AIRLINK 73.06 Decreased By ▼ -6.94 (-8.68%)
BOP 5.09 Decreased By ▼ -0.09 (-1.74%)
CNERGY 4.37 Decreased By ▼ -0.09 (-2.02%)
DFML 32.45 Decreased By ▼ -2.71 (-7.71%)
DGKC 75.49 Decreased By ▼ -1.39 (-1.81%)
FCCL 19.52 Decreased By ▼ -0.46 (-2.3%)
FFBL 36.15 Increased By ▲ 0.55 (1.54%)
FFL 9.22 Decreased By ▼ -0.31 (-3.25%)
GGL 9.85 Decreased By ▼ -0.31 (-3.05%)
HBL 116.70 Decreased By ▼ -0.30 (-0.26%)
HUBC 132.69 Increased By ▲ 0.19 (0.14%)
HUMNL 7.10 Increased By ▲ 0.04 (0.57%)
KEL 4.41 Decreased By ▼ -0.24 (-5.16%)
KOSM 4.40 Decreased By ▼ -0.25 (-5.38%)
MLCF 36.20 Decreased By ▼ -1.30 (-3.47%)
OGDC 133.50 Decreased By ▼ -0.97 (-0.72%)
PAEL 22.60 Decreased By ▼ -0.30 (-1.31%)
PIAA 26.01 Decreased By ▼ -0.62 (-2.33%)
PIBTL 6.55 Decreased By ▼ -0.26 (-3.82%)
PPL 115.31 Increased By ▲ 3.21 (2.86%)
PRL 26.63 Decreased By ▼ -0.57 (-2.1%)
PTC 14.10 Decreased By ▼ -0.28 (-1.95%)
SEARL 53.45 Decreased By ▼ -2.94 (-5.21%)
SNGP 67.25 Increased By ▲ 0.25 (0.37%)
SSGC 10.70 Decreased By ▼ -0.13 (-1.2%)
TELE 8.42 Decreased By ▼ -0.87 (-9.36%)
TPLP 10.75 Decreased By ▼ -0.43 (-3.85%)
TRG 63.87 Decreased By ▼ -5.13 (-7.43%)
UNITY 25.12 Decreased By ▼ -0.37 (-1.45%)
WTL 1.27 Decreased By ▼ -0.05 (-3.79%)
BR100 7,461 Decreased By -60.9 (-0.81%)
BR30 24,171 Decreased By -230.9 (-0.95%)
KSE100 71,103 Decreased By -592.5 (-0.83%)
KSE30 23,395 Decreased By -147.4 (-0.63%)
Brecorder Logo
May 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-02-15
CBOT soyabean futures nearly unchanged

CBOT soyabean futures nearly unchanged

Chicago Board of Trade (CBOT) soyabean futures ended nearly unchanged on Wednesday, as prices remained rangebound and the market anxiously awaited fresh developments on the US-China trade talks. CBOT March soyabeans settled the day down 1 cent at $9.16-1/
Published 15 Feb, 2019 12:00am
Philippines journalist freed

Philippines journalist freed

Philippine journalist Maria Ressa was freed on bail on Thursday following an arrest that sparked international censure and allegations she is being targeted over her news site's criticism of President Rodrigo Duterte. Ressa, 55, spent a night in detention
Published 15 Feb, 2019 12:00am
Venezuela enlists 50 countries at UN to show support

Venezuela enlists 50 countries at UN to show support

Russia and China joined Cuba, Iran, North Korea and dozens of other countries at the United Nations on Thursday to show support for Venezuela in its showdown with the United States. Venezuela's Foreign Minister Jorge Arreaza told reporters the newly-forme
Published 15 Feb, 2019 12:00am
Celebrations as India nationality law fails

Celebrations as India nationality law fails

Celebrations have erupted in northeast India after a contentious nationality law put forward by Prime Minister Narendra Modi's government failed to pass. The proposed changes to the 1955 Citizenship Act would have given Indian nationality to Hindus and ot
Published 15 Feb, 2019 12:00am
Russia, Turkey, Iran see US pullout from Syria as 'positive step': Putin

