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Archive - 2018-03-29
Chairman JCSC calls on Egyptian President
Pakistan Top News

Chairman JCSC calls on Egyptian President

RAWALPINDI: Chairman Joint Chiefs of Staff Committee (JCSC), General Zubair Mahmood Hayat called on President of Egy
Published 29 Mar, 2018 10:35pm
Pak forex amounts to $ 17.948bn
Top News

Pak forex amounts to $ 17.948bn

KARACHI: Total liquid foreign reserves of  the country stand at $17.948 billion, says the State Bank of Pakistan (SBP).
Published 29 Mar, 2018 02:43pm
Saudi reforms 'fooling nobody': Amnesty
Front Top News

Saudi reforms 'fooling nobody': Amnesty

LONDON: Saudi Arabia's widely-lauded reforms are no more than a public relations blitz aimed at masking Riyadh's rights
Published 29 Mar, 2018 02:30pm
IOC chief arrives in Pyongyang
Sports

IOC chief arrives in Pyongyang

PYONGYANG: International Olympic Committee chief Thomas Bach arrived in Pyongyang on Thursday, in the latest in a flurry
Published 29 Mar, 2018 02:29pm
Profits grow at SYS
Telecommunication

Profits grow at SYS

The growth run continues for Pakistan’s oldest software house. Latest financials of Systems Limited (PSX: SYS) show impr
Published 29 Mar, 2018 05:12am
MPS: another raise?
Banking

MPS: another raise?

The monetary policy is due on Friday; the question is after 25 bps policy rate increase in Jan18 to 6 percent, what the
Published 29 Mar, 2018 05:11am
APTMA’s budget proposals (ii)
Textile

APTMA’s budget proposals (ii)

The Rs180 billion Prime Minister Incentive Package for the textile sector was launched last year. Yet, the impact textil
Published 29 Mar, 2018 05:10am
Saarc moot on 'Food and Agricultural Products' begins

Saarc moot on 'Food and Agricultural Products' begins

South Asian Association of Regional Corporation (SAARC)'s specialized body South Asian Regional Standard Organization (SARSO) meeting on "Food and Agricultural Products" started here on Wednesday. The meeting is being hosted by Pakistan Standards and Qual
Published 29 Mar, 2018 12:00am
March 31 last date to renew KCCI membership

March 31 last date to renew KCCI membership

The Karachi Chamber of Commerce and Industry (KCCI) informed all its members that KCCI's membership department will remain operational on Friday, March 30 till 5 pm for membership renewal with a two-hour break of for Namaz-e-Jumma.
Published 29 Mar, 2018 12:00am
Punjab health survey 2017 report today

Punjab health survey 2017 report today

The Planning and Development Department (P&D) is launching Punjab Health Survey (Round 2) 2017 report today. According to the documents, the survey is a part of the process for promoting evidence based decision making, to track results and progress in the
Published 29 Mar, 2018 12:00am
Saad appears before NAB

Saad appears before NAB

Federal Railways Minister Khawaja Saad Rafique appeared before the National Accountability Bureau (NAB) Lahore on Wednesday in a probe pertaining to a housing scam.
Published 29 Mar, 2018 12:00am
Bank AL Habib announces 30 percent cash dividend

Bank AL Habib announces 30 percent cash dividend

The Annual General Meeting of Bank AL Habib Limited was held at its Registered Office in Multan on March 27, 2018. The shareholders approved the Annual Accounts for the year ended December 31, 2017. The payment of 30 percent Cash Dividend (Final) was also
Published 29 Mar, 2018 12:00am
Bank AL Habib announces 30 percent cash dividend

Bank AL Habib announces 30 percent cash dividend

The Annual General Meeting of Bank AL Habib Limited was held at its Registered Office in Multan on March 27, 2018. The shareholders approved the Annual Accounts for the year ended December 31, 2017. The payment of 30 percent Cash Dividend (Final) was also
Published 29 Mar, 2018 12:00am
Cabinet approves appointment of Naveed as Member (Finance) PTA

Cabinet approves appointment of Naveed as Member (Finance) PTA

The federal cabinet on Wednesday approved the appointment of Mohammad Naveed as Member (Finance) Pakistan Telecommunication Authority (PTA). It was decided that the newly appointed Member (Finance) would also work as chairman PTA for three months.
Published 29 Mar, 2018 12:00am
Bank Alfalah launches first-ever ADT1 TFC on PSX
Exchange

