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Print - 2017-08-11
President grieved

President grieved

President Mamnoon Hussain on Thursday expressed grief over the demise of Dr Ruth Pfau. Lauding the unforgettable services of late Dr Pfau for the elimination of leprosy from Pakistan, he said she left her country and made Pakistan her homeland just to ser
Published 11 Aug, 2017 12:00am
Senate for inter-institutional dialogue to avoid confrontation

Senate for inter-institutional dialogue to avoid confrontation

The Senate has underlined the need for inter-institutional dialogue to avoid any possibility of confrontation among the institutions. It also called for discussing the Parliament as the weakest link in trichotomy of power in the Committee of Whole of the
Published 11 Aug, 2017 12:00am
Dr Ruth's death condoled

Dr Ruth's death condoled

Chairman Pakistan Peoples Party, Bilawal Bhutto Zardari, has paid tributes to Dr Ruth Katherine Martha Pfau, the German-Pakistani lady for her life-long battle against leprosy since 1960 and expressed deep grief and sorrow over her demise today.-PR
Published 11 Aug, 2017 12:00am
CM seeks details of teachers' illegal appointments

CM seeks details of teachers' illegal appointments

Chief Minister Syed Murad Ali Shah directed the Education Department on Thursday to investigate charges of illegal appointments of teachers on district level and report back to him. He was presiding over a meeting at the Education Department to review pro
Published 11 Aug, 2017 12:00am
Death of Dr Ruth Pfau: PPP submits resolution in NA Secretariat

Death of Dr Ruth Pfau: PPP submits resolution in NA Secretariat

Pakistan Peoples Party (PPP) has submitted a resolution with the National Assembly Secretariat to express deep sorrow over passing away of a great humanist Dr Ruth Katherine Pfau, who spent her life for the service of Pakistani people. Dr Nafisa Shah and
Published 11 Aug, 2017 12:00am
Bed-wear textile export witnesses 6 percent rise

Bed-wear textile export witnesses 6 percent rise

Pakistan's export of bed-wear textile surged by six percent to $2.133 billion in the last fiscal year 2017, according to official figures. The bed-wear textile exports witnessed an increase amounting $114.056 million during last fiscal year as the total o
Published 11 Aug, 2017 12:00am
Delegating more powers to ministers

Delegating more powers to ministers

Minister for Industries and Production Ghulam Murtaza Khan Jatoi is quite confident about the prospects of ministers' growing powers under the leadership of Prime Minister Shahid Khaqan Abbasi. A Business Recorder report was quoted him as saying th
Published 11 Aug, 2017 12:00am
Buoyant bitcoin stirs crypto-bubble fears
Exchange

Buoyant bitcoin stirs crypto-bubble fears

Bitcoin and other "cryptocurrencies" are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined. The price of a single bitcoin hit an all-time high of above $3,500 this week, dragging up the value of hundreds of newer, smaller di
Published 11 Aug, 2017 12:00am
Am I the state?

Am I the state?

A month or so plus 40 years ago the democratically elected government of Zulfikar Ali Bhutto was toppled in a coup in 1977 by General Zia-ul-Haq. Initially Zia could have been sincere about holding "free and fair elections" within 90 days. The aura of wie
Published 11 Aug, 2017 12:00am
Agenda for tax reforms - I

Agenda for tax reforms - I

For the last many decades, fiscal (mis)management in Pakistan has been a serious cause for concern for all, except for the government and donors. More and more taxes have been the slogan of the donors and governments alike. The sane voices have been under
Published 11 Aug, 2017 12:00am
No dearth of sacrifices for motherland

No dearth of sacrifices for motherland

This past Wednesday, an officer and three soldiers laid down their lives in defence of their motherland. They had raided a hideout where three suicide-bombers were hiding. These foot-soldiers of Maulana Fazlullah, who took refuge in Afghanistan since he f
Published 11 Aug, 2017 12:00am
A balanced energy mix is essential

A balanced energy mix is essential

Prime Minister Shahid Khaqan Abbasi while chairing his first Cabinet Committee on Energy (CCoE) meeting stated that "our government is striving to achieve a balanced energy mix for the country's energy requirements." This statement is extremely critical a
Published 11 Aug, 2017 12:00am
Disqualification does not lead to dissolution of party: LHC