Russia, Turkey, Iran see US pullout from Syria as 'positive step': Putin

Moscow, Ankara and Tehran see the planned US withdrawal from Syria as a positive step, Russian President Vladimir Putin said after a summit with his Turkish and Iranian counterparts on Thursday. Putin, Turkey's Recep Tayyip Erdogan and Iran's Hassan Rouha
Published 15 Feb, 2019 12:00am
Pence demands EU isolate Iran as Israelis, Arabs unite

Pence demands EU isolate Iran as Israelis, Arabs unite

US Vice President Mike Pence demanded Thursday that Europeans drop a nuclear deal with Iran and join in seeking to cripple the regime, a cause that united Israel with longtime Arab rivals at a conference in Warsaw. Major European powers sent low-level rep
Published 15 Feb, 2019 12:00am
Germany to let Nato use its cyber skills

Germany to let Nato use its cyber skills

Germany is to join the ranks of Nato countries making its cyber warfare skills available to the alliance to help fight hacking and electronic warfare, officials said on Thursday. Nato has designated cyberspace as a conflict domain alongside land, sea and
Published 15 Feb, 2019 12:00am
Situation in war-torn Yemen worsening: UN

Situation in war-torn Yemen worsening: UN

The situation in war-torn Yemen, already facing the biggest humanitarian crisis in the world, is getting even worse, the United Nations warned on Thursday. Since 2014, the Saudi-backed Yemeni government has been battling the Iran-aligned Huthi rebels in a
Published 15 Feb, 2019 12:00am
May faces another damaging defeat in Brexit saga

May faces another damaging defeat in Brexit saga

Prime Minister Theresa May risks another humiliating Brexit defeat at the hands of her own eurosceptic MPs on Thursday, with just weeks to go until Britain officially leaves the EU. Parliament will hold a symbolic vote endorsing May's Brexit strategy but
Published 15 Feb, 2019 12:00am
Dutch unveils hairy Brexit monster

Dutch unveils hairy Brexit monster

What's big, blue, furry and monstrous? For the Netherlands the answer is simple: Brexit. While the British government has had trouble imagining what its exit from the European Union will actually look like, the Dutch government unveiled its vision in the
Published 15 Feb, 2019 12:00am
Mission complete: NASA announces demise of Opportunity rover

Mission complete: NASA announces demise of Opportunity rover

During 14 years of intrepid exploration across Mars, it advanced human knowledge by confirming that water once flowed on the red planet - but NASA's Opportunity rover has analyzed its last soil sample. The robot has been missing since the US space agency
Published 15 Feb, 2019 12:00am
Albanian prime minister hit by ink assault

Albanian prime minister hit by ink assault

An opposition deputy assaulted Albanian Prime Minister Edi Rama with ink in parliament Thursday as he prepared to answer allegations of corruption. Local television stations broadcast live coverage of the incident, which involved Democratic Party MP and d
Published 15 Feb, 2019 12:00am
US report calls car imports national security threat

US report calls car imports national security threat

A US Commerce Department report has concluded that American auto imports threaten national security, setting the stage for possible tariffs by the White House, a person familiar with the matter said Thursday.
Published 15 Feb, 2019 12:00am
Government urged to address genuine issues of business community

Government urged to address genuine issues of business community

The business community is driving force of the economy but it cannot play its due role in presence of severe problems including withholding tax on banking transactions, misuse of the discretionary powers by the tax collection machinery, high prices of uti
Published 15 Feb, 2019 12:00am
APTMA for special task force to revive export
Cotton

APTMA for special task force to revive export

The All Pakistan Textile Mills Association (APTMA) Patron-in-Chief Gohar Ejaz has demanded the government of constituting a Special Task Force to revive $3 billion export production. He said over three million spindles and 2000 Airjet/shuttleless looms sh
Published 15 Feb, 2019 12:00am
Kaira says grant of bail to Shahbaz good development

