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Print - 2016-10-20
Coastal areas: NA body team visits facilities, installations of PN

Coastal areas: NA body team visits facilities, installations of PN

A 10-member delegation of National Assembly Standing Committee on Defence, headed by Shaikh Rohale Asghar, undertook a three-day visit to facilities and installations of Pakistan Navy at Karachi and coastal areas. At Karachi the delegation visited Pakista
Published 20 Oct, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 20 Oct, 2016 12:00am
UBL posts Rs 7.009 billion PAT

UBL posts Rs 7.009 billion PAT

The profit after tax of United Bank Limited (UBL) has increased to Rs 7.009 billion in the quarter ended September 30, 2016 as compared to Rs 6.548 billion earned in the same quarter in 2015. The bank's earning per share surged to Rs 5.73 in this quarter
Published 20 Oct, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 20 Oct, 2016 12:00am
UBL posts Rs 7.009 billion PAT

UBL posts Rs 7.009 billion PAT

The profit after tax of United Bank Limited (UBL) has increased to Rs 7.009 billion in the quarter ended September 30, 2016 as compared to Rs 6.548 billion earned in the same quarter in 2015. The bank''s earning per share surged to Rs 5.73 in this quarter
Published 20 Oct, 2016 12:00am
The Weather

The Weather

The weather report on Wednesday (October 19, 2016) and the forecast for Thursday (October 20, 2016).

Published 20 Oct, 2016 12:00am
UBL posts Rs 7.009 billion PAT

UBL posts Rs 7.009 billion PAT

The profit after tax of United Bank Limited (UBL) has increased to Rs 7.009 billion in the quarter ended September 30, 2016 as compared to Rs 6.548 billion earned in the same quarter in 2015. The bank''''s earning per share surged to Rs 5.73 in this quart
Published 20 Oct, 2016 12:00am
FDI decline

FDI decline

According to the State Bank of Pakistan (SBP) foreign direct investment (FDI) for the first three months of the current fiscal year (July-September) has declined by 38 percent - a decline that goes against the public's expectations premised on the Sha
Published 20 Oct, 2016 12:00am
Do or die?

Do or die?

Pakistan Tehreek-e-Insaf (PTI) chief, Imran Khan, has revealed a change of date for the party's sit-in in Islamabad from the original October 30 to November 2. Imran Khan put forward a rather lame explanation that the date had been changed in deferenc
Published 20 Oct, 2016 12:00am
The real corridors of prosperity

The real corridors of prosperity

In the hurly-burly of Pakistan's politics and the Kashmiri intifada, the IMF just released its twelfth and final review of the Extended Fund Facility (EFF) first contracted by this government in September 2013. The press release patted IMF and the governm
Published 20 Oct, 2016 12:00am
Modi's 'isolate Pakistan' mission

Modi's 'isolate Pakistan' mission

The way he is going India's Prime Minister Narendra Modi, a lifelong activist of the Hindu extremist organisation, RSS, reminds one of what the late Indian journalist, Praful Bidwai, had to say about the country's Hindutva zealots in a newspaper article:
Published 20 Oct, 2016 12:00am
Go, no go

Go, no go

Grey winter morning. Kennedy International Airport, the Boeing 787 Taxis down the runway and positions itself on runway 2. The air tower says 'go'. The pilot unleashes 65 thousand horses. The plane vibrates gently, like a giant pneumatic tool. The brakes
Published 20 Oct, 2016 12:00am
Is this justice?

Is this justice?

I am shocked to hear that so far the bail pleas filed by Dr Asim Hussain, the former petroleum and natural resources minister have not been heard. This is very astonishing and raises many questions about the sufferings of the accused in various cases. Alr
Published 20 Oct, 2016 12:00am
Oil up over two percent; US crude at 15-month high on big drawdown

Oil up over two percent; US crude at 15-month high on big drawdown

Oil prices rose more than 2 percent on Wednesday, with US crude settling at its highest in 15 months after the government reported a surprisingly large drop in inventories for the sixth week out of seven. The US Energy Information Administration (EIA) sai
Published 20 Oct, 2016 12:00am
ICE cotton down on harvest pressure, profit-booking
Cotton

