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Archive - 2018-02-26
Icicles
Featured Photos

Icicles

Icicles by the Lake Leman in Geneva, Switzerland. Geneva experienced unusual cold weather on Feb. 26 2018 with the l
Published 26 Feb, 2018 11:39pm
The Princess of Hope
Featured Photos

The Princess of Hope

Eye-catching and very fascinating views of World Heritage Monuments of The Princess of Hope at Hingol National Park
Published 26 Feb, 2018 09:32pm
EU calls for immediate Syria ceasefire
Front Top News

EU calls for immediate Syria ceasefire

BRUSSELS: The EU's diplomatic chief Federica Mogherini on Monday demanded that a UN-backed ceasefire in Syria be imp
Published 26 Feb, 2018 11:20pm
PM acknowledges role of artists in society
Pakistan Top News

PM acknowledges role of artists in society

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi Monday said the artists were instrumental in promotion of culture and
Published 26 Feb, 2018 09:40pm
Indus Motors revving up
Automobile

Indus Motors revving up

The second largest automotive assembler in the country, Indus Motors (PSX: INDU) saw a 23 percent growth to its top-line
Published 26 Feb, 2018 06:53am
PSO in 1HFY18
Oil and Gas

PSO in 1HFY18

Pakistan State Oil (PSX: PSO) announced its 1HFY18 financial performance last week amid the concerns of the currency dev
Published 26 Feb, 2018 06:54am
THE RUPEE: weak trend
Exchange

THE RUPEE: weak trend

The rupee fell modestly against the dollar, it, however, gained in terms of the euro on the money market during the week, ended on February 24, 2018. In the open market, the rupee lost 50 paisas in terms of the dollar for buying and selling Rs 111.90 and
Published 26 Feb, 2018 12:00am
FATF: not yet out of the woods

FATF: not yet out of the woods

Pakistan's 'irresponsible attitude' and 'flawed diplomacy' at Financial Action Task Force (FATF) meeting has prompted the anti-money laundering body to reconsider its decision of not placing Pakistan on its 'grey list.' This was stated by a senior officia
Published 26 Feb, 2018 12:00am
FATF: not yet out of the woods

FATF: not yet out of the woods

Pakistan's 'irresponsible attitude' and 'flawed diplomacy' at Financial Action Task Force (FATF) meeting has prompted the anti-money laundering body to reconsider its decision of not placing Pakistan on its 'grey list.' This was stated by a senior officia
Published 26 Feb, 2018 12:00am
FATF: not yet out of the woods

FATF: not yet out of the woods

Pakistan''s ''irresponsible attitude'' and ''flawed diplomacy'' at Financial Action Task Force (FATF) meeting has prompted the anti-money laundering body to reconsider its decision of not placing Pakistan on its ''grey list.'' This was stated by a senior
Published 26 Feb, 2018 12:00am
Capital Engineering CEO: PTI demands probe into 'disappearance'

Capital Engineering CEO: PTI demands probe into 'disappearance'

Chairman Pakistan Tehreek-e-Insaf (PTI) has demanded an inquiry into "disappearance" of Faisal Subhan, the CEO of Capital Engineering, who according to him has "confessed" to Chinese authorities investigating corruption in Multan Metro project that Chief
Published 26 Feb, 2018 12:00am
Capital Engineering CEO: PTI demands probe into 'disappearance'

Capital Engineering CEO: PTI demands probe into 'disappearance'

Chairman Pakistan Tehreek-e-Insaf (PTI) has demanded an inquiry into "disappearance" of Faisal Subhan, the CEO of Capital Engineering, who according to him has "confessed" to Chinese authorities investigating corruption in Multan Metro project that Chief
Published 26 Feb, 2018 12:00am
Capital Engineering CEO: PTI demands probe into ''disappearance''

Capital Engineering CEO: PTI demands probe into ''disappearance''

Chairman Pakistan Tehreek-e-Insaf (PTI) has demanded an inquiry into "disappearance" of Faisal Subhan, the CEO of Capital Engineering, who according to him has "confessed" to Chinese authorities investigating corruption in Multan Metro project that Chief
Published 26 Feb, 2018 12:00am
Capital Engineering CEO: PTI demands probe into ''''disappearance''''

Capital Engineering CEO: PTI demands probe into ''''disappearance''''

