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Archive - 2017-03-31
European stocks open down
Financial

European stocks open down

LONDON: Europe's stock markets slipped back at the open on Friday in subdued deals on the last day of the firs
Published 31 Mar, 2017 02:30pm
Hong Kong stocks end lower
Financial

Hong Kong stocks end lower

HONG KONG: Hong Kong stocks ended the week with a loss as investors brushed off an upward revision of US growt
Published 31 Mar, 2017 02:24pm
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 Friday having 48155.93 points with a posi
Published 31 Mar, 2017 12:14pm
Vatnajokull by Klaus D. Francke
Featured Photos

Vatnajokull by Klaus D. Francke

Vatnajokull Nature, second prize stories 1991 A perfectly shaped moss covered hill stands on the edge of t
Published 31 Mar, 2017 10:39am
Mining metallic minerals
Industry

Mining metallic minerals

Have the echoes of resource nationalism in the popular discourse on the Reko Diq saga helped Pakistan? Last seven years
Published 31 Mar, 2017 06:25am
Bank of Punjab impresses
Banking

Bank of Punjab impresses

Being state-owned comes with the ills of being state-owned. The Bank of Punjab (BoPb) had the misfortune of carrying
Published 31 Mar, 2017 06:24am
Depoliticising census
Miscellaneous

Depoliticising census

The census remains a sensitive subject since population is linked to political and economic distribution in various
Published 31 Mar, 2017 06:22am
Ericsson's provisions raise concern over health of business

Ericsson's provisions raise concern over health of business

An attempt by Ericsson's new chief executive to lay out his strategy for the Swedish telecoms equipment maker backfired on Tuesday when it exposed problems related to some of its main contracts. Chief Executive Borje Ekholm, who took charge only in Januar
Published 31 Mar, 2017 12:00am
Daimler hits accelerator on electric car plans

Daimler hits accelerator on electric car plans

Daimler, the world's biggest luxury carmaker, said Wednesday it will speed up development of electric vehicles, aiming for 10 new models within five years rather than eight. "Emissions-free driving is at the centre of our strategy. In the coming years we
Published 31 Mar, 2017 12:00am
Almost half of Canadians want illegal border crossers deported

Almost half of Canadians want illegal border crossers deported

Nearly half of Canadians want to deport people who are illegally crossing into Canada from the United States, and a similar number disapprove of how Prime Minister Justin Trudeau is handling the influx, according to a Reuters/Ipsos opinion poll released o
Published 31 Mar, 2017 12:00am
Uzbekistan's rulers at odds on reforms
Currency

Uzbekistan's rulers at odds on reforms

The EBRD's return to Uzbekistan would be a victory for reformist President Shavkat Mirziyoyev but some of his other plans, such as a currency float, have been held up by disagreements with the powerful security chief, diplomatic and business sources say.
Published 31 Mar, 2017 12:00am
Patients take flight as medical tourism booms

Patients take flight as medical tourism booms

Medical tourism has grown into a healthy travel sector as people shop beyond their borders for everything from dental work to plastic surgery, say experts at Berlin's ITB travel fair. This year is the first that the global tourism show has set aside space
Published 31 Mar, 2017 12:00am
UK consumers to feel the pinch as inflation outpaces wage rises

UK consumers to feel the pinch as inflation outpaces wage rises

British wage growth won't keep up with soaring inflation this year, according to economists in a Reuters poll who were concerned a consumer spending slowdown was underway. Shoppers have been one of the main drivers of economic growth since Britain voted i
Published 31 Mar, 2017 12:00am
Next 50 years will determine humanity's outcome 'for 10,000 years'

Next 50 years will determine humanity's outcome 'for 10,000 years'

The extent to which countries cut their emissions over the next 50 years will determine the conditions of people's life on earth for at least the next 10,000 years, the head of the Stockholm Resilience Centre at Stockholm University says.
Published 31 Mar, 2017 12:00am
Tunisia sees 30 percent tourism growth in 2017

Tunisia sees 30 percent tourism growth in 2017

The number of tourists travelling to Tunisia is expected to rise by about 30 percent in 2017, reversing two years of sharp drops caused by militant attacks on foreign visitors, a senior official said on Tuesday.
Published 31 Mar, 2017 12:00am
Tesco promotes UK executives to lead international business

