News Archives for Print - 2017-07-14

Print - 2017-07-14

Exchange

Rubber slides

Benchmark Tokyo rubber futures fell on Thursday from a one-week high and key 200-yen mark scaled in the previous session, as investors locked in profits after the yen rose against the dollar following the US Federal Reserve Chair Janet Yellen's remark. Th

Published 14 Jul, 2017 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

The following were Thursday's Rotterdam vegetable oil prices at 1600 GMT:

Published 14 Jul, 2017 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

The following were Thursday's Rotterdam vegetable oil prices at 1600 GMT:

Published 14 Jul, 2017 12:00am

Vegetable Oil

Palm oil plummets

Malaysian palm oil futures suffered the sharpest drop in three weeks on Thursday evening after a third straight session of losses, tracking weaker edible oils such as soyaoil on the Chicago Board of Trade (CBOT). Declines in soyaoil and palm olein on Chin

Published 14 Jul, 2017 12:00am

Raw sugar rallies

Raw sugar futures rallied on Thursday as supportive technicals and gains in the Brazilian real triggered a wave of buying, while short-covering lifted cocoa against a backdrop of improving chocolate demand. October raw sugar was up 0.46 cents, or 3.41 per

Published 14 Jul, 2017 12:00am

Gold climbs in New York

Gold prices rose on Wednesday, edging further from this week's near four-month low after comments from Federal Reserve Chair Janet Yellen curbed speculation that US interest rates would rise more than once this year. In congressional testimony, Yellen sai

Published 14 Jul, 2017 12:00am

Gold rises in Asia

Gold rose on Thursday on a weaker dollar and lower US yields after Federal Reserve Chair Janet Yellen said the Fed would only gradually tighten monetary policy, curbing speculation that interest rates would rise more than once this year.

Published 14 Jul, 2017 12:00am

Gold steadies in Europe after US rate hike view

Gold steadied on Thursday as a weaker dollar and lower US yields lent support, with investors wagering that policy tightening in the United States would be glacial at best, though gains were capped by surging global stock markets. The dollar was steady ag

Published 14 Jul, 2017 12:00am

US MIDDAY: wheat, corn and soya tumble

US grain and soya futures plummeted on Thursday, with wheat easing as much as 5 percent in a technical selloff amid outlooks for slightly cooler temperatures and chances for rain next week in Midwestern growing regions, traders and analysts said. Wheat, c

Published 14 Jul, 2017 12:00am

US MIDDAY: gold prices ease

Gold retreated from earlier gains on Thursday as the US dollar turned higher and global stocks gained on upbeat data, even as investors wagered that policy tightening in the United States would be glacial at best. Denting gold's safe-haven appeal, the MSC

Published 14 Jul, 2017 12:00am

Health-related SDGs: need to strengthen institutional network stressed

The speakers at a consultative meeting said that there is a need to strengthen institutional network and capacities so that they could play a key role in successful implementation of health-related Sustainable Development Goals (SDGs). The speakers expres

Published 14 Jul, 2017 12:00am

Calibri in spotlight

A typeface has sparked uproar in Pakistan after documents using the font were produced in a corruption case against Prime Minister Nawaz Sharif - despite being dated a year before the design was released. Microsoft's Calibri font was used to type certifie

Published 14 Jul, 2017 12:00am

Royal Air Tattoo Show: PAF Hercules arrives in UK

A Pakistan Air Force (PAF) C-130 Aircraft, carrying the message of Peace painted on its giant tail, arrived at Royal Air Force Base, Fairford (UK) on Thursday. The No 21 squadron Hercules would be vying for the coveted Concours D' Elegance trophy at the R

Published 14 Jul, 2017 12:00am

PAC clears audit objection on import of luxury cars by Navy

The Public Accounts Committee (PAC) Thursday cleared an audit objection regarding the import of 42 luxury vehicles, worth $ 1.452 million, by Pakistan Navy without seeking the approval from the prime minister. The auditor general of Pakistan's audit repor

Published 14 Jul, 2017 12:00am

Exchange

'Strong incentives to remain undocumented in Pakistan,' Chief Economist, DFID

Stefan Dercon is the Professor of Economic Policy at the Oxford University and the Director of the Centre for Study of African Economies at Oxford University. He is a development economist and advises the United Kingdom's Department for International Deve