ICE cotton down on harvest pressure, profit-booking

Cotton futures fell marginally for a second day on Wednesday on harvest pressure and profit-booking as the natural fibre market hovered around the overbought territory. The first-month December cotton contract on ICE Futures touched a more than three-week
Published 20 Oct, 2016 12:00am
PIA gets AC vehicles to keep aircraft cool

PIA gets AC vehicles to keep aircraft cool

PIA has purchased six air conditioning vehicles to keep the aircraft cool when parked on the ground. Three of these vehicles would be deployed at Islamabad, two at Lahore and one at Karachi Airport. To familiarise relevant staff about the new machinery tr
Published 20 Oct, 2016 12:00am
Khursheed terms Nawaz, Imran a threat to democracy

Khursheed terms Nawaz, Imran a threat to democracy

Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah has said that sealing of the national Capital by Pakistan Tehreek-e-Insaf (PTI) would be a criminal act. Talking to media at Parliament House on Wednesday, the Opposition Leader lashe
Published 20 Oct, 2016 12:00am
PSM employees: ECC to approve salaries in next meeting

PSM employees: ECC to approve salaries in next meeting

Economic Co-ordination Committee (ECC) of the Cabinet will approve two months (June-July) 2016 salaries of Pakistan Steel Mills (PSM) employees in its next meeting, well informed sources in Ministry of Industries and Production (MoI&P) told Business Re
Published 20 Oct, 2016 12:00am
Malala urges Muslims to unite for peace

Malala urges Muslims to unite for peace

Nobel Peace Prize winner Malala Yousafzai, giving a speech Wednesday in the Emirates, urged Muslims to respect the "true message of Islam" and unite against wars in their countries. The 19-year-old, who was shot in the head by the Taliban in 2012 after sh
Published 20 Oct, 2016 12:00am
Bilawal says will chant 'go Nawaz go' if demands not met

Bilawal says will chant 'go Nawaz go' if demands not met

Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari on Wednesday called for Prime Minister Nawaz Sharif to accept his party's bill on the issue of Panama Leaks or be ready to face slogans of 'Go Nawaz Go'. Talking to the media at Naudero house i
Published 20 Oct, 2016 12:00am
Attock Petroleum Limited's profit surges

Attock Petroleum Limited's profit surges

Attock Petroleum Limited (APL) has posted Rs 1,563.247 million as profit after tax in the quarter ended September 30, 2016 as compared to Rs 691.643 million earned in the corresponding quarter in 2015. The board of directors of the company, in its meeting
Published 20 Oct, 2016 12:00am
Attock Petroleum Limited's profit surges

Attock Petroleum Limited's profit surges

Attock Petroleum Limited (APL) has posted Rs 1,563.247 million as profit after tax in the quarter ended September 30, 2016 as compared to Rs 691.643 million earned in the corresponding quarter in 2015. The board of directors of the company, in its meeting
Published 20 Oct, 2016 12:00am
Combating terror: UK hails Pakistan's significant sacrifices

Combating terror: UK hails Pakistan's significant sacrifices

Days ahead of Prime Minister Theresa May's India visit, the UK on Tuesday hailed Pakistan's "significant sacrifices" in combating terror while responding to a petition calling on the British government to "strongly condemn" Pakistan for providing a safe h
Published 20 Oct, 2016 12:00am
Imran invested $18 million donations in UK: PML-N

Imran invested $18 million donations in UK: PML-N

Pakistan Muslim League (PML-N) on Wednesday while slamming Chairman Pakistan Tehreek-e-Insaf (PTI), Imran Khan said that the PTI chief's moves are a threat to the national security. Addressing a joint press conference, Member National Assembly (MNA) Daniy
Published 20 Oct, 2016 12:00am
UHS student attends UNGA in US

UHS student attends UNGA in US

A girl student of University of Health Sciences (UHS) has represented Pakistan at United National General Assembly as the United States "Let-Girls-Learn Ambassador". Summyka Qadir, a first-year MBBS student at Nishtar Medical College, Multan, comes from a
Published 20 Oct, 2016 12:00am
ACE, Nespak to check corruption in development projects

ACE, Nespak to check corruption in development projects

The Anti-Corruption Establishment (ACE), Punjab and Nespak would wage joint efforts to check financial embezzlements and ensure quality of work in development projects. The ACE Punjab has asked Nespak to directly inform it in case of embezzlement, violati
Published 20 Oct, 2016 12:00am
South Waziristan: fourth phase of IDPs return begins

