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Print - 2016-04-19
Rousseff to fight on after heavy impeachment defeat
Currency

Rousseff to fight on after heavy impeachment defeat

Brazilian President Dilma Rousseff's government vowed on Monday to fight impeachment after the lower house of Congress delivered a humiliating defeat that paved the way for her likely removal from office months before the country hosts the Olympics. In a
Published 19 Apr, 2016 12:00am
Hollande talks business on second day of Egypt visit

Hollande talks business on second day of Egypt visit

French President Francois Hollande discussed economic and cultural ties in Egypt Monday, a day after he arrived to a lavish welcome quickly overshadowed by his host's controversial human rights record. Hollande, who is visiting Cairo as part of a regional
Published 19 Apr, 2016 12:00am
Ukraine hands Russian servicemen 14-year prison terms
Exchange

Ukraine hands Russian servicemen 14-year prison terms

A Ukrainian court on Monday sentenced two Russian servicemen, captured in Ukrainian territory last May, to 14 years in prison on charges relating to their involvement in the pro-Russian separatist conflict in eastern Ukraine. Russia denies sending troops
Published 19 Apr, 2016 12:00am
US to give Philippines eye in sky to track South China Sea activity

US to give Philippines eye in sky to track South China Sea activity

The United States will transfer an observation blimp to the Philippines to help it track maritime activity and guard its borders amid rising tensions in the South China Sea, a US diplomat said on Monday. Philip Goldberg, US ambassador to the Philippines,
Published 19 Apr, 2016 12:00am
US top court splits on high-stakes immigration debate

US top court splits on high-stakes immigration debate

The US Supreme Court appeared closely divided Monday as it weighed President Barack Obama's plan to shield nearly half of the nation's 11 million undocumented immigrants from deportation. If the eight justices deadlock in their ruling, due by late June, i
Published 19 Apr, 2016 12:00am
Chinese military aircraft makes first public landing on disputed island

Chinese military aircraft makes first public landing on disputed island

A Chinese military aircraft has landed at a new airport on an island China has built in the disputed South China Sea, state media said on Monday, in the first public report on a move that raises the prospect of China basing warplanes there. The United Sta
Published 19 Apr, 2016 12:00am
Yemen peace talks on hold as rebels delay arrival

Yemen peace talks on hold as rebels delay arrival

Crucial talks between Yemen's government and rebels were delayed Monday after the insurgents failed to show up, prompting UN concern over the fate of peace efforts for the war-torn country. The talks in Kuwait aim to end to more than 13 months of fighting
Published 19 Apr, 2016 12:00am
Putin, Obama confirm willingness to strengthen Syria cease-fire: Kremlin

Putin, Obama confirm willingness to strengthen Syria cease-fire: Kremlin

Russian President Vladimir Putin and his US counterpart Barack Obama agreed during a phone call on Monday to strengthen a Syria ceasefire brokered by their two nations, the Kremlin said. "The leaders discussed in detail the situation in Syria, confirming
Published 19 Apr, 2016 12:00am
At least one dead in Mali protest against foreign forces

At least one dead in Mali protest against foreign forces

At least one civilian was killed Monday during a protest against foreign peacekeepers in the Malian city of Kidal, underlining simmering tensions between the local population and UN and French troops based in the area. Local protesters had forced their wa
Published 19 Apr, 2016 12:00am
Indian court issues arrest warrant for liquor tycoon

Indian court issues arrest warrant for liquor tycoon

An Indian court on Monday issued an arrest warrant for the embattled tycoon Vijay Mallya, who left the country owing more than $1 billion, an official told AFP. The 60-year-old liquor baron, once dubbed the "King of Good Times", left India on March 2 desp
Published 19 Apr, 2016 12:00am
Protesters warn of closure as PQA sees $9.6 million royalty coming

