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Print - 2016-03-10
Trouble-hit liquor baron flees India owing $1 billion

Trouble-hit liquor baron flees India owing $1 billion

The heavily indebted Indian liquor baron Vijay Mallya has fled the country, the Supreme Court heard on Wednesday, as banks lined up to try to recover more than $1 billion in unpaid loans. A group of mainly state-run banks had asked the Supreme Court to pr
Published 10 Mar, 2016 12:00am
Construction works: PAC calls for blacklisting company

Construction works: PAC calls for blacklisting company

Public Accounts Committee (PAC) on Wednesday showed serious reservations over giving benefits to M/s Husnain Cotex (Construction Company) while awarding road contracts and underscored the need for blacklisting the company. While examining the audit report
Published 10 Mar, 2016 12:00am
Construction works: PAC calls for blacklisting company

Construction works: PAC calls for blacklisting company

Public Accounts Committee (PAC) on Wednesday showed serious reservations over giving benefits to M/s Husnain Cotex (Construction Company) while awarding road contracts and underscored the need for blacklisting the company. While examining the audit report
Published 10 Mar, 2016 12:00am
Construction works: PAC calls for blacklisting company

Construction works: PAC calls for blacklisting company

Public Accounts Committee (PAC) on Wednesday showed serious reservations over giving benefits to M/s Husnain Cotex (Construction Company) while awarding road contracts and underscored the need for blacklisting the company. While examining the audit report
Published 10 Mar, 2016 12:00am
Irate Argentines attack minister on TV

Irate Argentines attack minister on TV

Argentines exasperated over their soaring electricity bills barged into a TV station and attacked a minister who was being interviewed about the increases, which reach as high as 700 percent. Video of the incident showed Adolfo Safran, the finance ministe
Published 10 Mar, 2016 12:00am
Irate Argentines attack minister on TV

Irate Argentines attack minister on TV

Argentines exasperated over their soaring electricity bills barged into a TV station and attacked a minister who was being interviewed about the increases, which reach as high as 700 percent. Video of the incident showed Adolfo Safran, the finance ministe
Published 10 Mar, 2016 12:00am
Rumours about Altaf part of conspiracy: MQM convenor

Rumours about Altaf part of conspiracy: MQM convenor

Muttahida Qaumi Movement (MQM) on Wednesday denied rumours regarding deteriorating health of the party chief Altaf Hussain. In a statement, Nadeem Nusrat, London-based MQM convenor, said Altaf Hussain is in good health, terming rumours 'lies and baseless'
Published 10 Mar, 2016 12:00am
Rumours about Altaf part of conspiracy: MQM convenor

Rumours about Altaf part of conspiracy: MQM convenor

Muttahida Qaumi Movement (MQM) on Wednesday denied rumours regarding deteriorating health of the party chief Altaf Hussain. In a statement, Nadeem Nusrat, London-based MQM convenor, said Altaf Hussain is in good health, terming rumours 'lies and baseless'
Published 10 Mar, 2016 12:00am
Downpour shuts UAE schools, disrupts flights

Downpour shuts UAE schools, disrupts flights

Schools were ordered shut, flights suspended and the stock market was closed down in the United Arab Emirates as rare heavy rain hit the desert Gulf state on Wednesday. Education authorities said schools will stay closed Thursday as more thundery weather
Published 10 Mar, 2016 12:00am
Downpour shuts UAE schools, disrupts flights

Downpour shuts UAE schools, disrupts flights

Schools were ordered shut, flights suspended and the stock market was closed down in the United Arab Emirates as rare heavy rain hit the desert Gulf state on Wednesday. Education authorities said schools will stay closed Thursday as more thundery weather
Published 10 Mar, 2016 12:00am
UBS, Deutsche Bank lose bankers'' bonuses tax case in UK

UBS, Deutsche Bank lose bankers'' bonuses tax case in UK

Offshore schemes operated by UBS and Deutsche Bank in a bid to avoid paying income tax on bankers'' bonuses are not exempt from tax, the Supreme Court in London ruled Wednesday. British tax authorities, who brought the court action, said the schemes set u
Published 10 Mar, 2016 12:00am
UBS, Deutsche Bank lose bankers' bonuses tax case in UK

