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Oct 12, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-02-24
Venezuela complains to France over deported skier

Venezuela complains to France over deported skier

Venezuela complained to France on Thursday because French police deported a Venezuelan skier after allegedly making fun of him because they didn't believe skiing existed in his country. Adrian Solano, 22, was trying to change planes in Paris on the way to
Published 24 Feb, 2017 12:00am
All-Pakistan Inter-University Men Volleyball begins

All-Pakistan Inter-University Men Volleyball begins

All-Pakistan Inter-University Men Volleyball Championship got under way here at indoor hall of the Pakistan Sports Board Coaching Center on Thursday. Vice Chancellor, Sarhad University Professor Dr Saleem-ur-Rehman was the chief guest on this occasion who
Published 24 Feb, 2017 12:00am
Rooney's agent in China for transfer talks

Rooney's agent in China for transfer talks

Wayne Rooney's agent Paul Stretford held talks in China on Thursday amid mounting speculation over the Manchester United captain's future, British media said. Rooney, 31, has been sidelined by manager Jose Mourinho heightening expectations he could leave
Published 24 Feb, 2017 12:00am
Raonic advances at Delray Beach

Raonic advances at Delray Beach

Canadian top seed Milos Raonic advanced to the quarter-finals of the ATP Delray Beach Open on Wednesday by defeating Croatia's Borna Coric 6-3, 7-6 (7/2). On a night when rain delayed the start of play for more than eight hours, world number four Raonic f
Published 24 Feb, 2017 12:00am
Pjaca, Alves strikes lift Juve past depleted Porto

Pjaca, Alves strikes lift Juve past depleted Porto

Croatian starlet Marko Pjaca and Dani Alves came off the bench to strike late as Juventus overcame 10-man Porto 2-0 in their Champions League last 16 first leg on Wednesday. Porto hosted Juventus, the beaten 2015 finalists, looking for their first win in
Published 24 Feb, 2017 12:00am
Renshaw, Starc revive Australia in first Test

Renshaw, Starc revive Australia in first Test

Australia's Matt Renshaw admitted he feared he had let his teammates down by leaving the fray with an upset stomach before returning to hit a gritty half-century in the first Test against India Thursday. In the opening day of a four-match series between t
Published 24 Feb, 2017 12:00am
Labour fights for post-Brexit future in UK by-elections

Labour fights for post-Brexit future in UK by-elections

Britain's ailing Labour party was battling Thursday to avoid defeat in two parliamentary by-elections, fighting off UKIP in one Brexit bastion and fearing a historic loss to the governing Conservatives in the other. The votes in Stoke-on-Trent and Copelan
Published 24 Feb, 2017 12:00am
North Korea lashes Malaysia over Kim assassination

North Korea lashes Malaysia over Kim assassination

North Korea's state media broke a 10-day silence Thursday on the murder of Kim Jong-Un's half brother, launching a ferocious assault on Malaysia for "immoral" handling of the case and for playing politics with the corpse. In its first comments on the airp
Published 24 Feb, 2017 12:00am
One dead as Storm Doris hits British Isles

One dead as Storm Doris hits British Isles

One person was killed by falling debris on Thursday as Storm Doris slammed into the British Isles, also causing flight disruptions at Europe's busiest air hub and train cancellations. A woman suffered a fatal head injury from a piece of debris blowing dow
Published 24 Feb, 2017 12:00am
Net migration to Britain falls to lowest in more than two years

Net migration to Britain falls to lowest in more than two years

Net migration to Britain has fallen to its lowest in more than two years, official data showed on Thursday, partly driven by an increase in the number of people from some eastern European countries leaving. But the Office for National Statistics (ONS) sai
Published 24 Feb, 2017 12:00am
New Somali prime minister named

New Somali prime minister named

Hassan Ali Kheyre, a former aid worker and oil executive, was named prime minister of Somalia on Thursday by the country's new President Mohamed Abdullahi Mohamed. Mohamed, popularly known as Farmajo, made the announcement on Twitter. After his nomination
Published 24 Feb, 2017 12:00am
Record damages awarded over US army base noise in Japan

