units is my vision: PM
Pakistan Top News

Progress of all federating units is my vision: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Saturday said his government's vision of transforming the country into a truly developed state was based on progress and development of all federating units.
Published 04 Mar, 2017 10:39am
China launches spy satellite
Technology

China launches spy satellite

On Friday, China just launched an experimental reconnaissance satellite called TK-1 and got it successfully into orbit.%D%A%D%A
Published 04 Mar, 2017 10:36am
Q4CY16: Advances to private sector reach Rs410bn
Pakistan Top News

Q4CY16: Advances to private sector reach Rs410bn

RECORDER REPORT%D%AKARACHI: With low interest rate and better economic conditions, advances to private sector posted a historical growth, reaching Rs 410 billion in the last quarter of CY16, said the State Bank of Pakistan in its Quarterly Performance Rev
Published 04 Mar, 2017 09:46am
The National Gallery by Jutiar Salman
Featured Photos

The National Gallery by Jutiar Salman

Photo Credit: Jutiar Salman%D%AJutiar Salman, London based portrait and landscape photographer interested in new photography projects and networking.
Published 04 Mar, 2017 09:44am
Nadal roars into ATP Acapulco showdown with Querrey
Sports

Nadal roars into ATP Acapulco showdown with Querrey

ACAPULCO: Two-time champion Rafael Nadal raced past third-seeded Marin Cilic 6-1, 6-2 to reach the ATP Mexico Open final, where his perfect Acapulco record will be put to the test by Sam Querrey.
Published 04 Mar, 2017 09:42am
Lyon gets Kohli as India 168-5 at tea
Cricket

Lyon gets Kohli as India 168-5 at tea

BANGALORE: Australian off-spinner Nathan Lyon claimed three wickets, including Virat Kohli's prized scalp, to leave India reeling on the opening day of the second Test in Bangalore on Saturday.
Published 04 Mar, 2017 09:40am
Fruit's Paradise - Honey & Pears by Julia Cosmo
Featured Photos

Fruit's Paradise - Honey & Pears by Julia Cosmo

Photo Credit: Julia Cosmo%D%AJulia Cosmo is a talented former designer, photographer, retoucher, painter and educator based in Moscow, Russia.
Published 04 Mar, 2017 08:53am
Engrave by Esteban Watier
Featured Photos

Engrave by Esteban Watier

Photo Credit: Esteban Watier%Dsteban Watier, an amazing self-taught photographer hails from Paris, France; where he also works.
Published 04 Mar, 2017 07:56am
US secretary of state to visit Japan, South Korea and China
World Top News

US secretary of state to visit Japan, South Korea and China

TOKYO: US Secretary of State Rex Tillerson is due to visit Japan, South Korea and China this month to discuss North Korea on his first trip to the region since he took up his post, Japanese media reported on Saturday.
Published 04 Mar, 2017 07:48am
'Unprecedented' security for PSL Lahore final
Cricket

'Unprecedented' security for PSL Lahore final

LAHORE: Pakistan will deploy troops and bullet-proof buses for Sunday's Pakistan Super League final, its biggest cricket match in years, after a wave of militant attacks prompted a host of foreign stars to pull out.
Published 04 Mar, 2017 07:30am
'Sorry' Afridi confirms would not play PSL final
Pakistan Top News

'Sorry' Afridi confirms would not play PSL final

Peshawar Zalmi star all rounder Shahid Afridi confirmed that he would not participate in the Pakistan Super League (PSL) finals at Lahore, after his side managed to book their place against Quetta Gladiators.
Published 04 Mar, 2017 06:50am
India 72-2 at lunch in 2nd Australia Test
Cricket

India 72-2 at lunch in 2nd Australia Test

BANGALORE: Opener Lokesh Rahul was unbeaten on 48 as India reached 72 for two at lunch on the opening day of the second Test against a probing Australia bowling attack in Bangalore on Saturday.
Published 04 Mar, 2017 06:37am
China defence spending to rise 'around 7pc': official
Front Top News

China defence spending to rise 'around 7pc': official

BEIJING: China will raise defence spending "around seven percent" this year as it guards against "outside meddling" in its disputed regional territorial claims, a top official said Saturday, in an apparent reference to Washington.
Published 04 Mar, 2017 06:34am
Indian soyaoil futures rise

Indian soyaoil futures rise

Indian soyaoil futures rose on Tuesday, tracking gains in the soyaoil contract on the Chicago Board of Trade (CBOT) and Malaysian Palm. March soyaoil futures were up 1.3 percent at 663 rupees ($9.95) per 10 kg on the National Commodity & Derivatives Excha
Published 04 Mar, 2017 12:00am
KARACHI CHRONICLE: Need for greater understanding

KARACHI CHRONICLE: Need for greater understanding

Terrorists have no sense of remorse or guilt for killing the devotees at the shrines of Sufi saints. Men, women and little children (34 kids died in the Sehwan bloodbath) who sing and dance and bow before tombs deserve to die for indulging in "unIslamic"
Published 04 Mar, 2017 12:00am
Good times over for expatriates in Saudi Arabia

Good times over for expatriates in Saudi Arabia

Seventeen years after first setting foot in Saudi Arabia, Dominic Steck shipped his two cats and returned to Germany with his wife and school-age children, who hardly know their homeland. As Saudi Arabia steps up efforts to employ more of its own people,
Published 04 Mar, 2017 12:00am
Deep sea mining gets a second look

Deep sea mining gets a second look

The risk of running out of rare earth metals that are essential to modern technology has led to a surge in interest in mining the deep seas. But fears have also mounted about the environmental impact of disturbing vast areas of the pristine ocean floor, e
Published 04 Mar, 2017 12:00am
ART FACTS: Pulsating with life's philosophy

ART FACTS: Pulsating with life's philosophy

Almost three years ago Sanat Gallery, Karachi was launched with artist's residency, in a bid to set the ground for other such initiatives that help towards the development of artists in Pakistan. The gallery was much interested in showcasing the works of
Published 04 Mar, 2017 12:00am
Artisans break the mould in Britain's pottery capital

