AGL 35.20 Decreased By ▼ -0.50 (-1.4%)
AIRLINK 123.23 Decreased By ▼ -10.27 (-7.69%)
BOP 5.04 Increased By ▲ 0.07 (1.41%)
CNERGY 3.91 Decreased By ▼ -0.12 (-2.98%)
DCL 8.15 Decreased By ▼ -0.27 (-3.21%)
DFML 44.22 Decreased By ▼ -3.18 (-6.71%)
DGKC 74.35 Decreased By ▼ -0.65 (-0.87%)
FCCL 24.47 Increased By ▲ 0.22 (0.91%)
FFBL 48.20 Increased By ▲ 2.20 (4.78%)
FFL 8.78 Decreased By ▼ -0.15 (-1.68%)
HUBC 145.85 Decreased By ▼ -8.25 (-5.35%)
HUMNL 10.85 Decreased By ▼ -0.15 (-1.36%)
KEL 4.00 Decreased By ▼ -0.06 (-1.48%)
KOSM 8.00 Decreased By ▼ -0.88 (-9.91%)
MLCF 32.80 Increased By ▲ 0.05 (0.15%)
NBP 57.15 Decreased By ▼ -0.65 (-1.12%)
OGDC 145.35 Increased By ▲ 2.55 (1.79%)
PAEL 25.75 Decreased By ▼ -0.26 (-1%)
PIBTL 5.76 Decreased By ▼ -0.16 (-2.7%)
PPL 116.80 Increased By ▲ 2.20 (1.92%)
PRL 24.00 Decreased By ▼ -0.15 (-0.62%)
PTC 11.05 Decreased By ▼ -0.42 (-3.66%)
SEARL 58.41 Increased By ▲ 0.41 (0.71%)
TELE 7.49 Decreased By ▼ -0.22 (-2.85%)
TOMCL 41.10 Decreased By ▼ -0.04 (-0.1%)
TPLP 8.31 Decreased By ▼ -0.36 (-4.15%)
TREET 15.20 Increased By ▲ 0.12 (0.8%)
TRG 55.20 Decreased By ▼ -4.70 (-7.85%)
UNITY 27.85 Decreased By ▼ -0.15 (-0.54%)
WTL 1.34 Decreased By ▼ -0.01 (-0.74%)
BR100 8,528 Increased By 68.1 (0.8%)
BR30 26,868 Decreased By -400.5 (-1.47%)
KSE100 81,459 Increased By 998 (1.24%)
KSE30 25,800 Increased By 331.7 (1.3%)
Sep 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-06-10
West Africa marks end of deadly Ebola outbreak

West Africa marks end of deadly Ebola outbreak

Liberia said Thursday it was free of Ebola, meaning there are now no known cases in west Africa of the tropical virus that has left more than 11,300 people dead in the region since late 2013. Liberia was the country worst hit with more than 4,800 Liberian
Published 10 Jun, 2016 12:00am
US apologises to Qatar over soldier video

US apologises to Qatar over soldier video

The US ambassador in Doha on Thursday formally apologised to Qatar after a video was posted online showing laughing American soldiers stationed in the Gulf allegedly insulting the emirate's flag. Dana Shell Smith took to Twitter to apologise and called on
Published 10 Jun, 2016 12:00am
Syria approves aid convoys to all 19 besieged areas: UN

Syria approves aid convoys to all 19 besieged areas: UN

Syria has given approval for humanitarian convoys to reach all of the country's 19 besieged areas by the end of the month, the UN said Thursday, while warning that "approval... does not mean delivery". "We were informed by our team in Damascus that basica
Published 10 Jun, 2016 12:00am
Swiss fighter crashes in Netherlands ahead of air show

Swiss fighter crashes in Netherlands ahead of air show

A Swiss fighter crashed and burst into flames in the northern Netherlands Thursday after hitting another jet during a training session before an air show, officials said. "Two Tiger F-5E plans from the Patrouille Suisse collided this afternoon during a tr
Published 10 Jun, 2016 12:00am
Baghdad area suicide attacks kill at least 18