Kaira says grant of bail to Shahbaz good development

Pakistan Peoples Party (PPP) Punjab President Qamar Zaman Kaira has said that the grant of bail to Shahbaz Sharif is a good development. He said the bail of Shahbaz Sharif would add pressure on the government. Also, he added, it should be a moment of pond
Published 15 Feb, 2019 12:00am
APCNGA rejects frequent closure of stations

APCNGA rejects frequent closure of stations

The All Pakistan CNG Association (APCNGA) on Thursday said the government had failed to handle the critical gas sector which was resulting in repeated emergencies hitting masses and damaging the fragile economy. "We reject the decision of the government t
Published 15 Feb, 2019 12:00am
Admin ordered to take step to stop kite flying

Admin ordered to take step to stop kite flying

The Punjab chief minister Sardar Usman Buzdar has issued stern directions to the administration as well as police for taking steps to stop kite flying in their respective areas. He has also directed for taking all possible steps for the eradication of kit
Published 15 Feb, 2019 12:00am
PBIF chief calls for strengthening garments sector

PBIF chief calls for strengthening garments sector

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that for strengthening textile particularly garments sector, it is important to focus on domestic supply chain, adoption of latest technology, easy and affordable a
Published 15 Feb, 2019 12:00am
Ongoing rains: PM sees bumper wheat crop this year

Ongoing rains: PM sees bumper wheat crop this year

Prime Minister Imran Khan Thursday said the continuing winter rains were worth billions of rupees to the national economy besides replenishing the water table and glaciers.
Published 15 Feb, 2019 12:00am
Mehdi elected NA body chairman

Mehdi elected NA body chairman

National Assembly Standing Committee on Science and Technology has unanimously elected MNA Sajid Mehdi as its chairman. A meeting of the committee was held here at the Parliament House on Thursday. The special secretary National Assembly Secretariat welco
Published 15 Feb, 2019 12:00am
Mushaira in memory of Saleemuzzaman Siddiqui held

Mushaira in memory of Saleemuzzaman Siddiqui held

The Annual Mushaira (symposium of Urdu poetry) in memory of prominent scientist Prof Dr Saleemuzzaman Siddiqui was held at the International Centre for Chemical and Biological Sciences (ICCBS), University of Karachi on Monday evening.
Published 15 Feb, 2019 12:00am
Renewal of licence: SECP Appellant Bench dismisses company's appeal

Renewal of licence: SECP Appellant Bench dismisses company's appeal

The Appellant Bench of the Securities and Exchange Commission of Pakistan (SECP) Thursday observed that any company's argument that its chief executive office (CEO) is out of the country and is facing serious family issues has no basis in the law, as it i
Published 15 Feb, 2019 12:00am
MoI&P accused of imposing its 'own' people on EDB board

MoI&P accused of imposing its 'own' people on EDB board

The Ministry of Industries and Production (MoI&P) is reportedly facing criticism for imposing its "own" people on the newly-appointed Board of Engineering Development Board (EDB) and ignoring several deserving sectors, well informed sources told Busine
Published 15 Feb, 2019 12:00am
LUMS holds 19th ABM of SBASSE to discuss strategic planning

LUMS holds 19th ABM of SBASSE to discuss strategic planning

The Lahore University of Management Sciences (LUMS) recently organised its 19th Advisory Board Meeting (ABM) of Syed Babar Ali School of Science and Engineering (SBASSE) with the aim to discuss strategic planning for the next 10 years. Discussions on Big
Published 15 Feb, 2019 12:00am
Overseas Pakistanis buying PBCs in large number, claims PTI leader

Overseas Pakistanis buying PBCs in large number, claims PTI leader

Deputy Secretary Information Pakistan Tehreek-e-Insaf (PTI) Chaudhry Hameed has claimed that he is the first investor of 'Pakistan Banao Certificates,' a new scheme launched by Prime Minister Imran Khan. Hameed said that overseas Pakistanis are buying the
Published 15 Feb, 2019 12:00am
Amer Magsi elected chairman of NA body

