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Print - 2016-08-20
StanChart Pakistan receives 'Best Digital Islamic Bank 2016'

StanChart Pakistan receives 'Best Digital Islamic Bank 2016'

Standard Chartered Pakistan has been recognised as the Best Digital Islamic Bank in Aisa 2016 by Global Finance. This is the second year in a row that Standard Chartered has won this award. This award is a recognition of Standard Chartered's superior Shar
Published 20 Aug, 2016 12:00am
Kalashnikov replica store opens in Russian airport

Kalashnikov replica store opens in Russian airport

Russia's biggest international airport on Friday expressed concern after gunmaker Kalashnikov opened a store there selling lifesize replica rifles. The Kalashnikov Concern, producer of the ubiquitous AK-47 rifle, earlier this week launched a store at the
Published 20 Aug, 2016 12:00am
Putin visits Crimea after Ukraine incursion claim

Putin visits Crimea after Ukraine incursion claim

Russian President Vladimir Putin was on Friday visiting annexed Crimea to boost security measures there, just days after accusing Kiev of attempting an armed incursion into the peninsula. Putin chaired a meeting of his powerful security council in Crimea
Published 20 Aug, 2016 12:00am
Trump's embattled campaign chairman resigns

Trump's embattled campaign chairman resigns

Donald Trump's campaign chairman, Paul Manafort, resigned Friday under fire over a Ukrainian corruption investigation and after being sidelined in a reshuffle as the Republican nominee struggles to reverse sinking poll numbers. The departure of the smooth
Published 20 Aug, 2016 12:00am
'New port of call' installed at space station

'New port of call' installed at space station

With more private spaceship traffic expected at the International Space Station in the coming years, two US astronauts embarked on a spacewalk Friday to install a special parking spot for them. Americans Jeff Williams and Kate Rubins switched their spaces
Published 20 Aug, 2016 12:00am
South Africa opposition takes control of capital from ANC

South Africa opposition takes control of capital from ANC

South Africa's ruling ANC lost control of the capital Pretoria for the first time since the end of apartheid two decades ago, as an opposition councillor was elected mayor on Friday. Solly Msimanga, 36, of the liberal centre-right Democratic Alliance (DA)
Published 20 Aug, 2016 12:00am
Body of missing French tourist found in Nepal

Body of missing French tourist found in Nepal

A 35-year-old French tourist who disappeared in Nepal last week has been found dead, the French government said on Friday, adding that an investigation into her death was under way. "We have been informed by Nepalese authorities that the body of Ms Guerin
Published 20 Aug, 2016 12:00am
Nice becomes latest French city to ban burkini

Nice becomes latest French city to ban burkini

Nice has become the latest French seaside resort to ban the burkini, the body-concealing Islamic swimsuit that has sparked heated debate in secular France, city officials said Friday. Using language similar to bans imposed in a string of other towns on th
Published 20 Aug, 2016 12:00am
China's president pledges to support Myanmar peace talks

China's president pledges to support Myanmar peace talks

Chinese President Xi Jinping promised to support Myanmar's peace process Friday as he met with the country's de facto leader Aung San Suu Kyi in Beijing ahead of historic talks with armed groups near the countries' troubled joint border. During the sit-do
Published 20 Aug, 2016 12:00am
Note on proposed Benami Transactions (Prohibition) Act, 2016

Note on proposed Benami Transactions (Prohibition) Act, 2016

The National Assembly's Standing Committee on Finance has approved the draft of Benami Transactions (Prohibition) Act, 2016 on August 16, 2016. The draft Act has now been forwarded to the National Assembly for consideration.
Published 20 Aug, 2016 12:00am
Security situation in Balochistan reviewed

Security situation in Balochistan reviewed

A high-level meeting in Quetta on Friday reviewed the overall security situation in the province. The meeting chaired by Chief Minister Balochistan Nawab Sanaullah Khan Zehri discussed measures to make intelligence further effective and improve the law an
Published 20 Aug, 2016 12:00am
HEC to promote research culture: Chairman

