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Print - 2020-01-31
11 killed as van crashes into pillar

11 killed as van crashes into pillar

At least eleven people were killed and seven others sustained injuries in an accident in Bhera police limits when the van crashed into a pillar, police said Thursday.
Published 31 Jan, 2020 12:00am
Questions emerge on Israel's West Bank annexation plans

Questions emerge on Israel's West Bank annexation plans

Questions surfaced Thursday over whether Israel would immediately seek to annex parts of the West Bank, after US President Donald Trump's controversial peace plan called for extending Israeli sovereignty into the area.
Published 31 Jan, 2020 12:00am
Two soldiers martyred, five terrorists killed in NWA: ISPR

Two soldiers martyred, five terrorists killed in NWA: ISPR

Two soldiers of the Pakistan Army on Thursday embraced martyrdom in an exchange of fire with terrorists in the Dattakhel area of North Waziristan, the Inter-Services Publication Relations (ISPR) said.
Published 31 Jan, 2020 12:00am
Deadliest day for China in virus fight as global fears mount

Deadliest day for China in virus fight as global fears mount

China reported its biggest single-day jump in novel coronavirus deaths on Thursday, as global fears deepened with more infections confirmed overseas including three Japanese evacuated from the outbreak's epicentre.
Published 31 Jan, 2020 12:00am
IMF monitoring economic hit from virus in 'real time'

IMF monitoring economic hit from virus in 'real time'

The International Monetary Fund is monitoring developments on the coronavirus outbreak in "real time," a spokesman said Thursday, adding that the economic hit depends on the duration of the epidemic. "We at the IMF are monitoring this very closely, we're
Published 31 Jan, 2020 12:00am
Pakistanis in Wuhan: Technical body to present suggestions: FO

Pakistanis in Wuhan: Technical body to present suggestions: FO

The Foreign Office said Thursday that all measures are being taken for the assistance, safety and welfare of Pakistani nationals stuck in China after the outbreak of coronavirus in Wuhan and a high-powered technical committee will be presenting its recomm
Published 31 Jan, 2020 12:00am
Eurozone unemployment falls to 7.4 percent

Eurozone unemployment falls to 7.4 percent

Unemployment in the eurozone fell to 7.4 percent in December, its lowest level since May 2008, the EU's Eurostat data office said on Thursday.
Published 31 Jan, 2020 12:00am
US growth slowed in 2019

US growth slowed in 2019

The US economy in 2019 expanded by the slowest rate since President Donald Trump took office as worsening trade friction, undermined investment and exports, according to new government data released Thursday. The $21 trillion economy grew by 2.3 percent c
Published 31 Jan, 2020 12:00am
Rental power: Government submits dispute settlement documents to ICSID

Rental power: Government submits dispute settlement documents to ICSID

The dispute between Turkish company M/s Karkey Karadeniz Elektrik Uretim and Government of Pakistan (GoP) is said to be reaching its conclusion as Islamabad has submitted dispute settlement documents to International Centre for Settlement of Investment Di
Published 31 Jan, 2020 12:00am
Government-IPP out-of-court settlement agreement in limbo

Government-IPP out-of-court settlement agreement in limbo

The out-of-court settlement agreement between Independent Power Producers (IPPs) and Government of Pakistan (GoP) is in limbo as the committee headed by Minister for Economic Affairs, Hammad Azhar has not finalised its report on M/s Rouch Power, owned by
Published 31 Jan, 2020 12:00am
Pompeo trumpets Brexit 'benefits'

Pompeo trumpets Brexit 'benefits'

Secretary of State Mike Pompeo predicted Thursday that Brexit would bring "enormous benefits" to the United States and the UK, during a visit to Britain on the eve of its historic departure from the European Union.
Published 31 Jan, 2020 12:00am
ECP again takes up petition against Faryal

