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Print - 2016-01-09
Pakistan Coating Show in Lahore from January 15

Pakistan Coating Show in Lahore from January 15

Pakistan Coating Show 2016 exhibition will be held on the 15th to 17th January, at the Expo Centre Lahore. This successful annual event continues to showcase the existing products and new technologies being nurtured in the coating industry of Pakistan.
Published 09 Jan, 2016 12:00am
Saudi Arabia to try four Iranians for spying, terrorism

Saudi Arabia to try four Iranians for spying, terrorism

Four Iranians including an alleged spy will stand trial in Saudi Arabia, local media reported Friday, as a diplomatic crisis festers between the regional rivals. The Arab News daily reported that three of the suspects are alleged "terrorists" while anothe
Published 09 Jan, 2016 12:00am
Saudi Arabia to try four Iranians for spying, terrorism

Saudi Arabia to try four Iranians for spying, terrorism

Four Iranians including an alleged spy will stand trial in Saudi Arabia, local media reported Friday, as a diplomatic crisis festers between the regional rivals. The Arab News daily reported that three of the suspects are alleged "terrorists" while anothe
Published 09 Jan, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (January 08, 2016).

Published 09 Jan, 2016 12:00am
Two more policemen gunned down in Quetta

Two more policemen gunned down in Quetta

Two policemen were killed in an attack in Multani Mohalla of Quetta on Friday. It was the second attack on policemen this week in the provincial capital city of Balochistan. Masked gunmen, riding on a motorbike, opened fire at two policemen, Mushtaq Mushe
Published 09 Jan, 2016 12:00am
Two more policemen gunned down in Quetta

Two more policemen gunned down in Quetta

Two policemen were killed in an attack in Multani Mohalla of Quetta on Friday. It was the second attack on policemen this week in the provincial capital city of Balochistan. Masked gunmen, riding on a motorbike, opened fire at two policemen, Mushtaq Mushe
Published 09 Jan, 2016 12:00am
Pakistan expresses concern over nuclear test by North Korea

Pakistan expresses concern over nuclear test by North Korea

Pakistan has noted, with deep concern, the reports about the nuclear test conducted by North Korea on 6 January 2016. We have consistently supported a nuclear weapons free Korean Peninsula as agreed by all parties. Pakistan strongly believes that all coun
Published 09 Jan, 2016 12:00am
Pakistan expresses concern over nuclear test by North Korea

Pakistan expresses concern over nuclear test by North Korea

Pakistan has noted, with deep concern, the reports about the nuclear test conducted by North Korea on 6 January 2016. We have consistently supported a nuclear weapons free Korean Peninsula as agreed by all parties. Pakistan strongly believes that all coun
Published 09 Jan, 2016 12:00am
THE RUPEE: little changes
Currency

THE RUPEE: little changes

The rupee showed minor changes against the dollar on the money market on Friday in the process of trading, dealers said. The rupee was almost unchanged against the dollar for buying and selling at Rs 104.93 and Rs 104.95, experts said.
Published 09 Jan, 2016 12:00am
Tenure extended

Tenure extended

Finance Minister Ishaq Dar has extended tenure of Tax Reforms Commission for a further period of 90 days w.e.f November 15, 2015. In this regard, the Federal Board of Revenue (FBR) has issued a notification here on Friday.
Published 09 Jan, 2016 12:00am
THE RUPEE: little changes
Currency

THE RUPEE: little changes

The rupee showed minor changes against the dollar on the money market on Friday in the process of trading, dealers said. The rupee was almost unchanged against the dollar for buying and selling at Rs 104.93 and Rs 104.95, experts said.
Published 09 Jan, 2016 12:00am
Tenure extended

Tenure extended

Finance Minister Ishaq Dar has extended tenure of Tax Reforms Commission for a further period of 90 days w.e.f November 15, 2015. In this regard, the Federal Board of Revenue (FBR) has issued a notification here on Friday.
Published 09 Jan, 2016 12:00am
Tenure extended

Tenure extended

Finance Minister Ishaq Dar has extended tenure of Tax Reforms Commission for a further period of 90 days w.e.f November 15, 2015. In this regard, the Federal Board of Revenue (FBR) has issued a notification here on Friday.
Published 09 Jan, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 08, 2016).

Published 09 Jan, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 08, 2016).

Published 09 Jan, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 08, 2016)

Published 09 Jan, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 08, 2016).

