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Archive - 2018-01-19
NBP upgrades Custom House branch   
Top News

NBP upgrades Custom House branch   

ISLAMABAD: In order to provide high quality and efficient services to its customers, the National Bank of Pakistan (NBP)
Published 19 Jan, 2018 12:21pm
SBP injects Rs935bn into market    
Top News

SBP injects Rs935bn into market    

KARACHI: State Bank of Pakistan on Friday injected Rs 935 billion into money market for seven days as reverse repo throu
Published 19 Jan, 2018 12:04pm
From garbage to energy
Power Generation

From garbage to energy

Municipal solid waste (MSW), which in crude terms is garbage, is a major nuisance for any country. Most have come up wit
Published 19 Jan, 2018 09:12am
Power sector: Cabinet expresses annoyance at ''figure fudging''

Power sector: Cabinet expresses annoyance at ''figure fudging''

The federal cabinet has expressed serious annoyance at "figure fudging" by the Power Division with respect to electricity generation and non availability of adequate infrastructure for evacuation of extra electricity likely to be produced in the coming mo
Published 19 Jan, 2018 12:00am
Cabinet approves recovery of GIDC from CNG sector

Cabinet approves recovery of GIDC from CNG sector

The Cabinet has approved recovery of Gas Infrastructure Development Cess (GIDC) from CNG sector, according to the Ministry of Petroleum. Senior officials of Ministry of Petroleum and Natural Resources stated on Thursday during a meeting of the Senate Stan
Published 19 Jan, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 18, 2018).

Published 19 Jan, 2018 12:00am
Cabinet approves recovery of GIDC from CNG sector

Cabinet approves recovery of GIDC from CNG sector

The Cabinet has approved recovery of Gas Infrastructure Development Cess (GIDC) from CNG sector, according to the Ministry of Petroleum. Senior officials of Ministry of Petroleum and Natural Resources stated on Thursday during a meeting of the Senate Stan
Published 19 Jan, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 18, 2018).

Published 19 Jan, 2018 12:00am
Cabinet approves recovery of GIDC from CNG sector

Cabinet approves recovery of GIDC from CNG sector

The Cabinet has approved recovery of Gas Infrastructure Development Cess (GIDC) from CNG sector, according to the Ministry of Petroleum. Senior officials of Ministry of Petroleum and Natural Resources stated on Thursday during a meeting of the Senate Stan
Published 19 Jan, 2018 12:00am
Pakistan Mercantile Exchange - PMEX
Exchange

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (January 18, 2018).

Published 19 Jan, 2018 12:00am
India test-fires nuclear-capable ICBM Agni-V

India test-fires nuclear-capable ICBM Agni-V

India on Thursday test-fired its Agni-V intercontinental ballistic missile (ICBM) in its final operational configuration from the Abdul Kalam Island off the Odisha coast, taking another step forward toward its eventual induction into the Strategic Forces
Published 19 Jan, 2018 12:00am
20 tariff lines: Indonesia cuts duty to zero percent
Cotton

20 tariff lines: Indonesia cuts duty to zero percent

Indonesia is said to have reduced duty to zero percent on 20 tariff lines after successful negotiations with government of Pakistan, a senior official of FBR told Business Recorder. Indonesia is the biggest economy of ASEAN region with GDP of aroun
Published 19 Jan, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (January 18, 2018)

Published 19 Jan, 2018 12:00am
20 tariff lines: Indonesia cuts duty to zero percent
Cotton

20 tariff lines: Indonesia cuts duty to zero percent

Indonesia is said to have reduced duty to zero percent on 20 tariff lines after successful negotiations with government of Pakistan, a senior official of FBR told Business Recorder. Indonesia is the biggest economy of ASEAN region with GDP of aroun
Published 19 Jan, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (January 18, 2018).

Published 19 Jan, 2018 12:00am
20 tariff lines: Indonesia cuts duty to zero percent
Cotton

20 tariff lines: Indonesia cuts duty to zero percent

Indonesia is said to have reduced duty to zero percent on 20 tariff lines after successful negotiations with government of Pakistan, a senior official of FBR told Business Recorder. Indonesia is the biggest economy of ASEAN region with GDP of aroun
Published 19 Jan, 2018 12:00am
India's SC lifts ban on release of 'Padmaavat'

India's SC lifts ban on release of 'Padmaavat'

India's top court on Thursday overturned a ban imposed by several states on the release of a Bollywood epic about a mythical Hindu queen. The Supreme Court said the ban, which followed violent protests by members of the Hindu right who claimed the film fa
Published 19 Jan, 2018 12:00am
India's SC lifts ban on release of 'Padmaavat'

India's SC lifts ban on release of 'Padmaavat'

India's top court on Thursday overturned a ban imposed by several states on the release of a Bollywood epic about a mythical Hindu queen. The Supreme Court said the ban, which followed violent protests by members of the Hindu right who claimed the film fa
Published 19 Jan, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 18, 2018).

Published 19 Jan, 2018 12:00am
AD Khawaja has power to make appointments, rules SC

AD Khawaja has power to make appointments, rules SC

Restraining the federal government from taking any action against incumbent police chief of Sindh province, Supreme Court Thursday declared that AD Khawaja will have the authority of transfers and postings in the department. Accepting the Sindh government
Published 19 Jan, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 18, 2018).