Amer Magsi elected chairman of NA body

The National Assembly Standing Committee on Maritime Affairs in a meeting unanimously elected Mir Amer Ali Khan Magsi, MNA, as its chairman on Thursday. The special secretary National Assembly Secretariat welcomed the members and briefed about the procedu
Published 15 Feb, 2019 12:00am
NAB KP arrests alleged defrauder

NAB KP arrests alleged defrauder

National Accountability Bureau (NAB) Khyber Pakhtunkhwa has arrested an accused Syed Hussam uddin Shah s/o Syed Rafi Uddin Shah, resident of Rawalpindi, for his alleged involvement in cheating public at large under the garb of investment in Islamic Mudarr
Published 15 Feb, 2019 12:00am
Five of a family killed in Nowshera firing

Five of a family killed in Nowshera firing

At least five members of a family were killed in a firing incident in Kundi Taza Din area of Pabbi in Nowshera on Thursday. According to DPO Mansoor Aman, the tragic incident occurred in Qandi Tazadin area of Nowshera. He said that some unknown armed shot
Published 15 Feb, 2019 12:00am
UIT organises 'All Karachi Speech Competition'

UIT organises 'All Karachi Speech Competition'

Usman Institute of Technology (UIT), affiliated with NED University of Engineering & Technology, Karachi, organised the 'All Karachi Speech Competition' on Thursday. The competition was held to show solidarity with the people of Kashmir. Students from 15
Published 15 Feb, 2019 12:00am
Isuzu D-Max Pickup introduced

Isuzu D-Max Pickup introduced

Ghandhara Industries Ltd (GIL) in partnership with Isuzu Motors introduced the full range of Isuzu D-Max Pickup to Pakistan's market. Speaking at the launch Kemchi Asahara, senior vice president ISUZU Motors International Operations Thailand, said: "Our D
Published 15 Feb, 2019 12:00am
Reserves up by $11 million to $14.896 billion

Reserves up by $11 million to $14.896 billion

The country's total liquid foreign exchange reserves slightly increased by $11 million to $14.896 billion end of the last week. During last week ending February 8, 2019, foreign exchange reserves held by the State Bank of Pakistan rose by $13.4 million to
Published 15 Feb, 2019 12:00am
Governments treating Karachi in step motherly way: PDP

Governments treating Karachi in step motherly way: PDP

President Pasban Democratic Party (PDP), Altaf Shakoor has said the megacity Karachi is still getting step-motherly treatment and both federal and provincial governments are only paying lip service to it. Altaf Shakoor said every sector in Sindh province
Published 15 Feb, 2019 12:00am
Adviser alleges Sindh governor of creating hurdles to legislation

Adviser alleges Sindh governor of creating hurdles to legislation

Adviser to Chief Minister Sindh for Information, Law and Anti-Corruption Barrister Murtaza Wahab has said that preparing policies for province is not responsibility of Governor Sindh but he is creating hurdles in the way of legislation enacted by Sindh As
Published 15 Feb, 2019 12:00am
Banks asked to avoid discriminatory practices against PEPs

Banks asked to avoid discriminatory practices against PEPs

The State Bank of Pakistan (SBP) Thursday again asked banks to avoid discriminatory practices against any segment of society including Politically Exposed Persons. The SBP has also advised banks/DFIs to display placards in branches at prominent places wit
Published 15 Feb, 2019 12:00am
SKAA has control over 50 percent urban Kachi Abadis: mayor

SKAA has control over 50 percent urban Kachi Abadis: mayor

Mayor Karachi Waseem Akhtar on Thursday said that Sindh Katchi Abadis Authority (SKAA) has control over 50 percent of urban area Kachi Abadis that he said caused severe financial loss to Karachi Metropolitan Corporation (KMC). Through Sindh Local Governme
Published 15 Feb, 2019 12:00am
PCI launches 'Friends of Silk Road'

PCI launches 'Friends of Silk Road'

