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Oct 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-03-18
Neymar hails multi-million euro tax victory

Neymar hails multi-million euro tax victory

Barcelona superstar Neymar claimed "a great victory" on Thursday after seeing a 50 million euro fine imposed by Brazilian tax authorities reportedly halved on appeal. Neymar, who has also been fighting a legal battle over his transfer from Santos to Barce
Published 18 Mar, 2017 12:00am
Woman to coach Italian men for first time

Woman to coach Italian men for first time

In a footballing first a woman will coach a male outfit in Italy when former player Patrizia Panico takes the helm of the national under-16 team. Rated the best female footballer from Italy, Panico is assistant for the under-16s but the head coach Daniele
Published 18 Mar, 2017 12:00am
De Kock's aggression pays off for South Africa

De Kock's aggression pays off for South Africa

Quinton de Kock's game-changing partnership with Temba Bavuma left South Africa feeling comfortable with an 81-run lead after day two of the second Test against New Zealand in Wellington on Friday. At 349 for nine at stumps in reply to New Zealand's 268 a
Published 18 Mar, 2017 12:00am
Matloob, Shabbir leads in Punjab Open Golf

Matloob, Shabbir leads in Punjab Open Golf

At the conclusion of the first 18 holes of this three rounds 54 holes 36th Punjab Open Golf Championship, Matloob Ahmed of Lahore Garrison played superbly enough to gross an impressive 3 under par score of 69 while a similar score of 69 was also achieved
Published 18 Mar, 2017 12:00am
Chaman and Sibi qualify for final round of PPL Balochistan Football

Chaman and Sibi qualify for final round of PPL Balochistan Football

Chaman and Sibi have qualified for the final round of the PPL Balochistan Football Cup 2017 on the seventh day of the tournament. In one of the most interesting matches of the qualifying round in district Kalat, Kharan defeated Lasbela with 1-0.
Published 18 Mar, 2017 12:00am
India reply strongly after Smith's epic knock

India reply strongly after Smith's epic knock

Allrounder Glenn Maxwell hailed his "awesome" skipper Steve Smith after the duo's 191-run partnership helped Australia post a formidable first innings total against India in the third Test in Ranchi Friday. Maxwell, returning to the five-day side after ne
Published 18 Mar, 2017 12:00am
Organisers cancel pro-Turkish Rotterdam rally

Organisers cancel pro-Turkish Rotterdam rally

Organisers cancelled a pro-Turkish rally in Rotterdam on Friday that had been called to protest against Dutch police who used horses, dogs and water cannon to break up a demonstration last weekend. "The organisers have cancelled the demonstration," the Ro
Published 18 Mar, 2017 12:00am
Have five kids not three, Erdogan tells Turks in Europe

Have five kids not three, Erdogan tells Turks in Europe

President Recep Tayyip Erdogan on Friday urged Turks resident in Europe to have five children, telling the millions strong diaspora community "you are Europe's future." Turkey and Europe are locked in a bitter spat after Germany and the Netherlands blocke
Published 18 Mar, 2017 12:00am
More than 40 refugees dead in attack on boat off Yemen

More than 40 refugees dead in attack on boat off Yemen

More than 40 people including women and children have been shot dead aboard a boat carrying Somali refugees in the Red Sea off war-torn Yemen, officials said on Friday. It was not immediately clear who was behind the attack. The refugees were hit by light
Published 18 Mar, 2017 12:00am
Trump welcomes Merkel to White House

Trump welcomes Merkel to White House

President Donald Trump greeted Germany's Angela Merkel with a handshake at the White House Friday - a cordial start to difficult talks between long-time allies who now differ on a host of issues from immigration to Nato. The veteran chancellor arrived at
Published 18 Mar, 2017 12:00am
UK raps White House over 'ridiculous' Trump spy claims

UK raps White House over 'ridiculous' Trump spy claims

The White House will not repeat again claims that British spies snooped on Donald Trump, Britain said Friday after the UK eavesdropping agency branded them "utterly ridiculous" in a rare public denial. British Prime Minister Theresa May's spokesman reiter
Published 18 Mar, 2017 12:00am
Morocco king names new premier

