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Print - 2017-02-16
JUI-F chief calls for consulting tribesmen before merger

JUI-F chief calls for consulting tribesmen before merger

JUI-F Chief Maulana Fazlur Rehman Wednesday asked the federal government for consulting tribesmen before the mainstreaming and merger of FATA into Khyber Pakhtunkhwa (KP). Addressing a press conference here, he said the FATA Jirga held in Convention Centr
Published 16 Feb, 2017 12:00am
Imran calls for merger, mainstreaming of Fata

Imran calls for merger, mainstreaming of Fata

Pakistan Tehrik-e-Insaf Chief Imran Khan has called for merger of FATA into Khyber Pakhtunkhwa at the earliest and mainstreaming the tribal areas for elimination of terrorism from the country. Talking to newsmen after suicide attack on the van for judges
Published 16 Feb, 2017 12:00am
FWBL, MasterCard to launch innovative payment solutions

FWBL, MasterCard to launch innovative payment solutions

First Women Bank Limited and MasterCard, a leading technology company in the global payments industry, have signed an agreement that will pave the way for the introduction of MasterCard's innovative payment solutions to provide a safe, simple and secure p
Published 16 Feb, 2017 12:00am
Strict action against corrupt police officials assured

Strict action against corrupt police officials assured

Deputy Inspector General (DIG) of Police East zone, Muhammad Arif Hanif has vowed to take strict action against police officials found linked with land mafia. Addressing a meeting with the members of the Association of Builders and Developers (ABAD) at AB
Published 16 Feb, 2017 12:00am
PBC engages A F Ferguson & Co as Knowledge Partner for CERB

PBC engages A F Ferguson & Co as Knowledge Partner for CERB

The Pakistan Business Council (PBC) has signed a Memorandum of Understanding (MoU) with PricewaterhouseCoopers (PwC) through its Pakistan member firm, A. F Ferguson & Co Chartered Accountants, engaging the firm as Knowledge Partner for its Centre of Excel
Published 16 Feb, 2017 12:00am
Murad orders removal of encroachments from KCR route

Murad orders removal of encroachments from KCR route

Sindh chief minister Syed Murad Ali Shah said Wednesday that encroachments on the route of the Karachi Circular Railway since 2013 will be bulldozed, and those were settled there before that year compensated, as a measure to make way for the project to be
Published 16 Feb, 2017 12:00am
Soneri Bank earns Rs 1,878.84 million profit after tax

Soneri Bank earns Rs 1,878.84 million profit after tax

The Board of Directors of Soneri Bank Limited met in Lahore under the Chairmanship of Alauddin Feerasta, on 15 February 2017 to review the performance of the Bank and approved the financial statements for the year ended 31 December 2016. Chairman while ad
Published 16 Feb, 2017 12:00am
Soneri Bank earns Rs 1,878.84 million profit after tax

Soneri Bank earns Rs 1,878.84 million profit after tax

The Board of Directors of Soneri Bank Limited met in Lahore under the Chairmanship of Alauddin Feerasta, on 15 February 2017 to review the performance of the Bank and approved the financial statements for the year ended 31 December 2016. Chairman while ad
Published 16 Feb, 2017 12:00am
Mari Petroleum discovers gas at Shaheen -1 Exploration Well

Mari Petroleum discovers gas at Shaheen -1 Exploration Well

Mari Petroleum Company Limited (MPCL) has made a significant gas discovery under new exploratory efforts at Shaheen -1 Exploration Well, drilled in Mari D&P Lease Area, located in District Ghotki, Sind Province. MPCL is the sole operator of Mari D&P Lease
Published 16 Feb, 2017 12:00am
Another weather system to reach next Friday

Another weather system to reach next Friday

The Met Office has forecast another weather system to reach Pakistan on next Friday, likely to unleash rains across all the provinces by the weekend. It alerted the citizens to landslides and avalanches in vulnerable areas of Khyber Pakhtunkhwa, Gilgit-Ba
Published 16 Feb, 2017 12:00am
Preparations get under way for 14th My Karachi fair

