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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-01-02
EPD seals three big godowns

EPD seals three big godowns

The Environment Protection Department (EPD) on Monday sealed three big godowns situated on Band Road area of the provincial metropolis involved in illegal recycling of hospital wastage. Special checking teams also lodged an FIR against these illegal recyc
Published 02 Jan, 2018 12:00am
Government plans takeover of charities run by Hafiz Saeed

Government plans takeover of charities run by Hafiz Saeed

The government plans to seize control of charities and financial assets linked to Islamist leader Hafiz Saeed, who Washington has designated a terrorist, according to officials and documents reviewed by Reuters. The civilian government detailed its plans
Published 02 Jan, 2018 12:00am
SECP prohibits companies from donating cash to JuD
Exchange

SECP prohibits companies from donating cash to JuD

The Securities & Exchange Commission of Pakistan (SECP) Monday prohibited all companies from donating cash to Jamaat-ud-Dawa (JuD), the charity wing of banned outfit Lashkar-e-Taiba, as well as several other individuals and organizations named in a compre
Published 02 Jan, 2018 12:00am
SECP prohibits companies from donating cash to JuD
Exchange

SECP prohibits companies from donating cash to JuD

The Securities & Exchange Commission of Pakistan (SECP) Monday prohibited all companies from donating cash to Jamaat-ud-Dawa (JuD), the charity wing of banned outfit Lashkar-e-Taiba, as well as several other individuals and organizations named in a compre
Published 02 Jan, 2018 12:00am
SECP prohibits companies from donating cash to JuD
Exchange

SECP prohibits companies from donating cash to JuD

The Securities & Exchange Commission of Pakistan (SECP) Monday prohibited all companies from donating cash to Jamaat-ud-Dawa (JuD), the charity wing of banned outfit Lashkar-e-Taiba, as well as several other individuals and organizations named in a compre
Published 02 Jan, 2018 12:00am
Afghanistan loses interest in APTTA

Afghanistan loses interest in APTTA

Afghanistan has reportedly lost its interest in existing Afghanistan Pakistan Transit Trade Agreement (APTTA) and wants a new trade agreement with inclusion of India, a condition not acceptable to Islamabad, well-informed sources told Business Recorder
Published 02 Jan, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (January 01, 2018).

Published 02 Jan, 2018 12:00am
Afghanistan loses interest in APTTA

Afghanistan loses interest in APTTA

Afghanistan has reportedly lost its interest in existing Afghanistan Pakistan Transit Trade Agreement (APTTA) and wants a new trade agreement with inclusion of India, a condition not acceptable to Islamabad, well-informed sources told Business Recorder
Published 02 Jan, 2018 12:00am
Afghanistan loses interest in APTTA

Afghanistan loses interest in APTTA

Afghanistan has reportedly lost its interest in existing Afghanistan Pakistan Transit Trade Agreement (APTTA) and wants a new trade agreement with inclusion of India, a condition not acceptable to Islamabad, well-informed sources told Business Recorder
Published 02 Jan, 2018 12:00am
Cabinet to meet today

Cabinet to meet today

Foreign minister Khawaja Asif called on Prime Minister Shahid Khaqan Abbasi on Monday and discussed the situation with him as the Trump administration has constantly been downplaying Pakistan's contributions and sacrifices in the war against terrorism. So
Published 02 Jan, 2018 12:00am
The Weather

The Weather

The weather report on Monday (January 01, 2018) and the forecast for Tuesday (January 02, 2018).

