Print - 2017-01-04
FIA arrests human smugglers for abduction in Turkey

FIA arrests human smugglers for abduction in Turkey

Federal Investigation Agency (FIA) traced the human smugglers who had abducted four Pakistanis in Turkey. Two of them were arrested from Gujranawala. The human smugglers identified as Afzal and Sohail, both brothers, were resident of Gujranwala, FIA sourc
Published 04 Jan, 2017 12:00am
Zardari pays tributes to Salmaan Taseer

Zardari pays tributes to Salmaan Taseer

The former President Asif Zardari said the former Governor Punjab Salmaan Taseer laid down his life six years ago to protect minorities and vulnerable sections of society against misuse of religion based laws and we pay homage to his memory. In his messag
Published 04 Jan, 2017 12:00am
Central, South chapters of PPP finalise Bilawal's itinerary

Central, South chapters of PPP finalise Bilawal's itinerary

Both the Central Punjab and South Punjab chapters of Pakistan Peoples Party have finalised the schedule of visits for Bilawal Bhutto in Punjab, said PPP Punjab President Qamar Zaman Kaira. He was addressing a press conference at the residence of PPP South
Published 04 Jan, 2017 12:00am
PTI leader joins PML-Q

PTI leader joins PML-Q

Pakistan Tehrik-e-Insaaf (PTI)'s former Joint Secretary Punjab and ticket holder from NA-97 Gujranwala Dr Zain Ali Bhatti called on Pakistan Muslim League-Q (PML-Q) leader and former Deputy Prime Minister Chaudhry Parvez Elahi at his residence here on Tue
Published 04 Jan, 2017 12:00am
Rs 503 million sought for completion of Dolphin Force divisional HQs

Rs 503 million sought for completion of Dolphin Force divisional HQs

The Punjab police have demanded a sum of Rs 503 million from the provincial government for the completion of four under-construction Dolphin Force divisional headquarters, DSP Dolphin Force Shahzad Rafique told Business Recorder. "In January 2016,
Published 04 Jan, 2017 12:00am
Agriculture department, Nestle sign MoUs

Agriculture department, Nestle sign MoUs

Punjab Agriculture Department has signed two Memorandums of Understanding (MOUs) with Nestle Pakistan for agricultural sustainability including Chaunsa Mango sector and Water Resource Management. For the Chaunsa project Nestle Pakistan shall take on board
Published 04 Jan, 2017 12:00am
IEP, LCCI to hold seminar on CPEC in March

IEP, LCCI to hold seminar on CPEC in March

The Institute of Engineers-Pakistan (IEP) and the Lahore Chamber of Commerce and Industry (LCCI) have decided to hold a day-long seminar in March 2017 in the provincial metropolis on the CPEC (China-Pak Economic Corridor) project related issues. According
Published 04 Jan, 2017 12:00am
Country Director World Bank meets CM Punjab

Country Director World Bank meets CM Punjab

A delegation led by Country Director World Bank Patchamuthu Illangovan met Punjab Chief Minister Muhammad Shahbaz Sharif, here Tuesday. Co-operation in water sector especially programme of provision of clean drinking water was discussed in the meeting.
Published 04 Jan, 2017 12:00am
China satisfied with pace of work on CPEC projects: chief minister

China satisfied with pace of work on CPEC projects: chief minister

Punjab Chief Minister Shehbaz Sharif has said that CPEC has become an acknowledged fact and projects were being set up under CPEC throughout the country. He said that speedy completion of CPEC projects is priority of the government and these projects woul
Published 04 Jan, 2017 12:00am
4 killed as van skids off road

4 killed as van skids off road

Four passengers died and seven injured this morning when a speeding passenger van skidded off the road on Charsadda motorway when the driver lost control. The van was on its way from Mardan to Peshawar. The accident happened not far from River Kabul.
Published 04 Jan, 2017 12:00am
CCP issues show-cause notice to real estate company

CCP issues show-cause notice to real estate company

The Competition Commission of Pakistan (CCP) has issued show cause notice to a Lahore-based real estate company, Vision Developers (Pvt) Limited, for prima facie deceptively marketing a housing scheme in the name of 'Park View Villas' without obtaining ap
Published 04 Jan, 2017 12:00am
Unregistered persons 19 percent ST to be charged on supply of software

