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Print - 2017-10-03
Thar Foundation, STEVTA ink MoU to train youth

Thar Foundation, STEVTA ink MoU to train youth

The Thar Foundation and Sindh Technical Education and Vocational Training Authority (STEVTA) have partnered to train Thari Youth in demand driven technical trades that will have better employability in current and future mining projects in projects of Tha
Published 03 Oct, 2017 12:00am
Agreement reached: SCB to implement Avaya's IP telephony solutions

Agreement reached: SCB to implement Avaya's IP telephony solutions

Standard Chartered Bank (Pakistan) Ltd on Monday signed an agreement with the Pronet (Pvt) Ltd. to deploy cutting-edge communications solutions from Avaya. As per agreement, the Standard Chartered will implement Avaya's IP telephony solutions nationwide,
Published 03 Oct, 2017 12:00am
Promotion of SMEs: SCCI chief pledges to continue efforts

Promotion of SMEs: SCCI chief pledges to continue efforts

The newly-elected President Sialkot Chamber of Commerce and Industry (SCCI), Zahid Latif Malik has pledged to continue efforts for the betterment and promotion of SMEs and women entrepreneurship enabling them to play instrumental role in enhancing export
Published 03 Oct, 2017 12:00am
LHC directs HEC to certify degrees issued by FJMC

LHC directs HEC to certify degrees issued by FJMC

The Lahore High Court on Monday directed the Higher Education Commission (HEC) to certify degrees issued by Fatima Jinnah Medical University (FJMU) within fortnight. The HEC had refused to certify the degrees as FJMC was not a constituent college of the F
Published 03 Oct, 2017 12:00am
Jamaat leader for release of water in branch canal

Jamaat leader for release of water in branch canal

Secretary General Jamaat-e-Islami Liaqat Baloch has called upon the Punjab Chief Minister Shahbaz Sharif and the provincial Irrigation authorities to release water in the Niazbeg branch canal as its closure was destroying rice crop over vast areas. He mad
Published 03 Oct, 2017 12:00am
Hafiz Saeed to sue Khawaja Asif after claim he drank White House wine

Hafiz Saeed to sue Khawaja Asif after claim he drank White House wine

Hafiz Saeed has threatened to sue foreign minister for suggesting he drank wine at the White House. Hafiz Saeed, designated a global terrorist by the US and who has a $10 million bounty on his head, accused foreign minister Khawaja Asif of "slander" accor
Published 03 Oct, 2017 12:00am
Ufone, Samsung launch handset bundle offer

Ufone, Samsung launch handset bundle offer

Ufone and Samsung have partnered to launch an exciting handset bundle offer for Samsung mid-range Smartphones for consumers. The latest bundle offer includes two Samsung Android Smartphones, the Galaxy J1 Mini Prime and the J1 Ace. Ufone is offering a fre
Published 03 Oct, 2017 12:00am
Peaceful Ashura observed in Karachi

Peaceful Ashura observed in Karachi

Tens of thousands of devotees on Sunday thronged the MA Jinnah Road to participate in the Ashura mourning procession to commemorate the martyrdoms of Hazrat Imam Hussain and his loyal companions who rendered matchless sacrifices at the Karbala for the gre
Published 03 Oct, 2017 12:00am
The rupee: falling trend
Currency

The rupee: falling trend

Slight decline was witnessed in the value of the rupee in terms of the dollar mainly because of rise in dollar demand, during the week, ended on September 29, 2017. According to some leading experts, the dollar improved against the rupee due to rising dem
Published 03 Oct, 2017 12:00am
Naval chief conferred 'King Abdul Aziz Medal of Excellence'

Naval chief conferred 'King Abdul Aziz Medal of Excellence'

Chief of the Naval Staff, Admiral Muhammad Zakaullah, is on an official visit to Kingdom of Saudi Arabia (KSA) on the invitation of Commander Royal Saudi Naval Forces, Vice Admiral Abdullah S Al-Sultan. During the visit, the Naval Chief was conferred with
Published 03 Oct, 2017 12:00am
Branchless banking accounts' phenomenal growth of 150.5 percent

