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Archive - 2017-12-07
Schedule announced for PSL3
Cricket

Schedule announced for PSL3

  Pakistan Cricket Board (PCB) announced on Thursday the schedule of Pakistan Super League (PSL) third edi
Updated 17 Feb, 2018 12:38pm
Ballon d'Or 2017 top 30
Football

Ballon d'Or 2017 top 30

PARIS: The final rankings of the 30 nominees for the 2017 Ballon d'Or, which was won by Cristiano Ronaldo on Thursday:
Published 07 Dec, 2017 09:00pm
22 drown as boat capsizes near Thatta
Pakistan Top News

22 drown as boat capsizes near Thatta

THATTA: At least 22 people including women and children drowned and more than 60 others were rescued when a boat capsize
Updated 07 Dec, 2017 07:32pm
Waseem meets London mayor
Pakistan Top News

Waseem meets London mayor

ISLAMABAD: Mayor London Sadiq Khan met with Mayor Karachi Waseem Akhtar at British High Commission Islamabad on Thursday
Published 07 Dec, 2017 11:00pm
BISP achieves all targets
General News

BISP achieves all targets

ISLAMABAD: Secretary Benazir Income Support Programme (BISP), Omar Hamid Khan Thursday said due to the government’s
Published 07 Dec, 2017 04:54pm
Global oil situation
Exchange

Global oil situation

Opec and non-Opec producers led by Russia agreed on 30th November, 2017 to extend oil output cuts until the end of 2018 as they try to eliminate a global glut of crude while signalling that they could exit the deal earlier if the market overheats. The pro
Updated 07 Dec, 2017 12:19pm
Salt industry reaches verge of collapse: SCCI chief

Salt industry reaches verge of collapse: SCCI chief

The salt industry, which was exporting 250 containers every month, has now reached the verge of collapse as a number of factories have suspended their operations. Sargodha Chamber of Commerce and Industry (SCCI) President, Sheikh Naveed, who was leading a
Published 07 Dec, 2017 12:00am
Abbasi approves proposal for Capital Mass Transit Authority

Abbasi approves proposal for Capital Mass Transit Authority

Prime Minister Shahid Khaqan Abbasi today approved, in principle, a proposal for the establishment for Capital Mass Transit Authority for the purpose of planning, operation and maintenance of Metro Bus Service that would ply between the new Islamabad Inte
Published 07 Dec, 2017 12:00am
Polyester grey fabrics: DGCV revises customs values

Polyester grey fabrics: DGCV revises customs values

Directorate General Customs Valuation (DGCV) has revised the customs values of Polyester Grey Fabrics under section 25(7) of the Customs Act, 1969. According to details, the customs values of Polyester Grey Fabrics were earlier determined in November, 201
Published 07 Dec, 2017 12:00am
Top defence official meets Iranian envoy

Top defence official meets Iranian envoy

Minister for Defence Production, Rana Tanveer Hussain said on Wednesday that Pakistan is in a phase of development after going through a crucial phase of fighting terrorism with rewarding outcome. Hussain said this during a meeting with Iranian Ambassador
Published 07 Dec, 2017 12:00am
MTBs auction: government mops up Rs 602 billion

MTBs auction: government mops up Rs 602 billion

The federal government Wednesday raised Rs 602 billion through auction for Market Treasury Bills (MTBs). The State Bank of Pakistan (SBP), on December 6, 2017, conducted the auction for the sale of 3-month, 6-month and 12-month T-bills. Overall, the recei
Published 07 Dec, 2017 12:00am
MTBs auction: government mops up Rs 602 billion

MTBs auction: government mops up Rs 602 billion

The federal government Wednesday raised Rs 602 billion through auction for Market Treasury Bills (MTBs). The State Bank of Pakistan (SBP), on December 6, 2017, conducted the auction for the sale of 3-month, 6-month and 12-month T-bills. Overall, the recei
Published 07 Dec, 2017 12:00am
LHC reserves verdict in CIA complex case

LHC reserves verdict in CIA complex case

The Lahore High Court on Wednesday reserved its verdict in a petition challenging construction of a multi-storey CIA complex in residential area of Old Anarkali. The residents of Anarkali Khurshid Alam, Mehboob Munawar and others through their counsel sai
Published 07 Dec, 2017 12:00am
SBP launches 'Asaan Remittance Account'

