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Archive - 2018-03-31
PM says visited CJP as a 'faryadi'

PM says visited CJP as a 'faryadi'

Prime Minister Shahid Khaqan Abbasi on Friday said he had visited the Chief Justice Saqib Nisar as a 'faryadi' (complainant) of the country. He was referring to the reported remarks of Chief Justice during a hearing on Thursday wherein he had said his job
Published 31 Mar, 2018 12:00am
PM says visited CJP as a 'faryadi'

PM says visited CJP as a 'faryadi'

Prime Minister Shahid Khaqan Abbasi on Friday said he had visited the Chief Justice Saqib Nisar as a 'faryadi' (complainant) of the country. He was referring to the reported remarks of Chief Justice during a hearing on Thursday wherein he had said his job
Published 31 Mar, 2018 12:00am
Musharraf's trial to reach its conclusion: Nawaz

Musharraf's trial to reach its conclusion: Nawaz

Former Prime Minister Nawaz Sharif Friday said that the trial of former President General Pervez Musharraf (retd) will reach its logical conclusion. Replying to a question regarding dissolution of a Special Court bench hearing the treason case against Mus
Published 31 Mar, 2018 12:00am
Musharraf's trial to reach its conclusion: Nawaz

Musharraf's trial to reach its conclusion: Nawaz

Former Prime Minister Nawaz Sharif Friday said that the trial of former President General Pervez Musharraf (retd) will reach its logical conclusion. Replying to a question regarding dissolution of a Special Court bench hearing the treason case against Mus
Published 31 Mar, 2018 12:00am
Policy rate remains unchanged at 6 percent
Exchange

Policy rate remains unchanged at 6 percent

The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) on Friday has decided to keep the policy rate unchanged at 6 percent for the next two months. "Following detailed deliberations, the committee is of the view that some time may be allowed
Published 31 Mar, 2018 12:00am
Policy rate remains unchanged at 6 percent
Exchange

Policy rate remains unchanged at 6 percent

The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) on Friday has decided to keep the policy rate unchanged at 6 percent for the next two months. "Following detailed deliberations, the committee is of the view that some time may be allowed
Published 31 Mar, 2018 12:00am
Policy rate remains unchanged at 6 percent
Exchange

Policy rate remains unchanged at 6 percent

The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) on Friday has decided to keep the policy rate unchanged at 6 percent for the next two months. "Following detailed deliberations, the committee is of the view that some time may be allowed
Published 31 Mar, 2018 12:00am
Caretaker setup: Hafiz Pasha top contender for PM's slot

Caretaker setup: Hafiz Pasha top contender for PM's slot

Noted economist Dr Hafiz Pasha is among the top contenders for the prime ministerial slot in the upcoming caretaker setup, set to take oath on June 01, 2018, as the current assemblies complete their five-year terms on May 31. Informed sources told Busi
Published 31 Mar, 2018 12:00am
Caretaker setup: Hafiz Pasha top contender for PM's slot

Caretaker setup: Hafiz Pasha top contender for PM's slot

Noted economist Dr Hafiz Pasha is among the top contenders for the prime ministerial slot in the upcoming caretaker setup, set to take oath on June 01, 2018, as the current assemblies complete their five-year terms on May 31. Informed sources told Busi
Published 31 Mar, 2018 12:00am
LNG import deals: government begins to think long term

LNG import deals: government begins to think long term

The government is considering signing long-term sale and purchase agreements on LNG import to reduce its reliance on spot purchases. Currently, Pakistan has a single government-to-government import agreement with Qatar, while Pakistan LNG Ltd has a short-
Published 31 Mar, 2018 12:00am
LNG import deals: government begins to think long term

LNG import deals: government begins to think long term

The government is considering signing long-term sale and purchase agreements on LNG import to reduce its reliance on spot purchases. Currently, Pakistan has a single government-to-government import agreement with Qatar, while Pakistan LNG Ltd has a short-
Published 31 Mar, 2018 12:00am
LNG import deals: government begins to think long term

LNG import deals: government begins to think long term

The government is considering signing long-term sale and purchase agreements on LNG import to reduce its reliance on spot purchases. Currently, Pakistan has a single government-to-government import agreement with Qatar, while Pakistan LNG Ltd has a short-
Published 31 Mar, 2018 12:00am
BRIndex100 ends flat
Exchange

BRIndex100 ends flat

Pakistan Stock Exchange Friday witnessed a mixed trend as fresh buying was seen in various stocks while at the same time some investors opted to book profit on available margins. BRIndex100 closed flat at 4,939.33 points, down 0.02 points. BRIndex100 touc
Published 31 Mar, 2018 12:00am
BRIndex100 ends flat
Exchange

BRIndex100 ends flat

Pakistan Stock Exchange Friday witnessed a mixed trend as fresh buying was seen in various stocks while at the same time some investors opted to book profit on available margins. BRIndex100 closed flat at 4,939.33 points, down 0.02 points. BRIndex100 touc
Published 31 Mar, 2018 12:00am
BRIndex100 ends flat
Exchange