Tesco promotes UK executives to lead international business

Tesco, Britain's largest retailer, said on Monday its long-standing international boss Trevor Masters would step down and two executives who have played key roles in the firm's turnaround at home would take over his responsibilities.
Published 31 Mar, 2017 12:00am
Luxembourg stakes claim for EU banking body post-Brexit

Luxembourg stakes claim for EU banking body post-Brexit

Luxembourg has claimed the legal right to host the London-based European Banking Authority after Brexit, a government spokeswoman said on Thursday. Citing a European Union law dating back to 1965, Luxembourg Prime Minister Xavier Bettel made his case in a
Published 31 Mar, 2017 12:00am
Rating agencies cleared in Italian manipulation trial

Rating agencies cleared in Italian manipulation trial

Top managers at the financial rating agencies Standard and Poor's and Fitch were acquitted Thursday of market manipulation charges brought after they cut Italy's credit ratings in 2011 and 2012.
Published 31 Mar, 2017 12:00am
PetroChina profit plunges 78 percent to record low

PetroChina profit plunges 78 percent to record low

State-owned Chinese energy giant PetroChina on Thursday announced it slumped to a record-low profit for 2016 as global oil price weakness slashed earnings by 78 percent. Net profit fell to 7.86 billion yuan ($1.1 billion), the Beijing-based company said i
Published 31 Mar, 2017 12:00am
Eurozone economy motors ahead in March

Eurozone economy motors ahead in March

Sentiment towards the eurozone economy edged down but stayed buoyant in March, signalling faster growth as inflation expectations among businesses and consumers also rose, EU data showed on Thursday. The European Commission's monthly sentiment survey show
Published 31 Mar, 2017 12:00am
Central European banks set to outshine Western rivals
Currency

Central European banks set to outshine Western rivals

Profits at Central European banks are set to rise faster than at Western rivals over the next two years thanks to improving loan portfolios, rising interest rates and stronger economic growth, analysts said. While margins at most banks in Western Europe a
Published 31 Mar, 2017 12:00am
Malta posts first budget surplus in 32 years

Malta posts first budget surplus in 32 years

Malta posted its first budget surplus in 32 years in 2016 and its economy grew by 5 percent, its statistics office reported on Thursday in data welcomed as a "miracle" by Prime Minister Joseph Muscat. The government said the results achieved would allow t
Published 31 Mar, 2017 12:00am
Construction firms asked to hire services of 'internee engineers'

Construction firms asked to hire services of 'internee engineers'

The Federal government has decided that the domestic construction companies will be responsible to hire services of 'internee engineers' instead of 'supervisory engineers' to ease financial burden on the construction companies which they were facing becau
Published 31 Mar, 2017 12:00am
PAC Secretariat inaugurated

PAC Secretariat inaugurated

USAID Pakistan Deputy Mission Director, Julie Chen and Minister for Agriculture, Muhammad Naeem Akhtar Khan Bhabha on Thursday inaugurated the Secretariat of Punjab Agriculture Commission (PAC), which was created with the support of the United States gove
Published 31 Mar, 2017 12:00am
150 teachers to be promoted

150 teachers to be promoted

The provincial selection board has decided to promote 150 women assistant professors (BS-18) working in various women colleges and public sector universities to associate professors (BS-19). All these women professors belong to the general cadre of Higher
Published 31 Mar, 2017 12:00am
Government urged to focus on poverty, public services

Government urged to focus on poverty, public services

Speakers at a seminar at the Government College University Lahore have laid stress on the government to also focus on rural poverty and public services, saying that inclusive growth policy is must for the country's economic growth and national security. V
Published 31 Mar, 2017 12:00am
PITB, BoP sign MoU to facilitate citizens

PITB, BoP sign MoU to facilitate citizens

The Punjab Information Technology Board (PITB) and the Bank of Punjab (BoP) signed a Memorandum of Understanding (MoU) here on Thursday for collection of fee involved at e-Khidmat Centers for a number of services to facilitate the common citizens and to s
Published 31 Mar, 2017 12:00am
Bahrain's businessmen arrive in Lahore

