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Print - 2017-09-22
Fire erupts at petrol station

Fire erupts at petrol station

One person received burn injuries on Thursday when fire erupted at a petrol station in the limits of Secretariat police station. According to details, fire broke out in the gas plant of petrol station and as a result one person got injured. Soon after the
Published 22 Sep, 2017 12:00am
Civil society demands enforcement of pro-women laws in PATA

Civil society demands enforcement of pro-women laws in PATA

Members of civil society organisation have hailed the extension of Khyber Pakhtunkhwa Commission on Status of Women (KPCSW) Act 2016 to Provincial Administered Tribal Areas (PATA). They demanded the enforcement of laws to ensure protection of women rights
Published 22 Sep, 2017 12:00am
Proper implementation of KP Senior Citizens Welfare Act 2014 urged

Proper implementation of KP Senior Citizens Welfare Act 2014 urged

Participants of media sensitization workshop on promotion of the rights of older people have called for taking all stakeholders on board to implement the Khyber Pakhtunkhwa Senior Citizens Welfare Act, 2014 in letter and spirit. The sensitization workshop
Published 22 Sep, 2017 12:00am
NAB arrests a proclaimed accused

NAB arrests a proclaimed accused

National Accountability Bureau (NAB) Karachi on Thursday arrested one Noman Ali Bhatti, proprietor of a business firm M/s Expose International. He was wanted in a reference filed against him at the Accountability Court Karachi on charges of obtaining ille
Published 22 Sep, 2017 12:00am
FPCCI condemns anti-Muneer statement

FPCCI condemns anti-Muneer statement

FPCCI has strongly condemned the statement of Anjum Nisar and Ghulam Ali of Business Panel about former CEO of TDAP S.M. Muneer. The contents of the statement are not only baseless but ridiculously misgiving. Levelling allegation of wasting of Rs 84 Billi
Published 22 Sep, 2017 12:00am
External loans' data not released for July, August

External loans' data not released for July, August

The Economic Affairs Division (EAD) has, contrary to its usual practice of releasing data on external loans procured by the 20 of each month, not released the data for July and August prompting speculation that the amounts are unusually large. Sukuk bonds
Published 22 Sep, 2017 12:00am
External loans' data not released for July, August

External loans' data not released for July, August

The Economic Affairs Division (EAD) has, contrary to its usual practice of releasing data on external loans procured by the 20 of each month, not released the data for July and August prompting speculation that the amounts are unusually large. Sukuk bonds
Published 22 Sep, 2017 12:00am
Over 7750 megawatts added to national grid

Over 7750 megawatts added to national grid

More than 7,750 megawatts generation capacity has been added so far to the power system during the tenure of the present government, while the expected production and demand of electricity in the last week of December this year would be 20,988 megawatts a
Published 22 Sep, 2017 12:00am
Peace, political stability a must for economic development: Ahsan Iqbal

Peace, political stability a must for economic development: Ahsan Iqbal

Interior Minister Ahsan Iqbal on Thursday said that peace, political stability and continuity of policies are mandatory for economic development of the country. The minister said this while addressing a programme held in connection with International Peac
Published 22 Sep, 2017 12:00am
UC chairman among two dead as vehicle falls into ravine

UC chairman among two dead as vehicle falls into ravine

Two including a chairman of the Union Council (UC) died while another was injured when a vehicle fell into a gorge here on Thursday. Police said that an over speeding vehicle skidded off road and it fell into a deep ravine by roadside in village Daiwal of
Published 22 Sep, 2017 12:00am
Anti-Pak posters: Rabbani suspends Pak-Swiss friendship group

Anti-Pak posters: Rabbani suspends Pak-Swiss friendship group

A day after asking Foreign Office to expel Swiss ambassador after Swiss authorities paid no heed to protest lodged against a terrorist organisation for displaying anti-Pakistan posters in Geneva, Chairman Senate Raza Rabbani on Thursday suspended Pakistan
Published 22 Sep, 2017 12:00am
Senators flay FPSC for producing below average civil servants

Senators flay FPSC for producing below average civil servants

The lawmakers in Senate on Thursday flayed the dismal performance of Federal Public Service Commission (FPSC), blaming it for producing below average civil servants who, according to them, have proved to be complete disappointment despite making their way
Published 22 Sep, 2017 12:00am
Committee on Ethics: Senate body discusses procedure draft on Ethics