Preparations get under way for 14th My Karachi fair

Chairman Businessmen Group (BMG) and Former President of Karachi Chamber of Commerce and Industry (KCCI), Siraj Kassam Teli has announced that preparations were in full swing for staging 14th My Karachi - Oasis of Harmony Exhibition in a vivid and lively
Published 16 Feb, 2017 12:00am
Woman killed, two injured in city

Woman killed, two injured in city

A woman was killed while two others injured in a couple of violence incidents here on Wednesday. According to police and rescue sources, Zareena, 55, wife of Sharif was killed while Sana,22, daughter of Sharif was injured when unknown man opened fire on t
Published 16 Feb, 2017 12:00am
EFU Life announces 150 percent cash dividend for 2016

EFU Life announces 150 percent cash dividend for 2016

EFU Life Assurance Ltd, the leading private sector life insurance company in Pakistan announced its financial results for the year ended 31 December 2016 as approved in the meeting of the Board of Directors held on 14 February 2017. The company posted a p
Published 16 Feb, 2017 12:00am
EFU Life announces 150 percent cash dividend for 2016

EFU Life announces 150 percent cash dividend for 2016

EFU Life Assurance Ltd, the leading private sector life insurance company in Pakistan announced its financial results for the year ended 31 December 2016 as approved in the meeting of the Board of Directors held on 14 February 2017. The company posted a p
Published 16 Feb, 2017 12:00am
Government raises Rs 631 billion through auction of MTBs

Government raises Rs 631 billion through auction of MTBs

The federal government Wednesday raised Rs 631 billion through auction of short term government papers. The State Bank of Pakistan (SBP) conducted auction for the sale of 3-month, 6-month and 12-month Market Treasury Bills (MTBs) on February 15, 2017 and
Published 16 Feb, 2017 12:00am
Government raises Rs 631 billion through auction of MTBs

Government raises Rs 631 billion through auction of MTBs

The federal government Wednesday raised Rs 631 billion through auction of short term government papers. The State Bank of Pakistan (SBP) conducted auction for the sale of 3-month, 6-month and 12-month Market Treasury Bills (MTBs) on February 15, 2017 and
Published 16 Feb, 2017 12:00am
Techtextil Frankfurt TDAP offers excellent opportunity

Techtextil Frankfurt TDAP offers excellent opportunity

Techtextil is the leading international trade fair for technical textiles and non-woven showing the full range of potential uses of textile technologies. According to a statement issued here on Wednesday, Techtextil is held in parallel with Texprocess the
Published 16 Feb, 2017 12:00am
SECMC, Indus Hospital join hands for healthier Thar

SECMC, Indus Hospital join hands for healthier Thar

Sindh Engro Coal Mining Company (SECMC) and the Indus Hospital have joined hands to take over functioning of its on-site free Mother and Child Clinic located in Thar Coal Block II. SECMC has entered an agreement with The Indus Hospital on Tuesday which wa
Published 16 Feb, 2017 12:00am
Three die as vehicle falls down Lyari Expressway

Three die as vehicle falls down Lyari Expressway

At least three people died and two others were seriously injured in a road mishap here on Wednesday. Motorways police said that an over speeding vehicle skidded off road after driver suddenly applied brakes and it got out control and fell down at under co
Published 16 Feb, 2017 12:00am
CCTEG to set up 660 megawatts power plant in Thar

CCTEG to set up 660 megawatts power plant in Thar

The China Coal Technology and Engineering Group (CCTEG) will set up a 660MW power plant in Thar. Chairman CCTEG, Wang Jinhua called on Sindh Chief Minister, Syed Murad Ali Shah in Karachi on Wednesday. Matters related to beginning of mining and setting up
Published 16 Feb, 2017 12:00am
Government cautious about Toshakhana details

Government cautious about Toshakhana details

The government declined today (Wednesday) to share the three-year details of the Toshakhana (gift chest) where the prime minister, ministers, bureaucrats and dignitaries are supposed to deposit all gifts they receive on their trips abroad. In response to
Published 16 Feb, 2017 12:00am
Isolating Pakistan difficult: Kulkarni

