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Print - 2017-08-13
Buoyant bitcoin stirs crypto-bubble fears

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 13 Aug, 2017 12:00am
International Youth Day celebrated across the globe

International Youth Day celebrated across the globe

International Youth Day (IYD) 2017 Saturday was celebrated across the globe including Pakistan for recognizing role of the Youth as agents of change in preventing conflict and building peace in the world. This year's theme was "Youth Building Peace".
Published 13 Aug, 2017 12:00am
Loss of lives in quake: Pakistan stands by China at time of grief: PM

Loss of lives in quake: Pakistan stands by China at time of grief: PM

Pakistan stands by the people of China at time of their grief, said Prime Minister Shahid Khaqan Abbasi in his message of condolence on loss of precious lives in wake of August 8-9 earthquake in China. The message sent to Chinese Premier Li Keqiang, said
Published 13 Aug, 2017 12:00am
Bolt anchors Jamaica into finals

Bolt anchors Jamaica into finals

Usain Bolt's bid to bring the curtain down on his glittering career with a 15th world gold medal remained on track as Jamaica qualified for the final of the 4x100m relay. Bolt took the unusual step of racing the relay heats, something usually reserved for
Published 13 Aug, 2017 12:00am
Halep, Svitolina in Toronto semis

Halep, Svitolina in Toronto semis

Simona Halep continued her quest to defend her title at the WTA Toronto tournament with a straight sets win, while Elina Svitolina needed three sets to book the last semi-final spot on Saturday. Halep defeated Frenchwoman Caroline Garcia 6-4, 6-2 while fi
Published 13 Aug, 2017 12:00am
SPFC holds pre-bid meetings to sensitize prospective investors

SPFC holds pre-bid meetings to sensitize prospective investors

South Punjab Forest Company (SPFC) in collaboration with Islamabad Chamber of Commerce and Industry and Sarhad Chamber of Commerce & Industry organized pre-bid meetings/seminars to sensitize prospective investors regarding the forestry opportunity by the
Published 13 Aug, 2017 12:00am
Fajdek wins hat-trick of hammer golds for Poland

Fajdek wins hat-trick of hammer golds for Poland

Pawel Fajdek, the colourful hammer champion from Poland, became the first man to win three successive world championship titles with a dominant triumph on Friday. The bespectacled, tattooed 28-year-old, whose world championship triumphs have gone hand in
Published 13 Aug, 2017 12:00am
Punjab turns into a hub of political activities

Punjab turns into a hub of political activities

Different political parties are eyeing to muster maximum public support from the province of Punjab after disqualification of former prime minister Nawaz Sharif by the Supreme Court of Pakistan. The homecoming rally of Nawaz Sharif continued its GT Road j
Published 13 Aug, 2017 12:00am
Flying Dutchwoman Schippers defends 200 metres title

Flying Dutchwoman Schippers defends 200 metres title

Dafne Schippers successfully defended her 200 metres world title on Friday in a thrilling final to join greats Allyson Felix and Merlene Ottey in winning the event more than once. The 25-year-old Dutchwoman, who took bronze in the 100m, timed a season's b
Published 13 Aug, 2017 12:00am
JI meeting at Mansoora on August 16

JI meeting at Mansoora on August 16

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has convened a meeting of the central office-bearers of the JI at Mansoora on August 16. The meeting will discuss the latest political situation obtaining in the country.
Published 13 Aug, 2017 12:00am
Federer punches ticket to Montreal semis

Federer punches ticket to Montreal semis

Swiss star Roger Federer outclassed Roberto Bautista Agut as he inched closer to his sixth title of the season with a 6-4, 6-4 win in the quarter-finals of the Montreal Masters on Friday. Federer hammered five aces, made just two double faults and won 81
Published 13 Aug, 2017 12:00am
Pacific Pharmaceuticals obtains accreditation from Britain

Pacific Pharmaceuticals obtains accreditation from Britain

First Pakistani company-Pacific Pharmaceuticals has obtained accreditation from the British drug regulatory authority-Medicines and Healthcare Products Regulatory Authority (MHRA). The British accreditation will allow the company to increase its exports o
Published 13 Aug, 2017 12:00am
Punjab Green win Independence Day badminton

