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Archive - 2017-11-20
LHC reverses President's order, revives FTO's Recommendations

LHC reverses President's order, revives FTO's Recommendations

Lahore High Court (LHC) has reversed the order of President of Pakistan and revived the Federal Tax Ombudsman (FTO) landmark recommendations that the sales tax recovery by the tax department without proving that taxpayer is involved in tax fraud is tantam
Updated 21 Nov, 2017 12:30pm
Wall St set for slight gains
Financial

Wall St set for slight gains

NEW YORK: Wall Street indexes were set to open slightly higher on Monday, as a handful of broker recommendations and mer
Published 20 Nov, 2017 10:53pm
Man injured in firing
General News

Man injured in firing

QUETTA: A man was injured in firing by armed men here Monday. According to details armed men opened fire and injured Ata
Published 20 Nov, 2017 10:04pm
21 killed in road mishap
General News

21 killed in road mishap

KHAIRPUR: At least 21 people were killed while three sustained injuries in a road accident when a truck collided with a
Published 20 Nov, 2017 10:54pm
Improving lube dynamics?
Oil and Gas

Improving lube dynamics?

Amid rising petroleum sales, an evident trend has been the increase in retail fuel segment by the oil marketing companie
Updated 20 Nov, 2017 02:15pm
Chinese envoy ends N.Korea trip
World Top News

Chinese envoy ends N.Korea trip

BEIJING: A Chinese special envoy on Monday ended a four-day trip to North Korea during which the two sides discussed reg
Published 20 Nov, 2017 02:04pm
Balochistan: Is Islamabad still clueless?

Balochistan: Is Islamabad still clueless?

What is happening in Balochistan when the number of people killed in terrorist attacks in the country had fallen to 995 last year, a reduction of 12 percent? This question has found a new legitimacy after the recent spate of killings in various parts of t
Updated 20 Nov, 2017 11:52am
Of egos and Dar
Miscellaneous

Of egos and Dar

Panama Papers, no worries. Indicted by NAB, bring it on. Non-bailable arrest warrants, I don’t care. Properties freeze,
Updated 20 Nov, 2017 11:17am
The prospects of 'upcoming' MMA

The prospects of 'upcoming' MMA

This is apropos a Business Recorder editorial "Revival of MMA" carried by the newspaper yesterday. It argued, among other things, "the coming together of these natural allies under the banner of MMA may help them to improve on that performance by preventi
Updated 20 Nov, 2017 11:13am
Chaos in capital
Miscellaneous

Chaos in capital

Pakistan is a nuclear power that often finds its capital under siege. Whether the protest is by disaffected politicians
Updated 20 Nov, 2017 09:04am
No surprises at the PSX
Stocks

No surprises at the PSX

At the PSX, the story hasn’t changed. At the start of this month, this column said it expected the benchmark index to ex
Updated 20 Nov, 2017 08:14am
Country music legend Mel Tillis dead at 85

Country music legend Mel Tillis dead at 85

Country Music Hall of Famer Mel Tillis, known for songs such as "I Ain't Never" and "Coca-Cola Cowboy," died early Sunday aged 85, his publicist confirmed. The country legend died of suspected respiratory failure at the Munroe Regional Medical Center in O
Published 20 Nov, 2017 12:00am
'Discriminatory' Turkish duty on PET behind export decline
Cotton

'Discriminatory' Turkish duty on PET behind export decline

Turkey has been accused of inflicting a $ 4-5 billion financial loss on Pakistan since 2011 by imposing a "discriminatory" duty on Pakistani Polyethylene Terephthalate (PET). According to sources, Pakistan's exports to Turkey have nosedived from above $ 1
Published 20 Nov, 2017 12:00am
'Discriminatory' Turkish duty on PET behind export decline
Cotton

'Discriminatory' Turkish duty on PET behind export decline

Turkey has been accused of inflicting a $ 4-5 billion financial loss on Pakistan since 2011 by imposing a "discriminatory" duty on Pakistani Polyethylene Terephthalate (PET). According to sources, Pakistan's exports to Turkey have nosedived from above $ 1
Published 20 Nov, 2017 12:00am
''Discriminatory'' Turkish duty on PET behind export decline
Cotton