Unregistered persons 19 percent ST to be charged on supply of software

The Federal Board of Revenue (FBR) will charge 19 percent sales tax (17 percent sales tax plus two percent further tax) on supply of software to unregistered persons. In this regard, the FBR has issued a sales tax clarification to the Chief Commissioners
Published 04 Jan, 2017 12:00am
Jhagra approves Rs two billion for various Fata projects

Jhagra approves Rs two billion for various Fata projects

KP Governor Engr Iqbal Zafar Jhagra while presiding over the second meeting of the FATA Development Council (FDC) at Governor's House, Peshawar on Tuesday has approved various projects with an estimated cost of Rs 2 billion for rehabilitation of IDPs and
Published 04 Jan, 2017 12:00am
Concerns shown over slow pace of work on RLNG project

Concerns shown over slow pace of work on RLNG project

The Prime Minister's Secretariat has shown serious concerns over the slow progress of RLNG 1200 MMCFD Pipeline Augmentation Project being undertaken by gas utilities - Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL)
Published 04 Jan, 2017 12:00am
Two militants arrested

Two militants arrested

Khyber Pakhtunkhwa (KP) on Tuesday escaped from a big terrorist attack as two militants are arrested from Battagram. The terrorists named Muhammad Nawaz and Aziz Ullah have been arrested by Counter Terrorism Department (CTD) of Hazara region. Both of them
Published 04 Jan, 2017 12:00am
Pakistan attaches great importance to ties with Bahrain: PM

Pakistan attaches great importance to ties with Bahrain: PM

Prime Minister Nawaz Sharif on Tuesday said that Pakistan attaches great importance to its relations with Bahrain and the visit of King Hamad bin Isa Al-Khalifa in March 2014 was a landmark visit which opened new avenues of bilateral co-operation between
Published 04 Jan, 2017 12:00am
Senate body recommends permanent CCI secretariat

Senate body recommends permanent CCI secretariat

A joint meeting of Senate Functional Committee on Devolution and Senate Standing Committee on Inter-Provincial Co-ordination unanimously recommended to immediately establishing an independent and permanent secretariat of the Council of Common Interests (C
Published 04 Jan, 2017 12:00am
Rs 300 billion saved through reform initiative: NHA chief

Rs 300 billion saved through reform initiative: NHA chief

Chairman National Highway Authority (NHA) Shahid Ashraf Tarar claimed on Tuesday that public money to the tune of Rs 300 billion has been saved through a comprehensive reform initiative taken to prevent malpractice in public procurement.
Published 04 Jan, 2017 12:00am
FBR wing unearths chain of fake or flying invoices

FBR wing unearths chain of fake or flying invoices

The Directorate General of Intelligence and Investigation Inland Revenue (IR) has unearthed a chain of fake and flying invoices involving an importer/exporter of Gujranwala and his beneficiaries in Karachi for availing fraudulent adjustment of sales tax o
Published 04 Jan, 2017 12:00am
Majyd Aziz, Zaki made president, VP of EFP

Majyd Aziz, Zaki made president, VP of EFP

Board of Directors of Employers' Federation of Pakistan (EFP) unanimously elected Majyd Aziz as President and Zaki Ahmed Khan as Vice President for 2017-19. Majyd Aziz is former president of Karachi Chamber of Commerce and Industry and former chairman of
Published 04 Jan, 2017 12:00am
Minister directed to remove doctors working as project directors

Minister directed to remove doctors working as project directors

Acting upon the unchecked irregularities in Sindh health department, Sindh chief minister Syed Murad Ali Shah on Tuesday has asked minister health to remove all the doctors working as project directors of different projects. "It was quite surprising for m
Published 04 Jan, 2017 12:00am
Government extends a helping hand to Brexit-hit horticultural exporters

Government extends a helping hand to Brexit-hit horticultural exporters

Realising the losses suffered by exporters after the Brexit, the federal government has assured horticultural exporters to help overcome losses. Federal Minister of National Food Security and Research, Sikandar Hayat Bosan has assured the exporters of hor
Published 04 Jan, 2017 12:00am
Winter tree plantation campaign inaugurated

