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Archive - 2017-04-04
Tennis: WTA Charleston results
Sports

Tennis: WTA Charleston results

CHARLESTON: Results on Tuesday in the WTA tournament at Charleston, South Carolina (x-denotes seeded player):  
Published 04 Apr, 2017 09:58pm
Bullion Prices on Tuesday
Markets

Bullion Prices on Tuesday

KARACHI: Following were the Bullion Prices in Karachi, Hyderabad, Multan and Lahore on Tuesday. KARACHI: (per 10 gram
Published 04 Apr, 2017 02:19pm
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

 KARACHI: Karachi Stock Exchange (KSE) 100 index closed lower on Tuesday having 48088.37 points with a negative change
Published 04 Apr, 2017 11:03am
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 48323.18 with a positive change of 95.43 and volume of 30,031,7
Published 04 Apr, 2017 07:21am
NFC Negotiations
Miscellaneous

NFC Negotiations

By now it is clear that the upcoming budget will be formed on the basis of the 2010 NFC Award. There is also little
Updated 04 Apr, 2017 06:00am
On sovereign bond yields
Banking

On sovereign bond yields

The latest SBP quarterly report mentions that the PML-N government had issued sovereign bonds totaling $4.5 billion so f
Published 04 Apr, 2017 05:31am
CPI at a 30-month high
Miscellaneous

CPI at a 30-month high

The CPI is slowly but surely creeping up – having recorded a 30-month high of 4.94 percent in March 2017. It was a
Published 04 Apr, 2017 05:30am
Women on the board
Miscellaneous

Women on the board

The number of women on the corporate boards in Pakistan is still negligible; the recent news reports of 21 out of 559 (o
Published 04 Apr, 2017 05:27am
US states begin legal action on Trump energy delay

US states begin legal action on Trump energy delay

Twelve US states and municipalities on Monday announced legal action against the Trump administration over delayed or stalled enforcement of energy saving standards for various consumer and commercial products. A lawsuit was filed Friday at an appeals cou
Published 04 Apr, 2017 12:00am
Ecuador socialist wins presidency, rival cries fraud

Ecuador socialist wins presidency, rival cries fraud

Socialist Lenin Moreno on Monday celebrated victory in his bid to extend a decade of leftist rule in Ecuador but faced allegations of voting fraud from his conservative rival. Victory for the 64-year-old Moreno, a wheelchair user and political champion of
Published 04 Apr, 2017 12:00am
Q2FY17: SBP report

Q2FY17: SBP report

There is an obvious disconnect between the recently released quarterly State Bank of Pakistan's prognosis on the state of the economy and the statistical data and accompanying analysis. The report begins with the following statement: "the overall economic
Published 04 Apr, 2017 12:00am
Russians in Waziristan

Russians in Waziristan

Thursday's visit to North Waziristan by a Russian military delegation headed by that country's Deputy Chief of General Staff is an attestation of the truism 'nations have no permanent allies or enemies, only permanent interests.' Not long ago, Pakistan's
Published 04 Apr, 2017 12:00am
Congestion at ports

Congestion at ports

Drewry Maritime Research, a shipping consultancy of international acclaim, in its 2016 annual review of global container terminal operators has forecast a lacklustre average global growth of 2.7 percent per annum for the next five years for global contain
Published 04 Apr, 2017 12:00am
Disquiet over IMAFT

Disquiet over IMAFT

The government, after humming and hawing for months, has finally admitted that it is part of the Saudi-led coalition dubbed the Islamic Military Alliance to Fight Terrorism (IMAFT), with former CoAS General Raheel Sharif poised to take up the command of t
Published 04 Apr, 2017 12:00am
UN vote on Israeli settlements has changed little

UN vote on Israeli settlements has changed little

Three months after a landmark UN resolution condemning Israeli settlements, the measure has changed little on the ground and some analysts question whether it ever will. Security Council Resolution 2334, passed in December, did little to halt absolutely u
Published 04 Apr, 2017 12:00am
FDI in Pakistan

FDI in Pakistan

This is apropos "FDI in Pakistan: China now top investing country" carried by this newspaper on Sunday. According to it, Federal Minister for Planning, Development and Reform, Ahsan Iqbal has said that China has now become the top investing country in Pak
Published 04 Apr, 2017 12:00am
US MIDDAY: gold soars

