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Print - 2017-04-22
Pak-China cotton biotech lab to be set up at PU
Cotton

Pak-China cotton biotech lab to be set up at PU

Scientists from Chinese Academy of Agriculture Sciences (CAAS), China visited Punjab University (PU) Centre of Excellence in Molecular Biology (CEMB), Lahore to discuss establishment of "Pak-China Cotton Biotechnology Laboratory" at CEMB. In continuation
Published 22 Apr, 2017 12:00am
Met office forecasts light rains

Met office forecasts light rains

Met office has predicted light rains during the next few days that would bring down the temperature in the provincial metropolis. It may be noted a scorching heat has gripped the city weather that has caused trouble to the routine life of citizens.
Published 22 Apr, 2017 12:00am
Honda Atlas launches BR-V-2017 model

Honda Atlas launches BR-V-2017 model

Honda Atlas Cars (Pakistan) Limited has launched its All-new BR-V-2017 model at a ceremony held here on Friday. Speaking at the launching ceremony, the Honda Atlas Cars' President and Chief Executive Officer, Toichi Ishiyama said that the All-new BR-V is
Published 22 Apr, 2017 12:00am
Banks receive 214,221 Hajj applications in five days

Banks receive 214,221 Hajj applications in five days

The Punjab Information Technology Board (PITB)'s automated Hajj operations, devised for the Federal Ministry of Religious Affairs and Interfaith Harmony, being successfully implemented for the third year, reveals that the Hajj applications invited under H
Published 22 Apr, 2017 12:00am
Banks receive 214,221 Hajj applications in five days

Banks receive 214,221 Hajj applications in five days

The Punjab Information Technology Board (PITB)'s automated Hajj operations, devised for the Federal Ministry of Religious Affairs and Interfaith Harmony, being successfully implemented for the third year, reveals that the Hajj applications invited under H
Published 22 Apr, 2017 12:00am
Treatment, rehabilitation centre for addicts in Lahore

Treatment, rehabilitation centre for addicts in Lahore

A state-of-the-art treatment and rehabilitation centre in public sector for the addicts has been established here in the premises of the Punjab Institute of Mental Health (PIMH). This centre has been completed at a cost of Rs 192.142 million, which is com
Published 22 Apr, 2017 12:00am
CPEC to herald new era of prosperity: Khawaja

CPEC to herald new era of prosperity: Khawaja

The China-Pakistan Economic Corridor (CPEC) will turn Pakistan into a great investment destination and would begin a new era of progress and prosperity. "The CPEC is as important as nuclear program for the country. Therefore, all political circles should
Published 22 Apr, 2017 12:00am
Siemens offers automated signalling system to Railways

Siemens offers automated signalling system to Railways

Siemens Pakistan Engineering Company has offered an automated signalling system to Pakistan Railways which may warn the train drivers of any danger or hazard on the track beforehand. Representatives of Siemens, Helmut von Struve, Managing Director, Siemen
Published 22 Apr, 2017 12:00am
PES sets up managers training centre

PES sets up managers training centre

In order to harness managerial and administrative skills of rescue officers/officials, the Punjab Emergency Service (PES) (Rescue 1122) has established a Managers Training Centre (MTC) here at Emergency Services Academy, Lahore. The Deputy Director (HR) D
Published 22 Apr, 2017 12:00am
ITU faculty member wins WB innovation award

ITU faculty member wins WB innovation award

Information Technology University (ITU) faculty member and Data Science Lab Director Dr Faisal Kamiran has won a World Bank innovation award worth US $100,000 from the World Bank Group and Sexual Violence Research Initiative (SVRI) for innovations to prev
Published 22 Apr, 2017 12:00am
Plan to set up footwear product development centre under way

Plan to set up footwear product development centre under way

Chief Executive Officer, Technology Upgradation and Skill Development Company (TUSDEC) Muhammad Alamgir Choudhry has said that they are making adequate efforts for tracking industrial sector on modern production lines. Talking to Business Recorder
Published 22 Apr, 2017 12:00am
Hoti expresses satisfaction over SC verdict

