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Nov 06, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-12-22
Palm oil falls on improving production data
Vegetable Oil

Palm oil falls on improving production data

Malaysian palm oil futures plummeted in Thursday's trade, as stronger production fuelled concern about growing stockpiles amid soft demand, while weakness in rival oils compounded the bleak picture. The benchmark palm oil contract for March delivery on th
Published 22 Dec, 2017 12:00am
Cocoa tumbles, raw sugar at two-week top
Exchange

Cocoa tumbles, raw sugar at two-week top

New York cocoa futures on ICE fell 3.5 percent on Thursday, after a wave of automatic sell orders were triggered and expectations for ample global supplies added to the bearish sentiment. Raw sugar rose to a two-week high, climbing for the fourth straight
Published 22 Dec, 2017 12:00am
Gold soars in New York
Exchange

Gold soars in New York

Gold prices rose on Wednesday for a fourth straight session to reach a two-week high as US data showing solid home sales but a fall in mortgage applications pushed the dollar to a two-week low. Gains in bullion were limited, however, by a rise in US bond
Published 22 Dec, 2017 12:00am
Gold slips in Asia

Gold slips in Asia

Gold prices reversed course and turned lower on Thursday, after earlier touching a two-week high, as the dollar edged up. Spot gold was down about 0.1 percent at $1,265.02 an ounce as of 0816 GMT, after earlier hitting its best since December 6 at $1,268.
Published 22 Dec, 2017 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold held near an earlier two-week high on Thursday after US data on domestic gross domestic product, jobless claims and regional business activity did not alter traders' views on a stable economy, leaving the dollar broadly steady. Spot gold was at $1,26
Published 22 Dec, 2017 12:00am
US MIDDAY: soyabeans at three-month low
Vegetable Oil

US MIDDAY: soyabeans at three-month low

US soyabean futures fell to a three-month low on Thursday, on pace for the sixth straight session of declines, on pressure from easing vegetable oil prices and improving crop weather in South America. Wheat and corn futures both were the highest in more t
Published 22 Dec, 2017 12:00am
US MIDDAY: gold holds steady

US MIDDAY: gold holds steady

Gold held near an earlier two-week high on Thursday after US data on gross domestic product, jobless claims and regional business activity left traders' views on a stable economy unchanged and the dollar broadly steady. Spot gold was at up 0.06 percent at
Published 22 Dec, 2017 12:00am
KMC Council pleads with SC to let flats' owners stay
Currency

KMC Council pleads with SC to let flats' owners stay

The City Council on Tuesday hailed the Supreme Court's verdict against illegal apartments and encroachments, but appealed to the court in a resolution to review its decision not to exempt residential constructions on KMC amenity plots, citing humanitarian
Published 22 Dec, 2017 12:00am
PIA sells five A310 engines for over Rs 270 million

PIA sells five A310 engines for over Rs 270 million

PIA has fetched more than Rs 270 million from sale of five idle unserviceable engines of A310 aircraft already grounded. All PPRA rules and regulations were followed in the disposal of these engines with complete transparency. These engines were nearly 25
Published 22 Dec, 2017 12:00am
Forex reserves decline $303 million
Exchange

Forex reserves decline $303 million

The country's total liquid foreign reserves were fell $303 million during the last week due to external debt servicing. According to State Bank of Pakistan's (SBP) weekly foreign exchange report issued on Thursday, total liquid foreign exchange reserves h
Published 22 Dec, 2017 12:00am
Otsuka Pakistan, Greenwich University sign MoU

Otsuka Pakistan, Greenwich University sign MoU

Otsuka Pakistan Ltd, one of the Group Company of Otsuka Pharmaceutical Co Japan entered into a Memorandum of Understanding with Greenwich University, a novel research institute to support, develop and promote mutual interests of research in nutraceutics.
Published 22 Dec, 2017 12:00am
111 Pakistani students selected for Global UGRAD
Exchange

