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Archive - 2017-12-18
ADB, govt sign $200mn PICIIP agreement
Top News

ADB, govt sign $200mn PICIIP agreement

LAHORE: Asian Development Bank (ADB) and government of Pakistan have signed a 200 million dollars agreement to devel
Updated 21 Dec, 2017 08:32am
Zardari calls on Murad
General News

Zardari calls on Murad

KARACHI: President PPPP Asif Ali Zardari had a meeting with Sindh Chief Minister Syed Murad Ali Shah here at CM House an
Published 18 Dec, 2017 10:33pm
Asif Zardari meets CM Murad
Pakistan

Asif Zardari meets CM Murad

KARACHI: PPPP President Asif Ali Zardari met Sindh Chief Minister Syed Murad Ali Shah at CM house to discuss develop
Published 18 Dec, 2017 02:57pm
PSQCA seals ghee factory
General News

PSQCA seals ghee factory

LAHORE: Pakistan Standards and Quality Control Authority (PSQCA) sealed an illegal ghee and oil producing factory in
Published 18 Dec, 2017 10:37am
All that political noise
Miscellaneous

All that political noise

Following the apex court judgments given last Friday, political pundits are pitching Shahbaz vs. Imran as the real compe
Published 18 Dec, 2017 07:22am
Cement’s ill-fated growth
Industry

Cement’s ill-fated growth

Some trends within the cement sector are clear and cannot be escaped from. That exports will continue to dip as we move
Published 18 Dec, 2017 07:20am
UN to vote today on call for US Jerusalem decision to be withdrawn

UN to vote today on call for US Jerusalem decision to be withdrawn

The United Nations Security Council is due to vote on Monday on a draft resolution calling for the withdrawal of US President Donald Trump's decision to recognise Jerusalem as the capital of Israel, diplomats said, a move likely to face a Washington veto.
Published 18 Dec, 2017 12:00am
UN to vote today on call for US Jerusalem decision to be withdrawn

UN to vote today on call for US Jerusalem decision to be withdrawn

The United Nations Security Council is due to vote on Monday on a draft resolution calling for the withdrawal of US President Donald Trump's decision to recognise Jerusalem as the capital of Israel, diplomats said, a move likely to face a Washington veto.
Published 18 Dec, 2017 12:00am
CPEC-related projects: China explains concessional loans

CPEC-related projects: China explains concessional loans

It has been reiterated that Pakistan has to pay only 1 or 2 percent interest on concessional loans given by the Chinese government for execution of the CPEC-related projects. In case of the investments coming from the Chinese enterprises, the rate of inte
Published 18 Dec, 2017 12:00am
CPEC-related projects: China explains concessional loans

CPEC-related projects: China explains concessional loans

It has been reiterated that Pakistan has to pay only 1 or 2 percent interest on concessional loans given by the Chinese government for execution of the CPEC-related projects. In case of the investments coming from the Chinese enterprises, the rate of inte
Published 18 Dec, 2017 12:00am
CPEC-related projects: China explains concessional loans

CPEC-related projects: China explains concessional loans

It has been reiterated that Pakistan has to pay only 1 or 2 percent interest on concessional loans given by the Chinese government for execution of the CPEC-related projects. In case of the investments coming from the Chinese enterprises, the rate of inte
Published 18 Dec, 2017 12:00am
Two women among nine killed in Quetta church attack

Two women among nine killed in Quetta church attack

A suicide bomb attack on a Quetta church claimed by the Islamic State group killed at least nine people and wounded 30 during a service on Sunday, just over a week before Christmas. Two women were among the dead at a Methodist church in the restive city o
Published 18 Dec, 2017 12:00am
Two women among nine killed in Quetta church attack

Two women among nine killed in Quetta church attack

A suicide bomb attack on a Quetta church claimed by the Islamic State group killed at least nine people and wounded 30 during a service on Sunday, just over a week before Christmas. Two women were among the dead at a Methodist church in the restive city o
Published 18 Dec, 2017 12:00am
China 'lavishes' aid on Gwadar
Exchange