Published 02 Jan, 2018 12:00am
Cabinet to meet today

Cabinet to meet today

Foreign minister Khawaja Asif called on Prime Minister Shahid Khaqan Abbasi on Monday and discussed the situation with him as the Trump administration has constantly been downplaying Pakistan's contributions and sacrifices in the war against terrorism. So
Published 02 Jan, 2018 12:00am
Ten dead in Iran unrest

Ten dead in Iran unrest

Ten people were killed overnight in the worst violence yet seen in Iran's protests, local media reported on Monday, while President Hassan Rouhani said the Iranian people would respond to "rioters and lawbreakers". Six people were killed in the western to
Published 02 Jan, 2018 12:00am
BRIndex100 closes in green
Exchange

BRIndex100 closes in green

Pakistan Stock Exchange witnessed a positive trend on the first day of new calendar year due to fresh buying in various sectors. BRIndex100 gained 38.72 points or 0.9 percent to close at 4,333.62 points Monday. BRIndex100 touched intraday high of 4,343.81
Published 02 Jan, 2018 12:00am
BRIndex100 closes in green
Exchange

BRIndex100 closes in green

Pakistan Stock Exchange witnessed a positive trend on the first day of new calendar year due to fresh buying in various sectors. BRIndex100 gained 38.72 points or 0.9 percent to close at 4,333.62 points Monday. BRIndex100 touched intraday high of 4,343.81
Published 02 Jan, 2018 12:00am
BRIndex100 closes in green
Exchange

BRIndex100 closes in green

Pakistan Stock Exchange witnessed a positive trend on the first day of new calendar year due to fresh buying in various sectors. BRIndex100 gained 38.72 points or 0.9 percent to close at 4,333.62 points Monday. BRIndex100 touched intraday high of 4,343.81
Published 02 Jan, 2018 12:00am
Government plans record borrowing in third quarter

Government plans record borrowing in third quarter

In order to meet rising fiscal deficit, the federal government has planned to borrow a record amount of Rs 4.9 trillion from banking sector during January-March period of current fiscal year (FY18). Bankers said that slow foreign inflows and rising expend
Published 02 Jan, 2018 12:00am
Government plans record borrowing in third quarter

Government plans record borrowing in third quarter

In order to meet rising fiscal deficit, the federal government has planned to borrow a record amount of Rs 4.9 trillion from banking sector during January-March period of current fiscal year (FY18). Bankers said that slow foreign inflows and rising expend
Published 02 Jan, 2018 12:00am
Government plans record borrowing in third quarter

Government plans record borrowing in third quarter

In order to meet rising fiscal deficit, the federal government has planned to borrow a record amount of Rs 4.9 trillion from banking sector during January-March period of current fiscal year (FY18). Bankers said that slow foreign inflows and rising expend
Published 02 Jan, 2018 12:00am
SBP restricts import of cash USD
Exchange

SBP restricts import of cash USD

The State Bank of Pakistan (SBP) has restricted cash US dollar import by Exchange Companies (ECs) at 35 percent of total export of permissible foreign currencies in a month. Previously, there were no limitations on cash import of US dollar and exchange co
Published 02 Jan, 2018 12:00am
SBP restricts import of cash USD
Exchange

SBP restricts import of cash USD

The State Bank of Pakistan (SBP) has restricted cash US dollar import by Exchange Companies (ECs) at 35 percent of total export of permissible foreign currencies in a month. Previously, there were no limitations on cash import of US dollar and exchange co
Published 02 Jan, 2018 12:00am
SBP restricts import of cash USD
Exchange

SBP restricts import of cash USD

The State Bank of Pakistan (SBP) has restricted cash US dollar import by Exchange Companies (ECs) at 35 percent of total export of permissible foreign currencies in a month. Previously, there were no limitations on cash import of US dollar and exchange co
Published 02 Jan, 2018 12:00am
Policeman among 13 killed in Iran unrest

Policeman among 13 killed in Iran unrest

Fresh protests broke out as night fell in Iran on Monday with reports of a policeman shot dead, as the authorities moved to crack down on days of unrest across the country. There was a heavy police presence in Tehran as small groups of protesters ran thro
Published 02 Jan, 2018 12:00am
Policeman among 13 killed in Iran unrest

Policeman among 13 killed in Iran unrest

Fresh protests broke out as night fell in Iran on Monday with reports of a policeman shot dead, as the authorities moved to crack down on days of unrest across the country. There was a heavy police presence in Tehran as small groups of protesters ran thro
Published 02 Jan, 2018 12:00am
Six dead in gas cylinder blast