South Waziristan: fourth phase of IDPs return begins

Fourth phase of South Waziristan IDPs return has begun from today, which will continue till December 6 and 400 families will return on daily basis. According to a statement release by ISPR, 81 villages' IDPs will return to their areas during fourth phase
Published 20 Oct, 2016 12:00am
NUMS delegation calls on President

NUMS delegation calls on President

President Mamnoon Hussain has expressed hope that with the establishment of National University of Medical Sciences (NUMS) there will be more progress in the field of health and more opportunities for acquiring medical education and conducting research.
Published 20 Oct, 2016 12:00am
Petitions against luxury tax dismissed

Petitions against luxury tax dismissed

The Lahore High Court on Wednesday dismissed hundreds of petitions against luxury tax on houses. The court, however, set aside recovery notices issued to the petitioners for being issued without due course of law. The petitioners through their counsel con
Published 20 Oct, 2016 12:00am
Difficulties faced by tribesmen have no precedent: KP Governor

Difficulties faced by tribesmen have no precedent: KP Governor

Khyber Pakhtunkhwa Governor, Iqbal Zafar Jhagra has said the difficulties faced over the recent years especially in FATA have no precedent in the entire history of the country and world witnessed that the nation while standing shoulder to shoulder with th
Published 20 Oct, 2016 12:00am
Rana Tanveer briefed about POF performance & achievements

Rana Tanveer briefed about POF performance & achievements

Lieutenant General Omer Mehmood Hayat, Chairman Pakistan Ordnance Factories (POF) on Wednesday briefed Federal Minister for Defence Production Rana Tanveer Hussain regarding performance and achievements of POF in the fiscal year 2015-16. The meeting was h
Published 20 Oct, 2016 12:00am
Tevta to start Chinese language course for 15,000 students

Tevta to start Chinese language course for 15,000 students

The Technical Education and Vocational Training Authority (TEVTA) will impart training to 15,000 students in Chinese language during one year course. On the demand of youth of other cities, Chinese language classes will be started in other cities of Punja
Published 20 Oct, 2016 12:00am
LHC moved against ban on use of Punjabi language

LHC moved against ban on use of Punjabi language

The Lahore High Court (LHC) on Wednesday issued notice to Secretary Schools Punjab for November 15 on a petition of Pakistan Punjabi Adabi Board (PAB) against a private school for banning the use of Punjabi language in the school. The board's counsel, Tah
Published 20 Oct, 2016 12:00am
APTMA chairman briefs Punjab governor on industrial woes
Cotton

APTMA chairman briefs Punjab governor on industrial woes

All Pakistan Textile Mills Association (APTMA) Punjab Chairman Syed Ali Ahsan said on Wednesday that the issues of industry are multiplying due to unprecedented 50 percent decline in cotton production to six million bales during the current crop season ag
Published 20 Oct, 2016 12:00am
Chairman of Chinese Electric Company meets chief minister Punjab

Chairman of Chinese Electric Company meets chief minister Punjab

Chairman renowned Chinese company Harbin Electric International Goa Yu met Punjab Chief Minister Muhammad Shahbaz Sharif, here Wednesday. Talking to the Chairman of the company Goa Yu, the Chief Minister said that Pakistan highly values cooperation of Chi
Published 20 Oct, 2016 12:00am
Notices issued in Samia's transfer case

Notices issued in Samia's transfer case

The Lahore High Court chief justice on Wednesday issued notices for November 4 in a petition seeking directions for transfer of trial of a British national Samia Shahid, allegedly killed in the name of honour. The petitioner's counsel said his client Syed
Published 20 Oct, 2016 12:00am
Pakistan making rapid progress under leadership of Nawaz: Shahbaz

Pakistan making rapid progress under leadership of Nawaz: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Pakistan is making rapid progress under the leadership of Prime Minister Muhammad Nawaz Sharif and destiny of the country is going to change during next 18 months as darkness will be eliminated w
Published 20 Oct, 2016 12:00am
Breast cancer: awareness drive begins

Breast cancer: awareness drive begins

Actress Maya Ali, while addressing the inauguration of a three-day breast cancer awareness drive, by the Shaukat Khanum Memorial Cancer Hospital & Research Centre (SKMCH&RC) at colleges and universities, has called for breaking social stigmas and myths at
Published 20 Oct, 2016 12:00am
K-E partnered with PAF Montessori to plant over 200 trees

