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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-06-04
Commerce Minister urged to consider Chaman route as CAREC

Commerce Minister urged to consider Chaman route as CAREC

Chaman border is the best alternative to serve as Central Asian Republics' Economic Corridor (CAREC), as it is the shortest route and a gateway for trade with Afghanistan and Central Asian Republics. President, Chaman Chamber of Commerce and Industry, Eng
Published 04 Jun, 2014 12:00am
SECP suspends licence of NAMCO, imposes penalty

SECP suspends licence of NAMCO, imposes penalty

The Securities and Exchange Commission of Pakistan (SECP) suspended the asset management services license of the National Asset Management Company Limited (NAMCO) to manage public funds and imposed a penalty of one million rupees on NAMCO, and of 150,000
Published 04 Jun, 2014 12:00am
Anti-polio campaign continues in Lahore

Anti-polio campaign continues in Lahore

Anti-polio campaign continued actively on the second day of three-day polio drive in all nine towns of the provincial capital on Tuesday. The workers of Punjab Health Department, TMAs and Lady Health Workers and visitors went door-to-door and administered
Published 04 Jun, 2014 12:00am
Three held for supplying substandard equipment

Three held for supplying substandard equipment

Khyber Pakhtunkhwa's National Accountability Bureau on Tuesday arrested three persons on the charges of causing huge losses to national exchequer by supplying substandard science laboratories' equipment, stationary items, uniforms at an exorbitant rate an
Published 04 Jun, 2014 12:00am
Khurram, Basit discuss trade issues with India

Khurram, Basit discuss trade issues with India

Commerce Minister, Khurram Dastgir and Pakistan's High Commissioner to India, Abdul Basit on Tuesday discussed ways and means to resolve trade issues with India prior to grant of Most Favoured Nation (MFN) status renamed as Non Discriminatory Market Acces
Published 04 Jun, 2014 12:00am
Five killed in various incidents of violence in city

Five killed in various incidents of violence in city

Five people were killed while three others were injured in separate incidents of violence in the city. According to police and rescue sources, Waseem Niazi, 30, son of Abdul Ghafoor Niazi, was killed when unidentified gunmen opened fire on him near Ayub S
Published 04 Jun, 2014 12:00am
Emirates to fly six times a day from Karachi to Dubai

Emirates to fly six times a day from Karachi to Dubai

Emirates announced to operate six flights daily from Karachi to Dubai in order to facilitate the passengers. This service will be started from 1st August. The additional service will be operated by an Emirates Airbus A330-200 in a two-class configuration,
Published 04 Jun, 2014 12:00am
MQM stages sit-in against Altaf's arrest

MQM stages sit-in against Altaf's arrest

The workers of Muttahida Qaumi Movement (MQM) on Tuesday staged a protest sit-in at Numaish Chowrangi against the arrest of party chief Altaf Hussain in London, which continued till filing of this story. On this occasion, MQM leaders Farooq Sattar, Amin-u
Published 04 Jun, 2014 12:00am
Altaf's arrest was not unexpected: JI chief

Altaf's arrest was not unexpected: JI chief

Jamaat-i-Islami chief Sirajul Haq has said that the arrest of MQM chief Altaf Husain was not something unexpected and he will have full opportunity to prove his innocence under the British law. While giving comments on the issue, he said that there had be
Published 04 Jun, 2014 12:00am
ICI Pakistan announces appointment of Chairman, new directors

ICI Pakistan announces appointment of Chairman, new directors

The Board of Directors of ICI Pakistan Limited has appointed Muhammad Sohail Tabba as Chairman of the Board. Sohail Tabba is one of the leading business executives in Pakistan with over 20 years of experience in manufacturing, energy, real-estate and ceme
Published 04 Jun, 2014 12:00am
IED kills seven tribesmen in Kurram Agency

IED kills seven tribesmen in Kurram Agency

A powerful bomb planted on Upper Kurram-Badama Road in Kurram Agency killed seven tribesmen and injured eight others on Tuesday morning. Javed Khan, Political Tehsildar Kurram Agency told APP on phone that an improvised explosive device (IED) planted near
Published 04 Jun, 2014 12:00am
Obama unveils $1 billion security plan for eastern Europe

Obama unveils $1 billion security plan for eastern Europe

President Barack Obama on Tuesday unveiled a $1 billion US security plan for eastern Europe aimed at allaying fears over a resurgent Kremlin and the escalating pro-Russian uprising in ex-Soviet Ukraine. Obama launched a major tour of Europe in Warsaw wher
Published 04 Jun, 2014 12:00am
HRCP slams targeting of nationalists in Sindh

