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Archive - 2017-12-05
Will not save PML-N govt again: Zardari
Pakistan Top News

Will not save PML-N govt again: Zardari

ISLAMABAD: Pakistan People’s Party (PPP) Co-chairperson Asif Ali Zardari said on Tuesday that his party will not make ef
Published 05 Dec, 2017 09:08pm
Islamic Calligraphic exhibition
Featured Photos

Islamic Calligraphic exhibition

Visitors taking keen interest in Islamic Calligraphic exhibition, in Karachi on Tuesday, December 05, 2017. &nbsp
Published 05 Dec, 2017 08:15pm
Maritime Patrol Vessel
Featured Photos

Maritime Patrol Vessel

4th 600 Tons Maritime Patrol Vessel built at KS&EW for PMSA being launched in water. Copyright APP (Associat
Published 05 Dec, 2017 06:30pm
Yao costumes
Featured Photos

Yao costumes

Women make costumes of the Yao ethnic group in Babu District of Hezhou, south China's Guangxi Zhuang Autonomous Regi
Published 05 Dec, 2017 04:51pm
Reflections on the PPP at 50

Reflections on the PPP at 50

Chairman Pakistan People's Party (PPP), Bilawal Bhutto Zardari, made some politically mature, insightful and praiseworthy remarks to the media in Islamabad on December 1 on the occasion of the celebrations of the party's 50th birth anniversary. He said he
Updated 05 Dec, 2017 01:36pm
Global growth

Global growth

It is good to see that the world economy, after years of stagnation, is showing signs of revival. According to the updated forecasts of the Organisation for Economic Cooperation and Development (OECD), the world economy is expected to see growth accelerat
Updated 05 Dec, 2017 01:18pm
UK car sales extend slump
World

UK car sales extend slump

LONDON: Sales of new cars in Britain slumped for an eighth straight month in November, largely on demand for diesel
Published 05 Dec, 2017 11:39am
Changes at Ghandhara
Automobile

Changes at Ghandhara

Ghandhara Nissan (PSX: GHNL) has been in the news for the past year each time French car maker Renault was mentioned—whi
Updated 05 Dec, 2017 09:45am
PTA’s take on taxes
Telecommunication

PTA’s take on taxes

Finally, the telecoms regulator is taking a strong line on fiscal issues affecting the sector. In its latest annual repo
Published 05 Dec, 2017 06:58am
Afghan transit: extension in pact with US extended

Afghan transit: extension in pact with US extended

The federal cabinet has reportedly approved extension in pact with the US till January 31, 2018 for transit of cargoes to and from Afghanistan, well-informed sources told Business Recorder. The approval has been granted on a summary of Ministry of
Published 05 Dec, 2017 12:00am
Afghan transit: extension in pact with US extended

Afghan transit: extension in pact with US extended

The federal cabinet has reportedly approved extension in pact with the US till January 31, 2018 for transit of cargoes to and from Afghanistan, well-informed sources told Business Recorder. The approval has been granted on a summary of Ministry of
Published 05 Dec, 2017 12:00am
Afghan transit: extension in pact with US extended

Afghan transit: extension in pact with US extended

The federal cabinet has reportedly approved extension in pact with the US till January 31, 2018 for transit of cargoes to and from Afghanistan, well-informed sources told Business Recorder. The approval has been granted on a summary of Ministry of
Published 05 Dec, 2017 12:00am
There are no safe havens in Pakistan, Mattis told

There are no safe havens in Pakistan, Mattis told

Pakistan on Monday conveyed to the US that "there are no [terrorist] safe havens in the country and the entire nation is committed to eradicating terrorism once and for all in all its forms and manifestations." This was conveyed to the US Secretary of Def
Published 05 Dec, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 05 Dec, 2017 12:00am
There are no safe havens in Pakistan, Mattis told

There are no safe havens in Pakistan, Mattis told

Pakistan on Monday conveyed to the US that "there are no [terrorist] safe havens in the country and the entire nation is committed to eradicating terrorism once and for all in all its forms and manifestations." This was conveyed to the US Secretary of Def
Published 05 Dec, 2017 12:00am
Pakistan-Iran FTA draft finalized
Exchange

Pakistan-Iran FTA draft finalized

Pakistan and Iran have finalised initial draft of much-awaited Free Trade Agreement (FTA) and expeditious resolution of banking channel issues, official sources told Business Recorder. This understanding was reached during the third meeting of the
Published 05 Dec, 2017 12:00am
Pakistan-Iran FTA draft finalized
Exchange

