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Archive - 2018-03-22
Pak forex figures $18.079bn
Top News

Pak forex figures $18.079bn

KARACHI: Total liquid foreign reserves of the country stand at $18.079 billion, said the State Bank of Pakistan (SBP
Published 22 Mar, 2018 09:15pm
SBP mops up Rs44.5bn from market
Top News

SBP mops up Rs44.5bn from market

KARACHI: The State Bank of Pakistan (SBP) on Thursday mopped up Rs.44.5 billion from money market for four days as r
Published 22 Mar, 2018 07:00pm
Rainbow on earth
Featured Photos

Rainbow on earth

A rainbow is seen at the Hukou Waterfall scenic spot on the Yellow River, which is located on the border area betwee
Published 22 Mar, 2018 07:02pm
British PM seeks EU backing on spy attack
World Top News

British PM seeks EU backing on spy attack

BRUSSELS: British Prime Minister Theresa May will on Thursday seek to unite EU leaders in condemnation of Moscow over th
Published 22 Mar, 2018 08:19am
18 killed in Thai bus crash
Asia

18 killed in Thai bus crash

BANGKOK: At least 18 people were killed and dozens wounded when a bus travelling in northeastern Thailand veered off the
Published 22 Mar, 2018 08:07am
Tokyo stocks edge up at close
Financial

Tokyo stocks edge up at close

TOKYO: Tokyo stocks closed modestly higher on Thursday as investors went bargain-hunting after three straight days of lo
Published 22 Mar, 2018 07:45am
Current account breather
Banking

Current account breather

The current account deficit tamed to $1.2 billion In February; down 25 percent month-on-month. The Jul-Feb number stood
Published 22 Mar, 2018 06:20am
Cement’s new normal
Industry

Cement’s new normal

The trend in the cement industry hasn’t changed much. High capacity utilization—above 90 percent— persists on account of
Published 22 Mar, 2018 06:25am
Army opens 'Women PCO' in South Waziristan

Army opens 'Women PCO' in South Waziristan

For the very first time in history of FATA, the Pak Army has opened women Public Call Office (PCO) in Makeen area of South Waziristan Agency. Security sources told that a woman telephone operator would be appointed to work in women PCO. He said women PCO
Published 22 Mar, 2018 12:00am
THE RUPEE: resists sharp slide
Currency

THE RUPEE: resists sharp slide

An easier trend persisted on the money market on Wednesday as the rupee continued decline in terms of the dollar in process of trading, experts said. Commenting on the free-fall of the rupee against the dollar, some currency analysts said that the rupee m
Published 22 Mar, 2018 12:00am
Bank holiday on March 23

Bank holiday on March 23

The State Bank of Pakistan will remain closed on 23rd March (Friday) on the occasion of 'Pakistan Day' as declared by the Government of Pakistan.
Published 22 Mar, 2018 12:00am
Bank holiday on March 23

Bank holiday on March 23

The State Bank of Pakistan will remain closed on 23rd March (Friday) on the occasion of 'Pakistan Day' as declared by the Government of Pakistan.
Published 22 Mar, 2018 12:00am
Bank holiday on March 23

Bank holiday on March 23

The State Bank of Pakistan will remain closed on 23rd March (Friday) on the occasion of ''Pakistan Day'' as declared by the Government of Pakistan.
Published 22 Mar, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 21, 2018).

Published 22 Mar, 2018 12:00am
Avenfield properties case: key witness to record statement: court

Avenfield properties case: key witness to record statement: court

The Accountability Court hearing corruption references against the Sharif family on Wednesday ruled that the key prosecution witness Wajid Zia will record his statement in the Avenfield properties case and all objections of the defence will be disposed of
Published 22 Mar, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 21, 2018).

