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Print - 2017-06-17
OLMT poses permanent threat to Shalamar, heritage sites: ICOMOS

OLMT poses permanent threat to Shalamar, heritage sites: ICOMOS

International Council on Monuments and Sites (ICOMOS) in its draft decision said that Orange Line Metro Train (OLMT) poses an irreversible and permanent threat to Shalamar and Fort World Heritage Sites, which may be taken off the World Heritage register p
Published 17 Jun, 2017 12:00am
Interior ministry cancels Korean national's visa

Interior ministry cancels Korean national's visa

The Interior Ministry has cancelled the visa of South Korean owner of Urdu Academy in Quetta, sources said on Friday.The sources said it has established during the investigation into the kidnapping of the Chinese pair that the Korean national had arrived
Published 17 Jun, 2017 12:00am
UET Peshawar inks MoU with IM-Sciences

UET Peshawar inks MoU with IM-Sciences

The University of Engineering and Technology (UET) Peshawar and IM-Sciences have signed a Memorandum of Understanding (MoU) to collaborate activities in the sphere of capacity building of technical staff of public sector institutions under the project tit
Published 17 Jun, 2017 12:00am
PPP against shelving of Multan secretariat project

PPP against shelving of Multan secretariat project

Pakistan Peoples Party MPA Kh Nizam-ul-Mehmood has tabled a resolution in the assembly against closing down the project of Multan secretariat of the Punjab government.In his resolution, he has pointed out 38 meetings of 14 committees constituted for the p
Published 17 Jun, 2017 12:00am
Ramazan's third Friday congregations held with fervour

Ramazan's third Friday congregations held with fervour

The third 'Friday' of the holy month of Ramazan was observed here like other parts of the country with religious solemnity.There was unprecedented rush of the faithful at Juma congregations prayers and the mosques administration had to make additional arr
Published 17 Jun, 2017 12:00am
Shahbaz slams political opponents

Shahbaz slams political opponents

Punjab Chief Minister Muhammad Shahbaz Sharif has said the elements conspiring against the country's development and prosperity are indulged in the politics of lies and this mendacity cannot support their negative politics.Talking to a PML-N delegation, h
Published 17 Jun, 2017 12:00am
Karachi central jail: escapees used main gate, not boundary wall: CTD

Karachi central jail: escapees used main gate, not boundary wall: CTD

Officials of the Counter Terrorism Department (CTD) revealed on Friday that the central jail inmates who escaped late Wednesday night from the adjoining judicial complex changed their appearance in the judge's bathroom.The CTD has taken over the investiga
Published 17 Jun, 2017 12:00am
PCMEA urges SBP to allow export for another six months

PCMEA urges SBP to allow export for another six months

Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has demanded of the State Bank of Pakistan to extend the "export period" for further six months under its Export Finance Scheme Part-II.PCMEA Vice Chairman Riaz Ahmad said this after meeting
Published 17 Jun, 2017 12:00am
At source deduction from KP receipts unacceptable: Chief Minister
Cotton

At source deduction from KP receipts unacceptable: Chief Minister

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has expressed dislike over at-source deduction from provincial receipts by the federal government under national programme of provision of subsidized fertilizers and DAP for the farming community.Presiding
Published 17 Jun, 2017 12:00am
PIEDMC to set up grid station at RYK Industrial Estate

PIEDMC to set up grid station at RYK Industrial Estate

Punjab Industrial Estates Development and Management Company (PIEDMC) has announced to set up an independent grid station for Rahim Yar Khan Industrial Estate (RIE).PIEDMC Chairman Rizwan Khalid Butt revealed this while talking to a group of investors fro
Published 17 Jun, 2017 12:00am
Famous food outlet fined

Famous food outlet fined

The Punjab Food Authority (PFA) on Friday imposed a fine of Rs 200,000 to Pizza Hut situated on M M Alam road because of dirty premises and not having address of the production unit on eatables.Surprise checking was made by the DG PFA Noor Ul Amin Mengal
Published 17 Jun, 2017 12:00am
PPP worker's bail application to be heard today

PPP worker's bail application to be heard today

A Special Magistrate FIA will hear a bail application of a PPP worker on Saturday (today), who was arrested on a complaint of Dr Firdous Ashiq Awan under cyber laws.The FIA arrested Haseeb Zahid a day before for uploading inappropriate images of Dr Awan o
Published 17 Jun, 2017 12:00am
Members of Punjab Women Protection Authority notified

