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May 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-12-18
Kaleemullah signs up with US-based football club

Kaleemullah signs up with US-based football club

Pakistan's star footballer Kaleemullah has signed a contract with American-based football club 'The Tulsa Roughnecks FC'for the 2016 season. "The Tulsa Roughnecks FC announced that Pakistan International midfielder/forward Kaleemullah has signed with the
Published 18 Dec, 2015 12:00am
Shoaib Malik backs Aamir's return to Pakistan squad

Shoaib Malik backs Aamir's return to Pakistan squad

Pakistan all-rounder Shoaib Malik Thursday said that he has no problem with Mohammad Aamir's return to the international cricket, saying that the disgraced fast bowler has served his punishment. The 33-year-old, who recently took retirement from Test cric
Published 18 Dec, 2015 12:00am
Australia says no plan to stop surveillance flights over South China Sea

Australia says no plan to stop surveillance flights over South China Sea

Australia will not bow to Chinese pressure to halt surveillance flights over disputed islands in the South China Sea at the centre of rival claims between China and some of its neighbours, Defence Minister Marise Payne said on Thursday. The Australian Def
Published 18 Dec, 2015 12:00am
Libyan factions sign UN deal to form unity government

Libyan factions sign UN deal to form unity government

Delegates from Libya's warring factions signed a UN-brokered agreement on Thursday to form a national unity government, a deal that Western powers hope will bring stability and help to combat a growing Islamic State presence. Four years after Muammar Gadd
Published 18 Dec, 2015 12:00am
Czech parliament rejects labelling goods from Israeli settlements

Czech parliament rejects labelling goods from Israeli settlements

The Czech parliament's lower house called on the government on Thursday to ignore EU rules on labelling goods from Israeli settlements, joining Hungary in breaking ranks over the divisive regulations. The Czech Assembly said new EU guidelines which requir
Published 18 Dec, 2015 12:00am
Cameron hopes for 'real progress' in EU talks

Cameron hopes for 'real progress' in EU talks

Prime Minister David Cameron said he hoped talks with European Union leaders on Thursday would provide "real progress" towards a deal on better membership terms for Britain before a vote on staying in the bloc. Other EU leaders, who will be meeting Camero
Published 18 Dec, 2015 12:00am
US House approves tax measure as spending bill looms

US House approves tax measure as spending bill looms

The US House of Representatives on Thursday passed a massive tax bill that makes permanent and enhances tax credits to aid business research and development, the working poor, children and other temporary tax breaks as lawmakers moved to avoid a governmen
Published 18 Dec, 2015 12:00am
Obama says US, Cuba continue to have differences

Obama says US, Cuba continue to have differences

President Barack Obama on Thursday said the United States and Cuba continue to have differences, but that normalising diplomatic relations between the two countries has promoted the free flow of information in Cuba. On the anniversary of his announcement
Published 18 Dec, 2015 12:00am
US will prevail over 'despicable' terrorist threats

US will prevail over 'despicable' terrorist threats

President Barack Obama said on Thursday that US intelligence professionals did not have any specific or credible information about a pending attack on the United States, but warned Americans to remain vigilant going into the holiday season. Obama, speakin
Published 18 Dec, 2015 12:00am
UN rights chief blames Burundi leaders for mounting violence

UN rights chief blames Burundi leaders for mounting violence

The UN High Commissioner for Human Rights accused Burundi's authorities on Thursday of dragging the country towards full-blown civil war and called for travel bans and asset freezes targeting key officials to try to halt the bloodshed. Speaking at a speci
Published 18 Dec, 2015 12:00am
Erdogan says Turkey to annihilate Kurdish militants; 25 killed

Erdogan says Turkey to annihilate Kurdish militants; 25 killed

Gunfire clattered constantly and smoke rose on Thursday from two towns in south-east Turkey and President Tayyip Erdogan said Kurdish militants would be "annihilated" in an intensifying urban battle that has killed 25 Kurdish militants in two days. The PK
Published 18 Dec, 2015 12:00am
Brazil judge drops objection to Rousseff impeachment proceedings

Brazil judge drops objection to Rousseff impeachment proceedings

A controversial secret congressional vote that stacked an impeachment committee with opponents of President Dilma Rousseff was found legitimate on Wednesday by the Supreme Court justice who suspended proceedings against her last week. Judge Luiz Fachin's
Published 18 Dec, 2015 12:00am
Apple names Jeff Williams COO, a job once held by Tim Cook