Six dead in gas cylinder blast

At least six people died and a dozen others injured when a cylinder exploded within the premises of District Headquarters (DHQ) Hospital Attock on Monday. DCO Attock, Rana Akber Hayat said due to the blast a portion of the hospital collapsed resulting in
Published 02 Jan, 2018 12:00am
Shahbaz meets Saudi Crown Prince
Exchange

Shahbaz meets Saudi Crown Prince

Punjab Chief Minister Shahbaz Sharif has met Saudi Crown Prince and Defence Minister Mohamed Bin Salman twice during his visit to Riyadh, a private TV news channel reported on Monday night. The channel reported that Shahbaz has called on Saudi Crown Princ
Published 02 Jan, 2018 12:00am
Sushma rules out possibility of Indo-Pak cricket series
Exchange

Sushma rules out possibility of Indo-Pak cricket series

The Indian government once again backed out of playing cricket series against Pakistan saying no cricket is to be played between the two nations even at neutral venues for the time being in view of the present state of relations.
Published 02 Jan, 2018 12:00am
Sushma rules out possibility of Indo-Pak cricket series
Exchange

Sushma rules out possibility of Indo-Pak cricket series

The Indian government once again backed out of playing cricket series against Pakistan saying no cricket is to be played between the two nations even at neutral venues for the time being in view of the present state of relations.
Published 02 Jan, 2018 12:00am
Nuclear installations: Pakistan, India exchange list
Exchange

Nuclear installations: Pakistan, India exchange list

India and Pakistan exchanged a list of their nuclear installations on Monday, officials said. The exchange was carried out through diplomatic channels simultaneously at New Delhi and Islamabad, Indian's foreign ministry officials said. "The list of nuclea
Published 02 Jan, 2018 12:00am
MoF finalises consolidated fund, public accounts bill

MoF finalises consolidated fund, public accounts bill

The Ministry of Finance has finalized the 'Federal Consolidated Fund and Public Accounts (Maintenance and Operations) Bill, 2017' for submission to the cabinet for approval. Sources said the draft law is ready for approval of the finance bigwig and soon a
Published 02 Jan, 2018 12:00am
MoF finalises consolidated fund, public accounts bill

MoF finalises consolidated fund, public accounts bill

The Ministry of Finance has finalized the 'Federal Consolidated Fund and Public Accounts (Maintenance and Operations) Bill, 2017' for submission to the cabinet for approval. Sources said the draft law is ready for approval of the finance bigwig and soon a
Published 02 Jan, 2018 12:00am
MoF finalises consolidated fund, public accounts bill

MoF finalises consolidated fund, public accounts bill

The Ministry of Finance has finalized the ''Federal Consolidated Fund and Public Accounts (Maintenance and Operations) Bill, 2017'' for submission to the cabinet for approval. Sources said the draft law is ready for approval of the finance bigwig and soon
Published 02 Jan, 2018 12:00am
Non-residents: seven-day time limit prescribed for deduction at source

Non-residents: seven-day time limit prescribed for deduction at source

A seven-day time limit for income tax deduction at source to a non-resident has been prescribed by the Federal Board of Revenue (FBR) before the amount is intended to be remitted abroad to that non-resident through State Bank of Pakistan (SBP) or any bank
Published 02 Jan, 2018 12:00am
Non-residents: seven-day time limit prescribed for deduction at source

Non-residents: seven-day time limit prescribed for deduction at source

A seven-day time limit for income tax deduction at source to a non-resident has been prescribed by the Federal Board of Revenue (FBR) before the amount is intended to be remitted abroad to that non-resident through State Bank of Pakistan (SBP) or any bank
Published 02 Jan, 2018 12:00am
Non-residents: seven-day time limit prescribed for deduction at source

Non-residents: seven-day time limit prescribed for deduction at source

A seven-day time limit for income tax deduction at source to a non-resident has been prescribed by the Federal Board of Revenue (FBR) before the amount is intended to be remitted abroad to that non-resident through State Bank of Pakistan (SBP) or any bank
Published 02 Jan, 2018 12:00am
Circular debt soars to Rs 525 billion