Members of Punjab Women Protection Authority notified

Punjab government has notified the members of the Punjab Women Protection Authority in terms of Section 3 of the Punjab Women Protection Authority Act 2017. The Authority, headed by Punjab chief minister will comprise of 16 members. Director General Strat
Published 17 Jun, 2017 12:00am
Farooq Sattar, Amir Khan's interim bail extended

Farooq Sattar, Amir Khan's interim bail extended

Anti-Terrorism Court (ATC) on Friday extended interim bail granted to Muttahida Qaumi Movement-Pakistan (MQM-P) chief Farooq Sattar, Amir Khan and others in provocative speech against state institutions and media houses attack case.The ATC heard bail appl
Published 17 Jun, 2017 12:00am
Sindh Finance Bill adopted with ruling PPP members' votes

Sindh Finance Bill adopted with ruling PPP members' votes

The Sindh Assembly on Friday adopted the 'Sindh Finance Bill 2017-18' to approve the fiscal budget amounting Rs1.043 trillion with Rs14 billion deficit, despite its rejection by the opposition.Although MQM's veteran, Syed Sardar Ahmed praised the bill, Kh
Published 17 Jun, 2017 12:00am
Sindh government bans pillion riding on Youm-e-Ali

Sindh government bans pillion riding on Youm-e-Ali

The Sindh Government has issued notifications banning pillion riding for motorcycles and scooters and the use of 'heli-cams' on the occasion on Youm-e-Ali (RA).The ban will be effective from 12am on Friday in Karachi and Hyderabad to maintain the law and
Published 17 Jun, 2017 12:00am
MCC (Appraisement) collects Rs 1.004 trillions in second week of June

MCC (Appraisement) collects Rs 1.004 trillions in second week of June

Model Customs Collectorate (MCC), Appraisement South has collected Rs 1.004 trillion in the second week of June with fifteen more days still to go until the end of the financial year.According to official details, the Appraisement South under the supervis
Published 17 Jun, 2017 12:00am
LTC starts SMS facility for private transport operators

LTC starts SMS facility for private transport operators

Lahore Transport Company (LTC) has started the new Short Message Service (SMS) to facilitate the private transport operators for making of new/renewal of route permit as well as on expiry of fitness certificate of public service vehicle carrying commuters
Published 17 Jun, 2017 12:00am
Dar reviews progress on border crossing complexes

Dar reviews progress on border crossing complexes

Finance Minister Muhammad Ishaq Dar Friday chaired a meeting to review the progress on the development of border crossing complexes at Torkham and Chaman as part of the Integrated Transit Trade Management System (ITTMS) project, says a press release.Finan
Published 17 Jun, 2017 12:00am
World Bank approves $223 millions package for Pakistan

World Bank approves $223 millions package for Pakistan

The World Bank approved a package of $223 million on Thursday to help millions of Pakistanis, especially women and the poor, to get access to financial services and to improve living conditions in parts of Karachi."The two new projects have a strong eleme
Published 17 Jun, 2017 12:00am
Three killed in Mardan firing

Three killed in Mardan firing

Three people, including a man and two women, were killed and a girl was injured when the vehicle they were in was fired at Friday morning on Swabi Road in Mardan.Initial investigation has revealed the incident was a result of an old enmity, where the man
Published 17 Jun, 2017 12:00am
Nehal gets a lawyer at last

Nehal gets a lawyer at last

The Supreme Court on Friday granted yet another opportunity to estranged Pakistan Muslim League-Nawaz (PML-N) Senator Nehal Hashmi to file a reply in a contempt of court case by next week.A three-member special bench led by Justice Ejaz Afzal Khan, who is
Published 17 Jun, 2017 12:00am
IT exports fail to achieve $5 billion target: P@SHA

IT exports fail to achieve $5 billion target: P@SHA

Pakistan information technology (IT) sector's reported exports remained $650 million against potential $5 billion for 2016-17 due to various reason especially visa issues, lack of quality human resource and stringent taxation by Federal Board of Revenue (
Published 17 Jun, 2017 12:00am
Prime Minister appears before Panama JIT

Prime Minister appears before Panama JIT

Prime Minister Nawaz Sharif has appeared before Joint Investigation Team (JIT) in an ongoing case that seems to have gripped the entire country and threatened to topple his government under Constitution's Articles 62 and 63. The six-member JIT had summone
Published 17 Jun, 2017 12:00am
US nears decisions on resettlement of Australian-held refugees
Exchange

US nears decisions on resettlement of Australian-held refugees

The United States will tell dozens of refugees held in an Australian-run offshore detention centre whether they will be offered resettlement in America within six weeks, two detainees told Reuters on Friday.The deadline marks the first concrete timetable
Published 17 Jun, 2017 12:00am
Not yet Amazon Prime time: Australia retail sell-off overblown?

