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Print - 2017-07-07
Two dead as strong quake hits Philippines

Two dead as strong quake hits Philippines

A 6.5-magnitude earthquake killed at least two people in the central Philippines on Thursday, with more than five people still trapped inside a collapsed commercial building, officials said. An 18-year-old woman died after being hit by falling debris in O
Published 07 Jul, 2017 12:00am
'Grandaddy of techno' Pierre Henry dies

'Grandaddy of techno' Pierre Henry dies

French electronic composer Pierre Henry - whose music inspired the theme tune of the American animated television series "Futurama" - has died at the age of 89, his assistant said Thursday. Known as the "grandfather of techno", Henry's "Psyche Rock" riff
Published 07 Jul, 2017 12:00am
Gorbachev urges Trump and Putin to 'rebuild trust'

Gorbachev urges Trump and Putin to 'rebuild trust'

The last Soviet leader, Mikhail Gorbachev, on Thursday urged Donald Trump and Vladimir Putin to restore trust between the United States and Russia a day ahead of their first meeting in Hamburg. "Above all it is good that this meeting is finally happening,
Published 07 Jul, 2017 12:00am
Bangladesh holding hundreds in secret jails: HRW

Bangladesh holding hundreds in secret jails: HRW

Bangladesh has secretly detained hundreds of people including scores of opposition activists, many of whom have later been killed, a rights group said Thursday. The Human Rights Watch report, released days after the alleged abduction of a high-profile gov
Published 07 Jul, 2017 12:00am
Spacecraft unveiled for first Europe mission to Mercury

Spacecraft unveiled for first Europe mission to Mercury

European and Japanese scientists Thursday proudly unveiled the BepiColombo spacecraft ahead of its seven-year journey to Mercury, to explore one of the Solar System's most enigmatic planets. Set for launch in 2018, BepiColombo will be the European Space A
Published 07 Jul, 2017 12:00am
Mars surface 'more uninhabitable' than thought

Mars surface 'more uninhabitable' than thought

Hopes of finding life on Mars, at least on the surface, were dealt a blow Thursday by a study revealing that salt minerals present on the Red Planet kill bacteria. In lab tests on Earth, the compounds known as perchlorates killed cultures of the bacteria
Published 07 Jul, 2017 12:00am
Scientists unveil doubly-charmed new particle

Scientists unveil doubly-charmed new particle

European scientists said Thursday they have discovered a new subatomic particle containing a never-before-seen combination of quarks - the most basic building blocks of matter. The particle, a baryon dubbed Xicc++, contains two heavy "charm" quarks and on
Published 07 Jul, 2017 12:00am
ICE cotton rises
Cotton

ICE cotton rises

ICE cotton futures rose on Wednesday on bargain hunting after prices hit a more-than one-week low earlier on favourable weather in major growing regions. Cotton contracts for December settled up 0.21 cent, or 0.31 percent, at 67.66 cents per lb, after tra
Published 07 Jul, 2017 12:00am
Shanghai copper slips
Exchange

Shanghai copper slips

Shanghai Futures Exchange copper slipped 0.5 percent to 46,960 yuan ($6,903) a tonne on Thursday underpinned by a weaker dollar and the threat of strikes at mines in Chile. "Rallies remain short-lived, with investors reluctant to chase prices higher until
Published 07 Jul, 2017 12:00am
Aluminium hits highest since end-May, copper up
Exchange

Aluminium hits highest since end-May, copper up

Aluminium prices climbed to more than five-week highs on Thursday as worries about supply from top producer China escalated on market talk that local smelters would be forced to shut capacity. Benchmark aluminium on the London Metal Exchange ended up 0.8
Published 07 Jul, 2017 12:00am
Oil rally fades, even after bullish inventory figures

Oil rally fades, even after bullish inventory figures

Oil futures rose on Thursday, but were off the day's highs, despite a sharper-than-expected decline in crude oil and gasoline stocks. Oil has not sustained gains for more than a couple of weeks since investors became increasingly concerned about the overh
Published 07 Jul, 2017 12:00am
Rubber down
Exchange

Rubber down

Benchmark Tokyo rubber futures pared losses by the close on Thursday, reflecting a rebound in Shanghai counterparts and global oil prices. The Tokyo Commodity Exchange rubber contract for December delivery finished 1 yen lower at 196.5 yen ($1.73) per kg
Published 07 Jul, 2017 12:00am
Malaysian palm sees fourth day of gains
Exchange