Circular debt soars to Rs 525 billion

The country's circular debt has reached Rs 525 billion due to highly mismanaged power sector after top positions of public sector's power companies have been occupied by Power Ministry's officials, well- informed sources told Business Recorder. The
Published 02 Jan, 2018 12:00am
Circular debt soars to Rs 525 billion

Circular debt soars to Rs 525 billion

The country's circular debt has reached Rs 525 billion due to highly mismanaged power sector after top positions of public sector's power companies have been occupied by Power Ministry's officials, well- informed sources told Business Recorder. The
Published 02 Jan, 2018 12:00am
Circular debt soars to Rs 525 billion

Circular debt soars to Rs 525 billion

The country''s circular debt has reached Rs 525 billion due to highly mismanaged power sector after top positions of public sector''s power companies have been occupied by Power Ministry''s officials, well- informed sources told Business Recorder.
Published 02 Jan, 2018 12:00am
No amnesty for proceeds of crime
Exchange

No amnesty for proceeds of crime

For a while, the government has been mulling over a new amnesty scheme for Pakistanis holding assets abroad to encourage them to declare/bring back their wealth and get it legalised on payment of a nominal tax, replenishing the country's fast dwindling fo
Published 02 Jan, 2018 12:00am
Much ado about nothing?

Much ado about nothing?

Our politicians are a cut above when it comes to creating a hullaballoo out of what may turn out to be nothing. Shahbaz Sharif's visit to Saudi Arabia, facilitated by a special plane sent by the Kingdom, followed by Nawaz Sharif and Railways Minister Khwa
Published 02 Jan, 2018 12:00am
The new finance team
Exchange

The new finance team

Finally, a new Finance Team has been put in place. Congratulations are due to Dr Miftah Ismail for his appointment as the Adviser to the Prime Minister, with the status of Federal Minister, and to Rana Mohammad Afzal Khan, as Minister of State, both for F
Published 02 Jan, 2018 12:00am
The first drops of rain: a united Left platform

The first drops of rain: a united Left platform

Ten left-wing parties and groups met in Lahore on December 29, 2017 and decided to work together towards a new united Left platform. After a debate during the meeting, in which two points of view emerged regarding the project of pooling their resources to
Published 02 Jan, 2018 12:00am
The merit of demerit

The merit of demerit

Maulana Rumi's saying is "Demise of 1000 intelligent men will not be as disastrous as giving authority to one idiot". Sounds harsh but is true. Behind the rise and fall of families, companies or institutions are individuals who make or break the future an
Published 02 Jan, 2018 12:00am
'Do more' mantra

'Do more' mantra

Mr Donald Trump, please stop this "do more" non-sense. Asking Pakistan to do even more is just sickening. That is how you treat a non-Nato ally that has rendered unmatched sacrifices in the global war on terror so far in such an unjust and unfair manner.
Published 02 Jan, 2018 12:00am
Speakers underline importance of new social contract

Speakers underline importance of new social contract

Speakers at a seminar have underlined the need for a new social contract to turn Pakistan into a pluralistic society. Speaking at a seminar titled "Turning Diversity into Pluralism - Challenges and Way Forward," organized by Sustainable Development Policy
Published 02 Jan, 2018 12:00am
Chinese sanitation company team meets Karachi Mayor

Chinese sanitation company team meets Karachi Mayor

Mayor Karachi Wasim Akhtar said the city should be clean. Removal of garbage was responsibility of local bodies, however KMC encourage and welcome such endeavours that are aimed at making Karachi clean. Garbage backlog in the city was removed with the coo
Published 02 Jan, 2018 12:00am
Pakistani politicians denounce Trump's 'nothing but lies' tweet

Pakistani politicians denounce Trump's 'nothing but lies' tweet

The political leaders belonging to all parties strongly reacted to US President Donald Trump's statement, saying it is unacceptable because no country other than Pakistan has rendered such huge sacrifices in the war against terrorism. In a bizarre tweet,
Published 02 Jan, 2018 12:00am
Date for payment of WHT extended

