The Hub Power Company Limited (Hubco) has decided to slash its shareholding in China Power Hub Generation Company (Pvt) Limited to 26 percent, said a stock filing on Monday. "Hubco will be reducing its shareholding through its wholly owned subsidiary, Hub

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Monday launched 'Green Ribbon Movement' with the slogan of 'One Tree One Life'. He was joined by hundreds of students in Peshawar to mark the 'International Day of Forests' by planting 100,000 trees un

A 20-member delegation of Chinese investors and businessmen led by Secretary Communist Party of China Xijiang province, Huang Zhigang met Punjab Chief Minister Muhammad Shahbaz Sharif and expressed interest in investment in the project of setting up indus

A joint sitting of the parliament on Monday passed a Gas-Theft Control and Recovery Bill 2014 with majority, strengthening the law aimed at checking gas theft and pilferage, as well as expediting the recovery process of gas dues. Federal Minister for Petr

The Attock Petroleum Limited (PSX: APL) is engaged in the downstream petroleum business of the country, and is part of the only integrated oil and gas group in the country - Attock Oil Group. It was incorporated in 1998.

The Attock Petroleum Limited (PSX: APL) is engaged in the downstream petroleum business of the country, and is part of the only integrated oil and gas group in the country - Attock Oil Group. It was incorporated in 1998.

Yesterday, a historic milestone was achieved for Media and Advertising Industry in Pakistan when the first session of the Joint Industry Committee (JIC) took place comprising of members from both the representative bodies of broadcasters and advertisers i

Commodore Syed Sarfraz Ali (Retd) has joined Sir Syed University of Engineering and Technology (SSUET) as Registrar. An announcement here on Monday said that he is a graduate of Electrical Engineering from NED University and did his MS in Electrical Engin

The real size of Pakistani economy is $400 billion because 50 percent of it is undocumented, said Managing Director Pakistan Stock Exchange (PSX) Nadeem Naqvi. A country of 190 million, Pakistan's documented economy stands at $270 billion with 40 million

Association of Builders and Developers (Abad) has proposed the Federal Board of Revenue (FBR) to collect Rs 15 per sq. ft. levy on saleable area for three years or five years under final tax regime. The representatives of Abad headed by Chairman Muhammad

Association of Builders and Developers (Abad) has proposed the Federal Board of Revenue (FBR) to collect Rs 15 per sq. ft. levy on saleable area for three years or five years under final tax regime. The representatives of Abad headed by Chairman Muhammad

The British High Commissioner-designate, Thomas Drew CMG, is visiting Karachi, returning to the city for the first time since he was last here in 2007 and for the first time in his new role. He held meetings with a wide range of people from the worlds of

Yet another Rangers check-post was attacked by unknown men with a cracker bomb in Korangi on Monday, increasing the total number of such attacks to four this month. The incident took place at Korangi No 2-1/2; however, no casualties were reported. The cri

Mustafa Kamal-led unnamed party on Monday managed to claim one more "wicket" of Mutahhida Qaumi Movement (MQM) after disgruntled Anees Advocate joined former Karachi mayor's camp. "We welcome Anees Advocate Bhai in this 'national convoy'," Kamal told medi

Frontier Printers and Publishers Association (FPDA) said on Monday that the controversial policy of PTI government in KP directing Textbook Board authorities to go into open tender system at the country level in the name of "transparency" has inflicted a

High Commissioner of Republic of Kenya Professor Julius Kibet Bitok has said on Monday that in view of huge potential efforts must be made from Pakistan and Kenya to increase the existing bilateral trade volume of around US $600 millions to somewhere betw

In line with Prime Minister's Vision of "Green Pakistan" "Pakistan Navy - Mangroves Plantation Campaign" was launched in the Coastal Areas of Sindh and Balochistan provinces to mark International day of Forests. Chief of the Naval Staff, Admiral Muhammad

"The cricket fever has not died down."

Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has expressed its concerns on certain contents of the auto policy announced after a delay of 4 years. Chairman PAAPAM, Mumshad Ali, said in a statement that the basic objective

The Islamabad High Court on Monday sought para wise comments from the concerned officials of the federal government on a petition challenging appointment procedure of Chairman Capital Development Authority (CDA) and the civic body' member. After a brief h

All Pakistan Motor Dealers Association (APDMA) has urged the government to allow commercial import of used cars. "We are not asking for any reduction in duties despite the fact that substantial duty reduction has once again been approved for the local ass

Directorate General of Customs Valuation Karachi has revised customs values on the import of Aluminium Hydroxide/Alumina Hydrate from India, China, Korea, India, USA, EU and Japan for assessment of duty/taxes. The directorate has superseded Valuation Ruli

JS Bank has upgraded its core banking system to Temenos T24 R14. The bank has been using T24 core banking system for nearly a decade and has successfully moved all of the operations at its head office and branches to the latest version of Temenos flagship

Senate Standing Committee on Inter-Provincial Co-ordination has convened a meeting in Karachi for playing its due role as mediator on contentious issues between the federal government and provincial government of Sindh. Senator Mir Kabir Ahmed Mohammad Sh

Pakistan Railways (PR) surpassed the revenue target of Rs 24 billion for the first three quarters of the current financial year (2015-16) and reduced losses by about one billion rupees, mainly because of inducting new/repaired locomotives and increasing t

Sanofi and Diabetic Association of Pakistan (DAP) recently organised the "Sanofi 3rd International Diabetes Conference" in multiple cities of Pakistan with renowned international speakers from globally recognised centres of academic excellence. The follow

President Mamnoon Hussain arrived on Monday in Wana, headquarters of South Waziristan Agency on a daylong visit and was briefed on the security situation. Governor Khyber Pakhtunkhwa, Iqbal Zafar Jhagra and high ranking officials of the military and Polit

Pakistan Tax Advisors Association (PTAA) has approached Federal Board of Revenue (FBR) for extension in the date for filing of Income Tax Returns/Wealth Statements fro Tax year 2015 upto March 31, 2016. In a commutation to the FBR here on Monday, Chairman

A group of armed dacoits on Monday looted over Rs 10 million from a bank located in the limits of Sihala police station. A police official said that six armed dacoits entered the National Bank branch located at Rawat and held the whole staff hostage at gu

General John Nicholson, Commander Resolute Support Mission and United States Forces Afghanistan called on Chief of Army Staff (CoAS) General Raheel Sharif on Monday at General Headquarters, on his maiden visit. During the meeting, matters of mutual intere

The Institute of Strategic Studies, Islamabad organised a roundtable discussion on Monday on a report prepared by Dr Mohammad Zubair Khan, former federal minister for commerce titled "Pakistan-Afghanistan Cooperation on Trade: Political Economy Analysis."

Water & Sanitation (WatSan) Cell, local government and Rural Development Department Khyber Pakhtunkhwa, Water and Sanitation Services Peshawar (WSSP), WASH Cluster KP and Fata to jointly commemorate "World Water Day" on Tuesday (today) with the theme "Wat

Speakers emphasised to stop terror financing and collection of donations in order to dismantle terrorist's organisations in the country. These views were expressed by the participants of a sensitisation session entitled "Think before you donate" organised

International community has recognised Pakistan's efforts in elimination of terrorism for bringing back peace in the region as well as the world, said Pervaiz Rashid, Minister for Information, Broadcasting and National Heritage. The Minister on Monday ina

The Securities and Exchange Commission of Pakistan (SECP) has directed corporate sector that all the companies must meticulously follow the legal requirement for preparing and circulation of interim accounts, as this provision was introduced so that share

Mobile phone users in Pakistan reached at 129.85 million at the end of February 2016, after five mobile phone companies added a combined user base of 1.8 million customers during the reported month, according to data released by the Pakistan Telecommunica

The death toll due to ongoing rain related incidents has reached 121, while 124 people injured and 852 houses were damaged. According to latest data released by the National Disaster Management Authority (NDMA), the current spell of torrential rains and f