Winter tree plantation campaign inaugurated

Winter Tree Plantation campaign inaugurated by Professor Dr Mujeebuddin Sehrai, Vice Chancellor Sindh Agricultural University, Tandojam, by planting a tree at University Hostels, an extensive Tree Plantation was organized, by Hostel Provost. Talking to in
Published 04 Jan, 2017 12:00am
Jubilee Life Ins wins Brands of Year Award 2015-2016

Jubilee Life Ins wins Brands of Year Award 2015-2016

Jubilee Life Insurance, the leading private sector life insurance provider in the country, has been awarded Brands of the Year Award for 2015-2016 in the life insurance industry. The much-awaited awards ceremony was held recently at Grand Convention Marqu
Published 04 Jan, 2017 12:00am
Mayor distributes gratuity cheques among retired HMC employees

Mayor distributes gratuity cheques among retired HMC employees

The Mayor Hyderabad Syed Tayyab Hussain has said that payment of all outstanding dues to retired and deceased employees is the responsibility of the management of Hyderabad Metropolitan Corporation (HMC) and all out efforts are under way to provide relief
Published 04 Jan, 2017 12:00am
PAPGAI opposes duty on offset printing ink

PAPGAI opposes duty on offset printing ink

The Pakistan Association of Printing and Graphic Arts Industry (PAPGAI) has demanded of National Tariff Commission (NTC) to withdraw its decision to impose anti-dumping duty on offset printing ink immediately. "This decision will encourage smuggling parti
Published 04 Jan, 2017 12:00am
Hidden assets: 'One-time amnesty scheme' proposed

Hidden assets: 'One-time amnesty scheme' proposed

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended a 'One-time Amnesty Scheme' aimed at utilisation of hidden liquid assets in the mainstream of the economy to stop the flight of capital from Pakistan.
Published 04 Jan, 2017 12:00am
Dense fog, rainfall forecast for most parts of country

Dense fog, rainfall forecast for most parts of country

The Met Office on Tuesday forecast dense fog, rainfall and snowfall for the most parts of the country in the next 24 hours. It said that rain with snowfall is expected over the hills at scattered places of Malakand, Hazara, Peshawar, Mardan, Rawalpindi Gu
Published 04 Jan, 2017 12:00am
Partly Facetious: If Hashmi is correct in his accusations...

Partly Facetious: If Hashmi is correct in his accusations...

"So take the worst case scenario and assume that Javed Hashmi is telling the truth, the whole truth and nothing but the truth so why didn't the army court martial the disgruntled officers who wanted the Sharifs out, and why did Mian sahib kick out Mushahi
Published 04 Jan, 2017 12:00am
SECP sets aside probe into NTS affairs

SECP sets aside probe into NTS affairs

An appellate bench of the Securities and Exchange Commission of Pakistan (SECP) has set aside an investigation into the affairs of National Testing Service (NTS) and remanded the matter to the SECP Executive Director (CCD-Regulation) for giving an opportu
Published 04 Jan, 2017 12:00am
'Transparency only instrument to deal with black money, corruption'

'Transparency only instrument to deal with black money, corruption'

Transparency and not demagnetisation of Rs 5000 notes is the only effective instrument to deal with black money and corruption in the economy. This was stated by former advisor to Prime Ministers on Finance Dr Hafeez Pasha and Dr Salman Shah while talking
Published 04 Jan, 2017 12:00am
Minister sets aside SAB recommendations on sugar export quantity

Minister sets aside SAB recommendations on sugar export quantity

Commerce Minister, Engineer Khurram Dastgir Khan is said to have set aside the recommendations of Sugar Advisory Board (SAB) on sugar export quantity by slashing it by 50,000 tons to 250,000 tons from 300,000 tons, well-informed sources told Business R
Published 04 Jan, 2017 12:00am
'Dolphin Force' will check street crimes: Shahbaz

'Dolphin Force' will check street crimes: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a meeting here on Tuesday which reviewed law and order situation and the steps being taken with regard to implementation on national action plan in the province. Addressing the meeting, the Chief
Published 04 Jan, 2017 12:00am
Bilawal too should play role of opposition leader: Khursheed

