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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-10-04
Ivory trade vote exposes divisions on saving elephant

Ivory trade vote exposes divisions on saving elephant

The global conference that governs wildlife trade voted Monday against strengthening the ban on ivory sales, exposing bitter divisions among African countries and experts over elephant conservation. The Convention on International Trade in Endangered Spec
Published 04 Oct, 2016 12:00am
Merkel greeted with shouts of 'Get out' in Dresden

Merkel greeted with shouts of 'Get out' in Dresden

Germany's Chancellor Angela Merkel was greeted on Monday by whistles and shouts of "Get out" after arriving in Dresden - birthplace of xenophobic movement Pegida - for German reunification celebrations. The angry crowd also waved signs saying "Merkel must
Published 04 Oct, 2016 12:00am
Turkey extends emergency for 90 days

Turkey extends emergency for 90 days

Turkey will maintain the state of emergency imposed in the wake of July's failed coup for another three months starting from October 19, Deputy Prime Minister Numan Kurtulmus said Monday. "The state of emergency will be extended for another 90 days starti
Published 04 Oct, 2016 12:00am
Italy leads mass migrant rescue on disaster anniversary

Italy leads mass migrant rescue on disaster anniversary

Italy co-ordinated the rescue of 2,600 migrants off Libya, three years to the day after 366 people died in a sinking that first alerted the world to the Mediterranean migrant crisis. Numerous children were among those saved from distressed vessels on Mond
Published 04 Oct, 2016 12:00am
EU, Afghanistan strike deal on migrant curbs

EU, Afghanistan strike deal on migrant curbs

The EU said Monday it has struck a tentative deal with Afghanistan to take back migrants ahead of a conference in Brussels aimed at securing international financial aid for the war-ravaged nation. However, European Union officials have denied that aid ple
Published 04 Oct, 2016 12:00am
Romania former minister jailed in Microsoft graft case

Romania former minister jailed in Microsoft graft case

A former Romanian minister and three businessmen were jailed on Monday for their part in a corruption scandal involving Microsoft licences that has sucked in a number of high-profile figures. This was the final court ruling for the four defendants in a le
Published 04 Oct, 2016 12:00am
Tunisia sentences 31 to death for attack on minister

Tunisia sentences 31 to death for attack on minister

A Tunisian court has handed 31 people death sentences over a 2014 attack on the home of then interior minister Lotfi Ben Jeddou, a judiciary spokesman said on Monday. The 31, who included Algerians as well as Tunisians, were sentenced in absentia and some
Published 04 Oct, 2016 12:00am
Putin scraps plutonium disposal deal with 'unfriendly' US

Putin scraps plutonium disposal deal with 'unfriendly' US

Russian President Vladimir Putin on Monday ordered a halt to an agreement with the United States on plutonium disposal, citing Washington's "unfriendly actions". The deal, signed in 2000, was meant to allow both nuclear powers to dispose of weapons-grade
Published 04 Oct, 2016 12:00am
IHK issue: ARSEA stages rally

IHK issue: ARSEA stages rally

All Revenue Sindh Employees Association (ARSEA) staged a rally, while expressing solidarity with innocent Kashmiris in held Kashmir on Monday. They took out the rally from Shahbaz Building to Hyderabad press club while carrying banners and placards. They
Published 04 Oct, 2016 12:00am
JI leader opposes attempts to privatise PSM

JI leader opposes attempts to privatise PSM

Jamaat-e-Islami (JI) Pakistan Secretary General Liaquat Baloch has strictly opposed all attempts to privatise the Pakistan Steel Mills (PSM) and demanded of the government to take solid measures for the complete restoration of PSM. He was addressing an Al
Published 04 Oct, 2016 12:00am
Promotion of regional languages: Senate body rejects amendment bill

Promotion of regional languages: Senate body rejects amendment bill

Senate Standing Committee on Law and Justice on Monday rejected the Constitution (Amendment) Bill moved by Senator Karim Ahmed Khawaja relating to promotion of regional languages. The committee, which met with Senator Muhammad Javed Abbasi in the chair, a
Published 04 Oct, 2016 12:00am
PVMA elects office-bearers

PVMA elects office-bearers

Izaz Ilahi Malik has been elected Chairman Pakistan Vanaspati Manufacturers Association (PVMA) for the year 2016-17. Hamid Waheed and Rana Muhammad Arsalan Khan were also unanimously elected Senior Vice Chairman and Vice Chairman respectively. Izaz Ilahi
Published 04 Oct, 2016 12:00am
Abbott Laboratories (Pakistan) Limited