BRIndex100 ends flat

Pakistan Stock Exchange Friday witnessed a mixed trend as fresh buying was seen in various stocks while at the same time some investors opted to book profit on available margins. BRIndex100 closed flat at 4,939.33 points, down 0.02 points. BRIndex100 touc
Published 31 Mar, 2018 12:00am
PITB makes LND system public for quality teaching, learning

PITB makes LND system public for quality teaching, learning

The online real time data of Literacy and Numeracy Drive (LND) system developed by the Punjab Information Technology Board (PITB) in collaboration with School Education Department for quality teaching and learning in the province of Punjab made public dur
Published 31 Mar, 2018 12:00am
Nestlé partners with UVAS for capacity building of farmers

Nestlé partners with UVAS for capacity building of farmers

In-line with its commitment to promote dairy sector of Pakistan having its deep roots in the dairy farmers' community, Nestlé Pakistan partnered with University of Veterinary & Animal Sciences (UVAS) by signing a Memorandum of Understanding (MoU) which wi
Published 31 Mar, 2018 12:00am
Three police officers killed in bomb attack

Three police officers killed in bomb attack

Police say militants that struck a police convoy with a bomb attack have killed three officers in the Dera Ismail Khan. Police official Mohammad Khan says Friday's attack was aimed at the newly appointed district police chief, Zahid Ullah, who escaped unh
Published 31 Mar, 2018 12:00am
Pakistan, India 'mutually agree' to resolve tension

Pakistan, India 'mutually agree' to resolve tension

Pakistan and India have "mutually agreed" to resolve the latest diplomatic tension started over the alleged harassment of diplomats at each other's capitals through a bilateral treaty signed between the two countries on August 19, 1992. "India and Pakista
Published 31 Mar, 2018 12:00am
Pakistan, India 'mutually agree' to resolve tension

Pakistan, India 'mutually agree' to resolve tension

Pakistan and India have "mutually agreed" to resolve the latest diplomatic tension started over the alleged harassment of diplomats at each other's capitals through a bilateral treaty signed between the two countries on August 19, 1992. "India and Pakista
Published 31 Mar, 2018 12:00am
Earthquake jolts Islamabad, KP

Earthquake jolts Islamabad, KP

Earthquake shook the residents of Pakistan's capital city Islamabad and many cities of its Khyber Pakhtunkhwa province, Aaj News reported Friday night. Its 5.1 severity was measured at Richter scale whereas its epicentre was the border areas between Afgha
Published 31 Mar, 2018 12:00am
Earthquake jolts Islamabad, KP

Earthquake jolts Islamabad, KP

Earthquake shook the residents of Pakistan's capital city Islamabad and many cities of its Khyber Pakhtunkhwa province, Aaj News reported Friday night. Its 5.1 severity was measured at Richter scale whereas its epicentre was the border areas between Afgha
Published 31 Mar, 2018 12:00am
Indian editor arrested for fake news on monk

Indian editor arrested for fake news on monk

Indian police have arrested the editor of a website for publishing a fake report that Muslims had attacked a monk from the Jain faith, officials said Friday. Mahesh Vikram Hegde was arrested in southern Karnataka state on Thursday on charges of spreading
Published 31 Mar, 2018 12:00am
Indian editor arrested for fake news on monk

Indian editor arrested for fake news on monk

Indian police have arrested the editor of a website for publishing a fake report that Muslims had attacked a monk from the Jain faith, officials said Friday. Mahesh Vikram Hegde was arrested in southern Karnataka state on Thursday on charges of spreading
Published 31 Mar, 2018 12:00am
Clashes, 15 dead as thousands of Gazans march near Israel border

Clashes, 15 dead as thousands of Gazans march near Israel border

Clashes erupted as tens of thousands of Gazans marched near the Israeli border in a major protest on Friday, leaving 15 Palestinians dead and hundreds more wounded in the conflict's worst single day of violence since the 2014 Gaza war.
Published 31 Mar, 2018 12:00am
Clashes, 15 dead as thousands of Gazans march near Israel border

Clashes, 15 dead as thousands of Gazans march near Israel border

Clashes erupted as tens of thousands of Gazans marched near the Israeli border in a major protest on Friday, leaving 15 Palestinians dead and hundreds more wounded in the conflict's worst single day of violence since the 2014 Gaza war.
Published 31 Mar, 2018 12:00am
Proposal on agriculture reforms approved by Cabinet
Cotton

Proposal on agriculture reforms approved by Cabinet

The federal cabinet has disapproved a proposal on agriculture reforms presented by the Ministry of National Food Security and Reforms (MNFS&R) in the draft National Food Security Policy as the matter is sub judice in the Supreme Court of Pakistan, well-in
Published 31 Mar, 2018 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 31 Mar, 2018 12:00am
Proposal on agriculture reforms approved by Cabinet
Cotton

Proposal on agriculture reforms approved by Cabinet

The federal cabinet has disapproved a proposal on agriculture reforms presented by the Ministry of National Food Security and Reforms (MNFS&R) in the draft National Food Security Policy as the matter is sub judice in the Supreme Court of Pakistan, well-in
Published 31 Mar, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 31 Mar, 2018 12:00am
Proposal on agriculture reforms approved by Cabinet
Cotton

