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Nov 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-02-16
Australia crush New Zealand with day to spare

Australia crush New Zealand with day to spare

Australia inflicted a crushing innings defeat on New Zealand with a day to spare in the first Test in Wellington when they dismissed the home side for 327 on Monday. In a Test that will be remembered for two majestic innings by Adam Voges and Usman Khawaj
Published 16 Feb, 2016 12:00am
Israel ex-PM Olmert begins prison term for corruption

Israel ex-PM Olmert begins prison term for corruption

Ehud Olmert, once feted for his peace efforts with the Palestinians, on Monday became Israel's first former premier to serve jail time as he began a 19-month sentence for bribery and obstruction of justice. With the nation transfixed and Israeli televisio
Published 16 Feb, 2016 12:00am
BBC documentary doesn't claim John Paul II broke his vow of celibacy

BBC documentary doesn't claim John Paul II broke his vow of celibacy

Pope John Paul II had a close relationship with a married woman which lasted over 30 years, according to letters which feature in a documentary being shown by the BBC on Monday. The documentary does not claim he broke his vow of celibacy with Polish-born
Published 16 Feb, 2016 12:00am
Ukraine bans Russian cargo trucks in tit-for-tat move

Ukraine bans Russian cargo trucks in tit-for-tat move

Ukraine has banned Russian trucks from crossing its territory in response to a similar move by Moscow, Prime Minister Arseny Yatseniuk said on Monday. Diplomatic and trade ties between Russia and Ukraine have broken down over Russia's annexation of the Cr
Published 16 Feb, 2016 12:00am
EU ends nearly all Belarus sanctions

EU ends nearly all Belarus sanctions

EU foreign ministers agreed Monday to lift nearly all sanctions on Belarus, including against strongman President Alexander Lukashenko, after improvements in the country's human rights record. The bloc in October suspended asset freezes and travel ban san
Published 16 Feb, 2016 12:00am
Mustard gas 'used in Iraq' in August

Mustard gas 'used in Iraq' in August

Mustard gas was used in two attacks in Iraq near the Kurdish capital of Arbil in August last year, sources close to the world's chemical watchdog said on Monday. "The results of some sampling have confirmed the use of mustard gas," one source said, asking
Published 16 Feb, 2016 12:00am
Workshop on biomass gasification technologies held at NUST

Workshop on biomass gasification technologies held at NUST

UNIDO in collaboration with the National University of Sciences & Technology (NUST) organised a training workshop on biomass gasification technologies at NUST. The activity was conducted under the UNIDO-GEF 'Promoting Sustainable Energy Production and Use
Published 16 Feb, 2016 12:00am
Ansar Aziz of PML-N becomes first mayor of Islamabad

Ansar Aziz of PML-N becomes first mayor of Islamabad

Sheikh Ansar Aziz of Pakistan Muslim League-Nawaz became first mayor of the federal capital on Monday defeating Pakistan Tehreek-e-Insaf's Khurram Shehzad. The Election Commission of Pakistan (ECP) held election for mayor and three deputy mayors in Metrop
Published 16 Feb, 2016 12:00am
Two lady police commandos awarded

Two lady police commandos awarded

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani awarded two lady police commandos on excellent performance in the field of training in a ceremony held at CPO Peshawar on Monday. According to details for the first time in the hi
Published 16 Feb, 2016 12:00am
'Kidnapper' escapes from high security prison

'Kidnapper' escapes from high security prison

An inmate of Karachi Central Prison on Monday managed to escape in the broad daylight, posing a big question mark on performance of the jail administration. According to police sources, Muhammad Hafeez, 35, son of Bashir Ahmad, was imprisoned in a kidnapp
Published 16 Feb, 2016 12:00am
Upgradation case: LHC seeks reply from Railways

Upgradation case: LHC seeks reply from Railways

The Lahore High Court on Monday sought a reply from Pakistan Railways' chairperson by February 17 for ignoring a court order about upgradation of commercial employees. The petition was filed by commercial employees and contended that the court had directe
Published 16 Feb, 2016 12:00am
Turkish Naval chief arrives

