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Print - 2017-10-31
NACTA submits draft of national narrative to government

NACTA submits draft of national narrative to government

National Counter Terrorism Authority (NACTA) has finalized the draft of national narrative to counter extremism and submitted it before the government for final approval. Talking to the reporters after closing ceremony of four days long ceremony on 'Train
Published 31 Oct, 2017 12:00am
Lucky Cement reports Rs 3.02 billion net profit

Lucky Cement reports Rs 3.02 billion net profit

Lucky Cement Limited reported net profit of Rs 3.02 billion for the first quarter ended September 30, 2017 which is 6.8 percent lower as compared to the same period last year. Consequently, the earnings per share (EPS) for the quarter was recorded at Rs 9
Published 31 Oct, 2017 12:00am
Lucky Cement reports Rs 3.02 billion net profit

Lucky Cement reports Rs 3.02 billion net profit

Lucky Cement Limited reported net profit of Rs 3.02 billion for the first quarter ended September 30, 2017 which is 6.8 percent lower as compared to the same period last year. Consequently, the earnings per share (EPS) for the quarter was recorded at Rs 9
Published 31 Oct, 2017 12:00am
Sattar, Waseem get non-bailable arrest warrants

Sattar, Waseem get non-bailable arrest warrants

A City Court issues non-bailable warrants of arrest of 12 nominated suspects including MQM-Pakistan chief Farooq Sattar, Mayor Karachi and party leaders Waseem Akhtar and Khalid Maqbool Siddiqui. They are in connection with a case pertaining to a protest
Published 31 Oct, 2017 12:00am
AWT Investments launches saving plans for families
Mutual Funds

AWT Investments launches saving plans for families

Army Welfare Trust (AWT) Investments unveiled their new products of investment saving plans at a ceremony held at DHA Golf Club Karachi. Corps Commander Karachi Lieutenant General Shahid Baig Mirza honoured the occasion as the Chief Guest. Managing Direct
Published 31 Oct, 2017 12:00am
Digital ways in farming: farmers to be provided with smart phones

Digital ways in farming: farmers to be provided with smart phones

The agriculture department in collaboration with Agriculture Delivery Unit (ADU) arranged a seminar on 'Digital Day' to understand the use of digital communication technology for betterment of the agriculture sector. Silwat Saeed, Special Secretary for Ag
Published 31 Oct, 2017 12:00am
July-September import of textile machinery surges by 27 percent

July-September import of textile machinery surges by 27 percent

Pakistan's import of textile machinery surged by 27 percent to $146.384 million in July-September of this fiscal year, official figures say. Increase in textile machinery import now stands at $30.69 million in July-September of this fiscal year from $115.
Published 31 Oct, 2017 12:00am
Banned outfit's member among 10 arrested by Rangers

Banned outfit's member among 10 arrested by Rangers

Pakistan Rangers (Sindh) on Monday said to have arrested 10 accused of criminal activities including a member of banned organization Sipah-e-Sahaba, in raids conducted in various parts of this metropolis. In a statement, a spokesman for Pakistan Rangers (
Published 31 Oct, 2017 12:00am
Illegal recruitments: accountability court indicts former Sindh IGP, AIG

Illegal recruitments: accountability court indicts former Sindh IGP, AIG

An accountability court on Monday indicted eight suspects including former Sindh Inspector General of Police (IGP) Ghulam Haider Jamali and former Assistant Inspector General of Police (Finance) Syed Fida Hussain Shah in reference pertaining to illegal re
Published 31 Oct, 2017 12:00am
JI leader slams PML-N meeting in London

JI leader slams PML-N meeting in London

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has said that the gathering of the PML-N leadership in London proved that the party ruling in the centre and the Punjab was unable to take its decisions within the country. In a statement here, he said th
Published 31 Oct, 2017 12:00am
CPHGC, consortium of banks sign $1.5 billion foreign financing deal

CPHGC, consortium of banks sign $1.5 billion foreign financing deal

China Power Hub Generation Company Pvt Ltd (CPHGC) and a consortium of banks, led by China Development Bank and the Export & Import Bank of China have signed financing documents including the main foreign loan facility agreement in the Chinese city of Che
Published 31 Oct, 2017 12:00am
Off-season vegetables: Punjab introduces tunnel technology for farmers