Pakistan has ratified the 2005 Amendment to the Convention on the Physical Protection of Nuclear Material (CPPNM). The Instrument of Ratification was signed by President Mamnoon Hussain on the advice of the Prime Minister. Earlier, in its meeting held on

Islamabad High Court on Monday sought written reply from Securities and Exchange Commission of Pakistan in response to a petition seeking implementation of Appointment of Legal Advisor Act 1974. Appearing before a single member bench of Justice Miangul Ha

Dismissing a plea filed against Federal Investigation Agency's female Sub-Inspector seniority on Monday, the Supreme Court judge Justice Azmat Saeed Sheikh observed that biased approach toward women should not be tolerated in any case. An apex court bench

The Supreme Court on Monday granted one month time to the federal government to provide complete details of extension, particularly about the construction of a hotel in the US Mission's premises. A two-member bench, led by Justice Ejaz Afzal Khan, resumed

A ten-year old girl was killed and seven others of her family members sustained injuries, when roof of two rooms caved in at Khasrogi, Bazaar Zakh Khel area of tehsil Landi Kotal of Khyber Agency on Monday. The political administration official media pers

The Nishat Hotels and Properties Company has grieved the death of Director Saeed Alvi on Monday morning. He was a retired civil servant from the Pakistan Administrative Service with 36 years of field experience at sub-divisional, district, divisional and

PML(Q) President Chaudhry Shujaat Hussein has phoned former ruler Pervez Musharraf to talk about the country's politics and economy. A party spokesman said on Monday the former military ruler had told his party president that he had never gone abroad afte

Memorandum of understandings (MoUs) worth more than $50 million have been signed between Pakistan and Chinese companies during the third day of the fifth Pakistan-China Business Forum arranged by the COMSATS Institute of Information Technology in Lahore.

Exhibition of octogenarian Neyyar Ehsan Rashid's artistic calligraphy titled "Flowers of Devotion" of the names of the holy Prophet (PBUH) opened at Alhamra Art Gallery on the Mall Road here on Monday. The exhibition will remain open from 10.am till 5 pm

Punjab Law Minister Rana Sanaullah Khan has said the Punjab government would eliminate "Thana culture" before the end of current financial year as Patwar culture has been eradicated by computerisation of land record in the Punjab. He was addressing the in

Surgeons from home and abroad have shared their experiences and latest trends in surgery at the scientific sessions in connection with the 15th three-day Surgical Conference which got underway at Fatima Jinnah Medical University on Monday. Leading Surgeon

American Consul General Zachary Harkenrider met Punjab Chief Minister Muhammad Shahbaz Sharif, here on Monday and discussed matters of mutual interest, bilateral relations and cooperation in different sectors, especially energy sector. The Chief Minister

The Provincial Minister for Mines and Minerals Sher Ali Khan has said that his government plans to set up "a digitalised mineral resources estimation library". The purpose of the lab is to maintain updated and authentic data of explorations of mines and m

The Punjab Food Authority (PFA) has confiscated 1,800 litres of milk and wasted 278 on the spot during a routine checking of milk-carrying vehicles at different entry points of the city. Teams checked 98 vehicles and also inspected milk-selling points. Th

The Lahore Economic Journalists Association (LEJA) has grieved over the death of Lahore APP Urdu Service In-charge and Secretary General Ishtiaq Hussain. In a condolence message released on Monday, association President Sudhir Chaudhry and other office-ho

Pakistan Industrial and Traders Associations Front (PIAF) has welcomed the approval of new automotive policy, hoping the policy will attract new European car makers, as the policy offers tax incentives to new entrants to help them establish manufacturing

The Punjab Wildlife and Parks Department has announced a five-member committee of senior department officers to frame a provincial wildlife policy to protect the wildlife in the province. The committee is set to launch a report in a week. The announcement

Chairman Sialkot International Airport Malik Muhammad Ashraf has said that a comprehensive plan is being finalised for setting up a four to five star hotel and construction of a exhibition hall at airport. Talking to Business Recorder on Monday he