Protesters warn of closure as PQA sees $9.6 million royalty coming

Monday marked the 15th day of a protest demonstration hundreds of dock workers are carrying out at Port Qasim against the privatisation of two berths at the port's Marginal Wharf. While authorities at the ministry and port concerned appear to be completel
Published 19 Apr, 2016 12:00am
Speakers for facilitating export-oriented industries in budget

Speakers for facilitating export-oriented industries in budget

Speakers at a seminar on "budget proposals relating to export-oriented sector" have called for a better portion out of this year's budget for export-oriented industries to uplift the country's economy. The participants were of the view that rules, regulat
Published 19 Apr, 2016 12:00am
IMF chief briefed about macroeconomic indicators

IMF chief briefed about macroeconomic indicators

International Monetary Fund (IMF) Managing Director Ms Christine Legarde has appreciated the commitment of government to economic reforms which put Pakistan on path of growth. In a meeting with a Pakistani delegation headed by Finance Secretary Waqar Maso
Published 19 Apr, 2016 12:00am
KS&EW hands over 2 landing craft to navy
Exchange

KS&EW hands over 2 landing craft to navy

Two Landing Craft (Mechanized) constructed by Karachi Shipyard and Engineering Works, were handed over to Pakistan Navy, in a ceremony held on Monday at Karachi Shipyard. The chief guest on the occasion, Rear Admiral Syed Imdad Imam Jafri HI(M), Commander
Published 19 Apr, 2016 12:00am
Baluchistan Wheels Limited (BWHL)

Baluchistan Wheels Limited (BWHL)

Baluchistan Wheels Limited (BWHL) started its journey in 1980 in the collaboration of GKN Sankey Limited UK. The company built its plant in the industrial zone of Hub for the manufacturing of steel wheels for automobiles. With the capability to manufactur
Published 19 Apr, 2016 12:00am
Baluchistan Wheels Limited (BWHL)

Baluchistan Wheels Limited (BWHL)

Baluchistan Wheels Limited (BWHL) started its journey in 1980 in the collaboration of GKN Sankey Limited UK. The company built its plant in the industrial zone of Hub for the manufacturing of steel wheels for automobiles. With the capability to manufactur
Published 19 Apr, 2016 12:00am
SU academic council & senate elections: final lists of candidates issued

SU academic council & senate elections: final lists of candidates issued

The Registrar & Election Officer for Academic Council & Senate, University of Sindh, Jamshoro, has issued final lists of the candidate Principals and Teachers of Affiliated Colleges to the University. The Election for Academic Council and Senate will be h
Published 19 Apr, 2016 12:00am
MCB Bank PMI decreases to 63.44 in March

MCB Bank PMI decreases to 63.44 in March

Economic activity in the manufacturing sector expanded in March 2016 at a slower pace than in January, according to company executives surveyed in the MCB Bank Purchasing Managers Index (PMI). The PMI for the month of March registered a value of 63.44, a
Published 19 Apr, 2016 12:00am
German companies intend to invest in energy projects in Sindh

German companies intend to invest in energy projects in Sindh

Sindh Board of Investment (SBI) delegation on Monday was briefed that RWE, a German Company was working with the Sindh government and Sindh Engro Coal Mining Company in Thar coal power plant and mining project in block 2. It was also informed that the com
Published 19 Apr, 2016 12:00am
Incidents of lawlessness Illegal immigrants involved: Rangers

Incidents of lawlessness Illegal immigrants involved: Rangers

The illegal immigrants are also involved in the incidents of lawlessness in the metropolis. This was stated by the spokesman of the Pakistan Rangers, Sindh, here on Monday. He said Pakistan Rangers Sindh had started taking steps against the elements respo
Published 19 Apr, 2016 12:00am
PSP delegation calls on JI Karachi chief

PSP delegation calls on JI Karachi chief

A delegation of Pak Sarzameen Party (PSP) visited Jamaat-e-Islami (JI) Karachi office Idara Noor-e-Haq and called on its chief Engr. Naeem-ur-Rehman, here on Monday. The leaders discussed the issues relating to the city, politics and of mutual interests.
Published 19 Apr, 2016 12:00am
MQM MPA Mangi joins Kamal-led PSP