Published 14 Jul, 2017 12:00am

Exchange

'Strong incentives to remain undocumented in Pakistan,' Chief Economist, DFID

Published 14 Jul, 2017 12:00am

41 cops dismissed from service

The Punjab police claimed on Thursday to have dismissed 41 police officials from service on charges of dereliction, non-professionalism and non-serious behaviour besides initiating an inquiry against 70 officials on charges of 'abuse of power'. In a state

Published 14 Jul, 2017 12:00am

PFA issues warning to shopkeepers

The Punjab Food Authority (PFA) has asked the shopkeepers of Tollinton Market and their elected representatives to carve out a permanent solution to the issue of some shops having doors opening towards the sewerage nullah. In a warning message issued here

Published 14 Jul, 2017 12:00am

10 die in 574 road mishaps

As many as 574 road traffic accidents were reported in provincial monitoring cell of the Punjab Emergency Service (Rescue 1122) in all 37 districts of Punjab during the last 24 hours in which 10 lives were lost and 470 were seriously injured.

Published 14 Jul, 2017 12:00am

Chinese delegation visits M-III industrial estate

A high-level delegation of National Development Reforms Commission (NDRC) , Government of China, visited the M-III industrial estate (IE) near Sahianwala which is being managed by Faisalabad Industrial Estate Development Management Company (FIEDMC). Divis

Published 14 Jul, 2017 12:00am

PIAF for expediting process of gas connections

The Pakistan Industrial and Traders Associations Front (PIAF) has asked the authorities concerned to speed up the process of new industrial gas connections which is must for the revival of industry. PIAF Chairman Irfan Iqbal Sheikh in a statement on Thurs

Published 14 Jul, 2017 12:00am

Army chief's commitment to CPEC projects hailed

The Lahore Chamber of Commerce and Industry (LCCI) has welcomed Chief of Army Staff General Qamar Bajwa's pledge to make China-Pakistan Economic Corridor (CPEC) successful. LCCI President Abdul Basit on Thursday said that the government's and military's c

Published 14 Jul, 2017 12:00am

Power demand to shoot up to 49,000 megawatt by 2025: IEA

The International Energy Agency (IEA) forecasts that total electricity demand in Pakistan will rise to more than 49,000 megawatts (MW) by 2025. The government has laid out ambitious goals under Vision 2025 to increase access to electricity from 67 percent

Published 14 Jul, 2017 12:00am

Shahbaz, Ejaz take stock of political situation

Chief Minister Punjab, Muhammad Shahbaz Sharif, discussed the prevailing fragile political situation with President PML-Z Ijazul Haq, MNA Sardar Awais Ahmad Leghari Chairman National Assembly standing committee for foreign affairs, who called on him here

Published 14 Jul, 2017 12:00am

Need to make trade policy gender-friendly stressed

Multan Chamber of Commerce and Industry President Khawaja Jalaluddin Roomi has said that Pakistani women have started playing a major role in Pakistan's export sectors than ever before, but still there is a dire need to make trade policy a gender-friendly

Published 14 Jul, 2017 12:00am

PEF to expand operation in Cholistan

The Punjab Education Foundation (PEF) is expanding its operation in Cholistan by opening 30 Cholistan mobile schools and 47 formal community schools, amid supporting already functional 10 Cholistan mobile schools under the same initiative. For this expans

Published 14 Jul, 2017 12:00am

Asma Jahangir denies reports of joining PML-N's legal team

Prominent lawyer and human rights activist Asma Jahangir on Thursday denied reports that she will be joining the PML-N's legal team which will represent the Sharif family before the Supreme Court as hearing of the Panama Papers case resumes on Monday.

