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Print - 2017-10-10
LHC seeks record

LHC seeks record

The Lahore High Court on Monday expressing displeasure over not submitting record of public sector companies and status of their heads sought the detailed report about the companies by October 18. Earlier, Chief Secretary Zahid Saeed appeared before the c
Published 10 Oct, 2017 12:00am
Government will implement all Fata reforms: Muqam

Government will implement all Fata reforms: Muqam

Advisor to Prime Minister on Political Affairs Engineer Amir Muqam announced on Monday that the government would implement all of the FATA reforms including merger with Khyber Pakhtunkhwa, repeal of Frontier Crimes Regulations (FCR) and extension of Pesha
Published 10 Oct, 2017 12:00am
Bus-motorbike crash leaves two dead in Karachi

Bus-motorbike crash leaves two dead in Karachi

Two people died when an over speeding passenger bus hit a motorcycle here on Monday. Rescue sources said a reckless driven passenger bus knocked down a motorcycle carrying two people near Saddar area of the metropolis. Both motorcycle riders died on the s
Published 10 Oct, 2017 12:00am
Sasta Bazar fire: Bahria Town distributes cheques among 512 affectees

Sasta Bazar fire: Bahria Town distributes cheques among 512 affectees

Bahria Town, as per its commitment, distributed cheques among 512 affectees of Islamabad fire incident, at a small but memorable ceremony held on Friday. The guest list included members of Bahria Town Islamabad's management and marketing teams, prominent
Published 10 Oct, 2017 12:00am
Gangster confesses killing security personnel, civilians

Gangster confesses killing security personnel, civilians

Infamous Lyari gang war leader Uzair Baloch on Monday made startling revelations in his confessional statement before a judicial magistrate in which he confessed killing security personnel and civilians. According to a private TV report, Baloch in the sta
Published 10 Oct, 2017 12:00am
Imported items: PCDMA chief against imposition of additional RD

Imported items: PCDMA chief against imposition of additional RD

Chairman of Pakistan Chemicals and Dyes Merchants Association (PCDMA), Arif Lakhani has urged Federal Commerce Minister and Chairman Federal Board of Revenue (FBR) not to impose any additional regulatory duty on imported items without consultation with al
Published 10 Oct, 2017 12:00am
Collective efforts vital to encouraging actions resilient to disasters

Collective efforts vital to encouraging actions resilient to disasters

International Disaster Day marked on 8th Oct, 2017 across the globe. Also in Pakistan, small discussions, seminars were held to attract attention of policy-makers, government institutions and CSOs to work together by encouraging disaster resilient plannin
Published 10 Oct, 2017 12:00am
NA body adopts NUOT Bill 2017 with amendments

NA body adopts NUOT Bill 2017 with amendments

The National Assembly's Standing Committee on Science and Technology Monday discussed the "The National University of Technology (NUOT) Bill, 2017" and unanimously recommended to the house to pass the bill with amendments. The committee, which met here wi
Published 10 Oct, 2017 12:00am
'No deal made in appointment of Nab chairman'

'No deal made in appointment of Nab chairman'

Leader of Opposition in National Assembly Syed Khursheed Ahmed Shah has said that no deal was made in the appointment of new chairman National Accountability Bureau (NAB). "There was no compromise on the selection of new NAB chairman. We should not make t
Published 10 Oct, 2017 12:00am
Dr Nimerta calls on SU VC

Dr Nimerta calls on SU VC

Lecturer of Institute of Microbiology, University of Sindh Dr Nimerta Kumari called on SU Vice-Chancellor Professor Dr Fateh Muhammad Burfat after returning home, completing her PhD from University of Tubingen, Germany. Dr Nimerta shared the details of he
Published 10 Oct, 2017 12:00am
Punjab governor summons PA session on October 16

Punjab governor summons PA session on October 16

Punjab Governor Malik Muhammad Rafique Rajwana has summoned Punjab Assembly session on October 16 via a notification issued here on Monday. The session will be held at 10 am. The session will continue for approximately more than 15 days to complete the 10
Published 10 Oct, 2017 12:00am
NAB repeal bill: Sindh government forms committee, SHC told

NAB repeal bill: Sindh government forms committee, SHC told

The Sindh High Court (SHC) on Monday was informed by the provincial government that it has formed a committee to review the repeal of the National Accountability Ordinance (NAO) 1999. The SHC bench headed by Chief Justice Ahmed Ali M Shaikh, was hearing a
Published 10 Oct, 2017 12:00am
NAB chief's appointment: PTI decides to adopt 'wait and see' policy

