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Print - 2016-05-06
OICCI shows 36 percent rise in BCI survey

OICCI shows 36 percent rise in BCI survey

Overseas Investors Chamber of Commerce and Industry (OICCI) shared results of its latest Business Confidence Index (BCI) Survey - Wave 12, which reached a record level of 36 percent positive. This shows 14 percent improvement over Wave 11 results (22 perc
Published 06 May, 2016 12:00am
AP-BMG & AP-BMH: PIA admits technical faults in newly- inducted aircraft

AP-BMG & AP-BMH: PIA admits technical faults in newly- inducted aircraft

Pakistan International Airlines (PIA) is found operating newly inducted Boeing 777-200ER AP-BMG and AP-BMH with technical faults; it was learnt. According to details, the Flight Operation Department (FOD) in its instructions admitted that newly inducted B
Published 06 May, 2016 12:00am
Six suspects held in Gwadar

Six suspects held in Gwadar

At least six suspects were arrested besides recovery of weapons during search operation here on Thursday. The police on a tipoff regarding presence of outlaws conducted search operation in Pasni area of Gwadar during which it apprehended six suspects with
Published 06 May, 2016 12:00am
Hyderabad DC reviews anti-polio campaign

Hyderabad DC reviews anti-polio campaign

Deputy Commissioner Hyderabad Muatasum Abbasi reviewed the arrangements of three-day long Anti-Polio Campaign being started from May 16, 2016 in Hyderabad district. He has expressed his grave concern over the refusal from certain parents for immunising th
Published 06 May, 2016 12:00am
Supreme Court directs to remove billboards in Karachi within 15 days

Supreme Court directs to remove billboards in Karachi within 15 days

Supreme Court (SC) on Thursday ordered to remove all the billboards fixed at public areas, flyovers, streets, green belts and footpaths in Karachi within 15 days. A three-member bench headed by Justice Saqib Nisar conducted the hearing in SC Karachi regis
Published 06 May, 2016 12:00am
KCBF urges government to re-open hedge trading of raw cotton
Cotton

KCBF urges government to re-open hedge trading of raw cotton

Meeting of member's of Karachi Cotton Broker's Forum (KCBF) and members of Broker's Advisory Committee (BAC) was held on Wednesday in trading hall of the Karachi Cotton Exchange Building. The meeting was chaired by Chairman Naseem Usman and it discussed t
Published 06 May, 2016 12:00am
Sindh government may take over DFID's primary education project

Sindh government may take over DFID's primary education project

Sindh Education department is in talks with the Department for International Development (DFID) of UK to take over its primary education project. Sources in Sindh Education Ministry revealed that DFID has successfully completed its pilot project to enroll
Published 06 May, 2016 12:00am
Hale, Qaim inaugurate Rs 328 million maternity ward project at JPMC

Hale, Qaim inaugurate Rs 328 million maternity ward project at JPMC

Sindh Chief Minister Syed Qaim Ali Shah and US Ambassador David Hale Thursday inaugurated Rs 328 million maternity ward project at Jinnah Postgraduate Medical Center (JPMC), funded by the US Agency for International Development (USAID). The 120-bed facili
Published 06 May, 2016 12:00am
SU holds workshop on paedogogical skills

SU holds workshop on paedogogical skills

Office of the Research Innovation and Commercialisation (ORIC) in collaboration with Department of Psychology, University of Sindh, Jamshoro organised a one-day teachers training workshop "Paedogogical Skills: A religious Perspective" at the Allama I.I. K
Published 06 May, 2016 12:00am
Bestway Cement: PAT grows 49 percent

Bestway Cement: PAT grows 49 percent

The Board of Directors at Bestway Cement Limited announced financial results for nine months to March, 2016. Bestway's turnover on a consolidated basis soared by more than 49 percent from Rs 22.03 billion to Rs 32.91 billion. This was largely due to acqui
Published 06 May, 2016 12:00am
Bestway Cement: PAT grows 49 percent

Bestway Cement: PAT grows 49 percent

The Board of Directors at Bestway Cement Limited announced financial results for nine months to March, 2016. Bestway's turnover on a consolidated basis soared by more than 49 percent from Rs 22.03 billion to Rs 32.91 billion. This was largely due to acqui
Published 06 May, 2016 12:00am
FPCCI delegation briefed on SECP reforms
Cotton

