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Print - 2017-05-11
Malaysia appeals against Pyongyang match venue

Malaysia appeals against Pyongyang match venue

Malaysia has lodged an appeal against having to play an Asian Cup qualifier against North Korea in Pyongyang, Asian football's governing body said Wednesday. "There is an appeal from FAM. We are looking into it," said Windsor John, secretary-general of th
Published 11 May, 2017 12:00am
Paris 2024 bid hails 'dynamic' Macron

Paris 2024 bid hails 'dynamic' Macron

The Paris bid for the 2024 Olympics lavished praise Wednesday on incoming French President Emmanuel Macron, saying he was a boost to their chances of beating Los Angeles to the Games. The French capital is primed to receive a team of International Olympic
Published 11 May, 2017 12:00am
Pakistan frustrate West Indies in opening session

Pakistan frustrate West Indies in opening session

Pakistan negotiated a potentially tricky first session, reaching 70 for one on the first day of the third and final Test against the West Indies at Windsor Park in Dominica on Wednesday. After they were put in to bat, Shan Masood was the tourists' only ca
Published 11 May, 2017 12:00am
Eccentric French maths genius's 'scribblings' go online

Eccentric French maths genius's 'scribblings' go online

Nearly 18,000 pages of notes by eccentric French maths genius Alexandre Grothendieck were posted online Wednesday by his alma mater, Montpellier University in southern France. Grothendieck, who died aged 86 in 2014, "revolutionised an entire area of mathe
Published 11 May, 2017 12:00am
Germany to shut Berlin hostel over North Korea link

Germany to shut Berlin hostel over North Korea link

The German government said Wednesday it will shut down a Berlin hostel after it emerged that the site is North Korean embassy property and had been leased in violation of UN rules. Located downtown next to the gated North Korean embassy, Cityhostel Berlin
Published 11 May, 2017 12:00am
UN warns of massive displacement in Yemen

UN warns of massive displacement in Yemen

A UN official warned Wednesday that up to half a million people could be displaced as conflict escalates and the humanitarian situation worsens in Yemen's southwestern Taez province, mainly in Hodeida. "Between 100,000 and half a million people could be d
Published 11 May, 2017 12:00am
Yemen strongman Saleh open to talks with Saudi Arabia

Yemen strongman Saleh open to talks with Saudi Arabia

Yemen's ex-president Ali Abdullah Saleh is open to negotiations with rival Saudi Arabia, two years into a deadly war between Saleh's Huthi rebel allies and the Saudi-backed government. "We have no choice but dialogue," Saleh said at a meeting of his Gener
Published 11 May, 2017 12:00am
Kosovo government falls, snap election to follow

Kosovo government falls, snap election to follow

Kosovo's government collapsed Wednesday after it lost a confidence vote in parliament, a move expected to trigger a snap election after more than a year of political crisis in the tiny Balkan country. The ruling coalition had long been strained by growing
Published 11 May, 2017 12:00am
DJ Robert Miles, known for 'Children' dance anthem, dies

DJ Robert Miles, known for 'Children' dance anthem, dies

DJ Robert Miles, known worldwide for his million-selling dream-house track "Children", has died aged just 47 after a months-long battle with cancer, the online radio he founded said Wednesday. "Robert passed away peacefully last night after a courageous b
Published 11 May, 2017 12:00am
US offers $10 million reward for ex-Qaeda affiliate chief

US offers $10 million reward for ex-Qaeda affiliate chief

The United States is offering a $10 million reward for information to identify or locate the head of al Qaeda's former Syria affiliate the Fateh al-Sham Front. The State Department's Rewards for Justice reward for information on Abu Mohamed al-Jolani is i
Published 11 May, 2017 12:00am
Journalist arrested in West Virginia

Journalist arrested in West Virginia

The arrest of a journalist in the US state of West Virginia while asking a question of Secretary of Health and Human Services Tom Price yesterday is an affront to press freedom, the Committee to Protect Journalists said Wednesday. Police arrested Dan Heym
Published 11 May, 2017 12:00am
UK parliament terror suspect 'linked to Afghanistan'