Date for payment of WHT extended

The Federal Board of Revenue (FBR) has extended date for payment of reduced rate of withholding tax (0.4 percent) for non-filers up to June 30, 2018 under section 236P of the Income Tax Ordinance 2001. The Economic Coordination Committee (ECC) of the Cabi
Published 02 Jan, 2018 12:00am
AKU alumni give additional gift of $250,000 to endowment fund

AKU alumni give additional gift of $250,000 to endowment fund

Alumni and faculty members gathered to celebrate a landmark gift to the Aga Khan University: the MBBS Class of 1992's additional gift of $250,000 to the endowment fund previously established in 2012 to celebrate their 20th graduation anniversary.
Published 02 Jan, 2018 12:00am
545 Indian fishermen being freed
Exchange

545 Indian fishermen being freed

The Pakistani government handed over a list of 457 Indian civilians in Pakistani jails to the Indian High Commission on Monday, the Foreign announced. They include 399 fishermen. Another 146 Indian fishermen are going to be released on Saturday, it said.
Published 02 Jan, 2018 12:00am
Handicapped child Hasnain handed over to Pakistan
Currency

Handicapped child Hasnain handed over to Pakistan

A special child (Hasnain S/o Javed) has been repatriated through Attari/Wagah border on Monday. He was handed over to Pakistani authorities in the presence of officials of Pakistan High Commission. Hasnain was detained in Observation Home, Faridkot. He in
Published 02 Jan, 2018 12:00am
University's 'safe drive safe life pledge' campaign

University's 'safe drive safe life pledge' campaign

As part of its social responsibility, silver jubilee (1992-2017) year activities and under the stewardship of Vice Chancellor Professor Dr ShabibUl Hassan, Hamdard University (HU) launched its "Safe Drive Safe Life Pledge" Campaign during the last week.
Published 02 Jan, 2018 12:00am
Musharraf opposes Martial Law, fresh elections

Musharraf opposes Martial Law, fresh elections

Former President General Pervez Musharraf (r) has opposed the imposition of Martial Law or holding of fresh elections in the immediate future stressing for the establishment of an interim government to ensure checks and balances and setting the house in o
Published 02 Jan, 2018 12:00am
Solar power generation can be a viable option, KCCI research shows

Solar power generation can be a viable option, KCCI research shows

Solar power generation can still be considered as a viable option for saving money by reducing electricity generation. A consumer can shift his entire or partial electricity load on solar generation system either with battery backups or directly utilize s
Published 02 Jan, 2018 12:00am
Ismail Shah and Mudassir vying for slot of PTA chief

Ismail Shah and Mudassir vying for slot of PTA chief

A former chairman Pakistan Telecommunication Authority (PTA) and a sitting Member (Telecom) of the Ministry of Information Technology are the frontrunners for the slot of the PTA chairman. Well-placed sources revealed that both former Chairman PTA Ismail
Published 02 Jan, 2018 12:00am
2018 elections must be contested for corruption elimination: Sirajul Haq

2018 elections must be contested for corruption elimination: Sirajul Haq

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that the situation in the country warranted that all the political parties to contest the 2018 elections on the one point agenda of elimination of corruption. According to media cell of JI at Mansoor
Published 02 Jan, 2018 12:00am
Transporters being charged additional fees, illegal taxes in KP: PML-N

Transporters being charged additional fees, illegal taxes in KP: PML-N

Pakistan Muslim League- N local activists alleged the officials of transport authority for charging additional fees and illegal taxes from transporters, and demanded of the provincial government to take immediate action against the corrupt officials.
Published 02 Jan, 2018 12:00am
Many parts of country in grip of severe cold

Many parts of country in grip of severe cold

As Continental air is prevailing over most parts of the country, the weather remained dry and most parts of the country in grip of severe cold. The Met office recorded temperatures as follows:
Published 02 Jan, 2018 12:00am
American guitarist Todd Shea enthralls audience

American guitarist Todd Shea enthralls audience

Known American guitarist Timothy Todd Shea and Pashto singer and rabab maestro Shahid Malang along with the winners of the National Youth Carnival (NYC) singing competitors enthralled the audience at the Musical Night concert organized here at Nishtar Hal
Published 02 Jan, 2018 12:00am
Leather sector deserves attention of policymakers: Economy Watch

