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Print - 2016-10-27
Israel unveils 'oldest' Hebrew mention of Jerusalem

Israel unveils 'oldest' Hebrew mention of Jerusalem

Israeli archaeologists Wednesday unveiled a 7th century BC text they said contains the earliest mention in Hebrew of Jerusalem outside the Bible, prompting officials to stress the Jewish connection to the city. "For Israeli archaeology, this is the first
Published 27 Oct, 2016 12:00am
Jihadists 'shave beards' as pressure builds on Mosul

Jihadists 'shave beards' as pressure builds on Mosul

Jihadists with the Islamic State group were shaving their beards and changing hideouts in Mosul, residents said, as a major Iraqi offensive moved ever closer to the city on Wednesday. With pressure building on the 10th day of the Mosul assault, Western de
Published 27 Oct, 2016 12:00am
Venezuela opposition rallies

Venezuela opposition rallies

Opponents of Venezuela's President Nicolas Maduro rallied in the streets Wednesday and he convened a crisis security meeting as the leftist leader resisted their efforts to drive him from power. Thousands of opposition supporters began to gather at seven
Published 27 Oct, 2016 12:00am
School children among 26 dead in Syria raids

School children among 26 dead in Syria raids

Air strikes on Syria's rebel-held Idlib province hit a school and the surrounding area on Wednesday, killing at least 26 civilians including many children, a monitor and activists said. The Syrian Observatory for Human Rights said "warplanes - either Russ
Published 27 Oct, 2016 12:00am
25 people found dead

25 people found dead

The French aid group Doctors without Borders (MSF) said Wednesday it had found a pile of 25 migrants who died in apocalyptic conditions, perishing in a pool of fuel and seawater aboard a crowded dinghy off Libya. The find adds to the grim evidence of the
Published 27 Oct, 2016 12:00am
Mediterranean migrant deaths in 2016 hit record 3,800: UN

Mediterranean migrant deaths in 2016 hit record 3,800: UN

At least 3,800 migrants and refugees have perished this year while trying to cross the Mediterranean to reach Europe, the highest ever toll ever on the perilous route, the UN said Wednesday. "We can confirm that at least 3,800 people have been reported de
Published 27 Oct, 2016 12:00am
Duterte wants US troops out in two years

Duterte wants US troops out in two years

Philippine President Rodrigo Duterte said Wednesday he wants US troops out of his country within two years and is willing to scrap defence pacts with longtime ally Washington if necessary. The remarks, made during a high-profile visit to Japan, follow a s
Published 27 Oct, 2016 12:00am
Kyrgyzstan government resigns after coalition break-up

Kyrgyzstan government resigns after coalition break-up

Kyrgyzstan's government resigned on Wednesday after President Almazbek Atambayev's party quit the ruling majority coalition earlier this week, deepening a rift between the pro-Russian leader and his former allies. The Social Democratic party, the biggest
Published 27 Oct, 2016 12:00am
Russia scraps Spain fuel stop for Syria-bound warships

Russia scraps Spain fuel stop for Syria-bound warships

Russia scrapped plans Wednesday to refuel Syria-bound warships in a Spanish port after Madrid came under pressure to refuse access to a flotilla that may be used to help attacks on Aleppo. The Spanish foreign ministry said that three Russian ships - part
Published 27 Oct, 2016 12:00am
Shanghai aluminium hits two-year high

Shanghai aluminium hits two-year high

Shanghai aluminium jumped 4 percent to its highest in more than two years on Wednesday, tracking higher coal prices, and a broader reaction to China's steel capacity cuts, along with an improving outlook for the global economy. Coal shortages in China aft
Published 27 Oct, 2016 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures recouped early losses to end higher on Wednesday after Shanghai futures regained some ground and a softer yen prompted buying. The Tokyo Commodity Exchange rubber contract for new April delivery finished at 179.0 yen ($1.72)
Published 27 Oct, 2016 12:00am
Palm oil rises on Dalian's gains