NAB chief's appointment: PTI decides to adopt 'wait and see' policy

Pakistan Tehreek-e-Insaf (PTI) on Monday decided to adopt 'wait and see' policy about the newly appointed chairman National Accountability Bureau (NAB), saying the party was not consulted at any stage by opposition leader and the Prime Minister while appo
Published 10 Oct, 2017 12:00am
PIA's post-Hajj operation concludes

PIA's post-Hajj operation concludes

PIA post-Hajj operation concluded successfully with an overall punctuality of 96 percent. PIA transported around 58,000 Hujjaj to Pakistan with on time arrival of flights. Chief Executive Officer PIA, Dr Musharraf Rasool Cyan congratulated the PIA Hajj te
Published 10 Oct, 2017 12:00am
Hasan Nawaz says he hasn't received NAB summons yet

Hasan Nawaz says he hasn't received NAB summons yet

Hasan Nawaz, son of ousted prime minister Nawaz Sharif and a respondent in the references filed by National Accountability Bureau (NAB) against the Sharif family, said on Monday that the court cannot declare him a 'proclaimed offender'. In a TV interview,
Published 10 Oct, 2017 12:00am
SHC restrains governor from appointment: LUMHS VC

SHC restrains governor from appointment: LUMHS VC

The Sindh High Court (SHC) on Monday restrained the governor from issuing a notification for appointment of Liaquat University of Medical and Health Sciences (LUMHS) vice chancellor and sought the details of all candidates for VC's post. While hearing the
Published 10 Oct, 2017 12:00am
Trade unions back demands of dockers of Madagascar, Indonesia

Trade unions back demands of dockers of Madagascar, Indonesia

The Alliance of Trade Unions of Transport Workers (ATUTW) Pakistan on Monday staged a demonstration outside the Karachi Press Club to express solidarity with the protesting dockers of container terminals in Madagascar and Indonesia.
Published 10 Oct, 2017 12:00am
Government's growing reliance on borrowing
Exchange

Government's growing reliance on borrowing

This PML-N government is good at only one thing: borrowing. According to a Business Recorder news item "Global capital market: Govt seeks loan to ward off pressures on forex reserves" carried by the newspaper on Sunday, the government wants to rais
Published 10 Oct, 2017 12:00am
The Weather

The Weather

The weather report on Monday (October 09, 2017) and the forecast for Tuesday (October 10, 2017).

Published 10 Oct, 2017 12:00am
From flying taxis to robocops, Dubai as a tech pioneer

From flying taxis to robocops, Dubai as a tech pioneer

From flying taxis to Batman-style surveillance motorcycles, Dubai's GITEX expo this week showcased innovations that were symbols of the city-state's ambitions to be a metropolis of the future. Known for its futuristic skyline and artificial islands, Gulf
Published 10 Oct, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 09, 2017).

Published 10 Oct, 2017 12:00am
As India's smaller firms struggle, Modi faces stimulus dilemma

As India's smaller firms struggle, Modi faces stimulus dilemma

India's festive season should be a time of celebration for textiles businessman Habib Ansari, who usually spends October counting a boom in profits from supplying retailers ahead of a month of peak shopping. This year, Ansari is grappling with losses, and
Published 10 Oct, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 09, 2017).

Published 10 Oct, 2017 12:00am
Outlook for growth
Cotton

Outlook for growth

Pakistan has moved into a period of uncertainty. On the one hand, there is political instability and the next few months could witness major unfolding events. On the other hand, there is some lack of clarity on the policy posture of the government, for ex
Published 10 Oct, 2017 12:00am
Carnage at a Balochistan shrine

Carnage at a Balochistan shrine

Terrorists have stuck again, this time in central Balochistan's Jhal Magsi district, killing 19 people on the spot and wounding another 30, two of whom later died in hospital raising the death toll to 21. A suicide bomber struck at the entrance to a shrin
Published 10 Oct, 2017 12:00am
Flawed US approach to OBOR
Currency

Flawed US approach to OBOR

That the China Pakistan Economic Corridor (CPEC) has already begun to accrue benefits to the Pakistani nation much before its full implementation is a welcome development. The outgoing Chinese ambassador to Pakistan, Sun Weidong, has given the good news t
Published 10 Oct, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (October 09, 2017).

