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Print - 2017-12-13
Associated firms: disclosure of investment details mandatory
Exchange

Associated firms: disclosure of investment details mandatory

The Securities and Exchange Commission of Pakistan (SECP) has made it mandatory for the companies making investments in associated companies/undertakings for disclosure of investment details to the general meetings for taking investment decisions through
Published 13 Dec, 2017 12:00am
'Punjab government advancing in education'

'Punjab government advancing in education'

Provincial minister for Sports and Youth affairs Jahangir Khanzada Tuesday said the provincial government is making advancement not only in building infrastructures but also in the field of education. "Now our educational institutes are promoting the envi
Published 13 Dec, 2017 12:00am
'ITU to establish innovative lab'

'ITU to establish innovative lab'

The Information Technology University (ITU) Punjab has planned to establish innovative lab at its State of the Art purpose built main Campus of Pakistan's first focused research University being constructed at Lahore. Dr Umar Saif founding Vice Chancellor
Published 13 Dec, 2017 12:00am
JUI-F protests against recognition of Jerusalem as Israel's capital

JUI-F protests against recognition of Jerusalem as Israel's capital

Scores of activists of Jamiat-e-Ulema Islam-Fazl (JUI-F) on Tuesday staged a protest demonstration outside press club against US recognition of Jerusalem as Israel's capital. The protest was headed by the JUI-F district Peshawar Ameer, Maulana Khairul Bas
Published 13 Dec, 2017 12:00am
Millat Tractors to hold 'Vendors Conference'

Millat Tractors to hold 'Vendors Conference'

To develop a strategy to cope with high emerging demands of local as well as the export market by ensuring consistent quality of tractors, Millat is holding the 13th Vendors Conference of its vending associate base of more than 200 companies on 14th Decem
Published 13 Dec, 2017 12:00am
Customs affairs: Pakistan, Russia to sign agreement
Exchange

Customs affairs: Pakistan, Russia to sign agreement

Customs Services of Russia and Pakistani customs authorities of Federal Board of Revenue (FBR) are expected to initiate agreement on cooperation and mutual assistance on customs affairs between the two countries. Sources told Business Recorder here
Published 13 Dec, 2017 12:00am
NAB KP initiates inquiry against PESCO officials

NAB KP initiates inquiry against PESCO officials

National Accountability Bureau (NAB) Khyber Pakhtunkhwa has initiated an inquiry in mega scam of over-billing 40 million extra units against 25,000 consumers, which amounts to Rs 240 million and thereby illegally over-burdened the down trodden strata of s
Published 13 Dec, 2017 12:00am
ECO's Regional Planning Council Pakistan hosts 28th annual meeting

ECO's Regional Planning Council Pakistan hosts 28th annual meeting

Pakistan hosts 28th annual meeting of the Regional Planning Council of Economic Cooperation Organization countries. Regional Planning Council (RPC) is the main technical planning body within ECO which comprises of head of planning organizations of the mem
Published 13 Dec, 2017 12:00am
Government lambasted for not adopting Fata reforms bill

Government lambasted for not adopting Fata reforms bill

Tribesmen belonging to Khyber Agency have criticized the incumbent PML-N-led government for not tabling Federally Administered Tribal Areas (Fata) reforms bill in the national assembly. Addressing a press conference in Landi Kotal on Tuesday, Qari Said Al
Published 13 Dec, 2017 12:00am
UberAUTO launched in Rawalpindi

UberAUTO launched in Rawalpindi

Uber, the global smartphone app that seamlessly connects riders to drivers operates in more than 600 cities worldwide has announced the start of its uberAUTO service in Rawalpindi, a first of its kind initiative for the city. The service is already operat
Published 13 Dec, 2017 12:00am
Progress on 'Integrated Transit Trade Management System' reviewed

Progress on 'Integrated Transit Trade Management System' reviewed

Government of Pakistan, with the financial assistance of Asian Development Bank (ADB) had embarked on a flagship project titled "Integrated Transit Trade Management System", under which three state-of-the-art border complexes would be established at Torkh
Published 13 Dec, 2017 12:00am
International Day for Persons with Disability observed