Published 09 Jan, 2016 12:00am
Deadly air strikes carried out against militant groups

Deadly air strikes carried out against militant groups

Jets carried out strikes in the restive north-west against militant groups including the feared Haqqani network and Tehreek-e-Taliban Pakistan, officials said Friday, with one saying at least 25 insurgents had been killed. The strikes targeted Maizer and
Published 09 Jan, 2016 12:00am
Deadly air strikes carried out against militant groups

Deadly air strikes carried out against militant groups

Jets carried out strikes in the restive north-west against militant groups including the feared Haqqani network and Tehreek-e-Taliban Pakistan, officials said Friday, with one saying at least 25 insurgents had been killed. The strikes targeted Maizer and
Published 09 Jan, 2016 12:00am
PM scraps 'unrealistic' trade policy framework

PM scraps 'unrealistic' trade policy framework

According to a Business Recorder exclusive, Prime Minister Nawaz Sharif has reportedly termed the draft Strategic Trade Policy Framework (STPF) 'not convincing...it cannot help achieve a quantum jump in exports.' If the past STPFs are anything to g
Published 09 Jan, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 08, 2016).

Published 09 Jan, 2016 12:00am
The case of a rest house

The case of a rest house

Last May, the Khyber Pakhtunkhwa government took a commendable decision to transfer administrative control of 15 government rest houses located in the picturesque Galiyat - the area extends from Abbottabad to Murree - to the provincial tourism department
Published 09 Jan, 2016 12:00am
The Weather

The Weather

The weather report on Friday (January 08, 2016) and the forecast for Saturday (January 09, 2016).

Published 09 Jan, 2016 12:00am
The 'third phase' of human civilisation

The 'third phase' of human civilisation

Human civilization has entered into its third and hitherto highest phase after surviving through most thorny first phase and criss-crossing through second phase. Human civilisation started its journey with mainly two partakers. (1) Biological human being
Published 09 Jan, 2016 12:00am
Saudi embassy attack may backfire on Iran hard-liners

Saudi embassy attack may backfire on Iran hard-liners

The arson attack on Saudi Arabia's embassy in Tehran that prompted Riyadh to cut diplomatic ties with Iran was initially seen as a victory for hard-line opponents of President Hassan Rouhani. But analysts say the incident could ultimately backfire on his
Published 09 Jan, 2016 12:00am
'Saudi-Iran tensions': What is neutrality?

'Saudi-Iran tensions': What is neutrality?

This is apropos Business Recorder editorial 'Saudi-Iran tensions' carried by the newspaper yesterday. The newspaper has proffered an advice to country's policymaker in Islamabad by arguing that "Pakistan may still remain under pressure from its Gul
Published 09 Jan, 2016 12:00am
Pathankot attack planned to sabotage dialogue process: Malik

Pathankot attack planned to sabotage dialogue process: Malik

Pakistan Peoples Party (PPP) Senator and former Interior Minister Rehman A Malik has said that terrorist attack on Pathankot Airbase was pre-planned to sabotage the dialogue process between Pakistan and India. PPP Senator while taking to media on Friday s
Published 09 Jan, 2016 12:00am
KP police complete recruitment process

KP police complete recruitment process

Khyber Pakhtunkhwa Police has completed its recruitment process of the police constables for the year 2015. This is the second recruitment which has been made through NTS. The AIGP Establishment Najeeb-ur-Rehman Buqvi gave a presentation to the Inspector
Published 09 Jan, 2016 12:00am
Ambiguities in VTCS: PTBA approaches Dar

Ambiguities in VTCS: PTBA approaches Dar

Pakistan Tax Bar Association has approached Finance Minister Ishaq Dar to immediately address the concerns of business community regarding Voluntary Tax Compliance Scheme (VTCS) and remove ambiguities in Income Tax (Amendment) Act, 2016, extend its scope
Published 09 Jan, 2016 12:00am
Six killed as car falls into ravine in Besham

Six killed as car falls into ravine in Besham

Six persons were killed and one injured when a motorcar fall into a deep ravine in Besham, district Shangla on Friday. According to details the ill-fate motorcar was bound from Besham to Karora when it went out of the control of the driver while taking a
Published 09 Jan, 2016 12:00am
PM's Health Insurance Scheme will be launched soon

PM's Health Insurance Scheme will be launched soon

The prime minister's Health Insurance Scheme will soon be launched in the Punjab, where in the first phase 1.28 million families of the districts of Narowal, Khanewal, Sargodha and Rahim Yar Khan are expected to will to get free treatment. The annual limi
Published 09 Jan, 2016 12:00am
Fakhar concerned at decline in cotton production
Cotton

