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Feb 16, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-02-09
Illegal immigrants: government says understanding reached with EU

Illegal immigrants: government says understanding reached with EU

Pakistan said on Monday it has reached an understanding with the European Union over reviving a 2010 agreement that allows the 27-nation bloc to deport illegal immigrants from that country. Islamabad temporarily suspended in November the readmission deal
Published 09 Feb, 2016 12:00am
Tarbela extension: Wapda procuring no-approved equipment?

Tarbela extension: Wapda procuring no-approved equipment?

Water and Power Development Authority (Wapda) is said to be procuring non-approved equipment for Tarbela fourth extension. Well informed sources told Business Recorder that in the ongoing Tarbela 4th extension project the supplier M/s Voith-Hydro I
Published 09 Feb, 2016 12:00am
Tarbela extension: Wapda procuring no-approved equipment?

Tarbela extension: Wapda procuring no-approved equipment?

Water and Power Development Authority (Wapda) is said to be procuring non-approved equipment for Tarbela fourth extension. Well informed sources told Business Recorder that in the ongoing Tarbela 4th extension project the supplier M/s Voith-Hydro I
Published 09 Feb, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 09 Feb, 2016 12:00am
Tarbela extension: Wapda procuring no-approved equipment?

Tarbela extension: Wapda procuring no-approved equipment?

Water and Power Development Authority (Wapda) is said to be procuring non-approved equipment for Tarbela fourth extension. Well informed sources told Business Recorder that in the ongoing Tarbela 4th extension project the supplier M/s Voith-Hydro I
Published 09 Feb, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 09 Feb, 2016 12:00am
Cost of Kachhi Canal soars to Rs 102.1 billion

Cost of Kachhi Canal soars to Rs 102.1 billion

The Ministry of Water and Power on Monday submitted PC-1 (second revised) of Kachhi Canal Project to the Ministry of Planning, Development and Reforms for its approval while increasing amount of Rs 45 billion in its original cost. According to the sources
Published 09 Feb, 2016 12:00am
Cost of Kachhi Canal soars to Rs 102.1 billion

Cost of Kachhi Canal soars to Rs 102.1 billion

The Ministry of Water and Power on Monday submitted PC-1 (second revised) of Kachhi Canal Project to the Ministry of Planning, Development and Reforms for its approval while increasing amount of Rs 45 billion in its original cost. According to the sources
Published 09 Feb, 2016 12:00am
Cost of Kachhi Canal soars to Rs 102.1 billion

Cost of Kachhi Canal soars to Rs 102.1 billion

The Ministry of Water and Power on Monday submitted PC-1 (second revised) of Kachhi Canal Project to the Ministry of Planning, Development and Reforms for its approval while increasing amount of Rs 45 billion in its original cost. According to the sources
Published 09 Feb, 2016 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Monday (February 08, 2016).

Published 09 Feb, 2016 12:00am
Government borrows over Rs 116 billion through FRR-GIS

Government borrows over Rs 116 billion through FRR-GIS

The federal government Monday borrowed over Rs 116 billion at 6.10 percent through first auction for three-year Fixed Rental Rate Government of Pakistan Ijara Sukuk. For the first time in the history, Ijara Sukuk has been auctioned at a three-year fixed r
Published 09 Feb, 2016 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (February 08, 2016).

Published 09 Feb, 2016 12:00am
Government borrows over Rs 116 billion through FRR-GIS

Government borrows over Rs 116 billion through FRR-GIS

The federal government Monday borrowed over Rs 116 billion at 6.10 percent through first auction for three-year Fixed Rental Rate Government of Pakistan Ijara Sukuk. For the first time in the history, Ijara Sukuk has been auctioned at a three-year fixed r
Published 09 Feb, 2016 12:00am
Government borrows over Rs 116 billion through FRR-GIS

Government borrows over Rs 116 billion through FRR-GIS

The federal government Monday borrowed over Rs 116 billion at 6.10 percent through first auction for three-year Fixed Rental Rate Government of Pakistan Ijara Sukuk. For the first time in the history, Ijara Sukuk has been auctioned at a three-year fixed r
Published 09 Feb, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (February 08, 2016)