HRCP slams targeting of nationalists in Sindh

Expressing grave concern over the abduction and murder of Jeay Sindh Muttahida Mahaz (JSMM) activist Muneer Cholyani, the Human Rights Commission of Pakistan (HRCP) said on Tuesday that the incident appeared to be the continuation of a disturbing trend in
Published 04 Jun, 2014 12:00am
Understated subsidies conforming to IMF pact

Understated subsidies conforming to IMF pact

The federal government may have yet another year massively understated subsidies in 2014-15 budget while complying with the agreement with the International Monetary Fund (IMF). According to the budget documents, the government has earmarked Rs 156.1 bill
Published 04 Jun, 2014 12:00am
Understated subsidies conforming to IMF pact

Understated subsidies conforming to IMF pact

The federal government may have yet another year massively understated subsidies in 2014-15 budget while complying with the agreement with the International Monetary Fund (IMF). According to the budget documents, the government has earmarked Rs 156.1 bill
Published 04 Jun, 2014 12:00am
Rs 64.014 billion earmarked for education affairs & services

Rs 64.014 billion earmarked for education affairs & services

The government has earmarked Rs 64.014 billion for Education Affairs and Services in the federal budget for 2014-15 against the revised allocation of Rs 63.442 billion for the current year, showing a slight increase of 0.9 per cent. The country's public e
Published 04 Jun, 2014 12:00am
Rs 1.206 billion allocated to Supreme Court

Rs 1.206 billion allocated to Supreme Court

The government has allocated Rs 1.206 billion for the Supreme Court of Pakistan in the federal budget 2014-2015 against the outgoing fiscal year's revised estimate of Rs 1.113 billion, showing an increase of over Rs 93 million.
Published 04 Jun, 2014 12:00am
Rs 1.206 billion allocated to Supreme Court

Rs 1.206 billion allocated to Supreme Court

The government has allocated Rs 1.206 billion for the Supreme Court of Pakistan in the federal budget 2014-2015 against the outgoing fiscal year's revised estimate of Rs 1.113 billion, showing an increase of over Rs 93 million.
Published 04 Jun, 2014 12:00am
Commitment to remove SRO regime honoured

Commitment to remove SRO regime honoured

The government has honoured its commitment to remove SRO regime in the Finance Bill (2014-15), the majority of concessions, restrictions and exemptions granted through SRO were proposed to be made part of relevant Act.
Published 04 Jun, 2014 12:00am
EOBI pensioners disappointed

EOBI pensioners disappointed

More than 0.5 million pensioners of the Employees Old-age Benefit Institution (EOBI) across the country have been disappointed over the Federal Government's apathy towards them as it has not increased their minimum pension even in the 2014-15 Federal Budg
Published 04 Jun, 2014 12:00am
Doctors re-join hand of suspected thief

Doctors re-join hand of suspected thief

Doctors have re-attached the hand of a man who accused police of chopping it off after arresting him for allegedly stealing electrical caables, officials said Tuesday Ghulam Mustafa was accused along with a second man Liaqat Ali of stealing the cables in
Published 04 Jun, 2014 12:00am
'Women participation in politics vital for society'

'Women participation in politics vital for society'

Maharaja Sayajirao University, Baruda, India's Professor Dr Bhavna Mehta said women participation in politics can make a difference for the betterment of the society and country. She was addressing a seminar organized by Pakistan Study Centre on "Role of
Published 04 Jun, 2014 12:00am
Chief minister Punjab grieved

Chief minister Punjab grieved

Punjab Chief Minister Muhammad Shahbaz Sharif has expressed deep sense of sorrow and grief over the loss of precious human lives including pilots due to crash of a PAF trainee aircraft in Baldia Town Karachi. The Chief Minister also prayed for early recov
Published 04 Jun, 2014 12:00am
Two Rangers personnel killed in Kashmore

Two Rangers personnel killed in Kashmore

Two Rangers personnel embraced martyrdom while five others were injured after they were attacked by unknown miscreants here on Tuesday. Police said that unidentified assailants opened fire at a convoy of Rangers in Bhittai Colony of Kashmore when it was o
Published 04 Jun, 2014 12:00am
Improving healthcare system: Shahbaz seeks proposals from experts

