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Archive - 2017-03-28
Bullion Prices on Tuesday
Markets

Bullion Prices on Tuesday

KARACHI: Following were the Bullion Prices in Karachi, Hyderabad, Multan and Lahore on Tuesday. K
Published 28 Mar, 2017 02:17pm
Train To Kosovo by Andrew Testa
Featured Photos

Train To Kosovo by Andrew Testa

Train To Kosovo Daily Life, first prize stories 15-10-2000 Windows have repeatedly been smashed by Serbs,
Published 28 Mar, 2017 12:53pm
Bullion rates in Multan
Markets

Bullion rates in Multan

MULTAN: Following bullion rates were received from markets here on Tuesday 2017. BULLION (PER 10 GRAM) ===========
Published 28 Mar, 2017 11:16am
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Tuesday having 48523.41 points with a negative change o
Published 28 Mar, 2017 11:05am
State of gas industry
Oil and Gas

State of gas industry

Lack of information and delay in information have long been a hallmark of Pakistan’s energy authorities, be it the rel
Updated 28 Mar, 2017 10:56am
Net Casting by Pedro Luis Raota
Featured Photos

Net Casting by Pedro Luis Raota

Net Casting Photoreporter of the Year, prize stories 1968 A fisherwoman collects the fishing nets. Pho
Published 28 Mar, 2017 08:45am
Aka Pygmies by Herald Schmitt
Featured Photos

Aka Pygmies by Herald Schmitt

Aka Pygmies Arts and Entertainment, third prize stories 00-01-2001 N-Dole plays a flute. Aka pygmies
Published 28 Mar, 2017 08:01am
RECORDER REPORT-PSX mid day update
Pakistan Top News

RECORDER REPORT-PSX mid day update

 KARACHI: On Tuesday, until mid day, KSE-100 Index was at 48498.64 with a negative change of 181.52 and volume of 35,50
Published 28 Mar, 2017 07:27am
BJP calls to demolish Jinnah House
Asia

BJP calls to demolish Jinnah House

MUMBAI: India’s Bharatiya Janata Party (BJP) lawmaker, Mangal Prabhat Lodha, has demanded to demolish Pakistan founder
Published 28 Mar, 2017 06:18am
Two killed as train collides with oil tanker

Two killed as train collides with oil tanker

At least two persons died when a Karachi-bound Shalimar Express train collided with an oil tanker in Punjab's Sheikhupura district on Monday night, Aaj News reported. Rescue personnel said at least six people were injured in the accident. "The three carri
Published 28 Mar, 2017 12:00am
Two killed as train collides with oil tanker

Two killed as train collides with oil tanker

At least two persons died when a Karachi-bound Shalimar Express train collided with an oil tanker in Punjab's Sheikhupura district on Monday night, Aaj News reported. Rescue personnel said at least six people were injured in the accident. "The three carri
Published 28 Mar, 2017 12:00am
Irsa projects big water shortage
Cotton

Irsa projects big water shortage

Indus River System Authority (Irsa) on Monday projected a 35 percent water shortage for crops in upcoming Kharif season staring from April 1, 2017 fearing further cuts in water shares of Punjab and Sindh. The estimates of water shortage have been calculat
Published 28 Mar, 2017 12:00am
Irsa projects big water shortage
Cotton

Irsa projects big water shortage

Indus River System Authority (Irsa) on Monday projected a 35 percent water shortage for crops in upcoming Kharif season staring from April 1, 2017 fearing further cuts in water shares of Punjab and Sindh. The estimates of water shortage have been calculat
Published 28 Mar, 2017 12:00am
Irsa projects big water shortage
Cotton

Irsa projects big water shortage

Indus River System Authority (Irsa) on Monday projected a 35 percent water shortage for crops in upcoming Kharif season staring from April 1, 2017 fearing further cuts in water shares of Punjab and Sindh. The estimates of water shortage have been calculat
Published 28 Mar, 2017 12:00am
PSX stays bearish

PSX stays bearish

Pakistan Stock Exchange witnessed another bearish session due to a selling spree on the first day of the fresh trading week Monday. The benchmark KSE-100 index declined by 290.89 points and closed at the level of 48,680.16 points. Local investors opted to
Published 28 Mar, 2017 12:00am
PSX stays bearish

PSX stays bearish

Pakistan Stock Exchange witnessed another bearish session due to a selling spree on the first day of the fresh trading week Monday. The benchmark KSE-100 index declined by 290.89 points and closed at the level of 48,680.16 points. Local investors opted to
Published 28 Mar, 2017 12:00am
PSX stays bearish

