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Print - 2016-10-11
PESCO BoD approves power transmission purchases

PESCO BoD approves power transmission purchases

111th meeting of the Board of Directors (BoD) of Peshawar Electric Supply Company (PESCO) was held at Wapda House, Peshawar. Chairman BoD PESCO Malik Muhammad Asad Khan presided over the meeting. Company Secretary presented Minutes of 110th BOD meeting wh
Published 11 Oct, 2016 12:00am
Maleeha attracts world body's attention to continued killings in Kashmir

Maleeha attracts world body's attention to continued killings in Kashmir

Pakistan's Ambassador to the UN, Maleeha Lodhi on Sunday focused the world body's attention to the continued killings in Kashmir, saying that the brutalization of people struggling for their legitimate right to self-determination constitutes "state terror
Published 11 Oct, 2016 12:00am
Tevta announces demand-driven short course

Tevta announces demand-driven short course

Technical Education and Vocational Training Authority (TEVTA) has introduced demand driven short course for customer support executives. Custom Support Executive (Domestic) Classes has been started at Government College of Technology Railway Road and Gove
Published 11 Oct, 2016 12:00am
UAF signs MoU with Chinese university

UAF signs MoU with Chinese university

Fujian Agriculture and Forestry University (FAFU) China and the University of Agriculture Faisalabad (UAF) on Monday inked a Memorandum of Understanding to collaborate in education and research and area of mutual concern. The MoU was inked by UAF Vice Cha
Published 11 Oct, 2016 12:00am
Sustained economic growth not possible without structural reforms: IPR

Sustained economic growth not possible without structural reforms: IPR

Economic growth rate of Pakistan has picked up modestly in 2015-16. However, no visible steps were taken by the government to address structural issues faced by the economy. This has been stated in the annual review of the economy 2015-16 released on Mond
Published 11 Oct, 2016 12:00am
Self-employment: project launched to train 13,360 youth

Self-employment: project launched to train 13,360 youth

The Small and Medium Enterprises Development Authority (SMEDA) has arranged a training programme for trainers to implement a self-employment scheme designed in collaboration with the United Nations Development Program (UNDP).
Published 11 Oct, 2016 12:00am
Seminar held on peace, tolerance & harmony

Seminar held on peace, tolerance & harmony

A seminar on peace, tolerance and harmony was held here at main campus of Tanzeem Al-Lisan under the arrangements of Divisional Information Office Faisalabad. MPA Haji Khalid Saeed was the chief guest on the occasion while member Ittehad Bainul Muslimeen
Published 11 Oct, 2016 12:00am
World Mental Health Day marked to make people aware of prevalence

World Mental Health Day marked to make people aware of prevalence

With the theme "Psychological First Aid," the 'World Mental Health Day-2016' was marked here on Monday like other parts of the globe, with a firm resolve to make the people aware of the prevalence of mental disorders and their impact on national productiv
Published 11 Oct, 2016 12:00am
Gilani rejects impression of conceding space to Bilawal

Gilani rejects impression of conceding space to Bilawal

Senior Vice Chairman of Pakistan Peoples Party Yousuf Raza Gilani has categorically rejected the impression of "overpowering Bilawal" saying he was serving the party in South Punjab on personal request of Bilawal Bhutto. Reacting to a story appeared in <i
Published 11 Oct, 2016 12:00am
Shahbaz reviews security plan for Muharram

Shahbaz reviews security plan for Muharram

Punjab Chief Minister Shahbaz Sharif presided over a meeting of provincial cabinet committee on law and order, here on Monday to review security plan evolved for ensuring peace and harmony during Muharram. Home Secretary and Inspector General Police gave
Published 11 Oct, 2016 12:00am
LCCI opposes 36 percent hike in gas tariff

LCCI opposes 36 percent hike in gas tariff

The Lahore Chamber of Commerce and Industry while criticising the Oil and Gas Regulatory Authority (OGRA) for making huge increase of 36 percent in gas tariff has demanded of the government to reject the OGRA summary.
Published 11 Oct, 2016 12:00am
Dar hailed for achieving award