Off-season vegetables: Punjab introduces tunnel technology for farmers

The Punjab government has opened a scheme for the farming community to facilitate them to develop farms with tunnel technology at almost half the actual cost. Exactly 3,000 acre area would be brought under cultivation with tunnel technology and the govern
Published 31 Oct, 2017 12:00am
Qandeel Baloch murder case: physical remand of Mufti Qavi extended

Qandeel Baloch murder case: physical remand of Mufti Qavi extended

Police got another two-day physical remand of Mufti Abdul Qavi in social media celebrity Qandeel Baloch murder case, on Monday. According to the prosecution, the police presented the accused before Magistrate Muhammad Pervez Khan after expiry of four-day
Published 31 Oct, 2017 12:00am
PTI MPA demands probe into corruption scandal of 56 companies

PTI MPA demands probe into corruption scandal of 56 companies

Pakistan Tehreek-e-Insaf MPA Arif Abbasi on Monday demanded that the government should constitute a committee under the chair of leader of opposition in Punjab Assembly to probe the corruption scandal worth Rs 80 billion in 56 companies of Punjab. He was
Published 31 Oct, 2017 12:00am
18 judges promoted

18 judges promoted

The Lahore High Court on Monday promoted 18 additional district & sessions judges (AD&SJ) to the rank of district & sessions judge (D&SJ) while posted seven others as Officers on Special Duty (OSD). The promoted judges include Naeem Ahmad Virk, Asad Ali,
Published 31 Oct, 2017 12:00am
P@SHA announces 14th Annual ICT Awards 2016

P@SHA announces 14th Annual ICT Awards 2016

The Pakistan Software Houses Association for IT & ITES (P@SHA) has announced its 14th annual ICT Awards 2016 bringing together the stars of Pakistan's technology sector on a common platform to celebrate innovation and excellence. The annual event recogniz
Published 31 Oct, 2017 12:00am
President honours naval chief with Nishan-e-Imtiaz (M)

President honours naval chief with Nishan-e-Imtiaz (M)

The President of Pakistan has conferred upon Chief of the Naval Staff Admiral Zafar Mahmood Abbasi, Nishan-e-Imtiaz (Military); one of the highest Military honors of the country, during an impressive ceremony held at Aiwan-e-Sadr Islamabad today.
Published 31 Oct, 2017 12:00am
Karwan-e-Khatam-e-Nabuwat: sit-in continues on fifth day in Islamabad

Karwan-e-Khatam-e-Nabuwat: sit-in continues on fifth day in Islamabad

Despite series of talks between the Islamabad Capital Territory (ICT) administration and the participants of Karwan-e-Khatam-e-Nabuwat, the sit-in continued on the fifth consecutive day in the federal capital on Monday. The Karwan-e-Khatam-e-Nabuwat rally
Published 31 Oct, 2017 12:00am
IRSA to review water situation for Rabi season tomorrow

IRSA to review water situation for Rabi season tomorrow

Indus River System Authority (Irsa) has convened an emergency meeting of IRSA Advisory Committee on 1st November 2017 to review the water situation in the country for Rabi season 2017. To be presided over by Chairman Irsa, the meeting will be attended by
Published 31 Oct, 2017 12:00am
Umrah aspirants urged to deal with only registered companies

Umrah aspirants urged to deal with only registered companies

The Ministry of Religious Affairs and Interfaith Harmony has asked the intending Umrah aspirants to make a deal with only registered Umrah companies. Talking to APP, he said the list of authorized Umrah companies was available at ministry's website.
Published 31 Oct, 2017 12:00am
FO confirms killing of two Chinese in Balochistan

FO confirms killing of two Chinese in Balochistan

Foreign Office on Monday confirmed the killing of two Chinese nationals in Balochistan after their abduction from Quetta in May 2017 and also reiterated Pakistan's commitment to work with China and the international community to enhance counterterrorism c
Published 31 Oct, 2017 12:00am
PIA, attack on journalist: PPP submits calling-attention notice in NA