Pakistan-Iran FTA draft finalized

Pakistan and Iran have finalised initial draft of much-awaited Free Trade Agreement (FTA) and expeditious resolution of banking channel issues, official sources told Business Recorder. This understanding was reached during the third meeting of the
Published 05 Dec, 2017 12:00am
Pakistan-Iran FTA draft finalized
Exchange

Pakistan-Iran FTA draft finalized

Pakistan and Iran have finalised initial draft of much-awaited Free Trade Agreement (FTA) and expeditious resolution of banking channel issues, official sources told Business Recorder. This understanding was reached during the third meeting of the
Published 05 Dec, 2017 12:00am
BRIndex100 increases by 6.68 points
Exchange

BRIndex100 increases by 6.68 points

Pakistan Stock Exchange on Monday witnessed mixed trend however late buying in various stocks supported the market to close in positive with minor gains with low volumes. BRIndex100 gained 6.68 points or 0.16 percent to close at 4,271.52 points. During th
Published 05 Dec, 2017 12:00am
BRIndex100 increases by 6.68 points
Exchange

BRIndex100 increases by 6.68 points

Pakistan Stock Exchange on Monday witnessed mixed trend however late buying in various stocks supported the market to close in positive with minor gains with low volumes. BRIndex100 gained 6.68 points or 0.16 percent to close at 4,271.52 points. During th
Published 05 Dec, 2017 12:00am
BRIndex100 increases by 6.68 points
Exchange

BRIndex100 increases by 6.68 points

Pakistan Stock Exchange on Monday witnessed mixed trend however late buying in various stocks supported the market to close in positive with minor gains with low volumes. BRIndex100 gained 6.68 points or 0.16 percent to close at 4,271.52 points. During th
Published 05 Dec, 2017 12:00am
FBR asked to remove tariff anomalies
Cotton

FBR asked to remove tariff anomalies

Pakistan Business Council (PBC) has proposed to the Federal Board of Revenue (FBR) to remove customs tariff anomalies and abolish full and final tax structure on the commercial importers to make local manufacturers more competitive, as final tax liability
Published 05 Dec, 2017 12:00am
FBR asked to remove tariff anomalies
Cotton

FBR asked to remove tariff anomalies

Pakistan Business Council (PBC) has proposed to the Federal Board of Revenue (FBR) to remove customs tariff anomalies and abolish full and final tax structure on the commercial importers to make local manufacturers more competitive, as final tax liability
Published 05 Dec, 2017 12:00am
THE RUPEE: rates stable
Currency

THE RUPEE: rates stable

A kind of firmness prevailed on the money market on Monday as the rupee almost sustained week-end levels against the dollar in the process of trading, dealers said. The rupee slipped by one paisa in terms of the dollar for buying and selling at Rs 105.51
Published 05 Dec, 2017 12:00am
FBR asked to remove tariff anomalies
Cotton

FBR asked to remove tariff anomalies

Pakistan Business Council (PBC) has proposed to the Federal Board of Revenue (FBR) to remove customs tariff anomalies and abolish full and final tax structure on the commercial importers to make local manufacturers more competitive, as final tax liability
Published 05 Dec, 2017 12:00am
THE RUPEE: rates stable
Currency

THE RUPEE: rates stable

A kind of firmness prevailed on the money market on Monday as the rupee almost sustained week-end levels against the dollar in the process of trading, dealers said. The rupee slipped by one paisa in terms of the dollar for buying and selling at Rs 105.51
Published 05 Dec, 2017 12:00am
Mattis meets Bajwa at GHQ

Mattis meets Bajwa at GHQ

General James Mattis. US Secretary of Defence called on Chief of Army Staff (CoAS) General Qamar Javed Bajwa at GHQ Monday. The meeting focused regional security with a particular emphasis on Afghanistan as well as other matters of mutual interest. CoAS a
Published 05 Dec, 2017 12:00am
US Patriot missiles may have failed in Saudi Arabia

US Patriot missiles may have failed in Saudi Arabia

When Shia rebels blasted a ballistic missile from Yemen toward the Saudi capital last month, Riyadh officials said they had intercepted and destroyed the incoming rocket. But in an analysis published Monday by the New York Times, an arms expert and a rese
Published 05 Dec, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 04, 2017).

Published 05 Dec, 2017 12:00am
Yemen's ex-president Saleh shot dead

Yemen's ex-president Saleh shot dead

Veteran former president Ali Abdullah Saleh was killed in a shooting on Monday after switching sides in Yemen's civil war, abandoning his Iran-aligned Houthi allies in favour of a Saudi-led coalition, foes and supporters said. Sources in the Houthi militi
Published 05 Dec, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 04, 2017).