Abbott Laboratories (Pakistan) Limited

Abbott Laboratories is an all-inclusive healthcare company which was founded in 1888. It has presence in over 150 countries and has 74,000 employees working under its name. In 2015, Abbott's global operations revenue was more than USD 20 billion. The
Published 04 Oct, 2016 12:00am
Abbott Laboratories (Pakistan) Limited

Abbott Laboratories (Pakistan) Limited

Abbott Laboratories is an all-inclusive healthcare company which was founded in 1888. It has presence in over 150 countries and has 74,000 employees working under its name. In 2015, Abbott's global operations revenue was more than USD 20 billion. The
Published 04 Oct, 2016 12:00am
PESA condemns Indian attack on border posts

PESA condemns Indian attack on border posts

The Pakistan Ex-servicemen Association (PESA) on Monday strongly condemned the Indian armed violation of Line of Control (LoC) in Jammu & Kashmir by attacking two Pakistani border posts and calling that a 'surgical strike'. PESA paid glowing tributes to P
Published 04 Oct, 2016 12:00am
New era of socio-economic revolution begins under CPEC: Shahbaz

New era of socio-economic revolution begins under CPEC: Shahbaz

Punjab Chief Minister Shahbaz Sharif said on Monday that a new era of socio-economic revolution has begun in the country under China-Pakistan Economic Corridor (CPEC). In a statement, Shahbaz said $46 billion Chinese investment in the country is a proof o
Published 04 Oct, 2016 12:00am
PML-N MPA seeks ban on Indian movies

PML-N MPA seeks ban on Indian movies

The ruling Pakistan Muslim League-Nawaz (PML-N) MPA Hina Pervez Butt has moved a resolution in the provincial assembly of the Punjab seeking a ban on Indian movies and dramas on cinema houses and TV channels. The resolution, which was submitted in the Ass
Published 04 Oct, 2016 12:00am
Traders ask government to reduce GST

Traders ask government to reduce GST

The businesses asked the government to scale back the GST rate to a single digit to improve purchasing power of the poor, saying that the inflation has affected the ordinary citizens' living standards and population of poor is increasing. Despite peace in
Published 04 Oct, 2016 12:00am
Railways introduce e-ticketing system

Railways introduce e-ticketing system

Federal Minister for Railways Khawaja Saad Rafique on Monday officially launched electronic ticketing system to facilitate the passengers. The state-of-the-art ticketing system was launched in a ceremony held at the PR Headquarters. After the inauguration
Published 04 Oct, 2016 12:00am
ICAP CFO Conference held in Dubai

ICAP CFO Conference held in Dubai

The Institute of Chartered Accountants of Pakistan (ICAP) organised its annual CFO Conference Middle East in collaboration with the International Federation of Accountants (IFAC) at Atlantis, The Palm, Dubai on September 28, 2016. Attended by more than 60
Published 04 Oct, 2016 12:00am
Three-day international carpet exhibition to begin from Thursday

Three-day international carpet exhibition to begin from Thursday

The Pakistan Carpet Manufacturers and Exporters Association in collaboration with the Trade Development Authority of Pakistan will organise 34th three-day Pakistan International Handmade Carpet Exhibition on October 6-8 in the provincial metropolis.
Published 04 Oct, 2016 12:00am
'Kaira may be next president of PPP Punjab'

'Kaira may be next president of PPP Punjab'

Qamar Zaman Kaira may be next president of the Pakistan Peoples' Party Punjab, said party sources on Monday. Head of the co-ordination committee for central Punjab, Chaudhry Manzoor Ahmed, said he would submit the committee's recommendations to the party
Published 04 Oct, 2016 12:00am
Punjab agriculture department launches Rs 4.34 billion project
Cotton

Punjab agriculture department launches Rs 4.34 billion project

The Punjab agriculture department has launched Rs 4.34 billion programme to collect 592,000 soil samples from the cultivated land across the province in order to guide the growers about these samples for balanced and rational use of chemical fertilisers.
Published 04 Oct, 2016 12:00am
Musharraf trying to let down democratic forces: Rabbani

