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Archive - 2018-01-05
PM dispels rumors about any kind of NRO
Pakistan Top News

PM dispels rumors about any kind of NRO

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Friday dispelled the rumours about any kind of National Reconciliation
Published 05 Jan, 2018 09:31pm
Petroleum sales in 2017
Oil and Gas

Petroleum sales in 2017

Much has been talked about the cut in furnace oil consumption in the country recently. Furnace oil based power plants we
Published 05 Jan, 2018 07:41am
Politics; key for KSE-100
Stocks

Politics; key for KSE-100

Nay year calls for new strategies. And most leading brokerage houses have come out with what are known as “strategy repo
Published 05 Jan, 2018 07:39am
Lawyers close courts' doors

Lawyers close courts' doors

The lawyers here Thursday in early morning had closed the doors of the sessions courts' building including some of the courtrooms and asked the litigants to leave the premises. However, later police opened doors after their negotiations with the lawyers f
Published 05 Jan, 2018 12:00am
Reserves decline
Exchange

Reserves decline

The country's total liquid foreign exchange reserves fell slightly $35 million during the last week owing to external debt payment. According to State Bank of Pakistan (SBP) weekly report issued on Thursday, the country's total foreign exchange reserves s
Published 05 Jan, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (January 04, 2018).

Published 05 Jan, 2018 12:00am
KP PML-N adopts resolution against Trump's tweet
Exchange

KP PML-N adopts resolution against Trump's tweet

Provincial Cabinet of PML-N Khyber Pakhtunkhwa Chapter Thursday passed a unanimous resolution condemning the irrational and illogical tweet of US President, Donald Trump and said that any attempt to discredit Pakistan would not be allowed.
Published 05 Jan, 2018 12:00am
Disparities in LPG prices to be removed

Disparities in LPG prices to be removed

The government has convened a meeting of the LPG importers and distributors on January 10 to remove disparities in prices of local and imported liquefied petroleum gas. Sources said that Prime Minister Shahid Khaqan Abbasi, after a meeting with the delega
Published 05 Jan, 2018 12:00am
In new video Jadhav says his mother returned 'very satisfied'

In new video Jadhav says his mother returned 'very satisfied'

In another video, released on Thursday by the Pakistani government, convicted Indian spy Kulbhushan Jadhav has accused the Indian government of threatening and harassing his mother and wife when they met him last month. The new video, apparently filmed fo
Published 05 Jan, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 04, 2018).

Published 05 Jan, 2018 12:00am
In new video Jadhav says his mother returned 'very satisfied'

In new video Jadhav says his mother returned 'very satisfied'

In another video, released on Thursday by the Pakistani government, convicted Indian spy Kulbhushan Jadhav has accused the Indian government of threatening and harassing his mother and wife when they met him last month. The new video, apparently filmed fo
Published 05 Jan, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 04, 2018).

Published 05 Jan, 2018 12:00am
PTA deposits in FCF on persistent decline
Currency

PTA deposits in FCF on persistent decline

Pakistan Telecommunication Authority (PTA) deposits in the Federal Consolidated Fund (FCF) are on persistent decline, as it deposited Rs 33.13 billion in 2016-17 compared to Rs 96.48 billion in 2013-14. This has been revealed in PTA official documents sub
Published 05 Jan, 2018 12:00am
The Weather

The Weather

The weather report on Thursday (January 04, 2018) and the forecast for Friday (January 05, 2018).