Not yet Amazon Prime time: Australia retail sell-off overblown?

Since Amazon.com Inc said in late April, it would bring its Marketplace for third-party sellers to Australia, shares of leading bricks-and-mortar retailers have tumbled on fears their growth prospects would be hit.More than $3 billion, or over 4 percent,
Published 17 Jun, 2017 12:00am
Investor-friendly Punjab

Investor-friendly Punjab

The province of Punjab enjoys the reputation of being a very investor-friendly province of Pakistan. The Chief Minister of Punjab personally takes the lead to handhold the induction of an investor in Punjab and seldom misses an opportunity to meet foreign
Published 17 Jun, 2017 12:00am
JIT report: impediments and questions
Exchange

JIT report: impediments and questions

A disturbing aspect of the report the Joint Investigation Team (JIT) probing corruption allegations against the Prime Minister and his family submitted before a Supreme Court bench is that both government institutions and the investigators seem to be tryi
Published 17 Jun, 2017 12:00am
Budget approval sans opposition
Exchange

Budget approval sans opposition

The National Assembly passed the Finance Bill 2017 and for the first time in its history, no cut motions were raised due to the absence of opposition parties. This is an extremely disturbing precedence and is yet another example of the Sharif administrati
Published 17 Jun, 2017 12:00am
Russia says may have killed IS chief Abu Bakr al-Baghdadi

Russia says may have killed IS chief Abu Bakr al-Baghdadi

The Russian army on Friday said it was seeking to verify whether Islamic State chief Abu Bakr al-Baghdadi was killed when its warplanes hit the group's leaders in a night raid in Syria last month. The United States said it could not immediately confirm wh
Published 17 Jun, 2017 12:00am
Russia says may have killed IS chief Abu Bakr al-Baghdadi

Russia says may have killed IS chief Abu Bakr al-Baghdadi

The Russian army on Friday said it was seeking to verify whether Islamic State chief Abu Bakr al-Baghdadi was killed when its warplanes hit the group's leaders in a night raid in Syria last month. The United States said it could not immediately confirm wh
Published 17 Jun, 2017 12:00am
The Weather

The Weather

The weather report on Friday (June 16, 2017) and the forecast for Saturday (June 17, 2017).

Published 17 Jun, 2017 12:00am
China-Pakistan Study Centre inaugurated
Exchange

China-Pakistan Study Centre inaugurated

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz on Friday said that Pakistan and China are "iron brothers" and the friendship between the two countries crossed new thresholds in the past four years and culminated in China-Pakistan Economic Co
Published 17 Jun, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 16, 2017).

Published 17 Jun, 2017 12:00am
China-Pakistan Study Centre inaugurated
Exchange

China-Pakistan Study Centre inaugurated

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz on Friday said that Pakistan and China are "iron brothers" and the friendship between the two countries crossed new thresholds in the past four years and culminated in China-Pakistan Economic Co
Published 17 Jun, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 16, 2017).

Published 17 Jun, 2017 12:00am
China-Pakistan Study Centre inaugurated
Exchange

China-Pakistan Study Centre inaugurated

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz on Friday said that Pakistan and China are "iron brothers" and the friendship between the two countries crossed new thresholds in the past four years and culminated in China-Pakistan Economic Co
Published 17 Jun, 2017 12:00am
Discos'' consumers: CPPA proposes Rs 1.90 per unit refund for May

Discos'' consumers: CPPA proposes Rs 1.90 per unit refund for May

The Central Power Purchasing Agency-Guaranteed (CCPA-G) has proposed a refund of Rs 1.90 per unit to the consumers of Distribution Companies (Discos) for May 2017 under monthly fuel adjustment mechanism.National Electric Power Regulatory Authority (Nepra)
Published 17 Jun, 2017 12:00am
Discos' consumers: CPPA proposes Rs 1.90 per unit refund for May

Discos' consumers: CPPA proposes Rs 1.90 per unit refund for May

The Central Power Purchasing Agency-Guaranteed (CCPA-G) has proposed a refund of Rs 1.90 per unit to the consumers of Distribution Companies (Discos) for May 2017 under monthly fuel adjustment mechanism.National Electric Power Regulatory Authority (Nepra)
Published 17 Jun, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (June 16, 2017).

