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Print - 2016-12-24
Strategy to counter Chikungunya finalised

Strategy to counter Chikungunya finalised

Sindh Health Department on Friday finalised a strategy to counter outbreak of Chikungunya in the metropolis. Secretary Health Sindh summoned all authorities concerned to devise strategy on Chikungunya outbreak. Secretary health directed them to initiate s
Published 24 Dec, 2016 12:00am
China to oppose any attempt aimed at linking Pakistan to terrorism

China to oppose any attempt aimed at linking Pakistan to terrorism

China will strongly oppose any attempt to label Pakistan as "supporting terrorism", Chinese official media on Friday said and suggested India to accept the "olive branch" extended by a top Pakistani military General to participate in the USD 46 billion ec
Published 24 Dec, 2016 12:00am
25 universities showcasing 100 innovative projects

25 universities showcasing 100 innovative projects

The 2nd All Pakistan DICE Health Innovation Exhibition 2016 began at Karachi Expo Centre on Friday. Ajmal Zaheer Khan, a Hollywood film director and artist, inaugurated the exhibition that is being organised by DICE Foundation, USA, and Dow University of
Published 24 Dec, 2016 12:00am
Food department to devise regulatory mechanism for packaging

Food department to devise regulatory mechanism for packaging

Punjab Minister for Food, Bilal Yasin said the food department would not tolerate usage of blue drum for milk and dairy products across the province. He alleged that non-food graded packaging material was being used for packaging of milk and dairy product
Published 24 Dec, 2016 12:00am
Two PMSA ships reach Malaysia on goodwill visit

Two PMSA ships reach Malaysia on goodwill visit

Two Pakistan Maritime Patrol ships of Pakistan Maritime Security Agency (PMSA), namely PMSS Hingol and Basol have reached Kuantan, Malaysia, on a goodwill visit from December 22 to 25. A PMSA statement here on Friday said that these ships were commissione
Published 24 Dec, 2016 12:00am
CPNE delegation meets Corps Commander Karachi

CPNE delegation meets Corps Commander Karachi

Council of Pakistan Newspapers Editors' (CPNE) President Zia Shahid and Secretary General Aijaz-u-Haq along with senior members of the body met Corps Commander Karachi Lieutenant General Shahid Baig Mirza on Thursday. Matters relating to law and order sit
Published 24 Dec, 2016 12:00am
International Civil Engineering Congress begins

International Civil Engineering Congress begins

Professor Dr Fazal Haq, vice chancellor of NED University of Engineering and Technology said on Friday that civil engineering has a core position in human history as it not only tells about social evolution but also hints about lifestyle and socio-economi
Published 24 Dec, 2016 12:00am
Threats seems to have been averted: Musharraf

Threats seems to have been averted: Musharraf

"Probably, it was a little dangerous for Zardari to travel to Pakistan before and it seems now that the threat has been averted," said former president General Pervez Musharraf (Retd). In an interview, Musharraf said, "Co-chairman Pakistan People's Party
Published 24 Dec, 2016 12:00am
PSMA to approach court against valuation ruling on sulphonic acid

PSMA to approach court against valuation ruling on sulphonic acid

The Chairman of Pakistan Soap Manufacturers Association (PSMA), Abdullah Zaki, demanded withdrawal of Valuation Ruling of Sulphonic Acid so that all consignments of Sulphonic acid arriving from different countries should be assessed at a declared value.
Published 24 Dec, 2016 12:00am
Tribunal rules in favour of PSO in PRL share acquisition case

Tribunal rules in favour of PSO in PRL share acquisition case

Upholding the Competition Commission of Pakistan (CCP)'s approval of premerger clearance application filed by Pakistan State Oil (PSO) for acquisition of 84 million shares of Shell in Pakistan Refinery Limited (PRL), the Competition Appellate Tribunal has
Published 24 Dec, 2016 12:00am
Terror bid foiled

Terror bid foiled

The police foiled a major terror bid as it recovered a bomb weighing 10 kilograms which was later defused by bomb disposal squad (BDS) here on Friday. The police after being informed about presence of suspicious material reached the Faleeji area of Dera M
Published 24 Dec, 2016 12:00am
BIEK announces results of HSC Part I Pre-Engineering Group

BIEK announces results of HSC Part I Pre-Engineering Group

The Board of Intermediate Education Karachi (BIEK) on Friday announced the result of HSC Part I annual Examinations 2016 of Science Pre-Engineering Group. According to statistics, a total of 26,588 candidates appeared in the examinations and of these 11,8
Published 24 Dec, 2016 12:00am
Pulses' import shoots up by over 32 percent

