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Print - 2016-12-08
ADB to finance road rehabilitation project in KP: CM

ADB to finance road rehabilitation project in KP: CM

KP Chief Minister Pervez Khattak while talking to a seven-member mission of Asian Development Bank at CM House Peshawar on Wednesday has said his government was all set to integrate the entire road network throughout the province as a step ahead for enhan
Published 08 Dec, 2016 12:00am
ADB to finance road rehabilitation project in KP: CM

ADB to finance road rehabilitation project in KP: CM

KP Chief Minister Pervez Khattak while talking to a seven-member mission of Asian Development Bank at CM House Peshawar on Wednesday has said his government was all set to integrate the entire road network throughout the province as a step ahead for enhan
Published 08 Dec, 2016 12:00am
Companies Ordinance 2016Z: awareness session of SECP Registrars held

Companies Ordinance 2016Z: awareness session of SECP Registrars held

The Securities and Exchange Commission of Pakistan (SECP) held a two-day interactive awareness session of Registrars deputed in the various Companies Registration Offices on recently promulgated Companies Ordinance, 2016 (the "Ordinance"), at head office,
Published 08 Dec, 2016 12:00am
Dar attends 75th AFD anniversary

Dar attends 75th AFD anniversary

Federal Minister for Finance, Senator Ishaq Dar attended the 75th Anniversary celebrations of French Agency for Development (AFD) hosted by French President Francoise Hollande in Paris. The ceremony was attended by the Jean Marc Ayrault French Foreign Min
Published 08 Dec, 2016 12:00am
Dar meets Prince Karim Aga Khan

Dar meets Prince Karim Aga Khan

Senator Ishaq Dar, Minister for Finance met His Highness Prince Karim Aga Khan on the sidelines of the 75th Anniversary celebrations of the French agency for Development in Paris The Minister expressed good wishes to Prince Karim Aga Khan and said that th
Published 08 Dec, 2016 12:00am
CJ parliamentary body discuss appointment of judges in superior courts

CJ parliamentary body discuss appointment of judges in superior courts

A delegation of parliamentary committee on judges appointment in the superior courts headed by Senator Raja M Zafar-ul-Haq, Chairman and including Senator Ilyas Ahmed Bilour, Senator Farooq Hamid Naek, Senator Muhammad Javed Abbasi, Chaudhry Mahmood Bashi
Published 08 Dec, 2016 12:00am
In re-verification drive Nadra verifies over 95 million CNICs

In re-verification drive Nadra verifies over 95 million CNICs

National Database and Registration Authority (NADRA) has verified over 95 million Computerized National Identity Cards during its ongoing CNIC re-verification campaign, which has been under way since July this year. A senior official said that NADRA offic
Published 08 Dec, 2016 12:00am
Case against Wapda Foundation for non-payment of taxes

Case against Wapda Foundation for non-payment of taxes

Directorate General of Intelligence and Investigation Inland Revenue has framed a case against M/s Pakistan WAPDA Foundation, Lahore, for non-payment of sales tax and income tax to the tune of around Rs 1.5 billion for carrying out multiple business activ
Published 08 Dec, 2016 12:00am
How starvation stunts growth of Punjab's children

How starvation stunts growth of Punjab's children

Punjab Minister for Health Khawaja Imran Nazir has said that dangers for malnutrition in children are all too serious and the government would make every possible effort to reduce the rate of stunting occurring among children in Punjab. He stated this whi
Published 08 Dec, 2016 12:00am
Punjab university to replace existing examination system

Punjab university to replace existing examination system

Punjab University and Abacus Consultants have entered into an agreement for Development of Examination Management Information System (EMIS) which will replace existing examination system. In this regards, a Memorandum of Understanding (MoU) signing ceremo
Published 08 Dec, 2016 12:00am
Customs, dry ports bodies stage protest against IDC

Customs, dry ports bodies stage protest against IDC

All Pakistan Customs Agents Association and All Pakistan Dry Ports Association members staged a protest on Wednesday against levy of Infrastructure Development Cess in Punjab province. The demonstration was participated by a large number of members of bot
Published 08 Dec, 2016 12:00am
Lesco report identifies 10,000 risky sites

