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Print - 2016-11-09
6th Global Islamic Microfinance Forum inaugurated in Kenya
Currency

6th Global Islamic Microfinance Forum inaugurated in Kenya

The Sixth Global Islamic Microfinance Forum officially inaugurated by Dr Geoffrey N. Mwau, Director General, Budget, Fiscal & Economic Affairs, National Treasury, Kenya, Raza Bashir Tarar, High Commissioner of Pakistan in Kenya, Dr Amjad Saqib, Founder Ak
Published 09 Nov, 2016 12:00am
Italian DTC, MCCI president discuss bilateral trade

Italian DTC, MCCI president discuss bilateral trade

Deputy Trade Commissioner of Italy, AR Daudpota called on MCCI President Khawaja Jalaluddin Roomi and exchanged views on bilateral trade between Pakistan and Italy particularly in South Punjab. Daudpota said another high-powered Italian delegation would v
Published 09 Nov, 2016 12:00am
CM KP condemns manhandling of PTI worker

CM KP condemns manhandling of PTI worker

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has condemned the manhandling and physical violence of PTI Worker Aurangzeb by security guards of ANP leader Haroon Bilour. It is hooliganism he added. The injured PTI worker who met the Chief Minister here
Published 09 Nov, 2016 12:00am
Minister inaugurates PFA office in Faisalabad

Minister inaugurates PFA office in Faisalabad

Punjab Food Authority (PFA) has started its working in Faisalabad in order to check the food quality and adulteration in food items under the vision of CM Punjab. Punjab Food Minister Bilal Yasin along with Director General Punjab Food Authority Noorul Am
Published 09 Nov, 2016 12:00am
'Sahulat Sarmayakari': SECP unveils criteria for opening account

'Sahulat Sarmayakari': SECP unveils criteria for opening account

The Securities and Exchange Commission of Pakistan (SECP) Tuesday issued simplified criteria for opening 'Sahulat Sarmayakari' Account to facilitate individual low-risk customers and branchless banking accountholders by Asset Management Companies (AMCs).
Published 09 Nov, 2016 12:00am
Forged notification: matter referred to FIA

Forged notification: matter referred to FIA

The Ministry of Interior has referred the matter of forged notification about holiday on Iqbal Day (9th November, 2016) to Cyber Crime Cell of Federal Investigation Agency (FIA), a ministry spokesman announced here on Tuesday.
Published 09 Nov, 2016 12:00am
R&D in tea sector: Chinese team visits PARC for collaboration

R&D in tea sector: Chinese team visits PARC for collaboration

A three-member Chinese delegation led by Yang Yajun, Director, Tea Research Institute Hangzhou Chinese Academy of Agricultural Sciences (TRI-CAAS) China alongwith Lin Zhi, Head of Department of Sciences and Technology and Yuanzhi Shi, Associate Professor
Published 09 Nov, 2016 12:00am
Saudi Arabia to always stand by Pakistan: Air Chief

Saudi Arabia to always stand by Pakistan: Air Chief

Saudi Air Chief Mohammad bin Saleh Al-Otaibi on Tuesday stated that his country will always stand by Pakistan in difficult times. He gave these remarks during a meeting with Chief of Air Staff, Air Marshal Sohail Aman at Pakistan Air Force (PAF) Headquart
Published 09 Nov, 2016 12:00am
Out-of-turn promotions: SC issues notices to law officers

Out-of-turn promotions: SC issues notices to law officers

The Supreme Court on Tuesday issued notices to Attorney General for Pakistan, all the provincial law officers and Advocate General Islamabad in out of turn promotions of police officers. A 5-member larger bench led by the Chief Justice Anwar Zaheer Jamali
Published 09 Nov, 2016 12:00am
KP IGP gives awards to BDU personnel

KP IGP gives awards to BDU personnel

KP Inspector General of Police (IGP), Nasir Khan Durrani has said that Bomb Disposal Unit personnel performing most dangerous and sensitive duty in ongoing war against terror in a very professional and courageous manner by putting its precious lives at ri
Published 09 Nov, 2016 12:00am
Justice Dar takes oath as acting CJ of LHC

Justice Dar takes oath as acting CJ of LHC

Senior judge of the Lahore High Court (LHC), Justice Shahid Hameed Dar, on Tuesday took oath as the acting Chief Justice of High Court. Senior judge, Justice Muhammad Yawar Ali, administered the oath to Justice Shahid Hameed Dar at a simple ceremony. The
Published 09 Nov, 2016 12:00am
Two bootleggers held, liquor seized

