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Print - 2016-12-08
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
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
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
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
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
17 percent GST maintained at Rs 400 per MMBTU for industries: Khaqan

17 percent GST maintained at Rs 400 per MMBTU for industries: Khaqan

Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi said Wednesday the government has maintained a 17 percent GST on the gas sale price for the industrial sector at Rs 400 per MMBTU. The Ministry of Petroleum and the Federal Board of Revenu
Published 08 Dec, 2016 12:00am
17 percent GST maintained at Rs 400 per MMBTU for industries: Khaqan

17 percent GST maintained at Rs 400 per MMBTU for industries: Khaqan

Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi said Wednesday the government has maintained a 17 percent GST on the gas sale price for the industrial sector at Rs 400 per MMBTU. The Ministry of Petroleum and the Federal Board of Revenu
Published 08 Dec, 2016 12:00am
NIB Bank-MCB Bank merger approved

NIB Bank-MCB Bank merger approved

The board of directors of MCB Bank on Wednesday approved and recommended the Scheme of amalgamation of NIB Bank with and into MCB by way of amalgamation/merger of NIB with and into MCB through a share swap arrangement, according to a notice sent to Pakist
Published 08 Dec, 2016 12:00am
NIB Bank-MCB Bank merger approved

NIB Bank-MCB Bank merger approved

The board of directors of MCB Bank on Wednesday approved and recommended the Scheme of amalgamation of NIB Bank with and into MCB by way of amalgamation/merger of NIB with and into MCB through a share swap arrangement, according to a notice sent to Pakist
Published 08 Dec, 2016 12:00am
NIB Bank-MCB Bank merger approved

NIB Bank-MCB Bank merger approved

The board of directors of MCB Bank on Wednesday approved and recommended the Scheme of amalgamation of NIB Bank with and into MCB by way of amalgamation/merger of NIB with and into MCB through a share swap arrangement, according to a notice sent to Pakist
Published 08 Dec, 2016 12:00am
PIA plane crashes with 48 on board; 36 bodies recovered

PIA plane crashes with 48 on board; 36 bodies recovered

A plane belonging to Pakistan's national carrier crashed on Wednesday with 48 people on board, apparently killing all of them, police and an airline spokesman said. According to senior police officer Khurram Rasheed, the plane crashed in a village near th
Published 08 Dec, 2016 12:00am
PIA plane crashes with 48 on board; 36 bodies recovered

PIA plane crashes with 48 on board; 36 bodies recovered

A plane belonging to Pakistan's national carrier crashed on Wednesday with 48 people on board, apparently killing all of them, police and an airline spokesman said. According to senior police officer Khurram Rasheed, the plane crashed in a village near th
Published 08 Dec, 2016 12:00am
No technical fault in plane: PIA chairman

No technical fault in plane: PIA chairman

Chairman Pakistan International Airline (PIA), Muhammad Azam Saigol has confirmed that all the 48 passengers on board an Islamabad-bound flight, PK166, from Chitral have died. Addressing a press conference here Wednesday night, he said that there was no t
Published 08 Dec, 2016 12:00am
No technical fault in plane: PIA chairman

No technical fault in plane: PIA chairman

Chairman Pakistan International Airline (PIA), Muhammad Azam Saigol has confirmed that all the 48 passengers on board an Islamabad-bound flight, PK166, from Chitral have died. Addressing a press conference here Wednesday night, he said that there was no t
Published 08 Dec, 2016 12:00am
More survivors found in Yemen shipwreck

More survivors found in Yemen shipwreck

More than 40 people were rescued off the Yemeni island of Socotra on Wednesday after a cargo vessel carrying islanders home from the mainland sank in the Indian Ocean, authorities said. Several others were still missing after a major search operation in t
Published 08 Dec, 2016 12:00am
Lieutenant General Shahid Baig Mirza made Corps Commander Karachi

Lieutenant General Shahid Baig Mirza made Corps Commander Karachi

Lieutenant-General Shahid Baig Mirza has been posted as Corps Commander Karachi, said a statement issued by the Inter-Services Public Relations (ISPR) on Wednesday. According to the ISPR statement, Lieutenant General Shahid Baig Mirza is currently serving
Published 08 Dec, 2016 12:00am
Lieutenant General Shahid Baig Mirza made Corps Commander Karachi

