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Apr 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-10-15
Japan, China must move on from 'excessive focus' on past: Abe

Japan, China must move on from 'excessive focus' on past: Abe

Japan's premier Wednesday said his country's relationship with China must move away from an "excessive focus" on the past during a meeting with a top Beijing envoy. Prime Minister Shinzo Abe made the remarks to State Councillor Yang Jiechi, the highest-ra
Published 15 Oct, 2015 12:00am
New Zealand lifts ban on teen book

New Zealand lifts ban on teen book

New Zealand censors on Wednesday overturned the country's first book ban for more than two decades, ruling an award-winning teen novel could go on sale with no restrictions. The book, "Into the River" by Ted Dawe, was ordered off shelves last month after
Published 15 Oct, 2015 12:00am
Marlon James becomes first Jamaican to win Man Booker Prize

Marlon James becomes first Jamaican to win Man Booker Prize

Jamaican author Marlon James on Tuesday won the Man Booker Prize for "A Brief History of Seven Killings", a re-telling of the attempted assassination of musician Bob Marley. James, 44, is the first Jamaican to win the award in its 47-year history. One of
Published 15 Oct, 2015 12:00am
Pope issues 'extraordinary' apology over scandals

Pope issues 'extraordinary' apology over scandals

Pope Francis on Wednesday offered a surprise public apology from the Catholic Church for a series of scandals which have shaken the city of Rome and the Vatican. The Vatican has been the focus of several controversies including the coming out of a gay pri
Published 15 Oct, 2015 12:00am
Israel sets up East Jerusalem roadblocks in bid to stem attacks

Israel sets up East Jerusalem roadblocks in bid to stem attacks

Israel set up roadblocks in Palestinian neighbourhoods in East Jerusalem and deployed soldiers across the country on Wednesday in an effort to stop a wave of Palestinian knife attacks. In the latest incident, a Palestinian stabbed and wounded a 70-year-ol
Published 15 Oct, 2015 12:00am
Clinton fends off rivals in first Democratic debate

Clinton fends off rivals in first Democratic debate

Hillary Clinton emerged unscathed Tuesday from the Democratic Party's first presidential debate, giving her renewed momentum as she gears for a showdown with Republicans over the 2012 Benghazi attack. The frontrunner cut a calm and confident figure as she
Published 15 Oct, 2015 12:00am
Australia PM's 'tax haven' investments under microscope

Australia PM's 'tax haven' investments under microscope

Australia's multi-millionaire Prime Minister Malcolm Turnbull denied Wednesday dodging tax by using havens in the Cayman Islands as his personal wealth came under the microscope in parliament. Turnbull, a former investment banker who lives in a luxury man
Published 15 Oct, 2015 12:00am
Australia PM's 'tax haven' investments under microscope

Australia PM's 'tax haven' investments under microscope

Australia's multi-millionaire Prime Minister Malcolm Turnbull denied Wednesday dodging tax by using havens in the Cayman Islands as his personal wealth came under the microscope in parliament. Turnbull, a former investment banker who lives in a luxury man
Published 15 Oct, 2015 12:00am
Turkey sacks top police chief after Ankara attacks

Turkey sacks top police chief after Ankara attacks

The Turkish interior ministry on Wednesday fired Ankara's top police chief and two other officials as President Recep Tayyip Erdogan admitted security shortcomings may have led to a double suicide bombing in the capital that killed 97 people. There has be
Published 15 Oct, 2015 12:00am
Turkey warns US, Russia over support for Syrian Kurds

Turkey warns US, Russia over support for Syrian Kurds

Turkish Prime Minister Ahmet Davutoglu on Wednesday warned the United States and Russia against "unacceptable" military and political support for Syrian Kurdish forces fighting the Islamic State (IS) group in Syria. Turkey earlier summoned US and Russian
Published 15 Oct, 2015 12:00am
Rinehart wins court battle with Rio Tinto

Rinehart wins court battle with Rio Tinto

Mining giant Rio Tinto was Wednesday ordered to pay Australia's richest person Gina Rinehart and her late father's business partner an estimated Aus$200 million (US $145 million) in royalties after losing a court battle. Billionaire Rinehart and heirs of
Published 15 Oct, 2015 12:00am
Rinehart wins court battle with Rio Tinto