Artisans break the mould in Britain's pottery capital

At the 18th-century Spode pottery works in Stoke-on-Trent, start-up artisans like 22-year-old Emma Price are moving into abandoned buildings and breathing new life into a once-mighty industry. The 10-acre (four-hectare) site in the heart of the Staffordsh
Published 04 Mar, 2017 12:00am
Stargazers applaud as moon eclipses sun

Stargazers applaud as moon eclipses sun

Stargazers applauded as they were plunged into darkness Sunday when the moon passed in front of the sun in a spectacular "ring of fire" eclipse. Astronomers and enthusiasts in Argentina were among the first to see the so-called annular eclipse as it cross
Published 04 Mar, 2017 12:00am
Few people know about overlapping surgery

Few people know about overlapping surgery

Most people aren't aware that surgeons are sometimes involved in multiple operations happening at the same time, and many patients might object to the practice if they knew about it, a recent US study suggests.
Published 04 Mar, 2017 12:00am
Be bold for change

Be bold for change

International Women's Day 2017 will be celebrated all over the world on 8th March, with great zeal and passion to amplify the awareness about women's rights. The purpose of the day is to pay respect and admiration to women who prove their abilities, with
Published 04 Mar, 2017 12:00am
Not all bug repellents are equal

Not all bug repellents are equal

Pay attention to the ingredients of bug sprays and other repellents, because they're not equally effective at warding off mosquitoes that carry diseases like Zika virus, researchers say. Products with DEET or oil of lemon eucalyptus, which contains an ing
Published 04 Mar, 2017 12:00am
Oscars mix-up blamed on accountant eclipses 'Moonlight' win

Oscars mix-up blamed on accountant eclipses 'Moonlight' win

An Oscars howler that saw best picture go to the wrong movie was blamed Monday on an accountant losing track of his envelopes - and undermining a historic triumph for black cinema. More than 30 million viewers witnessed presenters Warren Beatty and Faye D
Published 04 Mar, 2017 12:00am
Chazelle makes history with best director Oscar for 'La La Land'

Chazelle makes history with best director Oscar for 'La La Land'

Damien Chazelle on Sunday became the youngest ever filmmaker to win the Oscar for best director for his whimsical musical "La La Land," which took home a total of six awards. Chazelle's latest movie, an opulent tribute to the musicals of Old Hollywood, ha
Published 04 Mar, 2017 12:00am
Emma Stone wins best actress Oscar for 'La La Land'

Emma Stone wins best actress Oscar for 'La La Land'

Emma Stone completed a clean sweep of Hollywood's major acting prizes on Sunday with an Oscar for her performance as an aspiring actress in the romantic musical "La La Land."
Published 04 Mar, 2017 12:00am
BRIDGE NOTES: The expert is a confirmed pessimist

BRIDGE NOTES: The expert is a confirmed pessimist

In Bridge the play that gives the declarer the highest odds of success should be given the top priority. Of course, the opponents' bidding can alter the odds depending on the bids made and by which particular defender. Let us learn by example. North South
Published 04 Mar, 2017 12:00am
Meryl Streep accuses Karl Lagerfeld of spoiling her Oscars

Meryl Streep accuses Karl Lagerfeld of spoiling her Oscars

Meryl Streep last Saturday accused designer Karl Lagerfeld of spoiling her night at the Academy Awards ceremony by falsely accusing her of being paid to wear a gown on the Oscars red carpet. Streep was responding to a claim earlier this week by Lagerfeld
Published 04 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 04 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 04 Mar, 2017 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 04 Mar, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 04 Mar, 2017 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (March 03, 2017).

Published 04 Mar, 2017 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (March 03, 2017).

Published 04 Mar, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 03, 2017).
Published 04 Mar, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 03, 2017).

Published 04 Mar, 2017 12:00am
Peshawar in final as foreign stars face Lahore dilemma

Peshawar in final as foreign stars face Lahore dilemma

Kamran Akmal fired Peshawar Zalmi into the Pakistan Super League final Friday but left his foreign team-mates facing a dilemma over whether or not to travel to violence-hit Lahore for Sunday's title match. England trio Chris Jordan, Samit Patel and Dawid
Published 04 Mar, 2017 12:00am
Peshawar in final as foreign stars face Lahore dilemma

Peshawar in final as foreign stars face Lahore dilemma

Kamran Akmal fired Peshawar Zalmi into the Pakistan Super League final Friday but left his foreign team-mates facing a dilemma over whether or not to travel to violence-hit Lahore for Sunday's title match. England trio Chris Jordan, Samit Patel and Dawid
Published 04 Mar, 2017 12:00am
Radd-ul-Fasaad to continue till achievement of set targets: PM

Radd-ul-Fasaad to continue till achievement of set targets: PM

Prime Minister Muhammad Nawaz Sharif chaired a high-level security meeting here at PM House this morning. Participants of the meeting reviewed the gains of 'Operation Radd-ul-Fasaad'; unanimously resolving that action would continue till it achieves the s
Published 04 Mar, 2017 12:00am
Radd-ul-Fasaad to continue till achievement of set targets: PM

Radd-ul-Fasaad to continue till achievement of set targets: PM

Prime Minister Muhammad Nawaz Sharif chaired a high-level security meeting here at PM House this morning. Participants of the meeting reviewed the gains of 'Operation Radd-ul-Fasaad'; unanimously resolving that action would continue till it achieves the s
Published 04 Mar, 2017 12:00am
Fata Reforms Committee: recommendations challenged by 5 Maliks

Fata Reforms Committee: recommendations challenged by 5 Maliks

Challenging the legality of recommendations of Fata Reforms Committee in the Supreme Court on Friday, the petitioners turned down the impression that most of the tribal people are in support of merger of Federally Administered Tribal Areas with Khyber Pak
Published 04 Mar, 2017 12:00am
Fata Reforms Committee: recommendations challenged by 5 Maliks

Fata Reforms Committee: recommendations challenged by 5 Maliks

Challenging the legality of recommendations of Fata Reforms Committee in the Supreme Court on Friday, the petitioners turned down the impression that most of the tribal people are in support of merger of Federally Administered Tribal Areas with Khyber Pak
Published 04 Mar, 2017 12:00am
Prime Minister inaugurates Kurram Tangi Dam project

