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Jun 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-07-12
Gold rises in New York
Exchange

Gold rises in New York

Gold prices edged up on Monday from their lowest since mid-March in choppy trade, after nearing technical support and as traders awaited signals from central banks on interest rate hikes. Bullion is highly sensitive to rising rates because they push up bo
Published 12 Jul, 2017 12:00am
Gold falls in Asia
Exchange

Gold falls in Asia

Gold edged lower on Tuesday on a firmer dollar and equities as the market awaited cues on the path of interest rate hikes in the United States ahead of Federal Reserve Chair Janet Yellen's testimony on Wednesday. The market was looking ahead to Wednesday
Published 12 Jul, 2017 12:00am
Gold hovers near 4 months low in Europe
Exchange

Gold hovers near 4 months low in Europe

Gold prices hovered near four-month lows on Tuesday and the dollar held firm on expectations of tighter US monetary policy as the market awaited a speech from Federal Reserve Chair Janet Yellen this week. Spot gold was down 0.2 percent at $1,212.09 an oun
Published 12 Jul, 2017 12:00am
US weather concerns may not be enough for summer corn rally

US weather concerns may not be enough for summer corn rally

This is the time of year when traders hinge their bets on every single weather model run for the US Corn Belt, and the past week has been no exception. But even with the seemingly back-and-forth weather models, large global supplies may keep the lid on an
Published 12 Jul, 2017 12:00am
Rain & thunderstorm forecast

Rain & thunderstorm forecast

The Met Office on Tuesday forecast rain-thunderstorm with isolated heavy to very heavy falls in upcountry in the next 24 hours. It said that light rain is also likely to fall across the coastal belt of Sindh over the period. Rain is expected in parts of K
Published 12 Jul, 2017 12:00am
CEAD holds final skill exam for unemployed youth

CEAD holds final skill exam for unemployed youth

The Centre of Excellence in Art and Design (CEAD), Mehran University of Engineering and Technology (MUET), Jamshoro conducted the final skill exam for unemployed youth trained under National Vocational Technical Training Commission (NAVTTC) Pakistan on co
Published 12 Jul, 2017 12:00am
APBF urges government to check surge of dollar against PKR

APBF urges government to check surge of dollar against PKR

As the recent local currency depreciation has inflicted a great loss to the national economy and cost of deals done by the businessmen with their foreign counterparts have jumped manifold, All Pakistan Business Forum (APBF) has urged the government to con
Published 12 Jul, 2017 12:00am
Gharibwal Cement
Exchange

Gharibwal Cement

Brief history: Gharibwal Cement (PSX: GWCL) kicked off its operations in 1965 with a capacity of 1,200 tons per day (approx. 360,000 tons annually) after being incorporated in 1961 and getting listed on the stock exchange a year later. It was later nation
Published 12 Jul, 2017 12:00am
Gharibwal Cement
Exchange

Gharibwal Cement

Brief history: Gharibwal Cement (PSX: GWCL) kicked off its operations in 1965 with a capacity of 1,200 tons per day (approx. 360,000 tons annually) after being incorporated in 1961 and getting listed on the stock exchange a year later. It was later nation
Published 12 Jul, 2017 12:00am
Two women killed for 'honour'

Two women killed for 'honour'

A man shot his sister and niece dead for 'honour' in Badamibagh neighborhood, police said on Tuesday. The police said that that 35-year old Bushra and her daughter Noor, 16, were killed at their residence early in the morning. They said the accused, Zahee
Published 12 Jul, 2017 12:00am
Fitch Ratings upgrades Coca-Cola Içecek's rating to 'BBB'

Fitch Ratings upgrades Coca-Cola Içecek's rating to 'BBB'

Coca-Cola Içecek (CCI) Pakistan's main shareholder, Coca Cola Içecek, Turkey, has received an upgraded credit rating of 'BBB' from Fitch Ratings-one of the big three credit rating agencies of the World.
Published 12 Jul, 2017 12:00am
Fitch Ratings upgrades Coca-Cola Içecek's rating to 'BBB'

Fitch Ratings upgrades Coca-Cola Içecek's rating to 'BBB'

Coca-Cola Içecek (CCI) Pakistan's main shareholder, Coca Cola Içecek, Turkey, has received an upgraded credit rating of 'BBB' from Fitch Ratings-one of the big three credit rating agencies of the World.
Published 12 Jul, 2017 12:00am
Inordinate delay in opening LTC irks NA body