Published 10 Oct, 2017 12:00am
Bangladesh arrests top leaders of JI

Bangladesh arrests top leaders of JI

Bangladesh police Monday night arrested the top leaders of the country's largest Islamist party, an official said, as the government appeared to have launched a crackdown on the main opposition parties. Nine people were arrested after a raid on a house in
Published 10 Oct, 2017 12:00am
Bangladesh arrests top leaders of JI

Bangladesh arrests top leaders of JI

Bangladesh police Monday night arrested the top leaders of the country's largest Islamist party, an official said, as the government appeared to have launched a crackdown on the main opposition parties. Nine people were arrested after a raid on a house in
Published 10 Oct, 2017 12:00am
Australian publisher to challenge record Rebel Wilson payout

Australian publisher to challenge record Rebel Wilson payout

A leading publisher said Monday it would appeal Australia''s largest defamation payout awarded to Hollywood actor Rebel Wilson as the "unprecedented" amount had major implications for the media industry. The "Pitch Perfect" star was awarded Aus$4.5 millio
Published 10 Oct, 2017 12:00am
Australian publisher to challenge record Rebel Wilson payout

Australian publisher to challenge record Rebel Wilson payout

A leading publisher said Monday it would appeal Australia's largest defamation payout awarded to Hollywood actor Rebel Wilson as the "unprecedented" amount had major implications for the media industry. The "Pitch Perfect" star was awarded Aus$4.5 million
Published 10 Oct, 2017 12:00am
Australian publisher to challenge record Rebel Wilson payout

Australian publisher to challenge record Rebel Wilson payout

A leading publisher said Monday it would appeal Australia's largest defamation payout awarded to Hollywood actor Rebel Wilson as the "unprecedented" amount had major implications for the media industry. The "Pitch Perfect" star was awarded Aus$4.5 million
Published 10 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 09, 2017)

Published 10 Oct, 2017 12:00am
Revised package a step in the right direction: APTMA

Revised package a step in the right direction: APTMA

All Pakistan Textile Mills Association (APTMA) management has termed the revised export package by the government a step in the right direction to overcome national trade deficit. The management has appreciated the initiative and concerted efforts of Prim
Published 10 Oct, 2017 12:00am
Revised package a step in the right direction: APTMA

Revised package a step in the right direction: APTMA

All Pakistan Textile Mills Association (APTMA) management has termed the revised export package by the government a step in the right direction to overcome national trade deficit. The management has appreciated the initiative and concerted efforts of Prim
Published 10 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 09, 2017).

Published 10 Oct, 2017 12:00am
Revised package a step in the right direction: APTMA

Revised package a step in the right direction: APTMA

All Pakistan Textile Mills Association (APTMA) management has termed the revised export package by the government a step in the right direction to overcome national trade deficit. The management has appreciated the initiative and concerted efforts of Prim
Published 10 Oct, 2017 12:00am
Tax on supply of SIM cards: LHC delivers judgement

Tax on supply of SIM cards: LHC delivers judgement

Declaring serial No 1 of the Ninth Schedule of Sales Tax Act 1990 (relating to SIM card) as ultra vires on Monday, the Lahore High Court held that the petitioners are not liable to charge, collect and pay sales tax on the supply of SIM cards to its custom
Published 10 Oct, 2017 12:00am
Tax on supply of SIM cards: LHC delivers judgement

Tax on supply of SIM cards: LHC delivers judgement

Declaring serial No 1 of the Ninth Schedule of Sales Tax Act 1990 (relating to SIM card) as ultra vires on Monday, the Lahore High Court held that the petitioners are not liable to charge, collect and pay sales tax on the supply of SIM cards to its custom
Published 10 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 09, 2017).

Published 10 Oct, 2017 12:00am
Tax on supply of SIM cards: LHC delivers judgement

Tax on supply of SIM cards: LHC delivers judgement

Declaring serial No 1 of the Ninth Schedule of Sales Tax Act 1990 (relating to SIM card) as ultra vires on Monday, the Lahore High Court held that the petitioners are not liable to charge, collect and pay sales tax on the supply of SIM cards to its custom
Published 10 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 09, 2017).