Bahrain's businessmen arrive in Lahore

A high-powered business delegation from the Kingdom of Bahrain led by the Minister of Commerce, Industry and Tourism of Bahrain, Zayed R Alzayani, is on an official visit to Pakistan to explore mutual business, trade and investment opportunities in the fi
Published 31 Mar, 2017 12:00am
Five terrorists gunned down in Gujrat

Five terrorists gunned down in Gujrat

A major terror bid was foiled in Gujrat where the CTD gunned down at least five terrorists in a raid on early Thursday morning. According to details, CTD personnel conducted a raid in Kunjah area of Gujrat on an intelligence report during which terrorists
Published 31 Mar, 2017 12:00am
Ahmad made FPCCI body president

Ahmad made FPCCI body president

The Federation of Pakistan Chamber of Commerce & Industry (FPCCI) has nominated Muhammad Ahmad, President Gold & Gems Art Promotion Council of Pakistan (GGAPCP) and Chairman of the Lahore Division Sarafa & Jewellers Association as Chairman Regional Commit
Published 31 Mar, 2017 12:00am
EU observers briefed about census

EU observers briefed about census

In order to get information regarding the ongoing census in the provincial metropolis, a team of the United Nations consisting of international and national census observers Uzoma Okoye, Dr Rafique Chandio and Dr Noushin Mahmood called on the Deputy Commi
Published 31 Mar, 2017 12:00am
Government to introduce latest cotton technology in Punjab
Cotton

Government to introduce latest cotton technology in Punjab

Additional Secretary (Planning) Dr Ghazanfar Ali Khan stated that Government of Punjab remained fully committed to introducing latest cotton technologies in the province. He said Agriculture Department had weighed various technology options and has arrive
Published 31 Mar, 2017 12:00am
Minister for best healthcare services to patients

Minister for best healthcare services to patients

Punjab Minister for Specialized Healthcare & Medical Education Khawaja Salman Rafiq has directed to run the Children Hospital and Ghulam Muhammadabad General Hospital Faisalabad at their full capacity to reduce the patients load on other hospitals. He sai
Published 31 Mar, 2017 12:00am
Bilawal's intellect is above expectations: Zardari

Bilawal's intellect is above expectations: Zardari

Co-chairman Pakistan Peoples' Party (PPP) Asif Zardari has called Bilawal as a very intelligent person, saying that his intellect is above expectations. He attended a reception at the residence of former President Agriculture Development Bank of Pakistan
Published 31 Mar, 2017 12:00am
FCW win overall trophy as SBBWU Inter-College Games end

FCW win overall trophy as SBBWU Inter-College Games end

Frontier College for Women Peshawar with 34 points clinched the overall trophy of the 7th Shaheed Benazir Bhutto Women University (SBBWU) Inter-College Games which concluded here at University premises on Thursday.
Published 31 Mar, 2017 12:00am
ICC chief puts positive spin to Olympic slot

ICC chief puts positive spin to Olympic slot

The time is right for cricket to bid to become an Olympic sport with the 2024 Games being eyed as a strong possibility, International Cricket Council (ICC) chief executive David Richardson said on Thursday. The 57-year-old South African - who was the nati
Published 31 Mar, 2017 12:00am
Kohli says Aussie friends comment overblown

Kohli says Aussie friends comment overblown

India skipper Virat Kohli on Thursday downplayed controversial remarks about ditching Australian cricketers as friends, saying his comments were blown out of proportion and he remained on good terms with some players.
Published 31 Mar, 2017 12:00am
Hodge says sorry for Kohli comments

Hodge says sorry for Kohli comments

Former Australian international Brad Hodge Thursday apologised over suggestions firebrand Indian captain Virat Kohli pulled out of a Test match to save himself for the Indian Premier League. Hodge came under fire on the subcontinent for his conjecture abo
Published 31 Mar, 2017 12:00am
Tennis chiefs slash number of pro players

Tennis chiefs slash number of pro players

The International Tennis Federation (ITF) will restructure the lower levels of the sport in a bid to significantly reduce the number of professional players. A three-year review by the governing body of professional and junior tennis found not enough play
Published 31 Mar, 2017 12:00am
Four doping Russians snared in IOC crackdown

Four doping Russians snared in IOC crackdown

Four more Russian competitors were snared on Thursday in the International Olympic Committee's targeted drive to root out doping at the Games, the IOC said. The quartet had their doping samples from the London 2012 Olympics reanalysed - the IOC has been u
Published 31 Mar, 2017 12:00am
All regions get more slots in 2026 World Cup: FIFA plan