Rinehart wins court battle with Rio Tinto

Mining giant Rio Tinto was Wednesday ordered to pay Australia's richest person Gina Rinehart and her late father's business partner an estimated Aus$200 million (US $145 million) in royalties after losing a court battle. Billionaire Rinehart and heirs of
Published 15 Oct, 2015 12:00am
Brazil president gets temporary impeachment reprieve

Brazil president gets temporary impeachment reprieve

Brazilian President Dilma Rousseff won a temporary reprieve Tuesday from threatened impeachment thanks to a Supreme Court intervention and her principal opponent's decision to hold off for now on opening proceedings. Brazil's highest court slowed an expec
Published 15 Oct, 2015 12:00am
Iranian MPs arrive in Damascus

Iranian MPs arrive in Damascus

A delegation of Iranian lawmakers arrived in Damascus on Wednesday in the build-up to a joint operation against insurgents in north-west Syria, and said US-led efforts to fight rebels had failed. The visit, led by the chairman of the Iranian parliament's
Published 15 Oct, 2015 12:00am
Russia says US declines to host Moscow delegation for Syria talks

Russia says US declines to host Moscow delegation for Syria talks

The United States declined to host a high-ranking Russian delegation on Syria and also refused to send its own mission to Moscow, Russia's foreign minister said on Wednesday. On Tuesday, Russian President Vladimir Putin accused Washington of refusing to c
Published 15 Oct, 2015 12:00am
Africa & the Middle East: Banking on future growth

Africa & the Middle East: Banking on future growth

Globally, emerging markets are enduring pressures which are prompting a review of original GDP forecasts. Despite this, Standard Chartered remains optimistic and excited by the growth opportunities both Africa and the Middle East present. In my new role a
Published 15 Oct, 2015 12:00am
Sindh government challenges LB delimitations

Sindh government challenges LB delimitations

Two weeks ahead of local bodies' elections in Sindh, the provincial government on Wednesday challenged new delimitation by Election Commission of Pakistan (ECP) in Sindh High Court. An application was filed in Sindh High Court (SHC) by Secretary Local Gov
Published 15 Oct, 2015 12:00am
Exporters' rebate claims up to August 2014 cleared: Khokhar

Exporters' rebate claims up to August 2014 cleared: Khokhar

Chief Collector Customs-Exports (Enforcement South Zone) Zahid Ahmed Khokhar said here on Wednesday that presently no rebate claim of exporters was pending with the customs as all claims up to August 2014 have already been cleared. Addressing exporters at
Published 15 Oct, 2015 12:00am
Fazal Cloth Mills Limited
Cotton

Fazal Cloth Mills Limited

Part of the enormous Fazal Group, Fazal Cloth Mills Limited (KSE: FZCM) is one of the big players in Pakistan's textile industry. Founded in 1966, its market capitalisation is now well north of Rs 4.4 billion, making it a giant name in spinning and weavin
Published 15 Oct, 2015 12:00am
Fazal Cloth Mills Limited
Cotton

Fazal Cloth Mills Limited

Part of the enormous Fazal Group, Fazal Cloth Mills Limited (KSE: FZCM) is one of the big players in Pakistan's textile industry. Founded in 1966, its market capitalisation is now well north of Rs 4.4 billion, making it a giant name in spinning and weavin
Published 15 Oct, 2015 12:00am
Ballot held for Fazaia Housing Scheme

Ballot held for Fazaia Housing Scheme

Balloting for Fazaia Housing Scheme, Karachi was conducted at an impressive ceremony recently at the green pastures of PAF Museum, Karachi. Presided over by the Air Officer Commanding Southern Air Command PAF as the Chief Guest, the ceremony was attended
Published 15 Oct, 2015 12:00am
ABL declared as strongest bank in Pakistan

ABL declared as strongest bank in Pakistan

Allied Bank Limited has been named as the Strongest Bank in Pakistan in the "Asian Banker 500 (AB 500) Strongest Bank by Balance Sheet Ranking 2015". AB 500 is an evaluation of the 500 largest banks in the Asia Pacific region for the financial year 2014.
Published 15 Oct, 2015 12:00am
Government schemes delayed Tractor sales down 8 percent in Q1

Government schemes delayed Tractor sales down 8 percent in Q1

Following the delay in materialising tractor schemes announced by Sindh and Punjab governments, the industry faced a sharp decline of 8 percent during first quarter of current fiscal year; market sources said. They said that a slowdown in the sales of tra
Published 15 Oct, 2015 12:00am
KE annual financial report: power utility posts Rs 28.3 billion profit