Lesco report identifies 10,000 risky sites

The Lahore Electricity Supply Company (Lesco) has completed a detailed study of commercial and domestic areas that identified 10,000 sites as dangerous locations in the city. Lesco's Chief Executive Officer Syed Wajid Ali Khazmi disclosed this while speak
Published 08 Dec, 2016 12:00am
Dr Werner asks rice exporters to keep eye on rapid alert system

Dr Werner asks rice exporters to keep eye on rapid alert system

Eurofins Global Control GMbH Head Dr Werner Nader has asked the rice exporters of Pakistan to keep an eye on rapid alert system developed by the European Union for food sector to maintain their inroads in that huge market. He stressed the need for being v
Published 08 Dec, 2016 12:00am
Two robbers killed in encounter

Two robbers killed in encounter

Two robbers were killed and two others managed to escape after an encounter with police here on Wednesday. According to reports, the police on a tipoff chased and approached a four-member robber gang near Pattoki city of district Kasur. Upon sight of poli
Published 08 Dec, 2016 12:00am
Siraj grieved over PIA plane tragedy

Siraj grieved over PIA plane tragedy

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq has expressed deep grief over the PIA plane crash causing heavy loss of life. He called for a thorough enquiry into the plane crash and making public the enquiry findings. He also prayed for those ki
Published 08 Dec, 2016 12:00am
Bilawal sure elections due next year

Bilawal sure elections due next year

While expecting general elections in 2017, Chairman of Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has expressed his doubt over the ability of PML-N to complete tenure. He was talking to media at the Bilawal House Bahria Town on Wednesday.
Published 08 Dec, 2016 12:00am
UHS declares MBBS result

UHS declares MBBS result

The University of Health Sciences (UHS) announced the result of IInd Professional MBBS annual examination 2016. A total of 4920 candidates from as many as 35 affiliated medical colleges appeared in the examination out of which 4330 passed and 546 failed.
Published 08 Dec, 2016 12:00am
'Quality seed, modern sowing methods to help increase agri output'

'Quality seed, modern sowing methods to help increase agri output'

The agriculture productivity of the country can be increased manifold by applying the available system including quality seed, sowing methods, balanced usage of inputs, methods to reduce post harvest losses and proper spray of pesticides, said University
Published 08 Dec, 2016 12:00am
Two factories sealed

Two factories sealed

Punjab Food Minister Bilal Yasin on Wednesday conducted a raid on food manufacturing factory situated at Kala Khatai Road near Shahdara. Both the factories were sealed and the minister ordered to take into possession 25,000kg substandard food items amount
Published 08 Dec, 2016 12:00am
PGMI students urged to follow modern trends

PGMI students urged to follow modern trends

Principal Post Graduate Medical Institute (PGMI) Professor Ghiyas un Nabi Tayyab has stressed upon medical students to follow modern trends of medical science especially in clinical department, to ensure improved medical facilities to patients. While addr
Published 08 Dec, 2016 12:00am
Jamaat for more pressure on New Delhi

Jamaat for more pressure on New Delhi

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has stressed upon US President elect Donald Trump to stop India from human rights violations in Kashmir and pressurise New Delhi for the implementation of the UN resolutions to ensure the right of self de
Published 08 Dec, 2016 12:00am
'Black Day' to be observed against FBR audit policy: LCCI

'Black Day' to be observed against FBR audit policy: LCCI

Chambers of commerce and industry in Punjab would observe "Black Day" against the FBR Audit Policy 2016 after Rabi-ul-Awwal while black flags would also be hoisted on their buildings. This decision was taken during a meeting convened by the Lahore Chamber
Published 08 Dec, 2016 12:00am
'Black Day' to be observed against FBR audit policy: LCCI

'Black Day' to be observed against FBR audit policy: LCCI

Chambers of commerce and industry in Punjab would observe "Black Day" against the FBR Audit Policy 2016 after Rabi-ul-Awwal while black flags would also be hoisted on their buildings. This decision was taken during a meeting convened by the Lahore Chamber
Published 08 Dec, 2016 12:00am
Dilip Kumar hospitalised