ECP again takes up petition against Faryal

In an important development, the Election Commission of Pakistan (ECP) on Thursday again took up a petition moved by two Pakistan Tehreek-e-Insaf (PTI) MPAs from Sindh Assembly seeking disqualification of Faryal Talpur, the sister of PPP CO-Chairman Asif
Published 31 Jan, 2020 12:00am
Rs 10.3 billion projects approved by CDWP

Rs 10.3 billion projects approved by CDWP

The Central Development Working Party (CDWP) has approved as many as six development projects at the cost of Rs 10.3 billion and recommended two projects valued at Rs 30.86 billion to the Executive Committee of National Economic Council (Ecnec).
Published 31 Jan, 2020 12:00am
Declaring anyone a 'traitor' dangerous for country: Dawar

Declaring anyone a 'traitor' dangerous for country: Dawar

Pashtun Tahaffuz Movement (PTM) leader and Member of National Assembly (MNA), Mohsin Dawar has said that trend of declaring anyone a traitor should be stopped and termed this trend dangerous for the country.
Published 31 Jan, 2020 12:00am
Will respond with 'full force' if India attacks: ISPR DG

Will respond with 'full force' if India attacks: ISPR DG

Inter-Services Public Relations (ISPR) Director General Major General Asif Ghafoor on Thursday while responding to Indian Prime Minister Narendra Modi's statement said that if war is imposed, Pakistan Army will respond with "full force".
Published 31 Jan, 2020 12:00am
'Economy: the speech we won't hear'
Letters

'Economy: the speech we won't hear'

This is apropos a Business Recorder op-ed "Economy: the speech we won't hear" carried by the newspaper yesterday. The writer, Shabir Ahmed, has articulated a highly informed argument about the performance of PTI government. Not only is he objective
Published 31 Jan, 2020 12:00am
Banking for children
Articles

Banking for children

How our kids can miraculously contribute to national savings and resource mobilization towards a better and brighter Pakistan! It is a test of the will, vision and vitality of people at the helm of banking affairs to revitalize school banking and initiate
Published 31 Jan, 2020 12:00am
Stay of recovery in tax matters - I
Articles

Stay of recovery in tax matters - I

In tax disputes the principles relating to stay of recovery in appropriate cases with or without condition, whether provided statutorily or as a matter of inherent jurisdiction, are well-established. The highest court of the country, the Supreme Court of
Published 31 Jan, 2020 12:00am
'Deal of the century'?

'Deal of the century'?

President Donald Trump's long-awaited "deal of the century" for peace in the Middle East was rejected by the Palestinians even before it was made public on Tuesday, and rightly so. Not that it was the 'new Balfour declaration' to secure Israel's security
Updated 31 Jan, 2020 06:21am
Privatisation to generate Rs 150 billion

Privatisation to generate Rs 150 billion

Minister for Privatisation Muhammadmian Soomro, Secretary Privatisation Rizwan Malik and the Special Assistant to the Prime Minister on Information and Broadcasting Firdous Ashiq Awan in a joint press conference at the Press Information Department reveale
Updated 31 Jan, 2020 06:21am
PM forms bodies to have liaison with allied parties

PM forms bodies to have liaison with allied parties

Prime Minister Imran Khan has formed three committees to maintain liaison with allied parties to reduce the communication gap between allies and government after problems appeared brewing within the ruling coalition.
Published 31 Jan, 2020 12:00am
Karachi mayor, Nazim Abbottabad for strong LG system

Karachi mayor, Nazim Abbottabad for strong LG system

Mayor Karachi Wasim Akhtar on Thursday said a strong local bodies system is crucial for the development of country, but unfortunately the ruling governments never let the same flourish and work independently.
Published 31 Jan, 2020 12:00am
FBR's directives or field formations
Taxes

FBR's directives or field formations

Federal Board of Revenue (FBR) has directed field formations that market committees should start the process of registration and ensure filing of returns by small traders. In this regard, the FBR has issued instructions to the field formations here on Thu
Updated 31 Jan, 2020 06:49am
Saudi Arabia to assist KP in processing, exporting minerals

