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Print - 2018-12-05
Paris police force postponement of PSG game

Paris police force postponement of PSG game

Paris Saint-Germain's home Ligue 1 game against Montpellier on Saturday has been postponed after a request from police in the French capital, the club said on Tuesday. The match was due to be played at 4:00 pm (1500 GMT) at the Parc des Princes. No reason
Published 05 Dec, 2018 12:00am
Cricket league for Afghan refugees begins

Cricket league for Afghan refugees begins

A cricket league for Afghan refugees living in different parts of Khyber Pakhtunkhwa will kick off in Peshawar today (Wednesday) which will continue till 10 December. Afghan Commissioner Abbas Khan made this announcement while addressing a press conferenc
Published 05 Dec, 2018 12:00am
Azhar leads Pakistan fightback as Hafeez calls time on Test cricket

Azhar leads Pakistan fightback as Hafeez calls time on Test cricket

Azhar Ali struck a fighting half century to help Pakistan recover to 139-3 at close on the second day of the third and final Test against New Zealand in Abu Dhabi on Tuesday. It marked a good recovery from 17-2 after Kiwi pace bowler Trent Boult ripped ou
Published 05 Dec, 2018 12:00am
Kenya to roll over $760 million syndicated loan, cut budget deficit

Kenya to roll over $760 million syndicated loan, cut budget deficit

Kenya is in talks with lenders to roll over a $760 mln syndicated loan this fiscal year and lengthen its maturity in order to make debt repayments more manageable, a senior Treasury official said on Tuesday. The loan, which was initially for two years, wa
Published 05 Dec, 2018 12:00am
Madrid orders removal of electric scooters

Madrid orders removal of electric scooters

Madrid's city hall said Tuesday it had refused to grant a licence to three electric scooter-share companies and gave them 72 hours to remove their scooters from the streets of the Spanish capital. The city justified the move on the grounds that Lime, Wind
Published 05 Dec, 2018 12:00am
UK construction PMI growth edges up to four-month high

UK construction PMI growth edges up to four-month high

British construction activity grew at the fastest pace in four months in November, spurred by house-building and commercial work, though Brexit worries weighed on firms' outlook for the coming year, a survey showed on Tuesday. The IHS Markit/CIPS UK Const
Published 05 Dec, 2018 12:00am
South Africa exits recession as government eyes 2019 polls
Currency

South Africa exits recession as government eyes 2019 polls

South Africa broke free of recession on Tuesday when it reported GDP growth of 2.2 percent for the third quarter, the statistics authority said, marking a positive economic trajectory ahead of elections. President Cyril Ramaphosa, who took power in Februa
Published 05 Dec, 2018 12:00am
China to launch renewable power quota system by year-end

China to launch renewable power quota system by year-end

China will aim to launch a new renewable power quota system before the end of the year, the state planning agency said on Tuesday, part of efforts to make better use of its renewable energy resources and reduce waste.
Published 05 Dec, 2018 12:00am
Eurozone factory growth stumbled again in November

Eurozone factory growth stumbled again in November

Eurozone manufacturing activity expanded at its weakest rate in over two years in November as new orders contracted for a second month, further evidence the bloc's economic growth is past its peak, a survey showed. Policymakers at the European Central Ban
Published 05 Dec, 2018 12:00am
Exxon, Chevron seek to exit Azerbaijan's oil after 25 years

Exxon, Chevron seek to exit Azerbaijan's oil after 25 years

Exxon Mobil and Chevron are seeking to sell their stakes in Azerbaijan's largest oilfield, marking the retreat of the US majors from the former Soviet state after 25 years as they re-focus on domestic production. Exxon is hoping to raise up to $2 billion
Published 05 Dec, 2018 12:00am
Canada manufacturing growth climbs

Canada manufacturing growth climbs

Canada's manufacturing sector expanded in November at the fastest pace in three months, boosted by a pick up in new orders and the strongest job creation in at least eight years, data showed on Thursday. The IHS Markit Canada Manufacturing Purchasing Mana
Published 05 Dec, 2018 12:00am
Dollar slips in Asia
Currency