Palm oil rises on Dalian's gains

Malaysian palm oil futures ended higher on Wednesday as prices tracked rival oils on China's Dalian Commodity Exchange and production data released was within traders' expectations. Benchmark palm oil futures for January on the Bursa Malaysia Derivatives
Published 27 Oct, 2016 12:00am
Gold climbs in New York

Gold climbs in New York

Gold rose to an almost three-week high on Tuesday as the US dollar retreated from multi-month highs and physical demand rose before India's late-October festival season. The US dollar slipped from a nearly eight-month high against the euro and a roughly t
Published 27 Oct, 2016 12:00am
Gold up in Asia

Gold up in Asia

Gold prices stayed firm on Wednesday as stronger physical demand for the precious metal, ahead of India's late-October festival season, offset a steady US dollar. Demand for bullion is expected to pick up ahead of festivals such as Dhanteras and Diwali, w
Published 27 Oct, 2016 12:00am
Gold steady in Europe

Gold steady in Europe

Gold was little changed on Wednesday but analysts expect further gains after a retreat in the dollar and signs of healthy physical demand. Gold had the potential to claw higher in the short term after the dollar pulled back from near nine-month highs and
Published 27 Oct, 2016 12:00am
LNG prices enjoying seasonal gains, but joy may be short-lived

LNG prices enjoying seasonal gains, but joy may be short-lived

It's around about now that liquefied natural gas (LNG) spot prices usually start rising in Asia ahead of winter demand, and this year looks set to hold to the pattern, although any relief for producers is likely to be short-lived. While the LNG market is
Published 27 Oct, 2016 12:00am
FFC posts Rs 2.612 billion as PAT

FFC posts Rs 2.612 billion as PAT

Fauji Fertilizer Company (FFC) has posted Rs 2.612 billion as profit after tax in the quarter ended September 30, 2016 as compared to Rs 3.680 billion in the corresponding period in 2015.
Published 27 Oct, 2016 12:00am
FFC posts Rs 2.612 billion as PAT

FFC posts Rs 2.612 billion as PAT

Fauji Fertilizer Company (FFC) has posted Rs 2.612 billion as profit after tax in the quarter ended September 30, 2016 as compared to Rs 3.680 billion in the corresponding period in 2015.
Published 27 Oct, 2016 12:00am
CPNE for fool-proof security to journalists

CPNE for fool-proof security to journalists

Observing, the current wave of terrorist attacks by non-state actors and calls of protests & strikes by the political parties, Council of Pakistan Newspaper Editors (CPNE) demands the government to provide free move & fool proof security to journalists an
Published 27 Oct, 2016 12:00am
Minister urges growers, rice millers to work towards value addition

Minister urges growers, rice millers to work towards value addition

Sohail Anwar Khan Sial, Provincial Minister for Agriculture, has urged the growers and rice millers to jointly work for value addition in rice. A high delegation of Rice Exporters Association of Pakistan (REAP) under the leadership of Mahmood Moulvi, Chai
Published 27 Oct, 2016 12:00am
Government mops up Rs 90 billion via auction for MTBs

Government mops up Rs 90 billion via auction for MTBs

The federal government Wednesday raised Rs 90 billion through the auction for short-term government papers. The State Bank of Pakistan (SBP), on October 26, 2016, conducted the auction for the sale of 3-month, 6-month and 12-month Market Treasury Bills (M
Published 27 Oct, 2016 12:00am
Government mops up Rs 90 billion via auction for MTBs

Government mops up Rs 90 billion via auction for MTBs

The federal government Wednesday raised Rs 90 billion through the auction for short-term government papers. The State Bank of Pakistan (SBP), on October 26, 2016, conducted the auction for the sale of 3-month, 6-month and 12-month Market Treasury Bills (M
Published 27 Oct, 2016 12:00am
Pakistan a big market for satellite broadband internet: CEO Yahsat

Pakistan a big market for satellite broadband internet: CEO Yahsat

Pakistan is one of the most important and big markets for satellite broadband internet as there is exceptional demand in the rural and underserved communities across the country for broadband internet services. Talking to newsmen, Masood M Sharif Mahmood
Published 27 Oct, 2016 12:00am
EMCO Industries Limited