Bank Alfalah launches first-ever ADT1 TFC on PSX

Bank Alfalah Wednesday launched the first-ever perpetual, listed Additional Tier-1 Term Finance Certificate (ADT1) TFC at the Pakistan Stock Exchange (PSX). Addressing the launch and closing bell ceremony, chief guest Sindh Governor Muhammad Zubair said P
Published 29 Mar, 2018 12:00am
Awards conferred upon Army officers, soldiers

Awards conferred upon Army officers, soldiers

On behalf of President of Islamic Republic of Pakistan, Corps Commander Karachi Lieutenant General Shahid Baig Mirza conferred awards upon various military officers, junior commissioned Officers and soldiers in a simple yet impressive ceremony held at Mal
Published 29 Mar, 2018 12:00am
TDAP holds 'Buying & Sourcing Houses Symposium'

TDAP holds 'Buying & Sourcing Houses Symposium'

Participants of an event on Wednesday urged the government to provide incentives and subsidized office space for buying houses that are eager to come back to Pakistan years after they had left the country citing security concerns. The request came at 'Buy
Published 29 Mar, 2018 12:00am
PHC dismisses petition against Peshawar BRT project

PHC dismisses petition against Peshawar BRT project

The Peshawar High Court on Wednesday dismissed a petition against the Peshawar Bus Rapid Transit (BRT) project, while the court directed the construction company to continue work on flyover near Chamkani for the project. A two-judge bench comprised of Jus
Published 29 Mar, 2018 12:00am
Hot & dry weather forecast for next 24 hours

Hot & dry weather forecast for next 24 hours

The Met Office on Wednesday forecast a hot to very hot and dry weather for the central and southern parts of the country in the next 24 hours. Mercury level peaked to 45 degrees Celsius in Chorr (Lower Sindh) and Turbat (Balochistan) over the past 24 hour
Published 29 Mar, 2018 12:00am
GGP projects to strengthen Pak-Japan ties: CG

GGP projects to strengthen Pak-Japan ties: CG

Toshikazu Isomura, Consul General of Japan, said Wednesday that projects being implemented under the Grant Assistance for Grassroots Human Security Projects (GGP) will further strengthen the existing friendly relations between the people of Japan and Paki
Published 29 Mar, 2018 12:00am
KATI chief perturbed over KE's load-shedding schedule

KATI chief perturbed over KE's load-shedding schedule

Korangi Association of Trade & Industry (KATI) president Tariq Malik has sharply reacted over announcement by K- Electric's spokesman of load shedding in Industrial areas of Karachi due to shortage of gas supply.
Published 29 Mar, 2018 12:00am
Government mops up Rs 2.9 billion in auction for MTBs

Government mops up Rs 2.9 billion in auction for MTBs

The federal government Wednesday borrowed some Rs 2.9 billion through the sale of government of Pakistan Market Treasury Bills (MTBs) Overall participation in the auction was very thin as financial institutions are expecting some surge in key policy rate
Published 29 Mar, 2018 12:00am
Government mops up Rs 2.9 billion in auction for MTBs

Government mops up Rs 2.9 billion in auction for MTBs

The federal government Wednesday borrowed some Rs 2.9 billion through the sale of government of Pakistan Market Treasury Bills (MTBs) Overall participation in the auction was very thin as financial institutions are expecting some surge in key policy rate
Published 29 Mar, 2018 12:00am
July-February 2017-2018: seafood export rises 10.18 percent

July-February 2017-2018: seafood export rises 10.18 percent

The country's seafood export continues to grow to $264.188 million in July-February 2017-18, up by 10.18 percent, official figures say. Increase in fisheries export now stands at $24.4 million in July-February 2017-18 from $239.788 million in July-Februar
Published 29 Mar, 2018 12:00am
Naval chief visits installations at Gwadar, Ormara

Naval chief visits installations at Gwadar, Ormara

Chief of the Naval Staff Admiral Zafar Mahmood Abbasi visited Naval Installations at Gwadar to review the operational readiness of naval units and progress of ongoing PN projects at Gwadar. Upon arrival at Gwadar Airport, Chief of the Naval Staff was rece
Published 29 Mar, 2018 12:00am
QWP voices concern over ineptness of KP Ehtesab Commission

QWP voices concern over ineptness of KP Ehtesab Commission

Qaumi Watan Party (QWP) has expressed serious concern over the ineffectiveness of Khyber Pakhtunkhwa Ehtesab Commission and urged National Accountability Bureau and Chief Justice of Pakistan to take notice of the massive expenditures on setting up of the
Published 29 Mar, 2018 12:00am
KPEZDMC submits proposal on comprehensive SEZ

KPEZDMC submits proposal on comprehensive SEZ

Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) has submitted a proposal on Comprehensive Special Economic Zone to Federal Board of Investment (BoI). The proposal reaffirms and re-iterates Government of Khyber Pakhtunkhwa's
Published 29 Mar, 2018 12:00am
'AJK government adopts OPC Punjab model'

