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Print - 2017-05-31
Zverev, Konta flop, Del Potro returns at French Open
Kerb

Zverev, Konta flop, Del Potro returns at French Open

Alexander Zverev, the man seen as a potential French Open champion, crashed out in the first round Tuesday while Johanna Konta became the second top 10 women's player to exit. Zverev, just 20 and fresh from his sensational Rome Masters demolition of Novak
Published 31 May, 2017 12:00am
Police reveal Manchester attacker's petty criminal past

Police reveal Manchester attacker's petty criminal past

British police revealed the Manchester suicide bomber's petty criminal past on Tuesday as the train station next to the scene of last week's attack reopened for the first time since the carnage at a pop concert that left 22 people dead. Police said 22-yea
Published 31 May, 2017 12:00am
May blasts opponent on Brexit as poll lead narrows

May blasts opponent on Brexit as poll lead narrows

British Prime Minister Theresa May attacked opposition leader Jeremy Corbyn on Tuesday for being unprepared for Brexit, as her Conservative party's poll lead narrowed further ahead of next week's election. May said that while she was ready for negotiation
Published 31 May, 2017 12:00am
Sri Lanka appeals for help as floods foul water supply

Sri Lanka appeals for help as floods foul water supply

Sri Lanka appealed Tuesday for volunteers to help with a massive clean-up after landslides and floods left at least 193 dead and tens of thousands without safe drinking water. The government sought help to purify wells contaminated by the floods, the wors
Published 31 May, 2017 12:00am
Soldier killed, five injured in Russian crash landing

Soldier killed, five injured in Russian crash landing

A Russian serviceman was killed and five others injured Tuesday when their transport plane crash landed and caught fire after a training flight near the central city of Saratov, authorities said. Russia's defence ministry said the incident, which took pla
Published 31 May, 2017 12:00am
First Japanese to report Hiroshima atomic bomb dies

First Japanese to report Hiroshima atomic bomb dies

Yoshie Oka, the first person to raise the alarm outside Hiroshima that the Japanese city had been hit by an atomic bomb, has died aged 86, media and acquaintances said Tuesday. Oka was 14 years old on August 6, 1945 and working in Hiroshima as a communica
Published 31 May, 2017 12:00am
Belgian PM deafened by royal starting gun

Belgian PM deafened by royal starting gun

Belgian Prime Minister Charles Michel has suffered partial hearing loss after Princess Astrid fired the starting pistol for a running race next to his ear, his spokesman said Tuesday. Michel can be seen grimacing with pain in a picture taken as Astrid, th
Published 31 May, 2017 12:00am
Ufone supports cause of educating street children

Ufone supports cause of educating street children

Continuing to act in the true spirit of Ramazan, of caring and giving, Ufone on Tuesday announced that like last year, this year too it will be supporting a noble cause. Ufone will support the inspiring cause of Syeda Anfas Ali Shah, by purchasing media s
Published 31 May, 2017 12:00am
Power crisis: MQM-P demands resignation of Asif, Abid Sher

Power crisis: MQM-P demands resignation of Asif, Abid Sher

Muttahida Qaumi Movement (MQM) Pakistan has demanded that state minister Abid Sher Ali and water and power minister Khawaja Asif to tender their resignations over inefficient policies and failure to end power outages in Ramazan. While addressing a press c
Published 31 May, 2017 12:00am
Tobacco control advocates slam government for lowering cigarette prices

Tobacco control advocates slam government for lowering cigarette prices

While criticizing the government for lowering the cigarette prices to that of counterfeit brands in the proposed budget, the tobacco control advocates said that this will only increase the number of child smokers in the country. On the eve of World No Tob
Published 31 May, 2017 12:00am
NAB decides to file two corruption references

NAB decides to file two corruption references

The Executive Board Meeting (EBM) of National Accountability Bureau (NAB) was held under the Chairmanship of Qamar Zaman Chaudhry, Chairman NAB at NAB Headquarter. The following decisions were taken during the Executive Board Meeting (EBM). The Executive
Published 31 May, 2017 12:00am
Man guilty of libel over Facebook 'likes': Swiss court
Exchange