FPCCI delegation briefed on SECP reforms

A delegation of the Federation of Pakistan Chambers of Commerce and Industries (FPCCI) headed by Chairman Co-ordination, Malik Sohail Hussain, Chief Executive, Trade Development Authority of Pakistan, S M Muneer and Vice President and Regional Chairman, M
Published 06 May, 2016 12:00am
FPCCI delegation briefed on SECP reforms
Cotton

FPCCI delegation briefed on SECP reforms

A delegation of the Federation of Pakistan Chambers of Commerce and Industries (FPCCI) headed by Chairman Co-ordination, Malik Sohail Hussain, Chief Executive, Trade Development Authority of Pakistan, S M Muneer and Vice President and Regional Chairman, M
Published 06 May, 2016 12:00am
HEC, SECP ink MoU on capital investment awareness

HEC, SECP ink MoU on capital investment awareness

The Higher Education Commission (HEC) and Securities and Exchange Commission of Pakistan (SECP) signed on Thursday a Memorandum of Understanding to foster partnership for increasing awareness about capital investment and encouraging youth towards entrepre
Published 06 May, 2016 12:00am
Government plans to send one million more workers abroad

Government plans to send one million more workers abroad

The government is planning to send around one million workers to other countries for work to achieve target of US $20 billion foreign remittances. Secretary, Ministry of Overseas Pakistanis and Human Resource Development, Khizer Hayat, said this at Senate
Published 06 May, 2016 12:00am
i2c announces new feature enhancements

i2c announces new feature enhancements

i2c Inc, a global provider of smarter payments and integrated commerce solutions, on Thursday announced new enhancements to card control and real-time alerts built into its payment processing platform. Alert and spending control features enabled at the pr
Published 06 May, 2016 12:00am
Ambreen murder case: at least 15 suspects arrested in Abbottabad

Ambreen murder case: at least 15 suspects arrested in Abbottabad

At least 15 suspects have been arrested in a connection with Ambreen murder case in Abbottabad on Thursday. According to sources, the victim a 17-year-old Ambreen was killed over the decision of local Jirga for supporting the alleged affair of Saima with
Published 06 May, 2016 12:00am
CEIF signs MoU with ISRA

CEIF signs MoU with ISRA

Centre for Excellence in Islamic Finance (CEIF), IMScience Peshawar, has signed a Memorandum of Standing (MoU) with International Shariah Research Academy (ISRA) for Islamic Finance, aiming at to look forward to a productive and wonderful partnership. In
Published 06 May, 2016 12:00am
Slapping a head constable: arrest warrants for Bukhari, his son issued

Slapping a head constable: arrest warrants for Bukhari, his son issued

The Islamabad Police on Thursday obtained arrest warrants for former Senate Chairman Nayyar Hussain Bukhari and his son for thrashing a policeman on May 4 at district courts. A senior official of the police said that civil judge Jawad Hussain Adil issued
Published 06 May, 2016 12:00am
Last prosecution witness in Benazir Bhutto murder case cross-examined

Last prosecution witness in Benazir Bhutto murder case cross-examined

The last prosecution witness in Benazir Bhutto murder case, former additional Director General of the Federal Investigation Agency (FIA), Mohammad Khalid Qureshi, was crossed examined in the Anti-Terrorism Court. In his statement recorded on Wednesday, Qu
Published 06 May, 2016 12:00am
Water for livelihood: work plan finalised for Chitral, Karak districts

Water for livelihood: work plan finalised for Chitral, Karak districts

A meeting on water for livelihood in Khyber Pakhtunkhwa was held at Planning & Development department in Civil Secretariat Peshawar on Thursday. Head of Swiss Development Corporation while briefing the meeting on this occasion revealed that work plan for
Published 06 May, 2016 12:00am
'Operation Combat' initiated against rodents in Peshawar

'Operation Combat' initiated against rodents in Peshawar

Since the fixing of head money for killing large rodents in the provincial capital of Khyber Pakhtunkhwa did not yield positive results, the district administration of Peshawar has now announced "operation combat" against rodents that had claimed the live
Published 06 May, 2016 12:00am
SECP holds session about electronic filing, VOSS in Gujranwala