Punjab Green win Independence Day badminton

Punjab Green defeated Punjab White in Independence Day boys' and girls' badminton matches here at Nishtar Park Sports Complex Gymnasium Hall. Speaking on the occasion, Shazia Fatima Khawaja MNA said sports activities are the best way to create patriotism
Published 13 Aug, 2017 12:00am
PTI accuses Nawaz of propagating against SC

PTI accuses Nawaz of propagating against SC

Pakistan Tehreek-e-Insaf (PTI)'s spokesman Fawad Chaudhry has said that Nawaz Sharif is claiming he was removed under a conspiracy but he never unveiled the identity of conspirators. He expressed these views while addressing a press conference here on Sat
Published 13 Aug, 2017 12:00am
Independent anti-doping lab for Russia

Independent anti-doping lab for Russia

In a key step to get Russian athletes back into international action Moscow has decreed a new, independent anti-doping lab, reports said on Saturday. Russia was accused in a damaging World Anti-Doping Agency report last year of widespread state-sponsored
Published 13 Aug, 2017 12:00am
Week-long Makerthon event concludes

Week-long Makerthon event concludes

A week-long Makerthon event composed of hands on workshops, regarding robotics, arts and crafts, biotech, coding, stop motion animations and film-making, concluded here on Saturday. The young makers learnt in a cooperative environment where speakers and m
Published 13 Aug, 2017 12:00am
Rooney grabs winner on Everton homecoming

Rooney grabs winner on Everton homecoming

Wayne Rooney marked his Premier League return in Everton colours in perfect fashion with the winning goal in a 1-0 victory over Stoke City at Goodison Park on Saturday. Rooney, who was full of invention and energy throughout, rose well to meet a fine Domi
Published 13 Aug, 2017 12:00am
Chelsea reduced to nine and beaten 3-2 by Burnley

Chelsea reduced to nine and beaten 3-2 by Burnley

Chelsea endured a shocking start to the defence of their Premier League title on Saturday, losing 3-2 at home to Burnley, with their new captain Gary Cahill sent off after only 14 minutes and Cesc Fabregas following late on. The champions looked down and
Published 13 Aug, 2017 12:00am
FPCCI lauds Dar for clearing refunds of Rs 23 billions

FPCCI lauds Dar for clearing refunds of Rs 23 billions

The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Saturday lauded Finance Minister Ishaq Dar for clearing pending refunds of Rs 23 billion, terming it the step which will encourage exporters and taxpayers. The government has fulfilled
Published 13 Aug, 2017 12:00am
Premier League opens: Giroud earns Arsenal madcap opening win

Premier League opens: Giroud earns Arsenal madcap opening win

Substitutes Aaron Ramsey and Olivier Giroud scored as Arsenal twice came from behind to beat Leicester City 4-3 on Friday in a dizzily entertaining opening Premier League game. Record signing Alexandre Lacazette put Arsenal ahead after only 85 seconds at
Published 13 Aug, 2017 12:00am
Woman dies as roof collapses

Woman dies as roof collapses

A 70-year-old woman on Saturday died after the roof of her house collapsed in Raiwind's neighborhood, police said. Police said the incident took place when a fire broke out in the house owing to gas leakage. They said the woman died on the spot as debris
Published 13 Aug, 2017 12:00am
Aubameyang hat-trick as Dortmund, Bayern advance in German Cup

Aubameyang hat-trick as Dortmund, Bayern advance in German Cup

A hat-trick for Pierre-Emerick Aubameyang and a brace for Robert Lewandowski saw Borussia Dortmund and Bayern Munich reach the second round of the German Cup on Saturday. Defending champions Dortmund eased to a 4-0 victory over sixth-tier minnows Riesalin
Published 13 Aug, 2017 12:00am
12 killed in separate incidents in Faisalabad

12 killed in separate incidents in Faisalabad

As many as 12 persons were killed in separate incidents in and around Faisalabad during the past 24 hours. Police spokesman said here Saturday that a lady constable Nagina Abbas posted at Thikriwala police station, her husband Piran Ditta and suckling son
Published 13 Aug, 2017 12:00am
Spinners put India on backfoot after Dhawan ton

