AGL 37.72 Decreased By ▼ -0.22 (-0.58%)
AIRLINK 168.65 Increased By ▲ 13.43 (8.65%)
BOP 9.09 Increased By ▲ 0.02 (0.22%)
CNERGY 6.85 Increased By ▲ 0.13 (1.93%)
DCL 10.05 Increased By ▲ 0.52 (5.46%)
DFML 40.64 Increased By ▲ 0.33 (0.82%)
DGKC 93.24 Increased By ▲ 0.29 (0.31%)
FCCL 37.92 Decreased By ▼ -0.46 (-1.2%)
FFBL 78.72 Increased By ▲ 0.14 (0.18%)
FFL 13.46 Decreased By ▼ -0.14 (-1.03%)
HUBC 114.10 Increased By ▲ 3.91 (3.55%)
HUMNL 14.95 Increased By ▲ 0.06 (0.4%)
KEL 5.75 Increased By ▲ 0.02 (0.35%)
KOSM 8.23 Decreased By ▼ -0.24 (-2.83%)
MLCF 45.49 Decreased By ▼ -0.17 (-0.37%)
NBP 74.92 Decreased By ▼ -1.25 (-1.64%)
OGDC 192.93 Increased By ▲ 1.06 (0.55%)
PAEL 32.24 Increased By ▲ 1.76 (5.77%)
PIBTL 8.57 Increased By ▲ 0.41 (5.02%)
PPL 167.38 Increased By ▲ 0.82 (0.49%)
PRL 31.01 Increased By ▲ 1.57 (5.33%)
PTC 22.08 Increased By ▲ 2.01 (10.01%)
SEARL 100.83 Increased By ▲ 4.21 (4.36%)
TELE 8.45 Increased By ▲ 0.18 (2.18%)
TOMCL 34.84 Increased By ▲ 0.58 (1.69%)
TPLP 11.24 Increased By ▲ 1.02 (9.98%)
TREET 18.63 Increased By ▲ 0.97 (5.49%)
TRG 60.74 Decreased By ▼ -0.51 (-0.83%)
UNITY 31.98 Increased By ▲ 0.01 (0.03%)
WTL 1.61 Increased By ▲ 0.14 (9.52%)
BR100 11,289 Increased By 73.1 (0.65%)
BR30 34,140 Increased By 489.6 (1.45%)
KSE100 105,104 Increased By 545.3 (0.52%)
KSE30 32,554 Increased By 188.3 (0.58%)
Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-03-21
Bouchard passes first test in Miami qualifying

Bouchard passes first test in Miami qualifying

Canadian Eugenie Bouchard beat American wildcard Allie Kiick 6-2 6-2 to be among a parade of former top 20 players to win their first round qualifying matches at the Miami Open on Monday. Bouchard, a former Wimbledon finalist who has fallen outside the to
Published 21 Mar, 2018 12:00am
Cycling launches fresh bid to root out mechanical dopers

Cycling launches fresh bid to root out mechanical dopers

The International Cycling Union (UCI) will Wednesday unveil a beefed-up set of measures and an arsenal of methods to detect so-called mechanical doping. When Frenchman David Lappartient took over the UCI in September, he promised to deliver a package of m
Published 21 Mar, 2018 12:00am
Rashid insists that Afghan World Cup hopes still alive

Rashid insists that Afghan World Cup hopes still alive

Rashid Khan insisted that "anything can happen" and that Afghanistan are still holding hopes of qualifying for next year's World Cup in England and Wales, after beating the United Arab Emirates by five wickets on Tuesday. Rashid took five for 41 as the UA
Published 21 Mar, 2018 12:00am
ICC overturns ban, clears Rabada to play third Test

ICC overturns ban, clears Rabada to play third Test

South Africa fast bowler Kagiso Rabada has been cleared to play the remainder of the Test series against Australia having won his appeal against a Level Two breach of the International Cricket Council's (ICC) code of conduct. Rabada had his punishment for
Published 21 Mar, 2018 12:00am
20 dead as powerful storm hits Madagascar

20 dead as powerful storm hits Madagascar

A powerful tropical storm that lashed the island of Madagascar has left 20 people dead and affected 19,000 more, according to an official toll. The storm also closed several national highways that were flooded by the heavy rain, the country's disaster man
Published 21 Mar, 2018 12:00am
Two hurt, shooter dead at Maryland high school: sheriff

