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Print - 2016-08-04
Pakistan, Turkmenistan entering into a new era: Speaker NA

Pakistan, Turkmenistan entering into a new era: Speaker NA

Speaker National Assembly Sardar Ayaz Sadiq has said that Pakistan is set to open a new chapter in vibrant Pak-Turkmenistan inter-Parliamentary relations. He was speaking to the Chairperson Turkmenistan's Parliamentary delegation led by his counterpart Mr
Published 04 Aug, 2016 12:00am
Five militants killed

Five militants killed

At least five militants were killed in a clash with security forces near Kailash valley in Chitral on Wednesday. According to security sources, an exchange of firing took place between security personnel and terrorists near Pakistan-Afghan border that cla
Published 04 Aug, 2016 12:00am
Child abduction: SC sets up body to submit report by August 25

Child abduction: SC sets up body to submit report by August 25

A Supreme Court bench here Wednesday constituted a committee to inquire about recovery of kidnapped kids and submit report till August 25. The advocate general, Punjab is head of the committee which would submit report about the miseries of the parents. B
Published 04 Aug, 2016 12:00am
Future of Pak-Turk schools: PPP submits calling attention notice in NA

Future of Pak-Turk schools: PPP submits calling attention notice in NA

Pakistan People's Party (PPP) on Wednesday submitted a Calling Attention Notice with the National Assembly to draw the attention of Minister for Foreign Affairs towards the uncertainty about the future of Pak-Turk schools in Pakistan. PPP MNAs Dr Azra Faz
Published 04 Aug, 2016 12:00am
Rental power dispute: ICSID completes hearing

Rental power dispute: ICSID completes hearing

International Centre for Settlement of Investment Disputes (ICSID) has completed hearing on a dispute between Government of Pakistan (GoP) and a Turkish firm M/s Karkey Karadeniz Elektrik Uretim A.S and is expected to award the case in a couple of months,
Published 04 Aug, 2016 12:00am
Indonesian diplomat visits TUF

Indonesian diplomat visits TUF

Mr Iwan Suyudhie Amri, Ambassador of the Republic of Indonesia for the Islamic Republic of Pakistan, visited The University of Faisalabad (TUF). Speaking on the occasion Mr Iwan Suyudhie Amri expressed that Pakistan and Indonesia have deep rooted religiou
Published 04 Aug, 2016 12:00am
Partly Facetious: Psychological problems stem from variety of factors

Partly Facetious: Psychological problems stem from variety of factors

"How would you define psychological problems?" "Well, that's a broad statement - psychological problems stem from a variety of factors for example chemical imbalances in the brain, childhood experiences, heredity, illnesses, prenatal exposures, stress, de
Published 04 Aug, 2016 12:00am
Company head office raided for tax evasion

Company head office raided for tax evasion

Directorate General of Intelligence and Investigation Inland Revenue, Islamabad has conducted a raid on Head Office of a company in Chakwal with the help of local police and decided to register an FIR against the unit for committing tax fraud. Sources tol
Published 04 Aug, 2016 12:00am
Ahsan underscores need for undertaking joint CPEC projects

Ahsan underscores need for undertaking joint CPEC projects

Federal Minister for Planning, Development and Reform Ahsan Iqbal said that scientific collaboration and sharing of knowledge, research and ideas between Pakistan and China is critical for success of China-Pakistan Economic Corridor (CPEC) and further boo
Published 04 Aug, 2016 12:00am
Sherry for declaring 'national health emergency'

Sherry for declaring 'national health emergency'

Noting the recent upsurge in drug prices and acute shortage of life saving drugs and other essential medicines, Vice President PPPP Senator Sherry Rehman said that the federal government should declare a national health emergency in the country and review
Published 04 Aug, 2016 12:00am
Local government laws: LHC disposes of petitions

Local government laws: LHC disposes of petitions

The Lahore High Court on Wednesday disposed of the petitions challenging amendments in local government laws that had also changed procedure for election of mayors and deputy mayors from secret balloting to show of hands as government has withdrawn the am
Published 04 Aug, 2016 12:00am
KP police to be made more autonomous, accountable: CM

KP police to be made more autonomous, accountable: CM

Khyber Pakhtunkhwa Chief Minister, Pervez Khattak said that his government will introduce Police Reforms bill 2016, in upcoming session of the provincial assembly, meant to ensure more autonomy, accountability and transparency in the police force. He said
Published 04 Aug, 2016 12:00am
Asif meets Shahbaz