HEC to promote research culture: Chairman

Higher Education Commission (HEC) is committed to promote research culture in the country, which is aligned with needs of Pakistani society. Chairman HEC, Dr Mukhtar Ahmed said during a two-day International Symposium on Technology Entrepreneurship and in
Published 20 Aug, 2016 12:00am
LNG deal: PSO fails to place details on website

LNG deal: PSO fails to place details on website

The management of the Pakistan State Oil (PSO) seems to have ignored the directions of the Petroleum Minister, Shahid Khaqan Abbasi to place the Liquefied Natural Gas (LNG) deal signed with Qatar on 10 February on its website. The LNG deal has also not be
Published 20 Aug, 2016 12:00am
PPL donates equipment to Murshid Hospital

PPL donates equipment to Murshid Hospital

Pakistan Petroleum Limited (PPL) donated equipment worth Rs 20 million to Murshid Hospital and Health Care Centre (MHHCC) Hub for its various faculties. MD and CEO PPL Syed Wamiq Bokhari handed over the equipment to Medical Director MHHCC Dr Abdul Sattar
Published 20 Aug, 2016 12:00am
SC dismisses Mirza's plea

SC dismisses Mirza's plea

The top court on Friday dismissed the plea of former Interior Minister Sindh Zulfikar Ali Mirza who had urged the apex court to declare proportionate allocation of reserved seats for local councils under Section 18-A of the Sindh Local Government Act (SLG
Published 20 Aug, 2016 12:00am
Potential of marble & granite PASDEC briefs CM, CS Gilgit-Baltistan

Potential of marble & granite PASDEC briefs CM, CS Gilgit-Baltistan

Pakistan Stone Development Company (PASDEC) delivers briefing to the Chief Minister (CM) Gilgit-Baltistan Hafiz Hafiz-ur-Rehman and the Chief Secretary (CS) Tahir Hussain on potential of Marble and Granite in the region. A detailed presentation was delive
Published 20 Aug, 2016 12:00am
SC seeks detailed report from CADD official on public hospitals

SC seeks detailed report from CADD official on public hospitals

The Supreme Court on Friday sought detailed report from Secretary Capital Administration and Development Division (CADD) on the availability of medicines and current functional status of medical equipments in the Federal capital public hospitals.
Published 20 Aug, 2016 12:00am
Dengue virus hits Malakand

Dengue virus hits Malakand

Dengue virus has broken out in Batkhela, district headquarters of Malakand where 15 persons were admitted in district hospital Lower Dir in three days. According to Deputy Commissioner (DC), Malakand Khaista Rehman Khan said that precautionary measures ha
Published 20 Aug, 2016 12:00am
Pakistan SME Forum to be held on August 23

Pakistan SME Forum to be held on August 23

The 10th Pakistan SME Forum 2016 organized by SHAMROCK Conferences International will be held on August 23, at the Pearl-Continental Hotel, Karachi. The theme of the moot is "Facilitating SMEs Makes Economic Sense" and will feature the sector's critical i
Published 20 Aug, 2016 12:00am
Pak Asia USA Trade Expo to be held from December 9 in Houston

Pak Asia USA Trade Expo to be held from December 9 in Houston

Pak Asia USA Trade Expo schedule to be held from December 9 to 17 in Houston will help in the main streaming of Pakistani exporters in USA, said Syed Muhammad Waseem Akhtar President Pakistan Chamber of Commerce USA. Addressing the business community of F
Published 20 Aug, 2016 12:00am
Spread of Congo virus: Turkish, UVAS experts discuss steps

Spread of Congo virus: Turkish, UVAS experts discuss steps

A delegation of experts including Dr Ebru Arydin and Dr Dilek Meneminilogo from the Turkish Public Health Institute, Turkey, visited the University of Veterinary and Animal Sciences (UVAS) on Friday and discussed with the UVAS researchers and the Livestoc
Published 20 Aug, 2016 12:00am
Small Grants & Ambassador's Fund Programme: USAID showcases achievements

Small Grants & Ambassador's Fund Programme: USAID showcases achievements

The United States Agency for International Development (USAID) showcased the achievements of the Small Grants and Ambassador's Fund Programme. The programme, implemented by the National Rural Support Programme, has supported 56 grants worth $7 million in
Published 20 Aug, 2016 12:00am
Health sector: PDWP approves two schemes costing Rs 11.5 billion