UK parliament terror suspect 'linked to Afghanistan'

A man arrested near the British parliament last month was involved in bomb-making in Afghanistan in 2012, it was alleged Wednesday as he appeared in court on terrorism charges. Khalid Mohammed Omar Ali, 27, was arrested not far from Prime Minister Theresa
Published 11 May, 2017 12:00am
Tunisian president orders army to protect oil and gas fields

Tunisian president orders army to protect oil and gas fields

Tunisia's President Beji Caid Essebsi on Wednesday ordered the army to protect phosphate, gas and oil production facilities after protests aimed at disrupting output broke out in the south of the country. It is the first time troops in Tunisia will be dep
Published 11 May, 2017 12:00am
Tunisian president orders army to protect oil and gas fields

Tunisian president orders army to protect oil and gas fields

Tunisia's President Beji Caid Essebsi on Wednesday ordered the army to protect phosphate, gas and oil production facilities after protests aimed at disrupting output broke out in the south of the country. It is the first time troops in Tunisia will be dep
Published 11 May, 2017 12:00am
Turkey slams US arming Syrian Kurds in IS fight

Turkey slams US arming Syrian Kurds in IS fight

Turkey on Wednesday slammed as unacceptable a US plan to arm Syrian Kurdish fighters whom Ankara considers terrorists, but the militia applauded a "historic" move that would speed up the defeat of Islamic State (IS) extremists. The issue risks further sto
Published 11 May, 2017 12:00am
'No question' of breaking EU ties: Turkey

'No question' of breaking EU ties: Turkey

It is out of the question for Turkey to break off relations with the EU and it will press ahead with its membership bid, Turkish EU Affairs Minister Omer Celik said Wednesday. EU ties with Turkey have been strained to breaking point by a massive crackdown
Published 11 May, 2017 12:00am
US ready to add capabilities to deter Russia in Europe: Mattis

US ready to add capabilities to deter Russia in Europe: Mattis

Pentagon chief Jim Mattis on Wednesday said the United States and Nato are prepared to deploy any capabilities necessary to help beef up air defence systems in the Baltic region. Mattis's remarks come amid heightened tensions with Russia, which is prepari
Published 11 May, 2017 12:00am
Minister attributes high fertility rate to Sindh's problems

Minister attributes high fertility rate to Sindh's problems

Provincial Minister for Population Welfare and Department Mir Mumtaz Hussain Jakhrani has said that a rapid population growth and high fertility rate are the root cause of all socio-economic problems. This he said while addressing the ceremony of distribu
Published 11 May, 2017 12:00am
Goods transporters strike: exporters suffer Rs 6 billion loss a day

Goods transporters strike: exporters suffer Rs 6 billion loss a day

The continuing strike of the goods transporters left at least 10,000 cargo containers clogged at seaports and inflicted Rs 50 million demurrages on importers, sources told on Wednesday. Exporters reckon around Rs 6 billion of loss a day from the transport
Published 11 May, 2017 12:00am
Appointments case: LHC seeks reply from government

Appointments case: LHC seeks reply from government

The Lahore High Court has sought reply from the Punjab government and Higher Education Department by May 29 in a petition challenging appointments of director education (colleges) DG Khan and principal of Government College, Ravi Road. The petitioner, Muh
Published 11 May, 2017 12:00am
Organ-transplant scam: another suspect granted remand

Organ-transplant scam: another suspect granted remand

A judicial magistrate on Wednesday granted three-day remand of another suspect of illegal organ-transplant scandal Abdul Majeed to Federal Investigation Agency (FIA). Earlier FIA produced Abdul Majeed before the magistrate and stated that the suspect had
Published 11 May, 2017 12:00am
Siraj slams Nawaz for sending gifts to Modi