Published 22 Mar, 2018 12:00am
Avenfield properties case: key witness to record statement: court

Avenfield properties case: key witness to record statement: court

The Accountability Court hearing corruption references against the Sharif family on Wednesday ruled that the key prosecution witness Wajid Zia will record his statement in the Avenfield properties case and all objections of the defence will be disposed of
Published 22 Mar, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 21, 2018)

Published 22 Mar, 2018 12:00am
Another surcharge on electricity

Another surcharge on electricity

The government is set to impose yet another surcharge of 70 paisa per unit on all consumer categories to service an 80 billion rupee loan that would be incurred by the Power Holding (Private) Limited (PHPL) from the private commercial banks. In this conte
Published 22 Mar, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 21, 2018).

Published 22 Mar, 2018 12:00am
Faizabad dharna Revelations

Faizabad dharna Revelations

The 20-day dharna (sit-in) by the Tehreek-i-Labbaik Ya Rasool Allah (TLYRA) in November 2017 at Faizabad in Islamabad came up for hearing in the Supreme Court (SC) on March 19, 2018. Notable in the proceedings was the 'comprehensive' report submitted by t
Published 22 Mar, 2018 12:00am
Happy is not seeing the truck

Happy is not seeing the truck

Out of all the gloom and sorrow come the glad tidings. Pakistan is a happy country, and getting happier. OK, maybe a middling 75th on the world happiness index, but up five notches over last year. The real kick is out-ranking India by a big margin. Some v
Published 22 Mar, 2018 12:00am
Useless call for an inter-institutional dialogue

Useless call for an inter-institutional dialogue

Last week, National Party President and Federal Minister for Ports and Shipping Mir Hasil Khan Bizenjo delivered a tirade in the upper house against the military for its alleged meddling in the election of Senate chairman and deputy chairman, which accord
Published 22 Mar, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 21, 2018).

Published 22 Mar, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 21, 2018).

Published 22 Mar, 2018 12:00am
Water policy

Water policy

There is no doubt about the fact that country's water resources are now reaching critical mass. It is therefore heartening to see that the federal government has decided to take some firm steps before it's too late.
Published 22 Mar, 2018 12:00am
The Weather

The Weather

The weather report on Wednesday (March 21, 2018) and the forecast for Thursday (March 22, 2018).

Published 22 Mar, 2018 12:00am
Pakistan to export white rice to Indonesia

Pakistan to export white rice to Indonesia

The Commerce Division is jubilant for getting orders of 50,000 tons of white rice worth $ 22.5 million from Indonesia, after Pakistani companies requested for extension in deadline of contracts. According to an official statement, after bilateral negotiat
Published 22 Mar, 2018 12:00am
Nishan-i-Imtiaz conferred on Chief of Air Staff

Nishan-i-Imtiaz conferred on Chief of Air Staff

President Mamnoon Hussain conferred Nishan-i-Imtiaz (Military) on the Chief of Air Staff Mujahid Anwar Khan on Wednesday. The simple, but impressive ceremony was held at the President House and was attended by Minister for Defence Khurrum Dastgir, Ministe
Published 22 Mar, 2018 12:00am
Nine die as jeep falls into gorge

Nine die as jeep falls into gorge

At least nine people died and six others were injured when a passenger jeep fell into gorge in AJK on Wednesday. Rescue sources said that an over loaded passenger jeep heading to Chakothi from village Khilana skidded off the road while negotiating a sharp
Published 22 Mar, 2018 12:00am
Rashid calls for 'judicial martial law'

Rashid calls for 'judicial martial law'

President of Awami Muslim League (AML) Sheikh Rashid Ahmed has requested Chief Justice Mian Saqib Nisar to impose judicial martial law in the country for holding general election transparently. Speaking to the press conference here on Wednesday, Rashid sa
Published 22 Mar, 2018 12:00am
Successful holding of PSL matches a great achievement: Marriyum

Successful holding of PSL matches a great achievement: Marriyum

The successful holding of PSL matches in Pakistan is a great achievement of the government which testifies to the prevalence of better law and order situation in the country; an outcome of the policies pursued in conformity with the vision of former Prime
Published 22 Mar, 2018 12:00am
Fake degree scandal: IHC resumes hearing of FIA appeal