Inordinate delay in opening LTC irks NA body

National Assembly Standing Committee on Cabinet Secretariat has expressed serious concerns over Liver Transplant Centre (LTC) at a hospital of Islamabad that has not been made functional for the last seven years. The parliamentary panel constituted a sub-
Published 12 Jul, 2017 12:00am
Pasdec offers array of marble, granite projects to Sindh government

Pasdec offers array of marble, granite projects to Sindh government

Chief Executive Officer (CEO) of Pakistan Stone Development Company (Pasdec), a company established by the Ministry of Industries & Production to promote the marble & granite sector, Zahid Maqsood Sheikh, offered array of projects of marble and granite to
Published 12 Jul, 2017 12:00am
ECP yet to receive funds for arrangements of general election 2018

ECP yet to receive funds for arrangements of general election 2018

A panel of Election Commission of Pakistan (ECP) while expressing concern has said that it has not received any funds for arrangements of general election 2018. The Planning Committee of Election Commission of Pakistan met in the chair of Secretary ECP Ba
Published 12 Jul, 2017 12:00am
12,977 blasphemous URLs blocked so far: PTA chief

12,977 blasphemous URLs blocked so far: PTA chief

Facebook management has been suggested to connect opening of an account on the social media website with mobile phone number to tackle not only fake accounts and security issues but it will also help to stop blasphemous contents.
Published 12 Jul, 2017 12:00am
Funeral prayers of martyred DPO offered

Funeral prayers of martyred DPO offered

The funeral prayer of SSP Sajid Khan Mohmand was offered at Malik Saad Shaheed Police Lines, here on Tuesday. "We have not backed out in our fight against terrorism," said KP Inspector General Salahuddin Mehsud, who was present at the police lines for the
Published 12 Jul, 2017 12:00am
OIC Council condemns state terrorism in IoK

OIC Council condemns state terrorism in IoK

The 44th session of OIC Council of Foreign Ministers (CFM) held in Abidjan, Republic of Cote d'Ivoire, on 10-11 July 2017, condemned state terrorism in the Indian occupied Jammu & Kashmir (IoK) and called upon India to implement the UN Security Council re
Published 12 Jul, 2017 12:00am
Malaysian Army chief visits Naval HQs

Malaysian Army chief visits Naval HQs

General Dato Sri Zulkiple Bin Hj Kassim, Chief of Malaysian Army, visited Naval Headquarters Islamabad on Tuesday and called on Chief of the Naval Staff, Admiral Muhammad Zakaullah. During the meeting, professional matters of mutual interest came under di
Published 12 Jul, 2017 12:00am
PM may reappoint Haq as Ogra's member finance

PM may reappoint Haq as Ogra's member finance

Prime Minister Nawaz Sharif is likely to re-appoint incumbent Member Finance Ogra, Noorul Haq for another four years on the recommendations of Petroleum Ministry, well informed sources told Business Recorder
Published 12 Jul, 2017 12:00am
CM KP approves setting up of Air University in Nowshera

CM KP approves setting up of Air University in Nowshera

Chief Minister, Khyber Pakhtunkhwa, Pervez Khattak has accorded approval to the establishment of Air University on a 400 Kanals vast piece of land at Pirpyai village on GT Road Nowshera and directed the concerned authorities to take necessary steps to han
Published 12 Jul, 2017 12:00am
Monsoon rains to have positive impact over sugarcane, rice
Cotton

Monsoon rains to have positive impact over sugarcane, rice

The current monsoon rains would have a positive impact over high delta Kharif crops including sugarcane and rice but excessive rains would have negative impact over low delta crops especially cotton. According to a senior official of the Ministry of Food
Published 12 Jul, 2017 12:00am
Qateel Shifai remembered

Qateel Shifai remembered

The 16th death anniversary of renowned Urdu poet and lyricist Qateel Shifai was observed on Tuesday across the country. Muhammad Aurangzeb, known as Qateel Shifai through his pen name, was born in Haripur in 1919 and passed away on July 11, 2001. Besides
Published 12 Jul, 2017 12:00am
July-May towel export down 5 percent YoY

July-May towel export down 5 percent YoY

The country's towel export declined by five percent to $704.702 million in July-May 2017, according to the official figures. Fall in towel export comes to the tune of $35.284 million in July-May 2017 from $739.986 million in July-May 2016, Pakistan Bureau
Published 12 Jul, 2017 12:00am
Sindh governor to discuss tax-related issues with Prime Minister

