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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-08-14
Helicopter crew back home safe

Helicopter crew back home safe

Afghan Taliban have released six crew members, including a Russian, of a Pakistani helicopter that crashed-landed in Afghanistan's Logar province and arrived here on Saturday. According to Foreign Office spokesperson Nafees Zakaria, the six-member crew of
Published 14 Aug, 2016 12:00am
IS threat lingers in Afghanistan despite leader's death

IS threat lingers in Afghanistan despite leader's death

The killing of the Islamic State group's leader in Afghanistan and Pakistan has dealt a major blow to the jihadists, but despite a US-backed scorched earth offensive the regional franchise is far from over, observers said Saturday. Hafiz Saeed was killed
Published 14 Aug, 2016 12:00am
IS threat lingers in Afghanistan despite leader's death

IS threat lingers in Afghanistan despite leader's death

The killing of the Islamic State group's leader in Afghanistan and Pakistan has dealt a major blow to the jihadists, but despite a US-backed scorched earth offensive the regional franchise is far from over, observers said Saturday. Hafiz Saeed was killed
Published 14 Aug, 2016 12:00am
UK vows to match EU funds, farm subsidies after Brexit

UK vows to match EU funds, farm subsidies after Brexit

The British government pledged Saturday to match European Union funding for farmers, universities and infrastructure projects following Brexit, as it sought to allay fears over key sectors. The commitment, intended to address uncertainty arising from the
Published 14 Aug, 2016 12:00am
UK vows to match EU funds, farm subsidies after Brexit

UK vows to match EU funds, farm subsidies after Brexit

The British government pledged Saturday to match European Union funding for farmers, universities and infrastructure projects following Brexit, as it sought to allay fears over key sectors. The commitment, intended to address uncertainty arising from the
Published 14 Aug, 2016 12:00am
UK vows to match EU funds, farm subsidies after Brexit

UK vows to match EU funds, farm subsidies after Brexit

The British government pledged Saturday to match European Union funding for farmers, universities and infrastructure projects following Brexit, as it sought to allay fears over key sectors. The commitment, intended to address uncertainty arising from the
Published 14 Aug, 2016 12:00am
UK vows to match EU funds, farm subsidies after Brexit

UK vows to match EU funds, farm subsidies after Brexit

The British government pledged Saturday to match European Union funding for farmers, universities and infrastructure projects following Brexit, as it sought to allay fears over key sectors. The commitment, intended to address uncertainty arising from the
Published 14 Aug, 2016 12:00am
INGOs: FBR to submit comments to ministry on draft MoU

INGOs: FBR to submit comments to ministry on draft MoU

The Federal Board of Revenue (FBR) will submit its comments to the Ministry of Interior on the draft Memorandum of Understanding (MoU) for International Non-governmental Organisations (INGOs) regarding exemptions and monitoring/regulations of INGOs activi
Published 14 Aug, 2016 12:00am
INGOs: FBR to submit comments to ministry on draft MoU

INGOs: FBR to submit comments to ministry on draft MoU

The Federal Board of Revenue (FBR) will submit its comments to the Ministry of Interior on the draft Memorandum of Understanding (MoU) for International Non-governmental Organisations (INGOs) regarding exemptions and monitoring/regulations of INGOs activi
Published 14 Aug, 2016 12:00am
INGOs: FBR to submit comments to ministry on draft MoU

INGOs: FBR to submit comments to ministry on draft MoU

The Federal Board of Revenue (FBR) will submit its comments to the Ministry of Interior on the draft Memorandum of Understanding (MoU) for International Non-governmental Organisations (INGOs) regarding exemptions and monitoring/regulations of INGOs activi
Published 14 Aug, 2016 12:00am
300 megawatts coal power project: PPIB returns $0.3 million encashed PG

300 megawatts coal power project: PPIB returns $0.3 million encashed PG

The Private Power Infrastructure Board (PPIB) has reportedly returned encashed Performance Guarantee (PG) of China Machinery Engineering Corporation (CMEC) amounting to $0.3 million in violation of its own policy, after directives from the top brass of Wa
Published 14 Aug, 2016 12:00am
300 megawatts coal power project: PPIB returns $0.3 million encashed PG

