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Archive - 2017-12-20
RIP equities!
Stocks

RIP equities!

Say a little prayer for the stocks, and for those who were blinded by the euphoria and invested in the record-high-makin
Updated 21 Dec, 2017 10:42am
We are making America great again: Trump
Front Top News

We are making America great again: Trump

WASHINGTON: A jubilant Donald Trump hosted Republican leaders at the White House for a victory lap after the US Congress
Updated 21 Dec, 2017 06:52am
IG FC South meets Zehri
General News

IG FC South meets Zehri

QUETTA: Inspector General Frontier Corps South major General Sardar Tariq Aman called on Balochistan Chief Minister Nawa
Published 20 Dec, 2017 10:31pm
City council meeting today
General News

City council meeting today

KARACHI: The meeting of City Council will held today (Thursday) at Council of Karachi Metropolitan Corporation building.
Published 20 Dec, 2017 10:25pm
Snowboarder walks
Featured Photos

Snowboarder walks

A snowboarder walks on the Peak Walk bridge at Glacier 3000 in Les Diablerets, Switzerland December 20, 2017. Co
Published 20 Dec, 2017 03:34pm
SBP clarifies financing gap figures
Top News

SBP clarifies financing gap figures

KARACHI: The Central Bank has clarified that the estimate of financing gap for FY18, attributed to Governor SBP, app
Published 20 Dec, 2017 03:00pm
Bullion Prices on Wednesday
Markets

Bullion Prices on Wednesday

KARACHI: Following were the Bullion Prices in Karachi, Hyderabad and Lahore on Wednesday. KARACHI: (per 10 gram)
Published 20 Dec, 2017 02:57pm
Hyundai in Pakistan- again!
Automobile

Hyundai in Pakistan- again!

Congratulations are in order. The fruits of labor of this bureaucracy are finally paying off and with the partnership of
Published 20 Dec, 2017 09:03am
Hong Kong stocks flat at open
Financial

Hong Kong stocks flat at open

HONG KONG: Hong Kong stocks kicked Wednesday off with minor moves as investors sat on their hands after a healthy two-da
Published 20 Dec, 2017 02:04am
Tokyo stocks open flat
Financial

Tokyo stocks open flat

TOKYO: Tokyo stocks opened flat on Wednesday, with investors staying on the sidelines after retreats on Wall Street and
Published 20 Dec, 2017 12:43am
Retrial of Shahzeb Khan murder case begins

Retrial of Shahzeb Khan murder case begins

A sessions court in Karachi on Tuesday began conducting the retrial of the Shahzeb Khan murder case as per the Sindh High Court's order. On November 28, the high court had revoked the punishments previously awarded to Shahrukh Jatoi and three others in th
Published 20 Dec, 2017 12:00am
K-Electric installs dedicated PMT at MATRC ANF Hospital

K-Electric installs dedicated PMT at MATRC ANF Hospital

K-Electric, under its sustainability initiative, has partnered with Model Addicts Treatment & Rehabilitation Centre (MATRC) Anti-Narcotics Force (ANF) Hospital for the installation of a dedicated 200 KVA PMT. The newly installed dedicated PMT will help me
Published 20 Dec, 2017 12:00am
Mastercard on course to drive adoption of Masterpass QR in Pakistan

Mastercard on course to drive adoption of Masterpass QR in Pakistan

In a step aimed at driving the wider adoption of Masterpass QR in Pakistan, Mastercard, a leading technology company in the global payments industry, recently hosted the Masterpass Golf Classic 2017 in Karachi, highlighting the features of the country's f
Published 20 Dec, 2017 12:00am
'Eroded rupee to hit manufacturing sector'
Currency

'Eroded rupee to hit manufacturing sector'

The eroded rupee will not only hit the manufacturing sector but it will also take a toll on the country's SME sector, an official of the FPCCI said Tuesday. The SMEs which were already fighting for their survival in an adverse environment will face more t
Published 20 Dec, 2017 12:00am
SHC dismisses Sharjeel's bail plea

SHC dismisses Sharjeel's bail plea

The Sindh High Court on Tuesday dismissed a petition of imprisoned former Information minister Sharjeel Memon through which he sought pre-arrest bail in a case pertaining to illegal allotment of the state land in Malir district. A division bench of the SH
Published 20 Dec, 2017 12:00am
Soneri Bank's entity ratings maintained