Apple names Jeff Williams COO, a job once held by Tim Cook

Apple Inc promoted long-time executive Jeff Williams to the role of chief operating officer, reinstating the title previously held by Chief Executive Tim Cook, as part of a series of changes to the company's leadership team. Williams, who joined Apple in
Published 18 Dec, 2015 12:00am
Putin lashes Turkey, says Russian forces were in Ukraine

Putin lashes Turkey, says Russian forces were in Ukraine

Russia's Vladimir Putin subjected Turkey to a furious tirade on Thursday, using barrack-room language to wonder aloud whether it had shot down a Russian warplane last month to curry favour with the United States. Addressing almost 1,400 reporters in a cav
Published 18 Dec, 2015 12:00am
SIUT - centre of excellence

SIUT - centre of excellence

On December 12, Sindh Institute of Urology & Transplant (SIUT) completed four decades of its existence during which it expanded from an 8-bed unit in Karachi's Civil Hospital, into an internationally recognised medical centre. With continually up-dated fa
Published 18 Dec, 2015 12:00am
Traders rally against Sindh government for curtailing Rangers' powers

Traders rally against Sindh government for curtailing Rangers' powers

Traders on Thursday rallied to support Rangers and protest PPP-government's move to trim the law enforcers' powers barring them from clampdown on terrorism abettors and financers of terrorism. With placards in hands reading "restore Rangers powers', the c
Published 18 Dec, 2015 12:00am
IBA's CEIF signs MoU with IRTI

IBA's CEIF signs MoU with IRTI

IBA's Centre for Excellence in Islamic Finance (CEIF) signed two memorandums of understanding (MoUs) with Islamic Research and Training Institute (IRTI), research arm of Islamic Development Bank on Thursday at IBA City Campus. The signatories of the MoU,
Published 18 Dec, 2015 12:00am
Policy board's members: SECP issues SRO to lay down code of conduct

Policy board's members: SECP issues SRO to lay down code of conduct

All Members of the Policy Board of the Securities and Exchange Commission of Pakistan (SECP) must carry out their work in an environment that is free from any suggestion of improper influence and take all reasonable steps to avoid being in an actual, appa
Published 18 Dec, 2015 12:00am
CCP organises seminar on Competition Law at FCCI

CCP organises seminar on Competition Law at FCCI

The Competition Commission of Pakistan (CCP) is focused on removing entry barriers for smooth business and industry by effectively implementing the Competition Law and facilitating the business community through advocacy. The Competition Commission of Pak
Published 18 Dec, 2015 12:00am
Zardari performs Umrah

Zardari performs Umrah

Former President Co-Chairman Pakistan Peoples' Party Asif Ali Zardari who had arrived in Saudi Arabia on Wednesday performed Umrah on Thursday. Asif Ali Zardari also offered special prayers for the martyrs of Army Public School Peshawar. Former President
Published 18 Dec, 2015 12:00am
Suzuki Motors donates ambulances, tents to NDMA

Suzuki Motors donates ambulances, tents to NDMA

Chairman NDMA, Major General Asghar Nawaz has said that support from private sector is an important component for entire spectrum of disaster management. He said this while meeting Kinji Saito, Global Chief Suzuki Motors Company of Japan here in Islamabad
Published 18 Dec, 2015 12:00am
NAB recovered Rs 7.5 billion in last four years: National Assembly told

NAB recovered Rs 7.5 billion in last four years: National Assembly told

The National Accountability Bureau (NAB) recovered over Rs 7,504 million and initiated around 2,113 inquiries and 900 investigations in the last four years while 752 references were also filed in different cases. Minister for Climate Change Zahid Hamid in
Published 18 Dec, 2015 12:00am
NAP implementation: opposition raises objections

NAP implementation: opposition raises objections

The opposition members in the National Assembly have raised serious objections on the implementation of National Action Plan (NAP) and performance of National Counter Terrorism Authority (NACTA). Syed Naveed Qamar of Pakistan Peoples Party (PPP) said that
Published 18 Dec, 2015 12:00am
Pakistan hands over Indian youth