Published 19 Jan, 2018 12:00am
AD Khawaja has power to make appointments, rules SC

AD Khawaja has power to make appointments, rules SC

Restraining the federal government from taking any action against incumbent police chief of Sindh province, Supreme Court Thursday declared that AD Khawaja will have the authority of transfers and postings in the department. Accepting the Sindh government
Published 19 Jan, 2018 12:00am
The Weather

The Weather

The weather report on Thursday (January 18, 2018) and the forecast for Friday (January 19, 2018).

Published 19 Jan, 2018 12:00am
PML-N, allies discuss Senate elections, Balochistan

PML-N, allies discuss Senate elections, Balochistan

Prime Minister Shahid Khaqan Abbasi Thursday held a meeting with former premier Nawaz Sharif at his Raiwind residence and discussed the party's future course of action in the wake of the country's overall political situation and forthcoming Senate electio
Published 19 Jan, 2018 12:00am
PML-N, allies discuss Senate elections, Balochistan

PML-N, allies discuss Senate elections, Balochistan

Prime Minister Shahid Khaqan Abbasi Thursday held a meeting with former premier Nawaz Sharif at his Raiwind residence and discussed the party's future course of action in the wake of the country's overall political situation and forthcoming Senate electio
Published 19 Jan, 2018 12:00am
The FDI slide
Exchange

The FDI slide

According to the State Bank of Pakistan (SBP) website, foreign direct investment (FDI) posted a decline of 2.8 percent during the first half of the current fiscal year (July-December 2017) in comparison to the comparable period of the year before; in tota
Published 19 Jan, 2018 12:00am
A damp squib

A damp squib

The loud and maximalist claims by the opposition parties participating in Tahirul Qadri's sit-in on The Mall Lahore on Wednesday turned out to be hollow. The rally's failure to stir the masses or the imagination despite two major opposition parties, the P
Published 19 Jan, 2018 12:00am
Open governance doctrine - I

Open governance doctrine - I

What we lack most in Pakistan is open governance that is a prerequisite for participatory democracy. This doctrine recognises the right of citizens to have access to the documents and proceedings of the government. The access to information empowers citiz
Published 19 Jan, 2018 12:00am
A genuine Pakistani great

A genuine Pakistani great

As its youngest and first-ever Pakistani Commander-in-Chief (C-in-C) to head the Pakistan Air Force (PAF) from 1957 to 1965, Air Marshal Asghar Khan is eulogized not only for his professional acumen but also for the national stature that he achieved. His
Published 19 Jan, 2018 12:00am
Japan in driver's seat for Indian bullet train deals

Japan in driver's seat for Indian bullet train deals

Japanese steel and engineering companies are in the driver's seat to bag major supply contracts for a $17 billion Indian bullet train, several sources said, undermining a key component of Prime Minister Narendra Modi's economic policy - a push to 'Make in
Published 19 Jan, 2018 12:00am
India's growing belligerence

India's growing belligerence

Business Recorder op-ed writer M. Ziauddin has touched a very important subject in his article titled "A capsule view of Indian economy" carried by the newspaper on Wednesday. According to him, "Pakistan is justified in being wary of India; perhaps
Published 19 Jan, 2018 12:00am
Bilawal orders probe into youth killing
Exchange

Bilawal orders probe into youth killing

Pakistan Peoples' Party Chairman Bilawal Bhutto Zardari announced on Thursday that he has directed Home Minister Sohail Anwar Siyal to conduct an inquiry into the controversial killing of Naseemullah, a 27-year-old resident of South Waziristan, on January
Published 19 Jan, 2018 12:00am
Naqib was killed in fake encounter, claims MPA

Naqib was killed in fake encounter, claims MPA

An MPA belonging to the Pakistan Tehreek-e-Insaf charged during Thursday's assembly session that the recent killing of a youth in Karachi resulted from a fake police encounter, describing the death as judicial murder.
Published 19 Jan, 2018 12:00am
Asma murder case: Jirga gives ultimatum for arresting culprits

Asma murder case: Jirga gives ultimatum for arresting culprits

A Jirga in Mardan has given an ultimatum of 72 hours to the provincial government to arrest the culprits behind the brutal rape and murder of four-year old girl Asma. The Jirga warned the government that they would hit the streets if the culprits were not
Published 19 Jan, 2018 12:00am
Zainab case was one-man job, top government officials say

Zainab case was one-man job, top government officials say

Top government officials have reasons to believe that the rape and murder of Zainab Ameen was a one-man job and they link this incident with similar assaults on eight other minor girls during the last two years in Kasur district. "This is a job of a seria
Published 19 Jan, 2018 12:00am
Pakistan, Iran agree to revive passenger train after 12 years

Pakistan, Iran agree to revive passenger train after 12 years

Citing improved security situation, Pakistan and Iran have agreed to restart passenger train after around 12 years and increase the number of freight trains, which would give a big boost to the China-Pakistan Economic Corridor (CPEC), claimed Pakistan Rai
Published 19 Jan, 2018 12:00am
Commander Southern Command meets Balochistan CM
Exchange