US MIDDAY: gold soars

Gold rose on Monday on geopolitical worries, but was trading in a tight range in the absence of any fresh clues on US monetary policy and as the market looked to economic data later in the week for more direction. Supporting gold was geopolitical tension
Published 04 Apr, 2017 12:00am
Corn at three-week high

Corn at three-week high

US corn futures hit a three-week high on Monday while soyabeans set multi-month lows as traders continued to respond to a plantings forecast released Friday by the US Department of Agriculture, analysts said. Wheat followed corn higher, supported by commo
Published 04 Apr, 2017 12:00am
Gold rises in Europe

Gold rises in Europe

Gold prices rose on Monday despite a firmer dollar, but was trading in a tight range as the market sought more direction from key US economic data expected later in the week. Spot gold was 0.23 percent higher at $1,245.71 per ounce at 1530 GMT, trading in
Published 04 Apr, 2017 12:00am
Gold little changed in Asia

Gold little changed in Asia

Gold prices were little changed on Monday after marking their best quarter in a year, supported by uninspiring economic data from the United States and dovish remarks from a Federal Reserve official on Friday. Spot gold edged lower by 0.1 percent to $1,24
Published 04 Apr, 2017 12:00am
ICE raw sugar sinks on chart resistance, Brazil harvest

ICE raw sugar sinks on chart resistance, Brazil harvest

Raw sugar futures finished lower on Monday as a short-covering rally dried up, and arabica coffee on ICE Futures US retreated as London cocoa prices edged up from a two-week low in a day of choppy trade. May raw sugar settled down 0.22 cent, or 1.31 perce
Published 04 Apr, 2017 12:00am
Rubber flat

Rubber flat

Benchmark Tokyo rubber futures ended flat on Monday as investors stayed on the sidelines with the Shanghai futures market closed for holidays and after investors adjusted positions last week ahead of the end of the month and the end of Japan's financial y
Published 04 Apr, 2017 12:00am
Oil prices fall as Libyan production recovery weighs

Oil prices fall as Libyan production recovery weighs

Oil prices fell on Monday as a rebound in Libyan oil output weighed against upbeat economic data from Asia that pointed to strong energy demand from the region. Benchmark Brent futures for June delivery lost 41 cents, or 0.8 percent, to settle at $53.12 a
Published 04 Apr, 2017 12:00am
Aluminium holds near 28-month high, copper down
Currency

Aluminium holds near 28-month high, copper down

Aluminium held firm on Monday near the 28-month high seen last week on expectations of a tighter market, but rising prices are likely to mean producers restart capacity and fill any gap between supply and demand. Benchmark aluminium on the London Metal Ex
Published 04 Apr, 2017 12:00am
Argentine agriculture area limited by high transport costs
Currency

Argentine agriculture area limited by high transport costs

The lack of a rail system for hauling grains from Argentina's next farm frontier in the far north is costing the country millions of tonnes of soya, corn and wheat production every year, prodding the government to jump-start infrastructure projects.
Published 04 Apr, 2017 12:00am
KPT earns Rs 1.3 billion this year, Senate panel told

KPT earns Rs 1.3 billion this year, Senate panel told

Karachi Port Trust has earned Rs 1.3 billion in 2016-17 so far, while total revenue generated in 2014-15 and 2015-16 stood at Rs 1.89 billion and Rs 1.6 billion, respectively. Karachi Port Trust Chairman Vice Admiral Shafqat Jawed (Retd) informed this to
Published 04 Apr, 2017 12:00am
Appointment of new KP IG challenged

Appointment of new KP IG challenged

Islamabad High Court on Monday issued notices to Secretary Establishment Division and recently appointed Inspector General of Police (IGP) Khyber Pakhtunkhwa Salahuddin Mehsud for April 05 in response to plea of Additional IG (Headquarters) KP Police, Sye
Published 04 Apr, 2017 12:00am
Experts' stress on food fortification to combat malnutrition

Experts' stress on food fortification to combat malnutrition

Malnutrition has emerged the biggest problem than energy crisis. The country is losing three percent of gross domestic product due to malnutrition compared to energy crisis that causes 2 percent loss to GDP. It was echoed by experts at an international co
Published 04 Apr, 2017 12:00am
CSCQ delegation briefed about water and hydropower sectors

CSCQ delegation briefed about water and hydropower sectors

Additional Chief Engineer (Dams) WAPDA Shahid Hamid gave comprehensive briefing regarding water and hydropower sectors to a delegation of Command and Staff College, Quetta (CSCQ) visiting WAPDA House Monday. The delegation was led by senior instructor Col
Published 04 Apr, 2017 12:00am
Government urged not to buy wheat having more moisture