Pakistan-China Institute (PCI), a non-governmental organisation devoted to Pakistan-China relations and the region, Thursday launched Friends of Silk Road as a platform to bring people from the regional countries together. PCI Chairman Senator Mushahid Hu
Published 15 Feb, 2019 12:00am
Bahria Town asked to reconsider amount of money, period of instalments

Bahria Town asked to reconsider amount of money, period of instalments

The Supreme Court has not accepted Bahria Town's offer of Rs 405 billion for its housing project in Karachi and has, therefore, ordered it to reconsider the amount of money and the period of instalments. Barrister Ali Zafar, representing Bahria Town (Pvt)
Published 15 Feb, 2019 12:00am
Lightning kills five in Kohat

Lightning kills five in Kohat

Five people, including two women died and six others were injured when lightning fell in Surgul area of Kohat district on Thursday. Local sources said lightning fell on the 1,100KV power transmission line in Kelwala area of Kohat in the morning. The power
Published 15 Feb, 2019 12:00am
'I am humbled, grateful to God; Shahbaz tweets

'I am humbled, grateful to God; Shahbaz tweets

Leader of the Opposition in National Assembly and former chief minister Punjab, Shahbaz Sharif said on Thursday that he is humbled and grateful to Allah for His blessings, after Lahore High Court (LHC) approved his bail petitions. After the LHC granted hi
Published 15 Feb, 2019 12:00am
LHC orders judicial inquiry into Sahiwal killings

LHC orders judicial inquiry into Sahiwal killings

The Lahore High Court (LHC) on Thursday ordered a judicial inquiry into the Sahiwal killing incident and to conclude its proceedings within 30 days. The court adjourned to March 05 the proceedings of the petition of the victim Khalil's brother Jalil seeki
Published 15 Feb, 2019 12:00am
Name on ECL: Rao Anwar files review petition against SC order

Name on ECL: Rao Anwar files review petition against SC order

Rao Anwar, the main accused in Naqeebullah Mehsud murder case, on Thursday filed a review petition against the Supreme Court order dated 10th January, 2019. A three-judge bench headed by former Chief Justice Mian Saqib Nisar on January 10 had turned down
Published 15 Feb, 2019 12:00am
MBS visit to herald new era of economic stability: minister

MBS visit to herald new era of economic stability: minister

Federal Minister for Religious Affairs Noorul Haq Qadri has said that visit of Saudi Crown Prince Muhammad Bin Salman (MBS) to Pakistan will herald a new era of prosperity and economic stability in Pakistan. Addressing an event organised by Pakistan Ulema
Published 15 Feb, 2019 12:00am
Kulbhushan Jadhav case: ICJ to hold public hearings from February 18

Kulbhushan Jadhav case: ICJ to hold public hearings from February 18

The International Court of Justice (ICJ) will hold public hearings on the Indian spy Kulbhushan Jadhav case from February 18 to 21, at The Hague. Diplomatic sources said that Pakistan has prepared a strong team headed by Attorney General of Pakistan to re
Published 15 Feb, 2019 12:00am
Pak-US ties enter into a very important phase: Qureshi

Pak-US ties enter into a very important phase: Qureshi

Foreign Minister Shah Mehmood Qureshi on Thursday said that Pakistan-US relations have entered into a "very important phase" and the efforts to reset the relationship are witnessing progress. Talking to media persons before leaving for Germany to represen
Published 15 Feb, 2019 12:00am
China Pakistan Economic Corridor

China Pakistan Economic Corridor

With the signing of China Pakistan Economic Corridor (CPEC) agreements, a great opportunity has been created which will go a long way in bringing economic prosperity not only to China (as some people claim) but also to Pakistan. Simultaneously, the Govern
Published 15 Feb, 2019 12:00am
Investors grab Brexit bargains among UK housebuilders

Investors grab Brexit bargains among UK housebuilders

Daring investors are dipping their toes back into UK housebuilders, attracted by high dividend yields and low valuations even though they are seen as among the most vulnerable sectors in the event of a messy Brexit. As Britain's exit from the EU remains s
Published 15 Feb, 2019 12:00am
Strategic coercion through hybrid warfare
Currency