Published 05 Jan, 2018 12:00am
Umrah visa: Saudi government postpones fingerprint condition

Umrah visa: Saudi government postpones fingerprint condition

The Government of the Kingdom of Saudi Arabia has postponed the implementation of its mandatory condition of biometric fingerprint verification for Umrah visa till further order. According to details, the Travel Agents Association of Pakistan (TAAP) in it
Published 05 Jan, 2018 12:00am
Umrah visa: Saudi government postpones fingerprint condition

Umrah visa: Saudi government postpones fingerprint condition

The Government of the Kingdom of Saudi Arabia has postponed the implementation of its mandatory condition of biometric fingerprint verification for Umrah visa till further order. According to details, the Travel Agents Association of Pakistan (TAAP) in it
Published 05 Jan, 2018 12:00am
SC rejects new plea by Sharif's lawyer

SC rejects new plea by Sharif's lawyer

Supreme Court on Thursday returned deposed Prime Minister Nawaz Sharif's plea that it club the three references filed by the top anti-graft body against the Sharif family in pursuance of the court's verdict in the Panama Papers case. Earlier, Khawaja Hari
Published 05 Jan, 2018 12:00am
SC rejects new plea by Sharif's lawyer

SC rejects new plea by Sharif's lawyer

Supreme Court on Thursday returned deposed Prime Minister Nawaz Sharif's plea that it club the three references filed by the top anti-graft body against the Sharif family in pursuance of the court's verdict in the Panama Papers case. Earlier, Khawaja Hari
Published 05 Jan, 2018 12:00am
More pro-regime rallies as Iran declares 'sedition' over

More pro-regime rallies as Iran declares 'sedition' over

Iran saw another day of large pro-regime rallies on Thursday after authorities declared the end of deadly unrest and turned attention to addressing the economic concerns that fuelled protests. A week after demonstrations broke out, there was a very heavy
Published 05 Jan, 2018 12:00am
Struggling Westinghouse Electric sold to Brookfield for $4.6 billion

Struggling Westinghouse Electric sold to Brookfield for $4.6 billion

Financially-troubled Westinghouse Electric announced Thursday it agreed to be sold to Brookfield Business Partners for $4.6 billion, pending approval by a US bankruptcy court. Westinghouse, owned by Japan's Toshiba since 2006, has faced deep losses due to
Published 05 Jan, 2018 12:00am
Portent of things to come?

Portent of things to come?

Chief Minister (CM) Balochistan Nawab Sanaullah Zehri faces a serious challenge from the no-confidence motion moved against him by 14 members of the opposition and his own coalition parties. This development prompted the CM to curtail his foreign visit an
Published 05 Jan, 2018 12:00am
Protecting the national interest
Exchange

Protecting the national interest

In what appears to be a response to US President Donald Trump's New Year "gift" to Pakistan, the Securities and Exchange Commission of Pakistan (SECP) has prohibited all companies from donating cash to Jamaat-ud-Dawa, the charity wing of the banned outfit
Published 05 Jan, 2018 12:00am
'Amnestomania'
Currency

'Amnestomania'

Addicted on easy money (it includes speed money, rent seeking, tax evasion, proceeds of crime and fraud etc), certain crooked segments of society need frequent tax amnesties, immunities, concessions-it is a peculiar Pakistani disease (amnestomania). The t
Published 05 Jan, 2018 12:00am
Aspirations for 2018
Exchange

Aspirations for 2018

Events of national significance tend to linger on in our combined memoriesfor some time, even then 2018ushered in hopes of erasing some of our concerns and disappointments. The indications of the opportunities that have emerged despite the challengesare s
Published 05 Jan, 2018 12:00am
Crime pays?

Crime pays?

The Sicilian Mafia has been in the news. The last time I was inPalermo was in 1985. The Italian authorities were launching a crackdown on the La Cosa Nostra. There was palpable tension in the air. My companion was a beautiful lady called Roberta. My old f
Published 05 Jan, 2018 12:00am
Dar is unwell...

Dar is unwell...

