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Archive - 2018-04-24
UN aid chief says $8bn needed for Syria
World Top News

UN aid chief says $8bn needed for Syria

BRUSSELS: The head of the UN aid agency said Tuesday $8 billion needs to be raised at a donor conference in Brussels to
Published 24 Apr, 2018 03:33pm
Naval chief visits Iran
General News

Naval chief visits Iran

ISLAMABAD: Chief of the Naval Staff, Admiral Zafar Mahmood Abbasi is on an official visit to Iran to attend 6th Indian O
Published 24 Apr, 2018 02:43pm
National tariff policy
Miscellaneous

National tariff policy

The Vision 2025 prepared by PMLN in its early days of the tenure had set a target of exports of $150 billion by 2025. Ho
Published 24 Apr, 2018 05:41am
Textile exports post 12.95 percent growth in March
Cotton

Textile exports post 12.95 percent growth in March

Exports of textile group have shown a growth of 12.95 percent during March over the same months of the last fiscal year as textile exports increased to $1.202 billion in March 2018 from $1.064 billion in March 2017.
Published 24 Apr, 2018 12:00am
Textile exports post 12.95 percent growth in March
Cotton

Textile exports post 12.95 percent growth in March

Exports of textile group have shown a growth of 12.95 percent during March over the same months of the last fiscal year as textile exports increased to $1.202 billion in March 2018 from $1.064 billion in March 2017.
Published 24 Apr, 2018 12:00am
Textile exports post 12.95 percent growth in March
Cotton

Textile exports post 12.95 percent growth in March

Exports of textile group have shown a growth of 12.95 percent during March over the same months of the last fiscal year as textile exports increased to $1.202 billion in March 2018 from $1.064 billion in March 2017.
Published 24 Apr, 2018 12:00am
NA body urges government to present budget for only four months

NA body urges government to present budget for only four months

The government's problems for seeking approval of the budget for the entire fiscal year deepened on Monday after some members of the ruling party joined opposition members in their move to prevent the outgoing government from presenting full fiscal year b
Published 24 Apr, 2018 12:00am
NA body urges government to present budget for only four months

NA body urges government to present budget for only four months

The government's problems for seeking approval of the budget for the entire fiscal year deepened on Monday after some members of the ruling party joined opposition members in their move to prevent the outgoing government from presenting full fiscal year b
Published 24 Apr, 2018 12:00am
NA body urges government to present budget for only four months

NA body urges government to present budget for only four months

The government''s problems for seeking approval of the budget for the entire fiscal year deepened on Monday after some members of the ruling party joined opposition members in their move to prevent the outgoing government from presenting full fiscal year
Published 24 Apr, 2018 12:00am
NEC may set 6.2 percent growth target
Cotton

NEC may set 6.2 percent growth target

The National Economic Council (NEC) is expected to set GDP growth target of (6.2 percent) in 2018-19 with contributions from agriculture (3.8 percent), industry (7.6 percent) and services (6.5 percent). The growth targets aresubject to favourable weather
Published 24 Apr, 2018 12:00am
NEC may set 6.2 percent growth target
Cotton

NEC may set 6.2 percent growth target

The National Economic Council (NEC) is expected to set GDP growth target of (6.2 percent) in 2018-19 with contributions from agriculture (3.8 percent), industry (7.6 percent) and services (6.5 percent). The growth targets aresubject to favourable weather
Published 24 Apr, 2018 12:00am
NEC may set 6.2 percent growth target
Cotton

NEC may set 6.2 percent growth target

The National Economic Council (NEC) is expected to set GDP growth target of (6.2 percent) in 2018-19 with contributions from agriculture (3.8 percent), industry (7.6 percent) and services (6.5 percent). The growth targets aresubject to favourable weather
Published 24 Apr, 2018 12:00am
Rs 2.043 trillion development outlay to be approved

Rs 2.043 trillion development outlay to be approved

The National Economic Council (NEC) which is scheduled to meet on Tuesday (today) with Prime Minister Shahid Khaqan Abbasi in the chair. The council is to approve national development outlay of Rs 2.043 trillion including Rs 1.013 trillion provincial Annu
Published 24 Apr, 2018 12:00am
Rs 2.043 trillion development outlay to be approved