Fake degree scandal: IHC resumes hearing of FIA appeal

Islamabad High Court Wednesday resumed the hearing of Federal Investigation Agency's appeal against the acquittal of Axact CEO Shoaib Sheikh and others in the fake degree scandal. A division bench of IHC comprising Justice Athar Minallah and Justice Miagu
Published 22 Mar, 2018 12:00am
Panama Papers judgment: voices being raised inside court also: Nawaz

Panama Papers judgment: voices being raised inside court also: Nawaz

Deposed Prime Minister Nawaz Sharif Wednesday said that voices are being raised from inside and outside the court against the Supreme Court's July 28, 2017 judgment in the Panama Papers case. Sharif said this while talking to media persons after appearing
Published 22 Mar, 2018 12:00am
PM, Afghan envoy discuss ways for peace in Afghanistan
Exchange

PM, Afghan envoy discuss ways for peace in Afghanistan

Afghan ambassador Hazrat Omar Zakhilwal called on Prime Minister Shahid Khaqan Abbasi Wednesday. They discussed bilateral relations and efforts for lasting peace and stability in Afghanistan. The prime minister strongly condemned suicide blast at a shrine
Published 22 Mar, 2018 12:00am
Murder of Parveen Rehman JIT submits interim report to Supreme Court

Murder of Parveen Rehman JIT submits interim report to Supreme Court

The Joint Investigation Team (JIT) constituted to probe murder of social worker Parveen Rehman submitted its interim report to the Supreme Court on Wednesday. Justice Sheikh Azmat Saeed, heading a three-judge bench, observed that it is "an embarrassment f
Published 22 Mar, 2018 12:00am
KATI urges government to build new water reservoirs

KATI urges government to build new water reservoirs

President, Korangi Association of Trade and Industry (KATI), Tariq Malik has urged the government to take immediate measures for building new water reservoirs and improvement of drinking water quality. Discussing water challenges at meeting held on World
Published 22 Mar, 2018 12:00am
Taxpayers outreach: FBR Fate member meets PSO leadership

Taxpayers outreach: FBR Fate member meets PSO leadership

As part of FBR's taxpayers outreach programme aimed at acknowledging the contribution of taxpayers and offering them further help and assistance in a bid to broaden the tax base, Nausheen Javaid Amjad, Member Facilitation and Taxpayers Education (FATE) Wi
Published 22 Mar, 2018 12:00am
Eye bank opens at Allied Hospital Faisalabad

Eye bank opens at Allied Hospital Faisalabad

First-ever eye bank of Pakistan has been established at Ophthalmology Ward of Allied Hospital with the cooperation of Lyallpur Eye Trust (LET) for the preservation of Eye Corneas. The Eye Bank was inaugurated by Deputy Commissioner/Chairman Lyallpur Eye T
Published 22 Mar, 2018 12:00am
Abbasi stresses need for promoting moral values

Abbasi stresses need for promoting moral values

Prime Minister Shahid Khaqan Abbasi Wednesday stressed the need for promotion of education along with inculcation of basic moral values while maintaining balance between the two. Decisions based upon morality and basic values had permanence, boosting mora
Published 22 Mar, 2018 12:00am
LHC disposes of petition

LHC disposes of petition

The Lahore High Court on Wednesday disposed of a petition seeking disqualification of MPA Masroor Nawaz Jhangvi, son of founder of Sipah-e-Sahaba Pakistan Haq Nawaz Jhangvi, and directed Election Tribunal to revisit the representation against him. An elec
Published 22 Mar, 2018 12:00am
SPFC, UAF celebrate International Day of Forests

SPFC, UAF celebrate International Day of Forests

South Punjab Forest Company (SPFC), Hashoo Foundation and University of Agriculture Faisalabad (UAF) celebrated the International Day of Forests (IDF) 2018 by organizing a panel discussion to sensitize the students on the importance of forestry and the ne
Published 22 Mar, 2018 12:00am
'Punjab government making efforts to empower women'

'Punjab government making efforts to empower women'