''Discriminatory'' Turkish duty on PET behind export decline

Turkey has been accused of inflicting a $ 4-5 billion financial loss on Pakistan since 2011 by imposing a "discriminatory" duty on Pakistani Polyethylene Terephthalate (PET). According to sources, Pakistan''s exports to Turkey have nosedived from above $
Published 20 Nov, 2017 12:00am
Nawaz displays growing belligerence against judiciary

Nawaz displays growing belligerence against judiciary

In his first public address after his indictment in corruption references, former prime minister Nawaz Sharif once again criticised the Supreme Court's decision to disqualify him for not being honest with the nation. "This jalsa (public gathering) is a re
Published 20 Nov, 2017 12:00am
Nawaz displays growing belligerence against judiciary

Nawaz displays growing belligerence against judiciary

In his first public address after his indictment in corruption references, former prime minister Nawaz Sharif once again criticised the Supreme Court's decision to disqualify him for not being honest with the nation. "This jalsa (public gathering) is a re
Published 20 Nov, 2017 12:00am
TLYRA's sit-in: government convenes clerics' meeting today

TLYRA's sit-in: government convenes clerics' meeting today

Federal Interior Minister Ahsan Iqbal has convened a meeting of religious clerics today (Monday) to find out a peaceful way to end 14-day-long sit-in by Tehreek-e-Labbaik Ya Rasool Allah Pakistan and Sunni Tehreek as a deadlock persists between the govern
Published 20 Nov, 2017 12:00am
TLYRA's sit-in: government convenes clerics' meeting today

TLYRA's sit-in: government convenes clerics' meeting today

Federal Interior Minister Ahsan Iqbal has convened a meeting of religious clerics today (Monday) to find out a peaceful way to end 14-day-long sit-in by Tehreek-e-Labbaik Ya Rasool Allah Pakistan and Sunni Tehreek as a deadlock persists between the govern
Published 20 Nov, 2017 12:00am
Mugabe defies resignation expectations

Mugabe defies resignation expectations

Zimbabwean President Robert Mugabe, in a much-expected TV address Sunday, stressed he was still in power after his authoritarian 37-year reign was rocked by a military takeover. "The (ruling ZANU-PF) party congress is due in a few weeks and I will preside
Published 20 Nov, 2017 12:00am
Mugabe defies resignation expectations

Mugabe defies resignation expectations

Zimbabwean President Robert Mugabe, in a much-expected TV address Sunday, stressed he was still in power after his authoritarian 37-year reign was rocked by a military takeover. "The (ruling ZANU-PF) party congress is due in a few weeks and I will preside
Published 20 Nov, 2017 12:00am
Lacklustre activity witnessed
Mutual Funds

Lacklustre activity witnessed

Pakistan Stock Exchange remained under pressure during the outgoing week ended on November 17, 2017. BRIndex100 lost 73.44 points on week-on-week basis to close at 4,363.65 points from last week's closing of 4,437.09 points. Average daily volumes stood at
Published 20 Nov, 2017 12:00am
Lacklustre activity witnessed
Mutual Funds

Lacklustre activity witnessed

Pakistan Stock Exchange remained under pressure during the outgoing week ended on November 17, 2017. BRIndex100 lost 73.44 points on week-on-week basis to close at 4,363.65 points from last week's closing of 4,437.09 points. Average daily volumes stood at
Published 20 Nov, 2017 12:00am
Lacklustre activity witnessed
Mutual Funds

Lacklustre activity witnessed

Pakistan Stock Exchange remained under pressure during the outgoing week ended on November 17, 2017. BRIndex100 lost 73.44 points on week-on-week basis to close at 4,363.65 points from last week''s closing of 4,437.09 points. Average daily volumes stood a
Published 20 Nov, 2017 12:00am
Future spreads up by 256 bps

Future spreads up by 256 bps

The future spreads increased by 256bps to 8.26 percent on the last day of the outgoing week. Trading activities on the future counter remained thin as average daily volumes decreased by 7.0 percent to 28.19 million shares. Average daily trading value decl
Published 20 Nov, 2017 12:00am
Future spreads up by 256 bps