Government urged not to buy wheat having more moisture

The Pakistan Flour Mills Association (PFMA) Punjab's leadership has urged the Punjab government not to buy wheat having more moisture than prescribed limits during the procurement drive. "Probability of suffering from aflatoxin increases with consumption
Published 04 Apr, 2017 12:00am
Extension of census date ruled out

Extension of census date ruled out

Chief Statistician Asif Bajwa Monday said that there would be no extension in the date of census and it would be completed as per announced schedule of May 24, 2017. Replying to questions during a press briefing on inflation, he said those who have compla
Published 04 Apr, 2017 12:00am
'All resources being used for promotion of education'

'All resources being used for promotion of education'

Sindh Governor Muhammad Zubair on Monday said the government is making efforts for the rehabilitation of old schools as well as for the construction of new premises. Speaking at the annual dinner of the alumni of the Institute of Business Administration (
Published 04 Apr, 2017 12:00am
April 4 declared public holiday in Sindh

April 4 declared public holiday in Sindh

The Sindh government on Monday declared April 4, 2017 (Tuesday) as public holiday throughout the province of Sindh on the occasion of the 38th death anniversary of Shaheed Zulfikar Ali Bhutto, former Prime Minister of Pakistan.
Published 04 Apr, 2017 12:00am
CM insists there's no bad governance in Sindh

CM insists there's no bad governance in Sindh

Sindh Chief Minister Syed Murad Ali Shah said there was no bad governance in the province and Karachi Mayor should focus on his own work instead of decrying Sindh government for more administrative powers. "The party founder for whom Waseem Akhtar used to
Published 04 Apr, 2017 12:00am
Poet Sarfraz Shahid gets Pride of Performance Award

Poet Sarfraz Shahid gets Pride of Performance Award

President Mamnoon Hussain has conferred Pride of Performance Award on renowned humorous poet Sarfraz Shahid. Renowned Urdu poet/writer Sarfraz Shahid was conferred with the Presidential Award for the Pride of Performance in recognition of his extraordinar
Published 04 Apr, 2017 12:00am
KP CM hints at increase in salary package of officers

KP CM hints at increase in salary package of officers

Chief Minister Khyber Pakhtunkhwa Pervez Khattak hinted at an increased salary package for the officers in the province, adding he wanted increase of the salary of the officers so that they could deliver and contribute to the reformed system and instituti
Published 04 Apr, 2017 12:00am
Drip Sprinkler system being installed on 20,000 acres of land

Drip Sprinkler system being installed on 20,000 acres of land

Punjab government has evolved a strategy for introducing modern techniques for tracking agriculture sector on modern lines for making it profitable. Under the directives of Punjab Chief Minister the Agriculture Department has formulated a well-knitted thr
Published 04 Apr, 2017 12:00am
Jamaat leader condemns Sargodha shrine carnage

Jamaat leader condemns Sargodha shrine carnage

Secretary General, Jamaat-e-Islami, Liaqat Baloch has expressed deep grief over the murder of twenty people over the issue of custodianship of a shrine in a Sargodha village. He said the bloodletting in the name of religion and for personal interest was a
Published 04 Apr, 2017 12:00am
JUI-F briefs European envoys on centennial congregation

JUI-F briefs European envoys on centennial congregation

JUI-F Chief, Maulana Fazal-ur-Rehman has said the foundation of the religion of Islam is laid on the welfare of the humanity and it is not specific to any particular region, tribe, nationality and era. He expressed these views while briefing the High Comm
Published 04 Apr, 2017 12:00am
Training course for appraising, valuation officers of customs held

Training course for appraising, valuation officers of customs held

The Federal Board of Revenue (FBR) is creating a new professional workforce of appraising and valuation officers to be deputed at ports and collectorates to combat current challenges of money laundering, under-valuation, mis-declarations, smuggling and ta
Published 04 Apr, 2017 12:00am
Caravans of PPP workers leave for Garhi Khuda Bakhsh

Caravans of PPP workers leave for Garhi Khuda Bakhsh

Scattered caravans of Pakistan Peoples' Party left for Garhi Khuda Bakhsh to attend the death anniversary of Z.A. Bhutto on 4th April, today. A small group of party workers left from the area of Garhi Shahu on Monday afternoon. But still there was no majo
Published 04 Apr, 2017 12:00am
Repatriation of Afghan refugees resumes

