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Oct 10, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-02-09
Gold slips in New York

Gold slips in New York

Gold slipped from a three-month peak on Tuesday, pressured by earlier strength in the dollar as the euro fell on weak German industry data and nervousness ahead of the French elections. Spot gold was down 0.2 percent at $1,233.40 an ounce by 3:18 pm EST (
Published 09 Feb, 2017 12:00am
Gold flat in Asia

Gold flat in Asia

Gold on Wednesday held near three-month highs hit the session before, buoyed as political and economic uncertainty in the United States and Europe stoked safe-haven demand. Spot gold was largely flat at $1,233.06 per ounce by 0616 GMT. On Tuesday, the met
Published 09 Feb, 2017 12:00am
Gold hits three-month peak in Europe

Gold hits three-month peak in Europe

Gold hit a three month peak on Wednesday as political risks posed by elections in Europe and worries over US President Donald Trump's policies stoked safe haven demand. Investors are concerned about the strong showing in the French presidential race of fa
Published 09 Feb, 2017 12:00am
FranceAgriMer lifts French wheat exports forecast

FranceAgriMer lifts French wheat exports forecast

Government agency FranceAgriMer has raised its forecast for French soft wheat exports outside the European Union this season following an unexpected series of shipments to Yemen. French wheat exports are still set to fall sharply from last season, but the
Published 09 Feb, 2017 12:00am
US MIDDAY: gold rallies
Currency

US MIDDAY: gold rallies

Gold rallied on Wednesday, hitting a fresh three month peak as political risks posed by elections in Europe and worries over US President Donald Trump's policies stoked safe haven demand. Investors are concerned about the strong showing in the French pres
Published 09 Feb, 2017 12:00am
Oil prices edge up on short covering; gasoline jumps

Oil prices edge up on short covering; gasoline jumps

Oil prices gained slightly on Wednesday as investors covered short positions after a rise in US crude inventories was not as massive as many had feared, while gasoline futures jumped nearly 4 percent after a surprise decline in inventories of the fuel. US
Published 09 Feb, 2017 12:00am
Haroon Akhtar to visit Karachi today

Haroon Akhtar to visit Karachi today

State Minister for Revenue Haroon Akhtar Khan will visit Karachi today (Thursday) to convene meetings with the Overseas Investors Chamber of Commerce and Industry (OICCI), Pakistan Business Council (PBC), State Bank of Pakistan (SBP) and Federation of Pak
Published 09 Feb, 2017 12:00am
Pakistan confirms participation in Russian-hosted moot

Pakistan confirms participation in Russian-hosted moot

Pakistan will participate in a regional conference on Afghanistan to be hosted by Russia later this month, which is also bringing together high officials from India, Afghanistan, Iran and China to discuss Afghan peace process and spillover effects of Daes
Published 09 Feb, 2017 12:00am
HEC, Afghan government sign DoU

HEC, Afghan government sign DoU

A Document of Understanding (DoU) was signed on Wednesday between Higher Education Commission (HEC) Pakistan and the government of Afghanistan with an aim to devise a legal framework for collaboration in higher education sector. Dr Mukhtar Ahmed, Chairman
Published 09 Feb, 2017 12:00am
PIA to fly Boeing 777 on London sector from today

PIA to fly Boeing 777 on London sector from today

Pakistan International Airlines (PIA) has decided to operate Boeing 777 aircraft, instead of recently acquired Airbus A-330 from Sri Lankan Airlines on wet-lease basis, on its premier service to London from today (Feb 9). The national flag carrier stated
Published 09 Feb, 2017 12:00am
OGDCL wins CSR award

OGDCL wins CSR award

Pakistan Oil & Gas Development Company Limited (OGDCL) was declared first largest corporate giver by volume of donation at the corporate philanthropy award hosted by Pakistan Centre for Philanthropy in Islamabad. The company received the award for 12 cons
Published 09 Feb, 2017 12:00am
'Pakistan committed to ensure Afghanistan out of challenges'

'Pakistan committed to ensure Afghanistan out of challenges'

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz reiterated Pakistan's desire to have a cooperative relationship with Afghanistan, defined by confidence and mutual trust here on Wednesday. Speaking at a ceremony for Afghan Students under HEC's
Published 09 Feb, 2017 12:00am
Baluchistan Wheels Limited