Published 09 Feb, 2016 12:00am
FBR starts recovery of Super Tax from companies

FBR starts recovery of Super Tax from companies

The Federal Board of Revenue (FBR) has started recovery of Super Tax from companies where the recovery has not been stayed by courts. Official sources told Business Recorder here on Monday that the Super Tax would be recovered from the units where
Published 09 Feb, 2016 12:00am
FBR starts recovery of Super Tax from companies

FBR starts recovery of Super Tax from companies

The Federal Board of Revenue (FBR) has started recovery of Super Tax from companies where the recovery has not been stayed by courts. Official sources told Business Recorder here on Monday that the Super Tax would be recovered from the units where
Published 09 Feb, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 09 Feb, 2016 12:00am
FBR starts recovery of Super Tax from companies

FBR starts recovery of Super Tax from companies

The Federal Board of Revenue (FBR) has started recovery of Super Tax from companies where the recovery has not been stayed by courts. Official sources told Business Recorder here on Monday that the Super Tax would be recovered from the units where
Published 09 Feb, 2016 12:00am
Oil price cut and future of revenue collection

Oil price cut and future of revenue collection

The federal government's decision to reduce price of petroleum and products subsequent to a further reduction in the international price would henceforth not automatically reduce its revenue collections from this critical source - accounting for 40 percen
Published 09 Feb, 2016 12:00am
Kashmir Solidarity Day

Kashmir Solidarity Day

Like the years before, this year too, February 5 was observed in Pakistan as the Kashmir Day to show solidarity with the Kashmiri people's struggle for independence from Indian rule. Massive public rallies taken out all over the country to mark the day un
Published 09 Feb, 2016 12:00am
Bullion Rates

Bullion Rates

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

Published 09 Feb, 2016 12:00am
Is recklessness peaking?

Is recklessness peaking?

During IMF's 10th quarterly review of Pakistan's compliance with the terms of its Extended Fund Facility, the IMF was informed that the agreed privatisation of Discos (employing over 0.4 million workers) has been shelved, implying government's hasty retre
Published 09 Feb, 2016 12:00am
The Weather

The Weather

The weather report on Monday (February 08, 2016) and the forecast for Tuesday (February 09, 2016).

Published 09 Feb, 2016 12:00am
Brexit might not be all bad for $2.1 trillion gilts market
Currency

Brexit might not be all bad for $2.1 trillion gilts market

For all that some investors fear Britain leaving the European Union, holders of government debt have barely blinked, with prices near a three-year high last week and foreign investors making record purchases. By pushing a rise in Bank of England interest
Published 09 Feb, 2016 12:00am
Pot fans, foes fume as Washington DC tests limits of high life
Exchange

Pot fans, foes fume as Washington DC tests limits of high life

Almost a year has passed since it became legal to smoke, but not sell, marijuana in Washington, D.C., and pot enthusiasts and opponents alike are chafing under a compromise that leaves smokers in a haze over how to obtain their weed. Sales of equipment to
Published 09 Feb, 2016 12:00am
Afghan peace process

Afghan peace process

That a major breakthrough has taken place in the realm of the Afghan peace process is a fact; this development has certainly brightened the prospects of peace in the region.
Published 09 Feb, 2016 12:00am
US MIDDAY: gold jumps two percent
Exchange

US MIDDAY: gold jumps two percent

The price of gold jumped 2 percent to a 7-1/2-month high on Monday, briefly nudging above the psychological level of $1,200 an ounce, as sliding stock markets and worries over global economic growth prompted investors to seek safety. Stock indexes world-w
Published 09 Feb, 2016 12:00am
US MIDDAY: soya dips
Exchange

US MIDDAY: soya dips

US soyabean futures slid to a one-month low early on Monday after weekend rains across major exporter Argentina reduced the likelihood that dry weather would curb yields. Losses in other markets, including equities and oil, added pressure to soyabean and
Published 09 Feb, 2016 12:00am
EU team briefed about ECP activities

EU team briefed about ECP activities

A European Union (EU) Electoral Mission delegation, headed by Michael Gahler, called on Chief Election Commissioner of Pakistan (ECP) former Justice Sardar Muhammad Raza and Secretary ECP. The meeting was attended by the EU Ambassador to Pakistan Lora Bor
Published 09 Feb, 2016 12:00am
US experts to help Pakistan modernise grid system: Jonathan

US experts to help Pakistan modernise grid system: Jonathan

Praising Pakistan's focused efforts to surmount its energy shortage, US Assistant Secretary for International Affairs Department of Energy Jonathan Elkind Monday said American experts would help use its energy more efficiently by modernising its electric
Published 09 Feb, 2016 12:00am
KP constitutes panels to implement industrial policy