Man guilty of libel over Facebook 'likes': Swiss court

In a landmark ruling, a Swiss court has fined a man for "liking" comments on Facebook accusing an animal rights activist of being a "racist" and an "anti-Semite". In the first case of its kind in Switzerland, the Zurich district court on Monday faulted a
Published 31 May, 2017 12:00am
'Jihadist drug' seized for first time in France

'Jihadist drug' seized for first time in France

French customs officials said Tuesday that they had intercepted 135 kilogrammes (300 pounds) of Captagon, dubbed the "jihadists' drug", at Paris's Charles de Gaulle airport this year, a first for France. Captagon, a type of amphetamine, is one of the most
Published 31 May, 2017 12:00am
Nepal army plane crashes, killing pilot

Nepal army plane crashes, killing pilot

A Nepal army plane crashed Tuesday, killing the pilot and injuring the two other crew members on board, a local official said. The Poland-made Skytruck overturned and caught fire after it overshot the runway after attempting to land, said Devendra Lamicha
Published 31 May, 2017 12:00am
58 migrants perish in Mediterranean in a week, 100 missing

58 migrants perish in Mediterranean in a week, 100 missing

At least 58 migrants, including many children, perished in the Mediterranean last week trying to reach Italy, while 100 more are still missing, according to new figures published on Tuesday. About 10,000 people were rescued off the coast of Libya over fou
Published 31 May, 2017 12:00am
Ministers paint stark picture of Syria economy

Ministers paint stark picture of Syria economy

With oil production at its lowest in years, a total halt in phosphate exports and power generation sharply reduced, Syria's economy is on its knees, government ministers have said. The ministers were speaking at a conference hosted by the British Syrian S
Published 31 May, 2017 12:00am
Putin talks Syria, oil with powerful Saudi prince

Putin talks Syria, oil with powerful Saudi prince

Russian President Vladimir Putin on Tuesday discussed cooperation on oil and the conflict in Syria with powerful Saudi Deputy Crown Prince Mohammed bin Salman at a meeting in the Kremlin. Oil producers within and outside the Opec cartel last week agreed t
Published 31 May, 2017 12:00am
Putin talks Syria, oil with powerful Saudi prince

Putin talks Syria, oil with powerful Saudi prince

Russian President Vladimir Putin on Tuesday discussed cooperation on oil and the conflict in Syria with powerful Saudi Deputy Crown Prince Mohammed bin Salman at a meeting in the Kremlin. Oil producers within and outside the Opec cartel last week agreed t
Published 31 May, 2017 12:00am
Shutdown for 50th anniversary of Biafra declaration

Shutdown for 50th anniversary of Biafra declaration

Shops, schools and businesses were shut in southeast Nigeria on Tuesday, 50 years to the day since the declaration of an independent republic of Biafra sparked a brutal civil war. In Onitsha, the economic hub of Anambra state on the banks of the River Nig
Published 31 May, 2017 12:00am
Former Panamanian dictator dies

Former Panamanian dictator dies

Panama's former dictator Manuel Noriega, who was on the CIA payroll, ousted from power by US troops in 1989, and spent years in prison for drug trafficking and money laundering, has died aged 83, authorities said. Noriega died in Panama City's Santo Tomas
Published 31 May, 2017 12:00am
North Korea says ballistic missile test successful

North Korea says ballistic missile test successful

North Korea said Tuesday its test-firing of a precision-guided ballistic missile was a success, a day after the projectile landed in waters provocatively close to Japan. The North's leader Kim Jong-Un had supervised the launch of the "new-type precision-g
Published 31 May, 2017 12:00am
Baghdad blasts kill 27 as Iraq forces battle IS in Mosul

Baghdad blasts kill 27 as Iraq forces battle IS in Mosul

Suicide bombings claimed by the Islamic State group killed at least 27 people in Baghdad, officials said on Tuesday, as Iraqi forces fight to retake the last jihadist-held areas in Mosul. In the deadlier of the two attacks, a suicide bomber detonated an e
Published 31 May, 2017 12:00am
Poland extradites Austrian over Ukraine atrocities

