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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-02-20
Government accused of making CPEC controversial

Government accused of making CPEC controversial

The Federal government has been accused of making China Pakistan Economic Corridor (CPEC) controversial for failing to address the concerns of smaller provinces on western route and energy projects.
Published 20 Feb, 2016 12:00am
Sindh proposes port at Keti Bandar for coal export

Sindh proposes port at Keti Bandar for coal export

Sindh''s Minister for Finance, Murad Ali Shah urged the federal government on Friday to convene meeting of the Council of Common Interests (CCI) as early as possible so that outstanding issues and concerns of provinces could be discussed and decided at an
Published 20 Feb, 2016 12:00am
Sindh proposes port at Keti Bandar for coal export

Sindh proposes port at Keti Bandar for coal export

Sindh's Minister for Finance, Murad Ali Shah urged the federal government on Friday to convene meeting of the Council of Common Interests (CCI) as early as possible so that outstanding issues and concerns of provinces could be discussed and decided at an
Published 20 Feb, 2016 12:00am
Sindh proposes port at Keti Bandar for coal export

Sindh proposes port at Keti Bandar for coal export

Sindh's Minister for Finance, Murad Ali Shah urged the federal government on Friday to convene meeting of the Council of Common Interests (CCI) as early as possible so that outstanding issues and concerns of provinces could be discussed and decided at an
Published 20 Feb, 2016 12:00am
Government accused of making CPEC controversial

Government accused of making CPEC controversial

The Federal government has been accused of making China Pakistan Economic Corridor (CPEC) controversial for failing to address the concerns of smaller provinces on western route and energy projects.
Published 20 Feb, 2016 12:00am
BRIndex30 falls 315.67 points

BRIndex30 falls 315.67 points

On Friday, BRIndex30 opened at 19,037.56 points. It touched an intraday high of 19,038.15 points and an intraday low of 18,667.69 points and closed at 18,721.89 which was -315.67 points or -1.66 percent lower than previous close. Total volume was 53,301,0
Published 20 Feb, 2016 12:00am
Government accused of making CPEC controversial

Government accused of making CPEC controversial

The Federal government has been accused of making China Pakistan Economic Corridor (CPEC) controversial for failing to address the concerns of smaller provinces on western route and energy projects.
Published 20 Feb, 2016 12:00am
Security, execution of CPEC: forces ready to pay ''any'' price: COAS

Security, execution of CPEC: forces ready to pay ''any'' price: COAS

Chief of Army Staff (COAS) General Raheel Sharif on Friday visited Headquarters of the newly-raised Special Security Division (SSD) for security of the China-Pakistan Economic Corridor (CPEC). According to a press release of ISPR, the COAS was given a det
Published 20 Feb, 2016 12:00am
Security, execution of CPEC: forces ready to pay 'any' price: COAS

Security, execution of CPEC: forces ready to pay 'any' price: COAS

Chief of Army Staff (COAS) General Raheel Sharif on Friday visited Headquarters of the newly-raised Special Security Division (SSD) for security of the China-Pakistan Economic Corridor (CPEC). According to a press release of ISPR, the COAS was given a det
Published 20 Feb, 2016 12:00am
Security, execution of CPEC: forces ready to pay 'any' price: COAS

Security, execution of CPEC: forces ready to pay 'any' price: COAS

Chief of Army Staff (COAS) General Raheel Sharif on Friday visited Headquarters of the newly-raised Special Security Division (SSD) for security of the China-Pakistan Economic Corridor (CPEC). According to a press release of ISPR, the COAS was given a det
Published 20 Feb, 2016 12:00am
Lahore literary festival begins today

Lahore literary festival begins today

The fourth edition of the Lahore Literary Festival (LLF) begins at the Avari hotel on the Mall Road today. "This year's two-day, free and open-to-public event will feature some of the most insightful voices from home and abroad in rewarding, thought-provo
Published 20 Feb, 2016 12:00am
Diamond Paints, Learning Alliance in Aibak Polo Cup final