Pulses' import shoots up by over 32 percent

Pakistan's import of pulses shot up by over 32 percent to $288.607 million in July-November 2016, official figures say. Rise in the pulses import stands at $70.256 million in July-November 2016 from $218.351 million in July-November 2015, Pakistan Bureau
Published 24 Dec, 2016 12:00am
Accused involved in housing scheme scam arrested

Accused involved in housing scheme scam arrested

The National Accountability Bureau (NAB)-Karachi arrested an accused allegedly involved in Memon Housing Scheme Hyderabad. The bureau in an investigation against Abdul Ghaffar Dada and others involved in the housing scheme scam, nabbed accused. Ali Zulfiq
Published 24 Dec, 2016 12:00am
K-Electric joins hands with HabibMetro Bank

K-Electric joins hands with HabibMetro Bank

Aimed at facilitating consumers seeking new electricity connections, K-Electric has now joined hands with HabibMetro Bank to facilitate its valued customers. The collaboration will now enable consumers to easily make payments against their 'new connection
Published 24 Dec, 2016 12:00am
Abbasi formally inaugurates 50MMscfd GPF-II at Gambat

Abbasi formally inaugurates 50MMscfd GPF-II at Gambat

Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi formally inaugurated the recently commissioned 50 MMscfd Gas Processing Facility II (GPF-II) at Gambat South Block during a well-attended event hosted by Pakistan Petroleum Limited
Published 24 Dec, 2016 12:00am
Candidates nominated for upcoming FPCCI election

Candidates nominated for upcoming FPCCI election

A total of three candidates are in the run on the seat of President-ship in upcoming election of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) scheduled to be held on December 30. According to provisional list of candidates contesting F
Published 24 Dec, 2016 12:00am
China's war on smog sends shivers across commodities sector

China's war on smog sends shivers across commodities sector

China's crackdown on exhaust-spewing factories that shut or slashed output this week at sites including steel mills, textile and cement factories and coal-fired power plants will ripple across major bulk commodity markets into 2017. City and regional gove
Published 24 Dec, 2016 12:00am
Copper slides as doubts about Chinese demand surface

Copper slides as doubts about Chinese demand surface

Copper prices slipped on Friday as investors took profits on long positions ahead of the Christmas break as growing doubts about demand growth in top consumer China reinforced the idea that recent gains were overdone. Benchmark copper on the London Metal
Published 24 Dec, 2016 12:00am
Oil dips before holiday week; Libyan output boost weighs

Oil dips before holiday week; Libyan output boost weighs

Oil edged lower on Friday ahead of the Christmas and New Year holiday week as the market waited to see how Opec would manage its planned output cuts with Libya expecting to boost production. Brent futures for February delivery were down 16 cents, or 0.3 p
Published 24 Dec, 2016 12:00am
Ukraine raises grain export forecast

Ukraine raises grain export forecast

Ukraine raised its 2016/17 grain export forecast to 41.6 million tonnes from 41.0 million tonnes, agriculture minister Taras Kutovy said on Friday. "We increase the forecast thanks to the increase in the maize exports estimate to 18.5 million tonnes from
Published 24 Dec, 2016 12:00am
Palm dips as rival oils fall; short covering supports

Palm dips as rival oils fall; short covering supports

Malaysian palm oil ended Friday's trade 0.52 percent lower, dragged down by declines in rival oils but still supported by short covering in the market. Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange fell to 3,061
Published 24 Dec, 2016 12:00am
Raw sugar prices edge higher, robusta coffee also gains

Raw sugar prices edge higher, robusta coffee also gains

Raw sugar futures on ICE edged higher on Friday in thin pre-holiday trade as the market continued to consolidate just above last week's 6-1/2 month low. March raws was up 0.11 cents, or 0.6 percent, at 18.27 cents a lb at 1253 GMT. The front month has bee
Published 24 Dec, 2016 12:00am
Asian gold price slump fails to revive demand in India; China

Asian gold price slump fails to revive demand in India; China

Gold demand in India remained subdued this week despite a sharp fall in prices to over 10-1/2 month lows as a severe cash crunch and holidays kept buyers away from the market, while premiums in China fell from near 3-year highs touched in the prior week.
Published 24 Dec, 2016 12:00am
The Weather

The Weather

The weather report on Friday (December 23, 2016) and the forecast for Saturday (December 24, 2016).

Published 24 Dec, 2016 12:00am
Gold edges higher but eyes 7th weekly loss
Currency

Gold edges higher but eyes 7th weekly loss

Gold edged higher on Friday in thin pre-Christmas trade as the dollar retreated from this week's 14-year high, tempting some buyers to take advantage of a near 10-month low in prices after six straight weeks of decline. Gold has fallen more than $200 an o
Published 24 Dec, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (December 23, 2016).