Asif meets Shahbaz

Federal Minister for Water & Power Kh. Muhammad Asif met Punjab Chief Minister Muhammad Shahbaz Sharif, here Wednesday and discussed matters regarding pace of energy projects. Speaking on the occasion, the Chief Minister said that strenuous efforts for co
Published 04 Aug, 2016 12:00am
Minister orders probe into increase in price of car

Minister orders probe into increase in price of car

Federal Minister for Industries and Production (MoI&P), Ghulam Murtaza Khan Jatoi has ordered an investigation into an increase in price of cars by one of the local assemblers "without any justification". M/s Pak Suzuki Motor Company (PSMC) - Pakistan's t
Published 04 Aug, 2016 12:00am
Faysal Bank sponsors 'Azaadi Rocks'

Faysal Bank sponsors 'Azaadi Rocks'

Faysal Bank Limited (FBL), one of the leading banks in Pakistan is the platinum sponsor of Azaadi Rocks; an event by CKO. The venue of the event is Eduljee Road in order to revive and reclaim public spaces around the city. It has been chosen specifically
Published 04 Aug, 2016 12:00am
Sindh CM vows positive changes in all sectors

Sindh CM vows positive changes in all sectors

Sindh Chief Minister Syed Murad Ali Shah has assured that the people would soon witness positive changes in all sectors of life particularly in promotion of health and education where the efforts would be made on war footing basis in order to provide reli
Published 04 Aug, 2016 12:00am
Sales tax issue: efforts aimed at promoting renewable energy hit a snag

Sales tax issue: efforts aimed at promoting renewable energy hit a snag

The concept to promote renewable energy for power conservation through tax relief is going to be bleak as the Federal Board of Revenue (FBR) appears dissuasive to grant sales tax exemption on the import of different renewable energy products; it was learn
Published 04 Aug, 2016 12:00am
Lawyers boycott proceedings in Balochistan

Lawyers boycott proceedings in Balochistan

Lawyer community on Wednesday boycotted courts proceedings across Balochistan province including Quetta against the killing of Advocate Jahanzaib. The boycott call was given by Balochistan Bar Association (BBA). Lawyers did not attend the proceedings in B
Published 04 Aug, 2016 12:00am
UGB chairman for timely completion of CPEC projects

UGB chairman for timely completion of CPEC projects

Vice President, SAARC Chamber of Commerce & Industry and chairman United Business Group (UBG), Iftikhar Ali Malik, has said that Pakistan is on the path of economic progress which will lead to industrial development overcoming unemployment.
Published 04 Aug, 2016 12:00am
Margin on MTBs slightly increases

Margin on MTBs slightly increases

Margin on short-term government papers has increased slightly in the auction held on Wednesday. Banks and financial institutions aggressively participated in the auction of Market Treasury Bills conducted by the State Bank of Pakistan (SBP) on Wednesday a
Published 04 Aug, 2016 12:00am
Margin on MTBs slightly increases

Margin on MTBs slightly increases

Margin on short-term government papers has increased slightly in the auction held on Wednesday. Banks and financial institutions aggressively participated in the auction of Market Treasury Bills conducted by the State Bank of Pakistan (SBP) on Wednesday a
Published 04 Aug, 2016 12:00am
LHC suspends ten staffers

LHC suspends ten staffers

The Lahore High Court has suspended 10 of its staffers, put four under observations while initiated regular inquiry against 85 others. Most of the effected employees are from the lower cadre. Only five are among the officers of the rank of assistant regis
Published 04 Aug, 2016 12:00am
Japanese companies contributing towards creating job opportunities: CG

Japanese companies contributing towards creating job opportunities: CG

Multinational and National companies including Japanese companies have heavily invested in Pakistan and are contributing to promote more and better jobs through socially responsible labour practices. This was stated by Toshikazu Isumora, Consul General of
Published 04 Aug, 2016 12:00am
Samsung introduces Galaxy Note7

Samsung introduces Galaxy Note7

Samsung Electronics Co, Ltd continues to drive the smartphone market with the Galaxy Note7 by building on the company's category-defining leadership with innovative features that set a new standard for large-screen devices.
Published 04 Aug, 2016 12:00am
PIA to start its pre-Hajj operation from today