Poland extradites Austrian over Ukraine atrocities

An Austrian suspected of war crimes in eastern Ukraine's civil war pitting government forces against Russian-backed separatists has been extradited from Poland, Austrian prosecutors said Tuesday. The 25-year-old, named as Benjamin F., was detained in late
Published 31 May, 2017 12:00am
Trump's communications director resigns as staff shake-up looms

Trump's communications director resigns as staff shake-up looms

The White House on Tuesday said communications director Mike Dubke has resigned, the first in what is expected to be a series of moves to shake up Donald Trump's press team. Dubke, 47, occupied the high-powered but low-profile, post for three crisis-fille
Published 31 May, 2017 12:00am
Trump lashes out at Germany over trade and Nato, promises 'change'

Trump lashes out at Germany over trade and Nato, promises 'change'

Relations between the United States and Germany veered further toward crisis on Tuesday as President Donald Trump complained about the US trade deficit with Germany and said it must pay more for the Nato military alliance. His censure follows a volley of
Published 31 May, 2017 12:00am
Oil prices slide on worries Libya output will feed glut

Oil prices slide on worries Libya output will feed glut

Oil prices fell about 1 percent on Tuesday, on signs of resurgent crude output in Libya and concerns that extended production cuts by leading exporting countries may not be enough to drain a global glut that has depressed prices for almost three years. Br
Published 31 May, 2017 12:00am
US MIDDAY: soybeans plunge

US MIDDAY: soybeans plunge

US soybean futures fell to their lowest level in nearly 14 months on Tuesday on better-than-expected weather conditions over a long holiday weekend and worries about export demand for new-crop supplies, analysts said. Corn and wheat futures were down abou
Published 31 May, 2017 12:00am
US MIDDAY: gold eases

US MIDDAY: gold eases

Gold prices eased after hitting a one month high on Tuesday as economic data from the United States showed increased signs that the Federal Reserve would raise interest rates next month. US consumer spending recorded its biggest increase in four months in
Published 31 May, 2017 12:00am
Nadra to set up mega centres: Nisar

Nadra to set up mega centres: Nisar

The National Database and Registration Authority (NADRA) will establish nine mega centres with modern facilities to provide better services to masses. This was stated by Interior Minister Chaudhry Nisar Ali Khan here on Tuesday while inaugurating NADRA Me
Published 31 May, 2017 12:00am
Shahbaz accords approval to make record of ownership deeds

Shahbaz accords approval to make record of ownership deeds

Punjab Chief Minister Shahbaz Sharif Tuesday accorded approval to make the record of ownership deeds available online through official website and also to launch mobile service for the provision of ownership deeds and other revenue related documents. Chai
Published 31 May, 2017 12:00am
Shahbaz accords approval to make record of ownership deeds

Shahbaz accords approval to make record of ownership deeds

Punjab Chief Minister Shahbaz Sharif Tuesday accorded approval to make the record of ownership deeds available online through official website and also to launch mobile service for the provision of ownership deeds and other revenue related documents. Chai
Published 31 May, 2017 12:00am
IR-EN exposes supply line of non-duty paid cigarettes

IR-EN exposes supply line of non-duty paid cigarettes

While curbing the illicit trade of non-duty paid cigarettes, the subsidiary body of Federal Board of Revenue (FBR), Inland Revenue Enforcement Network (IR-EN) has exposed the supply line of non-duty paid cigarettes as seizing three loaded trucks manufactu
Published 31 May, 2017 12:00am
DG Khan Cement
Mutual Funds

DG Khan Cement

History and ownership: DG Khan Cement Company Limited (PSX: DGKC) was established in Dera Ghazi Khan under the control of State Cement Corporation of Pakistan Limited (SCCP) in 1978 and started manufacturing operations in 1986 with a production cap
Published 31 May, 2017 12:00am
DG Khan Cement
Mutual Funds

DG Khan Cement

History and ownership: DG Khan Cement Company Limited (PSX: DGKC) was established in Dera Ghazi Khan under the control of State Cement Corporation of Pakistan Limited (SCCP) in 1978 and started manufacturing operations in 1986 with a production cap
Published 31 May, 2017 12:00am
'Country badly needs at least 15 new cancer hospitals'