'AJK government adopts OPC Punjab model'

Vice Chairperson Overseas Pakistanis Commission (OPC) Punjab, Senator Shaheen Khalid Butt has said that Government of Azad Jammu & Kashmir (AJK) has adopted OPC Punjab model to resolve the issues of expatriates belonging to AJK.
Published 29 Mar, 2018 12:00am
11 killed as roof caves in Rohri

11 killed as roof caves in Rohri

Eleven people were killed and nine injured when the roof of a warehouse collapsed onto workers in southern Pakistan on Wednesday, officials said. Six women and two girls were among the dead in the incident in Rohri district of Sindh. "The labourers were b
Published 29 Mar, 2018 12:00am
CAA conducts simulated emergency exercise

CAA conducts simulated emergency exercise

A full-scale simulated emergency exercise was conducted by Pakistan Civil Aviation Authority (CAA) at Allama Iqbal International Airport Lahore on Wednesday. The CAA fire and medical departments played an important role in the exercise. To make the said e
Published 29 Mar, 2018 12:00am
Lesco to establish 'Help Desk' at LCCI

Lesco to establish 'Help Desk' at LCCI

Chief Executive of Lahore Electric Supply Company (Lesco) Mujahid Pervaiz Chattah has announced to establish "Lesco Help Desk" at the Lahore Chamber of Commerce and Industry. The announcement was made during a meeting at the Lahore Chamber here on Wednesd
Published 29 Mar, 2018 12:00am
SECP allows LLPs to file appeals with Appellate Bench
Exchange

SECP allows LLPs to file appeals with Appellate Bench

Securities and Exchange Commission of Pakistan (SECP) has decided to allow Limited Liability Partnerships (LLPs) to file appeals against the commission with the SECP Appellate Bench where registrations of LLPs are refused. According to the draft Limited L
Published 29 Mar, 2018 12:00am
Five bodies recovered in Faisalabad

Five bodies recovered in Faisalabad

Horrifying incidents of recovery of dead bodies continues unabated as body of another young girl was recovered from canal here on Wednesday. Police said that body of a young girl was recovered from a canal in Tandlianwala and it was feared that the girl w
Published 29 Mar, 2018 12:00am
Bestway Group chief executive receives Sitara-e-Imtiaz

Bestway Group chief executive receives Sitara-e-Imtiaz

Bestway Group Chief Executive, Zameer Choudrey has been awarded the Sitara-e-Imitiaz (Star of Excellence), conferred on him by the President of Pakistan, on the 23rd of March 2018, in recognition of his contributions to advancing Pakistan through his serv
Published 29 Mar, 2018 12:00am
TDAP striving to solve exporters' problems: DG

TDAP striving to solve exporters' problems: DG

Trade Development Authority of Pakistan (TDAP) is endeavoring to help solve the trade related problems being faced by the exporters in perspective of enhancing the level of exports of the country. Mian Riaz Ahmed, Director General Trade Development Author
Published 29 Mar, 2018 12:00am
AG office highlights discrepancies in public sector firms

AG office highlights discrepancies in public sector firms

The Auditor General Punjab office has pinpointed financial embezzlements and violation of PPRA rules and Punjab business rules in the audit of public sector companies of Punjab government, said sources. They said no formal agreement has been signed with t
Published 29 Mar, 2018 12:00am
Experian, InfoTech host event to address consumer credit

Experian, InfoTech host event to address consumer credit

Experian and InfoTech hosted an insightful event 'Best Practices to Enhance Your Decisioning Across Customer Lifecycle' at Mövenpick Karachi. Executives from Experian shared with a group of senior bankers' actionable data driven strategies to address comp
Published 29 Mar, 2018 12:00am
PIPS holds three-day workshop on 'Legislative drafting'

PIPS holds three-day workshop on 'Legislative drafting'

Pakistan Institute of Parliamentary Services (PIPS) has organised a three-day national training workshop on 'Legislative Drafting' in collaboration with Manzil Pakistan (a research think tank) and Westminster Foundation for Democracy (WFD), at PIPS Islama
Published 29 Mar, 2018 12:00am
DG NAB Karachi to conduct open katchehry

DG NAB Karachi to conduct open katchehry

In line with directives of Chairman NAB former Justice Javed Iqbal, DG NAB Karachi Mohammad Altaf Bawany will himself hear complaints regarding corruption on every last Thursday of each month. In this regard DG NAB Karachi will conduct a 'Khuli Katchehry'
Published 29 Mar, 2018 12:00am
Saarc Vice President for uniform market-oriented agriculture policy

