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Archive - 2018-05-18
NA session starts
General News

NA session starts

ISLAMABAD: The National Assembly session started at 10:12 am here Friday at the Parliament House with recitation of vers
Published 18 May, 2018 07:48am
Tokyo stocks rise on weak yen
Financial

Tokyo stocks rise on weak yen

Tokyo: Tokyo stocks closed higher Friday as a cheaper yen gave a boost to exporters but traders said they would be keepi
Published 18 May, 2018 07:33am
BISP graduation programme
Miscellaneous

BISP graduation programme

The economically vulnerable and socially deprived population is considerably large in Pakistan; BISP was launched in 200
Updated 18 May, 2018 07:33am
Urban autonomy
Miscellaneous

Urban autonomy

Should there be competition among Pakistani cities? Should cities, being biggest clusters of population, have autonomy w
Published 18 May, 2018 06:51am
E&P sector in recent times
Oil and Gas

E&P sector in recent times

Oil prices continue to rally on strict compliance to OPEC and non-OPEC production cuts; and now the recent hike in oil p
Published 18 May, 2018 06:42am
Foreign currency accounts: End of an era
Currency

Foreign currency accounts: End of an era

The Amendments made in the Finance Bill 2018 placed before the National Assembly by the Finance Minister Dr Miftah Ismail include certain fundamental changes in the Protection of Economic Reform Act, 1992 the primary law governing the foreign currency acc
Published 18 May, 2018 12:00am
Foreign currency accounts: End of an era
Currency

Foreign currency accounts: End of an era

The Amendments made in the Finance Bill 2018 placed before the National Assembly by the Finance Minister Dr Miftah Ismail include certain fundamental changes in the Protection of Economic Reform Act, 1992 the primary law governing the foreign currency acc
Published 18 May, 2018 12:00am
Oil retreats from multiyear highs

Oil retreats from multiyear highs

Oil prices pulled back Thursday after climbing above $80 a barrel for the first time since November 2014, as dollar strength and strong US crude production pumped the brakes on a rally driven by geopolitical concerns. A "crisis fatigue" is setting in, an
Published 18 May, 2018 12:00am
Oil retreats from multiyear highs

Oil retreats from multiyear highs

Oil prices pulled back Thursday after climbing above $80 a barrel for the first time since November 2014, as dollar strength and strong US crude production pumped the brakes on a rally driven by geopolitical concerns. A "crisis fatigue" is setting in, an
Published 18 May, 2018 12:00am
Oil retreats from multiyear highs

Oil retreats from multiyear highs

Oil prices pulled back Thursday after climbing above $80 a barrel for the first time since November 2014, as dollar strength and strong US crude production pumped the brakes on a rally driven by geopolitical concerns. A "crisis fatigue" is setting in, an
Published 18 May, 2018 12:00am
Total CEO says oil price could hit $100 'in coming months'

Total CEO says oil price could hit $100 'in coming months'

The CEO of French oil giant Total said Thursday he would not be surprised to see the price of a barrel of crude reach $100 later this year. "We are in a new world. We are in a world where geopolitics are dominating the market again," Patrick Pouyanne said
Published 18 May, 2018 12:00am
Total CEO says oil price could hit $100 'in coming months'

Total CEO says oil price could hit $100 'in coming months'

The CEO of French oil giant Total said Thursday he would not be surprised to see the price of a barrel of crude reach $100 later this year. "We are in a new world. We are in a world where geopolitics are dominating the market again," Patrick Pouyanne said
Published 18 May, 2018 12:00am
Total CEO says oil price could hit $100 ''in coming months''

Total CEO says oil price could hit $100 ''in coming months''

The CEO of French oil giant Total said Thursday he would not be surprised to see the price of a barrel of crude reach $100 later this year. "We are in a new world. We are in a world where geopolitics are dominating the market again," Patrick Pouyanne said
Published 18 May, 2018 12:00am
EU vows to block blow of US Iran sanctions
Currency

EU vows to block blow of US Iran sanctions

The EU said Thursday it will begin moves to block the effect of US sanctions on Iran as efforts to preserve the nuclear deal with Tehran deepened a transatlantic rift. The decision came as Russia and China took some of their most concrete moves yet to ext
Published 18 May, 2018 12:00am
EU vows to block blow of US Iran sanctions
Currency