'Country badly needs at least 15 new cancer hospitals'

Chairman of Board of Management of Nishtar Hospital and Dentistry Multan has said that there was dire need of at least 15 new cancer hospitals in the country. Forty percent of cancers diagnosed in the World may have a link to tobacco use. Tobacco use is t
Published 31 May, 2017 12:00am
Export target difficult to achieve: Aptma
Cotton

Export target difficult to achieve: Aptma

The All Pakistan Textile Mills Association (APTMA) spokesman has said that it is impossible to achieve the export target of 12 percent of GDP, given the non-serious attitude of the government. The target cannot be achieved by allocating merely Rs 4 billio
Published 31 May, 2017 12:00am
FJMU Syndicate approves various vacancies

FJMU Syndicate approves various vacancies

Fatima Jinnah Medical University Syndicate which met here on Tuesday with provincial Minister Specialized Healthcare and Medical Education Khawaja Salman Rafiq, in the chair accorded approval for the vacancies of professors, associate professors, medial o
Published 31 May, 2017 12:00am
Crackdown against fake Zamzam water launched

Crackdown against fake Zamzam water launched

In a crackdown against black market for Zamzam water in Saudi Arabia, authorities have destroyed thousands of bottles and numerous illegal refilling plants. In order to halt the black market from flourishing and ensure the provision of pure Zamzam water t
Published 31 May, 2017 12:00am
Crackdown against fake Zamzam water launched

Crackdown against fake Zamzam water launched

In a crackdown against black market for Zamzam water in Saudi Arabia, authorities have destroyed thousands of bottles and numerous illegal refilling plants. In order to halt the black market from flourishing and ensure the provision of pure Zamzam water t
Published 31 May, 2017 12:00am
Punjab budget for 2017-18 on June 2

Punjab budget for 2017-18 on June 2

The Punjab budget for financial year 2017-18 will be presented in the provincial assembly of Punjab on June 2. Finance Minister Dr Ayesha Ghous Pasha will present the budget. Sources said that no new tax will be levied in the upcoming budget while sales t
Published 31 May, 2017 12:00am
Punjab budget for 2017-18 on June 2

Punjab budget for 2017-18 on June 2

The Punjab budget for financial year 2017-18 will be presented in the provincial assembly of Punjab on June 2. Finance Minister Dr Ayesha Ghous Pasha will present the budget. Sources said that no new tax will be levied in the upcoming budget while sales t
Published 31 May, 2017 12:00am
Punjab government to review its forest policy

Punjab government to review its forest policy

The Punjab government has decided to revamp its 'forest policy' after every 10 years to make it in line with the contemporary needs. Improvements and changes introduced in the federal forest policy will also be incorporated in to the Punjab forest policy.
Published 31 May, 2017 12:00am
Efforts under way for empowerment of women: minister

Efforts under way for empowerment of women: minister

Punjab Minister for Women Development Department Hameeda Waheed Uddin said that government has taken a number of solid steps for women empowerment with a view to bring them into the national mainstream. She said this while speaking at the inauguration of
Published 31 May, 2017 12:00am
Punjab to set up technical, vocational training university: minister

Punjab to set up technical, vocational training university: minister

Provincial Minister for Schools Education Rana Mashhood Ahmed Khan has said that Punjab government has decided in principle to establish technical and vocational educational university in the province. Keeping in view the importance of this vital institut
Published 31 May, 2017 12:00am
Met office forcasts rain

Met office forcasts rain

Met office has predicted drop in mercury, followed by rain the provincial metropolis on Tuesday night. They said thunderstorm would hit city by the evening that would be followed by scattered rains. Meanwhile, the met office recorded a minimum of 29 degre
Published 31 May, 2017 12:00am
Gujranwala Medical College to start kidney transplantation

Gujranwala Medical College to start kidney transplantation

Principal Gujranwala Medical College Professor Aftab Mohsin disclosed that hospital has completed the criteria of Punjab Human Organs Transplantation Authority and the first kidney transplantation would be carried out in the month of July.
Published 31 May, 2017 12:00am
SCBAP condemns misbehaviour with SC Judge, family