EMCO Industries Limited

EMCO has a long history, with its original parent company The Imperial Electric Company (Pvt) Ltd, being established in 1931. Electrical Equipment Manufacturing Co Ltd (EMCO) was the pioneer in production of all types of insulators including those require
Published 27 Oct, 2016 12:00am
EMCO Industries Limited

EMCO Industries Limited

EMCO has a long history, with its original parent company The Imperial Electric Company (Pvt) Ltd, being established in 1931. Electrical Equipment Manufacturing Co Ltd (EMCO) was the pioneer in production of all types of insulators including those require
Published 27 Oct, 2016 12:00am
PepsiCo announces 2025 global sustainability agenda

PepsiCo announces 2025 global sustainability agenda

PepsiCo Inc has announced an ambitious global sustainability agenda designed to foster continued business growth by taking important steps to address environmental, health and social priorities all around the world. According to an announcement of the com
Published 27 Oct, 2016 12:00am
FCCI president condoles Rana Atif's death

FCCI president condoles Rana Atif's death

President Faisalabad Chamber of Commerce and Industry (FCCI), Engineer Muhammad Saeed Sheikh has expressed deep sense of sorrow and grief over the sad demise of Rana Atif Tauseef, Director Rana Textile Mills Khurrianwala. Rana Atif was younger brother of
Published 27 Oct, 2016 12:00am
Tareen moves LHC against Prime Minister

Tareen moves LHC against Prime Minister

PTI leader on Wednesday approached the Lahore High Court against Prime Minister Nawaz Sharif seeking his disqualification for alleged involvement of his family members in offshore business. The petitioner, Jahangir Khan Tareen, submitted that Panama leaks
Published 27 Oct, 2016 12:00am
No compromise on quality of higher education: Dr Nizamuddin

No compromise on quality of higher education: Dr Nizamuddin

There will be no compromise on the quality of higher education in the province, however, PHEC will facilitate the private sector universities to ensure quality, Chairperson Punjab Higher Education Commission (PHEC) Professor Dr Mohammad Nizamuddin said, w
Published 27 Oct, 2016 12:00am
TDAP organises seminar on export of Kinnow at Sargodha

TDAP organises seminar on export of Kinnow at Sargodha

Trade Development Authority of Pakistan (TDAP) Faisalabad organised a seminar on export of Kinnow at Sargodha here on Wednesday which was participated by a large number of kinnow growers and exporters. Addressing the seminar, Joint Secretary, Ministry of
Published 27 Oct, 2016 12:00am
Government will not allow anybody to lock down capital: Saira

Government will not allow anybody to lock down capital: Saira

Minister of State for National Health Services, Regulation and Coordination, Saira Afzal Tarrar on Wednesday said the government would not allow any body to lockdown the Islamabad for their vested interest. "Those who are planning to shut down Islamabad o
Published 27 Oct, 2016 12:00am
Lawyers observe strike

Lawyers observe strike

The legal fraternity observed strike across the province on Wednesday to condemn the Quetta attack. The lawyers demanded the government to take practical steps to ensure security of the public. They appeared in urgent cases only. They held seminars and ex
Published 27 Oct, 2016 12:00am
One dead, four injured as roofs collapse

One dead, four injured as roofs collapse

At least one person died and 12 others suffered serious injuries when roofs of four houses collapsed in Mochi Gate area near Nisar Haveli on Wednesday. During the search operation, the police also recovered shells of eight hand grenades and explosive mate
Published 27 Oct, 2016 12:00am
Bilawal's Punjab visit plan deferred till end of PTI's sit-in

Bilawal's Punjab visit plan deferred till end of PTI's sit-in

The visit of Bilawal Bhutto to Punjab has been delayed until the conclusion of Pakistan Tehreek-e-Insaf's sit-in in Islamabad, starting from 2nd of November. Reliable party sources said the party has postponed reorganisation parties in Punjab in order to
Published 27 Oct, 2016 12:00am
President FCCI condemns attack on police training centre