All regions get more slots in 2026 World Cup: FIFA plan

All football regions will see their World Cup slots increased when the tournament expands to 48 teams in 2026, with Africa the biggest winner, according to FIFA recommendations released Thursday. The plan to expand the competition beyond its current 32-te
Published 31 Mar, 2017 12:00am
US MIDDAY: gold dips

US MIDDAY: gold dips

Gold dipped on Thursday as the dollar strengthened, but losses were capped by continuing economic uncertainty around Britain's departure from the European Union and approaching French elections.
Published 31 Mar, 2017 12:00am
US MIDDAY: soyabeans down

US MIDDAY: soyabeans down

US soyabean futures fell to a five-month low on Thursday while corn and wheat weakened as traders adjusted positions ahead of US Department of Agriculture data due on Friday that was expected to show abundant supplies of each crop.
Published 31 Mar, 2017 12:00am
Gold slips in Europe

Gold slips in Europe

Gold dipped on Thursday as the dollar strengthened, but losses were capped by continuing economic uncertainty around Britain's departure from the European Union and approaching French elections. The potential for the rise of the far right in European elec
Published 31 Mar, 2017 12:00am
Gold down in Asia

Gold down in Asia

Gold prices inched down on Thursday as the dollar strengthened, but uncertainty surrounding the impact of Britain's departure from the European Union and upcoming French elections offered support. Gold is witnessing a correction after failing to break abo
Published 31 Mar, 2017 12:00am
Raw sugar falls to 10-month low

Raw sugar falls to 10-month low

Raw sugar futures on ICE dropped to a 10-month low on Thursday, extending losses below 17 cents per lb on chart-based selling after open interest jumped in the weak market, while traders eyed concern about high production in top producer Brazil.
Published 31 Mar, 2017 12:00am
Malaysian palm oil tumbles

Malaysian palm oil tumbles

Malaysian palm oil futures snapped two sessions of gains on Thursday, hitting their lowest in more than five months, dragged down by weaker-performing rival soyaoil on the Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange.
Published 31 Mar, 2017 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures ended down 1 percent on Thursday.
Published 31 Mar, 2017 12:00am
Aluminium hits highest since December 2014, copper up

Aluminium hits highest since December 2014, copper up

Aluminium climbed to its highest in 27 months on Thursday while copper hit a four-week peak as speculators resumed buying ahead of fresh economic data from top metals consumer China.
Published 31 Mar, 2017 12:00am
Shanghai copper up

Shanghai copper up

Shanghai Futures Exchange copper rose 0.4 percent to 47,460 yuan ($6,881) a tonne on Thursday in low-volume trade as the dollar held gains on brighter economic signals from the United States and traders waited for further US and China economic cues for di
Published 31 Mar, 2017 12:00am
The absence of pro-growth policies

The absence of pro-growth policies

The Lahore-based think tank, Institute of Policy Reforms, in a recently launched report concluded that the Sharif administration's economic policies do not support economic growth. Growth, it further argued, is the key to creating more jobs, providing bet
Published 31 Mar, 2017 12:00am
The rising political temperature

The rising political temperature

As if the general election is round the corner there is a sudden spurt in the country's political temperature. Or maybe the Supreme Court's upcoming verdict on the Panamagate case has begun casting a foreshadow. Of late, the leaderships of the main politi
Published 31 Mar, 2017 12:00am
Democracy versus kleptocracy

Democracy versus kleptocracy

In a tyrannical government, the ruler becomes corrupt and uses his power to further his own interests instead of working for the common good-Aristotle, The Athenian Constitution. Ruin comes when the trader, whose heart is lifted up by wealth, becomes rule
Published 31 Mar, 2017 12:00am
Bury the past, not the future
Currency

Bury the past, not the future

A Twenty four years of shared history between the eastern and western wings of Pakistan preceded the violent emergence of Bangladesh on a groundswell of hate and bitterness on 16 December 1971. Yet a little more than 2 years later when Zulfikar Ali Bhutto
Published 31 Mar, 2017 12:00am
Asian community rattled by Trump immigration policies