Dollar slips in Asia

The dollar slipped in Asia on Tuesday as US Treasury yields fell to three-month lows, a sign some investors were wagering the Federal Reserve would slow the pace of its rate hikes. The weakness in the dollar comes against the backdrop of a temporary truce
Published 05 Dec, 2018 12:00am
Euro rises in Europe

Euro rises in Europe

The euro rallied above $1.14 on Tuesday as a fall in US Treasury yields encouraged further selling of the dollar, with the yen and trade-linked currencies such as the Chinese yuan also racking up strong gains. Investor jitters about China and the United S
Published 05 Dec, 2018 12:00am
Early trade in New York: dollar drops broadly

Early trade in New York: dollar drops broadly

The dollar fell broadly on Tuesday as US Treasury yields slipped, feeding fears that the Federal Reserve could pause in its rate-hike cycle, while an inversion in part of the yield curve was taken as a red flag for a potential recession.
Published 05 Dec, 2018 12:00am
Dollar dips in New York; Aussie, yuan gain
Currency

Dollar dips in New York; Aussie, yuan gain

The US dollar fell broadly on Monday, as currencies battered by trade tensions between the United States and China staged a comeback after leaders from the two countries declared a truce on tariffs. China's yuan and several trade-dependent currencies made
Published 05 Dec, 2018 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee closed weaker on Tuesday with banks buying dollars as investors continued to sell rupee-denominated assets on credit rating downgrades by rating agencies and a delayed IMF loan discussion in the wake of a political crisis.
Published 05 Dec, 2018 12:00am
Aussie, kiwi gain

Aussie, kiwi gain

The Australian and New Zealand dollars edged higher on Tuesday as speculation about a slower pace of rate hikes from the Federal Reserve dragged on their US counterpart. Local bond markets rallied hard in tandem with US Treasuries, driving Australian 10-y
Published 05 Dec, 2018 12:00am
Rally in Asian FX slows
Currency

Rally in Asian FX slows

The Chinese yuan led most Asian currencies higher on Tuesday, though a prior day rally sparked by the temporary US-China trade truce slowed on questions over whether the two sides can strike a durable deal. Rising crude oil prices also undermined currenci
Published 05 Dec, 2018 12:00am
Sterling steadies

Sterling steadies

Sterling steadied on Tuesday after a senior European Union legal adviser said Britain could unilaterally withdraw its Brexit notice, easing some concern among investors about Britain crashing out of the bloc in March without a deal.
Published 05 Dec, 2018 12:00am
Russian wheat export prices broadly stable

Russian wheat export prices broadly stable

Russian wheat export prices were broadly stable last week as traders interpreted a shipping standoff in the Kerch Strait between Russia and Ukraine, major global grain exporters, as a short-lived incident, analysts said on Monday. Russia seized three Ukra
Published 05 Dec, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,674. The traded value of Metals, Energy and COTS/FX was recorded at 13.443 billion and the number of lots traded 26,236.
Published 05 Dec, 2018 12:00am
European wheat futures edge higher on US-China trade talks

European wheat futures edge higher on US-China trade talks

European wheat futures edged higher on Monday, supported by a rally in commodities like soybeans after Washington and Beijing agreed to enter talks aimed at resolving their trade dispute. But the knock-on effect on wheat was limited, as the cereal market
Published 05 Dec, 2018 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose to a four-week high on Monday, supported by spillover strength from the US soyabean market, traders said. The benchmark January canola contract peaked at $485.00, its highest since November 5. Farmer selling remained slow
Published 05 Dec, 2018 12:00am
Asia's Iran oil imports plunge to five-year low in October

Asia's Iran oil imports plunge to five-year low in October

Imports of Iranian crude oil by major buyers in Asia hit a five-year low in October, as China, Japan and South Korea sharply cut purchases ahead of US sanctions on Tehran that took effect in early November, government and ship-tracking data showed. China,
Published 05 Dec, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 99,294 tonnes of cargo comprising 91,647 tonnes of import cargo and 7,647 tonnes of export cargo including 3,797 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 91,6
Published 05 Dec, 2018 12:00am
India's 2019 wheat output to fall on scanty rains

