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Print - 2016-03-29
KP cabinet approves Budget Strategic Paper for Fiscal Year 2017

KP cabinet approves Budget Strategic Paper for Fiscal Year 2017

Provincial Cabinet during its meeting here on Monday approved the important document of Budget Strategic Paper for the financial year 2016-17, aiming at to inform all relevant departments regarding financial position, to make the next fiscal budget as per
Published 29 Mar, 2016 12:00am
FC arrests 11 Uzbeks, extremist in Nushki

FC arrests 11 Uzbeks, extremist in Nushki

The Frontier Corps (FC) arrested 11 foreigners and an extremist during search operations here on Monday. Spokesman of FC said that the paramilitary troops conducted search operation in different localities of district Nushki of Balochistan. During operati
Published 29 Mar, 2016 12:00am
Life remains paralysed in Capital

Life remains paralysed in Capital

Daily routines of citizens of the federal capital on Monday remained disrupted due to a sit-in staged by Sunni Tehreek (ST) and Tehreek-i-Labbaik Ya Rasool Allah (SAW) leadership against the hanging of former police bodyguard Mumtaz Qadri, who killed ex-P
Published 29 Mar, 2016 12:00am
Romanian ambassador meets APTMA chief

Romanian ambassador meets APTMA chief

Tariq Saud, Chairman APTMA thanked Ambassador of Romania Emilian Ion for providing the support and sincere struggles of his country at the European Union due to which Pakistan achieved the status of GSP+ in 2014 and hoped that by this special market acces
Published 29 Mar, 2016 12:00am
MPhil, MS & PhD seminars held at SU today

MPhil, MS & PhD seminars held at SU today

Dean Faculty of Natural Sciences University of Sindh has announced that First MPhil Seminar of the scholar Fida Ahmed and second PhD seminar of Aiman of Zoology, First MPhil seminar scholar of Samreen Shah of Microbiology will be held on Tuesday at 10 am,
Published 29 Mar, 2016 12:00am
Sit-in by religious groups badly affect business

Sit-in by religious groups badly affect business

Religious parties' ongoing sit-in at Old Exhibition traffic intersection on Monday badly affected business activities in the city's downtown markets. According to traders, business activities in the city on Monday declined 60 per cent in the wake of the p
Published 29 Mar, 2016 12:00am
Bank AL Habib Limited declares 35 percent cash dividend

Bank AL Habib Limited declares 35 percent cash dividend

The Annual General Meeting of Bank AL Habib Limited was held at its registered office in Multan on March 28. The shareholders approved the Annual Accounts for the year ended December 31, 2015. The payment of 35 percent Cash Dividend (Final) was also appro
Published 29 Mar, 2016 12:00am
Bank AL Habib Limited declares 35 percent cash dividend

Bank AL Habib Limited declares 35 percent cash dividend

The Annual General Meeting of Bank AL Habib Limited was held at its registered office in Multan on March 28. The shareholders approved the Annual Accounts for the year ended December 31, 2015. The payment of 35 percent Cash Dividend (Final) was also appro
Published 29 Mar, 2016 12:00am
CAREEM celebrates spirit of Pakistan Day

CAREEM celebrates spirit of Pakistan Day

CAREEM, Pakistan's leading app for booking chauffeur driven cars, conducted a scavenger hunt for public of Karachi and Lahore in celebration of Pakistan Day. Themed around photography of local cultural & historic sites, the hunt saw participants, based on
Published 29 Mar, 2016 12:00am
APBF condemns Lahore suicide blast

APBF condemns Lahore suicide blast

The All Pakistan Business Forum (APBF) has strongly condemned the brutal bomb attack in Gulshan-e-Iqbal Park, Allama Iqbal Town, Lahore. The suicide attack has already killed over 70 people and left more than 250 people injured. APBF President Ibrahim Qur
Published 29 Mar, 2016 12:00am
Haroon praises OICCI's budget proposals
Exchange

Haroon praises OICCI's budget proposals

Haroon Akhtar, Special Advisor for Revenue to the Prime Minister, expressed appreciation on the detailed Overseas Investor Chamber of Commerce and Industry (OICCI) taxation proposals for the 2016-17 Federal Budget, which are supported by research, giving
Published 29 Mar, 2016 12:00am
Imran for depoliticising police department