Lieutenant General Shahid Baig Mirza made Corps Commander Karachi

Lieutenant-General Shahid Baig Mirza has been posted as Corps Commander Karachi, said a statement issued by the Inter-Services Public Relations (ISPR) on Wednesday. According to the ISPR statement, Lieutenant General Shahid Baig Mirza is currently serving
Published 08 Dec, 2016 12:00am
War against terrorism: UK General praises Pakistan army's successes

War against terrorism: UK General praises Pakistan army's successes

Chief of Army Staff (CoAS) General Qamar Javed Bajwa met with British Lieutenant General Sir John Lorimer who called on him at the GHQ here on Wednesday. According to Inter Services Public Relations (ISPR), regional security and matters of mutual co-opera
Published 08 Dec, 2016 12:00am
War against terrorism: UK General praises Pakistan army's successes

War against terrorism: UK General praises Pakistan army's successes

Chief of Army Staff (CoAS) General Qamar Javed Bajwa met with British Lieutenant General Sir John Lorimer who called on him at the GHQ here on Wednesday. According to Inter Services Public Relations (ISPR), regional security and matters of mutual co-opera
Published 08 Dec, 2016 12:00am
Pakistan joins 70-member OGP

Pakistan joins 70-member OGP

Pakistan has joined the rank of 70-member countries of Open Government Partnership (OGP) here on Wednesday. Federal Minister for Finance and Economic Affairs, Senator Mohammad Ishaq Dar announced this at the opening ceremony of the 3-day 4th OGP Summit he
Published 08 Dec, 2016 12:00am
Pakistan joins 70-member OGP

Pakistan joins 70-member OGP

Pakistan has joined the rank of 70-member countries of Open Government Partnership (OGP) here on Wednesday. Federal Minister for Finance and Economic Affairs, Senator Mohammad Ishaq Dar announced this at the opening ceremony of the 3-day 4th OGP Summit he
Published 08 Dec, 2016 12:00am
Pakistan joins 70-member OGP

Pakistan joins 70-member OGP

Pakistan has joined the rank of 70-member countries of Open Government Partnership (OGP) here on Wednesday. Federal Minister for Finance and Economic Affairs, Senator Mohammad Ishaq Dar announced this at the opening ceremony of the 3-day 4th OGP Summit he
Published 08 Dec, 2016 12:00am
Neelum Jhelum Project: third party audit to be conducted

Neelum Jhelum Project: third party audit to be conducted

A third-party audit would be conducted to assess how the cost of Neelum-Jhelum hydropower project has escalated from Rs 84 billion to Rs 414 billion. Chairman National Assembly Standing Committee on Planning Development and Reform Abdul Majeed Khan told t
Published 08 Dec, 2016 12:00am
Neelum Jhelum Project: third party audit to be conducted

Neelum Jhelum Project: third party audit to be conducted

A third-party audit would be conducted to assess how the cost of Neelum-Jhelum hydropower project has escalated from Rs 84 billion to Rs 414 billion. Chairman National Assembly Standing Committee on Planning Development and Reform Abdul Majeed Khan told t
Published 08 Dec, 2016 12:00am
Neelum Jhelum Project: third party audit to be conducted

Neelum Jhelum Project: third party audit to be conducted

A third-party audit would be conducted to assess how the cost of Neelum-Jhelum hydropower project has escalated from Rs 84 billion to Rs 414 billion. Chairman National Assembly Standing Committee on Planning Development and Reform Abdul Majeed Khan told t
Published 08 Dec, 2016 12:00am
Foreign commercial loans: Tax exemption likely on interest payments

Foreign commercial loans: Tax exemption likely on interest payments

The government may grant tax exemption on interest payments on money borrowed under certain foreign commercial loans as well as on interest payments accrued on these transactions since 2013. Sources told Business Recorder here on Wednesday that the
Published 08 Dec, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Dec, 2016 12:00am
Foreign commercial loans: Tax exemption likely on interest payments

Foreign commercial loans: Tax exemption likely on interest payments

The government may grant tax exemption on interest payments on money borrowed under certain foreign commercial loans as well as on interest payments accrued on these transactions since 2013. Sources told Business Recorder here on Wednesday that the
Published 08 Dec, 2016 12:00am
Foreign commercial loans: Tax exemption likely on interest payments