Baghdad area suicide attacks kill at least 18

Two suicide bomb attacks near the entrance of a military base north of Baghdad and by a market in the Iraqi capital killed at least 18 people Thursday, police said. Both explosions, claimed by the Islamic State jihadist group, occurred at around 9:00 am (
Published 10 Jun, 2016 12:00am
Libya unity government forces enter IS bastion

Libya unity government forces enter IS bastion

Libya's unity government forces fought their way into the Islamic State jihadist group's stronghold of Sirte on Thursday in a land, air and sea operation to recapture the city, a spokesman said. The United States confirmed the advance on the city, the hom
Published 10 Jun, 2016 12:00am
17 people an hour die in road accidents in India

17 people an hour die in road accidents in India

India's transport ministry admitted Thursday it has so far failed to improve road safety but said it was pushing for stricter laws, as new figures revealed 17 people die in traffic accidents every hour. Transport minister Nitin Gadkari acknowledged an urg
Published 10 Jun, 2016 12:00am
EU, Germany hit back at Erdogan in 'genocide' row

EU, Germany hit back at Erdogan in 'genocide' row

German politicians hit back Thursday at Turkey's president for accusing lawmakers of Turkish origin of having "tainted blood" in a row over whether the Ottoman Empire committed genocide in World War I. President Recep Tayyip Erdogan reacted furiously afte
Published 10 Jun, 2016 12:00am
Israel clamps down after deadly Tel Aviv cafe attack

Israel clamps down after deadly Tel Aviv cafe attack

Israel clamped down on Palestinian movements and planned to deploy more troops Thursday after Palestinian gunmen shot dead four people at a popular Tel Aviv night-spot, the deadliest attack in a months-long wave of violence. Surveillance video seemingly f
Published 10 Jun, 2016 12:00am
Lagos floating school collapses in heavy rains

Lagos floating school collapses in heavy rains

A landmark floating school that provided classes to children on a lagoon in Nigeria's biggest city, Lagos, has collapsed during heavy rains, its headteacher said on Thursday. "The structure collapsed at around 10:00 am (0900 GMT) on Tuesday following a ra
Published 10 Jun, 2016 12:00am
Pilot killed as Russian military plane crashes near Moscow

Pilot killed as Russian military plane crashes near Moscow

A Russian military pilot was killed Thursday after his fighter jet crashed near Moscow, the defence ministry announced, with sources saying the warplane belonged to the air force's aerobatic display team. The Su-27 aircraft did not have any weapons onboar
Published 10 Jun, 2016 12:00am
Germany failing to protect refugee shelters: Amnesty

Germany failing to protect refugee shelters: Amnesty

Human rights group Amnesty International called on Germany Thursday to better protect shelters for migrants and refugees after a spate of racist attacks. Amnesty's Germany branch warned in a report that the country has no uniform plan to protect such faci
Published 10 Jun, 2016 12:00am
Sindh local councils: polling for mayors, deputy mayors on June 29: ECP

Sindh local councils: polling for mayors, deputy mayors on June 29: ECP

The Election Commission on Thursday announced that the polling for filling up the seats of Chairman/Vice Chairman and Mayor/Deputy Mayor, in District Councils, Municipal Committees, Town Committees, Municipal Corporation, District Municipal Corporations a
Published 10 Jun, 2016 12:00am
Panama leaks: PPP must not lose focus on transparent probe: Zardari

Panama leaks: PPP must not lose focus on transparent probe: Zardari

Opposition leader in the National Assembly Syed Khurshid Shah on Thursday met Pakistan People's Party (PPP) co-chairman Asif Ali Zardari in Dubai. During the meeting, matters pertaining to the Terms of Reference (ToRs) for a commission to investigate the
Published 10 Jun, 2016 12:00am
Employees: PSM management sets aside PC's instructions

Employees: PSM management sets aside PC's instructions

The incumbent management team of Pakistan Steel Mills (PSM) representing Secretary Ministry of Industries and Production/CEO PSM has reportedly set aside the instructions of Privatisation Commission (PC) with regard to removal of contract employees and da
Published 10 Jun, 2016 12:00am
Chinese Prime Minister extends best wishes for speedy recovery of Nawaz