Morocco king names new premier

Morocco's king on Friday appointed a new prime minister to end a political deadlock that left the North African country without a government for five months, the royal court said. King Mohammed VI named Saad-Eddine El Othmani, a former foreign minister wh
Published 18 Mar, 2017 12:00am
UN official says quitting over 'Israel apartheid' report

UN official says quitting over 'Israel apartheid' report

Jordanian UN official Rima Khalaf announced her resignation Friday, saying the secretary general had asked her to withdraw a report in which she accused Israel of being an "apartheid state". Khalaf, under-secretary general and executive secretary at the U
Published 18 Mar, 2017 12:00am
South Sudan buys weapons amid famine: UN report

South Sudan buys weapons amid famine: UN report

South Sudan's government is spending its oil revenue on weapons as the country descends into a famine largely caused by Juba's military operations, according to a confidential UN report. The report seen by AFP on Friday calls for an arms embargo on South
Published 18 Mar, 2017 12:00am
Israeli warplanes hit targets in Syria

Israeli warplanes hit targets in Syria

Israeli warplanes struck several targets in Syria early Friday, prompting retaliatory missiles launches, in the most serious incident between the two countries since the Syrian civil war began six years ago. Syria's military said it had downed an Israeli
Published 18 Mar, 2017 12:00am
US claims Syria strike, denies hitting mosque where 46 killed

US claims Syria strike, denies hitting mosque where 46 killed

The US said it carried out an air strike in Syria against an Al-Qaeda meeting but denied hitting a mosque where a monitor said on Friday 46 people were killed. The Syrian Observatory for Human Rights said most of the dead in the Thursday evening raid on t
Published 18 Mar, 2017 12:00am
Japan holds first North Korea missile evacuation drill

Japan holds first North Korea missile evacuation drill

Dozens of people from a Japanese coastal city took part in the country's first evacuation drill of a missile attack Friday, as regional tensions soar over accelerating North Korean threats. The exercise in the city of Oga came less than two weeks after th
Published 18 Mar, 2017 12:00am
Military action against North Korea an 'option', says Tillerson

Military action against North Korea an 'option', says Tillerson

Military action by the United States against nuclear-armed North Korea is an "option on the table" if the threat from the rogue regime escalates, Washington's top diplomat Rex Tillerson said Friday. The strong comments from the secretary of state, in Asia
Published 18 Mar, 2017 12:00am
'More heavy borrowings on the cards': clarification
Cotton

'More heavy borrowings on the cards': clarification

This is with reference to the editorial in Business Recorder, "More heavy borrowings on the cards" published on 6th March. Certain clarifications in regard to this editorial are given below by Finance Division's Debt Policy Co-ordination Office:
Published 18 Mar, 2017 12:00am
'More heavy borrowings on the cards': clarification
Cotton

'More heavy borrowings on the cards': clarification

This is with reference to the editorial in Business Recorder, "More heavy borrowings on the cards" published on 6th March. Certain clarifications in regard to this editorial are given below by Finance Division's Debt Policy Co-ordination Office:
Published 18 Mar, 2017 12:00am
Clarification

Clarification

This is apropos a concerned by Business Recorder in its publication of 15th March, 2017 on the alleged confusion regarding the continuity in job of Mr. S.M Muneer as Chief Executive, TDAP refers. "With only 3 exceptions, the TDAP has always been he
Published 18 Mar, 2017 12:00am
Lahore mayor discusses urban issues with Illinois officials

Lahore mayor discusses urban issues with Illinois officials

Lahore Mayor Mubashar Javed met his counterparts from Illinois villages of Bolingbrook and Burr Ride and exchanged views with them on matters relating to urban planning and development. He also had a meeting with Illinois Secretary of State Jesse White an
Published 18 Mar, 2017 12:00am
Price increase: Ogra rejects claims of two LPG companies

Price increase: Ogra rejects claims of two LPG companies

The Oil and Gas Regulatory Authority (Ogra) Friday rejected the claims of two LPG marketing companies for increasing the consumer price of Liquefied Petroleum Gas (LPG). The Ogra in its response to the companies - JJVL and Parco - states that these compan
Published 18 Mar, 2017 12:00am
Commerce ministry's decision irks sugar industry

