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Archive - 2018-03-16
Bullion Prices on Friday
Markets

Bullion Prices on Friday

KARACHI: Following were the Bullion Prices in Karachi and Lahore on Friday. KARACHI: (per 10 gram) Gold Tezabi
Published 16 Mar, 2018 10:30pm
Nine dead in Burundi landslide
Africa

Nine dead in Burundi landslide

NAIROBI: Nine workers at a construction site outside Burundi's capital Bujumbura were killed in a landslide on Friday, p
Published 16 Mar, 2018 03:58pm
Devcich leads Qalandars to 172
Cricket

Devcich leads Qalandars to 172

Anton Devcich fiery 70 has put Lahore Qalandars on track against the defending Champions Peshawar Zalmi, as the Qal
Published 16 Mar, 2018 01:21pm
UN condemns Lahore terrorist attack
Pakistan Top News

UN condemns Lahore terrorist attack

UNITED NATIONS: United Nations Secretary-General Antonio Guterres has condemned Wednesday's terrorist attack near a reli
Published 16 Mar, 2018 08:32am
Harassment of diplomats, their families: Pakistan recalls HC from India

Harassment of diplomats, their families: Pakistan recalls HC from India

Pakistan has recalled its high commissioner from India for consultations amid constant incidents of harassment of its diplomats and their family members by Indian state agencies in New Delhi. "We have called our high commissioner [in Indian] to Pakistan f
Published 16 Mar, 2018 12:00am
Budget fiscal year 2019: relief for stock market on the cards
Currency

Budget fiscal year 2019: relief for stock market on the cards

The government will announce relief for stock market and may also consider withdrawal of super tax/tax on bonus shares in budget for next fiscal year after achieving comfortable position during the last four years with growth and revenue collection on the
Published 16 Mar, 2018 12:00am
Budget fiscal year 2019: relief for stock market on the cards
Currency

Budget fiscal year 2019: relief for stock market on the cards

The government will announce relief for stock market and may also consider withdrawal of super tax/tax on bonus shares in budget for next fiscal year after achieving comfortable position during the last four years with growth and revenue collection on the
Published 16 Mar, 2018 12:00am
Budget fiscal year 2019: relief for stock market on the cards
Currency

Budget fiscal year 2019: relief for stock market on the cards

The government will announce relief for stock market and may also consider withdrawal of super tax/tax on bonus shares in budget for next fiscal year after achieving comfortable position during the last four years with growth and revenue collection on the
Published 16 Mar, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (March 15, 2018).

Published 16 Mar, 2018 12:00am
Budget fiscal year 2019: relief for stock market on the cards
Currency

Budget fiscal year 2019: relief for stock market on the cards

The government will announce relief for stock market and may also consider withdrawal of super tax/tax on bonus shares in budget for next fiscal year after achieving comfortable position during the last four years with growth and revenue collection on the
Published 16 Mar, 2018 12:00am
THE RUPEE: rates Firm
Currency

THE RUPEE: rates Firm

Steadier trend prevailed on the money market on Thursday as the rupee sustained present levels against the dollar in the process of trading, experts said. The rupee inched up by one paisa versus the dollar for buying and selling at Rs 110.56 and Rs 110.57
Published 16 Mar, 2018 12:00am
Judicial system requires 'overhaul': Nawaz

Judicial system requires 'overhaul': Nawaz

Deposed Prime Minister Nawaz Sharif Thursday said that judicial system requires a complete overhaul as delays in justice constitute major public issues in Pakistan. Talking to reporters outside the Accountability Court hearing corruption references agains
Published 16 Mar, 2018 12:00am
THE RUPEE: rates Firm
Currency

THE RUPEE: rates Firm

Steadier trend prevailed on the money market on Thursday as the rupee sustained present levels against the dollar in the process of trading, experts said. The rupee inched up by one paisa versus the dollar for buying and selling at Rs 110.56 and Rs 110.57
Published 16 Mar, 2018 12:00am
Judicial system requires 'overhaul': Nawaz

Judicial system requires 'overhaul': Nawaz

Deposed Prime Minister Nawaz Sharif Thursday said that judicial system requires a complete overhaul as delays in justice constitute major public issues in Pakistan. Talking to reporters outside the Accountability Court hearing corruption references agains
Published 16 Mar, 2018 12:00am
Unilever drops London for post-Brexit Dutch HQ
Exchange

Unilever drops London for post-Brexit Dutch HQ

Anglo-Dutch consumer giant Unilever on Thursday chose The Netherlands over London to host its headquarters, dealing a blow to Britain's efforts to keep multinational companies onside following Brexit. Unilever, whose famous brands include yeast extract Ma
Published 16 Mar, 2018 12:00am
Unilever drops London for post-Brexit Dutch HQ
Exchange

Unilever drops London for post-Brexit Dutch HQ

Anglo-Dutch consumer giant Unilever on Thursday chose The Netherlands over London to host its headquarters, dealing a blow to Britain's efforts to keep multinational companies onside following Brexit. Unilever, whose famous brands include yeast extract Ma
Published 16 Mar, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 15, 2018).