Musharraf trying to let down democratic forces: Rabbani

Chairman Senate Raza Rabbani on Monday strongly reacted to former military dictator General Pervez Musharraf's (Retd) statement, saying the dictator is not intimidating rather he is trying to let down the democratic forces. In an interview to a foreign me
Published 04 Oct, 2016 12:00am
'Public sector fails to provide basic facilities to masses'

'Public sector fails to provide basic facilities to masses'

Qazi Azmat Isa of Pakistan Poverty Alleviation Fund (PPAF) has regretted that public sector has failed completely in providing basic facilities to people and the gap between the poor and rich has widened in recent years. Speaking at stakeholders' dialogue
Published 04 Oct, 2016 12:00am
Over Rs 13 billion irregularities detected in Railways

Over Rs 13 billion irregularities detected in Railways

The Auditor General of Pakistan (AGP) has detected misappropriation, irregularities, mismanagement and operational inefficiencies of over Rs 13 billion in the Pakistan Railways, which is facing serious financial crisis. The audit report on the accounts of
Published 04 Oct, 2016 12:00am
Pakistan to attend 'Defence exchanges' forum in China next week

Pakistan to attend 'Defence exchanges' forum in China next week

A spokesman of Chinese Defence Ministry Senior Colonel Yang Yujun has announced that 7th Xiangshan Forum co-hosted by the China Association of Military Science and the China Institute for International Strategic Studies will be held from October 10 to 12.
Published 04 Oct, 2016 12:00am
COMSATS currently ranks country's No 1 university: Rector

COMSATS currently ranks country's No 1 university: Rector

Dr Syed Muhammad Junaid Zaidi, Rector COMSATS Institute of Information Technology has said that COMSATS is now currently ranked No 1 university in the country out of 180 universities and had set target to enter in the club of top 500 universities of the w
Published 04 Oct, 2016 12:00am
No loadshedding during Majalis: K-E

No loadshedding during Majalis: K-E

As part of its plan of facilitating commemorative meetings and processions on the occasion of Muharram-ul- Haram, K-Electric has decided that there will be no loadshedding at major locations of Muharram Majalis. During the holy month, KE's team will remai
Published 04 Oct, 2016 12:00am
Saudi Arabia releases $1 billion to help lay off Pakistanis, others

Saudi Arabia releases $1 billion to help lay off Pakistanis, others

Saudi Arabia has paid about $1 billion to Saudi Binladin Group, its biggest construction company as part of the kingdom's efforts to help the laid-off migrant community including Pakistanis to cope with job loss. Last month, the Binladen Group was paid be
Published 04 Oct, 2016 12:00am
Zong to add 1,000 4G sites

Zong to add 1,000 4G sites

Zong will add an additional 1,000 4G sites across Pakistan during the year. This news was shared on Monday after the company achieved its 2016 4G rollout plan, 3 months ahead of schedule, showing an outstanding execution of its 4G roll out site plan.
Published 04 Oct, 2016 12:00am
Religious leaders underscore need for greater interfaith harmony

Religious leaders underscore need for greater interfaith harmony

Religious leaders have stressed the need of interfaith harmony among all religions and sects and vowed to work together to promote the culture of tolerance, tranquility and peaceful coexistence. Speaking at a news conference at press club here on Monday,
Published 04 Oct, 2016 12:00am
New 'Apprenticeship Act' to be submitted to cabinet soon: minister

New 'Apprenticeship Act' to be submitted to cabinet soon: minister

Minister of State for Federal Education and Professional Training, Muhammad Baligh-ur-Rehman said on Monday that new "Apprenticeship Act" would be submitted to the Cabinet soon with an aim to provide more opportunities to youth. He said this while address
Published 04 Oct, 2016 12:00am
Indian brutalities: Sultan Mahmood to stage 'million march' in Brussels

Indian brutalities: Sultan Mahmood to stage 'million march' in Brussels

AJK former Prime Minister and President PTI (Azad Kashmir) Barrister Sultan Mahmood Chaudhry has announced to stage a million march in Brussels (Belgium) on October 27 and after million marches in London, New York, it was necessary to hold a million march
Published 04 Oct, 2016 12:00am
KP police finalise foolproof security arrangements for Muharram

KP police finalise foolproof security arrangements for Muharram

The Khyber Pakhtunkhwa police have finalised foolproof security arrangements for peaceful observance of Muharram processions and Majalis started across the province on Monday. Five districts including Peshawar and Kohat, Hangu, D I Khan and Manshera have
Published 04 Oct, 2016 12:00am
Over Rs 122 billion misappropriation unearthed in PTA