Asian community rattled by Trump immigration policies

The debate surrounding US President Donald Trump's immigration crackdown has focused almost entirely on the Latino community, leaving other groups affected - notably Asians - largely out of the discourse, experts say.
Published 31 Mar, 2017 12:00am
'Widening C/A deficit'
Currency

'Widening C/A deficit'

This is apropos a Business Recorder editorial "Widening C/A deficit" carried by the newspaper on Saturday. It has raised some key points that throw ample light on the state of economy. In its conclusion, however, the editorial has failed to make an
Published 31 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 31 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 31 Mar, 2017 12:00am
Oil hits three-week highs

Oil hits three-week highs

Oil prices jumped for a third day on Thursday to their highest in three weeks after Kuwait backed an extension of OPEC production cuts to reduce a global glut. Kuwait oil minister Essam al-Marzouq said his country was among several nations supporting the
Published 31 Mar, 2017 12:00am
Cotton moves higher
Cotton

Cotton moves higher

ICE cotton futures inched higher on Thursday, after settling lower for three straight sessions, ahead of the US Department of Agriculture's (USDA) prospective plantings report on Friday. "The market is waiting for the acreage report tomorrow that's probab
Published 31 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 31 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 31 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 Thursday (March 30, 2017).

Published 31 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 Thursday (March 30, 2017).

Published 31 Mar, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (March 30, 2017).
Published 31 Mar, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (March 30, 2017).

Published 31 Mar, 2017 12:00am
Pakistan beat West Indies by three runs in second T20

Pakistan beat West Indies by three runs in second T20

Pakistan beat world champions the West Indies by three runs in the second Twenty20 international at the Queen's Park Oval in Trinidad on Thursday to take a 2-0 lead in the four-game series.
Published 31 Mar, 2017 12:00am
Pakistan beat West Indies by three runs in second T20

Pakistan beat West Indies by three runs in second T20

Pakistan beat world champions the West Indies by three runs in the second Twenty20 international at the Queen's Park Oval in Trinidad on Thursday to take a 2-0 lead in the four-game series.
Published 31 Mar, 2017 12:00am
Pakistan already part of military alliance: foreign office

Pakistan already part of military alliance: foreign office

Foreign Office on Thursday confirmed that Pakistan has joined the Saudi-led 39-member Islamic Military Alliance but declined to comment on appointment of former Army Chief Generalf Raheel Sharif (retd) to lead the alliance. Foreign Office Spokesperson Naf
Published 31 Mar, 2017 12:00am
Pakistan already part of military alliance: foreign office

Pakistan already part of military alliance: foreign office

Foreign Office on Thursday confirmed that Pakistan has joined the Saudi-led 39-member Islamic Military Alliance but declined to comment on appointment of former Army Chief Generalf Raheel Sharif (retd) to lead the alliance. Foreign Office Spokesperson Naf
Published 31 Mar, 2017 12:00am
'Pakistan comes first': COAS

'Pakistan comes first': COAS

Chief of Army Staff (COAS) General Qamar Javed Bajwa Thursday said that Army shall continue to contribute towards national security. He reiterated his vision for better Pakistan where nothing takes precedence over country. "County comes first than any ind
Published 31 Mar, 2017 12:00am
'Pakistan comes first': COAS

'Pakistan comes first': COAS

Chief of Army Staff (COAS) General Qamar Javed Bajwa Thursday said that Army shall continue to contribute towards national security. He reiterated his vision for better Pakistan where nothing takes precedence over country. "County comes first than any ind
Published 31 Mar, 2017 12:00am
Selling pressure builds up

Selling pressure builds up

Pakistan Stock Exchange (PSX) witnessed another bearish session Thursday, mainly due to selling by both local and foreign investors. The benchmark KSE-100 index declined by 426.30 points and closed at 47,949.33 points.
Published 31 Mar, 2017 12:00am
Selling pressure builds up

Selling pressure builds up

Pakistan Stock Exchange (PSX) witnessed another bearish session Thursday, mainly due to selling by both local and foreign investors. The benchmark KSE-100 index declined by 426.30 points and closed at 47,949.33 points.
Published 31 Mar, 2017 12:00am
Selling pressure builds up

Selling pressure builds up

Pakistan Stock Exchange (PSX) witnessed another bearish session Thursday, mainly due to selling by both local and foreign investors. The benchmark KSE-100 index declined by 426.30 points and closed at 47,949.33 points.
Published 31 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 30, 2017).

