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Archive - 2018-06-27
Pakistan still in grey list
Pakistan Top News

Pakistan still in grey list

KARACHI: The Financial Action Task Force (FATF) on Wednesday night decided to keep Pakistan in grey list, according to A
Published 27 Jun, 2018 11:21pm
Rain forecast for city
General News

Rain forecast for city

LAHORE: The overcast conditions in provincial capital on Wednesday turned the weather pleasant and bringing down the tem
Published 27 Jun, 2018 07:13pm
PML-N not to boycott election
Pakistan

PML-N not to boycott election

ISLAMABAD: Former Prime Minister Shahid Khanqan Abbasi has said that Pakistan Muslim League Nawaz (PML-N) would cont
Published 27 Jun, 2018 02:59pm
Bullion Prices on Wednesday
Markets

Bullion Prices on Wednesday

KARACHI: Following were the Bullion Prices in Karachi, Hyderabad and Multan on Wednesday. KARACHI: (per 10 gram)
Published 27 Jun, 2018 01:55pm
Blue Angels in air
Featured Photos

Blue Angels in air

The US Navy flight demonstration squadron, the Blue Angels, perform during the Vectren Dayton Air Show in Dayton, Oh
Published 27 Jun, 2018 03:46pm
Eagles fight
Featured Photos

Eagles fight

Steller's sea eagles are seen inside an open air cage at the Royev Ruchey Zoo in Krasnoyarsk, Russia. Copyright
Published 27 Jun, 2018 02:31pm
First interstellar asteroid
Featured Photos

First interstellar asteroid

This artist’s impression shows the first interstellar asteroid, `Oumuamua as it passes through the solar system afte
Published 27 Jun, 2018 01:16pm
Pizzaiolo robot
Featured Photos

Pizzaiolo robot

A pizzaiolo robot places a cooked pizza into its box before the customer’s eyes at the showroom of French food start
Published 27 Jun, 2018 12:04pm
Down but not out
Banking

Down but not out

“I have noticed that Pakistanis are emotional. When things don’t go very well, in terms of politics or economy, they get
Updated 27 Jun, 2018 08:11am
Unsung heroes of exports
Miscellaneous

Unsung heroes of exports

In the food and textile led growth of exports, other manufactures’ group gets overlooked. Increasing by nearly half a bi
Updated 27 Jun, 2018 07:22am
The new car economy
Automobile

The new car economy

Early 2017, when the success of the auto policy was still an open-ended question, guesstimate made by BR Research was th
Published 27 Jun, 2018 06:52am
Step up the gas (price) now
Oil and Gas

Step up the gas (price) now

The Oil and gas Regulatory Authority (OGRA) has announced determinations for both the gas distribution companies, SNGPL
Published 27 Jun, 2018 06:50am
Commercial flight crews show higher cancer rates: study

Commercial flight crews show higher cancer rates: study

Flight crews have higher than average rates of certain cancers, according to a study of more than 5,000 US-based flight attendants. "We report a higher lifetime prevalence of breast, melanoma and non-melanoma skin cancers among flight crews relative to th
Published 27 Jun, 2018 12:00am
Punjab government approves four-month Rs 693 billion budget

Punjab government approves four-month Rs 693 billion budget

With focus on education, health and agriculture, the caretaker Punjab government Tuesday approved Rs693 billion four-month budgets for the fiscal year 2018-19 including Rs1.6 billion, to meet the expenses of general elections in Punjab.
Published 27 Jun, 2018 12:00am
Punjab government approves four-month Rs 693 billion budget

Punjab government approves four-month Rs 693 billion budget

With focus on education, health and agriculture, the caretaker Punjab government Tuesday approved Rs693 billion four-month budgets for the fiscal year 2018-19 including Rs1.6 billion, to meet the expenses of general elections in Punjab.
Published 27 Jun, 2018 12:00am
Punjab government approves four-month Rs 693 billion budget