Commander Southern Command meets Balochistan CM

Commander Southern Command Lieutenant General Asim Saleem Bajwa called on Chief Minister Balochistan Abdul Quddus Bizenjo here on Thursday. According to hand out, they exchanged views about provincial security and programs for development of Balochistan.
Published 19 Jan, 2018 12:00am
Low recovery of loans: HBFC has almost become bankrupt, says minister

Low recovery of loans: HBFC has almost become bankrupt, says minister

Minister of State for Finance, Rana Muhammad Afzal has stated that House Building Finance Corporation (HBFC) has almost become bankrupt due to lower recoveries of the disbursed loans. Speaking at a meeting of the Senate Standing Committee on Finance chair
Published 19 Jan, 2018 12:00am
APHC urges international community to take notice of situation in IoK

APHC urges international community to take notice of situation in IoK

All Parties Hurriyat Conference (APHC) while condemning the brutal killing of Kashmiri youth and illegal detention of freedom movement leaders by Indian forces in Occupied Kashmir urged the global community on Thursday to take serious notice of the situat
Published 19 Jan, 2018 12:00am
SC to develop principles of retirement benefits

SC to develop principles of retirement benefits

The Supreme Court agreed on Friday to wade into the issue of pensionary benefits of retired employees of banks and other state organizations in the country, saying it will develop principles for retirement benefits. Concluding his arguments being amicus c
Published 19 Jan, 2018 12:00am
JC recommends LHC CJ's elevation to SC

JC recommends LHC CJ's elevation to SC

Judicial Commission of Pakistan on Thursday recommended elevation of Chief Justice Lahore High Court, Justice Mansoor Ali Shah, to Supreme Court of Pakistan. A meeting of Judicial Commission for appointment of judges in the superior courts was held in the
Published 19 Jan, 2018 12:00am
Ch Rasheed's death anniversary on January 21

Ch Rasheed's death anniversary on January 21

The death anniversary of former president Newspaper Seller Union, Chaudhry Rasheed will be observed on 21 January, 2018 Sunday at 5.ooPM. Quran Khani will be held at 4.00pm and Duwa will be at 5.OO PM at Akhbar Market, 1 Mayo Hospital road Lahore.
Published 19 Jan, 2018 12:00am
Premature dissolution of assemblies won't affect Senate poll: PM

Premature dissolution of assemblies won't affect Senate poll: PM

Prime Minister Shahid Khaqan Abbasi Thursday said the premature dissolution of any provincial assembly or assemblies would not affect the Senate election, which would be held in time as per the Constitution. "In case, any provincial assembly is dissolved
Published 19 Jan, 2018 12:00am
Delimitation of constituencies to be completed by February 28

Delimitation of constituencies to be completed by February 28

The Election Commission of Pakistan (ECP) has received block-wise census data from Pakistan Bureau of Statistics (PBS) and has started the process of delimitation. An official of the ECP told Business Recorder that the Commission received all neces
Published 19 Jan, 2018 12:00am
JI Shoora calls for timely elections

JI Shoora calls for timely elections

The central Shoora of the Jamaat-e-Islami has reiterated that any supra constitutional dispensation would be a serious threat to the country's existence and has called for holding elections on schedule in a free, fair and impartial atmosphere. The Shoora,
Published 19 Jan, 2018 12:00am
Steps taken to facilitate corporate sector: Marriyum

Steps taken to facilitate corporate sector: Marriyum

Under the leadership of the former Prime Minister Nawaz Sharif, the country has been put on the path of sustained economic development and prosperity during the last four and a half years, by surmounting the challenges like terrorism and energy crisis. Mi
Published 19 Jan, 2018 12:00am
Fata youths to be provided ample opportunities: POA chief

Fata youths to be provided ample opportunities: POA chief

President Pakistan Olympic Association (POA) Lieutenant General Arif Hassan (Retd) has said that the youth of war-torn tribal areas to be brought in mainstream by providing them ample opportunities to excel by utilizing their hidden talent in sports.
Published 19 Jan, 2018 12:00am
Decision in petition against policy of B-Form for students reserved

Decision in petition against policy of B-Form for students reserved

The Lahore High Court reserved its verdict in a petition challenging policy of B-Form for students who had to appear in 9th class examination. Earlier, the Punjab Board of Intermediate and Secondary Education submitted its reply. The petitioners' counsel
Published 19 Jan, 2018 12:00am
Siraj accuses rulers of promoting obscenity

Siraj accuses rulers of promoting obscenity

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq has said that the rulers promoting nudity and obscenity in the country, at the behest of the west, were responsible for the molestation and murder of minor girls like Zainab. Addressing the concludin
Published 19 Jan, 2018 12:00am
NBP upgrades Custom House Branch

NBP upgrades Custom House Branch

National Bank of Pakistan (NBP) has upgraded its Custom House branch to a modern facility to provide high quality and efficient services to its customers.
Published 19 Jan, 2018 12:00am
Speakers term Trump's agenda 'racist'

Speakers term Trump's agenda 'racist'

