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Print - 2017-02-22
Five Senators attend PAC meeting

Five Senators attend PAC meeting

For the first time in the parliamentary history of Pakistan, five senators from different political parties nominated by Senate on Tuesday participated in Public Accounts Committee (PAC) meeting and took active part in discussion on different matters. As
Published 22 Feb, 2017 12:00am
Operation without Rangers will be a futile exercise: Imran

Operation without Rangers will be a futile exercise: Imran

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan warned on Tuesday that any operation in Punjab to track down the militant hideouts through Punjab police without Rangers will be an exercise in futility. "The force [Punjab Police] which failed to counter
Published 22 Feb, 2017 12:00am
PML-N to reorganize lawyers' wing in KP

PML-N to reorganize lawyers' wing in KP

Pakistan Muslim League-N has announced to reorganize its lawyers wing in Khyber Pakhtunkhwa by playing vital role in removal of groupings in the party in the province. This was stated by Maryam Javed Gandapu advocate while speaking at a press conference a
Published 22 Feb, 2017 12:00am
PTI, JI urge NAB, FBR chiefs to step down

PTI, JI urge NAB, FBR chiefs to step down

Pakistan Tehreek-e-Insaf (PTI) and Jamaat-e-Islami have asked the chairmen National Accountability Bureau (NAB) and Federal Board of Revenue (FBR) to resign after both the officials were grilled by the Supreme Court in Panamagate case.
Published 22 Feb, 2017 12:00am
Metro Securities to acquire 60 percent shares of Linde Pakistan

Metro Securities to acquire 60 percent shares of Linde Pakistan

Metro Securities Pvt Limited intends to acquire 60 percent ordinary shares of Linde Pakistan Limited. According to material information sent to Pakistan Stock Exchange on Tuesday, Metro Securities and/or persons acting in concert, hereby submit its public
Published 22 Feb, 2017 12:00am
Knitwear export up 0.17 percent

Knitwear export up 0.17 percent

The country's knitwear export went up to $1.193 billion in July-December 2017, up by just 0.17 percent, according to official figures. Rise in knitwear export in term of value comes to the tune of $1.999 million in July-December 2017 from $1.191 billion i
Published 22 Feb, 2017 12:00am
Sharjeel seeks extension in bail: SHC directs NAB, DAG to file comments

Sharjeel seeks extension in bail: SHC directs NAB, DAG to file comments

The Sindh High Court (SHC) has issued notices to National Accountability Bureau (NAB) and the deputy attorney general on the plea of former provincial information minister Sharjeel Inam Memon for urgent hearing of his two applications seeking extension in
Published 22 Feb, 2017 12:00am
KCCI team, FBR chief meeting to be held soon: Zubair

KCCI team, FBR chief meeting to be held soon: Zubair

Governor Sindh Muhammad Zubair has assured that a meeting between Karachi Chamber of Commerce and Industry (KCCI) and Chairman Federal Board of Revenue (FBR) along with other relevant officials will be held soon at Governor House in order to discuss and r
Published 22 Feb, 2017 12:00am
PIA directed to take steps to attain past glory

PIA directed to take steps to attain past glory

Advisor to Prime Minister on Aviation, Sardar Mehtab Ahmad Khan has directed the management of PIA to take all necessary steps to bring the airline at par with international standards so that it can regain its past glory. He was speaking at PIACL headquar
Published 22 Feb, 2017 12:00am
Alleged robber lynched by mob

Alleged robber lynched by mob

An alleged robber was killed while two people were injured in separate incidents, here on Tuesday. Police and rescue sources said that angry mob lynched an alleged robber when they caught him red-handed while committing a robbery bid inside a milk shop lo
Published 22 Feb, 2017 12:00am
KAPCO posts Rs 1.85 billion profit

KAPCO posts Rs 1.85 billion profit

Kot Addu Power Company (KAPCO) has posted Rs 1.853 billion as profit after tax in the quarter ended December 31, 2016 as compared to Rs 2.223 billion earned in the corresponding quarter in 2015. The company's earning per share of the company stood at Rs 2
Published 22 Feb, 2017 12:00am
KAPCO posts Rs 1.85 billion profit