KE annual financial report: power utility posts Rs 28.3 billion profit

K-Electric's profit after tax showed an increase of 119 per cent during the last fiscal year (FY15) mainly due to a reduction in line losses. The power utility earned Rs 28.325 billion profit during the FY15 compared with Rs 12.88bn in FY14, indicating an
Published 15 Oct, 2015 12:00am
Use of loudspeakers during Majalis, processions allowed

Use of loudspeakers during Majalis, processions allowed

Sindh Chief Minister Syed Qaim Ali Shah, keeping in view the demand of Shia Ulema has allowed the use of loudspeakers during Majalis and processions. For the purpose, a notification would be issued soon. He accorded this approval while presiding over a me
Published 15 Oct, 2015 12:00am
ATC extends bails of MQM's two leaders

ATC extends bails of MQM's two leaders

Anti-Terrorism Court on Wednesday extended the bails of Muttahida Qaumi Movement leaders Senator Tahir Mashhadi and Rauf Siddiqui. The hearing was held against the MQM leaders Senator Tahir Mashhadi and Rauf Siddiqui in ATC. MQM leaders appeared before th
Published 15 Oct, 2015 12:00am
Four Ferrari commanders surrender

Four Ferrari commanders surrender

Four Ferrari commanders of a banned outfit laid down arms and surrendered to security forces here on Wednesday. FC spokesman said that the militants who surrendered to the paramilitary force in Barkhan area of Loralai have vowed to shun violence and not t
Published 15 Oct, 2015 12:00am
LB elections: speakers concerned over non-representation of women

LB elections: speakers concerned over non-representation of women

Speakers expressed serious concerns over the non-representation of women on the general seats of local bodies' elections because of changes made in local bodies Act by Sindh government. The Two-day Refresher Training Worship on Community Action Research a
Published 15 Oct, 2015 12:00am
2005-2015: PPP Senator urges government to investigate PIA affairs

2005-2015: PPP Senator urges government to investigate PIA affairs

Chairman Senate Standing Committee on Finance, Revenue and privatisation, Senator Saleem Mandviwalla has urged the government to work towards the revival of national strategic entities such as Pakistan Steel Mills (PSM) and Pakistan International Airlines
Published 15 Oct, 2015 12:00am
No one to be allowed to threaten businessmen for extortion: DIG

No one to be allowed to threaten businessmen for extortion: DIG

DIG Police Hyderabad, Khadim Hussain Rind has said that no one would be allowed to threat business community for extortion and if anyone demands for extortion, Police should be informed without any delay so that a prompt and stern action could be taken ag
Published 15 Oct, 2015 12:00am
India and Pakistan Concern over increasing conventional disparity

India and Pakistan Concern over increasing conventional disparity

The Institute of Strategic Studies, Islamabad (ISSI) in collaboration with China Arms Control and Disarmament Association (CACDA) held a seminar on Wednesday on Strategic Stability in South Asia and East Asia: Constructive Role Played by China. The high-p
Published 15 Oct, 2015 12:00am
Nepra to get advisory to address overbilling complaints, PAC told

Nepra to get advisory to address overbilling complaints, PAC told

The Public Accounts Committee (PAC) of National Assembly was informed on Wednesday that water and power ministry will issue an advisory to National Electric power Regulatory Authority (Nepra) to evolve a transparent mechanism to address the overbilling co
Published 15 Oct, 2015 12:00am
Value-added sector never part of 'black day': Pregmea

Value-added sector never part of 'black day': Pregmea

The Pakistan Readymade Garments Manufacturers and Exporters Association (Pregmea) has made it clear that the value-added sector was never part of a black day marked by the basic textile sector. "We have not observed October 14 as the black day and all uni
Published 15 Oct, 2015 12:00am
First Muharram today

First Muharram today

Muharram moon has been sighted and the Islamic year will start on Thursday (October 15). The Central Ruet-e-Hilal Committee met at Meteorological Complex, Karachi on Wednesday and Chairman Mufti Munib-ur-Rehman presided over the meeting. Meantime, Sindh g
Published 15 Oct, 2015 12:00am
Over-billing by Fesco: woman commits suicide