PSX stays bearish

Pakistan Stock Exchange witnessed another bearish session due to a selling spree on the first day of the fresh trading week Monday. The benchmark KSE-100 index declined by 290.89 points and closed at the level of 48,680.16 points. Local investors opted to
Published 28 Mar, 2017 12:00am
BRIndex30 down by 237.17 points

BRIndex30 down by 237.17 points

On Monday, BRIndex30 opened at 27,202.91. It touched an intraday high of 27,218.28 and an intraday low of 26,923.89 and closed at 26,965.74 which was -237.17 points or -0.87 percent lower than previous close. Total volume was 142,976,000, which was 40.46
Published 28 Mar, 2017 12:00am
BRIndex30 down by 237.17 points

BRIndex30 down by 237.17 points

On Monday, BRIndex30 opened at 27,202.91. It touched an intraday high of 27,218.28 and an intraday low of 26,923.89 and closed at 26,965.74 which was -237.17 points or -0.87 percent lower than previous close. Total volume was 142,976,000, which was 40.46
Published 28 Mar, 2017 12:00am
Raheel to help unite Muslim states: Janjua

Raheel to help unite Muslim states: Janjua

National Security Advisor (NSA) Nasir Janjua said on Monday that former Chief of Army Staff (CoAS) General Raheel Sharif (Retd) would help unite the Muslim countries "if he leads the Islamic military alliance." In an informal talk with media after a day-l
Published 28 Mar, 2017 12:00am
Raheel to help unite Muslim states: Janjua

Raheel to help unite Muslim states: Janjua

National Security Advisor (NSA) Nasir Janjua said on Monday that former Chief of Army Staff (CoAS) General Raheel Sharif (Retd) would help unite the Muslim countries "if he leads the Islamic military alliance." In an informal talk with media after a day-l
Published 28 Mar, 2017 12:00am
IHC for autonomous working of regulatory bodies

IHC for autonomous working of regulatory bodies

The Islamabad High Court (IHC) on Monday ruled in favour of autonomous working of five regulatory bodies and quashed the federal government's decision taken earlier to place them under the administrative control of the line ministries. Justice Athar Minal
Published 28 Mar, 2017 12:00am
IHC for autonomous working of regulatory bodies

IHC for autonomous working of regulatory bodies

The Islamabad High Court (IHC) on Monday ruled in favour of autonomous working of five regulatory bodies and quashed the federal government's decision taken earlier to place them under the administrative control of the line ministries. Justice Athar Minal
Published 28 Mar, 2017 12:00am
IHC for autonomous working of regulatory bodies

IHC for autonomous working of regulatory bodies

The Islamabad High Court (IHC) on Monday ruled in favour of autonomous working of five regulatory bodies and quashed the federal government''s decision taken earlier to place them under the administrative control of the line ministries. Justice Athar Mina
Published 28 Mar, 2017 12:00am
Thar coal power plant: Nepra likely to change tariff structure

Thar coal power plant: Nepra likely to change tariff structure

National Electric Power Regulatory Authority (Nepra) is most likely to replace upcoming Thar-coal power plant's tariff structure from upfront to competitive bidding mode by adjusting different benchmarks, well informed sources told Business Recorder</i
Published 28 Mar, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Mar, 2017 12:00am
Thar coal power plant: Nepra likely to change tariff structure

Thar coal power plant: Nepra likely to change tariff structure

National Electric Power Regulatory Authority (Nepra) is most likely to replace upcoming Thar-coal power plant's tariff structure from upfront to competitive bidding mode by adjusting different benchmarks, well informed sources told Business Recorder</i
Published 28 Mar, 2017 12:00am
Thar coal power plant: Nepra likely to change tariff structure

Thar coal power plant: Nepra likely to change tariff structure

National Electric Power Regulatory Authority (Nepra) is most likely to replace upcoming Thar-coal power plant''s tariff structure from upfront to competitive bidding mode by adjusting different benchmarks, well informed sources told Business Recorder</
Published 28 Mar, 2017 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 28 Mar, 2017 12:00am
Power sector, privatisation to dominate IMF talks

Power sector, privatisation to dominate IMF talks

Power sector and privatisation process are likely to dominate Article-IV consultations on $6.64 billion Extended Fund Facility (EFF) in Dubai starting from today (Tuesday). An official of Finance Ministry on condition of anonymity said that energy sector
Published 28 Mar, 2017 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Mar, 2017 12:00am
Power sector, privatisation to dominate IMF talks

Power sector, privatisation to dominate IMF talks

Power sector and privatisation process are likely to dominate Article-IV consultations on $6.64 billion Extended Fund Facility (EFF) in Dubai starting from today (Tuesday). An official of Finance Ministry on condition of anonymity said that energy sector
Published 28 Mar, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Mar, 2017 12:00am
Power sector, privatisation to dominate IMF talks