Sindh governor to discuss tax-related issues with Prime Minister

Sindh Governor Muhammad Zubair has assured the business community that he would discuss their tax-related issues with Prime Minister Nawaz Sharif to seek their speedy resolution. Speaking at an Eid Milan Party hosted by All Pakistan Customs Agents Associa
Published 12 Jul, 2017 12:00am
Significant amendments to provincial Sales Tax Act

Significant amendments to provincial Sales Tax Act

1. Definition of Franchise - S. 2(46) Previously, the definition of the term "Franchise" included the authority or right granted by the Franchiser to Franchisee to do business in respect of goods or to provide services against a consideration or fe
Published 12 Jul, 2017 12:00am
Panama Papers case: JI chief urges SC to announce decision soon

Panama Papers case: JI chief urges SC to announce decision soon

Chief of Jamaat-e-Islami, Pakistan, Senator Sirjaul Haq, has said that the JIT report had supported the verdict of two judges of the Supreme Court that the Prime Minister was no more "Sadiq and Ameen." He said the assets of the ruling family were sky high
Published 12 Jul, 2017 12:00am
Chinese delegation discusses industrial cooperation, CPEC projects

Chinese delegation discusses industrial cooperation, CPEC projects

A high-level Chinese delegation is on a three-day official visit to Pakistan to discuss industrial cooperation, implementation of Gwadar projects and Pakistan Railway's up-gradation of Main Line-1 under China-Pakistan Economic Corridor (CPEC). The delegat
Published 12 Jul, 2017 12:00am
Salman Enterprises' Eid Milan dinner

Salman Enterprises' Eid Milan dinner

Madina Mall and Residency, a project of Salman Enterprises, held an Eid Milan dinner on Saturday, at Civic Zone, Bahria Enclave Islamabad for customers who have already booked or wished to book an apartment or shop with Madina Mall and Residency.-PR
Published 12 Jul, 2017 12:00am
Mumtaz resumes additional charge of chairman KPT

Mumtaz resumes additional charge of chairman KPT

The Federal Secretary Ports and Shipping Mumtaz Ali Shah has resumed the additional charge of the office of Chairman Karachi Port Trust (KPT) from Tuesday at KPT Head Office.
Published 12 Jul, 2017 12:00am
Huge cache of weapons recovered, two arrested

Huge cache of weapons recovered, two arrested

Security forces have recovered huge quantity of arms and ammunitions and arrested two terrorists near Kohat Tunnel on Tuesday. According to ISPR, on confirmed intelligence, the security forces conducted an IBO near Kohat Tunnel. Huge cache of weapons (pis
Published 12 Jul, 2017 12:00am
CDNS achieves target of Rs 230 billions for fiscal year 2017

CDNS achieves target of Rs 230 billions for fiscal year 2017

Central Directorate of National Savings (CDNS) has achieved the revised target of Rs 230 billion set for the financial year 2016-17 by June 30, this year. "The CDNS has set Rs 220 billion target for fiscal year 2017-18," a senior official of CDNS said on
Published 12 Jul, 2017 12:00am
JIT report not final word: Asma Jahangir

JIT report not final word: Asma Jahangir

Human rights lawyer and an activist Asma Jahangir on Monday said that the Panamagate joint investigation team's (JIT) report cannot be taken as the final word on the Panamagate case. Speaking to a private channel TV show, Jahangir said that it is understo
Published 12 Jul, 2017 12:00am
Shah asks Nawaz to step down
Exchange

Shah asks Nawaz to step down

Opposition leader in the National Assembly Khursheed Shah while chairing a meeting of Public Accounts Committee (PAC) on Tuesday said that Prime Minister Nawaz Sharif must resign in the light of report submitted by joint investigation team (JIT) in Panama
Published 12 Jul, 2017 12:00am
MQM-P says Nawaz must quit

MQM-P says Nawaz must quit

The leader of the Mutahhida Qaumi Movement (MQM-P), Dr Farooq Sattar, on Tuesday demanded that Prime Minister Nawaz Sharif step down from his office the Supreme Court's Joint Investigation Team's establishment of corruption charges against him. "The prime
Published 12 Jul, 2017 12:00am
Cross-examination Rasheed to request SC to summon PM