EU vows to block blow of US Iran sanctions

The EU said Thursday it will begin moves to block the effect of US sanctions on Iran as efforts to preserve the nuclear deal with Tehran deepened a transatlantic rift. The decision came as Russia and China took some of their most concrete moves yet to ext
Published 18 May, 2018 12:00am
Two breakdowns in one month: Nepra raises questions on NTDC performance

Two breakdowns in one month: Nepra raises questions on NTDC performance

Taking serious notice of two power breakdowns within one month, the National Electric Power Regulatory Authority (Nepra) has raised questions on the performance of NTDC and described the transmission system as "highly unreliable and unsustainable". The po
Published 18 May, 2018 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 18 May, 2018 12:00am
Two breakdowns in one month: Nepra raises questions on NTDC performance

Two breakdowns in one month: Nepra raises questions on NTDC performance

Taking serious notice of two power breakdowns within one month, the National Electric Power Regulatory Authority (Nepra) has raised questions on the performance of NTDC and described the transmission system as "highly unreliable and unsustainable". The po
Published 18 May, 2018 12:00am
Two breakdowns in one month: Nepra raises questions on NTDC performance

Two breakdowns in one month: Nepra raises questions on NTDC performance

Taking serious notice of two power breakdowns within one month, the National Electric Power Regulatory Authority (Nepra) has raised questions on the performance of NTDC and described the transmission system as "highly unreliable and unsustainable". The po
Published 18 May, 2018 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 18 May, 2018 12:00am
Rs 7.46 per unit tariff approved for Azad Pattan Hydropower Project

Rs 7.46 per unit tariff approved for Azad Pattan Hydropower Project

National Electric Power Regulatory Authority (Nepra) has approved tariff of Rs7.46 per unit for 700MW Azad Pattan Hydropower Project located in AJK at a cost of $1.517 billion. The reference tariff has been calculated on the basis of net contracted capaci
Published 18 May, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 18 May, 2018 12:00am
Rs 7.46 per unit tariff approved for Azad Pattan Hydropower Project

Rs 7.46 per unit tariff approved for Azad Pattan Hydropower Project

National Electric Power Regulatory Authority (Nepra) has approved tariff of Rs7.46 per unit for 700MW Azad Pattan Hydropower Project located in AJK at a cost of $1.517 billion. The reference tariff has been calculated on the basis of net contracted capaci
Published 18 May, 2018 12:00am
Rs 7.46 per unit tariff approved for Azad Pattan Hydropower Project

Rs 7.46 per unit tariff approved for Azad Pattan Hydropower Project

National Electric Power Regulatory Authority (Nepra) has approved tariff of Rs7.46 per unit for 700MW Azad Pattan Hydropower Project located in AJK at a cost of $1.517 billion. The reference tariff has been calculated on the basis of net contracted capaci
Published 18 May, 2018 12:00am
Lack of value-addition: exports fail to find place in high market: PC

Lack of value-addition: exports fail to find place in high market: PC

Planning Commission (PC) on Thursday said that Pakistan exports have not been able to enter in high-value market and fetch good return due to lack of value-addition by exports sectors and diversification of products, terming it as one of the factors of th
Published 18 May, 2018 12:00am
Lack of value-addition: exports fail to find place in high market: PC

Lack of value-addition: exports fail to find place in high market: PC

Planning Commission (PC) on Thursday said that Pakistan exports have not been able to enter in high-value market and fetch good return due to lack of value-addition by exports sectors and diversification of products, terming it as one of the factors of th
Published 18 May, 2018 12:00am
Lack of value-addition: exports fail to find place in high market: PC

Lack of value-addition: exports fail to find place in high market: PC

Planning Commission (PC) on Thursday said that Pakistan exports have not been able to enter in high-value market and fetch good return due to lack of value-addition by exports sectors and diversification of products, terming it as one of the factors of th
Published 18 May, 2018 12:00am
PML-N 'electables' warm up for general election

PML-N 'electables' warm up for general election

President Pakistan Muslim League-Nawaz (PML-N) Shahbaz Sharif is said to have stated that those who advised former Prime Minister Nawaz Sharif to make his controversial interview are in fact his biggest enemies. Sources in the ruling PML-N quoted Shahbaz
Published 18 May, 2018 12:00am
PML-N 'electables' warm up for general election

PML-N 'electables' warm up for general election

President Pakistan Muslim League-Nawaz (PML-N) Shahbaz Sharif is said to have stated that those who advised former Prime Minister Nawaz Sharif to make his controversial interview are in fact his biggest enemies. Sources in the ruling PML-N quoted Shahbaz
Published 18 May, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (May 17, 2018).