Saarc Vice President for uniform market-oriented agriculture policy

Vice President of SAARC Iftikhar Ali Malik Wednesday said that adopting a unanimous market-oriented agricultural policy could make South Asian region a world leader in agricultural trade in the decade to come besides that agricultural trade within the reg
Published 29 Mar, 2018 12:00am
Foodpanda opens in Faisalabad

Foodpanda opens in Faisalabad

Foodpanda, the on-demand international food delivery service, has headed up north and opened up a world of exciting flavours to residents in Faisalabad with its distinctive pink colour. And this Wednesday evening, people from restaurant industry, the medi
Published 29 Mar, 2018 12:00am
ANF seizes drugs, prohibited chemical worth Rs 4.12 billion

ANF seizes drugs, prohibited chemical worth Rs 4.12 billion

Anti Narcotics Force Pakistan seized 2.66 tons narcotics and 1.92 tons prohibited chemical valuing Rs 4.12 Billion internationally, arrested 32 persons including 3 women involved in drug trafficking and impounded 10 vehicles while conducting 27 counter-na
Published 29 Mar, 2018 12:00am
PM's call on CJP: JI to keep a watch on its outcome

PM's call on CJP: JI to keep a watch on its outcome

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq has said that the Prime Minister's call on the Chief Justice of Pakistan could not be without a purpose, and added that the JI would keep a watch of its outcome. He was talking to newsmen after a mee
Published 29 Mar, 2018 12:00am
FPCCI, GPCCI sign MoU

FPCCI, GPCCI sign MoU

The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and Greek-Pakistan Chamber of Commerce and Industry (GPCCI) have signed a memorandum of understanding (MoU) to establish long-term, sustainable and mutually beneficial cooperation. FPCCI V
Published 29 Mar, 2018 12:00am
Basmati rice import MSB seeks Reap's help to get rid of adulterated rice

Basmati rice import MSB seeks Reap's help to get rid of adulterated rice

Mauritius Standards Bureau (MSB) has sought help from Pakistan to develop standards for Basmati rice import to get rid of adulterated/blended rice which is presently flooding its market. Rice Exporters Association of Pakistan (REAP) has been asked by the
Published 29 Mar, 2018 12:00am
Workshop on 'Humanitarian reporting' concludes

Workshop on 'Humanitarian reporting' concludes

Director Centre for Excellence in Journalism (CEJ) of the Institute of Business Administration (IBA), Karachi, Kamal Siddiqi, has said that smartphones are rapidly replacing television among the young generation in Pakistan. Kamal said this while speaking
Published 29 Mar, 2018 12:00am
Short-term policies for reviving economy before polls demanded
Exchange

Short-term policies for reviving economy before polls demanded

Lahore School of Economics Rector Dr Shahid Amjad Chaudhry on Wednesday called for making short-term policies for reviving economy before the elections. The Rector was addressing the opening session of the 14th International Conference on the Management o
Published 29 Mar, 2018 12:00am
Non-duty paid cigarette units: bid to tarnish image of FBR's arm foiled

Non-duty paid cigarette units: bid to tarnish image of FBR's arm foiled

The Federal Board of Revenue's Inland Revenue Enforcement Network (IR-EN) has averted a major attempt of non-duty paid cigarette manufacturers of Azad Jammu and Kashmir (AJK) to tarnish the image of IR-EN by using fake/bogus seizure reports/government let
Published 29 Mar, 2018 12:00am
Punjab to assist KP in setting up women centres

Punjab to assist KP in setting up women centres

The Punjab government will extend full support to the government of Khyber Pakhtunkhwa for setting up violence against women centres there, spokesman Punjab government Malik Muhammad Ahmed Khan, said. The Punjab Chief Minister is desirous of seeing Khyber
Published 29 Mar, 2018 12:00am
Pakistan Investment Forum concludes in Paris

Pakistan Investment Forum concludes in Paris

Naeem Y Zamindar, Minister of State and Chairman Board of Investment Pakistan led a 17-member Pakistani business delegation to the Pakistan Investment Forum held in Paris.
Published 29 Mar, 2018 12:00am
PDA, IMA office-bearers meet Akhtar

PDA, IMA office-bearers meet Akhtar

Members and office-bearers of Pakistan Dairy Association as well as Steel & Iron Merchants Association held separate meetings with Special Assistant to Prime Minister on Revenue/Federal Minister Senator Haroon Akhtar Khan to share with him proposals and r
Published 29 Mar, 2018 12:00am
Foodpanda launches food delivery service in Pindi -Islamabad