Dilip Kumar hospitalised

Veteran Indian actor Dilip Kumar was admitted to Mumbai's Lilavati Hospital. The actor was hospitalised after suffering from fever and swelling in his right leg. He was taken to the hospital by his wife Saira Banu. "I was anyway planning to take him for a
Published 08 Dec, 2016 12:00am
Huawei's highly anticipated Mate 9 available in Pakistan

Huawei's highly anticipated Mate 9 available in Pakistan

Further to the launch of the highly anticipated Mate 9 in Munich, Germany earlier this month; Huawei announced the device availability in the Pakistan market today. After the tremendous response during pre-booking for the coveted Mate 9 Huawei Pakistan ha
Published 08 Dec, 2016 12:00am
JS Capital Protected Fund V: PSX approves formal listing

JS Capital Protected Fund V: PSX approves formal listing

Pakistan Stock Exchange (PSX) has approved the formal listing and quotation of the units of JS Capital Protected Fund V, an open-end mutual fund on the exchange with effect from December 09.
Published 08 Dec, 2016 12:00am
JS Capital Protected Fund V: PSX approves formal listing

JS Capital Protected Fund V: PSX approves formal listing

Pakistan Stock Exchange (PSX) has approved the formal listing and quotation of the units of JS Capital Protected Fund V, an open-end mutual fund on the exchange with effect from December 09.
Published 08 Dec, 2016 12:00am
JUI-F leader for Fata to have status of province

JUI-F leader for Fata to have status of province

Jamiat Ulema-e-Islam Fazl central naib ameer Maulana Fazal Ali Haqqani has said the century old draconian law Frontier Crime Regulation (FCR) should be abolished and the tribal belt should granted status of separate province. He was addressing to oath cer
Published 08 Dec, 2016 12:00am
Schedule of issue of Masood Textile Mills' Right Shares approved

Schedule of issue of Masood Textile Mills' Right Shares approved

Pakistan Stock Exchange (PSX) has approved the schedule of issue of Right Shares of Masood Textile Mills Limited. According to a PSX notice issued on Wednesday, the trading in the Unpaid Rights of the Company will start on this Exchange w.e.f. December 19
Published 08 Dec, 2016 12:00am
Next Capital's Right Shares PSX approves schedule of issue

Next Capital's Right Shares PSX approves schedule of issue

Pakistan Stock Exchange (PSX) has approved the schedule of issue of Right Shares of Next Capital Limited. According to a PSX notice issued on Wednesday, the trading in the Unpaid Rights of the Company will start on this Exchange w.e.f. December 13, 2016.
Published 08 Dec, 2016 12:00am
Next Capital's Right Shares PSX approves schedule of issue

Next Capital's Right Shares PSX approves schedule of issue

Pakistan Stock Exchange (PSX) has approved the schedule of issue of Right Shares of Next Capital Limited. According to a PSX notice issued on Wednesday, the trading in the Unpaid Rights of the Company will start on this Exchange w.e.f. December 13, 2016.
Published 08 Dec, 2016 12:00am
ABL enters into strategic partnership with MasterCard

ABL enters into strategic partnership with MasterCard

Allied Bank Limited, one of Pakistan's leading private sector commercial banks has recently entered into a strategic partnership with MasterCard, a leading technology company in the global payments industry. Under this partnership, both Allied Bank and Ma
Published 08 Dec, 2016 12:00am
Germany keen to invest in NTDC projects: envoy

Germany keen to invest in NTDC projects: envoy

German Ambassador to Pakistan Ina Lepel said that Germany has always considered Pakistan as its important ally in South Asia and would boost co-operation in energy sector of the country. This was stated on Tuesday during her visit to 500 kV Grid Station N
Published 08 Dec, 2016 12:00am
MCB Bank launches MCBSME Card

MCB Bank launches MCBSME Card

MCB Bank Ltd, Pakistan's leading private sector bank, launched a new pioneering financial product, the MCBSME Card in collaboration with METRO Cash & Carry Pakistan. The first of its kind card based clean lending product was unveiled during a MoU signing
Published 08 Dec, 2016 12:00am
Seminar on National Voters Day held in Hyderabad