Dar hailed for achieving award

President of Multan Chamber of Commerce & Industry (MCCI) Khawaja Jalaluddin Roomi has felicitated the Federal Finance Minister Senator Mohammad Ishaq Dar on the declaration of as "Finance Minister of the year 2016 for South Asia" by world's development b
Published 11 Oct, 2016 12:00am
Government approves Rs 183 million for Lahore zoo

Government approves Rs 183 million for Lahore zoo

The Punjab planning and development department has approved Rs 183 million for the Lahore Zoological Gardens to bring new animals and birds after revising the actual PC-I of Rs 332 million submitted by the zoo authorities. Sources in the Lahore Zoo told t
Published 11 Oct, 2016 12:00am
Sugarcane growers: KBP urges government to ensure early payments
Cotton

Sugarcane growers: KBP urges government to ensure early payments

Kissan Board Pakistan (KBP) Central President Chaudhry Nisar Ahmad has called upon the government to draft agricultural-friendly policies and ensure payment to sugarcane growers in order to save the farmers from different mental diseases. In a statement i
Published 11 Oct, 2016 12:00am
CJ FSC, judges visit Ombudsman's Secretariat

CJ FSC, judges visit Ombudsman's Secretariat

The Chief Justice Federal Shariat Court (FSC), Justice Riaz Ahmed Khan has said that the institution of Ombudsman is best suited for resolving common man's problems, which otherwise would result in long litigations at formal courts. The Chief Justice stat
Published 11 Oct, 2016 12:00am
ACCA Pakistan releases report

ACCA Pakistan releases report

The Association of Chartered Certified Accountants (ACCA) has released a new report as part of Research and Insight (R&I). The report looks at the boom of Financial Technology (FinTech), its impact on the financial service landscape, and how it will offer
Published 11 Oct, 2016 12:00am
President Royal Australian College meets Rajwana

President Royal Australian College meets Rajwana

Punjab governor Muhammad Rafique Rajwana has said the government was taking steps for ensuring provision of quality medical facilities to people. He said this while talking to President Royal Australian College of Surgeons Professor Michel J Hollands who
Published 11 Oct, 2016 12:00am
FFC holds symposium on 'Operational Excellence'

FFC holds symposium on 'Operational Excellence'

Fauji Fertiliser Company (FFC) organized a two days Symposium on Operational Excellence at its head office in Rawalpindi. Professionals from Various national and international companies participated in the event. The main aim of the event was to provide a
Published 11 Oct, 2016 12:00am
Management body formed for safari hunting

Management body formed for safari hunting

The Punjab Wildlife & Parks Department has constituted management and operational committees for arranging 'black buck and chinkara safari hunting' in Cholistan during the month of October-November this year. The adventurers and hunters can participate in
Published 11 Oct, 2016 12:00am
LHC declares shifting of five sugar mills illegal

LHC declares shifting of five sugar mills illegal

The Lahore High Court on Monday declared shifting of five sugar mills owned by close relatives of Prime Minister Nawaz Sharif as illegal. The court also set aside two notifications issued by secretary industries that allowed shifting of Chaudhry Sugar Mil
Published 11 Oct, 2016 12:00am
PTI shutdown call to destabilise country: PML-N

PTI shutdown call to destabilise country: PML-N

Pakistan Muslim League-Nawaz provincial leader Arbab Khizer Hayat Monday said that the Islamabad's shutdown call of PTI Chief Imran Khan is aimed at to destabilise the country. "PMLN would launch strong protest besides staging a sit-in against Imran Khan,
Published 11 Oct, 2016 12:00am
Participants of National Management Course visit NHA

Participants of National Management Course visit NHA

The participants of Inland Study Tour of 105th National Management Course visited NHA head office where they were given a detailed briefing about the organisation and its administrative and financial affairs as well as an overview of development projects
Published 11 Oct, 2016 12:00am
Sartaj Aziz leads delegation to 2nd ACD Summit

Sartaj Aziz leads delegation to 2nd ACD Summit

Sartaj Aziz, Adviser to the Prime Minister on Foreign Affairs led Pakistan's delegation to the 2nd Asia Cooperation Dialogue (ACD) Summit in Bangkok on Monday. The ACD is a forum of 34 Asian countries, which aims to strengthen regional cooperation by inco
Published 11 Oct, 2016 12:00am
Interior Minister reviews security arrangements