Leather sector deserves attention of policymakers: Economy Watch

The Pakistan Economy Watch (PEW) on Monday said Pakistan's leather sector can play its role in the national growth if it is patronized. The country has abundant raw leather which can help it become a leading player in the one trillion dollars global trade
Published 02 Jan, 2018 12:00am
Shaikh Rashid: Sharifs won't get NRO again

Shaikh Rashid: Sharifs won't get NRO again

Awami Muslim League (AML) President Sheikh Rasheed Ahmad has on Monday said that Sharif brothers will not get a National Reconciliation Ordinance (NRO) this time even if they visit all Arab countries. Talking to media, The AML chief said that it was disap
Published 02 Jan, 2018 12:00am
PAT finally registered as political party

PAT finally registered as political party

Pakistan Election Commission has registered Pakistan Awami Tehrik (PAT) of Dr Tahirul Qadri as a political party after the party's central secretary coordination Sajid Mahmood Bhatti provided necessary record of the party's central and provincial elected
Published 02 Jan, 2018 12:00am
Three security officials among eight injured in Chaman blasts

Three security officials among eight injured in Chaman blasts

At least eight people were injured, including three security officials in two separate bomb blasts in Chaman on Monday. The first attack, which injured two people, took place close to an under-construction building near special police branch office on Cha
Published 02 Jan, 2018 12:00am
SECP to provide postal ballot facility to companies
Exchange

SECP to provide postal ballot facility to companies

The Securities and Exchange Commission of Pakistan (SECP) will give facility to the companies to provide right to vote through postal ballot (voting through post or e-voting) to all members of the companies. The SECP has issued draft of the Companies (Pos
Published 02 Jan, 2018 12:00am
17 percent GST to be charged on motor spirit

17 percent GST to be charged on motor spirit

The Federal Board of Revenue (FBR) will charge 17 percent sales tax on motor spirit from January 01, 2018. The FBR has issued SRO 1331(I)/2017 here on Monday. Sales tax at the rate of 25.5 percent ad valorem would be charged on high speed diesel oil from
Published 02 Jan, 2018 12:00am
KP Tevta revives two closed technical training centres

KP Tevta revives two closed technical training centres

Technical Education and Vocational Training Authority (TEVTA) Khyber Pakhtunkhwa has revived two closed technical training centres at Akora Khattak and Peshawar. The centres were closed some twenty years back. This was told during a meeting of the KP TEVT
Published 02 Jan, 2018 12:00am
Japanese minister due tomorrow
Exchange

Japanese minister due tomorrow

Minister for Foreign Affairs of Japan, Taro Kono will visit Pakistan on January 3 and 4, 2018, Foreign Office said on Monday. During the visit, he will hold wide ranging talks with Foreign Minister Khawaja Asif on bilateral issues. Both sides will also ex
Published 02 Jan, 2018 12:00am
UET Peshawar's Dir Upper campus: ground-breaking ceremony held

UET Peshawar's Dir Upper campus: ground-breaking ceremony held

Khyber Pakhtunkhwa Senior Minister for Local Government and Rural Development Innayatullah Khan performed the groundbreaking ceremony of Dir (Upper) Campus of UET Peshawar at Upper Dir as chief guest on Monday. The new campus would be a full-fledge satell
Published 02 Jan, 2018 12:00am
Pakistan condemns terrorist attacks in Afghanistan

Pakistan condemns terrorist attacks in Afghanistan

Pakistan strongly condemns the terrorist attacks in the Afghan city of Jalalabad and the northern province of Balkh. We are grieved at the loss of precious lives and express our heartfelt condolences with the bereaved families and pray for the speedy reco
Published 02 Jan, 2018 12:00am
LCCI concerned over impact of the hike in POL prices