Fakhar concerned at decline in cotton production

Former Speaker National Assembly Syed Fakhar Imam on Thursday demanded the lawmakers to devise comprehensive agricultural policies by showing his concern that the country faces 35 percent decline in cotton production. On the other hand, we are surplus in
Published 09 Jan, 2016 12:00am
'Website on DBS treatment to boost medical tourism'

'Website on DBS treatment to boost medical tourism'

Advisor to Chief Minister Punjab on Health Kh Salman Rafique has said that 20 successful operations in parkinson through a modern method of deep brain stimulation in a year are a big achievement of Professor Dr Khalid Mahmood, Principal Post Graduate Medi
Published 09 Jan, 2016 12:00am
PC's claim rejected: Khattak hints at attending APC on CPEC

PC's claim rejected: Khattak hints at attending APC on CPEC

KP Chief Minister Pervez Khattak Friday hinted at participating in All Parties Conference (APC) convened by Balochistan National Party (BNP) along with PTI chief Imran Khan and rejected the claim of the Planning Commission (PC) regarding the construction
Published 09 Jan, 2016 12:00am
Punjab, Sindh close down canal network temporarily

Punjab, Sindh close down canal network temporarily

Punjab and Sindh provinces have closed network of their sprawling irrigation canals for a month to carryout annual desalinating and maintenance as there are low requirements of irrigation water for winter crops in the month of January. According to 8th Ja
Published 09 Jan, 2016 12:00am
Development schemes: Shahbaz claims southern Punjab gets more share

Development schemes: Shahbaz claims southern Punjab gets more share

Punjab Chief Minister Shahbaz Sharif has said his government has adopted policy of balanced development of urban and rural areas alike. "More resources and funds have been allocated for the development and prosperity of South Punjab than proportion of its
Published 09 Jan, 2016 12:00am
PEF announces string of partnership pacts signing schedule

PEF announces string of partnership pacts signing schedule

The Punjab Education Foundation (PEF) has announced a string of partnership agreements signing schedule for selected private schools under its education voucher scheme. These schools are to be selected during the scheme expansion phase 15 on January 12 an
Published 09 Jan, 2016 12:00am
Dramatic drop reported in US drone attacks

Dramatic drop reported in US drone attacks

Suspected US drones hit parts of country 13 times in 2015, the lowest number of strikes in eight years, according to a report by the Bureau of Investigative Journalism. "The drones hit Pakistan's tribal areas 13 times last year, killing between 60 and 85
Published 09 Jan, 2016 12:00am
CEO PRAL Islamabad: Ahmad allowed to hold charge on temporary basis

CEO PRAL Islamabad: Ahmad allowed to hold charge on temporary basis

The Federal Board of Revenue (FBR) has allowed Ahmad Nawaz General Manager, Pakistan Revenue Automation (Pvt) Limited (PRAL), Islamabad to hold the charge of the post of Chief Executive Officer (CEO), PRAL, Islamabad on Acting Charge basis. According to a
Published 09 Jan, 2016 12:00am
CDA tightens building by-laws

CDA tightens building by-laws

The development of commercial buildings, in the federal capital, is at standstill as the Capital Development Authority (CDA) has tightened its building by-laws, sources in the authority told Business Recorder here on Friday. According to the source
Published 09 Jan, 2016 12:00am
China reiterates support to Pakistan on counter-terrorism

China reiterates support to Pakistan on counter-terrorism

China has reiterated its support to Pakistan on counter terrorism and hoping that it will continue improving relations with India through peaceful way. When asked to comment on the two prime ministers' telephonic contacts on January 5 concerning the attac
Published 09 Jan, 2016 12:00am
KSE to hold live-like mock sessions for TREC holders
Exchange

KSE to hold live-like mock sessions for TREC holders

Subsequent to approval of the schemes of integration of the stock exchanges by the Securities and Exchange Commission of Pakistan (SECP), the Karachi Stock Exchange Limited (KSE) will be arranging a comprehensive pre-production mock trading session for al
Published 09 Jan, 2016 12:00am
Police release photos of 'most wanted' house maids
Currency

Police release photos of 'most wanted' house maids

Police have released photos of more than hundred "most wanted" house maids who are allegedly involved in theft and robbery incidents in Karachi. According to police, the network of these thieves and robbers is too organised. Citizens have been asked to ge
Published 09 Jan, 2016 12:00am
One-window facilitation desk at Sialkot airport

One-window facilitation desk at Sialkot airport

Under the directives of Wafaqi Mohtasib (Ombudsman) One Window Facilitation Desk will be set up at Sialkot International Airport shortly. Official sources told Business Recorder on Friday that step was being taken to facilitate the overseas Pakista
Published 09 Jan, 2016 12:00am
Cement sector remains buoyant in domestic market