China 'lavishes' aid on Gwadar

China is lavishing vast amounts of aid on a small fishing town to win over locals and build a commercial deep-water port that the United States and India suspect may also one day serve the Chinese navy. Beijing has built a school, sent doctors and pledged
Published 18 Dec, 2017 12:00am
China 'lavishes' aid on Gwadar
Exchange

China 'lavishes' aid on Gwadar

China is lavishing vast amounts of aid on a small fishing town to win over locals and build a commercial deep-water port that the United States and India suspect may also one day serve the Chinese navy. Beijing has built a school, sent doctors and pledged
Published 18 Dec, 2017 12:00am
China ''lavishes'' aid on Gwadar
Exchange

China ''lavishes'' aid on Gwadar

China is lavishing vast amounts of aid on a small fishing town to win over locals and build a commercial deep-water port that the United States and India suspect may also one day serve the Chinese navy. Beijing has built a school, sent doctors and pledged
Published 18 Dec, 2017 12:00am
Ministries squabble over EDF

Ministries squabble over EDF

Ministry of Commerce and Textile is likely to approach the federal cabinet against Finance Ministry for putting Export Development Fund (EDF) on ice, which is meant to be spent on the export-oriented industry. The federal government collects 0.25 percent
Published 18 Dec, 2017 12:00am
Ministries squabble over EDF

Ministries squabble over EDF

Ministry of Commerce and Textile is likely to approach the federal cabinet against Finance Ministry for putting Export Development Fund (EDF) on ice, which is meant to be spent on the export-oriented industry. The federal government collects 0.25 percent
Published 18 Dec, 2017 12:00am
Ministries squabble over EDF

Ministries squabble over EDF

Ministry of Commerce and Textile is likely to approach the federal cabinet against Finance Ministry for putting Export Development Fund (EDF) on ice, which is meant to be spent on the export-oriented industry. The federal government collects 0.25 percent
Published 18 Dec, 2017 12:00am
Lack of clarity hounds PSX
Currency

Lack of clarity hounds PSX

Pakistan Stock Exchange remained under pressure during the outgoing week ended on December 15, 2017 due to investors' concerns over political situation in the country and depreciating local currency. BRIndex100 lost 47.72 points on week-on-week basis to c
Published 18 Dec, 2017 12:00am
Lack of clarity hounds PSX
Currency

Lack of clarity hounds PSX

Pakistan Stock Exchange remained under pressure during the outgoing week ended on December 15, 2017 due to investors' concerns over political situation in the country and depreciating local currency. BRIndex100 lost 47.72 points on week-on-week basis to c
Published 18 Dec, 2017 12:00am
Lack of clarity hounds PSX
Currency

Lack of clarity hounds PSX

Pakistan Stock Exchange remained under pressure during the outgoing week ended on December 15, 2017 due to investors'' concerns over political situation in the country and depreciating local currency. BRIndex100 lost 47.72 points on week-on-week basis to
Published 18 Dec, 2017 12:00am
Future spreads down by 867 basis points

Future spreads down by 867 basis points

The future spreads declined by 867bps to minus 1.08 percent on the last day of the outgoing week. Trading activities on the futures counter improved as average daily volumes increased by 12.7 percent to 39.29 million shares. Average daily trading value su
Published 18 Dec, 2017 12:00am
Future spreads down by 867 basis points

Future spreads down by 867 basis points

The future spreads declined by 867bps to minus 1.08 percent on the last day of the outgoing week. Trading activities on the futures counter improved as average daily volumes increased by 12.7 percent to 39.29 million shares. Average daily trading value su
Published 18 Dec, 2017 12:00am
CoAS to brief Senators tomorrow

CoAS to brief Senators tomorrow

In an unprecedented move, Chief of Army Staff (COAS) General Qamar Javed Bajwa will brief Committee of the Whole House of the Senate tomorrow (Tuesday) on the emerging national security paradigm for Pakistan in the wake of US President Donlad Trump's new
Published 18 Dec, 2017 12:00am
CoAS to brief Senators tomorrow

CoAS to brief Senators tomorrow

In an unprecedented move, Chief of Army Staff (COAS) General Qamar Javed Bajwa will brief Committee of the Whole House of the Senate tomorrow (Tuesday) on the emerging national security paradigm for Pakistan in the wake of US President Donlad Trump's new
Published 18 Dec, 2017 12:00am
Quetta attack an attempt to cloud Christmas celebrations: Bajwa