Future spreads up by 256 bps

The future spreads increased by 256bps to 8.26 percent on the last day of the outgoing week. Trading activities on the future counter remained thin as average daily volumes decreased by 7.0 percent to 28.19 million shares. Average daily trading value decl
Published 20 Nov, 2017 12:00am
Future spreads up by 256 bps

Future spreads up by 256 bps

The future spreads increased by 256bps to 8.26 percent on the last day of the outgoing week. Trading activities on the future counter remained thin as average daily volumes decreased by 7.0 percent to 28.19 million shares. Average daily trading value decl
Published 20 Nov, 2017 12:00am
US nuclear commander would resist 'illegal' order for strike

US nuclear commander would resist 'illegal' order for strike

The general in command of US nuclear forces said Saturday that he would resist any "illegal" presidential order for a strike and work to find an alternative. President Donald Trump's history of unpredictable and volatile behavior has raised concerns that
Published 20 Nov, 2017 12:00am
US nuclear commander would resist 'illegal' order for strike

US nuclear commander would resist 'illegal' order for strike

The general in command of US nuclear forces said Saturday that he would resist any "illegal" presidential order for a strike and work to find an alternative. President Donald Trump's history of unpredictable and volatile behavior has raised concerns that
Published 20 Nov, 2017 12:00am
Eid Milad-un-Nabi on December 1

Eid Milad-un-Nabi on December 1

The Central Ruet-e-Hilal Committee (CRHC) announced on Sunday that the crescent for the month of Rabi-ul-Awwal has been sighted in several parts of Pakistan, according to Aaj News. The first Rabi-ul-Awwal will be on Monday, November 20, 2017 while 12 Rabi
Published 20 Nov, 2017 12:00am
Eid Milad-un-Nabi on December 1

Eid Milad-un-Nabi on December 1

The Central Ruet-e-Hilal Committee (CRHC) announced on Sunday that the crescent for the month of Rabi-ul-Awwal has been sighted in several parts of Pakistan, according to Aaj News. The first Rabi-ul-Awwal will be on Monday, November 20, 2017 while 12 Rabi
Published 20 Nov, 2017 12:00am
China's army to deepen cooperation
Exchange

China's army to deepen cooperation

Chief of General Staff Lieutenant-General Bilal Akbar met Li Zuocheng, member of the Central Military Commission and chief of staff of the Joint Military Staff Office of the Central Military Commission, at the Bayi Military Building in Beijing on Saturday
Published 20 Nov, 2017 12:00am
China's army to deepen cooperation
Exchange

China's army to deepen cooperation

Chief of General Staff Lieutenant-General Bilal Akbar met Li Zuocheng, member of the Central Military Commission and chief of staff of the Joint Military Staff Office of the Central Military Commission, at the Bayi Military Building in Beijing on Saturday
Published 20 Nov, 2017 12:00am
Balochistan killings: CJP takes suo motu notice

Balochistan killings: CJP takes suo motu notice

The Chief Justice of Pakistan Justice Mian Saqib Nisar has taken suo motu notice on the incident of killing of 20 people in Balochistan whose bullet riddled dead bodies were found in areas of Turbat, Kech District of Balochistan. These persons hailed from
Published 20 Nov, 2017 12:00am
Balochistan killings: CJP takes suo motu notice

Balochistan killings: CJP takes suo motu notice

The Chief Justice of Pakistan Justice Mian Saqib Nisar has taken suo motu notice on the incident of killing of 20 people in Balochistan whose bullet riddled dead bodies were found in areas of Turbat, Kech District of Balochistan. These persons hailed from
Published 20 Nov, 2017 12:00am
LEAs launch search operation in Quetta's Pashtunabad

LEAs launch search operation in Quetta's Pashtunabad

Police and Frontier Corps (FC) were conducting an operation with the help of locals and notables to ensure zero terrorist presence in the city's Pashtunabad area, Deputy Inspector General Abdur Razzaq Cheema said on Sunday. In a media briefing, FC Sector
Published 20 Nov, 2017 12:00am
LEAs launch search operation in Quetta's Pashtunabad