Poor financial or economic management has led to increasing the country's circular debt. This astronomical rise in debt has been attributed to highly mismanaged power sector after top positions of public sector's power companies have been occupied by Powe
Published 05 Jan, 2018 12:00am
Rs 1.5 billion Tando Jam bypass planned

Rs 1.5 billion Tando Jam bypass planned

The Sindh Government has planned to construct six kilometres long Tando Jam Bypass with an amount of Rs 1.5 billion in order to provide alternate route for heavy traffic for Hyderabad Mirpurkhas Highway. The groundbreaking of the first flyover out of the
Published 05 Jan, 2018 12:00am
PN flotilla visit Muscat
Exchange

PN flotilla visit Muscat

Pakistan Navy flotilla comprising submarine HURMAT alongwith sail ship PNS RAHNAWARD and support ship PNS RASADGAR visited Muscat for good will cum training visit. Commander Submarines, Commodore Altaf Hussain commanded the flotilla as Mission Commander.
Published 05 Jan, 2018 12:00am
Sri Lanka receives 40,000 metric tons of fertilizer from Pakistan

Sri Lanka receives 40,000 metric tons of fertilizer from Pakistan

Sri Lanka has received the stock of 40,000 metric tons of fertilizer from Pakistan, and the fertilizer shortage prevailed in the country will end now, the co-cabinet spokesman, Minister Dayasiri Jayasekara said. The minister said that steps have been take
Published 05 Jan, 2018 12:00am
Book launched

Book launched

Zubeida Mustafa's book, My Dawn Years, will be launched at The Pakistan Institute of International Affairs on Saturday, 6 January 2018 at 4.00 pm sharp, in the Library of The Pakistan Institute of International Affairs.-PR
Published 05 Jan, 2018 12:00am
Elahi for unity of Muslim Ummah to face challenges
Exchange

Elahi for unity of Muslim Ummah to face challenges

Iranian Consul General in Lahore Majeed Sadiqui Daulat Ebadi called on Pakistan Muslim League-Q (PML-Q) senior leader Chaudhry Parvez Elahi at his residence, here Thursday and discussed matters of mutual interest. During the meeting, views were also excha
Published 05 Jan, 2018 12:00am
Perfectionism among young people rises by over 30 percent

Perfectionism among young people rises by over 30 percent

The drive to be perfect in body, mind and career among today's college students has increased by more than a third over the past three decades, said a new study. The researchers suggest that perfectionism entails "an irrational desire to achieve along wit
Published 05 Jan, 2018 12:00am
Pakistan achieves huge success in war against terrorism: Aizaz

Pakistan achieves huge success in war against terrorism: Aizaz

Ambassador to the United States Aizaz Chaudhry on Thursday said Pakistan had achieved huge success in war against terrorism. People of the country, Pakistan Army and security forces had rendered countless sacrifices in the war against terror, he said talk
Published 05 Jan, 2018 12:00am
PM meets JUI-F chief

PM meets JUI-F chief

Prime Minister Shahid Khaqan Abbasi has reportedly visited Jamiat Ulema-e-Islam (JUI-F) chief Maulana Fazalur Rehman's residence on Thursday evening and discussed political situation of Balochistan and the issue of FATA reforms with him.
Published 05 Jan, 2018 12:00am
SC rejects clubbing of references

SC rejects clubbing of references

Supreme Court on Thursday returned deposed Prime Minister Nawaz Sharif's plea that it club the three references filed by the top anti-graft body against the Sharif family in pursuance of the court's verdict in the Panama Papers case.
Published 05 Jan, 2018 12:00am
Buying hydel power from KP: CM deplores Wapda's delaying tactics

Buying hydel power from KP: CM deplores Wapda's delaying tactics

KP Chief Minister Pervez Khattak has regretted the refusal of Wapda in purchasing electricity produced by the Khyber Pakhtunkhwa government from different hydel power projects and the delaying tactics for signing power purchasing agreement.
Published 05 Jan, 2018 12:00am
Imran says always opposed Pakistan fighting war on terror

Imran says always opposed Pakistan fighting war on terror

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Thursday said that he has always opposed Pakistan fighting the war on terror on behalf of the US. In a statement issued here in response to a tweet by US President Donald Trump, PTI chief said that fig
Published 05 Jan, 2018 12:00am
Steps to be taken for capital market's growth: Afzal
Exchange