Diamond Paints, Learning Alliance in Aibak Polo Cup final

Diamond Paints and Learning Alliance have qualified for the Royal Residencia Aibak Polo Cup main final after registering victories in the respective matches played here at the Lahore Polo Club (LPC) ground on Friday.
Published 20 Feb, 2016 12:00am
Pakistan judo team returns from India with 12 medals

Pakistan judo team returns from India with 12 medals

Pakistan Judo Team Friday returned from India after winning altogether a dozen of medals in the 12th South Asian Games. The team comprising six male and similar number of female judokas won 2 gold, 2 silver and as many as 8 bronze medals and put up good s
Published 20 Feb, 2016 12:00am
Pakistan to participate in the Junior Davis Cup

Pakistan to participate in the Junior Davis Cup

Pakistan will participate in the Junior Davis Cup Asia Oceania pre-qualifying round Competition, scheduled to be held at Colombo, Sri Lanka from March 10.
Published 20 Feb, 2016 12:00am
Nadal through to last eight in Rio

Nadal through to last eight in Rio

Rafael Nadal won through to the quarter-finals of the clay-court event in Rio de Janeiro on Thursday, beating compatriot Nicolas Almagro in straight sets 6-3, 7-5. The troubled Mallorcan is the top seed in what is his second tournament since being humbled
Published 20 Feb, 2016 12:00am
More United woe in Europa League, red-hot Valencia

More United woe in Europa League, red-hot Valencia

Manchester United's hopes of salvaging their season in the Europa League suffered a stinging setback when they lost 2-1 at Danish side Midtjylland in the first leg of their last-32 clash on Thursday. With the triple European Cup winners already immersed i
Published 20 Feb, 2016 12:00am
Errani powers into Dubai final

Errani powers into Dubai final

Sara Errani reached her second final at the Dubai Tennis Championships on Friday as she defeated Ukrainian Elina Svitolina 6-4, 6-4. The Dubai event, now holding an unenviable WTA record after all eight seeds lost in the first two rounds, is struggling th
Published 20 Feb, 2016 12:00am
Job comes first as McCullum prepares to bow out

Job comes first as McCullum prepares to bow out

It was job first and retirement talk second for Brendon McCullum Friday on the eve of the final Test against Australia, with his focus firmly on a series-saving win and not his international swansong. The clash in Christchurch will mark the charismatic Ne
Published 20 Feb, 2016 12:00am
Ferrari launch car hoping to push Mercedes for world title

Ferrari launch car hoping to push Mercedes for world title

Ferrari became the latest Formula One team to unveil their new car, the SF-16H, for the 2016 season as they look to push Mercedes for the constructors' championship. The Italian team launched the car via a live stream on their website on Friday, with team
Published 20 Feb, 2016 12:00am
Cahill lashes FFA for lack of A-League vision

Cahill lashes FFA for lack of A-League vision

Socceroo star Tim Cahill has blasted Football Federation Australia for its lack of vision towards the A-League competition, as he searches for a new club, a report said Friday. Cahill was sensationally dumped by Shanghai Shenhua this week just three month
Published 20 Feb, 2016 12:00am
FTSE slips on oil, records best week of 2016

FTSE slips on oil, records best week of 2016

Britain's top share index fell on Friday as energy stocks came under pressure again from dropping oil prices, although the index recorded its best weekly performance since October following strong gains in the previous sessions. The benchmark FTSE 100 ind
Published 20 Feb, 2016 12:00am
Eurozone yields edge down

Eurozone yields edge down

Eurozone bond yields dipped on Friday after poor German data and comments from a top ECB policymaker on further accommodation firmed bets the central bank will step up efforts to boost low inflation and growth next month. German producer prices fell 2.4 p
Published 20 Feb, 2016 12:00am
Eurozone yields edge down

Eurozone yields edge down

Eurozone bond yields dipped on Friday after poor German data and comments from a top ECB policymaker on further accommodation firmed bets the central bank will step up efforts to boost low inflation and growth next month. German producer prices fell 2.4 p
Published 20 Feb, 2016 12:00am
Hong Kong stocks down