KP constitutes panels to implement industrial policy

The provincial government of Khyber Pakhtunkhwa Monday constituted two separate committees to ensure the implementation of the Industrial Policy 2016 approved by the provincial cabinet in a meeting in December last year in letter and spirit in a transpare
Published 09 Feb, 2016 12:00am
Professor Iftikhar Hussain made vice chancellor UET Peshawar

Professor Iftikhar Hussain made vice chancellor UET Peshawar

Professor Dr Iftikhar Hussain has been appointed as Vice Chancellor University of Engineering and Technology (UET), Peshawar. According to a notification of Higher Education Department, Khyber Pakhtunkhwa, the Governor has appointed Professor Dr Iftikhar
Published 09 Feb, 2016 12:00am
KP governor resigns

KP governor resigns

KP Governor Sardar Mahtab Ahmad Khan has resigned from his post, here on Monday. PML-N sources confirmed that Mehtab's resignation had been accepted by the Prime Minister and forwarded to the President for approval. PML-N sources told this scribe that Sar
Published 09 Feb, 2016 12:00am
Barton pays farewell call on Dar

Barton pays farewell call on Dar

British High Commissioner to Pakistan, Philip Barton here on Monday paid a farewell call on Finance Minister, Senator Mohammad Ishaq Dar. According to a statement issued by the Ministry of Finance, Ishaq Dar on this occasion appreciated the High Commissio
Published 09 Feb, 2016 12:00am
First polio case of 2016 surfaces in Karachi

First polio case of 2016 surfaces in Karachi

The first polio case of the year in Karachi surfaced on Monday with the detection of deadly virus in a 34-month old child. Sindh Health department confirmed that the polio virus was found in Ijaz Khan, son of Sher Ali Khan, in UC-7 of Gadap Town area. The
Published 09 Feb, 2016 12:00am
Two killed in Lakki Marwat blast

Two killed in Lakki Marwat blast

A landmine explosion near a shop claimed two lives in Lakki Marwat, a town about 110 miles south of Peshawar on Monday morning. According to police, the landmine exploded as two men Din Muhammad and Shamsur Rehman opened the shop in Zandi Akbar Khan area.
Published 09 Feb, 2016 12:00am
Government to sign 15-yr deal for 3.5 million tonnes Qatari LNG per year

Government to sign 15-yr deal for 3.5 million tonnes Qatari LNG per year

Pakistan is set to sign a 15-year import deal for 3.5 million tonnes of liquefied natural gas (LNG) per year from Qatar, a government official said on Monday. Previously the two governments had discussed a 15-year deal for 1.5 million tonnes per year with
Published 09 Feb, 2016 12:00am
Mumbai plotter Headley 'tells' court of earlier failed attacks

Mumbai plotter Headley 'tells' court of earlier failed attacks

An American who helped plot deadly attacks in Mumbai allegedly told a court Monday that Pakistan-based militants made two failed attempted attacks on the Indian city before killing 166 people in November 2008. David Headley, who was sentenced in 2013 by a
Published 09 Feb, 2016 12:00am
Admiral Zakaullah meets Royal Navy chief in UK

Admiral Zakaullah meets Royal Navy chief in UK

Chief of the Naval Staff Admiral Muhammad Zakaullah who is on an official visit to United Kingdom called on First Sea Lord & Chief of The Naval Staff of Royal Navy, Admiral Sir George Zambellas and Minister of State for Defence Procurement, Philip Dunne o
Published 09 Feb, 2016 12:00am
Children's rally to create awareness about epilepsy

Children's rally to create awareness about epilepsy

Epilepsy is a fully curable neurological disorder but unfortunately, majority of children suffering from epilepsy in Pakistan have no access to treatment facilities as well as education as a large number of people consider epilepsy as some kind of superna
Published 09 Feb, 2016 12:00am
TCKP arranges motorcycle trip

TCKP arranges motorcycle trip

The Tourism Corporation Khyber Pakhtunkhwa (TCKP) in collaboration with Saiyah Travels had arranged a three days motorcycle trip from Islamabad to Swat. The tour was titled "Bikers Caravan" and a total of 72 bikers participated in the event from Islamabad
Published 09 Feb, 2016 12:00am
Six KP districts: Smeda distributes Rs 110 million among crisis-hit SMEs

