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Print - 2018-03-13
Jinnah Interchange in Gujranwala opens

Jinnah Interchange in Gujranwala opens

Jinnah Interchange in Gujranwala city constructed at the cost of Rs 8 billion has been opened to all kind of traffic. It is amongst the biggest flyovers in Punjab. It is a two-lane flyover on either side having a length of 1.755km and width of 17m. The fl
Published 13 Mar, 2018 12:00am
'Legion of Merit': Air Chief Marshal Sohail Aman conferred US award

'Legion of Merit': Air Chief Marshal Sohail Aman conferred US award

Air Chief Marshal Sohail Aman was awarded the Legion of Merit, the highest military award of US armed forces presented to any foreign military high official, on Monday. US Air Forces Central Command, Southwest Asia, Commander Lieutenant General Jeffrey L
Published 13 Mar, 2018 12:00am
PM expresses satisfaction over fee reimbursement scheme's success

PM expresses satisfaction over fee reimbursement scheme's success

Prime Minister Shahid Khaqan Abbasi on Monday expressed his satisfaction over the success of Prime Minister's Fee Reimbursement Scheme and praised the enthusiasm of the young scholars. He urged the students to contribute maximum for the socio-economic dev
Published 13 Mar, 2018 12:00am
Contempt petition: LHC issues notice to tax authorities

Contempt petition: LHC issues notice to tax authorities

Lahore High Court (LHC) has issued a notice to tax authorities of the Federal Board of Revenue (FBR) in a contempt of court petition for non-implementation on an order passed by the LHC. It is reliably learnt that contempt petition has been moved by a Guj
Published 13 Mar, 2018 12:00am
Pesco devises strategy to recover dues

Pesco devises strategy to recover dues

Peshawar Electric Supply Company (Pesco) has chalked out a strategy to recover outstanding dues against the federal and provincial government departments This was stated during a meeting chaired by Pesco Chief Executive, Engineer Zakaullah Khan Gandapur h
Published 13 Mar, 2018 12:00am
12 die in Balochistan road accidents

12 die in Balochistan road accidents

At least 12 people died and more than 20 others injured in separate road accidents in various districts of Balochistan on Monday.Rescue sources said that a passenger coach collided with car near Bela in tehsil Hub of Lasbela district of Balochistan.
Published 13 Mar, 2018 12:00am
Karachi being transformed into more livable city: CM

Karachi being transformed into more livable city: CM

Sindh Chief Minister Syed Murad Ali Shah has said his government is making earnest efforts for transforming Karachi into a more livable, green and resilient metropolitan city.
Published 13 Mar, 2018 12:00am
Name of Linde Pakistan Limited changed
Exchange

Name of Linde Pakistan Limited changed

The name of Linde Pakistan Limited, a company listed on Pakistan Stock Exchange has been changed as Pakistan Oxygen Limited. The National Clearing Company of Pakistan Limited has assigned a new Security Symbol ie "PAKOXY" to M/s Pakistan Oxygen Limited in
Published 13 Mar, 2018 12:00am
Pak Oman excels in loan portfolio
Exchange

Pak Oman excels in loan portfolio

The 88th meeting of the Board of Directors of Pak Oman Investment Company (Pak Oman) was recently held in Karachi, which was chaired by His Excellency Yahya Al-Jabri. Bahauddin Khan, Managing Director Pak Oman, updated the Board of Directors regarding the
Published 13 Mar, 2018 12:00am
LCCI, PMCL sign memo

LCCI, PMCL sign memo

The Lahore Chamber of Commerce and Industry (LCCI) and Pakistan Mobile Communication Limited (PMCL) on Monday signed a Memorandum of Understanding (MoU) to promote business relationship. Under the memorandum, PMCL will extend its services on concession ra
Published 13 Mar, 2018 12:00am
10 air-conditioned buses to hit Karachi roads soon

10 air-conditioned buses to hit Karachi roads soon

A fleet of 10 air -conditioned buses will hit the Karachi roads, under Karachi Regional Transport Authority's Benazir Intra-City Pilot Bus Project in next few days. RTA Secretary, Nazar Hussain Shahani in a briefing to the Authority's board members Monday
Published 13 Mar, 2018 12:00am
Sindh Assembly irked by absence of ministers

Sindh Assembly irked by absence of ministers

Sindh Assembly was dismayed over absence of many provincial ministers due to which eight call-attention notices got no answer and disposed-off within 10 minutes during Monday session. As many as eight call-attention notices were tabled to seek answers fro
Published 13 Mar, 2018 12:00am
PBIF president speaks about Sahiwal's industrial potential
Cotton