111 Pakistani students selected for Global UGRAD

American Ambassador David Hale congratulated 111 Pakistani undergraduate students who have been selected to participate in the Spring 2018 US government-funded Global Undergraduate Exchange Program (Global UGRAD) during a pre-departure orientation session
Published 22 Dec, 2017 12:00am
PDWP approves 35 uplift schemes in various sectors

PDWP approves 35 uplift schemes in various sectors

The Provincial Development Working Party (PDWP) held its meeting under the Chairmanship of Dr Shahzad Khan Bangash, the Additional Chief Secretary Khyber Pakhtunkhwa, here on Thursday and approved 35 developmental projects in various sectors.
Published 22 Dec, 2017 12:00am
Moderate earthquake jolts Swat, surrounding areas

Moderate earthquake jolts Swat, surrounding areas

A moderate intensity earthquake of 4.6 magnitude jolted Swat and surroundings areas of Khyber Pakhtunkhwa here on Thursday. According to Seismic Centre the epicenter of the mild earthquake which measured 4.6 on the Richter scale was located in Hindu Kush
Published 22 Dec, 2017 12:00am
CCP declares USC's tender illegal for ERP procurement

CCP declares USC's tender illegal for ERP procurement

The Competition Commission of Pakistan (CCP) has passed an order declaring a tender issued by the Utility Stores Corporation of Pakistan (USC) for the procurement of Enterprise Resource Planning (ERP) in violation of the Competition Act, 2010 and directed
Published 22 Dec, 2017 12:00am
11 killed, many hurt in Khanewal road mishap

11 killed, many hurt in Khanewal road mishap

At least 11 people were killed and 28 others injured after a passenger bus hit a stationary trailer at M4 motorway near Khanewal due to heavy fog early Thursday morning. According to Police sources, the bus was carrying more than 40 passengers and was hea
Published 22 Dec, 2017 12:00am
Northern Areas: Ogra finalises proposal for revision in freight charges

Northern Areas: Ogra finalises proposal for revision in freight charges

The proposal for revision in the freight charges for Northern Areas including Juglot, Chitral and AJK has been finalized by OGRA and forwarded to the All Pakistan PSO Cartage Contractors Association (APPCCA) for their input so that the Authority may take
Published 22 Dec, 2017 12:00am
REAP urges government to declare rice exporting sector as 'industry'

REAP urges government to declare rice exporting sector as 'industry'

Rice Exporters Association of Pakistan (REAP) has once again urged the government to declare rice exporting sector as an 'industry' which will help devising a consolidated policy aimed at integration and elevation of all the stakeholders in rice supply ch
Published 22 Dec, 2017 12:00am
PPL donates six anaesthesia machines to Mayo Hospital

PPL donates six anaesthesia machines to Mayo Hospital

MD and CEO of Pakistan Petroleum Limited (PPL) Syed Wamiq Bokhari formally handed over six anaesthesia machines to Mayo Hospital (MH), Lahore for its emergency surgical ward in the presence of officials from both organizations, including Medical Superinte
Published 22 Dec, 2017 12:00am
GB not linked with national grid: CM

GB not linked with national grid: CM

GIZ, a German organization and WAPDA have identified the potential of 40,900MW of electricity through feasibility reports but Gilgit-Baltistan is not linked with the national grid which is the major hurdle of taping the power generation potential.
Published 22 Dec, 2017 12:00am
Indonesian delegation meets Shahbaz
Exchange

Indonesian delegation meets Shahbaz

A high level Indonesian delegation headed by Alwi Shihab, Special Envoy of Indonesian President for Middle East and OIC, along with his top ten representatives met Chief Minister Punjab Muhammad Shahbaz Sharif. The special Envoy, while discussing matters
Published 22 Dec, 2017 12:00am
'National Day for Rights of Working Women' today

'National Day for Rights of Working Women' today

With a view to expediting the process of providing complete protection and security to the womenfolk working in different departments, 'National Day for the Rights of Working Women' is being marked on Friday (today). To mark the day, different women right
Published 22 Dec, 2017 12:00am
Politicians urged to evolve joint strategy to counter US-India pressure