Prime Minister inaugurates Kurram Tangi Dam project

Prime Minister Nawaz Sharif presided over a groundbreaking ceremony on Friday to mark the beginning of construction of the US-funded Kaitu Weir component of the Kurram Tangi Dam project. The American Government provided $81 million through USAID to the Wa
Published 04 Mar, 2017 12:00am
Prime Minister inaugurates Kurram Tangi Dam project

Prime Minister inaugurates Kurram Tangi Dam project

Prime Minister Nawaz Sharif presided over a groundbreaking ceremony on Friday to mark the beginning of construction of the US-funded Kaitu Weir component of the Kurram Tangi Dam project. The American Government provided $81 million through USAID to the Wa
Published 04 Mar, 2017 12:00am
Prime Minister inaugurates Kurram Tangi Dam project

Prime Minister inaugurates Kurram Tangi Dam project

Prime Minister Nawaz Sharif presided over a groundbreaking ceremony on Friday to mark the beginning of construction of the US-funded Kaitu Weir component of the Kurram Tangi Dam project. The American Government provided $81 million through USAID to the Wa
Published 04 Mar, 2017 12:00am
Fata will also get due share in NFC Award: PM

Fata will also get due share in NFC Award: PM

Prime Minister Nawaz Sharif Friday said it was high time for all to shun political rivalries and focus energies on eliminating poverty and illiteracy from the country. "It is need of the hour to refrain from negative politics and get united in the interes
Published 04 Mar, 2017 12:00am
Fata will also get due share in NFC Award: PM

Fata will also get due share in NFC Award: PM

Prime Minister Nawaz Sharif Friday said it was high time for all to shun political rivalries and focus energies on eliminating poverty and illiteracy from the country. "It is need of the hour to refrain from negative politics and get united in the interes
Published 04 Mar, 2017 12:00am
Fata will also get due share in NFC Award: PM

Fata will also get due share in NFC Award: PM

Prime Minister Nawaz Sharif Friday said it was high time for all to shun political rivalries and focus energies on eliminating poverty and illiteracy from the country. "It is need of the hour to refrain from negative politics and get united in the interes
Published 04 Mar, 2017 12:00am
TAPI gasline project enters implementation phase

TAPI gasline project enters implementation phase

The multibillion dollars Turkmenistan-Afghanistan-Pakistan and India (TAPI) gas pipeline project entered into its implementation phase on Friday. The pipeline would pass through Afghanistan to provide gas to three energy-starved countries -Afghanistan, Pa
Published 04 Mar, 2017 12:00am
TAPI gasline project enters implementation phase

TAPI gasline project enters implementation phase

The multibillion dollars Turkmenistan-Afghanistan-Pakistan and India (TAPI) gas pipeline project entered into its implementation phase on Friday. The pipeline would pass through Afghanistan to provide gas to three energy-starved countries -Afghanistan, Pa
Published 04 Mar, 2017 12:00am
TAPI gasline project enters implementation phase

TAPI gasline project enters implementation phase

The multibillion dollars Turkmenistan-Afghanistan-Pakistan and India (TAPI) gas pipeline project entered into its implementation phase on Friday. The pipeline would pass through Afghanistan to provide gas to three energy-starved countries -Afghanistan, Pa
Published 04 Mar, 2017 12:00am
Nepra to refund Rs 3.3086 per unit for January

Nepra to refund Rs 3.3086 per unit for January

National Electric Power Regulatory Authority (Nepra) has notified refund of Rs 3.3086 per unit for consumers of power Distribution Companies (Discos) for January 2017 under monthly fuel adjustment mechanism instead of Rs 3.23 per unit announced at a publi
Published 04 Mar, 2017 12:00am
Nepra to refund Rs 3.3086 per unit for January

Nepra to refund Rs 3.3086 per unit for January

National Electric Power Regulatory Authority (Nepra) has notified refund of Rs 3.3086 per unit for consumers of power Distribution Companies (Discos) for January 2017 under monthly fuel adjustment mechanism instead of Rs 3.23 per unit announced at a publi
Published 04 Mar, 2017 12:00am
Nepra to refund Rs 3.3086 per unit for January

Nepra to refund Rs 3.3086 per unit for January

National Electric Power Regulatory Authority (Nepra) has notified refund of Rs 3.3086 per unit for consumers of power Distribution Companies (Discos) for January 2017 under monthly fuel adjustment mechanism instead of Rs 3.23 per unit announced at a publi
Published 04 Mar, 2017 12:00am
China counts over 100 billionaires among top Communist legislators

China counts over 100 billionaires among top Communist legislators

China counts more than 100 billionaires among its top legislators, with 209 of the richest holding wealth nearly equivalent to Belgium's annual GDP, according to a report released as the Communist Party's annual parliamentary session started Friday. A key
Published 04 Mar, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Mar, 2017 12:00am
China counts over 100 billionaires among top Communist legislators

China counts over 100 billionaires among top Communist legislators

China counts more than 100 billionaires among its top legislators, with 209 of the richest holding wealth nearly equivalent to Belgium's annual GDP, according to a report released as the Communist Party's annual parliamentary session started Friday. A key
Published 04 Mar, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Mar, 2017 12:00am
China counts over 100 billionaires among top Communist legislators

China counts over 100 billionaires among top Communist legislators

China counts more than 100 billionaires among its top legislators, with 209 of the richest holding wealth nearly equivalent to Belgium''s annual GDP, according to a report released as the Communist Party''s annual parliamentary session started Friday. A k
Published 04 Mar, 2017 12:00am
Index loses 72.27 points

Index loses 72.27 points

Pakistan Stock Exchange (PSX) witnessed a volatile session on the last trading day of the week Friday. The benchmark KSE-100 index kept oscillating between 49,891.88 points intra-day high and 49,563.12 points intra-day low before settling at 49,623.81 poi
Published 04 Mar, 2017 12:00am
Index loses 72.27 points

Index loses 72.27 points

Pakistan Stock Exchange (PSX) witnessed a volatile session on the last trading day of the week Friday. The benchmark KSE-100 index kept oscillating between 49,891.88 points intra-day high and 49,563.12 points intra-day low before settling at 49,623.81 poi
Published 04 Mar, 2017 12:00am
Index loses 72.27 points