Bilawal too should play role of opposition leader: Khursheed

Leader of the Opposition in National Assembly, Syed Khursheed Ahmed Shah has said that Bilawal Bhutto Zardari being Chairman of Pakistan People's Party (PPP) should also play the role of opposition leader. Syed Khursheed Ahmed Shah expressed these views w
Published 04 Jan, 2017 12:00am
Audit for TY15: FBR to select cases on basis of risk-based parameters

Audit for TY15: FBR to select cases on basis of risk-based parameters

The Federal Board of Revenue (FBR) has replaced computerised random balloting mechanism with risk-based parametric selection procedure for picking 7.5 percent cases for audit for Tax Year 2015. According to the FBR sources, the FBR will not carry out rand
Published 04 Jan, 2017 12:00am
Maryam sole owner of offshore companies: Imran

Maryam sole owner of offshore companies: Imran

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan claimed on Tuesday that Maryam Safdar is the sole owner of Nelson and Nescoll and there is no mention of Hussain Nawaz as owner of these companies. The PTI leader has submitted fresh documentary evidence
Published 04 Jan, 2017 12:00am
PML-N leaders slam Imran for 'misleading' people

PML-N leaders slam Imran for 'misleading' people

The ruling Pakistan Muslim League-Nawaz (PML-N) Tuesday accused Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan of misleading the nation, saying the "new document" submitted with the Supreme Court is nothing new but "an old pack of lies with twisted fa
Published 04 Jan, 2017 12:00am
SCCI greets UBG for victory in FPCCI polls

SCCI greets UBG for victory in FPCCI polls

President Sarhad Chamber of Commerce & Industry (SCCI) Haji Mohammad Afzal, Senior Vice President Mohammad Iqbal and Vice President Abidullah Yousufzai have termed the victory of the United Business Group (UBG) in FPCCI polls as the win of the genuine bus
Published 04 Jan, 2017 12:00am
Current weather system to have positive impact on crops

Current weather system to have positive impact on crops

The recent dry spell followed by rains forecast from Tuesday (yesterday) onwards will have some positive impact on all major Rabi crops, including wheat and gram already negatively affected by prolonged dry spell in the country. "Currently wheat crop in t
Published 04 Jan, 2017 12:00am
Dar briefed about status of privatisation transactions

Dar briefed about status of privatisation transactions

Federal Minister for Finance, Revenue, Economic Affairs, Statistics & Privatisation, Senator Ishaq Dar Tuesday chaired a meeting here at the Finance Ministry to review matters related to privatisation. Chairman Privatisation Commission Mohammad Zubair bri
Published 04 Jan, 2017 12:00am
FTA with Thailand: Modalities likely to be finalised by next week

FTA with Thailand: Modalities likely to be finalised by next week

The modalities of a Free Trade Agreement (FTA) between Pakistan and Thailand are likely to be finalised by next week; it is learnt here Tuesday. According to sources, the Thai officials are expected to visit Pakistan by next week to finalise the modalitie
Published 04 Jan, 2017 12:00am
Government intends to borrow Rs 2.7 trillion in Q3FY17

Government intends to borrow Rs 2.7 trillion in Q3FY17

In order to meet the rising fiscal deficit, the federal government intends to borrow a huge amount of Rs 2.7 trillion from the banking sector during the third quarter (January-March) of current fiscal year 2016-17 (FY17). Analysts said that decline in for
Published 04 Jan, 2017 12:00am
IG Sindh forms 'Centralised Re-examination Committee'

IG Sindh forms 'Centralised Re-examination Committee'

In compliance to the orders of the Supreme Court of Pakistan, the Inspector General of Police Sindh, A D Khuwaja has constituted a "Centralised Re-examination Committee" to conduct eligibility tests of those candidates recruited in Sindh Police as Constab
Published 04 Jan, 2017 12:00am
Police foil suicide attempt at LHC