K-E partnered with PAF Montessori to plant over 200 trees

K-Electric's sustainability team partnered with PAF Montessori, Malir Cantonment to plant over 200 trees, enhance awareness of personal hygiene and help cultivate healthier lifestyle habits among school students. A spokesperson for the utility said on Wed
Published 20 Oct, 2016 12:00am
APTTA being misused by drug mafia, Senate body informed

APTTA being misused by drug mafia, Senate body informed

Afghanistan Pakistan Transit Trade Agreement (APTTA) is being misused by the drug traffickers in smuggling of chemical precursor acetic anhydride, the most commonly used chemical agent in heroin processing. To a question raised by Senator Muhammad Talha M
Published 20 Oct, 2016 12:00am
Pakistan to be primary beneficiary of CPEC: spokesman

Pakistan to be primary beneficiary of CPEC: spokesman

China-Pakistan Economic Corridor (CPEC) project would have positive impact on the region but Pakistan would be the primary beneficiary, a Spokesman for the Ministry of Planning, Development and Reform said on Wednesday. While clarifying a news item appear
Published 20 Oct, 2016 12:00am
Arif Habib for electing 'clean' candidates in FPCCI elections

Arif Habib for electing 'clean' candidates in FPCCI elections

Chairman, Arif Habib Group, Arif Habib, has called for electing those as office-bearers of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), who enjoy good reputation, and have neat and clean past record as the federation play very importa
Published 20 Oct, 2016 12:00am
Bosan lauds Engro's Rahbar programme

Bosan lauds Engro's Rahbar programme

Federal Minister for National Food Security and Research Sikandar Hayat Khan Bosan has lauded Engro's Rahbar programme hailing it as a unique initiative introduced to address and find solutions that would, in the near future, improve Pakistan's food secur
Published 20 Oct, 2016 12:00am
Jurisdiction of court: government asked to submit comprehensive reply

Jurisdiction of court: government asked to submit comprehensive reply

The Supreme Court on Wednesday asked the federation to submit a comprehensive reply in response to various pleas seeking determination of jurisdiction of Supreme Court Appellate Court, Gilgit-Baltistan, and other constitutional issues. Resuming the hearin
Published 20 Oct, 2016 12:00am
MD's absence: PAC suspends proceedings on NICL

MD's absence: PAC suspends proceedings on NICL

The Public Accounts Committee (PAC) Wednesday suspended the proceedings on National Insurance Company Limited (NICL) due to absence of its Managing Director from the meeting. Syed Khursheed Shah chaired the meeting of the PAC. The briefing of Managing Dir
Published 20 Oct, 2016 12:00am
NRL's PAT increases to Rs 1,905.331 million

NRL's PAT increases to Rs 1,905.331 million

The profit after tax of National Refinery Limited (NRL) has increased to Rs 1,905.331 million in the quarter ended September 30, 2016 as compared to Rs 406.118 million in the same quarter in 2015. The board of directors of the company, in its meeting held
Published 20 Oct, 2016 12:00am
NRL's PAT increases to Rs 1,905.331 million

NRL's PAT increases to Rs 1,905.331 million

The profit after tax of National Refinery Limited (NRL) has increased to Rs 1,905.331 million in the quarter ended September 30, 2016 as compared to Rs 406.118 million in the same quarter in 2015. The board of directors of the company, in its meeting held
Published 20 Oct, 2016 12:00am
US Trade Representative calls on Dar

US Trade Representative calls on Dar

United States Trade Representative (USTR) Ambassador Michael Froman on Wednesday called on the Minister for Finance Senator Ishaq Dar here the other day. Welcoming the dignitary to Pakistan, the Finance Minister apprised Ambassador Froman on the reforms u
Published 20 Oct, 2016 12:00am
Prime Minister spells out his government's economic performance

Prime Minister spells out his government's economic performance

Prime Minister Muhammad Nawaz Sharif on Wednesday said that Pakistan's macro-economic stability has been achieved through prudent and sound economic policies of the present government. GDP growth had averaged more than 4% per annum during the last three y
Published 20 Oct, 2016 12:00am
PTI dissident MPA criticises KP government's performance