300 megawatts coal power project: PPIB returns $0.3 million encashed PG

The Private Power Infrastructure Board (PPIB) has reportedly returned encashed Performance Guarantee (PG) of China Machinery Engineering Corporation (CMEC) amounting to $0.3 million in violation of its own policy, after directives from the top brass of Wa
Published 14 Aug, 2016 12:00am
300 megawatts coal power project: PPIB returns $0.3 million encashed PG

300 megawatts coal power project: PPIB returns $0.3 million encashed PG

The Private Power Infrastructure Board (PPIB) has reportedly returned encashed Performance Guarantee (PG) of China Machinery Engineering Corporation (CMEC) amounting to $0.3 million in violation of its own policy, after directives from the top brass of Wa
Published 14 Aug, 2016 12:00am
Holiday notice

Holiday notice

The offices of Business Recorder will remain closed today, Sunday (August 14) on account of Independence Day. Arrangements have, however, been made to bring out the newspaper and Internet edition tomorrow, Monday (August 15), as usual.
Published 14 Aug, 2016 12:00am
Holiday notice

Holiday notice

The offices of Business Recorder will remain closed today, Sunday (August 14) on account of Independence Day. Arrangements have, however, been made to bring out the newspaper and Internet edition tomorrow, Monday (August 15), as usual.
Published 14 Aug, 2016 12:00am
IS frees hundreds of abducted civilians in north Syria

IS frees hundreds of abducted civilians in north Syria

The Islamic State group has freed hundreds of civilians used by the jihadists as human shields while retreating in northern Syrian, US-backed forces and a monitor said Saturday. A source from the Syrian Democratic Forces, which pushed IS from the city of
Published 14 Aug, 2016 12:00am
Seven terrorists killed in Quetta, Kohlu

Seven terrorists killed in Quetta, Kohlu

In Balochistan, seven terrorists were killed in two separate incidents in Quetta and Kohlu districts. According to Frontier Corps, a search operation was conducted in Sariab area upon information about presence of several terrorists there. During the comb
Published 14 Aug, 2016 12:00am
Enemies of Pakistan trying to sabotage CPEC: Bilal Akbar

Enemies of Pakistan trying to sabotage CPEC: Bilal Akbar

Director General Rangers Major General Bilal Akbar has said that the operation would remain continued until the last terrorist was wiped out. Speaking at a seminar entitled 'Construction Industry in Pakistan: Opportunities and Challenges' organised by the
Published 14 Aug, 2016 12:00am
Enemies of Pakistan trying to sabotage CPEC: Bilal Akbar

Enemies of Pakistan trying to sabotage CPEC: Bilal Akbar

Director General Rangers Major General Bilal Akbar has said that the operation would remain continued until the last terrorist was wiped out. Speaking at a seminar entitled 'Construction Industry in Pakistan: Opportunities and Challenges' organised by the
Published 14 Aug, 2016 12:00am
Nisar decides to disclose corruption of Khurshid, Aitzaz?

Nisar decides to disclose corruption of Khurshid, Aitzaz?

Federal Interior Minister Chaudhry Nisar Ali Khan has decided to make public the "corruption" of opposition leader in National Assembly Syed Khurshid Shah and opposition leader in Senate Aitzaz Ahsan. Sources told the INP news agency that money laundering
Published 14 Aug, 2016 12:00am
Nisar decides to disclose corruption of Khurshid, Aitzaz?

Nisar decides to disclose corruption of Khurshid, Aitzaz?

Federal Interior Minister Chaudhry Nisar Ali Khan has decided to make public the "corruption" of opposition leader in National Assembly Syed Khurshid Shah and opposition leader in Senate Aitzaz Ahsan. Sources told the INP news agency that money laundering
Published 14 Aug, 2016 12:00am
Clinton releases tax return, blasts Trump for not doing so

Clinton releases tax return, blasts Trump for not doing so

Democratic White House candidate Hillary Clinton released her 2015 tax return Friday and criticised her Republican rival Donald Trump for bucking a long-standing tradition by failing to do the same. Clinton and her husband Bill, the former president, repo
Published 14 Aug, 2016 12:00am
Clinton releases tax return, blasts Trump for not doing so