Soneri Bank's entity ratings maintained

The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term rating of "AA-" (Double A Minus) and a short-term rating of "A1+" (Single A One Plus) for Soneri Bank Limited (SBL) vide its notification dated: 15 December, 2017. PACRA has al
Published 20 Dec, 2017 12:00am
Aga Khan's 13-day visit concludes

Aga Khan's 13-day visit concludes

Spiritual leader of the Ismaili community Prince Karim Aga Khan departed from Karachi Tuesday after completing a 13-day visit to Pakistan. The visit was part of the commemoration of the Aga Khan's Diamond Jubilee, which began earlier this year on 11thJuly
Published 20 Dec, 2017 12:00am
Corrupt people cannot escape accountability, says Sarwar

Corrupt people cannot escape accountability, says Sarwar

Pakistan Tehreek-e-Insaf (PTI) senior leader Chaudhry Muhammad Sarwar has said that corrupt people cannot escape accountability by threatening to launch a movement against the judiciary. He was addressing a public gathering here on Tuesday. PTI leaders Ha
Published 20 Dec, 2017 12:00am
Piracha urges political parties to evolve accountability system

Piracha urges political parties to evolve accountability system

Deputy chief of the Jamaat-e-Islami, Dr Farid Ahmed Piracha, has impressed upon the political parties to weed out the black sheep in their ranks and evolve an effective accountability system in order to ensure sanctity of ballot and to revive the masses;
Published 20 Dec, 2017 12:00am
IHN launches 'Aao TB Mitao' campaign in Peshawar

IHN launches 'Aao TB Mitao' campaign in Peshawar

A campaign against tuberculosis "Aao TB Mitao" on Tuesday was launched in Peshawar after successfully initiated by Indus Health Network (IHW) in Karachi. The campaign was launched by Khyber Pakhtunkhwa Chief Minister, Pervez Khattak during a formal ceremo
Published 20 Dec, 2017 12:00am
Conference on 'Peace building through tolerance' begins

Conference on 'Peace building through tolerance' begins

A three-day conference entitled "Peace building through tolerance" has started at Institute of Peace and Conflict Studies, University of Peshawar through support of United Nations Development Fund on Tuesday. Dean Faculty of Arts and Humanities and Social
Published 20 Dec, 2017 12:00am
Terror bid foiled in Quetta

Terror bid foiled in Quetta

Security forces foiled yet another terror bid in Quetta on Tuesday. According to reports, the security forces recovered a 15-kilogram bomb from Kallitarkha area of the provincial capital. The bomb planted by a roadside was recovered by the security forces
Published 20 Dec, 2017 12:00am
Murad accuses KWSB officials of misguiding politicians

Murad accuses KWSB officials of misguiding politicians

Sindh Chief Minister Syed Murad Ali Shah has said that the water shortage in the city is not so acute as is being propagated, but the actual problem is 70 to 80 years old distribution network. He issues these directives while presiding over a high-power f
Published 20 Dec, 2017 12:00am
Rice exports post 32 percent growth in July-November
Exchange

Rice exports post 32 percent growth in July-November

Rice exports posted a growth of some 32 percent during the first five months of this fiscal year, mainly due to rising demand of the commodity in the world market. According to Rice Exporters Association of Pakistan (REAP), the country exported rice amoun
Published 20 Dec, 2017 12:00am
Greenwich University's convocation on Saturday

Greenwich University's convocation on Saturday

Greenwich University will hold its 12th convocation at its campus on Saturday, its vice chancellor announced on Tuesday. The VC, Seema Mughal, told the media that the undergraduate, graduate and postgraduate degrees will be conferred at the ceremony. Outs
Published 20 Dec, 2017 12:00am
Lasbela CCI demands revised trade policy

Lasbela CCI demands revised trade policy

President, Lasbela Chamber of Commerce and Industry (LCCI), Yakoob Karim, has urged the government to announce revised Trade Policy to arrest falling exports at a fast pace. "Government had set a target of $35 billion exports by 2018, but unfortunately, w
Published 20 Dec, 2017 12:00am
PSX approves ARM's schedule of issue of Right Certificates
Exchange