International Day for Persons with Disability observed

International Day for Persons with Disability was observed at the Nishtar Hall, Peshawar here on Tuesday with great zeal and enthusiasm. This year the day is observed with the theme of 'Transformation towards sustainable and resilient society for all'. Th
Published 13 Dec, 2017 12:00am
ZTBL, NRSP sign MoU

ZTBL, NRSP sign MoU

Zarai Taraqiati Bank Ltd (ZTBL), the premiere agriculture financing institution of the country has signed a Memorandum of Understanding (MoU) with the National Rural Support Programme (NRSP) at ZTBL, Islamabad today. The spirit of the MoU is to leverage s
Published 13 Dec, 2017 12:00am
Governor gives degrees to 160 graduates of Islamia College

Governor gives degrees to 160 graduates of Islamia College

Khyber Pakhtunkhwa Governor, Eng Iqbal Zafar Jhagra has said that the Islamia College after having become a public sector university in 2008 is indeed poised to facing new challenges. At the same time, he added, it has also got the privilege of competing
Published 13 Dec, 2017 12:00am
80 percent of Telenor to be shifted on 4G by next year: CEO

80 percent of Telenor to be shifted on 4G by next year: CEO

Chief Executive Officer (CEO) Telenor Pakistan, Irfan Wahab Khan on Tuesday announced to shift 80 percent of its network on 4G by next year with aggressive investment in the pipeline. He said this while briefing the media persons about Telenor Pakistan's
Published 13 Dec, 2017 12:00am
OMD Pakistan named 'Media Agency of the Year'

OMD Pakistan named 'Media Agency of the Year'

OMD Pakistan, a part of Omnicom Media Group, has been named Pakistan's 'Media Agency of the Year' by Campaign Asia-Pacific at its Agency of the Year Awards 2017, held on December 5, 2017. This is OMD Pakistan's fourth consecutive award at Campaign Asia's
Published 13 Dec, 2017 12:00am
UBL launches virtual prepaid card

UBL launches virtual prepaid card

UBL has launched its 'Virtual Prepaid Card' to keep up with the ever increasing demand for e-commerce transactions and the need for a safer and more secure payment option. UBL's Virtual Prepaid Card is the most versatile prepaid solution in the market, ca
Published 13 Dec, 2017 12:00am
FWBL president honoured

FWBL president honoured

Tahira Raza, President & CEO First Women Bank Ltd honoured with the South Asian Business Excellence Award in recognition of her outstanding services for the socio economic upliftment of women in particular and for exemplary leadership and achievement in t
Published 13 Dec, 2017 12:00am
Unilever Pakistan and UN Women collaborate for women empowerment

Unilever Pakistan and UN Women collaborate for women empowerment

Unilever Pakistan reaffirmed its commitment towards enhancing gender diversity within its business by signing on to the Women's Empowerment Principles, with support from UN Women. The Seven Principles for Women's Empowerment, are a joint initiative of UN
Published 13 Dec, 2017 12:00am
More rain-thunderstorm forecast over mountainous region

More rain-thunderstorm forecast over mountainous region

More scattered rain-thunderstorm and snowfall over the mountainous region with a hailstorm are expected in Khyber Pukhtunkhwa, Upper Punjab, Islamabad, Kashmir and Gilgit-Baltistan in the next 24 hours, the Met Office said on Tuesday. Temperature fall sus
Published 13 Dec, 2017 12:00am
Ahsan holds CPEC a game-changer

Ahsan holds CPEC a game-changer

Federal Minister for Planning Ahsan Iqbal said on Tuesday that the China-Pakistan Economic Corridor (CPEC) is a game-changer having a win-win position not only for Pakistan and China but for the whole region. Speaking at the CPEC Business Opportunities Co
Published 13 Dec, 2017 12:00am
Shaheen Air's CEO gets achievement award

Shaheen Air's CEO gets achievement award

Ehsan Sehbai, CEO Shaheen Air International (SAI)-has been awarded as the CEO of the year achievement award at the UMA 16th CEO Summit Asia, Leadership Award 2017. The award was given to the CEO in recognition to his untiring efforts in making Shaheen Air
Published 13 Dec, 2017 12:00am
'Accreditation cards will not be issued to government servants'