Hoti expresses satisfaction over SC verdict

Awami National Party (ANP) provincial president and former chief minister, Amir Haider Khan Hoti has expressed his satisfaction over the verdict announced in Panama Papers case. However, he bitterly criticised Imran Khan and said although Imran has gained
Published 22 Apr, 2017 12:00am
Zong to upgrade all sites to 4G in 2017

Zong to upgrade all sites to 4G in 2017

Pakistan's No 1 4G network Zong is all-set to upgrade all sites to 4G by the end of 2017, a significant development which implies that the number of 4G sites would touch 10,600 mark by end of 2017. It is pertinent to mention that Zong was the first 3G and
Published 22 Apr, 2017 12:00am
Urology moot: Jhagra stresses need for better patient care

Urology moot: Jhagra stresses need for better patient care

KP Governor Engineer Iqbal Zafar Jhagra has said that keeping in view the rapid developments taking place in the fields of medicine, the promotion of productive interaction amongst experts at the international level, motivating the respective professional
Published 22 Apr, 2017 12:00am
KP okays steps for fiscal discipline

KP okays steps for fiscal discipline

The provincial government of Khyber Pakhtunkhwa has approved some strict measures to observe fiscal discipline and streamline the management of public accounts by June 30, 2017 positively. According to details, the measures included, the funds placed at t
Published 22 Apr, 2017 12:00am
Sherpao hails Centre's decision to unblock CNICs

Sherpao hails Centre's decision to unblock CNICs

Chairman of Qaumi Watan Party (QWP) Aftab Ahmad Khan Sherpao has welcomed the federal government's decision to unblock national identity cards of the Pakhtuns saying it is a goodwill gesture towards people of Khyber Pakhtunkhwa and Federally Administered
Published 22 Apr, 2017 12:00am
Pakistan, Saudi Arabia stand by each other in testing times: PM

Pakistan, Saudi Arabia stand by each other in testing times: PM

Prime Minister Nawaz Sharif on Friday said that Pakistan and Saudi Arabia have always stood by each other in testing times and the people of Pakistan have deep emotional attachment with the Kingdom being the custodian of the Two Holy Mosques. He was talki
Published 22 Apr, 2017 12:00am
Tax authorities laud IR official's performance

Tax authorities laud IR official's performance

Tax authorities Friday highly appreciated the performance of Khawaja Tanveer Ahmad, Director General, Directorate General of Intelligence and Investigation (IR) for taking major actions against tax evaders, tax dodgers, money launders, powerful sectors an
Published 22 Apr, 2017 12:00am
PPAF holds conference on 'From Knowledge to Action' from April 25

PPAF holds conference on 'From Knowledge to Action' from April 25

Pakistan Poverty Alleviation Fund (PPAF) is holding the second International Conference on Research and Learning titled, 'From Knowledge to Action' from April 25 to April 26 in Islamabad. Around 200 participants comprising local and international experts
Published 22 Apr, 2017 12:00am
OGDCL announces Rs 126.629 billion PAT

OGDCL announces Rs 126.629 billion PAT

The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held at OGDCL Head Office Islamabad announced the financial results for the nine months ended 31st March, 2017. The Company's net sales revenue was registered as Rs 126
Published 22 Apr, 2017 12:00am
OGDCL announces Rs 126.629 billion PAT

OGDCL announces Rs 126.629 billion PAT

The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held at OGDCL Head Office Islamabad announced the financial results for the nine months ended 31st March, 2017. The Company's net sales revenue was registered as Rs 126
Published 22 Apr, 2017 12:00am
100,000 vehicles will be given to unemployed youth: CM Punjab