Proposal on agriculture reforms approved by Cabinet

The federal cabinet has disapproved a proposal on agriculture reforms presented by the Ministry of National Food Security and Reforms (MNFS&R) in the draft National Food Security Policy as the matter is sub judice in the Supreme Court of Pakistan, well-in
Published 31 Mar, 2018 12:00am
Russia expels diplomats from 23 countries

Russia expels diplomats from 23 countries

Russia expelled diplomats from 23 countries on Friday in retaliation against the West in a spy row, in the biggest wave of tit-for-tat expulsions in recent memory. The Russian foreign ministry said it had summoned the heads of missions from 23 countries -
Published 31 Mar, 2018 12:00am
Russia expels diplomats from 23 countries

Russia expels diplomats from 23 countries

Russia expelled diplomats from 23 countries on Friday in retaliation against the West in a spy row, in the biggest wave of tit-for-tat expulsions in recent memory. The Russian foreign ministry said it had summoned the heads of missions from 23 countries -
Published 31 Mar, 2018 12:00am
Budget meetings scheduled

Budget meetings scheduled

Finance Division has scheduled Priorities Committee meetings, which will be co-chaired by finance secretary, secretary planning and secretary Economic Affairs Division, from Monday to Friday (April 2-6) to review and finalize recurrent and development bud
Published 31 Mar, 2018 12:00am
Budget meetings scheduled

Budget meetings scheduled

Finance Division has scheduled Priorities Committee meetings, which will be co-chaired by finance secretary, secretary planning and secretary Economic Affairs Division, from Monday to Friday (April 2-6) to review and finalize recurrent and development bud
Published 31 Mar, 2018 12:00am
Budget meetings scheduled

Budget meetings scheduled

Finance Division has scheduled Priorities Committee meetings, which will be co-chaired by finance secretary, secretary planning and secretary Economic Affairs Division, from Monday to Friday (April 2-6) to review and finalize recurrent and development bud
Published 31 Mar, 2018 12:00am
Why revive Pepco?

Why revive Pepco?

According to a Business Recorder exclusive, the Power Division in the Ministry of Energy has proposed the revival of Pakistan Electric Power Company (Pepco) which was dissolved in November 2011 by its Board of Directors into eight autonomous compan
Published 31 Mar, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (March 30, 2018).

Published 31 Mar, 2018 12:00am
Better late than never

Better late than never

Seven years after he appeared before the Supreme Court as a petitioner in the controversial Memogate case that shook the then PPP government to its core, former prime minister Nawaz Sharif has expressed regret for having gotten involved in it. The timing
Published 31 Mar, 2018 12:00am
Inappropriate option

Inappropriate option

It has been reported that in order to keep Pakistan's economy afloat, avoid the IMF bailout package and successfully conclude the currently-valued $60 billion China Pakistan Economic Corridor (CPEC) project, Pakistan has taken into confidence countries li
Published 31 Mar, 2018 12:00am
So who is right?
Currency

So who is right?

A couple of weeks ago, I quizzed those ambitious of leading Pakistan in the near future, which ambition for me at least is a paradox that I would rather not elaborate upon, about their economic plans. Arguing, and concluding, that economic freedom trumps,
Published 31 Mar, 2018 12:00am
Trump weighs dropping personal efforts on biofuel reform

Trump weighs dropping personal efforts on biofuel reform

President Donald Trump is seriously considering abandoning efforts to remake the nation's biofuel laws after wading deep into an issue that divides some of his core constituencies, according to three sources familiar with the administration's thinking.
Published 31 Mar, 2018 12:00am
'Judicial' martial law'

'Judicial' martial law'

Business Recorder op-ed writer Ikram Sehgal in his write-up titled "'Judicial' martial law" has concluded that "CJ Saqib Nisar promises that monarchy-based democracy will not be allowed to happen; hopefully he and his brother justices will insist o
Published 31 Mar, 2018 12:00am
THE RUPEE: gains 20 paisas vs $
Currency

THE RUPEE: gains 20 paisas vs $

The rupee shrugged off persisting weakness versus the dollar on the currency market on Friday in the process of trading activity, money experts said. The rupee fluctuated slightly in terms of the dollar for buying and selling at Rs 115.48 and Rs 115.51 re
Published 31 Mar, 2018 12:00am
'I've never been so happy': Malala

'I've never been so happy': Malala

Nobel Peace Prize winner Malala Yousafzai says she has pined for her home in picturesque Swat Valley, even as she recalled two years living in fear under the Taliban's harsh interpretation of Islamic law. Visiting her homeland for the first time since a T
Published 31 Mar, 2018 12:00am
THE RUPEE: gains 20 paisas vs $
Currency

THE RUPEE: gains 20 paisas vs $

The rupee shrugged off persisting weakness versus the dollar on the currency market on Friday in the process of trading activity, money experts said. The rupee fluctuated slightly in terms of the dollar for buying and selling at Rs 115.48 and Rs 115.51 re
Published 31 Mar, 2018 12:00am
Pakistanis among 17 dead as bus with illegal migrants crashes in Turkey

Pakistanis among 17 dead as bus with illegal migrants crashes in Turkey

At least 17 people have been killed and another 36 wounded after a bus carrying illegal immigrants hit a lighting pole in eastern Turkey and burst into flames, local media reported on Friday. The bus, which crashed late Thursday on the Igdir-Kars highway,
Published 31 Mar, 2018 12:00am
PTM to organise rally tomorrow