Saudi Arabia to assist KP in processing, exporting minerals

The Kingdom of Saudi Arabia has assured to provide assistance to Khyber Pakhtunkhwa government in processing and export of mineral resources of the province. It was agreed in a meeting between KP Governor Shah Farman and Saudi Ambassador to Pakistan Nawaf
Published 31 Jan, 2020 12:00am
US CG team offers partnership on films to KU

US CG team offers partnership on films to KU

A delegation of the United States Consulate General Karachi visited the University of Karachi on Tuesday and offered the university partnerships on films at the campus. The meeting was held in the Vice Chancellor Secretariat in connection with the univers
Published 31 Jan, 2020 12:00am
GRM trends downwards reflecting YoY decline of 56 percent
Energy

GRM trends downwards reflecting YoY decline of 56 percent

The Gross Refining Margin (GRM) averaged $2.89/bbl in January 2020, reflecting a year-on-year decline of $3.66/bbl or 56 percent. GRM trended downwards, as hefty losses at the bottom of the barrel outstripped gains registered in other sections of the barr
Published 31 Jan, 2020 12:00am
MQM-P denies putting any demands before federal government

MQM-P denies putting any demands before federal government

Muttahida Qaumi Movement-Pakistan (MQM-P) on Thursday declared that it didn't put any demand with the federal government for its return to the cabinet. MQM-P's spokesman reacting to the media reports that the party made the return to federal cabinet by de
Published 31 Jan, 2020 12:00am
Fishermen to take on sea from next month

Fishermen to take on sea from next month

With scaling back cold, fishermen of Karachi are prepared to take on the tides for appealing seafood probably from next February 2020. Talking to Business Recorder on Thursday, President Native Islanders Fishermen Association, Asif Bhatti said that
Published 31 Jan, 2020 12:00am
Clarification

Clarification

Muhammad Yahya, President Karachi Customs Agents Association (KCAA), clarified his statement carried by Business Recorder on Jan 30. According to him, the sterilization of containers is the duty of the concerned departments such as Ministry of Plan
Published 31 Jan, 2020 12:00am
Free medical camp in Landi Kotal

Free medical camp in Landi Kotal

The Khyber Pakhtunkhwa Health Department in collaboration with FC 104 Wing on Thursday organized a free medical camp in government primary school Asheq Kalley, Mirdad Khel area of Landi Kotal. Around 1859 patients were treated in the free medical facility
Published 31 Jan, 2020 12:00am
Urban flooding: Sindh government to build 3.5-km-long SWD

Urban flooding: Sindh government to build 3.5-km-long SWD

Sindh Chief Secretary Syed Mumtaz Ali Shah while presiding over a meeting on Thursday regarding preventive measures against monsoon rains and urban floods, decided to build a new storm water drain and rehabilitate the existing Mahran drain to save the res
Published 31 Jan, 2020 12:00am
Huawei Y6s up for pre-orders
Telecommunication

Huawei Y6s up for pre-orders

Huawei's latest smartphone for the entry-level segment Huawei Y6s is up for pre-orders from January 31 to February 6. "This time the company is introducing an exciting 'Double Deposit Offer' where consumers can pre-order the device for Rs 800 which equals
Published 31 Jan, 2020 12:00am
Excelerate, EETL ink HoA on LNG terminal expansion
Energy

Excelerate, EETL ink HoA on LNG terminal expansion

Excelerate Energy L P (Excelerate) and Engro Elengy Terminal Ltd (EETL) have signed a Heads of Agreement (HoA) for the expansion of the EETL Liquefied Natural Gas (LNG) import terminal located in Port Qasim, Pakistan.
Updated 31 Jan, 2020 06:51am
Ogra seeks up to 1.9 percent hike in POL products' prices
Energy