Interior Minister reviews security arrangements

The Interior Minister Chaudhry Nisar Ali Khan on Monday chaired a high-level security meeting to review the law and order situation and arrangements made for Muharram. The Interior Minister also reviewed requests forwarded by the provinces for jamming of
Published 11 Oct, 2016 12:00am
12,000 police personnel to be deployed in Peshawar

12,000 police personnel to be deployed in Peshawar

Security has beefed up ahead of Ashura here in provincial capital, as more than 12,000 police personnel have been deployed for protection of mourners' processions. The unprecedented security steps have been taken by deployment of police to keep check on e
Published 11 Oct, 2016 12:00am
JI demands withdrawal of increase in gas price

JI demands withdrawal of increase in gas price

Chief of Jamaat e Islami, Pakistan, Senator Sirajul Haq has said that miseries of people are increasing as a result of unprecedented rise in rates of essentials and demanded the withdrawal of increase in gas rates. Talking to different delegations at the
Published 11 Oct, 2016 12:00am
2005 earthquake: government completes only 56 percent of projects so far

2005 earthquake: government completes only 56 percent of projects so far

Despite the passage of 11 years, the government so far has completed only 56 percent of the projects related to earthquake-hit areas of October 8, 2005. As per official data of Earthquake Reconstruction and Rehabilitation Authority (ERRA) obtained by Busi
Published 11 Oct, 2016 12:00am
Best Central Bank Governor Award: Queen Maxima felicitates Wathra

Best Central Bank Governor Award: Queen Maxima felicitates Wathra

Her Majesty Queen Maxima of the Netherlands felicitated Governor State Bank of Pakistan (SBP) Ashraf Mahmood Wathra on receiving the Best Central Bank Governor Award by the Euromoney, during their meeting in Washington DC, USA on October 08. Queen Maxima
Published 11 Oct, 2016 12:00am
Pakistan has potential to increase exports to Argentina: PBC

Pakistan has potential to increase exports to Argentina: PBC

Pakistan has potential to increase its export to Argentina at significant level. According to the study conducted by Pakistan Business Council (PBC) on South American countries, Argentine's trade with Pakistan has been increasing during last three years a
Published 11 Oct, 2016 12:00am
TRG profit rises to Rs 97.162 million

TRG profit rises to Rs 97.162 million

The profit after tax of TRG Pakistan Limited rose to Rs 97.162 million in the year ended June 30, 2016 (FY16) as compared to Rs 1.979 million earned in FY15. The company's earning per share surged to Rs 0.180 in the period under review against Rs 0.004 in
Published 11 Oct, 2016 12:00am
No loadshedding on 9th & 10th of Muharram: K-Electric

No loadshedding on 9th & 10th of Muharram: K-Electric

K-Electric announced on Monday that the utility service provider would be exempting areas from loadshedding on the 9th and 10th of Muharram in order to facilitate its consumers and the Muharram processions. The power utility had already announced that uni
Published 11 Oct, 2016 12:00am
8th Muharram: procession gets fool-proof security

8th Muharram: procession gets fool-proof security

The 8th Muharram-ul-Haram procession which was taken out Monday morning from Nashter Park ended at Hussainian Iranian Imambargah, Kharadar peacefully after passing through traditional routes, amid tight security. The procession passed through Mehfil-e-Sha
Published 11 Oct, 2016 12:00am
PFA imposes fine on food outlets

PFA imposes fine on food outlets

The Punjab Food Authority (PFA) on Monday imposed fine on 10 different food outlets in the provincial metropolis on the charges of unsatisfactory hygienic situation of the premises and violation of other rules. PFA teams during their raids in different ar
Published 11 Oct, 2016 12:00am
Meezan Bank, PCICL enter into strategic cooperation alliance

Meezan Bank, PCICL enter into strategic cooperation alliance

Meezan Bank, Pakistan's first and largest Islamic Bank has entered into a strategic cooperation alliance with Pak China Investment Company Limited (PCICL) for promotion of bilateral trade and investment between Pakistan and China. Ariful Islam Deputy CEO
Published 11 Oct, 2016 12:00am
SIU arrests three electric transformers thieves