PTM to organise rally tomorrow

Under the banner of Pakhtuns Tahaffuz Movement (PTM) a public gathering will be arranged at Bacha Chowk, Landi Kotal on April 01 that will be addressed central leadership of the association. Talking to local media persons at Landi Kotal Press Club on Frid
Published 31 Mar, 2018 12:00am
Case against Daniyal: prosecution witnesses cross-examined

Case against Daniyal: prosecution witnesses cross-examined

Prosecution witnesses in the court of contempt case against Federal Minister for Privatization, Daniyal Aziz, Friday recorded their statements and were cross-examined. Director (Monitoring) Pakistan Electronic Media Regulatory Authority (Pemra), Haji Adam
Published 31 Mar, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 30, 2018).

Published 31 Mar, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 30, 2018).

Published 31 Mar, 2018 12:00am
Army, PAF join hands to extinguish fire of Margalla Hills

Army, PAF join hands to extinguish fire of Margalla Hills

Pakistan Army and Pakistan Air Forces (PAF) have joined hands with Capital Development Authority (CDA) to extinguish fire erupted on Margalla Hills here on Friday. Four helicopters are busy extinguishing fire with bambi buckets, said a spokesman of Nation
Published 31 Mar, 2018 12:00am
Malala's visit to Swat uncertaindespite high alert

Malala's visit to Swat uncertaindespite high alert

A women's activist said Friday that Malala Yousafzai, who has returned to Islamabad for the first time since a Taliban militant shot her in 2012, was hoping to visit her Swat Valley hometown but that the trip depended on security clearances from the gover
Published 31 Mar, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (March 30, 2018)

Published 31 Mar, 2018 12:00am
Call for establishing new strategic security body

Call for establishing new strategic security body

Pakistan Awami Tehreek-e-Inqilab Chairman Professor Aftab Lodhi has called for establishing a new strategic security organisation on the pattern of Pentagon to counter international challenges. Talking to the members of Inqilab Think Tank, he said the US
Published 31 Mar, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (March 30, 2018).

Published 31 Mar, 2018 12:00am
ECP to appoint judges as ROs in upcoming polls

ECP to appoint judges as ROs in upcoming polls

Election Commission of Pakistan (ECP) Friday decided to appoint judges of lower judiciary as district returning officers and returning officers in upcoming general election. Under Articles 50 and 51 of Elections Act 2017, the ECP has written separate lett
Published 31 Mar, 2018 12:00am
Convener-ship issue: MQM-P factions await IHC's verdict

Convener-ship issue: MQM-P factions await IHC's verdict

Both factions of Muttahida Qaumi Movement-Pakistan (MQM-P) have failed to reach an agreement on who will hold the convener-ship of the party despite several meetings and backdoor negotiations while they wait for Islamabad High Court's verdict to settle th
Published 31 Mar, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 30, 2018).

Published 31 Mar, 2018 12:00am
Exporters apprehend losing markets due to power outages

Exporters apprehend losing markets due to power outages

Industrialists have expressed concern over load-shedding in industrial areas which will certainly have serious negative impact on industrial production which is the job-crating backbone of this commercial and port city. They urged K-Eclectic to immediatel
Published 31 Mar, 2018 12:00am
The Weather

The Weather

The weather report on Friday (March 30, 2018) and the forecast for Saturday (March 31, 2018).

Published 31 Mar, 2018 12:00am
KCCI chief demands industrial status for IT sector

KCCI chief demands industrial status for IT sector

President of Karachi Chamber of Commerce & Industry (KCCI) Muffasar Malik has said that the IT sector of the country is fast growing. "Every year 0.8 million desktop computers are imported while only 0.2 million are locally produced to meet the demand of
Published 31 Mar, 2018 12:00am
Scorching heat persists across Sindh

Scorching heat persists across Sindh

Sizzling temperature on Friday battered district Shaheed Benazirabad with 45.5 degrees Celsius, as hot waves continued to swirl across Sindh province, according to the Met Office. Turbat, Rohri and Jacobabad witnessed the mercury shooting to 45 degrees Ce
Published 31 Mar, 2018 12:00am
Fake encounters: SHC adjourns hearing till April 11

Fake encounters: SHC adjourns hearing till April 11

The Sindh High Court (SHC) on Friday adjourned the hearing of a petition seeking impartial inquiry into police encounters led by ex-SSP Malir Rao Anwar since 1992. Hearing was adjourned till 11th April due to absence of petitioner. A division bench headed
Published 31 Mar, 2018 12:00am
14 stolen bikes recovered, gang busted

14 stolen bikes recovered, gang busted

The police arrested two members of a motorcycle lifter gang, while one managed to flee and recovered 14 stolen bikes here on Friday. SSP Anti-Car Lifting Cell (ACLC) Asad Raza said that taking notice of the surge in motorcycles lifting and snatching incid
Published 31 Mar, 2018 12:00am
Tree plantation drive launched in Karachi

Tree plantation drive launched in Karachi

Karachi Commissioner Ejaz Ahmed Khan has urged all relevant institutions in the city to play their due role to make tree plantation drive successful that will help improve environment of this provincial capital city. "All the concerned citizens and stakeh
Published 31 Mar, 2018 12:00am
KE warns of severe load-shedding if gas dispute not resolved