Over-billing by Fesco: woman commits suicide

Faisalabad Electric Supply Company (FESCO) spokesman said that allege suicide of a 50 years woman Samena Bibi in Jurisdiction of Bakar Mandi Sub-Division by drinking acid could be a cause of domestic dispute. FESCO issued the electricity bill of Rs 4525 o
Published 15 Oct, 2015 12:00am
Scientific approach needed to address agriculture problems: President

Scientific approach needed to address agriculture problems: President

President Mamnoon Hussain on Wednesday said Pakistan being an agricultural country needs a scientific approach to address its agriculture-related problems and stressed the need to develop research culture in the country. Addressing at the inauguration of
Published 15 Oct, 2015 12:00am
Highways in Sindh: ADB approves $197 million loan

Highways in Sindh: ADB approves $197 million loan

The Asian Development Bank (ADB) has approved a loan of over $197 million to rehabilitate 328 kilometres of provincial highways and assist authorities in developing a master plan to better manage current and future road traffic in Sindh. "Sindh's provinci
Published 15 Oct, 2015 12:00am
Highways in Sindh: ADB approves $197 million loan

Highways in Sindh: ADB approves $197 million loan

The Asian Development Bank (ADB) has approved a loan of over $197 million to rehabilitate 328 kilometres of provincial highways and assist authorities in developing a master plan to better manage current and future road traffic in Sindh. "Sindh's provinci
Published 15 Oct, 2015 12:00am
Air China to launch new route connecting Beijing with cities

Air China to launch new route connecting Beijing with cities

Air China announced on Tuesday that it will launch its new route to connect Chinese capital Beijing with Pakistani major cities of Islamabad and Karachi. The launching ceremony themed Silk Road in the Air was organized in Islamabad and attended by Pakista
Published 15 Oct, 2015 12:00am
PSO declares Rs 10 cash dividend for Fiscal Year 2015

PSO declares Rs 10 cash dividend for Fiscal Year 2015

Pakistan State Oil Company Limited, held its 39th Annual General Meeting (AGM) at a local hotel on WEdnesday. The meeting was chaired by Sheikh Imran Ul Haque, Managing Director and CEO of PSO. Present at the meeting were Yacoob Suttar, CFO; Ayesha Afzal,
Published 15 Oct, 2015 12:00am
PSO declares Rs 10 cash dividend for Fiscal Year 2015

PSO declares Rs 10 cash dividend for Fiscal Year 2015

Pakistan State Oil Company Limited, held its 39th Annual General Meeting (AGM) at a local hotel on WEdnesday. The meeting was chaired by Sheikh Imran Ul Haque, Managing Director and CEO of PSO. Present at the meeting were Yacoob Suttar, CFO; Ayesha Afzal,
Published 15 Oct, 2015 12:00am
UET Peshawar announces Muharram holiday

UET Peshawar announces Muharram holiday

University of Engineering and Technology Peshawar and its all campuses will remain closed on Thursday (today) on the occasion of 1st Muharram. However, the schedule of examinations, interviews and tests will remain unchanged. In this regard Controller of
Published 15 Oct, 2015 12:00am
Online grocery store QnE launched

Online grocery store QnE launched

The event exclusively marked the launch of QnE, shared the vision behind its business and demonstrated how it can reshape the e-commerce industry in Pakistan. The event took place at 3.00 pm on Saturday, 3rd October 2015 in Pearl Continental, Karachi. The
Published 15 Oct, 2015 12:00am
K-Electric criticised for power outages

K-Electric criticised for power outages

Frequent power outages and low voltage have become daily routine at Saphore on main Kiran hospital road. When complaints are made, K-Electric always blame feeder fault and takes hours to restore electricity. Residents of the area said that the transformer
Published 15 Oct, 2015 12:00am
Drug shortage at JPMC irks patients

Drug shortage at JPMC irks patients

The Jinnah Postgraduate Medical Centre has once again been facing acute shortage of drugs for over two weeks and the provincial health department Sindh has failed to provide required quota of medicines to the institution. A senior official of the Jinnah P
Published 15 Oct, 2015 12:00am
KP HEREF set up with seed money of Rs 500 million

KP HEREF set up with seed money of Rs 500 million

A high level meeting regarding the utilization and investment policy of the Khyber Pakhtunkhwa Higher Education Research Endowment Fund was held under the chair of Minister for Higher Education Mushtaq Ahmad Ghanni on Wednesday. Additional Secretary Highe
Published 15 Oct, 2015 12:00am
Rs 170 billion mopped up through MTB auction