Isolating Pakistan difficult: Kulkarni

Chairman of the Observer Research Foundation (ORF) Mumbai India, Sudheendra Kulkarni said on Wednesday that it is difficult to isolate Pakistan rather it should be engaged in talks for the establishment of peace in the region. He was addressing the semina
Published 16 Feb, 2017 12:00am
Services Shoes stock show begins

Services Shoes stock show begins

Pakistan's leading shoe retailer, Services Shoes Corporation (SSC) kicked off stock shows of their new summer collection 2017 for their esteemed wholesalers across Pakistan here on Wednesday. The objective is to invite SSC's prestigious business partners
Published 16 Feb, 2017 12:00am
Commander US Naval Forces meets Zakaullah

Commander US Naval Forces meets Zakaullah

Commander US Naval Forces Central Command (NAVCENT) Vice Admiral Kevin M Donegan visited Naval Headquarters on Wednesday and called on Chief of the Naval Staff, Admiral M Zakaullah in his office. During the meeting matters of mutual interest including bil
Published 16 Feb, 2017 12:00am
LHC reserves verdict in VCs' appointment case

LHC reserves verdict in VCs' appointment case

A division bench of the Lahore High Court on Wednesday reserved its verdict on appeals of Punjab government and others challenging a decision wherein appointment process for vice chancellors of four universities as well as the appointment of the acting he
Published 16 Feb, 2017 12:00am
Musharraf claims CPEC was his idea

Musharraf claims CPEC was his idea

All Pakistan Muslim League (APML) Head and former president General Pervez Musharraf (retd) has said that he had initiated the Gwadar Port project, and China-Pakistan Economic Corridor (CPEC) was also his idea. In an interview, the former president asked
Published 16 Feb, 2017 12:00am
Three levy personnel among five killed in Mohmand attack

Three levy personnel among five killed in Mohmand attack

At least five persons including three personnel of Levy Forces were killed and five other injured in suicide bombing in Mohmand Agency's Ghalanai tehsil on Wednesday. Sources said that two suicide bombers had tried to enter a housing colony of the local p
Published 16 Feb, 2017 12:00am
PFA issues warning to 53 food outlets

PFA issues warning to 53 food outlets

The Punjab Food Authority (PFA) on Wednesday checked different bakeries and restaurants in the provincial metropolis and issued warning to 53 food outlets. PFA instructed them to obtain a license from the Authority in next 10 days or be ready to face seal
Published 16 Feb, 2017 12:00am
'34 percent work of Ring Road completed'

'34 percent work of Ring Road completed'

Lahore Ring Road Authority (LRRA) Chairperson Abdullah Khan Sumbal has said that 34 percent construction work of Southern Loop-1 (SL-1) and Southern Loop-2 (SL-2) of southern-cum-western loop of Ring Road has been completed. He was talking to a delegation
Published 16 Feb, 2017 12:00am
Oracle Corporation releases Global Engagement Study

Oracle Corporation releases Global Engagement Study

A recent study by Oracle Corporation has indicated that equipping employees with the latest technology, having accessible leaders and strong company values are important factors that ultimately reflect an employee's success or failure within the company.
Published 16 Feb, 2017 12:00am
Afghanistan urged to take urgent action against JuA's sanctuaries

Afghanistan urged to take urgent action against JuA's sanctuaries

Pakistan has conveyed "grave concern" to Afghanistan over the continued terror attacks by a terrorist outfit, Jumaat-ul-Ahrar (JuA), from its sanctuaries across the border, urging the Afghan government to take urgent steps to eliminate the terrorists' san
Published 16 Feb, 2017 12:00am
Panama case: confessional statement of Dar missing link: Imran

Panama case: confessional statement of Dar missing link: Imran

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan said on Wednesday that the confessional statement of Finance Minister Ishaq Dar is the missing link in Panama Papers case. Talking to the media after Wednesday's hearing in the Panama Leaks case in the Su
Published 16 Feb, 2017 12:00am
Security alert issued over threats for schools