Health sector: PDWP approves two schemes costing Rs 11.5 billion

The Punjab Provincial Development Working Party has given its approval to the Integrated Reproductive Maternal New-born & Child Health & Nutrition Program at the cost of Rs 9882.560 million and Prevention and Control of Hepatitis B&C in the province at th
Published 20 Aug, 2016 12:00am
Neelum Jhelum Project: Wapda chief reviews progress

Neelum Jhelum Project: Wapda chief reviews progress

Pakistan Water and Power Development Authority (WAPDA) Chairman Zafar Mehmood on Friday reviewed the construction work on 969 MW-Neelum Jhelum Hydropower Project (NJHP). According to the WAPDA spokesman, the meeting reviewed in detail the construction wor
Published 20 Aug, 2016 12:00am
UHS declares BSc nursing results

UHS declares BSc nursing results

The University of Health Sciences (UHS) has announced the results of Third Professional BSc nursing (4-year programme) Revised Scheme annual examination. A total of 141 candidates from five affiliated institutes appeared in the examination out of which 13
Published 20 Aug, 2016 12:00am
Bosnian envoy highlights importance of education

Bosnian envoy highlights importance of education

Bosnia and Pakistan are identical Muslim countries and they must invest in education to bring qualitative socio economic changes in their societies, said His Excellency Dr Nedim Makarevic ambassador of Bosnia.
Published 20 Aug, 2016 12:00am
Oil posts strong weekly gains; analysts say rally unjustified

Oil posts strong weekly gains; analysts say rally unjustified

Oil prices settled steady to higher on Friday, with US crude posting its biggest weekly gain since March after surging nearly 25 percent in a little over two weeks, a rally analysts cautioned was not justified by fundamentals. Crude futures have risen alm
Published 20 Aug, 2016 12:00am
Ministry all set to remove NTC chairman

Ministry all set to remove NTC chairman

The Commerce Ministry is all set to remove Chairman National Tariff Commission (NTC), Abbas Raza as a High Court has disposed of a writ petition filed by the Secretary NTC against the Federation and Secretary Commerce. Well-informed sources told Busine
Published 20 Aug, 2016 12:00am
Ministry all set to remove NTC chairman

Ministry all set to remove NTC chairman

The Commerce Ministry is all set to remove Chairman National Tariff Commission (NTC), Abbas Raza as a High Court has disposed of a writ petition filed by the Secretary NTC against the Federation and Secretary Commerce. Well-informed sources told Busine
Published 20 Aug, 2016 12:00am
Ministry all set to remove NTC chairman

Ministry all set to remove NTC chairman

The Commerce Ministry is all set to remove Chairman National Tariff Commission (NTC), Abbas Raza as a High Court has disposed of a writ petition filed by the Secretary NTC against the Federation and Secretary Commerce. Well-informed sources told Busine
Published 20 Aug, 2016 12:00am
CoAS visits operational area near Afghan border

CoAS visits operational area near Afghan border

Chief of Army Staff (CoAS) General Raheel Sharif visited front line troops busy in operations along Pak-Afghan border in Khyber Agency. CoAS was given detailed briefing by operational commander on progress of operations and gains consolidated so far. Show
Published 20 Aug, 2016 12:00am
CoAS visits operational area near Afghan border

CoAS visits operational area near Afghan border

Chief of Army Staff (CoAS) General Raheel Sharif visited front line troops busy in operations along Pak-Afghan border in Khyber Agency. CoAS was given detailed briefing by operational commander on progress of operations and gains consolidated so far. Show
Published 20 Aug, 2016 12:00am
Turkey FM in surprise Iran visit

Turkey FM in surprise Iran visit

Turkish Foreign Minister Mevlut Cavusoglu has made a surprise visit to Tehran for talks on "regional issues", Iranian state television said on Friday. Cavusoglu's short trip follows a meeting last week with Mohammad Javad Zarif in Ankara, an Iranian forei
Published 20 Aug, 2016 12:00am
Turkey FM in surprise Iran visit