PIA to start its pre-Hajj operation from today

Pakistan International Airlines (PIA) is going to commence its Hajj operation from 10 cities of the country. This was decided at a high level meeting headed by chairman PIA Azam Saigol to review the arrangements of Hajj operations for this year at PIA off
Published 04 Aug, 2016 12:00am
PIA to start its pre-Hajj operation from today

PIA to start its pre-Hajj operation from today

Pakistan International Airlines (PIA) is going to commence its Hajj operation from 10 cities of the country. This was decided at a high level meeting headed by chairman PIA Azam Saigol to review the arrangements of Hajj operations for this year at PIA off
Published 04 Aug, 2016 12:00am
10 injured in building collapse

10 injured in building collapse

At least 10 people were injured when a building at the city's busy Abdullah Haroon road in Saddar area collapsed, here on Wednesday. "The two story building was constructed on a Nullah, which reduced to rubble after gas filled in base of building caused e
Published 04 Aug, 2016 12:00am
Ebad takes notice of non-payment of salaries to KU employees

Ebad takes notice of non-payment of salaries to KU employees

Sindh Governor Dr Ishrat ul Ebad Khan has taken strict notice of the non-payment of salaries to the employees of the University of Karachi. A Governor House official said here on Wednesday that Ebad warned the Karachi University administration that this s
Published 04 Aug, 2016 12:00am
Independence Day: Punjab CM reviews security arrangements

Independence Day: Punjab CM reviews security arrangements

Punjab Chief Minister, Muhammad Shahbaz Sharif presided over a high level meeting here Wednesday which reviewed security arrangements for Independence Day celebrations, traffic management and strategy for controlling one-wheeling.
Published 04 Aug, 2016 12:00am
Massive power outage in Hyderabad after rainfall

Massive power outage in Hyderabad after rainfall

The three hours long massive power outage in almost all parts of Hyderabad district left the smiles of the citizens back who were just thinking to start jubilation after receiving the first rainfall of the current monsoon season here on Wednesday evening.
Published 04 Aug, 2016 12:00am
China's Shandong Chamber wants enhanced collaboration with KCCI

China's Shandong Chamber wants enhanced collaboration with KCCI

Executive Vice President and Secretary General of Shandong Chamber of Commerce China, Wangxuemin has said that Shandong Chamber wants to enhance collaborations with Karachi Chamber of Commerce and Industry in order to promote businesses and pave way for i
Published 04 Aug, 2016 12:00am
Kidnapping of children: PTI seeks deployment of Rangers in Punjab

Kidnapping of children: PTI seeks deployment of Rangers in Punjab

Former Governor Punjab and Leader of Pakistan Tehreek-Insaf (PTI) Chaudhary Muhammad Sarwar said that Rangers must be called to stop child abduction cases in Punjab. Police officers and officials involved in the abduction of children must be sacked from t
Published 04 Aug, 2016 12:00am
Water plants, ice factories sealed

Water plants, ice factories sealed

The Punjab Food Authority (PFA) sealed four water plants and two ice factories on Wednesday on the charges of flouting rules of hygiene and not having license to carry out food business. As per details Gulberg Town team sealed two water plants namely 'pur
Published 04 Aug, 2016 12:00am
'Global Conference': Musharraf says he will 'surely' come to Pakistan

'Global Conference': Musharraf says he will 'surely' come to Pakistan

Chairman All Pakistan Muslim League (APML) General Pervez Musharraf (retd) while addressing to the concluding session of APML Global Conference said that the party is expanding across the country with deep roots in general public and APML will take part i
Published 04 Aug, 2016 12:00am
Opposition divided over jurisdiction of Rangers' policing powers

Opposition divided over jurisdiction of Rangers' policing powers

The opposition parties in the National Assembly are divided over the matter of Rangers' powers extension. Pakistan Tehreek-e-Insaf (PTI) and Muttahida Qaumi Movement (MQM) want to extend Rangers special powers in the whole of Sindh whereas Pakistan People
Published 04 Aug, 2016 12:00am
ATC rejects bail pleas of Qaimkhani, Rauf Siddiqui

ATC rejects bail pleas of Qaimkhani, Rauf Siddiqui

An anti-terrorism court on Wednesday rejected bail applications of Pak Sarzameen Party (PSP) leader Anis Qaimkhani and MQM's Rauf Siddiqui in Dr Asim Hussain Terror Facilitation Case following which the two have decided to approach Sindh High Court soon.
Published 04 Aug, 2016 12:00am
Rains expected in southern parts