Malaysian palm sees fourth day of gains

Malaysian palm oil futures rose to their highest in over a month on Thursday evening, charting a fourth consecutive day of gains, tracking strength in related edible oils on China's Dalian Commodity Exchange. Forecasts of falling production also lent supp
Published 07 Jul, 2017 12:00am
Cocoa falls, sugar up

Cocoa falls, sugar up

Cocoa futures on ICE fell on Thursday, as traders returned their focus to expectations for abundant supplies and lackluster demand, while raw sugar followed larger commodity markets higher as the dollar dropped. September London cocoa settled down 21 poun
Published 07 Jul, 2017 12:00am
Gold flat in Asia
Exchange

Gold flat in Asia

Gold held steady on Thursday, after hitting an eight-week low in the previous session, as the Federal Reserve minutes released on Wednesday showed the central bank was split on how inflation might affect the future pace of interest rate hikes. Spot gold w
Published 07 Jul, 2017 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold steadied on Thursday off the previous day's two-month low after weaker than expected private sector payrolls data fed into a more cautious view on the pace of US interest rate hikes this year. The metal remained hemmed into a narrow range, however, a
Published 07 Jul, 2017 12:00am
US MIDDAY: wheat, corn drop

US MIDDAY: wheat, corn drop

US wheat futures fell on Thursday, shrugging off signs of further deterioration in already stressed crops, on a round of profit-taking following a rally to multi-year highs, traders said. Corn futures also fell, pressured by the US Agriculture Department'
Published 07 Jul, 2017 12:00am
US MIDDAY: gold eases

US MIDDAY: gold eases

Gold eased but hovered above the previous session's two-month low early on Thursday as weaker-than-expected private sector payrolls data fed into a more cautious view on the pace of US interest rate hikes this year and Treasury yields firmed. The metal re
Published 07 Jul, 2017 12:00am
Action against NTDC MD likely

Action against NTDC MD likely

Federal government is likely to initiate action against Managing Director National Transmission and Dispatch Company (NTDC) Dr Fiaz Ahmad Chaudhry for failing to complete projects related to CPEC projects, well informed sources told Business Recorder <
Published 07 Jul, 2017 12:00am
'ADB requested to provide soft loan of $50-70 millions'

'ADB requested to provide soft loan of $50-70 millions'

Chairman Technical Education and Vocational Training Authority (TEVTA) Irfan Qaiser Sheikh on Thursday said that authority has requested Asian Development Bank (ADB) to provide a soft loan of 50 to 70 million dollars which will be used for providing inter
Published 07 Jul, 2017 12:00am
Directorate of I&I-IR unearths case of massive tax evasion

Directorate of I&I-IR unearths case of massive tax evasion

Directorate of Intelligence & Investigation-Inland Revenue (IR), Islamabad has unearthed a case of developer and builder involved in massive tax evasion and concealment of income, causing huge revenue loss in property transactions.
Published 07 Jul, 2017 12:00am
PCSF rejects new taxes on non-profit organizations

PCSF rejects new taxes on non-profit organizations

The Pakistan Civil Society Forum (PCSF) has rejected new taxes imposed on non-profit organisations (NPOs) in the Finance Bill 2018 and termed them unreasonable. While talking to Business Recorder on Thursday, convener of the PCSF Muhammad Tahseen s
Published 07 Jul, 2017 12:00am
PCSF rejects new taxes on non-profit organizations

PCSF rejects new taxes on non-profit organizations

The Pakistan Civil Society Forum (PCSF) has rejected new taxes imposed on non-profit organisations (NPOs) in the Finance Bill 2018 and termed them unreasonable. While talking to Business Recorder on Thursday, convener of the PCSF Muhammad Tahseen s
Published 07 Jul, 2017 12:00am
Pizza bytes! Pakistan enchanted by first robot waitresses

Pizza bytes! Pakistan enchanted by first robot waitresses

Pakistan's first robot waitresses are serving up smiles for customers at an upscale pizza restaurant in the ancient city of Multan, better known for its centuries-old Sufi shrines, mango orchards and handicrafts. Rabia, Annie and Jennie greet customers an
Published 07 Jul, 2017 12:00am
Federal Cabinet's decision of amending Nepra Act suspended

