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Print - 2018-04-03
PMSA, PN seize huge quantity of liquor

PMSA, PN seize huge quantity of liquor

The security elements of Pakistan Maritime Security Agency (PMSA) and Pakistan Navy have apprehended a large quantity of liquor smuggled from international sea routes. The operation was carried out while undertaking Maritime Security Operations in Pakista
Published 03 Apr, 2018 12:00am
SC seeks details of missing persons

SC seeks details of missing persons

After consistent failure of successive governments to clear the controversy about missing persons, the Supreme Court on Monday sought details of missing persons detained at internment centers across the country.
Published 03 Apr, 2018 12:00am
Nawaz optimistic about electoral prospects

Nawaz optimistic about electoral prospects

Former Prime Minister Nawaz Sharif on Monday claimed that cases have been made against him to prevent Pakistan Muslim League-Nawaz (PML-N) from winning the next general election.
Published 03 Apr, 2018 12:00am
Right of vote to overseas Pakistanis

Right of vote to overseas Pakistanis

A team of National Database and Registration Authority (NADRA), headed by its Chairman Usman Mobin gave a detailed presentation to Chief Justice of Pakistan and Justice Umer Ata Bandial and Justice Ijaz Ul Ahsan hearing the case regarding the right of vot
Published 03 Apr, 2018 12:00am
ECP asks MML to submit clearance certificate

ECP asks MML to submit clearance certificate

The Election Commission of Pakistan (ECP) Monday directed Milli Muslim League (MML) to submit a clearance certificate issued by Ministry of Interior for its registration as a political party.
Published 03 Apr, 2018 12:00am
AJ&K PM for highlighting Indian brutalities on world forum

AJ&K PM for highlighting Indian brutalities on world forum

Prime Minister of Azad Jammu and Kashmir (AJ&K), Raja Farooq Haider has said that there is a need to put more focus on highlighting Kashmir issue at the international level to let the world know about Indian brutalities against innocent people of Indian O
Published 03 Apr, 2018 12:00am
Monal Restaurant: PAC asks CDA to offer lease through tender in 2021

Monal Restaurant: PAC asks CDA to offer lease through tender in 2021

The Public Accounts Committee (PAC) Monday asked the Capital Development Authority (CDA) not to extend lease of Monal Restaurant (Islamabad) to current operator, and offer it through open tender in 2021, besides directing Federal Investigation Agency (FIA
Published 03 Apr, 2018 12:00am
Malala leaves for London after emotional visit

Malala leaves for London after emotional visit

Nobel peace laureate Malala Yousafzai Monday left for Britain after an emotional four-day visit to Pakistan, officials said. Malala made a surprise return visit to Pakistan last week more than five years after she was shot in the head by a Taliban gunman
Published 03 Apr, 2018 12:00am
CPFTA-II

CPFTA-II

The news that a high-powered Chinese delegation is arriving has given birth to hopes that the second phase of China-Pakistan Free Trade Agreement (CPFTA) will be finalized. It is therefore heartening to note that Commerce Division has reportedly been "dir
Published 03 Apr, 2018 12:00am
Pathemata Mathemata

Pathemata Mathemata

Things suffered, things learned. About 5 years ago, I wrote a series of articles, which were published in Business Recorder, on profit, wherein I had concluded that it actually is all about profit. During that journey through Profit, the importance of nat
Published 03 Apr, 2018 12:00am
The stance of monetary policy
Exchange

The stance of monetary policy

The Monetary Policy Statement for March 2018 has been announced recently by the Monetary Policy Committee (MPC) of the SBP. This statement comes as a big surprise with no change in the policy rate. The optimism of SBP is epitomized by its assessment that
Published 03 Apr, 2018 12:00am
Digitization of Economic Survey
Exchange

Digitization of Economic Survey

Finance Division, Public Sector Development Programme (PSDP), Ministry of Finance has proposed a 40 million rupee 'Digitization of the Pakistan Economic Survey' project for 2018-19 which envisages real time availability of federal and provincial data to e
Published 03 Apr, 2018 12:00am
The 'Bajwa doctrine'