Imran for depoliticising police department

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan while talking to the media on Monday stated that in order to improve the current situation faced by the country, there is a need to depoliticise the police department. Khan visited the Jinnah Hospital whe
Published 29 Mar, 2016 12:00am
Two border points to facilitate Pak-Iran trade: decision hailed

Two border points to facilitate Pak-Iran trade: decision hailed

President Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has lauded decision to open two more border points at Pak-Iran border, which will facilitate trade, reduce transportation and business cost and help grow economy of Balochist
Published 29 Mar, 2016 12:00am
DG Rangers, chief minister Sindh discuss security situation

DG Rangers, chief minister Sindh discuss security situation

Director General (DG) Sindh Rangers Major General Bilal Akbar called on Chief Minister Sindh, Syed Qaim Ali Shah here on Monday and discussed security related issues with him. Sources said that during meeting of DG Rangers Bilal Akbar with CM Sindh Qaim A
Published 29 Mar, 2016 12:00am
Shahbaz expresses grief

Shahbaz expresses grief

Punjab Chief Minister Muhammad Shahbaz Sharif has expressed deep sense of sorrow and grief over the death of a Sikh leader and Chairman Pakistan Sikh Gurdawara Parbandak Committee Sardar Sham Singh at the age of 79 years here on Sunday. In a condolence me
Published 29 Mar, 2016 12:00am
PIAF, LCCI condemn Lahore park attack

PIAF, LCCI condemn Lahore park attack

The Pakistan Industrial & Traders Associations Front (PIAF) has strongly condemned the ugly act of terrorism in Gulshan Iqbal Park a day earlier and urged the government for more fool proof security. The Association Chairman Irfan Iqbal Sheikh, Senior Vic
Published 29 Mar, 2016 12:00am
Over 50 injured in critical condition

Over 50 injured in critical condition

Over 50 of the 370 wounded people in Lahore suicide blast are still reported to be in a critical condition. Police have handed over around 60 bodies to their families after post-mortem. Till Monday morning, 106 people who had received minor injuries were
Published 29 Mar, 2016 12:00am
Attack on Sherpao: facilitator held in Charsadda

Attack on Sherpao: facilitator held in Charsadda

Charsadda police on Monday claimed that they have arrested 12 suspects including a wanted terrorist who had allegedly facilitated a suicide attack on Qaumi Wattan Party (QWP) Chairman Aftab Ahmad Khan Sherpao. According to senior police officer, police ca
Published 29 Mar, 2016 12:00am
Businesses, educational institutions remain closed in Lahore
Currency

Businesses, educational institutions remain closed in Lahore

The Punjab capital witnessed complete shutter-down on Monday as all businesses remained closed to protest the park bombing on Sunday evening which left scores of people dead. Police have cordoned off all sensitive locations to avoid any further mishap.
Published 29 Mar, 2016 12:00am
Nation united to wipe out terrorism: FPCCI

Nation united to wipe out terrorism: FPCCI

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Abdul Rauf Alam on Monday strongly condemned suicide blast at a crowded park that killed around 72 including children and women, while over 300 people were wounded which is yet ano
Published 29 Mar, 2016 12:00am
Parks locked in Lahore after tragic suicide attack

Parks locked in Lahore after tragic suicide attack

The district government locked all the leading parks in the city on Monday after a tragic suicide attack at the Gulshan-e-Iqbal Park on Sunday, leaving 72 dead and over 300 injured. The district government officials said the parks were closed for public e
Published 29 Mar, 2016 12:00am
StanChart partners with Turkish Airlines

StanChart partners with Turkish Airlines

Always at the forefront of providing the finest services to its customers, Standard Chartered (Pakistan) Limited aims to provide attractive travel options to its customers. Through this partnership, all Standard Chartered debit and credit card holders can
Published 29 Mar, 2016 12:00am
EFU General Insurance Limited

EFU General Insurance Limited

EFU General (PSX: EFUG) is the largest non-life insurer in the country. It commenced operations before partition in Kolkata as Eastern Federal Union Insurance Company (EFU), making it one of the oldest companies in Pakistan. Later, it was split into separ
Published 29 Mar, 2016 12:00am
EFU General Insurance Limited

EFU General Insurance Limited

EFU General (PSX: EFUG) is the largest non-life insurer in the country. It commenced operations before partition in Kolkata as Eastern Federal Union Insurance Company (EFU), making it one of the oldest companies in Pakistan. Later, it was split into separ
Published 29 Mar, 2016 12:00am
Electricity: Dar for maximising recoveries