UBS, Deutsche Bank lose bankers' bonuses tax case in UK

Offshore schemes operated by UBS and Deutsche Bank in a bid to avoid paying income tax on bankers' bonuses are not exempt from tax, the Supreme Court in London ruled Wednesday. British tax authorities, who brought the court action, said the schemes set up
Published 10 Mar, 2016 12:00am
UBS, Deutsche Bank lose bankers' bonuses tax case in UK

UBS, Deutsche Bank lose bankers' bonuses tax case in UK

Offshore schemes operated by UBS and Deutsche Bank in a bid to avoid paying income tax on bankers' bonuses are not exempt from tax, the Supreme Court in London ruled Wednesday. British tax authorities, who brought the court action, said the schemes set up
Published 10 Mar, 2016 12:00am
Recovery of Shahbaz: investigation ordered against IG

Recovery of Shahbaz: investigation ordered against IG

Interior Minister Chaudhry Nisar Ali Khan here on Wednesday ordered an investigation against Inspector General of Police (IGP) Balochistan for providing fabricated information regarding the recovery of slain Salmaan Taseer's son Shahbaz Taseer. Chaudhry N
Published 10 Mar, 2016 12:00am
Recovery of Shahbaz: investigation ordered against IG

Recovery of Shahbaz: investigation ordered against IG

Interior Minister Chaudhry Nisar Ali Khan here on Wednesday ordered an investigation against Inspector General of Police (IGP) Balochistan for providing fabricated information regarding the recovery of slain Salmaan Taseer's son Shahbaz Taseer. Chaudhry N
Published 10 Mar, 2016 12:00am
Efforts under way to decouple economy from politics: Dar
Currency

Efforts under way to decouple economy from politics: Dar

Federal Finance Minister Ishaq Dar said that here on Wednesday that efforts are under way to separate the economy from politics for achieving 18th ranking in the world''s good economies as against the current ranking of 44. "Qatar, Saudi Arabia, Turkey an
Published 10 Mar, 2016 12:00am
Efforts under way to decouple economy from politics: Dar
Currency

Efforts under way to decouple economy from politics: Dar

Federal Finance Minister Ishaq Dar said that here on Wednesday that efforts are under way to separate the economy from politics for achieving 18th ranking in the world's good economies as against the current ranking of 44. "Qatar, Saudi Arabia, Turkey and
Published 10 Mar, 2016 12:00am
Efforts under way to decouple economy from politics: Dar
Currency

Efforts under way to decouple economy from politics: Dar

Federal Finance Minister Ishaq Dar said that here on Wednesday that efforts are under way to separate the economy from politics for achieving 18th ranking in the world's good economies as against the current ranking of 44. "Qatar, Saudi Arabia, Turkey and
Published 10 Mar, 2016 12:00am
Western alignment of CPEC: government yet to release funds under PSDP

Western alignment of CPEC: government yet to release funds under PSDP

The federal government has yet to release any amount for the land acquisition / construction of western alignment of the China Pakistan Economic Corridor (CPEC) under the public sector development programme (PSDP) 2015-16, which may delay the project''s e
Published 10 Mar, 2016 12:00am
Western alignment of CPEC: government yet to release funds under PSDP

Western alignment of CPEC: government yet to release funds under PSDP

The federal government has yet to release any amount for the land acquisition / construction of western alignment of the China Pakistan Economic Corridor (CPEC) under the public sector development programme (PSDP) 2015-16, which may delay the project's ex
Published 10 Mar, 2016 12:00am
Western alignment of CPEC: government yet to release funds under PSDP

Western alignment of CPEC: government yet to release funds under PSDP

The federal government has yet to release any amount for the land acquisition / construction of western alignment of the China Pakistan Economic Corridor (CPEC) under the public sector development programme (PSDP) 2015-16, which may delay the project's ex
Published 10 Mar, 2016 12:00am
BRIndex30 up 2.32 points

BRIndex30 up 2.32 points

On Wednesday, BRIndex30 opened at 20,512.26 points. It touched an intraday high of 20,659.27 points and an intraday low of 20,424.37 points and closed at 20,514.58 points which was 2.32 points or 0.01 percent higher than previous close. Total volume was 1
Published 10 Mar, 2016 12:00am
BRIndex30 up 2.32 points