Published 16 Mar, 2018 12:00am
Unilever drops London for post-Brexit Dutch HQ
Exchange

Unilever drops London for post-Brexit Dutch HQ

Anglo-Dutch consumer giant Unilever on Thursday chose The Netherlands over London to host its headquarters, dealing a blow to Britain''s efforts to keep multinational companies onside following Brexit. Unilever, whose famous brands include yeast extract M
Published 16 Mar, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 15, 2018).

Published 16 Mar, 2018 12:00am
SC indicts Talal

SC indicts Talal

The Supreme Court on Thursday indicted Minister of State for Interior Talal Chaudhry in contempt of court case. A three-member bench, headed by Justice Ejaz Afzal, heard the suo motu case against the state minister and Pakistan Muslim League-Nawaz leader
Published 16 Mar, 2018 12:00am
SC indicts Talal

SC indicts Talal

The Supreme Court on Thursday indicted Minister of State for Interior Talal Chaudhry in contempt of court case. A three-member bench, headed by Justice Ejaz Afzal, heard the suo motu case against the state minister and Pakistan Muslim League-Nawaz leader
Published 16 Mar, 2018 12:00am
BRIndex100 flat
Exchange

BRIndex100 flat

Pakistan Stock Exchange Thursday managed to close in positive territory due to select buying, mainly by local investors. BRIndex100 gained 14.01 points or 0.3 percent to close at 4,677.40 points. BRIndex100 touched intraday high of 4,679.87 and intraday l
Published 16 Mar, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (March 15, 2018)

Published 16 Mar, 2018 12:00am
BRIndex100 flat
Exchange

BRIndex100 flat

Pakistan Stock Exchange Thursday managed to close in positive territory due to select buying, mainly by local investors. BRIndex100 gained 14.01 points or 0.3 percent to close at 4,677.40 points. BRIndex100 touched intraday high of 4,679.87 and intraday l
Published 16 Mar, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (March 15, 2018).

Published 16 Mar, 2018 12:00am
BRIndex100 flat
Exchange

BRIndex100 flat

Pakistan Stock Exchange Thursday managed to close in positive territory due to select buying, mainly by local investors. BRIndex100 gained 14.01 points or 0.3 percent to close at 4,677.40 points. BRIndex100 touched intraday high of 4,679.87 and intraday l
Published 16 Mar, 2018 12:00am
Loss-making PSM, PIA: complete the unfinished agenda, IMF tells govt

Loss-making PSM, PIA: complete the unfinished agenda, IMF tells govt

Privatization and restructuring of key loss-making Public Sector Enterprises (PSEs) have been largely on hold, said International Monetary Fund (IMF). The IMF staff level report "first post-program monitoring discussions" with Pakistan released on Thursda
Published 16 Mar, 2018 12:00am
Loss-making PSM, PIA: complete the unfinished agenda, IMF tells govt

Loss-making PSM, PIA: complete the unfinished agenda, IMF tells govt

Privatization and restructuring of key loss-making Public Sector Enterprises (PSEs) have been largely on hold, said International Monetary Fund (IMF). The IMF staff level report "first post-program monitoring discussions" with Pakistan released on Thursda
Published 16 Mar, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 15, 2018).

Published 16 Mar, 2018 12:00am
Loss-making PSM, PIA: complete the unfinished agenda, IMF tells govt

Loss-making PSM, PIA: complete the unfinished agenda, IMF tells govt

Privatization and restructuring of key loss-making Public Sector Enterprises (PSEs) have been largely on hold, said International Monetary Fund (IMF). The IMF staff level report "first post-program monitoring discussions" with Pakistan released on Thursda
Published 16 Mar, 2018 12:00am
The Weather

The Weather

The weather report on Thursday (March 15, 2018) and the forecast for Friday (March 16, 2018).