Quetta attack an attempt to cloud Christmas celebrations: Bajwa

Chief of Army Staff (COAS) General Qamar Javed Bajwa Sunday said the attack targeting our brotherly Christian Pakistanis was an attempt to cloud Christmas celebrations and create religious cleavages. "Effective response by LEAs is commendable. We stay uni
Published 18 Dec, 2017 12:00am
Quetta attack an attempt to cloud Christmas celebrations: Bajwa

Quetta attack an attempt to cloud Christmas celebrations: Bajwa

Chief of Army Staff (COAS) General Qamar Javed Bajwa Sunday said the attack targeting our brotherly Christian Pakistanis was an attempt to cloud Christmas celebrations and create religious cleavages. "Effective response by LEAs is commendable. We stay uni
Published 18 Dec, 2017 12:00am
Firing on Imran's motorcade: Musa Gilani refutes PTI's claim

Firing on Imran's motorcade: Musa Gilani refutes PTI's claim

Pakistan Tehreek-e-Insaf accused Ali Musa Gilani son of former prime minister Yousaf Raza Gilani of firing on the motorcade of Imran Khan that was on way to Lahore from Okara but the latter denied the charge saying that his guards were threatened near Pat
Published 18 Dec, 2017 12:00am
Firing on Imran's motorcade: Musa Gilani refutes PTI's claim

Firing on Imran's motorcade: Musa Gilani refutes PTI's claim

Pakistan Tehreek-e-Insaf accused Ali Musa Gilani son of former prime minister Yousaf Raza Gilani of firing on the motorcade of Imran Khan that was on way to Lahore from Okara but the latter denied the charge saying that his guards were threatened near Pat
Published 18 Dec, 2017 12:00am
Gaza restaurant offers North Koreans discount in gesture to Kim

Gaza restaurant offers North Koreans discount in gesture to Kim

A Gaza Strip restaurant is offering mouth-watering discounts to any North Koreans who might be passing by in gratitude for Pyongyang condemning the US recognition of Jerusalem as Israel's capital. But restaurateur Salim Rabaa is unlikely to have to honour
Published 18 Dec, 2017 12:00am
Gaza restaurant offers North Koreans discount in gesture to Kim

Gaza restaurant offers North Koreans discount in gesture to Kim

A Gaza Strip restaurant is offering mouth-watering discounts to any North Koreans who might be passing by in gratitude for Pyongyang condemning the US recognition of Jerusalem as Israel's capital. But restaurateur Salim Rabaa is unlikely to have to honour
Published 18 Dec, 2017 12:00am
Saudi crown prince 'buyer of $300 million French chateau'

Saudi crown prince 'buyer of $300 million French chateau'

Saudi Crown Prince Mohammed bin Salman has been revealed as the owner of a French chateau described as the world's most expensive home, according to a report in the New York Times. The purchase of the vast property west of Paris for $300 million (275 mill
Published 18 Dec, 2017 12:00am
Saudi crown prince 'buyer of $300 million French chateau'

Saudi crown prince 'buyer of $300 million French chateau'

Saudi Crown Prince Mohammed bin Salman has been revealed as the owner of a French chateau described as the world's most expensive home, according to a report in the New York Times. The purchase of the vast property west of Paris for $300 million (275 mill
Published 18 Dec, 2017 12:00am
Saudi crown prince ''buyer of $300 million French chateau''

Saudi crown prince ''buyer of $300 million French chateau''

Saudi Crown Prince Mohammed bin Salman has been revealed as the owner of a French chateau described as the world''s most expensive home, according to a report in the New York Times. The purchase of the vast property west of Paris for $300 million (275 mil
Published 18 Dec, 2017 12:00am
Trump team claims Russia investigator 'unlawfully' got emails

Trump team claims Russia investigator 'unlawfully' got emails

A lawyer for Donald Trump's transition team has alleged special counsel Robert Mueller unlawfully received tens of thousands of emails, in the latest attack on the credibility of the probe into Russian meddling in the US election. With the ex-FBI director
Published 18 Dec, 2017 12:00am
Trump team claims Russia investigator 'unlawfully' got emails