PIA, attack on journalist: PPP submits calling-attention notice in NA

Pakistan Peoples Party (PPP) has submitted a calling attention notice in the National Assembly Secretariat regarding federal government's decision to shut Pakistan International Airlines (PIA) flight operations to the US from January 1, 2018. The PPP also
Published 31 Oct, 2017 12:00am
Parliament will not tolerate curbs on the media: Rabbani

Parliament will not tolerate curbs on the media: Rabbani

Chairman Senate Raza Rabbani on Monday said that attack on journalists is an attack on the freedom of expression, saying the Parliament would not tolerate any curbs on the media. In an unprecedented move to express solidarity with the journalist community
Published 31 Oct, 2017 12:00am
Pakistan suffers massively due to Afghan instability says envoy to US

Pakistan suffers massively due to Afghan instability says envoy to US

Pakistani American Political Action Committee (PAKPAC) organized a ceremony in New York on Sunday which was attended by Pakistan Ambassador to the United States Aizaz Ahmad Chaudhry and US congressman Andre Carson and large number of Pakistanis living in
Published 31 Oct, 2017 12:00am
Supreme Court urged to declare amended election law void

Supreme Court urged to declare amended election law void

President National Party Wahdat Ayub Malik on Monday urged the Supreme Court to declare recently amended election law void. Challenging Sections 202(2), 61 (1)&(4), and 132(3)(b)&(c) of the Elections Act, 2017 under Article 184 (3) of the Constitution, Ma
Published 31 Oct, 2017 12:00am
Government urged not to increase fuel prices

Government urged not to increase fuel prices

The Pakistan Industrial and Traders Association Front (PIAF) have asked the government not to increase prices of petroleum products for the month of November as it would push the production cost up. PIAF Chairman Irfan Iqbal Sheikh in a statement on Monda
Published 31 Oct, 2017 12:00am
Targets are achievable

Targets are achievable

This is apropos a recently published article, "Outlook for public finances" by Dr Hafiz A Pasha who has commented on the fiscal performance of 1Q 2017-18 as well as fiscal position for entire financial year 2017-18. Commenting on the whole fiscal year 201
Published 31 Oct, 2017 12:00am
The Muslim world in numbers

The Muslim world in numbers

I always trust numbers. Spin doctors aside. To see where the Muslim world stands today, it is advisable to look at the statistics. Numbers don't lie. Numbers are not emotional or passionate. They are cold, calculated. Data sources can be unreliable or doc
Published 31 Oct, 2017 12:00am
Study now, pay later: the rise of income sharing
Exchange

Study now, pay later: the rise of income sharing

Immaculate in a grey woollen suit, 26-year-old Christopher Linares settles into a chair in his office near Buckingham Palace. The grand setting feels a long way from his Peruvian home - and that's not all that has changed. Linares works as an investment a
Published 31 Oct, 2017 12:00am
The middle class of Pakistan

The middle class of Pakistan

The middle class has generally been defined as the class of people who are between the 'upper' class and the 'working' class, on the basis generally of income or expenditure. These people are sometimes referred to also as the 'bourgeoisie' and possess eit
Published 31 Oct, 2017 12:00am
Challenges to media freedom

Challenges to media freedom

Arguably, a free and responsible media's presence is necessary for the stability of democratic standards in a democratic polity, while press freedom itself is a vital part of a democratic society and reflection of social, cultural and ethnic diversities.
Published 31 Oct, 2017 12:00am
Uniform energy rates

Uniform energy rates

It was extremely disturbing to hear Asad Umar, Chairman of the Standing Committee on Industry and Production, as well as a prominent Pakistan Tehreek-e-Insaf (PTI) leader, who is often been cited as a man with a successful business management experience,
Published 31 Oct, 2017 12:00am
Aviation Division asked to formulate PIA debt retirement plan