Cross-examination Rasheed to request SC to summon PM

Awami Muslim League (AML) President Sheikh Rasheed on Tuesday announced he would request the Supreme Court to summon Prime Minister Nawaz Sharif for cross-examination in the Panama Papers probe. Addressing a press conference in Rawalpindi on Tuesday, Rash
Published 12 Jul, 2017 12:00am
PTI gears up efforts to seek PM's resignation

PTI gears up efforts to seek PM's resignation

Pakistan Tehreek-e-Insaf (PTI) has geared up efforts to unite the opposition parties to pressurize Prime Minister Nawaz Sharif to step down after Joint Investigation Team (JIT) submitted its report to Supreme Court on the Panama papers case. A senior PTI
Published 12 Jul, 2017 12:00am
Saad terms Panama issue 'an engineered drama'

Saad terms Panama issue 'an engineered drama'

Minister for Railways Khawaja Saad Rafique on Tuesday reiterated that Prime Minister Nawaz Sharif did not own any offshore company and it would be established in the court with evidence. "The Panama issue is an engineered drama. It had been directed from
Published 12 Jul, 2017 12:00am
Unhygienic meat being sold at Lahore's Tollinton market: PFA

Unhygienic meat being sold at Lahore's Tollinton market: PFA

The Punjab Food Authority (PFA) has declared the meat being sold at Tollinton market of the provincial metropolis as unhygienic because of sewerage and pet shops situated in the market. "Meat from shops at Tollinton market may case typhoid, food poisoning
Published 12 Jul, 2017 12:00am
SCCI chief for setting up SEZ in Sialkot

SCCI chief for setting up SEZ in Sialkot

President Sialkot Chamber of Commerce and Industry (SCCI) Majid Raza Bhutta has suggested that Sialkot Export Processing Zone (SEPZ) should be given the status of Special Economic Zone (SEZ) under China Pakistan Economic Corridor (CPEC) for further accele
Published 12 Jul, 2017 12:00am
CM Punjab condoles death of Waheed Butt

CM Punjab condoles death of Waheed Butt

Punjab Chief Minister Muhammad Shehbaz Sharif has expressed deep sense of sorrow and grief over death of Abdul Waheed Butt, former Editor Pakistan Times. In his condolence message, the Chief Minister prayed that may Allah Almighty rest the departed soul i
Published 12 Jul, 2017 12:00am
'Imran hatching conspiracy against country's development'

'Imran hatching conspiracy against country's development'

Senator of Pakistan Muslim League-Nawaz (PML-N) Mushahidullah Khan on Tuesday said Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan was hatching conspiracy against the country's development and China Pakistan Economic Corridor (CPEC) project. Talking to PT
Published 12 Jul, 2017 12:00am
Dar reviews progress on ITTMS project

Dar reviews progress on ITTMS project

Finance Minister, Senator Ishaq Dar Tuesday reviewed progress on the development of border crossing complexes at Torkham and Chaman under the Integrated Transit Trade Management System (ITTMS) project.
Published 12 Jul, 2017 12:00am
JIT recommendations not controversial: Shujaat

JIT recommendations not controversial: Shujaat

Pakistan Muslim League (PML) President Ch Shujat Hussain has said that presently country cannot afford any constitutional crisis. Demand of the time is that Nawaz Sharif should accept its verdicts instead of weakening constitutional institutions for perso
Published 12 Jul, 2017 12:00am
KP government to ban sale, purchase of ice drug

KP government to ban sale, purchase of ice drug

Khyber Pakhtunkhwa Minister for Information and Public Health Engineering, Shah Farman, on Tuesday said that the provincial government is mulling over to ban use, sale and purchase of ice drug through proper legislation. Talking to media, he said that KP
Published 12 Jul, 2017 12:00am
Upgradation, methodology of financing ML I discussed

Upgradation, methodology of financing ML I discussed

A meeting was held in Ministry of Railways between Khawaja Saad Rafique, Federal Minister for Railways and Li Xuedoung, DG National Development and Reform Commission (NDRC), China, according to a press release issued here on Tuesday. A delegation from Bei
Published 12 Jul, 2017 12:00am
Quality education best way to bring change in life: Jhagra

