AGL 40.02 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.99 Increased By ▲ 0.29 (0.23%)
BOP 6.66 Increased By ▲ 0.05 (0.76%)
CNERGY 4.44 Decreased By ▼ -0.16 (-3.48%)
DCL 8.75 Decreased By ▼ -0.04 (-0.46%)
DFML 41.24 Decreased By ▼ -0.34 (-0.82%)
DGKC 86.18 Increased By ▲ 0.39 (0.45%)
FCCL 32.40 Decreased By ▼ -0.09 (-0.28%)
FFBL 64.89 Increased By ▲ 0.86 (1.34%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.51 Increased By ▲ 1.74 (1.57%)
HUMNL 14.75 Decreased By ▼ -0.32 (-2.12%)
KEL 5.08 Increased By ▲ 0.20 (4.1%)
KOSM 7.38 Decreased By ▼ -0.07 (-0.94%)
MLCF 40.44 Decreased By ▼ -0.08 (-0.2%)
NBP 61.00 Decreased By ▼ -0.05 (-0.08%)
OGDC 193.60 Decreased By ▼ -1.27 (-0.65%)
PAEL 26.88 Decreased By ▼ -0.63 (-2.29%)
PIBTL 7.31 Decreased By ▼ -0.50 (-6.4%)
PPL 152.25 Decreased By ▼ -0.28 (-0.18%)
PRL 26.20 Decreased By ▼ -0.38 (-1.43%)
PTC 16.11 Decreased By ▼ -0.15 (-0.92%)
SEARL 85.50 Increased By ▲ 1.36 (1.62%)
TELE 7.70 Decreased By ▼ -0.26 (-3.27%)
TOMCL 36.95 Increased By ▲ 0.35 (0.96%)
TPLP 8.77 Increased By ▲ 0.11 (1.27%)
TREET 16.80 Decreased By ▼ -0.86 (-4.87%)
TRG 62.20 Increased By ▲ 3.58 (6.11%)
UNITY 28.07 Increased By ▲ 1.21 (4.5%)
WTL 1.32 Decreased By ▼ -0.06 (-4.35%)
BR100 10,081 Increased By 80.6 (0.81%)
BR30 31,142 Increased By 139.8 (0.45%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)
Print - 2016-11-11
'Economic affairs should have precedence over bilateral disputes'

'Economic affairs should have precedence over bilateral disputes'

Speakers at the policy dialogue on second day of the international conference on "Inter-Regional Connectivity: South Asia and Central Asia" have evolved a consensus that enhancing people-to-people contact and institutional collaborations especially among
Published 11 Nov, 2016 12:00am
One killed, another hurt in Quetta

One killed, another hurt in Quetta

At least one person killed and another was injured when unidentified armed men opened fire at a vehicle here on Thursday. Police said that unknown miscreants sprayed bullets a vehicle in Nawan Kaley locality of the provincial capital Quetta. One person di
Published 11 Nov, 2016 12:00am
Huge cache of arms recovered in Karachi

Huge cache of arms recovered in Karachi

The law enforcement agencies personnel (LEAs) recovered huge cache of arms from house of ex-chairman of Fisherman Co-operative Society (FCS) here on Thursday. The LEAs on a tip-off regarding presence of weaponry raided house of ex-chairman FCS Nisar Morai
Published 11 Nov, 2016 12:00am
July-October worker remittances down five percent YoY

July-October worker remittances down five percent YoY

Inflows of workers' remittances continued to diminish, posting a decline of 5 percent during the first four months of this fiscal year (FY17), compared to the same period of last fiscal year (FY16). According to State Bank of Pakistan (SBP) overseas Pakis
Published 11 Nov, 2016 12:00am
Appointment of new governor: MQM-Pakistan expresses reservations

Appointment of new governor: MQM-Pakistan expresses reservations

The Muttahida Qaumi Movement Pakistan in a statement released on Thursday expressed its reservations over appointment of a new governor for Sindh. "MQM-Pakistan is the second largest party of Sindh. For better working relations it would have been a good i
Published 11 Nov, 2016 12:00am
Deserving students: Qarz-e-Hasna scheme to be launched: minister