Baidarie Sialkot with the support provided by UN WOMEN country office Islamabad organized a ceremony to celebrate "International Women's Day-2018" here last evening with the aim to advocate with the government functionaries to maximize measures for Increa
Published 22 Mar, 2018 12:00am
16 Lesco employees' heirs get jobs

16 Lesco employees' heirs get jobs

The Lahore Electric Supply Company (LESCO) has handed over appointment letters to 16 successors of LESCO employees who passed away during jobs. A ceremony to this effect held at the LESCO headquarters on Wednesday. Director Human Resources LESCO Azia Shoa
Published 22 Mar, 2018 12:00am
Ayaz Soomro's funeral prayers held in US

Ayaz Soomro's funeral prayers held in US

The funeral prayers of PPP MNA Ayaz Soomro who breathed his last on Tuesday was offered in a Brooklyn, US mosque Wednesday. Ahead of transporting the deceased's body back to Pakistan, his family and friends joined the funeral prayers held in Makki Masjid
Published 22 Mar, 2018 12:00am
Days of Nawaz, Imran's politics numbered: PPP leader

Days of Nawaz, Imran's politics numbered: PPP leader

Provincial president, PPP Khyber Pakhtunkhwa Mohammad Hamayun Khan Wednesday said that the politics of Nawaz Sharif and Imran had come to end, adding that the anti-PPP forces will get nothing. In a statement issued here, the provincial leader of PPP was h
Published 22 Mar, 2018 12:00am
Khattak pays surprise visit to Culture Heritage Trail

Khattak pays surprise visit to Culture Heritage Trail

Chief Minister Khyber Pakhtunkhwa Pervez Khattak paid a surprise visit to the Ghor Ghathri and Culture Heritage Trail and expressed anguish over the debris and other evacuated heaps of old construction materials at different spots on the heritage trail ro
Published 22 Mar, 2018 12:00am
'Go Green Tree Plantation' drive in full swing

'Go Green Tree Plantation' drive in full swing

'Go Green Tree Plantation' drive by Deokjae to plant thousands of trees along the Hyderabad Mirpurkhas Dual Carriageway is in full swing with the help of local school children and thousands of trees have already been planted so far. The drive was kick sta
Published 22 Mar, 2018 12:00am
World Water Day today

World Water Day today

The World Water Day-2018 will be observed today with a resolve to raise awareness and advocate the sustainable management apart from highlighting improvement in water and sanitation facilities. The day provides an opportunity to learn more about the water
Published 22 Mar, 2018 12:00am
HR, youth development vital for sustainable development: Hamza

HR, youth development vital for sustainable development: Hamza

Pakistan Muslim League-Nawaz (PML-N) leader Hamza Shahbaz on Wednesday said that human resource and youth development are vital for sustainable development and we must invest as much as possible in this connection. He said this while talking to the DFID D
Published 22 Mar, 2018 12:00am
Revival of MMA to help meet nation's expectations: Fazl

Revival of MMA to help meet nation's expectations: Fazl

Chief of JUI-F, Maulana Fazal-ur-Rehman on Wednesday hoped the MMA revival will help meet the religio-political parties to meet nation's expectations, saying the country's political system and politicians are the 'most' aggrieved. The country's institutio
Published 22 Mar, 2018 12:00am
Pakistan Day parade: Sri Lankan president to be 'Guest of Honour'

Pakistan Day parade: Sri Lankan president to be 'Guest of Honour'

Maithripala Sirisena, President of the Democratic Socialist Republic of Sri Lanka will visit Pakistan from 22nd to 24th March 2018. He will be the "Guest of Honour" on Pakistan Day parade. The participation of President Sirisena in the parade is a demonst
Published 22 Mar, 2018 12:00am
FBR chief urged to authorise DGTR to conduct courses

FBR chief urged to authorise DGTR to conduct courses

All Pakistan Customs Agents Association (APCAA) has requested the chairman FBR to give the mandate to the Directorate General Trade Organization (DGTR) for conducting training course for customs agents at Peshawar, Sialkot, Quetta, Multan and Hyderabad. I
Published 22 Mar, 2018 12:00am
Rain turns weather pleasant across country