Siraj slams Nawaz for sending gifts to Modi

Chief of Jamaat-e-Islami, Senator Sirajul Haq has said that it was most shameful that while the brutalities of Indian occupation troops in Held Kashmir had crossed all limits, our Prime Minister Nawaz Sharif was sending saris and mangoes to Indian premier
Published 11 May, 2017 12:00am
Minister visits exam centre

Minister visits exam centre

Provincial Minister for Education and Literacy Jam Mehtab Hussain Dahar has directed the police officers not to allow any one to enter into college premises and take action against those who violated the law. He said no unauthorized persons are allowed to
Published 11 May, 2017 12:00am
MCB Bank launches second Digital Lounge

MCB Bank launches second Digital Lounge

MCB Bank, "Best Bank in Pakistan" inaugurated its second state-of-the-art Digital Lounge at Pakistan's premiere Retail Complex, Emporium Mall Lahore. Among many advanced digital facilities, the new Digital Lounge features a Video Contact Center, Interacti
Published 11 May, 2017 12:00am
PML-N leaders join PML-Q

PML-N leaders join PML-Q

Chaudhry Bashir Ahmad and Chaudhry Basharat, who are considered as "backbone" of N-League in Gujrat politics, called on Pakistan Muslim League Quaid-e-Azam (PML-Q) senior central leader Chaudhry Parvez Elahi and Chaudhry Wajahat Hussain at their residence
Published 11 May, 2017 12:00am
Corruption mars tractors subsidy scheme

Corruption mars tractors subsidy scheme

Corruption to the tune of billions of rupees was unearthed in the tractor subsidy scheme of the Sindh Agriculture Department, according to a statement issued by the Sindh Information Department on Wednesday Thorough enquiries were conducted into the matte
Published 11 May, 2017 12:00am
Letter to ICJ: India wants to divert world's attention: Asif

Letter to ICJ: India wants to divert world's attention: Asif

Defence Minister Khawaja Asif on Wednesday said that Indian letter to International Court of Justice (ICJ) on Kulbhushan Yadav is an attempt to divert attention from Indian state sponsored terrorism in Pakistan. In a tweet message, he said, "Kulbhushan is
Published 11 May, 2017 12:00am
Bid to smuggle heroin foiled

Bid to smuggle heroin foiled

The Airport Security Force (ASF) foiled a bid to smuggle 1.5 kilogram of Heroin to Qatar and arrested an accused at Islamabad airport on Wednesday. The ASF sources said that during search of baggage of a Qatar bound passenger at Benazir Bhutto Internation
Published 11 May, 2017 12:00am
Dawn Leaks: Nation being 'kept in the dark': Imran

Dawn Leaks: Nation being 'kept in the dark': Imran

Moments after Dawn Leaks issue was settled between the military and the government, Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan Wednesday reiterated his demand to make the inquiry report public, saying the nation is being 'kept in the dark.'
Published 11 May, 2017 12:00am
Imran says will show London flat money trail

Imran says will show London flat money trail

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Wednesday announced that he would produce before the Supreme Court the money trail for the purchase and sale of the London flat. In a series of tweets, the PTI chief said he would also show proof that
Published 11 May, 2017 12:00am
Budget preparation: government accused of not taking opposition on board

Budget preparation: government accused of not taking opposition on board

Major opposition parties in the parliament have accused the federal government of not taking them onboard in the budget preparation for fiscal year 2017-18 and vowed to expose its flawed policies and poor economic indicators during the budget debate. The
Published 11 May, 2017 12:00am
Budget preparation: government accused of not taking opposition on board

Budget preparation: government accused of not taking opposition on board

Major opposition parties in the parliament have accused the federal government of not taking them onboard in the budget preparation for fiscal year 2017-18 and vowed to expose its flawed policies and poor economic indicators during the budget debate. The
Published 11 May, 2017 12:00am
Dawn Leaks: Marriyum terms settlement of issue 'victory for Pakistan'

Dawn Leaks: Marriyum terms settlement of issue 'victory for Pakistan'