Ogra seeks up to 1.9 percent hike in POL products' prices

Owing to increase in crude oil prices in the international market, the Oil and Gas Regulatory Authority (Ogra) has suggested to the government to increase petroleum products' prices up to 1.9 percent for February 2020.
Updated 31 Jan, 2020 06:50am
Sindh Accreditation Committee's meeting held

Sindh Accreditation Committee's meeting held

The Annual meeting of Provincial Accreditation Committee was held under the chairmanship of Zeenat Jehan, Director Press Information on behalf of Information Department, Government of Sindh, Karachi on January 30, 2020. The following journalists from diff
Published 31 Jan, 2020 12:00am
SEPA seals five factories for flouting environmental laws

SEPA seals five factories for flouting environmental laws

Sindh Environmental Protection Agency (SEPA) on Thursday claimed to have sealed five factories in Korangi Industrial Area for not complying with Sindh Environmental Protection Act 2014, while cases of another two factories have been forwarded to the conce
Published 31 Jan, 2020 12:00am
SBP's forex reserves up $184 million
Money & Banking

SBP's forex reserves up $184 million

The State Bank's reserves increased by $184 million to reach $12 billion mark during the last week. According to weekly foreign exchange report issued by SBP on Thursday, SBP's foreign exchange reserves rose to $11.915 billion during last week ending Janu
Updated 31 Jan, 2020 06:47am
Asad reviews progress of Hyderabad University

Asad reviews progress of Hyderabad University

Federal Minister for Planning, Development and Special Initiatives, Asad Umar chaired a meeting to review the progress of establishment of Hyderabad University/Institute here on Thursday. Senior officials from HEC and Planning Commission of Pakistan as we
Published 31 Jan, 2020 12:00am
NAB requests court to reject Majeed's acquittal plea

NAB requests court to reject Majeed's acquittal plea

National Accountability Bureau (NAB) on Thursday requested the Accountability Court hearing multibillion rupees fake bank accounts case to reject the acquittal application filed by accused Abdul Ghani Majeed, son of Omni Group Chairman Anawar Majeed, as N
Published 31 Jan, 2020 12:00am
IHC extends Durrani's interim bail till February 19

IHC extends Durrani's interim bail till February 19

The Islamabad High Court (IHC) Thursday extended interim bail of former federal minister Akram Khan Durrani till February 19 in four inquiries initiated against him by National Accountability Bureau (NAB).
Published 31 Jan, 2020 12:00am
Tehran desires to join CPEC: envoy

Tehran desires to join CPEC: envoy

Iranian Ambassador to Pakistan Seyyed Mohammad Ali Hosseini Thursday said that Tehran is ready to join China-Pakistan Economic Corridor (CPEC) and called for finding ways to deal with the US sanctions hampering economic cooperation.
Published 31 Jan, 2020 12:00am
CM Sindh, WB review on-going, new projects

CM Sindh, WB review on-going, new projects

The Sindh Chief Minister Syed Murad Ali Shah and World Bank delegation led by its Country Director Patchmauthu Illangovan in their meeting here at CM House reviewed on-going development portfolio of infrastructure and sustainability, economy, public secto
Published 31 Jan, 2020 12:00am
Ailing FBR chief to meet doctors today
Taxes

Ailing FBR chief to meet doctors today

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi said on Thursday that he will decide to avail sick leave after consulting his doctor on Friday (January 31).
Updated 31 Jan, 2020 04:28am
PU student picked up by 'men in civvies' returns home

PU student picked up by 'men in civvies' returns home

A Punjab University MPhil student, who was allegedly picked up by "unidentified men in civvies" from his residence in Shalimar locality early in the morning, returned to his home.
Published 31 Jan, 2020 12:00am
Punjab government seeks Nawaz Sharif's fresh medical report