'Accreditation cards will not be issued to government servants'

The annual meeting of Provincial Accreditation Committee was held under the chairmanship of Imran Atta Soomro, Secretary Information & Archives Department, Government of Sindh, Karachi on Tuesday. The following journalists from different organizations and
Published 13 Dec, 2017 12:00am
Two killed, three injured as groups clash in Lyari

Two killed, three injured as groups clash in Lyari

Two persons were killed while three others including a woman were injured due to an armed clash between two rival groups in Baghdadi area of Lyari Town, here on Tuesday. Police sources said the two rival groups clashed near Ali Hotel and their firing left
Published 13 Dec, 2017 12:00am
Government contemplating outsourcing TTCs: minister

Government contemplating outsourcing TTCs: minister

Sindh Minister for Education and Literacy, Jam Mehtab Hussain Dahar, has said that the teachers' training institutions may be outsourced to enhance teaching quality in Sindh. Presiding over 11th meeting of the Board of Governors of Sindh Teacher Education
Published 13 Dec, 2017 12:00am
WWF survey shows rise in dolphin population in Indus River

WWF survey shows rise in dolphin population in Indus River

The World Wildlife Fund (WWF) Pakistan's survey report indicates that population of the threatened river dolphin has grown significantly since 2001. The fund opened the preliminary results of its Indus River dolphin survey on Tuesday with a report titled
Published 13 Dec, 2017 12:00am
Reap delegation in Colombo seeks rise in export of Pakistani rice

Reap delegation in Colombo seeks rise in export of Pakistani rice

A high-profile trade delegation of Rice Exporters Association of Pakistan (REAP) led by its senior vice chairman Rafique Suleman has reached Sri Lanka for promotion and marketing of Pakistani rice. The delegation comprises of leading rice exporters as wel
Published 13 Dec, 2017 12:00am
PIAF lauds relaxation in foreign exchange regulations
Exchange

PIAF lauds relaxation in foreign exchange regulations

The Pakistan Industrial and Traders Associations Front (PIAF) has appreciated the State Bank of Pakistan for relaxing its foreign exchange regulations, allowing exporters to directly dispatch transport documents to the buyers abroad against shipments valu
Published 13 Dec, 2017 12:00am
Technical education: TEVTA training meets Japanese standards: chairman

Technical education: TEVTA training meets Japanese standards: chairman

The chairman of Technical Education and Vocational Training Authority (TEVTA), Irfan Qaiser Sheikh has said that the collaboration of Japan International Cooperation Agency (JICA) and TEVTA has provided technical education to the youth of Punjab as per Ja
Published 13 Dec, 2017 12:00am
KP Excise department launches In-Service Training Programme at TRC

KP Excise department launches In-Service Training Programme at TRC

The Excise & Taxation department formally launched the first ever In-Service Training Programme at its Training Resource Centre (TRC) for the officers and staff of the Excise department. Provincial Minister for Excise & Taxation Mian Jamshed Uddin Kaka kh
Published 13 Dec, 2017 12:00am
Suspension of broadcast: notices issued

Suspension of broadcast: notices issued

The Lahore High Court on Tuesday issued notices in response to a petition seeking action against Chairman Pakistan Electronic Media Regulatory Authority (Pemra) Absar Alam for suspending transmission of all private news channels during a police operation
Published 13 Dec, 2017 12:00am
OPC Punjab: overseas Pakistani gets back occupied house, shops

OPC Punjab: overseas Pakistani gets back occupied house, shops

Overseas Pakistanis Commission (OPC) Punjab has got vacated house and four shops belonging to an overseas Pakistani, worth rupees 5 Million from the illegal occupants. Vice Chairperson OPC ,Shaheen Khalid Butt informed in this regard that Muhammad Abbas,
Published 13 Dec, 2017 12:00am
LHC summons DG LDA