Published 05 Dec, 2017 12:00am
Yemen's ex-president Saleh shot dead

Yemen's ex-president Saleh shot dead

Veteran former president Ali Abdullah Saleh was killed in a shooting on Monday after switching sides in Yemen's civil war, abandoning his Iran-aligned Houthi allies in favour of a Saudi-led coalition, foes and supporters said. Sources in the Houthi militi
Published 05 Dec, 2017 12:00am
Court accepts Nawaz's exemption plea

Court accepts Nawaz's exemption plea

Accountability court hearing corruption references against the Sharif family on Monday accepted former Prime Minister Nawaz Sharif's plea seeking exemption from personal appearance before the court for one week. As soon as Accountability Court Judge Muham
Published 05 Dec, 2017 12:00am
Court accepts Nawaz's exemption plea

Court accepts Nawaz's exemption plea

Accountability court hearing corruption references against the Sharif family on Monday accepted former Prime Minister Nawaz Sharif's plea seeking exemption from personal appearance before the court for one week. As soon as Accountability Court Judge Muham
Published 05 Dec, 2017 12:00am
Hussain, Hassan declared proclaimed offenders

Hussain, Hassan declared proclaimed offenders

An accountability court on Monday formally declared former Prime Minister Nawaz Sharif's both sons, Hassan Nawaz and Hussain Nawaz, as proclaimed offenders for not appearing before the court in three corruption references filed against them by National Ac
Published 05 Dec, 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 (December 04, 2017).

Published 05 Dec, 2017 12:00am
Hussain, Hassan declared proclaimed offenders

Hussain, Hassan declared proclaimed offenders

An accountability court on Monday formally declared former Prime Minister Nawaz Sharif's both sons, Hassan Nawaz and Hussain Nawaz, as proclaimed offenders for not appearing before the court in three corruption references filed against them by National Ac
Published 05 Dec, 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 (December 04, 2017).

Published 05 Dec, 2017 12:00am
Model Town report: LHC to announce verdict today

Model Town report: LHC to announce verdict today

A full bench of Lahore High Court will announce its verdict today on an appeal of Punjab government challenging the single bench order of making Model Town tragedy's report public. The bench comprising Justice Abid Aziz Sheikh, Justice Syed Shahbaz Ali Ri
Published 05 Dec, 2017 12:00am
Model Town report: LHC to announce verdict today

Model Town report: LHC to announce verdict today

A full bench of Lahore High Court will announce its verdict today on an appeal of Punjab government challenging the single bench order of making Model Town tragedy's report public. The bench comprising Justice Abid Aziz Sheikh, Justice Syed Shahbaz Ali Ri
Published 05 Dec, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (December 04, 2017)

Published 05 Dec, 2017 12:00am
Portugal's Centeno picked as new Eurogroup chief
Currency

Portugal's Centeno picked as new Eurogroup chief

Portuguese Finance Minister Mario Centeno was picked as the new head of the Eurogroup on Monday, with the key job of chaperoning much needed reforms across the single currency bloc. The little known former central banker will replace outgoing Eurogroup ch
Published 05 Dec, 2017 12:00am
Portugal's Centeno picked as new Eurogroup chief
Currency

Portugal's Centeno picked as new Eurogroup chief

Portuguese Finance Minister Mario Centeno was picked as the new head of the Eurogroup on Monday, with the key job of chaperoning much needed reforms across the single currency bloc. The little known former central banker will replace outgoing Eurogroup ch
Published 05 Dec, 2017 12:00am
Portugal''s Centeno picked as new Eurogroup chief
Currency

Portugal''s Centeno picked as new Eurogroup chief

Portuguese Finance Minister Mario Centeno was picked as the new head of the Eurogroup on Monday, with the key job of chaperoning much needed reforms across the single currency bloc. The little known former central banker will replace outgoing Eurogroup ch
Published 05 Dec, 2017 12:00am
Shashi Kapoor dies

Shashi Kapoor dies

Bollywood icon Shashi Kapoor - a star of 1970s Indian cinema and a member of the Hindi film industry's famous Kapoor family - died on Monday aged 79 after a long illness, his family said. The multiple award-winning actor died at a hospital in Mumbai on Mo
Published 05 Dec, 2017 12:00am
Shashi Kapoor dies

Shashi Kapoor dies

Bollywood icon Shashi Kapoor - a star of 1970s Indian cinema and a member of the Hindi film industry's famous Kapoor family - died on Monday aged 79 after a long illness, his family said. The multiple award-winning actor died at a hospital in Mumbai on Mo
Published 05 Dec, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (December 04, 2017).