India's 2019 wheat output to fall on scanty rains

India's wheat production could fall in 2019 from record output this year as lower moisture levels and higher temperatures in key growing regions are threatening yields of the winter-sown crop, farmers and analysts told Reuters.
Published 05 Dec, 2018 12:00am
Australia central bank holds rates

Australia central bank holds rates

Australia's central bank kept rates at record lows on Tuesday and took an optimistic view on domestic activity ahead of data that is likely to show the economy grew more than 3 percent last quarter. In a widely expected decision, the Reserve Bank of Austr
Published 05 Dec, 2018 12:00am
Sri Lanka suffers credit rating cuts

Sri Lanka suffers credit rating cuts

Two international credit rating agencies downgraded Sri Lanka by one notch on Tuesday following almost six weeks of political crisis. Fitch said it believed Sri Lanka's political upheaval, which began with the sacking of its prime minister in October and
Published 05 Dec, 2018 12:00am
Sri Lanka suffers credit rating cuts

Sri Lanka suffers credit rating cuts

Two international credit rating agencies downgraded Sri Lanka by one notch on Tuesday following almost six weeks of political crisis. Fitch said it believed Sri Lanka's political upheaval, which began with the sacking of its prime minister in October and
Published 05 Dec, 2018 12:00am
Xi arrives in Portugal to boost trade ties

Xi arrives in Portugal to boost trade ties

Chinese President Xi Jinping arrived in Portugal on Tuesday for a two-day visit to boost economic ties, despite concern in some EU capitals over China's growing influence across the continent. His two-day stay will include the signing of cooperation agree
Published 05 Dec, 2018 12:00am
Amid strong US economy, gradual rate hikes to continue: Fed official

Amid strong US economy, gradual rate hikes to continue: Fed official

With government spending juicing US economic growth, further increases in lending rates are likely, a top Federal Reserve official said Tuesday. Officials also will continue to watch for signs of risks but given the success so far in achieving low unemplo
Published 05 Dec, 2018 12:00am
Merkel says German 'Mittelstand' mustn't get left behind in AI race

Merkel says German 'Mittelstand' mustn't get left behind in AI race

Chancellor Angela Merkel on Tuesday warned that Germany's vaunted "Mittelstand" must not fall behind in the digital era, as the economic powerhouse races to catch up to foreign rivals in new technologies like artificial intelligence. Speaking at a digital
Published 05 Dec, 2018 12:00am
Italy PM says new budget proposal 'in coming hours'

Italy PM says new budget proposal 'in coming hours'

Italian Prime Minister Giuseppe Conte said Tuesday that a revised draft budget to avoid penalties from Brussels would be ready "in the coming hours". "My objective is to avoid Italy being penalised in a way that hurts our country and risks also hurting Eu
Published 05 Dec, 2018 12:00am
German pilots strike deal with Ryanair

German pilots strike deal with Ryanair

A German union on Tuesday said its pilots had agreed the outlines of a deal with Ryanair for better pay and conditions, calling off further industrial action for now. The breakthrough in the long-simmering row comes after German pilots staged a series of
Published 05 Dec, 2018 12:00am
Canada desperately looking to fill 430,000 vacant jobs

Canada desperately looking to fill 430,000 vacant jobs

A business group warned on Tuesday that a labor shortage in Canada is deepening, with more than 430,000 jobs at small and medium-sized firms remaining unfilled for at least four months. The job vacancy rate has risen to 3.3 percent, from 2.9 percent a yea
Published 05 Dec, 2018 12:00am
EU strikes deal on bank reform, few technical details remain

EU strikes deal on bank reform, few technical details remain

European Union finance ministers struck a deal on a major reform of banking rules on Tuesday, addressing some of the loopholes exposed by the global financial crisis. The overhaul, proposed by the European Commission in November 2016, sets the level of bu
Published 05 Dec, 2018 12:00am
WTO to rule in more spats over US tariffs