Published 16 Mar, 2018 12:00am
Risks to capacity to repay IMF could increase
Exchange

Risks to capacity to repay IMF could increase

Risks to country's medium-term capacity to repay the International Monetary Fund (IMF) could increase on current policies. An elevated current account deficit and increased external obligations are expected to double external financing needs in the medium
Published 16 Mar, 2018 12:00am
Risks to capacity to repay IMF could increase
Exchange

Risks to capacity to repay IMF could increase

Risks to country's medium-term capacity to repay the International Monetary Fund (IMF) could increase on current policies. An elevated current account deficit and increased external obligations are expected to double external financing needs in the medium
Published 16 Mar, 2018 12:00am
Risks to capacity to repay IMF could increase
Exchange

Risks to capacity to repay IMF could increase

Risks to country''s medium-term capacity to repay the International Monetary Fund (IMF) could increase on current policies. An elevated current account deficit and increased external obligations are expected to double external financing needs in the mediu
Published 16 Mar, 2018 12:00am
PC to submit PSM restructuring plan to Cabinet

PC to submit PSM restructuring plan to Cabinet

Privatisation Commission (PC) is to submit a comprehensive restructuring plan of Pakistan Steel Mills (PSM) to the federal cabinet for approval, official sources told Business Recorder. On March 6, 2018, during a discussion on privatisation of PSM
Published 16 Mar, 2018 12:00am
PC to submit PSM restructuring plan to Cabinet

PC to submit PSM restructuring plan to Cabinet

Privatisation Commission (PC) is to submit a comprehensive restructuring plan of Pakistan Steel Mills (PSM) to the federal cabinet for approval, official sources told Business Recorder. On March 6, 2018, during a discussion on privatisation of PSM
Published 16 Mar, 2018 12:00am
PC to submit PSM restructuring plan to Cabinet

PC to submit PSM restructuring plan to Cabinet

Privatisation Commission (PC) is to submit a comprehensive restructuring plan of Pakistan Steel Mills (PSM) to the federal cabinet for approval, official sources told Business Recorder. On March 6, 2018, during a discussion on privatisation of PSM
Published 16 Mar, 2018 12:00am
CoAS, Chinese envoy discuss regional security

CoAS, Chinese envoy discuss regional security

Chinese Ambassador Yao Jing called on Chief of Army Staff (CoAS) General Qamar Javed Bajwa on Thursday. Matters of mutual interest including regional security were discussed in the meeting, according to Inter Services Public Relations statement. Ambassado
Published 16 Mar, 2018 12:00am
CoAS, Chinese envoy discuss regional security

CoAS, Chinese envoy discuss regional security

Chinese Ambassador Yao Jing called on Chief of Army Staff (CoAS) General Qamar Javed Bajwa on Thursday. Matters of mutual interest including regional security were discussed in the meeting, according to Inter Services Public Relations statement. Ambassado
Published 16 Mar, 2018 12:00am
Top bottled water brands contaminated with plastic particles: report

Top bottled water brands contaminated with plastic particles: report

The world's leading brands of bottled water are contaminated with tiny plastic particles that are likely seeping in during the packaging process, according to a major study across nine countries published Wednesday. "Widespread contamination" with plastic
Published 16 Mar, 2018 12:00am
Saudi Arabia warns it will pursue nuclear weapons if Iran does

Saudi Arabia warns it will pursue nuclear weapons if Iran does

Saudi Crown Prince Mohammed bin Salman has said if Iran develops a nuclear weapon, Riyadh will follow suit - just days before he arrives in Washington for talks with US President Donald Trump. "Saudi Arabia does not want to acquire any nuclear bomb, but w
Published 16 Mar, 2018 12:00am
Saudi Arabia warns it will pursue nuclear weapons if Iran does

Saudi Arabia warns it will pursue nuclear weapons if Iran does

Saudi Crown Prince Mohammed bin Salman has said if Iran develops a nuclear weapon, Riyadh will follow suit - just days before he arrives in Washington for talks with US President Donald Trump. "Saudi Arabia does not want to acquire any nuclear bomb, but w
Published 16 Mar, 2018 12:00am
French arrest warrant out for Saudi crown prince's sister

French arrest warrant out for Saudi crown prince's sister

The sister of Saudi Crown Prince Mohammed bin Salman is the target of a French arrest warrant for allegedly ordering her bodyguard to beat up a worker at her Paris apartment, legal sources said Thursday. The warrant against Princess Hassa bint Salman, iss
Published 16 Mar, 2018 12:00am
French arrest warrant out for Saudi crown prince's sister