100,000 vehicles will be given to unemployed youth: CM Punjab

Punjab Chief Minister Shahbaz Sharif chaired a meeting here Friday to review proposals for launching orange cab scheme and digital system of payments. The Chief Minister directed to constitute Cabinet Committee and said that the committee should submit fi
Published 22 Apr, 2017 12:00am
Shahbaz reviews law & order, Safe City projects

Shahbaz reviews law & order, Safe City projects

Punjab Chief Minister Muhammad Shehbaz Sharif chaired three hours long meeting to review overall law and order situation, progress of Safe City Project Lahore and matters related to Safe City Projects in six big cities, here Friday. Addressing the meeting
Published 22 Apr, 2017 12:00am
Janoo rejects allegations of irregularities in rice quota

Janoo rejects allegations of irregularities in rice quota

Abdul Rahim Janoo, Chairman, South Zone Group Rice Exporters Association of Pakistan (REAP), has rejected the allegations of irregularities in the rice quota distribution as according to him, there is no rice quota restrictions in the country. Addressing
Published 22 Apr, 2017 12:00am
PIA regaining market share: acting CEO

PIA regaining market share: acting CEO

Acting CEO Pakistan International Airlines (PIA), Nayyer Hayat has said that PIA is regaining its market share on domestic and international routes and improving seat factor on its flights is the top priority for airline's management. He announced this wh
Published 22 Apr, 2017 12:00am
Despite opportunities meat export market is tiny

Despite opportunities meat export market is tiny

Pakistani exports of meat, poultry and poultry product have a huge opportunity to fill the gap of meat and poultry products of the United Arab Emirate, which is the second largest meat and poultry imports in the region as the UAE imposed a temporary ban o
Published 22 Apr, 2017 12:00am
Sindh University celebrates World Earth Day

Sindh University celebrates World Earth Day

Planting of saplings and awareness speeches marked the World Earth Day celebrations at the University of Sindh (SU) here on Friday. Led by SU Registrar Dr Muhammad Saleem Chandio and the Chairman of Department of Geography Professor Muheb Ali Leghari join
Published 22 Apr, 2017 12:00am
BAFL, IBA enter strategic partnership

BAFL, IBA enter strategic partnership

In a bid to bridge gaps between the industry and academia, Pakistan's leading financial institution, Bank Alfalah Limited (BAFL) has entered into a strategic partnership with Pakistan's prestigious business education institution, Institute of Business Adm
Published 22 Apr, 2017 12:00am
BAFL, IBA enter strategic partnership

BAFL, IBA enter strategic partnership

In a bid to bridge gaps between the industry and academia, Pakistan's leading financial institution, Bank Alfalah Limited (BAFL) has entered into a strategic partnership with Pakistan's prestigious business education institution, Institute of Business Adm
Published 22 Apr, 2017 12:00am
Opposition Senators demand Nawaz's resignation

Opposition Senators demand Nawaz's resignation

Amid slogans of 'go Nawaz go' and massive desk thumping, opposition lawmakers with black armbands in Senate Friday demanded Prime Minister Nawaz Sharif to step down, saying he has no reason to stay after two senior most judges of the Supreme Court declare
Published 22 Apr, 2017 12:00am
Rain likely in most parts

Rain likely in most parts

The Met Office on Friday forecast rain and thunderstorm for most parts of the country from today till Monday. It said that a weather system of moderate intensity is prevailing over Pakistan. "Under the influence of this weather system scattered/isolated r
Published 22 Apr, 2017 12:00am
Zardari vows to wipe out politics of Sharifs from Punjab

Zardari vows to wipe out politics of Sharifs from Punjab

Former president and PPPP president Asif Ali Zardari has expressed his party's resolve to conquer Punjab, a stronghold of the ruling Pakistan Muslim League-Nawaz (PML-N). Addressing a public gathering in Jhang on Friday, Asif Zardari said that PPP was def
Published 22 Apr, 2017 12:00am
Australia awards scholarships to 27 Pakistanis