Deserving students: Qarz-e-Hasna scheme to be launched: minister

Minister of State for Federal Education and Professional Training, Engineer Muhammad Baligh-ur-Rehman Thursday said the government is going to launch Qarz-e-Hasna (interest free loan) scheme for deserving students who aspire to get higher education. He st
Published 11 Nov, 2016 12:00am
SECP highlights importance of corporatisation, compliance

SECP highlights importance of corporatisation, compliance

In order to create awareness among business community and other stakeholders of the importance of corporatisation and post-incorporation compliance requirements in the light of recent amendments to the rules and regulations, the Securities and Exchange Co
Published 11 Nov, 2016 12:00am
Dancing at Kohistan wedding: SC orders probe into whereabouts of 5 girls

Dancing at Kohistan wedding: SC orders probe into whereabouts of 5 girls

The Supreme Court on Thursday issued directives to concerned authorities in Kohistan to inquire about the whereabouts of five girls who were reportedly punished for dancing and singing at a wedding ceremony four years ago. Submitting a report in the matte
Published 11 Nov, 2016 12:00am
Dawn Leak: PTI decides to move resolution in Senate

Dawn Leak: PTI decides to move resolution in Senate

Pakistan Tehreek-e-Insaf (PTI) Thursday decided to bring a resolution in Senate with the help of other opposition parties against the seven-member disputed Inquiry Committee formed to probe into Newsgate Scandal. This was decided at a party meeting held i
Published 11 Nov, 2016 12:00am
Ceasefire violations at LoC, WB: Indian HC summoned, given demarche

Ceasefire violations at LoC, WB: Indian HC summoned, given demarche

Pakistan on Thursday declared that the India's use of heavy weaponry at the Line of Control (LoC) and Working Boundary (WB) was aimed at undermining regional peace and security, calling for an immediate end to deliberate targeting of civilian population a
Published 11 Nov, 2016 12:00am
LESCO region: First net metering system's meter installed

LESCO region: First net metering system's meter installed

The very first 135 kilowatt net metering system electricity meter was installed in the LESCO region at a private factory on Thursday. This meter facilitates the consumers on measuring the electricity either generated through solar panels for LESCO or cons
Published 11 Nov, 2016 12:00am
Faisal Edhi's morgue request falls on deaf ears

Faisal Edhi's morgue request falls on deaf ears

The Edhi Foundation has sought permission for establishing its own 'morgue' in the provincial metropolis to accommodate more than 500 dead bodies including the unidentified ones during any emergency situation. Edhi Foundation's Chief Faisal Edhi had writt
Published 11 Nov, 2016 12:00am
'Surprise Triumph'

'Surprise Triumph'

This is apropos Business Recorder news item "Surprise Triumph" in newspaper's yesterday's issue which tells its readers, among other things, that Republican candidate Donald Trump has won White House in stunning upset. There is no doubt about the f
Published 11 Nov, 2016 12:00am
Isolationist Trump stokes Nato defence fears

Isolationist Trump stokes Nato defence fears

Donald Trump's "America first" approach has Europe worried he may cut US commitments to Nato just as it mounts its biggest military build-up since the end of the Cold War to counter a more assertive Russia. Trump caused uproar during the campaign when he
Published 11 Nov, 2016 12:00am
The spirit, not the wording

The spirit, not the wording

Attempting to stall/derail the Supreme Court (SC) enquiry, one of the petitioners wanted all 400 or so named in the Panamagate to be tried. Chief Justice (CJ) Jamali dismissed it as a "20-year plan". Quoting Hazrat Umar (RA) setting a personal example by
Published 11 Nov, 2016 12:00am
Prioritising tax audit

Prioritising tax audit

Voluntary compliance under the self assessment system is supervised through the process of audit. Hence audit is an objective exercise with the specific purpose to assess and supervise the universal self assessment scheme at work. Selection for audit is,
Published 11 Nov, 2016 12:00am
New governor for Sindh