Turkish Naval chief arrives

Admiral Bulent Bostanoglu, Commander Turkish Naval Forces is on an official visit to Pakistan on the invitation of Chief of the Naval Staff. The Turkish Naval Chief was received by Admiral Muhammad Zakaullah, Chief of the Naval Staff at the Naval Headquar
Published 16 Feb, 2016 12:00am
Honour killing has nothing to do with Islam: Prime Minister

Honour killing has nothing to do with Islam: Prime Minister

Prime Minister Muhammad Nawaz Sharif Monday said the government was plugging loopholes in existing laws to end honour killings in the country. He was talking to renowned social activist and filmmaker Ms Sharmeen Obaid Chinoy who called on him here at the
Published 16 Feb, 2016 12:00am
Bolan Castings Limited

Bolan Castings Limited

Bolan Castings Limited (PSX: BCL) can rightly claim to be the leading foundry of its kind in Pakistan. It is a modern and well-equipped company and holds a dominant market share of the tractor and automotive castings. BCL started its journey from the Mini
Published 16 Feb, 2016 12:00am
Bolan Castings Limited

Bolan Castings Limited

Bolan Castings Limited (PSX: BCL) can rightly claim to be the leading foundry of its kind in Pakistan. It is a modern and well-equipped company and holds a dominant market share of the tractor and automotive castings. BCL started its journey from the Mini
Published 16 Feb, 2016 12:00am
HBL to provide gateway payment service to Cheezmall

HBL to provide gateway payment service to Cheezmall

HBL the largest commercial bank of the country has always had a progressive approach and strives to be the market leader in every business segment through its innovative products & services. E-commerce is no exception either. HBL's Internet Payment Gatewa
Published 16 Feb, 2016 12:00am
Exporters hail PM's decision of allowing zero-rated tax regime

Exporters hail PM's decision of allowing zero-rated tax regime

Business community has urged Prime Minister Nawaz Sharif to ensure an effective zero rated tax regime for five export sectors with effect from March 1, instead of July 1, 2016. Hailing the PM's announcement vis-à-vis zero-rated tax regime for the five exp
Published 16 Feb, 2016 12:00am
Non-release of refunds: exporters postpone protest
Cotton

Non-release of refunds: exporters postpone protest

The exporters have postponed their protest against non-release of multiple tax refunds, accumulating to the tune of Rs 343 billion, which they said has badly hit the industrial production. The associations of five export sectors on Monday announced to pos
Published 16 Feb, 2016 12:00am
Askari Bank posts impressive results for 2015

Askari Bank posts impressive results for 2015

Askari Bank announced annual financial results for 2015 with a strong bottom line growth well above the market expectations. Profit before tax at Rs 8.43 billion is showing an impressive growth of 46 percent and profit after tax of Rs 5.04 billion is refl
Published 16 Feb, 2016 12:00am
Handicrafts by BISP beneficiaries to be sold through website: Marvi

Handicrafts by BISP beneficiaries to be sold through website: Marvi

Chairperson of Benazir Income Support Program (BISP), Marvi Memon has said that the project has been launched to promote handicrafts made by BISP beneficiaries through website across the world. She said this while addressing BISP beneficiaries on the occa
Published 16 Feb, 2016 12:00am
Students involved in cracker attack held, released

Students involved in cracker attack held, released

Police on Monday arrested and later released five students allegedly involved in a cracker attack at a private school on February 12. An official at North Nazimabad police station told Business Recorder that the school children were presented befor
Published 16 Feb, 2016 12:00am
Delegation of DEFCLAREA visits DHA head office

Delegation of DEFCLAREA visits DHA head office

A group of Defence/Clifton Association of Real Estate Agents (DEFCLAREA) visited DHA Head Office and attended a meeting chaired by Administrator DHA Brigadier Zubair Ahmed. They were briefed about the ongoing development projects in DHA and DHA City Karac
Published 16 Feb, 2016 12:00am
Standard Chartered, the first Bank to bring remote cheque printing

Standard Chartered, the first Bank to bring remote cheque printing

Standard Chartered Bank, a market leader in electronic payments, takes yet another step towards digitisation by launching Round the Clock Remote Corporate Cheque Printing facility for its clients across Pakistan. The clients can now print cheques any time
Published 16 Feb, 2016 12:00am
Sindh chief minister explains criticality of census