SIU arrests three electric transformers thieves

Special Investigation Unit (SIU) of Islamabad Police has arrested three persons for their alleged involvement in taking away electric transformers from various areas of the city in past, the police said. They have been identified as Shahbaz, Adnan and Ash
Published 11 Oct, 2016 12:00am
Terrorist killed in Sibbi

Terrorist killed in Sibbi

Personnel of intelligence agency and Frontier Corps (FC) conducted a raid in Sibi area of Lehri and killed a terrorist in exchange of gunfire on Monday. According to FC spokesman, the armed encounter took place in Sibi area of Lehri in Monday's dark hours
Published 11 Oct, 2016 12:00am
PTI not to contest Shikarpur by-election

PTI not to contest Shikarpur by-election

Pakistan Tehreek-e-Insaf on Monday said that it would not contest by-election on PS-11 Shikarpur. Information Secretary PTI Sindh Dua Zubair said that PTI would not contest the by-election and decided not to support any candidate. According to party annou
Published 11 Oct, 2016 12:00am
Karsaz blast day rally: Chandio optimistic about prospects

Karsaz blast day rally: Chandio optimistic about prospects

The Advisor to Sindh Chief Minister on Information Moula Bux Chandio has claimed that PPP Chairperson Bilawal Bhutto Zardari will give a surprise to political forces by leading a big rally on October 16, 2016 scheduled to pay tributes to martyrs of Karsaz
Published 11 Oct, 2016 12:00am
HMC declares emergency on 9th, 10th Muharram

HMC declares emergency on 9th, 10th Muharram

The Director Medical Services Hyderabad Metropolitan Corporation Dr Imtiaz Ali Memon while declaring emergency on 9th and 10th Muharram-ul-Haram has called all doctors and paramedical staff on duty. He informed here on Monday that emergency has been decla
Published 11 Oct, 2016 12:00am
Pakistan's rank improves in corruption perception index: WEF report

Pakistan's rank improves in corruption perception index: WEF report

Pakistan has witnessed improvement by four notches from 126th to 122nd position in the corruption perception index 2016-17 as compared to previous year, says an annual Global Competitiveness report of WEF. The report was presented to Chairman National Acc
Published 11 Oct, 2016 12:00am
MOL Group launches scholarship program

MOL Group launches scholarship program

MOL Group, an international oil and gas company headquartered in Budapest, on Sunday launched 'FEMMe', a new scholarship program for 27 selected universities of 6 countries including Pakistan. The program is exclusively designed for female students who ar
Published 11 Oct, 2016 12:00am
Mushaal Malik calls on Senator Rehman Malik

Mushaal Malik calls on Senator Rehman Malik

Mushaal Hussein Malik on Monday called on Senator Rehman Malik Chairman Senate Standing Committee on Interior and Narcotics Control at his residence in Islamabad. Mushaal was accompanied by her three years daughter Raziya Sultana and her mother, a press r
Published 11 Oct, 2016 12:00am
OLMT project: PTI files application for impleadment as party

OLMT project: PTI files application for impleadment as party

President of Pakistan Tehreek-e-Insaf (PTI) Lahore district filed an application for impleadment as party to Orange Line Metro Train Project case, fixed for hearing on October 13. On August 19, 2016, the Lahore High Court stayed the construction work of O
Published 11 Oct, 2016 12:00am
Imran fine-tunes his strategy for Islamabad sit-in

Imran fine-tunes his strategy for Islamabad sit-in

Imran Khan, Chairman Pakistan Tehreek-e-Insaf (PTI) has reportedly fine-tuned a strategy to galvanise grassroots supporters for a Dharna (long sit-in) starting 30 October in the event that Prime Minister Nawaz Sharif does not accede to his demand: accept
Published 11 Oct, 2016 12:00am
China sugar imports climb 30 percent

China sugar imports climb 30 percent

China, the world's top sugar buyer, imported 360,000 tonnes of the sweetener in August, up 30.7 percent from the same period last year due to lower global prices when cargoes were purchased earlier in 2016. Chinese sugar imports have slowed overall this y
Published 11 Oct, 2016 12:00am
Shanghai nickel rises, copper flat