PSX approves ARM's schedule of issue of Right Certificates

Pakistan Stock Exchange has approved the schedule of issue of Right Certificates of Allied Rental Modaraba. The trading in the Unpaid Rights of the company will start on the PSX with effect from December 26, 2017. The first settlement date will be Decembe
Published 20 Dec, 2017 12:00am
July-October 2017: bill for pulses import falls by 26.09 percent

July-October 2017: bill for pulses import falls by 26.09 percent

Pakistan's bill for pulses import slumped by 26.09 percent in July-October 2017 to $172.403 million, official figures show. Fall in pulses import now stands at $60.861 million in July-October 2017 from $233.264 million in July-October 2016, Pakistan Burea
Published 20 Dec, 2017 12:00am
Haroon to continue as acting MD/CEO PSX
Exchange

Haroon to continue as acting MD/CEO PSX

Haroon Askari will continue to act as Acting Managing Director/CEO of Pakistan Stock Exchange (PSX), as an interim arrangement, till assumption of charge by new Managing Director/CEO of PSX on January 10, 2018. The PSX board of directors took this decisio
Published 20 Dec, 2017 12:00am
Regulatory duty list: FBR chief admits analytical errors

Regulatory duty list: FBR chief admits analytical errors

Chairman Federal Board of Revenue (FBR) Tariq Mahmood Pasha has admitted that the regulatory duty list contains some analytical errors which will be rectified soon by revising it. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI), P
Published 20 Dec, 2017 12:00am
Need for state policy on climate change stressed

Need for state policy on climate change stressed

One day seminar on Climate Change and Coastal Issues in Sindh was jointly organized by Centre for Coastal and Deltaic Studies, University of Sindh Campus Thatta and Federation Handicap International. Professor Dr Mukhtiar Ahmed Mahar, Director Centre for
Published 20 Dec, 2017 12:00am
Haroon assures computer industry of removing tax anomalies
Exchange

Haroon assures computer industry of removing tax anomalies

Special Assistant to the Prime Minister on Revenue, Haroon Akhtar Khan has assured computer industry of removing an anomaly in tax regime by granting sales tax exemption on import of computer parts in the next federal budget provided local assemblers' dat
Published 20 Dec, 2017 12:00am
Futures contracts: SECP allows PMEX to run clearing facility
Exchange

Futures contracts: SECP allows PMEX to run clearing facility

The Securities and Exchange Commission of Pakistan (SECP) has allowed Pakistan Mercantile Exchange Limited to operate a clearing facility pertaining to the futures contracts based on commodities or financial instruments, as a clearing house, for a period
Published 20 Dec, 2017 12:00am
Dar's guarantor: IHC issues notices to NAB

Dar's guarantor: IHC issues notices to NAB

Granting stay order for a day against Accountability Court's verdict about confiscation of property of Ishaq Dar's guarantor on Tuesday, Islamabad High Court issued notices to National Accountability Bureau (NAB) in the matter for December 20 (today).
Published 20 Dec, 2017 12:00am
Land-grabbing, fraud: NAB may seek 19 builders' names included in ECL

Land-grabbing, fraud: NAB may seek 19 builders' names included in ECL

National Accountability Bureau (NAB) Karachi is likely to seek inclusion of 19 builders and developers in the Exit Control List (ECL) amid apprehension that they may flee abroad in a bid to avoid action against them for their involvement in land grabbing
Published 20 Dec, 2017 12:00am
SHC's winter holidays

SHC's winter holidays

The Sindh High Court (SHC) has announced winter holidays from 26-12-2017 to 09-01-2018 here on Tuesday. According to a statement here the SHC, its bench at Sukkur and circuit courts at Hyderabad and Larkana will remain opened for the disposal of urgent ca
Published 20 Dec, 2017 12:00am
Turkish scholar to lead roundtable moot today

Turkish scholar to lead roundtable moot today

To mark the 70th anniversary of the establishment of diplomatic relations between Turkey and Pakistan, Professor Dr Azmi Ozcan, a scholar from Turkey will lead a roundtable session on historical relations between Ottoman Turkey and the Subcontinent's Musl
Published 20 Dec, 2017 12:00am
Only Nawaz can explain what 'movement for justice' is: Shah

Only Nawaz can explain what 'movement for justice' is: Shah

Leader of Opposition in National Assembly, Syed Khursheed Ahmed Shah has said that only former Prime Minister Nawaz Sharif can explain what is meaning of a "movement for justice." While talking to media persons here at Parliament House on Tuesday, the opp
Published 20 Dec, 2017 12:00am
Kamal visits 13th Build Asia Exhibition