Minister of State for Information and Broadcasting Marriyum Aurangzeb called the settlement of the Dawn Leaks issue as a 'victory for Pakistan'. She said that it is Pakistan's victory where all institutions are working to strengthen democracy. While appre
Published 11 May, 2017 12:00am
Indian army officer found dead in Shopian

Indian army officer found dead in Shopian

An Indian army officer was found dead in Shopian district, the Kashmir Media Service (KMS) reported on Wednesday. The body of the Lieutenant rank officer with bullet wounds was found in Hermain area of the district, police said. The police said that the a
Published 11 May, 2017 12:00am
Shanghai copper rises
Exchange

Shanghai copper rises

The most-traded copper contract on the Shanghai Futures Exchange advanced 0.36 percent to 44,860 yuan ($6,496) a tonne on Wednesday amid ongoing concerns over rising supply and disappointing Chinese import data.
Published 11 May, 2017 12:00am
Copper vulnerable, signs of weak China demand weigh
Exchange

Copper vulnerable, signs of weak China demand weigh

Copper prices steadied on Wednesday near the four-month lows hit earlier this week as the market fretted about weak demand in top consumer China after data showed falling imports of the metal into the country.
Published 11 May, 2017 12:00am
Tokyo rubber flat
Exchange

Tokyo rubber flat

Benchmark Tokyo rubber futures erased early gains on Wednesday to end nearly flat after Shanghai futures hit a new eight-month low amid worries over supply glut.
Published 11 May, 2017 12:00am
China sells more corn from state reserves than expected

China sells more corn from state reserves than expected

China sold more than 80 percent of its corn from state reserves available at an auction on Friday, higher than market expectations, reflecting strong demand from feed producers and grain traders.
Published 11 May, 2017 12:00am
Raw sugar extends gains above 1-year low, robusta dips

Raw sugar extends gains above 1-year low, robusta dips

Raw sugar futures on ICE rose for the third straight session on Wednesday, as chart-based support boosted buyers' appetite though prices remained within sight of one-year lows, while robusta coffee was pressured by ample nearby supplies.
Published 11 May, 2017 12:00am
Gold falls to 8-week low in NY

Gold falls to 8-week low in NY

Gold dropped to an eight-week low on Tuesday as safe-haven demand continued to fade in the wake of Emmanuel Macron's victory in the French election and as expectations for tighter US monetary policy lifted bond yields.
Published 11 May, 2017 12:00am
Gold up in Asia

Gold up in Asia

Gold prices edged up on Wednesday from an eight-week low hit the session before, with the dollar slipping after US President Donald Trump abruptly dismissed FBI Director James Comey.
Published 11 May, 2017 12:00am
Gold rises in Europe

Gold rises in Europe

Gold edged off the previous day's eight-week low on Wednesday as US President Trump's abrupt firing of FBI chief James Comey weighed on US stocks, though gains were capped by expectations of further interest rate increases.
Published 11 May, 2017 12:00am
Corn up

Corn up

US corn futures rose more than 1 percent on Wednesday after the US Department of Agriculture's forecast for global inventories at the end of the 2017/18 marketing year fell below trade expectations.
Published 11 May, 2017 12:00am
US MIDDAY: gold eases

US MIDDAY: gold eases

Gold turned lower but held above the previous day's eight-week low on Wednesday as US President Trump's abrupt firing of FBI chief James Comey weighed on US stocks, though gains were capped by expectations of further interest rate increases.
Published 11 May, 2017 12:00am
Cotton futures fall after WASDE report
Cotton

Cotton futures fall after WASDE report

ICE cotton futures fell over 1 percent on Wednesday and hit a four-week low, hurt by a partly bearish monthly crop supply and demand report from the US government and liquidation by speculators. ICE cotton contract for July settled down 0.94 cent, or 1.21
Published 11 May, 2017 12:00am
Oil jumps on drop in US crude stocks, possible OPEC cut extension