Published 05 Dec, 2017 12:00am
Package for textile sector: recommendations to be finalised today

Package for textile sector: recommendations to be finalised today

Minister for Commerce and Textile has convened an inter-ministerial meeting on Tuesday (today) to finalise recommendations and decide a "practicable" package for the textile sector, official sources told Business Recorder. The package will be pres
Published 05 Dec, 2017 12:00am
Package for textile sector: recommendations to be finalised today

Package for textile sector: recommendations to be finalised today

Minister for Commerce and Textile has convened an inter-ministerial meeting on Tuesday (today) to finalise recommendations and decide a "practicable" package for the textile sector, official sources told Business Recorder. The package will be pres
Published 05 Dec, 2017 12:00am
Package for textile sector: recommendations to be finalised today

Package for textile sector: recommendations to be finalised today

Minister for Commerce and Textile has convened an inter-ministerial meeting on Tuesday (today) to finalise recommendations and decide a "practicable" package for the textile sector, official sources told Business Recorder. The package will be pres
Published 05 Dec, 2017 12:00am
The Weather

The Weather

The weather report on Monday (December 04, 2017) and the forecast for Tuesday (December 05, 2017).

Published 05 Dec, 2017 12:00am
'Skimming' constitutes new challenge to banks

'Skimming' constitutes new challenge to banks

'Skimming' - a new cybercrime swindling of debit cards from abroad - poses new challenges to the country's financial sector that now needs more online guards and devices to the ATM machines for safe transactions. Recently, data of some 600 debit cards has
Published 05 Dec, 2017 12:00am
'Skimming' constitutes new challenge to banks

'Skimming' constitutes new challenge to banks

'Skimming' - a new cybercrime swindling of debit cards from abroad - poses new challenges to the country's financial sector that now needs more online guards and devices to the ATM machines for safe transactions. Recently, data of some 600 debit cards has
Published 05 Dec, 2017 12:00am
''Skimming'' constitutes new challenge to banks

''Skimming'' constitutes new challenge to banks

''Skimming'' - a new cybercrime swindling of debit cards from abroad - poses new challenges to the country''s financial sector that now needs more online guards and devices to the ATM machines for safe transactions. Recently, data of some 600 debit cards
Published 05 Dec, 2017 12:00am
Okhi storm may affect Karachi, Sindh's lower parts

Okhi storm may affect Karachi, Sindh's lower parts

A severe cyclone storm 'Okhi' is likely to strike Indian Gujarat coast in the next 24 hours and may affect Karachi and other lower parts of Sindh province. At present, the Okhi that is a category I cyclone is swirling at a speed of 70 nautical miles towar
Published 05 Dec, 2017 12:00am
Okhi storm may affect Karachi, Sindh's lower parts

Okhi storm may affect Karachi, Sindh's lower parts

A severe cyclone storm 'Okhi' is likely to strike Indian Gujarat coast in the next 24 hours and may affect Karachi and other lower parts of Sindh province. At present, the Okhi that is a category I cyclone is swirling at a speed of 70 nautical miles towar
Published 05 Dec, 2017 12:00am
Capital market transactions: Remarkable achievement
Cotton

Capital market transactions: Remarkable achievement

Pakistan floated two capital market transactions, a Sukuk and a Euro Bond. Both met with remarkable successes. The two issues were over-subscribed by 2.5 times compared to the amount of $2.5 billion finally accepted, and at a weighted average price of 6.4
Published 05 Dec, 2017 12:00am
The rise of fascism

The rise of fascism

In the post-Cold War world, an old phenomenon in new guises has raised its ugly head all over again. This is the rise of the far right and even neo-Nazi parties and groups in the west. Pakistan too has experienced something similar, but ours is a local, h
Published 05 Dec, 2017 12:00am
Confusion reigns as banks scramble to price FX
Currency

Confusion reigns as banks scramble to price FX

How much are you worth? For the FX and bond analysts covering the world's biggest markets, how much to charge for their time and research remains in question just a month away from sweeping new rules that require fund managers to pay for these services.
Published 05 Dec, 2017 12:00am
Dar's legacy

Dar's legacy

This is apropos a Business Recorder op-ed "Dar's legacy" carried by the newspaper on Monday. According to the writer, "if one were to guess the education and experience of the architect of the budget for fiscal year 2017-18 then without prejudice -
Published 05 Dec, 2017 12:00am
Senate body calls for heightened security on Afghan border