Foodpanda launches food delivery service in Pindi -Islamabad

Foodpanda, the on-demand international food delivery service, has headed up north and opened up a world of exciting flavours to residents in Rawalpindi-Islamabad with its distinctive pink colour here on Wednesday. On Wednesday, the official launch was hel
Published 29 Mar, 2018 12:00am
Malam Jabba ski resort to have PC Hotel soon

Malam Jabba ski resort to have PC Hotel soon

Hashoo Group announced the signing of a management contract between its subsidiary Pakistan Services Limited and Samsons Group of Companies (PVT) Limited, which brings the Pearl Continental Hotels & Resorts brand to Malam Jabba Ski Resort.
Published 29 Mar, 2018 12:00am
Academia-industry link vital for economic growth: minister

Academia-industry link vital for economic growth: minister

Federal Minister for Education and Professional Training, Engineer Muhammad Baligh-Ur-Rehman has said that China-Pakistan Economic Corridor (CPEC) is a great achievement of the incumbent government to help economic growth, investment and reduction in unem
Published 29 Mar, 2018 12:00am
Pakistan calls for equitable representation in UNSC

Pakistan calls for equitable representation in UNSC

Pakistan, which firmly opposes additional permanent members on the UN Security Council (UNSC), has called for equitable representation on the 15-member body by adding more elected seats to it. Speaking in the long-running Intergovernmental Negotiations on
Published 29 Mar, 2018 12:00am
Thal Limited
Currency

Thal Limited

Thal Limited (PSX: THALL) is a House of Habib company first incorporated in1966 operating a jute mill. Since then the company has expanded and diversified into a business that caters to the automotives, engineering and construction sectors of the country.
Published 29 Mar, 2018 12:00am
Thal Limited
Currency

Thal Limited

Thal Limited (PSX: THALL) is a House of Habib company first incorporated in1966 operating a jute mill. Since then the company has expanded and diversified into a business that caters to the automotives, engineering and construction sectors of the country.
Published 29 Mar, 2018 12:00am
PM for high-level preparedness to cope with impact of climate changes

PM for high-level preparedness to cope with impact of climate changes

Prime Minister Shahid Khaqan Abbasi on Wednesday called for high-level preparedness and institutional response to meet the challenges confronting the country due to looming impacts of climate change. An official said that while chairing a meeting of Natio
Published 29 Mar, 2018 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell more than one percent on Wednesday as a dollar bounce on US growth data pulled prices further from the previous day's near six-week peak, although softer equities markets kept bullion underpinned. The US dollar rose 0.4 percent against the euro
Published 29 Mar, 2018 12:00am
US MIDDAY: wheat hits two-month low

US MIDDAY: wheat hits two-month low

US wheat futures dipped to two-month lows on Wednesday as improving weather for developing crops in the drought-hit southern Plains put the focus back on ample world supplies, traders said. Corn futures were little changed and soyabeans were choppy as tra
Published 29 Mar, 2018 12:00am
Gold down in Europe
Exchange

Gold down in Europe

Gold fell on Wednesday as a dollar bounce on US growth data pulled prices further from the previous day's near six-week peak, although softer equities markets kept it underpinned. The dollar rose 0.4 percent against the euro after sliding to its lowest si
Published 29 Mar, 2018 12:00am
Gold slips in Asia
Exchange

Gold slips in Asia

Gold on Wednesday backed away from an over 5-week high touched in the previous session as concerns about a trade war between the United States and China eased, which supported the dollar and reduced the incentive to hold bullion as a safe-haven asset. Spo
Published 29 Mar, 2018 12:00am
Gold falls in New York
Currency

Gold falls in New York

Gold fell on Tuesday after hitting a near six-week high as the US dollar rose and risk appetite revived in global financial markets, but the precious metal remained underpinned by an array of geopolitical tensions. The US dollar rose versus a currency bas
Published 29 Mar, 2018 12:00am
Raw sugar drops to 2-1/2-year low
Currency

Raw sugar drops to 2-1/2-year low

Raw sugar futures on ICE fell to a 2-1/2-year low on Wednesday as broader economic concerns and the weakness of top producer Brazil's currency added to an already bearish mood in a market facing excess supplies. Soft commodity markets will shut for the Go
Published 29 Mar, 2018 12:00am
Palm oil slips
Vegetable Oil

Palm oil slips

Malaysian palm oil futures edged lower on Wednesday evening as the ringgit strengthened further and hit its highest in nearly two years. The Malaysian currency rose as much as 0.53 percent against the dollar to 3.8550, its highest since April 2016, bolste
Published 29 Mar, 2018 12:00am
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