MQM MPA Mangi joins Kamal-led PSP

Provincial lawmaker of the Muttahida Qaumi Movement (MQM) Ashfaq Mangi on Monday announced to join Pak Sarzameen Party (PSP) of former Karachi mayor Mustafa Kamal. "We are not here to take power from anybody. We are here to transform lives of people and t
Published 19 Apr, 2016 12:00am
SMFB gets permission to commence operations

SMFB gets permission to commence operations

Sindh Microfinance Bank (SMFB) received permission to commence Microfinance Banking Business from State Bank of Pakistan (SBP). The commencement letter was presented by Shaukat Zaman, Director Banking Policy & Regulation Dept. (BPRD) SBP to Shoaib Arif CE
Published 19 Apr, 2016 12:00am
Askari Bank celebrates launch of branch in China

Askari Bank celebrates launch of branch in China

Askari Bank held a corporate dinner at Marriot Hotel, Islamabad, to celebrate the launch of Askari Bank's representative office in Beijing, China. Ambassador Charge d'affairs, People's Republic of China, Zhou Lijian was chief guest at the occasion, which
Published 19 Apr, 2016 12:00am
HBL granted licence to set up a branch in China

HBL granted licence to set up a branch in China

HBL is proud to be the first bank from Pakistan to receive a license for setting up a branch in China. It is also the first South Asian bank to get the permission to set up its banking operations in Urumqi, the largest city in the province of Xinjiang, wh
Published 19 Apr, 2016 12:00am
IESCO power closure notice

IESCO power closure notice

According to IESCO Spokesman, due to electricity maintenance/development work, the power supply of the following feeders / grid stations would remain suspended as under:- On 19 April 09:00am 02:00pm, RCCI-1, RCCI-II feeders, 10:00am 03:00pm, Jarrar Camp f
Published 19 Apr, 2016 12:00am
Sindh University declares B.Com Part-I result

Sindh University declares B.Com Part-I result

The Controller of Examinations (Annual), University of Sindh has announced the result of B.Com Part-I, Annual Examination of 2015. According the result, total 6574 candidates were appeared in the examination, out of which 5404 candidates are declared succ
Published 19 Apr, 2016 12:00am
Afzal Chamadia made vice chairman FPCCI body

Afzal Chamadia made vice chairman FPCCI body

Abdul Rauf Alam, President Federation Pakistan Chamber of Commerce (FPCCI) has appointed Afzal Chamadia as Vice Chairman of FPCCI's Standing Committee on "Consumer Products" for the year 2016. Chamadia has a vast experience in consumer sector.
Published 19 Apr, 2016 12:00am
Hannover Messe 2016 32 engineering products' exporters to take part

Hannover Messe 2016 32 engineering products' exporters to take part

Thirty-two prominent engineering products exporters from Pakistan will participate in 'Hannover Messe', the world's largest fair of industrial products being held in Hannover Germany from April 25 to 29, 2016, official sources told Business Recorder</i
Published 19 Apr, 2016 12:00am
PBIF chief concerned at uncertainty caused by Panama Papers

PBIF chief concerned at uncertainty caused by Panama Papers

President Pakistan Businessmen and Intellectuals Forum (PBIF), President Mian Zahid Hussain has expressed concern over Panama papers controversy which is pushing the country towards political and economic instability. The increased political struggle over
Published 19 Apr, 2016 12:00am
Golden Chick to open store in Pakistan soon

Golden Chick to open store in Pakistan soon

Golden Chick, one of America's favourites fast food brands has now come to Pakistan with the first store slated to be opened at Dolmen City Mall, Karachi on May 16, 2016. Pakistan is the first country outside the US where golden chick has decided to exten
Published 19 Apr, 2016 12:00am
144 Baloch militants surrender