PTI dissident MPA criticises KP government's performance

A few days after his released by Peshawar High Court on bail, Pakistan Tehreek-i-Insaf (PTI) dissident provincial legislator, and Khyber-Pakhtunkhwa's (KP) erstwhile provincial minister for mines and minerals, Ziaullah Afridi, has criticised his party-led
Published 20 Oct, 2016 12:00am
SECP overhauling modarabas' regulatory framework

SECP overhauling modarabas' regulatory framework

In his resolve to promote the Islamic modes of doing business, inter alia, Islamic financial services, Zafar-ul-Haq Hijazi, chairman, Securities and Exchange Commission of Pakistan (SECP), envisaged to promote modarabas as pure Islamic financial instituti
Published 20 Oct, 2016 12:00am
24 Pakistani PhD scholars complete studies through USAID

24 Pakistani PhD scholars complete studies through USAID

Twenty Four Pakistani PhD scholars through the US Agency for International Development (USAID) have completed their studies and received their degrees in the United States. Upon completing the degrees, the scholars have returned to Pakistan and are servin
Published 20 Oct, 2016 12:00am
Two arrested for spreading IS propaganda

Two arrested for spreading IS propaganda

Police arrested two men suspected of distributing pamphlets for Islamic State (IS) following a raid in Peshawar, officials said on Wednesday, amid lingering fears that the Middle East militant group was making inroads in country. Last month, the military
Published 20 Oct, 2016 12:00am
India sent no representative to attend RCC on disaster management

India sent no representative to attend RCC on disaster management

The Government of India had declined to send a representative of the Indian National Disaster Management Authority (NDMA) to attend the Regional Consultative Committee (RCC) on disaster management which concluded on Wednesday. The meeting was attended by
Published 20 Oct, 2016 12:00am
Duties and taxes: PTC contributes over Rs 70 billion to exchequer

Duties and taxes: PTC contributes over Rs 70 billion to exchequer

A leading multinational cigarette manufacturing company has contributed over Rs 70 billion to the Federal Board of Revenue (FBR) in the form of duties and taxes during the first nine months (January to September) of 2016. According to an announcement of t
Published 20 Oct, 2016 12:00am
Duties and taxes: PTC contributes over Rs 70 billion to exchequer

Duties and taxes: PTC contributes over Rs 70 billion to exchequer

A leading multinational cigarette manufacturing company has contributed over Rs 70 billion to the Federal Board of Revenue (FBR) in the form of duties and taxes during the first nine months (January to September) of 2016. According to an announcement of t
Published 20 Oct, 2016 12:00am
President to open Swat Expo on November 3

President to open Swat Expo on November 3

President Mamnoon Hussain will inaugurate Swat Expo 2016 on November 3, 2016 to display normalisation of Swat which will be attended by a large number of Islamabad-based diplomats. According to an official, the Commerce Ministry has invited all members of
Published 20 Oct, 2016 12:00am
Pakistan considers ICTs as key enabler for good governance: President

Pakistan considers ICTs as key enabler for good governance: President

President Mamnoon Hussain has said that the Government of Pakistan considers Information Communication Technologies (ICTs) as key enabler to enhance productivity, transparency, and good governance for empowering the people for moving towards attaining the
Published 20 Oct, 2016 12:00am
Pervaiz Elahi re-elected PML-Q Punjab chief

Pervaiz Elahi re-elected PML-Q Punjab chief

The General Council of Pakistan Muslim League-Q (PML-Q), Punjab, which met on Wednesday, has unanimously elected Chaudhry Pervaiz Elahi, Chaudhy Zaheeruddin and Mian Imran Masood, as president, general secretary and secretary information of PML-Q Punjab r
Published 20 Oct, 2016 12:00am
Shahbaz re-elected PML-N Punjab head

Shahbaz re-elected PML-N Punjab head

After being re-elected as President of the PML-N Punjab, Chief Minister Muhammad Shahbaz Sharif, has expressed his firm resolve to serve the country as well as countrymen and also to expedite the work on public welfare projects with more vigour and commit
Published 20 Oct, 2016 12:00am
'Pakistan, Canada have huge scope to strengthen economic ties'
Cotton

'Pakistan, Canada have huge scope to strengthen economic ties'