WTO to rule in more spats over US tariffs

The World Trade Organization agreed Tuesday to hear complaints from Switzerland and India over US steel and aluminium tariffs, bringing the total number of such complaints it is reviewing to nine. The WTO's Dispute Settlement Body (DSB) has agreed to esta
Published 05 Dec, 2018 12:00am
Caution over US-China trade truce drags on copper

Caution over US-China trade truce drags on copper

Copper eased on Tuesday as markets awaited remedial action by the United States and China after the two countries' weekend agreement on a 90-day ceasefire in their damaging trade dispute. Other metals, however, clung on to the previous session's gains, po
Published 05 Dec, 2018 12:00am
Oil curbs gains amid trade, output cut uncertainty

Oil curbs gains amid trade, output cut uncertainty

Oil prices pared gains in a volatile trade on Tuesday as fears flared that demand would stall due to a trade war between the US and China, and that Russia remained a stumbling block to a deal to cut global crude supply. US President Donald Trump made clea
Published 05 Dec, 2018 12:00am
Palm oil rebounds on correction
Vegetable Oil

Palm oil rebounds on correction

Malaysian palm oil futures reversed earlier losses to gain at the end of the trading day, supported by a correction and on strength in crude oil prices. The market had earlier been range trading, and was slightly down at the midday break ahead of a poll a
Published 05 Dec, 2018 12:00am
Palladium hits record high in Europe

Palladium hits record high in Europe

Palladium soared to a record on Tuesday, fuelled by a sustained deficit and speculative interest for the autocatalyst metal, briefly surpassing bullion, which scaled a more than five-week as the dollar slid. Spot gold rose 0.6 percent to $1,238.54 per oun
Published 05 Dec, 2018 12:00am
US MIDDAY: soyabeans edge higher

US MIDDAY: soyabeans edge higher

US soyabean futures edged higher on Tuesday on hopes that a US-China trade war truce over the weekend would result in fresh Chinese demand for US soyabeans, although no deals have been struck yet. Corn also firmed slightly, following soyabeans, while whea
Published 05 Dec, 2018 12:00am
US MIDDAY: palladium hits record high, gold up

US MIDDAY: palladium hits record high, gold up

Palladium soared to a record in early trade in New York on Tuesday, fuelled by a sustained deficit and speculative interest for the autocatalyst metal, briefly surpassing bullion, which scaled a more than five-week peak as the dollar slid. Spot gold rose
Published 05 Dec, 2018 12:00am
Korean team visits PR HQ

Korean team visits PR HQ

A delegation led by Kim Young June, General Manager of Korea Railway Network Authority, visited Pakistan Railway Headquarters on Tuesday. A detailed briefing regarding Railway Operation and Infrastructure was given by Muhammad Aftab Akbar, Chief Executive
Published 05 Dec, 2018 12:00am
Normal rains forecast for parts of country

Normal rains forecast for parts of country

Pakistan is expected to receive about four rainy spells of a light-to-moderate intensity in current month with snowfall in periods, the Met Office said. It said that slightly above normal rains are expected to fall in the most parts of the country with sn
Published 05 Dec, 2018 12:00am
CCP approves 13 acquisitions in various sectors

CCP approves 13 acquisitions in various sectors

The Competition Commission of Pakistan, as a part of its statutory mandate, has recently approved 13 notified acquisitions in various sectors of Pakistan's economy. All these acquisitions have the potential to bring in Foreign Direct Investment and creati
Published 05 Dec, 2018 12:00am
Foreign newsmen briefed on security situation

Foreign newsmen briefed on security situation

A group of Pakistan based foreign media journalists interacted with DG ISPR, Maj Gen Asif Ghafoor. DG ISPR briefed them about security situation and ongoing stability operations.
Published 05 Dec, 2018 12:00am
Adam Sugar Mills Limited