144 Baloch militants surrender

At least 144 Baloch militants surrendered their weapons on Monday after accepting the government's amnesty offer. Among the militants who surrendered at Jhalwan, four are commanders of banned organisations. Commissioner Kalat hailed the decision calling i
Published 19 Apr, 2016 12:00am
KATI President lauds PCSIR's role in industrial development

KATI President lauds PCSIR's role in industrial development

President, Korangi Association of Trade and Industry (KATI), Zahid Saeed has lauded the role and efforts of Pakistan Council of Scientific & Industrial Research (PCSIR) for industrial development in the country. He said that scientific research was a prec
Published 19 Apr, 2016 12:00am
Redressal of farmers' issues Khursheed sends letter to Prime Minister

Redressal of farmers' issues Khursheed sends letter to Prime Minister

Opposition leader in the National Assembly Syed Khursheed Ahmed Shah has written a letter to Prime Minister Nawaz Sharif to address the critical issues faced by farmers at the moment. Khursheed Shah said that Pakistani Kissan Ittehad has arranged All Paki
Published 19 Apr, 2016 12:00am
FBR urged to delay launch of Form-I module till July
Exchange

FBR urged to delay launch of Form-I module till July

Karachi Customs Agents Association (KCAA) has requested the Federal Board of Revenue (FBR) to delay the launch of Form-I module by July 2016. Nadeem Kamil, General Secretary KCAA, said that the association has sent a letter to the FBR and requested them t
Published 19 Apr, 2016 12:00am
4th death anniversary of Abeda being commemorated on April 20

4th death anniversary of Abeda being commemorated on April 20

The 4th death anniversary of Abeda Iqbal Azad, one of the popular poets, short story writer and columnist of Karachi is being commemorated on April 20, with review sessions and symposium undertaken by scholars and journalists under the auspices of differe
Published 19 Apr, 2016 12:00am
Indian naval chief confirms Jadhav served in navy

Indian naval chief confirms Jadhav served in navy

Indian Chief of Naval Staff (CNS) RK Dhowan on Monday confirmed that RAW officer Kulbhushan Jadhav, who was arrested by Pakistani law enforcement agencies, had served in the Indian navy. "Don't remember anything of him; only know he was in Navy. After tha
Published 19 Apr, 2016 12:00am
CNG outlets: PSO asked to stop 'high handedness'

CNG outlets: PSO asked to stop 'high handedness'

The Oil and Gas Regulatory Authority (Ogra) has directed Pakistan State Oil (PSO) to stop high handedness of Compressed Natural Gas (CNG) outlets established in the premises of PSO-operated petrol pumps. According to an official communiqué of Ogra to Mana
Published 19 Apr, 2016 12:00am
Pakistan should cash in on decline in oil/gas prices: PIP CEO

Pakistan should cash in on decline in oil/gas prices: PIP CEO

Pakistan has a golden chance to take advantage of the international recession in oil/gas prices as services costs and other exploration related costs have dropped significantly, Asim Murtaza, Chief Executive Officer (CEO), Pakistan Institute of Petroleum
Published 19 Apr, 2016 12:00am
Rana Tanveer attending DSA in Malaysia
Exchange

Rana Tanveer attending DSA in Malaysia

Minister for Defence Production, Rana Tanveer Hussain is attending high level Defence Services Asia Exhibition (DSA) 2016 in Malaysia. Malaysia is once again organising the world renowned biennial DSA 2016 from 18th to 21st of April 2016. Recognises as th
Published 19 Apr, 2016 12:00am
SECP seeks comments on Draft Centralised (KYC) Organisation Rules, 2016

SECP seeks comments on Draft Centralised (KYC) Organisation Rules, 2016

The federal government has approved the Draft Centralised (Know Your Customer) Organisation Rules, 2016, framed under the Securities Act, 2015, to obtain public comments by May 15. The draft rules have been notified in the official gazette of Pakistan and
Published 19 Apr, 2016 12:00am
Prime Minister greets elected PML-N members of GB Council