Hong Kong stocks down

Hong Kong stocks tracked global markets lower on Friday as energy shares pulled back after an oil price rally paused, but for the week main indexes enjoyed their best performance in 10 months with gains of more than 5 percent. The Hang Seng index fell 0.4
Published 20 Feb, 2016 12:00am
European shares end strong week on sour note

European shares end strong week on sour note

European shares turned lower on Friday, hit by a drop in bank, oil and auto shares, as investors locked in gains following a strong week that has helped to stabilise markets after a tumultuous start to the year. The pan-European FTSEurofirst 300 was down
Published 20 Feb, 2016 12:00am
China stocks falter at end of robust week

China stocks falter at end of robust week

China stocks slipped on Friday in line with a broader correction across global equity markets, but posted solid gains on the week. Both the blue-chip CSI300 index and the Shanghai Composite Index ended down 0.1 percent at 3,051.59 points and 2,860.02 poin
Published 20 Feb, 2016 12:00am
Indian stocks up; post best weekly gain since Oct
Currency

Indian stocks up; post best weekly gain since Oct

Indian shares edged higher on Friday to post their biggest weekly gains in more than four months as public sector banks such as State Bank of India advanced, while a modest recovery in European stocks supported investor sentiment. The NSE index rose 0.26
Published 20 Feb, 2016 12:00am
Australian shares slip, NZ shares gain

Australian shares slip, NZ shares gain

Australian shares fell 0.5 percent on Friday, coming off a two-week high touched in the previous session. The S&P/ASX 200 index fell 26 points to 4,966.1 by 0123 GMT. The benchmark rose 1.2 percent on Thursday when prices hit a two-week high of 4,992. Fin
Published 20 Feb, 2016 12:00am
US bond prices jump

US bond prices jump

US Treasury prices jumped on Thursday, with benchmark yields retreating from 1-1/2 week highs, as a three-day rally in Wall Street stocks levelled off, reviving some demand for low-yielding government bonds. While data showed a surprise drop in domestic j
Published 20 Feb, 2016 12:00am
US bond prices jump

US bond prices jump

US Treasury prices jumped on Thursday, with benchmark yields retreating from 1-1/2 week highs, as a three-day rally in Wall Street stocks levelled off, reviving some demand for low-yielding government bonds. While data showed a surprise drop in domestic j
Published 20 Feb, 2016 12:00am
Sri Lanka shares end nine-day fall

Sri Lanka shares end nine-day fall

Sri Lankan shares closed higher on Friday, ending a nine-session losing streak, with turnover rising to an over-three-week high on block deals in Textured Jersey Lanka. However, analysts said rising domestic interest rates and global economic worries stil
Published 20 Feb, 2016 12:00am
Friday's early afternoon trade: S&P 500, Dow slip on oil

Friday's early afternoon trade: S&P 500, Dow slip on oil

The Dow and S&P 500 slipped on Friday as a renewed slide in oil prices weighed on energy and materials stocks and prospects of a rate hike this year were rekindled by data pointing to firmer inflation trends. The Nasdaq eked out a gain, led by heavyweight
Published 20 Feb, 2016 12:00am
SE Asian stocks: Indonesia falls; Thai index up

SE Asian stocks: Indonesia falls; Thai index up

Southeast Asian stock markets were mixed on Friday with the Indonesian benchmark hitting a more than two-week closing low on weakness in banking shares, while the Thai key stock index touched an 11-week high ahead of a three-day weekend. The Jakarta compo
Published 20 Feb, 2016 12:00am
Tokyo stocks plummet on stronger yen, weak oil prices
Exchange

Tokyo stocks plummet on stronger yen, weak oil prices

Tokyo stocks closed down sharply on Friday, as a stronger yen dented exporters and another fall in oil prices hammered commodity and energy shares. US crude dropped after news that American stockpiles rose to the highest in more than eight decades, reigni
Published 20 Feb, 2016 12:00am
Firming US inflation keeps Fed rate hike on the table