Oil jumps on drop in US crude stocks, possible OPEC cut extension

Oil prices rose more than 3 percent on Wednesday, bolstered by the biggest one-week drop in US inventories so far this year, and after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts. Some analysts questioned the stayin
Published 11 May, 2017 12:00am
Nawaz's visit to help promote B&R initiative: China
Exchange

Nawaz's visit to help promote B&R initiative: China

Prime Minister Nawaz Sharif's visit to China and his participation in the Belt and Road Forum for International Cooperation scheduled to be held here on May 14 and 15, will boost the ongoing economic cooperation between China and Pakistan and further prom
Published 11 May, 2017 12:00am
PPP team meets Zardari

PPP team meets Zardari

A delegation comprised of office bearers and leaders of PPP Murree called on former President of Pakistan and President Pakistan Peoples Party Parliamentarians Asif Ali Zardari at Zardari House Islamabad on Wednesday. Nazir Abbasi, Asif Hussain Abbasi, Ma
Published 11 May, 2017 12:00am
CDWP approves seven uplift projects worth Rs 143.5 billion

CDWP approves seven uplift projects worth Rs 143.5 billion

The Central Development Working Party (CDWP) has approved seven development projects at an estimated cost of Rs 143.5 billion and out of them five important projects have been referred to the Executive Committee of National Economic Council (ECNEC) for fi
Published 11 May, 2017 12:00am
Low-priced cigarettes: IREN detects huge tax evasion in AJK

Low-priced cigarettes: IREN detects huge tax evasion in AJK

Cigarette manufactures in Azad Jammu & Kashmir (AJK) are supplying/selling huge quantity of low-priced cigarettes in Pakistan, resulting in dumping of tax evaded tobacco products, which has been detected by Inland Revenue Enforcement Network (IREN) a spec
Published 11 May, 2017 12:00am
Low-priced cigarettes: IREN detects huge tax evasion in AJK

Low-priced cigarettes: IREN detects huge tax evasion in AJK

Cigarette manufactures in Azad Jammu & Kashmir (AJK) are supplying/selling huge quantity of low-priced cigarettes in Pakistan, resulting in dumping of tax evaded tobacco products, which has been detected by Inland Revenue Enforcement Network (IREN) a spec
Published 11 May, 2017 12:00am
Nishat (Chunian) Limited
Mutual Funds

Nishat (Chunian) Limited

The fourth-largest textile company in Pakistan by sales, Nishat (Chunian) Limited (PSX: NCL) began its journey in 1990 with a spinning mill comprising of 14,400 spindles. Today, the company is a fully vertically integrated textile juggernaut, with a marke
Published 11 May, 2017 12:00am
Nishat (Chunian) Limited
Mutual Funds

Nishat (Chunian) Limited

The fourth-largest textile company in Pakistan by sales, Nishat (Chunian) Limited (PSX: NCL) began its journey in 1990 with a spinning mill comprising of 14,400 spindles. Today, the company is a fully vertically integrated textile juggernaut, with a marke
Published 11 May, 2017 12:00am
PN actively participates in census: Commander Karachi

PN actively participates in census: Commander Karachi

6th Population & Housing Census 2017 is in progress across the country. Being a national cause, Pakistan Navy is extending all out support by deploying more than three thousand PN personnel for enumeration duties and security of the field staff and, in co
Published 11 May, 2017 12:00am
'IRSA failed in judicious distribution of water'

'IRSA failed in judicious distribution of water'

The Pakistan Mutthida Kissan Mahaz (PMKM) alleged that the Indus River System Authority (IRSA) had failed in judicious distribution of water and expressed its apprehension that the issue may lead to a severe conflict between the provinces if not resolved
Published 11 May, 2017 12:00am
Dispute resolution/facilitation body formed

Dispute resolution/facilitation body formed

Dispute resolution/facilitation committee has been constituted comprising of custom officials and FCCI nominees, while additional collector custom Ghulam Mustafa and Deputy Collector Custom Falak Shair included. SVP FCCI Rao Sikandar Azam, Sheikh Ashfaq,
Published 11 May, 2017 12:00am
CPEC a golden opportunity to enhance agriculture exports: Bosan