Clinton releases tax return, blasts Trump for not doing so

Democratic White House candidate Hillary Clinton released her 2015 tax return Friday and criticised her Republican rival Donald Trump for bucking a long-standing tradition by failing to do the same. Clinton and her husband Bill, the former president, repo
Published 14 Aug, 2016 12:00am
Still struggling to fight terrorism

Still struggling to fight terrorism

Speaking in the National Assembly on Wednesday in the wake of the Quetta carnage, Prime Minister Nawaz Sharif iterated his earlier assertion that "the enemy cannot digest the CPEC project," adding that "our unity will be a befitting response to our detrac
Published 14 Aug, 2016 12:00am
Doing something for minorities

Doing something for minorities

Three days ahead of the first Independence Day the Quaid revealed his vision as to what the state of Pakistan should mean to its citizens. In the newly-created Pakistan, he said in his address to the first Constituent Assembly, on August 11, 1947, "You ar
Published 14 Aug, 2016 12:00am
Istanbul rally: victory of democratic forces

Istanbul rally: victory of democratic forces

Much like French Revolution profoundly altered the course of modern history the aftermath of the failed coup in Turkey is bound to establish majesty of democracy in that country once and for all. Never before had the people risen against the coup-makers i
Published 14 Aug, 2016 12:00am
A global power of new type

A global power of new type

"In a world facing a volatile economic situation we should all work to promote opening up and innovation," said Premier Li Keqiang at Davos in January, 2015. What China means to world? Is it just another economic power such as the US, the UK, Germany, Jap
Published 14 Aug, 2016 12:00am
On the national stage, the Trump train stalls

On the national stage, the Trump train stalls

Donald Trump hasn't quite asked the dead to vote for him, but he's nearly there. "I joke a lot as I say if you're sick, if you just got the worse prognosis that a doctor can give you, if you're lying in bed and you just know you're not going to make it -
Published 14 Aug, 2016 12:00am
Anti-Americanism surges in Turkey after coup

Anti-Americanism surges in Turkey after coup

The charge list against the United States within Turkey over last month's failed coup is long and, for some, damning. The government says the United States is hosting the mastermind of the plot to topple President Recep Tayyip Erdogan, while voices in the
Published 14 Aug, 2016 12:00am
'Cyber bill: not well thought out'

'Cyber bill: not well thought out'

This is apropos a Business Recorder editorial "Cyber bill: not well thought out" carried by the newspaper yesterday. The newspaper has argued, inter alia, that "and finally, one would urge the government to look at the results of the Federal Bureau
Published 14 Aug, 2016 12:00am
PML-N shows political strength

PML-N shows political strength

The ruling Pakistan Muslim League-Nawaz (PML-N) Independence Day rally turned into a political gathering with bashing of the political opponents. The main gathering of the ruling party in connection with Independence Day was held at Rawalpindi with partic
Published 14 Aug, 2016 12:00am
Poor French wheat yields to dent EU crop as rain hampers harvest

Poor French wheat yields to dent EU crop as rain hampers harvest

The smallest French wheat harvest in at least a decade is set to push European Union production down sharply from last year's record, while persistent rain is also raising the risk of lower quality in some major wheat belts, analysts and traders said. Rai
Published 14 Aug, 2016 12:00am
USDA raises sugar stocks-to-use ratio, beet output

USDA raises sugar stocks-to-use ratio, beet output

The US Agriculture Department on Friday increased its forecast for the sugar stocks-to-use ratio in 2016/17 amid record beet production, raising the prospect of excess supplies to continue in the coming year. The USDA's monthly supply/demand report projec
Published 14 Aug, 2016 12:00am
Ukraine to double exports of peas to record 500,000 tonnes

Ukraine to double exports of peas to record 500,000 tonnes

Ukraine is likely to double its exports of peas in the 2016/17 season to a record 500,000 tonnes thanks to a high harvest, analyst UkrAgroConsult said on Tuesday. Ukraine is a major exporter of peas, shipping the commodity mostly to Asian markets. Favoura
Published 14 Aug, 2016 12:00am
Australia monthly wheat exports to soar, easing worries over slow sales

Australia monthly wheat exports to soar, easing worries over slow sales

Australian wheat exports in August look set to hit an eight-month high as the lowest prices in a decade draw Southeast Asian millers to market, easing worries that the fourth-biggest seller would fail to meet official forecasts for the season. Exports wil
Published 14 Aug, 2016 12:00am
China's crude output falls to five-year low in July