President FCCI condemns attack on police training centre

Engineer Muhammad Saeed Sheikh President Faisalabad Chamber of Commerce & Industry (FCCI) has condemned the dastardly attack on Quetta Police Training Center in which more than 61 innocent Jawans were reportedly martyred. In a statement issue here today,
Published 27 Oct, 2016 12:00am
Siraj urges government to give details of loans expenditures

Siraj urges government to give details of loans expenditures

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq has called upon the government to explain to the masses how much loan it had obtained so far and where the amount had been spent. He was talking to the media after inspecting the arrangements for the
Published 27 Oct, 2016 12:00am
BoK earns Rs 1.5 billion PAT for 3Q

BoK earns Rs 1.5 billion PAT for 3Q

The Bank of Khyber (BoK) earned Rs 1.5 billion profit after tax (PAT) for the nine months period ended September 30, 2016 showing an increase of 22 percent over the corresponding period of 2015. This was informed to the Board of Directors (BoDs) during pr
Published 27 Oct, 2016 12:00am
BoK earns Rs 1.5 billion PAT for 3Q

BoK earns Rs 1.5 billion PAT for 3Q

The Bank of Khyber (BoK) earned Rs 1.5 billion profit after tax (PAT) for the nine months period ended September 30, 2016 showing an increase of 22 percent over the corresponding period of 2015. This was informed to the Board of Directors (BoDs) during pr
Published 27 Oct, 2016 12:00am
Fertilizer subsidy may hit snags

Fertilizer subsidy may hit snags

A subsidy of Rs 27.96 billion announced by federal government in budget 2016-17 with a 50 percent provincial share may hit snags as no other province except Punjab has made any contribution.
Published 27 Oct, 2016 12:00am
Pakistan envoy presents credentials to Bangladesh President

Pakistan envoy presents credentials to Bangladesh President

Pakistan's High Commissioner Rafiuzzaman Siddiqui presented his credentials to President of the People's Republic of Bangladesh Abdul Hamid at the Bangabhaban on Wednesday. Matters of mutual interest were discussed at the meeting that ensued after the pre
Published 27 Oct, 2016 12:00am
PCB bans players' push-up celebrations

PCB bans players' push-up celebrations

Pakistan Cricket Board (PCB) has banned cricket team players from performing push-ups celebration after lawmakers raised objections to it during a session of National Assembly Standing Committee on Inter-Provincial Coordination. The meeting that took plac
Published 27 Oct, 2016 12:00am
Microfinance industry: event underscores need for eradicating poverty

Microfinance industry: event underscores need for eradicating poverty

Pakistan Microfinance Network (PMN) here on Wednesday observed the "International Day for the Eradication of Poverty" focusing on challenges being faced by microfinance industry in the expansion of financial services in the rural areas where agriculture r
Published 27 Oct, 2016 12:00am
Polio worker shot dead in Khyber Agency

Polio worker shot dead in Khyber Agency

Unknown armed men on Wednesday attacked a polio team in Khyber Agency's Jamrud area, killing a polio worker on Wednesday. As per details, polio team was in the area of Jamrud Teshil to vaccinate anti-polio drops to children when unknown armed persons open
Published 27 Oct, 2016 12:00am
Non-conforming use of property: SC grants one month time to CDA

Non-conforming use of property: SC grants one month time to CDA

Expressing grave concern over non-conforming use of property in Islamabad on Wednesday, the Supreme Court granted one month time to Capital Development Authority (CDA) to take across the board action against commercial use of residential areas in city.
Published 27 Oct, 2016 12:00am
Non-conforming use of property: SC grants one month time to CDA

Non-conforming use of property: SC grants one month time to CDA

Expressing grave concern over non-conforming use of property in Islamabad on Wednesday, the Supreme Court granted one month time to Capital Development Authority (CDA) to take across the board action against commercial use of residential areas in city.
Published 27 Oct, 2016 12:00am
SNGPL, SSGCL to print meter-reading photos on utility bills