Shanghai nickel rises, copper flat

In other metals, Shanghai Futures Exchange nickel rose by 0.4 percent while ShFE copper cut early losses to turn flat. Shfe lead rallied 3.3 percent as momentum-based buying returned, and ShFE aluminium jumped 2.8 percent on Monday as Chinese markets retu
Published 11 Oct, 2016 12:00am
Zinc up but gains seen limited as supplies still ample, copper rises

Zinc up but gains seen limited as supplies still ample, copper rises

Zinc prices rose on Monday, boosted by expectations of shortages because of mine closures, though analysts say the metal is still readily available and further gains could be limited. Benchmark zinc on the London Metal Exchange finished with a 0.1 percent
Published 11 Oct, 2016 12:00am
Oil majors fixed prices in Bulgaria: watchdog

Oil majors fixed prices in Bulgaria: watchdog

Oil majors including Russia's Lukoil, Anglo-Dutch Shell and Austria's OMV formed a cartel to fix petrol and diesel prices, the country's competition watchdog said Monday after a lengthy investigation. The actions by the six firms, which also included Gree
Published 11 Oct, 2016 12:00am
Egypt has contracted to import 420,000 tonnes of sugar
Currency

Egypt has contracted to import 420,000 tonnes of sugar

Egypt has contracted for the import of 420,000 tonnes of sugar in co-ordination with the military in the "past few days" and will seek to import another 200,000 tonnes in the coming week, the government said on Saturday. "The Supply Ministry, in coordinat
Published 11 Oct, 2016 12:00am
Palm oil falls for second straight day

Palm oil falls for second straight day

Malaysian palm oil futures declined for a second straight session on Monday evening, weighed down by higher September end-stocks and on a technical correction. Benchmark palm oil futures for December on the Bursa Malaysia Derivatives Exchange were down 0.
Published 11 Oct, 2016 12:00am
Raw sugar turns lower, arabica coffee rises

Raw sugar turns lower, arabica coffee rises

Raw sugar futures on ICE turned lower on Monday, dipping after Friday's session saw the sweetener come within sight of a four-year peak. March raws were down 0.25 cent, or 1 percent, to 23.17 cents per lb at 1148 GMT. Dealers said a relatively unchanged l
Published 11 Oct, 2016 12:00am
Gold gains in Asia

Gold gains in Asia

Gold rose for the second straight session on Monday, after falling in the preceding eight, buoyed by post-holiday buying in China, while a slowdown in US job growth bolstered expectations that US interest rate hikes would only be gradual. Spot gold was up
Published 11 Oct, 2016 12:00am
Gold recovers in Europe after biggest weekly drop this year

Gold recovers in Europe after biggest weekly drop this year

Gold recovered on Monday from its biggest weekly drop since November after downbeat US payrolls data on Friday dampened speculation of a near-term interest rate hike and as Chinese buyers returned after the Golden Week holiday. The metal slid 4.5 percent
Published 11 Oct, 2016 12:00am
US rains, typhoons spur rally in China's edible oils

US rains, typhoons spur rally in China's edible oils

Torrential rain in the US Midwest and typhoons in China have spurred the biggest rally in years in China's canola and palm oil market as investors fretted about supplies in the world's top edible oil market, traders and analysts said on Thursday. The most
Published 11 Oct, 2016 12:00am
US MIDDAY: gold springs back

US MIDDAY: gold springs back

Gold recovered early on Monday from its biggest weekly drop since November after downbeat US payrolls data on Friday dampened speculation of a near-term interest rate hike and as Chinese buyers returned after the Golden Week holiday. The metal slid 4.5 pe
Published 11 Oct, 2016 12:00am
Cotton up on Hurricane Matthew crop damage
Cotton

Cotton up on Hurricane Matthew crop damage

Cotton futures rose on Monday on damage to crops by Hurricane Matthew in parts of the United States over the weekend and concerns over tensions between top producers India and Pakistan. Matthew, the most powerful Atlantic storm since 2007, was downgraded
Published 11 Oct, 2016 12:00am
Oil hits one-year high as Russia ready to join output caps