Over Rs 122 billion misappropriation unearthed in PTA

The Auditor General of Pakistan (AGP) has detected misappropriation, irregularities, mismanagement and operational inefficiencies of over Rs 122 billion in Pakistan Telecommunication Authority (PTA). The audit report on the accounts of Telecommunication S
Published 04 Oct, 2016 12:00am
Mineral extraction: speakers call for adopting modern techniques

Mineral extraction: speakers call for adopting modern techniques

Speakers at the 2nd international conference on sustainable utilisation of natural resources have urged the need for adopting modern techniques of mineral extraction in order to save the non-renewable capital from getting wasted. They said that the poor e
Published 04 Oct, 2016 12:00am
Tarbela 4th extension project: Wapda chairman reviews construction work

Tarbela 4th extension project: Wapda chairman reviews construction work

Pakistan Water and Power Development Authority (WAPDA) Chairman Lieutenant General Muzammil Hussain (Retd) has emphasised upon the project management to put in their maximum to complete the 1410 MW-Tarbela 4th extension hydropower project as early as poss
Published 04 Oct, 2016 12:00am
KMC Council for allowing Waseem to attend session

KMC Council for allowing Waseem to attend session

Karachi Metropolitan Corporation (KMC) Council urged the relevant authorities on Monday to ensure participation of the mayor Waseem Akhtar, presently an under trial prisoner (UTP), at the council sessions. The KMC council representatives expressed grave c
Published 04 Oct, 2016 12:00am
FIA arrests two POs, one human trafficker

FIA arrests two POs, one human trafficker

Anti-human trafficking cell (AHTC) of the Federal Investigation Agency (FIA) has arrested two proclaimed offenders and one human smuggler: As per details, the proclaimed offender Mushtaq Ahmed, who is resident of Chichawatni Sahiwal, wanted to FIA AHTC in
Published 04 Oct, 2016 12:00am
Khattak asks Centre to declare western route as integral part of CPEC

Khattak asks Centre to declare western route as integral part of CPEC

KP Chief Minister Pervez Khattak has asked the federal government to declare western route as integral part of the CPEC. While talking to the Peshawar based bureau chiefs of electronic media at CM House, Peshawar on Monday, he said, the Prime Minister in
Published 04 Oct, 2016 12:00am
LHC moved against proposed increase in POL sales tax

LHC moved against proposed increase in POL sales tax

The Lahore High Court on Monday sought reply from the Petroleum Ministry and Ogra in a petition against proposed increase of 17 percent sales tax on oil products within fortnight. The petitioner, Opposition Leader in Punjab Assembly, Mian Mahmood-ur-Rashe
Published 04 Oct, 2016 12:00am
All-out efforts to be made for industry promotion: SIMAP chief

All-out efforts to be made for industry promotion: SIMAP chief

The newly-elected Chairman of Surgical Instruments Manufacturing Association of Pakistan (SIMAP), Jahangeer Babar Bajwa has said that all-out efforts would be made for the promotion of the industry and to resolve its problems.
Published 04 Oct, 2016 12:00am
Admission in colleges: LHC suspends HED's conditional notification

Admission in colleges: LHC suspends HED's conditional notification

The Lahore High Court (LHC) on Monday suspended a notification of the Higher Education Department (HED) that bars admission in intermediate after a gap of five years of passing the Matric exam. The court also directed the Faisalabad education board to ent
Published 04 Oct, 2016 12:00am
Australian HC for exploring trade, investment opportunities

Australian HC for exploring trade, investment opportunities

Australian High Commissioner Margaret Adamson has said Australia can play a pivotal role in shaping Pakistan's economy by providing technical support in livestock and dairy farming. Speaking at a dinner reception hosted in her honour by Chairman of Pakist
Published 04 Oct, 2016 12:00am
Payment of pension: LHC CJ extends last chance to government

Payment of pension: LHC CJ extends last chance to government

Lahore High Court Chief Justice Syed Mansoor Ali Shah on Monday expressed serious concerns over non-payment of pension to the retired officials and observed that contempt proceedings would be started against the government. The CJ adjourned the proceeding
Published 04 Oct, 2016 12:00am
FY2015-16: net profit of Gul Ahmed Textile surges to Rs 1141.430 million