Police foil suicide attempt at LHC

The police officials deployed at the Lahore High Court on Tuesday foiled a suicide attempt of a person frustrated over the failure of Nankana Sahib police to arrest his wife's killers. The man sprinkled petrol on himself and lit the fire. However, the pol
Published 04 Jan, 2017 12:00am
Increase in violence in Balochistan, Punjab witnessed: CRSS

Increase in violence in Balochistan, Punjab witnessed: CRSS

Deaths linked to violence in country decreased significantly in 2016, dropping 45 percent compared with the previous year, a report released Tuesday said. Some 2,610 people lost their lives due to violence during the period compared with 4,647 in 2015, ac
Published 04 Jan, 2017 12:00am
Nepra allows 25 paisa increase in KE November tariff

Nepra allows 25 paisa increase in KE November tariff

National Electric Power Regulatory Authority (NEPRA) has approved 25 paisa /kWh addition to the consumers bill under Fuel Charges Adjustment (FCA) for the month of November 2016 after K-Electric sought approval of 60 paisa /kWh under FCA. Business Reco
Published 04 Jan, 2017 12:00am
Pakistan-China ties to be strengthened: Mamnoon

Pakistan-China ties to be strengthened: Mamnoon

President Mamnoon Hussain, while expressing gratitude on message of felicitation on his birthday by his Chinese counterpart, Xi Jinping has said that he values his counterpart's personal interest in strengthening Pak-China relations. The President on Tues
Published 04 Jan, 2017 12:00am
NA sub-committee to address question of privilege raised by MNA

NA sub-committee to address question of privilege raised by MNA

National Assembly Standing Committee on Rules of Procedure and Privileges Tuesday constituted a sub-committee to inquire into the question of privilege raised by MNA Rana Muhammad Afzal Khan against a former district co-ordination officer of Faisalabad. T
Published 04 Jan, 2017 12:00am
Soya futures fall

Soya futures fall

US soyabean futures fell to a six-week low on Tuesday on improving South American crop prospects and uncertainty about export demand from China, analysts said. Corn rose on technical buying and expectations that commodity index funds will buy grain next w
Published 04 Jan, 2017 12:00am
US MIDDAY: gold rises to three-week high

US MIDDAY: gold rises to three-week high

Gold prices rose 1 percent to a near 3-week high on Tuesday as early gains in stocks and other assets perceived as risky gave up gains and investors fled to save-haven bullion. Platinum and palladium both jumped by more than 4 percent as investors scrambl
Published 04 Jan, 2017 12:00am
India's SC's landmark verdict

India's SC's landmark verdict

In an interesting development, India's Supreme Court has prohibited politicians from using religion and caste to garner votes, a verdict that could force political parties to change their strategy in upcoming elections. "No political party can seek vote i
Published 04 Jan, 2017 12:00am
Priorities for CPEC
Currency

Priorities for CPEC

The Joint Co-ordination Committee (JCC) has recently completed its deliberations in China with Pakistan side being headed by the Minister of Planning, Ahsan Iqbal. New projects have been approved, mostly on roads, railways and industrial estates. Power pr
Published 04 Jan, 2017 12:00am
Waiting for Foreign Minister
Currency

Waiting for Foreign Minister

Sixty-four years ago, almost to the day today, premiered Beckett's Waiting for Godot. The absent character, Godot, gave rise to all kinds of theories - religious (divinity questioned?), social (proletariat vs. bourgeoisie?) and political (allegory of cold
Published 04 Jan, 2017 12:00am
Some pre-budget challenges
Cotton

Some pre-budget challenges

In order to usher in some kind of order and sanity in the national economy, the government urgently needs to take some long- and some medium- term steps before announcing the next budget. These steps include conducting the Census followed immediately by f
Published 04 Jan, 2017 12:00am
Return of the commissionerate system

Return of the commissionerate system

The Punjab cabinet approved the controversial Civil Administration Ordinance (CAO). The new law, which has not been placed before the Punjab Assembly in line with the Punjab government's reluctance to allow the elected representatives of the province
Published 04 Jan, 2017 12:00am
Gwadar: Keep an eye on your water tank