Sindh chief minister explains criticality of census

Sindh Chief Minister Syed Qaim Ali Shah has alerted the federal government on Monday saying that forthcoming census is the issue of life and death for Sindh hence there must be no delay or postponement in genuine and fair census.
Published 16 Feb, 2016 12:00am
'Healthy Pakistan' conference & exhibition

'Healthy Pakistan' conference & exhibition

"The Redolent" is organising a 3-day conference & exhibition in the second week of July 2016 with the name of "Healthy Pakistan" at the Expo Centre Karachi. Most Important part of this first conference of its type would be the presentation of advanced res
Published 16 Feb, 2016 12:00am
UBL FIG hosts lunch for Chinese trade team

UBL FIG hosts lunch for Chinese trade team

United Bank Limited's (UBL) Financial Institution Group recently hosted a lunch session for a Chinese Business Delegation Meeting arranged by Pakistan Business Council (PBC) at the Avari Towers Hotel, Karachi. A total of 47 Chinese companies comprising of
Published 16 Feb, 2016 12:00am
WCCI & NAWEM sign MoU
Exchange

WCCI & NAWEM sign MoU

Women Chambers of Commerce and Industries (WCCI), Karachi-South has signed a memorandum of understanding (MoU) with National Association of Women Entrepreneurs of Malaysia (NAWEM) during Pakistan Expo 'Pexpo' held in Kuala Lumpur.
Published 16 Feb, 2016 12:00am
Supreme Court transfers murder case of former PML(N) candidate to ATC

Supreme Court transfers murder case of former PML(N) candidate to ATC

The Supreme Court on Monday transferred a murder case of Asif Ashraf, former PML-N candidate for provincial assembly to Anti Terrorism Court (ATC) with directives to dispose of the case within shortest possible time. Earlier, a five-member larger bench of
Published 16 Feb, 2016 12:00am
Professor Jansen, Dr Tidten visit Mohenjodaro

Professor Jansen, Dr Tidten visit Mohenjodaro

Professor Michael Jansen from RWTH Aachen University and Dr Dan Tidten, Head of Press and Cultural Section from the German Embassy Islamabad, visited the archaeological sites of Mohenjodaro in Sindh today. They met Special Advisor to the Chief Minister fo
Published 16 Feb, 2016 12:00am
Sister of senior journalist passes away in UK

Sister of senior journalist passes away in UK

Mrs Safia Baig, elder sister of Rashid Ali Khan of APP Karachi, who passed away in Bradford, UK, after illness, was laid to rest at Scholemoor Cemetery on Monday. Earlier, her Namaz-i-Janaza' was offered at a local mosque in Bradford after Zuhr prayers. H
Published 16 Feb, 2016 12:00am
Lucky Cement awarded for CSR initiatives

Lucky Cement awarded for CSR initiatives

Lucky Cement Limited is honoured with the 5th Corporate Social Responsibility Award for its CSR efforts and its stakeholder and employee engagement. The company is running regular CSR awareness and rural development programs in the distant villages of Khy
Published 16 Feb, 2016 12:00am
Protest over PPP worker's killing: PPP, JI and PTI stage walkout from NA

Protest over PPP worker's killing: PPP, JI and PTI stage walkout from NA

Pakistan Peoples Party, Jamaat-e-Islami and Pakistan Tehreek-e-Insaf Monday staged a token walkout from the National Assembly over killing of a PPP worker in Azad and Jammu Kashmir election rally. Speaking on the issue, Leader of Opposition in the Nationa
Published 16 Feb, 2016 12:00am
JI urges Supreme Court to take suo motu notice of MQM's allegations

JI urges Supreme Court to take suo motu notice of MQM's allegations

Deputy Chief of the Jamaat-e-Islami, Rashid Naseem, has urged the Supreme Court to take suo motu notice of the MQM's allegation on the floor of the Sindh Assembly accusing the Sindh government of plundering Rs 900 billion of the public money. Addressing t
Published 16 Feb, 2016 12:00am
'Pakistan experiencing rapid urbanisation, industrial development'