Power sector, privatisation to dominate IMF talks

Power sector and privatisation process are likely to dominate Article-IV consultations on $6.64 billion Extended Fund Facility (EFF) in Dubai starting from today (Tuesday). An official of Finance Ministry on condition of anonymity said that energy sector
Published 28 Mar, 2017 12:00am
Power sector, privatisation to dominate IMF talks

Power sector, privatisation to dominate IMF talks

Power sector and privatisation process are likely to dominate Article-IV consultations on $6.64 billion Extended Fund Facility (EFF) in Dubai starting from today (Tuesday). An official of Finance Ministry on condition of anonymity said that energy sector
Published 28 Mar, 2017 12:00am
Prime Minister announces metro bus, airport for Hyderabad

Prime Minister announces metro bus, airport for Hyderabad

Prime Minister Nawaz Sharif has announced development projects for the city, which included an international airport and a metro bus scheme. Addressing a charged-up crowd at the PML-N's Workers Convention, Prime Minister Nawaz Sharif said he was delighted
Published 28 Mar, 2017 12:00am
Prime Minister announces metro bus, airport for Hyderabad

Prime Minister announces metro bus, airport for Hyderabad

Prime Minister Nawaz Sharif has announced development projects for the city, which included an international airport and a metro bus scheme. Addressing a charged-up crowd at the PML-N's Workers Convention, Prime Minister Nawaz Sharif said he was delighted
Published 28 Mar, 2017 12:00am
Prime Minister announces metro bus, airport for Hyderabad

Prime Minister announces metro bus, airport for Hyderabad

Prime Minister Nawaz Sharif has announced development projects for the city, which included an international airport and a metro bus scheme. Addressing a charged-up crowd at the PML-N''s Workers Convention, Prime Minister Nawaz Sharif said he was delighte
Published 28 Mar, 2017 12:00am
Nawaz meets Mumtaz Bhutto

Nawaz meets Mumtaz Bhutto

Prime Minister Nawaz Sharif arrived in Hyderabad on Monday and met the disgruntled party leader Mumtaz Bhutto during his visit. The meeting between Bhutto and the PM took place at PML-N leader Rahila Magsi's residence in Hyderabad. The Prime Minister is s
Published 28 Mar, 2017 12:00am
Sima Kamil appointed first woman CEO, president of UBL

Sima Kamil appointed first woman CEO, president of UBL

Sima Kamil has been appointed as the first woman chief executive officer and president of United Bank Limited. The UBL's board of directors has made a decision to replace Wajahat Husain, where Sima Kamil will take up her role on June 1, 2017. She will be
Published 28 Mar, 2017 12:00am
Sima Kamil appointed first woman CEO, president of UBL

Sima Kamil appointed first woman CEO, president of UBL

Sima Kamil has been appointed as the first woman chief executive officer and president of United Bank Limited. The UBL's board of directors has made a decision to replace Wajahat Husain, where Sima Kamil will take up her role on June 1, 2017. She will be
Published 28 Mar, 2017 12:00am
Sima Kamil appointed first woman CEO, president of UBL

Sima Kamil appointed first woman CEO, president of UBL

Sima Kamil has been appointed as the first woman chief executive officer and president of United Bank Limited. The UBL''s board of directors has made a decision to replace Wajahat Husain, where Sima Kamil will take up her role on June 1, 2017. She will be
Published 28 Mar, 2017 12:00am
Visa scandal being investigated

Visa scandal being investigated

The National Assembly's Foreign and Interior Committees have on Monday took notice of the issuance of visas to Americans by former ambassador Hussain Haqqani. The National Assembly's Foreign and Interior committees took notice of this issue on the directi
Published 28 Mar, 2017 12:00am
THE RUPEE: recovers modest gains
Currency

THE RUPEE: recovers modest gains

The rupee managed to recover modest ground against the dollar in the process of trading, dealers said. The rupee moved slightly versus the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, they said.
Published 28 Mar, 2017 12:00am
Visa scandal being investigated

Visa scandal being investigated

The National Assembly's Foreign and Interior Committees have on Monday took notice of the issuance of visas to Americans by former ambassador Hussain Haqqani. The National Assembly's Foreign and Interior committees took notice of this issue on the directi
Published 28 Mar, 2017 12:00am
THE RUPEE: recovers modest gains
Currency

THE RUPEE: recovers modest gains

The rupee managed to recover modest ground against the dollar in the process of trading, dealers said. The rupee moved slightly versus the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, they said.
Published 28 Mar, 2017 12:00am
NAB bill approved by Senate body