Index loses 72.27 points

Pakistan Stock Exchange (PSX) witnessed a volatile session on the last trading day of the week Friday. The benchmark KSE-100 index kept oscillating between 49,891.88 points intra-day high and 49,563.12 points intra-day low before settling at 49,623.81 poi
Published 04 Mar, 2017 12:00am
BRIndex30 up 103.91 points

BRIndex30 up 103.91 points

On Friday, BRIndex30 opened at 28,602.55 points. It touched an intraday high of 29,071.99 points and an intraday low of 28,539.76 points and closed at 28,706.46 points which was 103.91 points or 0.36 percent higher than previous close. Total volume was 27
Published 04 Mar, 2017 12:00am
BRIndex30 up 103.91 points

BRIndex30 up 103.91 points

On Friday, BRIndex30 opened at 28,602.55 points. It touched an intraday high of 29,071.99 points and an intraday low of 28,539.76 points and closed at 28,706.46 points which was 103.91 points or 0.36 percent higher than previous close. Total volume was 27
Published 04 Mar, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (March 03, 2017).

Published 04 Mar, 2017 12:00am
Q4CY16: advances to private sector reach Rs 410 billion

Q4CY16: advances to private sector reach Rs 410 billion

With low interest rate and better economic conditions, advances to private sector posted a historical growth, reaching Rs 410 billion in the last quarter of CY16, said the State Bank of Pakistan in its Quarterly Performance Review (QPR) of the Banking Sec
Published 04 Mar, 2017 12:00am
Q4CY16: advances to private sector reach Rs 410 billion

Q4CY16: advances to private sector reach Rs 410 billion

With low interest rate and better economic conditions, advances to private sector posted a historical growth, reaching Rs 410 billion in the last quarter of CY16, said the State Bank of Pakistan in its Quarterly Performance Review (QPR) of the Banking Sec
Published 04 Mar, 2017 12:00am
Q4CY16: advances to private sector reach Rs 410 billion

Q4CY16: advances to private sector reach Rs 410 billion

With low interest rate and better economic conditions, advances to private sector posted a historical growth, reaching Rs 410 billion in the last quarter of CY16, said the State Bank of Pakistan in its Quarterly Performance Review (QPR) of the Banking Sec
Published 04 Mar, 2017 12:00am
Banks' profitability may remain under pressure: SBP

Banks' profitability may remain under pressure: SBP

The State Bank of Pakistan (SBP) is expecting that the profitability of the banking sector may remain under pressure during this quarter due to lower interest rate, receding investments in government securities and maturity of high yielding long term bond
Published 04 Mar, 2017 12:00am
Banks' profitability may remain under pressure: SBP

Banks' profitability may remain under pressure: SBP

The State Bank of Pakistan (SBP) is expecting that the profitability of the banking sector may remain under pressure during this quarter due to lower interest rate, receding investments in government securities and maturity of high yielding long term bond
Published 04 Mar, 2017 12:00am
THE RUPEE: minor changes
Currency

THE RUPEE: minor changes

The rupee moved with little movements against the dollar on the money market on Friday in the process of trading, dealers said. The rupee inched down by one paisa in terms of the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, they
Published 04 Mar, 2017 12:00am
Banks'' profitability may remain under pressure: SBP

Banks'' profitability may remain under pressure: SBP

The State Bank of Pakistan (SBP) is expecting that the profitability of the banking sector may remain under pressure during this quarter due to lower interest rate, receding investments in government securities and maturity of high yielding long term bond
Published 04 Mar, 2017 12:00am
THE RUPEE: minor changes
Currency

THE RUPEE: minor changes

The rupee moved with little movements against the dollar on the money market on Friday in the process of trading, dealers said. The rupee inched down by one paisa in terms of the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, they
Published 04 Mar, 2017 12:00am
Government mulling offering incentives to overseas Pakistanis

Government mulling offering incentives to overseas Pakistanis

Piqued by current decline in remittances, the government has reportedly discussed the option of providing some incentives to overseas Pakistanis to increase the workers' remittances, a support to the balance of payment position (BoP). Sources said a meeti
Published 04 Mar, 2017 12:00am
Government mulling offering incentives to overseas Pakistanis

Government mulling offering incentives to overseas Pakistanis

Piqued by current decline in remittances, the government has reportedly discussed the option of providing some incentives to overseas Pakistanis to increase the workers' remittances, a support to the balance of payment position (BoP). Sources said a meeti
Published 04 Mar, 2017 12:00am
Government mulling offering incentives to overseas Pakistanis

Government mulling offering incentives to overseas Pakistanis

Piqued by current decline in remittances, the government has reportedly discussed the option of providing some incentives to overseas Pakistanis to increase the workers'' remittances, a support to the balance of payment position (BoP). Sources said a meet
Published 04 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 03, 2017).

Published 04 Mar, 2017 12:00am
PSX receives payment against 40 percent stake from Chinese

PSX receives payment against 40 percent stake from Chinese

Pakistan Stock Exchange (PSX) Friday received payment of 40 percent shares from Chinese consortium, it is reliably learnt. The Chinese consortium had acquired 40 percent stake of PSX at the rate of Rs 28 per share. The total amount of this transaction is
Published 04 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 03, 2017).

Published 04 Mar, 2017 12:00am
PSX receives payment against 40 percent stake from Chinese

PSX receives payment against 40 percent stake from Chinese

Pakistan Stock Exchange (PSX) Friday received payment of 40 percent shares from Chinese consortium, it is reliably learnt. The Chinese consortium had acquired 40 percent stake of PSX at the rate of Rs 28 per share. The total amount of this transaction is
Published 04 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 Friday (March 03, 2017).

