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Oct 12, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-03-01
Abid lauds NTDC for setting up grid station

Abid lauds NTDC for setting up grid station

Minister of State for Water and Power Chaudhry Abid Sher Ali has appreciated the NTDC for construction of 220 kV grid station Chishtian along with 88 km transmission line. He was speaking after inaugurating the grid station today at Chishtian near Bahawal
Published 01 Mar, 2017 12:00am
Payment pending to IPPs spikes to Rs 439 billion

Payment pending to IPPs spikes to Rs 439 billion

Payment pending to the Independent Power Producers (IPPs) has reached to Rs 439 billion as on February 15th, said sources. It may be noted that the government was applauded for clearing Rs 480 billion circular debt when it came into power in 2013, but it
Published 01 Mar, 2017 12:00am
Miftah for further improving indicators of doing business

Miftah for further improving indicators of doing business

Special Assistant to the Prime Minister Dr Miftah Ismail said on Tuesday that the World Bank in its report "Doing Business 2017" has listed Pakistan among the 10 economies which made biggest improvements in their business regulations. While speaking at a
Published 01 Mar, 2017 12:00am
Seminar

Seminar

Punjab University Centre for South Asian Studies (CSAS) organised a seminar on "Pakistan-India Relations and their Impact on Asian Countries" at its Auditorium on Tuesday. Speaker Legislative Assembly of Azad Kashmir, Shah Ghulam Qadir was the key note sp
Published 01 Mar, 2017 12:00am
Tevta trains 4,000 youths as security guard

Tevta trains 4,000 youths as security guard

Technical Education and Vocational Training Authority (TEVTA) has successfully trained a number of 4000 unemployed youth as security guard under free training program. TEVTA will train a total of 18000 unemployed youth as security guard during the year. I
Published 01 Mar, 2017 12:00am
Pakhtun delegation meets CM Punjab

Pakhtun delegation meets CM Punjab

The Pakhtuns enjoyed complete right to reside in Punjab, and the allegations being levelled in Khyber Pakhtunkhwa (KP) and Sindh of their victimisation was only an attempt to 'spread hatred'. The Law Minister of Punjab Rana Sanaullah said expressed these
Published 01 Mar, 2017 12:00am
Cash-crunch textile industry seeks government's intervention

Cash-crunch textile industry seeks government's intervention

Extreme cash flow crunch and high energy prices are hampering the export growth and adversely impacting the industry. Exports are falling consistently both in value and quantities; Government's immediate intervention is solicited to check the drastic down
Published 01 Mar, 2017 12:00am
Mayor presents Rs 7.422 billion LMC budget

Mayor presents Rs 7.422 billion LMC budget

Lahore Lord Mayor Colonel Mubashir Javed (retd) presented an interim budget of Rs 7.422 billion at the Lahore Metropolitan Corporation (LMC) for remaining two quarters of the current fiscal year on Tuesday. The budget session was convened by Deputy Mayor
Published 01 Mar, 2017 12:00am
PPL shareholders approve 35 percent cash dividend

PPL shareholders approve 35 percent cash dividend

The 65th Annual General Meeting of Pakistan Petroleum Limited (PPL) was held on Tuesday at local hotel, Karachi. The members approved the financial statements for the fiscal year ended June 30, 2016 together with the auditor's report thereon as well as a
Published 01 Mar, 2017 12:00am
India involved in acts of terrorism in Pakistan: Zardari

India involved in acts of terrorism in Pakistan: Zardari

Former president and Chairman of PPP Parliamentarian Asif Ali Zardari on Tuesday said that the Prime Minister has failed to bring to the notice of international powers and forces the big insurgency by India against Pakistan through Afghanistan. Talking to
Published 01 Mar, 2017 12:00am
Nokia launches new smartphones

Nokia launches new smartphones

HMD Global, the home of Nokia phones on Tuesday unveiled a new generation of Nokia smartphones, setting a new standard in design, quality and user experience throughout the range. The highly anticipated global portfolio features three new smartphones - th
Published 01 Mar, 2017 12:00am
Nokia launches new smartphones