Improving healthcare system: Shahbaz seeks proposals from experts

Punjab Chief Minister Muhammad Shahbaz Sharif on Tuesday said there is no shortage of resources and experts in health sector; they should sit together with the government and submit proposals and recommendations for improving healthcare system. "Healthcar
Published 04 Jun, 2014 12:00am
Pakistanis released from Bagram: LHC seeks reply from Interior Ministry

Pakistanis released from Bagram: LHC seeks reply from Interior Ministry

The Lahore High Court here on Tuesday sought reply from interior ministry by June 05 for not arranging meeting of families with ten Pakistani citizens recently released from Bagram jail in Afghanistan. Justice Project Pakistan (JPP) filed an application s
Published 04 Jun, 2014 12:00am
CM takes notice of student's death

CM takes notice of student's death

Punjab Chief Minister Shahbaz Sharif has taken notice of the death of an 8-year-old student, Muneeb Ali of Khanqah Dogaran, due to treatment by a quack in Lahore and sought a report from the district administration and police authorities. The Chief Minist
Published 04 Jun, 2014 12:00am
Economic Survey of Pakistan 2013-14: lowest GDP growth in four years

Economic Survey of Pakistan 2013-14: lowest GDP growth in four years

The following are the comments of The Institute of Policy Reforms (IPR), Lahore and the Social Policy and Development Centre (SPDC), Karachi, who have jointly studied overnight the contents of the Pakistan Economic Survey (PES) of 2013-14.
Published 04 Jun, 2014 12:00am
Economic Survey of Pakistan 2013-14: lowest GDP growth in four years

Economic Survey of Pakistan 2013-14: lowest GDP growth in four years

The following are the comments of The Institute of Policy Reforms (IPR), Lahore and the Social Policy and Development Centre (SPDC), Karachi, who have jointly studied overnight the contents of the Pakistan Economic Survey (PES) of 2013-14.
Published 04 Jun, 2014 12:00am
Economic Survey of Pakistan 2013-14: lowest GDP growth in four years

Economic Survey of Pakistan 2013-14: lowest GDP growth in four years

The following are the comments of The Institute of Policy Reforms (IPR), Lahore and the Social Policy and Development Centre (SPDC), Karachi, who have jointly studied overnight the contents of the Pakistan Economic Survey (PES) of 2013-14.
Published 04 Jun, 2014 12:00am
Four killed in PAF training plane crash

Four killed in PAF training plane crash

At least four persons including two pilots were killed while nine others injured when a Pakistan Air Force's (PAF) training aircraft crashed during a routine operational training mission near Baldia Town, here on Tuesday. Both the pilots, Wing Commander K
Published 04 Jun, 2014 12:00am
Murder of Parveen Rehman: DIG CID summoned by Supreme Court

Murder of Parveen Rehman: DIG CID summoned by Supreme Court

Expressing annoyance at a lacklustre performance of the Karachi police in investigating the murder of social worker Perven Rehman, the Supreme Court on Tuesday summoned Deputy Inspector General CID Sultan Ali Khawaja on June 10. Appearing before a three-m
Published 04 Jun, 2014 12:00am
USAID's Dairy Value Chain Initiative: HF completes entrepreneurs project

USAID's Dairy Value Chain Initiative: HF completes entrepreneurs project

Improving micro enterprises in dairy, the Dairy Value Chain Initiative of the US Agency for International Development's (USAID) Entrepreneurs Project has been successfully completed by Hashoo Foundation (HF). A project close-out ceremony was arranged by t
Published 04 Jun, 2014 12:00am
Ebad speaks to Nawaz, Nisar

Ebad speaks to Nawaz, Nisar

Sindh Governor Dr Ishrat-ul-Ebad Khan on Tuesday telephoned Prime Minister Nawaz Sharif and discussed with him the issue of detention of MQM Chief Altaf Hussein in London. The PM assured the Governor his full support, it was learnt. The PM told the govern
Published 04 Jun, 2014 12:00am
ISE index down by 42.57 points

ISE index down by 42.57 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 42.57 points as the ISE Ten Index moved from 4,444.47 to 4,401.90 points. The overall turnov
Published 04 Jun, 2014 12:00am
ISE index down by 42.57 points

ISE index down by 42.57 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 42.57 points as the ISE Ten Index moved from 4,444.47 to 4,401.90 points. The overall turnov
Published 04 Jun, 2014 12:00am
LSE index sheds 31.74 points