Commerce ministry's decision irks sugar industry

Sugar industry is reportedly up in arms against the Commerce Ministry after an inter-ministerial panel headed by Commerce Minister Engineer Khurram Dastgir slashed the Sugar Advisory Board's (SAB) approved quantity of 0.4 million tons to 0.2 million tons
Published 18 Mar, 2017 12:00am
ADB team meets secretary PHED KP

ADB team meets secretary PHED KP

Asian Development Bank (ADB) Mission met with Nizam-ud-Din, Secretary of Public Health Engineering Department (PHED), Government of Khyber Pakhtunkhwa, on Friday in the latter office. The mission included Mission leader, Kiyoshi Nakamistsu, Urban Developm
Published 18 Mar, 2017 12:00am
IHC reserves verdict in Tayyaba torture case

IHC reserves verdict in Tayyaba torture case

Islamabad High Court (IHC) on Friday reserved its judgement on the matter related to the jurisdiction of minor housemaid abuse case. The court may announce the order during next week. A single member bench comprising Justice Aamer Farooq heard the case.
Published 18 Mar, 2017 12:00am
China lauds Pakistan's efforts for maintaining good ties with neighbours

China lauds Pakistan's efforts for maintaining good ties with neighbours

Chinese Foreign Minister Wang Yi has said that China appreciates Pakistan's efforts to maintain good relationships with its neighbours including India and Afghanistan despite challenges. According to Inter-Services Public Relations (ISPR), the minister ma
Published 18 Mar, 2017 12:00am
SECP's recommendations to amend Companies Act 1974 approved

SECP's recommendations to amend Companies Act 1974 approved

The Securities and Exchange Commission of Pakistan (SECP) has achieved another milestone in ease of doing business as its recommendations to amend the 43-year-old Companies (Appointment of Legal Advisors) Act, 1974, has been approved by the Parliament.
Published 18 Mar, 2017 12:00am
'42 restaurants of Faisalabad join ST net'

'42 restaurants of Faisalabad join ST net'

Restaurants Invoice Management System (RIMS) of Punjab Revenue Authority (PRA) is a unique and innovative scheme to attract and bring maximum restaurants within the sales tax net, said Rana Sikandar Azam Senior Vice President Faisalabad Chamber of Commerc
Published 18 Mar, 2017 12:00am
'42 restaurants of Faisalabad join ST net'

'42 restaurants of Faisalabad join ST net'

Restaurants Invoice Management System (RIMS) of Punjab Revenue Authority (PRA) is a unique and innovative scheme to attract and bring maximum restaurants within the sales tax net, said Rana Sikandar Azam Senior Vice President Faisalabad Chamber of Commerc
Published 18 Mar, 2017 12:00am
PIAF urges FBR to clear stuck-up refund claims

PIAF urges FBR to clear stuck-up refund claims

The Pakistan Industrial and Traders Associations Front (PIAF) has urged the Federal Board of Revenue (FBR) to ensure early and timely payment of stuck-up refund claims of the export-oriented sectors facing hardships. The PIAF chairman Irfan Iqbal Sheikh i
Published 18 Mar, 2017 12:00am
PPDWP approves five uplift schemes worth Rs 5585.787 million

PPDWP approves five uplift schemes worth Rs 5585.787 million

The Punjab Provincial Development Working Party (PPDWP) approved five development schemes of different sectors with an estimated cost of Rs 5585.787 million. The approval of schemes were accorded in the 60th meeting of PPDWP of current fiscal year 2016-17
Published 18 Mar, 2017 12:00am
Wapda to add 2485 MW hydel power to national grid by mid-2018

Wapda to add 2485 MW hydel power to national grid by mid-2018

In pursuit of its commitment for optimal utilisation of water and hydropower resources, Pakistan Water and Power Development Authority (WAPDA) will add 2485 MW hydel electricity to the National Grid with completion of its three under-construction hydropow
Published 18 Mar, 2017 12:00am
Private hospitals directed to ensure doctors' training by DEAG