Nokia launches new smartphones

HMD Global, the home of Nokia phones on Tuesday unveiled a new generation of Nokia smartphones, setting a new standard in design, quality and user experience throughout the range. The highly anticipated global portfolio features three new smartphones - th
Published 01 Mar, 2017 12:00am
Asim named FPCCI body chairman

Asim named FPCCI body chairman

The President Pakistan Federation of Chambers of Commerce and Industry (FPCCI), Zubair Tufail has appointed Asim Siddiqui as Chairman Standing Committee on Railways for the term 2017. Asim has been asked to select eight professionals to be opted as member
Published 01 Mar, 2017 12:00am
JI launches fund-raising campaign

JI launches fund-raising campaign

Jamaat-e-Islami (JI) Pakistan has announced to initiate the "Prosperous Pakistan Fund Campaign" from 1st to 15th March 2017 all across the country against corruption and for the enforcement of fair Islamic system. Secretary General Jamaat-e-Islami Women's
Published 01 Mar, 2017 12:00am
July-January textile machinery import up by 16.13 percent

July-January textile machinery import up by 16.13 percent

The country's import textile machinery grew to $306.609 million in July-January 2017, up by 16.13 percent, official figures say. Increase in textile machinery import now stands at $ 42.576 million in July-January 2017 from $264.033 million in July-January
Published 01 Mar, 2017 12:00am
Gujranwala's industrial potential explained
Cotton

Gujranwala's industrial potential explained

The president of Pakistan Businessmen's and Intellectuals Forum, Mian Zahid Hussain, has demanded that the wide gap between the government and the Small and Medium Enterprises (SMEs) should be bridged to benefit from the true potential of the Gujranwala.
Published 01 Mar, 2017 12:00am
Exporters expect up to 10,000 tons of kinnow export to Iran

Exporters expect up to 10,000 tons of kinnow export to Iran

Fruit exporters have welcomed the Iran's decision of lifting ban on import of Pakistani kinnow and expecting a maximum of 10,000 tons of kinnow export during this season. After a gap of almost six year, Iran has lifted ban on imports of kinnow from Pakist
Published 01 Mar, 2017 12:00am
High energy cost hampers growth of textile industry: APTMA

High energy cost hampers growth of textile industry: APTMA

Appreciating the federal government's Rs 180 billion Export Package, All Pakistan Textile Mills Association (APTMA) has complained that the soaring energy cost is hampering the growth of textile industry that remains unable to pass it on to the internatio
Published 01 Mar, 2017 12:00am
Heroin worth Rs 6.5 million seized

Heroin worth Rs 6.5 million seized

Model Customs Collectorate (MCC), Preventive on Tuesday claimed to have confiscated substantial quantity of heroin worth Rs 6.5 million from Saudi Arabia-bound passenger. According to details, the Preventive staff posted at Jinnah International Airport (J
Published 01 Mar, 2017 12:00am
Partly Facetious: PSL final in Lahore!

Partly Facetious: PSL final in Lahore!

"The Pakistan Super League (PSL) final would be in Lahore....isn't that great. And need I add the final decision was taken, I have it on good authority, by none other than the Prime Minister himself who may attend the match as it would be on a Sunday and
Published 01 Mar, 2017 12:00am
PU continues to benefit from retired teachers: registrar

PU continues to benefit from retired teachers: registrar

Punjab University Registrar Professor Dr Naeem Khan has said that PU would continue to benefit from the experience and services of senior retired professors appointed as professor emeritus. In a press statement, Dr Naeem Khan said that in recognition of s
Published 01 Mar, 2017 12:00am
CCP holds seminars at UoP, SBBWU Peshawar