LSE index sheds 31.74 points

Mixed sentiments prevailed on the Lahore Stock Exchange on Tuesday where equities moved both ways and finally settled in negative zone amid improved trading turnover. The LSE-25 index was declined by 31.74 points to close at 5674.67 against 5706.41 of Mon
Published 04 Jun, 2014 12:00am
LSE index sheds 31.74 points

LSE index sheds 31.74 points

Mixed sentiments prevailed on the Lahore Stock Exchange on Tuesday where equities moved both ways and finally settled in negative zone amid improved trading turnover. The LSE-25 index was declined by 31.74 points to close at 5674.67 against 5706.41 of Mon
Published 04 Jun, 2014 12:00am
High treason case: prosecution submits additional record

High treason case: prosecution submits additional record

The prosecutor in high treason case against former army chief and President Pervez Musharraf produced additional documents on the findings of the Ministry of Interior and Federal Investigation Agency on Tuesday. Prosecutor Mohammad Akram Sheikh informed a
Published 04 Jun, 2014 12:00am
High treason case: prosecution submits additional record

High treason case: prosecution submits additional record

The prosecutor in high treason case against former army chief and President Pervez Musharraf produced additional documents on the findings of the Ministry of Interior and Federal Investigation Agency on Tuesday. Prosecutor Mohammad Akram Sheikh informed a
Published 04 Jun, 2014 12:00am
RPPs case: Pervaiz, Shaukat Tareen among 11 accused indicted

RPPs case: Pervaiz, Shaukat Tareen among 11 accused indicted

An accountability court in Islamabad on Tuesday indicted former prime minister Raja Pervaiz Ashraf and 11 other accused in the rental power projects case. Former finance minister Shaukat Tareen, former federal secretaries, Ismail Qureshi and Shahid Rafi,
Published 04 Jun, 2014 12:00am
RPPs case: Pervaiz, Shaukat Tareen among 11 accused indicted

RPPs case: Pervaiz, Shaukat Tareen among 11 accused indicted

An accountability court in Islamabad on Tuesday indicted former prime minister Raja Pervaiz Ashraf and 11 other accused in the rental power projects case. Former finance minister Shaukat Tareen, former federal secretaries, Ismail Qureshi and Shahid Rafi,
Published 04 Jun, 2014 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (June 03, 2014).

Published 04 Jun, 2014 12:00am
RPPs case: Pervaiz, Shaukat Tareen among 11 accused indicted

RPPs case: Pervaiz, Shaukat Tareen among 11 accused indicted

An accountability court in Islamabad on Tuesday indicted former prime minister Raja Pervaiz Ashraf and 11 other accused in the rental power projects case. Former finance minister Shaukat Tareen, former federal secretaries, Ismail Qureshi and Shahid Rafi,
Published 04 Jun, 2014 12:00am
Rs 198 billion target set for SOEs' privatisation

Rs 198 billion target set for SOEs' privatisation

The government has set a target of Rs 198 billion for privatisation of State Owned Enterprises (SOEs) in fiscal year 2014-15. Earlier, it failed to meet the target of Rs 79.8 billion set for current fiscal year. Privatisation Commission (PC) has finalised
Published 04 Jun, 2014 12:00am
Rs 198 billion target set for SOEs' privatisation

Rs 198 billion target set for SOEs' privatisation

The government has set a target of Rs 198 billion for privatisation of State Owned Enterprises (SOEs) in fiscal year 2014-15. Earlier, it failed to meet the target of Rs 79.8 billion set for current fiscal year. Privatisation Commission (PC) has finalised
Published 04 Jun, 2014 12:00am
Rs 198 billion target set for SOEs'' privatisation

Rs 198 billion target set for SOEs'' privatisation

The government has set a target of Rs 198 billion for privatisation of State Owned Enterprises (SOEs) in fiscal year 2014-15. Earlier, it failed to meet the target of Rs 79.8 billion set for current fiscal year. Privatisation Commission (PC) has finalised
Published 04 Jun, 2014 12:00am
Rs 198 billion target set for SOEs'''' privatisation

Rs 198 billion target set for SOEs'''' privatisation

The government has set a target of Rs 198 billion for privatisation of State Owned Enterprises (SOEs) in fiscal year 2014-15. Earlier, it failed to meet the target of Rs 79.8 billion set for current fiscal year. Privatisation Commission (PC) has finalised
Published 04 Jun, 2014 12:00am
Rs 198 billion target set for SOEs'''''''' privatisation