Rains expected in southern parts

The Met Office on Wednesday forecast monsoon rains at scattered places of southern and some central parts of the country during next 2-3 days. It said that monsoon currents had started to penetrate in southern parts of the country and will produce rain /
Published 04 Aug, 2016 12:00am
New ATCs: Murad approves appointment of 25 prosecutors

New ATCs: Murad approves appointment of 25 prosecutors

Sindh Chief Minister Syed Murad Ali Shah has directed the law department to appoint 25 special prosecutors on urgent basis so that newly established Anti-Terrorism Courts can start functioning.
Published 04 Aug, 2016 12:00am
Three including a woman were killed in firing while two women sustained bullet wounds. The assailants escaped from the scene after triple murder and leaving two others injured. Bodies and the injured were shifted to hospital for medico-legal formalities.

Three including a woman were killed in firing while two women sustained bullet wounds. The assailants escaped from the scene after triple murder and leaving two others injured. Bodies and the injured were shifted to hospital for medico-legal formalities.

void(0)" onMouseOver="popup(event,'Copyright INP (Independent News Pakistan), 2016
Published under arrangements with INP.

No content fromBusiness Recorder shall be reproduced, published, broadcast, rewritten for broadcast or
Published 04 Aug, 2016 12:00am
Shanghai copper slips

Shanghai copper slips

Shanghai metals fell on Wednesday after China said it was considering easing the monetary policy but did not specify when.
Published 04 Aug, 2016 12:00am
Copper touches two-week low

Copper touches two-week low

Copper hit a two-week low on Wednesday as the dollar rebounded and nervousness over global central bank policy persisted, with China's state planner calling for policy easing but not specifying when. The dollar recovered from six-week lows after data show
Published 04 Aug, 2016 12:00am
Rubber dips

Rubber dips

Benchmark Tokyo rubber futures dipped to a three-week low on Wednesday as a higher yen, slumping Tokyo stock market and weaker oil prices dampened market sentiment and prompted fresh selling. The Tokyo Commodity Exchange rubber contract for January delive
Published 04 Aug, 2016 12:00am
Palm oil surges to six-week high
Currency

Palm oil surges to six-week high

Malaysian palm oil futures surged to a six-week high on Wednesday evening, recording a fourth consecutive session of gains, as improved demand and a recovery in rival US soya supported prices. Palm has pared some losses in the last three trading sessions,
Published 04 Aug, 2016 12:00am
New York cocoa jumps $100/tonne as speculators pile in

New York cocoa jumps $100/tonne as speculators pile in

New York cocoa futures on ICE rose $100 a tonne in their biggest rally in six months on Wednesday, fuelled by speculative buying after prices soared above key technical levels, while raw sugar and arabica coffee hovered above multi-week lows.
Published 04 Aug, 2016 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold held on to the previous session's gains on Wednesday as Asian stocks stumbled and weak US economic data undermined expectations of a near-term interest rate hike. The metal has had a stellar year so far, surging about 28 percent, as investors sought
Published 04 Aug, 2016 12:00am
Gold rises in New York

Gold rises in New York

Gold rose to a three-week high on Tuesday as European and US shares fell and the dollar hit its lowest in over a month after last week's soft US growth data dented expectations for a near-term interest rate hike.
Published 04 Aug, 2016 12:00am
Gold falls in Europe
Currency

Gold falls in Europe

The price of gold fell back on Wednesday, retreating from a three-week high hit in the previous session, after a rises in the dollar on the back of strong employment data. US private employers added 179,000 jobs in July, above economists' expectations, a
Published 04 Aug, 2016 12:00am
Argentine soyameal exports seen hit by extreme rains

Argentine soyameal exports seen hit by extreme rains

Soyaoil and soyameal production in the world's top supplier Argentina may be slowed this season by flooding in the Pampas farm belt, official data showed on Friday, giving an unexpected boost to US exports. Argentine farmers have sold 31.2 million tonnes
Published 04 Aug, 2016 12:00am
Cotton futures inch up ahead of export sales report
Currency

Cotton futures inch up ahead of export sales report

Cotton futures edged up on Wednesday as concerns over dry weather in Texas persisted amid broad gains across commodities even as the market awaited weekly export sales data on Thursday. "Higher value of US currency probably has hindered upward movement, a
Published 04 Aug, 2016 12:00am
Oil up three percent on big US gasoline draw; WTI back above $40