LHC summons DG LDA

The Lahore High Court on Tuesday summoned Director General Lahore Development Authority today for not submitting replies in hundreds of petitions lying pending against the authority regarding different matters. Azhar Majeed, Khurram Ameen, Asim Qureshi, G
Published 13 Dec, 2017 12:00am
IDEMIA earmarks 1 billion euros for R&D investments in next five years

IDEMIA earmarks 1 billion euros for R&D investments in next five years

IDEMIA, the global leader in trusted identities for an increasing digital world, has allocated one billion euro for Research and Development (R&D) investments in next five years. Addressing an event titled "Discover The World of Disruptive Innovation Paym
Published 13 Dec, 2017 12:00am
Death of Masood Barakati condoled

Death of Masood Barakati condoled

Sadia Rashid, Chairperson and Usama Qureshi, Managing Director & CEO, Hamdard Laboratories (Waqf) Pakistan with profound grief have condoled the demise of Masood Ahmed Barakati, Senior Director, Hamdard Foundation Pakistan and Chief Editor, Hamdard Nauneh
Published 13 Dec, 2017 12:00am
SECP plans to revise shareholding limit for foreigners in PSX
Exchange

SECP plans to revise shareholding limit for foreigners in PSX

The Securities and Exchange Commission of Pakistan (SECP) is planning to revise shareholding limit for foreigners in Pakistan Stock Exchange Limited, proposing that foreign persons shall not collectively, acquire or hold more than 10 percent of the total
Published 13 Dec, 2017 12:00am
Engro Elengy signs LSA with SSGC

Engro Elengy signs LSA with SSGC

Engro Elengy Terminal Private Limited (EETPL) signed an LNG Supply Agreement (LSA) with Sui Southern Gas Company (SSGC) for provision of additional 200mmsfcd gas. The agreement was signed by Jehangir Piracha - CEO EETPL and Amin Rajput - acting MD SSGC in
Published 13 Dec, 2017 12:00am
Economic performance: international rating agencies optimistic: Aziz

Economic performance: international rating agencies optimistic: Aziz

Deputy Chairman Planning Commission Sartaj Aziz on Tuesday said that the international rating agencies are optimistic about Pakistan's economic performance and are predicting Pakistan to emerge as one of the fast growing economies in the world in the comi
Published 13 Dec, 2017 12:00am
Khattak assures facilitating promising business ideas

Khattak assures facilitating promising business ideas

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has assured that "his government is going all out to provide resources to promising business ideas and youth will be the main beneficiaries of the widening areas to prove their worth." His government has in
Published 13 Dec, 2017 12:00am
QWP condemns demolition of Hayat Khan Sherpao Shaheed monument

QWP condemns demolition of Hayat Khan Sherpao Shaheed monument

Qaumi Watan Party (QWP) has condemned the demolition of the monument of Hayat Khan Sherpao Shaheed during the ongoing construction work on Bus Rapid Transport project and sought the explanation from the provincial government in this regard. Addressing at
Published 13 Dec, 2017 12:00am
Outreach programme: FBR appreciates Army's response

Outreach programme: FBR appreciates Army's response

Taxpayers Outreach Programme of the Federal Board of Revenue has been launched to approach and facilitate taxpayers, being individual employees, through their employers for filing of their returns. This programme is a step towards broadening the tax base
Published 13 Dec, 2017 12:00am
Circular debt: government being grilled for payment to power sector

Circular debt: government being grilled for payment to power sector

The government continued to face tough questions on payment of Rs 480 billion to the power sector to clear circular debt even after four years; however, it succeeded to persuade a meeting of the Senate Standing Committee on Finance to postpone its decisio
Published 13 Dec, 2017 12:00am
PM leaves for Turkey

PM leaves for Turkey

The Prime Minister Shahid Khaqan Abbasi left for Turkey on Tuesday to attend the special Organization of Islamic Cooperation (OIC) summit on Al-Quds Al-Sharif. Foreign Minister Khawaja Muhammad Asif was also accompanying the prime minister, PM Office Medi
Published 13 Dec, 2017 12:00am
KP assembly faces lack of quorum for third consecutive day