Electricity: Dar for maximising recoveries

Finance Minister, Senator Ishaq Dar Monday emphasised the need for maximising electricity recoveries against billed amounts for the financial viability and improvement of distribution companies. The Minister was chairing a high level meeting to review fin
Published 29 Mar, 2016 12:00am
Workshop on conservation of sharks in Pakistan

Workshop on conservation of sharks in Pakistan

WWF-Pakistan in collaboration with Ministry of Climate Change is organising a three-day workshop titled 'Developing conservation and management measures and assessing the vulnerability of sharks to address CITES issues; Endorsing the National Plan of Acti
Published 29 Mar, 2016 12:00am
Sec 489-F of PPC: Amendment to law on dud cheques proposed

Sec 489-F of PPC: Amendment to law on dud cheques proposed

Saalim Salam Ansari Advocate Supreme Court of Pakistan Monday suggested amendment to the law to remove ambiguity in the section 489-F of Pakistan Panel Code (PPC). Saalim was delivering a lecture on "Dishonoured Cheques - Civil and Criminal Remedies under
Published 29 Mar, 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 (March 28, 2016).

Published 29 Mar, 2016 12:00am
KP increases professional tax

KP increases professional tax

The provincial government of Khyber Pakhtunkhwa Monday decided to increase professional tax from Rs 0.1 million to Rs 0.5 million and making of categories to implement on different people. The decision was taken in a meeting of the provincial cabinet met
Published 29 Mar, 2016 12:00am
LHC delays hearing of petition against MQM

LHC delays hearing of petition against MQM

A full bench of the Lahore High Court has delayed until April 18 the hearing of a petition since the counsel of the Muttahida Qaumi Movement Chief wants more time to present his arguments in the case. The court has also adjourned a contempt petition again
Published 29 Mar, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (March 28, 2016)

Published 29 Mar, 2016 12:00am
Lawyers stage strike against Lahore carnage

Lawyers stage strike against Lahore carnage

Lawyers on Monday staged a strike and mourned the Sunday bombing dead in the Gulshan-i-Iqbal Park. Black flags were hoisted at bar premises and national flags were at half mast while the lawyers wore black armbands. Judges put off their work and protest m
Published 29 Mar, 2016 12:00am
Parks closed down in Multan over security concerns

Parks closed down in Multan over security concerns

Following Lahore attack in a park, all the parks in Multan city have been closed on Monday in the wake of security concerns. According to details, the district administration held an important session regarding security arrangements in the city. During th
Published 29 Mar, 2016 12:00am
Prime Minister asks provinces to speed up IBOs

Prime Minister asks provinces to speed up IBOs

The premier has called for improved co-ordination among law enforcers and intelligence agencies and swifter actions in anti-terror war, a day after a suicide bomb killed more than 70 in Lahore. The army claims a number of arrests were reportedly made and
Published 29 Mar, 2016 12:00am
Import of used cars costs country 143,000 jobs
Exchange

Import of used cars costs country 143,000 jobs

Import of used cars has resulted in the loss of 1,43,000 skilled jobs in Pakistan that has led to discouragement for new players and investment in auto sector. Former Chairman PAAPAM Aamir Allawala while briefing journalists at a workshop said that the po
Published 29 Mar, 2016 12:00am
MQM to support RTI bill in Sindh Assembly, Sattar tells CPNE

MQM to support RTI bill in Sindh Assembly, Sattar tells CPNE

Muttahida Qaumi Movement's (MQM) leader MNA Dr Farooq Sattar has announced to support the Council of Pakistan Newspapers Editors (CPNE) in their struggle for right to information (RTI) legislation in Sindh Assembly. Dr Sattar offered the unconditional sup
Published 29 Mar, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (March 28, 2016).

Published 29 Mar, 2016 12:00am
The Weather

The Weather

The weather report on Monday (March 28, 2016) and the forecast for Tuesday (March 29, 2016).