Published 24 Dec, 2016 12:00am
US MIDDAY: soybeans and grains slip

US MIDDAY: soybeans and grains slip

Soybeans, corn and wheat prices slipped on Friday in a shortened trading session before the Christmas holiday and registered big weekly losses, weighed down by hefty global supplies. Chicago wheat futures fell to contract lows, also pressured by warming U
Published 24 Dec, 2016 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 24 Dec, 2016 12:00am
US MIDDAY: gold higher

US MIDDAY: gold higher

Gold edged higher on Friday as the dollar retreated from this week's 14-year high and some buyers were tempted to take advantage of prices near a 10-month low after six weeks of decline. Volumes were thin as traders prepared for a long weekend. All floor
Published 24 Dec, 2016 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 24 Dec, 2016 12:00am
All end bickering ahead of CPEC meeting

All end bickering ahead of CPEC meeting

It is quite heartening to note that all federal and provincial governments have ended bickering ahead of December 29 CPEC Beijing meeting. According to a Business Recorder report, the federal and provincial governments have decided to take up the c
Published 24 Dec, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 23, 2016).

Published 24 Dec, 2016 12:00am
Aleppo recapture deals setback to Gulf rebel backers

Aleppo recapture deals setback to Gulf rebel backers

The Syrian army's recapture of Aleppo has dealt a setback to Saudi Arabia and Qatar, two supporters of rebel forces whose struggle to oust President Bashar al-Assad appears increasingly fruitless. Along with fellow US ally Turkey, the two wealthy Gulf cou
Published 24 Dec, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (December 23, 2016)

Published 24 Dec, 2016 12:00am
Amazon starts flexing muscle in new space: air cargo

Amazon starts flexing muscle in new space: air cargo

A cargo plane emblazoned with "Prime Air" descended from an empty sky at Lehigh Valley International Airport on Tuesday, ninety minutes from the bustle of New York City, loaded with crates of goods during the peak holiday shopping season. It's one of 40 j
Published 24 Dec, 2016 12:00am
The 'demise' of regulatory bodies - II

The 'demise' of regulatory bodies - II

The government has placed Pakistan's prime autonomous regulators under the dictate of the ministries, as a line function authority, overriding opposition from the governments of Sindh and Khyber Pakhtunkhwa. When a ministry controls a regulatory authority
Published 24 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 Friday (December 23, 2016).

Published 24 Dec, 2016 12:00am
Bizenjo's call for census delay

Bizenjo's call for census delay

National Party President Mir Hasil Khan Bizenjo addressed a news conference the other day to demand that the population census scheduled to start come March 15 be delayed until all Afghan refugees have returned to their country and the Baloch who migrated
Published 24 Dec, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 23, 2016).

Published 24 Dec, 2016 12:00am
A crude version of Roman arena

A crude version of Roman arena

For the fourth consecutive sitting a severe pandemonium prevailed in the National Assembly as benches on both sides of the aisle engaged in do or die verbal duels. And this happened despite an understanding reached between the two sides in the Speaker's c
Published 24 Dec, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 23, 2016).

Published 24 Dec, 2016 12:00am
Letting off the big thief

Letting off the big thief

If Mushtaq Raisani amazed the world with the amount of money he stole, the National Accountability Bureau has astonished the world by letting off biggest thieves in the name of plea bargain. That weird backdoor for the culprits to escape has once again be
Published 24 Dec, 2016 12:00am
Suspected bomb found at Turkish centre in Brussels

Suspected bomb found at Turkish centre in Brussels

A suspected explosive device was found outside a Turkish community centre in central Brussels on Friday, Belgian prosecutors said. "A suspect package was found in front of the Turkish Federation of Belgium," said Denis Goeman, a spokesman for the prosecut
Published 24 Dec, 2016 12:00am
Suspected bomb found at Turkish centre in Brussels

Suspected bomb found at Turkish centre in Brussels

A suspected explosive device was found outside a Turkish community centre in central Brussels on Friday, Belgian prosecutors said. "A suspect package was found in front of the Turkish Federation of Belgium," said Denis Goeman, a spokesman for the prosecut
Published 24 Dec, 2016 12:00am
THE RUPEE: rates recover
Currency

THE RUPEE: rates recover

The rupee improved slightly against the dollar on the money market on Friday in the process of trading, dealers said. The rupee, however, inched down by one paisa in terms of the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, they
Published 24 Dec, 2016 12:00am
Trade with India in Pakistan''s interest, Senate told