Baluchistan Wheels Limited

Baluchistan Wheels Limited (PSX: BHWL) was setup in 1980 for the purpose of manufacturing steel wheels for automobiles in technical collaboration with GKN Sankey Limited of United Kingdom. The plant of the company is located in industrial zone of Hub and
Published 09 Feb, 2017 12:00am
Baluchistan Wheels Limited

Baluchistan Wheels Limited

Baluchistan Wheels Limited (PSX: BHWL) was setup in 1980 for the purpose of manufacturing steel wheels for automobiles in technical collaboration with GKN Sankey Limited of United Kingdom. The plant of the company is located in industrial zone of Hub and
Published 09 Feb, 2017 12:00am
Two illegal cigarette units raided, equipment seized

Two illegal cigarette units raided, equipment seized

Directorate General of Intelligence and Investigation Inland Revenue, Federal Board of Revenue (FBR), has raided two places of an illicit cigarette manufacturing company, confiscated non-duty paid cigarettes and seized the factory equipment and record.
Published 09 Feb, 2017 12:00am
KP NAB's performance termed excellent during 2016

KP NAB's performance termed excellent during 2016

Qamar Zaman Chaudhry, Chairman NAB visited NAB KP Regional Bureau to review its performance on the basis of annual inspection conducted by Chairman's Inspection & Monitoring Team (CI&MT) at NAB KP Bureau here on Wednesday. NAB Chairman CI&MT was deputed t
Published 09 Feb, 2017 12:00am
Mamnoon sees Pakistan, Afghanistan together in journey of prosperity

Mamnoon sees Pakistan, Afghanistan together in journey of prosperity

President Mamnoon Hussain on Wednesday expressed the confidence that Pakistan and Afghanistan will work together with mutual understanding and spirit of brotherhood for resolution of the problems of the region. Addressing a function of High Education Comm
Published 09 Feb, 2017 12:00am
Maryam rejects rumours about UK visit

Maryam rejects rumours about UK visit

Maryam Nawaz has dismissed as 'ridiculous' rumours about purpose of her visit to United Kingdom. In a message posted on Twitter, Maryam explained that she was in UK to see her son. "The spin being given to my benign visit by a section of media is ridiculo
Published 09 Feb, 2017 12:00am
Wanted man arrested from PIA's Heathrow flight

Wanted man arrested from PIA's Heathrow flight

A wanted man was arrested from the Pakistan International Airlines (PIA) Heathrow bound flight, PK-757, which landed at Stansted Airport. British fighter jets escorted the flight PK-757 carrying at least 200 passengers on Tuesday over bomb-scare. Essex Po
Published 09 Feb, 2017 12:00am
Assets & liabilities: ECP scrutinises annual statements of 85 MNAs

Assets & liabilities: ECP scrutinises annual statements of 85 MNAs

The Election Commission of Pakistan (ECP) has scrutinised annual statements of assets and liabilities of 85 Members of National Assembly and issued notices to some of them on variation in their statements. The ECP has reactivated its Political Finance Win
Published 09 Feb, 2017 12:00am
CM KP forms panel to upgrade police pay scale

CM KP forms panel to upgrade police pay scale

Chief Minister Khyber Pakhtunkhwa Parvez Khattak in light of the letter from Inspector General of Police Khyber Pakhtunkhwa, Nasir Khan Durrani, has constituted a special committee for the up-gradation of pay scale and Shuhadda package of Khyber Pakhtunkh
Published 09 Feb, 2017 12:00am
Snowfall resumes in Skardu

Snowfall resumes in Skardu

Snowfall resumed on Wednesday in Baltistan, including Skardu, after a break of two days. Heavy snow has severed Skardu's links with rest of the country. Flights between Islamabad and Skardu remained suspended on the sixth consecutive day. Arandu was the w
Published 09 Feb, 2017 12:00am
32 educational institutions asked to shift to commercial areas

32 educational institutions asked to shift to commercial areas

Rawalpindi Cantonment Board (RCB) has asked 32 private schools and educational institutions to shift to commercial areas because these institutions are involved in nonconforming use of residential buildings which is a violation of the Commercialisation Po
Published 09 Feb, 2017 12:00am
Reasons behind cost overruns in mega projects of NHA identified

Reasons behind cost overruns in mega projects of NHA identified

Cost overruns in mega projects of National Highway Authority (NHA) have become routine due to inconsistent policies, shortage of funds, security reasons, corruption and willful incompetence on the part of contractors, it is learnt. Official sources reveal
Published 09 Feb, 2017 12:00am
Poultry unit sealed as 1200kg dead meat recovered