Two bootleggers held, liquor seized

Sindh Excise and Taxation (E&T) department on Tuesday claimed to have arrested two persons and recovered substantial quantity of liquor bottles from their possession. According to details, Sindh Excise and Taxation department on the directives of Sindh Hi
Published 09 Nov, 2016 12:00am
NA-110: Returning officer was hand in glove with Asif: counsel

NA-110: Returning officer was hand in glove with Asif: counsel

Advancing arguments on behalf of a runner-up candidate of NA-110, Sialkot Usman Dar, Babar Awan on Tuesday contended before Supreme Court that there were 50,000 unverified votes in the constituency. Pakistan Muslim League-Nawaz (PML-N) candidate Khawaja A
Published 09 Nov, 2016 12:00am
US exchange Programme: US embassy accepting applications from students

US exchange Programme: US embassy accepting applications from students

US Embassy Islamabad and its partners are currently accepting applications from Pakistani students for several US exchange programs. Interested students should apply immediately, as deadlines are approaching quickly. Students accepted into these programs
Published 09 Nov, 2016 12:00am
Wanted terrorist held in Swat

Wanted terrorist held in Swat

The Counter Terrorism Department (CTD) arrested a wanted terrorist besides recovering arms during a crackdown here on Tuesday. The CTD sources said that reacting to an intelligence tip-off regarding presence of extremist, operation was conducted in Mingor
Published 09 Nov, 2016 12:00am
Prime Minister takes notice of urban smog

Prime Minister takes notice of urban smog

Prime Minister Muhammad Nawaz Sharif on Tuesday taking notice of prevailing smog in urban areas of the country directed the concerned departments to take long-term steps to control the environmental hazard. The Prime Minister directed the Transport Depart
Published 09 Nov, 2016 12:00am
Chandio says he loves Iran deeply

Chandio says he loves Iran deeply

Advisor to Sindh chief minister on information Moula Bux Chandio has strongly denied a statement attributed to him against Shia Muslims and brotherly neighbouring Islamic Republic of Iran clarifying that negative propaganda was being disseminated in socia
Published 09 Nov, 2016 12:00am
Sir Creek and Siachen: Pakistan, India were near agreement: Musharraf

Sir Creek and Siachen: Pakistan, India were near agreement: Musharraf

Former President Pervez Musharraf has said that Pakistan and India during his tenure had completed the survey of Sir Creek and agreed on the demarcation line in Siachen. He said Panama Leaks have brought a bad name to the rulers. In an interview with a pr
Published 09 Nov, 2016 12:00am
President for complete adoption of Iqbal's teachings

President for complete adoption of Iqbal's teachings

President Mamnoon Hussain has underlined the need for complete adoption of the teachings of Allama Muhammad Iqbal, which not only provide guidance to the nation in all spheres of life, but also offer solution to the problems of modern times. He said Iqbal
Published 09 Nov, 2016 12:00am
Intra-party elections of PTI postponed

Intra-party elections of PTI postponed

The long-awaited intra-party elections of Pakistan Tehreek-e-Insaf (PTI) were indefinitely postponed on Tuesday amid rising political tension in the country. A statement issued by central secretariat of the party stated: "In view prevailing political cond
Published 09 Nov, 2016 12:00am
K-E kunda-resistant aerial bundled cable being installed across Karachi

K-E kunda-resistant aerial bundled cable being installed across Karachi

In a move to curb power theft in the city, K-Electric has initiated installation of kunda-resistant 'Aerial Bundled Cable' (ABC) and distribution of low-cost metres to consumers under its flagship community building project 'Ujala.' K-Electric's officials
Published 09 Nov, 2016 12:00am
Shanghai copper up

Shanghai copper up

The most-traded copper contract on the Shanghai Futures Exchange traded up 1.43 percent at 40,450 yuan ($5,968) a tonne on Tuesday on growing signs that Hillary Clinton will win the US presidential election over her Republican rival Donald Trump. Shanghai
Published 09 Nov, 2016 12:00am
Copper jumps to one-year high, demand optimism spurs buying

Copper jumps to one-year high, demand optimism spurs buying

Copper prices hit one-year highs on Tuesday as expectations of stronger demand in top consumer China and optimism that Democrat Hillary Clinton will win the US presidential election boosted sentiment and spurred buying. Clinton, who has a 90 percent chanc
Published 09 Nov, 2016 12:00am
Tokyo, Shanghai rubber up