Cement sector remains buoyant in domestic market

During the first half of current fiscal, cement sector continued to remain buoyant in domestic markets while exports remained under severe pressure thereby affecting the total growth in cement despatches. Despatches during the six months ended on 31st Dec
Published 09 Jan, 2016 12:00am
UBG asks government to reform SME sector

UBG asks government to reform SME sector

The United Business Group (UBG) of the FPCCI has said that Small and Medium Enterprises (SMEs) can double the national GDP if proper attention was paid to this critical sector. Comprehensive and holistic SME strategy, special incentives, improved focus, b
Published 09 Jan, 2016 12:00am
Shahbaz reviews policy framework for livestock sector

Shahbaz reviews policy framework for livestock sector

Punjab Chief Minister Shahbaz Sharif has said that livestock sector has a key role in the strengthening of economy. He said that a major segment of rural population is associated with livestock sector and development of this sector on permanent basis will
Published 09 Jan, 2016 12:00am
Suspects of gang-rape case sent to jail

Suspects of gang-rape case sent to jail

A judicial magistrate has sent eight suspects, including a governing party youth wing leader, to jail after being found guilty of gang-raping a teenager. The accused summoned by the Race Course police on Friday were the governing party youth wing leader,
Published 09 Jan, 2016 12:00am
Two-day book building: Hi-Tech Lubricants oversubscribed
Exchange

Two-day book building: Hi-Tech Lubricants oversubscribed

The book building of the Hi-Tech Lubricants Limited has been over-subscribed by 2.24 times after the two-day book building process. The shares were offered at a base price of Rs 37 per share but following significantly high demand during the book building
Published 09 Jan, 2016 12:00am
Boy commits suicide in Multan

Boy commits suicide in Multan

A 10-year-old child committed suicide after his parents refused to give him pocket money in Jalalpur Peer Wala area on Friday. The boy namely Junaid asked for Rs 50 from his parents however; on refusal and getting rebuked the child locked himself in his r
Published 09 Jan, 2016 12:00am
National Immunisation Day: anti-polio campaign in Punjab from January 11

National Immunisation Day: anti-polio campaign in Punjab from January 11

"A polio campaign in the Punjab will take place between January 11 and 13 as part of the National Immunisation Day," said Health Advisor Khawaja Salman Rafique on Friday. Advisor Rafique claimed as many as 18 million under-five children would get polio dr
Published 09 Jan, 2016 12:00am
Azarenka strolls into final showdown with Kerber
Kerb

Azarenka strolls into final showdown with Kerber

Former world number one Victoria Azarenka waltzed into the final of the Brisbane International when she thrashed American wildcard Samantha Crawford 6-0, 6-3 in just 68 minutes on Friday. Crawford had enjoyed an unexpected run to her first WTA semi-final
Published 09 Jan, 2016 12:00am
Federer overcomes illness and opponent

Federer overcomes illness and opponent

Swiss great Roger Federer overcame the effects of a recent illness and a tenacious Grigor Dimitrov to book a place in the semi-finals of the Brisbane International on Friday. Federer, the defending champion, edged Dimitrov 6-4, 6-7 (4/7), 6-4 in his fourt
Published 09 Jan, 2016 12:00am
Taimur shines at opening day of Asghar Khan Amateur Golf

Taimur shines at opening day of Asghar Khan Amateur Golf

International golfer and member of the Pakistan team Taimur Naseer led the opening day round with his gross score three under par 69 over 18 holes of the 54-holes Air Marshal Asghar Khan National Amateur Golf Championship, which got under way here at PAF
Published 09 Jan, 2016 12:00am
China dump Perrin after World Cup flop

China dump Perrin after World Cup flop

China's football body announced the sacking of national coach Alain Perrin on Friday after a disappointing run of results left their World Cup qualifying campaign hanging by a thread. The Chinese Football Association (CFA) said the decision had been made
Published 09 Jan, 2016 12:00am
Steyn in squad for third Test

Steyn in squad for third Test

South African fast bowler Dale Steyn is expected to be fit for the remaining two Tests of the series against England. But Steyn will have to prove his fitness ahead of the third Test starting at the Wanderers Stadium next Thursday after failing to see out
Published 09 Jan, 2016 12:00am
Suarez banned for two matches

Suarez banned for two matches

Barcelona striker Luis Suarez was on Friday banned for two Copa del Rey matches after being cited in the referee's report for calling Espanyol players "a waste of space" at the end of a heated Catalan derby. Barcelona said they would appeal the ban, argui
Published 09 Jan, 2016 12:00am
Platini faces life in the wilderness