Published 04 Mar, 2017 12:00am
PSX receives payment against 40 percent stake from Chinese

PSX receives payment against 40 percent stake from Chinese

Pakistan Stock Exchange (PSX) Friday received payment of 40 percent shares from Chinese consortium, it is reliably learnt. The Chinese consortium had acquired 40 percent stake of PSX at the rate of Rs 28 per share. The total amount of this transaction is
Published 04 Mar, 2017 12:00am
No proposal under study to extradite Yadav, Senate told

No proposal under study to extradite Yadav, Senate told

The government on Friday informed the Senate that no proposal is under consideration to extradite Kulbhushan Yadav - a serving Indian navy officer held in Balochistan for spying - as an FIR is being prepared for registering a case to prosecute him. In res
Published 04 Mar, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (March 03, 2017)

Published 04 Mar, 2017 12:00am
No proposal under study to extradite Yadav, Senate told

No proposal under study to extradite Yadav, Senate told

The government on Friday informed the Senate that no proposal is under consideration to extradite Kulbhushan Yadav - a serving Indian navy officer held in Balochistan for spying - as an FIR is being prepared for registering a case to prosecute him. In res
Published 04 Mar, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (March 03, 2017).

Published 04 Mar, 2017 12:00am
10.07 million bales of cotton reach ginneries
Cotton

10.07 million bales of cotton reach ginneries

Pakistan Cotton Ginners Association (PCGA) has issued the figures of cotton arrival up to February 28, 2017. Seed cotton (Phutti) equivalent to over 10,707,181 bales of cotton have reached ginneries across Pakistan as of February 28,2017, showing an incre
Published 04 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 04 Mar, 2017 12:00am
PSO launches campaign for newly introduced 'Action + Diesel'

PSO launches campaign for newly introduced 'Action + Diesel'

The country's flagship oil marketing company, Pakistan State Oil (PSO) on Friday launched a print and radio marketing campaign for its newly introduced diesel product "Action +" which marked the beginning of environment and vehicle-friendly diesel product
Published 04 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 04 Mar, 2017 12:00am
Justice Sheikh to be new SHC CJ

Justice Sheikh to be new SHC CJ

Parliamentary Committee on Judges Appointment on Friday confirmed nominations of Justice Sajjad Ali Shah, Chief Justice Sindh High Court, as judge of the Supreme Court of Pakistan. The meeting of the committee was held here in the Parliament House under t
Published 04 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 03, 2017).

Published 04 Mar, 2017 12:00am
Justice Sheikh to be new SHC CJ

Justice Sheikh to be new SHC CJ

Parliamentary Committee on Judges Appointment on Friday confirmed nominations of Justice Sajjad Ali Shah, Chief Justice Sindh High Court, as judge of the Supreme Court of Pakistan. The meeting of the committee was held here in the Parliament House under t
Published 04 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 03, 2017).

Published 04 Mar, 2017 12:00am
Fears of Chinese backlash over missile defence hit South Korean firms

Fears of Chinese backlash over missile defence hit South Korean firms

South Korean companies on Friday bore the brunt of a perceived backlash from China over the deployment of a US missile system outside Seoul, with shares tumbling on media reports of Beijing telling tour operators to stop selling trips to the country. Seve
Published 04 Mar, 2017 12:00am
The Weather

The Weather

The weather report on Friday (March 03, 2017) and the forecast for Saturday (March 04, 2017).

Published 04 Mar, 2017 12:00am
Dar appreciates Alibaba Group's interest

Dar appreciates Alibaba Group's interest

Finance Minister, Senator Mohammad Ishaq Dar has said that Pakistan will extend warm welcome to Alibaba Group, the leading commerce for investment in the country. Ishaq Dar stated this while receiving a delegation of the Alibaba Group here on Friday. The
Published 04 Mar, 2017 12:00am
Dar appreciates Alibaba Group's interest

Dar appreciates Alibaba Group's interest

Finance Minister, Senator Mohammad Ishaq Dar has said that Pakistan will extend warm welcome to Alibaba Group, the leading commerce for investment in the country. Ishaq Dar stated this while receiving a delegation of the Alibaba Group here on Friday. The
Published 04 Mar, 2017 12:00am
Dar appreciates Alibaba Group''s interest

Dar appreciates Alibaba Group''s interest

Finance Minister, Senator Mohammad Ishaq Dar has said that Pakistan will extend warm welcome to Alibaba Group, the leading commerce for investment in the country. Ishaq Dar stated this while receiving a delegation of the Alibaba Group here on Friday. The
Published 04 Mar, 2017 12:00am
Olive promotion projects: accused declared proclaimed offenders

Olive promotion projects: accused declared proclaimed offenders

Federal Investigation Agency (FIA) has declared two accused of olive promotion project, Nasir Mehmood Cheema and Sakit Mehmood Mirza, as proclaimed offenders and advised Chairman NARC to stop their salaries. Deputy Director FIA Special Investigation Unit
Published 04 Mar, 2017 12:00am
Olive promotion projects: accused declared proclaimed offenders

Olive promotion projects: accused declared proclaimed offenders

Federal Investigation Agency (FIA) has declared two accused of olive promotion project, Nasir Mehmood Cheema and Sakit Mehmood Mirza, as proclaimed offenders and advised Chairman NARC to stop their salaries. Deputy Director FIA Special Investigation Unit
Published 04 Mar, 2017 12:00am
Olive promotion projects: accused declared proclaimed offenders

Olive promotion projects: accused declared proclaimed offenders

Federal Investigation Agency (FIA) has declared two accused of olive promotion project, Nasir Mehmood Cheema and Sakit Mehmood Mirza, as proclaimed offenders and advised Chairman NARC to stop their salaries. Deputy Director FIA Special Investigation Unit
Published 04 Mar, 2017 12:00am
FBI arrests man in bomb threats

FBI arrests man in bomb threats

The Federal Bureau of Investigation arrested a man in St Louis, Missouri on Friday suspected of making bomb threats to Jewish community centers and schools around the United States.
Published 04 Mar, 2017 12:00am
FBI arrests man in bomb threats

FBI arrests man in bomb threats

The Federal Bureau of Investigation arrested a man in St Louis, Missouri on Friday suspected of making bomb threats to Jewish community centers and schools around the United States.
Published 04 Mar, 2017 12:00am
Ambassadors in India, Afghanistan may be changed

