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Archive - 2018-05-02
Big tobacco wins, again
Industry

Big tobacco wins, again

Deceptive marketing continues as far as government measures on tobacco control are concerned. During the budget speech,
Published 02 May, 2018 07:23am
Trade: more of the same
Miscellaneous

Trade: more of the same

With three quarters of the year gone, the balance of trade remains more of the same: up tick in exports that do not comp
Published 02 May, 2018 07:18am
Power shortfall soars to 6,000MW as NTDC lines trip

Power shortfall soars to 6,000MW as NTDC lines trip

The country is facing shortfall of 6,000MW which implies generation was around 14MW against demand of 2,000MW due to which unscheduled load shedding was unleaded. Well-informed sources told Business Recorder that thousands of feeders across the cou
Published 02 May, 2018 12:00am
Power shortfall soars to 6,000MW as NTDC lines trip

Power shortfall soars to 6,000MW as NTDC lines trip

The country is facing shortfall of 6,000MW which implies generation was around 14MW against demand of 2,000MW due to which unscheduled load shedding was unleaded. Well-informed sources told Business Recorder that thousands of feeders across the cou
Published 02 May, 2018 12:00am
PSO asked to supply 15000MT of FO per day

PSO asked to supply 15000MT of FO per day

Pakistan State Oil (PSO) has reportedly been directed to make arrangements for supply of 15000 MT/ day for thermal power plants from May to September 2018, official sources told Business Recorder. Based on an analysis of demand and associated gener
Published 02 May, 2018 12:00am
PSO asked to supply 15000MT of FO per day

PSO asked to supply 15000MT of FO per day

Pakistan State Oil (PSO) has reportedly been directed to make arrangements for supply of 15000 MT/ day for thermal power plants from May to September 2018, official sources told Business Recorder. Based on an analysis of demand and associated gener
Published 02 May, 2018 12:00am
PSO asked to supply 15000MT of FO per day

PSO asked to supply 15000MT of FO per day

Pakistan State Oil (PSO) has reportedly been directed to make arrangements for supply of 15000 MT/ day for thermal power plants from May to September 2018, official sources told Business Recorder. Based on an analysis of demand and associated gener
Published 02 May, 2018 12:00am
Dominican Republic severs ties with Taiwan

Dominican Republic severs ties with Taiwan

China offered the Dominican Republic a $3.1 billion package of investments and loans to get them to sever ties with Taiwan, a Taiwan official said on Tuesday, after the Caribbean nation switched allegiance to China in a diplomatic blow to the self-ruled i
Published 02 May, 2018 12:00am
Dominican Republic severs ties with Taiwan

Dominican Republic severs ties with Taiwan

China offered the Dominican Republic a $3.1 billion package of investments and loans to get them to sever ties with Taiwan, a Taiwan official said on Tuesday, after the Caribbean nation switched allegiance to China in a diplomatic blow to the self-ruled i
Published 02 May, 2018 12:00am
Iconic American guitar maker Gibson files for bankruptcy

Iconic American guitar maker Gibson files for bankruptcy

Gibson, maker of iconic guitars for the likes of John Lennon, Elvis Presley and BB King, filed for bankruptcy protection on Tuesday after facing mounting debt and other financial challenges. The company, based in the American country music capital Nashvil
Published 02 May, 2018 12:00am
Sri Lanka cuts 2018 tourist arrivals target

Sri Lanka cuts 2018 tourist arrivals target

Anti-Muslim violence and an outbreak of dengue fever in Sri Lanka have led the government to slash its target for tourist arrivals this year after a record 2017. Tourism Promotion Minister John Amaratunga said on Tuesday that 2.5 million arrivals were exp
Published 02 May, 2018 12:00am
COAS meets notables: Hazara community agrees to end sit-in

COAS meets notables: Hazara community agrees to end sit-in

A four-day long hunger strike by Hazara community members came to an end after successful negotiations with Chief of Army Staff General Qamar Javed Bajwa by notables of Hazara community, according to Aaj News.
Published 02 May, 2018 12:00am
COAS meets notables: Hazara community agrees to end sit-in

COAS meets notables: Hazara community agrees to end sit-in

A four-day long hunger strike by Hazara community members came to an end after successful negotiations with Chief of Army Staff General Qamar Javed Bajwa by notables of Hazara community, according to Aaj News.
Published 02 May, 2018 12:00am
India's SC slams government over Taj Mahal decay

India's SC slams government over Taj Mahal decay

India's top court on Tuesday sharply criticised the government for failing to protect the Taj Mahal, the centuries-old monument to love which has been changing colour because of pollution. The brilliant marble of the Taj Mahal - a UNESCO world heritage si
Published 02 May, 2018 12:00am
India's SC slams government over Taj Mahal decay

India's SC slams government over Taj Mahal decay

India's top court on Tuesday sharply criticised the government for failing to protect the Taj Mahal, the centuries-old monument to love which has been changing colour because of pollution. The brilliant marble of the Taj Mahal - a UNESCO world heritage si
Published 02 May, 2018 12:00am
India to allow foreigners to invest in T-bills

India to allow foreigners to invest in T-bills

India's central bank said it will allow foreign portfolio investors (FPIs) to invest in treasury bills issued by the federal government, in its latest move to ease foreign investment rules. The Reserve Bank of India's (RBI) announcement on Tuesday comes d
Published 02 May, 2018 12:00am
Afghan security force shrinks sharply: US watchdog

Afghan security force shrinks sharply: US watchdog

The strength of local security forces has declined sharply in Afghanistan while the Taliban and other insurgent groups have gained increasing control over the Afghan population, a US government watchdog warned Tuesday. The latest report from the Special I
Published 02 May, 2018 12:00am
Afghan security force shrinks sharply: US watchdog

Afghan security force shrinks sharply: US watchdog

The strength of local security forces has declined sharply in Afghanistan while the Taliban and other insurgent groups have gained increasing control over the Afghan population, a US government watchdog warned Tuesday. The latest report from the Special I
Published 02 May, 2018 12:00am
More than 60 killed in NE Nigeria suicide blasts

More than 60 killed in NE Nigeria suicide blasts

Suicide bombers killed more than 60 people at a mosque and a market in northeast Nigeria on Tuesday, in a twin attack bearing the hallmarks of Boko Haram and a day after US President Donald Trump pledged greater support to fight the Islamist militants. Th
Published 02 May, 2018 12:00am
More than 60 killed in NE Nigeria suicide blasts

More than 60 killed in NE Nigeria suicide blasts

Suicide bombers killed more than 60 people at a mosque and a market in northeast Nigeria on Tuesday, in a twin attack bearing the hallmarks of Boko Haram and a day after US President Donald Trump pledged greater support to fight the Islamist militants. Th
Published 02 May, 2018 12:00am
Remuneration rate

Remuneration rate

The State Bank of Pakistan (SBP) has announced the rate of remuneration on Special Cash Reserve Account for this month. The SBP has notified that the rate of remuneration for May 2018 on Special Cash Reserve Account (US$), maintained with the State Bank,
Published 02 May, 2018 12:00am
Remuneration rate

Remuneration rate

The State Bank of Pakistan (SBP) has announced the rate of remuneration on Special Cash Reserve Account for this month. The SBP has notified that the rate of remuneration for May 2018 on Special Cash Reserve Account (US$), maintained with the State Bank,
Published 02 May, 2018 12:00am
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