Two hurt, shooter dead at Maryland high school: sheriff

A student armed with a handgun wounded two classmates at a Maryland high school on Tuesday, officials said, in an outburst of campus violence just days before a student-organized nationwide march for gun control. The shooter, who was not identified, has d
Published 21 Mar, 2018 12:00am
Rebel rocket fire kills 29 in Damascus suburb: state TV

Rebel rocket fire kills 29 in Damascus suburb: state TV

Rebel rocket fire on a market in a Damascus suburb killed 29 people Tuesday, Syrian state television said. The rocket fire by "terrorist groups" also wounded 23 people in the Jaramana area east of Damascus, state television cited a police official as sayi
Published 21 Mar, 2018 12:00am
Syria forces battle to secure Damascus

Syria forces battle to secure Damascus

Syrian regime and allied forces battled to suppress the last pockets of resistance in and around Damascus Tuesday, while the beleaguered Kurds in the north braced for further Turkish advances. The simultaneous assaults have sparked one of the worst humani
Published 21 Mar, 2018 12:00am
Erdogan tells US to end 'deception' on Syria

Erdogan tells US to end 'deception' on Syria

President Recep Tayyip Erdogan on Tuesday told the US to stop "deceiving" Turkey and start cooperation, after Washington said it was concerned by the Turkish-led offensive on the Syrian city of Afrin. Erdogan's typically abrasive comments came after the U
Published 21 Mar, 2018 12:00am
Russian chemist says worked on Novichok, despite official claims

Russian chemist says worked on Novichok, despite official claims

A Russian scientist told state media Tuesday he worked on an official programme to produce the nerve agent Britain says was used on ex-spy Sergei Skripal, contradicting Moscow's claims it never developed Novichok. Leonid Rink told RIA Novosti state news a
Published 21 Mar, 2018 12:00am
Putin, Trump want better ties, planning summit

Putin, Trump want better ties, planning summit

US President Donald Trump and Vladimir Putin on Tuesday discussed holding a possible summit as the American leader congratulated the Russian President on his re-election. "I had a call with President Putin and congratulated him on his electoral victory,"
Published 21 Mar, 2018 12:00am
Canadian mathematician Langlands wins Abel Prize

Canadian mathematician Langlands wins Abel Prize

Canadian mathematician Robert Langlands on Tuesday won the prestigious Abel Prize for developing a programme connecting representation theory to number theory, Norway's Academy of Sciences and Letters said. "The programme has enlisted hundreds of the worl
Published 21 Mar, 2018 12:00am
'Sex and the City' star joins New York governor race

'Sex and the City' star joins New York governor race

Cynthia Nixon, the US actress who shot to fame as workaholic lawyer Miranda on "Sex and the City," jumped into the race for New York governor Monday, unveiling a progressive platform championing economic equality and eschewing big business. The 51-year-ol
Published 21 Mar, 2018 12:00am
Science icon Hawking's funeral set for March 31

Science icon Hawking's funeral set for March 31

Professor Steven Hawking's funeral will take place at the Cambridge University church on March 31, the scientist and cultural icon's family announced Tuesday. The service will be held in the prestigious institution's Great St Mary's church, a short distan
Published 21 Mar, 2018 12:00am
EU asylum seekers fell by half last year

EU asylum seekers fell by half last year

EU countries registered 650,000 requests for asylum last year, about half the number from 2016, official figures showed Tuesday, as controversial deals with Turkey and Libya curbed migrant flows. Syrians, who are fleeing an eight-year civil war, as well a
Published 21 Mar, 2018 12:00am
UN reports mass rights abuses in Turkey

UN reports mass rights abuses in Turkey

Turkey's state of emergency has sparked human rights abuses against "hundreds of thousands of people", including killings and torture, the UN warned Tuesday in a report slammed by Ankara as "biased" and "unacceptable". A state of emergency imposed in Turk
Published 21 Mar, 2018 12:00am
Saudi billionaire Al-Waleed 'forgives' Ritz ordeal
Exchange

Saudi billionaire Al-Waleed 'forgives' Ritz ordeal

Billionaire Saudi Prince Al-Waleed bin Talal says all is forgiven after his three-month detention in an anti-corruption crackdown, dismissing speculation he had forfeited control of his assets in exchange for his freedom. The prince, dubbed the Warren Buf
Published 21 Mar, 2018 12:00am
Copper slumps