Trump team claims Russia investigator 'unlawfully' got emails

A lawyer for Donald Trump's transition team has alleged special counsel Robert Mueller unlawfully received tens of thousands of emails, in the latest attack on the credibility of the probe into Russian meddling in the US election. With the ex-FBI director
Published 18 Dec, 2017 12:00am
Remains of exiled Italian king return to Italy

Remains of exiled Italian king return to Italy

The remains of Victor Emmanuel III, who reigned as Italy's king through two world wars and died in exile in 1947, were flown back from Egypt on Sunday for reburial at a family mausoleum near Turin. The remains of his wife, Queen Elena, also returned to It
Published 18 Dec, 2017 12:00am
Remains of exiled Italian king return to Italy

Remains of exiled Italian king return to Italy

The remains of Victor Emmanuel III, who reigned as Italy's king through two world wars and died in exile in 1947, were flown back from Egypt on Sunday for reburial at a family mausoleum near Turin. The remains of his wife, Queen Elena, also returned to It
Published 18 Dec, 2017 12:00am
Power sector receivables soar to Rs 800 billion

Power sector receivables soar to Rs 800 billion

The country's power sector receivables have soared to Rs800 billion as of September 2017 as compared to Rs729.9 billion on June 30, 2017, showing an increase over 9 per cent in just three months. According to official documents, Discos' collection has reg
Published 18 Dec, 2017 12:00am
Power sector receivables soar to Rs 800 billion

Power sector receivables soar to Rs 800 billion

The country's power sector receivables have soared to Rs800 billion as of September 2017 as compared to Rs729.9 billion on June 30, 2017, showing an increase over 9 per cent in just three months. According to official documents, Discos' collection has reg
Published 18 Dec, 2017 12:00am
Power sector receivables soar to Rs 800 billion

Power sector receivables soar to Rs 800 billion

The country''s power sector receivables have soared to Rs800 billion as of September 2017 as compared to Rs729.9 billion on June 30, 2017, showing an increase over 9 per cent in just three months. According to official documents, Discos'' collection has r
Published 18 Dec, 2017 12:00am
Two Danish journalists wounded in knife attack

Two Danish journalists wounded in knife attack

An attacker wielding a knife and crying "Allahu Akbar" has wounded two Danish journalists in Gabon's capital Libreville, the Gabonese defence minister said. The two reporters for the National Geographic channel were in a popular market for tourist souveni
Published 18 Dec, 2017 12:00am
Two Danish journalists wounded in knife attack

Two Danish journalists wounded in knife attack

An attacker wielding a knife and crying "Allahu Akbar" has wounded two Danish journalists in Gabon's capital Libreville, the Gabonese defence minister said. The two reporters for the National Geographic channel were in a popular market for tourist souveni
Published 18 Dec, 2017 12:00am
Risks to agri sector

Risks to agri sector

Agriculture is the backbone of Pakistan's economy but faces certain immediate risks which need to be tackled to resume its growth. According to the Food and Agriculture Organisation (FAO) of the United Nations, area under agriculture crops in Pakistan has
Published 18 Dec, 2017 12:00am
Exporters' concerns
Currency

Exporters' concerns

According to a report in this newspaper on 14th December 2017, exporters have shown their grave concern over the arrest of their potential foreign clients on the charges of currency smuggling at the airport who come to visit Pakistan for placing orders af
Published 18 Dec, 2017 12:00am
Naming and shaming

Naming and shaming

Naming and shaming those found involved in illegal, unlawful or corrupt practices is considered enough of a deterrent or disincentive for others not to follow suit in democracies given that those reliant on the ballot box for the executive positions they
Published 18 Dec, 2017 12:00am
Economic facts vs political fiction
Currency

Economic facts vs political fiction

Facts speak, and they speak louder than what we say. Slogans and Speeches are the advertising tools for political selling but Economic facts are the core product that eventually determines long-term voter loyalty. However political loyalties compared to p
Published 18 Dec, 2017 12:00am
Towards safe, orderly and regular migration in Asia and the Pacific