French arrest warrant out for Saudi crown prince's sister

The sister of Saudi Crown Prince Mohammed bin Salman is the target of a French arrest warrant for allegedly ordering her bodyguard to beat up a worker at her Paris apartment, legal sources said Thursday. The warrant against Princess Hassa bint Salman, iss
Published 16 Mar, 2018 12:00am
HSBC has 59 percent gender pay gap, biggest among British banks

HSBC has 59 percent gender pay gap, biggest among British banks

HSBC will reveal a gender pay gap of 59 percent at its main UK banking operation, the biggest yet disclosed by a British bank, according to a copy of the lender's report on the subject seen by Reuters on Thursday ahead of its publication. The bank will al
Published 16 Mar, 2018 12:00am
HSBC has 59 percent gender pay gap, biggest among British banks

HSBC has 59 percent gender pay gap, biggest among British banks

HSBC will reveal a gender pay gap of 59 percent at its main UK banking operation, the biggest yet disclosed by a British bank, according to a copy of the lender's report on the subject seen by Reuters on Thursday ahead of its publication. The bank will al
Published 16 Mar, 2018 12:00am
HSBC has 59 percent gender pay gap, biggest among British banks

HSBC has 59 percent gender pay gap, biggest among British banks

HSBC will reveal a gender pay gap of 59 percent at its main UK banking operation, the biggest yet disclosed by a British bank, according to a copy of the lender''s report on the subject seen by Reuters on Thursday ahead of its publication. The bank will a
Published 16 Mar, 2018 12:00am
Further rise in fiscal deficit

Further rise in fiscal deficit

According to a Business Recorder exclusive, the fiscal deficit is likely to soar to 6.3 percent against the budgeted 4.3 percent. Pakistani administrations, past as well as the incumbent, have rarely, if ever, met the budgeted deficit target. Howev
Published 16 Mar, 2018 12:00am
Shahbaz Sharif's Challenges

Shahbaz Sharif's Challenges

Given the PML-N's current travails, amongst which mention cannot be avoided of their leader Nawaz Sharif's disqualification and ousting from the posts of prime minister and party head, coupled with the debacle of the loss of the Balochistan government and
Published 16 Mar, 2018 12:00am
Grim challenges
Exchange

Grim challenges

Adviser to the Prime Minister on Finance, Revenue and Economic Affairs, Miftah Ismail, in a press conference held on March 9, 2018, said that for the financial year 2018-19, the federal budget, sixth of the present government, would be announced on April
Published 16 Mar, 2018 12:00am
Political trickery

Political trickery

The ruling coalition says the Senate elections have been 'stolen' from them, the Opposition panel winning far more votes than expected. You can 'steal' things from a person only when he owns it, did Nawaz Sharif already "own" the Senate before the electio
Published 16 Mar, 2018 12:00am
Investors still in love with growth stocks risk losing out on value

Investors still in love with growth stocks risk losing out on value

A long rally in technology stocks has left investors thirsting for more, but that could be a mistake as the strengthening US economy points to better value in other stocks. Heavyweights like Apple, Alphabet and Facebook have especially helped growth index
Published 16 Mar, 2018 12:00am
Nadra

Nadra

Good to know that Chairman Nadra has set in motion revamping Nadra's structure in Sindh. Troublesome is not only interaction of Nadra officers with the public. A good amount of inconvenience to the public is due to systems and procedures of Nadra obtainin
Published 16 Mar, 2018 12:00am
Digitalization accelerates economic growth: Zubair
Currency

Digitalization accelerates economic growth: Zubair

Pakistan has done a massive job of deploying digital technology which significantly supports accelerating economic growth to the set target of six percent this year and higher one in the years to come, experts said on Thursday. "Digitalization is to accel
Published 16 Mar, 2018 12:00am
PPP to have its leader of opposition in Senate: Khursheed

PPP to have its leader of opposition in Senate: Khursheed

Leader of Opposition in National Assembly Syed Khursheed Ahmed Shah has said that Pakistan Peoples Party enjoys majority to elect its own opposition leader in the Senate. He said this while speaking to media persons here at the Parliament House on Thursda
Published 16 Mar, 2018 12:00am
IHC moved against appointment of Kashmala