Former defence secretary Tariq Waseem Ghazi said on Thursday that US President Donald Trump is replacing the policies of his predecessor Barak Obama to establish supremacy of white Americans. In a speech at the Pakistan Institute of International Affairs,
Published 19 Jan, 2018 12:00am
Pakistani Kinnow week's inaugural ceremony attracts large crowd

Pakistani Kinnow week's inaugural ceremony attracts large crowd

Mahzan Batterjie Vice Chairman Jeddah Chamber inaugurated Pakistan Kinnow week at Manuel Super Market in Jeddah. The other guests of honour at the occasion were Abdulelah Al Dervish Chairman Manuel and Khalid Al Dervish CEO of Manuel Supermarket. The inau
Published 19 Jan, 2018 12:00am
Customs value of different chemicals revised

Customs value of different chemicals revised

Directorate General Customs Valuation (DGCV) has revised the customs value of different chemicals. According to revised valuation ruling, the customs values of chemicals namely Glycerin, Ammonium Bi Carbonate, Butyl Acrylate, Chlorinated Paraffin Wax (Liq
Published 19 Jan, 2018 12:00am
FPCCI hails PM's amnesty scheme

FPCCI hails PM's amnesty scheme

President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Ghazanfar Bilour has welcomed the Prime Minister's decision of one-time tax amnesty scheme to bring back the offshore wealth of Pakistanis deposited in foreign banks. They have inv
Published 19 Jan, 2018 12:00am
Speakers for promoting SMEs in rural areas

Speakers for promoting SMEs in rural areas

Speakers at a seminar on self-sustaining rural enterprises here at University of Agriculture (UAF) urged to promote Small and Medium Enterprises (SMEs) to transform the rural setup into growing business hubs of the country. The seminar was organized by In
Published 19 Jan, 2018 12:00am
FPCCI to organize 'Punjab Business Symposium'

FPCCI to organize 'Punjab Business Symposium'

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will organize Punjab Business Symposium on January 23 here in Lahore. The purpose of holding symposium is to highlight business community concerns and opinions to the government by provi
Published 19 Jan, 2018 12:00am
Attock's potential as tourism industry highlighted
Exchange

Attock's potential as tourism industry highlighted

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that Attock can play effective role in development of tourism industry as many historical monuments like Gurdwara Panja Sahib, Attock Forte, Ghazi Bharotha Hydro Po
Published 19 Jan, 2018 12:00am
Aman Foundation wins CSR award

Aman Foundation wins CSR award

The Corporate Social Responsibility (CSR) initiatives of The Aman Foundation won prestigious accolades at the 9th Annual CSR Summit, held by the National Forum for Environment & Health (NFEH), at the Serena Hotel, Islamabad. The General Manager, Marketing
Published 19 Jan, 2018 12:00am
Zia endorses KCCI's demand for representation in SSGC's BoD

Zia endorses KCCI's demand for representation in SSGC's BoD

Chairman of Sui Southern Gas Company (SSGC), Lieutenant-General Javed Zia (retd.), has admitted that gas pressure is low nowadays and supply remains suspended every Sunday but SSGC's top priority is to improve gas pressure during the ongoing winter season
Published 19 Jan, 2018 12:00am
Clean energy projects: USAID hosts workshop to encourage financing

Clean energy projects: USAID hosts workshop to encourage financing

The US Agency for International Development (USAID) with USAID's Development Credit Authority (DCA) in Washington, D.C. held a workshop with the Government of Pakistan and private energy developers to encourage financing for new private clean energy proje
Published 19 Jan, 2018 12:00am
Refugees seek extension in stay till normalcy returns to Afghanistan

Refugees seek extension in stay till normalcy returns to Afghanistan

Afghan Refugees living in different parts of the Khyber Pakhtunkhwa have demanded of the federal government to extend their stay in the country till the returning of complete normalcy in Afghanistan. Speaking at a news conference at Peshawar Press Club on
Published 19 Jan, 2018 12:00am
Khattak approves recruitment of KPRA's officials

Khattak approves recruitment of KPRA's officials

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has formally approved the appointment of a number of officers and officials from BPS-7 to BPS-19 in the newly established autonomous body Khyber Pakhtunkhwa Regulatory Authority (KPRA).
Published 19 Jan, 2018 12:00am
RCCI delegation meets Qatari envoy

RCCI delegation meets Qatari envoy

The Rawalpindi Chamber of Commerce and Industry (RCCI) delegation led by its president Zahid Latif Khan called on Qatar Ambassador Saqr Bin Mubarak Al Mansoori in Islamabad. The delegation includes Senior Vice President Muhammad Nasir Mirza, Vice Presiden
Published 19 Jan, 2018 12:00am
Amendments to Civil Servants Act, 1973, relevant rules prepared

Amendments to Civil Servants Act, 1973, relevant rules prepared

A parliamentary panel has prepared draft amendments in Civil Servants Act, 1973 and relevant rules, which would be submitted to Law Ministry for its review. The sub-committee of the Senate Standing Committee on Law and Justice met here with Farooq Hamid N
Published 19 Jan, 2018 12:00am
Deceptive marketing: CCP imposes penalty on company