Rs 2.043 trillion development outlay to be approved

The National Economic Council (NEC) which is scheduled to meet on Tuesday (today) with Prime Minister Shahid Khaqan Abbasi in the chair. The council is to approve national development outlay of Rs 2.043 trillion including Rs 1.013 trillion provincial Annu
Published 24 Apr, 2018 12:00am
Rs 2.043 trillion development outlay to be approved

Rs 2.043 trillion development outlay to be approved

The National Economic Council (NEC) which is scheduled to meet on Tuesday (today) with Prime Minister Shahid Khaqan Abbasi in the chair. The council is to approve national development outlay of Rs 2.043 trillion including Rs 1.013 trillion provincial Annu
Published 24 Apr, 2018 12:00am
SC asks ECP to explain why it has placed ban on government jobs

SC asks ECP to explain why it has placed ban on government jobs

The Supreme Court Monday questioned how Election Commission of Pakistan (ECP) imposed a ban on recruitments in the government sector when the schedule for holding general election 2018 has not been announced yet. The bench issued notices to the attorney g
Published 24 Apr, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 24 Apr, 2018 12:00am
SC asks ECP to explain why it has placed ban on government jobs

SC asks ECP to explain why it has placed ban on government jobs

The Supreme Court Monday questioned how Election Commission of Pakistan (ECP) imposed a ban on recruitments in the government sector when the schedule for holding general election 2018 has not been announced yet. The bench issued notices to the attorney g
Published 24 Apr, 2018 12:00am
Abusive language against judges: 17 sent to police remand

Abusive language against judges: 17 sent to police remand

Anti-Terrorism Court on Monday handed over 17 persons to police on five day remand accused of abusing judges and inciting the public on violence in Kasur. Police produced the accused Nasir Khan, Jameel Khan and others before the court, workers of PML-N in
Published 24 Apr, 2018 12:00am
Abusive language against judges: 17 sent to police remand

Abusive language against judges: 17 sent to police remand

Anti-Terrorism Court on Monday handed over 17 persons to police on five day remand accused of abusing judges and inciting the public on violence in Kasur. Police produced the accused Nasir Khan, Jameel Khan and others before the court, workers of PML-N in
Published 24 Apr, 2018 12:00am
It's not CJP's job to summon CM: Nawaz

It's not CJP's job to summon CM: Nawaz

Stepping up criticism on judiciary, former Prime Minister Nawaz Sharif Monday said that recent actions taken by top judiciary were not even seen during martial law regimes. Talking to reporters inside the Accountability Court hearing corruption cases agai
Published 24 Apr, 2018 12:00am
It's not CJP's job to summon CM: Nawaz

It's not CJP's job to summon CM: Nawaz

Stepping up criticism on judiciary, former Prime Minister Nawaz Sharif Monday said that recent actions taken by top judiciary were not even seen during martial law regimes. Talking to reporters inside the Accountability Court hearing corruption cases agai
Published 24 Apr, 2018 12:00am
BRIndex100 up 10.74 points
Exchange

BRIndex100 up 10.74 points

Fresh buying in select scrips supported the Pakistan Stock Exchange to close in positive territory on Monday. BRIndex100 gained 10.74 points or 0.22 percent to close at 4,856.77 points. BRIndex100 touched intraday high of 4,867.54 and intraday low of 4,84
Published 24 Apr, 2018 12:00am
BRIndex100 up 10.74 points
Exchange

BRIndex100 up 10.74 points

Fresh buying in select scrips supported the Pakistan Stock Exchange to close in positive territory on Monday. BRIndex100 gained 10.74 points or 0.22 percent to close at 4,856.77 points. BRIndex100 touched intraday high of 4,867.54 and intraday low of 4,84
Published 24 Apr, 2018 12:00am
THE RUPEE: no respite in slide
Currency

THE RUPEE: no respite in slide

No respite was witnessed in erosion of the value of rupee against the dollar in the currency market on Monday, dealers said. The rupee showed one paisa fall against the dollar for buying and selling at Rs 115.61 and Rs 115.62, they said.
Published 24 Apr, 2018 12:00am
BRIndex100 up 10.74 points
Exchange

BRIndex100 up 10.74 points

Fresh buying in select scrips supported the Pakistan Stock Exchange to close in positive territory on Monday. BRIndex100 gained 10.74 points or 0.22 percent to close at 4,856.77 points. BRIndex100 touched intraday high of 4,867.54 and intraday low of 4,84
Published 24 Apr, 2018 12:00am
THE RUPEE: no respite in slide
Currency