Chinese Prime Minister extends best wishes for speedy recovery of Nawaz

Chinese Premier Li Keqiang while expressing his pleasure over the successful operation of Prime Minister Nawaz Sharif has conveyed his best wishes for the speedy recovery of the Prime Minister. According to a press release issued by the Ministry of Foreig
Published 10 Jun, 2016 12:00am
ORIC signs MoU with IRP to bridge gap

ORIC signs MoU with IRP to bridge gap

Punjab University Office of Research Innovation & Commercialisation (ORIC) has signed a Memorandum of Understanding (MoU) with Institute of Research Promotion (IRP) to bridge the gap between industrial, commercial sector and academia.
Published 10 Jun, 2016 12:00am
'I want justice': husband of teen murdered for honour

'I want justice': husband of teen murdered for honour

The husband of a 16-year-old girl who was murdered by her family for marrying him vowed Thursday to do whatever it took to get justice for his young wife. Zeenat Bibi was set on fire Wednesday, a little over a week after she wed 20-year-old motorcycle mec
Published 10 Jun, 2016 12:00am
'Unjustifiable profiteering in Ramazan will not be tolerated'

'Unjustifiable profiteering in Ramazan will not be tolerated'

The Punjab Agriculture Minister Dr Farrukh Javed has warned that unjustifiable profiteering will not be tolerated especially during the sacred month of Ramazan. He also warned that those caught involved in illegal profiteering will be behind the bars. The
Published 10 Jun, 2016 12:00am
Punjab government to utilise services of Mckinsey & Company: minister

Punjab government to utilise services of Mckinsey & Company: minister

Provincial Minister for Labour & Human Resource Raja Ashfaq Sarwar has said that Punjab government will fully utilise the services of well-known international advocacy firm Mckinsey & Company for skill training, accreditation and employment of two million
Published 10 Jun, 2016 12:00am
LCCI for exempting continuous process industry from loadshedding

LCCI for exempting continuous process industry from loadshedding

Continuous process industry should be exempted from load shedding as about eleven hours power suspension would spoil the whole process and would lead to a complete closure of this industry. The Lahore Chamber of Commerce and Industry (LCCI) President Shei
Published 10 Jun, 2016 12:00am
'Healthcare system being strengthened in Punjab'

'Healthcare system being strengthened in Punjab'

Advisor to Chief Minister Punjab on Health Kh Salman Rafique has said that provision of quality healthcare facilities to the remote districts is the prime target of the government for which primary and secondary healthcare system is being strengthened.
Published 10 Jun, 2016 12:00am
Brain tumours curable if detected at early stage: experts

Brain tumours curable if detected at early stage: experts

'World Brain Tumour Day-2016' was observed here like other parts of the country and rest of the world with a resolve to continue efforts for early detection of brain tumours by raising awareness among public. To mark the day, different organisations arran
Published 10 Jun, 2016 12:00am
JI concerned at India's bid to become member of NSG

JI concerned at India's bid to become member of NSG

Chief of Jamaat-e-Islami, Senator Sirajul Haq has said that the Nuclear Suppliers Group's membership for India would be a grave threat to regional peace and stability. Talking to media men, here on Thursday, he said that the US wanted to build India as th
Published 10 Jun, 2016 12:00am
Nowshera residents protest unscheduled power outages

Nowshera residents protest unscheduled power outages

The residents of Nowshera Kalan along with their elected representatives on Thursday protested against excessive unscheduled electricity load shedding and blocked main road for all kind of vehicular traffic for hours.
Published 10 Jun, 2016 12:00am
Tax-evading cigarette manufacturers: Sale of tobacco increases

Tax-evading cigarette manufacturers: Sale of tobacco increases

The sale of tobacco to tax-evading cigarette manufacturers has shown an increase in the domestic market, which caused delayed in payments to the farmers and huge revenue loss to the Federal Board of Revenue (FBR) in the form of unpaid amount of Sales Tax/
Published 10 Jun, 2016 12:00am
Tax-evading cigarette manufacturers: Sale of tobacco increases

Tax-evading cigarette manufacturers: Sale of tobacco increases

The sale of tobacco to tax-evading cigarette manufacturers has shown an increase in the domestic market, which caused delayed in payments to the farmers and huge revenue loss to the Federal Board of Revenue (FBR) in the form of unpaid amount of Sales Tax/
Published 10 Jun, 2016 12:00am
FPCCI for streamlining DPP Peshawar office