Rain turns weather pleasant across country

Two days of light rain across the country has turned the spring season very pleasant as all varieties of flowers are blossoming and rapid increase in temperature has been delayed for some days. Rain thunderstorm with gusty winds occurred at isolated place
Published 22 Mar, 2018 12:00am
Sindh government organising SDF with USAID's help

Sindh government organising SDF with USAID's help

The Government of Sindh is organising the Sindh Development Forum (SDF) with the support of USAID and other development partners. The forum will advise the GoS and partners on the priorities and strategies on a recurring basis (as opposed to a one-off act
Published 22 Mar, 2018 12:00am
Brazilian envoy, SCCI chief discuss various matters
Exchange

Brazilian envoy, SCCI chief discuss various matters

Brazil Ambassador to Pakistan Claudio Raja GabaliaLins discussed different prospects as well as to find out the ways and means for enhancing the volume of bilateral trade in a meeting with president of Sialkot Chamber of Commerce and Industry (SCCI).
Published 22 Mar, 2018 12:00am
Italian delegation visits UET Lahore

Italian delegation visits UET Lahore

An Italian delegation consist of experts from different educational institutes called on vice chancellor University of Engineering & Technology Lahore Professor Dr Fazal Ahmad Khalid on Wednesday and discussed academic matters, joint ventures and other re
Published 22 Mar, 2018 12:00am
Speakers voice concern over rapid deforestation

Speakers voice concern over rapid deforestation

It is a matter of concern that forest net has reduced by 50 percent in the country in three decades due to urbanization, increasing population, and deforestation. It stands at 1.9 percent which was 4.5 percent in 1990.
Published 22 Mar, 2018 12:00am
Punjab government to outsource waste collection in five cities

Punjab government to outsource waste collection in five cities

The Punjab government has planned to outsource waste collection to private sector in five major cities of Punjab. This was disclosed during a meeting of solid waste management and water stock-taking held here on Wednesday. The meeting was chaired by Punja
Published 22 Mar, 2018 12:00am
Ashiana Housing case: Saad Rafique to appear before NAB today

Ashiana Housing case: Saad Rafique to appear before NAB today

As summoned, Railways Minister Khawaja Saad Rafique, is appearing before Joint investigation Team of the National Accountability Bureau Lahore in Ashiana Housing scandal today to record his statement regarding his alleged ownership of Paragon Housing Soci
Published 22 Mar, 2018 12:00am
Russia evinces interest in IT sector

Russia evinces interest in IT sector

The Russian desire to cooperate in IT sector of Pakistan will open up new avenues of bilateral relations in the field of technological interventions, which will also further strengthen and promote the interaction between the experts of two countries.
Published 22 Mar, 2018 12:00am
Saarc CCI calls for strong business agenda in South Asia

Saarc CCI calls for strong business agenda in South Asia

SAARC Chamber of Commerce and Industry Vice President Iftikhar Ali Malik Wednesday said South Asian countries need to work together with a "strong business agenda" in services trade as the SAARC region has a huge potential.
Published 22 Mar, 2018 12:00am
Furniture makers' delegation leaves for Turkey

Furniture makers' delegation leaves for Turkey

The Pakistan Furniture Council (PFC) delegation Wednesday left for Turkey on a three-day visit to further explore new investment avenues by sharing their vision, expertise for evolving future policies, economic studies and project-specific reports.
Published 22 Mar, 2018 12:00am
Hilhorst rings PSX bell to mark British Council anniversary
Exchange

Hilhorst rings PSX bell to mark British Council anniversary

The Country Director, British Council Rosemary Hilhorst Wednesday visited the Pakistan Stock Exchange (PSX) Limited, where she opened the market with the bell ceremony to commemorate the British Council's 70th anniversary in Pakistan.
Published 22 Mar, 2018 12:00am
GE launches innovative energy storage platform 'The Reservoir'

GE launches innovative energy storage platform 'The Reservoir'