CCP holds seminars at UoP, SBBWU Peshawar

As part of the Competition Advocacy Academia Drive, the Competition Commission of Pakistan (CCP) initiated the second leg by holding seminars at the Peshawar University (UoP) and Shaheed Benazir Bhutto Women's University SBBWU Peshawar, which were partici
Published 01 Mar, 2017 12:00am
CPEC to bring economic prosperity: VC PU

CPEC to bring economic prosperity: VC PU

Vice Chancellor University of Peshawar Professor Dr Muhammad Abid while underlining the importance of China-Pak Economic Corridor (CPEC) has said that being a game changer for the entire region, this project will bring peace, economic prosperity and polit
Published 01 Mar, 2017 12:00am
Friendship with China is cornerstone of foreign policy: Fatemi

Friendship with China is cornerstone of foreign policy: Fatemi

Special Assistant to the Prime Minister on Foreign Affairs, Syed Tariq Fatemi on Tuesday reiterated that Pakistan and China were iron brothers and friendship with China is the corner stone of Pakistan's foreign policy. According to Foreign Office, he was
Published 01 Mar, 2017 12:00am
Musharraf begins TV career as analyst

Musharraf begins TV career as analyst

Pakistan's former military ruler, retired general Pervez Musharraf, has launched a career as a political analyst on a weekly television talk show, a prominent role for the ex-leader who lives in Dubai and faces several criminal cases at home. The show, "P
Published 01 Mar, 2017 12:00am
Formal trading of Roshan Packages Limited begins at PSX

Formal trading of Roshan Packages Limited begins at PSX

The formal trading of Roshan Packages Limited (RPL) has started on Pakistan Stock Exchange on Tuesday. On this occasion, a ceremony was organised at the main trading hall of PSX. The Chief Executive Officer of RPL Tayyab Aijaz Qureshi rang the traditional
Published 01 Mar, 2017 12:00am
Next three decades decisive for education: VC

Next three decades decisive for education: VC

Vice chancellor of Lahore University of Management Sciences (LUMS) Dr Sohail Naqvi has said that next three decades will be decisive for education in Pakistan. He expressed these views at a ceremony held to mark the LUMS three decades of excellence at the
Published 01 Mar, 2017 12:00am
PPPP rejects increase in petroleum prices

PPPP rejects increase in petroleum prices

Former Finance Minister and PPPP Senator Salim Mandviwala rejecting increase in petroleum prices by Nawaz government said that PML-N government has failed in collecting revenue and now increasing petroleum prices every fortnightly to fill in the shortfall
Published 01 Mar, 2017 12:00am
FCCI body slams FBR tactics

FCCI body slams FBR tactics

The Executive Committee of the Faisalabad Chamber of Commerce and Industry (FCCI) has condemned the unnecessary tactics employed by tax authorities to harass the existing taxpayers instead of exploring new taxpayers. The executive committee meeting was he
Published 01 Mar, 2017 12:00am
Government warned against handing over of schools to Turkish NGO

Government warned against handing over of schools to Turkish NGO

Parents of students of Pak-Turk International schools and colleges have warned the government to protest along with teachers and students against handing over the education system to Turkish non-profit organisation (NGO). Speaking at a news conference at
Published 01 Mar, 2017 12:00am
Combing operations not against any province: Shahbaz

Combing operations not against any province: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Pakistan is all of us and Khyber Pakhtunkhwa, Balochistan, Sindh and Punjab are its units. He said that imagination of Pakistan is impossible without all the four provinces and Azad Kashmir and G
Published 01 Mar, 2017 12:00am
FBR fails to post officers promoted against 5 upgraded posts

FBR fails to post officers promoted against 5 upgraded posts

The Federal Board of Revenue (FBR) has failed to appoint the officers promoted against five upgraded posts from BS-21 to BS-22 and the whole exercise has turned into grabbing perks and privileges at the cost of taxpayer money, said sources while requestin
Published 01 Mar, 2017 12:00am
'Hotel Eye' identifies 2,279 suspects in 14 months