Prime Minister greets elected PML-N members of GB Council

Prime Minister Muhammad Nawaz Sharif on Monday congratulated the elected members of Gilgit-Baltistan (GB) Council. In his message, the Prime Minister expressed the hope that the elected members of PML-N would devote their capabilities and energies for the
Published 19 Apr, 2016 12:00am
Two of a family die as car plunges into River Neelum

Two of a family die as car plunges into River Neelum

Two members of the same family were dead while five others went missing as Government official's car plunged into a River Neelum in Azad Kashmir on Monday morning. The mishap took place when Mal Abdul Ghani Mir crossed blind bend at Neelum River and sudde
Published 19 Apr, 2016 12:00am
Treason case: Musharraf seeks exemption from appearance

Treason case: Musharraf seeks exemption from appearance

Former army chief and President Pervez Musharraf on Monday sought exemption from appearing before a Special Court trying him under Article 6 on medical ground. A three-member Special Court led by Justice Mazhar Alam Miankhel is scheduled to resume hearing
Published 19 Apr, 2016 12:00am
KP to offer special incentives to farmers: PA Speaker

KP to offer special incentives to farmers: PA Speaker

Speaker, Khyber Pakhtunkhwa Assembly, Asad Qaiser has said that hefty funds in next annual development program (ADP) will be allocated for provision of special incentives to farmers. He said that though 70 percent economy is based on agriculture, but they
Published 19 Apr, 2016 12:00am
Government asked to share power generation data with KP

Government asked to share power generation data with KP

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has asked the federal government to share the actual data of power generation in the country with the provincial government and ensure provision of the allocated electricity quota of 13.5% to help eliminate
Published 19 Apr, 2016 12:00am
Controversial medical and dental council bill sails through Senate panel

Controversial medical and dental council bill sails through Senate panel

Senate Standing Committee on National Health Services, Regulations and Co-ordination has passed "The Pakistan Medical and Dental Council (Amendment) Bill, 2016" with the commitment of relevant ministry to incorporate four amendments proposed by Senator Fa
Published 19 Apr, 2016 12:00am
Nasha first Malaysian to complete PhD at PU
Exchange

Nasha first Malaysian to complete PhD at PU

Nasha Bin Rodziadi becomes first Malaysian Scholar, who completed PhD from the University of Peshawar. The scholar got admission in the PhD program under an agreement signed by the University Sains Malaysia and the University of Peshawar few years ago. Th
Published 19 Apr, 2016 12:00am
MTIs: Minister says non-interference reflects KP government's commitment

MTIs: Minister says non-interference reflects KP government's commitment

Khyber Pakhtunkhwa Minister for Health Shahram Khan Tarakai has said that by surrendering its powers and authority to the independent Boards of Governors (BoGs) the provincial government has proved its sincerity and commitment to non-political interferenc
Published 19 Apr, 2016 12:00am
MQM demands immediate ban on PSP

MQM demands immediate ban on PSP

In response to allegations hurled by Pak Sarzameen Party (PSP) leader Mustafa Kamal, Convenor of Mutahhida Qaumi Movement (MQM) Nadeem Nusrat demanded immediate ban on PSP, saying that MQM workers and leaders are being forced to quit party and join PSP. H
Published 19 Apr, 2016 12:00am
'Government is far away from export target'

'Government is far away from export target'

Chairman of Khyber Pakhtunkhwa Chamber of Commerce and Industry Standing Committees on Railways Ziaul Haq Sarhadi has said that the federal government is far away to achieve the export target. Commenting on Strategic Trade Policy 2015-18, he in a statemen
Published 19 Apr, 2016 12:00am
Anti-polio drive begins in KP, Fata, FRs

Anti-polio drive begins in KP, Fata, FRs

A four-day anti-polio campaign started in Federally Administrated Tribal Areas and Frontier Regions on Monday along with high-risk districts of Khyber Pakhtunkhwa amid tough security arrangements. The campaign will be carried out in most affected areas of
Published 19 Apr, 2016 12:00am
Climate change issues: Dar says government to play due role