Published 14 Jul, 2017 12:00am

Monsoon rains: CM instructs cabinet body to remain vigilant

As the river Chenab is in low to medium flood with a peak flow of 1,78,000 cusecs water at Marala, Khanki and Qadirabad in central Punjab, Chief Minister Shahbaz Sharif has directed members of the Cabinet Committee for Flood and all the relevant departmen

Published 14 Jul, 2017 12:00am

PITB's sixth eRozgaar centre opens today

The 6th eRozgaar Centre at the University of Punjab, Jehlum Campus under the Punjab Information Technology Board (PITB) and Youth Affairs, Sports, Archeology & Tourism (YASAT)'s joint project, "Chief Minister's eRozgaar Programme" will be inaugurated on F

Published 14 Jul, 2017 12:00am

PCMA voices concern over government's move of disbanding EDB

The Pakistan Chemical Manufacturers Association (PCMA) has expressed grave concern over the government's consideration to disband the Engineering Development Board (EDB). Association's Secretary General and Chief Operating Officer Iqbal Kidwai on Thursday

Published 14 Jul, 2017 12:00am

Transfer of land to Transport department: LHC declares Punjab government's decision illegal

The Lahore High Court on Thursday declared the transfer of land measuring 303 kanal and 3 marals in Shahdara to the Transport Department for construction of bus stands and the decision of Tevta to shift or close three vocational institutions and a girls m

Published 14 Jul, 2017 12:00am

JETRO, FBR host seminar for Japanese companies

The Consulate General of Japan in Karachi with Japan External Trade Organization (JETRO) Karachi Office and Federal Bureau of Revenue (FBR) on Thursday co-hosted a seminar on the "Analyzing the major amendments in income and sales taxes taken in Finance A

Published 14 Jul, 2017 12:00am

India, Pakistan urged to resolve Kashmir dispute through dialogue

UN Secretary-General Antonio Guterres Thursday urged India and Pakistan to settle the festering Kashmir problem through dialogue, as tensions in the disputed region escalate. "The secretary-general reiterates his call on the parties to resolve the issue t

Published 14 Jul, 2017 12:00am

Seven SU professors win NRE awards

VC-SU Professor Dr Fateh Muhammad Burfat, following up on his prior announcement during a 'Sughar Conference' gave away cash prize of Rs 10000 each to the team of brother and sister namely Rahat and Intekhab Burdi upon rendering remarkable verse of Shah A

Published 14 Jul, 2017 12:00am

PCSF voices concern over undermining of democratic institutions

Pakistan Civil Society Forum (PCSF) on Thursday has expressed serious concern over undermining of the democratic institutions of the country after submission of the JIT Report in the Supreme Court of Pakistan on July 10, 2017 and demanded the apex court t

Published 14 Jul, 2017 12:00am

FCCI election's schedule for 2017-18 announced

Faisalabad Chamber of Commerce & Industry (FCCI) has announced its election schedule for the year 2017-18. During this process, election will be held to elect seven executive committee members from the corporate, 7 from the associate class and one woman a

Published 14 Jul, 2017 12:00am

ECO Container Train ninth HLWG meeting held

The 9th High Level Working Group (HLWG) Meeting of the ECO Container Train on Islamabad-Tehran-Istanbul (ITI) route was held in Islamabad. It is attended by delegates from Iran, Turkey, Afghanistan, IDB and ECO secretariat. The report of the meeting was d

Published 14 Jul, 2017 12:00am

Nearly 60 tribesmen detained in South Waziristan

Nearly 60 members of Karmazkhel tribe of South Waziristan Agency have been arrested under the collective responsibility law after incidents of fire in Agency Headquarters Hospital and National Database and Registration Authority (NADRA) office, a tribal n

Published 14 Jul, 2017 12:00am

PkMAP won't allow democracy to derail: Achakzai

Chief of Pakhtunkhwa Milli Awami Party (PkMAP) Mahmood Khan Achakzai on Thursday resolved that they would not allow anyone to send the democratic set-up packing. Addressing a press conference here at provincial capital, Achakzai said that the PkMAP allian

Published 14 Jul, 2017 12:00am

Belarus delegation meets ZTBL president

A Belarusian delegation comprising of Minister of Industry of the Republic of Belarus, Co-Chairman of the joint Belarus - Pakistan Commission on Trade and Economic Cooperation Vitaly Vovk and representative of OJSO "BELAZ"-Management Company of Holding "B

Published 14 Jul, 2017 12:00am

Kashmiris observe Martyrs' Day

Kashmiris on both sides of the Line of Control (LoC) and the world over observed Kashmir Martyrs' Day on Thursday, as the day of renewal of the pledge that they will continue the mission of their martyrs till the achievement of the inalienable right to se

Published 14 Jul, 2017 12:00am

Body formed to name new Islamabad airport

Prime Minister Nawaz Sharif has constituted a special cabinet committee to decide the name for new Islamabad international airport. The decision came during a high-level meeting of the ruling PML-N here on Thursday. The committee comprises Minister for Po

Published 14 Jul, 2017 12:00am

FBR exempts ST on goods supplied to GIZ

The Federal Board of Revenue (FBR) has exempted sales tax on goods supplied to a German Development Agency and services provided to it within Islamabad Capital Territory by service providers registered with the sales tax department.