SNGPL, SSGCL to print meter-reading photos on utility bills

The Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) will print photos of meter-reading on utility bills, like electricity bills, to facilitate consumers and end excessive billing complaints. "Following directives of
Published 27 Oct, 2016 12:00am
Code of conduct ECP seeks suggestions from leaders

Code of conduct ECP seeks suggestions from leaders

The major political parties on Wednesday stressed the need to make Election Commission of Pakistan (ECP) a genuinely independent electoral body through legislation to ensure free, fair and transparent elections in the country. The ECP held a consultative
Published 27 Oct, 2016 12:00am
Import of raw cotton: spinning mills allowed benefit of SRO
Cotton

Import of raw cotton: spinning mills allowed benefit of SRO

The Sindh High Court (SHC) has allowed the benefit of SRO.1125(I)/2016 to spinning mills on the import of raw cotton at the rate of zero percent/reduced rate being used for spinning stage by the spinning sector. According to a recent judgment of SHC in su
Published 27 Oct, 2016 12:00am
Finance panel for adoption of statistics bill by NA

Finance panel for adoption of statistics bill by NA

The National Assembly Standing Committee on Finance Wednesday recommended that "The General Statistics (Reorganization) (Amendment) Bill, 2016" may be passed by the National Assembly. The 42nd meeting of the Standing Committee on Finance, Revenue, Economi
Published 27 Oct, 2016 12:00am
Proposed FTA with Thailand: PAMA opposed to inclusion of auto sector

Proposed FTA with Thailand: PAMA opposed to inclusion of auto sector

Pakistan Automotive Manufacturers Association (PAMA) has opposed the inclusion of auto sector in the proposed Free Trade Agreement (FTA) with Thailand saying that any such step would be destructive for the local industry, well-informed sources in Commerce
Published 27 Oct, 2016 12:00am
KATI condemns attack on customs officials in Mastung

KATI condemns attack on customs officials in Mastung

President, Korangi Association of Trade & industry (KATI), Masood Naqi, Senior Vice President Ghazanfar Ali Khan, Vice President Umer Rehan and head of KATI's Standing Committee on Customs, Port & Shipping Faraz-ur-Rehman demanded security for the persona
Published 27 Oct, 2016 12:00am
Grades 18-21 61 posts lying vacant in Balochistan

Grades 18-21 61 posts lying vacant in Balochistan

Only 42 out of 103 seats of grades 18-21 filled in Balochistan while 61 posts are vacant in the province. Senate Standing Committee on Cabinet Secretariat in its meeting was surprised to know that out of 103 seats of scales 18-21, only 42 are filled while
Published 27 Oct, 2016 12:00am
PTI minister asks JI to quit KP coalition government

PTI minister asks JI to quit KP coalition government

Differences emerged between the two coalition partners in Khyber Pakhtunkhwa as a senior PTI leader and Provincial Minister for Elementary and Secondary Education Mohammad Atif Khan asked Jamaat-e-Islami (JI) legislators to quit the provincial government
Published 27 Oct, 2016 12:00am
Ahsan calls for political stability for growth, development

Ahsan calls for political stability for growth, development

Federal Minister for Planning, Development and Reform Ahsan Iqbal said that political stability is the key for growth and development of the country. He said that economic conditions and political stability go hand-in-hand. If there is no political stabil
Published 27 Oct, 2016 12:00am
Breast cancer centre opens at PIMS

Breast cancer centre opens at PIMS

Federal Minister for Planning, Development and Reforms Ahsan Iqbal on Wednesday inaugurated breast cancer centre at the Pakistan Institute of Medical Sciences (PIMS) in Islamabad. Addressing the ceremony, he said the government provided funds to establish
Published 27 Oct, 2016 12:00am
Quetta attack: 20 martyrs laid to rest in Turbat

Quetta attack: 20 martyrs laid to rest in Turbat

Some 20 police cadets martyred in the terrorist attack on Police Training Centre Quetta were laid to rest in Turbat amid touching scenes on Wednesday. The 20 police cadets hailing from different areas of Turbat were martyred in the gruesome attack on Mond
Published 27 Oct, 2016 12:00am
SSAI urges government to set up fire station

