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Apr 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-01-20
China's iron ore imports post first annual drop since 2010

China's iron ore imports post first annual drop since 2010

China's 2018 iron ore imports fell by 1 percent from the previous year, the first annual decline since 2010, according to data from the General Administration of Customs on Monday. Full-year iron ore imports fell to 1.064 billion tonnes in 2018 from an an
Published 20 Jan, 2019 12:00am
China's ageing corn stocks to be fully digested in 2019

China's ageing corn stocks to be fully digested in 2019

China will likely sell off the last of its ageing corn stocks this year, an agriculture ministry official said on Wednesday, returning stocks of the grain in the world's No. 2 consumer to "normal levels". Beijing had accumulated hundreds of millions of to
Published 20 Jan, 2019 12:00am
Rebound in EU grain crop seen outweighing demand next season

Rebound in EU grain crop seen outweighing demand next season

The European Union faces higher stockpiles of grains next season as cereal production is expected to rebound after last year's drought-damaged harvest, outpacing rising demand, Strategie Grains analysts said.
Published 20 Jan, 2019 12:00am
CBOT corn futures firm on short-covering

CBOT corn futures firm on short-covering

Chicago Board of Trade (CBOT) corn futures firmed on Friday as renewed optimism about US-China trade talks triggered short-covering and technical buying, traders said. CBOT March corn settled 1-3/4 cents higher at $3.81-3/4 per bushel after holding chart
Published 20 Jan, 2019 12:00am
Cotton prices firmer on subdued business
Cotton

Cotton prices firmer on subdued business

Prices steady on the cotton market on Saturday in the process of slow trading activity, dealers said. The official spot rate was unchanged at Rs 8,700, they added. In the ready session, around 3000 bales of cotton changed hands between Rs 8050-9075, they
Published 20 Jan, 2019 12:00am
Canadian canola futures up

Canadian canola futures up

ICE Canadian canola futures gained on Thursday, lifted by a sharp rise in soyaoil prices and weakness in the Canadian dollar. Canola had become oversold, and much of the buying was short-covering, a trader said. Most-active March canola gained $3.80 to $4
Published 20 Jan, 2019 12:00am
European gasoline margins flat

European gasoline margins flat

Northwest European gasoline refining margins were little changed on Thursday, with heavy stocks on both sides of the Atlantic weighing on the market. Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose
Published 20 Jan, 2019 12:00am
Philippines buy feed wheat

Philippines buy feed wheat

Importers in the Philippines purchased about 85,000 tonnes of feed wheat in a deal earlier this week, European traders said on Friday. Some 50,000 tonnes was bought at below $260 a tonne c&f for shipment to the port of Batangas. The United States was seen
Published 20 Jan, 2019 12:00am
Brazil's Bovespa crosses 96,000

Brazil's Bovespa crosses 96,000

Brazil's benchmark stock index reached an all-time high on Friday on positive investor sentiment about the new government's pension reform plans and US-China trade talks, while Latin American currencies steadied against the US dollar. The Bovespa, one of
Published 20 Jan, 2019 12:00am
Investors punish poorly performing hedge funds by pulling billions

Investors punish poorly performing hedge funds by pulling billions

Hedge funds suffered their worst quarterly outflows in two years when investors pulled $23 billion from the industry during the last three months of 2018, new data released on Friday show. In total, investors asked for $34 billion back last year, but the
Published 20 Jan, 2019 12:00am
Investors punish poorly performing hedge funds by pulling billions

Investors punish poorly performing hedge funds by pulling billions

Hedge funds suffered their worst quarterly outflows in two years when investors pulled $23 billion from the industry during the last three months of 2018, new data released on Friday show. In total, investors asked for $34 billion back last year, but the
Published 20 Jan, 2019 12:00am
Italy draws record demand for new BTP syndicated deal

Italy draws record demand for new BTP syndicated deal

Italy raised 10 billion euros on Tuesday in its biggest ever syndicated bond sale, drawing total investor orders of more than 35.5 billion euros ($41 billion), a lead manager at one of the banks that helped sell the debt said. Demand for the 15-year bond
Published 20 Jan, 2019 12:00am
Italy draws record demand for new BTP syndicated deal