CPEC a golden opportunity to enhance agriculture exports: Bosan

Federal Minister for National Food Security and Research Sikandar Hayat Bosan has said that the government was focusing on adoption of modern practices and technology in agricultural sector to boost country's economy. He was addressing national agribusine
Published 11 May, 2017 12:00am
Plans afoot to make country 'Asian Tiger': PM

Plans afoot to make country 'Asian Tiger': PM

Prime Minister Nawaz Sharif Wednesday said his government was building the real new Pakistan and taking all steps to make it an "Asian Tiger". He while inspecting progress on the M3 Section said, he was pleased to note the pace of construction and its hig
Published 11 May, 2017 12:00am
APCA holds rally for 50 percent increase in salaries

APCA holds rally for 50 percent increase in salaries

All Pakistan Clerks Association (APCA) on Wednesday has staged a protest rally in Multan to press the authorities for 50 percent increase in their salaries keeping in view the price hike of essential commodities, withdrawal of sales tax on edibles and dai
Published 11 May, 2017 12:00am
NAB arrests co-accused in Rs 15.6 billion DHA City scam

NAB arrests co-accused in Rs 15.6 billion DHA City scam

The National Accountability Bureau (NAB) has arrested Muhammad Murad Arshad, Director of Glubeco (pvt) Company, in renowned 'DHA City Housing Society Case'. His arrest would prove a development towards proper resolution of the said Rs 15.6 billion scam in
Published 11 May, 2017 12:00am
Zameen.com's signature event to begin on May 13

Zameen.com's signature event to begin on May 13

Zameen.com, Pakistan's largest real estate portal, will organize its signature event, Zameen.com Property Expo 2017, in Lahore on May 13 and 14, at the Expo Centre. The two-day event will feature 110 exhibitors which will include reputable agents, top dev
Published 11 May, 2017 12:00am
PLDDB, WCCIB sign MoU to empower rural women

PLDDB, WCCIB sign MoU to empower rural women

Punjab Livestock & Dairy Development Board and Women Chamber of Commerce and Industry Bahawalpur Division (WCCIB) have signed a Memorandum of Understanding to empower female farmers in livestock and related fields. Both organizations mutually agreed to wo
Published 11 May, 2017 12:00am
Jhagra attends moot in Indonesia

Jhagra attends moot in Indonesia

KP Governor, Engineer Iqbal Zafar Jhagra is on a two-day visit to Indonesia for participation in Bonn Challenge Asia Regional High Level Roundtable Conference 2017. During the two-day event, an exhibition was also arranged by the Ministry of Environment a
Published 11 May, 2017 12:00am
ICT R&D approves incubation centres for three cities

ICT R&D approves incubation centres for three cities

The National ICT Research and Development (R&D) Fund (Ignite) Company's Board on Wednesday approved contracts for establishment of three incubation centres to be built in Lahore, Karachi and Peshawar. The decision was taken in the 52nd Board of Directors
Published 11 May, 2017 12:00am
YDA KP asks government not to make changes in PGMI

YDA KP asks government not to make changes in PGMI

Young Doctors Association (YDA) Khyber Pakhtunkhwa has warned the provincial government to avoid any kind of changes in the postgraduate medical institute (PGMI) otherwise the doctors community will announce province-wide protest after one week.
Published 11 May, 2017 12:00am
CPEC to benefit three billion people: Sartaj

CPEC to benefit three billion people: Sartaj

The two-day international conference on "China-Pakistan Economic Corridor (CPEC) Corridor of Prosperity Through Education and Business," organized by Peace & Conflict Study Department of National University of Modern Languages (NUML) started Wednesday. Ad
Published 11 May, 2017 12:00am
Farmers voice concern over sale of adulterated dairy products

Farmers voice concern over sale of adulterated dairy products

Farmers have expressed serious concern over sale of adulterated dairy products in open market, and urged the government to devise effective mechanism for ensuring proper checking of contaminated dairy-milk supplied from Punjab to parts of Khyber Pakhtunkh
Published 11 May, 2017 12:00am
Work on mining lease: tribal elders warn government of protest