KP assembly faces lack of quorum for third consecutive day

The proceedings of the Khyber Pakhtunkhwa Assembly on Tuesday adjourned for third consecutive day due to lack of quorum depicting the lacklustre attitude of the legislators, particularly treasury benches. Since the beginning of the current session of the
Published 13 Dec, 2017 12:00am
AC issues detailed order: Dar does not have serious cardiac ailment

AC issues detailed order: Dar does not have serious cardiac ailment

The Accountability Court in its detailed order regarding the status of Ishaq Dar as proclaimed offender observed that the under-trial former finance minister does not seem to have a serious cardiac ailment. Accountability Court Judge Mohammad Bashir on Tu
Published 13 Dec, 2017 12:00am
Two betel leaf importers arrested

Two betel leaf importers arrested

The National Accountability Bureau (NAB) Lahore has arrested two more betel leaf importers Sheikh Muhammad Naseem and Aqeel Ahmed for causing a loss of Rs 26.757 million to government kitty by evading/miscalculating custom duty liable on import of betel l
Published 13 Dec, 2017 12:00am
LKPC, IDAP sign agreement

LKPC, IDAP sign agreement

Lahore Knowledge Park Company (LKPC) signed an agreement with Infrastructure Development Authority of Punjab (IDAP) on Tuesday to carry out the civil works at the site of Lahore Knowledge Park (LKP) in Lahore. According to the arrangement, IDAP will be ac
Published 13 Dec, 2017 12:00am
Engro clarification

Engro clarification

Apropos a news item "First LNG terminal: SSGC signs controversial deal on idle capacity", published in Business Recorder on December 12, 2017, the news item has stated a number of incorrect facts, the first being that the underutilization of the te
Published 13 Dec, 2017 12:00am
December 31 deadline for government to merge KP-Fata, warns Siraj

December 31 deadline for government to merge KP-Fata, warns Siraj

Jamaat-e-Islami (JI) Chief Sirajul Haq has warned the government that his party would stage a long sit-in in the federal capital if the government fails to ensure the merger of Federally Administered Tribal Areas (FATA) with Khyber Pakhtunkhwa before Dece
Published 13 Dec, 2017 12:00am
New Indian HC arrives in Pakistan

New Indian HC arrives in Pakistan

Newly-appointed Indian High Commissioner to Pakistan Ajay Basaria arrived in Pakistan on Tuesday via Wagah border. Indian Deputy High Commissioner J P Singh, other officials from the Indian High Commission received Basaria at the Wagah border. He left for
Published 13 Dec, 2017 12:00am
Palestinian envoy calls on CoAS

Palestinian envoy calls on CoAS

Ambassa-dor of the State of Palestine, Walid A M Abu Ali called on Chief of Army Staff (CoAS), General Qamar Javed Bajwa at General Headquarters (GHQ) on Tuesday. The Palestinian Ambassador thanked the CoAS for Pakistan's support to the Palestinian cause,
Published 13 Dec, 2017 12:00am
Farhatullah speaks about 'black holes'

Farhatullah speaks about 'black holes'

Fata and parts of Balochistan have become "black holes" and honest answers must be given to questions about internment centres which have turned into "Guantanamo Bay-like prisons". This was stated by Senator Farhatullah Babar at an event organized by the
Published 13 Dec, 2017 12:00am
Third round of Pakistan-Bulgaria BPC held
Exchange

Third round of Pakistan-Bulgaria BPC held

The 3rd round of the Pakistan-Bulgaria Bilateral Political Consultations (BPC) was held in Sofia on 7-8 December 2017. The Pakistan side was led by Ambassador Zaheer A Janjua, Additional Secretary (Europe), while Ambassador Kostadin Kodzhabashev, Director
Published 13 Dec, 2017 12:00am
'Quality healthcare services can resolve population issues'

'Quality healthcare services can resolve population issues'

Health experts on Tuesday stressed that provision of quality healthcare services is the key that can resolve the population issues. They warned if appropriate measures are not taken immediately, it would put more pressure on existing infrastructure. The e
Published 13 Dec, 2017 12:00am
Accountant-bashing must stop forthwith

Accountant-bashing must stop forthwith

This is apropos a Business Recorder op-ed "Dar's legacy" carried by the newspaper recently. The writer appears to be quite contemptuous about a beleaguered Ishaq Dar. She has, for example, averred: "If one were to guess the education and experience
Published 13 Dec, 2017 12:00am
It's not even wrong
Exchange

It's not even wrong

""It's not even wrong" is just about as damning a comment for scholarly effort as one might imagine," Dani Rodrik.
Published 13 Dec, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (December 12, 2017) and the forecast for Wednesday (December 13, 2017).