NAB bill approved by Senate body

The Senate Standing Committee on Law and Justice on Monday approved 'The National Accountability (Amendment) Bill, 2017' according to which the powers of plea bargain and voluntary return that rest with the National Accountability Bureau (NAB) chairman un
Published 28 Mar, 2017 12:00am
NAB bill approved by Senate body

NAB bill approved by Senate body

The Senate Standing Committee on Law and Justice on Monday approved 'The National Accountability (Amendment) Bill, 2017' according to which the powers of plea bargain and voluntary return that rest with the National Accountability Bureau (NAB) chairman un
Published 28 Mar, 2017 12:00am
NAB bill approved by Senate body

NAB bill approved by Senate body

The Senate Standing Committee on Law and Justice on Monday approved ''The National Accountability (Amendment) Bill, 2017'' according to which the powers of plea bargain and voluntary return that rest with the National Accountability Bureau (NAB) chairman
Published 28 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 28 Mar, 2017 12:00am
NAB bill approved by Senate body

NAB bill approved by Senate body

The Senate Standing Committee on Law and Justice on Monday approved ''''The National Accountability (Amendment) Bill, 2017'''' according to which the powers of plea bargain and voluntary return that rest with the National Accountability Bureau (NAB) chair
Published 28 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 28 Mar, 2017 12:00am
Saudi cuts taxes on oil firms ahead of Aramco sale

Saudi cuts taxes on oil firms ahead of Aramco sale

Saudi Arabia on Monday cut taxes on oil companies in a major move that could attract investments in its energy giant Aramco, expected to be offered to investors in 2018. King Salman decreed a new set of income tax rates on oil companies working in the kin
Published 28 Mar, 2017 12:00am
Saudi cuts taxes on oil firms ahead of Aramco sale

Saudi cuts taxes on oil firms ahead of Aramco sale

Saudi Arabia on Monday cut taxes on oil companies in a major move that could attract investments in its energy giant Aramco, expected to be offered to investors in 2018. King Salman decreed a new set of income tax rates on oil companies working in the kin
Published 28 Mar, 2017 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 17 March, 2017.

Published 28 Mar, 2017 12:00am
Sugar export: ECC to consider proposal today

Sugar export: ECC to consider proposal today

Finance Minister Ishaq Dar has convened a meeting of the Economic Co-ordination Committee (ECC) of the Cabinet today (Tuesday) to consider a proposal of export of sugar. Source said that the finance minister has convened meeting of the ECC with six agenda
Published 28 Mar, 2017 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 17 March, 2017.

Published 28 Mar, 2017 12:00am
Sugar export: ECC to consider proposal today

Sugar export: ECC to consider proposal today

Finance Minister Ishaq Dar has convened a meeting of the Economic Co-ordination Committee (ECC) of the Cabinet today (Tuesday) to consider a proposal of export of sugar. Source said that the finance minister has convened meeting of the ECC with six agenda
Published 28 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 Monday (March 27, 2017).

Published 28 Mar, 2017 12:00am
Sugar export: ECC to consider proposal today

Sugar export: ECC to consider proposal today

Finance Minister Ishaq Dar has convened a meeting of the Economic Co-ordination Committee (ECC) of the Cabinet today (Tuesday) to consider a proposal of export of sugar. Source said that the finance minister has convened meeting of the ECC with six agenda
Published 28 Mar, 2017 12:00am
Hides and skin rates

Hides and skin rates

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

Published 28 Mar, 2017 12:00am
Reply sought from federal government

Reply sought from federal government

The Lahore High Court on Monday sought reply from federal government and finance ministry by April 17 in response to a petition challenging powers of Finance Minister Ishaq Dar to present supplementary budget. A citizen, Mahmood Akhtar Naqvi, contended in
Published 28 Mar, 2017 12:00am
Reply sought from federal government

Reply sought from federal government

The Lahore High Court on Monday sought reply from federal government and finance ministry by April 17 in response to a petition challenging powers of Finance Minister Ishaq Dar to present supplementary budget. A citizen, Mahmood Akhtar Naqvi, contended in
Published 28 Mar, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

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

Published 28 Mar, 2017 12:00am
Reply sought from federal government

Reply sought from federal government

The Lahore High Court on Monday sought reply from federal government and finance ministry by April 17 in response to a petition challenging powers of Finance Minister Ishaq Dar to present supplementary budget. A citizen, Mahmood Akhtar Naqvi, contended in
Published 28 Mar, 2017 12:00am
Budget proposals: PSX for increased size and depth of capital market

Budget proposals: PSX for increased size and depth of capital market

Pakistan Stock Exchange (PSX) has proposed that the core principle of the PSX budget proposals (2017-18) is to increase the size and depth of the capital market by incentivising listing of new capital without impacting the revenue collection of the Federa
Published 28 Mar, 2017 12:00am
Budget proposals: PSX for increased size and depth of capital market