Aviation Division asked to formulate PIA debt retirement plan

Ministry of Finance has directed Aviation Division to formulate a comprehensive debt retirement plan on long term basis for Pakistan International Airlines (PIA) rather than seeking more loans to pay off existing debts, since continuous borrowing is not o
Published 31 Oct, 2017 12:00am
Aviation Division asked to formulate PIA debt retirement plan

Aviation Division asked to formulate PIA debt retirement plan

Ministry of Finance has directed Aviation Division to formulate a comprehensive debt retirement plan on long term basis for Pakistan International Airlines (PIA) rather than seeking more loans to pay off existing debts, since continuous borrowing is not o
Published 31 Oct, 2017 12:00am
Aviation Division asked to formulate PIA debt retirement plan

Aviation Division asked to formulate PIA debt retirement plan

Ministry of Finance has directed Aviation Division to formulate a comprehensive debt retirement plan on long term basis for Pakistan International Airlines (PIA) rather than seeking more loans to pay off existing debts, since continuous borrowing is not o
Published 31 Oct, 2017 12:00am
CPEC to help Pakistan combat poverty, says Chinese official

CPEC to help Pakistan combat poverty, says Chinese official

The China-Pakistan Economic Corridor (CPEC) will prove a vital element in Pakistan''s efforts towards combating poverty as the projects such as power generation and construction of roads and highways will create significant new economic opportunities for
Published 31 Oct, 2017 12:00am
CPEC to help Pakistan combat poverty, says Chinese official

CPEC to help Pakistan combat poverty, says Chinese official

The China-Pakistan Economic Corridor (CPEC) will prove a vital element in Pakistan's efforts towards combating poverty as the projects such as power generation and construction of roads and highways will create significant new economic opportunities for t
Published 31 Oct, 2017 12:00am
CPEC to help Pakistan combat poverty, says Chinese official

CPEC to help Pakistan combat poverty, says Chinese official

The China-Pakistan Economic Corridor (CPEC) will prove a vital element in Pakistan's efforts towards combating poverty as the projects such as power generation and construction of roads and highways will create significant new economic opportunities for t
Published 31 Oct, 2017 12:00am
Tax evasion: FBR wing conducts raid on NTS

Tax evasion: FBR wing conducts raid on NTS

The Directorate General of Intelligence and Investigation Inland Revenue (IR) has conducted raid on National Testing Service (NTS) on charges of massive evasion of income as well as sales tax.
Published 31 Oct, 2017 12:00am
Tax evasion: FBR wing conducts raid on NTS

Tax evasion: FBR wing conducts raid on NTS

The Directorate General of Intelligence and Investigation Inland Revenue (IR) has conducted raid on National Testing Service (NTS) on charges of massive evasion of income as well as sales tax.
Published 31 Oct, 2017 12:00am
Tax evasion: FBR wing conducts raid on NTS

Tax evasion: FBR wing conducts raid on NTS

The Directorate General of Intelligence and Investigation Inland Revenue (IR) has conducted raid on National Testing Service (NTS) on charges of massive evasion of income as well as sales tax.
Published 31 Oct, 2017 12:00am
PALPA mulling moving Senate, NA

PALPA mulling moving Senate, NA

Pakistan Airline Pilots'' Association (PALPA) is planning to approach the Senate and the standing committees of National Assembly in order to brief over disastrous impact of shrinking of network by Pakistan International Airlines (PIA).
Published 31 Oct, 2017 12:00am
PALPA mulling moving Senate, NA

PALPA mulling moving Senate, NA

Pakistan Airline Pilots' Association (PALPA) is planning to approach the Senate and the standing committees of National Assembly in order to brief over disastrous impact of shrinking of network by Pakistan International Airlines (PIA).
Published 31 Oct, 2017 12:00am
The Weather

The Weather

The weather report on Monday (October 30, 2017) and the forecast for Tuesday (October 31, 2017).

Published 31 Oct, 2017 12:00am
PALPA mulling moving Senate, NA

PALPA mulling moving Senate, NA

Pakistan Airline Pilots' Association (PALPA) is planning to approach the Senate and the standing committees of National Assembly in order to brief over disastrous impact of shrinking of network by Pakistan International Airlines (PIA).
Published 31 Oct, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 30, 2017).