New governor for Sindh

The news is not that former CJP Saeed-uz-Zaman Siddiqui has been appointed governor of Sindh; the news is that Dr Ishratul Ibad who weathered three Presidents, five prime ministers, four chief ministers and several corps commanders has been asked to call
Published 11 Nov, 2016 12:00am
Real estate amnesty

Real estate amnesty

Mian Abdul Mannan, a member of a three-person joint parliamentary sub-committee of the National Assembly and Senate finance committee, has revealed that an agreement has been reached to endorse a legislation that would extend a one-time amnesty to the rea
Published 11 Nov, 2016 12:00am
APTMA official hails EU team's statement

APTMA official hails EU team's statement

Zahid Mazhar, Sr Vice Chairman All Pakistan Textile Mills Association (APTMA) thanked Jean Francois Cautain Ambassador of EU delegation to Pakistan for his statement that the European Union (EU) is planning to enter into a five-year strategic partnership
Published 11 Nov, 2016 12:00am
Interpol elects senior Chinese official as president

Interpol elects senior Chinese official as president

A Chinese security official was elected president of Interpol on Thursday for the first time, a potentially controversial choice as Beijing pursues a campaign to hunt down fugitives abroad. Vice Minister of Public Security Meng Hongwei was chosen as the n
Published 11 Nov, 2016 12:00am
Defence Minister hints at CoAS' retirement

Defence Minister hints at CoAS' retirement

Defence Minister Khawaja Mohammad Asif has hinted at retirement of chief of army staff General Raheel Sharif as he said on Thursday that new army chief would be chosen from among the senior generals. Speaking at Aaj News talk show 'Faisla Aapka' hosted by
Published 11 Nov, 2016 12:00am
Defence Minister hints at CoAS' retirement

Defence Minister hints at CoAS' retirement

Defence Minister Khawaja Mohammad Asif has hinted at retirement of chief of army staff General Raheel Sharif as he said on Thursday that new army chief would be chosen from among the senior generals. Speaking at Aaj News talk show 'Faisla Aapka' hosted by
Published 11 Nov, 2016 12:00am
Massive cyberattack hit five top Russian banks

Massive cyberattack hit five top Russian banks

A massive cyberattack has hit at least five of Russia''s largest banks, Moscow-based internet security giant Kaspersky said Thursday. The country''s largest lender, state-controlled Sberbank, said it had been hacked into on Tuesday but managed to neutrali
Published 11 Nov, 2016 12:00am
Massive cyberattack hit five top Russian banks

Massive cyberattack hit five top Russian banks

A massive cyberattack has hit at least five of Russia's largest banks, Moscow-based internet security giant Kaspersky said Thursday. The country's largest lender, state-controlled Sberbank, said it had been hacked into on Tuesday but managed to neutralise
Published 11 Nov, 2016 12:00am
Massive cyberattack hit five top Russian banks

Massive cyberattack hit five top Russian banks

A massive cyberattack has hit at least five of Russia's largest banks, Moscow-based internet security giant Kaspersky said Thursday. The country's largest lender, state-controlled Sberbank, said it had been hacked into on Tuesday but managed to neutralise
Published 11 Nov, 2016 12:00am
The Weather

The Weather

The weather report on Thursday (November 10, 2016) and the forecast for Friday (November 11, 2016).

Published 11 Nov, 2016 12:00am
NAB recovers Rs 3.59 billion from 9 RPPs: PAC panel told

NAB recovers Rs 3.59 billion from 9 RPPs: PAC panel told

The National Accountability Bureau (NAB) has so far made a recovery of Rs 3,593.295 million from nine Rental Power Projects (RPPs). However, the NAB failed to recover outstanding mobilisation advance from three companies, including Karkey, Piranghaib and
Published 11 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

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

Published 11 Nov, 2016 12:00am
NAB recovers Rs 3.59 billion from 9 RPPs: PAC panel told

NAB recovers Rs 3.59 billion from 9 RPPs: PAC panel told

The National Accountability Bureau (NAB) has so far made a recovery of Rs 3,593.295 million from nine Rental Power Projects (RPPs). However, the NAB failed to recover outstanding mobilisation advance from three companies, including Karkey, Piranghaib and
Published 11 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