SECP holds session about electronic filing, VOSS in Gujranwala

In order to create awareness about electronic filing system and the newly launched Virtual One Stop Shop (VOSS), the Securities and Exchange Commission of Pakistan (SECP) organised a seminar on "VOSS and mandatory online submission of returns and document
Published 06 May, 2016 12:00am
Exhibitions organised by TDAP: Senate body orders audit of expenditure

Exhibitions organised by TDAP: Senate body orders audit of expenditure

Senate Standing Committee on Commerce headed by Senator Shibli Faraz on Thursday ordered a thorough audit of the expenditure incurred on exhibitions organised by the Trade Development of Pakistan (TDAP) aimed at determining the way national exchequer was
Published 06 May, 2016 12:00am
Countrywide crackdown directed against encroachers on PR lands

Countrywide crackdown directed against encroachers on PR lands

A parliamentary panel on Thursday directed for a crackdown against the encroachers on 4246.9 acres of Pakistan Railways lands across the country. The Sub-Committee of the National Assembly Standing committee on Railways met with Ramesh Lal in the chair wh
Published 06 May, 2016 12:00am
Pakistan participates in UN International Bazaar in New York

Pakistan participates in UN International Bazaar in New York

A range of Pakistani products, both food and merchandise were on display and for sale at the annual United Nations International Bazaar held on Wednesday at UN Headquarters in New York. Braving cold weather and intermittent rain, a large number of people
Published 06 May, 2016 12:00am
ANF arrests 22 peddlers

ANF arrests 22 peddlers

Anti-Narcotic Force (ANF) Khyber Pakhtunkhwa on Thursday arrested more than 22 drug dealers during a drive against peddlers at different places of the provincial capital and recovered heroin from their possession. According to provincial ANF sources that
Published 06 May, 2016 12:00am
Mineral grease: valuations revised

Mineral grease: valuations revised

The Directorate General of Customs Valuation Karachi has revised customs values on the import of mineral grease from China, India, Korea, UAE and Iran. According to the valuation ruling number 830 of 2016 issued here on Thursday, the customs values of min
Published 06 May, 2016 12:00am
National Skill Show held

National Skill Show held

National Vocational and Technical Training Commission organised a National Skill Show in which hundreds of trainees participated and exhibited their skills in various trades. This initiative not only boosted the morale of the trainees but also created awa
Published 06 May, 2016 12:00am
18,000 litres of adulterated milk seized

18,000 litres of adulterated milk seized

Islamabad Capital Territory (ICT) administration on Thursday thwarted an attempt to supply 18,000 litres contaminated milk to outlets in the federal capital. An official said that the ICT team headed by magistrate Abdul Hadi along with officials of distri
Published 06 May, 2016 12:00am
Relief allowance: MoF hasn't agreed to proposal

Relief allowance: MoF hasn't agreed to proposal

The Finance Ministry reportedly has not agreed to the proposal of allowing merger of 50 percent ad hoc relief allowance into the basic pay scale of the federal government employees due to fiscal constraints, it was learnt on Thursday. Sources in the Finan
Published 06 May, 2016 12:00am
FPCCI for protection of locally-manufactured raw materials

FPCCI for protection of locally-manufactured raw materials

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested that the customs duty on all basic industrial raw materials that are not produced locally should be between 2 percent and 5 percent. It said that the locally manufactured raw m
Published 06 May, 2016 12:00am
SBBU holds seminar on human rights issues

SBBU holds seminar on human rights issues

The Federal Ministry of Human Rights in collaboration with Shaheed Benazir Bhutto University, Shaheed Benazirabad organised a seminar on Human Rights - Education and Sensitisation on Thursday under the Action Plan for Human Rights. The overall objective o
Published 06 May, 2016 12:00am
Seafood exports dip by $13.389 million in July-March Fiscal Year 2016

Seafood exports dip by $13.389 million in July-March Fiscal Year 2016

The country's seafood export declined by over five percent or $13.389 million to $240.108 million in July-March 2015-16, official figures showed. The seafood export in July-March 2015-16 remained 240.108 million as compared to exports of $253.497 million
Published 06 May, 2016 12:00am
President summons NA session on Monday

President summons NA session on Monday

President Mamnoon Hussain on Thursday summoned the 32nd Session of the National Assembly on 9th May, 2016 at 5:00 pm in the Parliament House, Islamabad. The President has summoned the National Assembly Session in exercise of powers conferred by clause (1)
Published 06 May, 2016 12:00am
SC tells CDA to submit report after getting government offices vacated