Politicians urged to evolve joint strategy to counter US-India pressure

Vice President SAARC Chamber Iftikhar Ali Malik has urged all the mainstream political parties to set aside their political differences for the sake of the country and sit down together to evolve a joint strategy to counter US-India diplomatic pressure on
Published 22 Dec, 2017 12:00am
CJP orders to move courts back to previous place in 10 days

CJP orders to move courts back to previous place in 10 days

Chief Justice of Pakistan Mian Saqib Nisar on Thursday came hard on the Registrar of Lahore High Court for lack of facilities at the newly-constructed judicial complex in Multan and directed him to shift the sessions court to old place within 10 days.
Published 22 Dec, 2017 12:00am
PRA organizes 'tax clinic'

PRA organizes 'tax clinic'

Punjab Revenue Authority (PRA) organized a tax clinic in collaboration with GIZ Germany for public sector withholding agents to lend necessary understanding of concerned laws. PRA spokesman said Punjab sales tax on services (withholding) Rules 2015 are ap
Published 22 Dec, 2017 12:00am
Country's 'largest' cinema hall being launched today

Country's 'largest' cinema hall being launched today

Pakistan's cinema chain 'Cinepax' is all set to launch the largest cinema in Pakistan at Packages Mall, Lahore here on Friday (today). "We have a vision for Cinepax and the new cinema at Packages Mall is the first step towards it. We always believe in giv
Published 22 Dec, 2017 12:00am
Punjab's implementation of NAP consistent yet requires improvement

Punjab's implementation of NAP consistent yet requires improvement

Punjab's performance on the implementation of National Action Plan (NAP) has witnessed a slight downward trend during third quarter of 2017. This was shared by PILDAT Fourth Quarterly Monitor on the Implementation of National Action Plan on Counter Terror
Published 22 Dec, 2017 12:00am
Women must be provided with opportunities & resources: Sartaj

Women must be provided with opportunities & resources: Sartaj

"Given the economic opportunities and the social changes Pakistan is faced with, the importance of equipping women with the right opportunities and resources through social enterprise is essential if we are to see Pakistan as leading economy in the near f
Published 22 Dec, 2017 12:00am
Second awareness session against drugs abuse held

Second awareness session against drugs abuse held

The Ministry of Narcotics Control (MNC) organized a session on the "Awareness about Drugs Diseases and Re-Integration of Drug Addicts in the Society" with the drug inmates of the Central Prison Adyala, Rawalpindi. It was the second programme of the awaren
Published 22 Dec, 2017 12:00am
PC urged to make centre for social enterprise operational

PC urged to make centre for social enterprise operational

The Planning Commission should immediately operationalize centre for social enterprise, which was already approved by the departmental development working party, to support the women empowerment in Pakistan. This was recommended in the report on "Activist
Published 22 Dec, 2017 12:00am
Pakistan calls for resolution of Palestine, Kashmir issues

Pakistan calls for resolution of Palestine, Kashmir issues

Pakistan has called for resolving two longstanding and internationally recognised disputes of Palestine and Jammu and Kashmir at the United Nations on Wednesday. Speaking in the Security Council debate on challenges to international peace and security, Pa
Published 22 Dec, 2017 12:00am
Shahbaz for enhancing trade with Japan

Shahbaz for enhancing trade with Japan

Punjab Chief Minister Shahbaz Sharif Thursday said that bilateral trade volume between Pakistan and Japan needs to be enhanced. He said this while talking to Japanese ambassador Takashi Kurai, here today. During the meeting, different matters of mutual in
Published 22 Dec, 2017 12:00am
China-cutting case: SHC rejects KDA officers' bails