Pakistan hands over Indian youth

Pakistani troops have handed over an Indian youth, who had crossed over to other side of Indo-Pak border, to Army authorities along LoC Poonch district. "The 22-year-old Indian national Mohammed Rashid, son of Sattar Din of village Degwar Teruan of Poonch
Published 18 Dec, 2015 12:00am
Kerry reaffirms US support in combating terrorism

Kerry reaffirms US support in combating terrorism

US Secretary of State John Kerry reaffirmed his country's support to Pakistan in fighting terrorism and emphasised the need of uniting in opposing the 'poisonous ideology' that feed terrorism. In his message to mark the one-year anniversary of the attack
Published 18 Dec, 2015 12:00am
Jovago launches hospitality report

Jovago launches hospitality report

Jovago.com, Pakistan's number one online hotel booking website, has launched the first-ever hospitality report, and discuss Jovago's achievements during 2015. The purpose of this event is to strengthen the tourism sector and share insights regarding the t
Published 18 Dec, 2015 12:00am
Swedish envoy urges businessmen to diversify exports

Swedish envoy urges businessmen to diversify exports

The Swedish Ambassador to Pakistan, Tomas Rosander, has urged the business and industrial community of Pakistan to diversify their exports as there was plenty of room for improving trade with Sweden. Exchanging views during his visit to Karachi Chamber of
Published 18 Dec, 2015 12:00am
Climate change: experts call for proactive adaptation practices

Climate change: experts call for proactive adaptation practices

Experts on Thursday suggested a strategy to help people acclimatize with the changing climate. They were speaking at a closing ceremony of a five-year long 'Building Capacity on Climate Change Adaptation in Coastal Areas of Pakistan (CCAP) project of WWF-
Published 18 Dec, 2015 12:00am
'Wind corridor to add 1,000 megawatts to national grid by 2018'

'Wind corridor to add 1,000 megawatts to national grid by 2018'

The wind corridor will add 1,000 megawatts electricity to the national grid by 2018, as more investors are coming to wind industry, said Colonel Muzaffar Hussain (Retd), General Manager Plants Foundation Wind Energy Limited (FWEL). Although the production
Published 18 Dec, 2015 12:00am
Industrial policy approved by KP cabinet

Industrial policy approved by KP cabinet

The provincial cabinet of Khyber Pakhtunkhwa Thursday approved the KP Industrial Policy 2015 to accelerate industrial development and promote local industries in the province. The meeting of the provincial cabinet held here in the Cabinet Room of the Civi
Published 18 Dec, 2015 12:00am
SSUET to introduce new courses

SSUET to introduce new courses

Chancellor of Sir Syed University of Engineering & Technology (SSUET), Jawaid Anwar has said that according to the contemporary demands, new courses and technologies including BBA, MBA and Management Courses for Engineers will be introduced soon and Sir S
Published 18 Dec, 2015 12:00am
NGOs barred from participating in political activities

NGOs barred from participating in political activities

The Securities and Exchange Commission of Pakistan (SECP) has barred NGOs from participating in any political campaign for elective public office or other political activities akin to those of a political party or contribute any funds or resources to any
Published 18 Dec, 2015 12:00am
Nust holds ceremony to pay tribute to APS martyrs

Nust holds ceremony to pay tribute to APS martyrs

December 16, 2014 will be remembered as a black day in the history of Pakistan. It was the day when a group of terrorists martyred 144 people, including 122 students, while injuring several others. It was a brazen and dastardly attack which not only moved
Published 18 Dec, 2015 12:00am
Senate body seeks details of HEC's privatisation modus operandi

Senate body seeks details of HEC's privatisation modus operandi

Expressing reservations over the process adopted for privatisation of Heavy Electrical Complex (HEC), the Senate's sub-committee on Thursday sought minutes of the meeting prepared at the time of placing this entity in the list of organisations proposed to
Published 18 Dec, 2015 12:00am
Forex reserves reach historic high level

Forex reserves reach historic high level

Pakistan's total liquid foreign exchange reserves reached $20.7 billion historic high mark, supported by arrival of foreign inflows from multilateral and bilateral sources. Since the beginning of this fiscal year, the country's foreign exchange reserves a
Published 18 Dec, 2015 12:00am
Musharraf suspends membership of Raza Kasuri