SBP launches 'Asaan Remittance Account'

With a view to promoting home remittances through legal channel and enhance the outreach of basic financial services to unbanked or underserved segment of the population, the State Bank of Pakistan (SBP) has launched "Asaan Remittance Account" for prospec
Published 07 Dec, 2017 12:00am
CDWP refers mega project for power to ECNEC for approval

CDWP refers mega project for power to ECNEC for approval

Instead of giving approval, the Central Development Working Party (CDWP) headed by Deputy Chairman, Planning Commission Sartaj Aziz, has referred Punjab government's mega power project of 1230 MW 'RLNG Power Plant' near Trimmu barrage district, Jhang to t
Published 07 Dec, 2017 12:00am
KPRA generates Rs 34 billion in tax collection since 2013: DG

KPRA generates Rs 34 billion in tax collection since 2013: DG

Khyber PakhtunKhwa Revenue Authority (KPRA) has generated Rs 34 billion in tax collections ie 56 percent of provincial tax revenue since its inception in 2013. These views were stated by the Director General KPRA Tahir Aurakzai during a multi stakeholder'
Published 07 Dec, 2017 12:00am
Aga Khan arriving today for his Diamond Jubilee

Aga Khan arriving today for his Diamond Jubilee

His Highness Prince Karim Aga Khan, spiritual leader of the Shia Ismaili Muslims, is scheduled to arrive in Islamabad on Thursday 7th December for an official visit to the country, at the invitation of the Government of Pakistan, President Mamnoon Hussain
Published 07 Dec, 2017 12:00am
Siraj-ul-Haq denounces Trump's move on Jerusalem

Siraj-ul-Haq denounces Trump's move on Jerusalem

JI Chief, Senator, Siraj-ul-Haq on Wednesday denounced US President Donald Trump for his 'designs' to recognize Jerusalem as Israel's capital. At present, Tel Aviv serves as capital of illegitimate Israel, which it is shifting to the disputed Jerusalem wi
Published 07 Dec, 2017 12:00am
FBL signs BancaTakaful agreement with Jubilee Life

FBL signs BancaTakaful agreement with Jubilee Life

Faysal Bank Limited (FBL), one of the leading banks in Pakistan, has signed a BancaTakaful distribution agreement with Jubilee Life Insurance Company Ltd. Window Takaful Operations (JLI-WTO) for sales of their Shariah compliant Takaful products through it
Published 07 Dec, 2017 12:00am
Cold and dry weather today

Cold and dry weather today

The Met Office on Wednesday forecast mainly cold and dry weather for the most parts of the country. Temperature in Quetta and Kalat was minus 10 degrees Celsius that also triggered cold waves in Karachi and other parts of the country over the past 24 hour
Published 07 Dec, 2017 12:00am
Christian employees Sindh government to pay salaries on December 19

Christian employees Sindh government to pay salaries on December 19

The government of Sindh has decided that full pay and allowances/full pension for the month of December 2017 shall be paid in advance to all Christian employees/pensioners of the provincial government (including work-charged and contingent paid establishm
Published 07 Dec, 2017 12:00am
Supreme Court says Sindh's water is being deliberately contaminated

Supreme Court says Sindh's water is being deliberately contaminated

Human waste is purposefully being added to water, observed Chief Justice Saqib Nisar during Wednesday's hearing of the water pollution case. In July, a report submitted to the Supreme Court stated that 90 per cent of drinking water samples collected from
Published 07 Dec, 2017 12:00am
Meeting of USAID-funded MCHIP held in Dadu

Meeting of USAID-funded MCHIP held in Dadu

The Maternal, Newborn and Child Health (MNCH) Services Component of USAID/Pakistan's Maternal and Child Health (MCH) Programme also known as the Maternal and Child Health Integrated Programme (MCHIP) led by Jhpiego and implemented by international, local
Published 07 Dec, 2017 12:00am
Football bladders: SBP withdraws 100 percent cash margin condition