Seminar on National Voters Day held in Hyderabad

The Election Commission of Pakistan celebrated the National Voters Day across country on December 7, 2016 at national, provincial and district level. In this connection, the National Voters day was celebrated in District Hyderabad.
Published 08 Dec, 2016 12:00am
AGTL plans to invest in improving products quality

AGTL plans to invest in improving products quality

Al-Ghazi Tractors Limited (AGTL) is planning to invest millions of dollars to improve quality of AGTL's products through construction of quality lab while training of mechanics, setting up of call center for efficient customer support and new modern paint
Published 08 Dec, 2016 12:00am
All high-rise buildings in Karachi facing serious safety threat

All high-rise buildings in Karachi facing serious safety threat

All commercial and high-rise buildings in Karachi have been facing serious safety threat as there are no laws or regulations put in place which could envisage setting up a central regulatory body for implementing mandatory regulations and measures to cope
Published 08 Dec, 2016 12:00am
Cold and dry weather forecast

Cold and dry weather forecast

The Met Office on Wednesday forecast mainly cold and dry weather for the most parts of the country in the next 24 hours. It said that the foggy conditions were likely to prevail over the plain areas of Punjab and Upper Sindh during night and morning hours
Published 08 Dec, 2016 12:00am
Fire brigade department declares hotel fire accident

Fire brigade department declares hotel fire accident

The fire brigade department has completed its report and called the fire accident in a private hotel that claimed 12 lives and injured more than 110. Chief Fire Officer Tehseen Ahmed said that the causes of the fire in the hotel are not clear. The Chief F
Published 08 Dec, 2016 12:00am
'Government should focus on wind and solar power'

'Government should focus on wind and solar power'

Chairman Businessmen Panel and Pakistan Business Group Alliance of FPCCI Mian Zahid Hussain, Presidential Candidate Abdul Rahim Janoo and candidate for SVP Mian Anjum Nisar for FPCCI elections have said government should not ignore the matchless potential
Published 08 Dec, 2016 12:00am
Envoy to Bosnia assures full support to KCCI on trade promotion

Envoy to Bosnia assures full support to KCCI on trade promotion

Pakistan ambassador to Bosnia Saleem Nawaz has assured to fully support and cooperate with the Karachi Chamber of Commerce in all its initiatives on promoting trade and investment ties with Bosnia. Speaking at a meeting during his visit to Karachi Chamber
Published 08 Dec, 2016 12:00am
PPL's net production crossed 1 bcfepd in November

PPL's net production crossed 1 bcfepd in November

Pakistan Petroleum Limited (PPL) has achieved a major milestone in November with net PPL production once again crossing the 1 bcfe/day-mark, resulting in an overall production increase of more than 10 percent during the current year as compared to 2014-20
Published 08 Dec, 2016 12:00am
Semester exams postponed

Semester exams postponed

Muhammad Ali Roshan Pathan, Controller of Examinations (Semester), University of Sindh has announced that papers of the ongoing second semester examinations of Bachelors, Masters (Hons & Pass) Final (Regular and Improver/ Failure) scheduled on December 12
Published 08 Dec, 2016 12:00am
SBP to hold memorial lecture on December 12

SBP to hold memorial lecture on December 12

State Bank of Pakistan (SBP) is organising Zahid Husain Memorial Lecture (21st in series) titled, "State capabilities on delivering higher economic growth" on Monday (12 December 2016) at a hotel in Karachi. Timothy John Besley will be a keynote speaker.
Published 08 Dec, 2016 12:00am
CPEC to help Pakistan achieve economic turnaround, says CPHGC CEO

CPEC to help Pakistan achieve economic turnaround, says CPHGC CEO

China Pakistan Economic Corridor (CPEC) is a symbol of long-term friendship and economic co-operation between China and Pakistan and it will help achieve turnaround of the economy. These views were shared by Chief Executive Officer, China Power Hub Genera
Published 08 Dec, 2016 12:00am
Around 54 stalls set up at disaster management expo