Disqualification does not lead to dissolution of party: LHC

The Lahore High Court Chief Justice Syed Mansoor Ali Shah on Thursday ruled that disqualification of one office-bearer does not lead to dissolution or deregistration of a political party. The Chief Justice was hearing a petition seeking dissolution of PML
Published 11 Aug, 2017 12:00am
Disqualification does not lead to dissolution of party: LHC

Disqualification does not lead to dissolution of party: LHC

The Lahore High Court Chief Justice Syed Mansoor Ali Shah on Thursday ruled that disqualification of one office-bearer does not lead to dissolution or deregistration of a political party. The Chief Justice was hearing a petition seeking dissolution of PML
Published 11 Aug, 2017 12:00am
The Weather

The Weather

The weather report on Thursday (August 10, 2017) and the forecast for Friday (August 11, 2017).

Published 11 Aug, 2017 12:00am
At least 56 dead as smugglers throw 300 African migrants into Yemen sea

At least 56 dead as smugglers throw 300 African migrants into Yemen sea

At least 56 people have drowned over the past 24 hours, and dozens remain missing, after human traffickers forced 300 African migrants off two Yemen-bound boats and into the sea. Survivors - all Ethiopian and Somali migrants - managed to make their way to
Published 11 Aug, 2017 12:00am
Bullion Rates

Bullion Rates

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

Published 11 Aug, 2017 12:00am
At least 56 dead as smugglers throw 300 African migrants into Yemen sea

At least 56 dead as smugglers throw 300 African migrants into Yemen sea

At least 56 people have drowned over the past 24 hours, and dozens remain missing, after human traffickers forced 300 African migrants off two Yemen-bound boats and into the sea. Survivors - all Ethiopian and Somali migrants - managed to make their way to
Published 11 Aug, 2017 12:00am
North Korea hones Guam strike plans, mocks Trump

North Korea hones Guam strike plans, mocks Trump

Nuclear-armed North Korea announced a detailed plan Thursday to send a salvo of four missiles over Japan and towards the US territory of Guam, raising the stakes in a stand-off with President Donald Trump and mocking him as "bereft of reason". The scheme
Published 11 Aug, 2017 12:00am
North Korea hones Guam strike plans, mocks Trump

North Korea hones Guam strike plans, mocks Trump

Nuclear-armed North Korea announced a detailed plan Thursday to send a salvo of four missiles over Japan and towards the US territory of Guam, raising the stakes in a stand-off with President Donald Trump and mocking him as "bereft of reason". The scheme
Published 11 Aug, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (August 10, 2017).

Published 11 Aug, 2017 12:00am
Sindh government issues notification

Sindh government issues notification

Sindh government has issued the notification revoking the applicability of the National Accountability Ordinance (NAO) 1999 in the province. With NAO revoked the relevant powers are now being accorded to Sindh Accountability Agency. Minister Law Sindh Zia
Published 11 Aug, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (August 10, 2017)

Published 11 Aug, 2017 12:00am
Sindh government issues notification

Sindh government issues notification

Sindh government has issued the notification revoking the applicability of the National Accountability Ordinance (NAO) 1999 in the province. With NAO revoked the relevant powers are now being accorded to Sindh Accountability Agency. Minister Law Sindh Zia
Published 11 Aug, 2017 12:00am
Sindh Accountability Repeal Act, 2017 challenged in SC

Sindh Accountability Repeal Act, 2017 challenged in SC

Sindh National Accountability Repeal Act, 2017 has been challenged in the Supreme Court on Thursday, seeking directives to declare it unlawful and orders to restrain the provincial government from implementing the Act. The Act which came into effect on Th
Published 11 Aug, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (August 10, 2017).

Published 11 Aug, 2017 12:00am
Sindh Accountability Repeal Act, 2017 challenged in SC

Sindh Accountability Repeal Act, 2017 challenged in SC

Sindh National Accountability Repeal Act, 2017 has been challenged in the Supreme Court on Thursday, seeking directives to declare it unlawful and orders to restrain the provincial government from implementing the Act. The Act which came into effect on Th
Published 11 Aug, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 10, 2017).