Steps to be taken for capital market's growth: Afzal

Rana Muhammad Afzal Khan, Minister of state for Finance visited Pakistan Stock Exchange (PSX) today to meet members of the Board of Directors of PSX, market participants and senior stakeholders. Muneer Kamal, Chairman PSX Board welcomed Rana and thanked h
Published 05 Jan, 2018 12:00am
KP hills: rain with snowfall forecast

KP hills: rain with snowfall forecast

A scattered rain-thunderstorm with a snowfall over the hills of Khyber Pakhtunkhwa is expected in the next 24 hours, the Met Office said on Thursday. The heavy rain and snow falls are likely in Malakand and Hazara Divisions while isolated in Peshawar, Mar
Published 05 Jan, 2018 12:00am
'Chemical-free cooking oil introduced'
Cotton

'Chemical-free cooking oil introduced'

The Punjab Oil Mills (POM) has introduced Naturelle oil which is Pakistan's first chemical-free premium cooking oil. Punjab Oil Mills CEO Tahir Jehangir said here on Thursday that he was committed to delivering natural organic cooking oil that naturelle h
Published 05 Jan, 2018 12:00am
RD on dozens of imported items revised

RD on dozens of imported items revised

The Federal Board of Revenue (FBR) has revised regulatory duty (RD) on dozens of imported items on the proposal of different sectors. It includes 5 percent RD on the import of sacks and bags of polymers of ethylene by registered units for in-house use for
Published 05 Jan, 2018 12:00am
Ex-HEC chairman directed to return Rs one million

Ex-HEC chairman directed to return Rs one million

A parliamentary panel has directed former Chairman Higher Education Commission (HEC) Dr Javed Leghari to return Rs 1 million he spent on paying the fee of Islamabad Club; otherwise, the panel will direct the HEC to get an FIR registered against him.
Published 05 Jan, 2018 12:00am
NUST for including tax education in curriculum

NUST for including tax education in curriculum

A team of Facilitation and Taxpayer Education (FATE) Wing of FBR visited the National University of Sciences & Technology (NUST) Islamabad on Thursday to request for greater academic focus and research on taxation and inculcation of tax education as a key
Published 05 Jan, 2018 12:00am
Indus Valley School Nigaah Tauqeer Muhajir scholarship programme

Indus Valley School Nigaah Tauqeer Muhajir scholarship programme

A Memorandum of Understanding (MoU) has been signed between Nigaah magazine and Indus Valley School to initiate the Nigaah Tauqeer Muhajir scholarship program where Nigaah will raise funds and donate rupees two million on an annual basis.
Published 05 Jan, 2018 12:00am
Amendment to Chapter5 of PSX Regulations under process
Exchange

Amendment to Chapter5 of PSX Regulations under process

Pakistan Stock Exchange (PSX) is in process of amending Chapter 5 (Listing of Companies and Securities Regulations) of PSX Regulations pursuant to promulgation of Listed Companies (Code of Corporate Governance) Regulations 2017 which have come into force
Published 05 Jan, 2018 12:00am
Conditions of Lahore hospitals: CJP takes suo moto notice

Conditions of Lahore hospitals: CJP takes suo moto notice

Chief Justice of Pakistan Justice Mian Saqib Nisar has taken a suo moto notice on conditions of government hospitals in Lahore. In this regard notices have been issued to all the medical superintends of 19 government hospitals of Lahore, says a press rele
Published 05 Jan, 2018 12:00am
Sindh government to set up 'business facilitation desk' at KCCI

Sindh government to set up 'business facilitation desk' at KCCI

The Government of Sindh will establish a business facilitation desk including a business registration portal in Karachi Chamber of Commerce and Industry (KCCI), said Chairperson Sindh Board of Investment (SBI), Naheed Memon. The desk will facilitate the r
Published 05 Jan, 2018 12:00am
Murad decides to regularize NTS, SU test qualified teachers