Turkey FM in surprise Iran visit

Turkish Foreign Minister Mevlut Cavusoglu has made a surprise visit to Tehran for talks on "regional issues", Iranian state television said on Friday. Cavusoglu's short trip follows a meeting last week with Mohammad Javad Zarif in Ankara, an Iranian forei
Published 20 Aug, 2016 12:00am
LHC halts Lahore metro work near monuments

LHC halts Lahore metro work near monuments

Allowing the petitions, the Lahore High Court partially restrained the government on Friday from the construction of Orange Line Train project within a 200-foot radius of special premises and heritage sites. The bench comprising Justice Abid Aziz Sheikh a
Published 20 Aug, 2016 12:00am
LHC halts Lahore metro work near monuments

LHC halts Lahore metro work near monuments

Allowing the petitions, the Lahore High Court partially restrained the government on Friday from the construction of Orange Line Train project within a 200-foot radius of special premises and heritage sites. The bench comprising Justice Abid Aziz Sheikh a
Published 20 Aug, 2016 12:00am
LHC halts Lahore metro work near monuments

LHC halts Lahore metro work near monuments

Allowing the petitions, the Lahore High Court partially restrained the government on Friday from the construction of Orange Line Train project within a 200-foot radius of special premises and heritage sites. The bench comprising Justice Abid Aziz Sheikh a
Published 20 Aug, 2016 12:00am
Snowden documents show NSA leak is real: report

Snowden documents show NSA leak is real: report

Previously unpublished documents released by former National Security Agency contractor Edward Snowden confirm that some of the spy agency's top-secret code has been leaked or hacked, The Intercept reported Friday. The online news site's editors include j
Published 20 Aug, 2016 12:00am
Snowden documents show NSA leak is real: report

Snowden documents show NSA leak is real: report

Previously unpublished documents released by former National Security Agency contractor Edward Snowden confirm that some of the spy agency's top-secret code has been leaked or hacked, The Intercept reported Friday. The online news site's editors include j
Published 20 Aug, 2016 12:00am
Turkey airport ad accuses Sweden of 'highest rape rate'

Turkey airport ad accuses Sweden of 'highest rape rate'

A billboard at Istanbul's international airport accused Sweden of having the highest rate of rape world-wide, AFP pictures showed on Friday, just days after Stockholm accused Ankara of legalising sex with children. Printed in English and Turkish and displ
Published 20 Aug, 2016 12:00am
Deutsche Bank whistleblower rejects US award

Deutsche Bank whistleblower rejects US award

A whistleblower who helped expose systematic overvaluing of credit derivatives at Deutsche Bank said on Friday he had rejected a multi-million-dollar US award for his actions, lamenting that shareholders and employees were the victims. "I will not join th
Published 20 Aug, 2016 12:00am
Deutsche Bank whistleblower rejects US award

Deutsche Bank whistleblower rejects US award

A whistleblower who helped expose systematic overvaluing of credit derivatives at Deutsche Bank said on Friday he had rejected a multi-million-dollar US award for his actions, lamenting that shareholders and employees were the victims. "I will not join th
Published 20 Aug, 2016 12:00am
Deutsche Bank whistleblower rejects US award

Deutsche Bank whistleblower rejects US award

A whistleblower who helped expose systematic overvaluing of credit derivatives at Deutsche Bank said on Friday he had rejected a multi-million-dollar US award for his actions, lamenting that shareholders and employees were the victims. "I will not join th
Published 20 Aug, 2016 12:00am
SBP's redesigned website not user friendly

SBP's redesigned website not user friendly

State Bank of Pakistan (SBP) has developed a new format/redesigned its website recently that is neither user friendly nor does it provide easy access to historical economic data. The SBP had originally parked the 1.5 billion dollar Saudi gift under the he
Published 20 Aug, 2016 12:00am
SBP's redesigned website not user friendly

SBP's redesigned website not user friendly

State Bank of Pakistan (SBP) has developed a new format/redesigned its website recently that is neither user friendly nor does it provide easy access to historical economic data. The SBP had originally parked the 1.5 billion dollar Saudi gift under the he
Published 20 Aug, 2016 12:00am
SBP''s redesigned website not user friendly