Federal Cabinet's decision of amending Nepra Act suspended

The Lahore High Court on Thursday suspended the decision of federal Cabinet regarding amendment in National Electric Power Regulatory Authority (Nepra) Act ignoring recommendation of the Council of Common Interest (CII). Chief Justice Syed Mansoor Ali sha
Published 07 Jul, 2017 12:00am
'Making institutions controversial is enmity with Pakistan'

'Making institutions controversial is enmity with Pakistan'

President Pakistan Muslim League -Q (PML-Q) and former Prime Minister Ch Shujat Hussain and senior central leader and former Chief Minister Punjab Ch Parvez Elahi have said that making judiciary and military institutions controversial is enmity with Pakis
Published 07 Jul, 2017 12:00am
ADB playing key role in economic uplift of Punjab: minister

ADB playing key role in economic uplift of Punjab: minister

As many as nine projects worth 1077.85 million dollars are being executed through the Asian Development Bank (ADB) in Punjab which includes rehabilitation of irrigation system, energy and protection against flood devastations. Provincial Minister for Fina
Published 07 Jul, 2017 12:00am
Ahmedpur tragedy: oil tanker lacked Ogra's safety standards

Ahmedpur tragedy: oil tanker lacked Ogra's safety standards

Oil and Gas Regulatory Authority (Ogra) on Thursday said the oil tanker that caught blaze in Ahmedpur Sharqia and burned more than 200 people lacked safety standards. The tanker rented from Shell Oil Company was half empty when the mishap took place where
Published 07 Jul, 2017 12:00am
Business community seeks withdrawal of heavy slabs of taxes

Business community seeks withdrawal of heavy slabs of taxes

The one-day businessmen and traders' national conference on Thursday unanimously demanded of the government to withdraw unjustified heavy slabs of taxes on industry that has pushed the production cost significantly up. The business and trade leaders while
Published 07 Jul, 2017 12:00am
Role of PAF lauded for safeguarding geographical frontiers, airspace

Role of PAF lauded for safeguarding geographical frontiers, airspace

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has praised Pakistan Air Force (PAF) for its dynamic role in safeguarding geographical frontiers and air space of the motherland. He while appreciating its contributions towards aviation and aeronautical en
Published 07 Jul, 2017 12:00am
Panelists for steps to overcome hunger, food insecurity

Panelists for steps to overcome hunger, food insecurity

Panelists at an interactive session have demanded of the policymakers to take concrete measures to overcome mal-nutrition, hunger and food insecurity issues in the country, besides achieving the sustainable development goals-2 (Zero Hunger) as per global
Published 07 Jul, 2017 12:00am
Memorandum on the Companies Act, 2017 - I
Exchange

Memorandum on the Companies Act, 2017 - I

Preface The Corporate Law provides a framework within which formal business enterprises function and helps regulates a multitude of interactions between various stakeholders in the corporate sector. It also supports the infrastructure behind a coun
Published 07 Jul, 2017 12:00am
Memorandum on the Companies Act, 2017 - I
Exchange

Memorandum on the Companies Act, 2017 - I

Preface The Corporate Law provides a framework within which formal business enterprises function and helps regulates a multitude of interactions between various stakeholders in the corporate sector. It also supports the infrastructure behind a coun
Published 07 Jul, 2017 12:00am
Memorandum on the Companies Act, 2017 - I
Exchange

Memorandum on the Companies Act, 2017 - I

Preface The Corporate Law provides a framework within which formal business enterprises function and helps regulates a multitude of interactions between various stakeholders in the corporate sector. It also supports the infrastructure behind a coun
Published 07 Jul, 2017 12:00am
China plans to launch cargo service to Pakistan through CPEC

China plans to launch cargo service to Pakistan through CPEC

China is planning to launch a road and rail freight service to Pakistan through the multi-billion dollar China-Pakistan Economic Corridor. The new line will start from Lanzhou, capital of northwestern China's Gansu Province, travelling through Kashgar in
Published 07 Jul, 2017 12:00am
Chinese delegation to visit sites proposed for SEZs

Chinese delegation to visit sites proposed for SEZs

A high-level delegation of National Development and Reform Commission China is scheduled to arrive in Pakistan on July 10, to visit the sites proposed for setting up Special Economic Zones (SEZs) under China-Pakistan Economic Corridor (CPEC). A spokespers
Published 07 Jul, 2017 12:00am
3,000 cops to be recruited for CPEC projects: KP IGP