Oil hits one-year high as Russia ready to join output caps

Oil prices jumped as much as 3 percent on Monday, with Brent hitting a one-year high, after Russia said it was ready to join Opec in curbing crude output and Algeria called for similar commitments from other non-Opec producers. Sentiment was also boosted
Published 11 Oct, 2016 12:00am
Bilawal's approach to politics

Bilawal's approach to politics

This is apropos a Business Recorder news item "I've never described Nawaz or Altaf as traitor,' insists Bilawal" carried by the newspaper on Saturday. According to it, Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari said since Nawaz S
Published 11 Oct, 2016 12:00am
Do traditional telecom services have any future?

Do traditional telecom services have any future?

The advent of Next Generation Mobile Services (NGMS) has brought about an unprecedented shift towards the propagation of data services over traditional telecom services. With the latest generation of smart-phones and tablets rapidly penetrating the Pakist
Published 11 Oct, 2016 12:00am
Day of the proxies over?

Day of the proxies over?

The uprising in Indian Held Kashmir (IHK) that erupted more than three months ago in the wake of Kashmiri militant leader Burhanuddin Wani's killing has set off ripples that have profoundly affected the region and exposed the risks emerging for Pakistan o
Published 11 Oct, 2016 12:00am
A worrisome build-up

A worrisome build-up

Last month, commenting on Pakistan's decades-long tragedy - its flawed democracy - at the Washington Ideas Forum, General Musharraf (Retd) stirred a fresh wave of criticism by defenders of the 'Pakistani' brand of democracy; such reactions are routine, th
Published 11 Oct, 2016 12:00am
Updating the Fourth Schedule

Updating the Fourth Schedule

You may be a Fourth Scheduler but you would know it only when there is a midnight knock at your door, or your cheque is refused by the bank. One may be listed on this schedule of the anti-terrorism act but would never know. As of now some 8,000 people are
Published 11 Oct, 2016 12:00am
Balochistan's lingering crisis

Balochistan's lingering crisis

Twin remote controlled blasts targeting the Quetta to Rawalpindi-bound Jaffer Express killed seven people, including two personnel of the Bomb Disposal Squad travelling on the train, and injured 20 at Ab-i-Gum in the Bolan Pass 70 kilometres from the prov
Published 11 Oct, 2016 12:00am
Nuclear group: China says ready to discuss 'possibilities' with India

Nuclear group: China says ready to discuss 'possibilities' with India

China is willing to discuss "possibilities" with India on its bid to become a fully fledged member of the Nuclear Suppliers Group (NSG), a senior Chinese diplomat said on Monday, holding out an olive branch ahead of a summit in India. India last month sai
Published 11 Oct, 2016 12:00am
Nuclear group: China says ready to discuss 'possibilities' with India

Nuclear group: China says ready to discuss 'possibilities' with India

China is willing to discuss "possibilities" with India on its bid to become a fully fledged member of the Nuclear Suppliers Group (NSG), a senior Chinese diplomat said on Monday, holding out an olive branch ahead of a summit in India. India last month sai
Published 11 Oct, 2016 12:00am
PSDP: Rs 123.6 billion released so far

PSDP: Rs 123.6 billion released so far

The government has released Rs 123.6 billion (15.5 percent) for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the total budgeted allocation of Rs 800 billion. According to latest data released by the M
Published 11 Oct, 2016 12:00am
PSDP: Rs 123.6 billion released so far

PSDP: Rs 123.6 billion released so far

The government has released Rs 123.6 billion (15.5 percent) for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the total budgeted allocation of Rs 800 billion. According to latest data released by the M
Published 11 Oct, 2016 12:00am
PSDP: Rs 123.6 billion released so far

PSDP: Rs 123.6 billion released so far

The government has released Rs 123.6 billion (15.5 percent) for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the total budgeted allocation of Rs 800 billion. According to latest data released by the M
Published 11 Oct, 2016 12:00am
Trump vows to jail Hillary if he wins

Trump vows to jail Hillary if he wins

Donald Trump threatened to jail rival Hillary Clinton and accused her husband of abusing women in a vicious presidential debate that appeared unlikely to improve his ratings after a damaging weekend, polls showed Monday. Before tens of millions of viewers
Published 11 Oct, 2016 12:00am
Trump vows to jail Hillary if he wins