The 'Bajwa doctrine'

Major General Asif Ghafoor, head of ISPR, held a press conference the other day to clear up what the military felt were some misconceptions regarding the recent interaction of CoAS General Qamar Javed Bajwa with a select group of journalists. The need for
Published 03 Apr, 2018 12:00am
PSO MD seeks advance payment plan to ensure supply
Exchange

PSO MD seeks advance payment plan to ensure supply

Managing Director, Pakistan State Oil (PSO), Sheikh Imranul Haque, has sought advance payment plan of Rs 35 billion per month from Power Division to ensure supply of 18,000 tons per day to sustain generation from April to September 2018, official sources
Published 03 Apr, 2018 12:00am
PSO MD seeks advance payment plan to ensure supply
Exchange

PSO MD seeks advance payment plan to ensure supply

Managing Director, Pakistan State Oil (PSO), Sheikh Imranul Haque, has sought advance payment plan of Rs 35 billion per month from Power Division to ensure supply of 18,000 tons per day to sustain generation from April to September 2018, official sources
Published 03 Apr, 2018 12:00am
PSO MD seeks advance payment plan to ensure supply
Exchange

PSO MD seeks advance payment plan to ensure supply

Managing Director, Pakistan State Oil (PSO), Sheikh Imranul Haque, has sought advance payment plan of Rs 35 billion per month from Power Division to ensure supply of 18,000 tons per day to sustain generation from April to September 2018, official sources
Published 03 Apr, 2018 12:00am
Winnie Mandela dies

Winnie Mandela dies

Winnie Mandela, the former wife of South African anti-apartheid icon Nelson Mandela, died on Monday aged 81, triggering an outpouring of tributes to one of the country's defining and most divisive figures. She died in a Johannesburg hospital, her family s
Published 03 Apr, 2018 12:00am
Winnie Mandela dies

Winnie Mandela dies

Winnie Mandela, the former wife of South African anti-apartheid icon Nelson Mandela, died on Monday aged 81, triggering an outpouring of tributes to one of the country's defining and most divisive figures. She died in a Johannesburg hospital, her family s
Published 03 Apr, 2018 12:00am
Defunct Chinese space lab plunges back to Earth over Pacific

Defunct Chinese space lab plunges back to Earth over Pacific

A defunct Chinese space lab disintegrated under intense heat as it hurtled through Earth's atmosphere Monday and plunged to a watery grave in the South Pacific, Chinese officials said. The Tiangong-1 "mostly" burnt up above the vast ocean's central region
Published 03 Apr, 2018 12:00am
Defunct Chinese space lab plunges back to Earth over Pacific

Defunct Chinese space lab plunges back to Earth over Pacific

A defunct Chinese space lab disintegrated under intense heat as it hurtled through Earth's atmosphere Monday and plunged to a watery grave in the South Pacific, Chinese officials said. The Tiangong-1 "mostly" burnt up above the vast ocean's central region
Published 03 Apr, 2018 12:00am
Two percent further tax to be charged on supply of finished fabrics: FBR

Two percent further tax to be charged on supply of finished fabrics: FBR

The Federal Board of Revenue (FBR) has clarified that further tax @ 2 percent shall be charged on supply of finished fabrics which have undergone all industrial processes like calendaring, dying, bleaching and printing and are ready for use by the general
Published 03 Apr, 2018 12:00am
The Weather

The Weather

The weather report on Monday (April 02, 2018) and the forecast for Tuesday (April 03, 2018).

Published 03 Apr, 2018 12:00am
Two percent further tax to be charged on supply of finished fabrics: FBR

Two percent further tax to be charged on supply of finished fabrics: FBR

The Federal Board of Revenue (FBR) has clarified that further tax @ 2 percent shall be charged on supply of finished fabrics which have undergone all industrial processes like calendaring, dying, bleaching and printing and are ready for use by the general
Published 03 Apr, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (April 02, 2018).