SSAI urges government to set up fire station

Senior Vice President of Site Superhighway Association of Industry (SSAI), Sultan Salahuddin Chishti has urged the Sindh government to establish fire station in this industrial estate. He said that the industrial area house consisting of a large number of
Published 27 Oct, 2016 12:00am
Senate body refuses to approve 'Appointment of Legal Advisors Bill'

Senate body refuses to approve 'Appointment of Legal Advisors Bill'

Senate Standing Committee on Finance has expressed its displeasure over absence of Finance Minister Ishaq Dar and refused to approve 'Appointment of Legal Advisors Bill, 2016'. A meeting of the Committee presided over by Senator Saleem Mandiviwala took ex
Published 27 Oct, 2016 12:00am
KU awards PhD, DSc, M Phil degrees

KU awards PhD, DSc, M Phil degrees

Professor Dr Mozzam Ali Khan, Registrar, University of Karachi has announced that the Board of Advanced Studies and Research (BASR), University of Karachi in its meeting held on 17th October 2016 under the chairmanship of Professor Dr Muhammad Qaiser, Vic
Published 27 Oct, 2016 12:00am
Militant group claims IS support in police attack

Militant group claims IS support in police attack

A militant organisation said Wednesday it had worked with the Islamic State to carry out a huge raid on a police academy, the strongest evidence to date that the Middle-Eastern group has built local links. The emergence of IS in Pakistan would be seen as
Published 27 Oct, 2016 12:00am
Team formed to probe Quetta attack

Team formed to probe Quetta attack

Balochistan government on Wednesday announced the formation of an investigation team to probe the Quetta Police College carnage which left over 62 people dead and over a hundred others injured on Monday night. Senior Superintendent of Police (SSP) Investi
Published 27 Oct, 2016 12:00am
Corps Commander Karachi meets Sindh CM

Corps Commander Karachi meets Sindh CM

Corps Commander Karachi Lieutenant General Naveed Mukhtar called on Sindh Chief Minister Syed Murad Ali Shah at Sindh Chief Minister House here on Wednesday Morning. According to a communique here, the CM and the Corps Commander discussed issues pertainin
Published 27 Oct, 2016 12:00am
Turkish Navy ship arrives on goodwill visit

Turkish Navy ship arrives on goodwill visit

Turkish Navy ship TCG BUYUKADA arrived Karachi for goodwill visit on Wednesday. The visiting ship was accorded a warm welcome and received by senior officials of Pakistan Navy and Turkish Embassy staff. During the stay at Karachi, the officers and men of
Published 27 Oct, 2016 12:00am
Hubco posts Rs 1.903 billion PAT

Hubco posts Rs 1.903 billion PAT

Hub Power Company (Hubco) has posted Rs 1.903 billion as profit after tax in the quarter ended September 30, 2016 as compared to Rs 2.042 billion earned in the corresponding quarter in 2015. The company's earning per share stood at Rs 1.65 in the period u
Published 27 Oct, 2016 12:00am
Hubco posts Rs 1.903 billion PAT

Hubco posts Rs 1.903 billion PAT

Hub Power Company (Hubco) has posted Rs 1.903 billion as profit after tax in the quarter ended September 30, 2016 as compared to Rs 2.042 billion earned in the corresponding quarter in 2015. The company's earning per share stood at Rs 1.65 in the period u
Published 27 Oct, 2016 12:00am
Sindh chief minister inaugurates Iqra varsity campus

Sindh chief minister inaugurates Iqra varsity campus

Syed Murad Ali Shah Sindh Chief Minister visited Iqra University North Campus, Karachi to inaugurate the campus building. Advisor to Chief Minister for Anti-Corruption and Law, Barrister Murtaza Wahab also accompanied the chief minister. Lieutenant Genera
Published 27 Oct, 2016 12:00am
Lifebuoy celebrates Global Handwashing Day