Senate body calls for heightened security on Afghan border

Senate Standing Committee on Interior on Monday called for the enhancement of security measures along Pak-Afghan border. Whiling passing a unanimous resolution condemning the attack on Directorate of Agricultural Institute in Peshawar which killed 12 inno
Published 05 Dec, 2017 12:00am
PIA commences Lahore to Muscat flights

PIA commences Lahore to Muscat flights

PIA has commenced its flight operation from Lahore to Muscat and now PIA operates 11 flights per week to Muscat from Pakistan. CEO PIA, Musharraf Rasool Cyan while sharing his views on the commencement of twice a week flights from Lahore to Muscat said th
Published 05 Dec, 2017 12:00am
Fata: Jamaat demands implementation of recommendations

Fata: Jamaat demands implementation of recommendations

Jamaat-e-Islami (JI) has warned to launch a long march from Peshawar to Islamabad if the federal government doesn't implement the recommendations of Federally Administered Tribal Areas (FATA) Reforms Committee. Addressing a press conference here on Monday
Published 05 Dec, 2017 12:00am
Punjab IGP for recruiting 2,100 policemen in SPU

Punjab IGP for recruiting 2,100 policemen in SPU

Inspector General of Police (IGP) Punjab Arif Nawaz Khan has directed to recruit 2,100 police personnel in the Special Protection Unit (SPU) of the Punjab police by March, 2018, at any cost so as to provide foolproof security to foreigners working on diff
Published 05 Dec, 2017 12:00am
Nawaz invites Hashmi to rejoin PML-N

Nawaz invites Hashmi to rejoin PML-N

Former Prime Minister and President Pakistan Muslim League-Nawaz (PML-N), Nawaz Sharif Monday invited veteran politician Javed Hashmi to rejoin PML-N. The party insiders said that Hashmi held a meeting with the former prime minister here at Punjab House a
Published 05 Dec, 2017 12:00am
Bilawal, Zardari condole death of son of Shaukat Aziz

Bilawal, Zardari condole death of son of Shaukat Aziz

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari and former President of Pakistan Asif Ali Zardari have condoled the death of son of former Prime Minister of Pakistan, Shaukat Aziz. In a condolence message, both leaders expressed their deep grief an
Published 05 Dec, 2017 12:00am
China welcomes third-party participation in CPEC

China welcomes third-party participation in CPEC

China welcomes third-party participation in CPEC on the principle of equality and voluntarism, said a spokesperson for the Chinese Foreign Ministryy Geng Shuang, here on Monday He termed CPEC "an open initiative" and invited more countries to join it. Com
Published 05 Dec, 2017 12:00am
Expatriate Pakistani gets back captured plot

Expatriate Pakistani gets back captured plot

Due to the efforts of Overseas Pakistanis Commission (OPC) Punjab, an expatriate Pakistani has got back possession of his plot worth Rs 10 million. Vice Chairperson OPC, Shaheen Khalid Butt and Commissioner Afzaal Bhatti informed in this regard that Asrar
Published 05 Dec, 2017 12:00am
Electoral Reform Act 2017: LHC seeks reply from government

Electoral Reform Act 2017: LHC seeks reply from government

The Lahore High Court on Monday gave another chance to the federal government to submit its reply till December 12 in petitions challenging "Electoral Reform Act 2017" which paved way for Nawaz Sharif to head his party. Earlier, a law officer sought time
Published 05 Dec, 2017 12:00am
PPL donates dialysis unit to SIUT

PPL donates dialysis unit to SIUT

Pakistan Petroleum Limited (PPL) donated Rs 12.72 million to Sindh Institute of Urology and Transplantation (SIUT) for setting up a 10-bed Dialysis Unit at its satellite centre, Mehrunnisa Hospital (MH) located at Korangi, Karachi.
Published 05 Dec, 2017 12:00am
'UBG manifesto can resolve traders' issues'

'UBG manifesto can resolve traders' issues'

Chairman United Business Group (UBG) of FPCCI Iftekhar Ali Malik has said that UBG's manifesto is to address traders' issues and to put forward recommendations for economic reform to the government.
Published 05 Dec, 2017 12:00am
India isolated on Kashmir issue, says Foreign Office

India isolated on Kashmir issue, says Foreign Office

The unanimous passing of a Pakistan-sponsored resolution by the committee of the UN General Assembly recently over the right to self-determination for peoples who are subject to foreign occupation, is testimony to the fact that on the issue of Jammu and K
Published 05 Dec, 2017 12:00am
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