SCBAP condemns misbehaviour with SC Judge, family

Supreme Court Bar Association of Pakistan (SCBAP) has strongly condemned the incident of misbehavior, harassment and manhandling with honorable Justice Tariq Masood, Judge Supreme Court of Pakistan and his family by some unidentified persons and their gua
Published 31 May, 2017 12:00am
Establishment of EXIM Bank a positive step: FCCI chief

Establishment of EXIM Bank a positive step: FCCI chief

Establish-ment of EXIM Bank of Pakistan Limited is a positive step in right direction to give infrastructural support to the exports and imports from Pakistan, however, to fully achieve its objective, real stakeholders must be included in its Board of Dir
Published 31 May, 2017 12:00am
Establishment of EXIM Bank a positive step: FCCI chief

Establishment of EXIM Bank a positive step: FCCI chief

Establish-ment of EXIM Bank of Pakistan Limited is a positive step in right direction to give infrastructural support to the exports and imports from Pakistan, however, to fully achieve its objective, real stakeholders must be included in its Board of Dir
Published 31 May, 2017 12:00am
'International standards on humanitarian essential for Pakistan'

'International standards on humanitarian essential for Pakistan'

Following the international standards on humanitarian work is essential for Pakistan, as the country is prone to natural and man-made disasters, however the relevant relief agencies need to work in coordination for widespread observance of international s
Published 31 May, 2017 12:00am
Rest houses of Galiyat handed over to GDA

Rest houses of Galiyat handed over to GDA

The Tourism Department has handed over the administrative control of rest-houses to the Galiyat Development Authority (GDA) in a bid to further boost tourism in the province by providing tourists with a comfortable stay in the scenic region.
Published 31 May, 2017 12:00am
KP CM approves new sketch of ADP for fiscal 2017-18

KP CM approves new sketch of ADP for fiscal 2017-18

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has approved the new sketch of Annual Development Programme (ADP) for the year 2017-18, adding the ADP is need driven and public welfare oriented nature. He directed to prefer the completion of ongoing sche
Published 31 May, 2017 12:00am
KP governor directs Pesco to minimise power outages

KP governor directs Pesco to minimise power outages

Governor, Khyber Pakhtunkhwa, Iqbal Zafar Jhagra while taking notice of unscheduled load-shedding has directed the Pesco authorities to ensure minimum power outages in the province. He said Pesco authorities should make their administration more transpare
Published 31 May, 2017 12:00am
Zaib Alam murder: KP lawyers boycott court proceedings in protest

Zaib Alam murder: KP lawyers boycott court proceedings in protest

Lawyers across Khyber Pakhtunkhwa boycotted court proceedings on Tuesday to protest against the murder of their colleague Advocate Zaib Alam in Mardan. The Peshawar High Court Bar Association gave the strike call. The lawyers did not appear before courts
Published 31 May, 2017 12:00am
Curfew, stringent restrictions continue in IoK

Curfew, stringent restrictions continue in IoK

Curfew and stringent restrictions continue in the Indian occupied Kashmir (IoK) on the third consecutive day, Tuesday, to prevent people from conducting a march towards Tral town. Call for the march has been given by the joint resistance leadership to pay
Published 31 May, 2017 12:00am
Two volunteers of pro-government militia killed in mine blast

Two volunteers of pro-government militia killed in mine blast

Two volunteers of pro-government militia, Tawheed-ul-Islam (TI) killed and one sustained injuries in mine blast that took place in Narai Kandow area of Tirah valley, Khyber Agency. The administration and Levies sources told that last night the supporters
Published 31 May, 2017 12:00am
Corruption cases worth Rs 3.5 billion submitted to courts

Corruption cases worth Rs 3.5 billion submitted to courts

National Accountability Bureau (NAB) Khyber Pakhtunkhwa has prepared corruption cases to the tune of Rs 3.5 billion and submitted with accountability courts for taking action against the corrupt elements. This was said by Director General National Account
Published 31 May, 2017 12:00am
JS Bank wins 'Clean Energy Branches Award'

JS Bank wins 'Clean Energy Branches Award'