Published 13 Dec, 2017 12:00am
Three main sources of tainted money
Currency

Three main sources of tainted money

According to one estimate, in the developing world outflows of Illicit finances ranged $620-970 billion in 2014, with inflows ranging between $1.4 and $2.5 trillion. The estimated dollar levels of illicit outflows are said to be largest in Asia. Outflows
Published 13 Dec, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (December 12, 2017).

Published 13 Dec, 2017 12:00am
Confronting 'Danger in the Air'

Confronting 'Danger in the Air'

It is a well-known fact that the smog that last month descended on Lahore and some other parts of the country plays havoc with public health. And that the most vulnerable are children and elderly people. A new UNICEF report entitled "Danger in the Air" wa
Published 13 Dec, 2017 12:00am
Launch of 'Asaan Remittance Account'

Launch of 'Asaan Remittance Account'

The government and the State Bank of Pakistan have been thinking about the ways to increase the flow of home remittances into the country. The urge to do so has become more intense since the woeful widening of current account deficit over the past one yea
Published 13 Dec, 2017 12:00am
Banks asked to cash in on CPEC, growth opportunities

Banks asked to cash in on CPEC, growth opportunities

The State Bank of Pakistan (SBP) urged banks to calibrate the changing macroeconomic environment in their business models to capitalize the emerging opportunities from CPEC and economic growth.
Published 13 Dec, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (December 12, 2017).

Published 13 Dec, 2017 12:00am
Banks asked to cash in on CPEC, growth opportunities

Banks asked to cash in on CPEC, growth opportunities

The State Bank of Pakistan (SBP) urged banks to calibrate the changing macroeconomic environment in their business models to capitalize the emerging opportunities from CPEC and economic growth.
Published 13 Dec, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (December 12, 2017)

Published 13 Dec, 2017 12:00am
Banks asked to cash in on CPEC, growth opportunities

Banks asked to cash in on CPEC, growth opportunities

The State Bank of Pakistan (SBP) urged banks to calibrate the changing macroeconomic environment in their business models to capitalize the emerging opportunities from CPEC and economic growth.
Published 13 Dec, 2017 12:00am
Second lieutenant, sepoy martyred in North Waziristan

Second lieutenant, sepoy martyred in North Waziristan

Personnel of Pakistan Army were martyred in a terrorist attack in North Waziristan Agency, the Inter-Services Public Relations (ISPR) said on Monday. According to the ISPR, Second Lieutenant Abdul Moeed and Sepoy Basharat were martyred after terrorists fi
Published 13 Dec, 2017 12:00am
Second lieutenant, sepoy martyred in North Waziristan

Second lieutenant, sepoy martyred in North Waziristan

Personnel of Pakistan Army were martyred in a terrorist attack in North Waziristan Agency, the Inter-Services Public Relations (ISPR) said on Monday. According to the ISPR, Second Lieutenant Abdul Moeed and Sepoy Basharat were martyred after terrorists fi
Published 13 Dec, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (December 12, 2017).

Published 13 Dec, 2017 12:00am
Americans perceive more corruption in Trump era: survey

Americans perceive more corruption in Trump era: survey

Americans believe US society has become markedly more corrupt in the year since President Donald Trump rose to power, according to a survey released Tuesday. Nearly six in 10 say they believe corruption has increased in the last 12 months, up from about a
Published 13 Dec, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (December 12, 2017).