Australia awards scholarships to 27 Pakistanis

Australian High Commissioner to Pakistan Margaret Adamson on Friday hosted a reception for 27 Pakistani Australia Awards scholarship awardees who will shortly depart to Australia to undertake short courses in entrepreneurship and energy security in Pakist
Published 22 Apr, 2017 12:00am
Poverty, inflation made people's lives miserable: JI Women

Poverty, inflation made people's lives miserable: JI Women

Secretary General of Jamaat-I-Islami Women Wing, Durdana Siddique has said that growing unrest, poverty, inflation and load shedding is disturbing the lives of the citizens and in current terrible situation Jamaat-I-Islami is the only hope for the nation.
Published 22 Apr, 2017 12:00am
Dr Asim seeks security against threat of abduction

Dr Asim seeks security against threat of abduction

The leader of Pakistan Peoples Party, Dr Asim Hussain, has lodged a report in which he apprised the police of threat to his lift by unidentified persons and demanded beefed security measures to guard him. Dr Asim informed the police that he was boarding h
Published 22 Apr, 2017 12:00am
FINCA Pakistan wins award

FINCA Pakistan wins award

FINCA, the leading microfinance bank has won the "Seamless Banking Experience of the Year" award for their Digital Financial Services - "SIMSIM". This event was initiated by Seamless Award Asia in collaboration with Terrapinn. The Seamless Awards Asia is
Published 22 Apr, 2017 12:00am
PM's resignation: PML-N leaders reject opposition's demand

PM's resignation: PML-N leaders reject opposition's demand

The ruling Pakistan Muslim League-Nawaz (PML-N) on Friday regretted the opposition political parties' response to the verdict of Supreme Court in Panama Papers case and again rejected the demand of Prime Minister Nawaz Sharif's resignation. Talking to jou
Published 22 Apr, 2017 12:00am
Pakistan re-elected CPC member

Pakistan re-elected CPC member

Pakistan was re-elected as member of the Committee on Programme and Co-ordination of ECOSOC on April 19, 2017. Pakistan secured 48 votes out of 50 members of ECOSOC present and voting. Since 1973 Pakistan has remained a member of CPC except for one-term f
Published 22 Apr, 2017 12:00am
Kashmir issue: British government urged to act as arbitrator

Kashmir issue: British government urged to act as arbitrator

Naheed Mehdi Hayat, chairperson of Commonwealth Friends of Labour Party (CWFOLP) urged the British government to act as an arbitrator on the Kashmir issue between as it is an unfinished agenda of the 3rd June Partition Plan-1947 given by the British Raj.
Published 22 Apr, 2017 12:00am
FFCL PAT increases to Rs 2.273 billion

FFCL PAT increases to Rs 2.273 billion

The profit after tax of Fatima Fertiliser Company has increased to Rs 2.273 billion in the quarter ended March 31, 2017 as compared to Rs 1.125 billion earned in the corresponding period in 2016. The board of directors of the company in its meeting declar
Published 22 Apr, 2017 12:00am
FFCL PAT increases to Rs 2.273 billion

FFCL PAT increases to Rs 2.273 billion

The profit after tax of Fatima Fertiliser Company has increased to Rs 2.273 billion in the quarter ended March 31, 2017 as compared to Rs 1.125 billion earned in the corresponding period in 2016. The board of directors of the company in its meeting declar
Published 22 Apr, 2017 12:00am
HMBL posts Rs 1.288 billion profit after tax

HMBL posts Rs 1.288 billion profit after tax

Habib Metropolitan Bank has posted Rs 1.288 billion as profit after tax in the quarter ended March 31, 2017 as compared to Rs 1.659 billion earned in the corresponding period in 2016. The board of directors of the bank in its meeting declared that the ban
Published 22 Apr, 2017 12:00am
HMBL posts Rs 1.288 billion profit after tax