China's crude output falls to five-year low in July

China's crude oil production in July fell 8.1 percent from a year ago to the lowest since October 2011 on a daily basis, as low prices limit the incentive to keep some wells operating in the world's fourth-largest oil producer. Crude output last month was
Published 14 Aug, 2016 12:00am
Gold demand jumps amid global turmoil

Gold demand jumps amid global turmoil

Demand for gold soared in the second quarter as investors sheltered from global turmoil including Brexit, the World Gold Council said Thursday. Total gold demand stood at 1,050 tonnes in April-June period, an increase of 15 percent compared with the secon
Published 14 Aug, 2016 12:00am
Copper outlook dims as 'wall of supply' hits slowing demand

Copper outlook dims as 'wall of supply' hits slowing demand

Recent confidence in copper's outlook is fading fast as the impact of Chinese monetary stimulus wanes and markets focus once more on oversupply, potentially putting prices on track for multi-year lows. Benchmark copper on the London Metal Exchange has ris
Published 14 Aug, 2016 12:00am
Sliding volumes at London Metal Exchange hit HKEX profits

Sliding volumes at London Metal Exchange hit HKEX profits

Tumbling volumes at the London Metal Exchange (LME) helped depress first half-profits at its parent, the Hong Kong bourse, but fee cuts on short-dated trades will hopefully boost trade in the second half, the bourse's head said on Wednesday. Also, a new s
Published 14 Aug, 2016 12:00am
Brazil cane crush forecast slashed due to dry weather

Brazil cane crush forecast slashed due to dry weather

Brazilian sugar and ethanol mills will crush 597.25 million tonnes of cane during the 2016-17 season, a sharp downward revision from the May forecast of 625 million tonnes, due to dry weather, local analyst Datagro said on Tuesday. The main center-south g
Published 14 Aug, 2016 12:00am
Trading places: clutch of new metal hires signals bet on recovery

Trading places: clutch of new metal hires signals bet on recovery

A flurry of new metal trading desks that has sprung up this year reflects an industry realignment as bigger players downsize, but in a market still strapped for capital only the thriftiest will survive, industry sources said. At least six companies have w
Published 14 Aug, 2016 12:00am
Swiss knifeman sets fire on train, injures 6

Swiss knifeman sets fire on train, injures 6

A knifeman started a fire on Swiss train and stabbed passengers on Saturday, injuring six people including a six-year-old child, police said. The motive was not immediately clear, but the incident follows a string of violent, often deadly assaults in Euro
Published 14 Aug, 2016 12:00am
Actor Kenny Baker, Star Wars' R2-D2, dies

Actor Kenny Baker, Star Wars' R2-D2, dies

Kenny Baker, the British actor who starred as plucky robot R2-D2 in the "Star Wars" movies, died on Saturday at the age of 83, the Guardian newspaper reported. Baker, who measured one metre tall (three foot, eight inches), had problems with his lungs and
Published 14 Aug, 2016 12:00am
Iraq governor's nephew gunned down in north

Iraq governor's nephew gunned down in north

The nephew of the governor of a key province where Iraqi forces are battling the Islamic State group has been gunned down in the country's north, officials said Saturday. The shooting in Iraqi Kurdish regional capital Arbil came just hours after Nowfal al
Published 14 Aug, 2016 12:00am
Pentagon clamps down on Pokemon Go

Pentagon clamps down on Pokemon Go

The Pentagon doesn't like Pikachu. In the latest bizarre news surrounding the global phenomenon that is Pokemon Go, US Defense Department officials on Friday said employees should not download the game onto their government-issued smartphones. "You can im
Published 14 Aug, 2016 12:00am
Fidel Castro thanks Cubans for 90th birthday wishes, lambasts US

Fidel Castro thanks Cubans for 90th birthday wishes, lambasts US

Fidel Castro thanked Cubans for their tributes to mark his 90th birthday on Saturday in a meandering column carried by state-run media in which the iconic leftist revolutionary also lambasted old foe United States. Cuba went into overdrive this month hono
Published 14 Aug, 2016 12:00am
Philippines eyes 'two-track' talks with China: envoy