Football bladders: SBP withdraws 100 percent cash margin condition

The State Bank of Pakistan (SBP) Wednesday announced withdrawal of 100 percent cash margin condition on football bladders. According to BPRD Circular Letter No. 33 of 2017, issued on December 6, 2017, it has been decided to waive the condition of 100 perc
Published 07 Dec, 2017 12:00am
Dr Imran murder case: ATC issues Altaf Hussain's arrest warrants

Dr Imran murder case: ATC issues Altaf Hussain's arrest warrants

An Anti-Terrorism Court (ATC) issued non-bailable arrest warrants for Muttahida Qaumi Movement (MQM) founder Altaf Hussain during a hearing of MQM leader Dr Imran Farooq's murder case in Adiala Jail on Wednesday. ATC judge Shahrukh Arjumand, who heard the
Published 07 Dec, 2017 12:00am
SC seeks NAB response in Sharjeel's bail plea

SC seeks NAB response in Sharjeel's bail plea

The Supreme Court on Wednesday issued notice to the National Accountability Bureau (NAB) on a petition of former Sindh information minister Sharjeel Memon seeking his release on bail in a case pertaining to the corruption of Rs 5.76 billion in the provinc
Published 07 Dec, 2017 12:00am
US CG provides Balochistan Police with six APVs

US CG provides Balochistan Police with six APVs

The US Consul General Grace Shelton officially handed over six armoured personnel vehicles (APVs) worth 150 million rupee ($1.5 million USD) to the Balochistan police officials at an event in Karachi on Wednesday. The vehicles were built by the American c
Published 07 Dec, 2017 12:00am
IBI's July-September profit posts 44 percent growth

IBI's July-September profit posts 44 percent growth

Profit before tax of Islamic banking industry (IBI) posted a notable growth of 44 percent during the quarter (July to Sep, 2017) compared to previous quarter. According to Islamic Banking Bulletin for (July-Sep quarter) issued by State Bank of Pakistan (S
Published 07 Dec, 2017 12:00am
Nawaz Sharif says vengeful accountability hurting Pakistan's image

Nawaz Sharif says vengeful accountability hurting Pakistan's image

Ousted premier and president of Pakistan Muslim League-Nawaz (PML-N), while lashing out at the NAB references against him, said that the revengeful accountability is damaging Pakistan. Nawaz Sharif, who reached London along with his daughter Maryam Nawaz
Published 07 Dec, 2017 12:00am
Agha Steel awarded highest corporate rating

Agha Steel awarded highest corporate rating

JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial entity ratings of 'A/A-1' (Single A/A-One) to Agha Steel Industries (ASI). Outlook on the assigned ratings is 'Stable'. Agha Steel is amongst the top-tier players in the long steel secto
Published 07 Dec, 2017 12:00am
SBP to publish comprehensive data of MFBs in QC

SBP to publish comprehensive data of MFBs in QC

The State Bank of Pakistan (SBP) has announced to enhance the Quarterly Compendium by providing detailed coverage on performance and soundness of Microfinance Banks (MFBs). Considering the growing importance of financial inclusion and role of the MFBs the
Published 07 Dec, 2017 12:00am
Cement industry capacity utilisation shoots up to 94 percent

Cement industry capacity utilisation shoots up to 94 percent

Capacity utilization of the cement industry of Pakistan touched 94.65 percent during the first five months of the financial year 2017-18 while the industry dispatched 2.261 million tons more cement in the first five months of this fiscal, which is 13.91 p
Published 07 Dec, 2017 12:00am
Victims of Model Town massacre stage protest

Victims of Model Town massacre stage protest

The victims of Model Town massacre staged protest in front of the Civil Secretariat. These protesters, including those from outside the Lahore city, said they had serious objections to the Justice Baqir Najfi report. Some important paragraphs have been de
Published 07 Dec, 2017 12:00am
Model Town tragedy: Shujaat assures support to meet justice

Model Town tragedy: Shujaat assures support to meet justice

Pakistan Muslim League-Q (PML-Q) president Chaudhry Shujaat Hussain Wednesday made a telephonic contact with the Pakistan Awami Tehrik (PAT) chief Dr Tahirul Qadri and assured all out support to meet the ends of justice in Model Town tragedy.
Published 07 Dec, 2017 12:00am
'China to operate OLMT project for five years'

'China to operate OLMT project for five years'