KE warns of severe load-shedding if gas dispute not resolved

K-Electric (KE) Friday warned of severe loadshedding in summer, if SSGC fails to supply required gas to run its power plants. K-Electric has held SSGC responsible for the ongoing loadshedding and urged the federal government to intervene and resolve gas s
Published 31 Mar, 2018 12:00am
Bid to smuggle huge quantity of betel nuts foiled

Bid to smuggle huge quantity of betel nuts foiled

Model Customs Collectorate (MCC) of Appraisement-East on Friday claimed to have foiled an attempt for smuggling huge quantity of betel nuts under the guise of soap stock. According to details, following the stiff vigilance, the examination officers of the
Published 31 Mar, 2018 12:00am
CPEC to create huge job opportunities for Pakistanis: speakers
Exchange

CPEC to create huge job opportunities for Pakistanis: speakers

Speakers at a conference on Friday while stressing the need for active involvement of local investors and businessmen in China-Pakistan Economic Corridor (CPEC) projects said that it will open up huge job opportunities for Pakistani people. Speaking at th
Published 31 Mar, 2018 12:00am
SC issues order to recover daughters of Lithuanian woman

SC issues order to recover daughters of Lithuanian woman

The Supreme Court on Friday directed district police officer (DPO) Gujranwala to recover the daughters of a Lithuanian national and produce them before this court on Monday. A two-member judge bench, headed by Chief Justice Mian Saqib Nisar, heard the app
Published 31 Mar, 2018 12:00am
WB approves $145 million to expand home ownership

WB approves $145 million to expand home ownership

The World Bank Friday approved $145 million to expand home ownership including women and the poor through access to affordable housing finance in Pakistan. The Pakistan Housing Finance Project (PHF) will support Government of Pakistan's vision and strateg
Published 31 Mar, 2018 12:00am
Bilawal condemns murder of student

Bilawal condemns murder of student

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has strongly condemned the brutal rape and murder of MA English student, Abida, who was found dead, after allegedly being subjected to sexual abuse in Faisalabad. In a statement issued here, the PPP C
Published 31 Mar, 2018 12:00am
Rs 5.26 cut recommended in petrol price

Rs 5.26 cut recommended in petrol price

Based on the exiting tax rate, Oil and Gas Regulatory Authority (Ogra) Friday recommended reduction of Rs 5.26 per liter in the rate of motor gasoline (petrol) for the month of April 2018. According to a working paper moved to Ministry of Energy (Petroleu
Published 31 Mar, 2018 12:00am
Pakistani flag displayed at Times Square

Pakistani flag displayed at Times Square

Pakistan National Flag and RoohAfza were displayed on world-famous NASDAQ screen at Times Square, New York, USA on the happy occasion of Pakistan Day - 23rd March, 2018.
Published 31 Mar, 2018 12:00am
Punjab has 14 stadiums of international Standards

Punjab has 14 stadiums of international Standards

Punjab government has constructed dozens of playgrounds, stadiums and gymnasiums of international standard during past five years across the province. Provincial Minister for Sports & Youth Affairs Jehangir Khanzada has said the Provincial government has
Published 31 Mar, 2018 12:00am
Soneri Bank earns Rs 1.64 billion profit after tax

Soneri Bank earns Rs 1.64 billion profit after tax

The annual financial statements of Soneri Bank Limited for the year ended 31 December 2017 were approved by the shareholders of the Bank in its 26th AGM held on Friday. The meeting was chaired by Alauddin Feerasta, Chairman of the Bank. Bank declared Rs 1
Published 31 Mar, 2018 12:00am
Soneri Bank earns Rs 1.64 billion profit after tax

Soneri Bank earns Rs 1.64 billion profit after tax

The annual financial statements of Soneri Bank Limited for the year ended 31 December 2017 were approved by the shareholders of the Bank in its 26th AGM held on Friday. The meeting was chaired by Alauddin Feerasta, Chairman of the Bank. Bank declared Rs 1
Published 31 Mar, 2018 12:00am
Future of refugees: 'Pakistan formulating Afghan policy'

Future of refugees: 'Pakistan formulating Afghan policy'

Lieutenant Cdr Ihsan Ghani (retd), National Coordinator of National Counter Terrorism Authority (Nacta), on Friday said that Pakistan is formulating Afghan policy to decide about the future of Afghan refugees. During a press conference Ihsan Ghani said th
Published 31 Mar, 2018 12:00am
Haqqani terms SC's decision 'meaningless'

Haqqani terms SC's decision 'meaningless'

Pakistan's former ambassador to the US Husain Haqqani has said Supreme Court's order to bring him back to Pakistan is "meaningless" because it lacks validity insofar as international law is concerned.
Published 31 Mar, 2018 12:00am
Secretary education apprised about HEC's performance

Secretary education apprised about HEC's performance

Dr Mukhtar Ahmed, Chairman Higher Education Commission (HEC) briefed Akbar Hussain Durrani, Secretary, Ministry of Federal Education and Professional Training on the functions, powers, initiatives and achievements of HEC since its inception in 2002 during
Published 31 Mar, 2018 12:00am
Pakistani surgeons conduct operation of brain tumour without anaesthesia