Repatriation of Afghan refugees resumes

Pakistan resumed the repatriation of Afghan refugees on Monday, sending nearly 1,200 people back across the heavily guarded northern Torkham border, an official at the United Nation's refugee body said. Pakistan is home to the world's second largest refug
Published 04 Apr, 2017 12:00am
'Living saint' charged with killing 20 people at shrine

'Living saint' charged with killing 20 people at shrine

A man seen by devotees as a living saint has been charged with murder and terrorism after allegedly knifing and clubbing 20 worshippers to death at a Pakistani shrine, police said Monday. Police are having to bring the case against 50-year-old Abdul Wahee
Published 04 Apr, 2017 12:00am
Free service for cotton growers
Cotton

Free service for cotton growers

The Punjab Agriculture Department has decided to launch a free service for the cotton growers in which they will be provided friendly pests, PB Ropes, pest scouting, training and consultancy services. Spokesman of the dept said that a ban on sowing of cot
Published 04 Apr, 2017 12:00am
Cotton arrival figure increases by 9.87 percent
Cotton

Cotton arrival figure increases by 9.87 percent

Pakistan Cotton Ginners Association (PCGA) has issued the figures of cotton arrival up to March 31, 2017. Seed cotton (Phutti) equivalent to over 10,725,737 bales of cotton have reached ginneries across Pakistan as of March 15,2017, showing an increase of
Published 04 Apr, 2017 12:00am
Setting up of think tank suggested for CPEC's fourth phase

Setting up of think tank suggested for CPEC's fourth phase

All Punjab-based Chambers of Commerce and Industry should create a think-tank in order to redress the reservation of local industrial sector in the wake of 4th phase of China Pakistan Economic Corridor (CPEC) in which Chinese will establish their hi-tech
Published 04 Apr, 2017 12:00am
Benami accounts of beverage firm detected

Benami accounts of beverage firm detected

Directorate General of Intelligence & Investigations (IR) has detected suspicious transactions committed by a beverage dealing concern of Multan, using benami accounts to commit tax evasion and channel a huge portion of its receipts from various sources t
Published 04 Apr, 2017 12:00am
Benami accounts of beverage firm detected

Benami accounts of beverage firm detected

Directorate General of Intelligence & Investigations (IR) has detected suspicious transactions committed by a beverage dealing concern of Multan, using benami accounts to commit tax evasion and channel a huge portion of its receipts from various sources t
Published 04 Apr, 2017 12:00am
WAPDA, Communications ministry asked to amicably resolve their issues

WAPDA, Communications ministry asked to amicably resolve their issues

A Parliamentary panel on Monday directed Water and Power Development Authority (WAPDA) and Ministry of Communications to improve mutual co-ordination to amicably resolve their issues and report to the panel. These directions were given by the National Ass
Published 04 Apr, 2017 12:00am
Auto industry is optimistic about economic growth

Auto industry is optimistic about economic growth

The auto industry is optimistic about the country's economic growth in general and automobile sector in particular due to the confidence shown by all credible global institutions in the backdrop of China-Pakistan Economic Corridor (CPEC) project.
Published 04 Apr, 2017 12:00am
'Pakistan has inefficient, poorly managed irrigation system'

'Pakistan has inefficient, poorly managed irrigation system'

According to the 9th Annual Report on the State of Economy: Agriculture and Water, launched on Monday, Pakistan has large but inefficient and poorly managed irrigation system. The Report prepared by Burki Institute of Public Policy Netsol (BIPP) Chairman
Published 04 Apr, 2017 12:00am
Achievement of export target seems impossible: PTEA chairman

Achievement of export target seems impossible: PTEA chairman

Commenting over financial crisis of Textile Industry, Chairman Pakistan Textile Exporters Association (PTEA) Ajmal Farooq has said that textile exporters are badly deprived of liquidity as major portion of their working capital has been blocked in refund
Published 04 Apr, 2017 12:00am
Use of technology in Punjab accelerated prompt services to masses: PITB

Use of technology in Punjab accelerated prompt services to masses: PITB

The use of technology in education, health, law and order, judiciary, revenue, empowerment of youth and monitoring of other services in Punjab has established transparency, minimised the delays and accelerated the performance by providing prompt services
Published 04 Apr, 2017 12:00am
British Parliamentary delegation visits LCCI