Rs 170 billion mopped up through MTB auction

The federal government Wednesday raised Rs 170 billion through the auction for Market Treasury Bills. The State Bank of Pakistan (SBP), on October 14, 2014, conducted the auction for the sale of 3-month, 6-month and 12-month T-bills. Participation in the
Published 15 Oct, 2015 12:00am
Rs 170 billion mopped up through MTB auction

Rs 170 billion mopped up through MTB auction

The federal government Wednesday raised Rs 170 billion through the auction for Market Treasury Bills. The State Bank of Pakistan (SBP), on October 14, 2014, conducted the auction for the sale of 3-month, 6-month and 12-month T-bills. Participation in the
Published 15 Oct, 2015 12:00am
Another entangled mobulid ray rescued

Another entangled mobulid ray rescued

WWF-Pakistan trained skipper (Nakhuda) Badsha Nawab has released a five feet long spinetail mobula which became entangled in their tuna gillnet laid down near Ras Zarrien, Pasni Balochistan on October 12. This is the third mobulid ray safely released by f
Published 15 Oct, 2015 12:00am
64th martyrdom anniversary: rich tributes paid to Liaquat Ali Khan

64th martyrdom anniversary: rich tributes paid to Liaquat Ali Khan

Rich tributes were paid to Shaheed-i-Millat Khan Liaqat Ali Khan, the first prime minister of Pakistan, ahead of the 64th anniversary of his martyrdom. In this regard, the Federal Urdu University of Arts, Science and Technology (FUUAST) organized a memori
Published 15 Oct, 2015 12:00am
LUMHS entry test to be held on November 22

LUMHS entry test to be held on November 22

Vice Chancellor LUMHS Professor Noshad A Shaikh presided over a meeting of Admission Committee, here on Wednesday. The Vice Chancellor said that the admissions in the courses of MBBS and BDS for the session 2015-2016 shall be awarded purely on merit basis
Published 15 Oct, 2015 12:00am
SECP to introduce revamped new companies law this month

SECP to introduce revamped new companies law this month

The Securities and Exchange Commission of Pakistan (SECP) is about to introduce the new companies law incorporating significant changes in the existing law to make it relevant to current economic environment. The in-house committee, constituted by the SEC
Published 15 Oct, 2015 12:00am
Prime Minister reaffirms support to Gilgit Baltistan uplift

Prime Minister reaffirms support to Gilgit Baltistan uplift

Prime Minister Nawaz Sharif Wednesday said that development and progress of Gilgit Baltistan was top priority of government. He reaffirmed that the Federal Government would continue to extend its support for the uplift and progress of the social sector of
Published 15 Oct, 2015 12:00am
Insurers and policyholders: SECP forms Dispute Resolution Committees

Insurers and policyholders: SECP forms Dispute Resolution Committees

The Securities and Exchange Commission of Pakistan (SECP) has constituted Dispute Resolution Committees for mediation and resolution of disputes arising between the insurers and policyholders. Sources told Business Recorder, here on Wednesday that
Published 15 Oct, 2015 12:00am
Insurers and policyholders: SECP forms Dispute Resolution Committees

Insurers and policyholders: SECP forms Dispute Resolution Committees

The Securities and Exchange Commission of Pakistan (SECP) has constituted Dispute Resolution Committees for mediation and resolution of disputes arising between the insurers and policyholders. Sources told Business Recorder, here on Wednesday that
Published 15 Oct, 2015 12:00am
First Hindko women moot concludes

First Hindko women moot concludes

The First Hindkowan Women Conference has concluded with the pledge to take steps for the promotion of Hindko language and culture. The conference was organized jointly by the Gandhara Hindko Academy and the Gandhara Hindko Board. The moot convened by Prof
Published 15 Oct, 2015 12:00am
SECP issues list of 7,911 defunct companies

SECP issues list of 7,911 defunct companies

The Securities and Exchange Commission of Pakistan (SECP) has issued list of 7,911 defunct/dormant companies which were registered with the commission but stopped doing businesses. In this regard, the SECP has also issued names of companies, registered of
Published 15 Oct, 2015 12:00am
Khattak inaugurates high-security prison in Mardan