Copper slumps

Copper slumped to its lowest level in more than three months on Tuesday as rising inventories highlighted healthy supplies. Concern about trade wars, higher US interest rates and a stronger dollar also weighed on industrial metals markets.
Published 21 Mar, 2018 12:00am
Raw sugar slips as India scraps export tax

Raw sugar slips as India scraps export tax

Raw sugar futures on ICE were lower on Tuesday, pressured by India's decision to scrap an export tax that to concerns about oversupply, though prices held above the prior session's 2-1/2-year low. Cocoa rebounded from the prior session's tumble. May raw s
Published 21 Mar, 2018 12:00am
Oil up on ME tensions, Venezuela concerns
Exchange

Oil up on ME tensions, Venezuela concerns

Oil prices climbed to their highest level in three weeks on Tuesday as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the impact of growing US crude production. Brent crude futures for May delivery rose
Published 21 Mar, 2018 12:00am
Malaysian palm oil gains
Exchange

Malaysian palm oil gains

Malaysian palm oil futures climbed in Tuesday evening's trade to chart a second straight session of gains on the back of stronger export data. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange rose 0.4 percent to
Published 21 Mar, 2018 12:00am
Gold lower in Asia
Exchange

Gold lower in Asia

Gold edged lower on Tuesday as the dollar firmed while traders waited to gauge the path of US monetary policy for the rest of the year from the two-day Federal Reserve meeting that kicks off later in the day. Spot gold was down 0.1 percent to $1,314.98 pe
Published 21 Mar, 2018 12:00am
Gold down in Europe
Exchange

Gold down in Europe

Gold prices fell on Tuesday as the dollar strengthened ahead of a Federal Reserve meeting at which the US central bank is expected to raise interest rates for the first time this year. The looming Fed meeting has helped to push down gold by 4 percent from
Published 21 Mar, 2018 12:00am
US MIDDAY: wheat up

US MIDDAY: wheat up

Chicago Board of Trade wheat futures rose about 1 percent on Monday in a recovery bounce after falling to a seven-week low, but trade was cautious after weekend rains on the parched US Plains offered respite for the winter wheat crop. Soyabeans firmed on
Published 21 Mar, 2018 12:00am
US MIDDAY: gold falls
Exchange

US MIDDAY: gold falls

Gold prices fell on Tuesday as the US dollar strengthened ahead of a Federal Reserve meeting at which the US central bank is expected to raise interest rates for the first time this year. The looming Fed meeting has helped to push gold down 4 percent from
Published 21 Mar, 2018 12:00am
KU to have 'harassment watch' bodies in all departments

KU to have 'harassment watch' bodies in all departments

An inquiry committee for the protection against harassment of women at the workplace is functioning in accordance with the harassment at workplace act with complete autonomy; this committee has given independent decisions in the past. Any person, group or
Published 21 Mar, 2018 12:00am
Betel nuts being smuggled under Afghan Transit: PKMA chief

Betel nuts being smuggled under Afghan Transit: PKMA chief

The government's ban on the import of betel nuts has paved the way for its smuggling into the country under the Afghan Transit. In a statement, Pakistan Kiryana Merchants' Association (PKMA) chairman Waseemur Rehman said that plant protection department h
Published 21 Mar, 2018 12:00am
Betel nuts being smuggled under Afghan Transit: PKMA chief

Betel nuts being smuggled under Afghan Transit: PKMA chief

The government's ban on the import of betel nuts has paved the way for its smuggling into the country under the Afghan Transit. In a statement, Pakistan Kiryana Merchants' Association (PKMA) chairman Waseemur Rehman said that plant protection department h
Published 21 Mar, 2018 12:00am
WB-funded project to update tax administration data centres

WB-funded project to update tax administration data centres

The World Bank-funded Trust Fund for Accelerating Growth and Reform (TAGR) project would update tax administration data centers of the Federal Board of Revenue (FBR) and set up Tax Intelligence Unit (TIU) and market monitoring and intervention unit (MMI)
Published 21 Mar, 2018 12:00am
Baluchistan Wheels Limited
Mutual Funds

Baluchistan Wheels Limited

Baluchistan Wheels Limited (PSX: BHWL) is a wheel manufacturing company in the country producing steel wheels for the automobile sector, including passenger cars, commercial vehicles and agriculture tractors. The company was setup in 1980 and had a techni
Published 21 Mar, 2018 12:00am
Baluchistan Wheels Limited
Mutual Funds