Published 29 Mar, 2016 12:00am
Putin sends condolences

Putin sends condolences

Vladimir Putin has sent his condolences to President of Pakistan Mamnoon Hussain and Prime Minister of Pakistan Nawaz Sharif following the tragedy in Lahore, where dozens of innocent people were killed, most of them women and children. Putin stressed that
Published 29 Mar, 2016 12:00am
Lahore attack: Ashraf Ghani phones Prime Minister

Lahore attack: Ashraf Ghani phones Prime Minister

Afghan President Ashraf Ghani Monday telephoned Prime Minister Muhammad Nawaz Sharif and condoled the loss of lives in Sunday's terrorist attack in Lahore. According to a PM House statement, the Afghan President condemned the cowardly act of terrorists. P
Published 29 Mar, 2016 12:00am
Tax collection: FBR field offices to observe extended working hours

Tax collection: FBR field offices to observe extended working hours

The Federal Board of Revenue (FBR) has announced that all field offices will remain open and observe extended working hours, ie, 9am to 8pm on Wednesday (March 30) and 9am to 10pm on Thursday (March 31) for collection of duty/taxes. In this regard, the FB
Published 29 Mar, 2016 12:00am
Nisar annoyed over violence, destruction in twin cities

Nisar annoyed over violence, destruction in twin cities

Interior Minister Chaudhry Nisar Ali Khan on Monday admonished high-ups of district administration of twin cities for taking inadequate measures to prevent pro-Qadri supporters from entering in metropolis, especially in Red Zone. An official source said t
Published 29 Mar, 2016 12:00am
Shale oil/gas in Sindh: pilot exploration project gets delayed

Shale oil/gas in Sindh: pilot exploration project gets delayed

The pilot project started by state owned Exploration and Production (E&P) companies to explore shale oil/gas in Sindh has been delayed due to technical reasons, officials said. According to sources in the Ministry of Petroleum and Natural Resources, Oil a
Published 29 Mar, 2016 12:00am
Meezan Bank holds Shariah Supervisory Board meeting

Meezan Bank holds Shariah Supervisory Board meeting

The 26th full quorum Shariah Supervisory Board meeting of Meezan Bank was held on 19th March 2016 at Jamia Dar-ul-Uloom, Korangi, Karachi. The meeting was chaired by former Justice Muhammad Taqi Usmani. Other members of the Shariah Board include Sheikh Es
Published 29 Mar, 2016 12:00am
City's surveillance system: IGP forms body to conduct operational audit

City's surveillance system: IGP forms body to conduct operational audit

Inspector General of Police (IGP) Sindh A.D Khwaja has formed a five member committee to conduct operational audit of the city's surveillance system. In a meeting with his subordinates at the Central Police Office (CPO) on Monday, he directed the committe
Published 29 Mar, 2016 12:00am
Japan's NTT Data to buy Dell units for $3 billion
Exchange

Japan's NTT Data to buy Dell units for $3 billion

Japan's NTT Data said Monday it had agreed to buy computer giant Dell's IT service operations for $3.0 billion in a bid to expand in North America. The Tokyo-based IT firm, a unit of Japan's former telephone monopoly NTT, said it will absorb about 28,000
Published 29 Mar, 2016 12:00am
Japan''s NTT Data to buy Dell units for $3 billion
Exchange

Japan''s NTT Data to buy Dell units for $3 billion

Japan''s NTT Data said Monday it had agreed to buy computer giant Dell''s IT service operations for $3.0 billion in a bid to expand in North America. The Tokyo-based IT firm, a unit of Japan''s former telephone monopoly NTT, said it will absorb about 28,0
Published 29 Mar, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 29 Mar, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 29 Mar, 2016 12:00am
Army carries out raids in Punjab

Army carries out raids in Punjab

Army has launched a large-scale crackdown on militants and their facilitators across Punjab after a deadly attack at Gulshan Iqbal Park of Lahore on Sunday evening. On the directive of Army Chief General Raheel Sharif, military started a massive crackdown
Published 29 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 29 Mar, 2016 12:00am
Army carries out raids in Punjab

Army carries out raids in Punjab

Army has launched a large-scale crackdown on militants and their facilitators across Punjab after a deadly attack at Gulshan Iqbal Park of Lahore on Sunday evening. On the directive of Army Chief General Raheel Sharif, military started a massive crackdown
Published 29 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 29 Mar, 2016 12:00am
Prime Minister cancels US visit

Prime Minister cancels US visit

Prime Minister Nawaz Sharif on Monday called off his visit to the US where he was to attend the Nuclear Security Summit 2016 scheduled for March 31-April 01, 2016 on the invitation of US President Barack Obama. "In view of the terrorist attack in Lahore,
Published 29 Mar, 2016 12:00am
Prime Minister cancels US visit