Oil up three percent on big US gasoline draw; WTI back above $40

Oil prices jumped more than 3 percent on Wednesday, with US crude futures returning to above $40 a barrel, after a larger-than-expected gasoline draw offset a surprise build in crude stockpiles in the No 1 oil consumer. US crude inventories rose for a sec
Published 04 Aug, 2016 12:00am
US MIDDAY: Wheat, corn, soyabeans up

US MIDDAY: Wheat, corn, soyabeans up

US wheat, corn and soyabean futures rose on Wednesday, rallying on bargain hunting after all three commodities fell to multi-month or multi-year lows a day earlier, traders said. But expectations of bumper US crops limited gains.
Published 04 Aug, 2016 12:00am
The Weather

The Weather

The weather report on Wednesday (August 03, 2016) and the forecast for Thursday (August 04, 2016).

Published 04 Aug, 2016 12:00am
US MIDDAY: Gold down

US MIDDAY: Gold down

The price of gold dropped on Wednesday, retreating from a three-week high set in the previous session, after a rise in the dollar on the back of strong economic data. US private employers added 179,000 jobs in July, above economists' expectations, a repor
Published 04 Aug, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (August 03, 2016).

Published 04 Aug, 2016 12:00am
The future of democracy in Pakistan

The future of democracy in Pakistan

This is apropos a Business Recorder op-ed "About the 'flourishing democracy'" carried by Business Recorder on Tuesday. The writer, A. B. Shahid, has raised some very profound points that require our rulers in particular to reflect somberly.
Published 04 Aug, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 04 Aug, 2016 12:00am
North Korea's 200-day sanctions solution: mass mobilisation

North Korea's 200-day sanctions solution: mass mobilisation

It's 7 o'clock on Sunday morning, and outside Pyongyang's train station the trams and buses are already packed with commuters - urged on their way to a full-day's work by a drum-beating, flag-waving propaganda troupe. For anyone unsure of the performance'
Published 04 Aug, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 04 Aug, 2016 12:00am
Brexit - a stupidity under compulsion

Brexit - a stupidity under compulsion

Brexiteers belong to Britain. Britain used to be our colonial master and still rules our spiritual roost but how come our erstwhile owners could be so stupid and blind to realities that they could not foresee the disastrous outcome of the Brexit results.
Published 04 Aug, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (August 03, 2016).

Published 04 Aug, 2016 12:00am
VIEW POINT: The looming season of protests

VIEW POINT: The looming season of protests

It's been four months since the Panama Papers revealed that like some of the world's rich and powerful, Prime Minister Nawaz Sharif's family owned expensive properties in London bought through offshore companies. Despite opposition parties' relentless eff
Published 04 Aug, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (August 03, 2016)

Published 04 Aug, 2016 12:00am
Internal security challenges

Internal security challenges

The rift between the Centre and government of Sindh over the issue of granting Rangers the policing powers for entire province has deepened. The Sindh government says it has done its part by granting extension to the Rangers powers for operation in six di
Published 04 Aug, 2016 12:00am
Increasing inequality in Pakistan

Increasing inequality in Pakistan

The United Nations Development Programme (UNDP) publication Development Advocate Pakistan (DAP) on Inequality in Pakistan that was released last week makes some disturbing observations with respect to widening income inequality between the haves and the h
Published 04 Aug, 2016 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (August 03, 2016).

Published 04 Aug, 2016 12:00am
Rangers stay in Sindh: Interior ministry gives one-year extension

Rangers stay in Sindh: Interior ministry gives one-year extension

After much deliberations, the Ministry of Interior gave a one-year extension to Rangers stay in Sindh on Wednesday. An official source said that Ministry of Interior issued two notifications in response to the summary sent by Sindh govt to the federal gov
Published 04 Aug, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 03, 2016).

Published 04 Aug, 2016 12:00am
Rangers stay in Sindh: Interior ministry gives one-year extension

Rangers stay in Sindh: Interior ministry gives one-year extension

After much deliberations, the Ministry of Interior gave a one-year extension to Rangers stay in Sindh on Wednesday. An official source said that Ministry of Interior issued two notifications in response to the summary sent by Sindh govt to the federal gov
Published 04 Aug, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 03, 2016).