Gwadar: Keep an eye on your water tank

Drinking water shortage in Gwadar is reportedly extremely severe with bottled water being sold at a price well above the available rates in other parts of the country. At present, trucks escorted by military vehicles are supplying water to Gwadar. Not onl
Published 04 Jan, 2017 12:00am
Punjab ACE arrests two in land fraud

Punjab ACE arrests two in land fraud

Anti-Corruption Establishment Punjab has arrested Qazi Amjad, Naib Tehsildar Kot Addu, Muzaffargarh, involved in illegal mutation of 1872 kanal of state land worth Rs 150 million out of which 1504 kanal has been retrieved while directions have been issued
Published 04 Jan, 2017 12:00am
ANZ offloads Shanghai bank stake

ANZ offloads Shanghai bank stake

ANZ Bank Tuesday agreed to sell its stake in Shanghai Rural Commercial Bank for Aus$1.84 billion (US $1.32 billion) as it continues to offload Asian assets as part of a restructure. The Australia and New Zealand Banking Group said Chinese shipping giant C
Published 04 Jan, 2017 12:00am
Global banking regulators postpone approval of new rules

Global banking regulators postpone approval of new rules

Global banking regulators on Tuesday postponed the approval of new capital rules designed to avert a repeat of the financial crisis, saying they needed more time to finalise the long-awaited and contentious reform. Central bank governors and heads of supe
Published 04 Jan, 2017 12:00am
Global banking regulators postpone approval of new rules

Global banking regulators postpone approval of new rules

Global banking regulators on Tuesday postponed the approval of new capital rules designed to avert a repeat of the financial crisis, saying they needed more time to finalise the long-awaited and contentious reform. Central bank governors and heads of supe
Published 04 Jan, 2017 12:00am
Global banking regulators postpone approval of new rules

Global banking regulators postpone approval of new rules

Global banking regulators on Tuesday postponed the approval of new capital rules designed to avert a repeat of the financial crisis, saying they needed more time to finalise the long-awaited and contentious reform. Central bank governors and heads of supe
Published 04 Jan, 2017 12:00am
Workers get jail, flogging over Saudi unpaid wage unrest

Workers get jail, flogging over Saudi unpaid wage unrest

Dozens of foreign workers have been sentenced to flogging and jail for unrest during protests over unpaid wages by Saudi Binladin Group several months ago, reports said on Tuesday. Al-Watan newspaper and Arab News did not give the nationalities of the 49
Published 04 Jan, 2017 12:00am
Workers get jail, flogging over Saudi unpaid wage unrest

Workers get jail, flogging over Saudi unpaid wage unrest

Dozens of foreign workers have been sentenced to flogging and jail for unrest during protests over unpaid wages by Saudi Binladin Group several months ago, reports said on Tuesday. Al-Watan newspaper and Arab News did not give the nationalities of the 49
Published 04 Jan, 2017 12:00am
Workers get jail, flogging over Saudi unpaid wage unrest

Workers get jail, flogging over Saudi unpaid wage unrest

Dozens of foreign workers have been sentenced to flogging and jail for unrest during protests over unpaid wages by Saudi Binladin Group several months ago, reports said on Tuesday. Al-Watan newspaper and Arab News did not give the nationalities of the 49
Published 04 Jan, 2017 12:00am
Britain''s EU ambassador quits

Britain''s EU ambassador quits

Britain''s ambassador to the European Union, Ivan Rogers, has resigned less than three months before the UK is due to trigger the process to leave the bloc, a source told AFP. Last month, he reportedly told British ministers that other EU countries believ
Published 04 Jan, 2017 12:00am
Britain's EU ambassador quits

Britain's EU ambassador quits

Britain's ambassador to the European Union, Ivan Rogers, has resigned less than three months before the UK is due to trigger the process to leave the bloc, a source told AFP. Last month, he reportedly told British ministers that other EU countries believe
Published 04 Jan, 2017 12:00am
Britain's EU ambassador quits

Britain's EU ambassador quits

Britain's ambassador to the European Union, Ivan Rogers, has resigned less than three months before the UK is due to trigger the process to leave the bloc, a source told AFP. Last month, he reportedly told British ministers that other EU countries believe
Published 04 Jan, 2017 12:00am
Hundreds of Afghan Shias protest at IS killings