Branchless banking accounts' phenomenal growth of 150.5 percent

Branchless Banking (BB) has witnessed a phenomenal growth during 2016-17, as the number of BB accounts increased from 10.9 million in 2015-16 to 27.3 million in 2016-17, registering a growth of 150.5 percent. Banking sources told Business Recorder
Published 03 Oct, 2017 12:00am
Equities depressed
Mutual Funds

Equities depressed

Pakistan Stock Exchange remained under pressure during the outgoing week ended September 29, 2017 due to prevailing political uncertainty in the country, analysts said. BRIndex100 lost 54.14 points on week-on-week basis to close at 4,614.56 points with av
Published 03 Oct, 2017 12:00am
Felons held with 123 kilogram hashish in two separate raids

Felons held with 123 kilogram hashish in two separate raids

Sindh Excise, Taxation and Narcotics department on Monday claimed to have arrested felons and recovered 123 kilogram hashish in two separate raids. According to details, the excise police while searching the passenger bus bearing no C-3585 coming from Pes
Published 03 Oct, 2017 12:00am
Federal government refuses to provide census data to Sindh

Federal government refuses to provide census data to Sindh

The federal government has refused to provide population census data to Sindh province. According to Statistics Chief, no such data could be provided to anyone without making amendments to the constitution. Addressing a press briefing here, Advisor on Sta
Published 03 Oct, 2017 12:00am
PML-N politician says reference hearings against Nawaz 'hijacked trial'

PML-N politician says reference hearings against Nawaz 'hijacked trial'

Former Information Minister Senator Pervez Rashid Monday termed the hearing of corruption references filed against former Prime Minister Nawaz Sharif 'a hijacked trial.' Talking to media persons outside the accountability court, Rashid said, "It is not an
Published 03 Oct, 2017 12:00am
Centre approves gas for SEZ in Khairpur: BoI head tells CM

Centre approves gas for SEZ in Khairpur: BoI head tells CM

The federal government has finally approved 3.5 mmcf gas for Special Economic Zone (SEZ) in Khairpur. The Chairman Board of Investment Miftah Ismail who called on Sindh Chief Minister Syed Murad Ali Shah at the CM House, here on Monday, told him that his
Published 03 Oct, 2017 12:00am
Growers advised to prepare irrigation plans

Growers advised to prepare irrigation plans

The Met Office alerted the farmers on Monday to sandstorm in Southern Punjab and upper Sindh, saying normal wind is likely to blow in the country's agriculture plains in the next 10 days. It also asked the farmers to chalk out irrigation plans for the sta
Published 03 Oct, 2017 12:00am
Iraqi Kurdistan referendum lacks 'legitimacy': FO

Iraqi Kurdistan referendum lacks 'legitimacy': FO

Pakistan on Monday expressed deep concerns over the Iraqi Kurdistan referendum, saying it lacks "legitimacy" and denounced the attempts aimed at threatening the territorial integrity of Iraq or any other country in the region. "Pakistan fully supports Ira
Published 03 Oct, 2017 12:00am
KP offers incentives to attract investment in oil & gas sector

KP offers incentives to attract investment in oil & gas sector

The provincial government of Khyber Pakhtunkhwa is offering attractive incentives to woo local and foreign investors for investment in the oil and gas sector of the province. Khyber Pakhtunkhwa is producing crude oil to the tune of 53,322 barrels per day
Published 03 Oct, 2017 12:00am
RCCI to approach FBR for speedy resolution of tax disputes

RCCI to approach FBR for speedy resolution of tax disputes

Rawalpindi Chamber of Commerce and Industry (RCCI) has decided to approach the Federal Board of Revenue (FBR) for speedy resolution of tax disputes between the tax department and taxpayers falling within the jurisdiction of Rawalpindi to improve tax compl
Published 03 Oct, 2017 12:00am
Youm-e-Ashur ends peacefully amid tight security in KP, Fata

Youm-e-Ashur ends peacefully amid tight security in KP, Fata

Youm-e-Ashur, the tenth of Muharram, was observed across the Khyber Pakhtunkhwa and Federally Administered Tribal Areas (Fata) with due solemnity to pay homage to supreme sacrifices rendered by Hazrat Imam Hussain (RA) and his companions in Karbala.
Published 03 Oct, 2017 12:00am
KKF money laundering case: FIA registers case against Altaf