Published 18 May, 2018 12:00am
Volume 10: SC seeks additional documents from Broadsheet

Volume 10: SC seeks additional documents from Broadsheet

The Supreme Court on Thursday sought additional documents from Broadsheet, an international law firm seeking Volume 10 of the Panama Joint Investigation Team report to submit the same as evidence in the International Arbitration to arbitrate 'quantum of d
Published 18 May, 2018 12:00am
Volume 10: SC seeks additional documents from Broadsheet

Volume 10: SC seeks additional documents from Broadsheet

The Supreme Court on Thursday sought additional documents from Broadsheet, an international law firm seeking Volume 10 of the Panama Joint Investigation Team report to submit the same as evidence in the International Arbitration to arbitrate 'quantum of d
Published 18 May, 2018 12:00am
THE RUPEE: gains persist
Currency

THE RUPEE: gains persist

The rupee posted fresh gains against the dollar on the money market on Thursday in the process of trading activity, dealers said. The rupee picked up 10 paisas in terms of the dollar for buying and selling at Rs 117.20 and Rs 117.70, they said. The nation
Published 18 May, 2018 12:00am
Government fails to pass Finance Bill due to lack of quorum

Government fails to pass Finance Bill due to lack of quorum

Pakistan Muslim League-Nawaz (PML-N) government on Thursday failed to pass the Finance Bill 2018 due to lack of quorum despite its best efforts to keep maximum number of its legislators in the House. Finance Minister Miftah Ismail presented the finance bi
Published 18 May, 2018 12:00am
THE RUPEE: gains persist
Currency

THE RUPEE: gains persist

The rupee posted fresh gains against the dollar on the money market on Thursday in the process of trading activity, dealers said. The rupee picked up 10 paisas in terms of the dollar for buying and selling at Rs 117.20 and Rs 117.70, they said. The nation
Published 18 May, 2018 12:00am
Government fails to pass Finance Bill due to lack of quorum

Government fails to pass Finance Bill due to lack of quorum

Pakistan Muslim League-Nawaz (PML-N) government on Thursday failed to pass the Finance Bill 2018 due to lack of quorum despite its best efforts to keep maximum number of its legislators in the House. Finance Minister Miftah Ismail presented the finance bi
Published 18 May, 2018 12:00am
Government fails to pass Finance Bill due to lack of quorum

Government fails to pass Finance Bill due to lack of quorum

Pakistan Muslim League-Nawaz (PML-N) government on Thursday failed to pass the Finance Bill 2018 due to lack of quorum despite its best efforts to keep maximum number of its legislators in the House. Finance Minister Miftah Ismail presented the finance bi
Published 18 May, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 17, 2018).

Published 18 May, 2018 12:00am
PSM employees: payment of salaries approved by ECC

PSM employees: payment of salaries approved by ECC

The Economic Coordination Committee (ECC) has approved Rs 1.140 billion for payment of three months salaries (Jan-March, 2018) to the employees of Pakistan Steel Mills Corporation (PSMC). A meeting of the ECC presided over by Prime Minister Shahid Khaqan
Published 18 May, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 17, 2018).

Published 18 May, 2018 12:00am
PSM employees: payment of salaries approved by ECC

PSM employees: payment of salaries approved by ECC

The Economic Coordination Committee (ECC) has approved Rs 1.140 billion for payment of three months salaries (Jan-March, 2018) to the employees of Pakistan Steel Mills Corporation (PSMC). A meeting of the ECC presided over by Prime Minister Shahid Khaqan
Published 18 May, 2018 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (May 17, 2018).