Record damages awarded over US army base noise in Japan

A Japanese court on Thursday awarded record compensation for thousands of residents near a US military base over aircraft noise, but rejected their demand to suspend flights at odd hours. An Okinawa court ordered the Japanese government to pay 30.19 billi
Published 24 Feb, 2017 12:00am
Rebels say Al-Bab captured

Rebels say Al-Bab captured

Turkish-backed Syrian rebels said Thursday they had fully captured the town of Al-Bab from the Islamic State group, marking a key defeat for the jihadists after weeks of heavy fighting. As Ankara said its allies now had "near complete control", the rebel
Published 24 Feb, 2017 12:00am
Syria peace talks stumble over meeting format

Syria peace talks stumble over meeting format

The UN's Syria envoy met rival negotiators gathered for peace talks in Geneva on Thursday, but even getting them into the same room appeared uncertain as hopes remained slim for a breakthrough. Persistent violence and deadlock over Syria's political futur
Published 24 Feb, 2017 12:00am
Hundreds protest Netanyahu in Australia

Hundreds protest Netanyahu in Australia

Several hundred pro-Palestinian protesters demonstrated in Sydney on Thursday against the first visit to Australia by an Israeli prime minister, branding Benjamin Netanyahu a "war criminal". A police helicopter hovered over the city as speakers slammed Ca
Published 24 Feb, 2017 12:00am
Mexico rejects 'unilateral' US migration moves

Mexico rejects 'unilateral' US migration moves

Mexico vowed not to let the United States impose migration reforms on it as its leaders prepared Thursday to host US officials who are cracking down on illegal immigrants. Foreign Minister Luis Videgaray sharpened the tone as he prepared for talks followi
Published 24 Feb, 2017 12:00am
Israel appoints new right-wing supreme court judges

Israel appoints new right-wing supreme court judges

The Israeli Supreme Court has taken a lurch to the right with the appointment of a number of new judges considered deeply conservative. Justice Minister Ayelet Shaked, a member of the right-wing Jewish Home party, announced late Wednesday four new judges
Published 24 Feb, 2017 12:00am
Germany deports third batch of Afghan migrants to Kabul

Germany deports third batch of Afghan migrants to Kabul

Eighteen Afghans deported from Germany arrived in Kabul Thursday after their asylum pleas were rejected, the third batch to be sent back in recent months as Berlin speeds up the expulsions. Germany Chancellor Angela Merkel's cabinet approved new measures
Published 24 Feb, 2017 12:00am
Turkey says 2,000 Syrian families set for citizenship

Turkey says 2,000 Syrian families set for citizenship

Istanbul authorities on Thursday said 2,000 Syrian families in the city could be set for Turkish citizenship but the government insisted approval would only come after an April referendum on boosting the president's powers. "Until now in Istanbul, documen
Published 24 Feb, 2017 12:00am
Shanghai copper eases

Shanghai copper eases

Shanghai Futures Exchange copper eased 1 percent to 48,390 yuan ($7,035) a tonne on Thursday as concerns about fresh regulations that could dampen China's property boom steepened a correction that began with improving prospects for a US interest rate hike
Published 24 Feb, 2017 12:00am
Copper tumbles as Chinese demand worries resurface

Copper tumbles as Chinese demand worries resurface

Copper prices tumbled on Thursday as worries about demand in top consumer China resurfaced after the country's housing minister suggested moves were afoot to stabilise the property market, while a firm dollar reinforced negative sentiment. The benchmark c
Published 24 Feb, 2017 12:00am
Norway oil companies raise 2017 investment forecasts

Norway oil companies raise 2017 investment forecasts

Norway's oil companies have increased their 2017 investment plans in the last three months, signalling a smaller-than-expected contraction for the industry, a survey by the statistics office showed on Thursday. Investments in oil and gas extraction and pi
Published 24 Feb, 2017 12:00am
Oil prices up but gains pared after seventh straight stock build

Oil prices up but gains pared after seventh straight stock build

Oil prices rose but gains were pared Thursday after US government data showed a seventh straight build in crude stocks, suggesting high inventories could undermine Opec's move to cut output. Benchmark Brent crude oil rose 81 cents a barrel to $56.65 by 11
Published 24 Feb, 2017 12:00am
Tokyo rubber tumbles