Trump vows to jail Hillary if he wins

Donald Trump threatened to jail rival Hillary Clinton and accused her husband of abusing women in a vicious presidential debate that appeared unlikely to improve his ratings after a damaging weekend, polls showed Monday. Before tens of millions of viewers
Published 11 Oct, 2016 12:00am
Dubai begins building ''world''s tallest'' tower

Dubai begins building ''world''s tallest'' tower

Dubai began construction work Monday on a tower that will stand higher than its Burj Khalifa, which is currently the world''s tallest skyscraper. The Gulf emirate''s ruler, Sheikh Mohammed bin Rashid al-Maktoum, marked the groundbreaking of The Tower at D
Published 11 Oct, 2016 12:00am
Dubai begins building 'world's tallest' tower

Dubai begins building 'world's tallest' tower

Dubai began construction work Monday on a tower that will stand higher than its Burj Khalifa, which is currently the world's tallest skyscraper. The Gulf emirate's ruler, Sheikh Mohammed bin Rashid al-Maktoum, marked the groundbreaking of The Tower at Dub
Published 11 Oct, 2016 12:00am
Dubai begins building 'world's tallest' tower

Dubai begins building 'world's tallest' tower

Dubai began construction work Monday on a tower that will stand higher than its Burj Khalifa, which is currently the world's tallest skyscraper. The Gulf emirate's ruler, Sheikh Mohammed bin Rashid al-Maktoum, marked the groundbreaking of The Tower at Dub
Published 11 Oct, 2016 12:00am
PLGMEA seeks incentive package

PLGMEA seeks incentive package

Fawad Ijaz Khan, Patron-In-Chief of Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea), has urged the federal government for a comprehensive incentive package for the entire export sector. He said that it was learnt that the federa
Published 11 Oct, 2016 12:00am
PLGMEA seeks incentive package

PLGMEA seeks incentive package

Fawad Ijaz Khan, Patron-In-Chief of Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea), has urged the federal government for a comprehensive incentive package for the entire export sector. He said that it was learnt that the federa
Published 11 Oct, 2016 12:00am
PLGMEA seeks incentive package

PLGMEA seeks incentive package

Fawad Ijaz Khan, Patron-In-Chief of Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea), has urged the federal government for a comprehensive incentive package for the entire export sector. He said that it was learnt that the federa
Published 11 Oct, 2016 12:00am
Rs 64.767 billion raised through MTB auction

Rs 64.767 billion raised through MTB auction

The federal government Monday raised Rs 64.767 billion through the auction for short-term government papers. The first auction of second quarter of this fiscal year witnessed a thin participation by banks and financial institutions as bids amounting to Rs
Published 11 Oct, 2016 12:00am
Rs 64.767 billion raised through MTB auction

Rs 64.767 billion raised through MTB auction

The federal government Monday raised Rs 64.767 billion through the auction for short-term government papers. The first auction of second quarter of this fiscal year witnessed a thin participation by banks and financial institutions as bids amounting to Rs
Published 11 Oct, 2016 12:00am
Rs 64.767 billion raised through MTB auction

Rs 64.767 billion raised through MTB auction

The federal government Monday raised Rs 64.767 billion through the auction for short-term government papers. The first auction of second quarter of this fiscal year witnessed a thin participation by banks and financial institutions as bids amounting to Rs
Published 11 Oct, 2016 12:00am
Rs 64.767 billion raised through MTB auction

Rs 64.767 billion raised through MTB auction

The federal government Monday raised Rs 64.767 billion through the auction for short-term government papers. The first auction of second quarter of this fiscal year witnessed a thin participation by banks and financial institutions as bids amounting to Rs
Published 11 Oct, 2016 12:00am
Wapda clarification

Wapda clarification

Apropos a news item captioned "Power sector entities: Irregularities amounting to Rs 1trn unearthed" carried by Business Recorder on October 4, 2016, the Pakistan Water and Power Development Authority (Wapda) spokesperson has clarified that the tot
Published 11 Oct, 2016 12:00am
Wapda clarification