Published 18 May, 2018 12:00am
PSM employees: payment of salaries approved by ECC

PSM employees: payment of salaries approved by ECC

The Economic Coordination Committee (ECC) has approved Rs 1.140 billion for payment of three months salaries (Jan-March, 2018) to the employees of Pakistan Steel Mills Corporation (PSMC). A meeting of the ECC presided over by Prime Minister Shahid Khaqan
Published 18 May, 2018 12:00am
BRIndex100 sluggish

BRIndex100 sluggish

Pakistan Stock Exchange (PSX) Thursday remained dull weighed by concerns over economic uncertainty and political noise. BRIndex100 fell by 60.14 points or 1.33 percent to close at 4,453.46 points compared to previous close of 4,513.60 points. BRIndex100 t
Published 18 May, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (May 17, 2018)

Published 18 May, 2018 12:00am
BRIndex100 sluggish

BRIndex100 sluggish

Pakistan Stock Exchange (PSX) Thursday remained dull weighed by concerns over economic uncertainty and political noise. BRIndex100 fell by 60.14 points or 1.33 percent to close at 4,453.46 points compared to previous close of 4,513.60 points. BRIndex100 t
Published 18 May, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (May 17, 2018).

Published 18 May, 2018 12:00am
BRIndex100 sluggish

BRIndex100 sluggish

Pakistan Stock Exchange (PSX) Thursday remained dull weighed by concerns over economic uncertainty and political noise. BRIndex100 fell by 60.14 points or 1.33 percent to close at 4,453.46 points compared to previous close of 4,513.60 points. BRIndex100 t
Published 18 May, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 18 May, 2018 12:00am
Ford to restart production of best-selling US truck

Ford to restart production of best-selling US truck

Ford will restart production of the F-150, the best-selling truck in the United States, after a weeklong shutdown due to a fire at a key parts supplier, the automaker announced Wednesday. The recovery included some herculean efforts, including shipping an
Published 18 May, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 18 May, 2018 12:00am
PSO all set to scrap CoA with PNSC

PSO all set to scrap CoA with PNSC

Pakistan State Oil (PSO) is all set to scrap Contract of Affreightment (CoA) with Pakistan National Shipping Company (PNSC) due to its unsatisfactory and inadequate fleet, well informed sources told Business Recorder.
Published 18 May, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (May 17, 2018).

Published 18 May, 2018 12:00am
PSO all set to scrap CoA with PNSC

PSO all set to scrap CoA with PNSC

Pakistan State Oil (PSO) is all set to scrap Contract of Affreightment (CoA) with Pakistan National Shipping Company (PNSC) due to its unsatisfactory and inadequate fleet, well informed sources told Business Recorder.
Published 18 May, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (May 17, 2018).

Published 18 May, 2018 12:00am
PSO all set to scrap CoA with PNSC

PSO all set to scrap CoA with PNSC

Pakistan State Oil (PSO) is all set to scrap Contract of Affreightment (CoA) with Pakistan National Shipping Company (PNSC) due to its unsatisfactory and inadequate fleet, well informed sources told Business Recorder.
Published 18 May, 2018 12:00am
The Weather

The Weather

The weather report on Thursday (May 17, 2018) and the forecast for Friday (May 18, 2018).

Published 18 May, 2018 12:00am
Rules unveiled: LLPs must maintain books of accounts: SECP

Rules unveiled: LLPs must maintain books of accounts: SECP

The Securities and Exchange Commission of Pakistan (SECP) has made it mandatory for the Limited Liability Partnership (LLP) to maintain comprehensive documentation including books of accounts on accrual basis and double entry system of accounting and fina
Published 18 May, 2018 12:00am
Rules unveiled: LLPs must maintain books of accounts: SECP

Rules unveiled: LLPs must maintain books of accounts: SECP

The Securities and Exchange Commission of Pakistan (SECP) has made it mandatory for the Limited Liability Partnership (LLP) to maintain comprehensive documentation including books of accounts on accrual basis and double entry system of accounting and fina
Published 18 May, 2018 12:00am
Rules unveiled: LLPs must maintain books of accounts: SECP

Rules unveiled: LLPs must maintain books of accounts: SECP

The Securities and Exchange Commission of Pakistan (SECP) has made it mandatory for the Limited Liability Partnership (LLP) to maintain comprehensive documentation including books of accounts on accrual basis and double entry system of accounting and fina
Published 18 May, 2018 12:00am
US Air Force under fire over Afghanistan tweet

US Air Force under fire over Afghanistan tweet

The US Air Force drew flak Thursday after it published - then deleted - a tweet making light of a Taliban offensive that killed up to 25 Afghan forces and at least five civilians. The tweet from the official Air Force account built on an internet phenomen
Published 18 May, 2018 12:00am
US Air Force under fire over Afghanistan tweet