The Chinese staff will control and supervise the functioning of the Orange Line Metro Train's system for five years, which will start operating for the convenience of more than 250,000 commuters daily in the provincial metropolis. Khawaja Ahmad Hassan, Ch
Published 07 Dec, 2017 12:00am
National Voters' Day being marked today

National Voters' Day being marked today

With a view to raise awareness in public about the importance of vote and voters, National Voters' Day is being marked on Thursday (today). To mark the day, main ceremony will be held in the federal capital which will be attended by Chief Election Commiss
Published 07 Dec, 2017 12:00am
UK business delegation accompanied by London Mayor

UK business delegation accompanied by London Mayor

Mayor of London Sadiq Khan has said he has brought a delegation of businessmen from UK to interact with Pakistani entrepreneurs. In his interaction with Pakistani audience at the Al-Hamra Hall, here on Wednesday, he said he has visited India and Pakistan
Published 07 Dec, 2017 12:00am
Punjab described as ideal destination for investment

Punjab described as ideal destination for investment

Hannes Huckebrink - ibvogt GmbH (Germany), Country Head for Pakistan and Bangladesh - has said that Punjab is proving to be an ideal destination to invest because of its vibrant middle class and hardworking workforce. During a visit to the Punjab Board of
Published 07 Dec, 2017 12:00am
International moot on public health research kicks off at GCU

International moot on public health research kicks off at GCU

A two-day international conference on "Innovative Biological and Public Health Research (IBPHR-2017)" on Wednesday began at the GC University Lahore under the auspices of its Zoology Department, Higher Education Commission, Punjab Agriculture and Research
Published 07 Dec, 2017 12:00am
National electricity plan being devised: minister

National electricity plan being devised: minister

Federal Minister for Power Division Sardar Awais Ahmed Khan Leghari said on Wednesday that national electricity plan is being devised to facilitate consumers who would be able to select the company of their own choice to get electricity.
Published 07 Dec, 2017 12:00am
Sherry Rehman concerned over US embassy's moving to Jerusalem

Sherry Rehman concerned over US embassy's moving to Jerusalem

Vice-President PPP, Senator Sherry Rehman voiced concern over the possible decision by the Trump administration to move the US Embassy in Israel to Jerusalem. Rehman said, "If the Trump administration moves the US embassy to Jerusalem it will send a costl
Published 07 Dec, 2017 12:00am
PCP Lahore seeks bailout package for employees

PCP Lahore seeks bailout package for employees

Printing Corporation of Pakistan (PCP) Lahore has sought bailout package of Rs 637 million to pay salaries and pension to its employees. A letter has been written to the government saying that the PCP is facing bankruptcy and a bailout package is immediat
Published 07 Dec, 2017 12:00am
China wants to help Pakistan become an industrial economy: Ashan Iqbal

China wants to help Pakistan become an industrial economy: Ashan Iqbal

Federal Minister for Interior, Planning, Development and Reforms Ahsan Iqbal said on Monday that the ruling government would create a globally competitive cluster of agro-chemical industry in Pakistan with the assistance of Chinese government. "Our Chines
Published 07 Dec, 2017 12:00am
Moscow accuses US of seeking to recruit Russian journalists

Moscow accuses US of seeking to recruit Russian journalists

Russia on Wednesday accused US intelligence of seeking to recruit Russian journalists working in the country, after Washington and Moscow passed laws labelling each other's media "foreign agents". "Recently Russian journalists, including those in the Unit
Published 07 Dec, 2017 12:00am
France's king of rock Johnny Hallyday dies

France's king of rock Johnny Hallyday dies

French music icon Johnny Hallyday died Wednesday aged 74 after a battle with lung cancer, plunging the country into mourning for a national treasure whose rock 'n' roll entertained three generations. The leather-clad would-be Elvis broke from France's cla
Published 07 Dec, 2017 12:00am
China slams Australia amid growing foreign interference fears

China slams Australia amid growing foreign interference fears

Beijing accused Australia Wednesday of stirring "anti-China hysteria" after Canberra proposed a suite of foreign interference laws, labelling comments by some government officials as irresponsible. Prime Minister Malcom Turnbull on Tuesday announced wide-
Published 07 Dec, 2017 12:00am
At Nato, angry Tillerson denies quit rumours