JS Bank has been awarded with "Clean Energy Branches Award" at the 6th Energy Awards organized by The Pak Energy Review. Mustafa Brohi, Senior Vice President- Marketing and Brand Management JS Bank received the award on behalf of the Bank. The award recog
Published 31 May, 2017 12:00am
SAI urges KE to reduce power outages in industrial areas

SAI urges KE to reduce power outages in industrial areas

The industrial sector has sounded alarm bell of massive closure of industries in Karachi if the K-Electric (KE) carrying 12 out hours unannounced load-shedding in industrial areas rendering massive unemployment and export orders would not completed. Indus
Published 31 May, 2017 12:00am
KE's poor services root cause of people's sufferings: Murad

KE's poor services root cause of people's sufferings: Murad

Sindh Chief Minister Syed Murad Ali Shah has said that K-Electric's poor services have rendered the people in the city to suffer sizzling weather. This he said while talking to media just after inaugurating Pediatric Emergency Room established by Child Li
Published 31 May, 2017 12:00am
Research project to diagnose, cure epidemic diseases launched

Research project to diagnose, cure epidemic diseases launched

Special Assistant to Chief Minister Sindh for Information, Science & Technology Dr Sikander Shoro has said that Sindh government has launched a research project of Rs 20 million to diagnose, cure epidemic diseases including leishmaniasis, Candidiasis and
Published 31 May, 2017 12:00am
Sharjeel asks Nisar to include Hussain's name in ECL

Sharjeel asks Nisar to include Hussain's name in ECL

Former provincial information minister Sharjeel Memon on Tuesday challenged Interior Minister Chaudhary Nisar to include Prime Minister Nawaz Sharif's son Hussain Nawaz's name in Exit Control List (ECL). Talking to media after the hearing of corruption re
Published 31 May, 2017 12:00am
Heatwave may persists during Ramazan

Heatwave may persists during Ramazan

Heat wave spell is likely to continue during Ramazan as hot weather simmered the city on Tuesday. Temperature in Jiwani surged all time high to maximum 48 degrees Celsius breaking the previous one of 45.7 on May 25, 1992, the Met Office said. Sizzling wea
Published 31 May, 2017 12:00am
Shortage of poultry products feared

Shortage of poultry products feared

Delay in clearance of poultry feed ingredients by Customs authorities at ports may engender shortage of poultry products in Ramazan and thereafter. Industry sources said that in the fiscal budget for the year 2017-18, the federal government has given ince
Published 31 May, 2017 12:00am
PSX signs memo with GCCI to promote SME Board
Exchange

PSX signs memo with GCCI to promote SME Board

Pakistan Stock Exchange Limited (PSX) has signed a memorandum of understanding (MoU) with Gujranwala Chamber of Commerce and Industry (GCCI), for mutual co-operation and collaboration to facilitate access to equity financing for Small and Medium Enterpris
Published 31 May, 2017 12:00am
Many areas of Sindh face another massive power breakdown

Many areas of Sindh face another massive power breakdown

The people of 14 districts of Sindh province experienced another massive power breakdown of several hours during last 72 hours following discontinuation of power supply from National Transmission and Despatch Company Limited (NTDC) early Tuesday morning.
Published 31 May, 2017 12:00am
Nisar meets ambassador designate to India Sohail

Nisar meets ambassador designate to India Sohail

Minister for Interior Chaudhry Nisar Ali Khan on Tuesday held a meeting with Pakistan's ambassador designate to India Sohail Mehmood here on Tuesday and discussed relations between Pakistan and India and situation of the region. The Interior Minister said
Published 31 May, 2017 12:00am
PARTLY FACETIOUS: Hussain Nawaz's plea

PARTLY FACETIOUS: Hussain Nawaz's plea

"You reckon the plea taken by Hussain Nawaz against two members of the Joint Investigation Team and his refusal to answer their questions on Sunday was a good legal tactic?"
Published 31 May, 2017 12:00am
Opposition boycott of NA budget debate enters second consecutive day

Opposition boycott of NA budget debate enters second consecutive day

Opposition parties on Tuesday continued to boycott the National Assembly proceedings on the second consecutive day in a protest against the government for not telecasting their budget speeches live on Pakistan Television (PTV) News. Opposition Leader Khur
Published 31 May, 2017 12:00am
Transfast Partners with Bank of Khyber
Exchange