Strategic coercion through hybrid warfare

Hybrid attacks against Pakistan across a broad front are focused mainly on Balochistan, the former Fata region, Swat and Gilgit-Baltistan. The China-Pakistan Economic Corridor (CPEC) gets very special attention. In today's digital age hybrid warfare has b
Published 15 Feb, 2019 12:00am
Local govts & taxes

Local govts & taxes

In Pakistan, the poor are subjected to heavy and oppressive taxes, whereas the members of militro-judicial-civil complex, absentee landowners and businessmen-turned-politicians enjoy numerous tax breaks, unprecedented perks and perquisites, benefits, incl
Published 15 Feb, 2019 12:00am
A looming threat

A looming threat

There is a dire new warning about melting of the Himalayan glaciers that feed ten of the world's most important river systems, including the Ganges, Yellow Mekong, Irrawaddy and our very own Indus. Two-thirds of the Himalayan glaciers, the world's "Third
Updated 11 Mar, 2019 07:26am
Asghar Khan case implementation

Asghar Khan case implementation

When in October 19, 2012, the Supreme Court announced its decision in the famous Asghar Khan case after 16 long years it was hailed as a landmark judgment. For the first time ever those involved, both military and civilian leaders, in manipulating the pol
Updated 11 Mar, 2019 07:26am
Uptrend in home remittances

Uptrend in home remittances

It is very good to see that our home remittances have continued to rise, giving much-needed support to the balance of payments (BoP) . According to the latest data released by the State Bank of Pakistan (SBP), overseas Pakistanis have remitted an amount o
Updated 11 Mar, 2019 07:25am
Pak-Saudi relationship

Pak-Saudi relationship

For strategic reasons, countries around the world often declare their special affection for each other. References are made to cultural, religious, geopolitical, and other ties, to show why two peoples are bound together. Leaders make speeches and bestow
Published 15 Feb, 2019 12:00am
Pak-Saudi relationship

Pak-Saudi relationship

For strategic reasons, countries around the world often declare their special affection for each other. References are made to cultural, religious, geopolitical, and other ties, to show why two peoples are bound together. Leaders make speeches and bestow
Published 15 Feb, 2019 12:00am
ABL posts Rs 12.88 billion PAT in 2018
Currency

ABL posts Rs 12.88 billion PAT in 2018

In light of evolving macroeconomic situation and to ensure stability, the benchmark policy rate was increased gradually by 425 bps in absolute terms during the year, while on average the increase in rates was 136 bps as compared to 2017. At the same time
Published 15 Feb, 2019 12:00am
ABL posts Rs 12.88 billion PAT in 2018
Currency

ABL posts Rs 12.88 billion PAT in 2018

In light of evolving macroeconomic situation and to ensure stability, the benchmark policy rate was increased gradually by 425 bps in absolute terms during the year, while on average the increase in rates was 136 bps as compared to 2017. At the same time
Published 15 Feb, 2019 12:00am
ABL posts Rs 12.88 billion PAT in 2018
Currency

ABL posts Rs 12.88 billion PAT in 2018

In light of evolving macroeconomic situation and to ensure stability, the benchmark policy rate was increased gradually by 425 bps in absolute terms during the year, while on average the increase in rates was 136 bps as compared to 2017. At the same time
Published 15 Feb, 2019 12:00am
ABL posts Rs 12.88 billion PAT in 2018
Currency

ABL posts Rs 12.88 billion PAT in 2018

In light of evolving macroeconomic situation and to ensure stability, the benchmark policy rate was increased gradually by 425 bps in absolute terms during the year, while on average the increase in rates was 136 bps as compared to 2017. At the same time
Published 15 Feb, 2019 12:00am
Saudi crown prince signed aid package with us: Nawaz

Saudi crown prince signed aid package with us: Nawaz

Family members and the Pakistan Muslim League-Nawaz (PML-N) leaders met ousted former Prime Minister Nawaz Sharif at Kot Lakhpat Jail on Thursday and complained that the PML-N supremo is not being extended proper medical cover. Among those who met Nawaz w
Published 15 Feb, 2019 12:00am
Saudi crown prince signed aid package with us: Nawaz