Published 04 Aug, 2016 12:00am
$1.6 billion Circular Railway Project: KP, Chinese company ink MoU

$1.6 billion Circular Railway Project: KP, Chinese company ink MoU

The provincial government of Khyber Pakhtunkhwa and the China Communication and Construction Company Ltd agreed to a 1.6 billion dollars Circular Railway Project, Inter Linking Peshawar, Nowshera, Mardan Charsadda with future expansion to Swabi and a spee
Published 04 Aug, 2016 12:00am
$1.6 billion Circular Railway Project: KP, Chinese company ink MoU

$1.6 billion Circular Railway Project: KP, Chinese company ink MoU

The provincial government of Khyber Pakhtunkhwa and the China Communication and Construction Company Ltd agreed to a 1.6 billion dollars Circular Railway Project, Inter Linking Peshawar, Nowshera, Mardan Charsadda with future expansion to Swabi and a spee
Published 04 Aug, 2016 12:00am
$1.6 billion Circular Railway Project: KP, Chinese company ink MoU

$1.6 billion Circular Railway Project: KP, Chinese company ink MoU

The provincial government of Khyber Pakhtunkhwa and the China Communication and Construction Company Ltd agreed to a 1.6 billion dollars Circular Railway Project, Inter Linking Peshawar, Nowshera, Mardan Charsadda with future expansion to Swabi and a spee
Published 04 Aug, 2016 12:00am
THE RUPEE: mixed trend
Currency

THE RUPEE: mixed trend

The rupee moved up against the dollar in the interbank market, while, the national currency was inert on the open market on Wednesday, dealers said.
Published 04 Aug, 2016 12:00am
Saudi Arabia moves to help stranded workers

Saudi Arabia moves to help stranded workers

Saudi Arabia took steps on Wednesday to help around 2,500 Indian workers stranded without money in the kingdom after a plunge in oil prices sparked construction layoffs. India''s minister of state for external affairs, V.K. Singh, said he had a "very good
Published 04 Aug, 2016 12:00am
THE RUPEE: mixed trend
Currency

THE RUPEE: mixed trend

The rupee moved up against the dollar in the interbank market, while, the national currency was inert on the open market on Wednesday, dealers said.
Published 04 Aug, 2016 12:00am
Saudi Arabia moves to help stranded workers

Saudi Arabia moves to help stranded workers

Saudi Arabia took steps on Wednesday to help around 2,500 Indian workers stranded without money in the kingdom after a plunge in oil prices sparked construction layoffs. India's minister of state for external affairs, V.K. Singh, said he had a "very good
Published 04 Aug, 2016 12:00am
Saudi Arabia moves to help stranded workers

Saudi Arabia moves to help stranded workers

Saudi Arabia took steps on Wednesday to help around 2,500 Indian workers stranded without money in the kingdom after a plunge in oil prices sparked construction layoffs. India's minister of state for external affairs, V.K. Singh, said he had a "very good
Published 04 Aug, 2016 12:00am
CoAS witnesses counter-terrorism exercise in China

CoAS witnesses counter-terrorism exercise in China

Chief of Army Staff (CoAS) General Raheel Sharif on Wednesday witnessed a counter-terrorism exercise in Ku'erla (Korla) in China training base of People's Liberation Army (PLA). The exercise encompassed a very effective neutralisation of a terrorists' bas
Published 04 Aug, 2016 12:00am
CoAS witnesses counter-terrorism exercise in China

CoAS witnesses counter-terrorism exercise in China

Chief of Army Staff (CoAS) General Raheel Sharif on Wednesday witnessed a counter-terrorism exercise in Ku'erla (Korla) in China training base of People's Liberation Army (PLA). The exercise encompassed a very effective neutralisation of a terrorists' bas
Published 04 Aug, 2016 12:00am
Consumer financing: SBP revises Prudential Regulations

Consumer financing: SBP revises Prudential Regulations

State Bank of Pakistan (SBP) has revised the Prudential Regulations for Consumer Financing with an aim to promote consumer financing in sustainable and fair manner while ensuring financial stability of the banks/DFIs. The revised regulations provide more
Published 04 Aug, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (August 03, 2016).

Published 04 Aug, 2016 12:00am
Consumer financing: SBP revises Prudential Regulations

Consumer financing: SBP revises Prudential Regulations

State Bank of Pakistan (SBP) has revised the Prudential Regulations for Consumer Financing with an aim to promote consumer financing in sustainable and fair manner while ensuring financial stability of the banks/DFIs. The revised regulations provide more
Published 04 Aug, 2016 12:00am
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