Chairman Pakistan Tehreek-e-Insaf (PTI) has demanded an inquiry into "disappearance" of Faisal Subhan, the CEO of Capital Engineering, who according to him has "confessed" to Chinese authorities investigating corruption in Multan Metro project that Chief
Published 26 Feb, 2018 12:00am
Nawaz, Shahbaz discuss situation

Nawaz, Shahbaz discuss situation

Chief Minister Punjab Shahbaz Sharif called on former Prime Minister Nawaz Sharif on Sunday at Jati Umra and discussed the prevailing political situation of the country. In a statement, CM Punjab Shahbaz said the faces of those levelling baseless allegati
Published 26 Feb, 2018 12:00am
Nawaz, Shahbaz discuss situation

Nawaz, Shahbaz discuss situation

Chief Minister Punjab Shahbaz Sharif called on former Prime Minister Nawaz Sharif on Sunday at Jati Umra and discussed the prevailing political situation of the country. In a statement, CM Punjab Shahbaz said the faces of those levelling baseless allegati
Published 26 Feb, 2018 12:00am
Xi poised to extend power

Xi poised to extend power

Xi Jinping, China's most powerful leader for decades, could stay in office indefinitely after the Communist Party called for the removal of presidential term limits. Xi, who is also party chief and seen as the country's most formidable ruler since Mao Zed
Published 26 Feb, 2018 12:00am
Xi poised to extend power

Xi poised to extend power

Xi Jinping, China's most powerful leader for decades, could stay in office indefinitely after the Communist Party called for the removal of presidential term limits. Xi, who is also party chief and seen as the country's most formidable ruler since Mao Zed
Published 26 Feb, 2018 12:00am
Ambiguity plays with sentiments
Exchange

Ambiguity plays with sentiments

Pakistan Stock Exchange remained under pressure during the outgoing week ended on February 23, 2018 due to selling in various sectors. BRIndex100 lost 40.92 points on week-on-week basis to close at 4,638.26 points. Average daily trading volumes stood at 1
Published 26 Feb, 2018 12:00am
Ambiguity plays with sentiments
Exchange

Ambiguity plays with sentiments

Pakistan Stock Exchange remained under pressure during the outgoing week ended on February 23, 2018 due to selling in various sectors. BRIndex100 lost 40.92 points on week-on-week basis to close at 4,638.26 points. Average daily trading volumes stood at 1
Published 26 Feb, 2018 12:00am
Ambiguity plays with sentiments
Exchange

Ambiguity plays with sentiments

Pakistan Stock Exchange remained under pressure during the outgoing week ended on February 23, 2018 due to selling in various sectors. BRIndex100 lost 40.92 points on week-on-week basis to close at 4,638.26 points. Average daily trading volumes stood at 1
Published 26 Feb, 2018 12:00am
Futures spread down by 34 basis points

Futures spread down by 34 basis points

The futures spread declined by 34bps to 6.89 percent during the outgoing week ended on February 23, 2018. Trading activities on the futures counter improved significantly as average daily volumes increased by 237.1 percent to 128.75 million shares. Averag
Published 26 Feb, 2018 12:00am
Futures spread down by 34 basis points

Futures spread down by 34 basis points

The futures spread declined by 34bps to 6.89 percent during the outgoing week ended on February 23, 2018. Trading activities on the futures counter improved significantly as average daily volumes increased by 237.1 percent to 128.75 million shares. Averag
Published 26 Feb, 2018 12:00am
Blast destroys store, home in Leicester

Blast destroys store, home in Leicester

British police declared a major incident on Sunday after a large blast destroyed a convenience store and a home in the central English city of Leicester. Pictures and videos posted on Twitter showed flames leaping into the sky above the city and the remai
Published 26 Feb, 2018 12:00am
Blast destroys store, home in Leicester

Blast destroys store, home in Leicester

British police declared a major incident on Sunday after a large blast destroyed a convenience store and a home in the central English city of Leicester. Pictures and videos posted on Twitter showed flames leaping into the sky above the city and the remai
Published 26 Feb, 2018 12:00am
Sridevi dies

Sridevi dies

Bollywood superstar Sridevi Kapoor, one of the biggest names in Hindi cinema, has died aged 54 after suffering a heart attack in Dubai, her former manager said Sunday. The death of Sridevi, reportedly while attending her nephew's wedding in the emirate la
Published 26 Feb, 2018 12:00am
Sridevi dies