Punjab government approves four-month Rs 693 billion budget

With focus on education, health and agriculture, the caretaker Punjab government Tuesday approved Rs693 billion four-month budgets for the fiscal year 2018-19 including Rs1.6 billion, to meet the expenses of general elections in Punjab.
Published 27 Jun, 2018 12:00am
US Supreme Court upholds Trump travel ban

US Supreme Court upholds Trump travel ban

The US Supreme Court on Tuesday upheld Donald Trump's controversial travel ban restricting entry to people from five Muslim-majority countries, delivering the president a major victory in a tortuous legal battle. The win follows two embarrassing climbdown
Published 27 Jun, 2018 12:00am
US Supreme Court upholds Trump travel ban

US Supreme Court upholds Trump travel ban

The US Supreme Court on Tuesday upheld Donald Trump's controversial travel ban restricting entry to people from five Muslim-majority countries, delivering the president a major victory in a tortuous legal battle. The win follows two embarrassing climbdown
Published 27 Jun, 2018 12:00am
Payables to power generators exceed Rs 573 billion mark

Payables to power generators exceed Rs 573 billion mark

Payables to the power generators have crossed over Rs573 billion with Rs324 billion shortfall between the billed amount and recoveries of distribution companies during July-April 2018 of the current fiscal year.
Published 27 Jun, 2018 12:00am
Payables to power generators exceed Rs 573 billion mark

Payables to power generators exceed Rs 573 billion mark

Payables to the power generators have crossed over Rs573 billion with Rs324 billion shortfall between the billed amount and recoveries of distribution companies during July-April 2018 of the current fiscal year.
Published 27 Jun, 2018 12:00am
Payables to power generators exceed Rs 573 billion mark

Payables to power generators exceed Rs 573 billion mark

Payables to the power generators have crossed over Rs573 billion with Rs324 billion shortfall between the billed amount and recoveries of distribution companies during July-April 2018 of the current fiscal year.
Published 27 Jun, 2018 12:00am
NAB decides to bring back Nawaz's sons, Shahbaz's son-in-law

NAB decides to bring back Nawaz's sons, Shahbaz's son-in-law

The National Accountability Bureau (NAB) has decided to bring back former Prime Minister Nawaz Sharif's both sons and former Finance Minister Ishaq Dar, who had been declared proclaimed offenders by the Accountability Court, through Interpol.
Published 27 Jun, 2018 12:00am
NAB decides to bring back Nawaz's sons, Shahbaz's son-in-law

NAB decides to bring back Nawaz's sons, Shahbaz's son-in-law

The National Accountability Bureau (NAB) has decided to bring back former Prime Minister Nawaz Sharif's both sons and former Finance Minister Ishaq Dar, who had been declared proclaimed offenders by the Accountability Court, through Interpol.
Published 27 Jun, 2018 12:00am
Nawaz's counsel vows to conclude arguments

Nawaz's counsel vows to conclude arguments

The counsel for former Prime Minister Nawaz Sharif, Khawaja Haris, on Tuesday said that the Joint Investigation Team (JIT) that probed the Panama Papers case did not ask law firm Mossack Fonseca about his client's real or beneficial ownership of the Londo
Published 27 Jun, 2018 12:00am
Nawaz's counsel vows to conclude arguments

Nawaz's counsel vows to conclude arguments

The counsel for former Prime Minister Nawaz Sharif, Khawaja Haris, on Tuesday said that the Joint Investigation Team (JIT) that probed the Panama Papers case did not ask law firm Mossack Fonseca about his client's real or beneficial ownership of the Londo
Published 27 Jun, 2018 12:00am
India urges AIIB to increase loan book tenfold to $40 billion by 2020

India urges AIIB to increase loan book tenfold to $40 billion by 2020

The China-backed Asian Infrastructure Investment Bank (AIIB) should increase lending tenfold within two years to help the region meet its investment needs faster, Indian Prime Minister Narendra Modi said at the third annual meeting of the multilateral len
Published 27 Jun, 2018 12:00am
India urges AIIB to increase loan book tenfold to $40 billion by 2020