Wapda clarification

Apropos a news item captioned "Power sector entities: Irregularities amounting to Rs 1trn unearthed" carried by Business Recorder on October 4, 2016, the Pakistan Water and Power Development Authority (Wapda) spokesperson has clarified that the tot
Published 11 Oct, 2016 12:00am
Wapda clarification

Wapda clarification

Apropos a news item captioned "Power sector entities: Irregularities amounting to Rs 1trn unearthed" carried by Business Recorder on October 4, 2016, the Pakistan Water and Power Development Authority (Wapda) spokesperson has clarified that the tot
Published 11 Oct, 2016 12:00am
Russia, Turkey sign pipeline accord after crisis

Russia, Turkey sign pipeline accord after crisis

Russia and Turkey on Monday signed an agreement to build a gas pipeline under the Black Sea, as President Vladimir Putin and Turkish counterpart Recep Tayyip Erdogan vowed to intensify relations after a bitter crisis. Making his first visit to Turkey sinc
Published 11 Oct, 2016 12:00am
Russia, Turkey sign pipeline accord after crisis

Russia, Turkey sign pipeline accord after crisis

Russia and Turkey on Monday signed an agreement to build a gas pipeline under the Black Sea, as President Vladimir Putin and Turkish counterpart Recep Tayyip Erdogan vowed to intensify relations after a bitter crisis. Making his first visit to Turkey sinc
Published 11 Oct, 2016 12:00am
Russia, Turkey sign pipeline accord after crisis

Russia, Turkey sign pipeline accord after crisis

Russia and Turkey on Monday signed an agreement to build a gas pipeline under the Black Sea, as President Vladimir Putin and Turkish counterpart Recep Tayyip Erdogan vowed to intensify relations after a bitter crisis. Making his first visit to Turkey sinc
Published 11 Oct, 2016 12:00am
Fazl seeks referendum in FATA

Fazl seeks referendum in FATA

Chief of Jamiat Ulema-e-Islam-Fazl, Fazulr Rehman has demanded the government to conduct referendum in Federally Administered Tribal Areas (FATA). Briefing the media, here on Monday, he said he has reservations over the report presented in the parliament
Published 11 Oct, 2016 12:00am
Revenue from petroleum levy rises to Rs 159 billion in 2015-16

Revenue from petroleum levy rises to Rs 159 billion in 2015-16

The government tax collection from petroleum levy increased to Rs 159 billion during 2015-16, which was 21 percent higher as compared to Rs 131 billion for the subsequent fiscal year. The Finance Ministry''s budgetary operation for the last fiscal year re
Published 11 Oct, 2016 12:00am
Revenue from petroleum levy rises to Rs 159 billion in 2015-16

Revenue from petroleum levy rises to Rs 159 billion in 2015-16

The government tax collection from petroleum levy increased to Rs 159 billion during 2015-16, which was 21 percent higher as compared to Rs 131 billion for the subsequent fiscal year. The Finance Ministry's budgetary operation for the last fiscal year rev
Published 11 Oct, 2016 12:00am
The Weather

The Weather

The weather report on Monday (October 10, 2016) and the forecast for Tuesday (October 11, 2016).

Published 11 Oct, 2016 12:00am
Revenue from petroleum levy rises to Rs 159 billion in 2015-16

Revenue from petroleum levy rises to Rs 159 billion in 2015-16

The government tax collection from petroleum levy increased to Rs 159 billion during 2015-16, which was 21 percent higher as compared to Rs 131 billion for the subsequent fiscal year. The Finance Ministry's budgetary operation for the last fiscal year rev
Published 11 Oct, 2016 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 11 Oct, 2016 12:00am
LNG terminal at Gwadar: CPP Bureau agrees to construct on EPC basis

LNG terminal at Gwadar: CPP Bureau agrees to construct on EPC basis

China Petroleum Pipeline (CPP) Bureau has conveyed its refusal to construct Liquefied Natural Gas (LNG) terminal at Gwadar on Build- Own- Operate-Transfer (BOOT) to Pakistan but agreed to proceed on EPC basis, well informed sources told Business Record
Published 11 Oct, 2016 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 11 Oct, 2016 12:00am
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