3,000 cops to be recruited for CPEC projects: KP IGP

Inspector General (IG) Khyber Pakhtunkhwa Police Salahuddin Mehsud said on Wednesday that the provincial government would recruit 3000 policemen to safeguard the projects related to China Pakistan Economic Corridor (CPEC). Talking to media persons during
Published 07 Jul, 2017 12:00am
Minister lauds working of MPCL

Minister lauds working of MPCL

Minister for Petroleum & Natural Resources, Shahid Khaqan Abbasi visited Mari Petroleum Company Ltd (MPCL) Head Office in Islamabad on Thursday and appreciated the operational performance of MPCL in the fields of exploration and production. The minister w
Published 07 Jul, 2017 12:00am
Pak-Iran FTA talks in Islamabad next week

Pak-Iran FTA talks in Islamabad next week

The 2nd round of negotiations on Free Trade Agreement (FTA) between Iran and Pakistan is due to start in Islamabad on Monday next. During the meeting, the two sides will discuss ways and means for enhancing bilateral trade ties. Reviewing mutual trade lis
Published 07 Jul, 2017 12:00am
There will be no load-shedding of gas in winter: Abbasi

There will be no load-shedding of gas in winter: Abbasi

Minister for Petroleum & Natural Resources Shahid Khaqan Abbasi claimed on Thursday that there will be almost zero gas load-shedding in coming winter. Addressing a function here, he revealed that two million new gas connections were provided in four years
Published 07 Jul, 2017 12:00am
OGDCL, Gazprom sign MoU

OGDCL, Gazprom sign MoU

The Oil and Gas Development Company Limited (OGDCL) and Gazprom International Thursday entered a memorandum of understanding (MoU) for mutual cooperation, joint ventures and use of state-of-the-art technology in oil and gas exploration and development.
Published 07 Jul, 2017 12:00am
Telenor to provide telecom services to NTC customers

Telenor to provide telecom services to NTC customers

The Government of Pakistan and Telenor Pakistan have signed an agreement for provision of telecom services to NTC customers across Pakistan, through their mobile network, says a press release. Under the agreement between NTC and Telenor, Telenor will prov
Published 07 Jul, 2017 12:00am
Load-shedding for industry to end by November: IESCO chief

Load-shedding for industry to end by November: IESCO chief

Basit Zaman, Chief Executive Officer, Islamabad Electric Supply Company (IESCO) on Thursday said that work on many energy projects was in full swing and loadshedding for industry would be eliminated by the end of November this year. He was talking to a de
Published 07 Jul, 2017 12:00am
Cops trained to facilitate tourists in KP

Cops trained to facilitate tourists in KP

A training workshop was held in Mingora for the police personnel of Swat and Abbottabad to facilitate the tourists visiting the scenic spots in Khyber Pakhtunkhwa. Pakistan-Austrian Institute of Tourism & Hotel Management (PAITHOM) and Tourism Corporation
Published 07 Jul, 2017 12:00am
Mechanism to reduce power tariffs for industries being evolved

Mechanism to reduce power tariffs for industries being evolved

National Electric Power Regulatory Authority (Nepra) is to formulate a mechanism to cross subsidize Rs 3 per unit subsidy beyond June 30, 2017 extended to the industrial sector across Pakistan under Industrial Support Package (ISP), well informed sources
Published 07 Jul, 2017 12:00am
Nokia smartphones to feature ZEISS optics

Nokia smartphones to feature ZEISS optics

HMD Global, the home of Nokia phones, and ZEISS has jointly announced the signing of an exclusive partnership that aims to set new imaging standards within the smartphone industry. This long-term agreement builds on the shared history and expertise betwee
Published 07 Jul, 2017 12:00am
US-Pakistan Centre for Advanced Study opens at MUET

US-Pakistan Centre for Advanced Study opens at MUET

Provincial Minister for Education Jam Methab Hussain Dehar along with USAID Mission Director Jerry Bisson and Deputy Mission Director Denise Herbal inaugurated a newly established building of "US-Pakistan Center for Advanced Study" at Mehran University of
Published 07 Jul, 2017 12:00am
Murder of jail superintendent: Five members of banned outfits arrested