With a commitment to deliver cleaner, more reliable power where and when it's needed most, GE has launched the GE Reservoir - a comprehensive energy storage platform that delivers a suite of customized storage solutions to help customers address new chall
Published 22 Mar, 2018 12:00am
Workshop on paediatric surgery held

Workshop on paediatric surgery held

The Department of Paediatrics, Liaquat University of Medical & Health Sciences Jamshoro arranged a workshop on "Updates in Paediatric Surgery", here on Wednesday.
Published 22 Mar, 2018 12:00am
SBP holds seminar on Digital Financial Services

SBP holds seminar on Digital Financial Services

A three-day SAARCFINANCE seminar on 'Digital Financial Services and Financial Inclusion in SAARC Countries' was hosted by State Bank of Pakistan (SBP), under the patronage of SAARCFINANCE Forum at National Institute of Banking and Finance (NIBAF), Islamab
Published 22 Mar, 2018 12:00am
Seminar on 'TB awareness' held at DUHS

Seminar on 'TB awareness' held at DUHS

Additional Director TB Control Programme (TBCP) Sindh, Abdul Khaliq Domki has said there is an approximate figure of around 121,000 patients who are suffering from tuberculosis but do not prefer to go through its treatment. Such an act makes their disease
Published 22 Mar, 2018 12:00am
Changan, IVECO models: Master Motors opens new assembly plant

Changan, IVECO models: Master Motors opens new assembly plant

Master Motors Limited has inaugurated its new plant for the assembly of Changan and IVECO products. The inauguration ceremony was held at Master Motors Limited plant, Port Qasim Karachi. The Master group has been operating since 1963 in different sectors
Published 22 Mar, 2018 12:00am
Around 10 containers retrieved from the sea

Around 10 containers retrieved from the sea

Around 10 containers, which fell overboard after two-ship collision incident on March 19, 2018, have been heaved up from the sea. According to KPT spokesman, some 10 containers have been lifted from the sea while the recovery of rest of the 12 containers
Published 22 Mar, 2018 12:00am
KU Syndicate polls to be held on April 9

KU Syndicate polls to be held on April 9

The elections of Karachi University Syndicate will be held on Monday, April 09 at Arts Auditorium from 9:30 am to 1:00 pm, KU registrar notified on Wednesday. 4 faculty members will be elected respectively each from Professors, Associate Professors, Assis
Published 22 Mar, 2018 12:00am
Finca Microfinance Bank celebrates Women's Day

Finca Microfinance Bank celebrates Women's Day

FINCA Microfinance Bank Limited celebrated International Women's Day across the network with a number of activities aimed towards acknowledging and promoting the role of women in the organization and how they contribute to its success. In keeping with FIN
Published 22 Mar, 2018 12:00am
Czech Republic to strengthen economic ties with Pakistan
Exchange

Czech Republic to strengthen economic ties with Pakistan

Deputy Minister for Foreign Affairs of Czech Republic, Ivan Jancarek has said Czech Republic would sign an agreement with Pakistan on trade cooperation and foreign affairs in order to further strengthen economic ties between both the countries.
Published 22 Mar, 2018 12:00am
BISP & EPI sign accord for immunization of beneficiaries in GB

BISP & EPI sign accord for immunization of beneficiaries in GB

Benazir Income Support Programme (BISP) and Expanded Programme on Immunization (EPI) on Wednesday signed a landmark agreement for immunization of BISP beneficiaries in Gilgit-Baltistan region. The partnership is expected to directly benefit 5,000 BISP ben
Published 22 Mar, 2018 12:00am
e-Exchange of information: FBR signs MoU with NTC
Exchange

e-Exchange of information: FBR signs MoU with NTC

Federal Board of Revenue (FBR) and National Tariff Commission (NTC) have signed a memorandum of understanding (MoU) for electronic exchange of information for accurate and timely implementation of notifications for levying countervailing, anti-dumping and
Published 22 Mar, 2018 12:00am
CADD, HR ministry reluctant to take up NCPWD bill