Canadian High Commissioner Perry Calderwood has said that Pakistan and Canada have huge scope to work together to strengthen economic relations as Pakistan is a country having rich and unmatched resources. He was speaking at the Lahore Chamber of Commerce
Published 20 Oct, 2016 12:00am
Government making efforts to use idle thermal capacity: Asif

Government making efforts to use idle thermal capacity: Asif

The federal government is making hectic efforts to use the idle thermal capacity in the country by renegotiating arrangements with the closed IPPs and even the rental power plants lying idle, said Minister for Water and Power Khawaja Asif during his meeti
Published 20 Oct, 2016 12:00am
Exports of Basmati rice fall

Exports of Basmati rice fall

The exports of Basmati rice have registered a decline of 40.54 percent during last five years from 1,137,943 metric tonnes in 2010-2011 to 676,630 metric tonnes in 2014-15 while non-Basmati rice exports have witnessed a growth of 19.15 percent from 2,563,
Published 20 Oct, 2016 12:00am
Punjab Assembly passes Punjab LG (Amendment) Bill 2016

Punjab Assembly passes Punjab LG (Amendment) Bill 2016

Punjab Assembly on Wednesday passed 'The Punjab Local Government (Fifth Amendment) Bill 2016. During the session, 'The Forman Christian College, Lahore (Amendment) Bill 2016 was also introduced in the House. In resolutions under Article 128(a) of the Cons
Published 20 Oct, 2016 12:00am
'Improvement in education sector is priority agenda'

'Improvement in education sector is priority agenda'

Punjab Education Minister Rana Mashhood Ahmad Khan has said that overall improvement in education sector is the priority agenda of the government. In this regard, provision of missing facilities is especially taken care of along with provision of quality
Published 20 Oct, 2016 12:00am
175 housing schemes, colonies declared illegal by MDA

175 housing schemes, colonies declared illegal by MDA

The Multan Development Authority (MDA) has declared 175 private housing schemes and colonies illegal here and decided to move their cases to National Accountability Bureau (NAB) to protect the interest of common investors. Additional Director General of M
Published 20 Oct, 2016 12:00am
Unity critical to boosting united platform of traders: FCCI chief

Unity critical to boosting united platform of traders: FCCI chief

Unity is imperative to resolve the problems confronted by the business community on war footing and in this connection conscious efforts should be made to further strengthen the platform of Faisalabad Chamber of Commerce and Industry (FCCI), said Presiden
Published 20 Oct, 2016 12:00am
Lahore Literary Festival to debut in London this month

Lahore Literary Festival to debut in London this month

The London debut of the Lahore Literary Festival (LLF) takes place Saturday, October 29. The daylong LLF in London, at the British Museum's BP Theatre, presents the robust and unique syncretism universally identified with Lahore-Pakistan's cultural capita
Published 20 Oct, 2016 12:00am
Cardiac unit of Mayo Hospital becomes fully operational

Cardiac unit of Mayo Hospital becomes fully operational

The Cardiac Unit of Mayo Hospital, Lahore has become fully operational, where Cardiac Surgeon Dr Raja Pervaiz Akhtar conducted eight successful bypass operations within a week. Medical Superintendent, Mayo Hospital Dr Amjad Shehzad, said here on Wednesday
Published 20 Oct, 2016 12:00am
Rafhan Maize Products Limited

Rafhan Maize Products Limited

The leading corn refiner of Pakistan, Rafhan Maize Products Co Ltd (PSX: RMPL) is the premier provider of agricultural-based products and ingredients in Pakistan. The company has a market capitalisation of over Rs 71 billion and is on the KSE100 list.
Published 20 Oct, 2016 12:00am
Rafhan Maize Products Limited

Rafhan Maize Products Limited

The leading corn refiner of Pakistan, Rafhan Maize Products Co Ltd (PSX: RMPL) is the premier provider of agricultural-based products and ingredients in Pakistan. The company has a market capitalisation of over Rs 71 billion and is on the KSE100 list.
Published 20 Oct, 2016 12:00am
Response to 'Self-praise by MoF'

Response to 'Self-praise by MoF'

This is apropos article titled "Self praise by MoF" has been published in Business Recorder dated 10-10-2016 by Anjum Ibrahim. According to Finance Division of Government of Pakistan, the writer has criticised FBR tax collection, reliance on withho
Published 20 Oct, 2016 12:00am
Attock Refinery Limited posts Rs 1,227.987 million PAT