Published 13 Dec, 2017 12:00am
Americans perceive more corruption in Trump era: survey

Americans perceive more corruption in Trump era: survey

Americans believe US society has become markedly more corrupt in the year since President Donald Trump rose to power, according to a survey released Tuesday. Nearly six in 10 say they believe corruption has increased in the last 12 months, up from about a
Published 13 Dec, 2017 12:00am
Khawar named as NAB Special Prosecutor General

Khawar named as NAB Special Prosecutor General

National Accountability Bureau Tuesday appointed former Justice Shah Khawar as NAB special prosecutor general. Khawar has already served as deputy attorney general and assistant advocate general, and is appointed as prosecutor general NAB on immediate bas
Published 13 Dec, 2017 12:00am
Khawar named as NAB Special Prosecutor General

Khawar named as NAB Special Prosecutor General

National Accountability Bureau Tuesday appointed former Justice Shah Khawar as NAB special prosecutor general. Khawar has already served as deputy attorney general and assistant advocate general, and is appointed as prosecutor general NAB on immediate bas
Published 13 Dec, 2017 12:00am
THE RUPEE: PKR extends fall
Currency

THE RUPEE: PKR extends fall

The Pakistani rupee fell for a third straight session on Tuesday after the central bank withdrew its support on Friday, effectively devaluing the local currency.
Published 13 Dec, 2017 12:00am
SSGC clarification

SSGC clarification

This is in response to a news item entitled ''SSGC signs controversial deal on idle capacity'' that appeared in Business Recorder on December 12, 2017.
Published 13 Dec, 2017 12:00am
THE RUPEE: PKR extends fall
Currency

THE RUPEE: PKR extends fall

The Pakistani rupee fell for a third straight session on Tuesday after the central bank withdrew its support on Friday, effectively devaluing the local currency.
Published 13 Dec, 2017 12:00am
SSGC clarification

SSGC clarification

This is in response to a news item entitled 'SSGC signs controversial deal on idle capacity' that appeared in Business Recorder on December 12, 2017.
Published 13 Dec, 2017 12:00am
SSGC clarification

SSGC clarification

This is in response to a news item entitled 'SSGC signs controversial deal on idle capacity' that appeared in Business Recorder on December 12, 2017.
Published 13 Dec, 2017 12:00am
NAB asked to explain why it failed to challenge LHC decision within time

NAB asked to explain why it failed to challenge LHC decision within time

Supreme Court on Tuesday sought grounds from National Accountability Bureau for condonation of delay in filing appeal against the 2014 Lahore High Court verdict which quashed the reference of Rs 1.2 billion against the Sharif family in the Hudaibiya Paper
Published 13 Dec, 2017 12:00am
NAB asked to explain why it failed to challenge LHC decision within time

NAB asked to explain why it failed to challenge LHC decision within time

Supreme Court on Tuesday sought grounds from National Accountability Bureau for condonation of delay in filing appeal against the 2014 Lahore High Court verdict which quashed the reference of Rs 1.2 billion against the Sharif family in the Hudaibiya Paper
Published 13 Dec, 2017 12:00am
C/A deficit constitutes major challenge to economy: Bajwa

C/A deficit constitutes major challenge to economy: Bajwa

Governor State Bank of Pakistan (SBP) Tariq Bajwa on Tuesday said that current account deficit is a major challenge to the economy. He said this while chairing a session of Pakistan Institute of Development Economics (PIDE) conference. Bajwa said devaluat
Published 13 Dec, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (December 12, 2017).

Published 13 Dec, 2017 12:00am
C/A deficit constitutes major challenge to economy: Bajwa

C/A deficit constitutes major challenge to economy: Bajwa

Governor State Bank of Pakistan (SBP) Tariq Bajwa on Tuesday said that current account deficit is a major challenge to the economy. He said this while chairing a session of Pakistan Institute of Development Economics (PIDE) conference. Bajwa said devaluat
Published 13 Dec, 2017 12:00am
C/A deficit constitutes major challenge to economy: Bajwa

C/A deficit constitutes major challenge to economy: Bajwa

Governor State Bank of Pakistan (SBP) Tariq Bajwa on Tuesday said that current account deficit is a major challenge to the economy. He said this while chairing a session of Pakistan Institute of Development Economics (PIDE) conference. Bajwa said devaluat
Published 13 Dec, 2017 12:00am
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