Budget proposals: PSX for increased size and depth of capital market

Pakistan Stock Exchange (PSX) has proposed that the core principle of the PSX budget proposals (2017-18) is to increase the size and depth of the capital market by incentivising listing of new capital without impacting the revenue collection of the Federa
Published 28 Mar, 2017 12:00am
Budget proposals: PSX for increased size and depth of capital market

Budget proposals: PSX for increased size and depth of capital market

Pakistan Stock Exchange (PSX) has proposed that the core principle of the PSX budget proposals (2017-18) is to increase the size and depth of the capital market by incentivising listing of new capital without impacting the revenue collection of the Federa
Published 28 Mar, 2017 12:00am
Singaporean couple jailed

Singaporean couple jailed

A Singapore couple who starved their Philippine maid until she weighed just 29 kilograms (64 pounds) were ordered jailed Monday in a case described as "shocking" by prosecutors who vowed to seek stiffer sentences.
Published 28 Mar, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 28 Mar, 2017 12:00am
Singaporean couple jailed

Singaporean couple jailed

A Singapore couple who starved their Philippine maid until she weighed just 29 kilograms (64 pounds) were ordered jailed Monday in a case described as "shocking" by prosecutors who vowed to seek stiffer sentences.
Published 28 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 28 Mar, 2017 12:00am
A Milton Friedman approach?

A Milton Friedman approach?

The State Bank has again opted to keep the policy rate unchanged at 5.75 percent for the next two months. In its Monetary Policy Statement (MPS) released on 25th March, 2017, it seems to have argued that there are no compelling reasons to act otherwise as
Published 28 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 28 Mar, 2017 12:00am
Visa furore

Visa furore

A veritable storm has been set off by former ambassador to the US Husain Haqqani's article in The Washington Post in which he revealed that he had facilitated visas for American officials requested by the US State Department with the approval and authoris
Published 28 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

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

Published 28 Mar, 2017 12:00am
Making sense of census

Making sense of census

Census is a snapshot of demographic, economic, political and statistical portrait of the country and its people. Being a snapshot, it's a static, but can become dynamic tool, if supplemented with timely longitudinal surveys to capture strategic shifts in
Published 28 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

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

Published 28 Mar, 2017 12:00am
Red herrings and all that

Red herrings and all that

Once again we have demonstrated our inexhaustible penchant for kicking up the dust of unnecessary and time wasting controversies. An article by former ambassador to the US, Husain Haqqani, in The Washington Post roused our sleeping defenders of the faith
Published 28 Mar, 2017 12:00am
The Weather

The Weather

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

Published 28 Mar, 2017 12:00am
First warning signs appear for UK's resilient economy
Currency

First warning signs appear for UK's resilient economy

Britain's economy has for months defied the cataclysmic predictions made by campaigners for staying in the EU ahead of last year's referendum but its smooth run shows signs of hitting the skids. As Britain begins the delicate process of extracting itself
Published 28 Mar, 2017 12:00am
'The rise of Hindutva'

'The rise of Hindutva'

This is apropos a Business Recorder editorial "The rise of Hindutva" carried by the newspaper on March 23. I wish if it is circulated among the ambassadors of Muslim countries, particularly those who consider themselves "Champions of Muslims" such
Published 28 Mar, 2017 12:00am
Shanghai copper slides

Shanghai copper slides

Shanghai Futures Exchange copper slid by 1.6 percent to 46,260 yuan ($6,734) a tonne on Monday after President Donald Trump's failure to push through healthcare reform fanned concerns over his ability to realise his economic agenda. Shfe copper has broken
Published 28 Mar, 2017 12:00am
ICE cotton dips as grains slide
Cotton

ICE cotton dips as grains slide

ICE cotton futures edged lower on Monday following a slide in agricultural commodities, which saw US wheat, corn and soyabean futures touch their lowest this year. US wheat, corn and soyabean futures fell, pressured by abundant global grain and oilseed su
Published 28 Mar, 2017 12:00am
Plan set to seek $40 billion for adaptation of climate change

Plan set to seek $40 billion for adaptation of climate change

Ministry of Climate Change sets an ambitious plan of seeking some $40 billion from international community and donors working for adaptation and mitigation of the climate change to reduce carbon emissions in the country by 20 percent. An official of the m
Published 28 Mar, 2017 12:00am
Plan set to seek $40 billion for adaptation of climate change

Plan set to seek $40 billion for adaptation of climate change

Ministry of Climate Change sets an ambitious plan of seeking some $40 billion from international community and donors working for adaptation and mitigation of the climate change to reduce carbon emissions in the country by 20 percent. An official of the m
Published 28 Mar, 2017 12:00am
Jamaat leader calls for fair, transparent polls