Around 54 stalls set up at disaster management expo

As many as 54 stalls were set up during the eighth National Disaster Management Exhibition held at University of Peshawar (UoP) on Wednesday. The two-day exhibition was organised by the Centre for Disaster Preparedness and Management volunteer club in col
Published 08 Dec, 2016 12:00am
LHC terms report against: Altaf Hussain unsatisfactory

LHC terms report against: Altaf Hussain unsatisfactory

The Lahore High Court on Wednesday termed the report on action against the Muttahida Quasi Movement's London-based leader under treason charges as unsatisfactory and directed the interior secretary to submit a clear reply within fortnight. A full bench he
Published 08 Dec, 2016 12:00am
90 percent abducted children recovered, Supreme Court told

90 percent abducted children recovered, Supreme Court told

Advocate General of Punjab Shakilur Rehman Khan on Wednesday told the Supreme Court that 90 percent children abducted from different parts of the province had been recovered. He submitted a report on progress made in the child-abduction cases. Earlier, Se
Published 08 Dec, 2016 12:00am
Over 4,000 women gain education skills

Over 4,000 women gain education skills

The 'SMS-based Adult Female Literacy Programme' has so far enabled over 4,000 adult females in Khyber Pakhtunkhwa to read the newspaper, write in Urdu, perform everyday calculations and gain necessary life skills. This was disclosed in a showcase event he
Published 08 Dec, 2016 12:00am
Awareness campaign launched to promote healthy living

Awareness campaign launched to promote healthy living

Pakistan loses 4 per cent of its Gross Domestic Product (GDP) because of sanitation and water related issues while 39,000 children die of poor sanitation every year; therefore, the people from all walks of life need to join hands to raise awareness about
Published 08 Dec, 2016 12:00am
Awareness campaign launched to promote healthy living

Awareness campaign launched to promote healthy living

Pakistan loses 4 per cent of its Gross Domestic Product (GDP) because of sanitation and water related issues while 39,000 children die of poor sanitation every year; therefore, the people from all walks of life need to join hands to raise awareness about
Published 08 Dec, 2016 12:00am
Government mops up Rs 147 billion through auction for MTBs

Government mops up Rs 147 billion through auction for MTBs

The federal government Wednesday raised Rs 147 billion through the auction for Market Treasury Bills. The State Bank of Pakistan (SBP), on December 7, 2016, conducted the auction for the sale of 3-month, 6-month and 12-month MTBs and received bids amounti
Published 08 Dec, 2016 12:00am
Government mops up Rs 147 billion through auction for MTBs

Government mops up Rs 147 billion through auction for MTBs

The federal government Wednesday raised Rs 147 billion through the auction for Market Treasury Bills. The State Bank of Pakistan (SBP), on December 7, 2016, conducted the auction for the sale of 3-month, 6-month and 12-month MTBs and received bids amounti
Published 08 Dec, 2016 12:00am
Pakistan, Latvia hold political consultations

Pakistan, Latvia hold political consultations

Bilateral political consultations between Pakistan and Latvia were held at the Ministry of Foreign Affairs. Ambassador Zaheer A. Janjua, Additional Secretary (Europe), led the Pakistan side while the Latvian delegation was headed by Andrejs Pildegovics, S
Published 08 Dec, 2016 12:00am
FBR specifies places/limits for loading, unloading

FBR specifies places/limits for loading, unloading

The Federal Board of Revenue (FBR) specified places/limits at Port Qasim, Karachi for loading and unloading of bulk grain/fertiliser and storage of bulk cargo by M/s Fauji Akbar Portia Marine Terminal Limited. In this regard, the FBR issued an SRO.1130(I)
Published 08 Dec, 2016 12:00am
KP minister welcomes convening of NFC award meeting

KP minister welcomes convening of NFC award meeting

Khyber Pakhtunkhwa Minister announcement of the Federal Government about convening the decisive meeting on 9th National Finance Commission (NFC) Award before end of the current month and expressed the confidence that the announcement would be materialised
Published 08 Dec, 2016 12:00am
President's orders cannot be changed in courts: Federal Ombudsman