Committee on Ethics: Senate body discusses procedure draft on Ethics

Senate Committee on Ethics met here at the Parliament House on Thursday to discuss the draft rules of procedure of the Committee on ethics, 2017. The committee meeting underwent detailed discussion on the composition of the Committee, its functions, proce
Published 22 Sep, 2017 12:00am
Entry of 14 clerics banned in Islamabad

Entry of 14 clerics banned in Islamabad

Islamabad Capital Territory (ICT) administration has banned entry of 14 religious scholars of different schools of thought in the city, while banned 11 others from delivering speeches for two months. An official said that the ban has been imposed on four
Published 22 Sep, 2017 12:00am
Over 12,000 security personnel to guard Muharram gatherings in Islamabad

Over 12,000 security personnel to guard Muharram gatherings in Islamabad

The city police will deploy over 12,000 security personnel to guard 909 religious gatherings and 177 processions on the occasion of Muharram-ul-Haram in the federal capital. According to a senior official of the police, capital territory police have final
Published 22 Sep, 2017 12:00am
Clarification

Clarification

This is with reference to a news item titled "PAT of FFCL stands Rs 2.613 billion in fiscal year 2017"carried by Business Recorder on Thursday. According to a clarification issued by the Fauji fertiliser company limited(FFCL) here on Thursday, the
Published 22 Sep, 2017 12:00am
Country cannot progress without justice: Imran

Country cannot progress without justice: Imran

Pakistan Tehreek-e-Insaf Chairperson Imran Khan said that the country cannot progress in the absence of justice while addressing a rally in Jhelum on Thursday. A society only progresses when it favours it poor, he said. He also said that change comes from
Published 22 Sep, 2017 12:00am
OIC Contact Group expresses solidarity with Kashmiris

OIC Contact Group expresses solidarity with Kashmiris

The Organisation of Islamic Cooperation (OIC) has expressed solidarity for the people of Indian occupied Kashmir on the sidelines of the 72nd session of the United Nations General Assembly. The Contact Group of the OIC met in New York on Wednesday where i
Published 22 Sep, 2017 12:00am
Syria's civil war

Syria's civil war

Three Russian soldiers have been killed in Syria during fighting between Islamic State group jihadists and Moscow-backed government forces. Media reports have said that the Britain-based Syrian Observatory for Human Rights said the soldiers were killed on
Published 22 Sep, 2017 12:00am
Road to electric car paradise paved with handouts

Road to electric car paradise paved with handouts

The Norwegian island of Finnoey has the highest density of electric cars in the world. The reason? They are exempt from the $6,000-a-year toll charges for the tunnel to the mainland. There has been a surge in sales of fully electric cars like Teslas and N
Published 22 Sep, 2017 12:00am
Invigorating ECO

Invigorating ECO

Because of superpower rivalry and evolving geopolitical circumstances, a group of countries of this region is coming together in a natural economic alliance. The regional economic integration of trade, in goods, services and investments can potentially un
Published 22 Sep, 2017 12:00am
Taxation sans constitutionalism

Taxation sans constitutionalism

"The Constitution is supreme and each organ of the state has to perform its duties and functions in accordance with the constitutional scheme.... An official action or act, which violates any of the provisions of the Constitution or the law reflects arbit
Published 22 Sep, 2017 12:00am
Alternate narrative
Exchange

Alternate narrative

Members of the Senate on September 18, 2017 emphasised building an alternate national narrative as envisaged in the National Action Plan (NAP) to root out the menace of militancy otherwise the counterterrorism plan may turn out to be a 'non-action plan'.
Published 22 Sep, 2017 12:00am
Anti-money laundering law needs revision
Exchange

Anti-money laundering law needs revision

The Anti-Money Laundering Act (AMLA) passed in 2010, during the tenure of the PPP-led coalition government, and amended in 2015 are attempts to deal with illegal sources of income defined narrowly as income from crime. It is significant to note that AMLA
Published 22 Sep, 2017 12:00am
IMF says Macron reforms crucial for French growth

IMF says Macron reforms crucial for French growth

The government of French President Emmanuel Macron needs to make good on its reform promises if it wants a shot at boosting growth durably, the International Monetary Fund said Thursday. As the French economy picks up after a long period of slow growth, c
Published 22 Sep, 2017 12:00am
IMF says Macron reforms crucial for French growth