Pakistani surgeons conduct operation of brain tumour without anaesthesia

A team of Pakistani surgeons has achieved a breakthrough as they successfully conducted operation of brain tumour without giving anaesthesia to the patient. After the operation, the condition of patient Muhammad Hassan is stable. Professor of Neuro Surger
Published 31 Mar, 2018 12:00am
Booking commences for Daehan Shehzore

Booking commences for Daehan Shehzore

Sales have commenced for the famous Daehan Shehzore across Pakistan. Daehan Dewan Motor Company (DDMC) that unveiled the popular light commercial vehicle last month, opened its doors to the customers who were anxiously waiting to own the latest model of S
Published 31 Mar, 2018 12:00am
USPCAS-W MUET celebrates World Water Day

USPCAS-W MUET celebrates World Water Day

To celebrate the World Water Day the US-Pakistan Centre for Advanced Studies in Water (USPCAS-W) and Institute of Environment Engineering and Management (IEEM) Mehran University of Engineering and Technology (MUET) Jamshoro organised an event at the Centr
Published 31 Mar, 2018 12:00am
OPL opens 'Agro/Forest Base Entrepreneur' project in Jand

OPL opens 'Agro/Forest Base Entrepreneur' project in Jand

Ocean Pakistan Limited (OPL) Friday inaugurated a project namely 'Commercial & Financial Viable Agro/Forest Base Entrepreneur' in Jand, Attock district, in collaboration with a renowned NGO 'Help In Need.' The project has been launched as a part of celebr
Published 31 Mar, 2018 12:00am
Punjab to unveil budget in first week of May

Punjab to unveil budget in first week of May

Punjab Finance Minister Dr Ayesha Ghaus Pasha has said that there would be no more taxes in the budget 2018-19 that would be announced in first week of May. The Minister revealed this while briefing the members of the Lahore Economic Journalists Associati
Published 31 Mar, 2018 12:00am
Spring festival begins in Faisalabad

Spring festival begins in Faisalabad

The weeklong spring festivals have been started here at Jinnah Garden under the arrangements of Parks and Horticulture Authority. Deputy Commissioner Salman Ghani inaugurated the celebrations of spring festival and appreciated the best arrangements of PHA
Published 31 Mar, 2018 12:00am
IGP orders foolproof security ahead of Easter

IGP orders foolproof security ahead of Easter

Punjab Inspector General of Police (IGP) Arif Nawaz Khan has emphasized the need for providing foolproof security to worship places of minorities ahead of Easter. Addressing a video-link conference of RPOs at the Central Police Office on Friday, the IGP s
Published 31 Mar, 2018 12:00am
NAB arrests former CEO NTDC in corruption case

NAB arrests former CEO NTDC in corruption case

The National Accountability Bureau (NAB) Lahore has taken custody of the former Chief Executive Officer (CEO), National Transmission and Dispatch Company (NTDC), Rasul Khan Mahsud in a case involving misuse of authority by criminal breach of trust and cau
Published 31 Mar, 2018 12:00am
LHWs end protest after acceptance of demands

LHWs end protest after acceptance of demands

The lady health workers (LHW) Friday ended their five-day long protest at The Mall after the government accepted their demands. The protesting LHWs had earlier warned of stopping the metro bus service if a notification for their service structure is not i
Published 31 Mar, 2018 12:00am
Customs official held in betel leaf import scam

Customs official held in betel leaf import scam

The National Accountability Bureau (NAB) has achieved breakthrough in the 'betel leaf import scam' as they arrested a former customs official Muhammad Sohail Butt from Sialkot who was wanted by the NAB since long.
Published 31 Mar, 2018 12:00am
Government targeting courts, says Mazari

Government targeting courts, says Mazari

Pakistan Tehreek-e-Insaf (PTI) senior leader Dr Shireen Mazari has said that self-proclaimed 'popular' rulers have seen the mood of the people and they know the outcome of the forthcoming general elections. She expressed these views while addressing the f
Published 31 Mar, 2018 12:00am
Five-year STF being planned to achieve exports target: Dagha
Exchange

Five-year STF being planned to achieve exports target: Dagha

Federal Secretary Commerce Younus Dagha has said that high cost of doing business and issues of market access and exchange rate are hindering the Pakistan exports growth but the government is working to resolve these problems. He said that the government
Published 31 Mar, 2018 12:00am
Imran lost his creditability by speaking lies: Shahbaz

Imran lost his creditability by speaking lies: Shahbaz

Punjab Chief Minister Shahbaz Sharif has claimed that Imran Niazi has lost his creditability in the public by speaking lies and continued indulgence in baseless allegations. "Our life and death is meant for Pakistan and we will continue to serve the natio
Published 31 Mar, 2018 12:00am
Efforts afoot to improve Faislabad's traffic system

Efforts afoot to improve Faislabad's traffic system

Arrangements are afoot to improve and streamline the 'Traffic System' in populous industrial and business hub of Faisalabad by implementing a number of constructive schemes with financial assistance of the Faisalabad Municipal Corporation and other local
Published 31 Mar, 2018 12:00am
Karandaaz Pakistan provides grants to some of most innovative ideas