Published 31 Mar, 2017 12:00am
BRIndex30 sheds 296.92 points

BRIndex30 sheds 296.92 points

On Thursday, BRIndex30 opened at 26,611.95 points. It touched an intraday high of 26,669.14 points and an intraday low of 26,186.44 points and closed at 26,315.03 points which was -296.92 points or -1.12 percent lower than previous close. Total volume was
Published 31 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 30, 2017).

Published 31 Mar, 2017 12:00am
BRIndex30 sheds 296.92 points

BRIndex30 sheds 296.92 points

On Thursday, BRIndex30 opened at 26,611.95 points. It touched an intraday high of 26,669.14 points and an intraday low of 26,186.44 points and closed at 26,315.03 points which was -296.92 points or -1.12 percent lower than previous close. Total volume was
Published 31 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 30, 2017).

Published 31 Mar, 2017 12:00am
Brexit wrangling begins

Brexit wrangling begins

Britain sought to downplay a row over future security ties with the EU on Thursday, as London and Brussels drew up the first battle lines at the start of their two-year divorce.
Published 31 Mar, 2017 12:00am
Brexit wrangling begins

Brexit wrangling begins

Britain sought to downplay a row over future security ties with the EU on Thursday, as London and Brussels drew up the first battle lines at the start of their two-year divorce.
Published 31 Mar, 2017 12:00am
Power generation projects: Future in the doldrums

Power generation projects: Future in the doldrums

The future of dozens of power sector generation projects is in the doldrums due to indifference of Ministry of Water and Power on issuance of tariff notifications, already determined by National Electric Power Regulatory Authority (Nepra), well informed s
Published 31 Mar, 2017 12:00am
Power generation projects: Future in the doldrums

Power generation projects: Future in the doldrums

The future of dozens of power sector generation projects is in the doldrums due to indifference of Ministry of Water and Power on issuance of tariff notifications, already determined by National Electric Power Regulatory Authority (Nepra), well informed s
Published 31 Mar, 2017 12:00am
Power generation projects: Future in the doldrums

Power generation projects: Future in the doldrums

The future of dozens of power sector generation projects is in the doldrums due to indifference of Ministry of Water and Power on issuance of tariff notifications, already determined by National Electric Power Regulatory Authority (Nepra), well informed s
Published 31 Mar, 2017 12:00am
300MW plant at Gwadar: PPIB asked to proceed for award to Chinese co

300MW plant at Gwadar: PPIB asked to proceed for award to Chinese co

The Economic Co-ordination Committee of the Cabinet (ECC) authorised Private Power and Infrastructure Board (PPIB) to proceed for award of the project to China Communication Construction Company for establishment of 300MW power plant at Gwadar.
Published 31 Mar, 2017 12:00am
300MW plant at Gwadar: PPIB asked to proceed for award to Chinese co

300MW plant at Gwadar: PPIB asked to proceed for award to Chinese co

The Economic Co-ordination Committee of the Cabinet (ECC) authorised Private Power and Infrastructure Board (PPIB) to proceed for award of the project to China Communication Construction Company for establishment of 300MW power plant at Gwadar.
Published 31 Mar, 2017 12:00am
300MW plant at Gwadar: PPIB asked to proceed for award to Chinese co

300MW plant at Gwadar: PPIB asked to proceed for award to Chinese co

The Economic Co-ordination Committee of the Cabinet (ECC) authorised Private Power and Infrastructure Board (PPIB) to proceed for award of the project to China Communication Construction Company for establishment of 300MW power plant at Gwadar.
Published 31 Mar, 2017 12:00am
Dasu hydro project: ECC likely to give approval to financing guarantee

Dasu hydro project: ECC likely to give approval to financing guarantee

The Economic Co-ordination Committee (ECC) of the Cabinet is likely to give its approval to government guarantee for the proposed commercial financing of US $350 million from the international capital market under World Bank partial credit guarantee of US
Published 31 Mar, 2017 12:00am
Dasu hydro project: ECC likely to give approval to financing guarantee