Tokyo rubber tumbles

Benchmark Tokyo rubber futures tumbled more than five percent on Thursday, extending losses into a 7th straight session and hitting a near 7-week closing low, as plunging Shanghai futures in late trade prompted a flurry of selling in Tokyo near the close.
Published 24 Feb, 2017 12:00am
Malaysian palm oil hits near four-month low

Malaysian palm oil hits near four-month low

Malaysian palm oil futures fell on Thursday evening, charting a fifth session of losses in six and hitting their lowest in nearly four months as concerns persisted over rising production and weak exports. Benchmark palm oil futures for May on the Bursa Ma
Published 24 Feb, 2017 12:00am
Cocoa rises after Ivorian reselling, sugar stumbles

Cocoa rises after Ivorian reselling, sugar stumbles

Cocoa futures climbed on Thursday after the Ivory Coast signalled the country's physical supply glut may be easing, while raw sugar fell sharply on technical pressure. May New York cocoa was up $9, or 0.45 percent, at$2,004 a tonne by 1500 GMT, after gain
Published 24 Feb, 2017 12:00am
Gold turns up in New York

Gold turns up in New York

Gold turned higher as the dollar shifted lower on Wednesday, after minutes from the last US Federal Reserve meeting showed uncertainty among policymakers about the new Trump administration's economic program. Still, many Fed policymakers said it may be ap
Published 24 Feb, 2017 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold prices were steady on Thursday, supported by uncertainty surrounding US President Donald Trump's economic policy after Wednesday's Federal Reserve minutes failed to give the market much direction, despite its support for interest rate hikes.
Published 24 Feb, 2017 12:00am
Gold hits three-month high in Europe

Gold hits three-month high in Europe

Gold prices on Thursday hit a three-month high after the minutes of the latest Federal Reserve policy meeting further dampened expectations of an interest rate hike in March, lowering US bond yields and stalling upward momentum in the dollar. Spot gold wa
Published 24 Feb, 2017 12:00am
US MIDDAY: soya at six-week low

US MIDDAY: soya at six-week low

US soyabean futures fell to a six-week low on Thursday on expectations for a big South American harvest and an expansion in US plantings this spring, analysts said. Corn futures fell on chart-based selling while wheat posted modest declines. As of 11:15 a
Published 24 Feb, 2017 12:00am
US MIDDAY: gold soars

US MIDDAY: gold soars

Gold prices hit a three-month high on Thursday after the minutes of the latest Federal Reserve policy meeting further dampened expectations of an interest rate hike in March, lowering US bond yields and stalling upward momentum in the dollar. Spot gold wa
Published 24 Feb, 2017 12:00am
Pakistan climbs to world's third-largest e-commerce position

Pakistan climbs to world's third-largest e-commerce position

Planning Minister Ahsan Iqbal said on Thursday Pakistan has become the third largest E-Commerce country in the world and has the potential to become regional hub of IT. He was addressing a ceremony arranged by Higher Education Commission (HEC) to launch S
Published 24 Feb, 2017 12:00am
Forex reserves up by $105 million

Forex reserves up by $105 million

The country's total liquid foreign exchange reserves rose by $105 million during last week. According to State Bank of Pakistan's weekly report issued Thursday, Pakistan's total liquid foreign exchange reserves stood at $21.930 billion as on Feb 17, 2017
Published 24 Feb, 2017 12:00am
Afghan envoy calls for immediate reopening of Pakistani border

Afghan envoy calls for immediate reopening of Pakistani border

Afghan Ambassador to Pakistan, Dr Omar Zakhilwal has described the continued closure of border crossings as violation of Afghanistan-Pakistan Trade and Transit Agreement (APTTA) and called for immediate reopening of the Pak-Afghan border as part of the "q
Published 24 Feb, 2017 12:00am
PTI man goes over to PPP

PTI man goes over to PPP

A prominent local politician of Pakistan Tehreek-e-Insaf (PTI) has decided to join Pakistan People's Party (PPP). Nadir Leghari, who had joined PTI in 2010, was elected president of the party's Sindh chapter in March 2013 and the chairman of Insaf Profess
Published 24 Feb, 2017 12:00am
USC barred from awarding automation project contract to foreign company