At Nato, angry Tillerson denies quit rumours

Representing the United States at a meeting of Nato allies Wednesday, an angry Secretary of State Rex Tillerson dismissed reports that White House officials are pushing him to resign. Persistent rumours that Tillerson has strained relations with President
Published 07 Dec, 2017 12:00am
'We don't interfere in elections': Nato chief on Putin seeking new term

'We don't interfere in elections': Nato chief on Putin seeking new term

Nato chief Jens Stoltenberg said Wednesday "we don't interfere in elections" when asked about Vladimir Putin seeking a new term at the Kremlin - amid deep concerns about Russian meddling in numerous European votes. Putin, in power for the past 18 years, c
Published 07 Dec, 2017 12:00am
Taiwan moves to erase authoritarian legacy with new laws

Taiwan moves to erase authoritarian legacy with new laws

Tributes to Taiwan's former dictator Chiang Kai-shek will be removed across the island after lawmakers voted in favour of the mandatory axing of symbols of its authoritarian past. The so-called "transitional justice" bill, which was passed late Tuesday, m
Published 07 Dec, 2017 12:00am
Azam Temuri appointed IGP Islamabad

Azam Temuri appointed IGP Islamabad

The federal government has appointed Sultan Azam Temuri as inspector general of police (IGP) Islamabad with immediate effect. The Establishment Division issued a notification regarding transfer of Sultan Azam Temuri from the post of RPO Gujranwala and dir
Published 07 Dec, 2017 12:00am
PM briefed over evacuee trust property board

PM briefed over evacuee trust property board

Prime Minister Shahid Khaqan Abbasi chaired a meeting on Evacuee Trust Property Board (ETPB) here on Wednesday. Minister for Religious Affairs Sardar Muhammad Yousuf, Chairman of the Board Muhammad Siddique-ul-Farooq and senior officials were present at t
Published 07 Dec, 2017 12:00am
SECP registers 881 companies in November
Exchange

SECP registers 881 companies in November

The Securities and Exchange Commission of Pakistan (SECP) during the month of November 2017 registered 881 new companies. As compared to the corresponding month of last financial year, it represents a growth of 40 percent. The new incorporation raised the
Published 07 Dec, 2017 12:00am
NAB chief seeks complete details of all pending cases

NAB chief seeks complete details of all pending cases

Chairman National Accountability Bureau (NAB) former Justice Javed Iqbal has sought complete details of inquiries, investigations and under trial corruption references filed in the respective accountability courts by the NAB and sought report from operati
Published 07 Dec, 2017 12:00am
US ties critical for South Asian peace, says envoy to US

US ties critical for South Asian peace, says envoy to US

Pakistan's Ambassador to the United States Aizaz Ahmad Chaudhry has said that Pak-US relations are very important for peace in South Asia. Aizaz Chaudhry stated this during a meeting with the US Senator and Chairman of the National Republican Senatorial C
Published 07 Dec, 2017 12:00am
Government to install 660 megawatts RLNG-based power plant in KP

Government to install 660 megawatts RLNG-based power plant in KP

The Federal government has agreed to install 660 megawatts RLNG based Power plant in Khyber Pakhtunkhwa. According to statement issued by Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) here on Wednesday, a meeting of the National Assembly's Stand
Published 07 Dec, 2017 12:00am
KP E&T department introduces new vehicle registration process

KP E&T department introduces new vehicle registration process

On the special directives of the Chief Secretary of Khyber Pakhtunkhwa Muhammad Azam Khan, the Excise & Taxation department has improved the vehicle registration process and now the public will get registration number for their new vehicles on the same da
Published 07 Dec, 2017 12:00am
Islamabad Police arrest 19 suspects

Islamabad Police arrest 19 suspects

The Islamabad Police on Wednesday conducted a search operation in areas of Industrial Area and Nilore police stations and arrested 19 suspects besides impounding 30 bikes and four vehicles having no documents, a police spokesman said. The officials of Isl
Published 07 Dec, 2017 12:00am
Nishat Chunian Limited
Mutual Funds

