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Print - 2019-11-20
Nawaz arrives in London

Nawaz arrives in London

Former premier Nawaz Sharif, accompanied by his brother Shahbaz Sharif, reached London on Tuesday night to continue with his medical treatment, Aaj news reported. "Former PM NawazSharif onboard Qatar Airways Air Ambulance A7-MED has landed safely at Heath
Published 20 Nov, 2019 12:00am
Rouhani, Bajwa discuss regional security

Rouhani, Bajwa discuss regional security

Chief of the Army Staff General Qamar Javed Bajwa called on President of Iran, Hassan Rouhani. The regional security environment and matters of mutual interest were discussed. The President appreciated the role of Pakistan towards regional peace and succe
Published 20 Nov, 2019 12:00am
FY17-18: Gencos cost exchequer billions of rupees: Nepra

FY17-18: Gencos cost exchequer billions of rupees: Nepra

The National Electric Power Regulatory Authority (Nepra), in its performance evaluation of government-owned power generation plants (Gencos) has recorded billions of rupees loss to the national exchequer due to dismal performance during 2016-17 and 2017-1
Published 20 Nov, 2019 12:00am
Circular debt reduction plan submitted to ECC

Circular debt reduction plan submitted to ECC

Power Division has submitted circular debt reduction plan agreed with the International Monetary Fund (IMF) to the Economic Coordination Committee (ECC) of the Cabinet according to which circular debt will be reduced from Rs 465 billion (2018-19 ) to Rs 7
Published 20 Nov, 2019 12:00am
Planning ministry: Asad Umar administered oath

Planning ministry: Asad Umar administered oath

Former finance minister Asad Umar returned to the federal cabinet on Tuesday after taking oath as federal minister for planning, development and reform.
Published 20 Nov, 2019 12:00am
First-ever NTP approved by cabinet

First-ever NTP approved by cabinet

The federal cabinet in its meeting held on Tuesday approved the first-ever National Tariff Policy (NTP) developed by the Commerce Division after extensive consultations with the stakeholders and this marks a milestone in the national economic policy parad
Published 20 Nov, 2019 12:00am
No one needs to be a billionaire: Labour Party

No one needs to be a billionaire: Labour Party

Britain's opposition Labour Party on Tuesday took aim at "obscene" billionaires, pledging a radical redistribution of wealth to cut the power of the super rich and to introduce policies including a pay cap at some companies.
Published 20 Nov, 2019 12:00am
FATF action plan: Senate body briefed about performance

FATF action plan: Senate body briefed about performance

The government has stated that there has been 220 percent increase in cash seizure and 300 percent increase in terrorist financing (TF) investigations whereas over 170 TF convictions have been made under the Financial Action Task Force (FATF) Action Plan.
Published 20 Nov, 2019 12:00am
'Economic terrorism' phrase being added to anti-terror law

'Economic terrorism' phrase being added to anti-terror law

The transfer of Rs 50 million or above during one month from Pakistan to destinations aboard through any informal channel including hawala or hundi, would be considered as 'economic terrorism' in Pakistan.
Published 20 Nov, 2019 12:00am
Government defers filing appeal against LHC verdict

Government defers filing appeal against LHC verdict

The federal cabinet has deferred filing an appeal against the interim order of the Lahore High Court (LHC), which paved way for former prime minister Nawaz Sharif to go abroad, till final adjudication of the petition seeking removal of Sharif's name from
Published 20 Nov, 2019 12:00am
Nawaz flown by Qatar Airways air ambulance to London

Nawaz flown by Qatar Airways air ambulance to London

Ailing ex-prime minister Nawaz Sharif left by air ambulance Tuesday for London, where he is due to receive medical treatment after battling the government for permission to travel, his doctor and close aides said.
Published 20 Nov, 2019 12:00am
Institutions review links with Prince Andrew

Institutions review links with Prince Andrew

A British university on Tuesday said it was reviewing its links with Prince Andrew after he defended his friendship with convicted sex offender Jeffrey Epstein in a TV interview.
Published 20 Nov, 2019 12:00am
FBR seeks to set up index to evaluate officers' performance

FBR seeks to set up index to evaluate officers' performance

The Federal Board of Revenue (FBR) has proposed to establish 'Performance Evaluation Index' for its officers (Grade 16 and above) to evaluate their performance on four basic parameters including achievement of the assigned revenue collection targets.
Published 20 Nov, 2019 12:00am
UN 'alarmed' dozens may be dead in Iran protests