Karandaaz Pakistan provides grants to some of most innovative ideas

Grantees of Karandaaz Pakistan FinTech Disrupt Challenge showcased innovative technology-based solutions for financial sector. Karandaaz Pakistan has been successfully running its annual FinTech Disrupt Challenge since 2016 and provided grants to some of
Published 31 Mar, 2018 12:00am
SMEDA assures resolution of Chitrali traders' problems

SMEDA assures resolution of Chitrali traders' problems

General Manager (GM), Small and Medium Enterprises Development Authority (SMEDA), Javed Iqbal Khattak has said that a team of the authority would soon visit Chitrali Bazaar to study the business of Chitrali community and draft recommendations for bringing
Published 31 Mar, 2018 12:00am
Three-day Millennial Olympiad-2018 launched

Three-day Millennial Olympiad-2018 launched

Over 20 educational institutions from 10 cities are actively taking part in the Millennial Olympiad-2018 launched here on Friday, providing a unique opportunity to young students to participate in wide range of competitions including creative writing. The
Published 31 Mar, 2018 12:00am
SECP proposes new incentives to Shariah compliant companies
Exchange

SECP proposes new incentives to Shariah compliant companies

Securities and Exchange Commission of Pakistan (SECP) has strongly proposed new incentives to Shariah compliant companies to encourage listing on Pakistan Stock Exchange (PSX) in coming budget (2018-19). According to the SECP's budget proposals for 2018-1
Published 31 Mar, 2018 12:00am
UN blacklists dozens of ships, businesses over North Korea smuggling

UN blacklists dozens of ships, businesses over North Korea smuggling

The UN Security Council on Friday blacklisted 27 ships, 21 companies and a businessman for helping North Korea circumvent sanctions, keeping the pressure on Pyongyang despite its recent diplomatic opening to talks, a diplomat said. Acting on a request fro
Published 31 Mar, 2018 12:00am
Turkey snubs French mediation offer with Kurdish militia

Turkey snubs French mediation offer with Kurdish militia

Turkey on Friday rejected a French offer to mediate with the Syrian Democratic Forces which is dominated by a Kurdish militia blacklisted by Ankara, condemning Paris' "wrong stance". French President Emmanuel Macron offered late on Thursday to facilitate
Published 31 Mar, 2018 12:00am
Gunmen kill six miners in northern Nigeria

Gunmen kill six miners in northern Nigeria

Armed bandits killed six miners in northern Nigeria's Kaduna state, police said on Friday, an area beset with ethnic and religious tensions with frequent clashes between farmers and herders. "Some unknown gunmen killed six people - four men and two women
Published 31 Mar, 2018 12:00am
Myanmar president pledges to amend army-scripted Constitution

Myanmar president pledges to amend army-scripted Constitution

Myanmar's new president promised to amend the country's army-written constitution in an inaugural speech Friday, challenging a charter that bans Aung San Suu Kyi from top office and gives the military major powers. Win Myint, a 66-year-old former politica
Published 31 Mar, 2018 12:00am
Gold miners take over Grace Mugabe's farm in Zimbabwe

Gold miners take over Grace Mugabe's farm in Zimbabwe

Illegal gold miners in Zimbabwe have seized a farm belonging to former first lady Grace Mugabe, local media reported, just four months after former President Robert Mugabe was ousted from power. Hundreds of aggressive squatters have taken over portions of
Published 31 Mar, 2018 12:00am
Shallow 6.9 quake hits PNG triggering tsunami alert

Shallow 6.9 quake hits PNG triggering tsunami alert

A powerful 6.9-magnitude earthquake struck the New Britain island of Papua New Guinea on Friday, US seismologists said, triggering a tsunami alert for the country. The quake struck at 5:25 pm local time (2125 GMT) and was initially recorded at a shallow d
Published 31 Mar, 2018 12:00am
Schwarzenegger has emergency open-heart surgery

Schwarzenegger has emergency open-heart surgery

Hollywood action star Arnold Schwarzenegger is in a stable condition after undergoing emergency open-heart surgery, celebrity news website TMZ reported Friday.
Published 31 Mar, 2018 12:00am
Shanghai aluminium posts worst quarter since mid-2010
Exchange

Shanghai aluminium posts worst quarter since mid-2010

Shanghai aluminium touched a 17-month low on Friday and ended the first quarter with its steepest quarterly drop since mid-2010 following a relentless build-up in Chinese inventories, which have hit a fresh record high. The metal declined 10.7 percent in
Published 31 Mar, 2018 12:00am
Palm oil rises, down 5 percent in March quarter
Vegetable Oil

Palm oil rises, down 5 percent in March quarter

Malaysian palm oil futures rose on Friday, snapping a three-day losing streak, as the edible oil drew strength from overnight gains in rival soyoil on the US Chicago Board of Trade and on hopes that March exports may have risen from February levels. The b
Published 31 Mar, 2018 12:00am
Late season rains put the brakes on Argentine soya, corn losses
Exchange