Towards safe, orderly and regular migration in Asia and the Pacific

In 2017, Asia and the Pacific will be home to 62 million international migrants. That's a population larger than the Republic of Korea's. Even more people from our region - over 100 million - live outside their countries of birth. At the United Nations Ec
Published 18 Dec, 2017 12:00am
Situation brooks no complacency

Situation brooks no complacency

This is apropos a Business Recorder news item "PML-N-led govt eradicated terrorism from country: PM" carried by the newspaper yesterday. According to it, Prime Minister Shahid Khaqan Abbasi has said that terrorism has been completely eradicated fro
Published 18 Dec, 2017 12:00am
Tareen has quit in dignified manner

Tareen has quit in dignified manner

Unlike Nawaz Sharif, Jahangir Tareen has not said "mujhay kion nikala". In his letter to party chairman, Tareen tendered his resignation, saying, "the Supreme Court of Pakistan has disqualified me on an interpretation of a legal term. It is disappointing
Published 18 Dec, 2017 12:00am
14 policemen injured in traffic accident

14 policemen injured in traffic accident

Fourteen policemen were injured on Sunday morning after a trailer collided with a police truck near Shah Latif Town area of Malir in Karachi. The policemen were en-route to their training centre at Razzaqabad when the accident took place. SSP Rao Anwar wh
Published 18 Dec, 2017 12:00am
Pakistan, India race to tap diminishing freshwater supplies

Pakistan, India race to tap diminishing freshwater supplies

Several hundred metres underground, thousands of labourers grind away day and night on a mammoth hydroelectric project in contested Kashmir, where India and Pakistan are racing to tap the subcontinent's diminishing freshwater supplies. The arch rivals hav
Published 18 Dec, 2017 12:00am
Zubair leaves for UK

Zubair leaves for UK

Governor Sindh Mohammad Zubair has left for a week-long visit to the United Kingdom to motivate British investors for investment in various sectors in the province. A statement issued here on Sunday said that his visit was part of road shows being organis
Published 18 Dec, 2017 12:00am
President, PM condemn Quetta church attack

President, PM condemn Quetta church attack

Civil and military leadership of the country strongly condemned the terrorists attack on Quetta's Bethel Memorial Methodist Church on Sunday that resulted in killing of nine people and injuring 30 others. President Mamnoon Hussain, Prime Minister Shahid K
Published 18 Dec, 2017 12:00am
Opportunists complicated Fata issue, says Fazl

Opportunists complicated Fata issue, says Fazl

Chief of Jamiat Ulema-e-Islam-Fazl (JUI-F) Maulana Fazlur Rahman has said that the Fata's is a very simple issue but some opportunists have complicated it. "We are sitting in the National Assembly. We know very well about opportunists," he said, addressin
Published 18 Dec, 2017 12:00am
Marriyum condemns terrorist attack on church

Marriyum condemns terrorist attack on church

Minister of State for Information, Broadcasting, National History and Literary Heritage Marriyum Aurangzeb while vehemently condemning the dastardly terrorist attack on a church in Quetta Sunday said terrorists were targeting Pakistanis indiscriminately w
Published 18 Dec, 2017 12:00am
SMEDA finalising arrangements for PDC project

SMEDA finalising arrangements for PDC project

Small and Medium Enterprises Development Authority (SMEDA) is finalizing necessary arrangements for setting up Product Development Centre (PDC) for Composite casting Rs 498 million for tracking the sports goods industry of Sialkot on modern production lin
Published 18 Dec, 2017 12:00am
Pakhtuns lag behind due to lack of science education: Afridi

Pakhtuns lag behind due to lack of science education: Afridi

Awami National Party leader and renowned lawyer Latif Afridi has said that main cause of downfall of Pakhtun community is lack of education of science and technology. "Pakhtun youth should utilise their energies to seek knowledge if they want a respectful
Published 18 Dec, 2017 12:00am
Stakeholders demand review of controversial APTTA

Stakeholders demand review of controversial APTTA

Stakeholders of Pak-Afghan trade have called for the review of the controversial Afghanistan Pakistan Transit Trade Agreement (APTTA), signing of formal bilateral Pak-Afghan trade agreement and separation of politics from trade relations both neighbouring
Published 18 Dec, 2017 12:00am
Anti polio drive to begin in high-risk district of KP today