President's orders cannot be changed in courts: Federal Ombudsman

Federal Ombudsman Salman Farooqui said here on Wednesday that the President's orders on the appeals filed against the decisions of the Federal Ombudsman and the Federal Tax Ombudsman (FTO) cannot be changed in courts of law. Addressing media persons in hi
Published 08 Dec, 2016 12:00am
Plane crash: PIA chief, CEO offer condolences to bereaved families

Plane crash: PIA chief, CEO offer condolences to bereaved families

PIA Chairman Azam Saigol and CEO Bernd Hildenbrand have expressed deep grief and sorrow over the tragic incident involving crash of PIA's ATR-42 (AP-BHO) aircraft this afternoon and extended heartfelt condolences to the families of those who lost their li
Published 08 Dec, 2016 12:00am
US presents two Zodiac Hurricane boats to PMSA

US presents two Zodiac Hurricane boats to PMSA

The representatives from the US Office of the Defense Representative Pakistan (ODRP) presented two Zodiac Hurricane boats valued at more than $1,000,000 to Pakistan Maritime Security Agency (PMSA) in Karachi. The PMSA, part of the Ministry of Defense, is
Published 08 Dec, 2016 12:00am
Afrasiab for strategic planning to tackle terrorism, extremism

Afrasiab for strategic planning to tackle terrorism, extremism

Central leader of Awami National Party (ANP), Afrasiab Khattak on Wednesday while stressing the need for strategic planning to weed out terrorism and extremism from the society has said Pakistan is a security state where extremism is still flourishing due
Published 08 Dec, 2016 12:00am
The Weather

The Weather

The weather report on Wednesday (December 07, 2016) and the forecast for Thursday (December 08, 2016).

Published 08 Dec, 2016 12:00am
Balochistan parliamentary team visits Australia

Balochistan parliamentary team visits Australia

A nineteen-member Balochistan parliamentary delegation, led by provincial assembly Speaker Rahila Hameed Durrani, visited Australia from November 27 to December 4, 2016. It was the first-ever delegation of its kind from Balochistan to Australia, not only
Published 08 Dec, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (December 07, 2016).

Published 08 Dec, 2016 12:00am
Nawaz failed to provide credible evidence on properties abroad: Imran

Nawaz failed to provide credible evidence on properties abroad: Imran

The Chairman of the Pakistan Tehreek-e-Insaf Imran Khan Wednesday claimed that Prime Minister Nawaz Sharif has failed to provide satisfactory evidence about his children's properties abroad. "In the Parliament, he (Sharif) had said that he had all the evi
Published 08 Dec, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 08 Dec, 2016 12:00am
PM for moving bodies of PIA crash victims to one hospital

PM for moving bodies of PIA crash victims to one hospital

Prime Minister Nawaz Sharif Wednesday directed the National Disaster Management Authority (NDMA) to ensure transportation of all the bodies of Pakistan International Airlines (PIA) plane crash victims to one hospital for their recognition and further tran
Published 08 Dec, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 08 Dec, 2016 12:00am
Amendment in Income Tax Ordinance: PRIEF appreciates government's move

Amendment in Income Tax Ordinance: PRIEF appreciates government's move

Pakistan Real Estate Investment Forum (PREIF) has appreciated government's move to Amend Income Tax Ordinance 2001. Addressing a press conference on Wednesday at Karachi Press Club, President PREIF Shaban Elahi said that positive business activities are e
Published 08 Dec, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (December 07, 2016).

Published 08 Dec, 2016 12:00am
Amendment in Income Tax Ordinance: PRIEF appreciates government's move

Amendment in Income Tax Ordinance: PRIEF appreciates government's move

Pakistan Real Estate Investment Forum (PREIF) has appreciated government's move to Amend Income Tax Ordinance 2001. Addressing a press conference on Wednesday at Karachi Press Club, President PREIF Shaban Elahi said that positive business activities are e
Published 08 Dec, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (December 07, 2016)

Published 08 Dec, 2016 12:00am
40 percent more GIDC collected during 2015-16

40 percent more GIDC collected during 2015-16

The government collected 40 percent more Gas Infrastructure Development Cess (GIDC) during the fiscal year 2015-16 as compared to corresponding period of previous fiscal, according to the ministry of finance. A comparison of budgetary operations of 2015-1
Published 08 Dec, 2016 12:00am
40 percent more GIDC collected during 2015-16

40 percent more GIDC collected during 2015-16

The government collected 40 percent more Gas Infrastructure Development Cess (GIDC) during the fiscal year 2015-16 as compared to corresponding period of previous fiscal, according to the ministry of finance. A comparison of budgetary operations of 2015-1
Published 08 Dec, 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 Wednesday (December 07, 2016).