Philippines eyes 'two-track' talks with China: envoy

The Philippines and China discussed setting up a "two-track" system that would allow them to cooperate in some areas while separately handling "contentious issues" such as their South China Sea territorial dispute, a Manila envoy said Saturday. Former pre
Published 14 Aug, 2016 12:00am
EU anti-terror police to track extremists at Greece camps

EU anti-terror police to track extremists at Greece camps

Anti-terror experts from European police agency Europol will travel to Greece in an effort to track would-be jihadists amongst the migrants stuck in the country's camps, a Greek police source said Saturday. The team is expected to arrive in mainland Greec
Published 14 Aug, 2016 12:00am
Yemen rebels defy government and convene parliament
Currency

Yemen rebels defy government and convene parliament

Iran-backed rebels convened Yemen's parliament on Saturday in defiance of the internationally recognised government, prompting condemnation from President Abedrabbo Mansour Hadi. The session in rebel-held Sanaa was the first in almost two years, and comes
Published 14 Aug, 2016 12:00am
Venezuelans cross reopened border to Colombia for food, medicine

Venezuelans cross reopened border to Colombia for food, medicine

Thousands of Venezuelans were welcomed to Colombia by a military band early on Saturday morning as the two countries' borders were officially reopened after being closed by Venezuela a year ago. Some people had traveled across Venezuela to queue overnight
Published 14 Aug, 2016 12:00am
US general calls on Russia to allow observers at military drills

US general calls on Russia to allow observers at military drills

Russia should allow observers, including Western journalists, to attend upcoming military drills that could again put Ukraine on edge just as Russian President Vladimir Putin has sharpened his rhetoric, the commander of the US Army in Europe told Reuters.
Published 14 Aug, 2016 12:00am
Turkey says Biden to visit on August 24

Turkey says Biden to visit on August 24

US Vice President Joe Biden is expected to visit Turkey later this month, the Turkish prime minister said Saturday, as relations between the two countries are strained over Ankara's demand to extradite an exiled cleric blamed for the July 15 coup attempt.
Published 14 Aug, 2016 12:00am
California man gets life in prison for slaying of Saudi student

California man gets life in prison for slaying of Saudi student

A Southern California man was sentenced on Friday to life in prison for fatally stabbing an engineering student from Saudia Arabia who the killer met after the victim posted an online ad to sell his car two years ago, prosecutors said. The remains of the
Published 14 Aug, 2016 12:00am
Funeral held for 'last queen' of Romania

Funeral held for 'last queen' of Romania

Bucharest declared a national day of mourning Saturday as a funeral was held for Anne of Romania, wife of the country's former king, who died this month aged 92. "We are turning a page on history. Anne was the last queen of Romania, even though she was ne
Published 14 Aug, 2016 12:00am
Zimbabwe's opposition leaders rally against Mugabe
Currency

Zimbabwe's opposition leaders rally against Mugabe

Zimbabwe's opposition leaders led a mass rally Saturday against embattled President Robert Mugabe's failure to resolve the country's worsening economic crisis. Thousands of supporters gathered to hear Morgan Tsvangirai and ex-deputy president Joice Mujuru
Published 14 Aug, 2016 12:00am
Floods kill at least 3 in southern US as heat wave bakes East Coast

Floods kill at least 3 in southern US as heat wave bakes East Coast

Torrential rains causing flooding in parts of the southern United States have killed at least three people, US media reported Saturday, as millions of Americans on the East Coast sweat through soaring temperatures and stifling humidity. Flooding in parts
Published 14 Aug, 2016 12:00am
17 missing after Indian trawler sinks off Bangladesh

17 missing after Indian trawler sinks off Bangladesh

Seventeen fishermen were missing Saturday after an Indian trawler sank off the coast of Bangladesh, officials said, sparking a major search effort in the Bay of Bengal. Two Bangladesh Navy ships and a patrol aircraft were deployed after a distress signal
Published 14 Aug, 2016 12:00am
Do 'something' before we reach Lahore, Imran tells PM

Do 'something' before we reach Lahore, Imran tells PM

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan Saturday said that Prime Minister Nawaz Sharif has yet to respond over allegations levelled on him through the Panama Leaks. While addressing the participants of the Tehreek-e-Ehtesab (Accountability Move
Published 14 Aug, 2016 12:00am
Judiciary trying to be innovative to reach out to citizens: CJP