FPCCI for streamlining DPP Peshawar office

While reacting to complaints of fruit and vegetable exporters the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) demanded the appointing of a dedicated person as in-charge at the Department of Plant Protection (DPP), Peshawar Office to s
Published 10 Jun, 2016 12:00am
High-loss feeders: Pesco resumes pre-Ramazan loadshedding schedule

High-loss feeders: Pesco resumes pre-Ramazan loadshedding schedule

Peshawar Electric Supply Company (Pesco) has resumed pre-Ramazan load shedding schedule for the high loss feeders after negotiations with the representatives of protesters failed. The consumers of high-loss feeders first protested but later negotiated wit
Published 10 Jun, 2016 12:00am
Hattar Economic Zone given SEZ status

Hattar Economic Zone given SEZ status

The Federal government has approved the Special Economic Zone status for Hattar Economic Zone (HEZ), besides giving income tax holiday for a decade and one time duty free on import of capital goods to all industrialists investing in the HEZ. Due to effort
Published 10 Jun, 2016 12:00am
Rs 109.42 million earmarked for NACTA

Rs 109.42 million earmarked for NACTA

The government has earmarked a sum of Rs 109.42 million for the National Counter Terrorism Authority (NACTA) in the budget 2016-17 against the total demand of Rs 1.86 billion for its different departments. However, a supplementary grant of Rs 1.110 billio
Published 10 Jun, 2016 12:00am
KP to present budget on June 14

KP to present budget on June 14

The Khyber Pakhtunkhwa Annual Budget for the fiscal year 2016-17 will be presented in the Provincial Assembly of Khyber Pakhtunkhwa on Tuesday, the June 14, 2016 at 1600 hours instead of 6th June, 2016, says a notification issued here by the provincial As
Published 10 Jun, 2016 12:00am
KP to present budget on June 14

KP to present budget on June 14

The Khyber Pakhtunkhwa Annual Budget for the fiscal year 2016-17 will be presented in the Provincial Assembly of Khyber Pakhtunkhwa on Tuesday, the June 14, 2016 at 1600 hours instead of 6th June, 2016, says a notification issued here by the provincial As
Published 10 Jun, 2016 12:00am
CTD Swat arrests wanted terrorist

CTD Swat arrests wanted terrorist

Counter Terrorism Department of Police, Malakand Region arrested an alleged wanted terrorist from Chotial area of Tehsil Matta, Swat. According to CTD spokesperson Malakand Region, the personnel of Counter Terrorism Department carried out intelligence bas
Published 10 Jun, 2016 12:00am
KP governor for better performance of GIT

KP governor for better performance of GIT

KP Governor Iqbal Zafar Jhagra has emphasised the need to further improve the performance of the Governor Inspection Team (GIT) and directed to further enhance its capacity and efficiency. He said this while presiding over a briefing of Governor Inspectio
Published 10 Jun, 2016 12:00am
Zardari condemns murder of Amanullah Achakzai

Zardari condemns murder of Amanullah Achakzai

Former President Asif Ali Zardari has condemned the targeted assassination of Principal University Law College Quetta Barrister Amanullah Achakzai by unidentified assailants Wednesday morning. Condemning the targeted killing the former President demanded
Published 10 Jun, 2016 12:00am
Price control: minister visits Ramazan bazaars, praises PCCs' efforts

Price control: minister visits Ramazan bazaars, praises PCCs' efforts

Minister for Agriculture Dr Farrukh Javed paid surprise visit to Johar Town and Town Ship Ramzan Bazaars Thursday and checked the quality of food items on different stalls. While talking to the media representatives he said that due to efforts of price co
Published 10 Jun, 2016 12:00am
Honour killing is worst example of brutality: minister

Honour killing is worst example of brutality: minister

Provincial Minister for Human Rights Khalil Tahir Sindhu has said that honour killing is the worst example of brutality and bestiality, our society does not allow anyone for such a brutal act. Murder of daughter by her mother is a desecration of sacred bo
Published 10 Jun, 2016 12:00am
CM Punjab directs officials to ensure relief in Ramazan