Quality education best way to bring change in life: Jhagra

Khyber Pakhtunkhwa Governor, Engineer Iqbal Zafar Jhagra has said that education especially the quality knowledge is the best way to bring a change in the life standards of the people. The youngsters, he added, are the hope of the nation, since the future
Published 12 Jul, 2017 12:00am
AJK PM urges OIC to take up Kashmir issue

AJK PM urges OIC to take up Kashmir issue

Azad Jammu and Kashmir (AJK) Prime Minister Farooq Haider Khan has called on the Organization of Islamic Cooperation (OIC) to take up the Kashmir Issue in the United Nations. He urged the OIC to take immediate steps for imposing economic blockade against
Published 12 Jul, 2017 12:00am
PPP advises PML-N to avoid confrontation

PPP advises PML-N to avoid confrontation

Pakistan Peoples Party Lahore President Aziz-ur-Rehman Chan has advised the PML-N government to avoid confrontation with the constitutional institutions of the state, saying the PPP would not let it dictate the institutions in the name of democracy.
Published 12 Jul, 2017 12:00am
PACRA maintains entity ratings of EFU General Insurance

PACRA maintains entity ratings of EFU General Insurance

EFU Group continues to enjoy leadership in insurance industry General and Health while securing second position in Life Insurance. In window Takaful, EFU General Insurance remained leader with 25 percent market share, with Participants' Takaful Fund and O
Published 12 Jul, 2017 12:00am
Rs 220 billions saved in different projects: Shahbaz

Rs 220 billions saved in different projects: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that his government has saved Rs 220 billion in execution of different projects and set a new tradition of austerity and transparency. In a statement he said the volume of current year's Annual Develo
Published 12 Jul, 2017 12:00am
Moot on 'Ino Cotton Grow Initiatives' opens at NTU
Cotton

Moot on 'Ino Cotton Grow Initiatives' opens at NTU

One Day Conference titled "Ino Cotton Grow Initiatives" kicked of at National Textile University (NTU) here on Tuesday in which 15 eminent Delegates from Germany and similar number from Pakistan participated and held meaningful deliberations.
Published 12 Jul, 2017 12:00am
Malala to celebrate 20th birthday with refugee girls

Malala to celebrate 20th birthday with refugee girls

Nobel Peace laureate Malala Yousafzai along with her father Ziauddin Yousafzai will celebrate her 20th birthday today (Wednesday) in Middle East with the refugee girls from conflict areas. She will assure them of her support and pledge to play a vital rol
Published 12 Jul, 2017 12:00am
15 Pakistani students sent to Singapore University

15 Pakistani students sent to Singapore University

Habib University, in collaboration with Sajjad Foundation of Singapore, has sent a group of 15 students to the National University of Singapore (NUS) under the two-week NUS Enterprise Summer Programme 2017. In a statement issued by Habib University on Tue
Published 12 Jul, 2017 12:00am
Pakistan considers Prince Aga Khan a great friend: President

Pakistan considers Prince Aga Khan a great friend: President

President Mamnoon Hussain on Tuesday said Pakistan considered Prince Karim Aga Khan a great friend, a patron and an ardent supporter of the cause of sustainable development. He expressed these views in his message to congratulate Prince Karim Aga Khan on
Published 12 Jul, 2017 12:00am
Rs 8.44 billions approved for construction of UCs buildings

Rs 8.44 billions approved for construction of UCs buildings

The Punjab Provincial Development Working Party has approved Rs 8.44 billion for the construction of new office building of Union Councils in the province so that the elected chairman, vice chairman and the secretary could perform their duties properly. P
Published 12 Jul, 2017 12:00am
European parliament urged to bring an end to HR violations in IHK

European parliament urged to bring an end to HR violations in IHK

Sardar Masood Khan, President Azad Jammu and Kashmir (AJK), while talking to twenty five members of the Foreign Relations Committee of the European Parliament on Tuesday called for a sharper focus on the Kashmir dispute for a just and lasting solution. Pr
Published 12 Jul, 2017 12:00am
Setting up of SEZs most important phase of CPEC: Ahsan

Setting up of SEZs most important phase of CPEC: Ahsan

Federal Minister for Planning, Development & Reform, Ahsan Iqbal has said that development of special economic zones is the most important phase of China-Pakistan Economic Corridor (CPEC), which would prove as a milestone in relocation of Chinese industri
Published 12 Jul, 2017 12:00am
PDA highlights advantages of packaged milk