THE RUPEE: no respite in slide

No respite was witnessed in erosion of the value of rupee against the dollar in the currency market on Monday, dealers said. The rupee showed one paisa fall against the dollar for buying and selling at Rs 115.61 and Rs 115.62, they said.
Published 24 Apr, 2018 12:00am
SSGC-KE dispute stands resolved: PM

SSGC-KE dispute stands resolved: PM

Prime Minister Shahid Khaqan Abbasi has said the dispute between two utilities K-Electric (KE) and Sui Southern Gas Company (SSGC) has been resolved as the SSGC has been issued directives to ensure required gas supply for power generation.
Published 24 Apr, 2018 12:00am
SSGC-KE dispute stands resolved: PM

SSGC-KE dispute stands resolved: PM

Prime Minister Shahid Khaqan Abbasi has said the dispute between two utilities K-Electric (KE) and Sui Southern Gas Company (SSGC) has been resolved as the SSGC has been issued directives to ensure required gas supply for power generation.
Published 24 Apr, 2018 12:00am
Indian tennis star Mirza announces pregnancy

Indian tennis star Mirza announces pregnancy

Grand Slam-winning Indian tennis star Sania Mirza on Monday announced she is pregnant, describing herself as "ecstatic" but giving no indication whether she would retire from the sport. Mirza and her husband, former Pakistan cricket captain Shoaib Malik,
Published 24 Apr, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 23, 2018).

Published 24 Apr, 2018 12:00am
Indian tennis star Mirza announces pregnancy

Indian tennis star Mirza announces pregnancy

Grand Slam-winning Indian tennis star Sania Mirza on Monday announced she is pregnant, describing herself as "ecstatic" but giving no indication whether she would retire from the sport. Mirza and her husband, former Pakistan cricket captain Shoaib Malik,
Published 24 Apr, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 23, 2018).

Published 24 Apr, 2018 12:00am
Hockey hero seeks heart transplant in India

Hockey hero seeks heart transplant in India

World Cup winning field hockey goalkeeper Mansoor Ahmed Monday reached out to India for help in securing a heart transplant - despite years of breaking his rivals' "hearts on the field". The 49-year-old has been suffering for weeks from complications stem
Published 24 Apr, 2018 12:00am
Hockey hero seeks heart transplant in India

Hockey hero seeks heart transplant in India

World Cup winning field hockey goalkeeper Mansoor Ahmed Monday reached out to India for help in securing a heart transplant - despite years of breaking his rivals' "hearts on the field". The 49-year-old has been suffering for weeks from complications stem
Published 24 Apr, 2018 12:00am
China reassures on ties ahead of Xi's meeting with Modi

China reassures on ties ahead of Xi's meeting with Modi

China on Monday reassured Pakistan that relations between the two countries were as firm as ever and would "never rust", ahead of a meeting this week between President Xi Jinping and Indian Prime Minister Narendra Modi that could unnerve Islamabad.
Published 24 Apr, 2018 12:00am
China reassures on ties ahead of Xi's meeting with Modi

China reassures on ties ahead of Xi's meeting with Modi

China on Monday reassured Pakistan that relations between the two countries were as firm as ever and would "never rust", ahead of a meeting this week between President Xi Jinping and Indian Prime Minister Narendra Modi that could unnerve Islamabad.
Published 24 Apr, 2018 12:00am
Pakistan, China pledge to work for regional stability through SCO

Pakistan, China pledge to work for regional stability through SCO

Pakistan and China on Monday resolved to further enhance and deepen bilateral cooperation with the pledge to play a key role for regional stability through Shanghai Cooperation organisation (SCO). Foreign Minister (FM) Khawaja Muhammad Asif said that whil
Published 24 Apr, 2018 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (April 23, 2018).