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

Published 11 Nov, 2016 12:00am
NAB recovers Rs 3.59 billion from 9 RPPs: PAC panel told

NAB recovers Rs 3.59 billion from 9 RPPs: PAC panel told

The National Accountability Bureau (NAB) has so far made a recovery of Rs 3,593.295 million from nine Rental Power Projects (RPPs). However, the NAB failed to recover outstanding mobilisation advance from three companies, including Karkey, Piranghaib and
Published 11 Nov, 2016 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 11 Nov, 2016 12:00am
NAB recovers Rs 3.59 billion from 9 RPPs: PAC panel told

NAB recovers Rs 3.59 billion from 9 RPPs: PAC panel told

The National Accountability Bureau (NAB) has so far made a recovery of Rs 3,593.295 million from nine Rental Power Projects (RPPs). However, the NAB failed to recover outstanding mobilisation advance from three companies, including Karkey, Piranghaib and
Published 11 Nov, 2016 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 11 Nov, 2016 12:00am
July-October trade deficit soars by 21.99 percent YoY

July-October trade deficit soars by 21.99 percent YoY

The country''s trade deficit rose by 21.99 percent in the first four months of the current fiscal year as compared to the same period of last financial year, Pakistan Bureau of Statistics (PBS) said Thursday. According to provisional trade figures release
Published 11 Nov, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (November 10, 2016).

Published 11 Nov, 2016 12:00am
July-October trade deficit soars by 21.99 percent YoY

July-October trade deficit soars by 21.99 percent YoY

The country's trade deficit rose by 21.99 percent in the first four months of the current fiscal year as compared to the same period of last financial year, Pakistan Bureau of Statistics (PBS) said Thursday. According to provisional trade figures released
Published 11 Nov, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (November 10, 2016)

Published 11 Nov, 2016 12:00am
July-October trade deficit soars by 21.99 percent YoY

July-October trade deficit soars by 21.99 percent YoY

The country's trade deficit rose by 21.99 percent in the first four months of the current fiscal year as compared to the same period of last financial year, Pakistan Bureau of Statistics (PBS) said Thursday. According to provisional trade figures released
Published 11 Nov, 2016 12:00am
Russia targets Microsoft in latest anti-trust probe

Russia targets Microsoft in latest anti-trust probe

Russia''s antitrust authority on Thursday said it had opened an investigation into Microsoft for allegedly abusing its dominance in the antivirus software market. In a statement, the Federal Anti-monopoly Service said it had taken the decision after being
Published 11 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 Thursday (November 10, 2016).

Published 11 Nov, 2016 12:00am
Russia targets Microsoft in latest anti-trust probe

Russia targets Microsoft in latest anti-trust probe

Russia's antitrust authority on Thursday said it had opened an investigation into Microsoft for allegedly abusing its dominance in the antivirus software market. In a statement, the Federal Anti-monopoly Service said it had taken the decision after being
Published 11 Nov, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 10, 2016).

Published 11 Nov, 2016 12:00am
Russia targets Microsoft in latest anti-trust probe

Russia targets Microsoft in latest anti-trust probe

Russia's antitrust authority on Thursday said it had opened an investigation into Microsoft for allegedly abusing its dominance in the antivirus software market. In a statement, the Federal Anti-monopoly Service said it had taken the decision after being
Published 11 Nov, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 10, 2016).