Rs 198 billion target set for SOEs'''''''' privatisation

The government has set a target of Rs 198 billion for privatisation of State Owned Enterprises (SOEs) in fiscal year 2014-15. Earlier, it failed to meet the target of Rs 79.8 billion set for current fiscal year. Privatisation Commission (PC) has finalised
Published 04 Jun, 2014 12:00am
New India minister killed in car accident

New India minister killed in car accident

A new Indian minister was killed Tuesday in a car accident in the capital just days after being sworn into government, officials said. Gopinath Munde, rural development and water and sanitation minister, died in hospital after his car was involved in an a
Published 04 Jun, 2014 12:00am
New India minister killed in car accident

New India minister killed in car accident

A new Indian minister was killed Tuesday in a car accident in the capital just days after being sworn into government, officials said. Gopinath Munde, rural development and water and sanitation minister, died in hospital after his car was involved in an a
Published 04 Jun, 2014 12:00am
Nargis bans outstation travel of all Discos chief

Nargis bans outstation travel of all Discos chief

The Secretary Ministry of Water and Power Nargis Sethi on Tuesday banned out-station travel of all chief Executive Officers of Power Distribution Companies for three month. It would ensure their availability at their headquarters for better management of
Published 04 Jun, 2014 12:00am
Nargis bans outstation travel of all Discos chief

Nargis bans outstation travel of all Discos chief

The Secretary Ministry of Water and Power Nargis Sethi on Tuesday banned out-station travel of all chief Executive Officers of Power Distribution Companies for three month. It would ensure their availability at their headquarters for better management of
Published 04 Jun, 2014 12:00am
Nargis bans outstation travel of all Discos chief

Nargis bans outstation travel of all Discos chief

The Secretary Ministry of Water and Power Nargis Sethi on Tuesday banned out-station travel of all chief Executive Officers of Power Distribution Companies for three month. It would ensure their availability at their headquarters for better management of
Published 04 Jun, 2014 12:00am
Altaf's arrest: Imran expresses solidarity

Altaf's arrest: Imran expresses solidarity

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Tuesday expressed solidarity with the supporters of Muttahida Qaumi Movement (MQM) over reports of Altaf Hussain's arrest in London. During his address to a public meeting at Abbottabad, Imran Khan sai
Published 04 Jun, 2014 12:00am
Altaf's arrest: Imran expresses solidarity

Altaf's arrest: Imran expresses solidarity

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Tuesday expressed solidarity with the supporters of Muttahida Qaumi Movement (MQM) over reports of Altaf Hussain's arrest in London. During his address to a public meeting at Abbottabad, Imran Khan sai
Published 04 Jun, 2014 12:00am
Rs 314 billion income expected from fuel taxes

Rs 314 billion income expected from fuel taxes

The government has estimated Rs 314 billion revenue from fuel taxes, which include Gas Infrastructure Development Cess (GIDC), Natural Gas Development Surcharge (NGDS) and Petroleum Levy (PL) in 2014-15 budget. As per the annual budget statement, Rs 145 b
Published 04 Jun, 2014 12:00am
Rs 314 billion income expected from fuel taxes

Rs 314 billion income expected from fuel taxes

The government has estimated Rs 314 billion revenue from fuel taxes, which include Gas Infrastructure Development Cess (GIDC), Natural Gas Development Surcharge (NGDS) and Petroleum Levy (PL) in 2014-15 budget. As per the annual budget statement, Rs 145 b
Published 04 Jun, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Jun, 2014 12:00am
Rs 314 billion income expected from fuel taxes

Rs 314 billion income expected from fuel taxes

The government has estimated Rs 314 billion revenue from fuel taxes, which include Gas Infrastructure Development Cess (GIDC), Natural Gas Development Surcharge (NGDS) and Petroleum Levy (PL) in 2014-15 budget. As per the annual budget statement, Rs 145 b
Published 04 Jun, 2014 12:00am
Rs 314 billion income expected from fuel taxes

Rs 314 billion income expected from fuel taxes

The government has estimated Rs 314 billion revenue from fuel taxes, which include Gas Infrastructure Development Cess (GIDC), Natural Gas Development Surcharge (NGDS) and Petroleum Levy (PL) in 2014-15 budget. As per the annual budget statement, Rs 145 b
Published 04 Jun, 2014 12:00am
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