Six KP districts: Smeda distributes Rs 110 million among crisis-hit SMEs

Small and Medium Enterprise Development Authority (Smeda) on Monday distributed 81 cheques of grants worth Rs 110 million under the Multi Donor Trust Fund (MDTF)-funded project in the terrorism and flood affected SMEs of districts Hangu, Lakki Marwat, Ban
Published 09 Feb, 2016 12:00am
Welfare projects: chief minister reviews pace of work

Welfare projects: chief minister reviews pace of work

Punjab Chief Minister, Shahbaz Sharif reviewed progress of welfare projects here on Monday and said that the government is implementing a comprehensive programme for the welfare and uplift of the people and raising their living standard. Provincial Minist
Published 09 Feb, 2016 12:00am
Seasonal diseases: 'government implementing comprehensive programme'

Seasonal diseases: 'government implementing comprehensive programme'

Advisor on Health Khawaja Salman Rafique Monday presided over a meeting to review the steps for the treatment and eradication of seasonal diseases and H1N1 influenza. Secretary Specialised Healthcare & Medical Education Najam Ahmed Shah, Secretary Primary
Published 09 Feb, 2016 12:00am
SECP holds seminar on financial literacy
Mutual Funds

SECP holds seminar on financial literacy

Under its Jamapunji campaign the Securities and Exchange Commission of Pakistan (SECP) organised an investor education and awareness seminar for the students of Business Management at the Institute of Management Sciences, Peshawar. The event was organized
Published 09 Feb, 2016 12:00am
Norwegian firms interested in power sector: envoy

Norwegian firms interested in power sector: envoy

The Norwegian ambassador has revealed his country's companies interest in planning to invest in Pakistan, especially in the power sector. Diplomat Tore Nedrebo, talking to the Lahore Chamber of Commerce and Industry Senior Vice President, Almas Hyder, on
Published 09 Feb, 2016 12:00am
Sec 144 imposed on Rawalpindi airport

Sec 144 imposed on Rawalpindi airport

Authorities imposed a ban on assembly of four or more people under Section 144 within the jurisdiction of Benazir International Airport in Rawalpindi. According to local administration, the ban was imposed due to trouble being faced by passengers at the a
Published 09 Feb, 2016 12:00am
SECP appellate bench disposes of 126 appeals in six months
Exchange

SECP appellate bench disposes of 126 appeals in six months

The Appellate Bench of the Securities and Exchange Commission of Pakistan (SECP) has disposed of 126 appeals during July 2015 to December 2015 and has achieved zero pendency. The Appellate Bench was reconstituted after the appointment of new commissioners
Published 09 Feb, 2016 12:00am
Khwaja Tanvir assumes charge as DG DGI&I

Khwaja Tanvir assumes charge as DG DGI&I

Khawaja Tanveer Ahmad, a top officer of Inland Revenue Service, has relinquished the charge of the post of Director General, Directorate General of Internal Audit (IR), Islamabad and assumed the charge of Director General, Directorate General of Intellige
Published 09 Feb, 2016 12:00am
Ban on entry: case disposed of

Ban on entry: case disposed of

Disposing of on Monday a suo motu case about a bomb attack on the convoy of slain Benazir Bhutto near Karsaz in Karachi, the Supreme Court rejected the plea of Maulvi Iqbal Haider's admission to the apex court. A five-member larger bench led by Chief Just
Published 09 Feb, 2016 12:00am
Ahsan for adopting integrated energy management model

Ahsan for adopting integrated energy management model

Federal Minister Planning, Development & Reform Ahsan Iqbal said that integrated energy management model is critical for Pakistan and would closely work with USA for development of this model to ensure efficiency and management in energy sector. He stated
Published 09 Feb, 2016 12:00am
KE wins SAFA award in service sector

KE wins SAFA award in service sector

K-Electric (KE) has won the "Best Presented Annual Report Awards 2014" in Service Sector category for Pakistan at the South Asian Federation of Accountants (SAFA) Conference. A KE press release said, this is yet recognition by international institutions i
Published 09 Feb, 2016 12:00am
Opposition urges Prime Minister to step in to resolve PIA crisis