KKF money laundering case: FIA registers case against Altaf

Federal Investigative Agency on Monday registered a case against Muttahida Qaumi Movement (MQM) founder on charges of money laundering. According to reports, the case has been filed at the department's state bank circle by former MQM member Sarfraz Mercha
Published 03 Oct, 2017 12:00am
Jamaat try to make country corruption-free: Siraj-ul-Haq

Jamaat try to make country corruption-free: Siraj-ul-Haq

Jamaat-e-Islami (JI) chief Siraj ul Haq on Monday said that the party's struggle to make the country a corruption-free state and would continue until the goal is achieved. Addressing a public gathering in the border town of Drosh, some 45-kilometres from
Published 03 Oct, 2017 12:00am
KP IGP thanks people for peaceful observance of Muharram

KP IGP thanks people for peaceful observance of Muharram

The Inspector General of Police, Khyber Pakhtunkhwa (IGP) Salahuddin Khan Mehsood has thanked every segment of the society for their help and coordination which led to peaceful observance of Muharram in the province. In a statement issued from the CPO her
Published 03 Oct, 2017 12:00am
Futures spread up by 147bps

Futures spread up by 147bps

The futures spread increased by 147bps to 5.71 percent on the last day of the trading week Friday. Trading activity on the futures counter improved as average daily volumes increased by 141.0 percent to 101.39 million shares. Average daily trading value o
Published 03 Oct, 2017 12:00am
Large quantity of heroin recovered from Nigerian passenger

Large quantity of heroin recovered from Nigerian passenger

Model Customs Collectorate (MCC), Preventive on Monday claimed to have recovered substantial quantity of heroin from Nigerian passenger and foiled an attempt to smuggle jewellery in separate incidents at Jinnah International Airport (JIAP). According to d
Published 03 Oct, 2017 12:00am
'Modern central lab to be established in Lahore'

'Modern central lab to be established in Lahore'

Secretary Specialized Healthcare and Medical Education, Najam Ahmed Shah has said that a state-of-the-art central lab would be established in Lahore for which services of international institutions would be hired and for this purpose international tenders
Published 03 Oct, 2017 12:00am
Collection of government taxes: SBP, FBR and 1-Link enter deal

Collection of government taxes: SBP, FBR and 1-Link enter deal

In order to facilitate the taxpayers and timely collection of taxes, the State Bank of Pakistan (SBP), the Federal Board of Revenue (FBR) and 1-Link have signed an agreement to develop a mechanism enabling public to pay FBR taxes and customs duty using in
Published 03 Oct, 2017 12:00am
CPEC: Chinese firms urged to buy local steel, not import it from China

CPEC: Chinese firms urged to buy local steel, not import it from China

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has said that the Chinese firms involved in the CPEC projects should prefer buying steel from the Pakistan's local market and avoid importing it from China because it will
Published 03 Oct, 2017 12:00am
Yakoob elected president of Lasbela CCI

Yakoob elected president of Lasbela CCI

Yakoob H Karim, Arshad Islam and Yasir Shafi have been elected unopposed as president, senior vice president and vice President, respectably, of Lasbela Chamber of Commerce & Industry for the year 2017-18. Earlier, Yakoob H. Karim , Yasir Shafi, Maqsood I
Published 03 Oct, 2017 12:00am
Seven held on power theft charges in Mardan

Seven held on power theft charges in Mardan

Peshawar Electric Supply Company (Pesco) in collaboration with police on Monday arrested seven power pilferers in different areas of City-2 Mardan and Toru sub divisions and registered FIRs against them. The PESCO teams and Police jointly checked various
Published 03 Oct, 2017 12:00am
We didn't requisition Rangers: ICT

We didn't requisition Rangers: ICT

The Islamabad Capital Territory (ICT) administration on Monday claimed that it didn't requisition the Rangers for deployment at Federal Judicial Complex on the occasion of former Prime Minister Nawaz Sharif's appearance before the Accountability Court.
Published 03 Oct, 2017 12:00am
NHA to generate Rs 24.8 billion revenue in 2017-2018

NHA to generate Rs 24.8 billion revenue in 2017-2018

The National Highways Authority (NHA) has projected to generate revenue of Rs 24.8 billion in 2017-18 while recommending annual maintenance plan (AMP 2017-18) amounting to Rs 27.263 billion, it is learnt. The Executive Board of the NHA approved the AMP 20
Published 03 Oct, 2017 12:00am
One killed, two injured in Swat blast