Musharraf suspends membership of Raza Kasuri

Chairman All Pakistan Muslim League (APML) Pervez Musharraf suspended the party membership of Ahmed Raza Kasuri. Former President Pervez Musharraf suspended the party membership of Ahmed Raza Kasuri, who was considered as senior most leader of APML. Accor
Published 18 Dec, 2015 12:00am
Economic corridor: PTI releases 'fact-sheet'

Economic corridor: PTI releases 'fact-sheet'

The Punjab-based Pakistan Tehreek-e-Insaf has released a 'fact-sheet' about an additional cost of one billion dollars on three different parts of the China-Pakistan Economic Corridor, terming it "the biggest corruption scandal in the history of Pakistan".
Published 18 Dec, 2015 12:00am
Prime Minister condoles Kamal Rizvi's death

Prime Minister condoles Kamal Rizvi's death

Prime Minister Muhammad Nawaz Sharif on Thursday expressed deep grief and sorrow over the sad demise of renowned playwright and actor Kamal Ahmad Rizvi. In a message, the Prime Minister prayed for peace of the departed soul. Paying rich tribute to the mer
Published 18 Dec, 2015 12:00am
FBL, EFU Life sign distribution agreement

FBL, EFU Life sign distribution agreement

Faysal Bank Limited (FBL) and EFU Life Assurance Ltd (EFU) have entered into a distribution alliance for EFU Life's Window Family Takaful Products under a dedicated brand "Hemayah." The signing ceremony was held at Faysal Bank Head Office in Karachi and t
Published 18 Dec, 2015 12:00am
PIB auction: cut-off yield remains stable

PIB auction: cut-off yield remains stable

The cut-off yield of Pakistan Investment Bonds (PIBs) remained stable in the auction held Wednesday. The State Bank of Pakistan (SBP) conducted the auction for Pakistan Investment Bonds on December 16, 2015 with coupon rates at 8.75 percent, 9.25 percent,
Published 18 Dec, 2015 12:00am
PIB auction: cut-off yield remains stable

PIB auction: cut-off yield remains stable

The cut-off yield of Pakistan Investment Bonds (PIBs) remained stable in the auction held Wednesday. The State Bank of Pakistan (SBP) conducted the auction for Pakistan Investment Bonds on December 16, 2015 with coupon rates at 8.75 percent, 9.25 percent,
Published 18 Dec, 2015 12:00am
'Pakistan's stability a must to resolve Kashmir issue'

'Pakistan's stability a must to resolve Kashmir issue'

Speakers at a seminar organised by Pakistan Study Centre agreed that there must be internal stability in Pakistan and Pakistani nation must be strong politically, economically and culturally in order to resolve Kashmir issue. PU Vice Chancellor Dr Mujahid
Published 18 Dec, 2015 12:00am
Rich tributes paid to APS martyrs at Zardari House

Rich tributes paid to APS martyrs at Zardari House

An event was held at Zardari House Islamabad to pay tribute to the martyrs of Army Public School Peshawar on Wednesday. Chairman Pakistan Peoples Party Bilawal Bhutto Zardari was also in attendance. On the occasion Quran Khawani was held and prayers were
Published 18 Dec, 2015 12:00am
16th regular QAT starts

16th regular QAT starts

The 16th regular Quality Assurance Test (QAT) of private schools partnered under Foundation Assisted School (FAS) programme of the Punjab Education Foundation started on Thursday. The test was held in 419 FAS partner schools in all districts of the provin
Published 18 Dec, 2015 12:00am
Nepalese Ambassador for improving economic ties

Nepalese Ambassador for improving economic ties

The Nepalese Ambassador has stressed the need for improving Pak-Nepal economic relations and enumerated well-tailored measures to boost up existing trade figures that have no match to their respective potentials. The Ambassador, Bharat Raj Paudyal, was sp
Published 18 Dec, 2015 12:00am
Parliamentary panel stresses need for reunifying POA

Parliamentary panel stresses need for reunifying POA

A parliamentary panel on Wednesday stressed the need for reunifying Pakistan Olympic Association (POA) so that sports related activities inside and outside the country could be promoted. The National Assembly Standing Committee on Inter Provincial Co-ordi
Published 18 Dec, 2015 12:00am
The New Age Corporate Talent Hunt

The New Age Corporate Talent Hunt

Undiscovered talent is talent gone to waste. Youth in Pakistan has a reservoir of talent but with fewer avenues to showcase their abilities. Economists agree that the country has a sizeable demographic dividend in the shape of the young population with 60
Published 18 Dec, 2015 12:00am
Woman cashier killed by guard