Saudi crown prince signed aid package with us: Nawaz

Family members and the Pakistan Muslim League-Nawaz (PML-N) leaders met ousted former Prime Minister Nawaz Sharif at Kot Lakhpat Jail on Thursday and complained that the PML-N supremo is not being extended proper medical cover. Among those who met Nawaz w
Published 15 Feb, 2019 12:00am
SBP discontinues Rs 40,000 prize bond

SBP discontinues Rs 40,000 prize bond

The State Bank of Pakistan (SBP) has announced to discontinue the fresh issuance of Rs 40,000 prize bonds with effect from Friday (today). According to notifications of SBP Banking Services Corporation (SBP BSC), fresh issuance of Rs 40,000 denomination n
Published 15 Feb, 2019 12:00am
SBP discontinues Rs 40,000 prize bond

SBP discontinues Rs 40,000 prize bond

The State Bank of Pakistan (SBP) has announced to discontinue the fresh issuance of Rs 40,000 prize bonds with effect from Friday (today). According to notifications of SBP Banking Services Corporation (SBP BSC), fresh issuance of Rs 40,000 denomination n
Published 15 Feb, 2019 12:00am
ECC informed of factors behind circular debt

ECC informed of factors behind circular debt

Overall policy structure of investment as well as high rates of return on investor equities and delay in tariff determination have been termed as major causes of circular debt and subsequent unaffordable electricity to consumers. Sources said that a meeti
Published 15 Feb, 2019 12:00am
ECC informed of factors behind circular debt

ECC informed of factors behind circular debt

Overall policy structure of investment as well as high rates of return on investor equities and delay in tariff determination have been termed as major causes of circular debt and subsequent unaffordable electricity to consumers. Sources said that a meeti
Published 15 Feb, 2019 12:00am
ECC informed of factors behind circular debt

ECC informed of factors behind circular debt

Overall policy structure of investment as well as high rates of return on investor equities and delay in tariff determination have been termed as major causes of circular debt and subsequent unaffordable electricity to consumers. Sources said that a meeti
Published 15 Feb, 2019 12:00am
Strategies to boost industrial, agriculture sectors taken up with WB

Strategies to boost industrial, agriculture sectors taken up with WB

Adviser to Prime Minister on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood Thursday said the World Bank has played important role in modernizing and supporting various development initiatives in Pakistan. "The cooperation
Published 15 Feb, 2019 12:00am
Strategies to boost industrial, agriculture sectors taken up with WB

Strategies to boost industrial, agriculture sectors taken up with WB

Adviser to Prime Minister on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood Thursday said the World Bank has played important role in modernizing and supporting various development initiatives in Pakistan. "The cooperation
Published 15 Feb, 2019 12:00am
Strategies to boost industrial, agriculture sectors taken up with WB

Strategies to boost industrial, agriculture sectors taken up with WB

Adviser to Prime Minister on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood Thursday said the World Bank has played important role in modernizing and supporting various development initiatives in Pakistan. "The cooperation
Published 15 Feb, 2019 12:00am
Pak-Saudi MoUs approved by cabinet

Pak-Saudi MoUs approved by cabinet

The federal cabinet has approved signing of eight memoranda of understanding to be inked with Saudi Arabia during the upcoming visit of Crown Prince Mohammed bin Salman to Pakistan. The cabinet meeting presided over by Prime Minister Imran Khan expressed
Published 15 Feb, 2019 12:00am
Pak-Saudi MoUs approved by cabinet

Pak-Saudi MoUs approved by cabinet

The federal cabinet has approved signing of eight memoranda of understanding to be inked with Saudi Arabia during the upcoming visit of Crown Prince Mohammed bin Salman to Pakistan. The cabinet meeting presided over by Prime Minister Imran Khan expressed
Published 15 Feb, 2019 12:00am
BRIndex100 stays bearish