SBP''s redesigned website not user friendly

State Bank of Pakistan (SBP) has developed a new format/redesigned its website recently that is neither user friendly nor does it provide easy access to historical economic data. The SBP had originally parked the 1.5 billion dollar Saudi gift under the he
Published 20 Aug, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 20 Aug, 2016 12:00am
Interstate Gas System: PPP submits 'calling attention' notice in NA

Interstate Gas System: PPP submits 'calling attention' notice in NA

Pakistan People's Party (PPP) on Friday submitted a 'calling attention' notice in the National Assembly Secretariat regarding the removal of top government officials from the board of Interstate Gas Systems (Pvt) The PPP MNAs were Shazia Mari, Naveed Qama
Published 20 Aug, 2016 12:00am
Interstate Gas System: PPP submits 'calling attention' notice in NA

Interstate Gas System: PPP submits 'calling attention' notice in NA

Pakistan People's Party (PPP) on Friday submitted a 'calling attention' notice in the National Assembly Secretariat regarding the removal of top government officials from the board of Interstate Gas Systems (Pvt) The PPP MNAs were Shazia Mari, Naveed Qama
Published 20 Aug, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Aug, 2016 12:00am
Brazilian chef wins 'World Sushi Cup' in Tokyo

Brazilian chef wins 'World Sushi Cup' in Tokyo

A Brazilian chef won the World Sushi Cup Friday, bursting into tears of joy after his knife skills and artful preparation of salmon roe, tuna and shrimp delicacies wowed Japanese judges. With the country's UNESCO-recognised cuisine enjoying an explosion o
Published 20 Aug, 2016 12:00am
More children forced to fight in S Sudan: UNICEF

More children forced to fight in S Sudan: UNICEF

The UN children's agency, UNICEF, warned Friday of a "spike" in the recruitment of child soldiers to fight in South Sudan's civil war. "All the different groups are recruiting," said Justin Forsyth, deputy executive director of UNICEF. "There is a mobilis
Published 20 Aug, 2016 12:00am
Thousands flee homes as California burns

Thousands flee homes as California burns

Firefighters battled Thursday to douse a series of wildfires fuelled by high winds, scorching temperatures and dry vegetation that have forced tens of thousands of Californians to flee their homes. A blaze scorching swathes of the Angeles National Forest,
Published 20 Aug, 2016 12:00am
Top Philippine rebels freed ahead of Norway peace talks

Top Philippine rebels freed ahead of Norway peace talks

The Philippines released top communist leaders from jail Friday as part of a drive to end one of Asia's longest-running insurgencies, with peace talks due to resume in Norway next week. Benito Tiamzon and his wife Wilma raised clenched fists, hugged frien
Published 20 Aug, 2016 12:00am
Imported coal-fired power plants in Punjab

Imported coal-fired power plants in Punjab

According to a Business Recorder exclusive, the Private Power Infrastructure Board (PPIB) headed by the Minister for Water and Power Khwaja Asif in its 106th board meeting indicated that the federal government would not purchase power from imported
Published 20 Aug, 2016 12:00am
Controversial appointments in NAB

Controversial appointments in NAB

Once in a while, the National Accountability Bureau is in the limelight for what it is, and not what it thinks others are. The institution, which takes credit for 'across-the-board accountability to steer and guide the nation out of the abyss of corruptio
Published 20 Aug, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (August 19, 2016).

Published 20 Aug, 2016 12:00am
Rationalisation of institutions

Rationalisation of institutions

Up to end 1950s, the three pillars of State - Executive, Legislative and Judiciary - worked exceptionally well and delivered to the nation. As a result, the new-born state prospered well. It was in 1950s that organisations like Pakistan International Air
Published 20 Aug, 2016 12:00am
Impartiality and fairness in administrative actions

Impartiality and fairness in administrative actions

Procedural fairness and conforming to rules of natural justice are the two important elements of judicial review of administrative actions. Cognisance of the said issues has been taken by the courts.1 The jurisprudence in this regard stands settled and co
Published 20 Aug, 2016 12:00am
Iran's language watchdog battles

Iran's language watchdog battles

It is Iran's answer to the Academie Francaise, keeping the Farsi language safe from the corrupting influence of foreign words. Its latest, unlikely target: something called "Nutella Bars". The state-run Academy of Persian Language and Literature has impos
Published 20 Aug, 2016 12:00am