India urges AIIB to increase loan book tenfold to $40 billion by 2020

The China-backed Asian Infrastructure Investment Bank (AIIB) should increase lending tenfold within two years to help the region meet its investment needs faster, Indian Prime Minister Narendra Modi said at the third annual meeting of the multilateral len
Published 27 Jun, 2018 12:00am
India urges AIIB to increase loan book tenfold to $40 billion by 2020

India urges AIIB to increase loan book tenfold to $40 billion by 2020

The China-backed Asian Infrastructure Investment Bank (AIIB) should increase lending tenfold within two years to help the region meet its investment needs faster, Indian Prime Minister Narendra Modi said at the third annual meeting of the multilateral len
Published 27 Jun, 2018 12:00am
CPEC support in Pakistan

CPEC support in Pakistan

Deputy Chief of the Chinese mission in Pakistan Lijian Zhao while addressing a seminar titled "China Pakistan Economic Corridor (CPEC) - separating facts from misperceptions" stated that the idea of CPEC was initiated during the tenure of former President
Published 27 Jun, 2018 12:00am
India's religious militants

India's religious militants

In its recent edition of the "World Facebook", America's intelligence agency, CIA, slightly unmasked India's two violent Hindu extremist organizations, the Vishva Hindu Parishad (VHP) and Bajrang Dal, describing them as "religious militant originations" u
Published 27 Jun, 2018 12:00am
Economy facing mounting problems

Economy facing mounting problems

The 11-month balance of payments data released last week by the SBP has borne out the apprehension that the external account deficit is headed for a surge beyond expectations. As against 4%, projected for the year ($12 billion), first it was believed that
Published 27 Jun, 2018 12:00am
Doing away with the wrong book

Doing away with the wrong book

The globalization process has turned the world into an increasingly interdependent entity. No nation state or a country can now claim to be absolutely sovereign, in both socio-economic or/and military sense. However, without an irreducible minimum soverei
Published 27 Jun, 2018 12:00am
Pakistan Army - the paradigm shift

Pakistan Army - the paradigm shift

The Pakistan Army has faced many crises since 1947 because of some of its own dynamics; others were forced or imposed upon it because of international dynamics. We live in a very, very tough neighborhood. The brand image (or brand equity) of the Pak Army
Published 27 Jun, 2018 12:00am
Fair elections in sight

Fair elections in sight

It is good to note that the army would ensure foolproof security during printing and distribution of ballot papers for the general election.
Published 27 Jun, 2018 12:00am
Iranian forces, militants killed in clash near border

Iranian forces, militants killed in clash near border

Three Iranian security personnel and three militants were killed in a cross-border attack on the frontier with Pakistan on Monday, Iran's Revolutionary Guards said in a statement posted on state media. The Guards said on Tuesday their ground forces killed
Published 27 Jun, 2018 12:00am
PTI withdraws tickets from Bosan and others

PTI withdraws tickets from Bosan and others

Pakistan Tehreek-e-Insaf (PTI) had to withdraw tickets from former federal minister Sikander Hayat Bosan and some others under pressure from party workers after they resisted 'unjust award' of tickets to new entrants.
Published 27 Jun, 2018 12:00am
Army deployment: ECP writes letter to Defence Ministry

Army deployment: ECP writes letter to Defence Ministry

Election Commission of Pakistan (ECP) on Tuesday formally wrote to Ministry of Defence for deployment of Pakistan Army personnel in and outside the polling stations on election day to avert any untoward incident. In a letter sent to the Ministry of Defenc
Published 27 Jun, 2018 12:00am
Tribunal dismisses pleas of PTI, PPP Balochistan's chiefs