UN 'alarmed' dozens may be dead in Iran protests

The United Nations voiced alarm Tuesday at reports dozens may have been killed in Iranian demonstrations, as the Islamic republic said it would unblock the internet only once calm has been restored.
Published 20 Nov, 2019 12:00am
EDB, PIDC: Shah, Bhatti appointed CEOs

EDB, PIDC: Shah, Bhatti appointed CEOs

The Federal Cabinet has appointed Raza Abbas Shah as Chief Executive Officer of Engineering Development Board (EDB) and Rizwan Bhatti as CEO Pakistan Industrial Development Corporation (PIDC),
Published 20 Nov, 2019 12:00am
Yemen rebels seize two South Korean, one Saudi vessel

Yemen rebels seize two South Korean, one Saudi vessel

Yemen's Iran-backed Huthi rebels seized a Saudi-flagged tug and two South Korean vessels at the weekend, the insurgents and Seoul officials said on Tuesday. The incident follows a lull in Huthi attacks on Saudi Arabia as one Riyadh official said the kingd
Published 20 Nov, 2019 12:00am
Taliban release two Western hostages in Afghanistan

Taliban release two Western hostages in Afghanistan

The Taliban handed two Western hostages over to US forces in southern Afghanistan Tuesday, three years after they were abducted, in a swap for three high-ranking insurgent prisoners that could boost peace talks.
Published 20 Nov, 2019 12:00am
Wither on the vine?
Letters

Wither on the vine?

Maulana Fazlur Rahman's protest seems to have withered on the vine. The maulana's 'Plan B' too has failed to attract a sufficient number of people to execute his plan of dislodging the government because no major opposition party is doing anything to help
Updated 21 Nov, 2019 10:21am
Market matters: Price index and home planner
Articles

Market matters: Price index and home planner

If current market per kg price of onion is Rs 100, tomato Rs 280, garlic and ginger each around Rs 70 per quarter of a kg, coriander and mint Rs 10 apiece, it is a great challenge to meet cost of two meals a day for the hungry and hand-to-mouth poor amid
Updated 21 Nov, 2019 10:23am
Power sector: Shahid Sattar and Asad Abbas
Articles

Power sector: Shahid Sattar and Asad Abbas

Power shortages and high power tariffs in Pakistan have been at the root of many problems faced by the Pakistan economy; substantial reduction in the rate of GDP growth, economic stagnation, slow job creation, increasing unemployment, serious adverse impa
Published 20 Nov, 2019 12:00am
Leapfrogging into circular economy
Articles

Leapfrogging into circular economy

Pakistan, especially its cities and most noticeably its economic capital, Karachi, is drowning under piles and piles of garbage rendering the job of clearing the mounting rubbish clutter an ever more difficult and costlier exercise. But what is an even mo
Updated 21 Nov, 2019 10:02am
Pak-Iran relations

Pak-Iran relations

Army chief General Qamar Javed Bajwa arrived in Tehran on Monday as part of an ongoing mutual trust building process. According to an Iranian news agency report, the two sides discussed prospects of expansion of defence cooperation, border security, count
Updated 20 Nov, 2019 07:07am
C/A surplus

C/A surplus

In the first quarter of the current fiscal year Pakistan witnessed a current account surplus to the tune of 99 million dollars as per the State Bank of Pakistan (SBP). This is a remarkable achievement given the scale of the deficit, around 20 billion doll
Updated 20 Nov, 2019 07:08am
Missing lawyer: IHC directs DIG to appear in person

Missing lawyer: IHC directs DIG to appear in person

The Islamabad High Court (IHC) Tuesday directed deputy inspector general (DIG) of Islamabad police to appear in person in a petition of High Court Bar Association (HCBA) Multan seeking recovery of a missing lawyer, Muhammad Yafis Naveed.
Published 20 Nov, 2019 12:00am
Ban on smoking: SHC summons addl secy health

Ban on smoking: SHC summons addl secy health

Sindh High Court (SHC) on Tuesday summoned Additional Secretary Health Sindh in a petition, seeking ban on smoking. A division bench of the SHC headed by Justice Muhammad Ali Mazhar issued the notice to provincial health official after petitioner Dr Javed
Published 20 Nov, 2019 12:00am
Sindh government: Fehmida apprises PM about GDA's reservations