SC tells CDA to submit report after getting government offices vacated

The apex court Thursday asked the Capital Development Authority (CDA) to submit a compliance report after getting government offices vacated from residential areas of Islamabad. A three-member bench led by Justice Azmat Saeed Sheikh resumed hearing of the
Published 06 May, 2016 12:00am
BBIA to start flight operations from July 2017: PAC told
Currency

BBIA to start flight operations from July 2017: PAC told

New Benazir Bhutto International Airport will be completed by December 25, 2016 but will be opened to flight operations from July 2017. This was revealed by Director General Civil Aviation Authority (CAA) Air Marshal Asim Suleiman (Retd) to the Public Acc
Published 06 May, 2016 12:00am
Oil price spike could worsen BoP: expert
Currency

Oil price spike could worsen BoP: expert

A considerable decline in cheap external financing along with falling remittances may create a serious balance of payment (BoP) problems and bring the exchange rate under pressure in case of an increase in oil prices in the international market and a surg
Published 06 May, 2016 12:00am
K-Electric wins Safety Award

K-Electric wins Safety Award

K-Electric has won two national awards in recognition of its commitment to promote a safety culture within the organisation in line with global best practices. The power utility's first award is 'National Fire and Safety Award' received from National Foru
Published 06 May, 2016 12:00am
VC MUET for bringing all departments under OBE

VC MUET for bringing all departments under OBE

The Vice Chancellor Mehran University of Engineering and Technology Jamshoro Professor Dr Muhammad Aslam Uqaili has emphasised the need of bringing all departments of the university under Outcome Based Education and Accreditation System (OBE). The Pakista
Published 06 May, 2016 12:00am
MCC Gwadar claims to have collected Rs 3.51 billion duty

MCC Gwadar claims to have collected Rs 3.51 billion duty

Model Customs Collectorate (MCC), Gwadar on Thursday claimed to have collected Rs 3.51 billion customs duty, which is 348 percent higher than the target, during 10 months of current fiscal. According to the official statistics, the customs duty target of
Published 06 May, 2016 12:00am
MCC Gwadar claims to have collected Rs 3.51 billion duty

MCC Gwadar claims to have collected Rs 3.51 billion duty

Model Customs Collectorate (MCC), Gwadar on Thursday claimed to have collected Rs 3.51 billion customs duty, which is 348 percent higher than the target, during 10 months of current fiscal. According to the official statistics, the customs duty target of
Published 06 May, 2016 12:00am
Forex reserves fall by $2.2 million

Forex reserves fall by $2.2 million

The country's total liquid foreign exchange reserves fell by $2.2 million during last week. According to State Bank of Pakistan's (SBP) weekly report issued Thursday, the country's total liquid reserves declined to $20.788 billion as on April 29, 2016 com
Published 06 May, 2016 12:00am
Dismal leather export: PTA seeks PM's help

Dismal leather export: PTA seeks PM's help

Pakistan Tanners Association has sent an SOS to the authorities concerned, seeking their intervention after an alarming decline of about 43 percent in leather exports during the past three years. The association's emergent meeting on Thursday chaired by i
Published 06 May, 2016 12:00am
CM highlights criticality of efforts towards boosting rural economy

CM highlights criticality of efforts towards boosting rural economy

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the pivot of the politics of Pakistan Muslim League-N is the welfare of the common man. He said that today Pakistan is stronger economically as compared to 2013. He said under the leadership of P
Published 06 May, 2016 12:00am
President arrives in Multan, meets MCCI team

President arrives in Multan, meets MCCI team

President Mamnoon Hussain arrived in Multan by his special plane on Thursday. The president was received by Multan Division Commissioner and the district administration officials at Multan International airport. He was accompanied by Punjab Governor Malik
Published 06 May, 2016 12:00am
PFA confiscates unhygienic meat

PFA confiscates unhygienic meat

The Punjab Food Authority and the Punjab Livestock and Dairy Development Department have launched a joint a raid on meat shops at the Tollington Market and claimed to have confiscated 12 maunds of beef and 11 maunds of chicken meat. Thursday's raid saw th
Published 06 May, 2016 12:00am
By-polls on 12th: PTI candidate demands army deployment