Published 17 Jun, 2017 12:00am
Discos' consumers: CPPA proposes Rs 1.90 per unit refund for May

Discos' consumers: CPPA proposes Rs 1.90 per unit refund for May

The Central Power Purchasing Agency-Guaranteed (CCPA-G) has proposed a refund of Rs 1.90 per unit to the consumers of Distribution Companies (Discos) for May 2017 under monthly fuel adjustment mechanism.National Electric Power Regulatory Authority (Nepra)
Published 17 Jun, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (June 16, 2017)

Published 17 Jun, 2017 12:00am
Indian court convicts six over deadly Mumbai blasts
Exchange

Indian court convicts six over deadly Mumbai blasts

An Indian court on Friday convicted six men over serial bomb blasts in the commercial capital Mumbai more than two decades ago that killed hundreds, the nation's deadliest attack. They were found guilty of involvement in a series of coordinated bomb attac
Published 17 Jun, 2017 12:00am
Indian court convicts six over deadly Mumbai blasts
Exchange

Indian court convicts six over deadly Mumbai blasts

An Indian court on Friday convicted six men over serial bomb blasts in the commercial capital Mumbai more than two decades ago that killed hundreds, the nation's deadliest attack. They were found guilty of involvement in a series of coordinated bomb attac
Published 17 Jun, 2017 12:00am
Anger boils over as London fire toll hits 30

Anger boils over as London fire toll hits 30

Angry residents stormed local authority headquarters on Friday demanding justice as the death toll from the London tower block fire reached 30, with dozens more unaccounted for. Firefighters continued the grim search for human remains in the burnt-out she
Published 17 Jun, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 16, 2017).

Published 17 Jun, 2017 12:00am
Anger boils over as London fire toll hits 30

Anger boils over as London fire toll hits 30

Angry residents stormed local authority headquarters on Friday demanding justice as the death toll from the London tower block fire reached 30, with dozens more unaccounted for. Firefighters continued the grim search for human remains in the burnt-out she
Published 17 Jun, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 16, 2017).

Published 17 Jun, 2017 12:00am
MoC clarification

MoC clarification

This is apropos a news item carried by Business Recorder on 16th June 2017 under the caption "Thousands of tons of sugar stuck at Chaman". Ministry of Commerce would like to clarify that contrary to the impression created in the news story, there
Published 17 Jun, 2017 12:00am
MoC clarification

MoC clarification

This is apropos a news item carried by Business Recorder on 16th June 2017 under the caption "Thousands of tons of sugar stuck at Chaman". Ministry of Commerce would like to clarify that contrary to the impression created in the news story, there
Published 17 Jun, 2017 12:00am
MoC clarification

MoC clarification

This is apropos a news item carried by Business Recorder on 16th June 2017 under the caption "Thousands of tons of sugar stuck at Chaman". Ministry of Commerce would like to clarify that contrary to the impression created in the news story, there
Published 17 Jun, 2017 12:00am
THE RUPEE: little changes

THE RUPEE: little changes

The rupee depicted minor changes against the dollar on the money market on Friday in the process of trading, dealers said. The rupee shed one paisa versus the dollar for buying and selling at Rs 104.88 and Rs 104.89 respectively, dealers said.
Published 17 Jun, 2017 12:00am
Amazon to buy Whole Foods Market for $13.7 billion

Amazon to buy Whole Foods Market for $13.7 billion

Amazon is once again shaking up the retail sector, with the announcement Friday it will acquire upscale US grocer Whole Foods Market, known for its pricey organic options, in a deal that underscores the online giant''s growing influence in the economy.In
Published 17 Jun, 2017 12:00am
THE RUPEE: little changes

THE RUPEE: little changes

The rupee depicted minor changes against the dollar on the money market on Friday in the process of trading, dealers said. The rupee shed one paisa versus the dollar for buying and selling at Rs 104.88 and Rs 104.89 respectively, dealers said.
Published 17 Jun, 2017 12:00am
Amazon to buy Whole Foods Market for $13.7 billion

Amazon to buy Whole Foods Market for $13.7 billion

Amazon is once again shaking up the retail sector, with the announcement Friday it will acquire upscale US grocer Whole Foods Market, known for its pricey organic options, in a deal that underscores the online giant's growing influence in the economy.In t
Published 17 Jun, 2017 12:00am
Amazon to buy Whole Foods Market for $13.7 billion

Amazon to buy Whole Foods Market for $13.7 billion

Amazon is once again shaking up the retail sector, with the announcement Friday it will acquire upscale US grocer Whole Foods Market, known for its pricey organic options, in a deal that underscores the online giant's growing influence in the economy.In t
Published 17 Jun, 2017 12:00am
Marriyum for using modern, creative medium of films

Marriyum for using modern, creative medium of films

Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb Friday said that it was imperative to use the modern and creative medium of films to promote and project culture, heritage, traditions and screen tourism.She made the
Published 17 Jun, 2017 12:00am
10 killed in violence across IHK

10 killed in violence across IHK

Separate clashes in Indian-held Kashmir killed 10 people - five police officers, a soldier, two civilians and two freedom fighters, authorities said Friday, as violence in the troubled region spikes.Freedom fighters ambushed a police patrol in the town of
Published 17 Jun, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (June 16, 2017).