Published 03 Apr, 2018 12:00am
Two percent further tax to be charged on supply of finished fabrics: FBR

Two percent further tax to be charged on supply of finished fabrics: FBR

The Federal Board of Revenue (FBR) has clarified that further tax @ 2 percent shall be charged on supply of finished fabrics which have undergone all industrial processes like calendaring, dying, bleaching and printing and are ready for use by the general
Published 03 Apr, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (April 02, 2018).

Published 03 Apr, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (April 02, 2018).

Published 03 Apr, 2018 12:00am
KBD: SC seeks report from government

KBD: SC seeks report from government

The Supreme Court on Monday sought a detailed report from the federal government within 15 days on a petition regarding the Kalabagh Dam plan. A three-member bench headed by Chief Justice Mian Saqib Nisar took up the plea filed by Barrister Zafarullah Kha
Published 03 Apr, 2018 12:00am
KBD: SC seeks report from government

KBD: SC seeks report from government

The Supreme Court on Monday sought a detailed report from the federal government within 15 days on a petition regarding the Kalabagh Dam plan. A three-member bench headed by Chief Justice Mian Saqib Nisar took up the plea filed by Barrister Zafarullah Kha
Published 03 Apr, 2018 12:00am
KBD: SC seeks report from government

KBD: SC seeks report from government

The Supreme Court on Monday sought a detailed report from the federal government within 15 days on a petition regarding the Kalabagh Dam plan. A three-member bench headed by Chief Justice Mian Saqib Nisar took up the plea filed by Barrister Zafarullah Kha
Published 03 Apr, 2018 12:00am
State minister for energy resigns

State minister for energy resigns

State Minister for Energy (Petroleum Division) Jam Kamal Khan has resigned from his post and President Mamnoon Hussain on the advice of the Prime Minister has accepted his resignation. According to a message posted on Twitter by Jam Kamal Khan, "I have re
Published 03 Apr, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (April 02, 2018)

Published 03 Apr, 2018 12:00am
State minister for energy resigns

State minister for energy resigns

State Minister for Energy (Petroleum Division) Jam Kamal Khan has resigned from his post and President Mamnoon Hussain on the advice of the Prime Minister has accepted his resignation. According to a message posted on Twitter by Jam Kamal Khan, "I have re
Published 03 Apr, 2018 12:00am
State minister for energy resigns

State minister for energy resigns

State Minister for Energy (Petroleum Division) Jam Kamal Khan has resigned from his post and President Mamnoon Hussain on the advice of the Prime Minister has accepted his resignation. According to a message posted on Twitter by Jam Kamal Khan, "I have re
Published 03 Apr, 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 (April 02, 2018).

Published 03 Apr, 2018 12:00am
US SC nixes $655 million jury award against PLO

US SC nixes $655 million jury award against PLO

The US Supreme Court Monday rejected a bid to make the Palestine Liberation Organization pay $655 million in damages to victims of six attacks in Israel. The court''s decision aligned with the view of President Donald Trump''s administration, which in thi
Published 03 Apr, 2018 12:00am
US SC nixes $655 million jury award against PLO

US SC nixes $655 million jury award against PLO

The US Supreme Court Monday rejected a bid to make the Palestine Liberation Organization pay $655 million in damages to victims of six attacks in Israel. The court's decision aligned with the view of President Donald Trump's administration, which in this
Published 03 Apr, 2018 12:00am
US SC nixes $655 million jury award against PLO

US SC nixes $655 million jury award against PLO

The US Supreme Court Monday rejected a bid to make the Palestine Liberation Organization pay $655 million in damages to victims of six attacks in Israel. The court's decision aligned with the view of President Donald Trump's administration, which in this
Published 03 Apr, 2018 12:00am
NAB rejects allegations

NAB rejects allegations

The 'drop scene' of the so-called 'Accountability Drama' has already taken place, said National Accountability Bureau (NAB) here on Monday.
Published 03 Apr, 2018 12:00am
NAB rejects allegations

NAB rejects allegations

The 'drop scene' of the so-called 'Accountability Drama' has already taken place, said National Accountability Bureau (NAB) here on Monday.
Published 03 Apr, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 02, 2018).