Deceptive marketing: CCP imposes penalty on company

The Competition Commission of Pakistan (CCP) has passed an order imposing a penalty of Rs 1 million on a frozen foods company, Kitchen Stone Foods, for running a deceptive marketing campaign for its food products in violation of Section 10 of the Competit
Published 19 Jan, 2018 12:00am
Rabbani terms US, Zionist nexus a threat to Ummah

Rabbani terms US, Zionist nexus a threat to Ummah

Senate Chairman Mian Raza Rabbani warned the Muslim world that the emerging nexus between the United States and the Zionist Regime is a major threat to the Ummah. According to a press release issued by the Senate secretariat, Rabbani said this while addre
Published 19 Jan, 2018 12:00am
PHC directs FBR, NHS to submit replies thru writ petition

PHC directs FBR, NHS to submit replies thru writ petition

A division bench of Peshawar High Court (PHC) Thursday directed the Federal Board of Revenue, Federal Finance Division and Ministry of National Health Services to submit replies in a writ petition challenging amendments made in Federal Excise Act, which h
Published 19 Jan, 2018 12:00am
Bugvi made SSP (operations) Islamadad

Bugvi made SSP (operations) Islamadad

The government on Thursday appointed Najeeb-ur-Rehman Bugvi, a BS-19 officer, as new Senior Superintendent of Police (operations) Islamabad. According to a notification issued by the Establishment Division, Bugvi, a BS-19 officer of Police Services of Pak
Published 19 Jan, 2018 12:00am
Bank AL Habib declares PLS profit rates

Bank AL Habib declares PLS profit rates

Bank AL Habib Limited has declared the following rates of profit on PLS deposits for the period from July 1, 2017 to December 31, 2017:

Published 19 Jan, 2018 12:00am
Bank AL Habib declares PLS profit rates

Bank AL Habib declares PLS profit rates

Bank AL Habib Limited has declared the following rates of profit on PLS deposits for the period from July 1, 2017 to December 31, 2017:

Published 19 Jan, 2018 12:00am
One killed, five injured as grenade hurled in cloth market

One killed, five injured as grenade hurled in cloth market

One person was killed and five others were injured when alleged extortionists hurled a grenade in a cloth market in Kharadar, here on Thursday. The hand grenade exploded at Cochinwala cloth market, and is said to have been thrown by extortionists. Police
Published 19 Jan, 2018 12:00am
Forex reserves slip below $20 billion
Exchange

Forex reserves slip below $20 billion

The country's foreign exchange reserves maintained a declining trend reaching below $ 20 billion at the end of last week. According to State Bank of Pakistan's (SBP) weekly report issued Thursday, Pakistan's total liquid foreign exchange reserves fell by
Published 19 Jan, 2018 12:00am
Bestway Cement bags five CSR awards

Bestway Cement bags five CSR awards

Bestway Cement was honoured for its efforts in contributing positively to sustainable development, when it bagged five awards at the prestigious 10th Annual CSR Awards 2018 ceremony organised by the National Forum for Environment & Health (NFEH), held in
Published 19 Jan, 2018 12:00am
Shahbaz lambastes Imran, Rashid for criticising legislatures

Shahbaz lambastes Imran, Rashid for criticising legislatures

Punjab Chief Minister Muhammad Shehbaz Sharif Thursday said that if NAB or any other body could prove corruption of even a single penny during his three tenures, he shall be fully answerable to the people. "I have already said that I must be arrested if I
Published 19 Jan, 2018 12:00am
South Asia Economic Students' moot begins in Bangladesh
Exchange

South Asia Economic Students' moot begins in Bangladesh

The 14th South Asia Economic Students' Meet (SAESM) commences in Chittagong, Bangladesh, embracing the arrival of over 110 top Economics undergraduates and faculties from seven countries in South Asia towards the realization of a more integrated South Asi
Published 19 Jan, 2018 12:00am
Kashmir Day: PPP to hold rally at Mochi Gate on February 5

Kashmir Day: PPP to hold rally at Mochi Gate on February 5

Pakistan People's Party (PPP) will hold a public rally at Mochi Gate to mark Kashmir Day on February 5. Co-chairman PPP Asif Zardari took this decision in a meeting with PPP Punjab delegation. President PPP Punjab Qamar Zaman Kaira led the delegation.
Published 19 Jan, 2018 12:00am
Naqeeb's killing: Sindh IG sets up three-member committee

Naqeeb's killing: Sindh IG sets up three-member committee

IG Sindh AD Khawaja has constituted a 3-member committee to investigate the killing of Naseemullah alias Naqeeb Mehsud in an alleged encounter by SSP Malir Rao Anwar. The move comes after PPP Chairman Bilawal Bhutto directed Sindh Home Minister Sohail Anw
Published 19 Jan, 2018 12:00am
KATI leader's advice to entrepreneurs

KATI leader's advice to entrepreneurs

The president of the Korangi Association of Trade and Industry (KATI), Tariq Malik, has said that unemployment is one of the greatest challenge faced by the nation. There is only way of facilitating business and creating investment opportunities and start
Published 19 Jan, 2018 12:00am
Two die as dumper hits bike