Dasu hydro project: ECC likely to give approval to financing guarantee

The Economic Co-ordination Committee (ECC) of the Cabinet is likely to give its approval to government guarantee for the proposed commercial financing of US $350 million from the international capital market under World Bank partial credit guarantee of US
Published 31 Mar, 2017 12:00am
Dasu hydro project: ECC likely to give approval to financing guarantee

Dasu hydro project: ECC likely to give approval to financing guarantee

The Economic Co-ordination Committee (ECC) of the Cabinet is likely to give its approval to government guarantee for the proposed commercial financing of US $350 million from the international capital market under World Bank partial credit guarantee of US
Published 31 Mar, 2017 12:00am
Countryin grip of unusual power load-shedding

Countryin grip of unusual power load-shedding

The country is again in the grip of unusual power load-shedding in urban and rural areas with 6-8 and 12 hours outages due to gap of 3,500 MW between demand and supply.
Published 31 Mar, 2017 12:00am
Countryin grip of unusual power load-shedding

Countryin grip of unusual power load-shedding

The country is again in the grip of unusual power load-shedding in urban and rural areas with 6-8 and 12 hours outages due to gap of 3,500 MW between demand and supply.
Published 31 Mar, 2017 12:00am
Countryin grip of unusual power load-shedding

Countryin grip of unusual power load-shedding

The country is again in the grip of unusual power load-shedding in urban and rural areas with 6-8 and 12 hours outages due to gap of 3,500 MW between demand and supply.
Published 31 Mar, 2017 12:00am
Higher growth rate: Dar jubilant

Higher growth rate: Dar jubilant

Finance Minister Ishaq Dar Thursday claimed that Pakistan will achieve new benchmark of the highest GDP growth rate of nine years in the current financial year (2016-17). This he stated while addressing at an agreement signing ceremony among Microsoft, Mi
Published 31 Mar, 2017 12:00am
Higher growth rate: Dar jubilant

Higher growth rate: Dar jubilant

Finance Minister Ishaq Dar Thursday claimed that Pakistan will achieve new benchmark of the highest GDP growth rate of nine years in the current financial year (2016-17). This he stated while addressing at an agreement signing ceremony among Microsoft, Mi
Published 31 Mar, 2017 12:00am
Higher growth rate: Dar jubilant

Higher growth rate: Dar jubilant

Finance Minister Ishaq Dar Thursday claimed that Pakistan will achieve new benchmark of the highest GDP growth rate of nine years in the current financial year (2016-17). This he stated while addressing at an agreement signing ceremony among Microsoft, Mi
Published 31 Mar, 2017 12:00am
Indian-held Kashmir: OIC body urges India to provide access to mission

Indian-held Kashmir: OIC body urges India to provide access to mission

The Independent Permanent Human Rights Commission (IPHRC) of the Organisation of Islamic Co-operation (OIC) has urged the Indian government to provide access to the Commission's fact-finding mission for independent investigation into the allegations of hu
Published 31 Mar, 2017 12:00am
Indian-held Kashmir: OIC body urges India to provide access to mission

Indian-held Kashmir: OIC body urges India to provide access to mission

The Independent Permanent Human Rights Commission (IPHRC) of the Organisation of Islamic Co-operation (OIC) has urged the Indian government to provide access to the Commission's fact-finding mission for independent investigation into the allegations of hu
Published 31 Mar, 2017 12:00am
Sharjeel gets pre-arrest bail

Sharjeel gets pre-arrest bail

The Sindh High Court (SHC) on Thursday granted pre-arrest bail to former provincial information minister Sharjeel Inam Memon in cases pertaining to Rs 5.76 billion corruption in the information department and allotment of thousand acres of land to a priva
Published 31 Mar, 2017 12:00am
Sharjeel gets pre-arrest bail

Sharjeel gets pre-arrest bail

The Sindh High Court (SHC) on Thursday granted pre-arrest bail to former provincial information minister Sharjeel Inam Memon in cases pertaining to Rs 5.76 billion corruption in the information department and allotment of thousand acres of land to a priva
Published 31 Mar, 2017 12:00am
SHC dismisses Asim's plea for release

SHC dismisses Asim's plea for release

Sindh High Court (SHC) on Thursday dismissed former petroleum minister Dr Asim Hussain's plea pertaining to his release. Justice Farooq Shah forwarded the matter to Chief Justice for further proceeding.
Published 31 Mar, 2017 12:00am
SHC dismisses Asim's plea for release