Published 11 Nov, 2016 12:00am
Indian farmer commits suicide after rupee note ban
Currency

Indian farmer commits suicide after rupee note ban

A farmer in southern India committed suicide fearing she would be left penniless after the government's shock decision to withdraw high denomination notes from circulation, police said Thursday. Kandukuri Vinoda, 55, had a large amount of cash at her home
Published 11 Nov, 2016 12:00am
Indian farmer commits suicide after rupee note ban
Currency

Indian farmer commits suicide after rupee note ban

A farmer in southern India committed suicide fearing she would be left penniless after the government's shock decision to withdraw high denomination notes from circulation, police said Thursday. Kandukuri Vinoda, 55, had a large amount of cash at her home
Published 11 Nov, 2016 12:00am
India top court orders Punjab state to share river water

India top court orders Punjab state to share river water

India's top court ordered authorities in northern Punjab state Thursday to share river water supplies with a neighbouring state, triggering a spate of resignations by angry lawmakers. The water dispute between Punjab and Haryana has been simmering for ove
Published 11 Nov, 2016 12:00am
THE RUPEE: dollar recovers more
Currency

THE RUPEE: dollar recovers more

The dollar managed to recover further versus the rupee on the money market on Thursday in the process of trading, dealers said. The rupee maintained its levels for the third day in relation to the dollar for buying and selling at Rs 104.70 and Rs 104.72 r
Published 11 Nov, 2016 12:00am
India top court orders Punjab state to share river water

India top court orders Punjab state to share river water

India's top court ordered authorities in northern Punjab state Thursday to share river water supplies with a neighbouring state, triggering a spate of resignations by angry lawmakers. The water dispute between Punjab and Haryana has been simmering for ove
Published 11 Nov, 2016 12:00am
THE RUPEE: dollar recovers more
Currency

THE RUPEE: dollar recovers more

The dollar managed to recover further versus the rupee on the money market on Thursday in the process of trading, dealers said. The rupee maintained its levels for the third day in relation to the dollar for buying and selling at Rs 104.70 and Rs 104.72 r
Published 11 Nov, 2016 12:00am
Russia says it was in touch with Trump's campaign

Russia says it was in touch with Trump's campaign

The Russian government was in touch with members of President-elect Donald Trump's political team during the US election campaign and knows most of his entourage, one of Russia's most senior diplomats told the Interfax news agency on Thursday. Accused by
Published 11 Nov, 2016 12:00am
Russia says it was in touch with Trump's campaign

Russia says it was in touch with Trump's campaign

The Russian government was in touch with members of President-elect Donald Trump's political team during the US election campaign and knows most of his entourage, one of Russia's most senior diplomats told the Interfax news agency on Thursday. Accused by
Published 11 Nov, 2016 12:00am
Pakistan looks forward to working with Trump: FO
Currency

Pakistan looks forward to working with Trump: FO

Following the victory of Donald Trump in the US presidential election, the Foreign Office on Thursday said that Pakistan looks forward to work with the new administration in pursuit of the common ideals of freedom, democracy and prosperity.
Published 11 Nov, 2016 12:00am
Pakistan looks forward to working with Trump: FO
Currency

Pakistan looks forward to working with Trump: FO

Following the victory of Donald Trump in the US presidential election, the Foreign Office on Thursday said that Pakistan looks forward to work with the new administration in pursuit of the common ideals of freedom, democracy and prosperity.
Published 11 Nov, 2016 12:00am
Trump win prompts protests

Trump win prompts protests

Protesters burned a giant orange-haired head of Donald Trump in effigy, lit fires in the streets and blocked traffic as rage over the billionaire's election victory spilled onto the streets of major US cities. From New York to Los Angeles, thousands of pe
Published 11 Nov, 2016 12:00am
Trump win prompts protests

Trump win prompts protests

Protesters burned a giant orange-haired head of Donald Trump in effigy, lit fires in the streets and blocked traffic as rage over the billionaire's election victory spilled onto the streets of major US cities. From New York to Los Angeles, thousands of pe
Published 11 Nov, 2016 12:00am
Obama hails 'excellent conversation'

Obama hails 'excellent conversation'

Barack Obama and his successor Donald Trump held a 90-minute transition meeting in the Oval Office Thursday, with the outgoing president vowing his support after an "excellent conversation." The Democratic US leader told the Republican president-elect his
Published 11 Nov, 2016 12:00am
Obama hails 'excellent conversation'

Obama hails 'excellent conversation'

Barack Obama and his successor Donald Trump held a 90-minute transition meeting in the Oval Office Thursday, with the outgoing president vowing his support after an "excellent conversation." The Democratic US leader told the Republican president-elect his
Published 11 Nov, 2016 12:00am
BRIndex30 rises 222.74 points