Opposition urges Prime Minister to step in to resolve PIA crisis

The opposition political parties on Monday urged Prime Minister Nawaz Sharif to step in and hold direct talks with union leaders of Pakistan International Airlines (PIA) instead of relying on his ministers who are complicating the issue with their harsh s
Published 09 Feb, 2016 12:00am
IHC rejects bail plea of accused in Modaraba scandal

IHC rejects bail plea of accused in Modaraba scandal

Islamabad High Court on Monday rejected pre-arrest bail application of one Idress, who is an accused in a Modaraba scandal. Appearing before a division bench of the Justice Aamir Farooq and Justice Mian Gull Hassan Khan, counsel of the accused, Amjad Iqba
Published 09 Feb, 2016 12:00am
Protection of witnesses: SC seeks reply from AGP

Protection of witnesses: SC seeks reply from AGP

The Supreme Court Monday sought a reply from Attorney General for Pakistan (AGP) on the legality of Judicial Commission Inquiry on the Lal Mosque amid asking the Lal Mosque Shuhada Foundation' counsel to submit a report that who would be responsible to pr
Published 09 Feb, 2016 12:00am
Highest civil awards for BKU martyrs: KP PA may pass resolution: speaker

Highest civil awards for BKU martyrs: KP PA may pass resolution: speaker

Speaker, Khyber Pakhtunkhwa Assembly, Asad Qaiser Monday said that in next session, the provincial assembly will pass a unanimous resolution for conferring highest civil award on the martyrs of BKU attack including Professor Syed Hamid Hussain and announc
Published 09 Feb, 2016 12:00am
PS-76, PS-23: President approves nomination of Appellate Tribunal

PS-76, PS-23: President approves nomination of Appellate Tribunal

On a summary of Election Commission of Pakistan, the President has approved the Prime Minister's advice for nomination of Appellate Tribunal comprising the following judges of High Court of Sindh for disposal of appeals against the decisions of the Return
Published 09 Feb, 2016 12:00am
To protect Chinese investment, military leaves little to chance

To protect Chinese investment, military leaves little to chance

A heavy police presence, guarded convoys, new checkpoints and troop reinforcements have turned parts of Gwadar into a fortress, as military seeks to protect billions of dollars of Chinese investment. Securing the planned $46 billion economic corridor of r
Published 09 Feb, 2016 12:00am
'VTCS was launched in consultation with business community'

'VTCS was launched in consultation with business community'

Management Chief of Federal Board of Revenue (FBR), Yousuf Muneer Shaikh has said that Voluntary Tax Compliance Scheme (VTCS) has been launched with consultation of all Chambers including Hyderabad Chamber of Commerce and Industry (HCCI) and business comm
Published 09 Feb, 2016 12:00am
Raids on Sheesha parlours in DHA

Raids on Sheesha parlours in DHA

The DHA vigilance teams conducted raids on a number of Sheesha bars/parlours that had again cropped up after crackdown. A DHA statement here on Monday said that these Sheesha bars are catalyst in harming the young generation as they are getting the youngs
Published 09 Feb, 2016 12:00am
StanChart Group Chief meets Nawaz in Davos
Exchange

StanChart Group Chief meets Nawaz in Davos

Bill Winters, Group Chief Executive, Standard Chartered Bank recently met Prime Minister Nawaz Sharif and his delegation, at Davos. During the meeting, they discussed the Bank's commitment to Pakistan and its leading role in the economic development of th
Published 09 Feb, 2016 12:00am
KP chief minister says government to inject positive changes into system

KP chief minister says government to inject positive changes into system

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that the present government was striving for bringing positive changes in the system through reformation and streamlining of the institutions adding that solid and effective steps of the provincial
Published 09 Feb, 2016 12:00am
Southern districts of KP seek piece of Economic Corridor pie

Southern districts of KP seek piece of Economic Corridor pie

Political leaders and lawmakers from Southern districts of KP have warned the federal government of launching mass agitation and protest if the southern region was ignored under the China Pakistan Economic Corridor project. Speaking at a joint press confe
Published 09 Feb, 2016 12:00am
German envoy due tomorrow

German envoy due tomorrow

German Ambassador Ina Lepel for the first time would visit Karachi on February 10 and 11, according to a statement issued by Consulate General of Germany here on Monday. On Wednesday, German envoy would participate in the "International Women Leaders' Sum
Published 09 Feb, 2016 12:00am
Rohari Canal: Sindh government asked to release water