'Hotel Eye' identifies 2,279 suspects in 14 months

The Punjab Police has successfully identified 2279 suspects through Punjab Information Technology Board (PITB)'s Hotel Eye application, since its formal launch in January 2016. Hotel Eye is a web based system built by PITB for Punjab Police to log the che
Published 01 Mar, 2017 12:00am
Five development schemes worth Rs 5890.091 million approved

Five development schemes worth Rs 5890.091 million approved

The Punjab Provincial Development Working Party approved five development schemes of various sectors with an estimated cost of Rs 5890.091 million. These schemes were approved in the 57th meeting of Provincial Development Working Party (PDWP) of current f
Published 01 Mar, 2017 12:00am
Dar, CoAS discuss budget requirements of army

Dar, CoAS discuss budget requirements of army

A meeting was held between Minister for Finance Senator Ishaq Dar and Chief of Army Staff General Qamar Javed Bajwa, at the GHQ, Rawalpindi, on Tuesday. The financial requirements of Pakistan Army were discussed during the meeting, in the context of the b
Published 01 Mar, 2017 12:00am
Security tightens in Islamabad ahead of moot

Security tightens in Islamabad ahead of moot

Security has been put on red alert in the federal capital in view of the 13th Economic Co-operation Organisation (ECO) Summit being held in the city today (Wednesday). The strict security measures are being taken by the law enforcement agencies (LEAs) to
Published 01 Mar, 2017 12:00am
Leaders arrive in Islamabad to attend ECO Summit

Leaders arrive in Islamabad to attend ECO Summit

Almost all heads of states and governments of the member countries of Economic Co-operation Organisation (ECO) reached here on Tuesday to attend the 13th ECO Summit to be held today (Wednesday). President of Azerbaijan Ilham Aliyev was the first foreign d
Published 01 Mar, 2017 12:00am
Media urged to produce research-based stories

Media urged to produce research-based stories

Media plays a key role in the democratic societies as it builds public opinion and acts as a watchdog and hence the media persons are required to produce research-based and factual news stories, said Ambassador of Denmark, Ole Thonke, here on Tuesday. Spe
Published 01 Mar, 2017 12:00am
Marriyam terms Imran as 'Bal Thackeray of Pakistan'

Marriyam terms Imran as 'Bal Thackeray of Pakistan'

After the announcement of hosting Pakistan Super League (PSL) final in Lahore was made by the Punjab government, Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan's stance over the decision has spread a wave of anger among the government's ministers.
Published 01 Mar, 2017 12:00am
PTI hints at participating in PPPP conference

PTI hints at participating in PPPP conference

Despite agreeing on extension of two years in tenure of military courts, Pakistan Tehreek-e-Insaf (PTI) Tuesday hinted at participating in the multi-party conference being organised by Pakistan People's Party Parliamentarians (PPPP) on revival of military
Published 01 Mar, 2017 12:00am
Political parties except PPP agree over military courts' extension

Political parties except PPP agree over military courts' extension

Major political parties except Pakistan Peoples Party Parliamentarians (PPPP) on Tuesday reached a consensus on giving a two-year extension to the tenure of military courts to try hardcore terrorists. The consensus was developed at a meeting of the parlia
Published 01 Mar, 2017 12:00am
SC asks ECP, Nadra to submit report on OP voting mechanism

SC asks ECP, Nadra to submit report on OP voting mechanism

The Supreme Court on Tuesday asked Election Commission of Pakistan (ECP) and National Database and Registration Authority (NADRA) to submit report pertaining to reasons behind non-compliance with its directions for devising a voting mechanism for Overseas
Published 01 Mar, 2017 12:00am
FIA questions Nadra chairman

FIA questions Nadra chairman

Chairman National Database and Registration Authority (NADRA) Usman Mobin appeared before the Federal Investigation Agency (FIA) team on Tuesday probing the case of embezzlement in renting of building for the authority at exorbitant rent. Sources told tha
Published 01 Mar, 2017 12:00am
Oil prices slip as rising US supplies offset OPEC cuts