PBIF president speaks about Sahiwal's industrial potential

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has urged the MNAs and MPAs from Sahiwal to take measures for the betterment of their constituency in accordance with the recommendations of Sahiwal Chamber of Commerce an
Published 13 Mar, 2018 12:00am
Plan to promote kitchen gardening culture in Punjab

Plan to promote kitchen gardening culture in Punjab

Punjab Agriculture department has sold 50,000 summer vegetable seed kits on subsides rate across the province. Sources in Agriculture department told Business Recorder on Monday that government was very keen to promote kitchen gardening to enable t
Published 13 Mar, 2018 12:00am
PTI MNA, PM's son had nothing better to do than brawl in Senate

PTI MNA, PM's son had nothing better to do than brawl in Senate

PTI MNA Hamidul Haq and son of Prime Minister Shahid Khaqan Abbasi brawled on Monday in the Senate after the former chanted slogans in favour of his party chairman the moment opposition-backed independent candidate for top slot of chairman Senate was decl
Published 13 Mar, 2018 12:00am
Shoe attack: three accused sent to 14-day judicial remand

Shoe attack: three accused sent to 14-day judicial remand

A city magistrate on Monday sent to jail to three person accused of throwing shoe at Nawaz Sharif on 14-day judicial remand. Qila Gujjar Singh police produced three accused Abdul Ghafoor, Munawr Hussain and Muhammad Sajid over charges of hurling shoe at N
Published 13 Mar, 2018 12:00am
Acting US CG welcomes 'English Works' students

Acting US CG welcomes 'English Works' students

Acting Consul General John Warner welcomed 175 newly enrolled students to the six month "English Works" Programme in Karachi on March 11. The programme, funded through United States Government's Regional English Language Programmes Office, focuses on enha
Published 13 Mar, 2018 12:00am
PITB & ITU to start digitizing historical archives

PITB & ITU to start digitizing historical archives

Punjab Information Technology Board (PITB) and Information Technology University (ITU) the Punjab, are jointly collaborating with the Punjab Archives and Libraries Department and Columbia University's Group for Experimental Methods in the Humanities to st
Published 13 Mar, 2018 12:00am
NAB told to stop harassing PTI's Aleem

NAB told to stop harassing PTI's Aleem

The Lahore High Court on Monday directed National Accountability Bureau (NAB) to stop harassing Abdul Aleem Khan of Pakistan Tehreek-e-Insaf (PTI) and directed the petitioner to cooperate with the NAB. Aleem Khan had challenged an inquiry initiated by the
Published 13 Mar, 2018 12:00am
Universities curriculum: HEC working to include human rights as subject

Universities curriculum: HEC working to include human rights as subject

Director, Human Rights , Ministry of Human Rights (MoHRs), Ghulam Ali has said that Higher Education Commission (HEC) is working on the inclusion of the subject of Human Rights in the curriculum of all universities in the country. He was addressing a semi
Published 13 Mar, 2018 12:00am
PTI: ECP forms body to probe foreign funding

PTI: ECP forms body to probe foreign funding

The Election Commission of Pakistan (ECP) Monday constituted a committee to investigate foreign funding of Pakistan Tehreek-e-Insaf. A three-member panel, led by ECP Director-General Law Muhammad Arshad, has been directed to submit its report to the Commi
Published 13 Mar, 2018 12:00am
Trade bodies declare Dar best finance minister

Trade bodies declare Dar best finance minister

Glowing tributes were paid to former federal finance minister Ishaq Dar by All Pakistan Anjuman-e-Tajiran here on Monday with appealing judiciary to decide Ishaq Dar's case on merit without any delay.
Published 13 Mar, 2018 12:00am
Global warming: government urged to take immediate steps

Global warming: government urged to take immediate steps

While highlighting serious threats posed by climate change and global warming, scientists have urged the government to take immediate steps in managing the problems being faced by the people.
Published 13 Mar, 2018 12:00am
'PPP achieves target of securing Chairman Senate seat'

'PPP achieves target of securing Chairman Senate seat'

President Pakistan People's Party (PPP) Punjab Qamar Zaman Kaira said on Monday that the PPP had achieved the target of securing Chairman Senate seat with the help of its allies. He was talking to media after the victory of Sadiq Sanjrani as Chairman Sena
Published 13 Mar, 2018 12:00am
Zardari congratulates Sanjrani, Mandviwalla