KAPCO posts Rs 1.85 billion profit

Kot Addu Power Company (KAPCO) has posted Rs 1.853 billion as profit after tax in the quarter ended December 31, 2016 as compared to Rs 2.223 billion earned in the corresponding quarter in 2015. The company's earning per share of the company stood at Rs 2
Published 22 Feb, 2017 12:00am
Sindh seeks speedy issuance of CNICs by Nadra

Sindh seeks speedy issuance of CNICs by Nadra

Sindh chief secretary has asked the NADRA authorities to facilitate the people of the province in obtaining CNIC, by enhancing the office timings beyond 05:00 pm in all over the province. A letter to this effect, has been sent to the Director General NADR
Published 22 Feb, 2017 12:00am
SU to purchase 100 buses for students

SU to purchase 100 buses for students

The Vice-Chancellor of Sindh University Professor Dr Fateh Muhammad Burfat held a detailed meeting with officials of Hino Motors Limited Japan led by Division Head of the company Mehmood Ahmed Khan in his office on Tuesday to discuss matters relating to t
Published 22 Feb, 2017 12:00am
Property survey to be conducted soon: minister

Property survey to be conducted soon: minister

Sindh Minister for Excise, Taxation and Narcotics Control Mukesh Kumar Chawla has said that the property survey will be conducted across the province through geographical information system as well as door-to-door survey. This, he said, presiding over a m
Published 22 Feb, 2017 12:00am
Globalisation: poor nations made to accept terms of trade: PBIF
Cotton

Globalisation: poor nations made to accept terms of trade: PBIF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has expressed his concerns that rich (developed) nations compel the poor (under-developed/developing) ones to accept their terms for trade and other conditions including inv
Published 22 Feb, 2017 12:00am
CPEC research centre to be established in SU

CPEC research centre to be established in SU

Chinese Consulate in Karachi and Sindh University Jamshoro have agreed to establish China-Pakistan Economic Corridor (CPEC) Research Centre at Sindh University's Area Study Centre in order to develop research activities in the campus and strengthen the re
Published 22 Feb, 2017 12:00am
Three accused killed in police 'encounter'

Three accused killed in police 'encounter'

The crackdown against criminal elements under National Action Plan (NAP) continued in Karachi as three accused were killed in encounter with police in the city on Monday night. According to details, three accused were fleeing after looting the residents i
Published 22 Feb, 2017 12:00am
Suspicious briefcase causes panic among shopkeepers

Suspicious briefcase causes panic among shopkeepers

A suspicious briefcase found inside an under-construction building's room located on Saddar Preedi Street here on Tuesday causing panic among the shopkeepers. The Bomb Disposal Squad (BDS) rushed to site and examined the stuff but did not found any bomb o
Published 22 Feb, 2017 12:00am
Shahbaz condemns Charsadah attack

Shahbaz condemns Charsadah attack

Chief Minister of Punjab Shahbaz Sharif has strongly condemned the terror attack at Charsadah and mourned over the loss of precious lives. While expressing solidarity with bereaved families, Chief Minister prayed to Almighty Allah to rest departed souls i
Published 22 Feb, 2017 12:00am
Police show exemplary courage, fights back terrorists

Police show exemplary courage, fights back terrorists

Police bravely foiled a terrorist attack on a local judicial building after targeting two terrorists shot dead while the third died when he detonated his suicide jacket at Tangi, District Charsadda on Tuesday. However, seven persons were killed and 28 oth
Published 22 Feb, 2017 12:00am
Two killed in Jirga firing

Two killed in Jirga firing

Two people were killed in firing during a Jirga after exchange of hot words here on Tuesday. Police arrested three culprits. Police said that a Jirga was organised to settle a dispute in Paoka area of the provincial capital Peshawar.
Published 22 Feb, 2017 12:00am
CIECC delegation meets SBI chairperson

CIECC delegation meets SBI chairperson

A 12-member delegation of China International Engineering Consulting Corporation (CIECC) led by Director General, Chinese International Business Department, Wang Ping called on Chairperson Sindh Board of Investment (SBI), Naheed Memon at SBI office here o
Published 22 Feb, 2017 12:00am
APNS lauds PM for increasing government advertisement rates

APNS lauds PM for increasing government advertisement rates

Sarmad Ali, President and Umer Mujib Shami, Secretary General of All Pakistan Newspapers Society on behalf of the office bearers and members of the Society have expressed profound gratitude to Prime Minister Nawaz Sharif for his kind approval of 15 percen
Published 22 Feb, 2017 12:00am
UK Muslim teacher denied entry to US