Poultry unit sealed as 1200kg dead meat recovered

The Punjab Food Authority (PFA) sealed a poultry unit after recovery of hundreds of kilogram of dead chicken meat here on Wednesday. A team of the PFA headed by Additional Director General (ADG) PFA, raided a poultry unit in Qilla Didar Singh town of Gujr
Published 09 Feb, 2017 12:00am
Agriculture department to buy 600 laptops for officers

Agriculture department to buy 600 laptops for officers

The Punjab Agriculture Department (PAD) is buying 600 lap tops for its officers for compilation of records and dissemination of latest agriculture technologies to the farmers and connectivity with the experts working in different universities and agricult
Published 09 Feb, 2017 12:00am
Punjab to set up Artists Social Support System

Punjab to set up Artists Social Support System

Punjab government has decided to set up Artists Social Support System (ASSS) in the province to help, facilitate artists needing socioeconomic support to survive. This fund will provide financial grant and social protection so that the helpless artists ma
Published 09 Feb, 2017 12:00am
Government urged to develop cottage & SME's

Government urged to develop cottage & SME's

The Lahore Chamber of Commerce & Industry (LCCI) acting president Muhammad Nasir Hameed Khan has urged the government to develop cottage and small & medium enterprises through strategic approach. He was speaking at the oath taking ceremony of Lahore Sewin
Published 09 Feb, 2017 12:00am
NLC offers support to set up modern trucking stations

NLC offers support to set up modern trucking stations

The Director General, National Logistic Cell (NLC, Major General (R) Faisal Mushtaq has offered all out support for setting up modern trucking stations from Karachi to Khunjrab. He was speaking during a meeting with Pak China joint Chamber of Commerce and
Published 09 Feb, 2017 12:00am
PSDF to provide jobs to over 400,000 youths

PSDF to provide jobs to over 400,000 youths

Punjab Skills Development Fund (PSDF) would provide jobs to more than 400,000 youths after training in technical and vocational services during next five years.Speakers Farhan Shuja and Azka Munir said this while delivering their lecture at an awareness s
Published 09 Feb, 2017 12:00am
Groundbreaking ceremony at GTTH performed

Groundbreaking ceremony at GTTH performed

The ground breaking ceremony of executive block at Ghurki Trust Teaching Hospital (GTTH) was performed by philanthropist Surraya Siddiqui, here on Tuesday. The 27-bed executive block has been designed on the premises of hospital not only to extend quality
Published 09 Feb, 2017 12:00am
Five killed as train rams into rickshaw

Five killed as train rams into rickshaw

At least five people were killed while two others sustained severe wounds as Fareed Express collided with rickshaw in Okara on Wednesday. According to details, the incident took place when a speeding train rammed into a motorcycle rickshaw in Basirpur are
Published 09 Feb, 2017 12:00am
UNAIDS pledges support to HIV/AIDS prevention program

UNAIDS pledges support to HIV/AIDS prevention program

UNAIDS has pledged its support to the Punjab government for its efforts aimed at prevention of HIV/AIDS. The pledge was given by Dr Mamadou L Sakho, UNAIDS Country Director for Pakistan and Afghanistan in a meeting arranged by the Punjab AIDS Control Prog
Published 09 Feb, 2017 12:00am
'Drive against corruption needs to be stepped up'

'Drive against corruption needs to be stepped up'

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has said that the drive against corruption must be stepped up to pull the country out of poverty, ignorance and other evils. He was addressing the JI provincial leadership from KPK. Sirajul Haq said
Published 09 Feb, 2017 12:00am
Romanian First Secretary urges promotion of direct trade

Romanian First Secretary urges promotion of direct trade

Pakistan is safe and peaceful country for foreign investors and doing business, said First Secretary of Romania to Pakistan Mihaita ENE on here on Wednesday. Addressing the members of Sialkot Chamber of Commerce and Industry (SCCI), he said that collectiv
Published 09 Feb, 2017 12:00am
PM reviews progress on SDG Programme

PM reviews progress on SDG Programme

Prime Minister Nawaz Sharif has emphasized that the federal and provincial governments should work hand-in-hand through matching grant basis, to achieve Sustainable Development Goals (SDGs). He was chairing a meeting here at Governor's House on Wednesday,
Published 09 Feb, 2017 12:00am
Karandaaz Pakistan signs grant pacts