Murder of jail superintendent: Five members of banned outfits arrested

The Counter Terrorism Department (CTD) arrested five members of banned outfits involved in murder of police official, recovered Avan bombs, grenades and weapons from their possession here on Thursday. SSP CTD Muneer Sheikh said that on a tip-off an operat
Published 07 Jul, 2017 12:00am
CarFirst achieves tremendous growth within first six months

CarFirst achieves tremendous growth within first six months

Strong demand, national expansion, fueled by innovation and implementation of international best practices, served as primary drivers of success for CarFirst. CarFirst provides car sellers a safe and hassle free process to get their cars inspected and sol
Published 07 Jul, 2017 12:00am
SBP appoints primary dealers for fiscal year 2018

SBP appoints primary dealers for fiscal year 2018

The State Bank of Pakistan (SBP) has appointed primary dealers for the financial year 2017-18. Applications were invited for selection of Primary Dealers for the Financial Year (FY) 2017-18 vide DMMD Circular No. 06 dated May 18, 2017 from all Banks, Inve
Published 07 Jul, 2017 12:00am
Bed-wear textile export up by 3.22 percent

Bed-wear textile export up by 3.22 percent

Pakistan's bed-wear textile export grew by 3.22 percent to $1.922 billion in July-May 2016-2017, according to official figures. Growth in bed-wear textile export stands at $59.945 million in July-May 2016-2017 from $1.862 billion in July-May 2015-2016, Pa
Published 07 Jul, 2017 12:00am
Prices of fruits, veggies likely to go up

Prices of fruits, veggies likely to go up

Vegetables and fruits prices have started increasing and likely to increase more in couple of days due to short supply. According to traders the supply of vegetables had reduced drastically from upcountry due to heavy rain. Vegetable sellers are expecting
Published 07 Jul, 2017 12:00am
SC expresses anger over inaction against Sindh police high-ups

SC expresses anger over inaction against Sindh police high-ups

The Supreme Court has expressed anger over inaction against high-ups in the Sindh police who have been involved in illegal activities in Karachi. The case regarding action against police officials was heard in the Karachi registry of the Supreme Court on
Published 07 Jul, 2017 12:00am
Government's move to disband EDB worries PAAPAM

Government's move to disband EDB worries PAAPAM

The auto sector growth, which starts progressing after new auto policy, is likely to be moribund again in case of disbanding the Engineering Development Board (EDB). This was stated by Mashood Ali Khan chairman Pakistan Association of Automotive Parts and
Published 07 Jul, 2017 12:00am
NIB Bank to merge into MCB Bank today
Exchange

NIB Bank to merge into MCB Bank today

The scheme of amalgamation of NIB Bank with and into MCB Bank shall come into force with effect from the effective date ie July 07, 2017 and consequently, NIB Bank will cease to exist as an independent entity and stands merged into MCB. The State Bank of
Published 07 Jul, 2017 12:00am
PKI announces protest rally on August 7

PKI announces protest rally on August 7

The Pakistan Kissan Ittehad (PKI) has announced to once again stage a demonstration in the federal capital on August 7, 2017, if the government failed to get dues of the sugarcane farmers cleared by that time outstanding against the sugar millers. The PKI
Published 07 Jul, 2017 12:00am
PAF renders countless sacrifices for elimination of terrorism: Ahsan

PAF renders countless sacrifices for elimination of terrorism: Ahsan

The groundbreaking ceremony of Aviation City and Air University Aerospace and Aviation Campus was held at PAC Kamra. Federal Minister for Planning, Development and Reforms Ahsan Iqbal was the chief guest of the ceremony. Air Chief Marshal, Sohail Aman, Ch
Published 07 Jul, 2017 12:00am
Lawyers demand Prime Minister's resignation

Lawyers demand Prime Minister's resignation

The lawyer fraternity on Thursday demanded resignation of Prime Minister (PM) Nawaz Sharif in a rally took out at the Mall. The members Lahore High Court Bar Association took out rally from GPO Chowk to Punjab Assembly vowing that they would continue thei
Published 07 Jul, 2017 12:00am
Imran's counsel submits chart of money trail in SC

Imran's counsel submits chart of money trail in SC

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan's counsel Naeem Bokhari on Thursday said that Jemima Khan had sent Rs 40.8 million remittances to one Rashid Ali Khan for purchasing Khan's Banigala land in Islamabad. Pakistan Muslim League-Nawaz leader
Published 07 Jul, 2017 12:00am
NAFA Stock Fund posts 33.7 percent return