Attock Refinery Limited posts Rs 1,227.987 million PAT

Attock Refinery Limited has posted Rs 1,227.987 million as profit after tax in the quarter ended September 2016 as compared to Rs 528.927 million earned in the corresponding quarter in 2015. The board of directors of the company, in its meeting held on We
Published 20 Oct, 2016 12:00am
Attock Refinery Limited posts Rs 1,227.987 million PAT

Attock Refinery Limited posts Rs 1,227.987 million PAT

Attock Refinery Limited has posted Rs 1,227.987 million as profit after tax in the quarter ended September 2016 as compared to Rs 528.927 million earned in the corresponding quarter in 2015. The board of directors of the company, in its meeting held on We
Published 20 Oct, 2016 12:00am
Lasbela traders too oppose SBP move

Lasbela traders too oppose SBP move

President, Lasbela Chamber of Commerce and Industry (LCCI), Ismail Suttar, has warned the federal government against shifting any Sate Bank of Pakistan's departments to Lahore. He asked the government to be wary of being trapped by the bureaucracy to do i
Published 20 Oct, 2016 12:00am
Dollar mildly weaker in New York as Fed policy in focus
Currency

Dollar mildly weaker in New York as Fed policy in focus

The US dollar was mildly weaker on Tuesday for the second straight day as investors took some profits from the greenback's recent strength and evaluated whether the Federal Reserve would to raise interest rates this year. The greenback had rallied around
Published 20 Oct, 2016 12:00am
David Hockney makes a splash at Frankfurt fair with 2,000-euro book

David Hockney makes a splash at Frankfurt fair with 2,000-euro book

British contemporary artist David Hockney unveiled a 500-page art book at the Frankfurt fair on Wednesday that is so large it comes with its own stand - and a price tag of 2,000 euros ($2,200). The tome, "A Bigger Book", gives a visual overview of his dec
Published 20 Oct, 2016 12:00am
Venezuela postpones gubernatorial elections to 2017

Venezuela postpones gubernatorial elections to 2017

Venezuela on Tuesday postponed gubernatorial elections due in December until mid-2017 after deeply unpopular President Nicolas Maduro said the country needs to focus on reviving its economy instead of elections. The head of the National Electoral Council
Published 20 Oct, 2016 12:00am
Putin in firing line over Ukraine, Syria at Berlin talks

Putin in firing line over Ukraine, Syria at Berlin talks

President Vladimir Putin faces a grilling over Russia's role in Ukraine and Syria at talks in Berlin Wednesday, on his first visit to the German capital since the Ukrainian conflict erupted. Host Chancellor Angela Merkel said the talks - the first four-wa
Published 20 Oct, 2016 12:00am
Pakistan to stage 'fly-in, fly-out' Super League final in Lahore

Pakistan to stage 'fly-in, fly-out' Super League final in Lahore

Pakistan will stage the 2017 final of their Twenty20 franchise league in Lahore but teams will fly in and fly out for the showpiece event in a sobering nod to the delicate security situation in the country. Some 414 players were placed in the draft for th
Published 20 Oct, 2016 12:00am
Arthur warns of West Indies backlash in second Test

Arthur warns of West Indies backlash in second Test

Pakistan head coach Mickey Arthur expects a strong response from the West Indies in the second Test in Abu Dhabi after the tourists came close to pulling off a remarkable comeback in Dubai. Pakistan were forced to ward off a challenge from Darren Bravo, w
Published 20 Oct, 2016 12:00am
IOC boss ducks Korea row in Tokyo 2020 visit

IOC boss ducks Korea row in Tokyo 2020 visit

International Olympic Committee president Thomas Bach on Wednesday dodged questions over reports some Tokyo 2020 events could be held in South Korea, a move which would further embarrass beleaguered Games organisers. The IOC is considering staging rowing
Published 20 Oct, 2016 12:00am
Proud Cook admits to wrench of leaving family

Proud Cook admits to wrench of leaving family

Alastair Cook has admitted to questioning how much longer he can extend his record-breaking England career, torn between the pride of playing for his country and the wrench of being parted from his young family. Cook will become England's most capped Test
Published 20 Oct, 2016 12:00am
Anderson set to miss opening India Test