China-cutting case: SHC rejects KDA officers' bails

The Sindh High Court on Thursday rejected bails of more than 15 workers of Karachi Development Authority (KDA) including officers in illegal allotment and China-cutting case of Gulistan-e-Jauhar's 300 plots. The accused were arrested by the National Accou
Published 22 Dec, 2017 12:00am
Traffic chaos in Sialkot irks commuters

Traffic chaos in Sialkot irks commuters

Sialkot police have badly failed to control traffic in the city and other highly busy junctions as a result of which there is total traffic chaos in Sialkot due to which road accidents and traffic jams had become a daily routine. Local traffic police and
Published 22 Dec, 2017 12:00am
MUET's annual degree show ends

MUET's annual degree show ends

The annual 11th degree show concluded at the Centre of Excellence in Art and Design (CEAD), Mehran University of Engineering and Technology (MUET) Jamshoro. Thousands of visitors, civil society, intellectuals, galleries' owners, industrial CEOs, artists,
Published 22 Dec, 2017 12:00am
SBKWU transforms financial processes with Oracle Cloud

SBKWU transforms financial processes with Oracle Cloud

Sardar Bahadur Khan Women's University (SBKWU), a leading research and teaching institution in Balochistan, has started to transform its core financial processes with the deployment of Oracle Enterprise Resource Planning (ERP) Cloud and Oracle Planning an
Published 22 Dec, 2017 12:00am
Farmers advised to protect standing crops, plants during winter

Farmers advised to protect standing crops, plants during winter

The Met Office asked the farmers on Thursday to step up efforts to safeguard standing crops and plant nurseries from adverse effects of extreme weather during the winter season. It also alerted that the weeds consume the soil moisture and the feed meant f
Published 22 Dec, 2017 12:00am
Shell Pakistan opens two more fuel stations in Lahore

Shell Pakistan opens two more fuel stations in Lahore

Shell Pakistan Limited inaugurated two fuel stations in Lahore, one located on Maulana Shaukat Ali Road while the other is situated on Gulshan-e-Ravi Road. These fuel stations will offer a wide range of fuelling options that include motor gasoline, high-s
Published 22 Dec, 2017 12:00am
PAPCO's WOP Mogas project's groundbreaking ceremony today

PAPCO's WOP Mogas project's groundbreaking ceremony today

Prime Minister Shahid Khaqan Abbasi will be the chief guest at the ground breaking ceremony of White Oil Pipeline Mogas project by Pak Arab Pipeline Company Limited (PAPCO) being held today at PAPCO's Port Qasim station. PAPCO intends to implement this Pr
Published 22 Dec, 2017 12:00am
Illegal sale of plots: Mustafa Kamal appears before NAB

Illegal sale of plots: Mustafa Kamal appears before NAB

Pak Sarzameen Party (PSP) Chief Mustafa Kamal on Thursday appeared before National Accountability Bureau (NAB)'s Karachi chapter in a case of illegal sale of plots during his tenure as mayor of the city. The top anti-corruption watchdog had summoned Kamal
Published 22 Dec, 2017 12:00am
PSO, SAF join hands to impart education to deserving students
Exchange

PSO, SAF join hands to impart education to deserving students

PSO CSR Trust (PSO) and ShahidAfridi Foundation (SAF) have joined hands in their resolve to ensure continued provision of education for future generations of Pakistan. Under the Memorandum of Understanding (MoU) signed between both the organizations, PSO
Published 22 Dec, 2017 12:00am
PM urged to appoint full-time finance minister

PM urged to appoint full-time finance minister

The patron-in-chief of the United Business Group, S. M. Muneer, has suggested that Prime Minister Shahid Khaqan Abbasi should appoint a permanent or caretaker finance minister performing fulltime. Talking to journalists at a lunch hosted by the UBG for ne
Published 22 Dec, 2017 12:00am
ICAP holds 'Finance Olympiad'

ICAP holds 'Finance Olympiad'