Jamaat leader calls for fair, transparent polls

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has said that the 2018 elections must be fair, free and transparent in order to strengthen the democratic system in the country. Addressing JI group leaders from the city NA and provincial assembly consti
Published 28 Mar, 2017 12:00am
KMC removes encroachment from Nazimabad

KMC removes encroachment from Nazimabad

Karachi Metropolitan Corporation (KMC) has expedited its activities against the encroachment and clear different areas of the city from encroachment to facilitate the traffic and pedestrians. The KMC's anti-encroachment team removed encroachments from the
Published 28 Mar, 2017 12:00am
Panama case: Ali Zaidi writes letter to NAB's chief

Panama case: Ali Zaidi writes letter to NAB's chief

Pakistan Tehreek-e-Insaf leader Ali Haider Zaidi on Monday wrote a letter to Chairman National Accountability Bureau (NAB) Qamar Zaman Chaudhry with reference to the Panama case and the NAB's role in this regard. Zaidi, who is the president of the party's
Published 28 Mar, 2017 12:00am
Attack on coach leaves three injured

Attack on coach leaves three injured

Three persons were injured when unidentified accused opened fire on a moving coach in Nazimabad on Monday morning. According to the Police, the incident took place in Nazimabad No 2 area. The injured were identified as Mehtab, Gulab and Umair. The rescue
Published 28 Mar, 2017 12:00am
'NOC to Raheel Sharif raises questions on Parliament's supremacy'

'NOC to Raheel Sharif raises questions on Parliament's supremacy'

The permission given to former Army Chief General Raheel Sharif to lead the 39-member Islamic Military Alliance despite decision by the country's Parliament to remain neutral raises serious questions on the supremacy of the Parliament, said former Ambassa
Published 28 Mar, 2017 12:00am
Media plays vital role in strengthening democracy: Marriyum

Media plays vital role in strengthening democracy: Marriyum

Minister of State for Information, Broadcasting and National Heritage has said that media has played a very positive role in strengthening democracy in the country and she was sanguine that it would continue to traverse the same course to highlight the po
Published 28 Mar, 2017 12:00am
Tameer Microfinance Bank renamed

Tameer Microfinance Bank renamed

Tameer Microfinance Bank, rebranded as Telenor Microfinance Bank, aims empowering the poorer people of the country through convenient, affordable and secure digital financial services. The ceremony for the name change was held on Monday, with the Telenor
Published 28 Mar, 2017 12:00am
Nepra directed to establish sub-offices at district level

Nepra directed to establish sub-offices at district level

The National Electric Power Regulatory Authority (NEPRA) came under criticism on the issue of over-billing to the electricity consumers and the parliamentarians sated that the regulator's role remains ineffective in power sector. A meeting of the National
Published 28 Mar, 2017 12:00am
First block of Census phase-I concludes

First block of Census phase-I concludes

The population and household count in the first block of the phase one under the 6th population and housing census in 63 districts across the country concluded on Monday. Talking to Radio Pakistan, Rabia Awan, Director Operations Census Committee said tha
Published 28 Mar, 2017 12:00am
Banking channel to help increase trade with Iran: Wathra

Banking channel to help increase trade with Iran: Wathra

Governor State Bank of Pakistan (SBP) Ashraf Mehmood Wathra has said on Monday that banking channel between Pakistan and Iran will be established soon that would help increase bilateral trade between the two countries. "All arrangements for establishment
Published 28 Mar, 2017 12:00am
Banking channel to help increase trade with Iran: Wathra

Banking channel to help increase trade with Iran: Wathra

Governor State Bank of Pakistan (SBP) Ashraf Mehmood Wathra has said on Monday that banking channel between Pakistan and Iran will be established soon that would help increase bilateral trade between the two countries. "All arrangements for establishment
Published 28 Mar, 2017 12:00am
House collapse kills three children in Malakand area

House collapse kills three children in Malakand area

At least three children were died while four other people sustained injuries when roof of a house caved-in in Sakhakot area of Malakand Division Monday morning. According to reports, the injured people and children's corpses were taken out of the debris a
Published 28 Mar, 2017 12:00am
Judge posted at Judicial Complex inside Karachi Prison

Judge posted at Judicial Complex inside Karachi Prison

Shafqat Hussain Chhijan, Civil Judge and Judicial Magistrate, Karachi South, has been transferred and posted as Civil Judge and Judicial Magistrate No IX, Karachi in Judicial Complex inside Central Prison, Karachi. The said post was lying vacant because o
Published 28 Mar, 2017 12:00am
104 Indian fishermen sent to jail