Karandaaz Pakistan signs grant pacts

Karandaaz Pakistan, the leading source of financing and ongoing support for Pakistan's innovative growing companies, has signed grant agreements of $ 300,000 ie $ 100,000 each with Ricult Pakistan, Paysys Labs and PublishEX Solutions, winners of the first
Published 09 Feb, 2017 12:00am
Gandhara university hosts Japanese calendars expo

Gandhara university hosts Japanese calendars expo

Pakistan-Japan cultural Association Peshawar in collaboration with the Embassy of Japan organized Japanese Calendars Exhibition 2017 at the Gandhara University, Peshawar on Tuesday. 100 calendars were put on display portraying Japan's traditional and cont
Published 09 Feb, 2017 12:00am
Collectors asked to take steps to increase ST, WHT collection

Collectors asked to take steps to increase ST, WHT collection

The Federal Board of Revenue (FBR) has directed Collectors of Customs to enforce measures at ports to increase sales tax and withholding tax (WHT) collection at import stage, assisting FBR to achieve the annual revenue collection target for 2016-17. Sourc
Published 09 Feb, 2017 12:00am
TV channel asked to file response to show-cause notice

TV channel asked to file response to show-cause notice

The Supreme Court on Wednesday suspended all the contempt notices of Sindh High Court that the latter had served on Pakistan Electronic Media Regulatory Authority (Pemra) in response to pleas of BOL private television channel. The apex court also issued d
Published 09 Feb, 2017 12:00am
40 cattle killed in Shigar avalanche

40 cattle killed in Shigar avalanche

At least 40 cattle were killed while a house completely destroyed in avalanche in Shigar area on Wednesday. According to details, the intermittent snowfall in Skardu has resulted in avalanche in Arandu village that demolished several trees and infrastruct
Published 09 Feb, 2017 12:00am
Jazz wins Pakistan Center of Philanthropy Award

Jazz wins Pakistan Center of Philanthropy Award

Jazz has won Pakistan Center of Philanthropy (PCP) Award for being the top giving telecom company in the field of Corporate Social Responsibility. This award was presented to Ali Naseer, Chief of Corporate and Regulatory Affairs - Jazz by the President of
Published 09 Feb, 2017 12:00am
PMD forecasts light rain, snowfall

PMD forecasts light rain, snowfall

Pakistan Meteorological Department (PMD) on Wednesday forecast light rain and snowfall over the hills at isolated places as well as cold and dry weather conditions in most parts of the country. An official said that mainly cold and dry weather is expected
Published 09 Feb, 2017 12:00am
Date extended

Date extended

The Federal Board of Revenue (FBR) has extended date from January 31, 2017 to February 20, 2017 for submission of budget proposals pertaining to the customs department by the chambers, trade bodies and associations for 2017-18. It is learnt that the FBR h
Published 09 Feb, 2017 12:00am
KP CM directs SIDB merger into KPEZDMC

KP CM directs SIDB merger into KPEZDMC

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed for the merger of Small Industries Development Board (SIDB) in Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC), extension of electricity to Hayatabad Industrial E
Published 09 Feb, 2017 12:00am
Punjab Assembly passes four bills

Punjab Assembly passes four bills

Punjab Assembly in its 26th session here on Wednesday passed four bills. The session chaired by Speaker Rana Muhammad Iqbal also dealt with query period on Department of Social Welfare and Bait-ul-Maal and Agriculture Department on the occasion. The bills
Published 09 Feb, 2017 12:00am
CM reviews Punjab Urban Reforms Roadmap

CM reviews Punjab Urban Reforms Roadmap

Chief Minister Punjab Muhammad Shahbaz Sharif presided over the first meeting of provincial steering committee on urban development here Wednesday. The meeting which reviewed Punjab Urban Reforms Roadmap aimed at further improving urban facilities. Recomm
Published 09 Feb, 2017 12:00am
Dadex launches Pakistan's first 'Antimicrobial Pipes'

Dadex launches Pakistan's first 'Antimicrobial Pipes'

CEO & Director of Dadex Qazi Sajid Ali said that following our vision of 'innovation', we are now introducing "Antimicrobial Water Supply Pipes", manufactured by using world's latest D2P technology, a revolutionary technology used for the first time in th
Published 09 Feb, 2017 12:00am
K-Electric bags BSR Award