LCCI concerned over impact of the hike in POL prices

The Lahore Chamber of Commerce and Industry (LCCI) has expressed dismay over hike in POL prices and expressed apprehensions over ill impact on the national economy. "The Lahore Chamber rejects POL price hike and logic for this initiative given by the Mini
Published 02 Jan, 2018 12:00am
No one knows what is 'cooking,' says Zardari

No one knows what is 'cooking,' says Zardari

Pakistan People's Party Co-chairman Asif Ali Zardari said on Monday that an agreement might be 'cooking' in the country. He was commenting on the visit of Sharif brothers to Saudi Arabia. Zardari said this after visiting residence of Javed Akhtar, a senio
Published 02 Jan, 2018 12:00am
Wynne laid to rest in Lahore

Wynne laid to rest in Lahore

Former Joint Chiefs of Staff Committee Chairman General Khalid Shamim Wynne was laid to rest here on Monday. His Namaz-e-Janaza was attended by the Chief of Army Staff General Qamar Javed Bajwa, former president Asif Ali Zardari and former army chief Gene
Published 02 Jan, 2018 12:00am
FDPT to be restored on sustainable basis: minister
Exchange

FDPT to be restored on sustainable basis: minister

Faisalabad Dry Port Trust (FDPT) is an important export related institution of textile capital and best efforts would be made to restore its vibrancy on sustained basis said former textile Minister Mushtaq Ali Cheema. Talking to a group of journalist afte
Published 02 Jan, 2018 12:00am
GCUL completes 154 years of its academic journey

GCUL completes 154 years of its academic journey

The Government College University Lahore (GCUL), one of the oldest seats of higher learning in Pakistan, Monday completed 154 years of its academic journey. Founded on January 1, 1864 in the Haveli of Raja Dhyan Singh in the Walled City Lahore as liberal
Published 02 Jan, 2018 12:00am
Sanaullah says Sharifs discussing Muslim world issues with Saudis

Sanaullah says Sharifs discussing Muslim world issues with Saudis

Punjab Law Minister Rana Sanaullah said on Monday that former prime minister Nawaz Sharif and Punjab Chief Minister Shahbaz Sharif are discussing the Muslim World's issues during their visit to Saudi Arabia. Talking to the media, he asserted Sharif brothe
Published 02 Jan, 2018 12:00am
Hike in POL prices: PTI submits resolution in PA

Hike in POL prices: PTI submits resolution in PA

Pakistan Tehreek-e-Insaf (PTI) on Monday submitted a resolution against recent increase of Rs 4.06 in petroleum products' prices in Punjab Assembly. The resolution tabled by PTI's Sadia Sohail demanded of the government to immediately withdraw the decisio
Published 02 Jan, 2018 12:00am
Pakistan's first hackthon planned in Lahore

Pakistan's first hackthon planned in Lahore

In the run-up to the Momentum Tech Conference to be held in the third of week of February in Karachi, Abacus Consulting with the Momentum Pakistan is launching the first ever API (application programming interface) hackathon - APIthon - in Lahore on Janua
Published 02 Jan, 2018 12:00am
People won't accept any deal made to save Sharifs, says PTI politician

People won't accept any deal made to save Sharifs, says PTI politician

Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry on Monday raised objection over the Sharif brothers' visit to Saudi Arabia, saying people will not accept any deal made to save them. While addressing a news conference, here on Monday, Fawad said the S
Published 02 Jan, 2018 12:00am
IMF programme was not collusive
Exchange

IMF programme was not collusive

In an opinion piece in this paper, while reflecting on the incipient financial crisis emanating from an imbalance in the external account, Dr Hafiz Pasha has opined that 'the IMF Staff Mission not only colluded in accepting the manipulated statistics but
Published 02 Jan, 2018 12:00am
Israel finds 2,700-year-old 'governor of Jerusalem' seal

Israel finds 2,700-year-old 'governor of Jerusalem' seal

Israeli archaeologists unveiled on Monday a 2,700-year-old clay seal imprinted with images and Hebrew words that may have belonged to a biblical governor of Jerusalem. The round button-sized seal was found in a building in Jerusalem's Old City near the We
Published 02 Jan, 2018 12:00am
Assad replaces defence minister