Italy draws record demand for new BTP syndicated deal

Italy raised 10 billion euros on Tuesday in its biggest ever syndicated bond sale, drawing total investor orders of more than 35.5 billion euros ($41 billion), a lead manager at one of the banks that helped sell the debt said. Demand for the 15-year bond
Published 20 Jan, 2019 12:00am
Foreign buying of emerging Asian bonds in 2018 fell sharply

Foreign buying of emerging Asian bonds in 2018 fell sharply

Foreign purchases of bonds issued in five Asian markets in 2018 fell sharply from the previous year, data shows, as the Sino-US trade war and higher US yields prompted many investors to shy away from riskier assets. Data from central banks and bond market
Published 20 Jan, 2019 12:00am
Foreign buying of emerging Asian bonds in 2018 fell sharply

Foreign buying of emerging Asian bonds in 2018 fell sharply

Foreign purchases of bonds issued in five Asian markets in 2018 fell sharply from the previous year, data shows, as the Sino-US trade war and higher US yields prompted many investors to shy away from riskier assets. Data from central banks and bond market
Published 20 Jan, 2019 12:00am
Wall Street extends rally on US-China trade optimism

Wall Street extends rally on US-China trade optimism

US stocks rallied on Friday, helping Wall Street's major indexes advance for the fourth consecutive week, as increased hopes the United States and China would resolve their trade dispute lifted shares across sectors. The market was boosted after a Bloombe
Published 20 Jan, 2019 12:00am
Argentina $30 million in forex market
Currency

Argentina $30 million in forex market

Argentina's central bank said it bought $30 million at an average price of 37.4740 per US dollar in the foreign exchange market on Wednesday. The central bank has been intervening by buying up to $50 million every day since Jan. 10 in an effort to keep th
Published 20 Jan, 2019 12:00am
Dollar LIBOR falls to lowest in 6-1/2 weeks
Libor

Dollar LIBOR falls to lowest in 6-1/2 weeks

A key gauge of inter-bank interest rates decreased on Friday to its lowest in 6-1/2 weeks as traders expect short-term borrowing costs to decline on worries about slowing economic growth and the US Federal Reserve being in no hurry to raise rates.
Published 20 Jan, 2019 12:00am
Canadian dollar keeps pace with greenback
Currency

Canadian dollar keeps pace with greenback

The Canadian dollar was little changed against its broadly stronger US counterpart on Friday, supported by hopes of a possible end to the US-China trade war and domestic data showing that inflation rose more than expected in December.
Published 20 Jan, 2019 12:00am
All clear or keep clear? Turkey's lira still vulnerable
Currency

All clear or keep clear? Turkey's lira still vulnerable

Having suffered its worst year in nearly two decades in 2018, Turkey's lira was earmarked by many as the "comeback kid" of this year - with local policymaking getting the benefit of the doubt at last and global currency markets calming.
Published 20 Jan, 2019 12:00am
ArcelorMittal to build its first ever desalination plant in Brazil

ArcelorMittal to build its first ever desalination plant in Brazil

ArcelorMittal SA, the world's largest steelmaker, is set to build its first-ever desalination unit in Brazil to handle unforeseen water needs at its plant in the eastern state of Espírito Santo, senior company executives said in an interview on Friday.
Published 20 Jan, 2019 12:00am
Russia plans tougher grain export controls

Russia plans tougher grain export controls

Russia's state agriculture watchdog is considering plans to strengthen controls on grain exports, Russian news agencies reported on Saturday. There has been speculation that the world's largest wheat exporter could limit grain exports later in the 2018/19
Published 20 Jan, 2019 12:00am
GM warns workers in Brazil on losses, tough turnaround plan

GM warns workers in Brazil on losses, tough turnaround plan

General Motors Co has warned employees in Brazil that new investments there depend on a painful plan to return to profit in the country, according to a memo seen by Reuters on Saturday. In a message posted at Brazilian plants, GM's top executive in Brazil
Published 20 Jan, 2019 12:00am
S&P affirms Russia's rating with stable outlook