Published 08 Dec, 2016 12:00am
Oil slips on bearish US inventory report, doubts over OPEC cut

Oil slips on bearish US inventory report, doubts over OPEC cut

Oil prices slid on Wednesday on bearish US petroleum inventory data and doubts that production cuts promised by OPEC and Russia would be deep enough to end a supply overhang that has weighed on markets for more than two years. Brent futures fell 93 cents,
Published 08 Dec, 2016 12:00am
US MIDDAY: wheat and corn sag; soyabeans choppy

US MIDDAY: wheat and corn sag; soyabeans choppy

US wheat and corn futures fell about 1 percent on Wednesday, pressured by plentiful world feedgrain supplies and profit-taking following light rallies a day earlier, traders said. Soyabean futures were choppy despite worries about South American crop weat
Published 08 Dec, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (December 07, 2016).

Published 08 Dec, 2016 12:00am
US MIDDAY: gold rises
Currency

US MIDDAY: gold rises

Gold extended its rise on Wednesday, rebounding from this week's 10-month low as the dollar eased against the euro ahead of a European Central Bank meeting and on the view that a US rate rise next week was already reflected in prices. In November, the yel
Published 08 Dec, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (December 07, 2016).

Published 08 Dec, 2016 12:00am
Humiliating treatment

Humiliating treatment

The humiliating treatment meted out to Sartaj Aziz by Afghan President Ashraf Ghani and Narendra Modi is shocking, to say the least. While the attitude of Modi is due to his intense hatred of Muslims and Pakistan, Ghani conveniently forgot how much Afghan
Published 08 Dec, 2016 12:00am
UK's lower house would back triggering EU divorce talks

UK's lower house would back triggering EU divorce talks

While the British government tries to prevent parliament voting on its plan to trigger the country's exit from the European Union, Reuters research indicates the lower house would in fact support its move, based on lawmakers' recent statements. Prime Mini
Published 08 Dec, 2016 12:00am
Houbara bustard hunters are back

Houbara bustard hunters are back

It has become an annual ritual for the concerned citizens to raise protest voices against liberal issuance of permits to Arab princes, sheikhs and wealthy businessmen for hunting the houbara bustard- on the International Union for Conservation of Nature's
Published 08 Dec, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Wednesday as the rupee moved cautiously against the dollar in the process of trading, dealers said. The rupee inched up by three paisas in relation to the dollar for buying and selling at Rs 104.77 and Rs 104.78 r
Published 08 Dec, 2016 12:00am
Strategic thinking

Strategic thinking

The recent spat between India and Pakistan at the Heart of Asia Conference in Amritsar reflects the state of India-Pakistan relations at a time when tectonic shifts are taking place in the geopolitical positioning in the world. The emergence of China as t
Published 08 Dec, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Wednesday as the rupee moved cautiously against the dollar in the process of trading, dealers said. The rupee inched up by three paisas in relation to the dollar for buying and selling at Rs 104.77 and Rs 104.78 r
Published 08 Dec, 2016 12:00am
This new beginning

This new beginning

Among the men in tuxedos there stood a man in Pakistan's ceremonial garb, including the 'pug' (turban) on his head, to receive his Nobel Prize in Physics. He was Dr Abdus Salam wanted the world to know that he comes from Pakistan, a Third World country th
Published 08 Dec, 2016 12:00am
Death of a popular icon

Death of a popular icon

The passing away of 68-year-old long serving Tamil Nadu Chief Minister Jayalalithaa Jayaram on December 5 evoked among her supporters the expected tsunami of grief. She had been ill in hospital since being admitted with a fever in September. Hundreds of p
Published 08 Dec, 2016 12:00am
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