SHC dismisses Asim's plea for release

Sindh High Court (SHC) on Thursday dismissed former petroleum minister Dr Asim Hussain's plea pertaining to his release. Justice Farooq Shah forwarded the matter to Chief Justice for further proceeding.
Published 31 Mar, 2017 12:00am
US judge extends order blocking Trump travel ban

US judge extends order blocking Trump travel ban

The judge who halted President Donald Trump's revised travel ban on refugees and arrivals from six mainly Muslim countries has extended his order, dealing another blow to the White House.
Published 31 Mar, 2017 12:00am
US judge extends order blocking Trump travel ban

US judge extends order blocking Trump travel ban

The judge who halted President Donald Trump's revised travel ban on refugees and arrivals from six mainly Muslim countries has extended his order, dealing another blow to the White House.
Published 31 Mar, 2017 12:00am
Verdict on Panama Papers case very muchin sight

Verdict on Panama Papers case very muchin sight

The much-awaited verdict in Panamagate case is likely to be announced during the week commencing from April 10 (Monday), highly placed sources told Business Recorder on Thursday.
Published 31 Mar, 2017 12:00am
Verdict on Panama Papers case very muchin sight

Verdict on Panama Papers case very muchin sight

The much-awaited verdict in Panamagate case is likely to be announced during the week commencing from April 10 (Monday), highly placed sources told Business Recorder on Thursday.
Published 31 Mar, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 31 Mar, 2017 12:00am
Russian military team visits Waziristan

Russian military team visits Waziristan

Deputy Chief of General Staff, Colonel General Israkov Sergi Yuryevich headed a Russian military delegation who visited Miran Shah North Waziristan Agency and Wanna, South Waziristan Agency on Thursday.
Published 31 Mar, 2017 12:00am
Russian military team visits Waziristan

Russian military team visits Waziristan

Deputy Chief of General Staff, Colonel General Israkov Sergi Yuryevich headed a Russian military delegation who visited Miran Shah North Waziristan Agency and Wanna, South Waziristan Agency on Thursday.
Published 31 Mar, 2017 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 31 Mar, 2017 12:00am
Lawyer shot dead in Nankana Sahib

Lawyer shot dead in Nankana Sahib

A gunman on a motorcycle shot dead a lawyer in Nankana Sahib on Thursday, police said, in an attack claimed by an Islamic State-linked militant group. Malik Saleem Lateef, a relative of the 1979 Nobel Prize-winning physicist Abdus Salaam, was killed on hi
Published 31 Mar, 2017 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Mar, 2017 12:00am
Lawyer shot dead in Nankana Sahib

Lawyer shot dead in Nankana Sahib

A gunman on a motorcycle shot dead a lawyer in Nankana Sahib on Thursday, police said, in an attack claimed by an Islamic State-linked militant group. Malik Saleem Lateef, a relative of the 1979 Nobel Prize-winning physicist Abdus Salaam, was killed on hi
Published 31 Mar, 2017 12:00am
Board meetings in progress

Board meetings in progress

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

Published 31 Mar, 2017 12:00am
Eight months of FY17: Sindh given less money from divisible pool

Eight months of FY17: Sindh given less money from divisible pool

The Sindh government has received Rs252.8 billion against Rs328.8 billion from the federal divisible pool during the last eight months. Presiding over a joint meeting of P&D and finance department on Wednesday, Chief Minister Syed Murad Ali Shah directed
Published 31 Mar, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Mar, 2017 12:00am
Eight months of FY17: Sindh given less money from divisible pool

Eight months of FY17: Sindh given less money from divisible pool

The Sindh government has received Rs252.8 billion against Rs328.8 billion from the federal divisible pool during the last eight months. Presiding over a joint meeting of P&D and finance department on Wednesday, Chief Minister Syed Murad Ali Shah directed
Published 31 Mar, 2017 12:00am
Eight months of FY17: Sindh given less money from divisible pool

Eight months of FY17: Sindh given less money from divisible pool

The Sindh government has received Rs252.8 billion against Rs328.8 billion from the federal divisible pool during the last eight months. Presiding over a joint meeting of P&D and finance department on Wednesday, Chief Minister Syed Murad Ali Shah directed
Published 31 Mar, 2017 12:00am
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