Firming US inflation keeps Fed rate hike on the table

Rising rents and healthcare costs lifted underlying US inflation in January by the most in nearly 4-1/2 years, signs of a pick-up in price pressures that could allow the Federal Reserve to gradually raise interest rates this year.
Published 20 Feb, 2016 12:00am
Sri Lanka raise interest rates after seeking IMF bailout

Sri Lanka raise interest rates after seeking IMF bailout

Sri Lanka's central bank Friday raised benchmark interest rates for the first time in nearly four years by 50 basis points ahead of a possible IMF bailout. The Central Bank of Sri Lanka raised its lending rate from 7.5 to 8.0 percent, saying that relative
Published 20 Feb, 2016 12:00am
Malaysia's growth cools in fourth quarter
Currency

Malaysia's growth cools in fourth quarter

Malaysia's economy lost more momentum in the fourth quarter but grew faster than market expectations, with domestic demand helping to offset slumping oil and commodity prices. The economy expanded 4.5 percent in the fourth quarter compared with a median f
Published 20 Feb, 2016 12:00am
South Korean prosecutors raid Volkswagen office
Exchange

South Korean prosecutors raid Volkswagen office

South Korean prosecutors on Friday searched the local office of Volkswagen AG and sister firm Audi AG as part of a probe into an emissions case, a spokesman for the German carmakers' local unit said, confirming media reports. Volkswagen and Audi face a fl
Published 20 Feb, 2016 12:00am
China's top securities regulator stepping down?

China's top securities regulator stepping down?

The chairman of the China Securities Regulatory Commission (CSRC), Xiao Gang, is stepping down, the Wall Street Journal reported, citing Chinese officials with direct knowledge of the matter. Xiao will be replaced by Liu Shiyu, current chairman of the Agr
Published 20 Feb, 2016 12:00am
China's top securities regulator stepping down?

China's top securities regulator stepping down?

The chairman of the China Securities Regulatory Commission (CSRC), Xiao Gang, is stepping down, the Wall Street Journal reported, citing Chinese officials with direct knowledge of the matter. Xiao will be replaced by Liu Shiyu, current chairman of the Agr
Published 20 Feb, 2016 12:00am
'Muted' aircraft orders as Singapore Airshow wraps up

'Muted' aircraft orders as Singapore Airshow wraps up

The value of deals at Asia's biggest airshow fell sharply as mammoth plane orders of the past thinned due to airline overcapacity and a global economic slowdown, organisers and analysts said Friday.
Published 20 Feb, 2016 12:00am
China to lower transaction taxes on home buying

China to lower transaction taxes on home buying

China will lower transaction taxes for second-time home buyers and some first home buyers in many cities, in the latest effort to lift the country's housing market and slowing economy. There has been a series of measures to encourage property purchases. T
Published 20 Feb, 2016 12:00am
China auto sales jump nearly eight percent in January

China auto sales jump nearly eight percent in January

China's auto sales rose nearly eight percent year-on-year in January ahead of national holidays, an industry group said Friday, picking up pace in a traditionally strong period for car purchases. China is the world's largest car market, but its vehicle sa
Published 20 Feb, 2016 12:00am
Citigroup to exit retail banking in Brazil, Argentina

Citigroup to exit retail banking in Brazil, Argentina

Citigroup Inc said it plans to exit its retail banking and credit card operations in Brazil, Argentina and Colombia as part of its efforts to cut costs and boost profitability. Shares of the bank, which has operated in Argentina and Brazil for more than a
Published 20 Feb, 2016 12:00am
Improving European markets boost Coca-Cola HBC
Exchange