UK Muslim teacher denied entry to US

A British Muslim teacher was denied entry to the United States while on a school trip nearly two weeks after the suspension of Donald Trump's travel ban despite having valid visa. Juhel Miah, described as a popular and respected math teacher, was on his w
Published 22 Feb, 2017 12:00am
CM seeks report over embezzlement in KPC affairs

CM seeks report over embezzlement in KPC affairs

Various matters of Lahore Knowledge Park Company (KPC) were reviewed in a meeting chaired by Punjab Chief Minister Mian Shahbaz Sharif on Tuesday. Chairman CM Inspection Committee presented report highlighting embezzlement in the process of tracking down
Published 22 Feb, 2017 12:00am
Power sector: FBR, ministry discuss tax-related issues

Power sector: FBR, ministry discuss tax-related issues

The Federal Board of Revenue (FBR) and Ministry of Water and Power held a follow-up meeting at FBR House to discuss tax related issues of power sector, sources toldBusiness Recorder on Tuesday. According to sources, the issues like sales tax on sup
Published 22 Feb, 2017 12:00am
APBF concerned over rising trade deficit

APBF concerned over rising trade deficit

The All Pakistan Business Forum' (APBF) has expressed its concerns over the alarming rise in the trade deficit, during the first 7 months of the on-going fiscal year. According to recent economic reports in the media - Pakistan's external sector is facing
Published 22 Feb, 2017 12:00am
PESCO team nabs 107 pilferers in Bannu Circle

PESCO team nabs 107 pilferers in Bannu Circle

On the directives of Chief Executive, Peshawar Electricity Supply Company (PESCO) drive against illegal use of electricity has been accelerated throughout Khyber Pakhtunkhwa. In this connection PESCO Surveillance Wapda House team conducted raids in differ
Published 22 Feb, 2017 12:00am
Hurriyet leaders call off Friday's strike due to Shivratri

Hurriyet leaders call off Friday's strike due to Shivratri

On the appeal of Hindu Pandits, Hurriyet leadership has announced to call off strike on the occasion of Shivratri on Friday. The leaders have asserted that calling off the strike on Shivratri "would further strengthen the bond between Kashmiri Pandits and
Published 22 Feb, 2017 12:00am
Saqib Saleem reappointed

Saqib Saleem reappointed

The Board of Directors of MCB-Arif Habib Saving and Investments Limited has re-appointed Muhammad Saqib Saleem as Chief Executive Officer of the Company on February 20, 2017. This was stated in material information sent to Pakistan Stock Exchange (PSX) he
Published 22 Feb, 2017 12:00am
LHC seeks more arguments in sugar mills case
Cotton

LHC seeks more arguments in sugar mills case

The Lahore High Court on Tuesday sought more arguments in next hearing of Thursday on the point that if ban on sugar mills was imposed then why cultivation of sugarcane replaced cotton crop in southern Punjab in a petition against relocation of Chaudhry S
Published 22 Feb, 2017 12:00am
Pakistan rejects Afghan government's claims

Pakistan rejects Afghan government's claims

Pakistan has rejected Afghan government's claims pertaining to presence of leaders and members of the Afghan Taliban and their training camps in the country, describing it as "rhetoric based on myth." Official sources privy to the development said that th
Published 22 Feb, 2017 12:00am
MoIT&T, Jazz sign contract to set-up telecenters

MoIT&T, Jazz sign contract to set-up telecenters

In yet another significant development in the realm of ICT empowered socio economic development, Ministry of IT & Telecom through the USF Co entered into a contract with Jazz for establishment of ten telecenters across the country. In this connection, a s
Published 22 Feb, 2017 12:00am
MoIT&T, Jazz sign contract to set-up telecenters

MoIT&T, Jazz sign contract to set-up telecenters

In yet another significant development in the realm of ICT empowered socio economic development, Ministry of IT & Telecom through the USF Co entered into a contract with Jazz for establishment of ten telecenters across the country. In this connection, a s
Published 22 Feb, 2017 12:00am
No restriction on Ayyan Ali to travel abroad: CJ

No restriction on Ayyan Ali to travel abroad: CJ

Chief Justice of Pakistan Saqib Nisar has said that there is no restriction on supermodel Ayyan Ali from travelling abroad. The Chief Justice made the remark while hearing the contempt of court plea filed by Ayyan Ali against Secretary Interior over not r
Published 22 Feb, 2017 12:00am
Fake email ID of SBP governor being used to cheat people