Baluchistan Wheels Limited

Baluchistan Wheels Limited (PSX: BHWL) is a wheel manufacturing company in the country producing steel wheels for the automobile sector, including passenger cars, commercial vehicles and agriculture tractors. The company was setup in 1980 and had a techni
Published 21 Mar, 2018 12:00am
KCCI members advised to renew membership

KCCI members advised to renew membership

The Karachi Chamber of Commerce and Industry (KCCI) has advised all its members to renew their KCCI membership by March 31, 2018 in order to avoid any inconvenience, says a press release issued here on Tuesday. The process of membership renewal is current
Published 21 Mar, 2018 12:00am
Political instability affecting economy: ex-FPCCI chief

Political instability affecting economy: ex-FPCCI chief

Former President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Muhammad Idrees has underlined the need for preparation of 25-year-long-development roadmap in order to make Pakistan developed and prosperous in comity of nations.
Published 21 Mar, 2018 12:00am
TMA lauds KE's decision of exempting Lyari's PMTs from loadshedding

TMA lauds KE's decision of exempting Lyari's PMTs from loadshedding

The Timber Market Association (TMA) hosted an event to honour K-Electric's recent announcement of exempting a further 19 PMTs from load-shedding in Lyari. This comes after K-Electric exempted 4 feeders from load-shed in Lyari, back in 2016. The community
Published 21 Mar, 2018 12:00am
NA body visits PMSA HQs

NA body visits PMSA HQs

The members of the National Assembly's Standing Committee on Defence visited Head Quarters of Pakistan Maritime Security Agency (PMSA) on Tuesday. The delegation, led by Shaikh Rohale Asghar, the Chairman of standing committee was welcomed by Director Gen
Published 21 Mar, 2018 12:00am
AMTF to get reconditioned blood donation vehicle from Japan

AMTF to get reconditioned blood donation vehicle from Japan

Japanese government has approved US$25,569 under its Grant Assistance for Grassroots Human Security Projects (GGP) for a project to provide second-hand Blood Donation Vehicle to Afzaal Memorial Thalassemia Foundation (AMTF). Japanese Consul General Toshik
Published 21 Mar, 2018 12:00am
'Scope of IT should be expanded to widen business activity'

'Scope of IT should be expanded to widen business activity'

The economic evolution started from industrialization and after passing through electronic stage, it has now jumped to the Information Technology (IT) with domination of social media to promote businesses and in this connection an institution is being est
Published 21 Mar, 2018 12:00am
Government urged to take concrete steps for jute industry's revival

Government urged to take concrete steps for jute industry's revival

Expressing concern over the state of affairs of the jute industry, CEO of the United Jute Mills Group Sharmeen Khan has urged the government to play a role of facilitator for the sick jute industry and announce pragmatic steps for its revival which is pro
Published 21 Mar, 2018 12:00am
FPCCI, Commerce differ over proposed FTA II with China

FPCCI, Commerce differ over proposed FTA II with China

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Commerce Division are said to have different viewpoints on the proposed FTA-II between Pakistan and China. Well-informed sources told Business Recorder that Federal Board of Reven
Published 21 Mar, 2018 12:00am
NBP chief, others to be indicted on March 27

NBP chief, others to be indicted on March 27

The Accountability Court on Tuesday decided to indict President National Bank Saeed Ahmed and two other accused on March 27 in a reference related to the assets of former Finance Minister Ishaq Dar. The Accountability Court judge while hearing corruption
Published 21 Mar, 2018 12:00am
PPP MNA Ayaz Soomro passes away

PPP MNA Ayaz Soomro passes away

Ayaz Soomro, Member of National Assembly of Pakistan People's Party, passed away in New York at the age of 58. Soomro was suffering from heart disease and was being treated at a hospital in Manhattan, New York.
Published 21 Mar, 2018 12:00am
NESPAK wins Jordan's Waleh Dam Project

NESPAK wins Jordan's Waleh Dam Project

National Engineering Services Pakistan (Pvt) Limited has won the Raising Waleh Dam Project in the Kingdom of Jordan in a joint venture with an international consultancy firm after a tough competition. NESPAK scope of services included design review and co
Published 21 Mar, 2018 12:00am
Economic cost of smoking stands at Rs 143.208 billion p.a.: report