CM Punjab directs officials to ensure relief in Ramazan

Punjab Chief Minister Muhammad Shahbaz Sharif has said that government of Pakistan Muslim League-N has given Ramazan Package of billions of rupees for the provision of relief to the masses during Ramazan ul Mubarak, under which, quality essential items li
Published 10 Jun, 2016 12:00am
House of disable lady in UK vacated

House of disable lady in UK vacated

As a result of the efforts of Overseas Pakistanis Commission (OPC) Punjab, house of a disable overseas Pakistani lady living in London has been vacated from the illegal occupant.
Published 10 Jun, 2016 12:00am
PML-N leader's Iran visit will cement ties: analysts

PML-N leader's Iran visit will cement ties: analysts

PML-N leader's visit to Iran following an invitation by the Iranian Foreign Ministry could cement relations between the neighbouring countries, analysts believed. They believed the visit a few days ago came in the background of a volatile development seei
Published 10 Jun, 2016 12:00am
Sarwar wants introduction of anti-women burning law

Sarwar wants introduction of anti-women burning law

Pakistan Tehreek-e-Insaf leader Chaudhry Muhammad Sarwar has urged the government to introduce legislation for punishing those setting women on fire. The Punjab-based party man and a former governor, talking to different delegations in his office on Thurs
Published 10 Jun, 2016 12:00am
Three SW tehsils: special anti-polio drive concludes

Three SW tehsils: special anti-polio drive concludes

Special anti-polio campaign launched by EOC Fata in recently de-notified three tehsils of South Waziristan has successfully completed. De-notification of Serwakai, Saraogha and Ladha by the government came at the end of May 2016 in response to which EOC F
Published 10 Jun, 2016 12:00am
Illegal use of electricity causing load-shedding: Pesco

Illegal use of electricity causing load-shedding: Pesco

Illegal use of electricity is causing load-shedding problems and hindrance in the smooth supply must be removed in the public interest. According to a spokesman of PESCO, in few areas of Khyber Pukhtoonkhwa the direct hooks and illegal use of electricity
Published 10 Jun, 2016 12:00am
Three plants of 56 megawatts to become functional this year: Qaiser

Three plants of 56 megawatts to become functional this year: Qaiser

Speaker, Khyber Pakhtunkhwa Assembly, Asad Qaiser has said that three energy projects will be completed this year in the province. The projects will collectively generate 56 Megawatt of electricity. He was addressing a seminar regarding China Pakistan Eco
Published 10 Jun, 2016 12:00am
Re-verification of CNICs: Nisar for strict observance of timelines

Re-verification of CNICs: Nisar for strict observance of timelines

The Interior Minister Chaudhry Nisar Ali Khan pressed NADRA to ensure that set timelines are strictly followed for launch of the CNIC re-verification drive across Pakistan. The minister directed NADRA chairman to speed up putting in place the required sys
Published 10 Jun, 2016 12:00am
Nisar appreciates PCG's performance

Nisar appreciates PCG's performance

Interior Minister Chaudhry Nisar Ali Khan appreciated the performance of Pakistan Coast Guard (PCG) for its role in seizing large quantity of narcotics, apprehending illegal immigrants and limiting the smuggling of Iranian diesel and petrol in coastal are
Published 10 Jun, 2016 12:00am
Hesco loan management plan rejected

Hesco loan management plan rejected

The Chairman Hyderabad SITE Association and the management committee while expressing their strong reaction to ten-hour long continuous loadshedding in the industrial area have rejected the load management plan of Hyderabad Electric Supply Company and dem
Published 10 Jun, 2016 12:00am
YDA, paramedics continue protest in Quetta

YDA, paramedics continue protest in Quetta

Young Doctors and Paramedics Association have continued their protest on 15th day in Quetta for the acceptance of demands on Thursday. The doctors across the province have boycotted OPDs and emergencies for about two months while the local administration
Published 10 Jun, 2016 12:00am
PSO, CERIECO ink fuel supply deal

PSO, CERIECO ink fuel supply deal

Pakistan State Oil (PSO) has signed an agreement with China East Resource Import and Export Corporation (CERIECO) to maintain seamless supply of high speed diesel (HSD) to Thar Mining Project Block II. The deal is of a major significance as it ensures uni
Published 10 Jun, 2016 12:00am
Mango export: government urged to address Iran's objections