S&P affirms Russia's rating with stable outlook

S&P Global Ratings affirmed Russia's "BBB-/A-3" credit rating on Friday, saying the country's solid external and public balance sheets should enable its economy to absorb shocks from possible new international sanctions. S&P believes that a scenario where
Published 20 Jan, 2019 12:00am
S&P affirms Russia's rating with stable outlook

S&P affirms Russia's rating with stable outlook

S&P Global Ratings affirmed Russia's "BBB-/A-3" credit rating on Friday, saying the country's solid external and public balance sheets should enable its economy to absorb shocks from possible new international sanctions. S&P believes that a scenario where
Published 20 Jan, 2019 12:00am
Scuffles break out as 'yellow vests' march in Paris in latest protest

Scuffles break out as 'yellow vests' march in Paris in latest protest

Scuffles broke out on Saturday as around 7,000 "yellow vest" demonstrators marched through Paris in a 10th consecutive weekend of protests against President Emmanuel Macron's government. The demonstrations were largely peaceful but Reuters Television repo
Published 20 Jan, 2019 12:00am
Treasury finalises tax rule on pass-through businesses

Treasury finalises tax rule on pass-through businesses

The US Treasury on Friday released final regulations for a tax deduction of up to 20 percent for US businesses organized as so-called pass-through entities, under President Donald Trump's 2017 overhaul of the US tax system.
Published 20 Jan, 2019 12:00am
Thousands protest in Berlin against industrialised agriculture

Thousands protest in Berlin against industrialised agriculture

Thousands of protesters, backed by a procession of farm tractors, marched in Berlin Saturday for environmental protection and against the industrial agriculture lobby. Police put the number of demonstrators at over 12,000, while organisers said 35,000 tur
Published 20 Jan, 2019 12:00am
Zimbabwe police erect road blocks to hunt protesters

Zimbabwe police erect road blocks to hunt protesters

Zimbabwe police manned checkpoints on many main roads on Saturday, searching vehicles for protesters allegedly involved in recent anti-government demonstrations. The crackdown by security forces has been fiercely criticised by the UN human rights office,
Published 20 Jan, 2019 12:00am
Iraqi air strikes hit IS in east Syria

Iraqi air strikes hit IS in east Syria

At least 20 Islamic State group jihadists were killed Saturday in Iraqi air raids on their embattled enclave in eastern Syria, a war monitor reported. The raids come a day after a US-led air strike on the Euphrates Valley village of Baghouz killed six civ
Published 20 Jan, 2019 12:00am
Six civilians dead in US-led strike in Syria

Six civilians dead in US-led strike in Syria

Four children were among at least six civilians killed in a US-led air strike on the Islamic State group's embattled enclave in eastern Syria, a monitor said on Saturday. The Friday strike on the Euphrates Valley village of Baghouz killed 10 IS fighters a
Published 20 Jan, 2019 12:00am
Thousands join US women's march despite discord

Thousands join US women's march despite discord

Thousands of women were gathering Saturday in the US capital and across the country for their annual message opposing Donald Trump and supporting women's rights, but internal divisions appeared to steal some energy from the rallies.
Published 20 Jan, 2019 12:00am
Philippines' richest man Sy dies

Philippines' richest man Sy dies

The Philippines' wealthiest man Henry Sy, who rose from being a penniless Chinese immigrant to leading a multi-billion dollar business empire, died on Saturday, his conglomerate has announced. The 94-year-old, from the Chinese city of Xiamen, made his for
Published 20 Jan, 2019 12:00am
Three migrants dead, 15 missing off Libya

Three migrants dead, 15 missing off Libya

Three migrants died and about 15 were missing off the Libyan coast, the Italian navy said Saturday, after staging a rescue operation in the Mediterranean. The navy intervened on Friday and a helicopter rescued three people suffering from hypothermia who w
Published 20 Jan, 2019 12:00am
Merkel eyes closer ties in EU defence systems

Merkel eyes closer ties in EU defence systems

German Chancellor Angela Merkel said on Saturday the European Union must deepen cooperation in defence and in particular weapons systems development, warning Germans that they may need to make compromises on strict export controls.
Published 20 Jan, 2019 12:00am
Prices of essential kitchen items remain stable