K-Electric bags BSR Award

The Professionals Network has conferred the Best Sustainability Report Award to K-Electric during the 6th Corporate Social Responsibility Awards 2017. Zehra Mehdi, Deputy Director ESG and Sustainability received the award on behalf of the organization dur
Published 09 Feb, 2017 12:00am
Telecom items import decline by five percent

Telecom items import decline by five percent

Pakistan's import of telecom items declined by 5 percent to $660.116 million in July-Dec 2016, official figures show. The decline in telecom goods import reached $34.381 million in the first half of this fiscal year as compared to their import of $694.497
Published 09 Feb, 2017 12:00am
International cars expo in Karachi from March 3

International cars expo in Karachi from March 3

A very large number of motor companies of different countries are expected to participate in an international expo of the automotive industry, which is scheduled to be held from March 3 to 5 at Karachi's Expo Centre. Fifty-six companies from China, a huge
Published 09 Feb, 2017 12:00am
Navy to hold multinational exercise AMAN-2017 from February 10

Navy to hold multinational exercise AMAN-2017 from February 10

Pakistan Navy has announced that fifth multinational naval exercise AMAN 2017 would be held from February 10 to 14, 2017. As many as 37 countries are participating in this biennially fifth exercise being held since 2007. Briefing the media in connection w
Published 09 Feb, 2017 12:00am
VC SU to establish Rs two billion endowment fund

VC SU to establish Rs two billion endowment fund

The Vice Chancellor University of Sindh Professor Dr Fateh Muhammad Burfat has announced to establish an endowment fund worth Rs 2 billion with a view to financially support the needy students in order to help them continue their higher studies on the cam
Published 09 Feb, 2017 12:00am
'Asaan Account': SBP advises banks to revisit strategy

'Asaan Account': SBP advises banks to revisit strategy

The State Bank of Pakistan (SBP) Wednesday advised banks to revisit their strategy towards "Asaan Account" and launch fresh public awareness campaigns to this effect. As part of National Financial Inclusion Strategy (NFIS), the SBP introduced a new bank a
Published 09 Feb, 2017 12:00am
Great scope for better trade with Switzerland: CG

Great scope for better trade with Switzerland: CG

The Consul General of Switzerland in Karachi, Mr Philippe Crevoisier, has said that the investment and trade figures between the two countries were encouraging but were still low. This needed to be improved but this is not going to be an easy task. Speaki
Published 09 Feb, 2017 12:00am
First Habib Modaraba wins SAFA Award

First Habib Modaraba wins SAFA Award

South Asian Federation of Accountants (SAFA) in its award ceremony held at Dhaka, Bangladesh, recently awarded SAFA BPA "Certificate of Merit" award to First Habib Modaraba (FHM) from the category of "Financial Services Sector" for "Best Presented Annual
Published 09 Feb, 2017 12:00am
First Habib Modaraba wins SAFA Award

First Habib Modaraba wins SAFA Award

South Asian Federation of Accountants (SAFA) in its award ceremony held at Dhaka, Bangladesh, recently awarded SAFA BPA "Certificate of Merit" award to First Habib Modaraba (FHM) from the category of "Financial Services Sector" for "Best Presented Annual
Published 09 Feb, 2017 12:00am
Cholistan Jeep rally starts today

Cholistan Jeep rally starts today

Pakistan's premier motor-sports event, the Cholistan Desert Jeep Rally is commencing from today, with an aim to promote tourism in the vast and unique desert of Cholistan besides inter-provincial harmony and integration. The rally is being organized by To
Published 09 Feb, 2017 12:00am
Chief of LOMTP body told to take care of special persons

Chief of LOMTP body told to take care of special persons

Kh Ahmad Hassaan, Chairman of the Steering Committee for the Lahore Orange Line Metro Train Project (LOMTP) has directed for taking care of special persons and arranging dedicated provisions for catering to their requirements besides constructing ramps cl
Published 09 Feb, 2017 12:00am
No place for Saleem Shahzad in PSP: Kamal

No place for Saleem Shahzad in PSP: Kamal

Pakistan Sarzameen Party (PSP) Chairman Syed Mustafa Kamal on Wednesday said that former Muttahida Qaumi Movement politician Saleem Shahzad who had returned to Karachi ending his self-imposed exile had no place in his party cadre. Speaking at 'Meet the Pr
Published 09 Feb, 2017 12:00am
PAT to challenge ATC decision in LHC