Tokyo, Shanghai rubber up

Benchmark Tokyo rubber futures hit a new six-month high on Tuesday, getting support from a jump in Shanghai futures on the back of a weak yuan and yen. The Tokyo Commodity Exchange rubber contract for April delivery finished 2.7 yen higher at 189.8 yen ($
Published 09 Nov, 2016 12:00am
Palm oil hits more than 2-1/2-year high

Palm oil hits more than 2-1/2-year high

Malaysian palm oil futures hit their highest in two years and eight months in early trade on Tuesday, as concerns of declining output and stronger soyaoil supported prices. Benchmark palm oil futures for January on the Bursa Malaysia Derivatives Exchange
Published 09 Nov, 2016 12:00am
Arabica coffee plummets, cocoa edges up
Currency

Arabica coffee plummets, cocoa edges up

ICE arabica coffee futures fell sharply after earlier rising to the highest level in almost two years on Tuesday as investment funds scaled back long positions. Dealers said, however, the market remained underpinned by low stocks in Brazil and quality con
Published 09 Nov, 2016 12:00am
Gold slides in New York

Gold slides in New York

Gold prices fell on Monday, posting their biggest one-day drop in five weeks as the dollar and stocks rallied on news Hillary Clinton would not face criminal charges over her use of a private email server. This boosted her chances of winning the US presid
Published 09 Nov, 2016 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold stuck to a narrow range during Asian hours on Tuesday as investors remained wary of the implications of the outcome of the US presidential election. The metal dropped nearly 2 percent in its previous session after the Federal Bureau of Investigation
Published 09 Nov, 2016 12:00am
Gold rises in Europe

Gold rises in Europe

Gold inched higher on Tuesday as the dollar dropped and investors remained cautious ahead of the outcome of the US presidential election. The metal had fallen nearly 2 percent in the previous session after the Federal Bureau of Investigation (FBI) said no
Published 09 Nov, 2016 12:00am
Brazil to boost sugar output, ethanol imports next season

Brazil to boost sugar output, ethanol imports next season

Brazil is expected to produce around 2 million tonnes more sugar and import a high ethanol volume next year as mills tend to allocate more cane to produce the sweetener, consultancy Datagro said on Monday. The 2017-18 center-south cane crop should not cha
Published 09 Nov, 2016 12:00am
Cotton rises ahead of USDA report
Cotton

Cotton rises ahead of USDA report

Cotton futures rose on Tuesday as traders awaited a monthly US government supply and demand report, with prices supported by merchant buying amid a broad uptick across the commodities complex ahead of the outcome of the US presidential elections.
Published 09 Nov, 2016 12:00am
Oil prices little changed as US votes for next president

Oil prices little changed as US votes for next president

Oil prices ended little changed on Tuesday as the market waited to find out who voters elected to be the next president of the United States. The most recent polls have put Democrat Hillary Clinton ahead of Republican rival Donald Trump in Tuesday's elect
Published 09 Nov, 2016 12:00am
US MIDDAY: soyabeans and corn climb

US MIDDAY: soyabeans and corn climb

US soyabean futures rose on Tuesday as fresh capital flowed into grain and oilseed markets a day ahead of a monthly government crop report and ahead of the results of the US presidential election, analysts said. Corn futures jumped 2 percent to a one-week
Published 09 Nov, 2016 12:00am
US MIDDAY: gold turns lower

US MIDDAY: gold turns lower

Gold prices turned lower on Tuesday as the dollar and global equity markets firmed with investors growing more convinced that Democratic candidate Hillary Clinton could win the US presidential election. At the end of a bruising political campaign, the Reu
Published 09 Nov, 2016 12:00am
Energy and environment issues - II

Energy and environment issues - II

What choice do we have to solve our energy crises without seriously damaging the environment and also meeting our international commitments as confirmed in COP-21 and now with full ratification before COP-22?
Published 09 Nov, 2016 12:00am
Rulers unlimited
Currency

Rulers unlimited

Today, in sending the less unpopular to the White House, the American voters will also be reminding us, if a reminder was needed, that when America sneezes the rest of the world catches a cold. The world may writhe at the thought but listens when Hillary
Published 09 Nov, 2016 12:00am
Challenges confronting CPEC
Cotton

Challenges confronting CPEC

There are many angles to China Pakistan Economic Corridor (CPEC). It has been rightly called a game changer for Pakistan. In China, it is perhaps understood as a game changer for that country. And when completed it would most likely serve as a game change
Published 09 Nov, 2016 12:00am
The suffocating smog
Cotton

The suffocating smog

Nature is unforgiving. With it you tinker a bit and it takes revenge, as it is doing with the city of Lahore and some parts of central Punjab. Over the last couple of days, the entire region is enveloped in a thick blanket of smog. It's not fog, that some
Published 09 Nov, 2016 12:00am
Youth unemployment