104 Indian fishermen sent to jail

Civil Judge South Salman Mujahid's court on Monday sent 104 Indian fishermen to Karachi Jail who were presented by Docks Police. According to details, these fishermen were arrested by Pakistan Maritime Security Agency (PMSA) on Saturday on the charge of i
Published 28 Mar, 2017 12:00am
Banks' role in determining economic growth vital: Wathra

Banks' role in determining economic growth vital: Wathra

State Bank of Pakistan (SBP) Governor Ashraf Mehmood Wathra Monday said banking sector of Pakistan has been very fundamental for the development of the economy. Addressing the launching ceremony of the 2nd Pakistan Banking Awards 2017 at the Institute of
Published 28 Mar, 2017 12:00am
MCC recovers cell phones worth Rs 2.4 million

MCC recovers cell phones worth Rs 2.4 million

Model Customs Collectorate (MCC), Preventive on Monday claimed to have recovered substantial quantity of cell phones worth Rs 2.4 million from two female passengers arrived from UAE. According to details, both female passengers, who were coming from UAE v
Published 28 Mar, 2017 12:00am
Two killed in Quetta

Two killed in Quetta

The police recovered bullet riddled body of a man while another was killed in firing by unidentified armed men here on Monday. Police said that after being spotted by dwellers of the area, it recovered bullet riddled body of an unidentified person from Sh
Published 28 Mar, 2017 12:00am
DGCV revises Customs duty of lead acid batteries

DGCV revises Customs duty of lead acid batteries

Directorate General Customs Valuation (DGCV) has revised the Customs duty of "Lead Acid Batteries" under Section 25(9) of the Customs Act, 1969. According to the revised valuation ruling, the Customs duty is required revision in line with the prevailing p
Published 28 Mar, 2017 12:00am
Lasbela CCI demands reduced K-Electric tariff

Lasbela CCI demands reduced K-Electric tariff

President of Lasbela Chamber of Commerce and Industry (LCCI) Ismail Suttar has demanded of the K Electric's management to implement reduction in the tariff by Rs 3.50 per unit and notify it to the consumers without any delay. He said he has learned that N
Published 28 Mar, 2017 12:00am
Bank Alfalah, AlHuda CIBE sign MoU to promote Islamic banking

Bank Alfalah, AlHuda CIBE sign MoU to promote Islamic banking

To promote Islamic Banking and Finance in the country, Bank Alfalah has entered into an agreement with AlHuda Centre of Islamic Banking and Economics (CIBE). The MoU will act as a gateway to facilitate the promotion and development of Islamic Banking nati
Published 28 Mar, 2017 12:00am
Sindh Cabinet acts on decision to remove the offensive names

Sindh Cabinet acts on decision to remove the offensive names

Sindh cabinet has decided on Monday to rename the universities that are named after MQM's founder Altaf Hussain because of his anti-Pakistan remarks. Sindh Chief Minister Syed Murad Ali Shah presided over the Sindh cabinet meeting at the New Sindh Secreta
Published 28 Mar, 2017 12:00am
FPCCI president calls on Corps Commander

FPCCI president calls on Corps Commander

President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zubair Tufail called on Corps Commander Karachi Lieutenant General Shahid Baig Mirza, here on Monday. They exchanged views on the current security situation. Corps Commander sai
Published 28 Mar, 2017 12:00am
Universities named for Altaf Hussain to be renamed

Universities named for Altaf Hussain to be renamed

The Sindh Assembly on Monday passed amendments to laws to rename proposed private universities named after Altaf Hussain. After amendments to two Acts of 2014, the universities will be named after Maulana Abdul Sattar Edhi and Mohtarma Fatima Jinnah. Parl
Published 28 Mar, 2017 12:00am
International Textile and Garments Machinery Trade Fair at Expo

International Textile and Garments Machinery Trade Fair at Expo

The '17th Textile Asia: International Textile and Garments Machinery Trade Fair' will begin at Karachi Expo Centre on Tuesday (today). The 3-day fair is being organised jointly by Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA
Published 28 Mar, 2017 12:00am
State Bank clarifies authenticity of Rs 500 banknotes without OVI

State Bank clarifies authenticity of Rs 500 banknotes without OVI

Apropos the news circulating in some sections of social media regarding authenticity of Rs 500 banknotes without Optical Variable Ink (OVI) flag, it may be recalled that the State Bank had introduced new design banknotes of Rs 500 in 2006.
Published 28 Mar, 2017 12:00am
Rear Admiral Kaleem Shaukat promoted