One killed, two injured in Swat blast

At least one person was killed and two members of the Village Defence Council critically injured when a remote-controlled bomb detonated in Swat's Malam Jabba area on Monday. SHO, Zaka Malam Jabba police station, Abdul Rahim told media that Nisar Khan was
Published 03 Oct, 2017 12:00am
PML-N's CGC endorses CWC amendments

PML-N's CGC endorses CWC amendments

The Central General Council (CGC) of ruling Pakistan Muslim League-Nawaz (PML-N) on Monday unanimously endorsed the Central Working Committee's (CWC) amendments in constitution of party which finally paved the way for the deposed party chief Nawaz Sharif
Published 03 Oct, 2017 12:00am
OPC helps vacate expat house

OPC helps vacate expat house

Overseas Pakistanis Commission (OPC) Punjab has got vacated a house belonging to an expatriate Pakistani, worth rupees 10 Million from the illegal occupant. Commissioner OPC Punjab, Afzaal Bhatti informed that Malik Zafar Iqbal of Berkshire, UK filed a co
Published 03 Oct, 2017 12:00am
Jurists say dishonest person cannot head political party

Jurists say dishonest person cannot head political party

Prominent jurists have expressed the view that a man who is disqualified for not being Sadiq and Ameen cannot head a political party under the Islamic laws. They were commenting on the decision on the PML-N's central working committee's decision to approv
Published 03 Oct, 2017 12:00am
PTI, MQM-P challenge bill aimed at 'reappointment of Nawaz'

PTI, MQM-P challenge bill aimed at 'reappointment of Nawaz'

Muttahida Qaumi Movement of Pakistan (MQM-P) and Pakistan Tehreek-e-Insaf (PTI) have challenged the new Election Bill, 2017 in the Sindh High Court (SHC) here on Monday. The Bill allows an ineligible person to be the head of a political party. Both the po
Published 03 Oct, 2017 12:00am
Walk at UAF to mark 15 years of HEC

Walk at UAF to mark 15 years of HEC

The Faculty of Veterinary Science (FVS) University of Agriculture Faisalabad (UAF) on Monday took out a rally to mark the Higher Education Commission (HEC) 15 years of Excellence. The walk commenced from FVS Building was concluded at Faculty of Agricultur
Published 03 Oct, 2017 12:00am
SC rejects Mushtaq Raisani's bail plea

SC rejects Mushtaq Raisani's bail plea

Supreme Court Monday rejected bail plea of Balochistan's former Finance Secretary Mushtaq Ahmed Raisani. Top anti-graft body had held Mushtaq Ahmed Raisani and two others for embezzling billion of rupees from local government funds for the financial year
Published 03 Oct, 2017 12:00am
Imran lambastes PML-N's approach on military and judiciary

Imran lambastes PML-N's approach on military and judiciary

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Monday lambasted the confrontational approach the ruling PML-N has adopted towards the military and the superior judiciary in wake of former Prime Minister Nawaz Sharif's disqualification in Panama Lea
Published 03 Oct, 2017 12:00am
The Weather

The Weather

The weather report on Monday (October 02, 2017) and the forecast for Tuesday (October 03, 2017).

Published 03 Oct, 2017 12:00am
'10.2 millions women at high risk of breast cancer'

'10.2 millions women at high risk of breast cancer'

To mark October as PINKtober the breast cancer awareness month, Pink Ribbon has launched a nationwide breast cancer awareness drive; and also started fundraising for building Pakistan's first dedicated Breast Cancer hospital. The campaign also includes re
Published 03 Oct, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 02, 2017).

Published 03 Oct, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 02, 2017).

Published 03 Oct, 2017 12:00am
'State of economy'

'State of economy'

This is apropos a Business Recorder editorial "State of economy". The editorial is incorrect in stating that the government is not serious in addressing the challenges.
Published 03 Oct, 2017 12:00am
Unleashing Pakistan as a digital powerhouse

Unleashing Pakistan as a digital powerhouse

Pakistan is at a critical juncture in its digital transformation. With a population of almost 200 million and a young demography, Pakistan has the potential to become a digital powerhouse. But for the country to realise this potential, the right enabling
Updated 09 Oct, 2017 10:05am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (October 02, 2017).