Ambassadors in India, Afghanistan may be changed

The government has decided to appoint and transfer certain ambassadors in different world capitals including India, Afghanistan, Turkey and Japan, it was learnt. According to sources, Asad Majeed Khan who is currently serving as Additional Secretary Ameri
Published 04 Mar, 2017 12:00am
Ambassadors in India, Afghanistan may be changed

Ambassadors in India, Afghanistan may be changed

The government has decided to appoint and transfer certain ambassadors in different world capitals including India, Afghanistan, Turkey and Japan, it was learnt. According to sources, Asad Majeed Khan who is currently serving as Additional Secretary Ameri
Published 04 Mar, 2017 12:00am
CPEC discontents

CPEC discontents

Sardar Akhtar Jan Mengal, president of the Balochistan National Party-Mengal (BNP-M), while addressing a meeting in Quetta on February 28, dwelt once again on his province's discontents with the China Pakistan Economic Corridor (CPEC). Mengal accused Isla
Published 04 Mar, 2017 12:00am
Chambers' view on tax proposals

Chambers' view on tax proposals

The business community seems to have taken a totally different approach the question of tax proposals to the Federal Board of Revenue (FBR) for the FY18. At a convention organised by the Karachi Chamber of Commerce and Industry to seek resolution of their
Published 04 Mar, 2017 12:00am
Power sector still constitutes big challenge

Power sector still constitutes big challenge

The incumbent government, on taking over the reigns of power in May 2013, made commitments to fix the ailing power sector bleeding the economy and causing misery to people enduring hours of load shedding. Fixing the power sector was made top priority by t
Published 04 Mar, 2017 12:00am
Revisional jurisdiction under the Customs Act

Revisional jurisdiction under the Customs Act

The powers of revision of a matter by a competent authority are meant for a re-examination or a careful review for correcting the error or mistake for improvement. In the Customs Act, 1969 [hereinafter referred to as Act] the powers are contained in secti
Published 04 Mar, 2017 12:00am
For migrants, Canada is haven, not Trump's America

For migrants, Canada is haven, not Trump's America

A taxi stops in the small town of Champlain. Loaded down with belongings, a family with two children gets out and hurries to the road's end at a stream marking the US-Canada border. "We are coming all the way from Jersey City," says the father, Mohammed A
Published 04 Mar, 2017 12:00am
Unfair system

Unfair system

This is apropos a Business Recorder op-ed "All stand fully exposed" carried by the newspaper yesterday. The writers, Huzaima Bukhari and Dr Ikramul Haq, have argued that "The only losers are the poor and helpless of this Land of Pure, who are burde
Published 04 Mar, 2017 12:00am
US MIDDAY: gold falls, heads for weekly drop

US MIDDAY: gold falls, heads for weekly drop

Gold fell 1 percent on Friday and was on track for its biggest weekly loss in 2017 as speculation grew that the US Federal Reserve would press ahead with a rate increase this month. Fed Chair Janet Yellen said on Friday that the central bank is set to rai
Published 04 Mar, 2017 12:00am
US MIDDAY: soyabeans and corn ease

US MIDDAY: soyabeans and corn ease

US corn and soyabean futures eased on Friday on profit-taking as the ongoing harvest of big crops in South America continued to weigh on the market. Wheat futures also were lower, with concerns about additional supplies flooding the export market pressuri
Published 04 Mar, 2017 12:00am
Oil rebounds from recent weakness, still rangebound

Oil rebounds from recent weakness, still rangebound

Oil prices surged on Friday, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures showed weak compliance with a global deal to cut output. Global benchmark Brent settled up 82 cents, or 1.5 percent, to $55.
Published 04 Mar, 2017 12:00am
India needs 1.5 million tonnes of sugar imports in 2017

India needs 1.5 million tonnes of sugar imports in 2017

India, the world's biggest consumer of sugar, will likely need to import around 1.5 million tonnes of the sweetener this 2016/2017 season, the chairman of one of the country's sugar trade associations told Reuters on Monday. "The timing of the imports wil
Published 04 Mar, 2017 12:00am
Gold falls in Europe

Gold falls in Europe

Gold fell half a percent on Friday and was on track for its biggest weekly loss in nearly four months as speculation grew that the US Federal Reserve would press ahead with a rate increase this month. The probability of a Fed move in March rose to nearly
Published 04 Mar, 2017 12:00am
Gold down in Asia

Gold down in Asia

Gold fell on Friday and was on track for its first weekly decline in five, its worst since November, on growing expectations of a US rate hike as early as this month. Spot gold dropped 0.3 percent to $1,231.31 per ounce at 0730 GMT, after hitting a low of
Published 04 Mar, 2017 12:00am
Gold plunges in New York

Gold plunges in New York

Gold prices were on track for their weakest session since December on Thursday, buoyed by a firm dollar and rising US rate hike expectations in March following buoyant US economic data and hawkish comments from Federal Reserve governors. Spot gold was dow
Published 04 Mar, 2017 12:00am
Robusta coffee slips on Vietnam selling, cocoa extends rebound

Robusta coffee slips on Vietnam selling, cocoa extends rebound

Robusta coffee futures on ICE fell on Friday, pressured by physical selling in top producer Vietnam, while cocoa rebounded further above multiyear lows on chart-based buying and sugar prices eased. May robusta settled down $21, or 0.95 percent, at $2,194
Published 04 Mar, 2017 12:00am
Palm oil charts fourth consecutive day of gains

Palm oil charts fourth consecutive day of gains

Malaysian palm oil futures rose slightly late on Friday, charting a fourth consecutive session of gains on forecasts that February inventory levels could remain flat. Flat or declining inventory levels usually lend support to palm oil prices. End-stocks i
Published 04 Mar, 2017 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures fell on Friday after two days of gains as worries about a supply shortage eased amid relatively high stockpiles in China, dealers said. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in S
Published 04 Mar, 2017 12:00am
Thailand to stop sugar subsidy

Thailand to stop sugar subsidy

Thailand will stop subsidising sugar production and drop domestic control of consumer prices for sugar by the end of the year, a Ministry of Agriculture official said on Tuesday. Brazil challenged Thailand at the World Trade Organisation (WTO) in March la
Published 04 Mar, 2017 12:00am
Kirkuk oil flows in jeopardy again