'Pakistan experiencing rapid urbanisation, industrial development'

Pakistan with its 200 million inhabitants is experiencing rapid urbanisation and industrial development. Its population is facing a water challenge. Currently, it is the world's 26th most water-stressed country, where 35 percent of the population lacks ac
Published 16 Feb, 2016 12:00am
Relations with Germany need to be strengthened: Speaker NA

Relations with Germany need to be strengthened: Speaker NA

Speaker National Assembly, Sardar Ayaz Sadiq has said that Pakistan and Germany enjoys cordial and co-operative relations which needs to be further strengthened through substantive and long term parliamentary and economic cooperation. He said this while t
Published 16 Feb, 2016 12:00am
STPF awaits Prime Minister's approval

STPF awaits Prime Minister's approval

The Strategic Trade Policy Framework (STPF) 2015-18 awaits approval of Prime Minister Nawaz Sharif, and it would come into effect immediately after its approval by the PM, according to Commerce Ministry officials. Sources further stated that Chairman of t
Published 16 Feb, 2016 12:00am
DG Khan Cement selects Oracle ERP Cloud

DG Khan Cement selects Oracle ERP Cloud

D.G. Khan Cement Company Limited, (DGKCC), one of the largest cement manufacturers in Pakistan, has selected Oracle Enterprise Resource Planning (ERP) Cloud, as part of an end-to-end cloud deployment. Oracle ERP Cloud will help drive DGKCC's expansion and
Published 16 Feb, 2016 12:00am
Careem signs security deal with Pathfinder Group

Careem signs security deal with Pathfinder Group

Careem - the MENA region's leading app-based car booking service-has signed an agreement with the Pathfinder Group, Pakistan's largest private security group, to conduct detailed background checks on the company's 'Captains' (drivers). "Not only do we wan
Published 16 Feb, 2016 12:00am
PSM probe: Contempt of court case against Malik dropped

PSM probe: Contempt of court case against Malik dropped

Former interior minister Rehman Malik heaved a sigh of relief on Monday when Supreme Court dropped a contempt of court case he was slapped with for transferring the then director general Federal Investigation Agency (FIA), who was investigating a Pakistan
Published 16 Feb, 2016 12:00am
Missing persons' case: SHC issues notices

Missing persons' case: SHC issues notices

Sindh High Court (SHC) issued notices to Director General Pakistan Rangers (Sindh), Inspector General Sindh Police and others in the case pertaining to over 70 missing persons. Notices were issued on Monday when two-member bench headed by Justice Irfan Sa
Published 16 Feb, 2016 12:00am
PBC writes letter to PM, seeks funds

PBC writes letter to PM, seeks funds

Pakistan Bar Council (PBC) chief on Monday wrote a letter to the Prime Minister for providing funds for construction of the council's buildings and setting up libraries in federal and provincial capitals. The PBC vice-chairman Barrister Dr Farogh Naseem c
Published 16 Feb, 2016 12:00am
Benazir murder case: prosecution drops witness

Benazir murder case: prosecution drops witness

The prosecution in the Benazir Bhutto murder case on Monday dropped its fifth witness Senator Rehman Malik against retired General Pervez Musharraf due to his third consecutive absence since February 8. On February 2, an Anti Terrorism Court (ATC) of Rawa
Published 16 Feb, 2016 12:00am
Shale oil, gas production could cost $12/mmbtu, seminar on energy told

Shale oil, gas production could cost $12/mmbtu, seminar on energy told

Oil & gas Exploration and Production (E&P) companies have asked the government that shale oil and gas production in Pakistan will cost $12 per Million British Thermal Unit (mmbtu). This was stated by Syed Akhtar Ali, Member Energy Planning Commission of P
Published 16 Feb, 2016 12:00am
Four burnt to death in Mardan

Four burnt to death in Mardan

Four employees of a private company died while two other were wounded when fire broke out in a house at Sheikh Maltoon Town, a posh area of district Mardan on Monday morning, police and local sources said. Sources said that employees of a private company
Published 16 Feb, 2016 12:00am
Aviation policy yields Rs three billion in seven months: CAA official