Prices of essential kitchen items remain stable

Prices of essential kitchen items remained stable during this week past as compared to preceding week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed that during the week under review, prices of most of the v
Published 20 Jan, 2019 12:00am
Body directed to keep eye on supply, prices of essential items

Body directed to keep eye on supply, prices of essential items

Punjab Industry and Trade Minister Mian Aslam Iqbal has directed the price control committee to keep an eye on the supply and prices of essential items in model bazaars and Sunday bazaars throughout the province. He expressed these views while presiding o
Published 20 Jan, 2019 12:00am
NIC start-up baseH gets initial valuation of $4 million

NIC start-up baseH gets initial valuation of $4 million

The developers of one of the earliest artificial intelligence (AI) based content-writing software in the world from Pakistan, baseH Technologies (baseH), incubated at National Incubation Center (NIC) Karachi, receive unprecedented valuation at seed fundin
Published 20 Jan, 2019 12:00am
PIA's Europe flight from Sialkot to take off today

PIA's Europe flight from Sialkot to take off today

Pakistan International Airlines (PIA) will commence flight to Europe from Sialkot today. "The national flag carrier is the first airline operating passengers and cargo flights for Europe from Sialkot," PIA spokesman said. The maiden Sialkot-Paris-Barcelon
Published 20 Jan, 2019 12:00am
RLNG supply to resume in Punjab today

RLNG supply to resume in Punjab today

According to the spokesperson of the Sui Northern Gas Pipe Lines Limited supply of Regasified Liquefied Natural Gas (RLNG) to the Punjab's industrial, fertilizer, CNG and power sector will be restored by Sunday morning as cargoes of both PSO & PLL have bi
Published 20 Jan, 2019 12:00am
PFC urges government to introduce skill development programme

PFC urges government to introduce skill development programme

Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq has urged the government to introduce a skill development programme for the export-oriented furniture industry to promote the country's value-added sector. Chairing a meeting of the board
Published 20 Jan, 2019 12:00am
GUARD to introduce drought-tolerant rice variety

GUARD to introduce drought-tolerant rice variety

After successfully launching the hybrid rice varieties, the Guard Agriculture Research and Services Limited (GUARD) is soon going to introduce drought tolerant rice variety to mitigate the negative impact of water shortage on rice production. This was dis
Published 20 Jan, 2019 12:00am
Punjab government to launch WM&RS project in 72 villages

Punjab government to launch WM&RS project in 72 villages

The government on Saturday approved launching of Waste Management and Rural Sanitation (WM&RS) Project initially for 72 villages of Punjab and two villages will be selected from each district. The decision was taken in meeting that was presided over by Pu
Published 20 Jan, 2019 12:00am
Textile sector urged to use Danish water treatment technology

Textile sector urged to use Danish water treatment technology

Developed and under developed countries should keep bilateral relations to utilize each other technology and to compete the challenges of new era. Denmark embassy will play its role to provide each possible assistance and has desired that textile industri
Published 20 Jan, 2019 12:00am
Baldia factory fire case: ATC summons more witnesses on January 23

Baldia factory fire case: ATC summons more witnesses on January 23

Senior leader of Muttahida Qaumi Movement-Pakistan (MQM-P), Rauf Siddiqui, appeared before the anti-terrorism court (ATC) on Saturday in Baldia factory fire case. MQM workers Rehman alias Bhoola, Zubair, and others also appeared before the ATC. The court
Published 20 Jan, 2019 12:00am
Rain, snowfall likely in most parts of country today

Rain, snowfall likely in most parts of country today

A new spell of rain and snowfall is expected from Sunday to grip nearly all parts of the country from southern port city to the northern areas, the Met Office said on Saturday. A new weather system has entered the country that is likely to unleash widespr
Published 20 Jan, 2019 12:00am
KATI demands relief in upcoming mini-budget

KATI demands relief in upcoming mini-budget

Acting President of Korangi Association of Trade and Industry (KATI), Faraz-ur-Rehman has expressed hoped the government would provide relief to industry in upcoming "mini budget".
Published 20 Jan, 2019 12:00am
Symposium on 'Emergency Medicine' held at ZU