Kirkuk oil flows in jeopardy again

Iraq's Kurdistan is facing growing tensions between its government and the key opposition faction, which briefly disrupted oil flows from the semi-autonomous region this week and has threatened to take more action in coming days. At the centre of the disp
Published 04 Mar, 2017 12:00am
Copper ends week lower on US rate prospects

Copper ends week lower on US rate prospects

Copper prices ended slightly lower on Friday, finishing the week a little softer as the dollar largely retained recent gains on expectations that the US Federal Reserve would raise interest rates this month. Though the dollar eased on Friday, the previous
Published 04 Mar, 2017 12:00am
Shanghai copper down

Shanghai copper down

Shanghai Futures Exchange copper pared losses to close down 0.9 percent at 48,280 yuan ($6,999) a tonne on Friday as a stronger dollar overwhelmed ongoing supply disruptions and evidence of improving demand. Other SHFE metals also cut losses. Shanghai zin
Published 04 Mar, 2017 12:00am
Tunisia and Germany strike new immigration deal

Tunisia and Germany strike new immigration deal

German Chancellor Angela Merkel announced a new agreement with Tunisia on tackling illegal migration during a visit Friday, following tensions over the case of the Tunisian suspect in the Berlin market attack. Merkel, on a two-day trip to North Africa tha
Published 04 Mar, 2017 12:00am
China bus collision kills 10, injures 38

China bus collision kills 10, injures 38

Ten people were killed and another 38 injured when a passenger bus collided with a cement truck in south-western China, state media reported on Friday. The collision late Thursday in Yunnan province, near the border with Myanmar, tossed the bus on its sid
Published 04 Mar, 2017 12:00am
Trump defiant as new Russia ties emerge

Trump defiant as new Russia ties emerge

An avalanche of new revelations about ties between Donald Trump's aides and Russia forced the White House back on the offensive Friday, overshadowing a presidential weekend trip to Florida and his well-received major speech. Before heading to his Mar-a-La
Published 04 Mar, 2017 12:00am
Fillon suffers new blow as Juppe waits in wings

Fillon suffers new blow as Juppe waits in wings

Embattled French presidential candidate Francois Fillon suffered a new setback Friday as his spokesman quit, while veteran conservative Alain Juppe stood ready to replace him in the race. Spokesman Thierry Solere posted on Twitter that he was leaving Fill
Published 04 Mar, 2017 12:00am
BBC reporters attacked in China, forced to 'confess'

BBC reporters attacked in China, forced to 'confess'

A crew of BBC reporters in China was attacked by a mob and later forced to sign a police confession for attempting an "illegal interview", the British broadcaster said Friday. The journalists were trying to reach a woman in Xinhua county in southern Hunan
Published 04 Mar, 2017 12:00am
McDonald's serves 'McLizard' to Indian woman

McDonald's serves 'McLizard' to Indian woman

Would you like some fries with that lizard? A pregnant woman in Kolkata in eastern India has complained of finding a lizard in the french fries she bought at her local McDonald's restaurant. McDonald's said Friday it was investigating the incident. A pict
Published 04 Mar, 2017 12:00am
McDonald's serves 'McLizard' to Indian woman

McDonald's serves 'McLizard' to Indian woman

Would you like some fries with that lizard? A pregnant woman in Kolkata in eastern India has complained of finding a lizard in the french fries she bought at her local McDonald's restaurant. McDonald's said Friday it was investigating the incident. A pict
Published 04 Mar, 2017 12:00am
New assembly takes shape after snap Northern Irish elections

New assembly takes shape after snap Northern Irish elections

The new Northern Ireland Assembly was taking shape Friday after snap elections that energised voters but ultimately could fail to resolve the deadlock that triggered them. Tensions boiled over in January between the two parties in the power-sharing execut
Published 04 Mar, 2017 12:00am
Syria peace talks inch forward under diplomatic pressure

Syria peace talks inch forward under diplomatic pressure

UN-sponsored Syria peace talks limped towards a close on Friday after more than a week in Geneva with little sign of progress beyond possible agreement on an agenda for more substantial negotiations. That may seem a low bar by which to judge diplomatic ac
Published 04 Mar, 2017 12:00am
Turkey claims Berlin working against Erdogan powers referendum

Turkey claims Berlin working against Erdogan powers referendum

Ankara and Berlin were locked in acrimony Friday after the cancellation of rallies in Germany ahead of a referendum on whether to expand President Recep Tayyip Erdogan's powers. German Chancellor Angela Merkel rejected Ankara's accusations that her govern
Published 04 Mar, 2017 12:00am
CPEC projects will start contributing in revenue generation: Haroon

CPEC projects will start contributing in revenue generation: Haroon

Special Assistant to the Prime Minister on Revenue, Haroon Akhtar Khan has conveyed to the collectors of customs that the China-Pakistan Economic Corridor (CPEC) projects will start contributing in revenue generation of the Federal Board of Revenue (FBR).
Published 04 Mar, 2017 12:00am
APBF for reducing tax ratio to keep oil rates stable

APBF for reducing tax ratio to keep oil rates stable

The All Pakistan Business Forum (APBF) has criticised the government for increasing fuel prices as it will lead to increase in cost of production. APBF President Ibrahim Qureshi said that though the prices of oil in global market is going up yet the autho
Published 04 Mar, 2017 12:00am
CADD, CDA officials grilled over alleged corrupt practices

CADD, CDA officials grilled over alleged corrupt practices

The Ministry of Capital Administration and Development Division (CADD) and Capital Development Authority (CDA) were grilled on Friday by a parliamentary committee over their failure to take timely steps to stop corrupt practices and irregularities worth m
Published 04 Mar, 2017 12:00am
PSL final: PCB invites dignitaries, former cricketers

PSL final: PCB invites dignitaries, former cricketers

In a bid to attract more crowds at Ghaddafi Stadium where Pakistan Super League (PSL) final is going to be played on March 5, Pakistan Cricket Board (PCB) sent invitation cards to senior government ministers, officials and former cricketers on Friday. Cha
Published 04 Mar, 2017 12:00am
FIA director probing high profile cases removed