Published 03 Apr, 2018 12:00am
Executive's domain: SC explains why it steps in

Executive's domain: SC explains why it steps in

Chief Justice Mian Saqib Nisar on Monday reiterated that the judiciary is not at all interested in intervening in matters of the executive but it is left with no option but to step in when the latter fails to do its job.
Published 03 Apr, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 02, 2018).

Published 03 Apr, 2018 12:00am
Executive's domain: SC explains why it steps in

Executive's domain: SC explains why it steps in

Chief Justice Mian Saqib Nisar on Monday reiterated that the judiciary is not at all interested in intervening in matters of the executive but it is left with no option but to step in when the latter fails to do its job.
Published 03 Apr, 2018 12:00am
Shahbaz, Nisar hold talks
Exchange

Shahbaz, Nisar hold talks

In an effort to resolve differences, the former interior minister Chaudhry Nisar Ali met Punjab Chief Minister and PML-N President Shahbaz Sharif, here on Monday and exchanged views on wide ranging issues including party affairs, country's current politic
Published 03 Apr, 2018 12:00am
Shahbaz, Nisar hold talks
Exchange

Shahbaz, Nisar hold talks

In an effort to resolve differences, the former interior minister Chaudhry Nisar Ali met Punjab Chief Minister and PML-N President Shahbaz Sharif, here on Monday and exchanged views on wide ranging issues including party affairs, country's current politic
Published 03 Apr, 2018 12:00am
THE RUPEE: easier trend
Currency

THE RUPEE: easier trend

A downward trend was witnessed on the money market on Monday as the rupee dropped modesty versus the dollar in process of trading activity, money experts said. The rupee did not move sharply in terms of the dollar for buying and selling at Rs 115.49 and R
Published 03 Apr, 2018 12:00am
Four Christians shot dead in Quetta

Four Christians shot dead in Quetta

Four Christians were shot dead in city on Monday, police said, in an attack claimed by the Islamic State group. The incident occurred in a Christian-majority neighbourhood in Quetta, and officials said it appeared to be a targeted attack on the religious
Published 03 Apr, 2018 12:00am
THE RUPEE: easier trend
Currency

THE RUPEE: easier trend

A downward trend was witnessed on the money market on Monday as the rupee dropped modesty versus the dollar in process of trading activity, money experts said. The rupee did not move sharply in terms of the dollar for buying and selling at Rs 115.49 and R
Published 03 Apr, 2018 12:00am
Four Christians shot dead in Quetta

Four Christians shot dead in Quetta

Four Christians were shot dead in city on Monday, police said, in an attack claimed by the Islamic State group. The incident occurred in a Christian-majority neighbourhood in Quetta, and officials said it appeared to be a targeted attack on the religious
Published 03 Apr, 2018 12:00am
Inflation falls to 3.2 percent in March

Inflation falls to 3.2 percent in March

Inflation decreased to 3.2 percent in March 2018 from 3.8 percent in the previous month following a marginal decline in the prices of perishable food items and food & non-alcoholic beverages, according to Pakistan Bureau of Statistics (PBS). The PBS measu
Published 03 Apr, 2018 12:00am
Inflation falls to 3.2 percent in March

Inflation falls to 3.2 percent in March

Inflation decreased to 3.2 percent in March 2018 from 3.8 percent in the previous month following a marginal decline in the prices of perishable food items and food & non-alcoholic beverages, according to Pakistan Bureau of Statistics (PBS). The PBS measu
Published 03 Apr, 2018 12:00am
Inflation falls to 3.2 percent in March

Inflation falls to 3.2 percent in March

Inflation decreased to 3.2 percent in March 2018 from 3.8 percent in the previous month following a marginal decline in the prices of perishable food items and food & non-alcoholic beverages, according to Pakistan Bureau of Statistics (PBS). The PBS measu
Published 03 Apr, 2018 12:00am
LHC declares tax incentive scheme illegal