CADD, HR ministry reluctant to take up NCPWD bill

The National Assembly Standing Committee on Human Rights came to know on Wednesday that Ministry of Capital Administration & Development Division (CADD) and Ministry of Human rights are not ready to take up 'The National Commission for Persons with Disabi
Published 22 Mar, 2018 12:00am
PHA, Khushhali Bank sign MoU

PHA, Khushhali Bank sign MoU

Director General (DG) Pakhtunkhwa Housing Authority (PHA), Saif-ur-Rehman Usmani and the authorities of Khushhali Bank on Wednesday signed a Memorandum of Understanding (MoU) to provide motorcycles to the employees of the authority on soft terms and condi
Published 22 Mar, 2018 12:00am
National Refinery Limited
Mutual Funds

National Refinery Limited

National Refinery Limited (PSX: NRL) was incorporated on August 19, 1963 as a public limited company. In June 2003, the government decided to include NRL in its privatisation programme. The company was privatised in the year 2005, whereby 50 percent share
Published 22 Mar, 2018 12:00am
National Refinery Limited
Mutual Funds

National Refinery Limited

National Refinery Limited (PSX: NRL) was incorporated on August 19, 1963 as a public limited company. In June 2003, the government decided to include NRL in its privatisation programme. The company was privatised in the year 2005, whereby 50 percent share
Published 22 Mar, 2018 12:00am
PM snubs MOI&P

PM snubs MOI&P

Prime Minister, Shahid Khaqan Abbasi has reportedly snubbed Ministry of Industries and Production (MoI&P) for sending a summary to retain corruption-tainted Engineering Development Board (EDB) bypassing federal cabinet's decision of July 13, 2017, well in
Published 22 Mar, 2018 12:00am
PM snubs MOI&P

PM snubs MOI&P

Prime Minister, Shahid Khaqan Abbasi has reportedly snubbed Ministry of Industries and Production (MoI&P) for sending a summary to retain corruption-tainted Engineering Development Board (EDB) bypassing federal cabinet's decision of July 13, 2017, well in
Published 22 Mar, 2018 12:00am
CPPA proposes refund of Rs 2.20/unit

CPPA proposes refund of Rs 2.20/unit

The Central Power Purchasing Agency (CPPA) has proposed a refund of Rs 2.20 per unit to the consumers of power Distribution Companies (Discos) for February 2018. The National Electric Power Regulatory Authority (Nepra) will hear the petition of CPPA at a
Published 22 Mar, 2018 12:00am
Pakistan slams suicide attack in Kabul

Pakistan slams suicide attack in Kabul

Pakistan strongly condemns today's reprehensible suicide attack close to Ali Abad hospital and Kabul University. "We are grieved at the loss of precious and innocent lives in this brutal attack of terrorism. We express our deepest sympathies and condolenc
Published 22 Mar, 2018 12:00am
China's aircraft carrier sails past Taiwan as tensions rise
Exchange

China's aircraft carrier sails past Taiwan as tensions rise

Taiwan said Wednesday it sent ships and planes to track a Chinese aircraft carrier which passed through the Taiwan Strait, as Beijing's leader gave the island a fierce warning against separatism and Washington expressed strong backing for Taipei. The Liao
Published 22 Mar, 2018 12:00am
50 children fall ill from Russian landfill gas

50 children fall ill from Russian landfill gas

Doctors in a Russian town treated dozens of children complaining of dizziness and nausea on Wednesday because of noxious fumes coming from a local dump, authorities said. Residents of Volokolamsk, some 120 kilometres (75 miles) west of the Russian capital
Published 22 Mar, 2018 12:00am
App developer says he is scapegoat in Facebook data row

App developer says he is scapegoat in Facebook data row

The academic behind an app that harvested data from millions of Facebook users said Wednesday he was being scapegoated in an online privacy row that has rocked the world's biggest social network. British data firm Cambridge Analytica and Facebook are accu
Published 22 Mar, 2018 12:00am
Maldives ex-leader Gayoom charged with terrorism