Two die as dumper hits bike

Two people died when an over-speeding dumper hit a motorcycle in the metropolis, here on Thursday. Rescue sources said a reckless driven dumper knocked down a motorcycle carrying two people in Gulshan-e-Maymar Karachi. Both motorcycle riders died on the s
Published 19 Jan, 2018 12:00am
Third edition of Javed Jabbar's book launched

Third edition of Javed Jabbar's book launched

Oxford University Press held a discussion on Thursday on the third revised edition of book "Pakistan - Unique Origins; Unique Destiny?" by Javed Jabbar. Giving introductory remarks on the book, the writer said the revised and updated edition retains sharp
Published 19 Jan, 2018 12:00am
NBFI & Modaraba to be benefited by Shariah Compliant Trading Platform

NBFI & Modaraba to be benefited by Shariah Compliant Trading Platform

NBFI & Modaraba sector will take full advantage of the recently launched Shariah Compliant Trading Platform at PMEX who facilitated the Country's first electronic Murabaha Transaction on Commodity Murabaha. This was stated by Basheer A. Chowdry, Chairman,
Published 19 Jan, 2018 12:00am
Gepco takes steps to reduce distribution losses

Gepco takes steps to reduce distribution losses

Gujranwala Electric Power Company (Gepco) has started taking measures to reduce power distribution losses in its region (both aggregate technical and commercial) which are perpetual drain on the power sector finances and perennial cause of increased circu
Published 19 Jan, 2018 12:00am
Seasonal flu claims another life in Multan

Seasonal flu claims another life in Multan

A seasonal outbreak of influenza claimed another life in Multan on Thursday, taking the death toll to 24. The deceased, a 22-year-old girl hailing from Layyah, was under treatment at Nishtar Hospital, informed the hospital sources. The spokesperson for th
Published 19 Jan, 2018 12:00am
E-Credit Scheme improves liquidity in agriculture sector: ITU VC

E-Credit Scheme improves liquidity in agriculture sector: ITU VC

The Agriculture e-Credit Scheme has improved liquidity in the agriculture sector, timely availability of crop inputs, an increase in yield and higher profit margins. This was stated by Dr Umar Saif founding Vice Chancellor of Information Technology Univer
Published 19 Jan, 2018 12:00am
Orange Line train's underground track to be completed by December

Orange Line train's underground track to be completed by December

A deadline of December 2018 has been set by the Punjab government for the construction of underground track of Orange Line Metro Train (OLMT) project, said sources. However, the Orange Line train would start operating on the already completed tracks by th
Published 19 Jan, 2018 12:00am
2015-2018: 'STPF badly failed to meet target of exports growth'

2015-2018: 'STPF badly failed to meet target of exports growth'

The Strategic Trade Policy Framework (STPF) 2015-2018 has badly failed to meet the target of exports growth in comparison to peer economies such as India and Bangladesh, Secretary General Business Men Panel of FPCCI Ahmad Jawad told Business Recorder, her
Published 19 Jan, 2018 12:00am
Tevta's driving course to be conducted in five districts

Tevta's driving course to be conducted in five districts

Chairman Technical Education and Vocational Training Authority (TEVTA) Irfan Qaiser Sheikh has said that TEVTA has decided to extend the facility of free driving learning course to five districts of Punjab. While addressing the meeting of TEVTA's Core Com
Published 19 Jan, 2018 12:00am
Man arrested for illegal hunting

Man arrested for illegal hunting

The Wildlife & Parks Department Punjab on Thursday arrested one Abdul Majeed on charges of illegally netting parrots in the area of Wagha and recovered two parrots, one net and a motorcycle from his possession. However, two accomplices of the accused name
Published 19 Jan, 2018 12:00am
PCJCCI launches first employment exchange programme
Exchange

PCJCCI launches first employment exchange programme

The Pak-China Joint Chamber of Commerce and Industry on Thursday launched first employment exchange programme to connect people with the employment opportunities created under the CPEC project. With a view to put plan into reality, collaboration has been
Published 19 Jan, 2018 12:00am
Shahbaz lauds Aga Khan Trust's services in health, educational fields

Shahbaz lauds Aga Khan Trust's services in health, educational fields

Punjab Chief Minister Muhammad Shahbaz Sharif on Thursday said mutual co-operation between Punjab government and Aga Khan Trust is expanding day by day with unprecedented steps for the restoration of historical places as well as the centuries' old walled
Published 19 Jan, 2018 12:00am
Taxpayer facilitation: PRA introduces e-hearing option for appellants

Taxpayer facilitation: PRA introduces e-hearing option for appellants

The Punjab Revenue Authority has taken initiative of introducing e-hearing option to appellant in addition to the existing personal appearance for appeals before commissioner appellate forums. It is learnt that the facility will be available in Lahore and
Published 19 Jan, 2018 12:00am
Total cargo handling at KPT stands at 27.198 million tons in six months

Total cargo handling at KPT stands at 27.198 million tons in six months

Total cargo handling at Karachi Port Trust (KPT) remained at 27.198 million tons during last six months (July-December) of the ongoing financial year 2017-18, whereas it closed last year for the same period at 25.83 million tons, hence showing a comparati
Published 19 Jan, 2018 12:00am
Petition against PIA privatization adjourned