Economic cost of smoking stands at Rs 143.208 billion p.a.: report

The economic cost of smoking in Pakistan amounts to Rs 143.208 billion annually and it includes direct costs related to healthcare expenditures and indirect costs related to lost productivity due to early mortality and morbidity. This was revealed in a re
Published 21 Mar, 2018 12:00am
Economic cost of smoking stands at Rs 143.208 billion p.a.: report

Economic cost of smoking stands at Rs 143.208 billion p.a.: report

The economic cost of smoking in Pakistan amounts to Rs 143.208 billion annually and it includes direct costs related to healthcare expenditures and indirect costs related to lost productivity due to early mortality and morbidity. This was revealed in a re
Published 21 Mar, 2018 12:00am
PAF chief calls on PM, CoAS

PAF chief calls on PM, CoAS

Newly-appointed Chief of Air Staff, Air Chief Marshal Mujahid Anwar Khan, called on Prime Minister Shahid Khaqan Abbasi at Prime Minister's Office Tuesday. Professional matters pertaining to Pakistan Air Force came under discussion. The Prime Minister con
Published 21 Mar, 2018 12:00am
FBR's third-tier tax slab helps curb trade of illicit cigarettes

FBR's third-tier tax slab helps curb trade of illicit cigarettes

Federal Board of Revenue's (FBR) third tier tax slab, being introduced in federal budget 2017-18, has greatly helped in curbing the illicit cigarette trade in addition to boosting revenue collection from documented sector, says tax expert. At the end of t
Published 21 Mar, 2018 12:00am
Mushahid stresses need for raising standard of education

Mushahid stresses need for raising standard of education

Senator Mushahid Hussain Sayed on Tuesday while stressing on quality of education said that only increase in budget could not help enhance education standard. He stated this while addressing at the conclusion of two-day international conference entitled "
Published 21 Mar, 2018 12:00am
Bilawal to address public meeting in Bannu

Bilawal to address public meeting in Bannu

Chairman, Pakistan Peoples' Party (PPP) Bilawal Bhutto Zardari is scheduled to visit Bannu town of Khyber Pakhtunkhwa on Saturday (March 24) where he will address a public meeting. According to party sources the PPP chief would hold meetings with office b
Published 21 Mar, 2018 12:00am
PML-N's priority is to serve poor segment of society: PM

PML-N's priority is to serve poor segment of society: PM

Prime Minister Shahid Khaqan Abbasi on Tuesday said that serving the poor segments of society had remained the foremost priority of the present government and the government would continue making every possible effort to enhance the scope and reach of Pri
Published 21 Mar, 2018 12:00am
Urdu translation of Ogra laws submitted for vetting

Urdu translation of Ogra laws submitted for vetting

The Oil and Gas Regulatory Authority (Ogra) has completed Urdu translation of some of its laws and submitted them to the Ministry of Law and Justice for final vetting, sources in the Cabinet Division said on Tuesday. The decision of translation of 12 Ogra
Published 21 Mar, 2018 12:00am
IMC intends to invest more in Pakistan: CEO

IMC intends to invest more in Pakistan: CEO

Indus Motor Company (IMC), manufacturers of Toyota cars in Pakistan is planning further investment in the country to expand its assembly/manufacturing facilities. This was stated by Chief Executive Officer (CEO) IMC, Ali Asghar Jamali during chitchat with
Published 21 Mar, 2018 12:00am
Byco Petroleum ups gasoline production five times

Byco Petroleum ups gasoline production five times

Pakistan's Byco Petroleum has raised gasoline production five times to 1,500 tonnes per day following the commissioning of a gasoline-making unit, a company statement said this month. It did not elaborate on when the catalytic reformer, which converts 24,
Published 21 Mar, 2018 12:00am
Over Rs 42.426 billion recovered by Sindh Excise Department
Cotton

Over Rs 42.426 billion recovered by Sindh Excise Department

Sindh Excise Department on Tuesday claimed to have recovered over Rs 42.426 billion during last eight months in current financial year, depicting 13 percent growth as compared to corresponding period collection of Rs 37.293 billion.
Published 21 Mar, 2018 12:00am
Hesco to form body to resolve business community's problems

Hesco to form body to resolve business community's problems

The Superintending Engineer Hyderabad Electric Supply Company (HESCO) Muhammad Irfan Memon has informed that Hesco will form a coordination committee with representation of Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) in order to resolve
Published 21 Mar, 2018 12:00am
SAU VC urges youth to avail CPEC opportunities