Aviation policy yields Rs three billion in seven months: CAA official

Rupees 3 billion have been generated out of national aviation policy in seven months in the current fiscal year, ie, 2015-16. Joint Director Civil Aviation Authority Syed Aftab Gilani told Business Recorder that national aviation policy was formula
Published 16 Feb, 2016 12:00am
Increase in drug prices: government decides to challenge SHC decision

Increase in drug prices: government decides to challenge SHC decision

Terming the increase in drug prices irrational, the federal government has decided to challenge the Sindh High Court's decision allowing pharmaceutical industry to jack up medicine prices. Six multinational pharmaceutical companies including Glaxo SmithKl
Published 16 Feb, 2016 12:00am
WeBOC system installed at Pak-Afghan border

WeBOC system installed at Pak-Afghan border

Pakistan Customs has installed WeBOC system at Kharlachi Customs Station at Pak-Afghan border in Kurrram Agency to bring transparency in the system and provide traders with all the facilities at the border. Similarly, land has been acquired for establishi
Published 16 Feb, 2016 12:00am
Bullet-proof car: notices issued

Bullet-proof car: notices issued

Islamabad High Court (IHC) on Monday issued notices to the Interior Ministry while seeking its reply till February 17 in a government appeal against the provision of a bullet-proof car to the former Chief Justice of Pakistan (CJP) Iftikhar Mohammad Chaudh
Published 16 Feb, 2016 12:00am
KP PA body discusses review report on textbooks

KP PA body discusses review report on textbooks

The meeting of Khyber Pakhtunkhwa Assembly Standing Committee on Elementary and Secondary Education chaired by its chairman Arif Ahmadzai on Monday discussed review report on 'Textbooks of Hate or Peace' and its findings on textbooks being taught in KP an
Published 16 Feb, 2016 12:00am
RTI law still not extended to PATA: KP minister

RTI law still not extended to PATA: KP minister

The Khyber Pakhtunkhwa assembly should support amendments proposed by the KP information commission, stated Inayatullah Khan, senior local government minister of Khyber Pakhtunkhwa. The amendments are related to inclusion of Peshawar High Court in the amb
Published 16 Feb, 2016 12:00am
EFU life announces 100 percent cash dividend for 2015

EFU life announces 100 percent cash dividend for 2015

EFU Life Assurance Ltd, the leading private sector life insurance company in Pakistan announced its financial results for the year ended 31 December 2015as approved in the meeting of the Board of Directors held on 13February 2016. The Company posted a pro
Published 16 Feb, 2016 12:00am
EFU life announces 100 percent cash dividend for 2015

EFU life announces 100 percent cash dividend for 2015

EFU Life Assurance Ltd, the leading private sector life insurance company in Pakistan announced its financial results for the year ended 31 December 2015as approved in the meeting of the Board of Directors held on 13February 2016. The Company posted a pro
Published 16 Feb, 2016 12:00am
SECP implements quality control mechanism for cost auditors
Exchange

SECP implements quality control mechanism for cost auditors

Securities and Exchange Commission of Pakistan in its recent meeting has withdrawn the 1990 Vegetable Ghee and Cooking Oil Companies (Cost Accounting Records) Order, and issued a circular requiring appointment of QCR-rated auditors for performance of cost
Published 16 Feb, 2016 12:00am
Establishment of JID: NC NACTA holds talks with ISI officials

Establishment of JID: NC NACTA holds talks with ISI officials

The National Co-ordinator (NC) National Counter Terrorism Authority (NACTA) has started consultation with intelligence agencies regarding establishment of Joint Intelligence Directorate (JID) in the authority. Sources said that Lieutenant Cdr Ihsan Ghani
Published 16 Feb, 2016 12:00am
NAB devises officers' training plan for 2016: Qamar

NAB devises officers' training plan for 2016: Qamar

Chairman, National Accountability Bureau (NAB), Qamar Zaman Chaudhry on Monday said a comprehensive yearly Training Plan for 2016 has been devised to ensure continued professional development of its officers. He said this while chairing a meeting held her
Published 16 Feb, 2016 12:00am
Haripur University introduces Forestry & Wildlife Management course