PAT to challenge ATC decision in LHC

Pakistan Awami Tehreek Chief Dr Tahirul Qadri has said that the party will challenge the ATC decision of not trying the Sharif brothers and a minister in the Lahore High Court. In a press conference via video-link from Canada on Wednesday evening, he said
Published 09 Feb, 2017 12:00am
LHC reserves verdict in Khwaja Hasaan's eligibility case

LHC reserves verdict in Khwaja Hasaan's eligibility case

The Lahore High Court on Wednesday reserved its verdict in some identical petitions challenging eligibility of Khwaja Ahmad Hasaan as chairman from UC-107. Advocate Sheraz Zaka concluded his arguments on behalf of the petitioners praying to the court to d
Published 09 Feb, 2017 12:00am
UVAS International fisheries symposium begins

UVAS International fisheries symposium begins

Two-day 6th International Fisheries Symposium & Expo 2017 titled "Innovative and Sustainable Aquaculture for Blue Revolution" arranged by University of Veterinary & Animal Sciences (UVAS) Lahore began at a local hotel on Wednesday.
Published 09 Feb, 2017 12:00am
Sindh Curriculum Authority set up

Sindh Curriculum Authority set up

Approving the establishment of the Sindh Curriculum Authority, Sindh chief minister chief minister Syed Murad Ali Shah have the go-ahead on Wednesday for the recruitment of 6,000 teachers in the province. He was presiding over a meeting of the Education D
Published 09 Feb, 2017 12:00am
Heavy snowfall paralyzes life in GB

Heavy snowfall paralyzes life in GB

Heavy snowfall has almost paralyzed daily life in Gilgit-Baltistan, with residents of the high altitude valley of Gultari were the greatest sufferers. The valley of 12,000 inhabitants, located 150 km south of Skardu City, has been completely cut off becau
Published 09 Feb, 2017 12:00am
Panama case: Judgment to change system of accountability, justice: Imran

Panama case: Judgment to change system of accountability, justice: Imran

Whatever the results may, the system of accountability and justice in Pakistan will not remain the same after judgment of Panama scandal case in the Supreme Court, expressed chairman Pakistan Tehreek-e-Insaf Imran Khan. He was of the view that after this
Published 09 Feb, 2017 12:00am
25 metric ton rice sent to Sri Lanka

25 metric ton rice sent to Sri Lanka

Due to severe drought in Sri Lanka, Prime Minister Nawaz Sharif has directed for provision of all necessary assistance to the government and the affected people of Sri Lanka and, consequently, an aircraft carrying 25 metric ton rice has left for Colombo.
Published 09 Feb, 2017 12:00am
PTCL's group operating profits up by 53 percent in 2016

PTCL's group operating profits up by 53 percent in 2016

Pakistan Telecommunication Company Limited (PTCL), the country's leading telecom and ICT services provider, has announced its financial results for the year ended Dec 31, 2016 at its Board of Directors meeting held in Islamabad on Feb 8, 2017. Operating p
Published 09 Feb, 2017 12:00am
LDA seals 26 wedding halls

LDA seals 26 wedding halls

Staff of Town Planning Wing of Lahore Development Authority sealed a total of 26 wedding venues in various localities on Wednesday. These included 13 marriage halls in Moon Market of Gulshan Ravi, seven marriage halls in Johar Town, five marriage halls in
Published 09 Feb, 2017 12:00am
Expansion in UNSC's permanent seats is 'red line' for Pakistan: Maleeha

Expansion in UNSC's permanent seats is 'red line' for Pakistan: Maleeha

Any expansion in the permanent seats of United Nations Security Council (UNSC) is a "red line" for Pakistan, Ambassador Maleeha Lodhi told world body on Tuesday. Participating in the second day of the Intergovernmental Negotiations (IGN) on Security Counc
Published 09 Feb, 2017 12:00am
SECP registers 766 complaints in January

SECP registers 766 complaints in January

SECP registered 766 companies during the month of January 2017. Incorporation of new companies has witnessed an unprecedented 48 percent growth in recent three months with constant increasing trend. It may be recalled that SECP introduced numerous facilit
Published 09 Feb, 2017 12:00am
Razi-ur-Rehman appointed CEO of FAMC