Adam Sugar Mills Limited

Brief introduction & timeline Adam Sugar Mills Limited (PSX: ADAMS) has been in operation since 1695, when it was first incorporated as Bahawalnagar Sugar Mills Limited. In 1985, the company changed its name to Adam Sugar Mills, and applied for li
Published 05 Dec, 2018 12:00am
Adam Sugar Mills Limited

Adam Sugar Mills Limited

Brief introduction & timeline Adam Sugar Mills Limited (PSX: ADAMS) has been in operation since 1695, when it was first incorporated as Bahawalnagar Sugar Mills Limited. In 1985, the company changed its name to Adam Sugar Mills, and applied for li
Published 05 Dec, 2018 12:00am
Peshawar BRT to be completed by March: Mahmood

Peshawar BRT to be completed by March: Mahmood

Chief Minister Khyber Pakhtunkhwa Mahmood Khan has categorically stated that Bus Rapid Transit (BRT) Peshawar project will be completed by the end of March next year.
Published 05 Dec, 2018 12:00am
Senate Body seeks 10-year performance record of USF

Senate Body seeks 10-year performance record of USF

The Senate Functional Committee on problems of less developed areas on Tuesday sought ten years performance record of Universal Service Fund (USF) and expressed dissatisfaction over services of telecom companies in Balochistan and other less developed are
Published 05 Dec, 2018 12:00am
Senate body for implementation of quota system

Senate body for implementation of quota system

The Senate Functional Committee on Government Assurances showed serious concerns over non-implementation of quota system and said that it is essential to mitigate grievances among smaller provinces and underprivileged areas of the country, asking the rele
Published 05 Dec, 2018 12:00am
PM approves task force on technology driven knowledge economy

PM approves task force on technology driven knowledge economy

Prime Minister Imran Khan has approved, in principle, constitution of a 'Task Force on Technology Driven Knowledge Economy.' The Task Force is being established with an aim to carry out foresight exercises at regular intervals in order to constantly re-ev
Published 05 Dec, 2018 12:00am
National Assembly session summoned on December 10

National Assembly session summoned on December 10

The President of the Islamic Republic of Pakistan has been pleased to summon the Session of the National Assembly on Monday, 10th December, 2018 at 4:00 pm. in the Parliament House, Islamabad. The President has summoned the National Assembly Session in ex
Published 05 Dec, 2018 12:00am
Saiful Islam joins BoK as MD & CEO

Saiful Islam joins BoK as MD & CEO

Saiful Islam has joined the Bank of Khyber (BoK) as Managing Director & CEO on Tuesday, 4 December 2018. Prior to joining BoK he was SEVP/Chief Banking Services (Operations) Group, Allied Bank Limited. Saiful Islam is a versatile and senior banking profes
Published 05 Dec, 2018 12:00am
NAB special prosecutor resigns

NAB special prosecutor resigns

Special Prosecutor National Accountability Bureau (NAB) Imran Shafique, who was part of NAB's Panama cases prosecution team, on Tuesday resigned from his post citing personal reasons. Shafique represented the NAB as a prosecution team member in the Panama
Published 05 Dec, 2018 12:00am
KMB, IFC agree to develop agri-digital scorecard

KMB, IFC agree to develop agri-digital scorecard

Khushhali Microfinance Bank and IFC, a member of the World Bank Group, have agreed to enter into an advisory engagement to support the development of an agri-digital scorecard to accelerate financial inclusion and access to finance for low-income farmers
Published 05 Dec, 2018 12:00am
Allegations against KP-EZDMC CEO termed baseless

Allegations against KP-EZDMC CEO termed baseless

The management of the Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC) has refuted a news item in a newspaper against the CEO as false and based on vengeful agenda against him. According to a press release issued here from t
Published 05 Dec, 2018 12:00am
NAB gets Rai Ijaz's physical remand for 15 days

NAB gets Rai Ijaz's physical remand for 15 days

An accountability court on Tuesday granted 15 days physical remand of a senior police officer Rai Ijaz to the NAB in alleged embezzlement of funds of Rs 700 million. The NAB presented Rai Ijaz before the court and alleged that the SSP had embezzled funds
Published 05 Dec, 2018 12:00am
Protests held against killing of journalist in Peshawar