Oil prices slip as rising US supplies offset OPEC cuts

Oil prices slipped on Tuesday but continued to trade in a tight range, as concerns about rising US crude inventories ahead of data overshadowed OPEC production cuts. US crude stockpiles have been rising for seven consecutive weeks, and forecasts of an eig
Published 01 Mar, 2017 12:00am
Russophobic face

Russophobic face

This is apropos a Business Recorder op-ed "Trump's Russia reset on hold as White House adds anti-Moscow hawks" carried by the newspaper on Sunday. According to it, President Donald Trump came to the White House promising a radical reset of US-Russi
Published 01 Mar, 2017 12:00am
Europe left exposed by demise of Anglo-German exchange merger

Europe left exposed by demise of Anglo-German exchange merger

The European Union could be left with no exchange big enough to compete with US rivals and no trading link into Britain if it allows the London Stock Exchange and Deutsche Boerse merger to die. Although the Anglo-German tie-up is awaiting formal EU regula
Published 01 Mar, 2017 12:00am
The conundrum of single bid - II

The conundrum of single bid - II

The issue is not simple. It is not always easy to determine the right price without competition. In fact, in quite a few cases, competition is employed only to discover price. Cost can be determined if expertise is available, which is usually not availabl
Published 01 Mar, 2017 12:00am
Pakistan: A culture of defeat

Pakistan: A culture of defeat

What has culture to do with the economy? Everything, according to Joel Mokyr, an eminent economic historian. Mokyr defines "culture" in his book (A Culture of Growth: The Origins of the Modern Economy) as "a set of beliefs, values, and preferences, capabl
Published 01 Mar, 2017 12:00am
Islamabad loses its grandeur

Islamabad loses its grandeur

That thinking of conceivers and designers of the nation's capital, Islamabad, has forfeited its idealism so early in the life of the new city is an unsavoury but stark reality. This has happened not without the connivance of the very organisation that was
Published 01 Mar, 2017 12:00am
New gas connections in spite of moratorium

New gas connections in spite of moratorium

A petition filed by Advocate Jahangir Jadoon in the Islamabad High Court contains three extremely disturbing contentions. First and foremost, that Prime Minister Nawaz Sharif, like his predecessors including Yousaf Raza Gilani and Raja Pervez Ashraf, ackn
Published 01 Mar, 2017 12:00am
LHC judge resigns

LHC judge resigns

A judge of the Lahore High Court, Mazhar Iqbal Sidhu, has resigned from his office owing to some 'personal' reasons. He has sent his resignation to the President of Pakistan on Tuesday. He was on 10th number in seniority and was scheduled to become Chief
Published 01 Mar, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (February 28, 2017) and the forecast for Wednesday (February 29, 2017).

Published 01 Mar, 2017 12:00am
LHC judge resigns

LHC judge resigns

A judge of the Lahore High Court, Mazhar Iqbal Sidhu, has resigned from his office owing to some 'personal' reasons. He has sent his resignation to the President of Pakistan on Tuesday. He was on 10th number in seniority and was scheduled to become Chief
Published 01 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (February 28, 2017).

Published 01 Mar, 2017 12:00am
FARC rebels to start disarming today

FARC rebels to start disarming today

Colombia's FARC rebels will begin disarming Wednesday, their leaders and the government said, the culmination of a peace process to end half a century of conflict. After weeks of mustering its troops at designated disarmament zones, the FARC will start to
Published 01 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 01 Mar, 2017 12:00am
July-February 2016-17: Rs 161 billion shortfall in collection

July-February 2016-17: Rs 161 billion shortfall in collection

The Federal Board of Revenue (FBR) has provisionally collected Rs 1,915 billion during July-February (2016-17) against target of Rs 2,076 billion, reflecting a shortfall of Rs 161 billion. According to sources, the FBR has provisionally collected Rs 227 b
Published 01 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 01 Mar, 2017 12:00am
Prime Minister, Erdogan discuss strategic partnership

Prime Minister, Erdogan discuss strategic partnership

A meeting was held Tuesday between Prime Minister and the Turkish President Recep Tayyip Erdogan who arrived in Islamabad Tuesday evening to attend the 13 session of the ECO Summit. While discussing bilateral relations, the two leaders expressed satisfact
Published 01 Mar, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (February 28, 2017).