LEAs launch search operation in Quetta's Pashtunabad

Police and Frontier Corps (FC) were conducting an operation with the help of locals and notables to ensure zero terrorist presence in the city's Pashtunabad area, Deputy Inspector General Abdur Razzaq Cheema said on Sunday. In a media briefing, FC Sector
Published 20 Nov, 2017 12:00am
Stormy weather complicates search for missing Argentine submarine

Stormy weather complicates search for missing Argentine submarine

A storm on Sunday complicated the search for an Argentine navy submarine missing in the South Atlantic, as authorities worked to verify that recent satellite calls, which raised hopes of finding the 44 crew members alive, came from the vessel. U.S. airpla
Published 20 Nov, 2017 12:00am
Saudi Arabia, Arab allies accuse Iran and Hezbollah of interference

Saudi Arabia, Arab allies accuse Iran and Hezbollah of interference

Saudi Arabia and other Arab foreign ministers criticised Iran and its Lebanese Shia ally Hezbollah at an emergency meeting in Cairo on Sunday, warning they would not stand by in the face of Iranian interference in Arab affairs. Regional tensions have rise
Published 20 Nov, 2017 12:00am
Saudi Arabia, Arab allies accuse Iran and Hezbollah of interference

Saudi Arabia, Arab allies accuse Iran and Hezbollah of interference

Saudi Arabia and other Arab foreign ministers criticised Iran and its Lebanese Shia ally Hezbollah at an emergency meeting in Cairo on Sunday, warning they would not stand by in the face of Iranian interference in Arab affairs. Regional tensions have rise
Published 20 Nov, 2017 12:00am
Establishment accused of stepping up contacts

Establishment accused of stepping up contacts

The powerful establishment has been accused of stepping up contacts with pro-establishment politicians. Politicians belonging to different political parties told Business Recorder that the establishment is in contact with several pro-establishment
Published 20 Nov, 2017 12:00am
Establishment accused of stepping up contacts

Establishment accused of stepping up contacts

The powerful establishment has been accused of stepping up contacts with pro-establishment politicians. Politicians belonging to different political parties told Business Recorder that the establishment is in contact with several pro-establishment
Published 20 Nov, 2017 12:00am
Release of Bhansali's film about Rani Padmavati delayed after protests

Release of Bhansali's film about Rani Padmavati delayed after protests

The producers of "Padmavati" - a Bollywood movie based on an epic poem about a Rajput queen, said on Sunday they had indefinitely delayed the release of the film, which has been accused of distorting history and has sparked protests. The movie, which was
Published 20 Nov, 2017 12:00am
Release of Bhansali's film about Rani Padmavati delayed after protests

Release of Bhansali's film about Rani Padmavati delayed after protests

The producers of "Padmavati" - a Bollywood movie based on an epic poem about a Rajput queen, said on Sunday they had indefinitely delayed the release of the film, which has been accused of distorting history and has sparked protests. The movie, which was
Published 20 Nov, 2017 12:00am
France to 'prevent' Muslim street prayers

France to 'prevent' Muslim street prayers

French authorities will stop Muslims from praying in a street north of Paris, the country's interior minister said Sunday, after a series of protests by lawmakers and locals over what they view as an unacceptable use of public space.
Published 20 Nov, 2017 12:00am
France to 'prevent' Muslim street prayers

France to 'prevent' Muslim street prayers

French authorities will stop Muslims from praying in a street north of Paris, the country's interior minister said Sunday, after a series of protests by lawmakers and locals over what they view as an unacceptable use of public space.
Published 20 Nov, 2017 12:00am
Bangladesh says it's in talks with Myanmar on Rohingya repatriation deal

Bangladesh says it's in talks with Myanmar on Rohingya repatriation deal

Bangladesh is in negotiations with Myanmar aimed at a deal to repatriate displaced Rohingya and Dhaka's foreign minister will address the matter at talks in Myanmar this week, the Bangladeshi foreign ministry said on Sunday. More than 600,000 Muslim Rohin
Published 20 Nov, 2017 12:00am
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