Spinners put India on backfoot after Dhawan ton

Shikhar Dhawan smashed a scintillating century for India, but Sri Lanka's spinners struck five times to leave the tourists on edge after the first day of the third Test on Saturday. Malinda Pushpakumara took three wickets and Lakshan Sandakan two, leaving
Published 13 Aug, 2017 12:00am
JI chief for accountability of Musharraf and Zardari's term of office

JI chief for accountability of Musharraf and Zardari's term of office

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq has said that Nawaz Sharif was crying hoarse of a conspiracy against him but was not disclosing who was the conspirator. Addressing a large public meeting at Jhand Bharwana in Jhang district on Satur
Published 13 Aug, 2017 12:00am
Trump calls for unity as far-right rally erupts in violence

Trump calls for unity as far-right rally erupts in violence

A picturesque Virginia city was flooded Saturday with white nationalist demonstrators as well as counter-protesters, prompting the state's governor to declare a state of emergency as law enforcement tried to quell violent skirmishes. Hundreds were in Char
Published 13 Aug, 2017 12:00am
Dual nationality case: arrest warrants of Ispahani, Nadia Gabol issued

Dual nationality case: arrest warrants of Ispahani, Nadia Gabol issued

A local court on Saturday issued arrest warrants of former PPP MNA Farahnaz Ispahani and Advisor to Sindh Chief Minister Nadia Gabol in a criminal case against them over holding dual nationality. The local court heard the criminal case against the two lea
Published 13 Aug, 2017 12:00am
Firefighters battle blazes on Corsica and Portugal

Firefighters battle blazes on Corsica and Portugal

Scorching temperatures and high winds fuelled huge wildfires Saturday on the French island of Corsica, forcing holidaymakers to flee, and in Portugal where firefighters have brought two major blazes under control. Almost 1,000 people were evacuated in Cor
Published 13 Aug, 2017 12:00am
'Khadim-e-Punjab Sehat Khidmat Week' from August 15

'Khadim-e-Punjab Sehat Khidmat Week' from August 15

Primary and Secondary Health Department Punjab is celebrating "Khadim-e-Punjab Sehat Khidmat Week" across the province from August 15, 2017. During the week, the Department would organize consolidated health camps at district & tehsil headquarters hospita
Published 13 Aug, 2017 12:00am
Two teen campers among five dead as storms ravage Poland

Two teen campers among five dead as storms ravage Poland

Five people including two teenage Girl Guides at a campground died in freak accidents on Saturday when violent storms hit Poland in the grip of a heatwave, fire officials and police said. The two girls, aged 13 and 14, were crushed by falling trees while
Published 13 Aug, 2017 12:00am
PBIF stresses need for curtailing imports

PBIF stresses need for curtailing imports

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that imports should be curtailed otherwise it would be difficult for the government to manage things as the external financing requirements for the current fiscal w
Published 13 Aug, 2017 12:00am
Eleven dead as post-election unrest erupts in Kenya

Eleven dead as post-election unrest erupts in Kenya

Kenyan police killed at least 11 people in a crackdown on protests as anger at the re-election of President Uhuru Kenyatta erupted in the western city of Kisumu and slums surrounding the capital, officials and witnesses said on Saturday. However, the NASA
Published 13 Aug, 2017 12:00am
KCCI hails revoking condition of NOC for vehicles' bullet-proofing

KCCI hails revoking condition of NOC for vehicles' bullet-proofing

President of the Karachi Chamber of Commerce and Industry (KCCI) Shamim Ahmed Firpo has welcomed the withdrawal of the condition of prior approval from the Interior Ministry for bullet-proofing of private vehicles. He said that the KCCI was the first and
Published 13 Aug, 2017 12:00am
Flash floods kill 11 in Iran

Flash floods kill 11 in Iran

Flash floods triggered by heavy rain in northeastern Iran have left at least 11 people dead and two missing, the Red Crescent said on Saturday. "So far 11 people have died in this accident - eight of them in Khorasan Razavi, two in Golestan and another in
Published 13 Aug, 2017 12:00am
ABAD to build 5,000 affordable houses in Karachi: Sheikhani