Protests held against killing of journalist in Peshawar

Journalist fraternity on Tuesday staged protests in different parts of the province against the killing of journalist Noorul Hassan in Peshawar. Noorul Hassan, a local journalist hailing from Nowshera, was shot dead by unknown armed persons on Ring Road i
Published 05 Dec, 2018 12:00am
Experts for creating awareness about healthy lifestyle

Experts for creating awareness about healthy lifestyle

Terming unhealthy lifestyle coupled with poor eating habits as a major challenge, international experts of lifestyle medicine have called for raising more awareness among the people about the necessity of healthy lifestyle and simple diet.
Published 05 Dec, 2018 12:00am
South Punjab to have secretariat soon: CM

South Punjab to have secretariat soon: CM

Punjab Chief Minister Sardar Usman Buzdar said on Tuesday that a Secretariat is being established in Southern Punjab so that people may not have to visit Lahore for redressal of their grievances.
Published 05 Dec, 2018 12:00am
Plea to remove name from ECL: IHC reserves verdict on Zulfi's petition

Plea to remove name from ECL: IHC reserves verdict on Zulfi's petition

Islamabad High Court (IHC) Tuesday reserved judgement on the petition of Syed Zulfiqar Abbas Bukhari, Special Assistant to the Prime Minister on Overseas Pakistanis and Human Resource Development who seeks removal of his name from the Exit Control List (E
Published 05 Dec, 2018 12:00am
Telenor group delegation meets PM

Telenor group delegation meets PM

Sigve Brekke, President and CEO of Telenor Group, along with Irfan Wahab Khan, CEO of Telenor Pakistan and Petter-Børre Furberg, Executive Vice President Telenor Group met Prime Minister of Pakistan Imran Khan to discuss growing and evolving digital ecosy
Published 05 Dec, 2018 12:00am
Rs 70 million package announced for SP Dawar's family, relatives

Rs 70 million package announced for SP Dawar's family, relatives

Minister of State for Interior Shehryar Afridi has announced Rs 70 millions' compensation package for the bereaved family and close relatives of Superintendent of Police (SP) Tahir Khan Dawar who was martyred in Afghanistan.
Published 05 Dec, 2018 12:00am
Minister lauds working of NICVD's chest pain units

Minister lauds working of NICVD's chest pain units

Advisor to Chief Minister Sindh for Information, Law and Anticorruption Barrister Murtaza Wahab said that chest pain units of NICVD were unique and emerged as successful cardiac emergency programme in the world for providing timely medical aid to patients
Published 05 Dec, 2018 12:00am
Japan government's prestigious decoration for Dr Muhammad Amin

Japan government's prestigious decoration for Dr Muhammad Amin

The Government of Japan has conferred the prestigious decoration, The Order of the Rising Sun, Gold Rays with Rosette upon Dr. Muhammad Amin of Pakistan in recognition of his significant contributions for promoting Japan-Pakistan relations by establishing
Published 05 Dec, 2018 12:00am
Ban imposed on purchasing vehicles by ministries, divisions

Ban imposed on purchasing vehicles by ministries, divisions

The government has imposed a complete ban on purchase of all types of vehicles by ministries and divisions, and directed them to reduce their expenditure by 10 percent by Dec 15 under the austerity drive in the current fiscal year.
Published 05 Dec, 2018 12:00am
35 shops demolished

35 shops demolished

The district administration's anti-encroachment drive continued for second consecutive day as 35 encroached shops worth Rs750 million at Shah Alam Market were demolished on Tuesday. Talking to media, Deputy Commission Lahore Saleha Saeed said the illegal
Published 05 Dec, 2018 12:00am
Textile industry urged to avail ITMA platform for innovation
Cotton

Textile industry urged to avail ITMA platform for innovation

The All Pakistan Textile Mills Association (APTMA) Punjab Chairman Adil Bashir said Tuesday the reemerging textile industry of Pakistan has an opportunity in the shape of ITMA 2019 to avail opportunities future transformation of industry, adopting innovat
Published 05 Dec, 2018 12:00am
PKI urges sugar mills to start cane crushing