HMBL posts Rs 1.288 billion profit after tax

Habib Metropolitan Bank has posted Rs 1.288 billion as profit after tax in the quarter ended March 31, 2017 as compared to Rs 1.659 billion earned in the corresponding period in 2016. The board of directors of the bank in its meeting declared that the ban
Published 22 Apr, 2017 12:00am
JIT to be extended full cooperation: Haroon

JIT to be extended full cooperation: Haroon

Special Assistant to Prime Minister on Revenue/ Minister of State, Haroon Akhtar Khan said Friday that the Federal Board of Revenue's (FBR) probe into Panama Leaks is under way and the joint investigation team (JIT), going to be formed on the Supreme Cour
Published 22 Apr, 2017 12:00am
PTI to file reference against NAB chairman

PTI to file reference against NAB chairman

Pakistan Tehreek-e-Insaf (PTI) has decided to file a reference against chairman National Accountability Bureau (NAB) with Supreme Judicial Council (SJC) with a plea to remove him after apex court's remarks against him during hearing of Panama Papers case.
Published 22 Apr, 2017 12:00am
Balochistan Assembly reposes trust in PM

Balochistan Assembly reposes trust in PM

The Balochistan Assembly unanimously adopted a resolution expressing full confidence in the 'dynamic leadership' of Prime Minister Nawaz Sharif, here on Friday. Balochistan Chief Minister Nawab Sanaullah Khan Zehri tabled the resolution in the House.
Published 22 Apr, 2017 12:00am
Siraj, Rashid threaten to mobilise masses for anti-government movement

Siraj, Rashid threaten to mobilise masses for anti-government movement

After the Panama Papers case verdict by the Supreme Court (SC) of Pakistan, President Awami Muslim League (AML) Sheikh Rasheed Ahmad and Emir Jamaat-e-Islami (JI) Siraj-ul-Haq held a meeting at Lal Haveli, Rawalpindi, on Friday to unite opposition parties
Published 22 Apr, 2017 12:00am
'The tax directory'

'The tax directory'

This is apropos a Business Recorder editorial "The tax directory" carried by the newspaper on Tuesday. It is heartening to note that the FBR is planning to make public the names of non-filers of income tax returns including those from the business
Published 22 Apr, 2017 12:00am
Is China too tough a steel beast for Trump to tame?

Is China too tough a steel beast for Trump to tame?

US President Donald Trump's first shot across China's bow over its steel exports, escalating a years-long brawl over trade between the world's top two economies, may not pull up Beijing. China exported 620,000 tonnes of steel direct to the United States l
Published 22 Apr, 2017 12:00am
The remedy of reference under the Customs Act, 1969

The remedy of reference under the Customs Act, 1969

The law provides remedies against adverse actions in the form of appeal, review or revision, in fact a remedy is a right by which an aggrieved person may seek relief for the enforcement of one's rights or may prevent or redress a wrong within the frame wo
Published 22 Apr, 2017 12:00am
The power crisis

The power crisis

The PML-N government, immediately upon positioning itself in May 2013 to govern the nation, faithfully embarked on the task of providing relief to the public as part of its manifesto and foremost commitment to the nation. During its four years tenure sinc
Published 22 Apr, 2017 12:00am
Ehsanullah Ehsan's surrender

Ehsanullah Ehsan's surrender

DG ISPR Major General Asif Ghafoor revealed during a media briefing regarding Operation Raddul Fasaad on April 17 that Ehsanullah Ehsan, the erstwhile spokesman for the Tehreek-e-Taliban Pakistan (TTP) and one of the top founding leaders of the Jamaat-ul-
Published 22 Apr, 2017 12:00am
Growth prospects
Cotton

Growth prospects

A recent World Bank report projects Pakistan's growth rate for the current fiscal year at 5.2 percent but warns that there are "significant downside risks" to the projected growth outlook and that "slower progress in the much-needed structural reforms cou
Published 22 Apr, 2017 12:00am
ISPR reacts to comments