The Institute of Chartered Accountants of Pakistan (ICAP) held a National Finance Olympiad, which reached its Grand Finale in the middle of this week. The event, in collaboration with Unilever Pakistan and assisted by the ICAP's Professional Accountants i
Published 22 Dec, 2017 12:00am
JCR-VIS reaffirms IFS rating of RICL

JCR-VIS reaffirms IFS rating of RICL

JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength rating of Reliance Insurance Company Limited (RICL) at 'A' (Single A). Outlook on the assigned ratings is 'Positive'. The previous rating action was announced on December
Published 22 Dec, 2017 12:00am
JCR-VIS reaffirms IFS rating of RICL

JCR-VIS reaffirms IFS rating of RICL

JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength rating of Reliance Insurance Company Limited (RICL) at 'A' (Single A). Outlook on the assigned ratings is 'Positive'. The previous rating action was announced on December
Published 22 Dec, 2017 12:00am
Byco Petroleum's profit spikes by 50 percent YoY

Byco Petroleum's profit spikes by 50 percent YoY

Byco Petroleum Pakistan Limited (BPPL) declared profit after tax of Rs 2.1 billion for the year ended June 2017, a 50% increase over the same period last year. Byco's operating profit also registered growth of 14% in FY17 over FY16. Byco has shown stable
Published 22 Dec, 2017 12:00am
Byco Petroleum's profit spikes by 50 percent YoY

Byco Petroleum's profit spikes by 50 percent YoY

Byco Petroleum Pakistan Limited (BPPL) declared profit after tax of Rs 2.1 billion for the year ended June 2017, a 50% increase over the same period last year. Byco's operating profit also registered growth of 14% in FY17 over FY16. Byco has shown stable
Published 22 Dec, 2017 12:00am
NBP, Akhuwat ink agreement for structured payments, collections

NBP, Akhuwat ink agreement for structured payments, collections

National Bank of Pakistan (NBP) has signed an agreement with Akhuwat for structured payments and collections services through NBP, capitalizing over NBP's state of the art edifice of services and vast network. The ceremony was held in Lahore on December 2
Published 22 Dec, 2017 12:00am
Self-sufficiency stressed in engineering-related issues

Self-sufficiency stressed in engineering-related issues

The speakers at a conference on engineering have stressed the need to find solutions to engineering related issues on our own for national development. They were addressing the 3rd international conference on engineering science organized by PU Institute
Published 22 Dec, 2017 12:00am
'Do Tok' launched: Cheema believes in idealism: Haroon

'Do Tok' launched: Cheema believes in idealism: Haroon

Advisor to the Prime Minister on Revenue Haroon Akhtar has said that former Inspector General of Police (IGP) Zulfiqar Ahmad Cheema believes in idealism and always remains busy in pursuit of perfection. Haroon Akhtar said this on the occasion of launching
Published 22 Dec, 2017 12:00am
1LINK, Nift ink memo on digital financial services

1LINK, Nift ink memo on digital financial services

1LINK (Guarantee) Limited and National Institutional Facilitation Technologies (Pvt) Limited (NIFT), under the guidance of SBP, signed a memorandum of understanding (MoU). The MoU was signed by Najeeb Agrawalla, CEO, 1LINK and Haider Wahab, CEO, NIFT. The
Published 22 Dec, 2017 12:00am
LHCBA asks Shahbaz, Rana to step down

LHCBA asks Shahbaz, Rana to step down

The Lahore High Court Bar Association on Thursday gave ultimatum to Punjab CM Shahbaz Sharif and Law Minister Rana Sana Ullah to resign for Model Town inquiry report within a week. The bar also announced to take legal action against Nawaz Sharif and his d
Published 22 Dec, 2017 12:00am
Federal government's request rejected

Federal government's request rejected

The Lahore High Court on Thursday turned down a request of the federal government to suspend operation of a recent judgment, which struck down appointment of Absar Alam as chairman of Pakistan Electronic Media Regulatory Authority (Pemra).
Published 22 Dec, 2017 12:00am
NAB arrests 14 KDA officials