FY2015-16: net profit of Gul Ahmed Textile surges to Rs 1141.430 million

The profit after tax of Gul Ahmed Textile Mills Limited has increased to Rs 1,141.430 million in the year ended June 30, 2016 (FY16) as compared to Rs 604.943 million earned in FY15. The company's earning per share surged to Rs 4.27 in the period under re
Published 04 Oct, 2016 12:00am
FY2015-16: net profit of Gul Ahmed Textile surges to Rs 1141.430 million

FY2015-16: net profit of Gul Ahmed Textile surges to Rs 1141.430 million

The profit after tax of Gul Ahmed Textile Mills Limited has increased to Rs 1,141.430 million in the year ended June 30, 2016 (FY16) as compared to Rs 604.943 million earned in FY15. The company's earning per share surged to Rs 4.27 in the period under re
Published 04 Oct, 2016 12:00am
Corporate Rehabilitation Bill 2015 referred to the Senate panel

Corporate Rehabilitation Bill 2015 referred to the Senate panel

The Chairman Senate Raza Rabbani on Monday referred a bill - "The Corporate Rehabilitation Bill, 2015" - to the House panel concerned for re-consideration after the rare question of propriety rights arose as the Chairman of the Standing Committee had vote
Published 04 Oct, 2016 12:00am
Industrial zones' uplift: HCCI welcomes Murad's announcement

Industrial zones' uplift: HCCI welcomes Murad's announcement

Senior Vice President Hyderabad Chamber of Commerce and Industry Turab Ali Khoja has welcomed the announcement of Sindh Chief Minister Syed Murad Ali Shah for planning and development of industrial zones of the province with the release of development gra
Published 04 Oct, 2016 12:00am
Corps Commander, Sindh chief minister discuss NAP implementation

Corps Commander, Sindh chief minister discuss NAP implementation

Sindh Chief Minister Syed Murad Ali Shah and Corps Commander Karachi Lieutenant General Naveed Mukhtar on Monday discussed the progress on the decisions made at the Apex Committee, over all law and order situation in the province, security arrangements du
Published 04 Oct, 2016 12:00am
Cotton growers warned of pest, viral attacks
Cotton

Cotton growers warned of pest, viral attacks

The Met Office on Monday warned the farmers of pest and viral attacks on the cotton crops during the continuing hot and humid weather. The Met asked the growers to step up precautionary measures to protect the standing crop. It also urged those farmers re
Published 04 Oct, 2016 12:00am
PBIF president urges government to take rising oil prices seriously

PBIF president urges government to take rising oil prices seriously

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain said on Monday that expected rise in oil prices should be taken seriously because it would damage economy. He said that oil prices remained subdued for three years but now
Published 04 Oct, 2016 12:00am
Belarusian President due today

Belarusian President due today

President of Republic of Belarus Alexander Lukashenko is scheduled to visit Pakistan from October 4-6, at the invitation of the Prime Minister Nawaz Sharif. This will be the third leadership level visit from Belarus and second by Alexander Lukashenko in 1
Published 04 Oct, 2016 12:00am
ICE cotton up on weather concerns, grains rally
Cotton

ICE cotton up on weather concerns, grains rally

Cotton futures on Monday marked their biggest intra-day percentage gain in nearly two weeks, supported by a rally in the grains markets and concerns that hurricane Matthew may hit the cotton producing belt of North Carolina. "Cotton bounced based on a sli
Published 04 Oct, 2016 12:00am
Oil settles above $50 as Iran calls for non-Opec support

Oil settles above $50 as Iran calls for non-Opec support

Oil rose more than 1 percent on Monday, with Brent settling above $50 a barrel the first time since August and US crude hitting three-month highs, after Iran exhorted the need for other oil producers to join Opec in supporting the market. The dollar's ret
Published 04 Oct, 2016 12:00am
US MIDDAY: corn jumps

US MIDDAY: corn jumps

US corn futures jumped to a 10-1/2 week high on Monday, lifted by trades that simultaneously bought the grain and sold wheat, after last week's report on supplies by the US Department of Agriculture. Chicago wheat slipped, while soyabeans rose to their hi
Published 04 Oct, 2016 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold prices slipped on Monday as the dollar gained on stronger-than-expected US manufacturing data and investors awaited jobs data later this week for clues about whether US interest rates would rise by the year-end. Spot gold reversed gains to fall 0.3 p
Published 04 Oct, 2016 12:00am
'The CPEC factor'

'The CPEC factor'