Woman cashier killed by guard

A female cashier was killed and another male employee of a private bank injured when the gun of a security guard, deployed inside the bank premises, went off accidentally in the limits of Cantt police station on Thursday. A police official said that a sec
Published 18 Dec, 2015 12:00am
APCMA for imposition of RD on Iranian cement

APCMA for imposition of RD on Iranian cement

All Pakistan Cement Manufacturers Association (APCMA) has requested the Ministry of Finance to impose regulatory duty on Iranian cement to save the local industry. In a letter to the Secretary Finance Waqar Masood Khan, Chairman APCMA Mohammad Ali Tabba s
Published 18 Dec, 2015 12:00am
Paapam apprises minister of problems faced by tractor sector

Paapam apprises minister of problems faced by tractor sector

Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) in a meeting with the Federal Minister for Industries Ghulam Murtaza Khan Jataoi apprised him of the crises faced by the tractor sector. PAAPAM delegation led by its Chairman
Published 18 Dec, 2015 12:00am
'i-Port Advance; wearable technology for diabetics on injection therapy'

'i-Port Advance; wearable technology for diabetics on injection therapy'

Pakistanis are more fearful of having to endure daily injections than they are of spiders, flying, public speaking, exams or clowns, says a recent nationwide survey. Asked to rank 10 things people are commonly afraid of, respondents listed having injectio
Published 18 Dec, 2015 12:00am
A bank account centre of gravity for financial inclusion: banker

A bank account centre of gravity for financial inclusion: banker

Pakistan Innovation Foundation (PIF) had launched Pakistan's first National Innovation Awards to recognize and honour Pakistan's leading innovators for their remarkable achievements. The conference and awards ceremony, under the theme of "Make in Pakistan
Published 18 Dec, 2015 12:00am
Azakhel Dry Port to be operational by January

Azakhel Dry Port to be operational by January

Pakistan Customs has decided in principle to make Azakhel Dry Port operational by January 15, 2016 while the current dry port of Peshawar Cantonment will also remain operative. The decision was taken during a visit of Collector Customs, Peshawar, Qurban A
Published 18 Dec, 2015 12:00am
Barrister Sultan meets Chaudhry Sarwar

Barrister Sultan meets Chaudhry Sarwar

The president of the Pakistan Tehreek-e-Insaf in Azad Jammu and Kashmir is reported to have met the party organiser in Punjab Chaudhary Mohammad Sarwar on Thursday to discuss party matters. Sarwar told President Barrister Sultan Mahmood about the governme
Published 18 Dec, 2015 12:00am
PEC, IEP urge government to remove Wapda chief and secretary

PEC, IEP urge government to remove Wapda chief and secretary

Pakistan Engineering Council (PEC) and the Institution of Engineers Pakistan (IEP) have urged the government to sack the chairman and the secretary of the Water and Power Development Authority (Wapda) and replace them with engineers instead. The joint dem
Published 18 Dec, 2015 12:00am
Stock Option Schemes: SECP issues guidelines

Stock Option Schemes: SECP issues guidelines

The Securities and Exchange Commission of Pakistan (SECP) has issued guidelines to facilitate public limited companies in structuring and offer of Employees Stock Option Schemes. According to the draft guidelines issued by the SECP here on Thursday, it sh
Published 18 Dec, 2015 12:00am
Jobs for youth: Minister lays stress on achieving 8 percent growth

Jobs for youth: Minister lays stress on achieving 8 percent growth

Federal Minister for Planning, Ahsan Iqbal Thursday underlined the need for sustained growth of 7-8 percent to create job opportunities for the growing youth population as this would be great challenge for the country in coming years. Speaking at the 31st
Published 18 Dec, 2015 12:00am
Punjab to hold breeders convention

Punjab to hold breeders convention

The Punjab Wildlife and Parks Department is holding an 'All Punjab Breeders Convention' at the Lahore Zoological Gardens on Saturday December 19th. Representatives of 105 breeding farms will participate in the convention where they will be briefed about b
Published 18 Dec, 2015 12:00am
India building secret nuke facility: Foreign Policy