IMF says Macron reforms crucial for French growth

The government of French President Emmanuel Macron needs to make good on its reform promises if it wants a shot at boosting growth durably, the International Monetary Fund said Thursday. As the French economy picks up after a long period of slow growth, c
Published 22 Sep, 2017 12:00am
IMF says Macron reforms crucial for French growth

IMF says Macron reforms crucial for French growth

The government of French President Emmanuel Macron needs to make good on its reform promises if it wants a shot at boosting growth durably, the International Monetary Fund said Thursday. As the French economy picks up after a long period of slow growth, c
Published 22 Sep, 2017 12:00am
IMF says Macron reforms crucial for French growth

IMF says Macron reforms crucial for French growth

The government of French President Emmanuel Macron needs to make good on its reform promises if it wants a shot at boosting growth durably, the International Monetary Fund said Thursday. As the French economy picks up after a long period of slow growth, c
Published 22 Sep, 2017 12:00am
Nepra likely to approve Rs 1.81 per unit refund

Nepra likely to approve Rs 1.81 per unit refund

National Electric Power Regulatory Authority (Nepra) is likely to approve a refund of Rs 1.81 per unit to the consumers of power Distribution Companies (Discos) for August 2017 under monthly fuel adjustment formula. In this regard, Central Power Purchasin
Published 22 Sep, 2017 12:00am
Nepra likely to approve Rs 1.81 per unit refund

Nepra likely to approve Rs 1.81 per unit refund

National Electric Power Regulatory Authority (Nepra) is likely to approve a refund of Rs 1.81 per unit to the consumers of power Distribution Companies (Discos) for August 2017 under monthly fuel adjustment formula. In this regard, Central Power Purchasin
Published 22 Sep, 2017 12:00am
Nepra likely to approve Rs 1.81 per unit refund

Nepra likely to approve Rs 1.81 per unit refund

National Electric Power Regulatory Authority (Nepra) is likely to approve a refund of Rs 1.81 per unit to the consumers of power Distribution Companies (Discos) for August 2017 under monthly fuel adjustment formula. In this regard, Central Power Purchasin
Published 22 Sep, 2017 12:00am
Government considering three names to replace Dar

Government considering three names to replace Dar

The government is considering three names to replace Finance Minister Ishaq Dar who is facing a NAB reference in accountability court. Sources in the Finance Ministry stated that Advisor to Prime Minister on Economic Affairs Division is being named as mos
Published 22 Sep, 2017 12:00am
The Weather

The Weather

The weather report on Thursday (September 21, 2017) and the forecast for Friday (September 22, 2017).

Published 22 Sep, 2017 12:00am
Government considering three names to replace Dar

Government considering three names to replace Dar

The government is considering three names to replace Finance Minister Ishaq Dar who is facing a NAB reference in accountability court. Sources in the Finance Ministry stated that Advisor to Prime Minister on Economic Affairs Division is being named as mos
Updated 22 Sep, 2017 03:20pm
Global trade ''rebounds strongly'' in first half of 2017: WTO

Global trade ''rebounds strongly'' in first half of 2017: WTO

The World Trade Organisation on Thursday upped its forecast for global trade growth in 2017 thanks to stronger than expected demand for merchandise in Asia and North America. A previous projection of 2.4 percent growth for this year has been boosted to 3.
Published 22 Sep, 2017 12:00am
Global trade 'rebounds strongly' in first half of 2017: WTO

Global trade 'rebounds strongly' in first half of 2017: WTO

The World Trade Organisation on Thursday upped its forecast for global trade growth in 2017 thanks to stronger than expected demand for merchandise in Asia and North America. A previous projection of 2.4 percent growth for this year has been boosted to 3.
Published 22 Sep, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (September 21, 2017).

Published 22 Sep, 2017 12:00am
Global trade 'rebounds strongly' in first half of 2017: WTO

Global trade 'rebounds strongly' in first half of 2017: WTO

The World Trade Organisation on Thursday upped its forecast for global trade growth in 2017 thanks to stronger than expected demand for merchandise in Asia and North America. A previous projection of 2.4 percent growth for this year has been boosted to 3.
Published 22 Sep, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (September 21, 2017)

Published 22 Sep, 2017 12:00am
Education at forefront of government's agenda: PM tells Malala

Education at forefront of government's agenda: PM tells Malala

Prime Minister Shahid Khaqan Abbasi told Nobel Laureate and education activist Malala Yousafzai on Wednesday evening that promotion of education was at the "forefront" of the present government's agenda. Malala, who is in New York in connection with a UN
Published 22 Sep, 2017 12:00am
Education at forefront of government's agenda: PM tells Malala

Education at forefront of government's agenda: PM tells Malala

Prime Minister Shahid Khaqan Abbasi told Nobel Laureate and education activist Malala Yousafzai on Wednesday evening that promotion of education was at the "forefront" of the present government's agenda. Malala, who is in New York in connection with a UN
Published 22 Sep, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 21, 2017).