Zardari congratulates Sanjrani, Mandviwalla

President Pakistan Peoples Party Parliamentarians, Asif Ali Zardari has congratulated Mir Sadiq Sanjrani and Saleem Mandviwalla on their election as chairman and deputy chairman Senate respectively. Asif Ali Zardari said that election of chairman Senate f
Published 13 Mar, 2018 12:00am
Pakistan ready to strengthen partnership with IAEA: PM

Pakistan ready to strengthen partnership with IAEA: PM

Prime Minister Shahid Khaqan Abbasi Monday said with decades of experience in the use of nuclear technology for peaceful purposes, Pakistan was ready to further strengthen partnership with the International Atomic Energy Agency and contribute towards the
Published 13 Mar, 2018 12:00am
Imam-e-Ka'aba meets CoAS

Imam-e-Ka'aba meets CoAS

Imam-e-Kaaba Sheikh Saleh bin Muhammad Al Talib had a meeting with Army Chief General Qamar Javed Bajwa in Rawalpindi on Monday. They discussed matters of mutual interest. Speaking on the occasion, the Imam-e-Kaaba said Pakistan had a significant place in
Published 13 Mar, 2018 12:00am
President for steps to counter 'Islamophobia'

President for steps to counter 'Islamophobia'

President Mamnoon Hussain on Monday proposed a system for the rehabilitation and support of people suffering due to unrest and instability in different parts of the Islamic World and said the whole Muslim Ummah, including Pakistan and Saudi Arabia, should
Published 13 Mar, 2018 12:00am
ANP congratulates Sanjrani

ANP congratulates Sanjrani

General Secretary, ANP Mian Iftikhar Hussain on Monday said that a conspiracy is being hatched to continue confrontation among the institutes, saying that if all constitutional institutes continues to work within their ambit then tthe situation can be imp
Published 13 Mar, 2018 12:00am
Pakistan grieved

Pakistan grieved

The people and government of Pakistan are deeply saddened at the tragic crash of passenger aircraft of Bangladesh, resulting in the loss of precious lives. "We convey our deepest sympathies and heartfelt condolences to the bereaved families of the departe
Published 13 Mar, 2018 12:00am
PML-N to elect its new president today

PML-N to elect its new president today

Pakistan Muslim League-Nawaz (PML-N) has finally convened its central general council meeting Tuesday to elect its new president after the disqualification of Nawaz Sharif as the party chief last month. According to PML-N media office, the party's general
Published 13 Mar, 2018 12:00am
SC to indict Nehal on March 26

SC to indict Nehal on March 26

The Supreme Court (SC) Monday decided to indict former senator of Pakistan Muslim League-Nawaz (PML-N), Nehal Hashmi, on March 26 for using abusive language against judges. The PML-N leader appeared before a three-judge bench, headed by Chief Justice Mian
Published 13 Mar, 2018 12:00am
The Weather

The Weather

The weather report on Monday (March 12, 2018) and the forecast for Tuesday (March 13, 2018).

Published 13 Mar, 2018 12:00am
Judiciary and a country's economy

Judiciary and a country's economy

Business Recorder op-ed writer Wajid Jawad has echoed the sentiments of millions of Pakistanis by stating that "It was a sigh of great relief for people of Pakistan to see the decision of a 3-member bench of Supreme Court headed by the Chief Justic
Published 13 Mar, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (March 12, 2018).

Published 13 Mar, 2018 12:00am
The winners in Afghanistan - cricket, Coke & Karzai

The winners in Afghanistan - cricket, Coke & Karzai

In 1963, I returned to Pakistan after a year in California under the American Field Service (AFS) programme. I joined the prestigious Edwardes College in Peshawar. Across the border, Kabul was a swinging city. It was the epicenter of the hippy movement. T
Published 13 Mar, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (March 12, 2018).

Published 13 Mar, 2018 12:00am
The 'saviour' complex

The 'saviour' complex

The raging controversy regarding judicial overreach and intrusion into the spheres of the executive and parliament needs to be located in the trajectory of judicial activism since the restored Chief Justice of Pakistan (CJP) Iftikhar Chaudhry's court. It
Published 13 Mar, 2018 12:00am
The extent of gender inequality

The extent of gender inequality

The International Women's Day was celebrated on the 8th of March. This is an opportune time to assess the state of gender inequality in Pakistan. There is a fairly common perception, both locally and internationally, that the economic, social and politica
Published 13 Mar, 2018 12:00am
Mainstreaming proxies

Mainstreaming proxies

Jamaat ud Dawa (JuD) chief Hafiz Mohammad Saeed has challenged in the Islamabad High Court (IHC) the presidential Ordinance promulgated last month amending the Anti-Terrorism Act 1997 to allow proscription of terrorist individuals and organisations on the
Published 13 Mar, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (March 12, 2018).