Symposium on 'Emergency Medicine' held at ZU

"There are 43 percent of deaths in children aged 1-4, 52 percent of deaths in children aged 5-14, 76 percent of deaths in children aged 15-24 and the biggest reason of sudden deaths among youngsters are mostly injuries. Males are more likely to sustain in
Published 20 Jan, 2019 12:00am
Anti-polio drive in KP begins on Monday

Anti-polio drive in KP begins on Monday

The first anti-polio campaign of the year will be commenced from Monday (tomorrow) across the province including the recently merged sub-division (FRs) wherein more than 5.89 million children under the age of five years will be given Oral Polio Vaccine (O
Published 20 Jan, 2019 12:00am
Malaysian team lauds organisers for making PEOC a permanent feature

Malaysian team lauds organisers for making PEOC a permanent feature

High level Malaysian delegation headed by the Datuk Seri Shamsul Iskandar bin Mohd Akin, Deputy Minister of Primary Industries in Malaysia along-with the Secretary General of Malaysian Palm Oil Ministry and other high profile officials from Malaysian Palm
Published 20 Jan, 2019 12:00am
'CJP Khosa has no Twitter account'

'CJP Khosa has no Twitter account'

The Supreme Court on Saturday clarified that Chief Justice Asif Saeed Khan Khosa has no Twitter account and the account being run on social media in his name is fake. The statement issued by the apex court said that Chief Justice Asif Saeed Khan Khosa is
Published 20 Jan, 2019 12:00am
KP CM to formally inaugurate Karak oil refinery

KP CM to formally inaugurate Karak oil refinery

KP Chief Minister Mahmood Khan will formally inaugurate the oil refinery at district Karak and for this purpose has directed the convening of a meeting of authorities concerned to finalise all requirements in this regard.
Published 20 Jan, 2019 12:00am
UNGA chief participates in tree plantation drive

UNGA chief participates in tree plantation drive

President of UN General Assembly Maria Espinosa along with Advisor to Prime Minister on Climate Change Malik Amin Aslam and Pakistan's Ambassador at UN Dr Maleeha Lodhi planted a tree here in the federal capital on Saturday as part of Ten Billion Tree Tsu
Published 20 Jan, 2019 12:00am
Peshawar's BRT to be inaugurated on March 23

Peshawar's BRT to be inaugurated on March 23

The construction work on the Bus Rapid Transit (BRT) is speedily under way so that to inaugurate the mega project on March 23, 2019. In addition, the government is going to start Rs 200 million's project for restoration of historical beauty of Khyber Baza
Published 20 Jan, 2019 12:00am
Motiwala for early resolution of Pak-Afghan trade & transit issues

Motiwala for early resolution of Pak-Afghan trade & transit issues

Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) has sought time from Prime Minister's Adviser on Commerce, Textile, Industries, Production and Investment Abdul Razak Dawood to discuss issues being faced by the business community of bo
Published 20 Jan, 2019 12:00am
Asfandyar calls for defeating mindset of terrorism

Asfandyar calls for defeating mindset of terrorism

ANP's president, Asfandyar Wali Khan has said that for the establishment of durable peace there is no other option than defeating the mindset of terrorism. He expressed these views in message on eve of the third anniversary of terrorists' attack on Bacha
Published 20 Jan, 2019 12:00am
PM takes to Twitter to censure 'ruling elite' over ECL issue

PM takes to Twitter to censure 'ruling elite' over ECL issue

Prime Minister Imran Khan on Saturday took to Twitter once again to censure the 'ruling elite' over their reaction to the government's decision to place their names on the Exit Control List (ECL). Khan, who is very fond of social media, took to Twitter to
Published 20 Jan, 2019 12:00am
Robberies on the rise in federal capital
Currency

Robberies on the rise in federal capital

There is no let-up in increasing crime cases in the heavily-guarded federal capital as armed robbers struck various places of the city, depriving citizens of cash and valuables worth millions of rupees. According to data gathered by Business Recorder <
Published 20 Jan, 2019 12:00am
Afridi vows to make Pakistan a drug-free country

Afridi vows to make Pakistan a drug-free country

Minister of State for Interior Shehryar Khan Afridi Saturday categorically said the government would make all-out efforts to make the country free of drugs and a full-fledged operation against drug and land mafia would continue.
Published 20 Jan, 2019 12:00am
'Post-18th Amendment fiscal challenges'