SAU VC urges youth to avail CPEC opportunities

In order to develop the entrepreneur skills of the youth of Sindh, the Sindh Agriculture University Tandojam in collaboration with Sports and Youth Affairs Department of Government of Sindh arranged a seminar on entitled "CPEC and opportunities for the Yo
Published 21 Mar, 2018 12:00am
Commissioner directed to notify dairy prices within 10 days

Commissioner directed to notify dairy prices within 10 days

Sindh High Court (SHC) on Tuesday directed the Karachi Commissioner to issue a notification of fixed prices of dairy products within 10 days A two-member bench, headed by Justice Aqeel Ahmed Abbasi, heard the petition filed by Muhammad Imran Shehzad, a ci
Published 21 Mar, 2018 12:00am
Issues specific to rural economy discussed at CRE workshop
Exchange

Issues specific to rural economy discussed at CRE workshop

The first workshop on the theme: "Emerging Issues, challenges and Opportunities in Rural Economy of Pakistan" was organized by Centre for Rural Economy (CRE), Ministry of Planning, Development and Reform here on Tuesday. The speakers/participants on the o
Published 21 Mar, 2018 12:00am
PTUT will be inaugurated on March 23

PTUT will be inaugurated on March 23

Punjab Schools Education Minister Rana Mashhood Ahmed Khan has said that the Punjab Tianjin University of Technology (PTUT) will be inaugurated on March 23 and Punjab Chief Minister Shahbaz Sharif will address the ceremony through a video link.
Published 21 Mar, 2018 12:00am
'Structural reforms in tax system vital'

'Structural reforms in tax system vital'

Structural reforms in the tax system are imperative to achieve macroeconomic stability in addition to improving the financial position of Pakistan, said Engineer Ahmad Hassan Former Vice President Faisalabad Chamber of Commerce & Industry (FCCI) and Chair
Published 21 Mar, 2018 12:00am
Pakistan to become member of hybrid rice seed exporting club in April

Pakistan to become member of hybrid rice seed exporting club in April

Pakistan is all set to become member of elite hybrid rice seed exporting club next month after executing pioneering trade deal with Philippines. After passing through various national regulatory procedures, the first ever consignment of 100 tons high yiel
Published 21 Mar, 2018 12:00am
RAIL sets up auto assembly plant in Lahore

RAIL sets up auto assembly plant in Lahore

Regal Automobile Industries Limited (RAIL), country's third-largest bike assembler, has set up an assembly plant in Lahore with an investment over Rs 800 million to produce light commercial vehicles and vans from April 2018.
Published 21 Mar, 2018 12:00am
Pakistan Day rally held in SWA

Pakistan Day rally held in SWA

The tribal people organized 'Pakistan Day' rally to express solidarity with the countrymen here on Tuesday. According to details, a large number of tribal people carrying banners and placards inscribed with slogans in favour of Pakistan marched from Sarwa
Published 21 Mar, 2018 12:00am
Punjab to launch integrated programme to control hepatitis

Punjab to launch integrated programme to control hepatitis

The Punjab government is set to launch 'integrated program for hepatitis control' to fight out the disease. "The provincial health departments, PKLI, Punjab Hepatitis Control Program and other specialized healthcare institutions would adopt a joint strate
Published 21 Mar, 2018 12:00am
SHO martyred in Kohat encounter
Exchange

SHO martyred in Kohat encounter

A Station House Officer (SHO) was martyred while kidnapper killed in exchange of fire here on Tuesday. Headed by SHO Usterzai, the police launched operation for recovery of an abducted person in Boditang area of Kohat. In cross firing SHO Abbasi Ali was m
Published 21 Mar, 2018 12:00am
Judicial body asks Sindh government to ban disposal of garbage in drains

Judicial body asks Sindh government to ban disposal of garbage in drains

The judicial commission formed by the apex court to probe into the Sindh government's alleged failure in providing basic necessities to the people, on Tuesday ordered the government to impose a ban on throwing and dumping of garbage in drains, under secti
Published 21 Mar, 2018 12:00am
APFMA wants ST exemption for Pakistan-based foam makers