Platini faces life in the wilderness

Michel Platini is clinging to hopes that he will retain control of Europe's cash-rich UEFA after his eight-year suspension forced him to withdraw from the race to become head of football's world body FIFA. Angrily blaming suspended FIFA leader Sepp Blatte
Published 09 Jan, 2016 12:00am
Nadal through to 99th career final at Qatar Open

Nadal through to 99th career final at Qatar Open

Rafael Nadal served his way to his first final of 2016 - and the 99th of his career - at the Qatar Open on Friday, beating Ukraine's Illya Marchenko in straight sets. The Spaniard, who endured a miserable 2015, showed he could be returning to his best wit
Published 09 Jan, 2016 12:00am
Australia coach predicts fiesty India ODI series
Exchange

Australia coach predicts fiesty India ODI series

Australia's upcoming one-day campaign against India should be as feisty as ever, coach Darren Lehmann said Friday, adding the dynamic would be a good challenge for his young squad. Asked about the mood of the five-match ODI series, which gets under way at
Published 09 Jan, 2016 12:00am
Pakistan-China Davis Cup tie moved to Sri Lanka over security concerns

Pakistan-China Davis Cup tie moved to Sri Lanka over security concerns

Pakistan will host its Asia Oceania Group I Davis Cup tennis tie in Sri Lanka after opponents China refused to visit the violence-hit country over security fears, officials said Friday. The Pakistan Tennis Federation (PTF) said they had hoped that the cou
Published 09 Jan, 2016 12:00am
US general fears military will lower standards for women

US general fears military will lower standards for women

The US military will inevitably have to lower its physical requirements so more women can fill infantry and commando roles, a top general said Friday. The comments from John Kelly, a four-star Marine general who is retiring from the head of the military's
Published 09 Jan, 2016 12:00am
US to transfer al Qaeda suspect from Guantanamo to Kuwait

US to transfer al Qaeda suspect from Guantanamo to Kuwait

The United States released a suspected al Qaeda propagandist to the government of Kuwait on Friday, leaving a total of 104 inmates at the US naval prison in Guantanamo Bay, Cuba. The US Defence Department announced the repatriation of Faez Mohammed Ahmed
Published 09 Jan, 2016 12:00am
EU pushes Libya peace as IS claims deadly blasts

EU pushes Libya peace as IS claims deadly blasts

The EU pressed Libyan politicians to back a unity government Thursday, as the Islamic State group claimed suicide bombings that killed dozens and sparked fears of a jihadist expansion on Europe's doorstep. European Union foreign affairs chief Federica Mog
Published 09 Jan, 2016 12:00am
UN warns cluster bomb use in Yemen may amount to war crime

UN warns cluster bomb use in Yemen may amount to war crime

UN Secretary-General Ban Ki-moon warned Friday that the use of cluster bombs in Yemen by the Saudi-led coalition may amount to war crimes. Ban said he had received "troubling reports" of cluster bomb attacks on January 6 on the rebel-held capital Sanaa. "
Published 09 Jan, 2016 12:00am
Raging bushfire devastates Australian town

Raging bushfire devastates Australian town

A "catastrophic" bushfire has burnt through an historic town in Western Australia, razing 95 homes and leaving three people unaccounted for, officials said Friday. The out-of-control blaze 110 kilometres (68 miles) south of Perth more than doubled in size
Published 09 Jan, 2016 12:00am
Belgium says found possible: Paris attacks bomb factory in December raid

Belgium says found possible: Paris attacks bomb factory in December raid

Belgian investigators believe explosives used in the attacks in Paris in November may have been made in an apartment in Brussels that was rented under a false name and where a fingerprint of a key fugitive was found. Police found material that could be us
Published 09 Jan, 2016 12:00am
UK mother jailed for taking children to live under IS

UK mother jailed for taking children to live under IS

A British-born mother was jailed for more than five years on Friday, having tried to take her children to Syria to live under Islamic State group rule. The 34-year-old woman, who cannot be named for legal reasons, wanted to live under strict Shariah law,
Published 09 Jan, 2016 12:00am
Special forces target Islamic State in Hawija: Iraq official

Special forces target Islamic State in Hawija: Iraq official

Foreign special forces have been carrying out raids on an Islamic State stronghold in northern Iraq ahead of an offensive planned later this year to retake Mosul, the largest city under the group's control, Iraq's parliamentary speaker said. Several attac
Published 09 Jan, 2016 12:00am
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