Razi-ur-Rehman appointed CEO of FAMC

Razi-ur-Rehman Khan has been appointed Chief Executive Officer of Faysal Asset Management Company Limited. This was announced by the Faysal Bank Limited and Islamic Investment Company of the Gulf, the principal shareholders of Faysal Asset Management Comp
Published 09 Feb, 2017 12:00am
Razi-ur-Rehman appointed CEO of FAMC

Razi-ur-Rehman appointed CEO of FAMC

Razi-ur-Rehman Khan has been appointed Chief Executive Officer of Faysal Asset Management Company Limited. This was announced by the Faysal Bank Limited and Islamic Investment Company of the Gulf, the principal shareholders of Faysal Asset Management Comp
Published 09 Feb, 2017 12:00am
'Invisible People' launched

'Invisible People' launched

Chairman Senate Raza Rabbani has said on Wednesday that the ruling elite of the country is unable to see certain harsh realities confronting day-to-day life. Speaking at the launching ceremony of his new book 'Invisible People,' he said, "These realities
Published 09 Feb, 2017 12:00am
Landslide kills one

Landslide kills one

One labourer died and three others serious injured when a big landmass fell over them. Rescue source said four labourers were busy in digging the land in Batapur area of Lahore when a big landmass fell over them. One labourer died in the incident while th
Published 09 Feb, 2017 12:00am
The Weather

The Weather

The weather report on Wednesday (February 08, 2017) and the forecast for Thursday (February 09, 2017).

Published 09 Feb, 2017 12:00am
SECP urges PSX to protect investors

SECP urges PSX to protect investors

Zafar Hijazi, the SECP Chairman, has urged the Pakistan Stock Exchange to fulfil its responsibility as the front line regulator of stockbrokers. The SECP called an emergent meeting with the Board of Directors of PSX yesterday evening to know about the ste
Published 09 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
India to suffer if violates Indus Treaty: Marriyum

India to suffer if violates Indus Treaty: Marriyum

Minister of State for Information and Broadcasting Marriyum Aurangzeb has said that India will itself suffer if it violates Indus Waters Treaty. Addressing at a national consultation on 'Pakistan's Water Challenge' here on Wednesday, she said that despite
Published 09 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 09 Feb, 2017 12:00am
India to suffer if violates Indus Treaty: Marriyum

India to suffer if violates Indus Treaty: Marriyum

Minister of State for Information and Broadcasting Marriyum Aurangzeb has said that India will itself suffer if it violates Indus Waters Treaty. Addressing at a national consultation on 'Pakistan's Water Challenge' here on Wednesday, she said that despite
Published 09 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 09 Feb, 2017 12:00am
Response to MoF

Response to MoF

The Ministry of Finance (MoF) has responded on Feb 2, 2017 to my article "Misguiding the people" carried by Business Recorder on Jan 25. In the article, I had raised three issues: First, on the release of large-scale manufacturing (LSM) growth numb
Published 09 Feb, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
Trump's economic policies

Trump's economic policies

The first few weeks have been hyperactive for US President Donald Trump. Win some, lose some. The immigration policy has become a public relations disaster. So far we have heard very little on 'Defence Policy'. Trump should remember Eisenhower's 1952 lame
Published 09 Feb, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (February 08, 2017)

Published 09 Feb, 2017 12:00am
Oil and gas sector: reform, restructuring

Oil and gas sector: reform, restructuring

Oil and gas (O&G) sector has defied reforms and restructuring for a long time now, despite a demand by the stakeholders and recommendations of others. Even the 18th Amendment could not move them. It is a big joy lording over such a big and in many ways qu
Published 09 Feb, 2017 12:00am
Good news and bad news

Good news and bad news

The federal cabinet announced on Tuesday two important decisions, one good - though inadequate - and the other plain bad. The good news is that the government has finally realized the need to improve women's participation in elections both as candidates a
Published 09 Feb, 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 Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
'Butcher of Kabul' rehabilitated

'Butcher of Kabul' rehabilitated

The UN Security Council has lifted its sanctions against Gulbedin Hekmatyar and his Hizb-e-Islami on the request of the Afghan government. The request followed a peace deal between the Afghan warlord and the government in September 2016. The deal offered
Published 09 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
Big export decline

Big export decline

Data placed before the National Assembly during a question-hour revealed that the trade deficit has risen to $ 11.75 billion during the ongoing financial year and export of value-added products have declined by a whopping 15.9 percent during the tenure of
Published 09 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
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