USC barred from awarding automation project contract to foreign company

Competition Commission of Pakistan (CCP) has barred Utility Stores Corporation (USC) from awarding the contract of multi-million rupees automation project to a foreign company on a petition filed by local venders, citing discrimination in drafting of Requ
Published 24 Feb, 2017 12:00am
Suspect held with Indian currency, maps
Currency

Suspect held with Indian currency, maps

The sensitive agencies arrested a suspect with foreign currency, maps of important installations and sensitive documents here on Thursday. The sensitive agencies conducted a search operation against the suspects in Nika Pura area of Sialkot. During the op
Published 24 Feb, 2017 12:00am
US envoy meets SCCI members

US envoy meets SCCI members

American Ambassador to Pakistan David Hale met Thursday with members of the Sialkot Chamber of Commerce and Industry's (SCCI) Executive Board. During the meeting wide range of initiatives and potential avenues for deeper economic and trade co-operation we
Published 24 Feb, 2017 12:00am
Higher education is key to development: minister

Higher education is key to development: minister

Higher education plays key role in the development of the country; offering trained human resource to different sectors' of development would ensure development and fast paced growth. Higher Education Minister Syed Raza Ali Gillani said this while address
Published 24 Feb, 2017 12:00am
'Multi-model Intercity Bus Terminals' being built in Lahore

'Multi-model Intercity Bus Terminals' being built in Lahore

The Punjab government is going to construct state-of-the-art "Multi-model Intercity Bus Terminals" in Lahore under public private partnership (PPP) mode to extend best travelling facilities to the masses. Punjab Minister for Excise and Taxation Mujtaba Sh
Published 24 Feb, 2017 12:00am
Nepal invites LCCI delegation to investment summit

Nepal invites LCCI delegation to investment summit

Ambassador of Nepal to Pakistan Sewa Lamsal Adhikari has invited the Pakistani business community to take part in the Investment Summit scheduled to be held in Nepal in the beginning of March. She said this while talking to the office-bearers of Lahore Ch
Published 24 Feb, 2017 12:00am
Terrorists cannot shatter determination of nation: Shahbaz

Terrorists cannot shatter determination of nation: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif, while condemning the explosion in the Defense area of Lahore, said the whole nation is united against terrorism and terrorists cannot shatter determination of the nation through such coward acts. Ordering inv
Published 24 Feb, 2017 12:00am
Free eye camp at Darul Shafa Hospital from March 1

Free eye camp at Darul Shafa Hospital from March 1

The 82nd bi-annual free eye camp in Darul Hikmat Darul Shafa Hospital at Darul Ehsan Samundri Road would start from March 1 and it would be operational throughout the month. The target has been fixed to treat more than 13,000 eye patients. The medical tea
Published 24 Feb, 2017 12:00am
College events cancelled in Lahore

College events cancelled in Lahore

Director of Education (Colleges) in Lahore Division on Thursday issued a notification to cancel different events, functions, sports days, and convocations in colleges with immediate effect after a blast in Defence Housing Authority (DHA) Z-block.
Published 24 Feb, 2017 12:00am
Millers refuse to lift substandard wheat

Millers refuse to lift substandard wheat

Flour millers from Punjab have refused to lift what they said substandard wheat being released from the government godowns across the province. Pakistan Flour Mills Association (PFMA) Chairman Riaz Ullah Khan claimed this in a statement issued on Thursday
Published 24 Feb, 2017 12:00am
Entry to parks: ID card must

Entry to parks: ID card must

Entry to parks has been subject to the production of identity card, according to the Parks and Horticulture Authority (PHA). Meanwhile, entry to the Greater Iqbal Park has been restricted to families both for Saturday and Sunday. According to the sources,
Published 24 Feb, 2017 12:00am
Tevta, LCWU to hold pottery expo in March

Tevta, LCWU to hold pottery expo in March

Technical Education and Vocational Training Authority (TEVTA) in collaboration with Lahore College for Women University will arrange one-day exhibition of its pottery products during the next month for the awareness of general public. The said decision wa
Published 24 Feb, 2017 12:00am
PITB's PlanX to create over 5,000 jobs by year-end

PITB's PlanX to create over 5,000 jobs by year-end

Punjab Information Technology Board (PITB)'s, PlanX is accelerating an Ed-tech Start-up, "foriEDU.com" which has successfully created more than 500 jobs in the past 18 months that are targeted to increase to over 5000 by the end of 2017.
Published 24 Feb, 2017 12:00am
Polio eradication is one of our top priorities: WGM