PKI urges sugar mills to start cane crushing

Pakistan Kissan Ittehad has urged the 82 sugar mills to start much delayed cane crushing season 2018-19 across the country as the government has met their demands for this purpose. Talking to Business Recorder here on Tuesday PKI President Khalid M
Published 05 Dec, 2018 12:00am
Kaira terms PM's interview 'disappointing'

Kaira terms PM's interview 'disappointing'

Pakistan Peoples Party (PPP) Punjab President Qamar Zaman Kaira said on Tuesday that Prime Minister Imran Khan was disappointed from the Chief Justice of Pakistan because of issuance of summons to Aleema Khan, Usman Buzdar and Zulfi Bukhari. Addressing a
Published 05 Dec, 2018 12:00am
484 food workers out of total 3,846 found sick: PFA DG

484 food workers out of total 3,846 found sick: PFA DG

As many as 484 food handlers (FHs) out of total 3,846 were found sick during a medical test conducted by the Punjab Food Authority (PFA) during November 2018, said PFA Director General Muhammad Usman on Tuesday. According to the statistics of medical scre
Published 05 Dec, 2018 12:00am
Governor House wall: LHC seeks replies from governments by December 15

Governor House wall: LHC seeks replies from governments by December 15

The Lahore High Court (LHC) on Tuesday sought replies from the federal and provincial governments by December 15 on two identical petitions seeking restoration of demolished walls of the Governor House. The petitioners Ahmed Khalid and Amina Malik through
Published 05 Dec, 2018 12:00am
Indian Punjab CM's goodwill message on Kartarpur corridor

Indian Punjab CM's goodwill message on Kartarpur corridor

Indian Punjab Chief Minister Captain Amarinder Singh (r) has sent a goodwill message to Speaker Punjab Assembly Ch Parvez Elahi on the opening of Kartarpur Corridor. Amarinder Singh has conveyed this message through a delegation of the Indian Medical Asso
Published 05 Dec, 2018 12:00am
REAP holds awareness session for Basmati rice exporters
Cotton

REAP holds awareness session for Basmati rice exporters

The Rice Export Association of Pakistan (REAP) in collaboration with Eurofins Global Control, an international inspection company offering supply chain control solutions to achieve product quality and safety from the origin to the consumer, on Tuesday arr
Published 05 Dec, 2018 12:00am
'Russia keen to promote trade'

'Russia keen to promote trade'

Deputy Chief of Russian Mission Vladimir Berezyuk on Tuesday visit Sialkot Chamber of Commerce and Industry (SCCI) to discuss ways and means for enhancing bilateral trade between Russia and Pakistan.
Published 05 Dec, 2018 12:00am
Government's honeymoon period is over: Siraj

Government's honeymoon period is over: Siraj

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that the honey moon period of the government was over and now it should seriously attend to its job. Addressing the central leaders of the JI at Mansoora, he said that the people in the government we
Published 05 Dec, 2018 12:00am
'Trump letter to Prime Minister a big diplomatic success'

'Trump letter to Prime Minister a big diplomatic success'

Founder Chairman Pak-US Business Council, Iftikhar Ali Malik has termed the US President Donald Trump letter to Prime Minister Imran Khan for helping Americans in Afghanistan a big diplomatic success for Pakistan and said the business community demands im
Published 05 Dec, 2018 12:00am
Punjab Assembly adopts four resolutions

Punjab Assembly adopts four resolutions

The treasury benches on Tuesday failed to give satisfactory answers of the questions raised about the departments of livestock and dairy development, agriculture and irrigation. The session started one hour late under the chair of Deputy Speaker Dost Muha
Published 05 Dec, 2018 12:00am
Cement dispatches: negative growth in November 2018