Kamal visits 13th Build Asia Exhibition

On the second day of the 13th Build Asia Exhibition, Syed Mustafa Kamal, Chairman PSP, visited the 3-day event being held at the Karachi Expo Center from 18th to 20th December. It is the largest exhibition of construction, real-estate and housing industry
Published 20 Dec, 2017 12:00am
Two shot dead

Two shot dead

A man and a woman were shot dead by unknown persons here in the jurisdictions of Sachhal Goth police station on Tuesday morning. The armed men targeted them near Khyber Hotel in Bilawal Shah Noorani Goth. The deceased were identified as Taj Bibi daughter
Published 20 Dec, 2017 12:00am
HNMPL stake: NML inks LoI with MTL
Exchange

HNMPL stake: NML inks LoI with MTL

Nishat Mills Limited (NML) has signed a Letter of Intent with Millat Tractors Limited whereby Millat has been offered up to 18 percent stake in the NML's subsidiary M/s Hyundai Nishat Motor (Private) Limited (HNMPL). This, however, will be subject to the
Published 20 Dec, 2017 12:00am
Commercial loans against SSGCL surpass Rs 90 billion, PAC told

Commercial loans against SSGCL surpass Rs 90 billion, PAC told

The commercial loans against Sui Southern Gas Company Limited (SSGCL) have crossed Rs 90 billion while the company has to receive outstanding dues of multibillion rupees from various consumers. This was stated by Sikandar Sultan Raja, Federal Secretary fo
Published 20 Dec, 2017 12:00am
DG NAB hands over recoveries cheques to KP government

DG NAB hands over recoveries cheques to KP government

Director General (DG) NAB Khyber Pakhtunkhwa Brigadier Farooq Naser Awan (retd) handed-over cheques amounting Rs 2,234 million to Abdul Haseeb Khan, Deputy Secretary Finance Department Khyber Pakhtunkhwa in a ceremony held at NAB (KP) Tuesday recovered i
Published 20 Dec, 2017 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan (SBP) and all banks will remain closed on 25 December, 2017 (Monday) on the occasions of Quaid-e-Azam Day/Christmas, as declared by the Government of Pakistan.
Published 20 Dec, 2017 12:00am
PTA misses chance to become vice chairman of SATRC-18
Exchange

PTA misses chance to become vice chairman of SATRC-18

The dysfunctional Pakistan Telecommunication Authority missed the South Asian Telecommunications Regulators' Council (SATRC-18) in Kathmandu, Nepal, and hence lost the opportunity to get the slot of vice chairman of the body. Pakistan was likely to host t
Published 20 Dec, 2017 12:00am
'SEZs under CPEC made Pakistan ideal country for FDI'
Cotton

'SEZs under CPEC made Pakistan ideal country for FDI'

Strategic location, population and workforce, economic outlook, investment policy, and special economic zones under China-Pakistan Economic Corridor (CPEC) has made Pakistan an ideal country for Foreign Direct Investment (FDI), said Engineer Ahmed Hassan
Published 20 Dec, 2017 12:00am
PM for resolution of poultry sector's issues
Exchange

PM for resolution of poultry sector's issues

Prime Minister Shahid Khaqan Abbasi on Tuesday directed secretary Ministry of National Food Security & Research to look into the suggestions of Pakistan Poultry Association (PPA) for the promotion of exports of the sector. The prime minister also directed
Published 20 Dec, 2017 12:00am
ADB official lauds efforts to overcome energry crisis

ADB official lauds efforts to overcome energry crisis

Country Director Asian Development Bank for Pakistan Xiaohong Yang called on Prime Minister Shahid Khaqan Abbasi at Prime Minister's office Tuesday. Asad Aleem senior energy specialist ADB Pakistan, Farzana Noshaba senior economic officer, Secretary Econo
Published 20 Dec, 2017 12:00am
Abbasi meets special children

Abbasi meets special children

Prime Minister Shahid Khaqan Abbasi on Tuesday met special children from various schools and institutes. Minister of State for Capital Administration and Development Division Dr Tariq Fazal Chaudhary, Special Assistant to the Prime Minister Ali Jehangir S
Published 20 Dec, 2017 12:00am
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