Nishat Chunian Limited

Nishat Chunian Limited (PSX: NCL) has grown from its humble origins of a spinning mill comprising of 14,400 spindles to become the fourth-largest textile company by sales. The company has managed to become a vertically integrated unit with annual spinning
Published 07 Dec, 2017 12:00am
Nishat Chunian Limited
Mutual Funds

Nishat Chunian Limited

Nishat Chunian Limited (PSX: NCL) has grown from its humble origins of a spinning mill comprising of 14,400 spindles to become the fourth-largest textile company by sales. The company has managed to become a vertically integrated unit with annual spinning
Published 07 Dec, 2017 12:00am
Minister briefed about NTS issues

Minister briefed about NTS issues

Federal Minister for Science and Technology, Rana Tanveer Hussain chaired a meeting regarding National Testing Service (NTS) issues here on Wednesday. Federal Secretary MoST Yasmin Masood and Senior management of NTS was present in the meeting.
Published 07 Dec, 2017 12:00am
LHC stays appointment process of FAU's VC

LHC stays appointment process of FAU's VC

The Lahore High Court on Wednesday stayed process for the appointment of vice chancellor Faisalabad Agriculture University and sought replies from Punjab Higher Education Commission (HEC) and others by December 10. Prof Zafar Iqbal Randhawa had questioned
Published 07 Dec, 2017 12:00am
Team of overseas Pakistanis visits OPC office in Lahore

Team of overseas Pakistanis visits OPC office in Lahore

A delegation of Overseas Pakistanis from Kuwait visited office of the Overseas Pakistanis Commission (OPC) Punjab and held talks with vice chairperson OPC Shaheen Khalid Butt and Commissioner Afzaal Bhatti. Members of delegation included Nazar Hussain Jas
Published 07 Dec, 2017 12:00am
Faisalabad DC says city has turned into dynamic, vibrant metropolis

Faisalabad DC says city has turned into dynamic, vibrant metropolis

Deputy Commissioner Faisalabad, Salman Ghanni, said that Faisalabad has been transformed into a dynamic, vibrant and aesthetically developed metropolis and the exemplary cooperation of local business and industrialist community in fine tuning the developm
Published 07 Dec, 2017 12:00am
US MIDDAY: gold dips
Exchange

US MIDDAY: gold dips

Gold dipped slightly and held near a two-month low on Wednesday, under pressure from a firmer US dollar ahead of a vote on the US tax reform plan, but a potential government shutdown lent support to prices. Spot gold was down 0.1 percent at $1,264.57 an o
Published 07 Dec, 2017 12:00am
US MIDDAY: wheat, soyabeans slump

US MIDDAY: wheat, soyabeans slump

US grain and soya prices fell on Wednesday, pressured by technical selling amid a broad downturn across many commodities as the dollar climbed. Chicago Board of Trade soyabean futures reversed from an earlier roughly four-month high while wheat futures we
Published 07 Dec, 2017 12:00am
Gold down in Europe
Exchange

Gold down in Europe

Gold held near a two-month low on Wednesday, under pressure from an advancing dollar ahead of a vote on the US tax reform plan, but a potential government shutdown lent support to prices. Spot gold had inched 0.1 percent lower to $1,264.260 an ounce by 14
Published 07 Dec, 2017 12:00am
Gold rises in Asia
Exchange

Gold rises in Asia

Gold prices inched up from a two-month low on Wednesday, as the dollar weakened on concerns over the progress of a US tax reform plan. Spot gold rose 0.2 percent to $1,268.84 an ounce by 0803 GMT after it hit its lowest since October 6 in the previous ses
Published 07 Dec, 2017 12:00am
Gold plunges in New York
Exchange

Gold plunges in New York

Gold dropped 1 percent to a two-month low on Tuesday as the dollar rose against a basket of currencies and US stocks rebounded as investors assessed details of the US tax overhaul legislation. The US dollar gained for a second consecutive session and US t
Published 07 Dec, 2017 12:00am
Raw sugar sinks, London cocoa at seven-month trough
Exchange

Raw sugar sinks, London cocoa at seven-month trough

Raw sugar futures on ICE fell more than 2 percent to a one-month low on Wednesday, on expectations for abundant global supplies, while London cocoa futures inched down to a seven-month low amid worries about contract defaults in the Ivory Coast. Soft comm
Published 07 Dec, 2017 12:00am
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