Youth unemployment

A joint report by the United Nations Development Programme (UNDP) and Organisation for Economic Development (OECD) in its report titled "monitoring progress report of the global partnership on effective development cooperation" recommended to the governme
Published 09 Nov, 2016 12:00am
Three Indian diplomats leave Pakistan

Three Indian diplomats leave Pakistan

Three staff members of Indian High Commission on Tuesday left Pakistan, who along with five other diplomats and officials, were identified to have allegedly involved in terror and subversive activities against the country. Rajesh Kumar Agnihotri, commerci
Published 09 Nov, 2016 12:00am
Three Indian diplomats leave Pakistan

Three Indian diplomats leave Pakistan

Three staff members of Indian High Commission on Tuesday left Pakistan, who along with five other diplomats and officials, were identified to have allegedly involved in terror and subversive activities against the country. Rajesh Kumar Agnihotri, commerci
Published 09 Nov, 2016 12:00am
Army Field Exercises: CoAS witnesses night and dawn operations

Army Field Exercises: CoAS witnesses night and dawn operations

Chief of Army Staff (CoAS) General Raheel Sharif spent night in the field near Kharian and witnessed the night and dawn operations of the central command as part of Army Field Exercises. Exercises were aimed at validating latest operational plans involvin
Published 09 Nov, 2016 12:00am
Army Field Exercises: CoAS witnesses night and dawn operations

Army Field Exercises: CoAS witnesses night and dawn operations

Chief of Army Staff (CoAS) General Raheel Sharif spent night in the field near Kharian and witnessed the night and dawn operations of the central command as part of Army Field Exercises. Exercises were aimed at validating latest operational plans involvin
Published 09 Nov, 2016 12:00am
The Weather

The Weather

The weather report on Tuesday (November 08, 2016) and the forecast for Wednesday (November 09, 2016).

Published 09 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
New army chief: Decision likely by 27th: Asif

New army chief: Decision likely by 27th: Asif

Defence Minister Khawaja Muhammad Asif said on Tuesday that no consultation on the appointment of new chief of army staff began so far. Speaking at a private news channel talk show, the minister said that General Raheel Sharif would continue till November
Published 09 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
New army chief: Decision likely by 27th: Asif

New army chief: Decision likely by 27th: Asif

Defence Minister Khawaja Muhammad Asif said on Tuesday that no consultation on the appointment of new chief of army staff began so far. Speaking at a private news channel talk show, the minister said that General Raheel Sharif would continue till November
Published 09 Nov, 2016 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 09 Nov, 2016 12:00am
Multiple applications: SBP sets up portal for youth loan data reporting

Multiple applications: SBP sets up portal for youth loan data reporting

The State Bank of Pakistan (SBP) has announced setting up of a central portal for Prime Minister Youth Business Loan (PMYBL) Scheme data reporting to prevent multiple loan applications. The SBP has also directed the Executing Agencies (EAs) not to accept
Published 09 Nov, 2016 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 09 Nov, 2016 12:00am
Multiple applications: SBP sets up portal for youth loan data reporting

Multiple applications: SBP sets up portal for youth loan data reporting

The State Bank of Pakistan (SBP) has announced setting up of a central portal for Prime Minister Youth Business Loan (PMYBL) Scheme data reporting to prevent multiple loan applications. The SBP has also directed the Executing Agencies (EAs) not to accept
Published 09 Nov, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
Multiple applications: SBP sets up portal for youth loan data reporting

Multiple applications: SBP sets up portal for youth loan data reporting

The State Bank of Pakistan (SBP) has announced setting up of a central portal for Prime Minister Youth Business Loan (PMYBL) Scheme data reporting to prevent multiple loan applications. The SBP has also directed the Executing Agencies (EAs) not to accept
Published 09 Nov, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (November 08, 2016)

Published 09 Nov, 2016 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
PAT moves LHC against inquiry committee's chairman

PAT moves LHC against inquiry committee's chairman

The Pakistan Awami Tehreek (PAT) has moved the Lahore High Court (LHC) against the appointment of former justice Aamer Raza Khan as chairman of an inquiry committee formed to investigate a news about a high-level meeting between the civil and military off
Published 09 Nov, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
PAT moves LHC against inquiry committee's chairman