Published 14 Jul, 2017 12:00am

Police failed to arrest killers of student

Police have failed to arrest the armed men who had killed a college student on May 28, 2017 and wounded two others at Pakha Ghulam area of Peshawar despite repeated contacts by people of the area with high ranking officials seeking justice. Speaking at a

Published 14 Jul, 2017 12:00am

Durable peace not possible without resolving Kashmir issue: Masood

Sardar Masood Khan, President of Azad Jammu and Kashmir (AJK) on Thursday said that durable peace in South Asia would not be possible without resolving the Jammu and Kashmir dispute. Addressing a seminar at the German Institute for Cultural Diplomacy in B

Published 14 Jul, 2017 12:00am

FIA arrests accused involved in Hundi trade

The Federal Investigation Agency (FIA) arrested a person involved in Hundi business in the area of Shah Alam Market the other day. A heavy amount of local and foreign currency was recovered from his possession during the raid.

Published 14 Jul, 2017 12:00am

Man assaulted for allegedly carrying beef in India

Four persons have been arrested for assaulting a Muslim carrying meat at Jalalkheda, about 35 kilometers from Nagpur, the Indian media reported on Thursday. "Salim Ismail Shah, 32, was carrying 15 kgs of meat on his motorbike from Amner village to Katol,

Published 14 Jul, 2017 12:00am

Poor performance of Fata political administration irks Senate body

Expressing annoyance over poor performance of political administration of Federally Administered Tribal Areas (Fata), a parliamentary body on Thursday termed it corrupt and recommended the governor and chief secretary Khyber Pakhtunkhwa to take stock of t

Published 14 Jul, 2017 12:00am

PMSA asks Turkey, Saudi Arabia, UAE, Bahrain to join HACGAM

Director General Pakistan Maritime Security Agency Rear Admiral Jamil Akhtar on Thursday said that PMSA has proposed Turkey, Saudi Arabia, United Arab Emirates (UAE) and Bahrain to become members of Heads of Asian Coast Guard Agencies Meeting (HACGAM).

Published 14 Jul, 2017 12:00am

K-Electric presents 'review motion' to Nepra's tariff

The first day of a two-day hearing on K-Electric's review petition in response to the Tariff announced by NEPRA for the period July 1, 2016 to June 30, 2023 was held on Thursday at a local hotel in Karachi with active participation from prominent business

Published 14 Jul, 2017 12:00am

Exchange

Government urged to do away with 'uncalled for' print industry's taxes

The government has to make focused policies and should remove unreasonable taxes to make print industry more prosperous, valuable, and economically viable. This was demanded by speakers at the soft launch ceremony of PrintPak-2017 Exhibition slated to be

Published 14 Jul, 2017 12:00am

Jewellery export down July-May

Country's jewellery export scaled back by 19.43 percent to $ 5.381 million in July-May 2017, official figures show. Decline in the jewelry export stands at $1.298 million in July-May 2017 from $6.679 million in July-May 2016, Pakistan Bureau of Statistics

Published 14 Jul, 2017 12:00am

HCSTSI calls for steps to cope up with expected rains

The office bearers of Hyderabad Chamber of Small Traders and Small Industry have emphasized the need for taking precautionary measures by the administration in order to effectively meet the challenges of expected heavy rains of monsoon season.