Rohari Canal: Sindh government asked to release water

Growers have demanded the Sindh government to immediately release water in Rohari Canal to save standing crops cultivated on thousands of acres of land in the province. Leaders of Abadgar Action Committee (AAC) made the demand this while addressing a pres
Published 09 Feb, 2016 12:00am
KCCI SVP assumes charge as Acting President

KCCI SVP assumes charge as Acting President

Zia Ahmed Khan, Senior Vice President KCCI has assumed charge as Acting President of the Karachi Chamber of Commerce and Industry. Zia Ahmed Khan, Acting President KCCI has remained associated with the Karachi Chamber since last more than 40 years and is
Published 09 Feb, 2016 12:00am
Nine associations form new alliance

Nine associations form new alliance

A group of nine associations have formed 'All Pakistan Alliance of Associations' to evolve a joint strategy on issues being faced by the business community. The announcement of forming a new alliance of the associations was made during a meeting on Monday
Published 09 Feb, 2016 12:00am
63 companies to participate in 'Pakistan Expo' in Kuala Lumpur
Cotton

63 companies to participate in 'Pakistan Expo' in Kuala Lumpur

As many as 63 Pakistani companies will showcase their products in 'PEXPO - Pakistan Expo' scheduled to be held at Mid Valley Exhibition Centre, Kuala Lumpur, Malaysia, from February 12 to 15. The four-day mega show is being organised by EVECON - an event
Published 09 Feb, 2016 12:00am
Old-design banknotes to be demonetised from December 1: SBP
Exchange

Old-design banknotes to be demonetised from December 1: SBP

The State Bank of Pakistan (SBP) has decided to phase out all remaining old-design banknotes of Rs 10, 50, 100 & 1000. As per federal government's gazette notification dated 4th June, 2015, the old-design banknotes will cease to be legal tender with effec
Published 09 Feb, 2016 12:00am
Nine suspects held in Quetta

Nine suspects held in Quetta

The Frontier Corps (FC), police and sensitive agencies on Monday arrested nine suspects of a banned outfit during a joint search operation in different areas of the Balochistan capital. According to an FC spokesman, two rifles, two pistols and several bul
Published 09 Feb, 2016 12:00am
Flights operations resume

Flights operations resume

The flights operation of Pakistan International Airlines (PIA) after six-day of protest has partially been resumed on early Monday. According to PIA spokesman, the airline had operated three more flights from Lahore on early Monday. These included PK-731
Published 09 Feb, 2016 12:00am
SBP injects Rs 1.1 trillion into banking system

SBP injects Rs 1.1 trillion into banking system

Domestic banking sector is continued to face liquidity shortage, as State Bank of Pakistan (SBP) on Monday injected over Rs 1.1 trillion in the system to reduce the widening liquidity gap. The SBB conducted its Open Market Operation (injection) on Monday
Published 09 Feb, 2016 12:00am
Rangers arrest 'target killer'

Rangers arrest 'target killer'

Rangers on Monday arrested an alleged target killer from North Nazimabad area. The accused was presented before an Anti-terrorism Court (ATC), which handed over him to the paramilitary force on 90-day preventive detention. A Rangers spokesman said: "the a
Published 09 Feb, 2016 12:00am
16 Pakistani firms to take part in Frankfurt's fair

16 Pakistani firms to take part in Frankfurt's fair

Sixteen exhibitors from Pakistan will participate in the world's largest consumer goods fair "Ambient 2016", scheduled to be held in Frankfurt from February 12 to 16. The Pakistani companies participating in the expo include Agro Hub International, Anaya
Published 09 Feb, 2016 12:00am
Seafood exports decline by 7 percent in 1H

Seafood exports decline by 7 percent in 1H

A phenomenal fall in fisheries catch has pulled down the country's seafood export by over seven per cent to $166.539 million in first half of this fiscal year. According to Federal Bureau of Statistics, seafood export volume slumped by 8pc or 5594 metric
Published 09 Feb, 2016 12:00am
EFERT announces Rs 11.3 EPS for CY15

EFERT announces Rs 11.3 EPS for CY15

Engro Fertilisers Limited (EFERT), in its financial results on Monday, declared Rs 15 billion profits and Rs 11.3 earning per share (EPS) for calendar year 2015 (CY15). This EPS marks 83 percent growth over CY14. The year under review saw the fertilizer g
Published 09 Feb, 2016 12:00am
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