Judiciary trying to be innovative to reach out to citizens: CJP

The Chief Justice of Pakistan, Justice Anwar Zaheer Jamali, conveyed his message for the Independence Day on Saturday. CJP said, "On behalf of the Judiciary of the Islamic Republic of Pakistan, the Law & Justice Commission of Pakistan, the National Judici
Published 14 Aug, 2016 12:00am
Zardari felicitates nation on 70th Independence Day

Zardari felicitates nation on 70th Independence Day

Felicitating the nation on the 70th Independence Day former President Asif Ali Zardari today asked the people to bear in mind the twin ideals of democracy and people's welfare for which Pakistan was created. Amid celebrations today we should not be unmind
Published 14 Aug, 2016 12:00am
Government taking measures to end terrorism: Abid Sher Ali

Government taking measures to end terrorism: Abid Sher Ali

State Minister for Water and Power Chaudhry Abid Sher Ali Saturday condoled with the lawyer community over the tragic incident of Quetta. He visited District Bar Association (DBA) and assured the lawyer community that the government was fully aware of the
Published 14 Aug, 2016 12:00am
66000 kanals land acquired for Diamer-Bhasha Dam

66000 kanals land acquired for Diamer-Bhasha Dam

Sixty six thousand kanals land has been acquired for the construction of Diamer-Bhasha Dam. WAPDA sources have disclosed that owners of the land have been paid forty five billion rupees. The dam will be completed at a cost of fourteen billion dollars by 2
Published 14 Aug, 2016 12:00am
World Bank official discusses IDA package with Dar

World Bank official discusses IDA package with Dar

The World Bank's Country Director for Pakistan Patchamuthu Illangovan called on Finance Minister Ishaq Dar here Saturday. The World Bank country director discussed with Dar the proposed World Bank plan for the overall assistance package to be made availab
Published 14 Aug, 2016 12:00am
Zehri, Lieutenant General Amir flay India for spreading unrest

Zehri, Lieutenant General Amir flay India for spreading unrest

Balochistan Chief Minister (CM) Sanaullah Zehri stated that apprehended Indian intelligence agency Research and Analysis Wing (RAW) agent Kulbhushan Yadav arrived in the country to train terrorists whereas Commander Souther Command Lieutenant General Amir
Published 14 Aug, 2016 12:00am
'Independence Day' reminds us of struggle, sacrifices: NA Speaker

'Independence Day' reminds us of struggle, sacrifices: NA Speaker

Speaker National Assembly Sardar Ayaz Sadiq congratulated the nation on the eve of 'Independence Day'. He remarked, this day remind us the unforgettable struggle and sacrifices made by our forefathers for next generations to live in freedom. The Speaker u
Published 14 Aug, 2016 12:00am
PAF ready to thwart nefarious designs of enemy: Air Chief

PAF ready to thwart nefarious designs of enemy: Air Chief

PAF Chief Air Chief Marshal Sohail Aman has assured the nation that Pakistan Air Force is ever ready to thwart the nefarious designs of the enemy. "PAF's pivotal role in Operation Zarb-e-Azb is a manifestation to its operational preparedness. No doubt, PA
Published 14 Aug, 2016 12:00am
Bilawal greets nation

Bilawal greets nation

Chairman Pakistan People's Party Bilawal Bhutto Zardari has greeted the entire Pakistani nation on the eve of Independence Day being celebrated today and urged every Pakistani citizen to work as unifying national force for achieving the monumental ideals
Published 14 Aug, 2016 12:00am
Ex-husband, father of Samia arrested

Ex-husband, father of Samia arrested

The ex-husband and father of a British woman suspected to be the victim of an "honour" killing appeared in a court Saturday after being arrested by police. Samia Shahid died last month during a visit to her family village in Punjab with her second husband
Published 14 Aug, 2016 12:00am
Minister visits Karachi Fish Harbour

Minister visits Karachi Fish Harbour

Sindh Livestock and Fisheries Minister, Muhammad Ali Malkani has assured the stakeholders to resolve their genuine issues during his visit to Karachi Fish Harbor. He also asked the fisheries officials to maintain hygiene in line with the EU specifications
Published 14 Aug, 2016 12:00am
Ahmed joins Glaxo Pakistan board