Published 14 Jul, 2017 12:00am

KCCI, BMG perturbed over political uncertainty

The leadership of Businessmen Group (BMG) & office-bearers of the Karachi Chamber of Commerce and Industry (KCCI), while expressing deep concerns over the ongoing political uncertainty and the likelihood of early elections, urged that elections should onl

Published 14 Jul, 2017 12:00am

Monsoon weather system likely to enter Sindh from Saturday

Monsoon weather system is expected to enter Sindh from Saturday with heavy clouds to unleash widespread rains across the lower parts of the province including Karachi Division. The Met Office has forecast widespread rain/dust-thunderstorm with isolated mo

Published 14 Jul, 2017 12:00am

PTA, RTAs secretaries directed to protect valuable properties

Sindh Minister for Human Resources and Information Syed Nasir Hussain Shah has directed the PTA and RTAs Secretaries to protect the valuable properties lying under their control. Reviewing the progress and performance of provincial and regional transport

Published 14 Jul, 2017 12:00am

Customs values of replacement auto parts revised

Directorate General Customs Valuation (DGCV) has revised the customs values of replacement auto parts sub-section (9) of section 25 of the Customs Act, 1969. According to revised valuation ruling, the customs values of replacement auto parts were determin

Published 14 Jul, 2017 12:00am

Hong Kong trade team visits TDAP

A three-member trade delegation comprising of importers of seafood from Hong Kong visited Trade Development Authority of Pakistan (TDAP) on Thursday. The objective of visit of delegation is to place orders of Tuna Fish from Pakistan. The delegation had a

Published 14 Jul, 2017 12:00am

Partly Facetious: Fools rush in where angels fear to tread

"The Interior Ministry issued a statement that the Interior Minister did not meet with the Punjab Chief Minister."

Published 14 Jul, 2017 12:00am

Panama Papers leak: LHC reserves verdict on petition's maintainability

Lahore High Court (LHC) on Thursday reserved verdict on the question of maintainability of petition seeking the names of those appeared in Panama Leaks on Exit Control List (ECL). The LHC heard a petition filed for court orders to the Interior Ministry to

Published 14 Jul, 2017 12:00am

Oil tanker overturns

An oil tanker overturned on National Highway near Rahim Yar Khan on Thursday morning. The tanker, transporting around 50,000 litres of fuel, skidded off the road after the driver dozed off while passing by Koochi Muhammad Khan, according to officials.

Published 14 Jul, 2017 12:00am

SU introduces centralized assessment system of exams

"To bring the examination system in step with the requirements of changing modern times, University of Sindh has taken the bold initiative of introducing centralized assessment system and the start has been taken with the assessment of the answer scripts

Published 14 Jul, 2017 12:00am

Exchange

PBIF president urges government to boost exports

The president of the Pakistan Businessmen and Intellectuals Forum (PBIF) and senior vice chairman of the Businessmen Panel of FPCCI, Mian Zahid Hussain, has said that political uncertainty has taken a toll on the Pakistan Stock Exchange, which saw steep f

Published 14 Jul, 2017 12:00am

HR action plan being delayed due to lack of cooperation from provinces: NA body told

The lack of cooperation from all provincial governments has been causing a delay of the last one-and-a-half-year in the implementation of action plan for human rights. Ministry of Human Rights officials informed this to National Assembly Standing Committe

Published 14 Jul, 2017 12:00am

JCR-VIS reaffirms UBL ratings

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of United Bank Limited (UBL) at 'AAA/A-1+' (Triple A/A-One Plus). Outlook on the assigned ratings is 'Stable'. The previous rating action was announced on June 29, 2016.

Published 14 Jul, 2017 12:00am

JCR-VIS reaffirms UBL ratings

Published 14 Jul, 2017 12:00am

Nawaz's corruption stands exposed, says Parvez

PML_Q central leader and former Chief Minister Punjab Ch Parvez Elahi has said that Nawaz Sharif's corruption has been fully exposed and this time he will not be allowed to become a political martyr (shaheed), Talking to a delegation of his party here on

Published 14 Jul, 2017 12:00am

KATI concerned at EDB crisis

The Korangi Association of Trade and Industry (KATI) has expressed grave concern over the news of the closure the Engineering Development Board (EDB). Its president, Masood Naqi, has demanded that the government should reject any proposal for the sack of

Published 14 Jul, 2017 12:00am

Hajj training seminar

A two-day Hajj training seminar will be held at Defence Auditorium in Phase II, DHA Lahore, today (Friday). The seminar is a regular annual feature arranged by Religious Affairs Branch DHA Lahore. Administrator DHA Brig Zafar Yaseen Babar will preside ove