ABAD to build 5,000 affordable houses in Karachi: Sheikhani

Association of Builders and Developers of Pakistan (ABAD) has announced that it will build 5,000 affordable houses in the range between Rs 1.5 million to Rs 2.1 million in Karachi. The ABAD affordable and social housing scheme was launched at 4th ABAD Exp
Published 13 Aug, 2017 12:00am
Flooding and landslides kill more than 30 in Nepal

Flooding and landslides kill more than 30 in Nepal

Flash floods and landslides triggered by heavy rains have left more than 30 people dead in Nepal in the past 24 hours, authorities said on Saturday. Ten more people were missing and the number of dead looked set to climb as large parts of the country were
Published 13 Aug, 2017 12:00am
Condolence

Condolence

The office bearers of Hyderabad Small Chamber of Small Traders and Small Industry have expressed their deep grief and shock on the sad demise of Professor Salahuddin Siddique, father of Nadeem Ahmed Siddique Chairman HCSTSI Law and Order/Police Liaison Su
Published 13 Aug, 2017 12:00am
Women to train as Russian air force pilots

Women to train as Russian air force pilots

Female candidates are to be accepted for the first time to train as pilots for Russia's air force, Defence Minister Sergei Shoigu said Saturday, adding there were so many applications that "we can't ignore them". "There are many young women who would like
Published 13 Aug, 2017 12:00am
No victimisation of young doctors: spokesman

No victimisation of young doctors: spokesman

Spokesman of Specialized Healthcare and Medical Education Department Punjab has said that neither the department intends to victimize present or former leadership of Young Doctors Association (YDA) nor any victimisation is being carried out. He further sa
Published 13 Aug, 2017 12:00am
Seven rescue workers killed in jihadist-held Syria town

Seven rescue workers killed in jihadist-held Syria town

Unidentified assailants shot dead seven members of Syria's White Helmets rescue service early Saturday during a raid on their base in a jihadist-held northwestern town, the group said. The attackers struck in the town of Sarmin, nine kilometres (six miles
Published 13 Aug, 2017 12:00am
PM visits Mazar-e-Quaid to pay homage

PM visits Mazar-e-Quaid to pay homage

Prime Minister Shahid Khaqan Abbasi on Saturday visited Mazar-e-Quaid to pay homage to the Father of Nation, Quaid-e-Azam Muhammad Ali Jinnah. The prime minister laid floral wreath and offered Fateha at the Mazar-e-Quaid. He was accompanied by Governor Si
Published 13 Aug, 2017 12:00am
US urges Iraq Kurds to postpone independence vote

US urges Iraq Kurds to postpone independence vote

Washington has urged Iraqi Kurdish leader Massud Barzani to postpone an independence referendum scheduled for next month but he requested something in return, his office said Saturday. The timing of the September 25 vote has drawn criticism from both the
Published 13 Aug, 2017 12:00am
'Chinese FAW V2 car to be assembled in Pakistan'

'Chinese FAW V2 car to be assembled in Pakistan'

FAW V2 is the first Chinese passenger car to be assembled in Pakistan. Managing Director of the company, Bilal Afridi hosted the event, which was attended by all of their nationwide dealers and vendors. FAW is the fastest growing Chinese automotive compan
Published 13 Aug, 2017 12:00am
Peru, Venezuela expel each other's envoys

Peru, Venezuela expel each other's envoys

Peru on Friday ordered the expulsion of Venezuela's ambassador over his country's "break with democratic rule" under President Nicolas Maduro, and Caracas followed hours later with its own tit-for-tat response. Ambassador Diego Molero has five days to lea
Published 13 Aug, 2017 12:00am
HCCI's fourth industrial carnival begins

HCCI's fourth industrial carnival begins

The 4th industrial carnival of Hyderabad Chamber of Commerce and Industry began on Friday night here at SITE area after inauguration from President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zubair Tufail. The carnival comprised of a
Published 13 Aug, 2017 12:00am
Venezuela assembly denounces 'vile threats' from Trump

Venezuela assembly denounces 'vile threats' from Trump

Venezuela's new Constituent Assembly on Saturday strongly backed socialist President Nicolas Maduro in the face of the "vile threats" of his US counterpart Donald Trump, who said US military action was an option to quell the South American country's devas
Published 13 Aug, 2017 12:00am
SBP asks ADs to process sugar export cases
Exchange