Published 01 Mar, 2017 12:00am
Shahbaz approves 'Khadim-e-Punjab Ujala Program'

Shahbaz approves 'Khadim-e-Punjab Ujala Program'

Punjab Chief Minister Muhammad Shahbaz Sharif has accorded approval to Khadim-e-Punjab Ujala Program under which ten thousands schools of the province will be shifted to solar panels. The decision was made in a meeting presided over by Chief Minister here
Published 01 Mar, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (February 28, 2017)

Published 01 Mar, 2017 12:00am
Taliban kill 12 Afghan police with silenced weapons

Taliban kill 12 Afghan police with silenced weapons

Taliban fighters in the southern Afghan province of Helmand attacked a checkpoint with silenced weapons and hand grenades early on Tuesday killing 12 policemen and stealing weapons and ammunition, officials said. But a provincial official said that it cou
Published 01 Mar, 2017 12:00am
Taliban kill 12 Afghan police with silenced weapons

Taliban kill 12 Afghan police with silenced weapons

Taliban fighters in the southern Afghan province of Helmand attacked a checkpoint with silenced weapons and hand grenades early on Tuesday killing 12 policemen and stealing weapons and ammunition, officials said. But a provincial official said that it cou
Published 01 Mar, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (February 28, 2017).

Published 01 Mar, 2017 12:00am
SECP chief vows full compensation to small investors

SECP chief vows full compensation to small investors

Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi has categorically said the SECP is thoroughly investigating the affairs of the 5 to 6 brokerage houses, that have overexposed their investments. Chairman SECP Zafar Hijazi, Chairm
Published 01 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 28, 2017).

Published 01 Mar, 2017 12:00am
SECP chief vows full compensation to small investors

SECP chief vows full compensation to small investors

Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi has categorically said the SECP is thoroughly investigating the affairs of the 5 to 6 brokerage houses, that have overexposed their investments. Chairman SECP Zafar Hijazi, Chairm
Published 01 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 28, 2017).

Published 01 Mar, 2017 12:00am
SECP chief vows full compensation to small investors

SECP chief vows full compensation to small investors

Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi has categorically said the SECP is thoroughly investigating the affairs of the 5 to 6 brokerage houses, that have overexposed their investments. Chairman SECP Zafar Hijazi, Chairm
Published 01 Mar, 2017 12:00am
Red Warrant approved for Brahamdagh

Red Warrant approved for Brahamdagh

Ministry of Interior on Tuesday approved issuance of red warrant for self-exiled Baloch separatist leader Brahamdagh Bugti. Official sources said the Interior Ministry approved the issuance of red warrant over Bugti's involvement in different cases, inclu
Published 01 Mar, 2017 12:00am
Red Warrant approved for Brahamdagh

Red Warrant approved for Brahamdagh

Ministry of Interior on Tuesday approved issuance of red warrant for self-exiled Baloch separatist leader Brahamdagh Bugti. Official sources said the Interior Ministry approved the issuance of red warrant over Bugti's involvement in different cases, inclu
Published 01 Mar, 2017 12:00am
THE RUPEE: no change
Currency

THE RUPEE: no change

The rupee did not show any change in relation to the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee held its overnight levels in terms of the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively,
Published 01 Mar, 2017 12:00am
Russia, China veto UN resolution on Syria sanctions

Russia, China veto UN resolution on Syria sanctions

Russia and China on Tuesday vetoed a UN resolution backed by Western powers that would have imposed sanctions on Syria over chemical weapons use. The measure drafted by Britain, France and the United States won nine votes in favour at the Security Council
Published 01 Mar, 2017 12:00am
THE RUPEE: no change
Currency