Polio eradication is one of our top priorities: WGM

Susanne Rea, Global Team Coordinator of World Greatest Meal (WGM) said that Polio eradication in Pakistan and Afghanistan is one of our top priorities, and as a major supporter of the GPEI, we contribute technical and financial resources to accelerate tar
Published 24 Feb, 2017 12:00am
UNCHR staffer gets threatening letter

UNCHR staffer gets threatening letter

A female staffer of United Nations High Commissioner for Refugees (UNCHR) has received a threatening letter, police said. According to police, a person namely Zamurad Jawad gave life threats to Marie Lucie, an international staff member of UNCHR. The lett
Published 24 Feb, 2017 12:00am
Convenor SAFE working group appointed

Convenor SAFE working group appointed

Asif Aziz Zuberi, CEO AAJ TV, Director, Business Recorder, and Director Employers' Federation of Pakistan was unanimously appointed as Convenor of Working Group on Communication of the South Asian Forum of Employers at the 6th meeting of SAF
Published 24 Feb, 2017 12:00am
Canadian HC condemns terrorist attacks

Canadian HC condemns terrorist attacks

Canadian High Commissioner to Pakistan Perry Calderwood on Thursday condemned the recent terrorist attacks across the country and assured his country's support in eradicating terrorism from the country. Addressing a news conference in connection with cele
Published 24 Feb, 2017 12:00am
No extremist body should be allowed to operate: Imran

No extremist body should be allowed to operate: Imran

While condemning the recent spate of terrorism in the country, Pakistan Tehreek-i-Insaf (PTI) Chairman Imran Khan has said that operation against terrorists should be launched across the country simultaneously in letter and spirit. "No extremist organisat
Published 24 Feb, 2017 12:00am
Korean envoy calls on Shujaat, Elahi

Korean envoy calls on Shujaat, Elahi

Ambassador of South Korea Dong-gu Suh called on PML-Q President Chaudhry Shujaat Hussain and senior central leader Chaudhry Parvez Elahi at their residence on Thursday. During the meeting, mutual relations between the two countries, trade and the situatio
Published 24 Feb, 2017 12:00am
Number of 3G-4G users reaches 38.269 million by end-January 2017

Number of 3G-4G users reaches 38.269 million by end-January 2017

The number of 3G and 4G users in Pakistan reached 38.269 million by end-January 2017 against 37.574 million by December 2016, Pakistan Telecommunication Authority (PTA) report revealed on Thursday. The number of mobile phone users in Pakistan reached 137.
Published 24 Feb, 2017 12:00am
Senate body discusses public petition to protect government pensioners

Senate body discusses public petition to protect government pensioners

A Senate Committee on Delegated Legislation on Thursday discussed a public petition in length to protect rights of the government pensioners and directed officials of Ministry of Finance to amend the relevant rules. A meeting of the committee was held her
Published 24 Feb, 2017 12:00am
Trade suspension at Torkham inflicts heavy losses: traders

Trade suspension at Torkham inflicts heavy losses: traders

Tribal traders and exporters have said that the suspension of all sorts of movement on Pak-Afghan Torkham border has incurred loss of millions of rupees to their businesses as well as national exchequer Local tribesmen associated with various businesses o
Published 24 Feb, 2017 12:00am
SECP approves prospectuses of two new modarabas

SECP approves prospectuses of two new modarabas

The Religious Board constituted by the federal government for the SECP under Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980, has approved the prospectuses of two new modarabas, Habib Metro Modaraba and Orient Rental Modaraba. The
Published 24 Feb, 2017 12:00am
LHCBA polls: LHC directs Rangers' deployment

LHCBA polls: LHC directs Rangers' deployment

The Lahore High Court has forwarded a letter to the home department Punjab for deployment of Rangers to ensure foolproof security during annual election of the Lahore High Court Bar Association (LHCBA) scheduled to be held on February 25. The LHC authorit
Published 24 Feb, 2017 12:00am
Police personnel awarded for showing valour in Tang incident