SBP asks ADs to process sugar export cases

The State Bank of Pakistan (SBP) has asked Authorized Dealers (ADs) to process the export of sugar cases as the federal government has allowed 0.3 million tons sugar to export. SBP has issued these directives following the Ministry of Commerce's Office Me
Published 13 Aug, 2017 12:00am
MSF suspends Mediterranean rescues as migrant dispute mounts

MSF suspends Mediterranean rescues as migrant dispute mounts

Doctors Without Borders (MSF) said on Saturday it was suspending its migrant rescues in the Mediterranean because it felt threatened by the Libyan coastguard and the Italian government's policies have made its job harder. The aid group's decision is the l
Published 13 Aug, 2017 12:00am
Indian band lauded for singing Pakistan's national anthem

Indian band lauded for singing Pakistan's national anthem

As Pakistan will be celebrating its 70th Independence Day on Monday with national zeal and fervor, an Indian music group has also joined in the festivities by singing the Pakistani national anthem. Indian Acapella Band Voxchord has sung the anthem as a gi
Published 13 Aug, 2017 12:00am
Funds not ready to pull plug on bullish grain views

Funds not ready to pull plug on bullish grain views

US corn and soybeans are facing more difficulties this growing season than the last couple of years, and although it is clear that complete disaster is not in the cards, there is just enough supply uncertainty to keep the funds cautiously bullish in Chica
Published 13 Aug, 2017 12:00am
Nawaz struggling for supremacy of constitution: Khawaja Asif

Nawaz struggling for supremacy of constitution: Khawaja Asif

Pakistan Muslim League-N senior leader Khawaja Mohammad Asif said on Saturday that Nawaz Sharif is waging a struggle for the supremacy of the constitution by putting his life at stake. While talking to the media, Khawaja Asif, who joined Nawaz Sharif's ho
Published 13 Aug, 2017 12:00am
Cameroon halves cocoa export levy amid price slump

Cameroon halves cocoa export levy amid price slump

Cameroon has halved its levy on cocoa exports to boost revenues for farmers and exporters hit by a dive in global prices over the past year, the trade minister told Reuters. Bumper crops around the world have sent prices lower this season and in some part
Published 13 Aug, 2017 12:00am
Smuggled diesel seized in Karachi

Smuggled diesel seized in Karachi

The City police have foiled a bid of smuggling diesel to Mochko and Mangopir area of the City on Saturday. The police acting on information about the smuggling of huge quantity of diesel started checking the vehicles coming from National Highway, said pol
Published 13 Aug, 2017 12:00am
Good quality French wheat crop showing high protein

Good quality French wheat crop showing high protein

France's 2017 wheat crop was showing very good protein content while other quality specifications appeared adequate to meet market needs despite the impact of late rain, public farming agency FranceAgriMer said on Tuesday. "In terms of quality, the protei
Published 13 Aug, 2017 12:00am
Incidents of terrorism decline by 70 percent during 2017

Incidents of terrorism decline by 70 percent during 2017

Terrorists incidents in Khyber Pakhtunkhwa (KP) registered 70 per cent decline during the current year. So far 90 incidents of terrorism have occurred as compared to 2016 in which 274 incidents of terrorism took place, said a report released here Saturday
Published 13 Aug, 2017 12:00am
Corn market likely to face massive crop after surprise USDA forecast

Corn market likely to face massive crop after surprise USDA forecast

The US Agriculture Department's surprise forecast of a bumper corn harvest is likely to stay in place, even with farmers reporting signs of stress in their fields and weekly crop conditions falling to five-year lows. The government rarely makes big adjust
Published 13 Aug, 2017 12:00am
Azadi Train begins countrywide journey from Islamabad

Azadi Train begins countrywide journey from Islamabad

Azadi Train has started its countrywide journey here from Margalla Railway Station on Saturday to mark the 70th Independence Day of Pakistan. Minister of State for Information and Broadcasting, Marriyum Aurangzeb inaugurated the train. Addressing the inau
Published 13 Aug, 2017 12:00am
JDE brings premium coffee brand to Brazil