PAT moves LHC against inquiry committee's chairman

The Pakistan Awami Tehreek (PAT) has moved the Lahore High Court (LHC) against the appointment of former justice Aamer Raza Khan as chairman of an inquiry committee formed to investigate a news about a high-level meeting between the civil and military off
Published 09 Nov, 2016 12:00am
Controversial story: PPP rejects constitution of probe body

Controversial story: PPP rejects constitution of probe body

Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah has expressed displeasure over an inquiry committee constituted by the government to investigate a controversial story carried by Dawn on October 6. Talking to media on Tuesday, Khurs
Published 09 Nov, 2016 12:00am
Controversial story: PPP rejects constitution of probe body

Controversial story: PPP rejects constitution of probe body

Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah has expressed displeasure over an inquiry committee constituted by the government to investigate a controversial story carried by Dawn on October 6. Talking to media on Tuesday, Khurs
Published 09 Nov, 2016 12:00am
THE RUPEE: slight gains
Currency

THE RUPEE: slight gains

The rupee inched up versus the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee extended overnight gains, picking up three paisas in relation to the dollar for buying and selling at Rs 104.70 and Rs 104.72 respectiv
Published 09 Nov, 2016 12:00am
Imran rejects commission on Dawn leak

Imran rejects commission on Dawn leak

Chairman PTI, Imran Khan, Tuesday rejected the 7-member commission formed on the Dawn story which was an attack on national security. "The planted story was aimed at deliberately creating disconnect in civil-military relations at a time when Indian aggres
Published 09 Nov, 2016 12:00am
THE RUPEE: slight gains
Currency

THE RUPEE: slight gains

The rupee inched up versus the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee extended overnight gains, picking up three paisas in relation to the dollar for buying and selling at Rs 104.70 and Rs 104.72 respectiv
Published 09 Nov, 2016 12:00am
Imran rejects commission on Dawn leak

Imran rejects commission on Dawn leak

Chairman PTI, Imran Khan, Tuesday rejected the 7-member commission formed on the Dawn story which was an attack on national security. "The planted story was aimed at deliberately creating disconnect in civil-military relations at a time when Indian aggres
Published 09 Nov, 2016 12:00am
Ethiopia lifts travel restrictions on diplomats

Ethiopia lifts travel restrictions on diplomats

Ethiopia on Tuesday lifted a ban on foreign diplomats leaving the capital Addis Ababa, imposed as part of a countrywide state of emergency following unprecedented anti-government protests. A statement published on the state-controlled Fana Broadcasting Co
Published 09 Nov, 2016 12:00am
Pakistan, China sign MoU to eradicate corruption

Pakistan, China sign MoU to eradicate corruption

Qamar Zaman Chaudhry, Chairman NAB and Huang Shuxian, Minister of Supervision and Inspection, Peoples Republic of China signed a Memorandum of Understanding (MOU) between Pakistan and China for cooperation on matters carried with efforts to weed out corru
Published 09 Nov, 2016 12:00am
Pakistan, China sign MoU to eradicate corruption

Pakistan, China sign MoU to eradicate corruption

Qamar Zaman Chaudhry, Chairman NAB and Huang Shuxian, Minister of Supervision and Inspection, Peoples Republic of China signed a Memorandum of Understanding (MOU) between Pakistan and China for cooperation on matters carried with efforts to weed out corru
Published 09 Nov, 2016 12:00am
Real estate sector: Amnesty scheme in the offing

Real estate sector: Amnesty scheme in the offing

A joint meeting of finance committees of the both the houses -Senate and National Assembly -will propose a legislation to the next session of Parliament for giving a one-time amnesty scheme to real estate sector. This was disclosed to a group of media per
Published 09 Nov, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
Real estate sector: Amnesty scheme in the offing

Real estate sector: Amnesty scheme in the offing

A joint meeting of finance committees of the both the houses -Senate and National Assembly -will propose a legislation to the next session of Parliament for giving a one-time amnesty scheme to real estate sector. This was disclosed to a group of media per
Published 09 Nov, 2016 12:00am
Real estate sector: Amnesty scheme in the offing

Real estate sector: Amnesty scheme in the offing

A joint meeting of finance committees of the both the houses -Senate and National Assembly -will propose a legislation to the next session of Parliament for giving a one-time amnesty scheme to real estate sector. This was disclosed to a group of media per
Published 09 Nov, 2016 12:00am
Real estate sector: Amnesty scheme in the offing

Real estate sector: Amnesty scheme in the offing

A joint meeting of finance committees of the both the houses -Senate and National Assembly -will propose a legislation to the next session of Parliament for giving a one-time amnesty scheme to real estate sector. This was disclosed to a group of media per
Published 09 Nov, 2016 12:00am
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