Police personnel awarded for showing valour in Tang incident

Commandant, Elite Force, Syed Akhtar Ali Shah awarded RRF and Elite Force jawans on exhibiting professional skill, alertness and valour in the Tangi Charsadda incident. A severe encounter took place between Khyber Pakhtunkhwa police and the three suicide
Published 24 Feb, 2017 12:00am
Gas supply: FBR mulling resolving issue of taxability of profits, gains

Gas supply: FBR mulling resolving issue of taxability of profits, gains

The Federal Board of Revenue (FBR) is considering a proposal of Ministry of Petroleum and Natural Resources to resolve the issue of taxability of profits and gains derived from Us gas fields and the tax payable thereon by a supplier of natural gas under I
Published 24 Feb, 2017 12:00am
Telenor and Facebook launch iChamp

Telenor and Facebook launch iChamp

Telenor Pakistan and Facebook have launched the second installment of its knowledge-based initiative Internet Champion - iChamp, which includes a nation-wide competition for school children and a reality show on national TV this year. The launching ceremo
Published 24 Feb, 2017 12:00am
SECP to take strict action against brokers involved in malpractices

SECP to take strict action against brokers involved in malpractices

The SECP Chairman, Zafar Hijazi, has expressed the SECP's firm resolve that strict action would be taken against brokerage houses found involved in malpractices and misuse of client assets. He also said that the SECP is actively coordinating with law enfo
Published 24 Feb, 2017 12:00am
Counter-terrorism drive enters intense phase: Maleeha

Counter-terrorism drive enters intense phase: Maleeha

Pakistan said at the UN that the country has shown the will, capacity and resilience in combating terrorism and that Pakistan's campaign has now entered its most intense phase. Speaking in an informal meeting of the General Assembly on the UN's Global Cou
Published 24 Feb, 2017 12:00am
Pakistan and Turkey agree on close cooperation against terrorism

Pakistan and Turkey agree on close cooperation against terrorism

Prime Minister Muhammad Nawaz Sharif and his Turkish counterpart Binali Yildirim on Thursday expressed resolve to take strict action against terrorism and extremism within their countries and cooperate with each other in this regard. "Pakistan and Turkey
Published 24 Feb, 2017 12:00am
ANF seizes 6.9 tons of drugs, 14 held in 15 operations

ANF seizes 6.9 tons of drugs, 14 held in 15 operations

Anti Narcotics Force Pakistan in 15 operations across the country seized massive quantity of narcotics including 6.625 Ton Hashish, 94 Kg Heroin, 227 Kg Opium, 9.2 Kg Morphine, 760 gram Cocaine and 80 Psychotropic Tablets while arrested 14 persons includi
Published 24 Feb, 2017 12:00am
UNODC launches $70 million programme II for Pakistan

UNODC launches $70 million programme II for Pakistan

The United Nations Office on Drugs and Crime (UNODC) on Thursday presented its 70 million dollars Country Programme II (2016-19) under the title "developing solutions for drugs and related challenges in Pakistan". In December 2016, UNODC in collaboration
Published 24 Feb, 2017 12:00am
Servis joins hands with Total Parco

Servis joins hands with Total Parco

Service Industries Ltd from the past 50 years established itself as a market leading business in shoes and tyres category with successful brands such as Servis Tyres and Servis Shoes under its umbrella, the organization has recently penetrated into the mo
Published 24 Feb, 2017 12:00am
UBL prepaid MasterCard launched in Pakistan

UBL prepaid MasterCard launched in Pakistan

UBL, Pakistan's Best Bank 2016, and MasterCard recently held a joint ceremony for the launch of the first-ever 'UBL Prepaid MasterCard' in Pakistan. True to its progressive and innovative brand attributes, with this launch, UBL becomes the first commercia
Published 24 Feb, 2017 12:00am
Honda Atlas conducts BR-V drive at Bali

Honda Atlas conducts BR-V drive at Bali

Honda Atlas Cars (Pakistan) Limited arranged a test drive event for media officials at Bali Indonesia. It was aimed at giving a true taste and experience of all new BR-V, Pakistan's first locally manufactured midsize 7 seater SUV, to top media officials a
Published 24 Feb, 2017 12:00am
Huge quantity of cellphones seized