Haripur University introduces Forestry & Wildlife Management course

Haripur University of Khyber Pakhtunkhwa has introduced four years integrated course covering both Forestry and Wildlife Management, giving students a chance to study both discipline in same tenure. "The Haripur University course is unique and for the fir
Published 16 Feb, 2016 12:00am
Despite threats, thousands join anti-polio drive

Despite threats, thousands join anti-polio drive

More than 100,000 health workers fanned out across country on Monday, stepping up a drive to eliminate the polio virus this year from one of its last bastions, despite continuing militant threats to vaccination teams. Pakistan accounts for more than 70 pe
Published 16 Feb, 2016 12:00am
Kharif crops: PPCBL allocates Rs 2.5 billion advances
Cotton

Kharif crops: PPCBL allocates Rs 2.5 billion advances

The Punjab Provincial Co-operative Bank Ltd has allocated Rs 2.5 billion for advancing agriculture loans for sowing, growing and maturing Kharif crops including cotton, rice, sugarcane, fodder, summer vegetables and fruit orchards. This was stated by Pres
Published 16 Feb, 2016 12:00am
Shahbaz inaugurates model drug testing laboratory

Shahbaz inaugurates model drug testing laboratory

Punjab Chief Minister, Muhammad Shahbaz Sharif, while inaugurating the first international standard Model Drug Testing laboratory of the country, here on Monday, announced establishment of Punjab Forensic Food & Drug Testing Agency.
Published 16 Feb, 2016 12:00am
Tax amnesty scheme: government urged to remove flaws

Tax amnesty scheme: government urged to remove flaws

Presidential Candidate for the forthcoming elections of Lahore Tax Bar Association (LTBA), Aamir Qadeer has urged the government to make tax amnesty scheme flawless. In presence of complexities, tax amnesty scheme would not give desired results. He was ta
Published 16 Feb, 2016 12:00am
APTMA seeks directions for DISCOs to correct January bills

APTMA seeks directions for DISCOs to correct January bills

The All Pakistan Textile Mills Association Punjab Chairman Aamir Fayyaz has sought immediate directions for the electricity distribution companies to correct the month of January bills in accordance with the Prime Minister's announcement of Rs 3 reduction
Published 16 Feb, 2016 12:00am
Secret ballot: Sindh government moves Supreme Court

Secret ballot: Sindh government moves Supreme Court

The Sindh government on Monday approached the Supreme Court of Pakistan against the verdict of Sindh High Court in which Election Commission of Pakistan (ECP) was directed to conduct the elections for the representatives of local governments in the provin
Published 16 Feb, 2016 12:00am
Substandard fuel shipment rejected

Substandard fuel shipment rejected

Pakistan State Oil (PSO) has rejected thousands of barrels of substandard fuel brought by Midstar and has decided to impose a penalty on the vessel, well-informed sources told Business Recorder. Federal Investigation Agency (FIA) is also investigat
Published 16 Feb, 2016 12:00am
Business community supports privatisation policy
Exchange

Business community supports privatisation policy

The business community of Southern Punjab unconditionally supports the privatisation policy of the Government describing it a right step in right direction. They said that it was a right decision of the government to sell Pakistan International Airline (P
Published 16 Feb, 2016 12:00am
Pakistan being looked as attractive destination: Spanish envoy
Cotton

Pakistan being looked as attractive destination: Spanish envoy

The Spanish Ambassador Carlos Morales has said that Pakistan is very much on the world radar and a large number of leading business groups are looking it as an attractive business destination. Speaking at the Lahore Chamber of Commerce and Industry here M
Published 16 Feb, 2016 12:00am
Zahid elected Chairman of ISE Towers REIT Management Company
Exchange

Zahid elected Chairman of ISE Towers REIT Management Company

Zahid Latif Khan here on Monday unanimously elected as first Chairman of ISE Towers REIT Management Company Limited. According to an announcement of the ISE Towers REIT Management Company Limited, the 31st Extraordinary General Meeting of ISE Towers REIT
Published 16 Feb, 2016 12:00am
Steel melters demand withdrawal of surcharges on power bill