Work on mining lease: tribal elders warn government of protest

Elders from four different tribes of Ghando area of central Kurram Agency have warned the government for launching of protest against the prolonged suspension of work on mining lease in the region. Speaking at a news conference at Peshawar Press Club on W
Published 11 May, 2017 12:00am
Electronics firm's MD, CFO & director nabbed on tax fraud charges

Electronics firm's MD, CFO & director nabbed on tax fraud charges

Directorate of Intelligence & Investigation, Inland Revenue, Lahore on Tuesday arrested managing director, chief financial officer and director of an electronics company allegedly involved in massive sales tax evasion/tax fraud.
Published 11 May, 2017 12:00am
Indonesia to offer fellowship to SU students: CG

Indonesia to offer fellowship to SU students: CG

Indonesian Consul General in Karachi Dempo Awang Yuddie has said that Indonesia will soon offer fellowship for the students and faculty members of Sindh University in order to provide them with an opportunity to study in Indonesian top universities and pu
Published 11 May, 2017 12:00am
Security beefed-up for Urs of Hazrat Abdullah Shah Ashabi

Security beefed-up for Urs of Hazrat Abdullah Shah Ashabi

Special Assistant of Chief Minister Sindh for Auqaf Syed Ghulam Shah Jeelani has said that strict security measures have been taken on the eve of 378th annual festival (Urs) of Hazrat Abdullah Shah Ashabi at his shrine and said all relevant officers of hi
Published 11 May, 2017 12:00am
Sindh government's performance lags behind Punjab, KP: report

Sindh government's performance lags behind Punjab, KP: report

Economist Dr Khalil Ahmad said here that Sindh government was lagging behind in its performance and Punjab was leading among all the four provinces, while Khyber Pakhtunkhwa was catching up fast. In his report titled "Provincial Tracking Report", launched
Published 11 May, 2017 12:00am
MAP elects office-bearers

MAP elects office-bearers

Management Association of Pakistan (MAP) in its Executive Committee meeting held on 4th May 2017 elected Asif Ikram as the President of the Association for the year 2017-18. Amir Jamil Abbasi was elected as Vice President, Sarmad Ali as Honorary Secretary
Published 11 May, 2017 12:00am
Government urged to extend urea export deadline

Government urged to extend urea export deadline

Fertilizer manufacturers have asked the government to extend the urea export deadline until December 2017 to be able to get rid of their surplus production. "We urged the government to extend the deadline in April, but they haven't responded," Engro Ferti
Published 11 May, 2017 12:00am
Rs 7 million looted in bank heist

Rs 7 million looted in bank heist

Armed men looted around Rs 7 million from a private bank branch here in the jurisdictions of Khwaja Ajmer Nagri police station on Wednesday. Station House Officer, (SHO) Asif Munawar, told Business Recorder that the incident took place at around 10
Published 11 May, 2017 12:00am
OMD, Google launch Pakistan's first programmatic campaign
Exchange

OMD, Google launch Pakistan's first programmatic campaign

With the rapid growth in the digital universe and digital media buying continuously finding its way towards automation in Pakistan, OMD Pakistan, part of Omnicom Media Group, along with Google became the first agency to launch a Programmatic Campaign loca
Published 11 May, 2017 12:00am
Ties with China are beyond CPEC, says Murad

Ties with China are beyond CPEC, says Murad

Sindh Chief Minister Syed Murad Ali Shah has said that Pakistan Peoples Party believes that CPEC can act as a force multiplier for Pakistan. It is not merely a road construction project, rather a long term strategic development agenda. "I would say that o
Published 11 May, 2017 12:00am
Lyari 'gangsters' held