The chairman of the Pakistan Afghanistan Joint Chamber of Commerce and Industry says "if both official and unofficial trade is calculated between Pakistan and Afghanistan, Afghanistan could rank third in the list of Pakistan's trade partners, which is est

Textile is the mainstay of national economy and on the specific directive of Prime Minister Nawaz Sharif, Ministry of Textile is working on a comprehensive strategy based on value addition to invigorate the entire cotton chain in order to double the texti

"The construction of the Indus Basin Replacement work provided job opportunities to millions of people during construction. The trickle-down effect will provide jobs to millions of people. If we provide agriculture in the non-settled areas, it will not on

More than 40 million residents of the rural and peri-urban areas of the Punjab will have access to safe drinking water through installation of state-of-the-art water filtration plants in 144 tehsils of 44 districts of the province. Following the Punjab ch

Punjab Chief Minister Muhammad Shahbaz Sharif stressed on the need for better and effective co-ordination between the National and Provincial Disaster Management Authorities to cope with national calamities. He expressed these views while presiding over a

The Pakistan Water and Power Development Authority (WAPDA) signed a contract equivalent to US $25 million with M/s ETERN - CCCE - HEI, a consortium of three Chinese Companies, for up-gradation of the existing Switchyard of Tarbela Hydel Power Station for

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has asked planners for devising a long term comprehensive and efficient plan for protection of the whole province from the devastation of floods on permanent to be implemented with the help of federal gover

The Federal Minister for Interior Chaudahry Nisar Ali Khan told a joint sitting of parliament on Monday that law will spring into action, forcing the former president to stage a comeback through Interpol if he opted to stay abroad after getting medical tr

This is apropos 'Agriculture & allied sectors: Shahbaz announces Rs 100bn for development' carried by Business Recorder on Sunday. According to it, the Punjab Chief Minister has announced up to Rs 100 billion exclusively for the development of agri

The Guangdong Yixiang Folk Culture Co has a licence to print money - thousands of lookalike US dollars roll off its clattering presses every minute, intended as burnt offerings for the heavenly bank accounts of Chinese ancestors. But in the earthly realm,

This is apropos finance minister Ishaq Dar's article 'Public debt management' carried by the newspaper on Saturday. Good public debt management contains financial risk. It develops domestic debt market and helps in reducing the borrowing cost. Such an app

During his first term in office, Iran's President Hassan Rouhani successfully negotiated with the UN and the US the terms whereon Iran agreed not to use its nuclear capability for developing weapons, and the IAEA inspectors verified Iran's commitment. Maj

Despite the recent high profile desertions in it, the MQM managed to stage an impressive show of strength at its Foundation Day events in Karachi and Hyderabad. As usual, its workers and supporters turned up in large numbers to hear the party supremo Alta

Prime Minister Nawaz Sharif while addressing a joint press conference with the visiting President of Turkmenistan Gurbanguly Berdimuhamedov stated that he wanted early completion of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline on which

Oil prices rose about 1 percent on Monday after data showed crude inventories at the Cushing, Oklahoma delivery hub for US futures fell for the first time since January, and ahead of the expiration of the US front-month contract. Oil's upside, however, wa

US wheat jumped as much as 1 percent on Monday, led by gains in K.C. hard red winter wheat as extremely cold weather threatened to curb yields in parts of the southern US Plains growing region already suffering from dry conditions. Wheat futures pared ear

Gold fell on Monday for a third day, with demand for bullion hurt as the dollar arrested three weeks of declines after hawkish comments from US Federal Reserve officials renewed expectations of US interest rate hikes. The dollar rose 0.2 percent against a

Rangers on Monday arrested Muttahida Qaumi Movement (MQM) Co-ordination Committee's Deputy Convener Shahid Pasha in a predawn raid at his residence in Gulistan-e-Johar here. A paramilitary spokesman said the accused was involved in target killings and oth