Prime Minister cancels US visit

Prime Minister Nawaz Sharif on Monday called off his visit to the US where he was to attend the Nuclear Security Summit 2016 scheduled for March 31-April 01, 2016 on the invitation of US President Barack Obama. "In view of the terrorist attack in Lahore,
Published 29 Mar, 2016 12:00am
Sugar exports: extension in validity with rebate sought

Sugar exports: extension in validity with rebate sought

Pakistan Sugar Mills Association (PSMA) has sought a three-month extension in the validity of sugar exports with a rebate due to expire on March 31, 2016 as export of sugar remains unattractive except to Afghanistan, despite a rebate of Rs 13 per kg. Well
Published 29 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 Monday (March 28, 2016).

Published 29 Mar, 2016 12:00am
Sugar exports: extension in validity with rebate sought

Sugar exports: extension in validity with rebate sought

Pakistan Sugar Mills Association (PSMA) has sought a three-month extension in the validity of sugar exports with a rebate due to expire on March 31, 2016 as export of sugar remains unattractive except to Afghanistan, despite a rebate of Rs 13 per kg. Well
Published 29 Mar, 2016 12:00am
Sugar exports: extension in validity with rebate sought

Sugar exports: extension in validity with rebate sought

Pakistan Sugar Mills Association (PSMA) has sought a three-month extension in the validity of sugar exports with a rebate due to expire on March 31, 2016 as export of sugar remains unattractive except to Afghanistan, despite a rebate of Rs 13 per kg. Well
Published 29 Mar, 2016 12:00am
Ooredoo unit sells wi-tribe Pakistan business

Ooredoo unit sells wi-tribe Pakistan business

Qatar's Ooredoo said on Monday that its subsidiary wi-tribe Ltd had completed the sale of wi-tribe Pakistan to NB Offshore Investment Ltd for around 32.7 million Qatari riyals ($9 million). The cash payment is in line with the value of the asset, the tele
Published 29 Mar, 2016 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (March 28, 2016).
Published 29 Mar, 2016 12:00am
Ooredoo unit sells wi-tribe Pakistan business

Ooredoo unit sells wi-tribe Pakistan business

Qatar's Ooredoo said on Monday that its subsidiary wi-tribe Ltd had completed the sale of wi-tribe Pakistan to NB Offshore Investment Ltd for around 32.7 million Qatari riyals ($9 million). The cash payment is in line with the value of the asset, the tele
Published 29 Mar, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (March 28, 2016).

Published 29 Mar, 2016 12:00am
Ooredoo unit sells wi-tribe Pakistan business

Ooredoo unit sells wi-tribe Pakistan business

Qatar''s Ooredoo said on Monday that its subsidiary wi-tribe Ltd had completed the sale of wi-tribe Pakistan to NB Offshore Investment Ltd for around 32.7 million Qatari riyals ($9 million). The cash payment is in line with the value of the asset, the tel
Published 29 Mar, 2016 12:00am
Belgium releases Brussels attacks suspect

Belgium releases Brussels attacks suspect

Belgium on Monday freed the sole suspect charged over last week's Islamic State attacks in Brussels that left 35 dead, raising fresh questions about the handling of the case by under-fire Belgian authorities. Prosecutors charged Faycal C. on Saturday with
Published 29 Mar, 2016 12:00am
France extends detention of terror plot suspect

France extends detention of terror plot suspect

A French judge has extended the detention of the main suspect in what officials said was a foiled terror attack, a judicial source said Monday, as European countries remained on high alert following last week's carnage in Brussels. Reda Kriket, who is lin
Published 29 Mar, 2016 12:00am
Syria troops press advance after blow to IS in Palmyra

Syria troops press advance after blow to IS in Palmyra

Syrian forces strengthened their hold on Palmyra on Monday and pushed forward against the Islamic State group after dealing it a major blow by retaking the ancient city. The country's antiquities chief said the treasured monuments damaged by the jihadists
Published 29 Mar, 2016 12:00am
Bangladesh court rejects scrapping Islam as state religion

Bangladesh court rejects scrapping Islam as state religion

Bangladesh's high court on Monday rejected a petition by secular activists to scrap Islam as the state religion in the wake of nation-wide protests by hard-line Islamist groups. A special bench of three judges threw out the petition within moments of open
Published 29 Mar, 2016 12:00am
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