Petition against PIA privatization adjourned

The Lahore High Court adjourned to January 25 the hearing in a petition challenging proposed privatization of Pakistan International Airline (PIA) and the asked petitioner-lawyer to apprise it about the process for privatization of a government institutio
Published 19 Jan, 2018 12:00am
Petition against PIA privatization adjourned

Petition against PIA privatization adjourned

The Lahore High Court adjourned to January 25 the hearing in a petition challenging proposed privatization of Pakistan International Airline (PIA) and the asked petitioner-lawyer to apprise it about the process for privatization of a government institutio
Published 19 Jan, 2018 12:00am
Pakistan-Philippines policy consultations' fifth session held

Pakistan-Philippines policy consultations' fifth session held

The 5th round of the Pakistan-Philippines bilateral policy consultations was held on Thursday in Islamabad. Pakistan side was led by Foreign Secretary Tehmina Janjua, while Enirque A. Manalo, Under-secretary (Deputy Minister) for Policy, Department of For
Published 19 Jan, 2018 12:00am
US MIDDAY: gold flat

US MIDDAY: gold flat

Gold was flat in a narrow range on Thursday, first dipping as the dollar rose and then rising as the dollar moved lower, but bullion's gains were limited by higher US Treasury yields. Financial market players were concerned about a possible US government
Published 19 Jan, 2018 12:00am
US MIDDAY: soyabeans rise

US MIDDAY: soyabeans rise

US soyabean futures climbed for a fourth straight session on Thursday to the highest in nearly two weeks on concerns that dry conditions in Argentina could reduce the soyabean crop and scale back soyameal supplies. Wheat futures rose on short-covering and
Published 19 Jan, 2018 12:00am
Gold rises in Europe

Gold rises in Europe

Gold edged higher on Thursday after hitting its lowest in nearly a week as the dollar weakened, but analysts said bullion was vulnerable to more losses. Spot gold was up 0.2 percent at $1,330.71 per ounce by 1500 GMT. Earlier in the session, it touched it
Published 19 Jan, 2018 12:00am
Gold slips in Asia

Gold slips in Asia

Gold slipped on Thursday, hitting its lowest in nearly a week, as the dollar edged higher from three-year lows on stronger-than-expected US economic data. Spot gold was down 0.1 percent at $1,326.11 per ounce as of 0726 GMT. Earlier in the session, it tou
Published 19 Jan, 2018 12:00am
Gold flat in New York
Currency

Gold flat in New York

Gold prices hovered near four-month highs on Wednesday as the US dollar slipped against a basket of currencies. In see-saw trading, the dollar had risen early against the euro as the single currency backed away from a three-year high. But the greenback la
Published 19 Jan, 2018 12:00am
Raw sugar slumps, New York cocoa off six-week high

Raw sugar slumps, New York cocoa off six-week high

Raw sugar futures extended steep losses to a 3-1/2-month low on Thursday, falling into technically oversold territory as expectations for ample global supplies kept the pressure on prices, while New York cocoa fell from a six-week high. March raw sugar se
Published 19 Jan, 2018 12:00am
Palm oil hits three-week low
Vegetable Oil

Palm oil hits three-week low

Malaysian palm oil futures fell to a three-week low on Thursday on concerns that demand could take a hit from a European Union move towards banning the use of palm oil in biofuels. The benchmark palm oil contract for April delivery on the Bursa Malaysia D
Published 19 Jan, 2018 12:00am
Rubber rises
Exchange

Rubber rises

Benchmark Tokyo rubber futures rose on Thursday, snapping two days of losses, as higher physical prices in Thailand and a drop in the yen against the dollar lent support, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for June delivery
Published 19 Jan, 2018 12:00am
Oil strengthens after record stockpile draw at US crude hub

Oil strengthens after record stockpile draw at US crude hub

Oil rebounded after slipping below $69 a barrel on Thursday, supported by a record drawdown of US crude stockpiles at the Cushing, Oklahoma delivery hub, despite concerns that Opec-led output cuts will increase supply from the United States. Crude is just
Published 19 Jan, 2018 12:00am
Nigeria passes major oil reform bill

Nigeria passes major oil reform bill

Nigeria has moved closer to turning an oil industry bill into law after a 17 year struggle to complete the legislation which aims to increase transparency and stimulate growth in the country's oil industry. Nigeria' lower house of parliament has passed a
Published 19 Jan, 2018 12:00am
Upbeat China industrial data boosts copper

Upbeat China industrial data boosts copper

Copper rose on Thursday as a robust performance by China's industrial sector helped to lift the biggest metal consumer's economic growth in the fourth quarter. Benchmark copper closed 0.6 percent higher at $7,076 a tonne after the metal used in power and
Published 19 Jan, 2018 12:00am
Shanghai metals mixed
Exchange

Shanghai metals mixed

Shanghai base metals futures turned mixed in late Asian hours on Thursday with better-than-expected China economic data coming in just before the market close, which pushed up LME copper. The most-traded copper contract on the Shanghai Futures Exchange cl
Published 19 Jan, 2018 12:00am
New York cotton futures rise
Cotton