Transfast Partners with Bank of Khyber

Transfast, a leading provider of cross-border payments and remittance solutions, has joined hands with Bank of Khyber to offer remittance services to Pakistani expatriates sending money to their loved ones in Pakistan. Samir Vidhate - Director EMEAA, Tran
Published 31 May, 2017 12:00am
GEPCO notifies Ramazan load-shedding schedule

GEPCO notifies Ramazan load-shedding schedule

The Gujranwala Electric Power Company (GEPCO) has issued a new schedule of load-shedding for urban and rural areas during the day to ensure uninterrupted supply of electricity from 6. PM to 4 AM for Iftar and Sehri in its region during the holy month of R
Published 31 May, 2017 12:00am
Industrial estates: seven local, foreign companies sign MoUs

Industrial estates: seven local, foreign companies sign MoUs

As many as 7 local and foreign companies have signed memorandums of understanding (MoUs) with the Punjab Industrial Estates Development and Management Company (PIEDMC) for procuring land in the industrial estates being controlled by the company.
Published 31 May, 2017 12:00am
NHMP to assist FBR in controlling smuggling on motorways

NHMP to assist FBR in controlling smuggling on motorways

To effectively check smuggling through motorways, National Highways and Motorway Police (NHMP) would be legally bound to assist customs officers of the Federal Board of Revenue (FBR) to control movement of smuggled goods on motorways. Sources told Busi
Published 31 May, 2017 12:00am
KP government focusing on uplift of agriculture sector: Asad
Exchange

KP government focusing on uplift of agriculture sector: Asad

Speaker, Khyber Pakhtunkhwa Assembly, Asad Qaiser has said that the provincial government is utilising all available resources for the development of agriculture sector and welfare of farmers. The province, he said is rich in natural resources, but, the n
Published 31 May, 2017 12:00am
Ogra recommends government to lower POL products' prices

Ogra recommends government to lower POL products' prices

The Oil and Gas Regulatory Authority (Ogra) on Tuesday recommended the government to reduce prices of all petroleum products for the month of June 2017. In the working paper sent to the government, the authority has recommended a reduction of Rs 2.30 per
Published 31 May, 2017 12:00am
550 million received under CSF till March

550 million received under CSF till March

The US under Coalition Support Fund (CSF) has disbursed $550 million late February/early March 2017 to Pakistan, and an additional $350 million has been authorised, but that amount is still dependent on certification from the US defence secretary that Pak
Published 31 May, 2017 12:00am
C&W department's professional exam to be held in July

C&W department's professional exam to be held in July

Communication & Works Department Khyber Pakhtunkhwa has notified for the information of all Sub Divisional Officers/ Assistant Engineers and Sub Engineers of the C&W Department Khyber Pakhtunkhwa and FATA that Departmental Professional Examination will be
Published 31 May, 2017 12:00am
Shahbaz claims transparency in uplift projects

Shahbaz claims transparency in uplift projects

Chief Minister Punjab Shehbaz Sharif, while talking to legislators here on Tuesday stated that their government was carrying out transparent and speedy projects in the country. He stated that their development endeavours have helped in saving a lot toward
Published 31 May, 2017 12:00am
Regulations for cotton competition finalised
Cotton

Regulations for cotton competition finalised

The Punjab Agriculture Department has finalised the rules and regulations of cotton competition to encourage the farmers for growing more cotton and play their role in strengthening the national and provincial economy. The growers have to submit an applic
Published 31 May, 2017 12:00am
Saudi Alliance: lack of response by government irks Senate chairman

Saudi Alliance: lack of response by government irks Senate chairman

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz will brief Senate on Wednesday (today) about the government's decision to allow former Army Chief General Raheel Sharif (Retd.) to serve Saudi Arabia-led 41-nation Islamic Military Alliance.
Published 31 May, 2017 12:00am
PTI challenges ECP directives in IHC

PTI challenges ECP directives in IHC

Pakistan Tehreek-e-Insaf (PTI) has challenged the directives of Election Commission of Pakistan (ECP) regarding party's foreign funding case in the Islamabad High Court (IHC). The ECP had granted time to the party till May 13 to submit bank account detail
Published 31 May, 2017 12:00am
K-Electric clueless on how to manage power failures