BRIndex30 up 2.32 points

On Wednesday, BRIndex30 opened at 20,512.26 points. It touched an intraday high of 20,659.27 points and an intraday low of 20,424.37 points and closed at 20,514.58 points which was 2.32 points or 0.01 percent higher than previous close. Total volume was 1
Published 10 Mar, 2016 12:00am
Stocks snap winning streak
Exchange

Stocks snap winning streak

Negative sentiment prevailed on Pakistan Stock Exchange (PSX) Wednesday. Investor preferred profit-taking in select scrips, pulling down the benchmark KSE-100 index below 33,000-point mark. Hammad Aman, Manager of Equity at Topline, said after gaining 7.8
Published 10 Mar, 2016 12:00am
Stocks snap winning streak
Exchange

Stocks snap winning streak

Negative sentiment prevailed on Pakistan Stock Exchange (PSX) Wednesday. Investor preferred profit-taking in select scrips, pulling down the benchmark KSE-100 index below 33,000-point mark. Hammad Aman, Manager of Equity at Topline, said after gaining 7.8
Published 10 Mar, 2016 12:00am
Stocks snap winning streak
Exchange

Stocks snap winning streak

Negative sentiment prevailed on Pakistan Stock Exchange (PSX) Wednesday. Investor preferred profit-taking in select scrips, pulling down the benchmark KSE-100 index below 33,000-point mark. Hammad Aman, Manager of Equity at Topline, said after gaining 7.8
Published 10 Mar, 2016 12:00am
Clinton suffers surprise loss in key US primary

Clinton suffers surprise loss in key US primary

Democratic frontrunner Hillary Clinton suffered a surprise loss to challenger Bernie Sanders in a major state primary Tuesday, as billionaire Donald Trump notched a trio of easy victories in the Republican presidential nomination race. The former secretar
Published 10 Mar, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (March 09, 2016).

Published 10 Mar, 2016 12:00am
Clinton suffers surprise loss in key US primary

Clinton suffers surprise loss in key US primary

Democratic frontrunner Hillary Clinton suffered a surprise loss to challenger Bernie Sanders in a major state primary Tuesday, as billionaire Donald Trump notched a trio of easy victories in the Republican presidential nomination race. The former secretar
Published 10 Mar, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (March 09, 2016).

Published 10 Mar, 2016 12:00am
Report on GIDC bill deferred

Report on GIDC bill deferred

The Upper House of Parliament on Wednesday deferred a report of Senate Special Committee on Gas Development Infrastructure Cess (GIDC) Bill after Petroleum Ministry refused to give assurance that it would adopt it. The State Minister for Petroleum and Nat
Published 10 Mar, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (March 09, 2016).

Published 10 Mar, 2016 12:00am
Report on GIDC bill deferred

Report on GIDC bill deferred

The Upper House of Parliament on Wednesday deferred a report of Senate Special Committee on Gas Development Infrastructure Cess (GIDC) Bill after Petroleum Ministry refused to give assurance that it would adopt it. The State Minister for Petroleum and Nat
Published 10 Mar, 2016 12:00am
Report on GIDC bill deferred

Report on GIDC bill deferred

The Upper House of Parliament on Wednesday deferred a report of Senate Special Committee on Gas Development Infrastructure Cess (GIDC) Bill after Petroleum Ministry refused to give assurance that it would adopt it. The State Minister for Petroleum and Nat
Published 10 Mar, 2016 12:00am
China behind global trade slowdown in 2015: World Bank

China behind global trade slowdown in 2015: World Bank

The slump in Chinese growth and its nascent economic transition was the key factor in a sharp slowdown last year in global trade, the World Bank said Wednesday. Trade, as measured by total merchandise import volumes, rose only 1.7 percent in 2015, down fr
Published 10 Mar, 2016 12:00am
China behind global trade slowdown in 2015: World Bank

China behind global trade slowdown in 2015: World Bank

The slump in Chinese growth and its nascent economic transition was the key factor in a sharp slowdown last year in global trade, the World Bank said Wednesday. Trade, as measured by total merchandise import volumes, rose only 1.7 percent in 2015, down fr
Published 10 Mar, 2016 12:00am
China behind global trade slowdown in 2015: World Bank

China behind global trade slowdown in 2015: World Bank

The slump in Chinese growth and its nascent economic transition was the key factor in a sharp slowdown last year in global trade, the World Bank said Wednesday. Trade, as measured by total merchandise import volumes, rose only 1.7 percent in 2015, down fr
Published 10 Mar, 2016 12:00am
China behind global trade slowdown in 2015: World Bank

China behind global trade slowdown in 2015: World Bank

The slump in Chinese growth and its nascent economic transition was the key factor in a sharp slowdown last year in global trade, the World Bank said Wednesday. Trade, as measured by total merchandise import volumes, rose only 1.7 percent in 2015, down fr
Published 10 Mar, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (March 09, 2016).