Tribunal dismisses pleas of PTI, PPP Balochistan's chiefs

An appellate tribunal of the Balochistan High Court dismissed on Tuesday the pleas of the provincial chiefs of PTI and PPP challenging the returning officers' decision to reject their nomination papers. The returning officer had rejected the nomination pa
Published 27 Jun, 2018 12:00am
'Foreign funding': ECP sends PML-N case to probe body

'Foreign funding': ECP sends PML-N case to probe body

The Election Commission of Pakistan (ECP) Tuesday sent the alleged foreign funding case against Pakistan Muslim League-Nawaz (PML-N) to an investigative committee for further probe.
Published 27 Jun, 2018 12:00am
Transfers, postings of officials: ECP allows caretaker govt

Transfers, postings of officials: ECP allows caretaker govt

Election Commission of Pakistan (ECP) has allowed the caretaker government to decide on its own for routine transfers and postings of officials in Federal Secretariat, its attached departments and autonomous bodies up to BPS-19, which are not in connectio
Published 27 Jun, 2018 12:00am
UAE authorities issue arrest warrant against Abraaj founder

UAE authorities issue arrest warrant against Abraaj founder

Authorities in the United Arab Emirates have issued arrest warrants for the founder of private equity firm Abraaj and another executive for issuing a cheque without sufficient funds, according to a prosecution document seen by Reuters.
Published 27 Jun, 2018 12:00am
Balochistan CM to inaugurate Bostan Industrial Estate next week

Balochistan CM to inaugurate Bostan Industrial Estate next week

Balochistan Chief Minister Alauddin Marri Tuesday announced that he will inaugurate Bostan Industrial Estate in Balochistan next week that would, according to him, boost the industrial and business activities in the province.
Published 27 Jun, 2018 12:00am
ITP educates 204,929 citizens about traffic laws

ITP educates 204,929 citizens about traffic laws

Islamabad Traffic Police (ITP) imparted education about traffic rules to 204,929 citizens through its road safety programs and campaigns in the city from time to time during the ongoing year.
Published 27 Jun, 2018 12:00am
Gold import jumps by 21.34 percent

Gold import jumps by 21.34 percent

The country's gold import shot up by 21.34 percent to $19.312 million in July-May 2017-18, official figures say. Increase in the import of yellow metal now stands at $3.397 million in July-May 2017-18 from $15.915 million in July-May 2016-17, Pakistan Bur
Published 27 Jun, 2018 12:00am
IMO's AGM planned for March 2019 in Sri Lanka

IMO's AGM planned for March 2019 in Sri Lanka

Abdul Rahim Janoo President International Memon Organization (IMO) has said that next Annual General Body Meeting of IMO is scheduled to be held in March 2019 in Sri Lanka.
Published 27 Jun, 2018 12:00am
Khalq Cattle Farm inaugurated

Khalq Cattle Farm inaugurated

A cattle farm that offers best Pakistani breeds of sacrificial animals that are kept in most clean, modern, and scientifically maintained environment was inaugurated here in Gadap Town area, of M-9 section of motorway.
Published 27 Jun, 2018 12:00am
PBIF chief hails completion of CPEC's first phase

PBIF chief hails completion of CPEC's first phase

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that 2018 is an important year regarding China-Pakistan Economic Corridor (CPEC) as first phase of this historical project comprised of energy and infrastructure se
Published 27 Jun, 2018 12:00am
SC seeks report about cleaning of Manchar Lake

SC seeks report about cleaning of Manchar Lake

The Supreme Court (SC) on Tuesday ordered Sindh Government to submit a detailed report on Manchar Lake cleaning within two weeks, with the details of funds spent on it and the deadline when its water would be made potable. The two-member bench headed by J
Published 27 Jun, 2018 12:00am
Rain likely in Karachi tomorrow

Rain likely in Karachi tomorrow

The Met Office on Tuesday forecast a partly cloudy weather with a chance of rain and thunderstorm for the metropolis on Thursday. It said that the isolated rains are likely to fall Rawalpindi, Lahore and Gujranwala, Malakand, Hazara, Bannu, DI Khan, DG Kh
Published 27 Jun, 2018 12:00am
Training of young doctors: teachers urged to pay special attention