Published 14 Jul, 2017 12:00am

Lesco officials' protest against lawyers

The Lahore Electric Supply Company (LESCO) workers in Kasur circle protested on Thursday against the assault of lawyers on SDO and his staff. According to details, brother of a local lawyer was involved in power theft and the concerned SDO registered a cr

Published 14 Jul, 2017 12:00am

Empowering GB people Committee finalises proposals

The committee constituted by the prime minister to formulate proposals for further empowerment of the people of Gilgit-Baltistan (GB) Thursday finalized several proposals to strengthen regional governance of the GB. The committee met here at the Foreign O

Published 14 Jul, 2017 12:00am

Exemption from 'extra tax': FBR approached to amend budget notification on oil supplies

A leading petroleum company has approached Federal Board of Revenue (FBR) to amend a budget notification applicable from July 1, 2017, to allow exemption from 'extra tax' on supplies of lubricating oil made by registered oil marketing companies (OMCs) to

Published 14 Jul, 2017 12:00am

Democracy is not a cheap victory: Turkish CG

The Consul General of Turkey, Murat M Onart, has said that Turkish nation proved to the world that democracy is not a cheap victory but is precious enough to die for its sake.

Published 14 Jul, 2017 12:00am

Political instability has cost Pakistan dearly: Ahsan Iqbal

Federal Minister for Planning, Development and Reform Ahsan Iqbal said that the political instability and inconsistency in policies have cost Pakistan dearly in the past, denting Pakistan Muslim League Nawaz Governments' efforts for rapid economic growth

Published 14 Jul, 2017 12:00am

Exchange

Awan accuses FIA of not taking action against SECP chief

Pakistan Tehreek-e-Insaf (PTI) leader Babar Awan on Thursday accused Federal Investigation Agency (FIA) of not taking action against Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi after he was found involved in tampering with

Published 14 Jul, 2017 12:00am

Plea to ban Aljazeera TV termed 'unjust'

Former senator Jawaid Jabbar said on Thursday that the current turmoil between the Gulf states would escalate the political crisis in the region. He was speaking to roundtable dialogue on "Dynamics of the Middle East crisis" at the Pakistan Institute of I

Published 14 Jul, 2017 12:00am

Rabbani accepts Babar Awan's resignation

Chairman Senate Raza Rabbani on Thursday accepted the resignation of former Pakistan Peoples Party Parliamentarian (PPP) Senator Babar Awan, which was tendered last month after the latter joined Pakistan Tehreek-e-Insaf (PTI). Awan met Rabbani at his cham

Published 14 Jul, 2017 12:00am

PML-N lawyers disrupts LHCBA general house meeting

The PML-N affiliated lawyers on Thursday disrupted general house meeting of the Lahore High Court Bar Association (LHCBA) to persuade Prime Minister Nawaz Sharif to resign from his office. Minutes after the meeting started, the PML-N affiliated lawyers en

Published 14 Jul, 2017 12:00am

Bilawal grieved over losses of lives in rains

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari on Thursday expressed deep grief and sorrow over the human loss during the torrential rains in Punjab, Khyber Pakhtunkhwa, Kashmir and FATA and urged for immediate relief to avert preventable di

Published 14 Jul, 2017 12:00am

Senate to meet on July 17

Chairman Senate Mian Raza Rabbani on Thursday summoned the session of the Upper House at the parliament house in Islamabad on 17th July (Monday). The session has been summoned on the requisition of the members.

Published 14 Jul, 2017 12:00am

Parliament must complete its tenure but PM should go: Khursheed

Pakistan Peoples Party Parliamentarians (PPPP) did not agree to Pakistan Tehreek-e-Insaf (PTI) for holding early general election in the country and said that Parliament should complete its tenure and Prime Minister Nawaz Sharif must resign immediately.