Mango export: government urged to address Iran's objections

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that Pakistan's mango trade with Iran seems to be under threat due to the negligence of authorities who are not following due procedures, hitting efforts to boost e
Published 10 Jun, 2016 12:00am
JazzCash to offer Health Insurance with TPL Direct Insurance

JazzCash to offer Health Insurance with TPL Direct Insurance

JazzCash has announced the launch of Sehat Sahulat, an affordable health insurance service, in partnership with TPL Direct Insurance for its Mobile Account Customers. This service offers access to quality health insurance to customers in emergency situati
Published 10 Jun, 2016 12:00am
SBI demands provision of basic infrastructure to SEZ

SBI demands provision of basic infrastructure to SEZ

The Sindh Board of Investment (SBI), Chairperson Naheed Memon has criticised the government for not providing basic infrastructure and amenities to the three existing Special Economic Zones (SEZs) that were approved by the federal government in 2014. Acco
Published 10 Jun, 2016 12:00am
Pakistan's foreign exchange reserves fall by $335 million

Pakistan's foreign exchange reserves fall by $335 million

The country's total liquid foreign exchange reserves fell by $335 million during last week mainly due to debt payment. According to State Bank of Pakistan's (SBP) weekly forex report issued Thursday, the country's total liquid foreign exchange reserves st
Published 10 Jun, 2016 12:00am
SECP invites comments on framework for guarantee business

SECP invites comments on framework for guarantee business

In order to consult the stakeholders, the Securities and Exchange Commission of Pakistan (SECP) has issued Draft Credit and Suretyship (Conduct of Business) Rules, 2016 vide SRO 511(I)/2016. The draft rules are aimed at formulating a comprehensive framewo
Published 10 Jun, 2016 12:00am
DC Hyderabad visits markets

DC Hyderabad visits markets

Deputy Commissioner Hyderabad, Moatasim Abbasi, visited different markets of the city to check prices of daily use items and directed the traders and shop keepers to comply with the rate list issued by the district administration.
Published 10 Jun, 2016 12:00am
Secrete agencies, policemen: Sindh CM approves Rs 100 million reward

Secrete agencies, policemen: Sindh CM approves Rs 100 million reward

Sindh Chief Minister Syed Qaim Ali Shah has said that some vested interest and criminal elements want to create law and order situation in the city but "I would not allow anybody to shed water on the sacrifices of our law enforcement agencies' personnel w
Published 10 Jun, 2016 12:00am
SC urged to stall proceedings of committee on TORs

SC urged to stall proceedings of committee on TORs

The Supreme Court was urged on Thursday to direct the Chairman Senate and Speaker National Assembly to restrain the Committee from any further proceedings in relation to Commission on Panama papers till the decision of four questions of law in the matter.
Published 10 Jun, 2016 12:00am
Loadshedding: Nepra asks team to visit Karachi

Loadshedding: Nepra asks team to visit Karachi

National Electric Power Regulatory Authority (Nepra) has taken a serious notice of unscheduled and long duration of load shedding in the city and directed Nepra's technical team to visit Karachi and compile a report on the existing situation. The team wil
Published 10 Jun, 2016 12:00am
CDA launches operation against guest houses

CDA launches operation against guest houses

In continuation of its anti-encroachment campaign against illegal business and encroachments, the Capital Development Authority (CDA) on Thursday carried out operation in different areas of the city against guest houses. Following the directives of the Su
Published 10 Jun, 2016 12:00am
OECD membership to help tighten screws on tax evaders: Dar tells Senate

OECD membership to help tighten screws on tax evaders: Dar tells Senate

Finance Minister Ishaq Dar on Thursday told Senate that Pakistan had applied for the membership of Organisation for Economic Cooperation and Development (OECD) that would help access to the tax evaders in the member countries of the global organisation. D
Published 10 Jun, 2016 12:00am
Quaid-e-Azam Apparel Park given status of SEZ

Quaid-e-Azam Apparel Park given status of SEZ

The Board of Investment (BoI), government of Pakistan has approved to grant the status of special economic zone (SEZ) as part of its plan to promote investment in the country. Chairman Punjab Industrial Estate Development and Management Company (PIEDMC) M
Published 10 Jun, 2016 12:00am
Fundamental taxation flaws must be removed: PBC