Published 10 Mar, 2016 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (March 09, 2016).
Published 10 Mar, 2016 12:00am
Sugar industry: inquiry by NAB to be completed within 30 days

Sugar industry: inquiry by NAB to be completed within 30 days

National Accountability Bureau (NAB) on Wednesday said that an inquiry into billions of rupees of inland freight subsidy approved for sugar industry in 2013 will be completed within one month. A team of NAB, headed by Director Nauman Aslam, informed a par
Published 10 Mar, 2016 12:00am
Sugar industry: inquiry by NAB to be completed within 30 days

Sugar industry: inquiry by NAB to be completed within 30 days

National Accountability Bureau (NAB) on Wednesday said that an inquiry into billions of rupees of inland freight subsidy approved for sugar industry in 2013 will be completed within one month. A team of NAB, headed by Director Nauman Aslam, informed a par
Published 10 Mar, 2016 12:00am
Sugar industry: inquiry by NAB to be completed within 30 days

Sugar industry: inquiry by NAB to be completed within 30 days

National Accountability Bureau (NAB) on Wednesday said that an inquiry into billions of rupees of inland freight subsidy approved for sugar industry in 2013 will be completed within one month. A team of NAB, headed by Director Nauman Aslam, informed a par
Published 10 Mar, 2016 12:00am
Umar describes Prime Minister as 'high quality' decision-maker

Umar describes Prime Minister as 'high quality' decision-maker

Asad Umar, stalwart of Pakistan Tehreek-e-Insaf (PTI), was all praises for Prime Minister Nawaz Sharif describing him as "high-quality" decision-maker. He made these remarks while presiding over a meeting of a parliamentary body on Wednesday.
Published 10 Mar, 2016 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (March 09, 2016).

Published 10 Mar, 2016 12:00am
Umar describes Prime Minister as 'high quality' decision-maker

Umar describes Prime Minister as 'high quality' decision-maker

Asad Umar, stalwart of Pakistan Tehreek-e-Insaf (PTI), was all praises for Prime Minister Nawaz Sharif describing him as "high-quality" decision-maker. He made these remarks while presiding over a meeting of a parliamentary body on Wednesday.
Published 10 Mar, 2016 12:00am
National Assembly body for urea import to tame price
Cotton

National Assembly body for urea import to tame price

Asad Umar of Pakistan Tehreek-e-Insaf on Wednesday recommended that the government should import at least four ships of urea to bring down price of fertiliser as domestic fertilizer manufacturers are fleecing the poor farmers. Presiding over a meeting of
Published 10 Mar, 2016 12:00am
National Assembly body for urea import to tame price
Cotton

National Assembly body for urea import to tame price

Asad Umar of Pakistan Tehreek-e-Insaf on Wednesday recommended that the government should import at least four ships of urea to bring down price of fertiliser as domestic fertilizer manufacturers are fleecing the poor farmers. Presiding over a meeting of
Published 10 Mar, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 10 Mar, 2016 12:00am
National Assembly body for urea import to tame price
Cotton

National Assembly body for urea import to tame price

Asad Umar of Pakistan Tehreek-e-Insaf on Wednesday recommended that the government should import at least four ships of urea to bring down price of fertiliser as domestic fertilizer manufacturers are fleecing the poor farmers. Presiding over a meeting of
Published 10 Mar, 2016 12:00am
State Bank of Pakistan conversion rates
Exchange

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 10 Mar, 2016 12:00am
India-Pakistan T20 match shifted to Kolkata

India-Pakistan T20 match shifted to Kolkata

The World Twenty20 match between arch rivals India and Pakistan has been shifted from the northern Indian hill town of Dharamsala at the last minute after Pakistan expressed security concerns, organisers said Wednesday. International Cricket Council Chief
Published 10 Mar, 2016 12:00am