Khattak inaugurates high-security prison in Mardan

Khyber Pakhtunkhwa Chief Minister Pervez Khattak inaugurated a high-security prison in Mardan, here on Wednesday. The foundation for the prison was laid by KP former Chief Minister Amir Haider Khan Hoti in 2009. Approximately Rs 1.75 billion had been spen
Published 15 Oct, 2015 12:00am
Cheap electricity: solar power ultimate solution: CEO Reon Energy

Cheap electricity: solar power ultimate solution: CEO Reon Energy

The chief executive officer of the Reon Energy has said the solar power is the ultimate solution for producing cheap electricity to reduce the high costs of power generation and distribution. He told the media in a hotel, "It offers tremendous environment
Published 15 Oct, 2015 12:00am
Change not possible under present electoral system: Jamaat-e-Islami

Change not possible under present electoral system: Jamaat-e-Islami

Deputy chief of the Jamaat-e-Islami, and head of the JI's election wing, Mian Muhammad Aslam, has said that under the present electoral system, a change in the country was not possible even after one hundred years. While addressing the participants of the
Published 15 Oct, 2015 12:00am
PCGA office-bearers elected
Cotton

PCGA office-bearers elected

Shehzad Ali Khan who belonged to Nawab Family of Khangarh has been elected unopposed as Chairman of Pakistan Cotton Ginners Association (PCGA)for 2015-16.While Girdhari Lal from Sindh and Malik M Sarfraz Nazim Awan (Bahawalpur) were elected unopposed as V
Published 15 Oct, 2015 12:00am
MCCI supports APTMA

MCCI supports APTMA

The Multan Chamber of Commerce and Industry (MCCI) on Wednesday expressed solidarity with All Pakistan Textile Mills Association (APTMA) and urged the government to give relief package to the textile industry that has almost collapsed. MCCI President, Mia
Published 15 Oct, 2015 12:00am
APTMA terms 'black day' protest a complete success
Currency

APTMA terms 'black day' protest a complete success

All Pakistan Textile Mills Association, observing a 'black day' on Wednesday, has called it a complete success. The textile industry has been critical of high business costs and unchecked entry of subsidised Indian goods including yarn, fabric and garment
Published 15 Oct, 2015 12:00am
China to provide technical assistance to Tevta

China to provide technical assistance to Tevta

"China will provide the Technical and Vocational Training Authority (Tevta) technical assistance to promote technical education and vocational training system in the Punjab," Chinese Consul General Yu Boren announced on Wednesday when he visited the organ
Published 15 Oct, 2015 12:00am
Textile industry government urged to ensure level-playing field

Textile industry government urged to ensure level-playing field

Pakistan Textile Exporters Association (PTEA) has urged the government to ensure level-playing field for textile industry as it has lost its viability against the regional competitors; about 30 percent industry has closed down its operations and 20.37 per
Published 15 Oct, 2015 12:00am
Shahbaz urges parties to work together for progress

Shahbaz urges parties to work together for progress

Punjab Chief Minister Shahbaz Sharif has said that Pakistan comprises four federating units and their equal development is essential for national progress and prosperity. He said that there is a need for collective efforts for national progress and develo
Published 15 Oct, 2015 12:00am
Senate body slams role of private schools

Senate body slams role of private schools

Senate Standing Committee on Cabinet Secretariat has expressed serious concern over charging hefty fees by private schools and acquiring plots of million rupees at subsidized rats under the pretext of running charity organisations. All the committee membe
Published 15 Oct, 2015 12:00am
38 new grid stations to be constructed in KP

38 new grid stations to be constructed in KP

A meeting of the sub-committee of National Assembly Standing Committee on Water and Power was held at Wapda House Peshawar, here on Wednesday. Dr Syed Ghazi Ghulab Jamal presided over the meeting. Members of the committee Junaid Akbar,Sahibzada Muhammad Y
Published 15 Oct, 2015 12:00am
KP textile mills suspend production

KP textile mills suspend production

Textile industry of Khyber Pakhtunkhwa Wednesday locked out their mills to suspend production and took out a protest demonstration against the anti-business policies of the government. Textile sector is the largest employer of the province with 45,000 to
Published 15 Oct, 2015 12:00am
MQM says examining Gilgit-Baltistan court verdict

MQM says examining Gilgit-Baltistan court verdict

Top leadership of Muttahida Qaumi Movement (MQM) is baffled over the harsh sentence passed on party chief Altaf Hussain by a Gilgit-Baltistan court and legal experts have questioned the sentence. MQM MNA Muhammad Salman Khan Baloch told Business Record
Published 15 Oct, 2015 12:00am
Budgetary measures: around Rs 50 billion revenue collected in Q1