This is apropos a Business Recorder op-ed "Indo-Pak tension: The CPEC factor" carried by the newspaper on Sunday. The writer seems to have raised a highly interesting point in relation to the ongoing India-Pakistan tension and the profundity of the
Published 04 Oct, 2016 12:00am
Insured crabs, tea help China's farmers avoid extreme weather losses

Insured crabs, tea help China's farmers avoid extreme weather losses

Ma Rongda, a tea grower for nearly 30 years, knows how badly his business can be affected by extreme weather. But when heavy snow and cold hit his tea garden earlier this year, Ma was not as worried as he used to be. "I bought insurance for my tea plantat
Published 04 Oct, 2016 12:00am
'Education emergency' in Sindh: A half-baked pronouncement

'Education emergency' in Sindh: A half-baked pronouncement

Wind of change regarding education has started blowing in Sindh after long time. Chief Minister Sindh Syed Murad Ali Shah presided his first-ever meeting to announce an 'Education Emergency' in Sindh. It was decided to bifurcate Education & Literacy depar
Published 04 Oct, 2016 12:00am
Some leadership it is!

Some leadership it is!

The US kept mum over the latest spell of Indian atrocities in Indian-occupied Kashmir (IoK). However, it is concerned over the latest round of cross-border firing on the Line of Control (LoC), but only wants both countries to reach a "negotiated" settleme
Published 04 Oct, 2016 12:00am
An ominous confrontation over accountability

An ominous confrontation over accountability

As promised by the PTI Chairman, Imran Khan, the party's Friday's rally near Prime Minister Nawaz Sharif's Lahore residence to press for his accountability in the Panama Papers scandal proved to be momentous both in terms of attendance and the 'big announ
Published 04 Oct, 2016 12:00am
Depressing global forecasts

Depressing global forecasts

Latest reports about the world economy are quite depressing. The World Trade Organisation (WTO) on 27th September, 2016 reduced its global trade forecast, warning that anti-globalisation rhetoric and Brexit were pushing trade growth to its slowest pace si
Published 04 Oct, 2016 12:00am
Colombian government, FARC scramble to save peace deal

Colombian government, FARC scramble to save peace deal

The Colombian government and FARC rebels scrambled Monday to save a peace deal after voters narrowly rejected it in a referendum, throwing the four-year-old peace process into uncertainty. The shock result prompted the government's chief peace negotiator
Published 04 Oct, 2016 12:00am
Colombian government, FARC scramble to save peace deal

Colombian government, FARC scramble to save peace deal

The Colombian government and FARC rebels scrambled Monday to save a peace deal after voters narrowly rejected it in a referendum, throwing the four-year-old peace process into uncertainty. The shock result prompted the government's chief peace negotiator
Published 04 Oct, 2016 12:00am
Reliance, Dassault strike defence pact

Reliance, Dassault strike defence pact

India''''s Reliance Group and France''''s Dassault have signed a lucrative defence partnership as part of a fighter jet deal agreed between the two nations last month, the companies said Monday. India signed a contract to buy 36 Rafale fighter jets for 7.
Published 04 Oct, 2016 12:00am
Reliance, Dassault strike defence pact

Reliance, Dassault strike defence pact

India''s Reliance Group and France''s Dassault have signed a lucrative defence partnership as part of a fighter jet deal agreed between the two nations last month, the companies said Monday. India signed a contract to buy 36 Rafale fighter jets for 7.9 bi
Published 04 Oct, 2016 12:00am
Reliance, Dassault strike defence pact

Reliance, Dassault strike defence pact

India's Reliance Group and France's Dassault have signed a lucrative defence partnership as part of a fighter jet deal agreed between the two nations last month, the companies said Monday. India signed a contract to buy 36 Rafale fighter jets for 7.9 bill
Published 04 Oct, 2016 12:00am
Reliance, Dassault strike defence pact

Reliance, Dassault strike defence pact

India's Reliance Group and France's Dassault have signed a lucrative defence partnership as part of a fighter jet deal agreed between the two nations last month, the companies said Monday. India signed a contract to buy 36 Rafale fighter jets for 7.9 bill
Published 04 Oct, 2016 12:00am
Q1 CPI inflation up by 3.86 percent YoY

Q1 CPI inflation up by 3.86 percent YoY

The CPI inflation has increased by 3.86 percent during the first quarter of the current fiscal year over the same period of last fiscal year, according to Pakistan Bureau of Statistics (PBS). The Consumer Price Index (CPI) statistics released by the PBS o
Published 04 Oct, 2016 12:00am
Q1 CPI inflation up by 3.86 percent YoY