Climate change issues: Dar says government to play due role

Minister for Finance Senator Mohammad Ishaq Dar on Monday said Pakistan will perform its due role at international fora on issues of climate change. He was talking to a 4-member delegation of International Centre for Integrated Mountain Development (ICIMO
Published 19 Apr, 2016 12:00am
Drive against pressure horns begins in Lahore

Drive against pressure horns begins in Lahore

The public transport has been facing prospect of an all-out action, for illegally using pressure horns, following a campaign by the Lahore Transport Company (LTC) to check them. The company's Enforcement and Operations Department and technical teams of th
Published 19 Apr, 2016 12:00am
TEVTA, PFMA offer seven short courses

TEVTA, PFMA offer seven short courses

The Technical and Vocational Training Authority and the Pakistan Footwear Manufacturing Association are offering seven new short courses to provide trained manpower for the footwear industry. The courses include leather footwear lasting operating, stitchi
Published 19 Apr, 2016 12:00am
Police personnel suspended

Police personnel suspended

The Inspector General of Police (IGP) Khyber Pakhtunkhwa, Nasir Khan Durrani has suspended a Sub-Inspector, Inter Head Constable and Head Constable on faulty investigation in an important murder case and further ordered departmental inquiry against them.
Published 19 Apr, 2016 12:00am
Issue of Panama Papers highly significant: Wattoo

Issue of Panama Papers highly significant: Wattoo

Senior leader of PPP and former chief minister Punjab, Manzoor Ahmed Wattoo has said there is no need of further evidence on the offshore business of the family of PM Nawaz Sharif. Talking to the media at a farewell party, Wattoo said the issue of offshor
Published 19 Apr, 2016 12:00am
South Korea keen to boost trade ties: envoy
Exchange

South Korea keen to boost trade ties: envoy

Korean Ambassador Dr Song Jong-Hwan said on Monday that his country was keen to strengthen trade relations with Pakistan. Trade volume between Pakistan and Korea was around $1.6 billion in 2012 but now it has dropped to $1.2 billion which should be a caus
Published 19 Apr, 2016 12:00am
Performance of two divisions: pesco expresses Dissatisfaction

Performance of two divisions: pesco expresses Dissatisfaction

Chief Executive, Peshawar Electricity Supply Company (Pesco) Awnar Ul Haq Yousafzai has expressed dissatisfaction over the performance of Swabi and Mardan divisions. He has issued warning to the officials to improve recovery and decrease line losses. He h
Published 19 Apr, 2016 12:00am
Fata teachers stage protest demonstration

Fata teachers stage protest demonstration

Tribal teachers from various agencies of Fata on Monday staged a protest demonstration outside the press club against the delay in up-gradation of their services and other allowances. They warned if the government didn't pay a heed toward their demands, t
Published 19 Apr, 2016 12:00am
Disallowing peasants' convention: HRCP flays Punjab government's move

Disallowing peasants' convention: HRCP flays Punjab government's move

The Human Rights Commission of Pakistan has voiced its concern over the administration denying peasants associated with the Punjab Anjuman Muzareen of their right to staging a peaceful protest and convention aimed at drawing attention to the long struggle
Published 19 Apr, 2016 12:00am
Education top priority of PTI-led government: minister

Education top priority of PTI-led government: minister

KP Minister for Elementary and Secondary Education Muhammad Atif Khan said that education is the top priority of PTI-led government. 70 percent issues regarding education system across the province have been solved during the last three years, he added. H
Published 19 Apr, 2016 12:00am
Six dengue patients confirmed in Punjab

Six dengue patients confirmed in Punjab

Six dengue patients have been confirmed in Punjab's six districts, meeting of the Cabinet Committee on Dengue confirmed on Monday which was chaired by Health Advisor Khawaja Salman Raffique on Monday. It emerged that Faisalabad and Sheikhupura confirmed o
Published 19 Apr, 2016 12:00am
Rangers detain Khalid Arain, another for 90 days