JDE brings premium coffee brand to Brazil

Jacobs Douwe Egberts (JDE), the world's second-largest coffee retailer, said on Tuesday it will launch its super premium brand L'OR in Brazil, to take advantage of a luxury goods segment that has grown rapidly despite an economic downturn.
Published 13 Aug, 2017 12:00am
Revenue collection increases 70 percent in 2013-17: Dar

Revenue collection increases 70 percent in 2013-17: Dar

Finance Minister Senator Ishaq Dar chaired the Customs Chief Collectors/Director Generals conference at the FBR Headquartres. Welcoming the initiative to hold the conference he said it provided a good opportunity for interaction and sharing of professiona
Published 13 Aug, 2017 12:00am
ANP workers stage rally against corruption

ANP workers stage rally against corruption

Workers of Awami National Party (ANP) in district Karak on Saturday took out a protest rally against the ongoing corruption, shifting of oil refinery and ignoring southern districts in China Pakistan Economic Corridor (CPEC). The protest rally led by prov
Published 13 Aug, 2017 12:00am
Argentine farmers increase corn investment

Argentine farmers increase corn investment

Argentine farmers will increase investments in the next corn planting season despite fears about a political comeback for former President Cristina Fernandez, who implemented export taxes and restrictions despised by the sector, leaders of industry groups
Published 13 Aug, 2017 12:00am
Kachhi canal project to be commissioned by end-August

Kachhi canal project to be commissioned by end-August

Following the delay of more than a decade, the construction of Kachhi Canal Project will finally be completed by the third week of August followed by filling of water to test the main canal and its structures. A formal commissioning of Kachhi Canal is sch
Published 13 Aug, 2017 12:00am
China's smog crackdown roils niche commodities markets

China's smog crackdown roils niche commodities markets

China's push for blue skies is roiling supplies and boosting prices of key raw materials from soymeal to ferroalloys as the government ramps up smog checks and forces some factories in the world's top commodities market to close or suspend operations.
Published 13 Aug, 2017 12:00am
KP and Fata: elaborate plan chalked out to celebrate Independence Day

KP and Fata: elaborate plan chalked out to celebrate Independence Day

Preparations for Independence Day celebrations have reached their peak in Khyber Pakhtunkhwa and Federally Administered Tribal Areas as different political, social and literary organizations finalized its plan to hold ceremonies, rallies, and functions to
Published 13 Aug, 2017 12:00am
Ghana's gold, diamond output to drop

Ghana's gold, diamond output to drop

Ghana's gold output is likely to drop sharply in 2017 because of curbs on the small-scale mining that lifted production last year but was causing damage to the environment, a government official said on Saturday. Total gold output from Africa's second lar
Published 13 Aug, 2017 12:00am
APFMA for early payment of outstanding dues

APFMA for early payment of outstanding dues

The Central Executive Committee of All Pakistan Flour Mills Association (APFMA) has urged the government to decide pending cases at the earliest and pay the outstanding dues to flour mills' owners. In this connection, a meeting of APFMA Central Executive
Published 13 Aug, 2017 12:00am
China's July soyabean imports hit highest on record

China's July soyabean imports hit highest on record

China's July soyabean imports surged 30 percent to their highest level on records back to 2010, according to Reuters calculations based on customs data, as ports in the world's top oilseed consumer rushed to clear a months-long backlog of cargoes. July im
Published 13 Aug, 2017 12:00am
PPP planning to introduce youth-friendly policies: Bilawal

PPP planning to introduce youth-friendly policies: Bilawal

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has said that his party is planning to introduce youth-friendly policies to help Pakistani youth to meet their aspirations and ambitions by throwing away all the hurdles and hitches in their way to pr
Published 13 Aug, 2017 12:00am
LME seeks consensus to cut rents for storing metal
Exchange

LME seeks consensus to cut rents for storing metal

The London Metal Exchange is seeking agreement from its network of metal warehouse owners to cut the rents charged for storage, which could boost the amounts of metal registered under LME warrant and improve transparency. Rents for aluminium on warrant, w
Published 13 Aug, 2017 12:00am
Cost audit under the Companies Act, 2017 - I
Exchange