Fake email ID of SBP governor being used to cheat people

State Bank of Pakistan (SBP) has warned general public of a fake email ID that is being used to cheat people misusing the name of the Governor of the Sate Bank of Pakistan. SBP said on Tuesday that a fake email address was created in the name of Governor
Published 22 Feb, 2017 12:00am
FCCI team to visit Finland

FCCI team to visit Finland

FCCI Trade delegation will also visit Finland during its upcoming visit of Europe, said President FCCI Muhammad Saeed Sheikh. During a meeting with Dr Duree S Ahmed Honorary Consul of Finland in Lahore, he said that earlier a delegation was scheduled to v
Published 22 Feb, 2017 12:00am
TUSDEC, Corvit sign MoU

TUSDEC, Corvit sign MoU

Technology Upgradation and Skill Development Company (TUSDEC) and Corvit Systems Peshawar have signed a Memorandum of Understanding (MoU) to work jointly for targeting opportunities in the global market in the areas of Information & Communication Technolo
Published 22 Feb, 2017 12:00am
PAC for conducting probe into embezzlement of Rs 62 million by MD PASSCO

PAC for conducting probe into embezzlement of Rs 62 million by MD PASSCO

Public Accounts Committee (PAC) on Tuesday directed Ministry of National Food Security +ACY- Research to conduct an inquiry into embezzlement of Rs 62 million in 2012-13 by managing director Pakistan Agricultural Storage and Services Corporation (PASSCO).
Published 22 Feb, 2017 12:00am
Shanghai copper up

Shanghai copper up

Shanghai Futures Exchange copper pulled back from early gains on Tuesday to finish up 1 percent at 48,920 yuan ($7,108) a tonne on Monday as the dollar pushed ahead, but ongoing supply concerns from industrial action in Chile and an Indonesian export perm
Published 22 Feb, 2017 12:00am
Copper slips as dollar surge prompts profit-taking

Copper slips as dollar surge prompts profit-taking

Copper prices slipped on Tuesday due to a rise in the dollar and as investors locked in gains after a rally to above $6,000 a tonne, driven by the prospect of major supply disruptions in Chile and Indonesia. The dollar was on course for its steepest gain
Published 22 Feb, 2017 12:00am
Australia produces record amount of wheat

Australia produces record amount of wheat

Australian farmers produced a record amount of wheat during the 2016/17 season, the country's chief commodity forecaster said on Tuesday, as ideal weather pushed the world's fourth largest exporter to production levels of more than 35 million tonnes.
Published 22 Feb, 2017 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures ended down 1 percent at a one-month low on Tuesday, losing for a fifth straight session, pressured by a fall in Shanghai futures, dealers said. The Tokyo Commodity Exchange rubber contract for July delivery finished 3 yen lo
Published 22 Feb, 2017 12:00am
Brazil cane crop views vary widely amid above average rains

Brazil cane crop views vary widely amid above average rains

Early projections for Brazil's 2017/18 sugar cane crop are varying widely amid heavy rains in the center-south cane belt, leaving commodities traders uncertain about how much sugar the world's top producer will make as harvest time approaches.
Published 22 Feb, 2017 12:00am
Palm oil drops to 15-week low on hopes of rising output

Palm oil drops to 15-week low on hopes of rising output

Malaysian palm oil futures slid for a fourth consecutive session on Tuesday, hitting their lowest in 15 weeks as expectations of higher production and ample supplies of rival soyabean oil weighed on the market. Benchmark palm oil futures for May delivery
Published 22 Feb, 2017 12:00am
Raw sugar climbs as physical supplies tighten

Raw sugar climbs as physical supplies tighten

Raw sugar futures rose on Tuesday, supported by tightening nearby supplies highlighted by physical buying from Iran, while London cocoa rose on a weaker pound and technical factors lifted arabica coffee. March raw sugar futures rose 0.20 cents, or 0.99 pe
Published 22 Feb, 2017 12:00am
Gold drops in Asia

Gold drops in Asia

Gold prices fell as the dollar gained on Tuesday, with investors waiting for clues on the timing of any increase in US interest rates from minutes of a Federal Reserve meeting and in a series of speeches by Fed officials this week. The heads of five regio
Published 22 Feb, 2017 12:00am
Gold down in Europe
Currency