By-polls on 12th: PTI candidate demands army deployment

PTI candidate for by-polls of constituency PK-8, Shahzad Khan has demanded for deployment of Pakistan Army at the sensitive polling stations during by-polls, which is scheduled to be held on May 12. He was speaking at a news conference at Peshawar press c
Published 06 May, 2016 12:00am
Three-day book fair opens

Three-day book fair opens

Spiritual leader, author and television personality Sarfraz Shah opened Pakistan's largest three-day book fair at the corridors of the Institute of Education and Research on Thursday. The Punjab University arranged the fair. Speaking with the media, Vice
Published 06 May, 2016 12:00am
Apex committee reviews implementation of NAP, TDPs' repatriation

Apex committee reviews implementation of NAP, TDPs' repatriation

Apex Committee of Khyber Pakhtunkhwa in its 45th meeting held with Governor Iqbal Zafar Jhagra in the chair on Thursday reviewed the implementation of National Action Plan and discussed matters related repatriation of displaced persons with special focus
Published 06 May, 2016 12:00am
Axact case: FIA granted one month to transfer data

Axact case: FIA granted one month to transfer data

The Supreme Court on Thursday granted a month to the Federal Investigation Agency (FIA) to transfer computer data and carry out forensic audit of Axact Private Limited, allegedly involved in issuing fake educational degrees. A two-member bench of the Just
Published 06 May, 2016 12:00am
Port Qasim berths: dockers end sit-in after sell-off postponed

Port Qasim berths: dockers end sit-in after sell-off postponed

The sit-in by hundreds of dock workers at Port Qasim against the privatisation of berths came to an end on Thursday after the ministry of port and shipping constituted a nine-member committee to sort resolve out the issue through dialogue. At least 1757 d
Published 06 May, 2016 12:00am
F-16s: Zardari concerned over US refusal to subsidise deal

F-16s: Zardari concerned over US refusal to subsidise deal

Former president Asif Ali Zardari on expressed concerns the other day over the US refusal to finance the sale of F-16 aircraft to Pakistan. Last week, the US Congress declined to finance the sale of F-16 precision strike aircraft to the Pakistani military
Published 06 May, 2016 12:00am
SECP will charge fee of Rs 500,000 from July 1

SECP will charge fee of Rs 500,000 from July 1

The Securities and Exchange Commission of Pakistan (SECP) from July 1, 2016, will charge a fee of Rs 500,000 for processing of application for relaxation from the requirements of Code of Corporate Governance and listed company supervisory fee would be 10
Published 06 May, 2016 12:00am
Drugs, gambling dens: crime branch restrained from carrying out raids

Drugs, gambling dens: crime branch restrained from carrying out raids

Inspector General (IG) Sindh A.D Khwaja has restrained the Crime Branch police from conducting any operations or raids against drug and gambling dens or other social evils. A Sindh Police spokesman said that the provincial chief has issued this direction
Published 06 May, 2016 12:00am
Ahsan rejects opposition's ToRs

Ahsan rejects opposition's ToRs

Federal Minister for Planning and Development Ahsan Iqbal on Thursday rejected the Terms of Reference (ToRs) of Opposition parties about Panama Leaks issue and said that the ToRs were not against the corruption. Talking to media at Islamia College Univers
Published 06 May, 2016 12:00am
US concerned at HR violations in Pakistan

US concerned at HR violations in Pakistan

The United States has said it is concerned about the allegations of gross violations of human rights in Pakistan by its security forces during its counterterrorism operations. "We have seen the reports of his (a local Pakistan leader's) death while in mil
Published 06 May, 2016 12:00am
HRCP launches annual report: extra-judicial killing is a crime

HRCP launches annual report: extra-judicial killing is a crime

Human Rights Commission of Pakistan (HRCP) on Thursday launched its annual report on "State of Human Rights in Pakistan" at Karachi Press Club. Speaking at the report launching ceremony, Asad Iqbal Butt, representative of the HRCP, said that the IGP Sindh
Published 06 May, 2016 12:00am
Afghan nationals among 50 held in Peshawar

Afghan nationals among 50 held in Peshawar

Police have claimed that they have arrested over 50 suspects including Afghan nationals during a search and strike operation in Hayatabad and Yakatoot areas here on Thursday and recovered arms and narcotics. According to sources two Kalashinkov assault ri
Published 06 May, 2016 12:00am
Non-duty-paid: cigarettes Rs 5 million tax/duty theft unearthed