Lifebuoy celebrates Global Handwashing Day

Lifebuoy called out to the nation on 22nd October at PAF Museum to celebrate Global Handwashing Day by coming together to High5 and save lives. The event was attended by some of the nation's biggest names with the likes of Fahad Mustafa, Saira Kabeer, Ano
Published 27 Oct, 2016 12:00am
Corridor projects: Gwadar economic forum set up to facilitate investors

Corridor projects: Gwadar economic forum set up to facilitate investors

Gwadar Economic Forum has been established to create awareness on China Pakistan Economic Corridor (CPEC) among the people of Balochistan and facilitate the investors. Addressing a press conference at Karachi Press Club Wednesday, Mir Naveed Kalmati, Chai
Published 27 Oct, 2016 12:00am
NSA tells US envoy: NDS-RAW nexus must be broken

NSA tells US envoy: NDS-RAW nexus must be broken

Pakistan on Wednesday conveyed to Untied States that it was imperative to break the nexus between Afghan spy agency, National Directorate of Security (NDS) and Research and Analysis Wing (RAW) of India that are extending a covert support to terrorists for
Published 27 Oct, 2016 12:00am
Pakistan Post, Karandaaz sign partnership agreement

Pakistan Post, Karandaaz sign partnership agreement

Pakistan Post and Karandaaz Pakistan have signed a partnership agreement to digitize money orders service at Pakistan Post. Under the agreement, Karandaaz Pakistan will provide technical support in designing a new product 'mobile money order' from concept
Published 27 Oct, 2016 12:00am
Free medical camp for KPC members today

Free medical camp for KPC members today

A free consultancy and screening medical camp is being held at Karachi Press Club (KPC) today, (October 27) to enhance awareness about stroke, its causes, risk factors and preventive measures. Senior neurologists and physicians would provide free consulta
Published 27 Oct, 2016 12:00am
Tawab calls for improving doing business indices

Tawab calls for improving doing business indices

Senior Vice President Federation of Pakistan Chambers of Commerce and Industry(FPCCI) Shaikh Khalid Tawab has suggested to improve the doing business indices as most of the investors in the world making decisions on the basis of the competitiveness of the
Published 27 Oct, 2016 12:00am
IRIS system issues: most taxpayers fail to file IT returns: KTBA

IRIS system issues: most taxpayers fail to file IT returns: KTBA

Federal Board of Revenue (FBR) is able to get not more than 20 per cent of income tax returns for tax year 2015-16, due to IRIS system issues. Talking to Business Recorder, Rehan Hasan Jafri, President Karachi Tax Bar Association (KTBA) said that not more
Published 27 Oct, 2016 12:00am
NA-258 by-poll: PPPP awards ticket to Hakeem Baloch

NA-258 by-poll: PPPP awards ticket to Hakeem Baloch

Pakistan Peoples Party Parliamentarians (PPPP) has issued the party ticket to Abdul Hakeem Baloch for NA-258 Malir by-elections. According to details, The PML-N Member National Assembly (MNA) Abdul Hakeem Baloch had recently resigned from the party and jo
Published 27 Oct, 2016 12:00am
Conspiracy being hatched to derail democratic system?

Conspiracy being hatched to derail democratic system?

Opposition Leader in National Assembly, Syed Khursheed Ahmed Shah has hinted that conspiracy is being hatched to derail the democratic system at the time when the country is passing through a crucial stage. In view of crucial time, there is a need to adop
Published 27 Oct, 2016 12:00am
Sindh Bank's deposits increase to Rs 102.76 billion

Sindh Bank's deposits increase to Rs 102.76 billion

The Board of Directors of Sindh Bank in its meeting held recently considered and approved the accounts of the bank for the nine-month period ended September 30, 2016. During the period under review, the bank maintained satisfactory growth in deposits, adv
Published 27 Oct, 2016 12:00am
Attack on police college

Attack on police college

The country's top military and intelligence brass including army chief Raheel Sharif attended an official funeral ceremony for the Quetta carnage victims, whose bodies were placed in coffins draped in white and borne by soldiers in dress uniform. Prime Mi
Published 27 Oct, 2016 12:00am
Belgium's Walloons rally in underdog fight against EU-Canada deal