Sindh government: Fehmida apprises PM about GDA's reservations

Federal Minister for Inter-Provincial Coordination Dr Fehmida Mirza has held a meeting with Prime Minister Imran Khan and apprised him of reservations of Grand Democratic Alliance (GDA) with regard to the Sindh government.
Published 20 Nov, 2019 12:00am
JUI-F struggling for supremacy of constitution: Fazl

JUI-F struggling for supremacy of constitution: Fazl

Jamiat Ulema-i-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman on Tuesday said we are struggling for supremacy of the constitution and democracy but government has no ideology.
Published 20 Nov, 2019 12:00am
Industrialists urged to clear water dues

Industrialists urged to clear water dues

Chairman Hyderabad SITE Association of Trade and Industry Mazhar-ul-Haq Choudhry has urged industrialists to clear their water arrears in order to avert the suspension of supply in SITE Hyderabad.
Published 20 Nov, 2019 12:00am
Sindh PA session adjourns sans legislation

Sindh PA session adjourns sans legislation

The opposition parties on Tuesday staged a noisy protest, which forced the speaker to adjourn the Sindh Assembly session until Friday without legislations.
Published 20 Nov, 2019 12:00am
Ghani criticises PM for anti-Bilawal remarks

Ghani criticises PM for anti-Bilawal remarks

Sindh Minister for Information, Archives and Labor, Saeed Ghani while responding to the criticism of Prime Minister Imran Khan on Chairman Pakistan People's Party Bilawal Bhutto Zardari, said Bilawal Bhutto Zardari appeared to be riding on the senses of I
Published 20 Nov, 2019 12:00am
Pakistan Housing Scheme: Sindh governor urged to include KPC members

Pakistan Housing Scheme: Sindh governor urged to include KPC members

Sindh Governor Imran Ismail Tuesday inaugurated a free medical camp for journalists and their families at the Karachi Press Club. The Governor also visited the stalls for HIV, BMD, RBS, OPD, eye, dental and physiotherapy at the medical camp. Earlier, KPC
Published 20 Nov, 2019 12:00am
APNS offers condolence

APNS offers condolence

Sarmad Ali, Secretary General of the All Pakistan Newspapers Society has expressed profound grief on behalf of APNS office bearers and members of the Executive Committee over the sad demise of Muhammad Ibrahim Narejo father of Ahmed Bakhsh Narejo, Secreta
Published 20 Nov, 2019 12:00am
PMIC & KFW launch renewable energy initiative
Energy

PMIC & KFW launch renewable energy initiative

Pakistan Microfinance Investment Company (PMIC), a national-level apex institution for microfinance providers in the country and KFW, a German government owned Development Bank hosted a launch ceremony of their programme called PRIME-PMIC-KfW Renewable En
Updated 20 Nov, 2019 07:28am
President, PM extend condolences to UAE rulers

President, PM extend condolences to UAE rulers

President Dr Arif Alvi and Prime Minister Imran Khan have extended sympathies and condolences to the President and the Crown Prince of the United Arab Emirates, respectively, over the sad demise of Sheikh Sultan bin Zayed Al Nahyan, brother of Sheikh Khal
Published 20 Nov, 2019 12:00am
Nation at tipping point of progress, prosperity: Alvi

Nation at tipping point of progress, prosperity: Alvi

President Dr Arif Alvi on Tuesday said that Pakistani nation, after passing through a trial and learning a lot from polarization, had now become a mature nation and was at a tipping point of progress and prosperity.
Published 20 Nov, 2019 12:00am
Fawad sees low expectations about return of Nawaz

Fawad sees low expectations about return of Nawaz

While stressing upon equal applicability of law, Federal Minister for Science and Technology Fawad Chaudhry said there were low expectations about the return of former prime minister Nawaz Sharif to Pakistan.
Published 20 Nov, 2019 12:00am
Senate chief assures committee of action against health officials

Senate chief assures committee of action against health officials

In an unusual move, the members of Senate Standing Committee on National Health Services, Regulation and Coordination Tuesday approached Chairman Senate Sadiq Sanjrani with the demand 'to take action' against three top health officials; the minister of st
Published 20 Nov, 2019 12:00am
IWMI's training for water professionals begins

IWMI's training for water professionals begins

A four day training programme for mid-level water professionals of Pakistan here on Tuesday has begun under auspices of International Water Management Institute (IWMI).
Published 20 Nov, 2019 12:00am
SPs tasked to initiate action against SHOs having private gunmen