APFMA wants ST exemption for Pakistan-based foam makers

President of All Pakistan Foam Manufactures Association (APFMA), Nawaz Jadoon, has urged the chairman of Federal Board of Revenue (FBR) to ensure level playing field for all manufacturing sectors and exempt Pakistan-based foam manufactures from sales tax.
Published 21 Mar, 2018 12:00am
KPT orders probe into collision of ships

KPT orders probe into collision of ships

Karachi Port Trust (KPT) has ordered board of investigation comprised senior officers to probe the two-ship collision incident. According to details, on March 19, 2018 at 1334 hours, Container Vessel (CV) Tolten came in contact with CV Hamburg Bay berthed
Published 21 Mar, 2018 12:00am
People with disabilities: Marriyum for providing opportunities

People with disabilities: Marriyum for providing opportunities

Media has an important role to foster inclusive culture for people with disabilities in Pakistan. This was stated by the Minister of State for Information, Broadcasting, National History and Literary Heritage while speaking as a chief guest at "Hazrat Kha
Published 21 Mar, 2018 12:00am
Physical remand of Cheema, others extended

Physical remand of Cheema, others extended

Accountability Court on Tuesday extended for further 14-day physical remand of six accused including former Director General of Lahore Development Authority Ahad Khan Cheema in Aashiyana-i-Iqbal Housing Scam.
Published 21 Mar, 2018 12:00am
ECP verdict may resolve leadership issue of MQM-P

ECP verdict may resolve leadership issue of MQM-P

The Election Commission of Pakistan's verdict in a case pertaining to leadership of Muttahida Qaumi Movement-Pakistan (MQM-P) may settle the struggle between Bahadurabad group led by Khalid Maqbool Siddiqui and PIB group led by Dr Farooq Sattar.
Published 21 Mar, 2018 12:00am
NA body recommends action against NHA chief over continuous absence

NA body recommends action against NHA chief over continuous absence

A parliamentary panel on Tuesday expressed annoyance over continuous absence of chairman National Highways Authority (NHA) from the meeting and recommended an action against him as per law. The National Assembly Standing Committee on Communications met he
Published 21 Mar, 2018 12:00am
Mashal murder case: ATC sends accused on four-day remand

Mashal murder case: ATC sends accused on four-day remand

The Anti-Terrorist Court (ATC) Mardan on Tuesday handed over accused Sabir Mayar to local police on four-day physical remand in the lynching case of Mashal Khan. Police produced Sabir Mayar before the ATC Judge Mohammad Younas Khan, and prayed to the cour
Published 21 Mar, 2018 12:00am
Imran Farooq murder case: IHC reserves judgement

Imran Farooq murder case: IHC reserves judgement

The Islamabad High Court Tuesday reserved its judgment on a petition of Moazzam Ali, an accused of MQM leader Dr Imran Farooq murder, seeking his trial in an open court instead of jail premises. A division bench of IHC comprising Justice Athar Minallah an
Published 21 Mar, 2018 12:00am
SC reserves judgement in Rashid case

SC reserves judgement in Rashid case

Hearing a petition against Awami Muslim League President Sheikh Rashid said on Tuesday, the Supreme Court said the findings of the Panama Leaks judgment will be applied on all those cases where candidates have provided incorrect information in their nomin
Published 21 Mar, 2018 12:00am
Rain, gusty winds forecast for northern, western areas

Rain, gusty winds forecast for northern, western areas

The Meteorological department said on Tuesday that a westerly wave is affecting central parts of the country and may persist till Wednesday. At said that mainly dry weather is expected in most parts of the country. However, rain-thunderstorm with gusty wi
Published 21 Mar, 2018 12:00am
LCCI urges SBP to control rapid surge in dollar price
Exchange

LCCI urges SBP to control rapid surge in dollar price

The Lahore Chamber of Commerce & Industry has demanded of the State Bank of Pakistan to control rapid surge in dollar price through strict measures otherwise Pak rupee devaluation will give a big blow to the economy. "Inter-bank US dollar rate is ringing
Published 21 Mar, 2018 12:00am
New 'National Fertilizer Policy' on the anvil

New 'National Fertilizer Policy' on the anvil

The Ministry of Industries and Production has started the process of consultation with stakeholders for the finalization of new 'National Fertilizer Policy' which is set to be unfolded within this year. National Fertilizer Corporation (NFC) CEO /Managing
Published 21 Mar, 2018 12:00am
Shahbaz off to London