Gold down in Europe

Gold prices fell on Tuesday as renewed expectations of an increase in US interest rates next month pushed the dollar higher, although political and economic uncertainties in Europe and the United States were seen as continuing to give support. Spot gold w
Published 22 Feb, 2017 12:00am
Soyabeans down

Soyabeans down

US soyabean futures headed lower on Tuesday for a third straight session, reversing from early strength to touch a two-week low on expectations for large South American soya harvests, analysts said. Wheat futures were also lower while corn firmed, support
Published 22 Feb, 2017 12:00am
US MIDDAY: gold falls
Currency

US MIDDAY: gold falls

Gold prices fell early on Tuesday as renewed expectations of an increase in US interest rates next month pushed the dollar higher, although political and economic uncertainties in Europe and the United States supported investor sentiment. Spot gold was do
Published 22 Feb, 2017 12:00am
Oil rises one percent as OPEC sees higher compliance with cuts

Oil rises one percent as OPEC sees higher compliance with cuts

Oil prices ended about 1 percent higher after touching three-week highs on Tuesday on OPEC's optimism for greater compliance with its deal with other producers including Russia to curb output in an effort to clear a glut that has weighed on the market. OP
Published 22 Feb, 2017 12:00am
Economic policymaking

Economic policymaking

This is apropos aBusiness Recorder op-ed "Pakistan 2050: the future is bright" carried by the newspaper recently. According to the writer, Shabir Ahmed, "India's rise poses strategic challenges that go beyond trade. Already, at over$2 trillion, Ind
Published 22 Feb, 2017 12:00am
Europe dodges Trump's defence spending ultimatum

Europe dodges Trump's defence spending ultimatum

US President Donald Trump sent top U.S. officials to Europe with a familiar warning from Washington that allies must spend more on defence, this time with the ultimatum "or else". But Europeans have tried to deflect the threats with the argument that a co
Published 22 Feb, 2017 12:00am
'The debt debate'

'The debt debate'

Debt Policy Co-ordination Office (Finance Division)This is with reference to opinion piece titled "The debt debate" carried by Business Recorder on 03.02.2017. The said article needs certain clarifications as under:
Published 22 Feb, 2017 12:00am
CPEC - India's clouded perspective

CPEC - India's clouded perspective

Piqued by the profound economic potential of the China Pakistan Economic Corridor (CEPC) that could cause an adverse impact on its geo-economic and geostrategic aspirations in the region, India has a legitimate reason to eye the project with a lot of susp
Published 22 Feb, 2017 12:00am
Deficient CCTV cameras

Deficient CCTV cameras

Whilst terrorism remains a clear and present danger in this country, the level of laxity with which the authorities concerned deal with different aspects of the menace is astonishing. It turns out that 1900 CCTV cameras installed in the federal capital un
Published 22 Feb, 2017 12:00am
Rangers in Punjab

Rangers in Punjab

aAt its Sunday's meeting, held in the wake of the terrorist attack in Lahore, the Punjab Apex Committee took several important decisions. The one that stands out is that although the provincial government has finally come around to seek the Rangers' help
Published 22 Feb, 2017 12:00am
Pros and cons of piped gas

Pros and cons of piped gas

Providing gas to consumers through pipes has been a preferred mode of gas distribution in Pakistan. However, independent consultants, Taseer Hadi and Co appointed by Oil and Gas Regulatory Authority (Ogra) under a decision of the Economic Co-ordination Co
Published 22 Feb, 2017 12:00am
FSC declares baby born through medical process legitimate

FSC declares baby born through medical process legitimate

Federal Shariat Court (FSC) Tuesday declared that if a baby is born through mechanical/medical process where the sperm belongs to the actual father and the egg to the actual mother and the child is born by the actual mother, in that case the procedure wou
Published 22 Feb, 2017 12:00am
FSC declares baby born through medical process legitimate

FSC declares baby born through medical process legitimate

Federal Shariat Court (FSC) Tuesday declared that if a baby is born through mechanical/medical process where the sperm belongs to the actual father and the egg to the actual mother and the child is born by the actual mother, in that case the procedure wou
Published 22 Feb, 2017 12:00am
Austria detains Ukraine tycoon after shock extradition ruling