SPs tasked to initiate action against SHOs having private gunmen

In the wake of surging crime rate in the metropolis, the Punjab police have tasked all the divisional superintendents of police to identify and initiate strict departmental proceedings against those Station House Officers (SHOs) who have private gunmen.
Published 20 Nov, 2019 12:00am
Rahbar committee announces opening of highways and roads

Rahbar committee announces opening of highways and roads

The Rahbar Committee of opposition political parties on Tuesday announced a change in its 'plan-B', asking the opposition activists across the country to open the highways and roads with not creating hardships for general public, besides calling for an al
Published 20 Nov, 2019 12:00am
Punjab food dept marks 'World Food Day'

Punjab food dept marks 'World Food Day'

Speakers at a seminar arranged by the Punjab Food Department (PFD) in connection with the World Food Day stressed the need to revolutionize the agriculture sector to ensure food security. The current government imposed an 'agricultural emergency' to impro
Published 20 Nov, 2019 12:00am
Revenue authorities: Inter-provincial coordination meeting held

Revenue authorities: Inter-provincial coordination meeting held

All the four Provincial Revenue Authorities have taken cognizance of the issues relating to multiple compliances and inter-jurisdictional adjustment that were causing hardship for the taxpayers and discussed in detail the possible solutions to all such is
Published 20 Nov, 2019 12:00am
Foreign delegates to attend Interiors Expo

Foreign delegates to attend Interiors Expo

Delegations belonging to the furniture industry of China, Turkey, Taiwan, Thailand and other countries have started arriving here on a week-long visit to participate in the three-day 11th Interiors Pakistan Exhibition commencing from November 22.
Published 20 Nov, 2019 12:00am
Fesco spending Rs1.3bn on maintenance of T&D lines
Energy

Fesco spending Rs1.3bn on maintenance of T&D lines

Faisalabad Electric Supply Company (Fesco) is spending Rs 1.3 billion on the repair and maintenance of transmission and distribution lines in Fesco region while transformer of 40-MBA capacity will become functional in M3 Industrial Estate during next mont
Updated 20 Nov, 2019 07:28am
Minister, Sarwar discuss industrial workers' issues

Minister, Sarwar discuss industrial workers' issues

Punjab Labour and Human Resource Minister Anser Majeed Khan called on Punjab Governor Chaudhary Mohammed Sarwar here on Tuesday and discussed matters regarding present national scenario as well as welfare of the industrial workers of Punjab.
Published 20 Nov, 2019 12:00am
Sindh obtains formal licence to set up PGC
Energy

Sindh obtains formal licence to set up PGC

For the first time in the history, Sindh province has obtained formal licence from the National Electric Power Regulatory Authority (NEPRA) to setup its own "Provincial Grid Company" (PGC).
Updated 20 Nov, 2019 07:24am
'Local gas production dwindles by 7 percent annually'
Energy

'Local gas production dwindles by 7 percent annually'

Special Assistant to the Prime Minister on Petroleum, Nadeem Babar Tuesday said that local production of gas is dwindling by five to seven percent annually and gas deficit is met through import of liquefied natural gas (LNG).
Updated 20 Nov, 2019 07:28am
Punjab CM unhappy over failure in overcoming price hike

Punjab CM unhappy over failure in overcoming price hike

Expressing strong indignation over failure in taking effective steps for overcoming price hike, the Punjab Chief Minister Sardar Usman Buzdar has announced that he will personally check the rates of different commodities and also asked the officers to go
Published 20 Nov, 2019 12:00am
Sarwar says institutions, government on the same page

Sarwar says institutions, government on the same page

Punjab Governor Chaudhry Mohammad Sarwar on Tuesday said that all the institutions and the government are on the same page for the development and prosperity of the country. "Instead of personal interests, the opposition should give preference to national
Published 20 Nov, 2019 12:00am
CAC Pakistan expo begins today
Business & Economy

CAC Pakistan expo begins today

"The three-day CAC Pakistan Summit & Pak-China Agro Chem is being commenced from Wednesday (today) while inauguration ceremony will be held on Thursday (Nov 21) at Lahore Expo Center."
Published 20 Nov, 2019 12:00am
Profundity of financial statements
Articles

Profundity of financial statements

The national bourse, Pakistan Stock Exchange (the 'PSX') has around 534* companies listed on it with several others in the pipeline for obtaining listing courtesy of government's confidence building measures for businesses resulting in take-off of economy
Updated 21 Nov, 2019 10:11am
PSM inflicting Rs60m loss per day: PBIF chief
Business & Economy