US Air Force under fire over Afghanistan tweet

The US Air Force drew flak Thursday after it published - then deleted - a tweet making light of a Taliban offensive that killed up to 25 Afghan forces and at least five civilians. The tweet from the official Air Force account built on an internet phenomen
Published 18 May, 2018 12:00am
Forces foil terror bid as all attackers killed: ISPR

Forces foil terror bid as all attackers killed: ISPR

Security forces gunned down five suicide bombers on Thursday as they foiled a major terrorist attack at the Frontier Corps Help Centre in Quetta, ISPR said. Four Frontier Corps personnel suffered bullet wounds in the exchange of fire during the operation.
Published 18 May, 2018 12:00am
Forces foil terror bid as all attackers killed: ISPR

Forces foil terror bid as all attackers killed: ISPR

Security forces gunned down five suicide bombers on Thursday as they foiled a major terrorist attack at the Frontier Corps Help Centre in Quetta, ISPR said. Four Frontier Corps personnel suffered bullet wounds in the exchange of fire during the operation.
Published 18 May, 2018 12:00am
Global economy to grow at 3.2 percent: UN

Global economy to grow at 3.2 percent: UN

The global economy is set to expand faster than expected in 2018 and 2019, the United Nations said Thursday, predicting a new a growth rate of 3.2 percent. "Growth in the world economy is surpassing expectations and global GDP is now expected to expand by
Published 18 May, 2018 12:00am
Global economy to grow at 3.2 percent: UN

Global economy to grow at 3.2 percent: UN

The global economy is set to expand faster than expected in 2018 and 2019, the United Nations said Thursday, predicting a new a growth rate of 3.2 percent. "Growth in the world economy is surpassing expectations and global GDP is now expected to expand by
Published 18 May, 2018 12:00am
Global economy to grow at 3.2 percent: UN

Global economy to grow at 3.2 percent: UN

The global economy is set to expand faster than expected in 2018 and 2019, the United Nations said Thursday, predicting a new a growth rate of 3.2 percent. "Growth in the world economy is surpassing expectations and global GDP is now expected to expand by
Published 18 May, 2018 12:00am
India court allows BJP to form state government despite lacking majority

India court allows BJP to form state government despite lacking majority

A leader from Prime Minister Narendra Modi's party was sworn in as chief minister of a key southern Indian state on Thursday, despite lacking a majority, after the Supreme Court rejected a last-minute bid to block the move. Modi's Bharatiya Janata Party (
Published 18 May, 2018 12:00am
India court allows BJP to form state government despite lacking majority

India court allows BJP to form state government despite lacking majority

A leader from Prime Minister Narendra Modi's party was sworn in as chief minister of a key southern Indian state on Thursday, despite lacking a majority, after the Supreme Court rejected a last-minute bid to block the move. Modi's Bharatiya Janata Party (
Published 18 May, 2018 12:00am
Cabinet decides to go for FATA reforms before May 31

Cabinet decides to go for FATA reforms before May 31

The federal cabinet has finally decided to go for Federally Administered Tribal Areas (FATA) reforms by getting approved the Constitution (Thirtieth Amendment) Bill, 2017 from the ongoing session of the Parliament prior to completion of the National Assem
Published 18 May, 2018 12:00am
Cabinet decides to go for FATA reforms before May 31

Cabinet decides to go for FATA reforms before May 31

The federal cabinet has finally decided to go for Federally Administered Tribal Areas (FATA) reforms by getting approved the Constitution (Thirtieth Amendment) Bill, 2017 from the ongoing session of the Parliament prior to completion of the National Assem
Published 18 May, 2018 12:00am
Chinese CMC meets COAS: MoUs signed for bilateral defence cooperation

Chinese CMC meets COAS: MoUs signed for bilateral defence cooperation

General Zhang Youxia, Vice Chairman of Chinese Central Military Commission (CMC) called on General Qamar Javed Bajwa, Chief of Army Staff (COAS) Thursday at GHQ. The meeting was followed by delegation level talks. During the meeting, matters of mutual int
Published 18 May, 2018 12:00am
Chinese CMC meets COAS: MoUs signed for bilateral defence cooperation

Chinese CMC meets COAS: MoUs signed for bilateral defence cooperation

General Zhang Youxia, Vice Chairman of Chinese Central Military Commission (CMC) called on General Qamar Javed Bajwa, Chief of Army Staff (COAS) Thursday at GHQ. The meeting was followed by delegation level talks. During the meeting, matters of mutual int
Published 18 May, 2018 12:00am
Forex reserves down by $364 million to $10.799 billion