Lyari 'gangsters' held

Sindh Rangers on Wednesday arrested three accused belonging to Lyari Gang war during a raid at Lyari area of Karachi. According to the Spokesman of Sindh Rangers, huge quantity of arms and ammunition has also been recovered. The Spokesman said recovered w
Published 11 May, 2017 12:00am
Allianz EFU to launch Window Takaful operations
Exchange

Allianz EFU to launch Window Takaful operations

Allianz EFU Health Insurance Ltd, the first specialized health insurance company in Pakistan introduced Window Takaful Operations, licensed by the Securities & Exchange Commission of Pakistan (SECP). Allianz EFU Window Takaful Operations will be available
Published 11 May, 2017 12:00am
Allianz EFU to launch Window Takaful operations
Exchange

Allianz EFU to launch Window Takaful operations

Allianz EFU Health Insurance Ltd, the first specialized health insurance company in Pakistan introduced Window Takaful Operations, licensed by the Securities & Exchange Commission of Pakistan (SECP). Allianz EFU Window Takaful Operations will be available
Published 11 May, 2017 12:00am
Branchless banking: budget-makers review proposal

Branchless banking: budget-makers review proposal

Budget makers are reviewing proposals to promote branchless banking in the upcoming budget (2017-18), it is learnt. Sources told Business Recorder here on Wednesday that under the National Financial Inclusion Strategy (NFIS), the government wants t
Published 11 May, 2017 12:00am
Branchless banking: budget-makers review proposal

Branchless banking: budget-makers review proposal

Budget makers are reviewing proposals to promote branchless banking in the upcoming budget (2017-18), it is learnt. Sources told Business Recorder here on Wednesday that under the National Financial Inclusion Strategy (NFIS), the government wants t
Published 11 May, 2017 12:00am
'Power sector: legal conundrum'

'Power sector: legal conundrum'

This is apropos a Business Recorder op-ed "Power sector: legal conundrum" carried by the newspaper on Sunday. The writer, Barrister Asghar Khan, has raised a highly important point in relation to the power law. According to him, "It will be a great
Published 11 May, 2017 12:00am
South Korea's Moon to seek change with North

South Korea's Moon to seek change with North

The election of South Korea's new president Moon Jae-In heralds a sea change in Seoul's approach towards the nuclear-armed North - and puts it on a potential collision course with Washington.
Published 11 May, 2017 12:00am
For one Chinese city, new 'Silk Road' leaves old problems unsolved

For one Chinese city, new 'Silk Road' leaves old problems unsolved

In August 2014, planners in the north-eastern Chinese city of Hunchun argued in state media that it should be included in the "One Belt, One Road" project, Beijing's vision laid out the previous year of a new Silk Road across Asia to Europe.
Published 11 May, 2017 12:00am
Who is afraid of PPP?
Exchange

Who is afraid of PPP?

We have toyed with Public-Private Partnership (PPP) in the past, mostly through the BOT (build, operate, transfer) mode. Now PPP seems to be getting mainstreamed. Both Punjab and Sindh have dedicated PPP units that already have a few PPP projects under th
Published 11 May, 2017 12:00am
Iran's uncalled-for threat

Iran's uncalled-for threat

After India and Afghanistan, it is Iran now to hurl threats at Pakistan. Jolted as it is, over the recent attack by the Jaish-ul-Adl, the Iranian army chief warned that Tehran would hit bases inside Pakistan if the Pakistan government does not confront Ja
Published 11 May, 2017 12:00am
Moody's rating
Exchange

Moody's rating

The well-known credit rating agency Moody's has supported Pakistan's B3 rating premised on a high growth rate but cautioned that serious challenges like the debt burden, weak physical and social infrastructure, fragile external payment position and high p
Published 11 May, 2017 12:00am
Ramazan Bazaars: meeting held to review arrangements

Ramazan Bazaars: meeting held to review arrangements

Mayor Lahore Colonel Mubashir Javed (Retd) jointly chaired a meeting to review the final briefings of all allied departments for the arrangements of 31 Ramazan Bazaars being set up in different parts of the provincial capital till May 24. While addressing
Published 11 May, 2017 12:00am
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