Punjab government seeks Nawaz Sharif's fresh medical report

The PTI-led Punjab government has sought fresh medical reports of the former prime minister Nawaz Sharif who is currently in London on bail for his medical treatment. Sources said the provincial government has given time to Nawaz Sharif till Friday to sub
Published 31 Jan, 2020 12:00am
Five-year plan to increase rice output launched in Punjab

Five-year plan to increase rice output launched in Punjab

A five year programme under Agriculture Emergency a national programme for enhancing profitability through increasing productivity of rice has been lunched in 15 (fifteen )rice growing districts of the Punjab costing Rs6.63 billion.
Published 31 Jan, 2020 12:00am
Youth conference held at SU

Youth conference held at SU

Bureau of Students Tutorial Guidance/Counseling Services and Co-curricular Activities (STAGS), University of Sindh Jamshoro in loop with Youth Affairs Department; Government of Sindh and Mehran Research and Development Foundation organized one-day youth c
Published 31 Jan, 2020 12:00am
330MW Thar coal achieves financial closing
Energy

330MW Thar coal achieves financial closing

Hub Power Company's 330MW Thar coal-fired power plant achieved financial closing on Thursday, signing of which was witnessed by the Minister for Power, Omar Ayub Khan, with other senior officials of Power Division, PPIB and the company.
Published 31 Jan, 2020 12:00am
Four Burundi journalists get jail terms over rebel coverage

Four Burundi journalists get jail terms over rebel coverage

A Burundi court Thursday sentenced four reporters covering an incursion of rebels from neighbouring DR Congo to 18 months in jail, sparking immediate criticism from rights watchdog Amnesty International.
Published 31 Jan, 2020 12:00am
US life expectancy up for first time in four years

US life expectancy up for first time in four years

US life expectancy is up for the first time in four years, driven by factors including a fall in the rate of fatal drug overdoses and cancer deaths, official statistics showed Thursday.
Published 31 Jan, 2020 12:00am
German nurse 'poisoned babies with morphine'

German nurse 'poisoned babies with morphine'

A nurse in Germany has been arrested on suspicion of poisoning five premature babies with morphine, police said Thursday, adding that the infants had survived.
Published 31 Jan, 2020 12:00am
Netanyahu tells Putin Mideast deal a 'new opportunity'

Netanyahu tells Putin Mideast deal a 'new opportunity'

Israeli Prime Minister Benjamin Netanyahu on Thursday hailed US President Donald Trump's Middle East peace plan as a new opportunity after flying to Moscow to discuss it with President Vladimir Putin.
Published 31 Jan, 2020 12:00am
European rights court faults France for prison overcrowding

European rights court faults France for prison overcrowding

The European Court of Human Rights on Thursday ordered France to pay thousands of euros in damages to dozens of inmates after ruling that authorities had not taken sufficient measures to end prison overcrowding.
Published 31 Jan, 2020 12:00am
Flash floods kill nine in Indonesia

Flash floods kill nine in Indonesia

Flash floods and landslides have killed at least nine people and forced thousands into temporary shelters on Indonesia's Sumatra island, the local disaster agency said Thursday.
Published 31 Jan, 2020 12:00am
German MP's offices raided over Azerbaijan corruption

German MP's offices raided over Azerbaijan corruption

German police raided offices and other premises linked to an MP from Chancellor Angela Merkel's CDU party and a former lawmaker on Thursday in a corruption case with ties to Azerbaijan.
Published 31 Jan, 2020 12:00am
Iraq resumes joint operations with US-led coalition

Iraq resumes joint operations with US-led coalition

Iraq's security forces have resumed operations with the US-led coalition to fight Islamic State group sleeper cells, the global alliance said, after tensions led to a more than three-week pause.
Published 31 Jan, 2020 12:00am
US wheat futures lower
Commodities

US wheat futures lower

US wheat futures dropped on Wednesday, with traders saying prices needed to fall for US supplies to become competitive on the export market. The benchmark Chicago Board of Trade March soft red winter wheat futures contract dropped below its 20-day moving
Published 31 Jan, 2020 12:00am