PSM inflicting Rs60m loss per day: PBIF chief

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has expressed concerned that the post of CEO of Pakistan Steel Mills (PSM) is lying vacant since January 2013, it has no financial advisor, therefore, time and money should
Published 20 Nov, 2019 12:00am
Understanding water economy of major crops
Brief Recordings

Understanding water economy of major crops

A lot of noise surrounds the water intensiveness of Pakistan's agriculture sector. Noted experts in water sector research - both from academic and public policy areas - have highlighted that the farming segment consumes over 90 percent of Pakistan's total
Updated 22 Nov, 2019 12:19pm
Swedish prosecutor drops Assange rape investigation

Swedish prosecutor drops Assange rape investigation

Swedish prosecutors said Tuesday they have dropped their investigation into jailed WikiLeaks founder Julian Assange over a 2010 rape allegation, even though they found the plaintiff's claim "credible".
Published 20 Nov, 2019 12:00am
NATO chief to confront Macron over 'brain dead' claim

NATO chief to confront Macron over 'brain dead' claim

NATO chief Jens Stoltenberg said Tuesday he will visit Paris next week to seek an explanation from Emmanuel Macron after the French president dismissed the alliance as "brain dead".
Published 20 Nov, 2019 12:00am
Zelensky says Ukraine getting 'tired' of Trump scandal

Zelensky says Ukraine getting 'tired' of Trump scandal

Ukrainian President Volodymyr Zelensky said on Tuesday that his country is "tired" of questions related to the Trump scandal, amid a critical week of public impeachment hearings in Washington.
Updated 20 Nov, 2019 07:02am
China says only it can rule on Hong Kong constitution

China says only it can rule on Hong Kong constitution

China insisted Tuesday it alone held the authority to rule on constitutional matters in Hong Kong, as it condemned a decision by the city's high court to overturn a ban on face masks worn by pro-democracy protesters.
Updated 20 Nov, 2019 06:58am
Turkmenistan stages first opera after 19-year ban

Turkmenistan stages first opera after 19-year ban

Reclusive Turkmenistan staged its first foreign opera on Tuesday, nearly 19 years after the Central Asian country's founding president banned the art form as "incompatible with Turkmen mentality". A state theatre in the capital Ashgabat was packed for the
Published 20 Nov, 2019 12:00am
EU faces rift over new members after French 'non'

EU faces rift over new members after French 'non'

European Union members wrangled over the rules for joining their club on Tuesday, after France triggered anger by seeking to postpone bids from Albania and North Macedonia.
Updated 20 Nov, 2019 07:16am
CBOT soyabean futures down
Commodities

CBOT soyabean futures down

Chicago Board of Trade soyabean futures closed lower on Monday on forecasts for improving South American crop weather along with uncertainty about prospects for a US-China trade deal, analysts said.
Published 20 Nov, 2019 12:00am
PMEX daily trading report

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited PMEX Commodity Index closed at 4,244. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.525 billion and the numbers of lots traded was 8,009.
Published 20 Nov, 2019 12:00am
Russian wheat prices rise on major Egyptian purchase
Commodities

Russian wheat prices rise on major Egyptian purchase

Russian wheat prices rose last week as Egypt, the largest buyer of grain from the country, made a major purchase, industry analysts said on Monday, adding that Siberian local prices saw an unusual spike due to demand from Kazakhstan.
Published 20 Nov, 2019 12:00am
US natural gas futures fall on warmer weather
Energy

US natural gas futures fall on warmer weather

US natural gas futures fell almost 5% to a three-week low on Monday on forecasts for the weather to be warmer than previously expected over the next two weeks.
Updated 20 Nov, 2019 07:20am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 110,761 tonnes of cargo comprising 84,711 tonnes of import cargo and 26,050 tonnes of export cargo including 6,591 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 20 Nov, 2019 12:00am
Dollar shade lower in Asia
Money & Banking

Dollar shade lower in Asia

The dollar nursed losses on Tuesday as receding hopes for a preliminary trade deal between the United States and China hurt demand for the greenback. The yuan also suffered, touching a two-week low versus the greenback amid doubts about efforts to resolve
Updated 20 Nov, 2019 07:19am
Dollar snaps three-day losing streak in Europe
Money & Banking

Dollar snaps three-day losing streak in Europe

The dollar snapped a three-day losing streak against rivals on Tuesday thanks to gains in the Swiss franc and the Japanese yen but remained trapped within well-worn ranges before the release of minutes from the latest US central bank meeting.
Updated 20 Nov, 2019 08:30am