Published 13 Mar, 2018 12:00am
Special economic zones
Cotton

Special economic zones

The Board of Investment (BoI) has approved and notified seven special economic zones (SEZs) at specific locations and each SEZ has been further earmarked for specific industries. In Sindh, three have been approved and notified - (i) Khairpur (140 acres) f
Published 13 Mar, 2018 12:00am
Four killed in attack on Iran military checkpoint

Four killed in attack on Iran military checkpoint

Four "terrorists" were killed after infiltrating Iran and attacking a military checkpoint in a southeastern border area, officials said on Monday. The attack took place on Sunday near the city of Saravan, about 50 kilometres (30 miles) from the Pakistani
Published 13 Mar, 2018 12:00am
Four killed in attack on Iran military checkpoint

Four killed in attack on Iran military checkpoint

Four "terrorists" were killed after infiltrating Iran and attacking a military checkpoint in a southeastern border area, officials said on Monday. The attack took place on Sunday near the city of Saravan, about 50 kilometres (30 miles) from the Pakistani
Published 13 Mar, 2018 12:00am
49 dead in Nepal's worst plane crash in decades

49 dead in Nepal's worst plane crash in decades

Forty-nine people were killed when a Bangladeshi plane crashed and burst into flames near Kathmandu airport on Monday, in the worst aviation disaster to hit Nepal in nearly three decades. Officials said there were 71 people on board the US-Bangla Airlines
Published 13 Mar, 2018 12:00am
49 dead in Nepal's worst plane crash in decades

49 dead in Nepal's worst plane crash in decades

Forty-nine people were killed when a Bangladeshi plane crashed and burst into flames near Kathmandu airport on Monday, in the worst aviation disaster to hit Nepal in nearly three decades. Officials said there were 71 people on board the US-Bangla Airlines
Published 13 Mar, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (March 12, 2018)

Published 13 Mar, 2018 12:00am
Kashmir is part of Pakistan: Imam-e-Ka'aba

Kashmir is part of Pakistan: Imam-e-Ka'aba

Imam of Kaaba Dr Saleh bin Muhammad Al-Talib met the Speaker National Assembly of Pakistan in Parliament House on Monday and admired Pakistan's role for maintaining peace in the region. Talking to the Speaker, the Imam expressed immense pleasure on his vi
Published 13 Mar, 2018 12:00am
Kashmir is part of Pakistan: Imam-e-Ka'aba

Kashmir is part of Pakistan: Imam-e-Ka'aba

Imam of Kaaba Dr Saleh bin Muhammad Al-Talib met the Speaker National Assembly of Pakistan in Parliament House on Monday and admired Pakistan's role for maintaining peace in the region. Talking to the Speaker, the Imam expressed immense pleasure on his vi
Published 13 Mar, 2018 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (March 12, 2018).

Published 13 Mar, 2018 12:00am
SC decides to proceed against TV anchorperson

SC decides to proceed against TV anchorperson

Rejecting TV anchorperson Dr Shahid Masood's reply in a contempt of court case, the Supreme Court decided on Monday to proceed against him. Dr Masood in compliance with the Supreme Court's order on Saturday last filed his reply wherein he stated: "I highl
Published 13 Mar, 2018 12:00am
SC decides to proceed against TV anchorperson

SC decides to proceed against TV anchorperson

Rejecting TV anchorperson Dr Shahid Masood's reply in a contempt of court case, the Supreme Court decided on Monday to proceed against him. Dr Masood in compliance with the Supreme Court's order on Saturday last filed his reply wherein he stated: "I highl
Published 13 Mar, 2018 12:00am
HEC chairman: NAB chief orders probe against Nawaz

HEC chairman: NAB chief orders probe against Nawaz

National Accountability Bureau (NAB) on Monday ordered probe against former Prime Minister Nawaz Sharif and an officer of Establishment Division regarding alleged illegal appointment of chairman Higher Education Commission (HEC). An official of NAB said t
Published 13 Mar, 2018 12:00am
HEC chairman: NAB chief orders probe against Nawaz

HEC chairman: NAB chief orders probe against Nawaz

National Accountability Bureau (NAB) on Monday ordered probe against former Prime Minister Nawaz Sharif and an officer of Establishment Division regarding alleged illegal appointment of chairman Higher Education Commission (HEC). An official of NAB said t
Published 13 Mar, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 12, 2018).