Steel melters demand withdrawal of surcharges on power bill

The steel melters have urged the government to withdraw Rs 3.63 per kilowatt hour surcharges on the electricity bill as it has wiped out the relief of Rs 3/ per unit of electricity provided by the Ministry of Water and Power for the industrial sector in l
Published 16 Feb, 2016 12:00am
Purchase of hotel: IHC issues notices to NAB, others

Purchase of hotel: IHC issues notices to NAB, others

The Islamabad High Court (IHC) on Monday issued notices to the National Accountability Bureau (NAB), Federal Investigation Agency (FIA), Federal Board of Revenue (FBR), and State Bank of Pakistan (SBP) and members of a business family in connection with p
Published 16 Feb, 2016 12:00am
Supreme Court dismisses plea for continuation of trial of individual

Supreme Court dismisses plea for continuation of trial of individual

The Supreme Court on Monday dismissed a plea, seeking continuity of individual trial of former President Pervez Musharraf under high treason act. The three-member bench of the apex court, headed by Justice Gulzar Ahmed including Justice Umar Ata Bandial a
Published 16 Feb, 2016 12:00am
LNG deal to bridge demand-supply gap: PIAF

LNG deal to bridge demand-supply gap: PIAF

Pakistan Industrial and Traders Associations Front (PIAF) Chairman Irfan Iqbal Sheikh, appreciating the landmark deal of Liquefied Natural Gas with Qatar, has said that it would help the government overcome energy shortfall in the country by at least 20 p
Published 16 Feb, 2016 12:00am
DGCI and MCCs launch major crackdown against smugglers

DGCI and MCCs launch major crackdown against smugglers

The Directorate General of Customs Intelligence Federal Board of Revenue (FBR) and Model Customs Collectorates (MCCs) for the first time jointly launched major crackdown against smugglers and non-duty paid smuggled vehicles across the country.
Published 16 Feb, 2016 12:00am
Oil stages late gains as Saudi Arabia, Russia, Venezuela to meet

Oil stages late gains as Saudi Arabia, Russia, Venezuela to meet

Oil prices rose nearly 2 percent on Monday on news that ministers from Saudi Arabia, Russia, Qatar and Venezuela would hold a previously unpublicised meeting in Doha this week, adding to speculation of a global output deal. Benchmark Brent crude gained mo
Published 16 Feb, 2016 12:00am
What's material evidence?

What's material evidence?

This is apropos a Business Recorder news item "Investigation into cases of tax evasion: Retention of seized laptops, documents justified: FTO" carried by it on Sunday. According to it, "the Federal Tax Ombudsman (FTO), Abdur Rauf Chaudhry has ruled
Published 16 Feb, 2016 12:00am
In Syrian war, a bigger role for Russian strategists

In Syrian war, a bigger role for Russian strategists

While Russian fighter planes pound rebel positions on the battlefield in Syria, Russian military strategists are playing a far more subtle role in support of President Bashar al-Assad. Several sources - on both sides of the battle lines - have told Reuter
Published 16 Feb, 2016 12:00am
Our housing crisis - II

Our housing crisis - II

The housing policy of Malaysia aims at provisioning of adequate, affordable and quality housing for all Malaysians. Without getting involved physically, over the years, the government has encouraged the private sector to produce low-income housing schemes
Published 16 Feb, 2016 12:00am
Deceptions vs realities

Deceptions vs realities

The visit of the World Bank Group (WBG) President Jim Yong Kim last week was significant in one way; while for security reasons IMF officials meet Pakistani officials in Dubai, the WBG President diluted that perception. That said he too was economical wit
Published 16 Feb, 2016 12:00am
Counter-terrorism policy: successes and failures

Counter-terrorism policy: successes and failures

Addressing a press conference, ISPR Director General, Lieutenant General Asim Saleem Bajwa informed journalists about major successes security agencies' intelligence-based operations have achieved in Karachi during the last few months. He described in det
Published 16 Feb, 2016 12:00am
Countering China

Countering China

With the rise of Chinese economy to claim an important place on the global economic scene, the anxieties of developed nations continue to grow. In an unusual development on 4th February, 2016, the biggest-trade deal in the history was signed, yoking 12 Pa
Published 16 Feb, 2016 12:00am
'Thunder of the North': troops taking part in exercise: FO
Exchange