Published 10 Oct, 2017 12:00am
Tax on supply of SIM cards: LHC delivers judgement

Tax on supply of SIM cards: LHC delivers judgement

Declaring serial No 1 of the Ninth Schedule of Sales Tax Act 1990 (relating to SIM card) as ultra vires on Monday, the Lahore High Court held that the petitioners are not liable to charge, collect and pay sales tax on the supply of SIM cards to its custom
Published 10 Oct, 2017 12:00am
Government probing fake IB letter, PM tells NA

Government probing fake IB letter, PM tells NA

Prime Minister Shahid Khaqan Abbasi on Monday said the Intelligence Bureau (IB) letter linking 37 parliamentarians to proscribed outfits is forged and the government is investigating the matter to ascertain the facts behind the fake document.
Published 10 Oct, 2017 12:00am
Government probing fake IB letter, PM tells NA

Government probing fake IB letter, PM tells NA

Prime Minister Shahid Khaqan Abbasi on Monday said the Intelligence Bureau (IB) letter linking 37 parliamentarians to proscribed outfits is forged and the government is investigating the matter to ascertain the facts behind the fake document.
Published 10 Oct, 2017 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee failed to sustain week-end levels against the dollar on the money market on Monday in the process of trading, dealers said. The rupee was almost unchanged against the dollar for buying and selling at Rs 105.42 and Rs 105.43 respectively, they sa
Published 10 Oct, 2017 12:00am
Zardari steps up criticism of Nawaz

Zardari steps up criticism of Nawaz

President of PPP Parliamentarians Asif Ali Zardari has said the former prime minister Nawaz Sharif has indulged in open confrontation with institutions. In an interview with Asma Shirazi, an anchorperson and the host of Aaj News political talk show Faisal
Published 10 Oct, 2017 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee failed to sustain week-end levels against the dollar on the money market on Monday in the process of trading, dealers said. The rupee was almost unchanged against the dollar for buying and selling at Rs 105.42 and Rs 105.43 respectively, they sa
Published 10 Oct, 2017 12:00am
Zardari steps up criticism of Nawaz

Zardari steps up criticism of Nawaz

President of PPP Parliamentarians Asif Ali Zardari has said the former prime minister Nawaz Sharif has indulged in open confrontation with institutions. In an interview with Asma Shirazi, an anchorperson and the host of Aaj News political talk show Faisal
Published 10 Oct, 2017 12:00am
Indian forces kill alleged JeM leader

Indian forces kill alleged JeM leader

Indian forces said they shot dead a top leader of the alleged group Jaish-e-Mohammad in a clash on Monday. The Pakistani national known only as Khalid was trapped in a house after throwing a grenade at a police checkpoint in the northern village of Ladoor
Published 10 Oct, 2017 12:00am
Indian forces kill alleged JeM leader

Indian forces kill alleged JeM leader

Indian forces said they shot dead a top leader of the alleged group Jaish-e-Mohammad in a clash on Monday. The Pakistani national known only as Khalid was trapped in a house after throwing a grenade at a police checkpoint in the northern village of Ladoor
Published 10 Oct, 2017 12:00am
Personalised banknotes for Schaeuble''s farewell party

Personalised banknotes for Schaeuble''s farewell party

Eurozone finance ministers deluged German Finance Minister Wolfgang Schaeuble with farewell gifts on Monday as the man who inspired Europe''s austerity answer to the debt crisis attended his last meeting with them. Schaeuble received a blue and gold EU fl
Published 10 Oct, 2017 12:00am
Personalised banknotes for Schaeuble's farewell party

Personalised banknotes for Schaeuble's farewell party

Eurozone finance ministers deluged German Finance Minister Wolfgang Schaeuble with farewell gifts on Monday as the man who inspired Europe's austerity answer to the debt crisis attended his last meeting with them. Schaeuble received a blue and gold EU fla
Published 10 Oct, 2017 12:00am
Personalised banknotes for Schaeuble's farewell party

Personalised banknotes for Schaeuble's farewell party

Eurozone finance ministers deluged German Finance Minister Wolfgang Schaeuble with farewell gifts on Monday as the man who inspired Europe's austerity answer to the debt crisis attended his last meeting with them. Schaeuble received a blue and gold EU fla
Published 10 Oct, 2017 12:00am
Appointment of VCs: HEC's plea for right to file appeal allowed

Appointment of VCs: HEC's plea for right to file appeal allowed

Accepting the plea of Higher Education Commission for right to file appeal against Lahore High Court verdict that authorized provinces to appoint vice chancellors in public sector universities, the Supreme Court Monday issued notices to attorney general f
Published 10 Oct, 2017 12:00am
Appointment of VCs: HEC's plea for right to file appeal allowed