Anderson set to miss opening India Test

England's record-breaking bowler Jimmy Anderson, who has already been ruled out of the current tour of Bangladesh, will miss next month's first Test against India, captain Alastair Cook said Wednesday. "I don't think he'll be there for the start. He might
Published 20 Oct, 2016 12:00am
New Zealand struggle for answers against Indian bowlers: Boult

New Zealand struggle for answers against Indian bowlers: Boult

New Zealand's batsmen are struggling for answers against India's bowling attack, Black Caps pace spearhead Trent Boult conceded Wednesday, before the second one-day international in New Delhi. The Kane Williamson-led side mustered just 190 runs in the ope
Published 20 Oct, 2016 12:00am
Local council agrees Durham rescue package

Local council agrees Durham rescue package

Cash-strapped Durham took another step towards remaining a financially viable first-class club after the local council agreed a "rescue package" for the north-east side. Durham had already agreed a £3.8 million ($4.8 million, 4.3 million euros) bail-out f
Published 20 Oct, 2016 12:00am
Watson hits back at Clarke over 'tumour' jibe

Watson hits back at Clarke over 'tumour' jibe

Shane Watson has hit back at Michael Clarke's claim he was part of a group that was "like a tumour" in Australia's cricket team, saying it reflected poorly on the former captain. In a television interview with Australia's Channel Nine to promote his autob
Published 20 Oct, 2016 12:00am
Second swimmer dies after Hong Kong harbour race

Second swimmer dies after Hong Kong harbour race

A second swimmer who participated in the Hong Kong harbour race died after she was pulled out of the water unconscious during the event and taken to intensive care. This follows the death of a man during the Sunday swim, which attracts world-class interna
Published 20 Oct, 2016 12:00am
Japan's Watanabe becomes new world chief of gymnastics

Japan's Watanabe becomes new world chief of gymnastics

Japan's Morinari Watanabe beat French rival Georges Guelzec Wednesday to become the new head of world gymnastics. Watanabe, a former gymnast, succeeds Italy's Bruno Grandi as president of the International Gymnastics Federation (FIG), said a spokesman for
Published 20 Oct, 2016 12:00am
All KP districts asked to hold Inter-Club Hockey Championships

All KP districts asked to hold Inter-Club Hockey Championships

Secretary Khyber Pakhtunkhwa Hockey Association Syed Zahir Shah Wednesday directed all the affiliated districts to hold their respective Inter-Club Hockey Championships well before October 31 and in case of failure of any of the district action would be t
Published 20 Oct, 2016 12:00am
Aussie steadies; kiwi rises

Aussie steadies; kiwi rises

The Australian dollar took a brief dip on Wednesday as China's industrial output data came in just below expectations, but a steady reading on overall economic growth was taken as a positive for commodity demand and prices. The Australian dollar had notch
Published 20 Oct, 2016 12:00am
Sterling hits 12-day high against euro
Currency

Sterling hits 12-day high against euro

Sterling touched its highest in almost two weeks against the euro on Wednesday, holding onto its biggest one-day gain in months and riding out another round of headlines around Brexit negotiations and the government's attitude to the central bank. Economi
Published 20 Oct, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 78.40-78.40 (previous 78.40-78.40).
Published 20 Oct, 2016 12:00am
US inflation data supports Asia FX
Currency

US inflation data supports Asia FX

Most emerging Asian currencies rose on Wednesday as tame US inflation data caused investors to trim bets on a Federal Reserve interest hike in December and as Chinese growth data soothed some concerns about the world's second-largest economy. The Chinese
Published 20 Oct, 2016 12:00am
Sri Lankan rupee tad weaker
Currency

Sri Lankan rupee tad weaker

The Sri Lankan rupee edged down on Wednesday on dollar demand from importers in the absence of central bank intervention, dealers said. Rupee forwards were active, with the spot-next ending at 147.40/50 per dollar, compared with its previous day close of
Published 20 Oct, 2016 12:00am
US bond yields fall

US bond yields fall

US Treasury yields fell on Tuesday in line with their UK counterparts on chances that parliament may have to ratify a British exit from the European Union, which reduced some bets that the UK would lose access to the single market. US bond yields pulled f
Published 20 Oct, 2016 12:00am
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