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Print - 2017-10-31
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
Kidnapped US professor seriously ill: Afghan Taliban

Kidnapped US professor seriously ill: Afghan Taliban

The Afghan Taliban said on Monday that Kevin King, one of two professors from the American University of Afghanistan who were kidnapped in Kabul last year, is seriously ill and needs urgent medical attention. Taliban spokesman Zabihullah Mujahid said King
Published 31 Oct, 2017 12:00am
Kidnapped US professor seriously ill: Afghan Taliban

Kidnapped US professor seriously ill: Afghan Taliban

The Afghan Taliban said on Monday that Kevin King, one of two professors from the American University of Afghanistan who were kidnapped in Kabul last year, is seriously ill and needs urgent medical attention. Taliban spokesman Zabihullah Mujahid said King
Published 31 Oct, 2017 12:00am
No 'minus-Nawaz' formula in play: Nawaz

No 'minus-Nawaz' formula in play: Nawaz

Former Prime Minister Nawaz Sharif has decided to return to the country on November 02 for pursuing the corruption cases filed against him in the accountability court, apparently to avert possible non-bailable arrest warrants by the court in case of skipp
Published 31 Oct, 2017 12:00am
No 'minus-Nawaz' formula in play: Nawaz

No 'minus-Nawaz' formula in play: Nawaz

Former Prime Minister Nawaz Sharif has decided to return to the country on November 02 for pursuing the corruption cases filed against him in the accountability court, apparently to avert possible non-bailable arrest warrants by the court in case of skipp
Published 31 Oct, 2017 12:00am
Bailable warrants issued against Dar

Bailable warrants issued against Dar

An accountability court on Monday issued bailable arrest warrants against Finance Minister Ishaq Dar for not appearing before the court in a reference pertaining to having assets beyond known sources of income. As soon as the accountability court began he
Published 31 Oct, 2017 12:00am
Bailable warrants issued against Dar

Bailable warrants issued against Dar

An accountability court on Monday issued bailable arrest warrants against Finance Minister Ishaq Dar for not appearing before the court in a reference pertaining to having assets beyond known sources of income. As soon as the accountability court began he
Published 31 Oct, 2017 12:00am
Senators alarmed by Indo-Afghan trade through Chabahar

Senators alarmed by Indo-Afghan trade through Chabahar

The lawmakers in Senate on Monday warned that trade between India and Afghanistan via Iran's key strategic port of Chabahar must be countered as it is a major push for India's Afghan outreach bypassing Pakistan which may further exploit the landlocked cou
Published 31 Oct, 2017 12:00am
Senators alarmed by Indo-Afghan trade through Chabahar

Senators alarmed by Indo-Afghan trade through Chabahar

The lawmakers in Senate on Monday warned that trade between India and Afghanistan via Iran's key strategic port of Chabahar must be countered as it is a major push for India's Afghan outreach bypassing Pakistan which may further exploit the landlocked cou
Published 31 Oct, 2017 12:00am
Pakistani, Indian military commanders trade barbs in rare call

Pakistani, Indian military commanders trade barbs in rare call

Indian and Pakistani military commanders fired off heated accusations Monday in a rare telephone conversation between the nuclear-armed rivals over repeated cross-border firing in disputed Kashmir. During the call initiated by Islamabad on a hotline, Paki
Published 31 Oct, 2017 12:00am
Pakistani, Indian military commanders trade barbs in rare call

Pakistani, Indian military commanders trade barbs in rare call

Indian and Pakistani military commanders fired off heated accusations Monday in a rare telephone conversation between the nuclear-armed rivals over repeated cross-border firing in disputed Kashmir. During the call initiated by Islamabad on a hotline, Paki
Published 31 Oct, 2017 12:00am
Two ex-Trump aides charged in Russia probe

Two ex-Trump aides charged in Russia probe

Federal investigators probing Russian interference in the 2016 US election charged President Donald Trump's former campaign manager Paul Manafort and another aide, Rick Gates, with money laundering on Monday. A third former Trump adviser, George Papadopou
Published 31 Oct, 2017 12:00am
Two ex-Trump aides charged in Russia probe

Two ex-Trump aides charged in Russia probe

Federal investigators probing Russian interference in the 2016 US election charged President Donald Trump's former campaign manager Paul Manafort and another aide, Rick Gates, with money laundering on Monday. A third former Trump adviser, George Papadopou
Published 31 Oct, 2017 12:00am
S&P reaffirms credit ratings

S&P reaffirms credit ratings

The global rating agent Standard & Poor's Global Ratings (S&P) in its report Monday affirmed Pakistan's 'B' long-term and short-term sovereign credit ratings. The outlook for the long-term ratings remains stable. Affirmation of Pakistan's rating reflects
Published 31 Oct, 2017 12:00am
S&P reaffirms credit ratings

S&P reaffirms credit ratings

The global rating agent Standard & Poor's Global Ratings (S&P) in its report Monday affirmed Pakistan's 'B' long-term and short-term sovereign credit ratings. The outlook for the long-term ratings remains stable. Affirmation of Pakistan's rating reflects
Published 31 Oct, 2017 12:00am
S&P reaffirms credit ratings

S&P reaffirms credit ratings

The global rating agent Standard & Poor''s Global Ratings (S&P) in its report Monday affirmed Pakistan''s ''B'' long-term and short-term sovereign credit ratings. The outlook for the long-term ratings remains stable. Affirmation of Pakistan''s rating refl
Published 31 Oct, 2017 12:00am
S&P reaffirms credit ratings

S&P reaffirms credit ratings

The global rating agent Standard & Poor''''s Global Ratings (S&P) in its report Monday affirmed Pakistan''''s ''''B'''' long-term and short-term sovereign credit ratings. The outlook for the long-term ratings remains stable. Affirmation of Pakistan''''s r
Published 31 Oct, 2017 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

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
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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