Published 31 Oct, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 30, 2017).

Published 31 Oct, 2017 12:00am
Six Palestinians killed as Israel destroys Gaza tunnel

Six Palestinians killed as Israel destroys Gaza tunnel

Six Palestinian militants were killed on Monday when Israel blew up what it said was a tunnel being dug across the Gaza Strip border. A source for the Islamic Jihad militant group said Arafat Abu Marshould, head of the faction's armed wing in central Gaza
Published 31 Oct, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (October 30, 2017).

Published 31 Oct, 2017 12:00am
Six Palestinians killed as Israel destroys Gaza tunnel

Six Palestinians killed as Israel destroys Gaza tunnel

Six Palestinian militants were killed on Monday when Israel blew up what it said was a tunnel being dug across the Gaza Strip border. A source for the Islamic Jihad militant group said Arafat Abu Marshould, head of the faction's armed wing in central Gaza
Published 31 Oct, 2017 12:00am
Malfunctioning of IRIS system hits e-filing

Malfunctioning of IRIS system hits e-filing

Taxpayers and tax consultants are reportedly facing immense difficulties in e-filing of income tax returns and statements, due to malfunctioning of IRIS system. According to details, IRIS system has not been working properly since Monday morning, putting
Published 31 Oct, 2017 12:00am
Malfunctioning of IRIS system hits e-filing

Malfunctioning of IRIS system hits e-filing

Taxpayers and tax consultants are reportedly facing immense difficulties in e-filing of income tax returns and statements, due to malfunctioning of IRIS system. According to details, IRIS system has not been working properly since Monday morning, putting
Published 31 Oct, 2017 12:00am
Malfunctioning of IRIS system hits e-filing

Malfunctioning of IRIS system hits e-filing

Taxpayers and tax consultants are reportedly facing immense difficulties in e-filing of income tax returns and statements, due to malfunctioning of IRIS system. According to details, IRIS system has not been working properly since Monday morning, putting
Published 31 Oct, 2017 12:00am
China crowns Xi with name once reserved for Mao Zedong

China crowns Xi with name once reserved for Mao Zedong

China's ruling Communist Party has dusted off a Mao-era honorific for President Xi Jinping, cementing his status as the most powerful ruler since the Great Helmsman himself. The term "lingxiu" has more reverential and spiritual connotations than the ordin
Published 31 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 30, 2017)

Published 31 Oct, 2017 12:00am
China crowns Xi with name once reserved for Mao Zedong

China crowns Xi with name once reserved for Mao Zedong

China's ruling Communist Party has dusted off a Mao-era honorific for President Xi Jinping, cementing his status as the most powerful ruler since the Great Helmsman himself. The term "lingxiu" has more reverential and spiritual connotations than the ordin
Published 31 Oct, 2017 12:00am
Hidden hands trying to reverse democratic process: Ahsan

Hidden hands trying to reverse democratic process: Ahsan

Some hidden hands and inertia of history are trying to drift the democratic process into the same old design, stated Interior Minister Ahsan Iqbal in a social media post on Monday morning. Sharing a timeline of the country's in-turn stints with a democrat
Published 31 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 30, 2017).

Published 31 Oct, 2017 12:00am
Hidden hands trying to reverse democratic process: Ahsan

Hidden hands trying to reverse democratic process: Ahsan

Some hidden hands and inertia of history are trying to drift the democratic process into the same old design, stated Interior Minister Ahsan Iqbal in a social media post on Monday morning. Sharing a timeline of the country's in-turn stints with a democrat
Published 31 Oct, 2017 12:00am
Removal of incumbent IGP: Sindh government challenges SHC verdict

Removal of incumbent IGP: Sindh government challenges SHC verdict

The government of Sindh Monday challenged Sindh High Court verdict which ruled that provincial government cannot remove incumbent Inspector General of Police Allah Dino Khawaja from the slot without any justification. Announcing its short order in respons
Published 31 Oct, 2017 12:00am
Removal of incumbent IGP: Sindh government challenges SHC verdict

Removal of incumbent IGP: Sindh government challenges SHC verdict

The government of Sindh Monday challenged Sindh High Court verdict which ruled that provincial government cannot remove incumbent Inspector General of Police Allah Dino Khawaja from the slot without any justification. Announcing its short order in respons
Published 31 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 30, 2017).