India building secret nuke facility: Foreign Policy

India is building a top-secret facility in southern Karnataka to upgrade its weapons that could "deeply unsettle" its neighbours, says an exhaustive report in international magazine Foreign Policy. It says work on the project began early in 2012 when trib
Published 18 Dec, 2015 12:00am
India building secret nuke facility: Foreign Policy

India building secret nuke facility: Foreign Policy

India is building a top-secret facility in southern Karnataka to upgrade its weapons that could "deeply unsettle" its neighbours, says an exhaustive report in international magazine Foreign Policy. It says work on the project began early in 2012 when trib
Published 18 Dec, 2015 12:00am
LB polls held on 17 Hyderabad seats

LB polls held on 17 Hyderabad seats

Polling to elect 17 chairmen, vice chairmen and councillors of different union committees and district council in Hyderabad district were held on Thursday. Polling on these seats was earlier scheduled to be held on November 19 in the second phase of local
Published 18 Dec, 2015 12:00am
General Tyre introduces tubeless motorcycle tyre

General Tyre introduces tubeless motorcycle tyre

General Tyre has introduced for the first time in Pakistan tubeless motorcycle tyre. Millions of motorcyclist will be leveraged with the advantages of tubeless tyre as majority of the Pakistanis belong to lower-middle class and motorcycle is the only affo
Published 18 Dec, 2015 12:00am
Cases of sacked Iesco CEO, others may be sent to NAB, FIA

Cases of sacked Iesco CEO, others may be sent to NAB, FIA

Ministry of Water and Power has reportedly recommended that the cases of sacked Chief Executive Officer (CEO) Yousaf Awan and other concerned officials of Islamabad Electric Supply Company (Iesco) involved in " dubious" recruitment scam should be sent to
Published 18 Dec, 2015 12:00am
Privatisation to improve PIA's services

Privatisation to improve PIA's services

Much has been said about PIA's imminent privatisation and it is expected that after satisfying itself, the controlling shares of PIA will be given to the best bidder from the private sector. I think this will be a good development. On the one hand, it wil
Published 18 Dec, 2015 12:00am
As Fed fog lifts, central bankers keep puzzling over China

As Fed fog lifts, central bankers keep puzzling over China

The world's central banks are scrambling to assess the risk a slowing China poses to their economies and appear to be no closer than most other observers to working out what is going on in the world's second largest economy. While the Reserve Bank of Aust
Published 18 Dec, 2015 12:00am
Countering terrorism

Countering terrorism

December 16 was a day of grief for many reasons. For 43 years we spent the day in gloom remembering the abject surrender in East Pakistan in 1971. On December 16, 2014, something so horrible happened that words alone cannot describe it; the APS Peshawar i
Published 18 Dec, 2015 12:00am
FBR collection: startling facts

FBR collection: startling facts

The Federal Board of Revenue (FBR), in its Biannual Review (January-June 2014-15), claims that "despite several challenges like poor law and order in the country, energy shortages and compression of imports, FBR has been able to collect net tax revenues o
Published 18 Dec, 2015 12:00am
Squandering away Karachi operation advantage?

Squandering away Karachi operation advantage?

Under Article 147 of the Constitution, the Sindh Assembly could refuse to ratify extended deployment of the Rangers in Karachi, but it hasn't. However, the resolution it adopted supporting the ratification - without debate and amid deafening ruckus - is t
Published 18 Dec, 2015 12:00am
Sell-off of PIA

Sell-off of PIA

Dr Hafeez Pasha contends that wages as a component of total costs of PIA are much lower than other airlines'. The reason: wages offered by PIA are a lot lower than those offered by other airlines. He compared PIA's losses with those incurred by other airl
Published 18 Dec, 2015 12:00am
July-November FDI up nine percent

July-November FDI up nine percent

Foreign Direct Investment (FDI) posted an increase of 9 percent during the first five months of this fiscal year (FY16). The State Bank of Pakistan (SBP) Thursday revealed that the country fetched $540.2 million FDI during the July-November of FY16 compar
Published 18 Dec, 2015 12:00am
July-November FDI up nine percent

July-November FDI up nine percent

Foreign Direct Investment (FDI) posted an increase of 9 percent during the first five months of this fiscal year (FY16). The State Bank of Pakistan (SBP) Thursday revealed that the country fetched $540.2 million FDI during the July-November of FY16 compar
Published 18 Dec, 2015 12:00am
July-November FDI up nine percent