PDA highlights advantages of packaged milk

Milk is highly vulnerable to contamination and quality degradation that can occur during collection, transportation, storage and retailing at shops. However, the packaged milk value chain eliminates these risks through quality checks that are conducted at
Published 12 Jul, 2017 12:00am
School of Nursing KGA arranges community health camp

School of Nursing KGA arranges community health camp

A community health camp arranged by School of Nursing Kharadar General Hospital at Younisabad Keamari a slum & underprivileged area of Karachi. On Inauguration an eminent philanthropist & industrialist Bashir Janmohammed said only we can meet the health c
Published 12 Jul, 2017 12:00am
Lawyers demand PM's resignation

Lawyers demand PM's resignation

The representatives of the Lahore High Court Bar Association here on Tuesday demanded resignation of Prime Minister Nawaz Sharif and said the prime minister has left with no moral justification except stepping down after the adverse report of JIT. While a
Published 12 Jul, 2017 12:00am
Imran steps up pressure on beleaguered government
Cotton

Imran steps up pressure on beleaguered government

Chairman Pakistan Tehreek-e-Insaf (PTI) on Tuesday reiterated his demand for the resignation of Prime Minister Nawaz Sharif, Finance Minister Ishaq Dar, National Assembly Speaker Ayaz Sadiq and Chief Minister Punjab Shahbaz Sharif. Talking to media person
Published 12 Jul, 2017 12:00am
Speaker NA urged to disqualify four ministers

Speaker NA urged to disqualify four ministers

A citizen Amna Malik has sent a letter to the Speaker National Assembly seeking disqualification of Kh Asif, Kh Saad Rafiq, Shahid Khaqan Abbasi and Ehsan Iqbal from being members of the National Assembly. Amna in her letter to the Speaker through her cou
Published 12 Jul, 2017 12:00am
DG NAB takes action over embezzlement of Rs 160 millions in LDA

DG NAB takes action over embezzlement of Rs 160 millions in LDA

Director General National Accountability Bureau (NAB) has taken serious action over embezzlement of Rs 160 Million in Lahore Development Authority (LDA) Commercialization Case by signing arrest warrants (AW) of two accused officials namely Usman Latif and
Published 12 Jul, 2017 12:00am
Sahiwal taxpayers facing multiple problems

Sahiwal taxpayers facing multiple problems

Taxpayers falling under the jurisdiction of newly created Regional Tax Office (RTO) Sahiwal are facing multiple problems due to non-updation of database. Tax experts told Business Recorder here on Tuesday that the RTO Sahiwal was created with effec
Published 12 Jul, 2017 12:00am
Malala shines like a beacon: Shahbaz

Malala shines like a beacon: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that Malala Yousufzai has set a glowing example for the Pakistani girl students with her bravery and audacity. "Struggle of Malala Yousufzai for the promotion of education and elimination of menace of fanatici
Published 12 Jul, 2017 12:00am
Lahore remains calm, peaceful in the wake of JIT's report

Lahore remains calm, peaceful in the wake of JIT's report

The metropolitan city and provincial capital Lahore, the stronghold of PML-N for past three decades, was stunningly calm and peaceful on the day after the JIT submitted its final probe report and found the Prime Minister Nawaz Sharif and his children Mary
Published 12 Jul, 2017 12:00am
Opponents making efforts to impose 'judicial 58-2(b)': Ahsan
Exchange

Opponents making efforts to impose 'judicial 58-2(b)': Ahsan

Minister for Planning, Development and Reform Ahsan Iqbal has said that the opponents are making efforts to impose "judicial 58-2(b)" in the country. He expressed these views while addressing a Pakistan Muslim League-Nawaz (PML-N) youth convention here on
Published 12 Jul, 2017 12:00am
PM cancels Karachi visit

PM cancels Karachi visit

Prime Minister Nawaz Sharif on Tuesday cancelled his visit to Karachi. According to sources, the Prime Minister had to announce development package for Karachi during a visit but the PM suddenly cancelled his visit.
Published 12 Jul, 2017 12:00am
Sindh CS calls for reforms in civil services

Sindh CS calls for reforms in civil services

Sindh Chief Secretary Rizwan Memon has called for civil services reforms to bring positive changes in the performance of civil servants and will also be helpful in good governance.
Published 12 Jul, 2017 12:00am
PM and family submitted fabricated documents: Bilawal