Rangers on Monday arrested Muttahida Qaumi Movement (MQM) Co-ordination Committee's Deputy Convener Shahid Pasha in a predawn raid at his residence in Gulistan-e-Johar here. A paramilitary spokesman said the accused was involved in target killings and oth

The Competition Commission of Pakistan (CCP) has approved the proposed merger of Mobilink and Warid. The merger approval is conditional upon compliance with the remedies imposed by CCP. The bench hearing the matter comprised of Vadiyya Khalil, the Chairpe

The Competition Commission of Pakistan (CCP) has approved the proposed merger of Mobilink and Warid. The merger approval is conditional upon compliance with the remedies imposed by CCP. The bench hearing the matter comprised of Vadiyya Khalil, the Chairpe

The weather report on Monday (March 21, 2016) and the forecast for Tuesday (March 22, 2016).

The Competition Commission of Pakistan (CCP) has approved the proposed merger of Mobilink and Warid. The merger approval is conditional upon compliance with the remedies imposed by CCP. The bench hearing the matter comprised of Vadiyya Khalil, the Chairpe

The following were Friday official prices.

The Sindh Assembly on Monday adopted the Sindh factories law to regulate matters pertaining to manufacturing units in the province, repealing the Factories Act 1934, besides adopting another law effectively restoring the pre-2002 status of the defunct Kar

The following were Friday official prices.

The Sindh Assembly on Monday adopted the Sindh factories law to regulate matters pertaining to manufacturing units in the province, repealing the Factories Act 1934, besides adopting another law effectively restoring the pre-2002 status of the defunct Kar

Official KCA spot rates for local dealings in Pakistan rupees on Monday (March 21, 2016).

The Sindh Assembly on Monday adopted the Sindh factories law to regulate matters pertaining to manufacturing units in the province, repealing the Factories Act 1934, besides adopting another law effectively restoring the pre-2002 status of the defunct Kar

Karachi Yarn Market Rates on Monday (March 21, 2016).

Importers have purchased about 45,000 tonnes of distillers'' dried grains with solubles (DDGS) from the United States, European traders said on Monday. DDGS is a by-product of corn ethanol that is used by animal feed producers as a substitute for corn and

Karachi Yarn Market Rates on Monday (March 21, 2016).

Importers have purchased about 45,000 tonnes of distillers' dried grains with solubles (DDGS) from the United States, European traders said on Monday. DDGS is a by-product of corn ethanol that is used by animal feed producers as a substitute for corn and

Cotton yarn rates in rupees per 10 Lbs on Monday (March 21, 2016).

Importers have purchased about 45,000 tonnes of distillers' dried grains with solubles (DDGS) from the United States, European traders said on Monday. DDGS is a by-product of corn ethanol that is used by animal feed producers as a substitute for corn and

Cotton yarn rates in rupees per 10 Lbs on Monday (March 21, 2016).

The Ministry of Law and Justice has opposed the "Contempt of Court (Amendment) Bill, 2016", moved by Senator Farhatullah Babar to amend the contempt of court Ordinance, 2003. The ministry in his brief document informed the Senate Committee on Law, that th

Grain and other commodity rates in rupees on Akbari Mandi on Monday (March 21, 2016)

The Ministry of Law and Justice has opposed the "Contempt of Court (Amendment) Bill, 2016", moved by Senator Farhatullah Babar to amend the contempt of court Ordinance, 2003. The ministry in his brief document informed the Senate Committee on Law, that th

Paper market rates in rupees on Monday (March 21, 2016).

The country''s current account balance posted a $157 million surplus in February 2016 supported by lower import bill and higher foreign inflows. Economists said that a surplus current account was a good indication for the economy and would reduce the pres

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (March 21, 2016).

The country's current account balance posted a $157 million surplus in February 2016 supported by lower import bill and higher foreign inflows. Economists said that a surplus current account was a good indication for the economy and would reduce the press

Karachi grain market rates in rupees on Monday (March 21, 2016).

The country's current account balance posted a $157 million surplus in February 2016 supported by lower import bill and higher foreign inflows. Economists said that a surplus current account was a good indication for the economy and would reduce the press