Non-duty-paid: cigarettes Rs 5 million tax/duty theft unearthed

Directorate of Intelligence & Investigation Inland Revenue (IR) Faisalabad has unearthed the non-payment of duties/taxes to the tune of Rs 5 million imposed on the huge stocks of non-duty-paid cigarettes that they seized from premises/godown of cigarettes
Published 06 May, 2016 12:00am
Non-duty-paid: cigarettes Rs 5 million tax/duty theft unearthed

Non-duty-paid: cigarettes Rs 5 million tax/duty theft unearthed

Directorate of Intelligence & Investigation Inland Revenue (IR) Faisalabad has unearthed the non-payment of duties/taxes to the tune of Rs 5 million imposed on the huge stocks of non-duty-paid cigarettes that they seized from premises/godown of cigarettes
Published 06 May, 2016 12:00am
MQM activist's custodial death: PPP submits adjournment motion in Senate

MQM activist's custodial death: PPP submits adjournment motion in Senate

The PPP on Thursday submitted an adjournment motion in the Senate to discuss 'the implications of custodial death' at the hands f a law enforcing agency in Karachi the other day. The motion was submitted by Senator Farhatullah Babar. An MQM activist Aftab
Published 06 May, 2016 12:00am
'ToRs are not sacred'

'ToRs are not sacred'

This is apropos Business Recorder editorial "ToRs are not sacred" carried by the newspaper yesterday. The newspaper has concluded: "neither the government's ToRs nor the opposition's are written in stone and one hopes that the two sides will sit do
Published 06 May, 2016 12:00am
Saudi prince makes bold challenges to kingdom's old ways

Saudi prince makes bold challenges to kingdom's old ways

Saudi Deputy Crown Prince Mohammed bin Salman got a standing ovation when he visited a gathering of Saudi youth last month. Last week, after hearing about his economic plans in a meeting with religious leaders, one of the kingdom's most conservative sheik
Published 06 May, 2016 12:00am
The 'Kakar model'

The 'Kakar model'

One must admire Mian Nawaz Sharif (MNS) about how unlike Shahbaz Sharif he managed through the years to keep his immediate family out of political sight, and thus out of public mind. Begum Kulsoom Nawaz was very effective campaigning for MNS' freedom duri
Published 06 May, 2016 12:00am
Trail of hidden wealth
Exchange

Trail of hidden wealth

The members of 'House of Sharifs', who are facing allegations of tax avoidance, flight of capital, money laundering and corruption in the wake of the Panama Papers, claim "we have been billionaires since 1940s". However, returns filed by them with Federal
Published 06 May, 2016 12:00am
F-16 subsidy deal unlikely

F-16 subsidy deal unlikely

In a devastating blow to the ongoing operation Zarb-e-Azb the Obama administration has decided not to subsidize the sale of F-16 fighter jets to Pakistan, according to a senior US State Department official who was talking to a foreign news channel. This i
Published 06 May, 2016 12:00am
Rise in inflation
Exchange

Rise in inflation

It is quite depressing to see that the rate of inflation which was previously in control is on the rise once again. According to the latest data released by the Federal Bureau of Statistics (FBS), the headline inflation as measured by the Consumer Price I
Published 06 May, 2016 12:00am
Cheema made CEO Shell Pakistan

Cheema made CEO Shell Pakistan

Jawwad Cheema has been appointed as the chief executive officer/managing director of Shell Pakistan Limited, said a statement the multinational oil firm issued on Thursday. To take charge from August 1, Cheema would replace Omar Sheikh who is moving on to
Published 06 May, 2016 12:00am
Cheema made CEO Shell Pakistan

Cheema made CEO Shell Pakistan

Jawwad Cheema has been appointed as the chief executive officer/managing director of Shell Pakistan Limited, said a statement the multinational oil firm issued on Thursday. To take charge from August 1, Cheema would replace Omar Sheikh who is moving on to
Published 06 May, 2016 12:00am
Cheema made CEO Shell Pakistan

Cheema made CEO Shell Pakistan

Jawwad Cheema has been appointed as the chief executive officer/managing director of Shell Pakistan Limited, said a statement the multinational oil firm issued on Thursday. To take charge from August 1, Cheema would replace Omar Sheikh who is moving on to
Published 06 May, 2016 12:00am
Four dead in Saudi raid on 'terror' cell