NAB arrests 14 KDA officials

National Accountability Bureau (NAB), Karachi, on Thursday claimed to have arrested 14 KDA officials after Sindh High Court cancelled their interim bails. These officials were named in a reference filed in an Accountability Court. They have been accused o
Published 22 Dec, 2017 12:00am
54 ostrich farms registered in Punjab during 2016-2017

54 ostrich farms registered in Punjab during 2016-2017

The Livestock & Dairy Development Punjab's Project (Development of Ostrich Farming in Punjab) registered 54 ostrich farms during year 2016-17 and 80 during the current year. The process of registration of new ostrich farms is being continued, said a spoke
Published 22 Dec, 2017 12:00am
No progress made to trace peace activist: parliamentary panel informed

No progress made to trace peace activist: parliamentary panel informed

A parliamentary panel was informed on Thursday that as yet no progress has been made to trace peace activist Raza Mahmood Khan who went missing earlier this month. Deputy Inspector General (DIG) Investigation Lahore Police, Sultan Ahmad while briefing the
Published 22 Dec, 2017 12:00am
Father-in-law stabbed to death over domestic issues

Father-in-law stabbed to death over domestic issues

A man stabbed his father-in-law to death over some domestic dispute in Musfata Town area, police officials said on Thursday. Police investigators told media that the accused, identified as Muhammad Javed, killed his father-in-law Yousaf Muneer, 60, over d
Published 22 Dec, 2017 12:00am
Seven killed, two injured in Dera Bugti

Seven killed, two injured in Dera Bugti

At least seven people including women and children were killed and two others injured in firing and landmine blast here on Thursday. Security sources said the armed men stormed into the home of a man identified as Gujjar, killing his two wives and three c
Published 22 Dec, 2017 12:00am
Imran to pressurise government for passage of Fata reforms bill

Imran to pressurise government for passage of Fata reforms bill

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Thursday reiterated his party' demand for holding fresh elections, saying the only way to fill the political vacuum in the country is early elections. In a Twitter message, he also demanded the Electio
Published 22 Dec, 2017 12:00am
NTC chairman removed in the light of PHC judgement

NTC chairman removed in the light of PHC judgement

Chairman National Tariff Commission (NTC) Qasim M Niaz has been removed from his office in the light of Peshawar High Court's (PHC) judgement wherein he has been declared ineligible for this slot, well informed sources told Business Recorder.
Published 22 Dec, 2017 12:00am
UK HC's debate contest held in Peshawar

UK HC's debate contest held in Peshawar

The British High Commission's annual 'Great Debate' competition continued with a semi-final event at the Institute of Management Sciences in Peshawar. The semi-final event brought together participants from across universities in KP. After a competitive r
Published 22 Dec, 2017 12:00am
Reference against Dar adjourned till January 2

Reference against Dar adjourned till January 2

The Accountability Court hearing corruption reference against former Finance Minister Ishaq Dar Thursday adjourned the hearing till January 2 after the prosecution informed it that Islamabad High Court (IHC) has issued a stay order against the trial of th
Published 22 Dec, 2017 12:00am
RTO issues notices to teachers

RTO issues notices to teachers

The Regional Tax Office (RTO) of Federal Board of Revenue (FBR) has issued notices to teachers of public and private institutions for tax audit, said sources. According to the sources, show cause notices have been issues as many as 400 students of public
Published 22 Dec, 2017 12:00am
UoP reduces tuition fees after protest

UoP reduces tuition fees after protest

Following two-week long protest and staging a 'sit in' by students against increase in various type of fees, the administration of the University of Peshawar (UoP) reduced admission fee of various programs and issued a new fee list here on Thursday.
Published 22 Dec, 2017 12:00am
Qadri calls APC on December 28 to decide future course of action

Qadri calls APC on December 28 to decide future course of action

Pakistan Awami Tehreek (PAT) chief Tahirul Qadri has called an all parties conference on December 28, at which they would announce their future course of action to get justice for the 2014 Model Town massacre. Speaking at a joint press conference with Awa
Published 22 Dec, 2017 12:00am
Marriyum terms art, culture 'softer embodiments' of human instincts