Q1 CPI inflation up by 3.86 percent YoY

The CPI inflation has increased by 3.86 percent during the first quarter of the current fiscal year over the same period of last fiscal year, according to Pakistan Bureau of Statistics (PBS). The Consumer Price Index (CPI) statistics released by the PBS o
Published 04 Oct, 2016 12:00am
Q1 CPI inflation up by 3.86 percent YoY

Q1 CPI inflation up by 3.86 percent YoY

The CPI inflation has increased by 3.86 percent during the first quarter of the current fiscal year over the same period of last fiscal year, according to Pakistan Bureau of Statistics (PBS). The Consumer Price Index (CPI) statistics released by the PBS o
Published 04 Oct, 2016 12:00am
Railways to buy 55 locomotives from US: National Assembly informed

Railways to buy 55 locomotives from US: National Assembly informed

Pakistan Railways is purchasing 55 locomotives from United States at a cost of US $213,689 million, the National Assembly was informed Monday. "On finalisation of a competitive bidding process, Pakistan Railways signed a contract agreement amounting to $2
Published 04 Oct, 2016 12:00am
Railways to buy 55 locomotives from US: National Assembly informed

Railways to buy 55 locomotives from US: National Assembly informed

Pakistan Railways is purchasing 55 locomotives from United States at a cost of US $213,689 million, the National Assembly was informed Monday. "On finalisation of a competitive bidding process, Pakistan Railways signed a contract agreement amounting to $2
Published 04 Oct, 2016 12:00am
Railways to buy 55 locomotives from US: National Assembly informed

Railways to buy 55 locomotives from US: National Assembly informed

Pakistan Railways is purchasing 55 locomotives from United States at a cost of US $213,689 million, the National Assembly was informed Monday. "On finalisation of a competitive bidding process, Pakistan Railways signed a contract agreement amounting to $2
Published 04 Oct, 2016 12:00am
HBFCL suspends loan facility

HBFCL suspends loan facility

House Building Finance Company Limited (HBFCL) has abruptly suspended its loan facility, putting multi-billion residential projects across the country at stake; it was learnt. Sources said that the Head of Credit & Risk Management, HBFCL on the directives
Published 04 Oct, 2016 12:00am
HBFCL suspends loan facility

HBFCL suspends loan facility

House Building Finance Company Limited (HBFCL) has abruptly suspended its loan facility, putting multi-billion residential projects across the country at stake; it was learnt. Sources said that the Head of Credit & Risk Management, HBFCL on the directives
Published 04 Oct, 2016 12:00am
HBFCL suspends loan facility

HBFCL suspends loan facility

House Building Finance Company Limited (HBFCL) has abruptly suspended its loan facility, putting multi-billion residential projects across the country at stake; it was learnt. Sources said that the Head of Credit & Risk Management, HBFCL on the directives
Published 04 Oct, 2016 12:00am
US suspends Syria ceasefire talks with Russia

US suspends Syria ceasefire talks with Russia

The United States on Monday suspended negotiations with Russia on efforts to revive a failed ceasefire in Syria and set up a joint military cell to target jihadists. "This is not a decision that was taken lightly," State Department spokesman John Kirby sa
Published 04 Oct, 2016 12:00am
US suspends Syria ceasefire talks with Russia

US suspends Syria ceasefire talks with Russia

The United States on Monday suspended negotiations with Russia on efforts to revive a failed ceasefire in Syria and set up a joint military cell to target jihadists. "This is not a decision that was taken lightly," State Department spokesman John Kirby sa
Published 04 Oct, 2016 12:00am
AGP detects massive irregularities in PSM

AGP detects massive irregularities in PSM

The Auditor General of Pakistan has detected millions of rupees financial irregularities in Pakistan Steel Mills (PSM) - future of which is hanging in the balance. The audit report 2015-16 has revealed that the sale of the corporation declined by 24.7 per
Published 04 Oct, 2016 12:00am
AGP detects massive irregularities in PSM

AGP detects massive irregularities in PSM

The Auditor General of Pakistan has detected millions of rupees financial irregularities in Pakistan Steel Mills (PSM) - future of which is hanging in the balance. The audit report 2015-16 has revealed that the sale of the corporation declined by 24.7 per
Published 04 Oct, 2016 12:00am
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