Hundreds of Afghan Shias protest at IS killings

Around 2,000 Shia Muslims in western Afghanistan staged a protest Tuesday against growing sectarian attacks by Islamic State, as the government warned that the group had expanded its foothold into 11 provinces. Chanting "Death to the enemies of Afghanista
Published 04 Jan, 2017 12:00am
Hundreds of Afghan Shias protest at IS killings

Hundreds of Afghan Shias protest at IS killings

Around 2,000 Shia Muslims in western Afghanistan staged a protest Tuesday against growing sectarian attacks by Islamic State, as the government warned that the group had expanded its foothold into 11 provinces. Chanting "Death to the enemies of Afghanista
Published 04 Jan, 2017 12:00am
Consensus still eludes China, Pakistan on FTA expansion

Consensus still eludes China, Pakistan on FTA expansion

Commerce Ministry has not yet decided to go for the second phase of the Free Trade Agreement (FTA) with China due to the inability of domestic industry to withstand the immediate opening of 90 percent of its trade as is being demanded by Beijing, official
Published 04 Jan, 2017 12:00am
Consensus still eludes China, Pakistan on FTA expansion

Consensus still eludes China, Pakistan on FTA expansion

Commerce Ministry has not yet decided to go for the second phase of the Free Trade Agreement (FTA) with China due to the inability of domestic industry to withstand the immediate opening of 90 percent of its trade as is being demanded by Beijing, official
Published 04 Jan, 2017 12:00am
Consensus still eludes China, Pakistan on FTA expansion

Consensus still eludes China, Pakistan on FTA expansion

Commerce Ministry has not yet decided to go for the second phase of the Free Trade Agreement (FTA) with China due to the inability of domestic industry to withstand the immediate opening of 90 percent of its trade as is being demanded by Beijing, official
Published 04 Jan, 2017 12:00am
SpaceX ready to launch again

SpaceX ready to launch again

SpaceX says it has determined the cause of a launchpad explosion that destroyed a satellite in September and is ready to start launches again as early as Sunday. An unmanned SpaceX Falcon 9 rocket exploded September 1 in Cape Canaveral, destroying a satel
Published 04 Jan, 2017 12:00am
Indonesia penalises J.P Morgan for negative report

Indonesia penalises J.P Morgan for negative report

Indonesia has cut some ties with J.P. Morgan Chase & Co after the bank's research analysts issued a negative report on the country, the latest in a series of skirmishes between Wall Street banks and governments in emerging markets. Indonesia will no longe
Published 04 Jan, 2017 12:00am
Ghosts haunt our palace, says Swedish queen

Ghosts haunt our palace, says Swedish queen

Queen Silvia of Sweden says the royal palace where she resides is haunted, according to a documentary to be aired on public television on Thursday. "There are small friends... ghosts. They're all very friendly but you sometimes feel that you're not comple
Published 04 Jan, 2017 12:00am
British Airways cabin crew announce 48-hour walkout

British Airways cabin crew announce 48-hour walkout

A group of British Airways cabin crew on Tuesday announced a 48-hour walkout for later in January, in an ongoing pay dispute which saw the airline narrowly avert a Christmas Day strike. Up to 2,700 cabin crew are due to strike from January 10 after reject
Published 04 Jan, 2017 12:00am
Increase in CNG price in Punjab

Increase in CNG price in Punjab

The price of compressed natural gas (CNG) has been increased in Punjab after CNG Association has announced its decision, according to private news channels. A channel claimed that Rs 2.20 per kilo increase in the CNG price but another channel quoted CNG A
Published 04 Jan, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (January 03, 2017) and the forecast for Wednesday (January 04, 2017).

Published 04 Jan, 2017 12:00am
Zardari meets Asim

Zardari meets Asim

Former President Asif Ali Zardari met his close aide Dr Asim Hussain in National Institute of Cardio-Vascular Diseases (NICVD), Aaj News reported on Tuesday night. Asif Zardari visited the NICVD where he met Dr Asim, presented him a bouquet and inquired a
Published 04 Jan, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 03, 2017).