Published 24 Apr, 2018 12:00am
Pakistan, China pledge to work for regional stability through SCO

Pakistan, China pledge to work for regional stability through SCO

Pakistan and China on Monday resolved to further enhance and deepen bilateral cooperation with the pledge to play a key role for regional stability through Shanghai Cooperation organisation (SCO). Foreign Minister (FM) Khawaja Muhammad Asif said that whil
Published 24 Apr, 2018 12:00am
Government has no plan to devalue rupee: SBP
Exchange

Government has no plan to devalue rupee: SBP

The State Bank of Pakistan (SBP) on Monday assured Exchange Companies that the government has no plan to devalue Pak rupee against the dollar. During a meeting with representatives of Exchange Companies Association of Pakistan (ECAP), the State Bank offic
Published 24 Apr, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (April 23, 2018)

Published 24 Apr, 2018 12:00am
Government has no plan to devalue rupee: SBP
Exchange

Government has no plan to devalue rupee: SBP

The State Bank of Pakistan (SBP) on Monday assured Exchange Companies that the government has no plan to devalue Pak rupee against the dollar. During a meeting with representatives of Exchange Companies Association of Pakistan (ECAP), the State Bank offic
Published 24 Apr, 2018 12:00am
Government has no plan to devalue rupee: SBP
Exchange

Government has no plan to devalue rupee: SBP

The State Bank of Pakistan (SBP) on Monday assured Exchange Companies that the government has no plan to devalue Pak rupee against the dollar. During a meeting with representatives of Exchange Companies Association of Pakistan (ECAP), the State Bank offic
Published 24 Apr, 2018 12:00am
Pakistan, US discuss 'reciprocal' travel curbs on diplomats

Pakistan, US discuss 'reciprocal' travel curbs on diplomats

Pakistan and the United States on Monday discussed the "reciprocal" travel curbs on diplomats in each other countries with no progress; however, the two sides agreed to continue engagement. Ambassador Alice Wells, the US Department of State's Senior Burea
Published 24 Apr, 2018 12:00am
Pakistan, US discuss 'reciprocal' travel curbs on diplomats

Pakistan, US discuss 'reciprocal' travel curbs on diplomats

Pakistan and the United States on Monday discussed the "reciprocal" travel curbs on diplomats in each other countries with no progress; however, the two sides agreed to continue engagement. Ambassador Alice Wells, the US Department of State's Senior Burea
Published 24 Apr, 2018 12:00am
Threat of nuclear weapons use growing, UN warns

Threat of nuclear weapons use growing, UN warns

A top UN official on Monday denounced growing rhetoric claiming that nuclear arms are necessary and warned that the risk of such weapons being used was on the rise. "The threat of the use, intentional or otherwise, of nuclear weapons is growing," the UN's
Published 24 Apr, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (April 23, 2018).

Published 24 Apr, 2018 12:00am
Give Nawaz state security if it's his entitlement: CJP

Give Nawaz state security if it's his entitlement: CJP

Chief Justice Mian Saqib Nisar Monday said if former Prime Minister Nawaz Sharif is entitled to state security then hee should be provided the same "We don't want to endanger life of anyone who has been provided with state security but at least people who
Published 24 Apr, 2018 12:00am
Give Nawaz state security if it's his entitlement: CJP

Give Nawaz state security if it's his entitlement: CJP

Chief Justice Mian Saqib Nisar Monday said if former Prime Minister Nawaz Sharif is entitled to state security then hee should be provided the same "We don't want to endanger life of anyone who has been provided with state security but at least people who
Published 24 Apr, 2018 12:00am
Remittance payments hit record in 2017: World Bank

Remittance payments hit record in 2017: World Bank

Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday. The stronger-than-expected recovery in remittances - payments that are key to sup
Published 24 Apr, 2018 12:00am
The Weather

The Weather

The weather report on Monday (April 23, 2018) and the forecast for Tuesday (April 24, 2018).

Published 24 Apr, 2018 12:00am
Remittance payments hit record in 2017: World Bank

Remittance payments hit record in 2017: World Bank

Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday. The stronger-than-expected recovery in remittances - payments that are key to sup
Published 24 Apr, 2018 12:00am
Remittance payments hit record in 2017: World Bank

Remittance payments hit record in 2017: World Bank

Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday. The stronger-than-expected recovery in remittances - payments that are key to sup
Published 24 Apr, 2018 12:00am
Growing C/A challenge
Exchange

Growing C/A challenge

It is highly distressing that external sector position of the country continues to deteriorate. According to the latest data released by the State Bank of Pakistan, the overall current account (C/A) deficit swelled by 55 percent during the first nine mont
Published 24 Apr, 2018 12:00am
Dynastic politics

Dynastic politics

In an interview with BBC TV's Hardtalk the other day, Bilawal Bhutto Zardari attempted to put the dynastic politics of the PPP down to 'circumstances' rather than choice. He argued that the death of his grandfather, Zulfikar Ali Bhutto, and later his moth
Published 24 Apr, 2018 12:00am
'Decent work' in Pakistan