BRIndex30 rises 222.74 points

On Thursday, BRIndex30 opened at 23,964.96 points and remained positive throughout the trading session. It touched an intraday high of 24,262.19 points and an intraday low of 23,964.96 points and closed at 24,187.70 which was 222.74 points or 0.93 percent
Published 11 Nov, 2016 12:00am
BRIndex30 rises 222.74 points

BRIndex30 rises 222.74 points

On Thursday, BRIndex30 opened at 23,964.96 points and remained positive throughout the trading session. It touched an intraday high of 24,262.19 points and an intraday low of 23,964.96 points and closed at 24,187.70 which was 222.74 points or 0.93 percent
Published 11 Nov, 2016 12:00am
Bulls toss index to new peak

Bulls toss index to new peak

Pakistan Stock Exchange (PSX) Thursday demonstrated a strong upward trend throughout the day. The benchmark KSE-100 index crossed 42,700 psychological level on the back of local investors and institutions'' support. The index closed at the highest-ever le
Published 11 Nov, 2016 12:00am
Bulls toss index to new peak

Bulls toss index to new peak

Pakistan Stock Exchange (PSX) Thursday demonstrated a strong upward trend throughout the day. The benchmark KSE-100 index crossed 42,700 psychological level on the back of local investors and institutions' support. The index closed at the highest-ever lev
Published 11 Nov, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Nov, 2016 12:00am
Bulls toss index to new peak

Bulls toss index to new peak

Pakistan Stock Exchange (PSX) Thursday demonstrated a strong upward trend throughout the day. The benchmark KSE-100 index crossed 42,700 psychological level on the back of local investors and institutions' support. The index closed at the highest-ever lev
Published 11 Nov, 2016 12:00am
Dawn leak: Nisar briefs probe body

Dawn leak: Nisar briefs probe body

An investigation committee to probe the controversial news report has been provided with the relevant documents and records, according to well placed sources. The first-ever meeting of the committee was held in-camera in the Punjab House here where the In
Published 11 Nov, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Nov, 2016 12:00am
Dawn leak: Nisar briefs probe body

Dawn leak: Nisar briefs probe body

An investigation committee to probe the controversial news report has been provided with the relevant documents and records, according to well placed sources. The first-ever meeting of the committee was held in-camera in the Punjab House here where the In
Published 11 Nov, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 11 Nov, 2016 12:00am
Power bills: MoF opposes Rs 50 billion waiver to Sindh government

Power bills: MoF opposes Rs 50 billion waiver to Sindh government

Finance Ministry has reportedly opposed waiving off Rs 50 billion to Sindh government through an agreement tailored by the Ministry of Water and Power saying that the proposed settlement will create a precedent for other provinces which cannot be entertai
Published 11 Nov, 2016 12:00am
Power bills: MoF opposes Rs 50 billion waiver to Sindh government

Power bills: MoF opposes Rs 50 billion waiver to Sindh government

Finance Ministry has reportedly opposed waiving off Rs 50 billion to Sindh government through an agreement tailored by the Ministry of Water and Power saying that the proposed settlement will create a precedent for other provinces which cannot be entertai
Published 11 Nov, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 11 Nov, 2016 12:00am
Power bills: MoF opposes Rs 50 billion waiver to Sindh government

Power bills: MoF opposes Rs 50 billion waiver to Sindh government

Finance Ministry has reportedly opposed waiving off Rs 50 billion to Sindh government through an agreement tailored by the Ministry of Water and Power saying that the proposed settlement will create a precedent for other provinces which cannot be entertai
Published 11 Nov, 2016 12:00am
Sri Lanka lifts ban on foreigners buying property

Sri Lanka lifts ban on foreigners buying property

Sri Lanka announced Thursday it would lift a ban on foreigners owning property as the cash-strapped country sought to attract foreign capital to rebuild its war-ravaged economy. Finance Minister Ravi Karunanayake told parliament of the potential to attrac
Published 11 Nov, 2016 12:00am