Forex reserves down by $364 million to $10.799 billion

Foreign exchange reserves held by State Bank of Pakistan (SBP) continued downward trend and reached below $11 billion at the end of last week due to external debt servicing. SBP's reserves were declined by $364 million to $10.799 billion as on May 11, 201
Published 18 May, 2018 12:00am
Forex reserves down by $364 million to $10.799 billion

Forex reserves down by $364 million to $10.799 billion

Foreign exchange reserves held by State Bank of Pakistan (SBP) continued downward trend and reached below $11 billion at the end of last week due to external debt servicing. SBP's reserves were declined by $364 million to $10.799 billion as on May 11, 201
Published 18 May, 2018 12:00am
Forex reserves down by $364 million to $10.799 billion

Forex reserves down by $364 million to $10.799 billion

Foreign exchange reserves held by State Bank of Pakistan (SBP) continued downward trend and reached below $11 billion at the end of last week due to external debt servicing. SBP''s reserves were declined by $364 million to $10.799 billion as on May 11, 20
Published 18 May, 2018 12:00am
Global debt

Global debt

Rising global debt has, of late, become a matter of great concern. According to a database released by the IMF on 14th May, 2018, the worldwide debt has now reached a record new high of dollar 164 trillion or equal to 225 percent of global GDP. This level
Published 18 May, 2018 12:00am
A pause in Indian military operations in IHK?

A pause in Indian military operations in IHK?

There is little or no doubt about the fact that Kashmir is now slipping out of India's hand. A bigger picture that has emerged from this part of South Asia for the entire world clearly shows that as India clamps down on the occupied territory with the pro
Published 18 May, 2018 12:00am
Punishing non-filers!

Punishing non-filers!

Collection of tax where it is NOT due is as detestable as its non-collection where it is due - Justice Nasim Sikander re CIT Companies, Lahore v State Cement of Corporation (Pvt) Ltd, Lahore 2002 PTD 1603
Published 18 May, 2018 12:00am
The Pacific, the Indian Ocean and Asia

The Pacific, the Indian Ocean and Asia

Pakistan was founded in 1947 at a time when nobody was thinking about globalization even though the then just concluded WW II suggested that. History of the opposing military alliances had important lessons to teach; not only Pakistanis but others keep fo
Published 18 May, 2018 12:00am
Asia oil thirst tab $1 trillion a year as crude rises to $80

Asia oil thirst tab $1 trillion a year as crude rises to $80

Oil prices are poised to break through $80 per barrel and Asia's demand is at a record, pushing the cost of the region's thirst for crude to $1 trillion this year, about twice what it was during the market lull of 2015/2016. Oil prices have gained 20 perc
Published 18 May, 2018 12:00am
'A loose cannon supreme leader'

'A loose cannon supreme leader'

This is apropos a Business Recorder op-ed "A loose cannon supreme leader" carried by the newspaper yesterday. The writer has highlighted a very important point in relation to the Mumbai attacks. According to her, "Nawaz Sharif is under oath not to
Published 18 May, 2018 12:00am
Zardari favours 'truth and reconciliation commission'

Zardari favours 'truth and reconciliation commission'

Pakistan People's Party Co-chairman Asif Ali Zardari has said that the 'truth and reconciliation commission' is acceptable if it starts its inquiry of the follies committed since the regime of General Zia-ul-Haq(retd). He was addressing party workers of L
Published 18 May, 2018 12:00am
PTI wants Fata-KP merger without further delay

PTI wants Fata-KP merger without further delay

Accusing the ruling government and its two major allies - JUI-F and PKMAP - of the delay in introducing FATA reforms, the PTI on Thursday demanded merger of tribal areas with Khyber Pakhtunkhwa without any further delay, saying it is the only solution to
Published 18 May, 2018 12:00am
Commissioner, DC visit Ramazan Bazaars

Commissioner, DC visit Ramazan Bazaars

In order to monitor the smooth supply of eatables during Ramazan, Lahore Commissioner Abdullah Khan Sumbal and Deputy Commissioner Sumair Ahmed Syed visited Karim Park and Shadman Ramzan Bazaars on Thursday. They visited different stalls and showed their
Published 18 May, 2018 12:00am
Lahore Metro bus service remains suspended