Private hospitals directed to ensure doctors' training by DEAG

Punjab Minister for Specialised Healthcare & Medical Education Khawaja Salman Rafique has said that it is mandatory for private hospitals to ensure training of their doctors regarding case management of dengue through Dengue Experts Advisory Group (DEAG).
Published 18 Mar, 2017 12:00am
Government urged to allow wheat export through sea route

Government urged to allow wheat export through sea route

The Punjab Flour Mills Association (PFMA) leadership has urged the government to open wheat export through sea route for disposing of the surplus stocks of 3.5 million tons lying in the government stores. They also urged for increasing rebate on wheat exp
Published 18 Mar, 2017 12:00am
LUMS Pro-Chancellor meets UVAS VC

LUMS Pro-Chancellor meets UVAS VC

Lahore University of Management Sciences (LUMS) Pro-Chancellor Syed Babar Ali called on vice chancellor University of Veterinary and Animal Science (UVAS) on Friday and discussed the present condition of livestock sector in Pakistan and the efforts to enh
Published 18 Mar, 2017 12:00am
GE equips new 1,320 MW CPHGC power plants

GE equips new 1,320 MW CPHGC power plants

GE is supplying Northwest Electric Power Design Institute Co Ltd (NWEPDI) and Tianjin Electric Power Construction Company (TEPC) with two units each of supercritical steam turbines, boilers and generators for the China Power Hub Generation Company (Pvt) L
Published 18 Mar, 2017 12:00am
LCCI celebrates Australia Day

LCCI celebrates Australia Day

The Lahore Chamber of Commerce and Industry (LCCI) on Friday celebrated "Australia Day" at a prestigious cake-cutting ceremony that was also attended by the Australian High Commissioner to Pakistan Ms. Margaret Adamson. The participants including LCCI Pre
Published 18 Mar, 2017 12:00am
Germany to help Pakistan explore more avenues for business: envoy

Germany to help Pakistan explore more avenues for business: envoy

German Ambassador Ina Lepel has said that Germany has financially supported major hydro-power projects and up-gradation of distribution system in Pakistan to resolve its energy crisis. "Pakistan-German Renewable Energy Forum will open soon for business,"
Published 18 Mar, 2017 12:00am
JS Bank signs strategic linkage with IBP

JS Bank signs strategic linkage with IBP

JS Bank's learning & organisational development has initiated a number of projects with several training and educational institutions to align its human resource with the best global practices. JS Bank's goal is to empower each member of the JS Bank famil
Published 18 Mar, 2017 12:00am
Cadet College Kandhkot be completed shortly: Bijarani

Cadet College Kandhkot be completed shortly: Bijarani

Sindh Minister for Planning and Development Mir Hazar Khan Bijarani has said that his dream would come true next year when a cadet college would be established in his home district Kandhkot. "The education works department must complete the remaining work
Published 18 Mar, 2017 12:00am
Commander 5 Corps visits DHA head office

Commander 5 Corps visits DHA head office

Commander 5 Corps and President Executive Board DHA, Lieutenant General Shahid Baig Mirza, visited Defence Housing Authority Karachi, here on Friday. On his arrival he was received by administrator DHA, Brigadier Shahid Hassan Ali. The Commander met the D
Published 18 Mar, 2017 12:00am
DI&I confiscates cellphones worth 47.5 million at AFU

DI&I confiscates cellphones worth 47.5 million at AFU

Around 1200 cell-phones worth Rs 47.5 millions have been confiscated by the Directorate Intelligence and Investigation (DI&I) Customs, Karachi at Air Freight Unit (AFU). According to DI&I officials, the action was taken on a tip-off, which revealed that s
Published 18 Mar, 2017 12:00am
Plea for Afghan border's reopening

Plea for Afghan border's reopening

The president of the Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has said terrorism cannot be defeated through closure of the Pak-Afghan border. Terrorism is deep-rooted in Pakistan and requires a comprehensive plan and its sw
Published 18 Mar, 2017 12:00am
Zardari takes notice of SID employees' protest

Zardari takes notice of SID employees' protest

Former President of Pakistan and President PPPP Asif Ali Zardari has taken notice of the protests by employees of Sindh Irrigation Department and issued directives to Chief Minister Syed Murad Ali Shah for resolution of their grievances. In a press statem
Published 18 Mar, 2017 12:00am
'Sindh Peoples Ambulance Service' launched