Ahmed joins Glaxo Pakistan board

GlaxoSmithKlin Pakistan has appointed Sohail Ahmed as a non-executive director of the company, said a stock filing. Ahmed, the chief executive officer of GlaxoSmithKlin Consumer Healthcare Pakistan, would replace Syed Azeem Abbas Naqvi on the company's Bo
Published 14 Aug, 2016 12:00am
CM cancels over 550,000 unverified arms licences

CM cancels over 550,000 unverified arms licences

Sindh Chief Minister Syed Murad Ali Shah has said that his government has cancelled arms licenses which have not been verified so far. "However, the cancelled licenses could be revalidated if necessary documents are presented. Otherwise they stand cancell
Published 14 Aug, 2016 12:00am
PBIF chief seeks extra attention to dwindling export sector

PBIF chief seeks extra attention to dwindling export sector

President Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has said that falling exports and remittances demand extra attention to the dwindling export sector which held pivotal position. Expressing concern over falling exports and d
Published 14 Aug, 2016 12:00am
Rich tributes paid to freedom fighters

Rich tributes paid to freedom fighters

Ahead of the Independence Day, programmes and rallies were staged to celebrate the day, while speakers paid rich tribute to freedom fighters of the country on Saturday. A grand programme was organized by St Bonaventure High School Qasimabad to celebrate t
Published 14 Aug, 2016 12:00am
PM dedicates Independence Day to the struggle of Kashmiris

PM dedicates Independence Day to the struggle of Kashmiris

The Prime Minister Mian Nawaz Sharif has dedicated the Independence Day to the freedom of Kashmir and to those people of Kashmir who bravely faced the state oppression but kept the spirit of freedom alive. In a message on the occasion of Independence Day,
Published 14 Aug, 2016 12:00am
Farmers warned of pest, viral attacks on cotton, sugarcane
Cotton

Farmers warned of pest, viral attacks on cotton, sugarcane

The Met Office has warned the farmers of pest and viral attack at cotton and sugarcane during the hot and humid monsoon conditions, asking them to take measures to protect their standing crops. It said those farmers depending on tube-wells should schedule
Published 14 Aug, 2016 12:00am
EFU Life launches 'Meri Shaan, Mera Pakistan'

EFU Life launches 'Meri Shaan, Mera Pakistan'

EFU Life, the leading life insurance provider in Pakistan has launched a unique campaign'Meri Shaan, Mera Pakistan'. The company is committed to serving the people of Pakistan and believes in giving back to the society through its various CSR initiatives.
Published 14 Aug, 2016 12:00am
Independence Day to be marked with traditional national zeal

Independence Day to be marked with traditional national zeal

The residents of Hyderabad were all set to celebrate the 69th Independence Day of Pakistan tomorrow (Sunday) with traditional national zeal and enthusiasm like other parts of the country while different areas of the city has already been decorated with na
Published 14 Aug, 2016 12:00am
Prices of essential kitchen items witness no significant change

Prices of essential kitchen items witness no significant change

The prices of essential kitchen items including perishable and non-perishable witnessed no significant change during this week over the preceding week, revealed a survey conducted by Business Recorder, here on Saturday. There was no change witnesse
Published 14 Aug, 2016 12:00am
Sacrifices of security forces, tribesmen lauded

Sacrifices of security forces, tribesmen lauded

Assistant Political Agent (APA) Biaza Pir Abdullah Shah has said that due to sacrifices of security forces, and tribesmen of Khewazai, and Baizai, government writ has been established in the region. He was talking to media persons, on occasion of shooting
Published 14 Aug, 2016 12:00am
SCBA to publish 'Green Book' to give legislators food for thought

SCBA to publish 'Green Book' to give legislators food for thought

Supreme Court Bar Association of Pakistan (SCBA) has decided to publish 'Green Book' to give food for thought to legislatures and concerned institution decision-makers to improve existing laws for strong administration of justice in the country. While tak
Published 14 Aug, 2016 12:00am
People of Bajuar seek reform package for Fata