Late season rains put the brakes on Argentine soya, corn losses

Late season rains will halt further deterioration of drought-hit Argentine soyabean yields, setting the stage for an estimated crop of at least 40 million tonnes after being trounced earlier in the season by extremely dry weather, experts said on Tuesday.
Published 31 Mar, 2018 12:00am
Mali targets seed cotton production of 750,000 tonnes
Cotton

Mali targets seed cotton production of 750,000 tonnes

Mali is aiming to produce 750,000 tonnes of raw seed cotton in the upcoming 2018/19 season, up from 725,000 tonnes during the previous harvest, statistics from the agriculture ministry showed on Tuesday. According to a planning document seen by Reuters, t
Published 31 Mar, 2018 12:00am
Tokyo rubber rises
Exchange

Tokyo rubber rises

Benchmark Tokyo rubber futures rose on Friday, buoyed by gains in Shanghai futures, as trade tensions between China and the United States eased. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, closed highe
Published 31 Mar, 2018 12:00am
EU crop monitor sees most winter crops resisting weather swings

EU crop monitor sees most winter crops resisting weather swings

The European Union's crop monitoring service MARS forecast higher yields for this year's winter grains harvests on Monday, saying most crops had resisted wild swings in temperatures that had raised concerns of damage. In its first yield forecasts for the
Published 31 Mar, 2018 12:00am
Belgian prince's allowance cut over China contacts

Belgian prince's allowance cut over China contacts

Belgium has cut the allowance of Prince Laurent, the tearaway younger brother of King Philippe, in an unprecedented sanction for meeting foreign dignitaries without government consent. Lawmakers voted late Thursday to reduce the prince's 307,000-euro ($37
Published 31 Mar, 2018 12:00am
China's aircraft carrier spotted in huge naval drill

China's aircraft carrier spotted in huge naval drill

Beijing flexed its military muscle this week as its sole operational aircraft carrier apparently took part in a huge naval drill with dozens of other vessels in the South China Sea, satellite images showed. The pictures, taken by Planet Labs Inc., appear
Published 31 Mar, 2018 12:00am
Azerbaijani exile shot, wife murdered

Azerbaijani exile shot, wife murdered

An Azerbaijani claiming to be an exiled journalist in France was seriously wounded and his wife was killed on Friday in a gun attack near the southern city of Toulouse, police said. Rahim Namazov, a father of three, fled his oil-rich homeland in the Cauca
Published 31 Mar, 2018 12:00am
US visa seekers will have to disclose social media

US visa seekers will have to disclose social media

Travellers to the United States will soon have to submit their social media identities, previous telephone numbers and email addresses, a measure that could touch 10 million people per year. According to a State Department plan published Friday, visa seek
Published 31 Mar, 2018 12:00am
Prague extradites Russian hacker to US for alleged cyberattacks

Prague extradites Russian hacker to US for alleged cyberattacks

The Czech Republic on Friday said it had extradited a Russian hacker to the United States where he is wanted for alleged cyberattacks on social networks. Yevgeni Nikulin, who is also sought by his native Russsia on fraud charges, had been in a Prague pris
Published 31 Mar, 2018 12:00am
American, British soldiers killed in Syria: Pentagon

American, British soldiers killed in Syria: Pentagon

Two members of the US-led anti-jihadist coalition - an American and a Briton - were killed by an improvised explosive device in the northern Syrian city of Manbij, US and British officials said Friday. Five other coalition service personnel were wounded,
Published 31 Mar, 2018 12:00am
Syrians quit Ghouta as talks for last pocket stutter
Exchange

Syrians quit Ghouta as talks for last pocket stutter

Hundreds more Syrian rebels and civilians prepared Friday to leave Eastern Ghouta under a negotiated withdrawal, as Russia unilaterally announced a similar deal to empty the final pocket of the battered enclave. The former rebel bastion on the outskirts o
Published 31 Mar, 2018 12:00am
Huge parliamentary win sets up Turkmen leader's son for bigger role

Huge parliamentary win sets up Turkmen leader's son for bigger role

The son of Turkmenistan's authoritarian leader scored a huge victory in tightly controlled parliamentary elections, state media reported Friday, in a result that could indicate a path towards hereditary succession in the gas-rich former Soviet state. Serd
Published 31 Mar, 2018 12:00am
Leaked Facebook memo questions cost of growth
Kerb

Leaked Facebook memo questions cost of growth

Facebook's troubles worsened late Thursday with the leak of a two-year-old memo from a high-ranking executive hinting that the social network was determined to grow despite risks to users. The 2016 memo published by news website Buzzfeed was written by ve
Published 31 Mar, 2018 12:00am
SpaceX blasts off with Iridium satellite payload

SpaceX blasts off with Iridium satellite payload

The private space firm SpaceX on Friday launched with a partially-reused rocket the latest group of communication satellites to upgrade mobile, voice and data networks for Virginia-based firm Iridium. "We have successful liftoff of the Falcon 9," a SpaceX
Published 31 Mar, 2018 12:00am
Air France, lawyers strike as Macron labour woes grow

Air France, lawyers strike as Macron labour woes grow

French lawyers staged a walkout Friday while Air France staff went on strike over pay, adding to a growing wave of industrial unrest that threatens to slow President Emmanuel Macron's reform drive. Air France cancelled a quarter of the day's flights as it
Published 31 Mar, 2018 12:00am
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