Published 11 Aug, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 10, 2017).

Published 11 Aug, 2017 12:00am
Dr Pfau dies

Dr Pfau dies

Dr Ruth Pfau, Pakistan's "Mother Teresa," passed away on Thursday after long illness at a private hospital. She was 86. Ms Pfau was a German doctor and num who for more than 50 years dedicated her life to eradication of leprosy in Pakistan. Back in 1960 i
Published 11 Aug, 2017 12:00am
Dr Pfau dies

Dr Pfau dies

Dr Ruth Pfau, Pakistan's "Mother Teresa," passed away on Thursday after long illness at a private hospital. She was 86. Ms Pfau was a German doctor and num who for more than 50 years dedicated her life to eradication of leprosy in Pakistan. Back in 1960 i
Published 11 Aug, 2017 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

The rupee managed to hold overnight levels against the dollar on the money market on Thursday in process of trading, dealers said. The rupee was unmoved versus the dollar for buying and selling at Rs 105.39 and Rs 105.40, they said.
Published 11 Aug, 2017 12:00am
Turkey detains Russian 'planning drone attack on US warplane'

Turkey detains Russian 'planning drone attack on US warplane'

Turkish authorities on Thursday detained a Russian suspected member of the Islamic State (IS) jihadist group for allegedly plotting a drone attack on an American warplane at a US base in southern Turkey. State-run Anadolu news agency said that Renat Bakie
Published 11 Aug, 2017 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

The rupee managed to hold overnight levels against the dollar on the money market on Thursday in process of trading, dealers said. The rupee was unmoved versus the dollar for buying and selling at Rs 105.39 and Rs 105.40, they said.
Published 11 Aug, 2017 12:00am
Turkey detains Russian 'planning drone attack on US warplane'

Turkey detains Russian 'planning drone attack on US warplane'

Turkish authorities on Thursday detained a Russian suspected member of the Islamic State (IS) jihadist group for allegedly plotting a drone attack on an American warplane at a US base in southern Turkey. State-run Anadolu news agency said that Renat Bakie
Published 11 Aug, 2017 12:00am
Nandipur power plant: PAC directs ministry to present inquiry report

Nandipur power plant: PAC directs ministry to present inquiry report

The Public Accounts Committee of the Parliament has directed the Ministry of Water and Power to present inquiry report on Nandipur power plant by October 10. The committee meeting held here under the chairmanship of Syed Khursheed Ahmad Shah was informed
Published 11 Aug, 2017 12:00am
Nandipur power plant: PAC directs ministry to present inquiry report

Nandipur power plant: PAC directs ministry to present inquiry report

The Public Accounts Committee of the Parliament has directed the Ministry of Water and Power to present inquiry report on Nandipur power plant by October 10. The committee meeting held here under the chairmanship of Syed Khursheed Ahmad Shah was informed
Published 11 Aug, 2017 12:00am
Nandipur power plant: PAC directs ministry to present inquiry report

Nandipur power plant: PAC directs ministry to present inquiry report

The Public Accounts Committee of the Parliament has directed the Ministry of Water and Power to present inquiry report on Nandipur power plant by October 10. The committee meeting held here under the chairmanship of Syed Khursheed Ahmad Shah was informed
Published 11 Aug, 2017 12:00am
Iran blogger flies in to Israel after deportation fears

Iran blogger flies in to Israel after deportation fears

An Iranian blogger for an Israeli news site arrived in Israel on Thursday from Turkey where she had faced possible deportation back to the Islamic republic, the website said. The 32-year-old woman, Neda Amin, blogs for the Persian-language edition of The
Published 11 Aug, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (August 10, 2017).