Budgetary measures: around Rs 50 billion revenue collected in Q1

The Federal Board of Revenue (FBR) has collected around Rs 50 billion during first quarter (July-September) of 2015-16 from taxation measures taken in budget (2015-16). Sources told Business Recorder here on Wednesday that the FBR has carried out a
Published 15 Oct, 2015 12:00am
Mukhtar denies claiming leadership knew about Osama's presence

Mukhtar denies claiming leadership knew about Osama's presence

Former defence minister Ahmed Mukhtar has categorically denied claiming in an interview with Indian TV channel CNN-IBN that Pakistan had knowledge of al Qaeda leader Osama bin Laden's presence in the country. In an interview with a Pakistan TV channel, Mu
Published 15 Oct, 2015 12:00am
Defunct KASB Bank

Defunct KASB Bank

This is very surprising that nobody can ever believe that KASB Bank sold for Rs 1,000 only with blessing of Governor of State Bank of Pakistan and Prime Minister of Pakistan. Also surprising that a loan of over Rs 20 billion given by State Bank of Pakista
Published 15 Oct, 2015 12:00am
Nandipur power project: essential technical audit

Nandipur power project: essential technical audit

This refers to editorial "Nandipur challenge: third-party audits" carried by Business Recorder on October 8. It rightly raises the issue of technical audit of this unfortunate project that has become totally controversial not only because of enormo
Published 15 Oct, 2015 12:00am
Tensions build in Nigeria's oil-rich Delta

Tensions build in Nigeria's oil-rich Delta

Enjoying a chilled cider in a hotel pool bar, former Nigerian militant leader Ebi John has a simple message for President Muhammadu Buhari - keep paying my men or risk a new insurgency in the Niger Delta. Tensions have been building in the southern swampl
Published 15 Oct, 2015 12:00am
The Weather

The Weather

The weather report on Wednesday (October 14, 2015) and the forecast for Thursday (October 15, 2015).

Published 15 Oct, 2015 12:00am
Mergers and acquisitions: Managing risks and creating values

Mergers and acquisitions: Managing risks and creating values

Buyers, who are interested to have access to a particular asset or a market position, usually adopt strategy of mergers and acquisitions (M&A). However, it may be kept in mind that M&A strategy is not risk free.
Published 15 Oct, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 14, 2015).

Published 15 Oct, 2015 12:00am
VIEW POINT: Shifting sands of Punjab politics

VIEW POINT: Shifting sands of Punjab politics

No by-election has ever been watched with as much interest as the one in NA-122. The reason is obvious: the PML-N had to prove that it did not steal the seat (one of the four made most controversial by the PTI) as part of an alleged wider electoral fraud
Published 15 Oct, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 15 Oct, 2015 12:00am
Terrorist attacks in Turkey

Terrorist attacks in Turkey

Since the fresh outbreak of hostilities been the Turkish government and the Kurdish Workers Party (PKK) a few months ago, many lives have been lost in terrorist violence. An attack last June, on an election rally of the pro-Kurdish People's Democratic Par
Published 15 Oct, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 15 Oct, 2015 12:00am
Textile package delayed or suspended?
Cotton

Textile package delayed or suspended?

Approximately 400 members of All Pakistan Textile Mills Association (APTMA) decided to observe a 'black day' yesterday in protest against the delay in announcing the relief package promised by Prime Minister Nawaz Sharif. APTMA was earlier assured that th
Published 15 Oct, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (October 14, 2015).

Published 15 Oct, 2015 12:00am
PTI's struggle aimed at creating transparent system: Imran

PTI's struggle aimed at creating transparent system: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Wednesday said that the real purpose behind contesting by-polls was nothing else but to introduce a transparent system in the country. He was addressing the party workers of NA-122 and PP-147 at Garhi
Published 15 Oct, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (October 14, 2015)

Published 15 Oct, 2015 12:00am
Finance Ministry invites Aptma for talks

Finance Ministry invites Aptma for talks

The Ministry of Finance has invited representatives of All Pakistan Textile Mills Association (Aptma) for dialogue on key issues and problems faced by textile industry. On Wednesday, textile industry observed ''Black Day'' across the country on the appeal
Published 15 Oct, 2015 12:00am
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