'Sindh Peoples Ambulance Service' launched

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Friday launched the Sindh Peoples Ambulance Service in Karachi. The inauguration ceremony was held at CM House, Karachi. During its first phase, the ambulance service will be operational in T
Published 18 Mar, 2017 12:00am
Raisani, Langove indicted in mega corruption case

Raisani, Langove indicted in mega corruption case

Balochistan's former finance secretary Mushtaq Raisani and former adviser to chief minister Balochistan for finance Mir Khalid Langove were indicted in the mega corruption scandal in Balochistan on Friday. In the verdict announced by an accountability cou
Published 18 Mar, 2017 12:00am
AKUH holds session on child treatment

AKUH holds session on child treatment

Specialists at the Paediatrics and Child Health Department at Aga Khan University Hospital hosted a session Friday to introduce the medical treatment offered by the AKUH for child patients suffering from the more complex childhood diseases. A press releas
Published 18 Mar, 2017 12:00am
'Climate change posing threat'

'Climate change posing threat'

The director general of Sindh's Provincial Disaster Management Authority, Syed Salman Shah, has said that disasters and climate change are becoming an increasing threat to the world, particularly Pakistan and Sindh. Speaking at a seminar on preparedness f
Published 18 Mar, 2017 12:00am
EFP supports Sindh home-based workers policy

EFP supports Sindh home-based workers policy

The enlightened employers will support all pragmatic policies that are for labour welfare provided the government implements these through a transparent and business friendly manner. The announcement of the Sindh Home Based Workers Policy is appreciated a
Published 18 Mar, 2017 12:00am
Census: 1st phase of house count concludes in Sindh

Census: 1st phase of house count concludes in Sindh

After having completed the first phase of house count process during ongoing census in selected districts of Sindh, the enumerators are now set to begin population count in more than 19000 census blocks of the province, Friday. Sindh has been divided into
Published 18 Mar, 2017 12:00am
Police department: SC upholds SHC decision to restore children quota

Police department: SC upholds SHC decision to restore children quota

Supreme Court on Friday upheld Sindh High Court decision ordering Sindh government to employ the children of retired policemen on 'son quota'. Some 11 cops of Sindh police had challenged Sindh government's decision not to employ retired policemen children
Published 18 Mar, 2017 12:00am
PARTLY FACETIOUS: Benefits of reading books

PARTLY FACETIOUS: Benefits of reading books

"Have you read the book 'Why They Do It: Inside the Mind of the White Collar Criminal' by Eugene Soltes, Professor Harvard Business School."
Published 18 Mar, 2017 12:00am
Top universities of Turkey: COHE Turkey to allocate 80 PhD slots

Top universities of Turkey: COHE Turkey to allocate 80 PhD slots

On the invitation of Turkish Council of Higher Education (COHE), a two-member delegation of Higher Education Commission, Pakistan led by Professor Dr Mukhtar Ahmed, Chairman HEC visited Ankara to sign the Document of Understanding for providing 80 PhD slo
Published 18 Mar, 2017 12:00am
SECP hosts awareness session for Islamabad region ORICs

SECP hosts awareness session for Islamabad region ORICs

In order to spread awareness through its investor education program 'JamaPunji', the Securities and Exchange Commission of Pakistan (SECP) in collaboration with the Higher Education Commission (HEC) conducted an awareness session for senior professionals
Published 18 Mar, 2017 12:00am
1.6 million children suffer from diabetes in Pakistan

1.6 million children suffer from diabetes in Pakistan

The secretary general of the Diabetic Association of Pakistan, Professor A. Samad Shera, has said that diabetes is increasing at an alarming rate. Seven million people, including 1.6 million children, are suffering from the disease. "By 2040 Pakistan is p
Published 18 Mar, 2017 12:00am
'Government committed to improve situation of Pakistani women'

'Government committed to improve situation of Pakistani women'