PM and family submitted fabricated documents: Bilawal

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has said that Prime Minister Nawaz Sharif and his family have submitted fabricated documents of their assets before the Joint Investigation Team (JIT) and now the Prime Minister will have to res
Published 12 Jul, 2017 12:00am
PPP leader terms appointments made in Sufi University 'illegal'

PPP leader terms appointments made in Sufi University 'illegal'

Former Home Minister & PPP MPA Dr Makhdoom Rafique Zaman has taken serious notice of back door illegal appointments process by the Vice Chancellor of Sufi University of Bhitshah without advertisement and proper procedure of interviews involving selection
Published 12 Jul, 2017 12:00am
'A century of revolution and counter-revolution'

'A century of revolution and counter-revolution'

This is apropos a Business Recorder op-ed "A century of revolution and counter-revolution" carried by the newspaper yesterday. The writer, Rashed Rahman, has offered a highly informed perspective on the subject. According to him, "The trigger for t
Published 12 Jul, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (July 11, 2017) and the forecast for Wednesday (July 12, 2017).

Published 12 Jul, 2017 12:00am
Erdogan at the peak of his powers a year after failed coup

Erdogan at the peak of his powers a year after failed coup

It was a mild summer's evening, with the weekend ahead, when military jets began bombing targets in Ankara and tanks rumbled through the streets of Istanbul, with troops firing on civilians. Elements of the Turkish military had launched a coup against Pre
Published 12 Jul, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 11, 2017).

Published 12 Jul, 2017 12:00am
Tech companies wage war on disease-carry mosquitoes

Tech companies wage war on disease-carry mosquitoes

American technology companies are bringing automation and robotics to the age-old task of battling mosquitoes in a bid to halt the spread of Zika and other mosquito-borne maladies worldwide. Firms including Microsoft Corp and California life sciences comp
Published 12 Jul, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 11, 2017).

Published 12 Jul, 2017 12:00am
The way forward

The way forward

It is very hard to fathom any economic logic in keeping the rupee over-valued other than rendering relatively less burdensome hard currency loan repayments in rupee terms. And it is even more difficult to comprehend why our successive governments have con
Published 12 Jul, 2017 12:00am
The wages of the original sin

The wages of the original sin

Forty years after General Ziaul Haq's military coup on July 5, 1977, Pakistan still has not been able to heal the wounds inflicted by that catastrophe. The story is no longer as familiar to present day generations. Therefore it may be instructive to delin
Published 12 Jul, 2017 12:00am
The financial stability imperative
Exchange

The financial stability imperative

Financial Stability Review (FSR) released by the State Bank on 7th July 2017 for the CY2016 shows that Pakistan's banking system remains, in general, in a stable and sound condition. However, some emerging risks in short- to medium-term need attention and
Published 12 Jul, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 11, 2017).

Published 12 Jul, 2017 12:00am
US, Qatar sign MoU on combating terrorism financing

US, Qatar sign MoU on combating terrorism financing

The United States and Qatar signed an agreement on Tuesday aimed at combating the financing of terrorism, as U.S. Secretary of State Rex Tillerson visited Doha to try to end a month-long rift between Western-allied Arab states. Saudi Arabia, Bahrain, the
Published 12 Jul, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 11, 2017)

Published 12 Jul, 2017 12:00am
US, Qatar sign MoU on combating terrorism financing

US, Qatar sign MoU on combating terrorism financing

The United States and Qatar signed an agreement on Tuesday aimed at combating the financing of terrorism, as U.S. Secretary of State Rex Tillerson visited Doha to try to end a month-long rift between Western-allied Arab states. Saudi Arabia, Bahrain, the
Published 12 Jul, 2017 12:00am
Senate body adopts compulsory teaching of Holy Quran bill

Senate body adopts compulsory teaching of Holy Quran bill

Senate Standing Committee on Federal Education and Professional Training on Tuesday passed compulsory teaching of the Holy Quran bill that will be applicable in all public and private educational institutions in the federal capital. A meeting of the commi
Published 12 Jul, 2017 12:00am
Senate body adopts compulsory teaching of Holy Quran bill

Senate body adopts compulsory teaching of Holy Quran bill

Senate Standing Committee on Federal Education and Professional Training on Tuesday passed compulsory teaching of the Holy Quran bill that will be applicable in all public and private educational institutions in the federal capital. A meeting of the commi
Published 12 Jul, 2017 12:00am
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