New York cotton futures rise

ICE cotton futures gained nearly 1 percent on Wednesday, after falling in the two previous sessions, supported by mill buying. The most active ICE cotton contract for March expiry settled up 0.71 cent, or 0.87 percent, at 82.14 cents per lb. It traded wit
Published 19 Jan, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 19 Jan, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 19 Jan, 2018 12:00am
Tillerson says Russia helps North Korea get fuel

Tillerson says Russia helps North Korea get fuel

US Secretary of State Rex Tillerson says that Russia is helping North Korea evade some of the sanctions imposed on it to force it to halt its nuclear missile program. Last year, Russia signed up to United Nations sanctions pushed by Washington as a way to
Published 19 Jan, 2018 12:00am
Turkey 'not satisfied' with US assurance over Syria force

Turkey 'not satisfied' with US assurance over Syria force

Turkey on Thursday described as far from satisfactory US assurances playing down plans to create a border force in northern Syria made up of Kurdish militia forces deemed as "terrorists" by Ankara. Washington said it is training a 30,000-strong border for
Published 19 Jan, 2018 12:00am
Exercise? I get more than people think, says Trump

Exercise? I get more than people think, says Trump

Do not expect US President Donald Trump to hit the gym, despite his doctor's orders. He gets plenty of exercise on the golf course and at the White House complex, the president told Reuters on Wednesday.
Published 19 Jan, 2018 12:00am
Japan, Australia push for defence pact amid regional tension

Japan, Australia push for defence pact amid regional tension

The prime ministers of Japan and Australia said Thursday they would push to seal a major security agreement "as early as feasible," in the face of tensions over North Korea. The agreement on joint defence operations and exercises was at the centre of talk
Published 19 Jan, 2018 12:00am
Russia at UN warns collapse of Iran deal would be 'alarming'
Exchange

Russia at UN warns collapse of Iran deal would be 'alarming'

Russia on Thursday warned at the UN Security Council that the collapse of the Iranian nuclear deal would send an "alarming" message to the world and compromise efforts to persuade North Korea to scrap its nuclear arsenal. Foreign Minister Sergei Lavrov to
Published 19 Jan, 2018 12:00am
Egypt, Ethiopia united against 'conflict' over Nile waters

Egypt, Ethiopia united against 'conflict' over Nile waters

Egypt's President Abdel Fattah al-Sisi and Ethiopian Prime Minister Hailemariam Desalegn said Thursday at talks in Cairo they were opposed to any "conflict" over the sharing of Nile waters. Sisi said that Desalegn's visit was "a clear sign for our peoples
Published 19 Jan, 2018 12:00am
Britain and France agree new border security deal

Britain and France agree new border security deal

Britain and France on Thursday signed a new deal to boost border security after a request by French President Emmanuel Macron, concerned at the number of migrants in Calais trying to reach British shores. The two sides agreed on the "signature of a new tr
Published 19 Jan, 2018 12:00am
52 Uzbeks killed in Kazakhstan bus inferno

52 Uzbeks killed in Kazakhstan bus inferno

Fifty-two Uzbeks were killed Thursday when a Russia-bound bus they were travelling on caught fire in the central Asian country of Kazakhstan. The bus burst into flames at 10:30 am local time (0430 GMT) with 55 passengers and two drivers on board, Kazakhst
Published 19 Jan, 2018 12:00am
Eight dead as huge storms batter Europe

Eight dead as huge storms batter Europe

Violent gales battered northern Europe and beyond Thursday, snapping air and train links and leaving eight people - including two firefighters - dead. Germany halted all long-distance rail traffic for at least a day, while numerous domestic flights were s
Published 19 Jan, 2018 12:00am
Trump warns government shutdown would be 'devastating'

Trump warns government shutdown would be 'devastating'

US President Donald Trump warned Thursday of the "devastating" consequences of a government shutdown even as he lobbed wrenches into intense Republican maneuvering to avoid a politically embarrassing funding debacle With the federal government set to run
Published 19 Jan, 2018 12:00am
Kohli crowned ICC cricketer of the year

Kohli crowned ICC cricketer of the year

Virat Kohli on Thursday was crowned cricketer of the year by the sport's world governing body, capping off a strong innings for the Indian skipper across all three formats of the game. Australian captain Steve Smith was named Test player of the year as th
Published 19 Jan, 2018 12:00am
Hazlewood out of ODI, Paine in doubt

Hazlewood out of ODI, Paine in doubt

Australian quick Josh Hazlewood has been ruled out of Friday's second one-day international against England in Brisbane with illness, while gloveman Alex Carey has been called up to cover for Tim Paine. The Aussies lost the first of the five-match series
Published 19 Jan, 2018 12:00am
2017 athletics: Obiri, Kipruto named Kenyan season's best

2017 athletics: Obiri, Kipruto named Kenyan season's best

Helen Obiri and Conseslus Kipruto were on Wednesday named Kenya's 2017 Athletes of the Year after their gold medal-winning performances at the World Championships in London. Middle distance runner Obiri, 28, won the women's 5,000m outsprinting Ethiopia's
Published 19 Jan, 2018 12:00am
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