Austria detains Ukraine tycoon after shock extradition ruling

Austria detained Ukrainian oligarch Dmytro Firtash on Tuesday over alleged links to organised crime in Spain, shortly after a Vienna court approved his extradition to the US on separate corruption charges. Police took the gas magnate into custody as he le
Published 22 Feb, 2017 12:00am
Austria detains Ukraine tycoon after shock extradition ruling

Austria detains Ukraine tycoon after shock extradition ruling

Austria detained Ukrainian oligarch Dmytro Firtash on Tuesday over alleged links to organised crime in Spain, shortly after a Vienna court approved his extradition to the US on separate corruption charges. Police took the gas magnate into custody as he le
Published 22 Feb, 2017 12:00am
Urea export quota to be allocated on first-come-first-serve basis: SBP

Urea export quota to be allocated on first-come-first-serve basis: SBP

The State Bank of Pakistan (SBP) said here on Tuesday that export quota to urea manufacturers will be allocated on first-come-first-serve basis without subsidy and exporters will be required to ship the urea within 45 days after approval. As the federal g
Published 22 Feb, 2017 12:00am
Urea export quota to be allocated on first-come-first-serve basis: SBP

Urea export quota to be allocated on first-come-first-serve basis: SBP

The State Bank of Pakistan (SBP) said here on Tuesday that export quota to urea manufacturers will be allocated on first-come-first-serve basis without subsidy and exporters will be required to ship the urea within 45 days after approval. As the federal g
Published 22 Feb, 2017 12:00am
Urea export quota to be allocated on first-come-first-serve basis: SBP

Urea export quota to be allocated on first-come-first-serve basis: SBP

The State Bank of Pakistan (SBP) said here on Tuesday that export quota to urea manufacturers will be allocated on first-come-first-serve basis without subsidy and exporters will be required to ship the urea within 45 days after approval. As the federal g
Published 22 Feb, 2017 12:00am
EU agrees to close tax loopholes for multinationals

EU agrees to close tax loopholes for multinationals

EU finance ministers agreed Tuesday to close loopholes that multinational firms exploit to pay low or no taxes by shopping for better deals outside the 28-nation bloc. They said the new rules aim to prevent firms from "exploiting disparities" in tax rates
Published 22 Feb, 2017 12:00am
EU agrees to close tax loopholes for multinationals

EU agrees to close tax loopholes for multinationals

EU finance ministers agreed Tuesday to close loopholes that multinational firms exploit to pay low or no taxes by shopping for better deals outside the 28-nation bloc. They said the new rules aim to prevent firms from "exploiting disparities" in tax rates
Published 22 Feb, 2017 12:00am
EDB CEO''s slot attracts some unsuitable candidates

EDB CEO''s slot attracts some unsuitable candidates

Ministry of Industries and Production (MoI&P) has reportedly formed a committee to scrutinise applications for the position of Chief Executive Officer (CEO) Engineering Development Board, a position that has attracted some unsuitable candidates. EDB adver
Published 22 Feb, 2017 12:00am
EDB CEO's slot attracts some unsuitable candidates

EDB CEO's slot attracts some unsuitable candidates

Ministry of Industries and Production (MoI&P) has reportedly formed a committee to scrutinise applications for the position of Chief Executive Officer (CEO) Engineering Development Board, a position that has attracted some unsuitable candidates. EDB adver
Published 22 Feb, 2017 12:00am
EDB CEO's slot attracts some unsuitable candidates

EDB CEO's slot attracts some unsuitable candidates

Ministry of Industries and Production (MoI&P) has reportedly formed a committee to scrutinise applications for the position of Chief Executive Officer (CEO) Engineering Development Board, a position that has attracted some unsuitable candidates. EDB adver
Published 22 Feb, 2017 12:00am
Dar for keeping fiscal deficit within limit of four percent

Dar for keeping fiscal deficit within limit of four percent

Finance Minister Senator Ishaq Dar Tuesday said the government was focused on further improving the key macroeconomic indicators, including the investment-to-GDP and tax-to-GDP ratios. Chairing a meeting to review macroeconomic indicators, he said after h
Published 22 Feb, 2017 12:00am
Dar for keeping fiscal deficit within limit of four percent

Dar for keeping fiscal deficit within limit of four percent

Finance Minister Senator Ishaq Dar Tuesday said the government was focused on further improving the key macroeconomic indicators, including the investment-to-GDP and tax-to-GDP ratios. Chairing a meeting to review macroeconomic indicators, he said after h
Published 22 Feb, 2017 12:00am
Dar for keeping fiscal deficit within limit of four percent