July-November FDI up nine percent

Foreign Direct Investment (FDI) posted an increase of 9 percent during the first five months of this fiscal year (FY16). The State Bank of Pakistan (SBP) Thursday revealed that the country fetched $540.2 million FDI during the July-November of FY16 compar
Published 18 Dec, 2015 12:00am
Discos deposit Rs 52 billion in CPPA accounts

Discos deposit Rs 52 billion in CPPA accounts

Power Distribution Companies (Discos) have deposited Rs 52 billion in the accounts of Central Power Purchasing Agency (CPPA) with a view to capping circular debt at Rs 300 billion as per certain conditions of International Monetary Fund (IMF). This was re
Published 18 Dec, 2015 12:00am
Discos deposit Rs 52 billion in CPPA accounts

Discos deposit Rs 52 billion in CPPA accounts

Power Distribution Companies (Discos) have deposited Rs 52 billion in the accounts of Central Power Purchasing Agency (CPPA) with a view to capping circular debt at Rs 300 billion as per certain conditions of International Monetary Fund (IMF). This was re
Published 18 Dec, 2015 12:00am
Discos deposit Rs 52 billion in CPPA accounts

Discos deposit Rs 52 billion in CPPA accounts

Power Distribution Companies (Discos) have deposited Rs 52 billion in the accounts of Central Power Purchasing Agency (CPPA) with a view to capping circular debt at Rs 300 billion as per certain conditions of International Monetary Fund (IMF). This was re
Published 18 Dec, 2015 12:00am
Turing CEO arrested in securities fraud probe

Turing CEO arrested in securities fraud probe

Martin Shkreli, a lightning rod for growing outrage over soaring prescription drug prices, was arrested in New York by the FBI on Thursday on securities fraud charges involving his former hedge fund and a pharmaceutical company he previously headed.
Published 18 Dec, 2015 12:00am
The Weather

The Weather

The weather report on Thursday (December 17, 2015) and the forecast for Friday (December 18, 2015).

Published 18 Dec, 2015 12:00am
Turing CEO arrested in securities fraud probe

Turing CEO arrested in securities fraud probe

Martin Shkreli, a lightning rod for growing outrage over soaring prescription drug prices, was arrested in New York by the FBI on Thursday on securities fraud charges involving his former hedge fund and a pharmaceutical company he previously headed.
Published 18 Dec, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (December 17, 2015).

Published 18 Dec, 2015 12:00am
Turing CEO arrested in securities fraud probe

Turing CEO arrested in securities fraud probe

Martin Shkreli, a lightning rod for growing outrage over soaring prescription drug prices, was arrested in New York by the FBI on Thursday on securities fraud charges involving his former hedge fund and a pharmaceutical company he previously headed.
Published 18 Dec, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 18 Dec, 2015 12:00am
Asim's remand extended by one week

Asim's remand extended by one week

An accountability court here on Thursday extended the remand of Dr Asim Hussain, who is in the custody of the National Accountability Bureau (NAB), for further investigation, till December 23. Dr Asim Hussain, the chairman, Sindh Higher Education Commissi
Published 18 Dec, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 18 Dec, 2015 12:00am
Asim's remand extended by one week

Asim's remand extended by one week

An accountability court here on Thursday extended the remand of Dr Asim Hussain, who is in the custody of the National Accountability Bureau (NAB), for further investigation, till December 23. Dr Asim Hussain, the chairman, Sindh Higher Education Commissi
Published 18 Dec, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (December 17, 2015).

Published 18 Dec, 2015 12:00am
Khurshid asks why Asim's video not provided to chief minister

Khurshid asks why Asim's video not provided to chief minister

Opposition Leader in the National Assembly Khursheed Shah on Thursday said that how ironic it is that Dr Asim Hussain's video was provided to the Interior Minister but not to Chief Minister Qaim Ali Shah. Talking to media persons in Sukkur, Shah said that
Published 18 Dec, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (December 17, 2015)

Published 18 Dec, 2015 12:00am
Khurshid asks why Asim's video not provided to chief minister

Khurshid asks why Asim's video not provided to chief minister

Opposition Leader in the National Assembly Khursheed Shah on Thursday said that how ironic it is that Dr Asim Hussain's video was provided to the Interior Minister but not to Chief Minister Qaim Ali Shah. Talking to media persons in Sukkur, Shah said that
Published 18 Dec, 2015 12:00am
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