Fundamental taxation flaws must be removed: PBC

The Pakistan Business Council (PBC) has sent a set of post budget proposals to the Federal Finance Minister Ishaq Dar, seeking review of several tax measures announced in his 3 June budget speech. In the letter to Finance Minister Ishaq Dar, PBC said, the
Published 10 Jun, 2016 12:00am
Protest against non-availability of power, water held

Protest against non-availability of power, water held

Residents of Yousaf Goth in Karachi protested against the non-availability of water and electricity in their area on Thursday. Hundreds of people gathered at Hub River Road and blocked it for traffic due to which an intense traffic jam occurred. The prote
Published 10 Jun, 2016 12:00am
Thunderstorm, rain likely in parts of Punjab, KP, FATA

Thunderstorm, rain likely in parts of Punjab, KP, FATA

The Met Office on Thursday predicted thunderstorm and rain with strong gusty winds would hit scattered places in central parts and upcountry in the next 24 hours. The stormy weather is likely to strike Hazara, Rawalpindi, Gujranwala, and Lahore divisions,
Published 10 Jun, 2016 12:00am
Asim's wife admitted to London hospital

Asim's wife admitted to London hospital

Dr Zareen Hussain the wife of Dr Asim Hussain who is suffering from cancer was admitted to hospital in London on the advice of her doctors. A spokesman for Dr Asim said, Dr Zareen Hussain the wife of Dr Asim is suffering from cancer and her condition is f
Published 10 Jun, 2016 12:00am
Ombudsman's man asks KE to avoid carrying out load-shedding

Ombudsman's man asks KE to avoid carrying out load-shedding

Muhammad Yameen, Advisor to Federal Ombudsman's Regional Office has asked K-Electric to void load-shedding and overbilling in the month of Ramazan. He said this while conducting hearings of various complaints submitted by residents of Landhi, Korangi, Mal
Published 10 Jun, 2016 12:00am
ABC terms budget 'continuation of status quo'

ABC terms budget 'continuation of status quo'

American Business Council of Pakistan (ABC) viewed the Federal Budget 2016-17 as a continuation of the status quo with respect to overall policy reform. While ABC members welcomed the government decision to extend tax incentives, under Section 65d on new
Published 10 Jun, 2016 12:00am
ABC terms budget 'continuation of status quo'

ABC terms budget 'continuation of status quo'

American Business Council of Pakistan (ABC) viewed the Federal Budget 2016-17 as a continuation of the status quo with respect to overall policy reform. While ABC members welcomed the government decision to extend tax incentives, under Section 65d on new
Published 10 Jun, 2016 12:00am
Islamic Center into cinema house: SC concerned over conversion

Islamic Center into cinema house: SC concerned over conversion

Expressing concern over the conversion of an Islamic Center into cinema house in Karachi, the top court hinted at deciding whether the center could be turned into a cinema. A three member judge bench led by the Chief Justice Anwar Zaheer Jamali on Thursda
Published 10 Jun, 2016 12:00am
Countrywide operations: ANF recovers narcotics worth Rs 1.12 billion

Countrywide operations: ANF recovers narcotics worth Rs 1.12 billion

ANF in 15 countrywide operations recovered 1.86 tons of Narcotics worth Rs 1.12 Billion in international market. The recovered drugs comprised 1.847 tons of Hashish, 5.6 Kg Amphetamine, 950 gram Methamphetamine, 1 Kg Heroin and 7.2 Kg Opium. During these
Published 10 Jun, 2016 12:00am
Allocation for Gwadar airport thru PSDP?

Allocation for Gwadar airport thru PSDP?