Lahore Metro bus service remains suspended

Metro bus service remained suspended for the sixth day on Thursday as a group of about three dozen visually impaired persons continued their sit in on the road At Kalima Chowk to press for their demands. The protesters are demanding provision of employmen
Published 18 May, 2018 12:00am
PPR fully supports women's empowerment under PPAF

PPR fully supports women's empowerment under PPAF

Programme for Poverty Reduction (PPR) under the umbrella of Pakistan Poverty Alleviation Fund (PPAF) fully supports women empowerment and pays salute to two women working in their communities to bring positive change through education, healthcare and othe
Published 18 May, 2018 12:00am
Local government representatives meet Mayor Karachi

Local government representatives meet Mayor Karachi

Mayor Karachi Wasim Akhtar said a petition has been filed in the Supreme Court for getting the powers of local bodies under the constitution and to strengthen the local bodies system in the country. The prevailing system of local bodies would not be prove
Published 18 May, 2018 12:00am
Zardari pays tribute to Colonel Sohail Abid

Zardari pays tribute to Colonel Sohail Abid

Former President Asif Ali Zardari has expressed his profound grief and sorrow over the martyrdom of Colonel Sohail Abid and paid him glowing tributes. Former President in a statement said that soldiers who defend their country from enemies are heroes of t
Published 18 May, 2018 12:00am
Many localities go without electricity during Sehar & Iftar

Many localities go without electricity during Sehar & Iftar

The residential consumers of K-Electric at various city neighbourhoods have complained they suffered due to unabated power outages even during first Sehr and Iftar of the holy month of Ramazan. The unannounced and prolonged power cut has exposed KE's tall
Published 18 May, 2018 12:00am
Plea to unseat Mazhar Ali from FPCCI's post

Plea to unseat Mazhar Ali from FPCCI's post

After Director General of Trade Organizations (DGTO) cancelled a license of Halal Products and Services Association of Pakistan (HPSAP), demands are made to unseat Syed Mazhar Ali Nasir from Senior Vice President of FPCCI slot. Syed Mazhar Ali Nasir, who
Published 18 May, 2018 12:00am
KP cabinet approves human rights policy

KP cabinet approves human rights policy

A meeting of the provincial cabinet held with Chief Minister Pervaiz Khattak in the chair on Thursday approved human rights policy under which rights of social, political workers, women, children including transgender persons, minorities and veteran citiz
Published 18 May, 2018 12:00am
KP IGP for foolproof security during Ramazan

KP IGP for foolproof security during Ramazan

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Salahuddin Khan Mahsud has directed police high ups to ensure foolproof security measures for maintenance of law and order during the holy month of Ramazan. This was circulated amongst all Regional
Published 18 May, 2018 12:00am
Bank Alfalah to transfer Afghanistan operations to Azizi Bank

Bank Alfalah to transfer Afghanistan operations to Azizi Bank

In a joint ceremony held in Dubai, Bank Alfalah Ltd signed an agreement to transfer its Afghanistan Operations to Azizi Bank, a leading financial institution in Afghanistan. Bank Alfalah's Afghanistan operations had total assets of Afghani 15.3 billion as
Published 18 May, 2018 12:00am
APNS concerned at 'very real' threats to press freedom

APNS concerned at 'very real' threats to press freedom

The All Pakistan Newspapers Society has carefully analyzed the state of the present media and has expressed its apprehensions at the existence of some very real threats to press freedoms in the ongoing transition to the 2018 general elections. Of particul
Published 18 May, 2018 12:00am
SU, NVTTC sign MoU under PYDP

SU, NVTTC sign MoU under PYDP

As a consequence of continued reform endeavour of SU VC Professor Dr Fateh Muhammad Burfat, a significant new development has emerged at the varsity. The SU has signed Memorandum of Understanding with National Vocational and Technical Training Commission
Published 18 May, 2018 12:00am
JI chief urges Muslim Ummah to end their differences

JI chief urges Muslim Ummah to end their differences

Addressing a large crowd protesting against Israel's brutalities on the Palestinians outside the Lahore Press Club, here on Thursday, Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that the Muslim Ummah must come up with a clear road map for Pale
Published 18 May, 2018 12:00am
SBP renews status of JCR-VIS, PACRA as eligible ECAIs