'Post-18th Amendment fiscal challenges'

Through my letter to this newspaper I wish to draw attention of Senator Raza Rabbani, the chairman of a parliamentary committee that gave birth to the 18th Constitutional Amendment, to what the two seasoned tax experts have suggested for achieving fiscal
Published 20 Jan, 2019 12:00am
A month into US govt shutdown, the economy blinks first

A month into US govt shutdown, the economy blinks first

After four weeks, the partial shutdown of the US government has begun to rattle the world's largest economy, particularly hitting consumer sentiment, a mainstay of growth. A closely-watched monthly consumer survey on Friday touched its lowest level since
Published 20 Jan, 2019 12:00am
Same old elite? Macron's 'revolution' fails with fed up French

Same old elite? Macron's 'revolution' fails with fed up French

Jean-Baptiste Moreau, a farmer who splits his time between parliament and his cowsheds, thought he would be part of the solution to France's political problems when he was elected. The 41-year-old won a seat in parliament in June 2017 in what some comment
Published 20 Jan, 2019 12:00am
Time to strengthen SBP's MPC
Currency

Time to strengthen SBP's MPC

The economic team, including SBP, is taking too much time to make moves, and in the process taking some unwarranted decisions. The disposition was not much different for previous regimes; but the learning curve is proving to be too costly as there are not
Published 20 Jan, 2019 12:00am
PTI government versus NAB

PTI government versus NAB

As the federal government's spokesman, Information Minister Fawad Chaudhry normally does a pretty good job of explaining and defending its policies. But when it comes to any controversial issue involving Prime Minister Imran Khan, logic, even common sensi
Updated 29 Jul, 2019 07:05am
Is our parliament a rudderless ship?

Is our parliament a rudderless ship?

On the face of it, the suggestion of opposition leader Syed Khursheed Shah is completely accurate. According to him, an ad needs to be placed in media to find out prime minister Imran Khan because he is missing from the National Assembly ever since his el
Updated 29 Jul, 2019 07:08am
Pakistan beat South Africa by five wickets in first ODI

Pakistan beat South Africa by five wickets in first ODI

Imam-ul-Haq and Mohammad Hafeez hit half centuries as Pakistan cruised to a five-wicket win over South Africa in the opening one-day international on Saturday. Opener Imam hit 86 while Hafeez finished on an unbeaten 71 as Pakistan chased down their 267-ru
Published 20 Jan, 2019 12:00am
Pakistan beat South Africa by five wickets in first ODI

Pakistan beat South Africa by five wickets in first ODI

Imam-ul-Haq and Mohammad Hafeez hit half centuries as Pakistan cruised to a five-wicket win over South Africa in the opening one-day international on Saturday. Opener Imam hit 86 while Hafeez finished on an unbeaten 71 as Pakistan chased down their 267-ru
Published 20 Jan, 2019 12:00am
Omni Group: FIA asked to submit reply by January 23

Omni Group: FIA asked to submit reply by January 23

The banking court on Saturday issued notices to Federal Investigation Agency (FIA) to submit its reply on January 23 after Anwar Majeed and his son Abdul Ghani Majeed, accused in money laundering case, moved the court for bail.
Published 20 Jan, 2019 12:00am
Omni Group: FIA asked to submit reply by January 23

Omni Group: FIA asked to submit reply by January 23

The banking court on Saturday issued notices to Federal Investigation Agency (FIA) to submit its reply on January 23 after Anwar Majeed and his son Abdul Ghani Majeed, accused in money laundering case, moved the court for bail.
Published 20 Jan, 2019 12:00am
Nai Gaj dam project: capital cost soars to Rs 41.791 billion

Nai Gaj dam project: capital cost soars to Rs 41.791 billion

The capital cost of Nai Gaj Dam in Dadu district of Sindh has gone up manifold from Rs16.924 billion in 2009 to Rs41.791 billion in 2019, a working paper of the project indicated. Federal government is mainly financing the project with sharing 96 percent
Published 20 Jan, 2019 12:00am
Nai Gaj dam project: capital cost soars to Rs 41.791 billion