Foreign commercial loans: Tax exemption likely on interest payments

The government may grant tax exemption on interest payments on money borrowed under certain foreign commercial loans as well as on interest payments accrued on these transactions since 2013. Sources told Business Recorder here on Wednesday that the
Published 08 Dec, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 08 Dec, 2016 12:00am
Sri Lanka starts fresh probe into $700 million China deal

Sri Lanka starts fresh probe into $700 million China deal

Sri Lanka's government Wednesday launched an investigation into a $700 million river diversion deal that had been finalised with a Chinese company weeks before the fall of the previous regime. The cabinet set up a panel to probe the contract awarded to Ch
Published 08 Dec, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Dec, 2016 12:00am
Sri Lanka starts fresh probe into $700 million China deal

Sri Lanka starts fresh probe into $700 million China deal

Sri Lanka's government Wednesday launched an investigation into a $700 million river diversion deal that had been finalised with a Chinese company weeks before the fall of the previous regime. The cabinet set up a panel to probe the contract awarded to Ch
Published 08 Dec, 2016 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Dec, 2016 12:00am
Sri Lanka starts fresh probe into $700 million China deal

Sri Lanka starts fresh probe into $700 million China deal

Sri Lanka''s government Wednesday launched an investigation into a $700 million river diversion deal that had been finalised with a Chinese company weeks before the fall of the previous regime. The cabinet set up a panel to probe the contract awarded to C
Published 08 Dec, 2016 12:00am
Q3CY16: banking sector remains sound and stable: SBP

Q3CY16: banking sector remains sound and stable: SBP

The State Bank of Pakistan (SBP) said Wednesday that despite seasonal effects and a shift in the government's borrowing pattern, the banking sector remained sound and stable with steady performance during the third quarter (July-Sept) of this calendar yea
Published 08 Dec, 2016 12:00am
Q3CY16: banking sector remains sound and stable: SBP

Q3CY16: banking sector remains sound and stable: SBP

The State Bank of Pakistan (SBP) said Wednesday that despite seasonal effects and a shift in the government's borrowing pattern, the banking sector remained sound and stable with steady performance during the third quarter (July-Sept) of this calendar yea
Published 08 Dec, 2016 12:00am
Q3CY16: banking sector remains sound and stable: SBP

Q3CY16: banking sector remains sound and stable: SBP

The State Bank of Pakistan (SBP) said Wednesday that despite seasonal effects and a shift in the government''s borrowing pattern, the banking sector remained sound and stable with steady performance during the third quarter (July-Sept) of this calendar ye
Published 08 Dec, 2016 12:00am
Indonesia quake toll jumps to 97 as more bodies found in rubble

Indonesia quake toll jumps to 97 as more bodies found in rubble

The death toll from a powerful earthquake that struck western Indonesia Wednesday has nearly doubled to 97, the military said, as more bodies were pulled from the rubble of scores of shattered buildings. The shallow 6.5-magnitude quake struck Pidie Jaya d
Published 08 Dec, 2016 12:00am
Indonesia quake toll jumps to 97 as more bodies found in rubble

Indonesia quake toll jumps to 97 as more bodies found in rubble

The death toll from a powerful earthquake that struck western Indonesia Wednesday has nearly doubled to 97, the military said, as more bodies were pulled from the rubble of scores of shattered buildings. The shallow 6.5-magnitude quake struck Pidie Jaya d
Published 08 Dec, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (November 09, 2016).

Published 08 Dec, 2016 12:00am
Trump taps China ambassador, named Time person of 2016
Currency

Trump taps China ambassador, named Time person of 2016

Donald Trump selected a Midwest governor with close ties to China as ambassador to Beijing as he was named Wednesday Time's "person of the year" and signalled tough "American first" economic policies. The president-elect announced his selection of Iowa's
Published 08 Dec, 2016 12:00am
Trump taps China ambassador, named Time person of 2016
Currency

Trump taps China ambassador, named Time person of 2016

Donald Trump selected a Midwest governor with close ties to China as ambassador to Beijing as he was named Wednesday Time's "person of the year" and signalled tough "American first" economic policies. The president-elect announced his selection of Iowa's
Published 08 Dec, 2016 12:00am
Sun sheds light on CPEC jobs

Sun sheds light on CPEC jobs

That China has fully appreciated the enormity of challenges to China Pakistan Economic Corridor (CPEC) is a fact that is fully manifested in the remarks of China's envoy to Pakistan Sun Weidong that he made at the inauguration of a website of CPEC and its
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
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
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
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
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