Published 14 Jul, 2017 12:00am

Iftikhar Chaudhry asks Nawaz to step down

Chairman Pakistan Justice and Democratic Party and former Chief Justice of Supreme Court, Iftikhar Chaudhry on Thursday also joined the list of political leaders demanding resignation from Prime Minister Nawaz Sharif after Joint Investigation Team (JIT) r

Published 14 Jul, 2017 12:00am

PS-114 by-election: ECP withholds notification of Saeed Ghani's victory

The Election Commission of Pakistan (ECP) has issued directive to withhold the notification of Pakistan Peoples Party Parliamentarians (PPPP) leader Saeed Ghani's victory in PS-114 by-election, Karachi. The Commission had issued notice to Saeed Ghani to a

Published 14 Jul, 2017 12:00am

Drugs smugglers' modus operandi exposed

Model Customs Collectorate (MCC) Islamabad has unearthed a unique technique used by smugglers to bring marijuana and cocaine under the garb of supplements in the country. Sources told Business Recorder here on Thursday that it is an interesting case of de

Published 14 Jul, 2017 12:00am

Drugs smugglers' modus operandi exposed

Published 14 Jul, 2017 12:00am

Exchange

Federal cabinet approves broad-based agenda

A meeting of the Federal cabinet chaired by Prime Minister Nawaz Sharif here on Thursday approved a broad-based agenda including cooperation with other countries in air services, climate change, defence and financial intelligence.

Published 14 Jul, 2017 12:00am

'CoAS spells out CPEC benefits'

This is apropos a Business Recorder news item "CoAS spells out CPEC benefits" carried by the newspaper yesterday. According to it, Army Chief General Qamar Javed Bajwa has said that China Pakistan Economic Corridor (CPEC) is truly a harbinger of economic

Published 14 Jul, 2017 12:00am

Maryam, heir apparent in corruption probe crosshairs

A damning judicial report into the family wealth of Pakistan's Prime Minister Nawaz Sharif threatens not just his premiership, but has also imperilled the political career of his daughter and heir apparent. Maryam Nawaz Sharif, 43, has in recent years gai

Published 14 Jul, 2017 12:00am

For whom the bell tolls

Monday July 10, 2017 will go down as a day of some consequence for accountability in Pakistan's history, and maybe its destiny. The Joint Investigation Team (JIT) probing the PanamaGate case observed "significant gap/disparity amongst the known and declar

Published 14 Jul, 2017 12:00am

What next?

The hidden wealth of some of the world's most prominent leaders, politicians and celebrities has been revealed by an unprecedented leak of millions of documents that show the myriad ways in which the rich can exploit secretive offshore tax regimes - 'The

Updated 15 Jul, 2017 09:52am

Deliver absolute justice

Almost coincidental to the submission of the Joint Investigation Team's report to the Supreme Court on the alleged involvement of the Sharif family in money laundering, the military top brass met at the General Headquarters in Rawalpindi. It was a regular

Updated 14 Jul, 2017 02:46pm

Exchange

Drop in remittances

According to the latest data released by the State Bank on 10th July, 2017, overseas Pakistani workers remitted dollar 19.303 billion during July 1-June 30, 2017 compared with dollar 19.917 billion received in 2015-16, depicting a decline of dollar 614 mi

Published 14 Jul, 2017 12:00am

The Weather

The weather report on Thursday (July 13, 2017) and the forecast for Friday (July 14, 2017).

Published 14 Jul, 2017 12:00am

India rejects China's offer

India's Ministry of External Affairs (MEA) spokesperson Gopal Baglay has made it clear that India is, "ready to have a dialogue with Pakistan ... but in a bilateral framework," ANI reported on Thursday. Baglay made the remarks in response to China's offer

Published 14 Jul, 2017 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 13, 2017).

Published 14 Jul, 2017 12:00am

India rejects China's offer

Published 14 Jul, 2017 12:00am

Exchange

LME official prices

The following were Wednesday official prices.

Published 14 Jul, 2017 12:00am

EU pushes Ukraine on corruption at high-profile summit

European Union leaders on Thursday pushed Ukraine to step up its battle against corruption after the 28-nation bloc agreed to ratify a landmark cooperation deal. The high-profile summit in Kiev comes as Ukraine has taken a series of steps to move closer t

Published 14 Jul, 2017 12:00am

Exchange

LME official prices

The following were Wednesday official prices.

Published 14 Jul, 2017 12:00am

Rs 1 trillion invested by E&P in 4 years

Exploration and Production (E&P) companies operating in upstream oil/gas sector of the country during the past four years have invested Rs 1 trillion, officials said.According to an official briefing of the Director General Petroleum Concession (DGPC) of

Published 14 Jul, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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