Appointment of VCs: HEC's plea for right to file appeal allowed

Accepting the plea of Higher Education Commission for right to file appeal against Lahore High Court verdict that authorized provinces to appoint vice chancellors in public sector universities, the Supreme Court Monday issued notices to attorney general f
Published 10 Oct, 2017 12:00am
SJC takes up reference against LHC judge

SJC takes up reference against LHC judge

Supreme Judicial Council on Monday took up the reference filed against a sitting judge of Lahore High Court, Justice Muhammad Farrukh Irfan Khan, on Monday. Sources revealed that during the proceedings of the Supreme Judicial Council led by Chief Justice
Published 10 Oct, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 10 Oct, 2017 12:00am
SJC takes up reference against LHC judge

SJC takes up reference against LHC judge

Supreme Judicial Council on Monday took up the reference filed against a sitting judge of Lahore High Court, Justice Muhammad Farrukh Irfan Khan, on Monday. Sources revealed that during the proceedings of the Supreme Judicial Council led by Chief Justice
Published 10 Oct, 2017 12:00am
Five dead in Quetta sectarian attack

Five dead in Quetta sectarian attack

Gunmen Monday killed five people including three Shias in the latest sectarian attack on the religious minority in Quetta, police said. Two men on a motorbike attacked a vehicle carrying four Shia vegetable sellers as it left the provincial capital Quetta
Published 10 Oct, 2017 12:00am
Five dead in Quetta sectarian attack

Five dead in Quetta sectarian attack

Gunmen Monday killed five people including three Shias in the latest sectarian attack on the religious minority in Quetta, police said. Two men on a motorbike attacked a vehicle carrying four Shia vegetable sellers as it left the provincial capital Quetta
Published 10 Oct, 2017 12:00am
SBP extends subsidy on export of wheat up to October 30

SBP extends subsidy on export of wheat up to October 30

Following the directives of the federal government, State Bank of Pakistan (SBP) has announced to extend the subsidy on export of wheat and its products up to October 30, 2017. According to SBP, in term of the Ministry of National Food Security and Resear
Published 10 Oct, 2017 12:00am
SBP extends subsidy on export of wheat up to October 30

SBP extends subsidy on export of wheat up to October 30

Following the directives of the federal government, State Bank of Pakistan (SBP) has announced to extend the subsidy on export of wheat and its products up to October 30, 2017. According to SBP, in term of the Ministry of National Food Security and Resear
Published 10 Oct, 2017 12:00am
SBP extends subsidy on export of wheat up to October 30

SBP extends subsidy on export of wheat up to October 30

Following the directives of the federal government, State Bank of Pakistan (SBP) has announced to extend the subsidy on export of wheat and its products up to October 30, 2017. According to SBP, in term of the Ministry of National Food Security and Resear
Published 10 Oct, 2017 12:00am
Deregulation of HSD may be notified today

Deregulation of HSD may be notified today

The government is likely to issue a notification on Tuesday (today) regarding deregulation of high speed diesel (HSD) price after seeking its approval from the federal Cabinet, which is scheduled to meet Tuesday under the chairmanship of Prime Minister Sh
Published 10 Oct, 2017 12:00am
Deregulation of HSD may be notified today

Deregulation of HSD may be notified today

The government is likely to issue a notification on Tuesday (today) regarding deregulation of high speed diesel (HSD) price after seeking its approval from the federal Cabinet, which is scheduled to meet Tuesday under the chairmanship of Prime Minister Sh
Published 10 Oct, 2017 12:00am
Deregulation of HSD may be notified today

Deregulation of HSD may be notified today

The government is likely to issue a notification on Tuesday (today) regarding deregulation of high speed diesel (HSD) price after seeking its approval from the federal Cabinet, which is scheduled to meet Tuesday under the chairmanship of Prime Minister Sh
Published 10 Oct, 2017 12:00am
First quarter fiscal deficit restricted to 0.9 percent: government

First quarter fiscal deficit restricted to 0.9 percent: government

The government claimed on Monday that fiscal deficit has been restricted to 0.9 percent during the first quarter of the current fiscal year despite higher development spending. A senior official of Finance Ministry, who attended the meeting on fiscal oper
Published 10 Oct, 2017 12:00am
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