IHC moved against appointment of Kashmala

Islamabad High Court was moved on Thursday against the appointment of Kashmala Tariq as Federal Ombudsperson for Protection against Harassment of Women at Workplace. The petitioner prayed to the court that the appointment of Kashmala Tariq as ombudsperson
Published 16 Mar, 2018 12:00am
Pemra secretary directed to appear before LHC on March 27

Pemra secretary directed to appear before LHC on March 27

The Lahore High Court on Thursday directed the secretary Pakistan Electronic Media Regulatory Authority (Pemra) to appear before the court on March 27 and explain the rule of Pemra in ongoing tirade against judiciary. The court passed these orders in a pe
Published 16 Mar, 2018 12:00am
Funeral prayers of Raiwind's martyrs of police held

Funeral prayers of Raiwind's martyrs of police held

Punjab Governor Muhammad Rafique Rajwana, Chief Minister Muhammad Shehbaz Sharif, Corp. Commander Lahore Lieutenant General Amir Riaz, Provincial Ministers Ayub Gadhi and Bilal Yasin, DG Rangers Punjab Major General Azhar Naveed Hayat, Addl. Chief Secreta
Published 16 Mar, 2018 12:00am
Religious parties condemn Raiwind blast

Religious parties condemn Raiwind blast

Religious parties of all schools of thought have unanimously condemned the suicide bomb blast near the congregation of Tableeghi Jamaat at Raiwind on Wednesday where thousands of people had gathered for prayers. In their statements, they paid tribute to p
Published 16 Mar, 2018 12:00am
China offers to introduce 500 electric buses in Karachi

China offers to introduce 500 electric buses in Karachi

China has expressed offered to help Pakistan improve its transportation system by introducing state-of-the-art air-conditioned 'electric busses' on roads of various mega cities including Karachi. Chinese Minister for Enterprise Management Xia Bin and Depu
Published 16 Mar, 2018 12:00am
Workshop on 'cyber crime in telecom sector' opens

Workshop on 'cyber crime in telecom sector' opens

Common-wealth Telecommunication Organization has organized a workshop on "Tackling Cyber crime in the telecommunications sector in Pakistan" from 15-16 March 2018 in facilitation provided by Ministry of IT & Telecom. Senior delegates from CTO and Commonwe
Published 16 Mar, 2018 12:00am
Many Karachi-based Nadra officials reshuffled

Many Karachi-based Nadra officials reshuffled

National Database Registration Authority (NADRA) chairman Usman Mubeen transferred DG NADRA Sindh and also suspended some officials as the former conducted another surprise visit to the different NADRA Registration Centres (NRCs) in Karachi.
Published 16 Mar, 2018 12:00am
Leader of opposition: MQM-P to support PTI candidate in Senate

Leader of opposition: MQM-P to support PTI candidate in Senate

Since the top seats in the Senate have been filled, the race is now on for the Leader of the Opposition slot as both the Pakistan People's Party (PPP) and Pakistan Tehreek-e-Insaf (PTI) seek to grab the coveted position. PPP has nominated Senator Sherry R
Published 16 Mar, 2018 12:00am
MNA-led body discusses reasons why good quality lifts replaced by CDA

MNA-led body discusses reasons why good quality lifts replaced by CDA

A sub-committee headed by MNA Rasheed Ahmed Khan on Thursday discussed the reasons why Capital Development Authority (CDA) replaced good quality lifts with substandard ones in the Parliament House. The committee was informed regarding implementation statu
Published 16 Mar, 2018 12:00am
REAP dispatches relief team to Turkey

REAP dispatches relief team to Turkey

The Rice Exporters Association of Pakistan (REAP) has dispatched a relief work delegation led by its senior vice president Rafique Suleman for the Muslim brothers of Syria. Rafique informed the media persons that they are on a visit to Turkey to undertake
Published 16 Mar, 2018 12:00am
CM vows to make foolproof arrangements for PSL final

CM vows to make foolproof arrangements for PSL final

Sindh Chief Minister Syed Murad Ali Shah has said that the law and order was very much under control and the government has made foolproof arrangements for PSL-final match. This he said while talking to media just after undertaking a visit to the National
Published 16 Mar, 2018 12:00am
Services of Zamir Shaikh eulogized

Services of Zamir Shaikh eulogized

Secretary Information Imran Atta Soomro and Director Press Information Zeenat Jahan in their statement recognised the services of senior journalist Zamir Shaikh in the field of journalism. They paid tribute to late Zamir Shaikh for his services regarding
Published 16 Mar, 2018 12:00am
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