Cost audit under the Companies Act, 2017 - I

The Companies Act, 2017, after much fanfare, has now been enforced in Pakistan. The finance minister acknowledged and appreciated the good efforts of Securities and Exchange Commission of Pakistan (SECP) and its entire team of senior bureaucrats for bring
Published 13 Aug, 2017 12:00am
SC forms two benches for next week

SC forms two benches for next week

Two benches of the Supreme Court have been formed to hear important cases at principal seat during the week commencing from August 15. Bench I of the Chief Justice Mian Saqib Nisar consists of Justice Mushir Alam and Justice Sardar Tariq Masood. Bench II
Published 13 Aug, 2017 12:00am
Blackwater founder resurfaces selling Afghan plan

Blackwater founder resurfaces selling Afghan plan

Nearly 16 years after US forces entered Afghanistan, a shadowy figure from the past is making the rounds in Washington with a plan to end America's longest war. Erik Prince, founder of the private security company Blackwater, has resurfaced as President D
Published 13 Aug, 2017 12:00am
Conference on 'Pakistan-Turkey Business Opportunities' held in Istanbul

Conference on 'Pakistan-Turkey Business Opportunities' held in Istanbul

Leading businessmen of Pakistan and Turkey participated in the "Pakistan-Turkey Business Opportunities Conference" organized by the Rawalpindi Chamber of Commerce & Industry (RCCI) in collaboration with All Industrialists & Businessmen Association of Turk
Published 13 Aug, 2017 12:00am
Agenda for tax reforms - III

Agenda for tax reforms - III

Pakistan also faces the herculean task of providing jobs to millions-on an average we need to create 1.2 million jobs annually for young people alone. For achieving this task, we will have to ensure that economy grows at the rate of 8% to 10% per annum ov
Published 13 Aug, 2017 12:00am
Prices of essential kitchen items continue to be skyrocketed

Prices of essential kitchen items continue to be skyrocketed

Prices of essential kitchen items remained on high slide during the past week as compared with the preceding week, a survey carried out by Business Recorder revealed here on Saturday. Potatoes price remained stable at Rs 3,100 per quintal and Rs 18
Published 13 Aug, 2017 12:00am
Agenda for tax reforms - III

Agenda for tax reforms - III

Pakistan also faces the herculean task of providing jobs to millions-on an average we need to create 1.2 million jobs annually for young people alone. For achieving this task, we will have to ensure that economy grows at the rate of 8% to 10% per annum ov
Published 13 Aug, 2017 12:00am
Bajaur Agency will soon be cleared of militants: Brigadier Kiyani

Bajaur Agency will soon be cleared of militants: Brigadier Kiyani

Pakistan Army, North Command Sector, Commander in tribal Bajaur Agency, Brigadier Amir Kiyani has said that the agency will soon clear Bajaur Agency of militants and anti social elements and all out efforts are being used for the purpose. He was speaking
Published 13 Aug, 2017 12:00am
Companies Act, 2017: Appraising roles of chairman & directors

Companies Act, 2017: Appraising roles of chairman & directors

Section 192 of the Companies Act-2017 provides that board of directors of a listed company is required to appoint a chairman to hold office for three years. The period can be less than three years in circumstances cited by the Act. With reference to appoi
Published 13 Aug, 2017 12:00am
Trapped Indo-Pacific: finless porpoise released into sea

Trapped Indo-Pacific: finless porpoise released into sea

Mehar Gul became the first fisherman of the country to release the declining Indo-Pacific finless porpoise unhurt back into seawater some around 17 kilometres south of Gwadar, Balochistan last Friday, Aug 11. The rare marine species found its first succes
Published 13 Aug, 2017 12:00am
Ban on nuclear weapons?

Ban on nuclear weapons?