Belgium's Walloons rally in underdog fight against EU-Canada deal

The economically depressed Belgian region of Wallonia finds new cohesion and purpose as its people unite against a looming deal they fear will make them even poorer. Charleroi, Belgium (dpa) - Belgium's southern region of Wallonia and its 3.6 million Fren
Published 27 Oct, 2016 12:00am
Launching of PMIC: Microfinance - a landmark journey

Launching of PMIC: Microfinance - a landmark journey

Microfinance is a real success story for Pakistan. The progress this country has made in just a few years has been incredible. From woefully inadequate access to banking, millions of Pakistanis have been given access to financial products - and many small
Published 27 Oct, 2016 12:00am
Pillars of prosperity

Pillars of prosperity

In an open letter to the IMF carried by Business Recorder (October 24, 2016), Dr Ashfaque Hassan Khan, Dr Hafeez Pasha and this writer had reminded the IMF that the recently concluded EFF programme with Pakistan had not produced the victory that w
Published 27 Oct, 2016 12:00am
Another massacre in Quetta

Another massacre in Quetta

Even when overall law and order situation in the country has considerably improved Quetta remains an easy kill by terrorists. They struck it Monday night once again and took heavy toll of life. In the attack on the Police Training College some 62 cadets w
Published 27 Oct, 2016 12:00am
Ogra summary destined for rejection?

Ogra summary destined for rejection?

Oil and Gas Regulatory Authority (Ogra) is expected to propose, through a summary, an increase in the price of petroleum and products to the government by the end of this month that would reflect a rise in their international price, according to a Busi
Published 27 Oct, 2016 12:00am
Cotton futures rise
Cotton

Cotton futures rise

Cotton futures rose one percent on Wednesday, snapping a six-session falling streak, boosted by speculative buying and an easing dollar even as crop harvest progressed unhindered in US producing regions. "It looks like someone just wanted to buy a lot of
Published 27 Oct, 2016 12:00am
Oil down one percent on Opec worry, offsetting US inventory fall

Oil down one percent on Opec worry, offsetting US inventory fall

Oil fell more than 1 percent on Wednesday even after a surprise drawdown in US crude inventories, as traders remained cautious that Opec would be able to cut production come late November. US crude stockpiles fell 553,000 barrels last week, the US Energy
Published 27 Oct, 2016 12:00am
Soya, wheat up

Soya, wheat up

US grain and oilseed futures rose more than 1 percent on Wednesday, lifted by investment fund buying and expectations for increased export demand as harvests neared completion, traders and analysts said. Chicago Board of Trade soyabean futures climbed to
Published 27 Oct, 2016 12:00am
Gold slips

Gold slips

Gold prices fell on Wednesday as investor appetite for riskier assets such as equities and crude oil recovered slightly, denting demand for bullion, often considered a safe haven. A rally in Boeing's shares helped the Dow Jones industrial average reverse
Published 27 Oct, 2016 12:00am
MCB Bank announces Rs 4 interim cash dividend for 3Q

MCB Bank announces Rs 4 interim cash dividend for 3Q

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on October 26, 2016 to review the performance of the Bank and approve the financial statements for the nine month period ended September 30, 2016. MCB Bank Lim
Published 27 Oct, 2016 12:00am
MCB Bank announces Rs 4 interim cash dividend for 3Q

MCB Bank announces Rs 4 interim cash dividend for 3Q

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on October 26, 2016 to review the performance of the Bank and approve the financial statements for the nine month period ended September 30, 2016. MCB Bank Lim
Published 27 Oct, 2016 12:00am
MCB Bank announces Rs 4 interim cash dividend for 3Q

MCB Bank announces Rs 4 interim cash dividend for 3Q

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on October 26, 2016 to review the performance of the Bank and approve the financial statements for the nine month period ended September 30, 2016. MCB Bank Lim
Published 27 Oct, 2016 12:00am
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