Huge quantity of cellphones seized

Model Collectorate of Customs (MCC), Preventive on Thursday claimed to have seized huge quantity of cell phones worth Rs 1.9 million from a passenger arrived from Sharjah. According to details, the passenger namely Mujahid, who arrived from Sharjah via Ai
Published 24 Feb, 2017 12:00am
Businessmen term government's security alerts 'terrifying'

Businessmen term government's security alerts 'terrifying'

Businessmen on Thursday termed the government's security alerts 'terrifying', saying that the advisories circulating on social media had widely disturbed trade and commercial activities in the country. The government's advisories that meant for its securi
Published 24 Feb, 2017 12:00am
HabibMetro Bank posts Rs 10.33 billion profit before tax

HabibMetro Bank posts Rs 10.33 billion profit before tax

In a meeting of Habib Metropolitan Bank's Board of Directors, held on February 22, the financial results of the Bank for the year ended December 31, 2016 were approved. A 30 percent cash dividend of Rs 3 was declared for the year 2016. The Bank posted a p
Published 24 Feb, 2017 12:00am
HabibMetro Bank posts Rs 10.33 billion profit before tax

HabibMetro Bank posts Rs 10.33 billion profit before tax

In a meeting of Habib Metropolitan Bank's Board of Directors, held on February 22, the financial results of the Bank for the year ended December 31, 2016 were approved. A 30 percent cash dividend of Rs 3 was declared for the year 2016. The Bank posted a p
Published 24 Feb, 2017 12:00am
Investors' interests must be ensured in CPEC: UBG

Investors' interests must be ensured in CPEC: UBG

The spokesmen of United Business Group (UBG), Gulzar Feroz, Khalid Tawab, Hanif Gohar, Akram Rajpoot and Dr Shahzad have said that the interests of local investors must be protected in the China-Pakistan Economic Corridor (CPEC). They said that CPEC is th
Published 24 Feb, 2017 12:00am
IDC 2017 concludes

IDC 2017 concludes

Indus Valley School of Art and Architecture (IVS) in collaboration with Kennesaw State University (KSU), Georgia, USA, Organized a four-day International Design Conference (IDC 2017) on "Evolution, Education and Practice in Architecture" that concluded he
Published 24 Feb, 2017 12:00am
Jubilee Life Insurance declares 115 percent final cash dividend

Jubilee Life Insurance declares 115 percent final cash dividend

Jubilee Life Insurance Company Limited announced impressive financial results for the year ended December 31, 2016, recommending a final cash dividend of 115 per cent(Rs 11.50 per share), and a proposed bonus issue in the proportion of 10 (ten) shares for
Published 24 Feb, 2017 12:00am
Jubilee Life Insurance declares 115 percent final cash dividend

Jubilee Life Insurance declares 115 percent final cash dividend

Jubilee Life Insurance Company Limited announced impressive financial results for the year ended December 31, 2016, recommending a final cash dividend of 115 per cent(Rs 11.50 per share), and a proposed bonus issue in the proportion of 10 (ten) shares for
Published 24 Feb, 2017 12:00am
Malaysian CG proposes visa-free regime with Pakistan

Malaysian CG proposes visa-free regime with Pakistan

Consul General of Malaysia, Ismail Mohamad Bkri has stressed on the need to revisit the existing Free Trade Agreement (FTA) because more products and commodities need to be incorporated in the FTA keeping in view the prevailing circumstances.
Published 24 Feb, 2017 12:00am
Partly Facetious: Every Baig still member of PML-N...

Partly Facetious: Every Baig still member of PML-N...

"I am so sorry for you, heard that you were ejected from the inner core of the PML-N... you really must learn to toe the line - second-tier politicians in this country, and that defines all but the First Family in most major political parties, especially
Published 24 Feb, 2017 12:00am
Sanaullah condemns Lahore blast

Sanaullah condemns Lahore blast

Provincial Minister for Law and Parliamentary Affairs, Rana Sanaullah Khan has strongly condemned Defense blast. He said that blast is activity of a handful of cowardly and brutal elements. He expressed sympathies and condolences with the bereaved familie
Published 24 Feb, 2017 12:00am
Ninth Pakistan Energy Forum concludes