Rear Admiral Kaleem Shaukat promoted

Rear Admiral Kaleem Shaukat, Commander Pakistan Fleet has been promoted to the rank of Vice Admiral with immediate effect. According to Pakistan Navy (PN) here on Monday, Vice Admiral Kaleem Shaukat upon completion of initial training at Britannia Royal N
Published 28 Mar, 2017 12:00am
C&T Group officer tops CSB evaluation

C&T Group officer tops CSB evaluation

An officer of Commerce and Trade (C&T) Group, Muhammad Ashraf has topped the Central Selection Board (CSB) evaluation. According to the minutes of the Central Selection Board's recent meeting reveal that Commerce and Trade Group Officer Muhammad Ashraf ha
Published 28 Mar, 2017 12:00am
FWO refuses to return Rs 276 million to Punjab government

FWO refuses to return Rs 276 million to Punjab government

A project of 10.1 kilometres long 4-lane expressway along Nullah Lai in Rawalpindi with an estimated cost of Rs 17.77 billion had been shelved in 2010, but Frontier Works Organisation has refused to return Rs 276 million to the government of Punjab that i
Published 28 Mar, 2017 12:00am
BJP legislator demands demolition of Jinnah House in Mumbai

BJP legislator demands demolition of Jinnah House in Mumbai

The sprawling mansion in Mumbai built by Pakistan's founder Mohammad Ali Jinnah should be demolished, one of the city's top builders has told the government. Mangal Prabhat Lodha is the promoter of a large real estate developer in the financial capital.
Published 28 Mar, 2017 12:00am
Illegal construction at CDA land reviewed

Illegal construction at CDA land reviewed

The sub-committee of the Public Accounts Committee (PAC) Monday reviewed illegal construction of Gun & Country Club at Capital Development Authority (CDA) land. Audit officials informed the committee that land was given to the Sports Board for holding SAF
Published 28 Mar, 2017 12:00am
67 arrested in crackdown against profiteers

67 arrested in crackdown against profiteers

District administration Peshawar arrested 67 persons during crackdown against profiteers in different parts of the city while a manager of filing station was arrested for filling less petrol than the fixed quantity. The arrested profiteers were included f
Published 28 Mar, 2017 12:00am
Pakistan, South Africa to cooperate in defence field, sign MoU

Pakistan, South Africa to cooperate in defence field, sign MoU

Pakistan and South Africa on Monday signed a Memorandum of Understanding (MOU) to cooperate in Defence and Defence Production sectors. The signing of MOU was held at the Ministry of Defence where Pakistan side was represented by Minister for Defence Khawa
Published 28 Mar, 2017 12:00am
METRO Cash & Carry holds 5th Quality Assurance Supplier Conference 2017

METRO Cash & Carry holds 5th Quality Assurance Supplier Conference 2017

On 22nd March 2017, METRO Cash & Carry Pakistan in collaboration with Ministry of Science & Technology "MoST" organised one of the biggest supplier events of 2017 which really proved to be inspirational from many dimensions for all stakeholders. Nearly 30
Published 28 Mar, 2017 12:00am
First-ever conference on ECCE inaugurated

First-ever conference on ECCE inaugurated

Minister of State for Federal Education and Professional Training, Engr Muhammad Baligh-ur-Rehman inaugurated first-ever national conference on Early Childhood Care and Education (ECCE) here on Monday.
Published 28 Mar, 2017 12:00am
Gang war criminal held, arms recovered

Gang war criminal held, arms recovered

The law enforcement agencies (LEAs) personnel arrested a gang war criminal, recovered cache of arms and explosives here on Monday. SSP Adeel Chandio said the police and intelligence agencies conducted joint operation against outlaws in Raees Goth of Baldi
Published 28 Mar, 2017 12:00am
PU reopens after four days' closure

PU reopens after four days' closure

University of the Punjab (PU) reopened on Monday after it remained closed for four days following a clash between two student groups however the situation inside the campus remained tense. According to the spokesperson of the university a minor incident t
Published 28 Mar, 2017 12:00am
All set for Pakistan's first national freelancing convention

All set for Pakistan's first national freelancing convention

Punjab Information Technology Board (PITB) is all set to organise Pakistan's 1st National Freelancing Convention on Tuesday at Arfa Software Technology Park, being co-hosted by Techhub Connect and Chief Minister's e-Rozgaar Programme. The event would brin
Published 28 Mar, 2017 12:00am
SCCI delegation to attend expo at Kuwait Chamber

SCCI delegation to attend expo at Kuwait Chamber

A 19-member trade delegation of Sialkot Chamber of Commerce and Industry (SCCI) headed by Wahub Jahangir left for Kuwait on early Monday. The delegation during its stay will showcase different products made in Sialkot in a two-day exhibition at Kuwait Cha
Published 28 Mar, 2017 12:00am
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