Marriyum terms art, culture 'softer embodiments' of human instincts

Minister of State for Information, Broadcasting, National History & Literary Heritage Marriyum Aurangzeb while chairing the 28th Board of Governors meeting of Lok Virsa remarked that art, culture, films and music were the softer embodiments of human insti
Published 22 Dec, 2017 12:00am
ST notification on import: SC converts FBR's plea into ICA

ST notification on import: SC converts FBR's plea into ICA

Granting respite to Federal Board of Revenue on Thursday, the Supreme Court converted the FBR appeal against Islamabad High Court verdict into Intra Court Appeal (ICA) over a notification to collect sales tax at the rate of 17 percent instead of five perc
Published 22 Dec, 2017 12:00am
Need for more capacity-building steps in policy-making stressed
Currency

Need for more capacity-building steps in policy-making stressed

Speakers at a seminar have urged for additional capacity-building measures in policymaking and governance for meeting requirements of modern era of artificial intelligence and the Fourth Industrial Revolution taking place worldwide.Speaking at 'the Fourth
Published 22 Dec, 2017 12:00am
Crying over spilled milk

Crying over spilled milk

This is apropos a Business Recorder news item "It's no use crying over spilled milk, Mr Chairman" carried by the newspaper yesterday. According to it, the senators belonging to the treasury and opposition found themselves at the centre of a storm f
Published 22 Dec, 2017 12:00am
The Weather

The Weather

The weather report on Thursday (December 21, 2017) and the forecast for Friday (December 22, 2017).

Published 22 Dec, 2017 12:00am
Short-circuiting investment

Short-circuiting investment

During the 1980s the shortfall between electricity generated and consumers' demand in Karachi widened to unmanageable proportions. Rampant over-staffing compounded by excessive non-core workers, a demoralized workforce and misaligned management objectives
Published 22 Dec, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (December 21, 2017).

Published 22 Dec, 2017 12:00am
Law of binding precedents - I

Law of binding precedents - I

In view of the hierarchical character of the judicial system in Pakistan, it is of paramount importance that the law declared by courts should be certain, clear and consistent. Inconsistencies create distrust in the administration of justice. It is an est
Published 22 Dec, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (December 21, 2017).

Published 22 Dec, 2017 12:00am
A welcome first

A welcome first

In a welcome first, CoAS General Qamar Javed Bajwa briefed the Senate Committee of the Whole on a wide-range of issues beyond the original intended thrust of national security. First and foremost, General Bajwa categorically denied that the army was desta
Published 22 Dec, 2017 12:00am
Financing gap in the external sector
Currency

Financing gap in the external sector

In a briefing to the National Assembly Standing Committee on Finance on 19th December, 2017, SBP Governor, Tariq Bajwa revealed that there will be around dollar 12 billion (later revised to dollar 2.5 billion) financing gap in the external sector for the
Published 22 Dec, 2017 12:00am
US hits Myanmar general in new global rights sanctions

US hits Myanmar general in new global rights sanctions

The United States slapped sanctions on a Myanmar general accused of leading an ethnic cleansing campaign against Rohingya villagers Thursday, amid a raft of new sanctions against alleged rights abusers worldwide. Maung Maung Soe is among the first 14 seni
Published 22 Dec, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (December 21, 2017).

Published 22 Dec, 2017 12:00am
US hits Myanmar general in new global rights sanctions

US hits Myanmar general in new global rights sanctions

The United States slapped sanctions on a Myanmar general accused of leading an ethnic cleansing campaign against Rohingya villagers Thursday, amid a raft of new sanctions against alleged rights abusers worldwide. Maung Maung Soe is among the first 14 seni
Published 22 Dec, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (December 21, 2017)

Published 22 Dec, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (December 21, 2017).

Published 22 Dec, 2017 12:00am
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