Security alert issued over threats for schools

The country's intelligence agencies on Wednesday issued security alert over threats of terrorism across Punjab. According to the security agencies, terrorists may target schools, hospitals and the China Pakistan Economic Corridor (CPEC) projects in the pr
Published 16 Feb, 2017 12:00am
Imran failed to produce counter-evidence: PML-N leaders

Imran failed to produce counter-evidence: PML-N leaders

Leaders of Pakistan Muslim League-Nawaz (PML-N) on Wednesday alleged that Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan has failed to produce counter-evidence with regard to Panama Papers case in the Supreme Court. Talking to media persons outside th
Published 16 Feb, 2017 12:00am
Various countries keen to invest in CPEC

Various countries keen to invest in CPEC

Investment companies of France, Italy, Turkey, Egypt, Iran and other countries are keen to invest in special economic zones under China-Pakistan Economic Corridor (CPEC), it is learnt. According to sources, the government has decided to give the task to F
Published 16 Feb, 2017 12:00am
Baghdad suicide car bomb kills nine

Baghdad suicide car bomb kills nine

A suicide bomber detonated an explosives-laden vehicle in a Shia majority neighbourhood of Baghdad Wednesday, killing at least nine people, an interior ministry official said. Thirty others were wounded in the explosion in the Habibiya area, near the vast
Published 16 Feb, 2017 12:00am
EU emits 'final warning' to Britain, France on air pollution

EU emits 'final warning' to Britain, France on air pollution

The EU ordered five member countries including Britain, France and Germany to tighten controls on smog-causing car pollution or risk being sent to the top European court. Heavy smog has enveloped much of Europe this winter prompting emergency measures in
Published 16 Feb, 2017 12:00am
Kenyan doctors' union officials freed

Kenyan doctors' union officials freed

Seven Kenyan medical union officials, jailed for their role in a strike that has crippled public hospitals, were freed Wednesday ahead of their appeal and will resume negotiations with the government. A labour court had sentenced the Kenya Medical Practit
Published 16 Feb, 2017 12:00am
Turkey must end free speech restrictions: watchdog

Turkey must end free speech restrictions: watchdog

The Council of Europe on Wednesday urged Turkey to "change course" and respect the right to free expression, as it criticised a string of sweeping measures introduced by Ankara after a failed coup. "The space for democratic debate in Turkey has shrunk ala
Published 16 Feb, 2017 12:00am
Disgraced Indian Tamil leader jailed over graft

Disgraced Indian Tamil leader jailed over graft

Disgraced Indian politician VK Sasikala was jailed Wednesday for corruption, just as she was on the cusp of becoming the leader of one of India's most prosperous states. Sasikala set off by car from her base in Chennai to Bangalore where she will serve he
Published 16 Feb, 2017 12:00am
UNICEF launches $110 million appeal for Sudan children

UNICEF launches $110 million appeal for Sudan children

The UN children's agency on Wednesday launched a $110 million appeal to help two million acutely malnourished children across Sudan, including hundreds of thousands living in conflict areas. UNICEF said Sudan is home to around 13 percent of all children s
Published 16 Feb, 2017 12:00am
Eurostar implements facial recognition for passengers

Eurostar implements facial recognition for passengers

After London last year, Eurostar has installed electronic passport gates with facial recognition technology for passengers travelling from Paris. "If you're travelling from Paris to day, try our brand new E-gates," the company tweeted Wednesday. Passenger
Published 16 Feb, 2017 12:00am
Rouhani begins Gulf tour to soothe relations

Rouhani begins Gulf tour to soothe relations

Iranian President Hassan Rouhani visited Oman on Wednesday as part of a regional tour to improve relations with Gulf neighbours that have been strained by the conflicts in Syria and Yemen. Before leaving Tehran, Rouhani expressed support for Kuwait-led ef
Published 16 Feb, 2017 12:00am
Serbs protest Belgrade development after shady demolition

Serbs protest Belgrade development after shady demolition

Several thousand people protested Wednesday in Belgrade demanding the mayor's resignation and protesting alleged graft and violence linked to a project financed by a UAE-based firm. Authorities say the $3-billion (2.8-billion-euro) deal with an Abu Dhabi-
Published 16 Feb, 2017 12:00am
Irish government faces no-confidence vote