ISPR reacts to comments

Director General of Inter-Services Public Relations, Major General Asif Ghafoor has said on Friday that certain persons' comments regarding head of an intelligence agency are baseless and misleading, according to Aaj News. In reaction to a statement of Le
Published 22 Apr, 2017 12:00am
ISPR reacts to comments

ISPR reacts to comments

Director General of Inter-Services Public Relations, Major General Asif Ghafoor has said on Friday that certain persons' comments regarding head of an intelligence agency are baseless and misleading, according to Aaj News. In reaction to a statement of Le
Published 22 Apr, 2017 12:00am
Water shortage may hit sugarcane, other crops hard
Cotton

Water shortage may hit sugarcane, other crops hard

The country may face a water shortage during the current Kharif season that can hit hard Kharif crops like sugarcane. "The country will face water shortage during Kharif season due to less rains which may benefit some crops including cotton and will also
Published 22 Apr, 2017 12:00am
Water shortage may hit sugarcane, other crops hard
Cotton

Water shortage may hit sugarcane, other crops hard

The country may face a water shortage during the current Kharif season that can hit hard Kharif crops like sugarcane. "The country will face water shortage during Kharif season due to less rains which may benefit some crops including cotton and will also
Published 22 Apr, 2017 12:00am
Water shortage may hit sugarcane, other crops hard
Cotton

Water shortage may hit sugarcane, other crops hard

The country may face a water shortage during the current Kharif season that can hit hard Kharif crops like sugarcane. "The country will face water shortage during Kharif season due to less rains which may benefit some crops including cotton and will also
Published 22 Apr, 2017 12:00am
Hundreds of Baloch rebels surrender

Hundreds of Baloch rebels surrender

Around 500 Baloch rebel militants on Friday surrendered to government as Islamabad pursues its development agenda linked to the ambitious China Pakistan Economic Corridor (CPEC) in the south-west province. Some 487 militants from four Baloch rebel organis
Published 22 Apr, 2017 12:00am
Hundreds of Baloch rebels surrender

Hundreds of Baloch rebels surrender

Around 500 Baloch rebel militants on Friday surrendered to government as Islamabad pursues its development agenda linked to the ambitious China Pakistan Economic Corridor (CPEC) in the south-west province. Some 487 militants from four Baloch rebel organis
Published 22 Apr, 2017 12:00am
Panama Papers law firm boss sees tax shelter boom in US

Panama Papers law firm boss sees tax shelter boom in US

The co-founder of the law firm at the center of the Panama Papers scandal says the fallout has set off a "thriving" boom in the creation of tax shelters in the United States. Juergen Mossack, who partnered with Ramon Fonseca to create the Panamanian firm
Published 22 Apr, 2017 12:00am
Panama Papers law firm boss sees tax shelter boom in US

Panama Papers law firm boss sees tax shelter boom in US

The co-founder of the law firm at the center of the Panama Papers scandal says the fallout has set off a "thriving" boom in the creation of tax shelters in the United States. Juergen Mossack, who partnered with Ramon Fonseca to create the Panamanian firm
Published 22 Apr, 2017 12:00am
Panama Papers law firm boss sees tax shelter boom in US

Panama Papers law firm boss sees tax shelter boom in US

The co-founder of the law firm at the center of the Panama Papers scandal says the fallout has set off a "thriving" boom in the creation of tax shelters in the United States. Juergen Mossack, who partnered with Ramon Fonseca to create the Panamanian firm
Published 22 Apr, 2017 12:00am
Proposed companies law: Senate body meeting postponed

Proposed companies law: Senate body meeting postponed

There are adequate measures against fraud, money laundering and terrorism financing in the proposed companies law being discussed by the Senate Standing Committee on Finance. A meeting of the Senate panel convened by Senator Saleem Mandviwalla on Friday f
Published 22 Apr, 2017 12:00am
Proposed companies law: Senate body meeting postponed