Published 17 Jun, 2017 12:00am
Terrorism should not be linked to any religion or belief: CoAS

Terrorism should not be linked to any religion or belief: CoAS

Army Chief General Qamar Javed Bajwa says Pakistan has fought terrorism indiscriminately and this menace to be eliminated through the operation Radd-ul-Fasaad.He was addressing participants of National Security and War Course at National Defence Universit
Published 17 Jun, 2017 12:00am
Terrorism should not be linked to any religion or belief: CoAS

Terrorism should not be linked to any religion or belief: CoAS

Army Chief General Qamar Javed Bajwa says Pakistan has fought terrorism indiscriminately and this menace to be eliminated through the operation Radd-ul-Fasaad.He was addressing participants of National Security and War Course at National Defence Universit
Published 17 Jun, 2017 12:00am
Award of contract: government accused of violating rules

Award of contract: government accused of violating rules

Senator Saleem Mandviwalla of Pakistan People''s Party (PPP) on Friday claimed that the government is violating rules by awarding the contract of a project worth Rs61 billion to a Chinese company for extension of Allama Iqbal International Airport Lahore.
Published 17 Jun, 2017 12:00am
Award of contract: government accused of violating rules

Award of contract: government accused of violating rules

Senator Saleem Mandviwalla of Pakistan People's Party (PPP) on Friday claimed that the government is violating rules by awarding the contract of a project worth Rs61 billion to a Chinese company for extension of Allama Iqbal International Airport Lahore.T
Published 17 Jun, 2017 12:00am
Award of contract: government accused of violating rules

Award of contract: government accused of violating rules

Senator Saleem Mandviwalla of Pakistan People's Party (PPP) on Friday claimed that the government is violating rules by awarding the contract of a project worth Rs61 billion to a Chinese company for extension of Allama Iqbal International Airport Lahore.T
Published 17 Jun, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 17 Jun, 2017 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 17 Jun, 2017 12:00am
IMF sees favourable outlook for economy
Exchange

IMF sees favourable outlook for economy

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Pakistan. Pakistan''''s outlook for economic growth is favorable, with real GDP estimated at 5.3 percent in FY 2016/17 and strengthening to 6 percent o
Published 17 Jun, 2017 12:00am
IMF sees favourable outlook for economy
Exchange

IMF sees favourable outlook for economy

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Pakistan. Pakistan''s outlook for economic growth is favorable, with real GDP estimated at 5.3 percent in FY 2016/17 and strengthening to 6 percent ove
Published 17 Jun, 2017 12:00am
IMF sees favourable outlook for economy
Exchange

IMF sees favourable outlook for economy

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Pakistan. Pakistan's outlook for economic growth is favorable, with real GDP estimated at 5.3 percent in FY 2016/17 and strengthening to 6 percent over
Published 17 Jun, 2017 12:00am
IMF sees favourable outlook for economy
Exchange

IMF sees favourable outlook for economy

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Pakistan. Pakistan's outlook for economic growth is favorable, with real GDP estimated at 5.3 percent in FY 2016/17 and strengthening to 6 percent over
Published 17 Jun, 2017 12:00am
BRIndex30 sheds 11.71 points

BRIndex30 sheds 11.71 points

On Friday, BRIndex30 opened at 24,983.91 points. It touched an intraday high of 25,168.41 points and an intraday low of 24,888.15 points and closed at 24,972.20 points which was -11.71 points or -0.05 percent lower than previous close. Total volume was 58
Published 17 Jun, 2017 12:00am
BRIndex30 sheds 11.71 points

BRIndex30 sheds 11.71 points

On Friday, BRIndex30 opened at 24,983.91 points. It touched an intraday high of 25,168.41 points and an intraday low of 24,888.15 points and closed at 24,972.20 points which was -11.71 points or -0.05 percent lower than previous close. Total volume was 58
Published 17 Jun, 2017 12:00am
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