Published 22 Sep, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 21, 2017).

Published 22 Sep, 2017 12:00am
Mamnoon underscores need for greater sectarian harmony

Mamnoon underscores need for greater sectarian harmony

President Mamnoon Hussain has emphasised on refraining from the heinous practices of selfish interests, sectarianism and terrorism and stressed promotion of welfare of humanity and brotherhood in accordance with the teachings of Islam. In a message to nat
Published 22 Sep, 2017 12:00am
Mamnoon underscores need for greater sectarian harmony

Mamnoon underscores need for greater sectarian harmony

President Mamnoon Hussain has emphasised on refraining from the heinous practices of selfish interests, sectarianism and terrorism and stressed promotion of welfare of humanity and brotherhood in accordance with the teachings of Islam. In a message to nat
Published 22 Sep, 2017 12:00am
THE RUPEE: rates firm

THE RUPEE: rates firm

The rupee halted further decline against the dollar on the money market on Thursday, dealers said. The rupee was almost unchanged versus the dollar for buying and selling at Rs 105.41 and Rs 105.42, respectively, they said.
Published 22 Sep, 2017 12:00am
Forex reserves plummet
Exchange

Forex reserves plummet

The country''s foreign exchange reserves fell sharply by $485 million during last week, mainly due to repayment of external debt. According to State Bank of Pakistan (SBP), the country''s forex reserves stood at $20.09 billion as on September 15, 2017 com
Published 22 Sep, 2017 12:00am
THE RUPEE: rates firm

THE RUPEE: rates firm

The rupee halted further decline against the dollar on the money market on Thursday, dealers said. The rupee was almost unchanged versus the dollar for buying and selling at Rs 105.41 and Rs 105.42, respectively, they said.
Published 22 Sep, 2017 12:00am
Forex reserves plummet
Exchange

Forex reserves plummet

The country's foreign exchange reserves fell sharply by $485 million during last week, mainly due to repayment of external debt. According to State Bank of Pakistan (SBP), the country's forex reserves stood at $20.09 billion as on September 15, 2017 compa
Published 22 Sep, 2017 12:00am
Forex reserves plummet
Exchange

Forex reserves plummet

The country's foreign exchange reserves fell sharply by $485 million during last week, mainly due to repayment of external debt. According to State Bank of Pakistan (SBP), the country's forex reserves stood at $20.09 billion as on September 15, 2017 compa
Published 22 Sep, 2017 12:00am
Grenade attack on minister kills three in IoK

Grenade attack on minister kills three in IoK

Suspected militants fired a grenade Thursday at the motorcade of a local politician in Indian-administered Kashmir, killing three bystanders and wounding at least 20 others, police said. The attack occurred as Nayeem Akhtar, a local government minister, w
Published 22 Sep, 2017 12:00am
Grenade attack on minister kills three in IoK

Grenade attack on minister kills three in IoK

Suspected militants fired a grenade Thursday at the motorcade of a local politician in Indian-administered Kashmir, killing three bystanders and wounding at least 20 others, police said. The attack occurred as Nayeem Akhtar, a local government minister, w
Published 22 Sep, 2017 12:00am
Executive Chairman WEF lauds development in economy

Executive Chairman WEF lauds development in economy

Executive Chairman World Economic Forum (WEF), Klaus Schwab has said that he is deeply impressed by recent developments in Pakistan''''s economy. Speaking during his meeting with Prime Minister Shahid Khaqan Abbasi here on Thursday, Klaus Schwab said that
Published 22 Sep, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (September 21, 2017).