Rangers detain Khalid Arain, another for 90 days

Pakistan Rangers (Sindh) was granted 90-day preventive detention for questioning of Khalid Arain and Syed Ghufran Mujtaba linked to private TV channels and cable operation for 90 days. Khalid Arain and Ghufran Mujtaba were produced before the administrati
Published 19 Apr, 2016 12:00am
Senators for complete overhaul of NAB

Senators for complete overhaul of NAB

Declaring National Accountability Bureau (NAB) an outright corrupt organisation, both opposition and treasury lawmakers in Senate on Monday called for complete overhaul of the top anti-graft body as agreed between Nawaz Sharif and Benazir Bhutto during th
Published 19 Apr, 2016 12:00am
'Hujjaj tracking system' being introduced: minister of state

'Hujjaj tracking system' being introduced: minister of state

Minister of State for Religious Affairs and Interfaith Harmony Muhammad Aminul Hasnat has said the government had decided to introduce a special tracking system this year to know about the exact location of each person. Talking to PTV News on Monday, the
Published 19 Apr, 2016 12:00am
NAB to file three references against ex-Balochistan minister, others

NAB to file three references against ex-Balochistan minister, others

The Executive Board Meeting (EBM) of National Accountability Bureau (NAB) on Monday decided to file three references against corrupt elements. The meeting held under the chairmanship of NAB Chairman Qamar Zaman Chaudhry here decided to file former Provinc
Published 19 Apr, 2016 12:00am
Role in paedophile ring: life sentences awarded to two men

Role in paedophile ring: life sentences awarded to two men

A court on Monday sentenced two men to life imprisonment for their role in a paedophile ring accused of abusing dozens of children over many years in Pakistan's Punjab province, their defence lawyer said. The discovery of the paedophile ring last year sho
Published 19 Apr, 2016 12:00am
'Unbridled powers': two review petitions rejected by FTO

'Unbridled powers': two review petitions rejected by FTO

The Federal Tax Ombudsman (FTO) has rejected two review petitions filed by Director General, Intelligence and Investigation Inland Revenue FBR and a domestic manufacturer of tiles where the agency sought expunction of the FTO observations regarding "unbri
Published 19 Apr, 2016 12:00am
Oil down but off lows as Kuwait strike offsets failed output freeze

Oil down but off lows as Kuwait strike offsets failed output freeze

Oil prices slid on Monday after a plan by major oil producers to freeze production was scuttled, but a Kuwaiti oil industry strike helped the market pare losses and settle off the day's lows. The strike crippled more than 60 percent of Kuwait's crude outp
Published 19 Apr, 2016 12:00am
US MIDDAY: wheat surges

US MIDDAY: wheat surges

Wheat futures on the Chicago Board of Trade surged more than 3 percent on Monday, heading for their biggest daily gains since October as investors liquidated a portion of the record-large short stake, traders said. Corn and soyabean futures each rose to f
Published 19 Apr, 2016 12:00am
US MIDDAY: gold down
Exchange

US MIDDAY: gold down

Gold steadied on Monday as the dollar fell against a basket of major currencies, world stock markets edged higher, and oil prices pared earlier losses that had been triggered by the failure by oil producers to agree an output freeze. Brent crude futures d
Published 19 Apr, 2016 12:00am
Qaisar Mufti's article and SECP's response

Qaisar Mufti's article and SECP's response

In its rejoinder through your columns, SECP has confirmed that they have confided in ICAP regarding the proposed company law. Probably, it would be in order that other interested quarters are also contacted and taken into confidence. SECP's tone appears p
Published 19 Apr, 2016 12:00am
Obama courts Gulf kings keen just to see him go

Obama courts Gulf kings keen just to see him go

President Barack Obama will make another trip to Riyadh to consult Washington's Gulf allies on the crises in Yemen and Syria this week, but may not receive a royal welcome. The king of Saudi Arabia and his regional allies have long been offended by the US
Published 19 Apr, 2016 12:00am
CPEC: A game changer across the continents