Nai Gaj dam project: capital cost soars to Rs 41.791 billion

The capital cost of Nai Gaj Dam in Dadu district of Sindh has gone up manifold from Rs16.924 billion in 2009 to Rs41.791 billion in 2019, a working paper of the project indicated. Federal government is mainly financing the project with sharing 96 percent
Published 20 Jan, 2019 12:00am
Nai Gaj dam project: capital cost soars to Rs 41.791 billion

Nai Gaj dam project: capital cost soars to Rs 41.791 billion

The capital cost of Nai Gaj Dam in Dadu district of Sindh has gone up manifold from Rs16.924 billion in 2009 to Rs41.791 billion in 2019, a working paper of the project indicated. Federal government is mainly financing the project with sharing 96 percent
Published 20 Jan, 2019 12:00am
UNGA President visits markets of Islamabad

UNGA President visits markets of Islamabad

The visiting President of UN General Assembly Maria Fernanda Espinosa on Saturday spent her second day in the federal capital by visiting markets for shopping, reflecting improved security situation in the country. President Espinosa who is visiting Pakis
Published 20 Jan, 2019 12:00am
Business Recorder Staffer grieved

Business Recorder Staffer grieved

Haji Sana Ullah, father of senior staff reporter of the Business Recorder, Islamabad, Mushtaq Ghumman, passed away on Saturday after prolong illness. His funeral prayers will be offered at 2pm on Sunday in Koloki Village near Sambrial, District Sia
Published 20 Jan, 2019 12:00am
Rashid 'predicts' Trump's visit to Pakistan

Rashid 'predicts' Trump's visit to Pakistan

Federal Minister for Railways Sheikh Rashid Ahmad has claimed that Saudi Arabia will make a huge investment in Pakistan in near future. The minister revealed this while talking to the media on Saturday at Railways Headq-uarters. "I can see Trump visiting
Published 20 Jan, 2019 12:00am
Rashid 'predicts' Trump's visit to Pakistan

Rashid 'predicts' Trump's visit to Pakistan

Federal Minister for Railways Sheikh Rashid Ahmad has claimed that Saudi Arabia will make a huge investment in Pakistan in near future. The minister revealed this while talking to the media on Saturday at Railways Headq-uarters. "I can see Trump visiting
Published 20 Jan, 2019 12:00am
Cabinet clears Gharo solar project''s tariff notification

Cabinet clears Gharo solar project''s tariff notification

The Cabinet is said to have cleared tariff notification of 50MW M/s Gharo Solar Power Project on the reason that the company will sell produced electric power to K-Electric as Energy Purchase Agreement (EPA) will be signed by the company with KE at its ow
Published 20 Jan, 2019 12:00am
Cabinet clears Gharo solar project's tariff notification

Cabinet clears Gharo solar project's tariff notification

The Cabinet is said to have cleared tariff notification of 50MW M/s Gharo Solar Power Project on the reason that the company will sell produced electric power to K-Electric as Energy Purchase Agreement (EPA) will be signed by the company with KE at its ow
Published 20 Jan, 2019 12:00am
Cabinet clears Gharo solar project's tariff notification

Cabinet clears Gharo solar project's tariff notification

The Cabinet is said to have cleared tariff notification of 50MW M/s Gharo Solar Power Project on the reason that the company will sell produced electric power to K-Electric as Energy Purchase Agreement (EPA) will be signed by the company with KE at its ow
Published 20 Jan, 2019 12:00am
''Relative economic slowdown is inevitable''

''Relative economic slowdown is inevitable''

A section of media on January 18 carried analysis and comments on "Global Economic Condition Survey" (GECS) and the latest edition of GECS contends Pakistan''s economy''s confidence fell in the final quarter of 2018 as it continued to struggle with macroe
Published 20 Jan, 2019 12:00am
'Relative economic slowdown is inevitable'

'Relative economic slowdown is inevitable'

A section of media on January 18 carried analysis and comments on "Global Economic Condition Survey" (GECS) and the latest edition of GECS contends Pakistan's economy's confidence fell in the final quarter of 2018 as it continued to struggle with macroeco
Published 20 Jan, 2019 12:00am
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