British Parliamentary delegation visits LCCI

A seven-member British Parliamentary delegation, led by Nigel Paul Huddleston, on Monday visited the Lahore Chamber of Commerce and Industry (LCCI) and shown keen interest in developing trade and economic relations between the two countries. The delegatio
Published 04 Apr, 2017 12:00am
1,500 Jawans martyred combating terrorism: Khyber Pakhtunkhwa IGP

1,500 Jawans martyred combating terrorism: Khyber Pakhtunkhwa IGP

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Salah-ud-din Khan Mehsud has said that Khyber Pakhtunkhwa police has been combating terrorism for last 10 years; so far more than 1500 'Jawans' have sacrificed their precious lives in this battle, h
Published 04 Apr, 2017 12:00am
2017-18 budget proposals include suggestions for cotton policy
Cotton

2017-18 budget proposals include suggestions for cotton policy

A meeting of the Member's of Karachi Cotton Broker's Forum and Member's of Broker's Advisory Committee was held on Thursday 30th March 2017 in Karachi Cotton Exchange Building Trading hall. The meeting was chaired by Chairman Naseem Usman and it discussed
Published 04 Apr, 2017 12:00am
2017-18 budget proposals include suggestions for cotton policy
Cotton

2017-18 budget proposals include suggestions for cotton policy

A meeting of the Member's of Karachi Cotton Broker's Forum and Member's of Broker's Advisory Committee was held on Thursday 30th March 2017 in Karachi Cotton Exchange Building Trading hall. The meeting was chaired by Chairman Naseem Usman and it discussed
Published 04 Apr, 2017 12:00am
MCC recovers huge quantity of amphetamine

MCC recovers huge quantity of amphetamine

Model Customs Collectorate (MCC), Preventive on Monday claimed to have recovered substantial quantity of amphetamine, a white crystalline drug from a Pakistani passenger. According to official details, the action was taken on a tip-off, which revealed tha
Published 04 Apr, 2017 12:00am
Robbers kill security guard

Robbers kill security guard

A security guard was killed when he resisted robbers from snatching his gun in Buffer Zone area of the city late Sunday night. According to the police, three robbers on a motorbike were at a CNG station in Buffer Zone. Before looting the filling station,
Published 04 Apr, 2017 12:00am
Bhara Kahu Housing Scheme: NAB directed to share details of findings

Bhara Kahu Housing Scheme: NAB directed to share details of findings

Expressing dismay over poor performance of National Accountability Bureau (NAB) in probe of cases involving corrupt builders mafia, a parliamentary panel on Monday directed the top anti-graft body to share details of its findings about controversial Bhara
Published 04 Apr, 2017 12:00am
Modi must act as a statesman, resolve Kashmir dispute: APHC

Modi must act as a statesman, resolve Kashmir dispute: APHC

The All Parties Hurriyet Conference (APHC) on Monday urged Indian Prime Minister Narendra Modi to act as a statesman and resolve the Kashmir dispute in its historical perspective instead of taking cosmetic measures like construction of roads and tunnels i
Published 04 Apr, 2017 12:00am
Terrorism common enemy between Pakistan, Afghanistan: Sartaj

Terrorism common enemy between Pakistan, Afghanistan: Sartaj

Adviser to Prime Minister on Foreign Affairs Sartaj Aziz on Monday said that terrorism is a common enemy between Pakistan and Afghanistan. Talking to a 14-member delegation of the Afghan media in Islamabad, Sartaj Aziz urged close cooperation and meaningf
Published 04 Apr, 2017 12:00am
Constitution Day celebrations to begin on April 10

Constitution Day celebrations to begin on April 10

The Constitution Day celebrations will kick off on April 10 at the lawns in front of Monument of unsung heroes of democracy at Parliament House. The celebrations will be held to pay glowing tributes to the founders of the Constitution and all those unsung
Published 04 Apr, 2017 12:00am
Defaults of listing rules: SECP bench converts penalty into warning

Defaults of listing rules: SECP bench converts penalty into warning

An appellate bench of the Securities and Exchange Commission of Pakistan (SECP) has converted the penalty imposed on a company into warning with the directions to ensure compliance with relevant provisions of the law and listing regulations in future and
Published 04 Apr, 2017 12:00am
Provincial sales tax: MoP&NR convenes meeting today to resolve issue

Provincial sales tax: MoP&NR convenes meeting today to resolve issue

The federal government has convened an emergency meeting of all petroleum industry stakeholders on Tuesday (today) to resolve the issue of newly imposition of provincial sales tax on the services of inter-city transportation of POL products, which threate
Published 04 Apr, 2017 12:00am