Pakistan has told the United Nations that the government was committed to alleviate and improve the situation of Pakistani women. Speaking in the 61st session of the Commission on the Status of Women (CSW) at UN Headquarters, Khawar Mumtaz, Chairperson of
Published 18 Mar, 2017 12:00am
PPAF community woman bags Ladies Fund Award

PPAF community woman bags Ladies Fund Award

Gul Nazar, a community resource person of Pakistan Poverty Alleviation Fund (PPAF), from Kalasha Valley, Chitral has won the Dawood Global Foundation Ladies Fund's Idol Award 2017. The award was presented by Governor Sindh Muhammad Zubair at the Governor
Published 18 Mar, 2017 12:00am
Hamdard Forum proposed

Hamdard Forum proposed

Usama Qureshi, Managing Director & CEO, Syed Ziauddin, Director, Corporate and Legal Affairs of Hamdard Laboratories (Waqf) Pakistan met Muhammad Ayub Sheikh, Secretary, Ministry of National Health Services and Dr Aslam Afghani, CEO, DRAP.
Published 18 Mar, 2017 12:00am
Column for TDPs sought in census form

Column for TDPs sought in census form

Former Fata parliamentarian from Kurram Agency, Munir Khan Orakzai has demanded of the federal government and Pakistan Bureau of Statistics to allocate column in the census form for Tribal Displaced Persons (TDPs), staying in different areas of Khyber Pak
Published 18 Mar, 2017 12:00am
LUMHS awards degrees, diplomas in convocation

LUMHS awards degrees, diplomas in convocation

The Convocation of Liaquat University of Medical and Health Sciences Jamshoro for the graduates of Nursing, Physiotherapy and Biomedical Engineering was held on Friday. While delivering the welcome address the Vice Chancellor LUMHS Professor Noshad A Shai
Published 18 Mar, 2017 12:00am
Brand-new hope for TB patients in Pakistan

Brand-new hope for TB patients in Pakistan

The endTB Project, a partnership between Partners In Health (PIH), Médecins sans Frontières (MSF), Interactive Research & Development (IRD) funded by UNITAID celebrated initiating 90 eligible drug-resistant TB patients on treatment with new tuberculosis d
Published 18 Mar, 2017 12:00am
PPP for placing Riwaj Act, Fata LG rules before parliament

PPP for placing Riwaj Act, Fata LG rules before parliament

Pakistan People's Party (PPP) on Friday demanded that the proposed Riwaj Act and the regulation to set up Local Bodies in FATA under the recently announced reforms package should placed before the Parliament for discussion prior to singing by the Presiden
Published 18 Mar, 2017 12:00am
Prime Minister convenes PML-N parliamentary party meeting

Prime Minister convenes PML-N parliamentary party meeting

Prime Minister Nawaz Sharif has convened Parliamentary Party meeting of PML (N) in Islamabad on Monday. A statement issued on Friday stated that according to Prime Minister's Special Assistant on Political Affair Dr Asif Kirmani, the Prime Minister will t
Published 18 Mar, 2017 12:00am
Mirza Ishtiaq Baig meets chief minister Punjab

Mirza Ishtiaq Baig meets chief minister Punjab

Mirza Ishtiaq Baig honorary Counsel General of Morocco and Vice President of Federation of Pakistan Chamber of Commerce & Industry called on Chief Minister Punjab Shehbaz Sharif, here Friday. Mirza Ishtiaq Baig while acclaiming the initiatives of Punjab G
Published 18 Mar, 2017 12:00am
Pakistan to participate in Astana Expo: Dastgir

Pakistan to participate in Astana Expo: Dastgir

Minister for Commerce Khurram Dastgir Khan informed the Senate on Friday that a number of steps are being taken to enhance Pakistan's trade with Central Asian countries and an invitation has been accepted to participate in Astana Expo-2017 being held from
Published 18 Mar, 2017 12:00am
Maleeha calls for addressing root cause of human trafficking

Maleeha calls for addressing root cause of human trafficking

Pakistan has called for addressing the root causes of conflicts so as to curb human trafficking in conflict regions. Speaking in the Security Council debate on Trafficking in Persons in Conflict Situations, Pakistan's Ambassador to UN, Dr Maleeha Lodhi sa
Published 18 Mar, 2017 12:00am
Capital traffic plan for Pakistan Day