Cement dispatches: negative growth in November 2018

The cement sector is passing through a lean period which despite mammoth growth in exports still recorded negative growth of 1 percent in November 2018 as compared to same month last year. The growth momentum maintained by the cement industry for five yea
Published 05 Dec, 2018 12:00am
PTEA demands early release of duty drawback taxes claims

PTEA demands early release of duty drawback taxes claims

Pakistan Textile Exporters Association (PTEA) has stressed for immediate release of funds for payment of outstanding Duty Drawback of Taxes claims to achieve desired results of sustainable growth through enhanced exports. Textile industry has the capacity
Published 05 Dec, 2018 12:00am
APMPEA hails PM's vision of promoting livestock

APMPEA hails PM's vision of promoting livestock

All Pakistan Meat Processors & Exporters Association (APMPEA) Chairman Nasib Ahmad Saifi welcomed the Prime Minister's vision to promote livestock farming as the engine of growth and urged the government to give preference to meat processors and exporters
Published 05 Dec, 2018 12:00am
PLGMEA seeks government's help for financial aid from banks

PLGMEA seeks government's help for financial aid from banks

Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA) has sought the federal government's help for financial assistance from commercial banks. In a statement issued here on Tuesday, Chairman PLGMEA Syed Shujaat said that Prime Minister
Published 05 Dec, 2018 12:00am
BECS teachers' protest continues

BECS teachers' protest continues

The teachers of Basic Education Community Schools (BECS) continued their protest for the second consecutive day here at D-Chowk on Tuesday to press the government to meet their demands. The protesting teachers blocked D-Chowk while demanding job regularis
Published 05 Dec, 2018 12:00am
Bahria Town case: Elahi seeks time to submit reply in SC

Bahria Town case: Elahi seeks time to submit reply in SC

Punjab Assembly speaker Chaudhry Pervez Elahi on Tuesday sought time to file reply in a case of approving demarcation of forest land in Takht Pari near the federal capital as well as allotment of land to his near and dear ones. A five-member larger bench
Published 05 Dec, 2018 12:00am
Qureshi sees enormous potential in ECO's fraternal nations

Qureshi sees enormous potential in ECO's fraternal nations

Foreign Minister Shah Mahmood Qureshi Tuesday stressed for bolstering trade and economic relations amongst the member states of Economic Cooperation Organisation (ECO) for bringing economic prosperity in the region. "Pakistan is not only a close neighbour
Published 05 Dec, 2018 12:00am
Workshop on anti-money laundering, CFT held

Workshop on anti-money laundering, CFT held

"Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) laws and compliance thereto are mandatory for all the business entities in the NBFI and Modarabas sector whatever activity they perform." This was stated by Raheel Qamar Ahmad, Chair
Published 05 Dec, 2018 12:00am
97th Islamic orientation programme held at IIUI

97th Islamic orientation programme held at IIUI

The 97th 'Islamic Orientation Programme' organized by Dawah academy of the international Islamic University Islamabad (IIUI) for 'Aima and Khutaba' commenced here at Faisal Masjid campus. As many as 30 Aima o Khutba from various regions of country are par
Published 05 Dec, 2018 12:00am
Experts highlight importance of GM crops

Experts highlight importance of GM crops

The agricultural biotechnology has enabled the Pakistani farmers to grow genetically modified crops in a more sustainable manner which would ensure adequate food supply with economic, social and environmental benefits. Biotechnology experts told Busine
Published 05 Dec, 2018 12:00am
Policy rate hike to adversely affect SMEs: AMTF
Currency

Policy rate hike to adversely affect SMEs: AMTF

KCCI member and Afzaal Memorial Thalassemia Foundation (AMTF) executive director Ateeq-ur-Rehman expressed his deep concerns over increase in policy rate which reached six years highest. He phrased fear that increase in policy rates will adversely hit har
Published 05 Dec, 2018 12:00am
PM House to have Islamabad national University

PM House to have Islamabad national University

The ministry of federal education and professional training has completed the process of establishing a research university at the Prime Minister House. The proposed name of the university is Islamabad National University. Sources in federal education min
Published 05 Dec, 2018 12:00am
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