Sridevi dies

Bollywood superstar Sridevi Kapoor, one of the biggest names in Hindi cinema, has died aged 54 after suffering a heart attack in Dubai, her former manager said Sunday. The death of Sridevi, reportedly while attending her nephew's wedding in the emirate la
Published 26 Feb, 2018 12:00am
Sartaj rejects draft water policy

Sartaj rejects draft water policy

Deputy Chairman, Planning Commission Sartaj Aziz has rejected draft National Water Policy prepared by the Ministry of Water Resources, saying that the policy lacks targets and investment plans, well informed sources in Planning Division told Business R
Published 26 Feb, 2018 12:00am
Sartaj rejects draft water policy

Sartaj rejects draft water policy

Deputy Chairman, Planning Commission Sartaj Aziz has rejected draft National Water Policy prepared by the Ministry of Water Resources, saying that the policy lacks targets and investment plans, well informed sources in Planning Division told Business R
Published 26 Feb, 2018 12:00am
Sartaj rejects draft water policy

Sartaj rejects draft water policy

Deputy Chairman, Planning Commission Sartaj Aziz has rejected draft National Water Policy prepared by the Ministry of Water Resources, saying that the policy lacks targets and investment plans, well informed sources in Planning Division told Business R
Published 26 Feb, 2018 12:00am
Church of the Holy Sepulchre closed in tax dispute

Church of the Holy Sepulchre closed in tax dispute

Christian leaders took the rare step on Sunday of closing Jerusalem's Church of the Holy Sepulchre in protest at Israeli tax measures and a proposed property law. It was not clear how long the closure of the church, announced by Christian officials at a n
Published 26 Feb, 2018 12:00am
Church of the Holy Sepulchre closed in tax dispute

Church of the Holy Sepulchre closed in tax dispute

Christian leaders took the rare step on Sunday of closing Jerusalem's Church of the Holy Sepulchre in protest at Israeli tax measures and a proposed property law. It was not clear how long the closure of the church, announced by Christian officials at a n
Published 26 Feb, 2018 12:00am
SC's direction to SBP
Exchange

SC's direction to SBP

A three-member Supreme Court bench led by Chief Justice Saqib Nisar has asked the Governor State Bank of Pakistan (SBP) to formulate a mechanism in consultation with the Federal Board of Revenue (FBR) and the Federal Finance Secretary aimed at recovering
Published 26 Feb, 2018 12:00am
The FATF setback

The FATF setback

Pakistan has narrowly escaped being put on the Financial Action Task Force's (FATF) 'grey list', thanks to the support of Turkey, that was the message put out by the Pakistan authorities. However it turned out to be otherwise. At Tuesday's meeting of the
Published 26 Feb, 2018 12:00am
The timing of the budget fiscal year 2019

The timing of the budget fiscal year 2019

The Abbasi administration has wholeheartedly endorsed Ishaq Dar's oft-announced decision to formulate and present the budget for fiscal year 2018-19 even though the party's tenure ends on 1 June 2018 - one month prior to the end of the current fiscal year
Published 26 Feb, 2018 12:00am
Many shades of grey
Exchange

Many shades of grey

Like the FATF grey list, Pakistan's placement on it is also grey. Yes we are, No not yet, maybe or maybe not. Finally averted? A sigh of relief; a time to celebrate; a tribute to supporters. Even if we are not in the list for 3 months, time for celebratio
Published 26 Feb, 2018 12:00am
Anbang takeover puts China's companies on notice

Anbang takeover puts China's companies on notice

When the Chinese government on Friday took control of Anbang Insurance Group Co Ltd, owner of New York's iconic Waldorf Astoria Hotel, it cited provisions in the country's insurance law designed to head off financial calamity. The manoeuvre was sudden but
Published 26 Feb, 2018 12:00am
Reforming bureaucracy

Reforming bureaucracy

In his 11 August 1947 address to the First Constituent Assembly, Quaid e Azam referred to bureaucracy when he stated that "one of the biggest curses from which India is suffering is curse of bribery and corruption". The British Raj created paid bureaucrac
Published 26 Feb, 2018 12:00am
Aitzaz terms officers' strike 'a rebellion'

Aitzaz terms officers' strike 'a rebellion'

Pakistan Peoples Party (PPP) leader Aitzaz Ahsan has warned that officers/bureaucrats strike in Punjab over former DG LDA Ahad Cheema's arrest and 11 days physical remand to NAB on corruption charges is a rebellion against the state institution. Talking t
Published 26 Feb, 2018 12:00am
Prices of essential items remain unchanged