Capital traffic plan for Pakistan Day

Islamabad Traffic Police (ITP) has devised a special traffic plan to guide motorists on the occasion of Pakistan Day, taking place at parade ground on March 23. According to the plan, the entrance of heavy traffic in the city would be banned from 12:00am
Published 18 Mar, 2017 12:00am
PESCO issues power shutdown notice

PESCO issues power shutdown notice

Power supply from 132 KV Peshawar Cantonment Grid Station will remain suspended due to maintenance work on March 18, 21, 23 from 8:00 AM to 2:00 PM, resulting in inconvenience to the consumers of 11 KV Islamia College feeders. Power supply will also remai
Published 18 Mar, 2017 12:00am
'US Legion of Merit' award conferred on Naval Chief

'US Legion of Merit' award conferred on Naval Chief

Chief of the Naval Staff Admiral Muhammad Zakaullah, who is on an official visit to the USA, was conferred with US Legion of Merit (Degree of Commander) award by United States Chief of Naval Operations Admiral John Richardson in a 'Full Honours Ceremony,
Published 18 Mar, 2017 12:00am
Pakistan accords immense importance to relations with EU: Marriyum

Pakistan accords immense importance to relations with EU: Marriyum

Pakistan accords immense importance to its relations with the European Union espousing values of democracy, plurality and rule of law. Marriyum Aurangzeb, Minister of State for Information, Broadcasting & National Heritage said this during a meeting with
Published 18 Mar, 2017 12:00am
NA session adjourns as lawmakers exchange hot words

NA session adjourns as lawmakers exchange hot words

The exchange of bickering words between treasury and opposition benches and lack of quorum in National Assembly on Friday led the Speaker to adjourn the House in order to avoid any embarrassment. A Pakistan Peoples Party Parliamentarians (PPPP) lawmaker p
Published 18 Mar, 2017 12:00am
PM, Dar held responsible for economic woes

PM, Dar held responsible for economic woes

The current economic morass is a result of Finance Minister Ishaq Dar's flawed policies which Prime Minister Nawaz Sharif blindly supports. This was the consensus among the economists, academia, business community as well as general public during an anecd
Published 18 Mar, 2017 12:00am
PPP accuses government of corruption

PPP accuses government of corruption

"Loot sale" of national assets is continued in the garb of privatisation in the country under the government of Nawaz Sharif. This was alleged by secretary information Pakistan People's Party (PPP) Chaudhry Manzoor Ahmed in a statement issued by the media
Published 18 Mar, 2017 12:00am
Shanghai copper down

Shanghai copper down

Shanghai Futures Exchange copper edged down 0.5 percent to 47,740 yuan ($6,916) a tonne on Friday. "Base metals were broadly supported by the weaker USD and positive fundamentals. Supply side issues continue to support copper prices," ANZ said in a report
Published 18 Mar, 2017 12:00am
Copper rises, tin notches up biggest weekly gain in a year

Copper rises, tin notches up biggest weekly gain in a year

Copper rose on Friday and posted its biggest weekly gain since mid-February in response to a weak US dollar and ongoing mine supply concerns, while tin clocked its largest weekly gain in a year. Three-month copper on the London Metal Exchange ended up 0.4
Published 18 Mar, 2017 12:00am
Tokyo rubber moves higher

Tokyo rubber moves higher

Benchmark Tokyo rubber futures ended up 1.6 percent on Friday, after touching their highest since March 8 earlier as firm Shanghai futures improved market sentiment. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in So
Published 18 Mar, 2017 12:00am
Palm oil rebounds on stronger demand forecasts

Palm oil rebounds on stronger demand forecasts

Malaysian palm oil futures rebounded late on Friday after falling earlier in the session, boosted by expectations of improving demand and stronger soyaoil. Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange was up 0.3
Published 18 Mar, 2017 12:00am
Raw sugar pares losses from steep slide to nine-month low

Raw sugar pares losses from steep slide to nine-month low

Raw sugar futures on ICE pared losses on late-day buying on Friday, after sinking 4 percent in heavy volume to their lowest level in more than nine months on a flurry of chart-based selling around key support at 18 cents per lb. Cocoa futures also fell, w
Published 18 Mar, 2017 12:00am
Gold climbs in New York