This is apropos a Business Recorder news item "100pc funding of Gwadar airport project by China: Why is there PSDP allocation?" carried by the newspaper yesterday. It has been stated that the Chinese government is fully funding the entire construct
Published 10 Jun, 2016 12:00am
US may turn to Canada for help with new Nato force in east Europe

US may turn to Canada for help with new Nato force in east Europe

The United States could turn to Canada to help it establish a new Nato force in eastern Europe as a deterrent against Russia because it is struggling to win support from its European allies, diplomats say. Despite its show of force with a military exercis
Published 10 Jun, 2016 12:00am
Chahbahar and Gwadar

Chahbahar and Gwadar

What a coincidence of history that Alexander the Great 2500 years ago followed roughly the China-Pakistan Economic Corridor (CPEC) down the Indus before marching west along the coast to Tiz (later renamed Tis), an ancient port between Chahbahar and Gwadar
Published 10 Jun, 2016 12:00am
Finance Bill 2016: More oppressive taxes - I

Finance Bill 2016: More oppressive taxes - I

The Finance Bill 2016, presented on June 3, 2016 along with annual budget, by the Finance Minister, is the worst one can think of in terms of imposing oppressive taxes that are bound to retard growth in the frenzy of showing "extraordinary" revenue collec
Published 10 Jun, 2016 12:00am
Looming isolation

Looming isolation

The top civil and military leadership met at GHQ in the absence of Prime Minister Nawaz Sharif to review Afghan policy and challenges to the China Pakistan Economic Corridor (CPEC). Observers considered it an "extraordinary" meeting convened by CoAS Gener
Published 10 Jun, 2016 12:00am
Public debt a source of concern

Public debt a source of concern

The budget speech delivered by Finance Minister Ishaq Dar on the floor of the House on 3rd June made no mention of the upsurge in total public debt and therefore did not deal with rising concerns about its sustainability voiced by several independent econ
Published 10 Jun, 2016 12:00am
Minister's apology fails to quell National Assembly uproar

Minister's apology fails to quell National Assembly uproar

The opposition on Thursday refused to accept an unconditional apology of Minister for Water and Power Khawaja Asif over his highly objectionable remarks and staged a walkout from the National Assembly. Federal Minister for Water and Power Khawaja Asif app
Published 10 Jun, 2016 12:00am
Minister's apology fails to quell National Assembly uproar

Minister's apology fails to quell National Assembly uproar

The opposition on Thursday refused to accept an unconditional apology of Minister for Water and Power Khawaja Asif over his highly objectionable remarks and staged a walkout from the National Assembly. Federal Minister for Water and Power Khawaja Asif app
Published 10 Jun, 2016 12:00am
IA for RLNG-based power projects approved by PPIB

IA for RLNG-based power projects approved by PPIB

The Private Power and Infrastructure Board (PPIB) Thursday approved the Implementation Agreement (IA) for RLNG-based power projects in public sector. This is part of the Clean, Affordable and Reliable Energy (CARE) initiative of the government of Pakistan
Published 10 Jun, 2016 12:00am
IA for RLNG-based power projects approved by PPIB

IA for RLNG-based power projects approved by PPIB

The Private Power and Infrastructure Board (PPIB) Thursday approved the Implementation Agreement (IA) for RLNG-based power projects in public sector. This is part of the Clean, Affordable and Reliable Energy (CARE) initiative of the government of Pakistan
Published 10 Jun, 2016 12:00am
IA for RLNG-based power projects approved by PPIB

IA for RLNG-based power projects approved by PPIB

The Private Power and Infrastructure Board (PPIB) Thursday approved the Implementation Agreement (IA) for RLNG-based power projects in public sector. This is part of the Clean, Affordable and Reliable Energy (CARE) initiative of the government of Pakistan
Published 10 Jun, 2016 12:00am
Loadshedding will end by 2018: Asif

Loadshedding will end by 2018: Asif

Minister for Water and Power Khawaja Muhammad Asif has said that by 2018 load shedding will completely be eliminated from the country. He was speaking to a carefully selected gathering of civil society, media persons, staff of international financial inst
Published 10 Jun, 2016 12:00am
Loadshedding will end by 2018: Asif

Loadshedding will end by 2018: Asif

Minister for Water and Power Khawaja Muhammad Asif has said that by 2018 load shedding will completely be eliminated from the country. He was speaking to a carefully selected gathering of civil society, media persons, staff of international financial inst
Published 10 Jun, 2016 12:00am
Loadshedding will end by 2018: Asif

Loadshedding will end by 2018: Asif

Minister for Water and Power Khawaja Muhammad Asif has said that by 2018 load shedding will completely be eliminated from the country. He was speaking to a carefully selected gathering of civil society, media persons, staff of international financial inst
Published 10 Jun, 2016 12:00am
Previous Day