Assad replaces defence minister

Syrian President Bashar al-Assad replaced his defence minister for the first time since 2012 as part of a government reshuffle announced by the state news agency SANA on Monday. "President Assad issued a decree, the first of 2018, naming General Ali Abdul
Published 02 Jan, 2018 12:00am
Bulgaria takes over revolving EU presidency

Bulgaria takes over revolving EU presidency

Bulgaria, the European Union's poorest member state, on Monday took over the bloc's six-month revolving presidency with the ongoing migrant crisis and Brexit among the top items on its agenda. "Bulgaria will take charge of the EU presidency at a key momen
Published 02 Jan, 2018 12:00am
Israel charges Palestinian woman in viral 'slap video'

Israel charges Palestinian woman in viral 'slap video'

Israeli authorities have filed charges against a Palestinian woman after a video showing her and her cousin slapping and kicking two Israeli soldiers in the occupied West Bank went viral. Nour Tamimi, 20, had on December 15 along with Ahed Tamimi, 16, acc
Published 02 Jan, 2018 12:00am
Storm cuts power to 65,000 households in western France

Storm cuts power to 65,000 households in western France

Winter storm Carmen has cut power to about 65,000 households in western France and is moving south, power grid company Enedis said on Monday. Earlier on Monday, some 40,000 households in the Brittany region experienced power cuts but 30,000 have now been
Published 02 Jan, 2018 12:00am
Costa Rica plane crash kills 12, including 10 US citizens

Costa Rica plane crash kills 12, including 10 US citizens

A plane crash in Costa Rica on Sunday killed 10 US citizens and two local pilots, the Costa Rican government said. The cause of the crash was not yet known, the country's security ministry said. It took place in the mountainous area of Punta Islita, which
Published 02 Jan, 2018 12:00am
Don't extinguish migrants' hopes, Pope says on World Day of Peace

Don't extinguish migrants' hopes, Pope says on World Day of Peace

Pope Francis described migrants and refugees as the world's "weakest and most needy" on Monday, using his traditional New Year's address to "give voice" to people he has urged leaders to do more to help. Francis reminded some 40,000 people who gathered in
Published 02 Jan, 2018 12:00am
Hi-Tech Lubricants Limited
Mutual Funds

Hi-Tech Lubricants Limited

Hi-Tech Lubricants Limited (PSX: HTL) has been marketing lubricants in Pakistan for the past two decades. The firm has been involved in the sale of imported lubricants, greases, specialty oils etc. manufactured by S.K Lubricants, Korea under the brand nam
Published 02 Jan, 2018 12:00am
PPP has no political alliance with Qadri: Aitzaz Ahsan

PPP has no political alliance with Qadri: Aitzaz Ahsan

Pakistan Peoples Party (PPP) leader Aitzaz Ahsan said on Monday that his party has not entered into a political alliance with Qadri's Pakistan Awami Tehreek and only attended the moot to express solidarity with the 2014 Model Town incident victims. It may
Published 02 Jan, 2018 12:00am
Farmers advised to sow sunflower in January

Farmers advised to sow sunflower in January

Punjab Agriculture Department has advised the farmers to sow sunflower in January to reap the benefits of more production. "Sunflower is a fast growing crop that can be planted in between planting seasons. Sunflower is also tolerant to a wide variety of s
Published 02 Jan, 2018 12:00am
PRA collects Rs 49.5 billion in first half of fiscal year 2018

PRA collects Rs 49.5 billion in first half of fiscal year 2018

The Punjab Revenue Authority (PRA) has collected Rs 49.5 billion during the first half of current fiscal comparing with Rs 36.5 billion during the corresponding period. It was disclosed during a meeting to review half-yearly target which was chaired by Me
Published 02 Jan, 2018 12:00am
Education is the key to progress: PM

Education is the key to progress: PM

Prime Minister Shahid Khaqan Abbasi Monday terming education the key to progress said the pursuit of knowledge must continue regardless of age. He expressed these views in a meeting with students of Rashidabad City of Education and Healthcare, at Prime Mi
Published 02 Jan, 2018 12:00am
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