Irish government faces no-confidence vote

Ireland's fragile minority government faces a no-confidence vote later Wednesday over a scandal involving the police, the state's child protection agency and the political establishment. Prime Minister Enda Kenny and his cabinet have been criticised over
Published 16 Feb, 2017 12:00am
Malaysia police arrest woman over North Korean killing

Malaysia police arrest woman over North Korean killing

Malaysian police probing the killing of the half-brother of North Korea's leader arrested a woman Wednesday as they tried to unravel a Cold War-style assassination the South said was carried out by Pyongyang's agents. As Seoul pointed the finger at poison
Published 16 Feb, 2017 12:00am
Dominican journalists shot dead mid-broadcast

Dominican journalists shot dead mid-broadcast

Two journalists were shot dead during a live radio broadcast in the Dominican Republic, police and media said. Unidentified attackers burst into the 103.5 FM studio as presenter Luis Manuel Medina was reading the news on air on Tuesday and shot him dead,
Published 16 Feb, 2017 12:00am
Libya rivals agree to explore ways to end rift: Egypt

Libya rivals agree to explore ways to end rift: Egypt

Rival powers in Libya have agreed to form a committee to explore amending a UN-backed deal to end the country's political turmoil, Egypt announced on Wednesday after hosting talks. The head of Libya's unity government Fayez al-Sarraj and rival army chief
Published 16 Feb, 2017 12:00am
US defence chief hails Nato as 'fundamental bedrock'

US defence chief hails Nato as 'fundamental bedrock'

US Defence Secretary James Mattis hailed Nato as the "fundamental bedrock" of transatlantic security as he sought to reassure allies Wednesday about President Donald Trump's commitment to the alliance. Mattis, who has been on the job less than a month, sp
Published 16 Feb, 2017 12:00am
Oil prices hold ground after US stockpiles soar to record

Oil prices hold ground after US stockpiles soar to record

US crude prices were little changed on Wednesday in choppy trade, even as record high US crude and gasoline inventories fed concerns about a glut. The bearish pressure from the US government data was offset by evidence that OPEC and other producing countr
Published 16 Feb, 2017 12:00am
Army decides to comb southern Punjab

Army decides to comb southern Punjab

This is apropos a Business Recorder news item "Army decides to comb South Punjab" carried by the newspaper on Wednesday. According to it, Army chief General Qamar Javed Bajwa chaired a crucial Corps Commanders meeting at General Headquarters Rawalp
Published 16 Feb, 2017 12:00am
General Bajwa's resolve

General Bajwa's resolve

Talking to the mother of Shaheed DIG Mubeen, Army chief General Bajwa reportedly said that the sacrifice of her brave son and those by the nation shall not go waste. "We have to defeat this inhuman brutal mindset and as a nation we shall," according to hi
Published 16 Feb, 2017 12:00am
Pharma industry shuns Trump push for radical shift at FDA

Pharma industry shuns Trump push for radical shift at FDA

US President Donald Trump's vow to roll back government regulations at least 75 percent is causing anxiety for some pharmaceutical executives that a less robust Food and Drug Administration would make it harder to secure insurance coverage for pricey new
Published 16 Feb, 2017 12:00am
Panama Papers: HK takes aim at middlemen

Panama Papers: HK takes aim at middlemen

Hong Kong is beefing up its anti-money laundering and corporate disclosure laws in a move that some financial crime specialists say could lead to the exodus of billions of dollars in assets from the territory as people seek to avoid increased scrutiny. Th
Published 16 Feb, 2017 12:00am
Long on rhetoric, short on action

Long on rhetoric, short on action

After the latest terrorist attack on a chemists' protest demonstration at Lahore's busy Mall Road left 17 people dead and 84 others injured, some of them grievously, the President, Prime Minister, Interior Minister and Chief of the Army Staff issued custo
Published 16 Feb, 2017 12:00am
The Weather

The Weather

The weather report on Wednesday (February 15, 2017) and the forecast for Thursday (February 16, 2017).