Ninth Pakistan Energy Forum concludes

Experts, analysts and prolific speakers in the energy sector of Pakistan have zeroed on government's resolve, innovative ideas, outcome and success of the CPEC, ongoing transnational projects and the recognition of renewable energy as mainstream power tec
Published 24 Feb, 2017 12:00am
PIA reluctant to book 300 sacked employees

PIA reluctant to book 300 sacked employees

After removing more than 300 employees from service, allegedly for having fake degree, Pakistan International Airlines appear reluctant to book them for fraud, it was learnt. According to sources, the national flag carrier removed these employees during t
Published 24 Feb, 2017 12:00am
Land rush around Gwadar port triggered by Chinese investment

Land rush around Gwadar port triggered by Chinese investment

Rreal estate giant Rafi Group made a ten-fold profit last year from its sale of hundreds of acres of land in the remote fishing town of Gwadar, acquired soon after the government announced plans for a deep-sea port there. The windfall came after 12 years
Published 24 Feb, 2017 12:00am
PBA holds orientation Session

PBA holds orientation Session

Ashraf Mehmood Wathra, Governor, State Bank of Pakistan, has said that better corporate governance is a cornerstone of its policy and is a crucial aspect that affects shareholders, depositors and other stakeholders. He was addressing an orientation sessio
Published 24 Feb, 2017 12:00am
Industries' shutdown if SEPA notices not withdrawn

Industries' shutdown if SEPA notices not withdrawn

All seven industrial associations of Karachi announced today (Thursday) they would shut down the industries if the notices issued to them by the Sindh Environment Protection Agency (SEPA) are not withdrawn in 10 days.
Published 24 Feb, 2017 12:00am
Reforms in health sector yielding positive results: Shahbaz

Reforms in health sector yielding positive results: Shahbaz

Progress on the health reforms roadmap was discussed in a three-hour-long meeting presided by Punjab Chief Minister Shehbaz Sharif on Thursday. Addressing the meeting, Shehbaz Sharif said reforms introduced by the Punjab government in the health sector ar
Published 24 Feb, 2017 12:00am
CEO Airlink Communication among blast victims

CEO Airlink Communication among blast victims

Chief Executive Officer of Airlink Communication Moazzam Paracha, a leading distributor of Huawei and Samsung smart phones in Pakistan, was killed in bomb blast in Defence Housing Authority, Lahore, on Thursday. He owned the restaurant and was visiting th
Published 24 Feb, 2017 12:00am
PSMA seeks two-month extension in sugar export

PSMA seeks two-month extension in sugar export

The sugar manufacturers have sought two month extension in validity of the period of sugar exports due to expire on March 31, 2017. Sources toldBusiness Recorder that the Pakistan Sugar Mills Associations (PSMA) has written a letter to the Ministry
Published 24 Feb, 2017 12:00am
PSDP: NA body approves 38 uplift schemes for Fata

PSDP: NA body approves 38 uplift schemes for Fata

The National Assembly Standing Committee on States and Frontier Regions (SAFRON) on Thursday approved in principle 38 development projects under the Public Sector Development Programme (PSDP) for financial year 2017-18 for Federally Administered Tribal Ar
Published 24 Feb, 2017 12:00am
Panamagate case: PTI, JI and AML pin high hopes on SC decision

Panamagate case: PTI, JI and AML pin high hopes on SC decision

Pakistan Tehreek-e-Insaf (PTI), Jamaat-e-Islami (JI) and Awami Muslim League (AML) on Thursday pinned high hopes on the Supreme Court, saying upcoming decision in the historic Panama Leaks case will expose ruling Pakistan Muslim League-Nawaz (PML-N) and s
Published 24 Feb, 2017 12:00am
Shahbaz condemns Lahore blast

Shahbaz condemns Lahore blast

Punjab Chief Minister Muhammad Shehbaz Sharif here Thursday has condemned in strongest possible terms the explosion in the Defence area of Lahore and expressed his heartfelt grief and sorrow over the loss of the lives. He directed the health authorities t
Published 24 Feb, 2017 12:00am
Panamagate case: stringent security arrangements made

Panamagate case: stringent security arrangements made

Additional security measures were seen, here on Thursday as more manpower was deployed and stringent checking was done to help tackle any probable law and order situation over expectation of important decision in Panama case hearing at the Supreme Court a
Published 24 Feb, 2017 12:00am
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