Published 04 Jan, 2017 12:00am
Top French paper drops polls after forecast failures

Top French paper drops polls after forecast failures

A leading French newspaper said Tuesday it had decided to stop publishing political polls, which have been widely criticised for failing to predict the biggest shocks of the last year. Le Parisien daily said it would stop commissioning polling group Ipsos
Published 04 Jan, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 03, 2017).

Published 04 Jan, 2017 12:00am
Park Lane flats: PML-N mulling suing British newspaper

Park Lane flats: PML-N mulling suing British newspaper

Pakistan Muslim League-Nawaz (PML-N) on Tuesday hinted at suing a major British newspaper for printing a document, accusing Prime Minister Nawaz Sharif's children of raising 7 million pounds against four flats in Park Lane in London through offshore compa
Published 04 Jan, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 03, 2017)

Published 04 Jan, 2017 12:00am
Park Lane flats: PML-N mulling suing British newspaper

Park Lane flats: PML-N mulling suing British newspaper

Pakistan Muslim League-Nawaz (PML-N) on Tuesday hinted at suing a major British newspaper for printing a document, accusing Prime Minister Nawaz Sharif's children of raising 7 million pounds against four flats in Park Lane in London through offshore compa
Published 04 Jan, 2017 12:00am
Prime Minister, children have new counsel team

Prime Minister, children have new counsel team

Prime Minister Nawaz Sharif and his children Tuesday changed their legal team in the Panama Leaks case, which is being taken up by a larger bench of the Supreme Court. The five-member bench led by Justice Asif Saeed Khan Khosa, the court's senior-most jud
Published 04 Jan, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (January 03, 2017).

Published 04 Jan, 2017 12:00am
Prime Minister, children have new counsel team

Prime Minister, children have new counsel team

Prime Minister Nawaz Sharif and his children Tuesday changed their legal team in the Panama Leaks case, which is being taken up by a larger bench of the Supreme Court. The five-member bench led by Justice Asif Saeed Khan Khosa, the court's senior-most jud
Published 04 Jan, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 03, 2017).

Published 04 Jan, 2017 12:00am
BRIndex30 up 576.66 points

BRIndex30 up 576.66 points

On Tuesday, BRIndex30 opened at 26,641.75 points. It touched an intraday high of 27,338.27 points and an intraday low of 26,464.06 points and closed at 27,218.41 points which was 576.66 points or 2.16 percent higher than previous close. Total volume was 2
Published 04 Jan, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 03, 2017).

Published 04 Jan, 2017 12:00am
BRIndex30 up 576.66 points

BRIndex30 up 576.66 points

On Tuesday, BRIndex30 opened at 26,641.75 points. It touched an intraday high of 27,338.27 points and an intraday low of 26,464.06 points and closed at 27,218.41 points which was 576.66 points or 2.16 percent higher than previous close. Total volume was 2
Published 04 Jan, 2017 12:00am
PSX 49K within reach

PSX 49K within reach

A bullish trend continued on Pakistan Stock Exchange (PSX). The benchmark KSE-100 index, for the first time in its history, crossed 48,800 points psychological level on Tuesday. The index closed at all-time high of 48,827.55 points with a healthy increase
Published 04 Jan, 2017 12:00am
PSX 49K within reach

PSX 49K within reach

A bullish trend continued on Pakistan Stock Exchange (PSX). The benchmark KSE-100 index, for the first time in its history, crossed 48,800 points psychological level on Tuesday. The index closed at all-time high of 48,827.55 points with a healthy increase
Published 04 Jan, 2017 12:00am
THE RUPEE: bears persist
Currency

THE RUPEE: bears persist

An easier trend prevailed on the money market on Tuesday as the rupee depreciated against the dollar sharply in the process of trading, dealers said. Similarly, the rupee also shed 23 paisas in relation to the dollar for buying and selling at Rs 104.84 an
Published 04 Jan, 2017 12:00am
PSX 49K within reach

PSX 49K within reach

A bullish trend continued on Pakistan Stock Exchange (PSX). The benchmark KSE-100 index, for the first time in its history, crossed 48,800 points psychological level on Tuesday. The index closed at all-time high of 48,827.55 points with a healthy increase
Published 04 Jan, 2017 12:00am