Published 31 Oct, 2017 12:00am
Heat wave likely to prolong for two more days

Heat wave likely to prolong for two more days

: Heat wave is expected to prolong for two more days until November 1 in the metropolis with temperature rising to 38 degrees Celsius, the Met Office said on Monday. Despite a partly cloudy weather on Tuesday and Wednesday (October 31 and November 1), the
Published 31 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 30, 2017).

Published 31 Oct, 2017 12:00am
Ogra recommends increase in POL prices

Ogra recommends increase in POL prices

Oil and Gas Regulatory Authority (Ogra) has recommended the government to increase price of motor spirit (petrol) by Rs 2.49 per liter and high speed diesel (HSD) by Rs 5.19 per liter for November 2017. In monthly review for November, the Ogra also propos
Published 31 Oct, 2017 12:00am
Ogra recommends increase in POL prices

Ogra recommends increase in POL prices

Oil and Gas Regulatory Authority (Ogra) has recommended the government to increase price of motor spirit (petrol) by Rs 2.49 per liter and high speed diesel (HSD) by Rs 5.19 per liter for November 2017. In monthly review for November, the Ogra also propos
Published 31 Oct, 2017 12:00am
Ogra recommends increase in POL prices

Ogra recommends increase in POL prices

Oil and Gas Regulatory Authority (Ogra) has recommended the government to increase price of motor spirit (petrol) by Rs 2.49 per liter and high speed diesel (HSD) by Rs 5.19 per liter for November 2017. In monthly review for November, the Ogra also propos
Published 31 Oct, 2017 12:00am
THE RUPEE: Mixed patterns
Currency

THE RUPEE: Mixed patterns

The rupee showed mixed trend against the dollar on Monday in the process of trading activity, dealers said.
Published 31 Oct, 2017 12:00am
THE RUPEE: Mixed patterns
Currency

THE RUPEE: Mixed patterns

The rupee showed mixed trend against the dollar on Monday in the process of trading activity, dealers said.
Published 31 Oct, 2017 12:00am
Exxon withdraws from LNG project consortium

Exxon withdraws from LNG project consortium

Exxon Mobil has pulled out of a major project in Pakistan, in a potential blow to plans to boost imports of liquefied natural gas (LNG) after years of winter shortages. Differences among the six-member group behind the project in Port Qasim in Karachi mea
Published 31 Oct, 2017 12:00am
Exxon withdraws from LNG project consortium

Exxon withdraws from LNG project consortium

Exxon Mobil has pulled out of a major project in Pakistan, in a potential blow to plans to boost imports of liquefied natural gas (LNG) after years of winter shortages. Differences among the six-member group behind the project in Port Qasim in Karachi mea
Published 31 Oct, 2017 12:00am
Exxon withdraws from LNG project consortium

Exxon withdraws from LNG project consortium

Exxon Mobil has pulled out of a major project in Pakistan, in a potential blow to plans to boost imports of liquefied natural gas (LNG) after years of winter shortages. Differences among the six-member group behind the project in Port Qasim in Karachi mea
Published 31 Oct, 2017 12:00am
BRIndex100 drops 94.91 points
Exchange

BRIndex100 drops 94.91 points

Pakistan Stock Exchange witnessed aggressive selling due to investor concern over the prevailing political situation in the country. BRIndex100 lost 94.91 points or 2.15 percent to close at 4,309.64 points Monday. BRIndex100 touched intraday high of 4,403
Published 31 Oct, 2017 12:00am
BRIndex100 drops 94.91 points
Exchange

BRIndex100 drops 94.91 points

Pakistan Stock Exchange witnessed aggressive selling due to investor concern over the prevailing political situation in the country. BRIndex100 lost 94.91 points or 2.15 percent to close at 4,309.64 points Monday. BRIndex100 touched intraday high of 4,403
Published 31 Oct, 2017 12:00am
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