NAFA Stock Fund posts 33.7 percent return

NAFA Stock Fund has posted a return of 33.7 percent during the financial year ending on June 30, 2017, versus a 23.2 percent return on the KSE 100 index. Thus the Fund outperformed the stock market by 10.5 percent. The fund size of NAFA stock Fund grew fr
Published 07 Jul, 2017 12:00am
Four killed in rain related incidents

Four killed in rain related incidents

Four persons were killed and more than two dozen injured, three of them seriously in incidents of roof collapsing and electrocution during heavy rains, winds and thunderstorm, here on Thursday.
Published 07 Jul, 2017 12:00am
Zardari criticises Imran, Nawaz & Musharraf

Zardari criticises Imran, Nawaz & Musharraf

Co-Chairman of Pakistan Peoples Party (PPP) Asif Ali Zardari slammed Prime Minister Nawaz Sharif and Pakistan Tehreek-e-Insaf chief Imran Khan in his latest speech. Zardari also taken a hard hit at the government by calling out the ruling party and declar
Published 07 Jul, 2017 12:00am
More than 200 feeders tripped

More than 200 feeders tripped

More than 200 feeders got tripped due to rain at the Lahore Electric Supply Company (LESCO) network on Thursday. The relevant areas of city plunged into darkness with the tripping of feeders with severe faults in four grids. The LESCO spokesman said effor
Published 07 Jul, 2017 12:00am
Thalian JV Project: NA body seeks complete report

Thalian JV Project: NA body seeks complete report

The Standing Committee on Housing and Works Thursday sought a complete report on Thalian Joint Venture Housing Project in its next meeting from the Federal Government Employees Housing Foundation (FGEHF). The committee met under the chairmanship of MNA Ha
Published 07 Jul, 2017 12:00am
WWB workers' protest enters second day

WWB workers' protest enters second day

To press the government in favour of their demands, employees of the Workers Welfare Board (WWB) and Muttahida Labour Federation continued their protest on the second consecutive day on Thursday. Amid placards and banners inscribed in favour of their dema
Published 07 Jul, 2017 12:00am
Rehman terms Raymond's book 'a pack of lies'
Exchange

Rehman terms Raymond's book 'a pack of lies'

Former Interior Minister and Pakistan Peoples Party Parliamentarians (PPPP) leader Rehman Malik strongly rejected the newly published book of Raymond Davis and claimed that it was a pack of lies and conspiracy of Indian agency Research and Analysis Wing (
Published 07 Jul, 2017 12:00am
CDWP approves 17 projects worth Rs 178.3 billion

CDWP approves 17 projects worth Rs 178.3 billion

The Central Development Working Party (CDWP) has approved 17 development projects costing Rs 178.3 billion and recommended 6 mega projects for final approval to Executive Committee of National Economic Council (ECNEC). Federal Minister and Deputy Chairman
Published 07 Jul, 2017 12:00am
Week-long protest plan to commemorate Wani's martyrdom

Week-long protest plan to commemorate Wani's martyrdom

The joint resistance leadership in India-held Kashmir on Thursday issued a week-long protest calendar to commemorate the martyrdom anniversary of popular youth leader, Burhan Muzaffar Wani. As per the calendar, the protests will be held from July 7 to Jul
Published 07 Jul, 2017 12:00am
FIA official held for misbehaving with females

FIA official held for misbehaving with females

Federal Investigation Agency (FIA) on Thursday arrested its own assistant director for misbehaving with two female Afghan nationals at Benazir Bhutto International Airport (BBIA). Interior Minister Chaudhry Nisar Ali Khan took serious notice of misbehavin
Published 07 Jul, 2017 12:00am
Imran urges government to disclose names of conspirators

Imran urges government to disclose names of conspirators

Chairman Pakistan Tehreek-e-Insaf Imran Khan on Thursday challenged the government to name the allegedly conspirators against Prime Minister Nawaz Sharif and asked whether it is judiciary or the military. Speaking at a press conference here, he said that
Published 07 Jul, 2017 12:00am
PML-N to be once again successful in next election: EIU report

PML-N to be once again successful in next election: EIU report

International journal 'Economic Intelligence Unit' in its recent report regarding Pakistan has said that Pakistan Muslim League-Nawaz (PML-N) will be once again successful in general elections 2018. The report says that after forming government, PML-N wil
Published 07 Jul, 2017 12:00am
Ministry initiates inquiry into PCP appointments