Maldives ex-leader Gayoom charged with terrorism

Maldivian authorities have charged former strongman Maumoon Abdul Gayoom and several senior judges with "terrorism" for attempting to topple President Abdulla Yameen, the government said Wednesday. Eighty-year-old Gayoom and ten others - including the sac
Published 22 Mar, 2018 12:00am
China to reorganise propaganda efforts at home and abroad

China to reorganise propaganda efforts at home and abroad

China on Wednesday announced a series of changes aimed at strengthening its global influence, including the creation of a centralised news service to better communicate the ruling Communist Party's message at home and abroad. The changes are part of a lar
Published 22 Mar, 2018 12:00am
Khamenei says Iran has foiled US plans in Mideast

Khamenei says Iran has foiled US plans in Mideast

Iran's supreme leader Ayatollah Ali Khamenei said Tehran has neutralised US plans in the Middle East, in a speech Wednesday marking the Persian New Year. "Those who interfere in all the affairs of the world protest and ask: 'Why does Iran intervene in the
Published 22 Mar, 2018 12:00am
Myanmar president resigns

Myanmar president resigns

Myanmar's President Htin Kyaw resigned suddenly on Wednesday leaving the country's de facto leader Aung San Suu Kyi without a close confidant and political ally as she faces rising international opprobrium over the Rakhine crisis. The president, an old sc
Published 22 Mar, 2018 12:00am
Boko Haram frees most of abducted Dapchi schoolgirls

Boko Haram frees most of abducted Dapchi schoolgirls

Boko Haram Islamists who kidnapped 110 schoolgirls in Dapchi, northeast Nigeria, just over a month ago have so far returned 104 of the students to the town, the government said on Wednesday. Some of those released said the six girls still missing included
Published 22 Mar, 2018 12:00am
Merkel sharply criticises Turkish offensive in Afrin

Merkel sharply criticises Turkish offensive in Afrin

German Chancellor Angela Merkel on Wednesday strongly criticised the Turkish military offensive against Kurdish militants in their Syrian stronghold of Afrin. "Despite all the legitimate security interests Turkey has, it is unacceptable what is happening
Published 22 Mar, 2018 12:00am
Conditions for displaced from Syria's Ghouta 'tragic': UN

Conditions for displaced from Syria's Ghouta 'tragic': UN

The UN humanitarian coordinator in Syria on Wednesday condemned the "tragic" living conditions of thousands of civilians who have fled a regime assault on the shrinking rebel enclave of Eastern Ghouta. "If I was a citizen, I would not accept to stay in Ad
Published 22 Mar, 2018 12:00am
Texas bomb suspect blows himself up after police move in

Texas bomb suspect blows himself up after police move in

A white man suspected of carrying out a series of deadly parcel bombings in the Texas state capital Austin blew himself up early Wednesday as police closed in - easing tensions in a city that has been on edge for weeks. Police surrounded the man - identif
Published 22 Mar, 2018 12:00am
Spring snow storm slams US Northeast

Spring snow storm slams US Northeast

The fourth significant snow storm in three weeks pounded the US Northeast Wednesday, cancelling thousands of flights, closing schools and shutting federal offices on the second day of spring. Winter Storm Toby was expected to dump 12 to 18 inches (30 to 4
Published 22 Mar, 2018 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose more than 1 percent from a three-week low on Wednesday as the US dollar eased after the US Federal Reserve increased interest rates and forecast at least two more hikes for 2018. In its first policy meeting under new Fed chief Jerome Powell, the
Published 22 Mar, 2018 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

US wheat futures fell to near two-month lows on Wednesday on forecasts for another round of beneficial showers next week in the southern Plains production belt that could boost winter wheat production prospects, analysts said. Chicago Board of Trade soyab
Published 22 Mar, 2018 12:00am
Gold surges in Europe

Gold surges in Europe

Gold recovered from a three-week low as the dollar eased on profit-taking ahead of the US Federal Reserve's meeting later on Wednesday, which could provide further clues on the pace of expected interest rate increases. With a rate rise of 25 basis points
Published 22 Mar, 2018 12:00am