SBP renews status of JCR-VIS, PACRA as eligible ECAIs

State Bank of Pakistan has renewed the status of both credit rating agencies operating in Pakistan namely "JCR-VIS Credit Rating Company Limited (JCR-VIS)" and "The Pakistan Credit Rating Agency Limited (PACRA)" as eligible/ recognized External Credit Ass
Published 18 May, 2018 12:00am
Shaheen Airline wins award

Shaheen Airline wins award

In line with its commitment of facilitating passengers, the second national carrier of Pakistan - Shaheen Air International (SAI) has been awarded the 'Best Airline' for providing dedicated services during Hajj 2017. The award was granted to the Chairman
Published 18 May, 2018 12:00am
Caretaker PM's name to be announced soon: Saeed Ghani

Caretaker PM's name to be announced soon: Saeed Ghani

Pakistan Peoples Party leader Saeed Ghani on Thursday remarked that there are no differences pertaining to the name of the caretaker prime minister, adding that a decision over the matter will be announced soon. Constitution clearly states the mechanism o
Published 18 May, 2018 12:00am
PPP government criticised for its failed education policy

PPP government criticised for its failed education policy

PTI's lady legislator, Dr Seema Zia on Friday slammed the PPP government for raising an 'ignorant' Sindhi nation with six million children out of schools across the province, despite billions of budgetary spending.
Published 18 May, 2018 12:00am
LLB programme: exams forms schedule announced

LLB programme: exams forms schedule announced

The Controller of Examinations (Semester), University of Sindh, Jamshoro has issued the schedule of submission of forms for eligible candidates of 5-year LLB (Hons) Program Part-I, II, III, IV and V (Fresh and Failure candidates) at all SU affiliated publ
Published 18 May, 2018 12:00am
Partly Facetious : Nawaz may not be an author...

Partly Facetious : Nawaz may not be an author...

"Chairman National Accountability Bureau (NAB) Javed Iqbal did not attend the summons of the National Assembly Standing Committee on Law and Justice due to what he claimed was a prior engagement and the meeting was rescheduled for 22 May."
Published 18 May, 2018 12:00am
Shahbaz pays tributes to Colonel Sohail Abid

Shahbaz pays tributes to Colonel Sohail Abid

Punjab Chief Minister Muhammad Shehbaz Sharif has paid rich tributes to the bravery and courage of Colonel Sohail Abid who was martyred during an operation against terrorists by the security forces in Kuli Almas area of Balochistan. He also prayed for ear
Published 18 May, 2018 12:00am
Rickshaw distribution ceremony held at Governor House

Rickshaw distribution ceremony held at Governor House

A rickshaw distribution ceremony was held at Governor House Peshawar which was attended by Iqbal Zafar Jahgra - Governor KPK, Saeed Ahmad, President National Bank of Pakistan, Principal Secretary to Governor, Saima Rahim, Regional Head, Islamic Banking NB
Published 18 May, 2018 12:00am
Documents filed by LLP to be preserved by SECP

Documents filed by LLP to be preserved by SECP

The documents filed by the Limited Liability Partnership (LLP) through e-service will be preserved permanently by the Securities and Exchange Commission of Pakistan (SECP). According to the Liability Partnership Regulations, 2018 issued by the SECP here o
Published 18 May, 2018 12:00am
Ahsan lauds role of LEAs in fighting terrorism

Ahsan lauds role of LEAs in fighting terrorism

On the occasion of his first public appearance after escaping the assassination attempt, Interior Minister Ahsan Iqbal has said those who are spreading narrative of hatred among people are enemies of the country. Addressing the passing-out parade ceremony
Published 18 May, 2018 12:00am
Ogra chief vows to protect rights of all stakeholders

Ogra chief vows to protect rights of all stakeholders

Oil and Gas Regulatory Authority (Ogra) is determined to protect the rights of all stakeholders in accordance with the law and in the best interest of public, said Uzma Adil Khan, Chairperson Ogra while chaired public hearings organized by the Ogra at Pes
Published 18 May, 2018 12:00am
Pakistan slams Israel's acts of brutalities in Palestine

Pakistan slams Israel's acts of brutalities in Palestine

Pakistan has expressed solidarity with Palestinians and deplored the failure of the UN Security Council to condemn the deadly violence by Israeli troops in Gaza against the Palestinians protesting the US embassy move to Jerusalem.
Published 18 May, 2018 12:00am
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