Ministry initiates inquiry into PCP appointments

The Ministry of Information and Broadcasting has initiated an investigation process against the illegal appointments made by Press Council of Pakistan (PCP) that works under the administrative control of the ministry, the sources revealed. The ministry ha
Published 07 Jul, 2017 12:00am
KTBA felicitates FBR chief

KTBA felicitates FBR chief

Karachi Tax Bar Association (KTBA) has extended felicitations to Tariq Mehmood Pasha for his appointment as Chairman Federal Board of Revenue (FBR). In a statement issued here, KTBA hoped that his appointment would be very beneficial and instrumental in a
Published 07 Jul, 2017 12:00am
Low PSDP spending

Low PSDP spending

This is apropos a Business Recorder news item "Low prices of commodities, slow CPEC spending behind lower inflation" carried by the newspaper on Thursday. According to it, low price of international commodities, including oil's, as well slow spendi
Published 07 Jul, 2017 12:00am
Macron 'reaching out' to Trump
Exchange

Macron 'reaching out' to Trump

New French President Emmanuel Macron is trying to serve as a bridge between Europe and Donald Trump, seeking to influence and understand the US president amid widespread confusion in Paris about his intentions.
Published 07 Jul, 2017 12:00am
Contempt for the constitution

Contempt for the constitution

Formation of a Joint Investigation Team (JIT) by the Supreme Court in the PanamaGate case became a cause for PML (N) party stalwarts to celebrate "victory" and start distributing sweets, indicative of a mindset totally devoid of reality. While one appreci
Published 07 Jul, 2017 12:00am
FBR: new chairman old challenges

FBR: new chairman old challenges

On July 4, 2017, Tariq Mahmood Pasha, a seasoned grade-22 officer from Internal Revenue Service (IRS), assumed the charge of Chairman Federal Board of Revenue (FBR). The appointment of chairman from within FBR, ignoring a few senior officers, or from outs
Updated 07 Jul, 2017 11:55am
Countering climate change

Countering climate change

The frequency and intensity with which rains hit almost all parts of the country this June - normally a dry month - is a manifestation of the changing weather patterns environmental scientists have been warning of for quite some time. The signs of climate
Published 07 Jul, 2017 12:00am
India-Israel honeymoon

India-Israel honeymoon

After Indian Prime Minister Narendra Modi's recent visit to Washington where US President Donald Trump accorded him a warm welcome, it was now the turn of Israeli Prime Minister Benjamin Netanyahu to roll out the red carpet for the first formal state visi
Published 07 Jul, 2017 12:00am
Unfortunate controversy
Exchange

Unfortunate controversy

The rupee slid 3.1 percent against the dollar on Wednesday tumbling to a low of 108.00/20 rupees to the dollar against 104.9 rupees to the dollar a day before in an apparent devaluation. Political pundits linked the dramatic depreciation to the Prime Mini
Published 07 Jul, 2017 12:00am
ICC rules South Africa had 'duty to arrest' Sudan's Bashir

ICC rules South Africa had 'duty to arrest' Sudan's Bashir

War crimes judges ruled Thursday that South Africa flouted its duties to the International Criminal Court in 2015 by failing to arrest visiting Sudanese President Omar al-Bashir, wanted on genocide charges. The widely expected judgement slapped Pretoria f
Published 07 Jul, 2017 12:00am
China says India militarising border as stand-off continues

China says India militarising border as stand-off continues

China said on Thursday it was absurd for India to use the excuse of Chinese road-building to cross over their border, and pointed out that India is militarising its side of the frontier. A stand-off on a plateau next to the mountainous Indian state of Sik
Published 07 Jul, 2017 12:00am
The Weather

The Weather

The weather report on Thursday (July 06, 2017) and the forecast for Friday (July 07, 2017).

Published 07 Jul, 2017 12:00am
Russia jails head of notorious hacker group

Russia jails head of notorious hacker group

A Moscow court on Thursday jailed the leader of a notorious hacking group for two years for breaking into the accounts of high-ranking Russian officials. Vladimir Anikeyev headed the Shaltai Boltai collective - Russian for "Humpty Dumpty" - believed to be
Published 07 Jul, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 06, 2017).

Published 07 Jul, 2017 12:00am
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