'Thunder of the North': troops taking part in exercise: FO

Pakistan on Monday confirmed that the country's troops are participating in a major military exercise on "counter-terrorism" being held in Saudi Arabia. In response to a media question regarding joint military exercise in Saudi Arabia, Foreign Office spok
Published 16 Feb, 2016 12:00am
'Thunder of the North': troops taking part in exercise: FO
Exchange

'Thunder of the North': troops taking part in exercise: FO

Pakistan on Monday confirmed that the country's troops are participating in a major military exercise on "counter-terrorism" being held in Saudi Arabia. In response to a media question regarding joint military exercise in Saudi Arabia, Foreign Office spok
Published 16 Feb, 2016 12:00am
Sell-off of SOEs no viable option: Khursheed
Exchange

Sell-off of SOEs no viable option: Khursheed

The petroleum products'' import bill has sharply plummeted from $12 billion to $5.2 billion due to a massive decrease in gasoline prices in the international market but the government is still looting the people by levying over 64.5 percent sales tax on d
Published 16 Feb, 2016 12:00am
Sell-off of SOEs no viable option: Khursheed
Exchange

Sell-off of SOEs no viable option: Khursheed

The petroleum products' import bill has sharply plummeted from $12 billion to $5.2 billion due to a massive decrease in gasoline prices in the international market but the government is still looting the people by levying over 64.5 percent sales tax on di
Published 16 Feb, 2016 12:00am
Sell-off of SOEs no viable option: Khursheed
Exchange

Sell-off of SOEs no viable option: Khursheed

The petroleum products' import bill has sharply plummeted from $12 billion to $5.2 billion due to a massive decrease in gasoline prices in the international market but the government is still looting the people by levying over 64.5 percent sales tax on di
Published 16 Feb, 2016 12:00am
Statistics: Dar replies to key questions
Exchange

Statistics: Dar replies to key questions

Finance Minister Ishaq Dar has said that as on February 11, 2016, foreign exchange reserves of the country stand at $20.318 billion; of which foreign exchange reserves held by State Bank of Pakistan (SBP) are $15.460 billion and foreign exchange reserves
Published 16 Feb, 2016 12:00am
Statistics: Dar replies to key questions
Exchange

Statistics: Dar replies to key questions

Finance Minister Ishaq Dar has said that as on February 11, 2016, foreign exchange reserves of the country stand at $20.318 billion; of which foreign exchange reserves held by State Bank of Pakistan (SBP) are $15.460 billion and foreign exchange reserves
Published 16 Feb, 2016 12:00am
Statistics: Dar replies to key questions
Exchange

Statistics: Dar replies to key questions

Finance Minister Ishaq Dar has said that as on February 11, 2016, foreign exchange reserves of the country stand at $20.318 billion; of which foreign exchange reserves held by State Bank of Pakistan (SBP) are $15.460 billion and foreign exchange reserves
Published 16 Feb, 2016 12:00am
BKU reopens after 26-day hiatus

BKU reopens after 26-day hiatus

The Bacha Khan University in Charsadda reopened on Monday after a 26-day hiatus owing to security concerns following a terror attack on campus that left 21 students and a staff member dead and many injured. Enhanced security measures had been put in place
Published 16 Feb, 2016 12:00am
The Weather

The Weather

The weather report on Thursday (February 11, 2016) and the forecast for Friday (February 12, 2016).

Published 16 Feb, 2016 12:00am
BKU reopens after 26-day hiatus

BKU reopens after 26-day hiatus

The Bacha Khan University in Charsadda reopened on Monday after a 26-day hiatus owing to security concerns following a terror attack on campus that left 21 students and a staff member dead and many injured. Enhanced security measures had been put in place
Published 16 Feb, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (February 11, 2016).

Published 16 Feb, 2016 12:00am
Missile strikes on north Syria schools, hospitals kill 50: UN

Missile strikes on north Syria schools, hospitals kill 50: UN

Air strikes have hit at least five medical facilities and two schools in northern Syria, killing 50 people, the United Nations said Monday, calling the attacks "blatant violations of international law." The United States also condemned the attacks on civi
Published 16 Feb, 2016 12:00am
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