At the United Nations in July when the Nuclear Weapons Ban Treaty draft was put to vote for adoption, Pakistan, along with all recognised and non-recognised nuclear weapons states, was absent from the scene. It was not party to the negotiations on the obj
Published 13 Aug, 2017 12:00am
Street crimes on the rise in Islamabad

Street crimes on the rise in Islamabad

Street crimes including robberies, snatching and vehicle thefts were among the leading crimes registered during the last week in the city. According to the data gathered by Business Recorder through registered first information reports (FIRs), vari
Published 13 Aug, 2017 12:00am
Trump's messenger comes calling
Exchange

Trump's messenger comes calling

Following the emergence of the Taliban in Afghanistan in the mid-1990s, the United States had two choices - to recognize the new government and work to reorientate their worldview to the imperatives of the present times, or remove them by defeating them i
Published 13 Aug, 2017 12:00am
International Youth Day celebrated across the globe

International Youth Day celebrated across the globe

International Youth Day (IYD) 2017 Saturday was celebrated across the globe including Pakistan for recognizing role of the Youth as agents of change in preventing conflict and building peace in the world. This year's theme was "Youth Building Peace".
Published 13 Aug, 2017 12:00am
13,490,000 sticks of illicit cigarettes seized

13,490,000 sticks of illicit cigarettes seized

The Directorate General of Intelligence and Investigation Inland Revenue (IR) has conducted seven successful raids and seized 13,490,000 sticks of illicit cigarettes in three different cities.
Published 13 Aug, 2017 12:00am
Loss of lives in quake: Pakistan stands by China at time of grief: PM

Loss of lives in quake: Pakistan stands by China at time of grief: PM

Pakistan stands by the people of China at time of their grief, said Prime Minister Shahid Khaqan Abbasi in his message of condolence on loss of precious lives in wake of August 8-9 earthquake in China. The message sent to Chinese Premier Li Keqiang, said
Published 13 Aug, 2017 12:00am
13,490,000 sticks of illicit cigarettes seized

13,490,000 sticks of illicit cigarettes seized

The Directorate General of Intelligence and Investigation Inland Revenue (IR) has conducted seven successful raids and seized 13,490,000 sticks of illicit cigarettes in three different cities.
Published 13 Aug, 2017 12:00am
13,490,000 sticks of illicit cigarettes seized

13,490,000 sticks of illicit cigarettes seized

The Directorate General of Intelligence and Investigation Inland Revenue (IR) has conducted seven successful raids and seized 13,490,000 sticks of illicit cigarettes in three different cities.
Published 13 Aug, 2017 12:00am
SPFC holds pre-bid meetings to sensitize prospective investors

SPFC holds pre-bid meetings to sensitize prospective investors

South Punjab Forest Company (SPFC) in collaboration with Islamabad Chamber of Commerce and Industry and Sarhad Chamber of Commerce & Industry organized pre-bid meetings/seminars to sensitize prospective investors regarding the forestry opportunity by the
Published 13 Aug, 2017 12:00am
Cost of Hyderabad-Sukkur Motorway project to rise due to delayed start

Cost of Hyderabad-Sukkur Motorway project to rise due to delayed start

National Highway Authority (NHA) has missed the deadline to begin construction of the Hyderabad-Sukkur Motorway project, which will engender a hike in overall cost of the project, it is learnt. The project was proposed to be completed in three years at an
Published 13 Aug, 2017 12:00am
Punjab turns into a hub of political activities

Punjab turns into a hub of political activities

Different political parties are eyeing to muster maximum public support from the province of Punjab after disqualification of former prime minister Nawaz Sharif by the Supreme Court of Pakistan. The homecoming rally of Nawaz Sharif continued its GT Road j
Published 13 Aug, 2017 12:00am
Cost of Hyderabad-Sukkur Motorway project to rise due to delayed start

Cost of Hyderabad-Sukkur Motorway project to rise due to delayed start

National Highway Authority (NHA) has missed the deadline to begin construction of the Hyderabad-Sukkur Motorway project, which will engender a hike in overall cost of the project, it is learnt. The project was proposed to be completed in three years at an
Published 13 Aug, 2017 12:00am
JI meeting at Mansoora on August 16

JI meeting at Mansoora on August 16

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has convened a meeting of the central office-bearers of the JI at Mansoora on August 16. The meeting will discuss the latest political situation obtaining in the country.
Published 13 Aug, 2017 12:00am
Cost of Hyderabad-Sukkur Motorway project to rise due to delayed start

Cost of Hyderabad-Sukkur Motorway project to rise due to delayed start

National Highway Authority (NHA) has missed the deadline to begin construction of the Hyderabad-Sukkur Motorway project, which will engender a hike in overall cost of the project, it is learnt. The project was proposed to be completed in three years at an
Published 13 Aug, 2017 12:00am
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