Four dead in Saudi raid on 'terror' cell

Saudi police shot dead two suspected militants and two others blew themselves up during a raid near the holy city of Makkah on Thursday, the interior ministry said. "The terrorists started shooting towards security forces, which they responded to", leadin
Published 06 May, 2016 12:00am
Four dead in Saudi raid on 'terror' cell

Four dead in Saudi raid on 'terror' cell

Saudi police shot dead two suspected militants and two others blew themselves up during a raid near the holy city of Makkah on Thursday, the interior ministry said. "The terrorists started shooting towards security forces, which they responded to", leadin
Published 06 May, 2016 12:00am
The Weather

The Weather

The weather report on Thursday (May 05, 2016) and the forecast for Friday (May 06, 2016).

Published 06 May, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (May 05, 2016).

Published 06 May, 2016 12:00am
Britain''s BT Group to invest £6.0 billion to extend superfast Internet

Britain''s BT Group to invest £6.0 billion to extend superfast Internet

Telecoms and television broadcasting firm BT Group on Thursday said it planned to invest £6.0 billion ($8.7 billion, 7.6 billion euros) over three years to extend superfast Internet connections across Britain. The announcement comes as the British group,
Published 06 May, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (May 05, 2016).

Published 06 May, 2016 12:00am
Britain's BT Group to invest £6.0 billion to extend superfast Internet

Britain's BT Group to invest £6.0 billion to extend superfast Internet

Telecoms and television broadcasting firm BT Group on Thursday said it planned to invest £6.0 billion ($8.7 billion, 7.6 billion euros) over three years to extend superfast Internet connections across Britain. The announcement comes as the British group,
Published 06 May, 2016 12:00am
Britain's BT Group to invest £6.0 billion to extend superfast Internet

Britain's BT Group to invest £6.0 billion to extend superfast Internet

Telecoms and television broadcasting firm BT Group on Thursday said it planned to invest £6.0 billion ($8.7 billion, 7.6 billion euros) over three years to extend superfast Internet connections across Britain. The announcement comes as the British group,
Published 06 May, 2016 12:00am
Corporate bill: lawyer identifies pitfalls, helps thwart passage

Corporate bill: lawyer identifies pitfalls, helps thwart passage

Chairman Senate Standing Committee on Finance Saleem Mandviwala was unable to ensure the passage of the ''Corporate Rehabilitation Bill 2015'' due to opposition of the committee members subsequent to a briefing on the drawbacks of the proposed law by lawy
Published 06 May, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (May 05, 2016).

Published 06 May, 2016 12:00am
Corporate bill: lawyer identifies pitfalls, helps thwart passage

Corporate bill: lawyer identifies pitfalls, helps thwart passage

Chairman Senate Standing Committee on Finance Saleem Mandviwala was unable to ensure the passage of the 'Corporate Rehabilitation Bill 2015' due to opposition of the committee members subsequent to a briefing on the drawbacks of the proposed law by lawyer
Published 06 May, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (May 05, 2016)

Published 06 May, 2016 12:00am
Corporate bill: lawyer identifies pitfalls, helps thwart passage

Corporate bill: lawyer identifies pitfalls, helps thwart passage

Chairman Senate Standing Committee on Finance Saleem Mandviwala was unable to ensure the passage of the 'Corporate Rehabilitation Bill 2015' due to opposition of the committee members subsequent to a briefing on the drawbacks of the proposed law by lawyer
Published 06 May, 2016 12:00am
Bangladesh Jamaat-e-Islami leader to hang for 'war crimes'

Bangladesh Jamaat-e-Islami leader to hang for 'war crimes'

The leader of Bangladesh's Jamaat-e-Islami is set to hang within days after the Supreme Court on Thursday upheld his death sentence for war crimes. Motiur Rahman Nizami was convicted of murder, rape and orchestrating the killing of intellectuals in 1971.
Published 06 May, 2016 12:00am
Bangladesh Jamaat-e-Islami leader to hang for 'war crimes'

Bangladesh Jamaat-e-Islami leader to hang for 'war crimes'

The leader of Bangladesh's Jamaat-e-Islami is set to hang within days after the Supreme Court on Thursday upheld his death sentence for war crimes. Motiur Rahman Nizami was convicted of murder, rape and orchestrating the killing of intellectuals in 1971.
Published 06 May, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 05, 2016).

Published 06 May, 2016 12:00am
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