People of Bajuar seek reform package for Fata

Tribesmen from Bajaur Agency have demanded of the federal government to announce reforms package for Fata on the occasion of country's Independence Day, so they could celebrate the day with full of fervour. Talking to reporters, people all walks of life i
Published 14 Aug, 2016 12:00am
Literary session held in Mohmand Agency

Literary session held in Mohmand Agency

As many as four poets were martyred, while more than a dozen displaced due to prolonged militancy in the Mohmand agency, said poets and writers, during a literary session held on the eve of Independence Day celebrations in the Agency headquarters Ghalanai
Published 14 Aug, 2016 12:00am
President confers military awards

President confers military awards

President Mamnoon Hussain has granted military awards to the officers and men of Pakistan Army, Navy and Air Force in recognition to their gallantry services, in connection with Independence Day' celebrations. According to an ISPR press release on Saturda
Published 14 Aug, 2016 12:00am
SECP disposes of 53 show-cause proceedings in July

SECP disposes of 53 show-cause proceedings in July

The Securities and Exchange Commission of Pakistan (SECP) disposed of 53 show-cause proceedings initiated against companies, their directors and auditors for violating various provisions of the Companies Ordinance, 1984. SECP also initiated 45 fresh show-
Published 14 Aug, 2016 12:00am
'Telenor Rawaan' launched

'Telenor Rawaan' launched

Representing the widespread national fervor, Pakistan's foremost telecom and digital services provider, Telenor Pakistan, has launched a patriotic song 'Telenor Rawaan' to mark the 70th Independence Day of Pakistan. Dotted with colors of patriotic sentime
Published 14 Aug, 2016 12:00am
Security beefed up in Islamabad

Security beefed up in Islamabad

The capital administration on Saturday beefed up security in Islamabad to avoid any untoward incident on the eve of Pakistan Tehreek-e-Insaf Ehtesab rally and Independence Day celebrations. The administration also imposed Section 144 of the Code of Crimin
Published 14 Aug, 2016 12:00am
MCB Bank declared 'Pakistan's Best Bank' at Euromoney Awards

MCB Bank declared 'Pakistan's Best Bank' at Euromoney Awards

MCB Bank Ltd, Pakistan's leading private sector bank, was declared "Pakistan's Best Bank" at the Euromoney Awards for Excellence 2016 ceremony held in Island Shangri-La, Hong Kong. The Award was presented to President MCB Bank Ltd, Imran Maqbool by Editor
Published 14 Aug, 2016 12:00am
Budget operations: Dar reviews status of external financing

Budget operations: Dar reviews status of external financing

Finance Minister Ishaq Dar Saturday chaired a meeting at the Finance Division to review the status of external financing of the budget operations. The minister was briefed in detail on the current status of the financial inflows and outflows. Projections
Published 14 Aug, 2016 12:00am
Corruption cases Rulers finding excuses to evade accountability: Aitzaz

Corruption cases Rulers finding excuses to evade accountability: Aitzaz

Pakistan People's Party (PPP) leader Aitzaz Ahsan on Saturday) lashed out at the Pakistan Muslim League Nawaz (PML-N), stating that the incumbent government has failed and its members are corrupt, a private TV channel reported. Speaking to media in Lahore
Published 14 Aug, 2016 12:00am
DG LDA orders suspension of two officers

DG LDA orders suspension of two officers

Director General Lahore Development Authority Nabeel Javed has ordered for immediate suspension of two officers besides conducting inquiry against six officers of the Town Planning Wing of LDA on account of violation of building regulations and committing
Published 14 Aug, 2016 12:00am
Three terrorists killed in Quetta

Three terrorists killed in Quetta

Three terrorists were killed in exchange of firing with security forces at Sariyab road in Quetta on Saturday. According to reports, the terrorists were killed when they were challenged by security forces during an operation. Two security forces personnel
Published 14 Aug, 2016 12:00am
Dar reviews arrangements for upcoming SAARC FMs' moot

Dar reviews arrangements for upcoming SAARC FMs' moot

Finance Minister Ishaq Dar said all the countries in the SAARC region have a lot of potential develop together while utilizing each other's potentials and energies. He made remarks while chairing a review meeting on the upcoming SAARC Finance Minsters con
Published 14 Aug, 2016 12:00am
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