CPEC: A game changer across the continents

Besides India it is the UK which is not feeling comfortable with China-Pakistan Economic Corridor-based growing relationships. Background interaction with UK policy makers in Islamabad and elsewhere has revealed that the Britain considers the ongoing coop
Published 19 Apr, 2016 12:00am
Right to govern compromised
Exchange

Right to govern compromised

The Panama Leaks are now the topic of the day everywhere, and the revelations, particularly about politicians, are attracting public attention in countries with "democratic" dispensations. In the EU, worried politicians are contemplating laws whereby mult
Published 19 Apr, 2016 12:00am
OIC comes of age

OIC comes of age

For a change the Organisation of Islamic Conference (OIC) seems to be shedding its traditional composure and, if the joint statement issued after its 13th summit is any indication, it appears to have decided to call a spade a spade. Maybe, given the extre
Published 19 Apr, 2016 12:00am
LNG deal not yet on the website

LNG deal not yet on the website

The Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi had consistently maintained that commercial LNG deals are always undertaken in strict secrecy, as they are highly sensitive. This was the rationale he provided for his refusal to take t
Published 19 Apr, 2016 12:00am
Bomb rips through Jerusalem bus, 21 wounded

Bomb rips through Jerusalem bus, 21 wounded

A bomb blast ripped through a bus in Jerusalem on Monday and sparked a fire, wounding at least 21 people, Israeli police said, in an apparent escalation in a wave of violence. Details were still emerging, but police said a bomb had exploded on one bus in
Published 19 Apr, 2016 12:00am
Bomb rips through Jerusalem bus, 21 wounded

Bomb rips through Jerusalem bus, 21 wounded

A bomb blast ripped through a bus in Jerusalem on Monday and sparked a fire, wounding at least 21 people, Israeli police said, in an apparent escalation in a wave of violence. Details were still emerging, but police said a bomb had exploded on one bus in
Published 19 Apr, 2016 12:00am
Malaysia''s 1MDB defaults on $1 billion loan: Abu Dhabi fund
Exchange

Malaysia''s 1MDB defaults on $1 billion loan: Abu Dhabi fund

An Abu Dhabi sovereign-wealth entity said Monday that the Malaysian state fund 1MDB had defaulted on $1.1 billion it owed in a new blow to the scandal-tainted company. The announcement, made in a filing to the London Stock Exchange by Abu Dhabi-based Inte
Published 19 Apr, 2016 12:00am
Malaysia's 1MDB defaults on $1 billion loan: Abu Dhabi fund
Exchange

Malaysia's 1MDB defaults on $1 billion loan: Abu Dhabi fund

An Abu Dhabi sovereign-wealth entity said Monday that the Malaysian state fund 1MDB had defaulted on $1.1 billion it owed in a new blow to the scandal-tainted company. The announcement, made in a filing to the London Stock Exchange by Abu Dhabi-based Inte
Published 19 Apr, 2016 12:00am
The Weather

The Weather

The weather report on Monday (April 18, 2016) and the forecast for Tuesday (April 19, 2016).

Published 19 Apr, 2016 12:00am
Malaysia's 1MDB defaults on $1 billion loan: Abu Dhabi fund
Exchange

Malaysia's 1MDB defaults on $1 billion loan: Abu Dhabi fund

An Abu Dhabi sovereign-wealth entity said Monday that the Malaysian state fund 1MDB had defaulted on $1.1 billion it owed in a new blow to the scandal-tainted company. The announcement, made in a filing to the London Stock Exchange by Abu Dhabi-based Inte
Published 19 Apr, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (April 18, 2016).

Published 19 Apr, 2016 12:00am
July-March FDI up 15 percent

July-March FDI up 15 percent

Foreign Direct Investment (FDI) in the country posted an increase of 15 percent during the first nine months of this fiscal year (FY16). As the country is facing energy crisis for the last few years, most of foreign investors have focused power, oil and g
Published 19 Apr, 2016 12:00am
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