Improving European markets boost Coca-Cola HBC

Soft drinks bottler Coca-Cola HBC's sales volumes in its established Western European markets rose last year for the first time in five years, it said on Friday, citing gains in Italy and Greece. The European company, which bottles and sells Coca-Cola dri
Published 20 Feb, 2016 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Wednesday as a rally in crude oil prices strengthened the Canadian dollar, which tends to make canola less attractive on the world market, traders said. March canola settled down $3.80 at $464.70 per tonne on volume of
Published 20 Feb, 2016 12:00am
Cotton market: prices drop slightly on modest trade
Cotton

Cotton market: prices drop slightly on modest trade

Prices fell on the cotton market on Friday despite decline in seed cotton arrivals, dealers said. The official spot rate was down by Rs 50 to Rs 5,300, dealers said. In Sindh, prices of seed cotton at Rs 1600 and Rs 2800, in the Punjab, rates were at Rs 2
Published 20 Feb, 2016 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 133,773 tonnes of cargo comprising 107,580 tonnes of import cargo and 26,193 tonnes of export cargo including 7,738 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 107
Published 20 Feb, 2016 12:00am
US natural gas futures jumped two percent
Exchange

US natural gas futures jumped two percent

US natural gas futures jumped 2 percent on Wednesday as expectations of a spike in the fuel's consumption last week for heating set the market on its first rally in six days. One of the coldest phases of this year's winter is expected to have more than do
Published 20 Feb, 2016 12:00am
Asian naphtha crack falls to five-session low

Asian naphtha crack falls to five-session low

Asia's naphtha crack fell to a five-session low of $63.48 a tonne on Wednesday as weak gasoline demand in the West overshadowed healthy buying interest for the fuel in the East, traders said. Depending on the grades, naphtha can be used as a gasoline blen
Published 20 Feb, 2016 12:00am
CBOT wheat futures higher on technical buying

CBOT wheat futures higher on technical buying

Wheat futures on the Chicago Board of Trade rose Wednesday to a one-week high on technical buying and short-covering, while supportive fundamental news was lacking, traders said. K.C. hard red winter wheat and MGEX spring wheat futures also closed higher,
Published 20 Feb, 2016 12:00am
Jordan buys 100,000 tonnes of feed barley

Jordan buys 100,000 tonnes of feed barley

Jordan's state grain buyer has purchased 100,000 tonnes of animal feed barley to be sourced from optional origins in an international tender for the same volume, which closed on Wednesday, European traders said. It was purchased at $189.50 a tonne c&f in
Published 20 Feb, 2016 12:00am
Iron ore at three-month highs as firmer Chinese steel prices
Exchange

Iron ore at three-month highs as firmer Chinese steel prices

Spot iron ore stretched gains to hit fresh three-month highs as firmer Chinese steel prices encouraged producers to stock up on the raw material that has outperformed other industrial commodities so far this year. The spot iron ore benchmark has gained mo
Published 20 Feb, 2016 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

Tea prices in Bangladesh dipped nearly 9 percent at a weekly auction on Tuesday, falling for a third straight session, dragged by end-of-season leaf that tends to be of inferior quality. Bangladeshi tea fetched an average 160.22 taka ($2.1) per kg at the
Published 20 Feb, 2016 12:00am
No change on grain market

No change on grain market

According to the Daily Market Report, not a single change was seen on the local commodity market and oil seeds market on Friday.
Published 20 Feb, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,104 million. The number of lots traded was 14.92 million. PMEX Commodity Index closed at 2,633. Major business was contributed by gold amounting to PKR 4,115 million followed by c
Published 20 Feb, 2016 12:00am
US MIDDAY: gold eases
Exchange

US MIDDAY: gold eases

Gold eased on Friday as investors cashed in some of the previous day's 2 percent gains, though expectations that rock-bottom interest rates would persist served to keep prices above $1,225 an ounce. Spot gold was down 0.04 percent at $1,231.43 an ounce at
Published 20 Feb, 2016 12:00am
US MIDDAY: grain, soyabeans flat

US MIDDAY: grain, soyabeans flat

US grain and soyabeans were roughly flat on Friday, stabilizing amid a lack of fresh fundamental news following steep gains earlier this week tied mostly to investor short-covering, traders and analysts said. Corn and soyabean futures each were slightly l
Published 20 Feb, 2016 12:00am
Gold retreats in Europe
Exchange