Anti polio drive to begin in high-risk district of KP today

Over 4.3million children below age of five, will be administrated drops as the three day anti-polio drive in high-risk districts of Khyber Pakhtunkhwa, will begin today (Monday). According to Emergency Operation Centre, more than 4.3million children, incl
Published 18 Dec, 2017 12:00am
Prices of essential items witness upward trend

Prices of essential items witness upward trend

A manifold increase in prices of rice, chicken, eggs, sugar, fruits, and other important daily use items was witnessed in preceding week as compared to previous week, according to survey conducted by Business Recorder here on Sunday. Traders in pro
Published 18 Dec, 2017 12:00am
KP IGP inaugurates website of forensic lab

KP IGP inaugurates website of forensic lab

Inspector General of police (IGP), Khyber Pakhtunkhwa Salahuddin Khan Mehsud on Sunday inaugurated official website (www.kpfsl.gov.pk) for Khyber Pakhtunkhwa Forensic Sciences Lab (FSL) to streamline the working of various disciplines of forensic labs, SO
Published 18 Dec, 2017 12:00am
Qadri condemns Quetta church attack

Qadri condemns Quetta church attack

Head of Pakistan Awami Tehreek Dr Muhammad Tahir-ul-Qadri has strongly condemned the terrorist attack on a church in Quetta which claimed 8 innocent lives and over 20 injured. In his statement he said attacks on religious sanctuaries are intolerable and a
Published 18 Dec, 2017 12:00am
Sarhadi for provision of facilities to attract remittances

Sarhadi for provision of facilities to attract remittances

Director, Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), Zia-ul-Haq Sarhadi has asked the government to guarantee maximum facilities for overseas Pakistanis to encourage remittances and strengthen Pakistan economically. In a statement issued
Published 18 Dec, 2017 12:00am
Sarhadi for provision of facilities to attract remittances

Sarhadi for provision of facilities to attract remittances

Director, Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), Zia-ul-Haq Sarhadi has asked the government to guarantee maximum facilities for overseas Pakistanis to encourage remittances and strengthen Pakistan economically. In a statement issued
Published 18 Dec, 2017 12:00am
Nawaz storms judiciary to save hisill-gotten wealth: Imran

Nawaz storms judiciary to save hisill-gotten wealth: Imran

Pakistan Tehreek-e-Insaf Chief Imran Khan has said that Nawaz Sharif stormed judiciary to save 300 billion rupees, which he looted from Pakistan. While addressing a public rally in Okara's football ground, Imran Khan said that in the disqualification refe
Published 18 Dec, 2017 12:00am
Red Crescent Society sets up institute of gynaecology, neonatology

Red Crescent Society sets up institute of gynaecology, neonatology

Under the arrangements of District Red Crescent Society, 300 bedded Institute of Gynaecology and Neonatology has been started work and funds of Rs 65 million has spent on its completion. Deputy Commissioner Salman Ghani along with members of Executive bod
Published 18 Dec, 2017 12:00am
FPCCI lauds foreign investors' interest in LNG project

FPCCI lauds foreign investors' interest in LNG project

The Federation of Pakistan Chambers of Commerce and Industry on Sunday welcomed the decision of the foreign investors to invest heavily in supplying the LNG to Pakistan and pour millions of dollars in the infrastructure. "The interest of foreign investors
Published 18 Dec, 2017 12:00am
FPCCI lauds foreign investors' interest in LNG project

FPCCI lauds foreign investors' interest in LNG project

The Federation of Pakistan Chambers of Commerce and Industry on Sunday welcomed the decision of the foreign investors to invest heavily in supplying the LNG to Pakistan and pour millions of dollars in the infrastructure. "The interest of foreign investors
Published 18 Dec, 2017 12:00am
Sindh CM hosts reception in honour of Aga Khan

Sindh CM hosts reception in honour of Aga Khan

Sindh Chief Minister Syed Murad Ali Shah hosted a reception in honour of the spiritual leader of Ismaili community Prince Karim Aga Khan at CM's House on Sunday. Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari also attended the event. While
Published 18 Dec, 2017 12:00am
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