Published 03 Oct, 2017 12:00am
Will the real IK stand up?

Will the real IK stand up?

Janus faced doesn't quite describe him. Imran is no Roman deity looking to the future and to the past, even if his past is well known and his future uncertain. The expression Janus-faced has less savoury connotations as well but we would rather steer clea
Published 03 Oct, 2017 12:00am
External debt Sustainability
Exchange

External debt Sustainability

The combined borrowing from external sources by the government, public sector enterprises banks and the private sector reached the, more or less, unbelievable level of almost $16 billion in one year, 2016-17. Not so long ago, this used be the cumulative b
Published 03 Oct, 2017 12:00am
NSC meeting

NSC meeting

Commendably for him since coming to office Prime Minister Shahid Khaqan Abbasi has regularly been holding meetings of the National Security Committee (NSC), the right forum for the civil and military leadership to sort out any differences on issues of mut
Published 03 Oct, 2017 12:00am
MPS throws up no surprises
Exchange

MPS throws up no surprises

As anticipated by this newspaper, the Momentary Policy Committee (MPC) of the State Bank has again opted to keep the policy rate unchanged at 5.75 percent for the next two months. Justifying its stance, the SBP reiterated the point that "macroeconomic env
Published 03 Oct, 2017 12:00am
PSO clarification

PSO clarification

Apropos the news items that appeared in Business Recorder on 25th September 2017, Pakistan State Oil (PSO) would like to clarify the facts that the redacted version of Long Term Sales Purchase Agreement (SPA) executed with QatarGas under Government
Published 03 Oct, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (October 02, 2017)

Published 03 Oct, 2017 12:00am
PSO clarification

PSO clarification

Apropos the news items that appeared in Business Recorder on 25th September 2017, Pakistan State Oil (PSO) would like to clarify the facts that the redacted version of Long Term Sales Purchase Agreement (SPA) executed with QatarGas under Government
Published 03 Oct, 2017 12:00am
PSO clarification

PSO clarification

Apropos the news items that appeared in Business Recorder on 25th September 2017, Pakistan State Oil (PSO) would like to clarify the facts that the redacted version of Long Term Sales Purchase Agreement (SPA) executed with QatarGas under Government
Published 03 Oct, 2017 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (October 02, 2017).

Published 03 Oct, 2017 12:00am
US body clock geneticists take 2017 Nobel Medicine Prize

US body clock geneticists take 2017 Nobel Medicine Prize

US geneticists Jeffrey C. Hall, Michael Rosbash and Michael W. Young were awarded the Nobel Medicine Prize on Monday for shedding light on the biological clock that governs the sleep-wake cycles of most living things. The team's work revealed the role of
Published 03 Oct, 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 Monday (October 02, 2017).

Published 03 Oct, 2017 12:00am
US body clock geneticists take 2017 Nobel Medicine Prize

US body clock geneticists take 2017 Nobel Medicine Prize

US geneticists Jeffrey C. Hall, Michael Rosbash and Michael W. Young were awarded the Nobel Medicine Prize on Monday for shedding light on the biological clock that governs the sleep-wake cycles of most living things. The team's work revealed the role of
Published 03 Oct, 2017 12:00am
PML-N amends its Constitution

PML-N amends its Constitution

The ruling Pakistan Muslim League-Nawaz (PML-N) Monday amended party's constitution, allowing the deposed Prime Minister Nawaz Sharif to head the party again, following his disqualification by the Supreme Court in its July 28 Panama Papers case verdict.
Published 03 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 02, 2017).

Published 03 Oct, 2017 12:00am
PML-N amends its Constitution

PML-N amends its Constitution

The ruling Pakistan Muslim League-Nawaz (PML-N) Monday amended party's constitution, allowing the deposed Prime Minister Nawaz Sharif to head the party again, following his disqualification by the Supreme Court in its July 28 Panama Papers case verdict.
Published 03 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 02, 2017).