Published 11 Aug, 2017 12:00am
Iran blogger flies in to Israel after deportation fears

Iran blogger flies in to Israel after deportation fears

An Iranian blogger for an Israeli news site arrived in Israel on Thursday from Turkey where she had faced possible deportation back to the Islamic republic, the website said. The 32-year-old woman, Neda Amin, blogs for the Persian-language edition of The
Published 11 Aug, 2017 12:00am
Forex reserves plunge
Exchange

Forex reserves plunge

The country''s total liquid foreign exchange reserves fell sharply by $ 279 million during the last week owing to external debt payment. According to State Bank of Pakistan (SBP), the country''s total foreign exchange reserves stood at $ 20 billion as on
Published 11 Aug, 2017 12:00am
Forex reserves plunge
Exchange

Forex reserves plunge

The country's total liquid foreign exchange reserves fell sharply by $ 279 million during the last week owing to external debt payment. According to State Bank of Pakistan (SBP), the country's total foreign exchange reserves stood at $ 20 billion as on Au
Published 11 Aug, 2017 12:00am
Forex reserves plunge
Exchange

Forex reserves plunge

The country's total liquid foreign exchange reserves fell sharply by $ 279 million during the last week owing to external debt payment. According to State Bank of Pakistan (SBP), the country's total foreign exchange reserves stood at $ 20 billion as on Au
Published 11 Aug, 2017 12:00am
ECP issues show-cause notice to Imran

ECP issues show-cause notice to Imran

The Election Commission of Pakistan (ECP) Thursday issued a show cause notice to Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan in a contempt of court case. In its ruling, the commission has given chairman PTI time till August 23 to submit his reply w
Published 11 Aug, 2017 12:00am
ECP issues show-cause notice to Imran

ECP issues show-cause notice to Imran

The Election Commission of Pakistan (ECP) Thursday issued a show cause notice to Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan in a contempt of court case. In its ruling, the commission has given chairman PTI time till August 23 to submit his reply w
Published 11 Aug, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 11 Aug, 2017 12:00am
CoAS praises role of Sindh Regiment

CoAS praises role of Sindh Regiment

Chief of Army Staff General Qamar Javed Bajwa on Thursday visited the Sindh Regimental Centre Hyderabad. According to an ISPR statement, the CoAS will lay a floral wreath at the 'Yadgar-e-Shuhada' and pay rich tribute to those laid down their lives for th
Published 11 Aug, 2017 12:00am
CoAS praises role of Sindh Regiment

CoAS praises role of Sindh Regiment

Chief of Army Staff General Qamar Javed Bajwa on Thursday visited the Sindh Regimental Centre Hyderabad. According to an ISPR statement, the CoAS will lay a floral wreath at the 'Yadgar-e-Shuhada' and pay rich tribute to those laid down their lives for th
Published 11 Aug, 2017 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 11 Aug, 2017 12:00am
Asteroid to shave past Earth on October 12: ESA

Asteroid to shave past Earth on October 12: ESA

A house-sized asteroid will shave past our planet on October 12, far inside the Moon's orbit but without posing any threat, astronomers said Thursday. The space rock will zoom by harmlessly at a distance of about 44,000 kilometres (27,300 miles) - an eigh
Published 11 Aug, 2017 12:00am
Marriyum felicitates film director for winning top award

Marriyum felicitates film director for winning top award

Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb Thursday felicitated Pakistani film director Jamshed Mehmood Raza, popularly known as Jami, for winning a top award at the Locarno film festival. In a statement issue
Published 11 Aug, 2017 12:00am
South Africa deputy minister in court on assault charges

South Africa deputy minister in court on assault charges

A South African deputy minister appeared in court Thursday on assault charges for allegedly kicking and punching two women at a nightclub in northern Johannesburg at the weekend. Higher education deputy minister Mduduzi Manana "appeared in court after han
Published 11 Aug, 2017 12:00am
Russian court jails journalist

Russian court jails journalist

A Russian court jailed an investigative journalist for three and a half years after convicting him of extremism Thursday, in a case denounced by media rights activists. Alexander Sokolov worked at the RBK news agency when he was arrested in June 2015 on s
Published 11 Aug, 2017 12:00am
Former India rugby player held in triple murder case

Former India rugby player held in triple murder case

A former player with India's rugby team has been arrested over the murders of a police officer and two other people, police said Thursday. Parmeet Dabas, 28, was arrested in New Delhi last week after police tracked him down to a flat he had reportedly ren
Published 11 Aug, 2017 12:00am
It's a 'corruption bachao' rally: Imran