Published 16 Feb, 2017 12:00am
Therapeutic goods

Therapeutic goods

The Punjab government's well-meant effort to tackle the issue of spurious and substandard drugs through amendments to the Drug Regulatory Authority Act 1976 has set off a chain of events that have an underpinning of tragedy. For one, the protest rally by
Published 16 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (February 15, 2017).

Published 16 Feb, 2017 12:00am
The census challenge

The census challenge

Demographics, defined as the statistical study of populations, measures size, structure, and distribution of populations, spatial or temporal changes in them in response to ethnicity, birth, migration, ageing and death. These dynamic changes, when identif
Published 16 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 16 Feb, 2017 12:00am
Khamenei criticises Iran's president on economy ahead of vote

Khamenei criticises Iran's president on economy ahead of vote

Iran's president must do more to improve the economy, Ayatollah Ali Khamenei said on Wednesday in a rare public criticism from the supreme leader three months before Hassan Rouhani runs for re-election. Unemployment, recession and inflation - issues that
Published 16 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 16 Feb, 2017 12:00am
Khamenei criticises Iran's president on economy ahead of vote

Khamenei criticises Iran's president on economy ahead of vote

Iran's president must do more to improve the economy, Ayatollah Ali Khamenei said on Wednesday in a rare public criticism from the supreme leader three months before Hassan Rouhani runs for re-election. Unemployment, recession and inflation - issues that
Published 16 Feb, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (February 15, 2017).

Published 16 Feb, 2017 12:00am
PNSC seeks to diversify business

PNSC seeks to diversify business

After achieving highest-ever AA (Double A) rating, Pakistan National Shipping Corporation (PNSC) has announced that it will diversify its business with the establishment of dragging and oil storage facilities in the country. PNSC has also completed all th
Published 16 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 15, 2017)

Published 16 Feb, 2017 12:00am
PNSC seeks to diversify business

PNSC seeks to diversify business

After achieving highest-ever AA (Double A) rating, Pakistan National Shipping Corporation (PNSC) has announced that it will diversify its business with the establishment of dragging and oil storage facilities in the country. PNSC has also completed all th
Published 16 Feb, 2017 12:00am
PNSC seeks to diversify business

PNSC seeks to diversify business

After achieving highest-ever AA (Double A) rating, Pakistan National Shipping Corporation (PNSC) has announced that it will diversify its business with the establishment of dragging and oil storage facilities in the country. PNSC has also completed all th
Published 16 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 15, 2017).

Published 16 Feb, 2017 12:00am
Ex-Chinese envoy meets Shahbaz

Ex-Chinese envoy meets Shahbaz

Former Ambassador of China, Zhang Chun Xiang called on Punjab Chief Minister Shahbaz Sharif and congratulated him over amazing speed of work on CPEC projects. He said that all the projects of CPEC are being completed at extremely high speed and its credit
Published 16 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 15, 2017).

Published 16 Feb, 2017 12:00am
Ex-Chinese envoy meets Shahbaz

Ex-Chinese envoy meets Shahbaz

Former Ambassador of China, Zhang Chun Xiang called on Punjab Chief Minister Shahbaz Sharif and congratulated him over amazing speed of work on CPEC projects. He said that all the projects of CPEC are being completed at extremely high speed and its credit
Published 16 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 15, 2017).

Published 16 Feb, 2017 12:00am
Ex-Chinese envoy meets Shahbaz

Ex-Chinese envoy meets Shahbaz

Former Ambassador of China, Zhang Chun Xiang called on Punjab Chief Minister Shahbaz Sharif and congratulated him over amazing speed of work on CPEC projects. He said that all the projects of CPEC are being completed at extremely high speed and its credit
Published 16 Feb, 2017 12:00am
July-January FDI up by 10 percent

July-January FDI up by 10 percent

Foreign Direct Investment (FDI) is performing well, posting an increase of 10 percent during the first seven months of this fiscal year (FY17). According to State Bank of Pakistan (SBP), Pakistan fetched FDI amounting to $1.162 billion during July-January
Published 16 Feb, 2017 12:00am
July-January FDI up by 10 percent