BRIndex100 stays bearish

Pakistan Stock Exchange Thursday witnessed a bearish trend due to selling in various sectors. BRIndex100 lost 2.74 points or 0.06 percent to close at 4,315.39 points. BRIndex100 touched intraday high of 4,327.81 and intraday low of 4,289.41 points. Volume
Published 15 Feb, 2019 12:00am
BRIndex100 stays bearish

BRIndex100 stays bearish

Pakistan Stock Exchange Thursday witnessed a bearish trend due to selling in various sectors. BRIndex100 lost 2.74 points or 0.06 percent to close at 4,315.39 points. BRIndex100 touched intraday high of 4,327.81 and intraday low of 4,289.41 points. Volume
Published 15 Feb, 2019 12:00am
BRIndex100 stays bearish

BRIndex100 stays bearish

Pakistan Stock Exchange Thursday witnessed a bearish trend due to selling in various sectors. BRIndex100 lost 2.74 points or 0.06 percent to close at 4,315.39 points. BRIndex100 touched intraday high of 4,327.81 and intraday low of 4,289.41 points. Volume
Published 15 Feb, 2019 12:00am
Overbilling: PD fails to satisfy PAC panel

Overbilling: PD fails to satisfy PAC panel

Power Division on Thursday failed to satisfy a panel of Public Accounts Committee (PAC) about factual reasons for over-billing in the power sector and redressal measures, particularly in far-flung areas of the country. The panel comprising former prime mi
Published 15 Feb, 2019 12:00am
Overbilling: PD fails to satisfy PAC panel

Overbilling: PD fails to satisfy PAC panel

Power Division on Thursday failed to satisfy a panel of Public Accounts Committee (PAC) about factual reasons for over-billing in the power sector and redressal measures, particularly in far-flung areas of the country. The panel comprising former prime mi
Published 15 Feb, 2019 12:00am
Overbilling: PD fails to satisfy PAC panel

Overbilling: PD fails to satisfy PAC panel

Power Division on Thursday failed to satisfy a panel of Public Accounts Committee (PAC) about factual reasons for over-billing in the power sector and redressal measures, particularly in far-flung areas of the country. The panel comprising former prime mi
Published 15 Feb, 2019 12:00am
EU to keep closer eye on Chinese takeover moves

EU to keep closer eye on Chinese takeover moves

The EU took a major step Thursday towards tightening its scrutiny of foreign takeovers in strategic sectors like communications and artificial intelligence amid concern about investment by China. Under a proposal adopted by the European Parliament, EU cou
Published 15 Feb, 2019 12:00am
EU to keep closer eye on Chinese takeover moves

EU to keep closer eye on Chinese takeover moves

The EU took a major step Thursday towards tightening its scrutiny of foreign takeovers in strategic sectors like communications and artificial intelligence amid concern about investment by China. Under a proposal adopted by the European Parliament, EU cou
Published 15 Feb, 2019 12:00am
Memogate case disposed of

Memogate case disposed of

The Supreme Court on Thursday disposed of eight-year-old suo motu on the Memogate scandal, saying it has nothing to do with the case but the State is free to bring former Pakistan Ambassador Hussain Haqqani back to Pakistan from the US if it wishes so. Fo
Published 15 Feb, 2019 12:00am
Memogate case disposed of

Memogate case disposed of

The Supreme Court on Thursday disposed of eight-year-old suo motu on the Memogate scandal, saying it has nothing to do with the case but the State is free to bring former Pakistan Ambassador Hussain Haqqani back to Pakistan from the US if it wishes so. Fo
Published 15 Feb, 2019 12:00am
NAB initiates probe against Chaudhry brothers

NAB initiates probe against Chaudhry brothers

The National Accountability Bureau (NAB) Thursday started corruption investigations against former Prime Minister Chaudhry Shujaat Hussain and former Chief Minister Punjab Chaudhry Pervez Elahi, while an inquiry has been initiated against former Foreign M
Published 15 Feb, 2019 12:00am
Previous Day