Trade with India in Pakistan''s interest, Senate told

Federal Minister for Trade and Commerce Khurram Dastgir Khan informed the Senate on Friday that the option of curtailing trade with India as a retaliatory measure to multiple cease-fire violations along Line of Control (LoC) and Working Boundary by Indian
Published 24 Dec, 2016 12:00am
THE RUPEE: rates recover
Currency

THE RUPEE: rates recover

The rupee improved slightly against the dollar on the money market on Friday in the process of trading, dealers said. The rupee, however, inched down by one paisa in terms of the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, they
Published 24 Dec, 2016 12:00am
Trade with India in Pakistan's interest, Senate told

Trade with India in Pakistan's interest, Senate told

Federal Minister for Trade and Commerce Khurram Dastgir Khan informed the Senate on Friday that the option of curtailing trade with India as a retaliatory measure to multiple cease-fire violations along Line of Control (LoC) and Working Boundary by Indian
Published 24 Dec, 2016 12:00am
Trade with India in Pakistan's interest, Senate told

Trade with India in Pakistan's interest, Senate told

Federal Minister for Trade and Commerce Khurram Dastgir Khan informed the Senate on Friday that the option of curtailing trade with India as a retaliatory measure to multiple cease-fire violations along Line of Control (LoC) and Working Boundary by Indian
Published 24 Dec, 2016 12:00am
Polish 'sit-in' opposition to spend Christmas in parliament

Polish 'sit-in' opposition to spend Christmas in parliament

Polish opposition lawmakers said Friday they would continue to occupy parliament through Christmas and New Year's in protest against what they called the government's anti-democratic actions. "It's a symbolic and sad protest, a first for Poland's parliame
Published 24 Dec, 2016 12:00am
Polish 'sit-in' opposition to spend Christmas in parliament

Polish 'sit-in' opposition to spend Christmas in parliament

Polish opposition lawmakers said Friday they would continue to occupy parliament through Christmas and New Year's in protest against what they called the government's anti-democratic actions. "It's a symbolic and sad protest, a first for Poland's parliame
Published 24 Dec, 2016 12:00am
Former Romanian PM probed over 1990 bloodshed

Former Romanian PM probed over 1990 bloodshed

Romanian prosecutors said Friday that they have widened their probe into deadly violence that followed the country's 1989 revolution to include ex-premier Petre Roman alongside other former top officials. In addition to ex-president Ion Iliescu who is alr
Published 24 Dec, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (December 16, 2016).

Published 24 Dec, 2016 12:00am
US slaps sanctions on Syrian ministers, Russian bank

US slaps sanctions on Syrian ministers, Russian bank

The United States on Friday added several senior Syrian officials including the ministers of oil and of finance and the leadership of a Russian bank to its sanctions blacklist. The Treasury Department also imposed sanctions on Syrian airline Cham Wings, a
Published 24 Dec, 2016 12:00am
FBR to give advance ruling for two foreign investors

FBR to give advance ruling for two foreign investors

The Federal Board of Revenue (FBR) has decided to determine income tax liability in advance for two foreign investors. The board will exercise the option for investors from Ireland and the US under the facility of advance ruling for non-residents.
Published 24 Dec, 2016 12:00am
FBR to give advance ruling for two foreign investors

FBR to give advance ruling for two foreign investors

The Federal Board of Revenue (FBR) has decided to determine income tax liability in advance for two foreign investors. The board will exercise the option for investors from Ireland and the US under the facility of advance ruling for non-residents.
Published 24 Dec, 2016 12:00am
FBR to give advance ruling for two foreign investors

FBR to give advance ruling for two foreign investors

The Federal Board of Revenue (FBR) has decided to determine income tax liability in advance for two foreign investors. The board will exercise the option for investors from Ireland and the US under the facility of advance ruling for non-residents.
Published 24 Dec, 2016 12:00am
Proposed Benami law: Senate panel opposes free hand to government

Proposed Benami law: Senate panel opposes free hand to government

Senate Standing Committee on Finance has opposed giving authority to the government to have free access to any premises/place and accounts/documents/computer without prior notice in the proposed Benami law. The committee has proposed amendments as well as
Published 24 Dec, 2016 12:00am
Proposed Benami law: Senate panel opposes free hand to government

Proposed Benami law: Senate panel opposes free hand to government

Senate Standing Committee on Finance has opposed giving authority to the government to have free access to any premises/place and accounts/documents/computer without prior notice in the proposed Benami law. The committee has proposed amendments as well as
Published 24 Dec, 2016 12:00am
Proposed Benami law: Senate panel opposes free hand to government