Published 22 Sep, 2017 12:00am
Executive Chairman WEF lauds development in economy

Executive Chairman WEF lauds development in economy

Executive Chairman World Economic Forum (WEF), Klaus Schwab has said that he is deeply impressed by recent developments in Pakistan''s economy. Speaking during his meeting with Prime Minister Shahid Khaqan Abbasi here on Thursday, Klaus Schwab said that t
Published 22 Sep, 2017 12:00am
Executive Chairman WEF lauds development in economy

Executive Chairman WEF lauds development in economy

Executive Chairman World Economic Forum (WEF), Klaus Schwab has said that he is deeply impressed by recent developments in Pakistan's economy. Speaking during his meeting with Prime Minister Shahid Khaqan Abbasi here on Thursday, Klaus Schwab said that th
Published 22 Sep, 2017 12:00am
Executive Chairman WEF lauds development in economy

Executive Chairman WEF lauds development in economy

Executive Chairman World Economic Forum (WEF), Klaus Schwab has said that he is deeply impressed by recent developments in Pakistan's economy. Speaking during his meeting with Prime Minister Shahid Khaqan Abbasi here on Thursday, Klaus Schwab said that th
Published 22 Sep, 2017 12:00am
US financial regulator says it was hacked in 2016
Exchange

US financial regulator says it was hacked in 2016

The US Securities and Exchange Commission was the victim of a hacking attack in 2016 and the perpetrators may have been able to profit from ill-gotten information, the agency announced. In a press release late Wednesday, the top US financial regulator sai
Published 22 Sep, 2017 12:00am
A generous approach to development budget

A generous approach to development budget

The government has removed restriction of ways and means for releases of development budget during the last fiscal year of its tenure before the 2018 elections. Secretary Finance Shahid Mehmood said Thursday that "Restriction of ways and means on release
Published 22 Sep, 2017 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 22 Sep, 2017 12:00am
A generous approach to development budget

A generous approach to development budget

The government has removed restriction of ways and means for releases of development budget during the last fiscal year of its tenure before the 2018 elections. Secretary Finance Shahid Mehmood said Thursday that "Restriction of ways and means on release
Published 22 Sep, 2017 12:00am
A generous approach to development budget

A generous approach to development budget

The government has removed restriction of ways and means for releases of development budget during the last fiscal year of its tenure before the 2018 elections. Secretary Finance Shahid Mehmood said Thursday that "Restriction of ways and means on release
Published 22 Sep, 2017 12:00am
91st birth anniversary: Google honours Noor Jehan with doodle

91st birth anniversary: Google honours Noor Jehan with doodle

Google on Thursday dedicated a doodle for homepage in honour of Madam Noor Jehan on her 91st birth anniversary. Born as Allah Rakhi Wasai on September 21, 1925, she was known as the "Malika-e-Taranum" (Queen of Melody) across the world. Her voice and uniq
Published 22 Sep, 2017 12:00am
91st birth anniversary: Google honours Noor Jehan with doodle

91st birth anniversary: Google honours Noor Jehan with doodle

Google on Thursday dedicated a doodle for homepage in honour of Madam Noor Jehan on her 91st birth anniversary. Born as Allah Rakhi Wasai on September 21, 1925, she was known as the "Malika-e-Taranum" (Queen of Melody) across the world. Her voice and uniq
Published 22 Sep, 2017 12:00am
Highest damages amount in ICSID history

Highest damages amount in ICSID history

After silence of almost one month, Turkish firm M/s Karkey Karadeniz Elektrik Uretim on Thursday claimed that the International Centre for Settlement of Investment Disputes (ICSID), an arm of the World Bank, has granted Karkey one of the highest damages a
Published 22 Sep, 2017 12:00am
Highest damages amount in ICSID history

Highest damages amount in ICSID history

After silence of almost one month, Turkish firm M/s Karkey Karadeniz Elektrik Uretim on Thursday claimed that the International Centre for Settlement of Investment Disputes (ICSID), an arm of the World Bank, has granted Karkey one of the highest damages a
Published 22 Sep, 2017 12:00am
Highest damages amount in ICSID history

Highest damages amount in ICSID history

After silence of almost one month, Turkish firm M/s Karkey Karadeniz Elektrik Uretim on Thursday claimed that the International Centre for Settlement of Investment Disputes (ICSID), an arm of the World Bank, has granted Karkey one of the highest damages a
Published 22 Sep, 2017 12:00am
Award to Karkey being examined

Award to Karkey being examined

Ministry of Water and Power said on Thursday that Government is examining the award to Karkey by ICSID from all aspects including availing all legal remedies under the international arbitration laws. A spokesperson for Power Division (Energy Ministry) sai
Published 22 Sep, 2017 12:00am