Training of young doctors: teachers urged to pay special attention

Punjab Minister for Health Dr Jawad Sajid Khan has urged upon the medical teachers to pay special attention on training of young doctors to make them true professional physicians and surgeons. "Relation of respect between teacher and student should be str
Published 27 Jun, 2018 12:00am
Awami Tahafuz committees dissolved

Awami Tahafuz committees dissolved

The city police on Tuesday on dissolved all 'Awami Tahafuz Committees' on the level of Police Stations to make the upcoming general elections fair and impartial. A police spokesman said that all the Superintendents of Police (SPs) have been directed by th
Published 27 Jun, 2018 12:00am
Regional tensions, power politics in ME can trigger conflict: Maleeha

Regional tensions, power politics in ME can trigger conflict: Maleeha

Permanent Representative of Pakistan to the United Nations (UN) Maleeha Lodhi remarked on Monday that regional tensions and big power politics in the Middle East can trigger a wider conflict. Speaking at the UN Security Council (UNSC) debate on the Middle
Published 27 Jun, 2018 12:00am
PPP tribal leaders demand elections in three months

PPP tribal leaders demand elections in three months

Tribal leaders of Pakistan People's Party (PPP) have expressed serious concerns over delay in conduct of elections in erstwhile Federally Administered Tribal Areas and demanded that the elections should be held in next three months instead of after one-ye
Published 27 Jun, 2018 12:00am
HCCI chief wants amnesty scheme date extended

HCCI chief wants amnesty scheme date extended

President Hyderabad Chamber of Commerce and Industry Muhammad Ikram Rajput has appealed to the high ups of the government to extend the date of Tax Amnesty Scheme so that maximum numbers of businessmen could take advantage of the benefits announced by the
Published 27 Jun, 2018 12:00am
Namaz-e-Istasqa offered at President House

Namaz-e-Istasqa offered at President House

On the directive of President Mamnoon Hussain, Nimaz-e-Istasqa was offered at President House Islamabad on Tuesday. The staff of President House offered the special prayers seeking blessings of Allah Almighty for rain. On the occasion, the President appea
Published 27 Jun, 2018 12:00am
Lesco CEO for meeting recovery targets

Lesco CEO for meeting recovery targets

Chief Executive Officer (CEO) Lahore Electric Supply Company (LESCO) Mujahid Pervaiz Chatta has directed all the circles to ensure recovery targets and take strict action against defaulters. Presiding over a high-level meeting on Tuesday, he said the Comp
Published 27 Jun, 2018 12:00am
Diplomat Business Club, CPG & Nutshell Forum enter alliance

Diplomat Business Club, CPG & Nutshell Forum enter alliance

The London and UAE based prestigious Diplomat Business Club (Diplomat International Forum) has entered into a strategic alliance with Nutshell Forum and Corporate Pakistan Group to initiate the Pakistan Chapter of Diplomat Business Club.
Published 27 Jun, 2018 12:00am
MicrofinanceBank receives 'Client Protection Certification'

MicrofinanceBank receives 'Client Protection Certification'

The First MicrofinanceBank, the pioneer of microfinance banking in Pakistan received 'Client Protection Certification from 'The Smart Campaign.' The recognition comes after a rigorous independent review of the bank's client protection standards in providi
Published 27 Jun, 2018 12:00am
'Green gold': government plants hundreds of millions of trees

'Green gold': government plants hundreds of millions of trees

The change is drastic: around the region of Heroshah, previously arid hills are now covered with forest as far as the horizon. In northwestern Pakistan, hundreds of millions of trees have been planted to fight deforestation.
Published 27 Jun, 2018 12:00am
Amnesty scheme: Help desk set up at RTO Faisalabad