Proposed Benami law: Senate panel opposes free hand to government

Senate Standing Committee on Finance has opposed giving authority to the government to have free access to any premises/place and accounts/documents/computer without prior notice in the proposed Benami law. The committee has proposed amendments as well as
Published 24 Dec, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Dec, 2016 12:00am
India increases efforts to stop Pakistan''s water

India increases efforts to stop Pakistan''s water

Despite Pakistani efforts for peace with India, Indian government has increased efforts to stop Pakistan''s water by building huge water storage facilities and canals along the Indus river system. A BBC report quoting senior official said that India is st
Published 24 Dec, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Dec, 2016 12:00am
India increases efforts to stop Pakistan's water

India increases efforts to stop Pakistan's water

Despite Pakistani efforts for peace with India, Indian government has increased efforts to stop Pakistan's water by building huge water storage facilities and canals along the Indus river system. A BBC report quoting senior official said that India is ste
Published 24 Dec, 2016 12:00am
India increases efforts to stop Pakistan's water

India increases efforts to stop Pakistan's water

Despite Pakistani efforts for peace with India, Indian government has increased efforts to stop Pakistan's water by building huge water storage facilities and canals along the Indus river system. A BBC report quoting senior official said that India is ste
Published 24 Dec, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 24 Dec, 2016 12:00am
Raids constitute no act of political vindictiveness, Nisar tells PM

Raids constitute no act of political vindictiveness, Nisar tells PM

Interior Minister Chaudhry Nisar has told Prime Minister Nawaz Sharif that yesterday's raids of Rangers in Karachi before the arrival of Asif Ali Zardari were not actions of political revenge. The interior minister held a meeting with Prime Minister Nawaz
Published 24 Dec, 2016 12:00am
Raids constitute no act of political vindictiveness, Nisar tells PM

Raids constitute no act of political vindictiveness, Nisar tells PM

Interior Minister Chaudhry Nisar has told Prime Minister Nawaz Sharif that yesterday's raids of Rangers in Karachi before the arrival of Asif Ali Zardari were not actions of political revenge. The interior minister held a meeting with Prime Minister Nawaz
Published 24 Dec, 2016 12:00am
Independent inquiry demanded

Independent inquiry demanded

Barrister M. Jamshid Malik for Omni Group of Companies has issued the following press release: "Today, 23rd December 2016, at about 1:00 pm Sindh Rangers raided two offices one located close to Hockey Club Stadium and the other close to Mertopole Hotel, K
Published 24 Dec, 2016 12:00am
Independent inquiry demanded

Independent inquiry demanded

Barrister M. Jamshid Malik for Omni Group of Companies has issued the following press release: "Today, 23rd December 2016, at about 1:00 pm Sindh Rangers raided two offices one located close to Hockey Club Stadium and the other close to Mertopole Hotel, K
Published 24 Dec, 2016 12:00am
Aide's offices raided, arms, ammunition seized

Aide's offices raided, arms, ammunition seized

Rangers yesterday conducted raids at the offices of Asif Zardari's close aide located on I.I. Chundrigar Road and near the Hockey Stadium off Sharea Faisal. After the raids, Rangers PRO issued a statement, saying the raids were carried out on the basis of
Published 24 Dec, 2016 12:00am
Aide's offices raided, arms, ammunition seized

Aide's offices raided, arms, ammunition seized

Rangers yesterday conducted raids at the offices of Asif Zardari's close aide located on I.I. Chundrigar Road and near the Hockey Stadium off Sharea Faisal. After the raids, Rangers PRO issued a statement, saying the raids were carried out on the basis of
Published 24 Dec, 2016 12:00am
Back from Dubai 'exile', Zardari makes conciliatory overtures to Army

Back from Dubai 'exile', Zardari makes conciliatory overtures to Army

Pakistan People's Party co-Chairman and former President of Pakistan Asif Ali Zardari returned home on Friday, ending his 18-month self-imposed exile. Zardari left the country after making his unforgettable 'tumhari eent say eent bajadengey [will destroy
Published 24 Dec, 2016 12:00am
Back from Dubai 'exile', Zardari makes conciliatory overtures to Army

Back from Dubai 'exile', Zardari makes conciliatory overtures to Army

Pakistan People's Party co-Chairman and former President of Pakistan Asif Ali Zardari returned home on Friday, ending his 18-month self-imposed exile. Zardari left the country after making his unforgettable 'tumhari eent say eent bajadengey [will destroy
Published 24 Dec, 2016 12:00am
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