Dar for keeping fiscal deficit within limit of four percent

Finance Minister Senator Ishaq Dar Tuesday said the government was focused on further improving the key macroeconomic indicators, including the investment-to-GDP and tax-to-GDP ratios. Chairing a meeting to review macroeconomic indicators, he said after h
Published 22 Feb, 2017 12:00am
ECP completes scrutiny of 100 legislators' declared assets

ECP completes scrutiny of 100 legislators' declared assets

The Election Commission of Pakistan (ECP) has scrutinised the annual declarations of assets of as many as 100 parliamentarians. An official of ECP said that the scrutiny process of assets' declarations filed by parliamentarians, started from December 01 a
Published 22 Feb, 2017 12:00am
ECP completes scrutiny of 100 legislators' declared assets

ECP completes scrutiny of 100 legislators' declared assets

The Election Commission of Pakistan (ECP) has scrutinised the annual declarations of assets of as many as 100 parliamentarians. An official of ECP said that the scrutiny process of assets' declarations filed by parliamentarians, started from December 01 a
Published 22 Feb, 2017 12:00am
Britain will not bribe its way to Brexit: minister

Britain will not bribe its way to Brexit: minister

Britain's "Brexit" minister responsible for managing its departure from the European Union on Tuesday denied reports his government was planning to pay eastern EU states to support it during negotiations with Brussels. David Davis described as "implausibl
Published 22 Feb, 2017 12:00am
Duterte a serial killer: senator

Duterte a serial killer: senator

Philippine President Rodrigo Duterte is a "serial killer" who should be forced out of office, one of his chief critics said Tuesday, as she faced arrest on drug charges which she insisted were meant to silence her. Senator Leila de Lima invoked the famous
Published 22 Feb, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (February 21, 2017) and the forecast for Wednesday (February 22, 2017).

Published 22 Feb, 2017 12:00am
HSBC profits plunge as bank navigates political storms

HSBC profits plunge as bank navigates political storms

HSBC profits plunged last year on huge writedowns and restructuring charges, the banking titan said Tuesday, warning of uncertainty over Brexit and Donald Trump''''s economic policies. The London-headquartered bank with a focus on Asia said net profit tum
Published 22 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (February 21, 2017).

Published 22 Feb, 2017 12:00am
HSBC profits plunge as bank navigates political storms

HSBC profits plunge as bank navigates political storms

HSBC profits plunged last year on huge writedowns and restructuring charges, the banking titan said Tuesday, warning of uncertainty over Brexit and Donald Trump''s economic policies. The London-headquartered bank with a focus on Asia said net profit tumbl
Published 22 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 22 Feb, 2017 12:00am
HSBC profits plunge as bank navigates political storms

HSBC profits plunge as bank navigates political storms

HSBC profits plunged last year on huge writedowns and restructuring charges, the banking titan said Tuesday, warning of uncertainty over Brexit and Donald Trump's economic policies. The London-headquartered bank with a focus on Asia said net profit tumble
Published 22 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 22 Feb, 2017 12:00am
HSBC profits plunge as bank navigates political storms

HSBC profits plunge as bank navigates political storms

HSBC profits plunged last year on huge writedowns and restructuring charges, the banking titan said Tuesday, warning of uncertainty over Brexit and Donald Trump's economic policies. The London-headquartered bank with a focus on Asia said net profit tumble
Published 22 Feb, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (February 21, 2017).

Published 22 Feb, 2017 12:00am
Chiefs of NAB, FBR grilled by SC

Chiefs of NAB, FBR grilled by SC

The Supreme Court on Tuesday grilled the chairmen of National Accountability Bureau and Federal Board of Revenue on their failure to take any step in the Panamagate case, observing if the NAB and the FBR have no jurisdiction then who will take action in t
Published 22 Feb, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (February 21, 2017)

Published 22 Feb, 2017 12:00am
Chiefs of NAB, FBR grilled by SC

Chiefs of NAB, FBR grilled by SC

The Supreme Court on Tuesday grilled the chairmen of National Accountability Bureau and Federal Board of Revenue on their failure to take any step in the Panamagate case, observing if the NAB and the FBR have no jurisdiction then who will take action in t
Published 22 Feb, 2017 12:00am
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