Shahbaz off to London

Punjab Chief Minister Shahbaz Sharif has left for London to inquire after the health of Begum Kulsoom Nawaz there. During his stay in London, Shahbaz will also get his routine medical checkup besides holding meetings with delegations of PML-N and overseas
Published 21 Mar, 2018 12:00am
Rupee witnesses major setback against foreign currencies
Exchange

Rupee witnesses major setback against foreign currencies

The Pakistani rupee witnessed a major setback in terms of trading against the major foreign currencies including the US dollar and British pound in the local currency market on Tuesday. According to a survey conducted by Business Recorder of local
Published 21 Mar, 2018 12:00am
Foreign investment drought likely to end

Foreign investment drought likely to end

This is apropos a Business Recorder news item "Unilever announces $120m investment in Pakistan" carried by the newspaper yesterday. According to it, Unilever has announced an investment of USD120 million (PKR 11 billion) in Pakistan acknowledging t
Published 21 Mar, 2018 12:00am
The 'Sheedas' of Lahore - I
Exchange

The 'Sheedas' of Lahore - I

I was introduced to the term "Sheedas" by my friend Masood Hassan. His family has deep roots in Lahore. So he knows best. I have done three stints in Lahore. The first was in 1960/1 when I did my matric from Azam Garrison School, Lahore Cantt. My uncle wa
Published 21 Mar, 2018 12:00am
New challenges facing global trading

New challenges facing global trading

Our exports sector has always remained afflicted by uncertainties. There are multiple reasons why it is so with the predominant reason being the lack of exportable surpluses in goods and services that are in demand in global markets. Periodic slump in glo
Published 21 Mar, 2018 12:00am
Reforming foreign exchange regime - III
Exchange

Reforming foreign exchange regime - III

The Protection of Economic Reforms Act (PERA) was an incredible law in the sense that it attracted a great deal of support across the political divide. Attempts to rationalize the law were frequently scuttled on the claim that it would discourage investme
Published 21 Mar, 2018 12:00am
Bajwa's assurance to FATA

Bajwa's assurance to FATA

Chief of Army Staff (CoAS) General Qamar Javed Bajwa has told a tribal Jirga in Landi Kotal, Khyber Agency, Federally Administered Tribal Areas (FATA), that he is very much in favour of the proposed merger of FATA into Khyber Pakhtunkhwa (KP) province. Ho
Published 21 Mar, 2018 12:00am
Water resources now reaching critical mass

Water resources now reaching critical mass

The 41-page National Water Policy presented in the Council of Common Interest (CCI) on Tuesday is a comprehensive policy in that it covers drought and floods, which have alternately plagued Pakistan in recent years; its recommendations are succinct and, i
Published 21 Mar, 2018 12:00am
Seychelles opposition to block India military deal

Seychelles opposition to block India military deal

Seychelles' opposition coalition, which holds a majority in parliament, said Tuesday it would not ratify a deal signed with India to build a military base on one of the archipelago's outlying islands. The deal would see India invest $550 million dollars (
Published 21 Mar, 2018 12:00am
Seychelles opposition to block India military deal

Seychelles opposition to block India military deal

Seychelles' opposition coalition, which holds a majority in parliament, said Tuesday it would not ratify a deal signed with India to build a military base on one of the archipelago's outlying islands. The deal would see India invest $550 million dollars (
Published 21 Mar, 2018 12:00am
Security pretext: IHC suspends verdict on mobile phone networks' closure

Security pretext: IHC suspends verdict on mobile phone networks' closure

The Islamabad High Court on Tuesday suspended a single bench verdict wherein it had declared the off and on closure of mobile phone networks by the government on security pretext as illegal. A division bench of IHC comprising Justice Aamer Farooq and Just
Published 21 Mar, 2018 12:00am
Security pretext: IHC suspends verdict on mobile phone networks' closure

Security pretext: IHC suspends verdict on mobile phone networks' closure

The Islamabad High Court on Tuesday suspended a single bench verdict wherein it had declared the off and on closure of mobile phone networks by the government on security pretext as illegal. A division bench of IHC comprising Justice Aamer Farooq and Just
Published 21 Mar, 2018 12:00am
Five percent census results face validation challenge

Five percent census results face validation challenge

There are some serious challenges in validation of five percent results of population census agreed upon between the federal government and provinces at the Council of Common Interests (CCI) forum and the decision may be reverted. Secretary Ministry of St
Published 21 Mar, 2018 12:00am
Previous Day