THE RUPEE: no change

The rupee did not show any change in relation to the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee held its overnight levels in terms of the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively,
Published 01 Mar, 2017 12:00am
Russia, China veto UN resolution on Syria sanctions

Russia, China veto UN resolution on Syria sanctions

Russia and China on Tuesday vetoed a UN resolution backed by Western powers that would have imposed sanctions on Syria over chemical weapons use. The measure drafted by Britain, France and the United States won nine votes in favour at the Security Council
Published 01 Mar, 2017 12:00am
Asia must spend $26 trillion on infrastructure by 2030: ADB

Asia must spend $26 trillion on infrastructure by 2030: ADB

Asian nations must spend $26 trillion by 2030 on infrastructure to battle poverty, boost economic growth and fight climate change, the Asian Development Bank warned on Tuesday. In its "Meeting Asia''s infrastructure needs" report, the lender said governme
Published 01 Mar, 2017 12:00am
Asia must spend $26 trillion on infrastructure by 2030: ADB

Asia must spend $26 trillion on infrastructure by 2030: ADB

Asian nations must spend $26 trillion by 2030 on infrastructure to battle poverty, boost economic growth and fight climate change, the Asian Development Bank warned on Tuesday. In its "Meeting Asia's infrastructure needs" report, the lender said governmen
Published 01 Mar, 2017 12:00am
Asia must spend $26 trillion on infrastructure by 2030: ADB

Asia must spend $26 trillion on infrastructure by 2030: ADB

Asian nations must spend $26 trillion by 2030 on infrastructure to battle poverty, boost economic growth and fight climate change, the Asian Development Bank warned on Tuesday. In its "Meeting Asia's infrastructure needs" report, the lender said governmen
Published 01 Mar, 2017 12:00am
Radd-ul-Fasaad has no timeline: DG ISPR

Radd-ul-Fasaad has no timeline: DG ISPR

Director General Inter Services Public Relations (ISPR) Major-General Asif Ghafoor Tuesday said Operation Radd-ul-Fasaad achieved positive results and army will continue its role to provide security in the country with the assistance of other institutions
Published 01 Mar, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Monday (February 27, 2017).

Published 01 Mar, 2017 12:00am
Prime Minister, Azerbaijan President meet

Prime Minister, Azerbaijan President meet

On the sidelines of 13th ECO Summit in Islamabad, a meeting was held between Prime Minister Nawaz Sharif and Ilham Aliyev, President of Azerbaijan, on Tuesday at the PM House. The Prime Minister warmly welcomed President Ilham Aliyev to the 13th ECO Summi
Published 01 Mar, 2017 12:00am
Prime Minister, Azerbaijan President meet

Prime Minister, Azerbaijan President meet

On the sidelines of 13th ECO Summit in Islamabad, a meeting was held between Prime Minister Nawaz Sharif and Ilham Aliyev, President of Azerbaijan, on Tuesday at the PM House. The Prime Minister warmly welcomed President Ilham Aliyev to the 13th ECO Summi
Published 01 Mar, 2017 12:00am
Finance account positive because of CPEC

Finance account positive because of CPEC

The government may borrow from international market through issuance of bonds for repayment of already foreign borrowing of US $6.5 billion, including commercial loans of $858 million, becoming due from February 2017 to June 2018. Secretary Finance Tariq
Published 01 Mar, 2017 12:00am
Finance account positive because of CPEC

Finance account positive because of CPEC

The government may borrow from international market through issuance of bonds for repayment of already foreign borrowing of US $6.5 billion, including commercial loans of $858 million, becoming due from February 2017 to June 2018. Secretary Finance Tariq
Published 01 Mar, 2017 12:00am
Finance account positive because of CPEC

Finance account positive because of CPEC

The government may borrow from international market through issuance of bonds for repayment of already foreign borrowing of US $6.5 billion, including commercial loans of $858 million, becoming due from February 2017 to June 2018. Secretary Finance Tariq
Published 01 Mar, 2017 12:00am
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