Published 03 Oct, 2017 12:00am
Pakistan, Afghanistan agree on framework
Exchange

Pakistan, Afghanistan agree on framework

Chief of Army Staff (CoAS), General Qamar Javed Bajwa has held one-on-one meeting with Afghan President Ashraf Ghani at Presidential Palace, Kabul. According to an Inter-Services Public Relations (ISPR) statement issued here on Monday, the meeting was fol
Published 03 Oct, 2017 12:00am
Pakistan, Afghanistan agree on framework
Exchange

Pakistan, Afghanistan agree on framework

Chief of Army Staff (CoAS), General Qamar Javed Bajwa has held one-on-one meeting with Afghan President Ashraf Ghani at Presidential Palace, Kabul. According to an Inter-Services Public Relations (ISPR) statement issued here on Monday, the meeting was fol
Published 03 Oct, 2017 12:00am
Accountability court proceedings: Dar moves IHC, seeks stay order

Accountability court proceedings: Dar moves IHC, seeks stay order

Federal Finance Minister Muhammad Ishaq Dar Monday moved Islamabad High Court's jurisdiction, seeking stay order against the proceedings of Accountability Court which indicted him for possessing assets beyond known sources of income.
Published 03 Oct, 2017 12:00am
THE RUPEE: rates slide
Currency

THE RUPEE: rates slide

A falling trend was seen on the money market on Monday as the rupee drifted lower versus the dollar in the process of trading, dealers said. The rupee shed one paisa in terms of the dollar for buying and selling at Rs 105.42 and Rs 105.44 respectively, th
Published 03 Oct, 2017 12:00am
Accountability court proceedings: Dar moves IHC, seeks stay order

Accountability court proceedings: Dar moves IHC, seeks stay order

Federal Finance Minister Muhammad Ishaq Dar Monday moved Islamabad High Court's jurisdiction, seeking stay order against the proceedings of Accountability Court which indicted him for possessing assets beyond known sources of income.
Published 03 Oct, 2017 12:00am
THE RUPEE: rates slide
Currency

THE RUPEE: rates slide

A falling trend was seen on the money market on Monday as the rupee drifted lower versus the dollar in the process of trading, dealers said. The rupee shed one paisa in terms of the dollar for buying and selling at Rs 105.42 and Rs 105.44 respectively, th
Published 03 Oct, 2017 12:00am
Informal sector: SECP proposes ''Awami Pension Scheme''
Exchange

Informal sector: SECP proposes ''Awami Pension Scheme''

The Securities and Exchange Commission of Pakistan (SECP) has proposed ''Awami Pension Scheme'' for all citizens living in informal sector to contribute up to Rs 20,000 per year by every individual to qualify for the government contribution of 10 percent
Published 03 Oct, 2017 12:00am
Informal sector: SECP proposes 'Awami Pension Scheme'
Exchange

Informal sector: SECP proposes 'Awami Pension Scheme'

The Securities and Exchange Commission of Pakistan (SECP) has proposed 'Awami Pension Scheme' for all citizens living in informal sector to contribute up to Rs 20,000 per year by every individual to qualify for the government contribution of 10 percent to
Published 03 Oct, 2017 12:00am
Informal sector: SECP proposes 'Awami Pension Scheme'
Exchange

Informal sector: SECP proposes 'Awami Pension Scheme'

The Securities and Exchange Commission of Pakistan (SECP) has proposed 'Awami Pension Scheme' for all citizens living in informal sector to contribute up to Rs 20,000 per year by every individual to qualify for the government contribution of 10 percent to
Published 03 Oct, 2017 12:00am
Saudi Arabia to launch investment firms for holy cities

Saudi Arabia to launch investment firms for holy cities

Saudi Arabia's Public Investment Fund on Monday announced plans to set up two investment companies to develop infrastructure in Makkah and Madina, Islam's two holiest cities. The state-run PIF announced the creation of Rou'a Al-Haram and Rou'a Al-Madinah
Published 03 Oct, 2017 12:00am
Saudi Arabia to launch investment firms for holy cities

Saudi Arabia to launch investment firms for holy cities

Saudi Arabia's Public Investment Fund on Monday announced plans to set up two investment companies to develop infrastructure in Makkah and Madina, Islam's two holiest cities. The state-run PIF announced the creation of Rou'a Al-Haram and Rou'a Al-Madinah
Published 03 Oct, 2017 12:00am
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