Published 13 Mar, 2018 12:00am
BRIndex100 gains 52.18 points
Exchange

BRIndex100 gains 52.18 points

Fresh buying by both local and foreign investors supported the Pakistan Stock Exchange to close on a positive note Monday. BRIndex100 gained 52.18 points or 1.13 percent to close at 4,669.93 points. BRIndex100 touched intraday high of 4,677.43 and intrada
Published 13 Mar, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 12, 2018).

Published 13 Mar, 2018 12:00am
BRIndex100 gains 52.18 points
Exchange

BRIndex100 gains 52.18 points

Fresh buying by both local and foreign investors supported the Pakistan Stock Exchange to close on a positive note Monday. BRIndex100 gained 52.18 points or 1.13 percent to close at 4,669.93 points. BRIndex100 touched intraday high of 4,677.43 and intrada
Published 13 Mar, 2018 12:00am
BRIndex100 gains 52.18 points
Exchange

BRIndex100 gains 52.18 points

Fresh buying by both local and foreign investors supported the Pakistan Stock Exchange to close on a positive note Monday. BRIndex100 gained 52.18 points or 1.13 percent to close at 4,669.93 points. BRIndex100 touched intraday high of 4,677.43 and intrada
Published 13 Mar, 2018 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar on the money market on Monday in the process of trading activity, experts said. The rupee shed two paisas versus the dollar for buying and selling at Rs 110.57 and Rs 110.58 respectively, they said.
Published 13 Mar, 2018 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar on the money market on Monday in the process of trading activity, experts said. The rupee shed two paisas versus the dollar for buying and selling at Rs 110.57 and Rs 110.58 respectively, they said.
Published 13 Mar, 2018 12:00am
Procurement, export of sugar Plan scrapped on mills'' refusal

Procurement, export of sugar Plan scrapped on mills'' refusal

The Federal government has reportedly scrapped 0.3 million tons of sugar procurement and export plan after sugar mills refused to sell sugar at Rs 48 per kg on the plea that this will be a blatant violation of PPRA rules, well-informed sources told Bus
Published 13 Mar, 2018 12:00am
Procurement, export of sugar Plan scrapped on mills' refusal

Procurement, export of sugar Plan scrapped on mills' refusal

The Federal government has reportedly scrapped 0.3 million tons of sugar procurement and export plan after sugar mills refused to sell sugar at Rs 48 per kg on the plea that this will be a blatant violation of PPRA rules, well-informed sources told Bus
Published 13 Mar, 2018 12:00am
Procurement, export of sugar Plan scrapped on mills' refusal

Procurement, export of sugar Plan scrapped on mills' refusal

The Federal government has reportedly scrapped 0.3 million tons of sugar procurement and export plan after sugar mills refused to sell sugar at Rs 48 per kg on the plea that this will be a blatant violation of PPRA rules, well-informed sources told Bus
Published 13 Mar, 2018 12:00am
EU slams trade ''bullies'' as Trump tariffs row deepens

EU slams trade ''bullies'' as Trump tariffs row deepens

The EU on Monday said Europe would not waver against trade "bullies" as a row with US President Donald Trump over controversial steel and aluminium tariffs deepened. The jab from Brussels came after the US tycoon singled out Europe in the surging trade di
Published 13 Mar, 2018 12:00am
EU slams trade 'bullies' as Trump tariffs row deepens

EU slams trade 'bullies' as Trump tariffs row deepens

The EU on Monday said Europe would not waver against trade "bullies" as a row with US President Donald Trump over controversial steel and aluminium tariffs deepened. The jab from Brussels came after the US tycoon singled out Europe in the surging trade di
Published 13 Mar, 2018 12:00am
EU slams trade 'bullies' as Trump tariffs row deepens

EU slams trade 'bullies' as Trump tariffs row deepens

The EU on Monday said Europe would not waver against trade "bullies" as a row with US President Donald Trump over controversial steel and aluminium tariffs deepened. The jab from Brussels came after the US tycoon singled out Europe in the surging trade di
Published 13 Mar, 2018 12:00am
Iran will not let its territory be used against Pakistan: Zarif
Exchange

Iran will not let its territory be used against Pakistan: Zarif

Iranian Foreign Minister Javad Zarif Monday categorically declared that his country would never allow its territory to be used against Pakistan, suggesting a new paradigm for the region based on "neighborhood networking" instead of creating "alliances." T
Published 13 Mar, 2018 12:00am
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