K-Electric clueless on how to manage power failures

Back-to-back tripping in its EHT line K-Electric's show the company remains unable to restore electricity, leaving it struggling to ensure the steady supply of electricity it promised to consumers in Ramazan. Tripping has occurred several times this month
Published 31 May, 2017 12:00am
President signs Companies Act, 2017, into law

President signs Companies Act, 2017, into law

President Mamnoon Hussain has signed the Companies Act, 2017 on Tuesday, marking the dawn of a new era that promises great opportunities for the corporate sector to thrive in a challenging global environment. After thorough public consultation and legal v
Published 31 May, 2017 12:00am
Dar felicitates Finance Division officials

Dar felicitates Finance Division officials

Finance Minister Senator Ishaq Dar here chaired a meeting on matters related to Finance Division. The minister congratulated the officials of Finance Division on successfully undertaking all budget related activities, culminating in the budget speech by t
Published 31 May, 2017 12:00am
PM never sought immunity: Marriyum

PM never sought immunity: Marriyum

Minister of State for Information and Broadcasting, Marriyum Aurangzeb has said that Prime Minister Nawaz Sharif never sought immunity despite having the right and presented himself for accountability. Addressing a news conference along with MNA Daniyal A
Published 31 May, 2017 12:00am
Country's economy: a word of advice

Country's economy: a word of advice

This is apropos a Business Recorder op-ed "Bloated revenue projections" carried by the newspaper yesterday. The writer, Dr Hafiz A Pasha, is at his best again in the moments of Budget 2017-18 season. He, for example, has raised a profound point: "T
Published 31 May, 2017 12:00am
ECB to discuss closing door to extra stimulus next week
Exchange

ECB to discuss closing door to extra stimulus next week

European Central Bank policymakers are set to take a more benign view of the economy when they meet on June 8 and will even discuss dropping some of their pledges to ramp up stimulus if needed, four sources with direct knowledge of the discussions told Re
Published 31 May, 2017 12:00am
Pain from India's phone wars extends beyond RCom's sibling spat

Pain from India's phone wars extends beyond RCom's sibling spat

Reliance Communications' balance sheet troubles, which have wiped off more than a third of its value this month, have thrown into sharp relief the squeeze afflicting India's telecoms sector: fickle users, wafer-thin margins and crippling debt.
Published 31 May, 2017 12:00am
A spendthrift budget

A spendthrift budget

Federal Finance Minister Ishaq Dar presented last Friday his fifth and presumably his and the PML-N government's last federal budget before the next general elections. There is not much to write home about the balance-sheet for 2017-18 except that it is a
Published 31 May, 2017 12:00am
RTI bill: secrecy overwhelms transparency

RTI bill: secrecy overwhelms transparency

A democracy requires accountability, and accountability requires transparency. This is what Barack Obama said in early days of his presidency. He is no more at the helm in the United States and the world has to content with Donald Trump. But what Obama sa
Published 31 May, 2017 12:00am
Contrasting views on economy

Contrasting views on economy

The economic data compiled by various government agencies has come under a lot of criticism during the present tenure of the PML (N) government. The mistrust has reached a stage that Institute of Policy Reforms (IPR), a respectable think tank, has even qu
Published 31 May, 2017 12:00am
Five dead as cyclone batters Bangladesh

Five dead as cyclone batters Bangladesh

Cyclone Mora battered Bangladesh on Tuesday, killing five people, damaging thousands of homes and ripping through a camp housing thousands of Rohingya refugees who had fled violence in Myanmar. Authorities said they evacuated nearly 600,000 people from vu
Published 31 May, 2017 12:00am
Five dead as cyclone batters Bangladesh

Five dead as cyclone batters Bangladesh

Cyclone Mora battered Bangladesh on Tuesday, killing five people, damaging thousands of homes and ripping through a camp housing thousands of Rohingya refugees who had fled violence in Myanmar. Authorities said they evacuated nearly 600,000 people from vu
Published 31 May, 2017 12:00am
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