Gold retreats in Europe

Gold eased on Friday as investors cashed in some of the previous day's 2 percent gains, though expectations that rock-bottom interest rates will persist served to keep prices above $1,225 an ounce. Spot gold was $1,229.60 an ounce at 1440 GMT, down 0.2 pe
Published 20 Feb, 2016 12:00am
Gold dips in Asia

Gold dips in Asia

Gold gave up some of its sharp overnight gains on Friday, but held above $1,200 an ounce as a drop in equities stoked fresh safe-haven demand for the metal. Bullion's 16 percent rally so far this year has made it the best performing asset amidst turmoil i
Published 20 Feb, 2016 12:00am
Gold soars in New York

Gold soars in New York

Gold prices rose just over 2 percent on Thursday afternoon, reversing earlier losses and lifting silver, as US equities resumed their downward spiral, renewing bullion's safe-haven appeal that has spurred the market's biggest rally in years. "The equities
Published 20 Feb, 2016 12:00am
Sugar extends losses
Currency

Sugar extends losses

Sugar futures extended losses to 4-1/2-month lows on Friday, weighed down by a weak currency in top grower Brazil and plentiful supplies, while London cocoa turned lower after rising to a one-month high as the British pound bounced. Coffee prices were mix
Published 20 Feb, 2016 12:00am
Palm oil falls
Vegetable Oil

Palm oil falls

Malaysian palm oil futures retreated on Friday evening to give up gains made earlier in the day as traders expected to see weaker February export demand data in a report on Saturday. The palm oil contract for May delivery on the Bursa Malaysia Derivatives
Published 20 Feb, 2016 12:00am
Wheat down one percent on ample supplies

Wheat down one percent on ample supplies

Chicago Board of Trade wheat futures fell more than 1 percent on Thursday, easing from a two-session rally as traders returned their focus to record-large global inventories and poor export demand for US supplies, traders said. Corn and soyabean futures a
Published 20 Feb, 2016 12:00am
Rubber rises
Exchange

Rubber rises

Benchmark Tokyo rubber futures inched higher in thin trade on Friday, booking its first weekly gain in four and a recovery from the last week's 7-year low, as position adjustment buys outweighed fears over a slumping Nikkei and a stronger yen. The Tokyo C
Published 20 Feb, 2016 12:00am
Oil down four percent as US glut overshadows producer talks

Oil down four percent as US glut overshadows producer talks

Oil prices were down 4 percent on Friday, with Brent on track to a third straight week of losses as record high US crude stockpiles intensified worries that a plan to freeze world output will do little or nothing to reduce massive supplies already in the
Published 20 Feb, 2016 12:00am
Copper and zinc surge to near two-week peaks
Exchange

Copper and zinc surge to near two-week peaks

Copper, zinc and nickel prices hit their highest levels in about two weeks on Friday on brighter prospects for Chinese demand and concern about the potential for looming shortages. Copper was set to post a fourth weekly gain in five, as traders bought int
Published 20 Feb, 2016 12:00am
Shanghai copper up
Exchange

Shanghai copper up

Shanghai Futures Exchange copper nudged up 0.6 percent to 35,920 yuan ($5,509) a tonne on Friday as traders bought into low prices to build stocks ahead of a stronger season for demand in top user China. Some signs have emerged to suggest China's infrastr
Published 20 Feb, 2016 12:00am
Cotton futures rise to highest in over a week on short covering
Cotton

Cotton futures rise to highest in over a week on short covering

Cotton futures rose to the highest in more than a week in choppy trading on Thursday, briefly piercing the key psychological 60-cent mark on short covering and as investors started to roll their positions forward ahead of the March contract expiry.
Published 20 Feb, 2016 12:00am
Taxing assets abroad
Exchange