Proposed companies law: Senate body meeting postponed

There are adequate measures against fraud, money laundering and terrorism financing in the proposed companies law being discussed by the Senate Standing Committee on Finance. A meeting of the Senate panel convened by Senator Saleem Mandviwalla on Friday f
Published 22 Apr, 2017 12:00am
Proposed companies law: Senate body meeting postponed

Proposed companies law: Senate body meeting postponed

There are adequate measures against fraud, money laundering and terrorism financing in the proposed companies law being discussed by the Senate Standing Committee on Finance. A meeting of the Senate panel convened by Senator Saleem Mandviwalla on Friday f
Published 22 Apr, 2017 12:00am
SC decision must be accepted by everyone: Nisar

SC decision must be accepted by everyone: Nisar

Interior Minister Chaudhry Nisar Ali Khan said on Friday that no one should do politics over the court's decision in the Panamagate case. "No further courts should be held to make comments over the verdict," the interior minister told a press conference h
Published 22 Apr, 2017 12:00am
The Weather

The Weather

The weather report on Friday (April 21, 2017) and the forecast for Saturday (April 22, 2017).

Published 22 Apr, 2017 12:00am
SC decision must be accepted by everyone: Nisar

SC decision must be accepted by everyone: Nisar

Interior Minister Chaudhry Nisar Ali Khan said on Friday that no one should do politics over the court's decision in the Panamagate case. "No further courts should be held to make comments over the verdict," the interior minister told a press conference h
Published 22 Apr, 2017 12:00am
Bullion Rates

Bullion Rates

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

Published 22 Apr, 2017 12:00am
SECP files criminal case against brokerage house

SECP files criminal case against brokerage house

The Securities and Exchange Commission of Pakistan (SECP) has filed a criminal complaint against a leading brokerage house for indulging in price manipulation activity called "spoofing". Based on an investigation spanning 2014 and 2015, the SECP found tha
Published 22 Apr, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 22 Apr, 2017 12:00am
SECP files criminal case against brokerage house

SECP files criminal case against brokerage house

The Securities and Exchange Commission of Pakistan (SECP) has filed a criminal complaint against a leading brokerage house for indulging in price manipulation activity called "spoofing". Based on an investigation spanning 2014 and 2015, the SECP found tha
Published 22 Apr, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 22 Apr, 2017 12:00am
SECP files criminal case against brokerage house

SECP files criminal case against brokerage house

The Securities and Exchange Commission of Pakistan (SECP) has filed a criminal complaint against a leading brokerage house for indulging in price manipulation activity called "spoofing". Based on an investigation spanning 2014 and 2015, the SECP found tha
Published 22 Apr, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 22 Apr, 2017 12:00am
NBP pre-tax profit up by 7.8 percent in Q1

NBP pre-tax profit up by 7.8 percent in Q1

Meeting of the Board of Directors (BoD) of National Bank of Pakistan (bank) was held on April 21, 2017 at Bank''''s Head Office in Karachi in which the BoD approved the financial statements of the bank for three months period ended March 31, 2017. With 7.
Published 22 Apr, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (April 21, 2017)

Published 22 Apr, 2017 12:00am
NBP pre-tax profit up by 7.8 percent in Q1

NBP pre-tax profit up by 7.8 percent in Q1

Meeting of the Board of Directors (BoD) of National Bank of Pakistan (bank) was held on April 21, 2017 at Bank''s Head Office in Karachi in which the BoD approved the financial statements of the bank for three months period ended March 31, 2017. With 7.8
Published 22 Apr, 2017 12:00am
NBP pre-tax profit up by 7.8 percent in Q1

NBP pre-tax profit up by 7.8 percent in Q1

Meeting of the Board of Directors (BoD) of National Bank of Pakistan (bank) was held on April 21, 2017 at Bank's Head Office in Karachi in which the BoD approved the financial statements of the bank for three months period ended March 31, 2017. With 7.8 p
Published 22 Apr, 2017 12:00am
NBP pre-tax profit up by 7.8 percent in Q1

NBP pre-tax profit up by 7.8 percent in Q1

Meeting of the Board of Directors (BoD) of National Bank of Pakistan (bank) was held on April 21, 2017 at Bank's Head Office in Karachi in which the BoD approved the financial statements of the bank for three months period ended March 31, 2017. With 7.8 p
Published 22 Apr, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 21, 2017).