It's a 'corruption bachao' rally: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan stepped up criticism on Prime Minister Nawaz Sharif, saying that addressing from a bulletproof car doesn't inspire confidence in people. Reacting to PML-N's GT Road 'homecoming' rally led by Nawaz Sharif,
Published 11 Aug, 2017 12:00am
It's a 'corruption bachao' rally: Imran

It's a 'corruption bachao' rally: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan stepped up criticism on Prime Minister Nawaz Sharif, saying that addressing from a bulletproof car doesn't inspire confidence in people. Reacting to PML-N's GT Road 'homecoming' rally led by Nawaz Sharif,
Published 11 Aug, 2017 12:00am
Caravan accelerates speed

Caravan accelerates speed

The ousted Prime Minister Nawaz Sharif's 'homecoming' motorcade on Thursday surprisingly accelerated its speed to reach the next destination, Jhelum, disappointing party workers in the Rawalpindi outskirts who were left without hearing from their leader.
Published 11 Aug, 2017 12:00am
Caravan accelerates speed

Caravan accelerates speed

The ousted Prime Minister Nawaz Sharif's 'homecoming' motorcade on Thursday surprisingly accelerated its speed to reach the next destination, Jhelum, disappointing party workers in the Rawalpindi outskirts who were left without hearing from their leader.
Published 11 Aug, 2017 12:00am
Nawaz heaps more scorn on judiciary

Nawaz heaps more scorn on judiciary

Addressing a rally of party supporters, former prime minister Nawaz Sharif on Thursday indirectly slammed the judiciary for disqualifying him in the Panama Leaks case. He said that he was ousted by five judges in just 1 minute. "Isn't it a disgrace to the
Published 11 Aug, 2017 12:00am
Nawaz heaps more scorn on judiciary

Nawaz heaps more scorn on judiciary

Addressing a rally of party supporters, former prime minister Nawaz Sharif on Thursday indirectly slammed the judiciary for disqualifying him in the Panama Leaks case. He said that he was ousted by five judges in just 1 minute. "Isn't it a disgrace to the
Published 11 Aug, 2017 12:00am
July Fiscal Year 2018: inflows of workers'' remittances up 16 percent

July Fiscal Year 2018: inflows of workers'' remittances up 16 percent

Inflows of workers'' remittances, sent by overseas Pakistanis, posted a healthy increase of 16 percent during the first month of this fiscal year. According to State Bank of Pakistan (SBP), overseas Pakistani workers remitted $ 1.542 billion in the first
Published 11 Aug, 2017 12:00am
July Fiscal Year 2018: inflows of workers' remittances up 16 percent

July Fiscal Year 2018: inflows of workers' remittances up 16 percent

Inflows of workers' remittances, sent by overseas Pakistanis, posted a healthy increase of 16 percent during the first month of this fiscal year. According to State Bank of Pakistan (SBP), overseas Pakistani workers remitted $ 1.542 billion in the first m
Published 11 Aug, 2017 12:00am
July Fiscal Year 2018: inflows of workers' remittances up 16 percent

July Fiscal Year 2018: inflows of workers' remittances up 16 percent

Inflows of workers' remittances, sent by overseas Pakistanis, posted a healthy increase of 16 percent during the first month of this fiscal year. According to State Bank of Pakistan (SBP), overseas Pakistani workers remitted $ 1.542 billion in the first m
Published 11 Aug, 2017 12:00am
Trade deficit widens

Trade deficit widens

Pakistan''s trade deficit has increased to $3.204 billion in July 2017, up by 55.46 percent over $2.061 billion for the same month a year ago, according to Pakistan Bureau of Statistics (PBS). Provisional trade data released by the PBS for the month of Ju
Published 11 Aug, 2017 12:00am
Trade deficit widens

Trade deficit widens

Pakistan's trade deficit has increased to $3.204 billion in July 2017, up by 55.46 percent over $2.061 billion for the same month a year ago, according to Pakistan Bureau of Statistics (PBS). Provisional trade data released by the PBS for the month of Jul
Published 11 Aug, 2017 12:00am
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