Murad decides to regularize NTS, SU test qualified teachers

Sindh Chief Minister Syed Murad Ali on Thursday decided to award time scale to the teachers appointed in 1992 and regularize the services of the NTS and Sindh University test qualified teachers. He took this decision while holding a meeting with Teachers'
Published 05 Jan, 2018 12:00am
Textile makers slam government for not paying refunds

Textile makers slam government for not paying refunds

Pakistan's home textile makers are frustrated with a soaring cost of business to compete with highly incentivized Indian towel manufacturers in the global markets. The country's towel export continues to remain stagnant at $317.357 million during July-Nov
Published 05 Jan, 2018 12:00am
Power distribution system needs improvement: PBIF

Power distribution system needs improvement: PBIF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that the government failed to pay attention to the transmission, distribution and billing system. Feeders usually trip frequently creating problems for masses and t
Published 05 Jan, 2018 12:00am
FPCCI rejects rigging charges

FPCCI rejects rigging charges

FPCCI has condemned the allegation of rigging in election of women vice president published in some section of newspapers which is false, baseless and contrary to the facts. The FPCCI further said that overall election of FPCCI for the year 2018 including
Published 05 Jan, 2018 12:00am
Over a dozen teachers detained

Over a dozen teachers detained

More than a dozen teachers were taken into custody near Karachi Press Club by police on Thursday for protesting against the government and demanding their rights. According to details, primary teachers including women from all over Sindh had gathered at t
Published 05 Jan, 2018 12:00am
SME finance policy SBP to conduct awareness programmes: Bajwa

SME finance policy SBP to conduct awareness programmes: Bajwa

Governor State Bank of Pakistan (SBP) Tariq Bajwa said on Thursday that with active support of business community and banking sector, SME finance policy recently launched by the Prime Minister will achieve its desired objectives. He said while chairing a
Published 05 Jan, 2018 12:00am
'Measures should be taken to recover dues'

'Measures should be taken to recover dues'

Provincial Minister for Excise and Taxation & Narcotics Control Mukesh Kumar Chawla has said that appropriate measures should be taken for recovery of outstanding dues and regular report should be maintained in this regard. Presiding over a meeting, he sa
Published 05 Jan, 2018 12:00am
PIA re-launches Colts Scheme

PIA re-launches Colts Scheme

Pakistan International Airlines (PIA) has re-launched 'Colts Scheme' for squash players under the guidance of sportsman of the millennium Jahangir Khan. The launching ceremony, which was attended by Javed Miandad, Moin Khan, Olympian Salahuddin and others
Published 05 Jan, 2018 12:00am
ATM skimming fraud: SBP officials suspect bank staff's involvement

ATM skimming fraud: SBP officials suspect bank staff's involvement

Some clues picked up in the ongoing investigation into an Automated Teller Machine (ATM) skimming fraud point towards involvement of bank staff in the scam, State Bank of Pakistan officials revealed on Thursday. In a seminar held at the Institute of Banke
Published 05 Jan, 2018 12:00am
Reserves decline
Exchange

Reserves decline

The country''s total liquid foreign exchange reserves fell slightly $35 million during the last week owing to external debt payment. According to State Bank of Pakistan (SBP) weekly report issued on Thursday, the country''s total foreign exchange reserves
Published 05 Jan, 2018 12:00am
REAP, TDAP discuss new steps to enhance exports

REAP, TDAP discuss new steps to enhance exports

A delegation of Rice Exporters Association of Pakistan (REAP), led by Rafique Suleman, Senior Vice Chairman had a meeting with Inamullah Khan, Secretary Trade Development Authority of Pakistan (TDAP) at TDAP Head Office Karachi to discuss the issues being
Published 05 Jan, 2018 12:00am
PTCL promotes cause of education in Pakistan

PTCL promotes cause of education in Pakistan

Pakistan Telecommunication Company Limited (PTCL) believes that investing in education is vital to Pakistan's long term prosperity. Improving education outcomes is of utmost importance and requires action from all quarters including corporations.
Published 05 Jan, 2018 12:00am
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