Prices of essential items remain unchanged

Prices of important kitchen items, except chicken meat, sugar, fruits and others have remained changed in retail market, according to survey conducted by Business Recorder here on Sunday. Price of live chicken has increased at Rs 183 per kg from Rs
Published 26 Feb, 2018 12:00am
Censor board: PTI MPA tables bill in KP assembly

Censor board: PTI MPA tables bill in KP assembly

A PTI member of Khyber Pakhtunkhwa Assembly has tabled the much awaited bill to constitute Censor Boards to examine and certify films, CDs, videos, stage dramas and shows for public exhibitions and declare area in respect of which each such board would ex
Published 26 Feb, 2018 12:00am
New CEO KP-EZDMC may assume charge today

New CEO KP-EZDMC may assume charge today

The new Chief Executive Officer (CEO), Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC) is likely to take charge of his responsibility from Monday (today). The newly selected CEO for the flagship company of the Khyber Pakhtu
Published 26 Feb, 2018 12:00am
Mountaineer attempts first winter solo summit on K2

Mountaineer attempts first winter solo summit on K2

A Russian-Polish mountaineer has launched the first solo attempt to summit Pakistan's K2 - the world's second-highest park - during winter, in what fellow climbers described as a reckless decision. Denis Urubko, 44, was part of a team of Polish mountainee
Published 26 Feb, 2018 12:00am
Bid to smuggle 2.5kg of heroin foiled

Bid to smuggle 2.5kg of heroin foiled

The Anti Narcotics Force (ANF) foiled a bid to smuggle two and a half kilogram of heroin worth millions of rupees to Saudi Arabia and arrested an accused at Islamabad Airport on Sunday. The ANF sources said that during search of a passenger leaving for Sa
Published 26 Feb, 2018 12:00am
Establishment of disaster management resource centre discussed

Establishment of disaster management resource centre discussed

A meeting regarding establishment of Disaster Management Resource Centre at University of Sindh Campus Thatta was held at Centre for Coastal and Deltaic Studies University of Sindh Campus Thatta. District Thatta is vulnerable to various natural and human
Published 26 Feb, 2018 12:00am
PSM ordered to expedite audit of retired employees' dues till June

PSM ordered to expedite audit of retired employees' dues till June

Pakistan Steel Mills (PSM) Board of Directors (BoD) has directed the Mills management to expedite audit of dues of retired employees till June 2018 and come up with cash flow plan in consultation with National Industrial Parks (NIP) and put up before the
Published 26 Feb, 2018 12:00am
PJDP, JUI-F hold anti-merger rally

PJDP, JUI-F hold anti-merger rally

Local workers of Pakistan Justice and Democratic Party (PJDP) with assistance of Jamiat-e-Ulema-e-Islam-Fazal (JUI-F) Khyber Agency on Sunday took out a protest rally against merger of FATA into Khyber Pakhtunkhwa (KP) here at Bacha Khan Square, Landi Kot
Published 26 Feb, 2018 12:00am
Aftab Mehsud laid to rest in D I Khan

Aftab Mehsud laid to rest in D I Khan

The funeral prayer of Aftab Ahmad Mehsud, a friend of Naqeebullah Mehsud, was held in Dera Ismail Khan on Sunday. A large number of people from different walks of life attended his funeral prayer. He was laid to rest at Mehsud graveyard in Chakan area of
Published 26 Feb, 2018 12:00am
Saad serves Rs 5 billion legal notice on Fawad Chaudhry

Saad serves Rs 5 billion legal notice on Fawad Chaudhry

Minister for Railways Khawaja Saad Rafique has served Rs 5 billion legal notice on Pakistan Tehreek-e-Insaaf (PTI) spokesperson Fawad Chaudhry for levelling "baseless" allegations against him, demanding him to offer a public apology within 14 days or face
Published 26 Feb, 2018 12:00am
CPEC's western route to usher in era of progress: Fazl

CPEC's western route to usher in era of progress: Fazl

JUI-F chief, Maulana Fazlur Rehman has said that the completion of the Western Route of China-Pakistan Economic Corridor (CPEC) will usher an era of progress and development for southern districts of Khyber Pakhtunkhwa.
Published 26 Feb, 2018 12:00am
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