Taxing assets abroad

The PML (N) government has been taking various measures to broaden the tax net and mobilise a higher-level of resources since its assumption of power in 2013. According to a report in this newspaper on 9th February, 2016, Tax Reform Commission (TRC) has n
Published 20 Feb, 2016 12:00am
Torkham: lifeline to terrorists

Torkham: lifeline to terrorists

No state, particularly one in a state of war, can afford soft borders. Torkham crossing is one such border with Afghanistan through which pass some 10,000 to 15,000 people every day, majority of them unchecked for valid travel documents. Resultantly, nobo
Published 20 Feb, 2016 12:00am
The LNG riddle

The LNG riddle

Pakistan signed last week a 15-year agreement worth billions of dollars with Qatar on importing Liquefied Natural Gas (LNG) with a price review after 10 years. The Prime Minister of Pakistan and the Emir of Qatar witnessed the signing of the agreement by
Published 20 Feb, 2016 12:00am
Privatisation - the way forward
Cotton

Privatisation - the way forward

The government's primary role is governance and regulation, not to manage and operate businesses. The government works in a manner that there is a shared responsibility which is demonstrated in decision-making through cabinet, assemblies, standing committ
Published 20 Feb, 2016 12:00am
Sanders maintains popularity among student voters in Nevada

Sanders maintains popularity among student voters in Nevada

Millennials, anxious about their futures and high student loan debt, have largely supported the liberal policies of Democratic candidate Bernie Sanders. He's done well in two contests thus far. Will his momentum carry through to Saturday's Nevada caucuses
Published 20 Feb, 2016 12:00am
MoF's comment on BR editorial
Exchange

MoF's comment on BR editorial

The editorial titled "Growth Rate Uncertainty" published in the Business Recorder dated on 12th February contends: "given that Pakistan is on IMF program, the government has committed to a budget deficit target which in the event of a lower expecte
Published 20 Feb, 2016 12:00am
APTMA hails PM's advice to NAB

APTMA hails PM's advice to NAB

All Pakistan Textile Mills Association (APTMA) Spokesman has highly applauded the initiative taken by Mian Muhammad Nawaz Sharif Prime Minister of Islamic Republic of Pakistan to advise National Accountability Bureau (NAB) not to harass the business commu
Published 20 Feb, 2016 12:00am
Government seeks more investment in renewable energy realm

Government seeks more investment in renewable energy realm

The current power shortfall in Pakistan reaches up to 6000MW and is estimated to cost the economy more than two percent of GDP each year. With the energy demand growing at about eight percent per annum, it is necessary that other renewable sources are add
Published 20 Feb, 2016 12:00am
KE removes 3,000 illegal connections

KE removes 3,000 illegal connections

K-Electric released information about the ongoing Operation Burq against heavy defaulters and power thieves from all pockets of the city. As per the press statement, 67 raids were conducted and around 3000 Kundas (illegal connections), weighing 650Kg were
Published 20 Feb, 2016 12:00am
ADB-funded road network project to take off in June: Sindh Assembly told

ADB-funded road network project to take off in June: Sindh Assembly told

The Asian Development Bank (ADB) is financing province-wide roads construction with $197 million to help improve transportation links, Sindh Senior Minister for Education Nisar Khuhro told the Sindh Assembly on Friday. Replying to a call attention notice
Published 20 Feb, 2016 12:00am
Five hotels sealed for non-payment of taxes

Five hotels sealed for non-payment of taxes

The Punjab Revenue Authority (PRA) team sealed five hotels in the provincial metropolis on Friday over non-compliance of registration and non-payment of the Punjab Sales Tax. The PRA sources told Business Recorder here on Friday that an enforcement
Published 20 Feb, 2016 12:00am
Pathankot attack: FIR lodged against alleged perpetrators

Pathankot attack: FIR lodged against alleged perpetrators

A Pakistan police spokesman said on Friday a case has been lodged against unnamed perpetrators of a deadly attack on an Indian air base last month. The January 2 attack on the Pathankot air base, in which seven Indian security personnel were killed, has s
Published 20 Feb, 2016 12:00am
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