'Decent work' in Pakistan

The International Workers Day is on the 1st of May. This is an appropriate time to review the working conditions of labour in the country. In particular, the focus has to be on the prevalence of 'decent work' in the labour market of Pakistan. Decent work,
Published 24 Apr, 2018 12:00am
China may backslide on deleveraging if trade war looms

China may backslide on deleveraging if trade war looms

China's efforts to reduce its reliance on debt and find a more sustainable route to grow its economy may be derailed by the simmering trade dispute with the United States, economists warn.
Published 24 Apr, 2018 12:00am
Abu Dhabi's Mubadala halts Abraaj investment deal talks

Abu Dhabi's Mubadala halts Abraaj investment deal talks

Abu Dhabi state investor Mubadala has halted talks to buy Abraaj's investment business, two sources said, in a blow to the private equity firm which is facing an investigation by investors into how it used some of their money.
Published 24 Apr, 2018 12:00am
Pakistan among top five PPI countries

Pakistan among top five PPI countries

It is heartening to note that Pakistan has ranked No. 1 in South Asia in private infrastructure investment with $ 5.9 billion of investments in 2017, thus becoming one of the world's top five private participation in infrastructure (PPI) investment destin
Published 24 Apr, 2018 12:00am
Citizens urge government to protect, preserve Sajjad's workshop

Citizens urge government to protect, preserve Sajjad's workshop

Artists, art critics, curators and allergists have demanded govt to protect Shahid Sajjad workshop, a place where Pakistan's cultural history was made for fifty years will be destroyed. Soon bulldozers will level the property to build a commercial project
Published 24 Apr, 2018 12:00am
Emirates Standard Chartered debit card launched

Emirates Standard Chartered debit card launched

Standard Chartered and Emirates airline unveiled a new Emirates Standard Chartered Debit Card for their shared customers. The new card is an extension of the partnership between the two companies which was announced last year with the launch of a co-brand
Published 24 Apr, 2018 12:00am
PSO reports Rs13.2 billion profit after tax in 9MFY18

PSO reports Rs13.2 billion profit after tax in 9MFY18

Pakistan State Oil (PSO), the leading energy company of Pakistan, convened its Board of Management (BoM) meeting at the PSO Headquarters in Karachi to review the performance of the company for nine months period from July to March for financial year 2017-
Published 24 Apr, 2018 12:00am
Shaheen Air signs MoU with UBL

Shaheen Air signs MoU with UBL

In line with its commitment of facilitating passengers, the second national carrier of Pakistan Shaheen Air International (SAI) has joined hands with UBL Omni by signing a Memorandum of Understanding (MOU) to provide its customers with cashless and easy m
Published 24 Apr, 2018 12:00am
Import of capital goods: FPCCI SVP urges FBR to withdraw duty

Import of capital goods: FPCCI SVP urges FBR to withdraw duty

FPCCI's senior vice president and chairman of its Budget Advisory Council, Syed Mazhar Ali Nasir, has urged the Federal Board of Revenue (FBR) to withdraw duty on import of capital goods because all the capital goods including plant and machinery are ulti
Published 24 Apr, 2018 12:00am
There will be no electoral alliance with JI: PTI

There will be no electoral alliance with JI: PTI

Pakistan Tehreek-e-Insaf (PTI) has decided not to extend its alliance with Jamaat-e-Islami in the next general elections as the latter has already entered into an alliance with Jamiat Ulema-e-Islam-Fazal (JUI-F) under the umbrella of Muttahida Majlis-e-Am
Published 24 Apr, 2018 12:00am
Training of polling staff begins

Training of polling staff begins

The Election Commission of Pakistan (ECP) Monday announced that it has started training of polling officers and assistant presiding officers that will continue till May 12. The training will be conducted in all four provinces, Federally Administered Triba
Published 24 Apr, 2018 12:00am
Two bills tabled in Sindh PA as opposition's protest continues

Two bills tabled in Sindh PA as opposition's protest continues

The Sindh Assembly on Monday introduced two bills as the opposition continued its noisy protest during the sitting that brought the house into disorder. The disorder forced Deputy Speaker, Shehla Raza to postpone the proceedings for about 10 minutes, afte
Published 24 Apr, 2018 12:00am