July-January FDI up by 10 percent

Foreign Direct Investment (FDI) is performing well, posting an increase of 10 percent during the first seven months of this fiscal year (FY17). According to State Bank of Pakistan (SBP), Pakistan fetched FDI amounting to $1.162 billion during July-January
Published 16 Feb, 2017 12:00am
THE RUPEE: little changes
Currency

THE RUPEE: little changes

The rupee moved cautiously in terms of the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed one paisa versus the dollar for buying and selling at Rs 104.82 and Rs 104.83 respectively.
Published 16 Feb, 2017 12:00am
July-January FDI up by 10 percent

July-January FDI up by 10 percent

Foreign Direct Investment (FDI) is performing well, posting an increase of 10 percent during the first seven months of this fiscal year (FY17). According to State Bank of Pakistan (SBP), Pakistan fetched FDI amounting to $1.162 billion during July-January
Published 16 Feb, 2017 12:00am
THE RUPEE: little changes
Currency

THE RUPEE: little changes

The rupee moved cautiously in terms of the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed one paisa versus the dollar for buying and selling at Rs 104.82 and Rs 104.83 respectively.
Published 16 Feb, 2017 12:00am
Ex-post facto approval granted to foreign commercial loans

Ex-post facto approval granted to foreign commercial loans

Federal cabinet has reportedly granted ex-post facto approval to foreign commercial loans amounting to $2.7655 billion borrowed by the Government of Pakistan (GoP) from November 26, 2013 to September 20, 2016, well-informed sources told Business Record
Published 16 Feb, 2017 12:00am
Ex-post facto approval granted to foreign commercial loans

Ex-post facto approval granted to foreign commercial loans

Federal cabinet has reportedly granted ex-post facto approval to foreign commercial loans amounting to $2.7655 billion borrowed by the Government of Pakistan (GoP) from November 26, 2013 to September 20, 2016, well-informed sources told Business Record
Published 16 Feb, 2017 12:00am
Ex-post facto approval granted to foreign commercial loans

Ex-post facto approval granted to foreign commercial loans

Federal cabinet has reportedly granted ex-post facto approval to foreign commercial loans amounting to $2.7655 billion borrowed by the Government of Pakistan (GoP) from November 26, 2013 to September 20, 2016, well-informed sources told Business Record
Published 16 Feb, 2017 12:00am
India puts record 104 satellites into orbit

India puts record 104 satellites into orbit

India successfully put a record 104 satellites from a single rocket into orbit on Wednesday in the latest triumph for its famously frugal space programme. Celebrations erupted among scientists at the southern spaceport of Sriharikota as the head of India'
Published 16 Feb, 2017 12:00am
India puts record 104 satellites into orbit

India puts record 104 satellites into orbit

India successfully put a record 104 satellites from a single rocket into orbit on Wednesday in the latest triumph for its famously frugal space programme. Celebrations erupted among scientists at the southern spaceport of Sriharikota as the head of India'
Published 16 Feb, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (February 15, 2017).

Published 16 Feb, 2017 12:00am
Oceans have lost two percent of oxygen, says study

Oceans have lost two percent of oxygen, says study

The world's oceans have lost more than two percent of their oxygen since 1960, with potentially devastating consequences for sea plants and animals, marine scientists said Wednesday. In those five and a half decades, parts of the oceans devoid of oxygen,
Published 16 Feb, 2017 12:00am
Oceans have lost two percent of oxygen, says study

Oceans have lost two percent of oxygen, says study

The world's oceans have lost more than two percent of their oxygen since 1960, with potentially devastating consequences for sea plants and animals, marine scientists said Wednesday. In those five and a half decades, parts of the oceans devoid of oxygen,
Published 16 Feb, 2017 12:00am
German police raid homes of Turkish imams suspected of spying

German police raid homes of Turkish imams suspected of spying

German police Wednesday raided the homes of four Turkish Muslim preachers suspected of spying for President Recep Tayyip Erdogan's government on the movement he blames for last year's coup attempt. The imams, who were not named, are accused of reporting o
Published 16 Feb, 2017 12:00am
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