FIA director probing high profile cases removed

The government on Friday removed director Federal Investigation Agency (FIA) Islamabad, from his post who was heading some high profile corruption inquires against some top government officials. An official source said that Director FIA Islamabad Dr Mazha
Published 04 Mar, 2017 12:00am
IPMU to check corruption within FBR

IPMU to check corruption within FBR

Board-in-Council of the Federal Board of Revenue (FBR) Friday decided to operationalise Integrity & Performance Management Unit (IPMU) to check corruption within the tax machinery. When contacted, sources said that the FBR had created Integrity & Performa
Published 04 Mar, 2017 12:00am
SSGC installs under water pipeline in Indus for RLNG

SSGC installs under water pipeline in Indus for RLNG

Sui Southern Gas Company's (SSGC's) diligent team of engineers and technicians along with the contractor (M/s. China Petroleum Pipeline Bureau, China) on Friday completed a challenging task by successfully installing 2.1 km of 42 inches diameter gas pipel
Published 04 Mar, 2017 12:00am
'Local Eye' launched

'Local Eye' launched

The Punjab police in collaboration with the Strategic Reform Unit (SRU) of the Chief Minister's office on Friday launched a 'Local Eye' android-based mobile application with an aim to curb crimes in the provincial capital. "We have launched this applicati
Published 04 Mar, 2017 12:00am
Electrocardiogram facility inaugurated at UVAS

Electrocardiogram facility inaugurated at UVAS

The University of Veterinary and Animal Sciences Lahore Vice-Chancellor Professor Dr Talat Naseer Pasha inaugurated ECG electrocardiogram facility provided by UVAS Department of Physiology at Pet Centre city Campus (UVAS) Lahore. ECG service is provided f
Published 04 Mar, 2017 12:00am
SECP reports defaulting broker to global securities regulators

SECP reports defaulting broker to global securities regulators

The Securities and Exchange Commission of Pakistan (SECP) has reported MR Securities, the Lahore-based stockbroker involved in financial fraud, to international securities regulators through the International Organisation of Securities Commissions (IOSCO)
Published 04 Mar, 2017 12:00am
Shahbaz stresses unity

Shahbaz stresses unity

Punjab Chief Minister Shahbaz Sharif has said that Pakistan is for all of us and we should jointly work for the progress and prosperity of the country. He said the country is more in need of unity and harmony today than before. He expressed these views wh
Published 04 Mar, 2017 12:00am
Jatoi says government to support local auto manufacturing

Jatoi says government to support local auto manufacturing

The Federal Minister for Industries and Production, Ghulam Murtaza Khan Jatoi, said that the government will support local manufacturers to increase export and help them capture international markets. Inaugurating Pakistan Auto Show (PAPS), which was held
Published 04 Mar, 2017 12:00am
Elahi raises questions over Punjab government's responsibility

Elahi raises questions over Punjab government's responsibility

Pakistan Muslim League-Q (PML-Q) senior leader and former deputy prime minister Chaudhry Pervez Elahi has criticised the PML-N led Punjab government for calling army to hold PSL final match in Lahore. "If the Punjab government cannot arrange six-hour matc
Published 04 Mar, 2017 12:00am
Balochistan lawmakers demand raise in Hajj quota

Balochistan lawmakers demand raise in Hajj quota

The Provincial Assembly of Balochistan transacted most of Private Members agenda including adoption of a resolution demanding raise in Hajj quota for Balochistan, while lack of quorum led to early adjournment of sitting on Thursday, observed Free and Fair
Published 04 Mar, 2017 12:00am
Lucky Cement clinches MAP excellence award 2016

Lucky Cement clinches MAP excellence award 2016

Lucky Cement Limited has won the Management Association of Pakistan's Top "Amir S. Chinoy Corporate Excellence Award 2016" in the Industrial category amongst all corporate sector organisations in Pakistan. The company was competing for the award amongst 1
Published 04 Mar, 2017 12:00am
IHC rejects Hotel Grand Hyatt's plea

IHC rejects Hotel Grand Hyatt's plea

Islamabad High Court on Friday rejected the plea of Hotel Grand Hyatt seeking remedy against Capital Development Authority's cancellation of lease deed of 13.5 acres of land allotted to BNP, a company, for construction of the five-star hotel. The court al
Published 04 Mar, 2017 12:00am
Pesco officers directed to reduce line losses

Pesco officers directed to reduce line losses

The new Chief Executive Officer (CEO), Peshawar Electricity Supply Company (PESCO), Engineer Shabir Ahmad has given targets to all Superintending Engineers (SEs) for reduction in line losses, enhancement of recovery, 100 percent photo meter reading and ER
Published 04 Mar, 2017 12:00am
OPF housing scheme: NA body summons DCO, CDA chief

OPF housing scheme: NA body summons DCO, CDA chief

National Assembly Committee on Overseas Pakistanis and Human Resource Development summoned DCO Islamabad, revenue officers Islamabad, chairman CDA and FWO high-ups to resolve the issues of OPF Housing Scheme Zone-V Islamabad, for its timely completion. Th
Published 04 Mar, 2017 12:00am
Partly Facetious: Man who shall remain nameless
Cotton

Partly Facetious: Man who shall remain nameless

"The capital is not abuzz with Mian sahib's prime ministerial handling of the Economic Co-ordination Organisation summit where member countries dignitaries got to see a Saville Row clad Prime Minister..."
Published 04 Mar, 2017 12:00am
Chinese firm's chief calls on PM

Chinese firm's chief calls on PM

Xu Ziqiu, Chairman China Shipbuilding Company called on the Prime Minister Nawaz Sharif at PM House Islamabad, here on Friday. The Prime Minister stated that government has seriously focused on improvement in agriculture, industrial and services sectors.
Published 04 Mar, 2017 12:00am
Ministry seeks state protection, support price for cotton crop
Cotton

Ministry seeks state protection, support price for cotton crop

Ministry of Textile Industry has sought state protection and support price for cotton crop to arrest its continuing fall, as crop production came down from 14 million bales to 10 million bales during the last two years. The country is spending huge foreig
Published 04 Mar, 2017 12:00am
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