Published 22 Apr, 2017 12:00am
Mob attacks man accused of blasphemy in Chitral

Mob attacks man accused of blasphemy in Chitral

A mob attacked a man accused of blasphemy during Friday prayers in Chitral town and injured six police officers after they intervened to rescue him, police said. It was the third blasphemy-related incident in country this month, after a student was beaten
Published 22 Apr, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 21, 2017).

Published 22 Apr, 2017 12:00am
Taliban kill 'more than 50' Afghan troops in army base attack

Taliban kill 'more than 50' Afghan troops in army base attack

Taliban gunmen wearing Afghan military uniforms launched an attack on an army base in northern Afghanistan Friday killing "more than 50 soldiers", officials said. Afghan commandos were deployed during the attack which lasted several hours and targeted sol
Published 22 Apr, 2017 12:00am
Taliban kill 'more than 50' Afghan troops in army base attack

Taliban kill 'more than 50' Afghan troops in army base attack

Taliban gunmen wearing Afghan military uniforms launched an attack on an army base in northern Afghanistan Friday killing "more than 50 soldiers", officials said. Afghan commandos were deployed during the attack which lasted several hours and targeted sol
Published 22 Apr, 2017 12:00am
Group organisers: SC tells government to allocate Hajj quotas on merit

Group organisers: SC tells government to allocate Hajj quotas on merit

While disposing of contempt pleas filed against the Secretary Ministry of Religious Affairs, the Supreme Court Friday asked the government to ensure transparency and merit in allotting Hajj quotas to fresh and old Hajj group organisers (HGOs). Advocate Mo
Published 22 Apr, 2017 12:00am
THE RUPEE: little changes
Currency

THE RUPEE: little changes

Slight changes were seen on the money market on Friday as the rupee moved in a tight range against the dollar on the money market in the process of trading, dealers said. The rupee inched up by two paisas versus the dollar for buying and selling at Rs 104
Published 22 Apr, 2017 12:00am
Group organisers: SC tells government to allocate Hajj quotas on merit

Group organisers: SC tells government to allocate Hajj quotas on merit

While disposing of contempt pleas filed against the Secretary Ministry of Religious Affairs, the Supreme Court Friday asked the government to ensure transparency and merit in allotting Hajj quotas to fresh and old Hajj group organisers (HGOs). Advocate Mo
Published 22 Apr, 2017 12:00am
THE RUPEE: little changes
Currency

THE RUPEE: little changes

Slight changes were seen on the money market on Friday as the rupee moved in a tight range against the dollar on the money market in the process of trading, dealers said. The rupee inched up by two paisas versus the dollar for buying and selling at Rs 104
Published 22 Apr, 2017 12:00am
Group organisers: SC tells government to allocate Hajj quotas on merit

Group organisers: SC tells government to allocate Hajj quotas on merit

While disposing of contempt pleas filed against the Secretary Ministry of Religious Affairs, the Supreme Court Friday asked the government to ensure transparency and merit in allotting Hajj quotas to fresh and old Hajj group organisers (HGOs). Advocate Mo
Published 22 Apr, 2017 12:00am
Group organisers: SC tells government to allocate Hajj quotas on merit

Group organisers: SC tells government to allocate Hajj quotas on merit

While disposing of contempt pleas filed against the Secretary Ministry of Religious Affairs, the Supreme Court Friday asked the government to ensure transparency and merit in allotting Hajj quotas to fresh and old Hajj group organisers (HGOs). Advocate Mo
Published 22 Apr, 2017 12:00am