Gold climbs in New York

Gold rallied for the second straight session on Thursday, climbing to its highest level in over a week after the US central bank signalled only gradual rate tightening and the dollar slid to its lowest in five weeks. Spot gold gained 0.7 percent at $1,227
Published 18 Mar, 2017 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold prices held steady on Friday and were on course for their first weekly gain in three, as the dollar plumbed to fresh five-week lows after the US central bank's signal of a slower pace of rate increases this year disappointed dollar bulls.
Published 18 Mar, 2017 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose on Friday and was on course for its first weekly gain since February as the dollar hit a five-week low after the US Federal Reserve's cautious message on interest rates, making bullion cheaper for holders of other currencies. The Fed raised US r
Published 18 Mar, 2017 12:00am
Wheat and corn futures flat

Wheat and corn futures flat

US corn and wheat futures were trading close to unchanged on Friday as their recent rally from multi-week lows ran out of steam in the absence of fresh fundamental news, traders said. Soyabeans weakened, on track for their ninth decline in 10 sessions as
Published 18 Mar, 2017 12:00am
US MIDDAY: gold soars

US MIDDAY: gold soars

Gold rose on Friday and was on course for its first weekly gain in three as the US Federal Reserve's cautious message on interest rates left the dollar around five-week lows, making bullion cheaper those holding other currencies. The Fed raised US rates o
Published 18 Mar, 2017 12:00am
Speculators cut US crude oil net longs by record amount

Speculators cut US crude oil net longs by record amount

Hedge funds and other money managers cut their net long US crude futures and options positions in the week to March 14, the third consecutive cut, US Commodity Futures Trading Commission (CFTC) said on Friday. Hedge fund bets on crude have been closely wa
Published 18 Mar, 2017 12:00am
Oil prices steady but outlook more bearish

Oil prices steady but outlook more bearish

Oil prices were largely steady on Friday, finishing the week with modest gains, but speculators sharply cut long positions during last week's rout, on concerns that an OPEC production cut was failing to reduce a global supply overhang. Crude traded in a n
Published 18 Mar, 2017 12:00am
Hydro projects in IHK

Hydro projects in IHK

The officials of India and Pakistan are scheduled to meet in Lahore on march 20 to discuss water issues. It is therefore reasonably expected that the Pakistani officials would be seeking an explanation from their counterparts about India's growing bellige
Published 18 Mar, 2017 12:00am
Halfway into 2017's oil supply cut, Asia remains awash with fuel

Halfway into 2017's oil supply cut, Asia remains awash with fuel

Halfway into an Opec-led oil supply cut, Asia remains awash with fuel in a sign that the group's efforts to rein in a global glut have so far had little effect. The Organisation of the Petroleum Exporting Countries (Opec) and other suppliers including Rus
Published 18 Mar, 2017 12:00am
How political forces shape the system of justice

How political forces shape the system of justice

Fighting crimes is not an easy task. It requires determination, courage and boldness. Financial crimes and organised crimes are a menace and the phenomena are spread all over the globe. Continuous efforts are being made by the prosecutors and law enforcem
Published 18 Mar, 2017 12:00am
CPEC for all

CPEC for all

There is not a single day when the China Pakistan Economic Corridor (CPEC) is not a subject of widespread coverage in the print media. There are news and opinions on the pros and cons of the CPEC, expressing jubilation and caution on the subject. The majo
Published 18 Mar, 2017 12:00am
A parliamentary commission probe?

A parliamentary commission probe?

An unsavoury controversy has erupted following former Pakistan ambassador to Washington Hussain Haqqani's recent self-promotional piece for the Washington Post in which he accused "Pakistan's intelligence service or military" of harbouring sympathies for
Published 18 Mar, 2017 12:00am
Census issues

Census issues

The politically challenging census began on Wednesday after a very long gap subsequent to the federal government's assurance to the Supreme Court that the first phase of the census would be held from 15th March till 15th May leading to the disposing of th
Published 18 Mar, 2017 12:00am
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