Amnesty scheme: Help desk set up at RTO Faisalabad

A help desk for the awareness and guidance of the FCCI members regarding Tax Amnesty Scheme-2018 has been established in the reception area of the Regional Tax Office Faisalabad with immediate effect. Junaid Murtaza Janjua, Deputy Commissioner Inland Reve
Published 27 Jun, 2018 12:00am
No entity authorised to register NGOs: EAD

No entity authorised to register NGOs: EAD

The Economic Affairs Division (EAD) has warned that legal proceedings would be initiated against any entity certifying/registering non-government organizations (NGOs) on behalf of the EAD, sources revealed to Business Recorder. The registration of
Published 27 Jun, 2018 12:00am
Chinese foreign policy focuses on economic uplift: Professor Canrong

Chinese foreign policy focuses on economic uplift: Professor Canrong

Professor and Associate Dean at the School of International Studies, Renmin University, Beijing, Jin Canrong has said that China's foreign policy focuses on pursuing economic development and commanding the manufacturing industry. Prof Canrong stated this
Published 27 Jun, 2018 12:00am
Tax collection: banks to remain open on June 29 till 10pm

Tax collection: banks to remain open on June 29 till 10pm

All field offices of the Federal Board of Revenue (FBR) will remain open and observe extended working hours till 8:00pm on 29th June, 2018 (Friday) and till 10:00pm on 30th June (Saturday) for collection of duties and taxes.
Published 27 Jun, 2018 12:00am
'Scientifically advanced nations leading the world'

'Scientifically advanced nations leading the world'

Chairman Pakistan Science Foundation (PSF) Dr Qaiser Majeed Malik has said that scientifically advanced nations are leading the world as science has revolutionized the entire world and without it no nation can make progress.
Published 27 Jun, 2018 12:00am
Kurram DPs oppose rehabilitation procedure

Kurram DPs oppose rehabilitation procedure

The displaced families of Kurram tribal district have opposed the procedure of rehabilitation and warned that if their demands regarding return to hometown are not accepted they will move to a court of law and also announce march on Islamabad to observe a
Published 27 Jun, 2018 12:00am
USAID Pakistan launches agriculture technology transfer activity

USAID Pakistan launches agriculture technology transfer activity

USAID Pakistan on Tuesday launched "Agricultural Technology Transfer Activity" to boost agriculture productivity through introduction of modern technologies in Pakistan. The four-year project would cost $8.2 million and contribute towards an improved econ
Published 27 Jun, 2018 12:00am
Minister stresses need for improving dairy, livestock sector

Minister stresses need for improving dairy, livestock sector

Punjab Minister for Livestock and Dairy Development Mian Nauman Kabeer said that special initiatives are being taken for the betterment of livestock and dairy development sector which will yield far-reaching impacts. Not only nutritious needs can be met b
Published 27 Jun, 2018 12:00am
$15-25 billion assets may be declared under amnesty scheme: expert

$15-25 billion assets may be declared under amnesty scheme: expert

The Tax Amnesty Scheme to declare local and foreign assets may possibly lead to asset declarations of Rs 2-3 trillion ($15-25 billion) with expectations to result in tax revenue of over Rs 100 billion (0.3 percent of GDP), tax expert Saad Hashmi said.
Published 27 Jun, 2018 12:00am
First-ever blind judge of country takes oath

First-ever blind judge of country takes oath

Chief Justice Lahore High Court Muhammad Yawar Ali administered oath to first ever blind judge of the country Yousaf Saleem here Tuesday. Yousaf is a son of charted accountant and is visually impaired by birth. He has four sisters and two of them are visu
Published 27 Jun, 2018 12:00am
ITTMS project director Yousfani dies: FBR

ITTMS project director Yousfani dies: FBR

The government has announced the sad demise of Dr Muhammad Zubair Yousfani, a BS-20 officer of Pakistan Customs Service on June 20, 2018. At the time of his death, the officer was posted as project director (ITTMS), Customs Wing, Federal Board of Revenue
Published 27 Jun, 2018 12:00am
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