LHC declares tax incentive scheme illegal

The Lahore High Court (LHC) has declared former Prime Minister Nawaz Sharif''s "Tax Incentive Scheme" introduced through SRO 1065(I)/2013 as illegal and without lawful authority, while deciding a petition filed by a Lahore-based tax lawyer Waheed Shahzad
Published 03 Apr, 2018 12:00am
LHC declares tax incentive scheme illegal

LHC declares tax incentive scheme illegal

The Lahore High Court (LHC) has declared former Prime Minister Nawaz Sharif's "Tax Incentive Scheme" introduced through SRO 1065(I)/2013 as illegal and without lawful authority, while deciding a petition filed by a Lahore-based tax lawyer Waheed Shahzad B
Published 03 Apr, 2018 12:00am
LHC declares tax incentive scheme illegal

LHC declares tax incentive scheme illegal

The Lahore High Court (LHC) has declared former Prime Minister Nawaz Sharif's "Tax Incentive Scheme" introduced through SRO 1065(I)/2013 as illegal and without lawful authority, while deciding a petition filed by a Lahore-based tax lawyer Waheed Shahzad B
Published 03 Apr, 2018 12:00am
128 US products: China raises tariffs by up to 25 percent

128 US products: China raises tariffs by up to 25 percent

China has increased tariffs by up to 25 percent on 128 US products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world''s biggest economies in response to US duties on imports of aluminum and steel.
Published 03 Apr, 2018 12:00am
128 US products: China raises tariffs by up to 25 percent

128 US products: China raises tariffs by up to 25 percent

China has increased tariffs by up to 25 percent on 128 US products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world's biggest economies in response to US duties on imports of aluminum and steel.
Published 03 Apr, 2018 12:00am
128 US products: China raises tariffs by up to 25 percent

128 US products: China raises tariffs by up to 25 percent

China has increased tariffs by up to 25 percent on 128 US products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world's biggest economies in response to US duties on imports of aluminum and steel.
Published 03 Apr, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 03 Apr, 2018 12:00am
CPFTA-II talks hit a snag
Exchange

CPFTA-II talks hit a snag

Pakistan and China on Monday failed to evolve consensus on second phase of Free Trade Agreement (CPFTA-II) as both sides refused to accepts each other''s offer, well-informed sources told Business Recorder. The Chinese side was represented by Vice
Published 03 Apr, 2018 12:00am
CPFTA-II talks hit a snag
Exchange

CPFTA-II talks hit a snag

Pakistan and China on Monday failed to evolve consensus on second phase of Free Trade Agreement (CPFTA-II) as both sides refused to accepts each other's offer, well-informed sources told Business Recorder. The Chinese side was represented by Vice M
Published 03 Apr, 2018 12:00am
CPFTA-II talks hit a snag
Exchange

CPFTA-II talks hit a snag

Pakistan and China on Monday failed to evolve consensus on second phase of Free Trade Agreement (CPFTA-II) as both sides refused to accepts each other's offer, well-informed sources told Business Recorder. The Chinese side was represented by Vice M
Published 03 Apr, 2018 12:00am
LNG terminals: Ogra in process of issuing licences

LNG terminals: Ogra in process of issuing licences

Oil and Gas Regulatory Authority (Ogra) is in process of issuing licenses to four companies which had applied for establishing LNG terminals in the country. Sources in Ministry of Petroleum said that Ogra is in process of issuing operation license to Paki
Published 03 Apr, 2018 12:00am
LNG terminals: Ogra in process of issuing licences

LNG terminals: Ogra in process of issuing licences

Oil and Gas Regulatory Authority (Ogra) is in process of issuing licenses to four companies which had applied for establishing LNG terminals in the country. Sources in Ministry of Petroleum said that Ogra is in process of issuing operation license to Paki
Published 03 Apr, 2018 12:00am
LNG terminals: Ogra in process of issuing licences

LNG terminals: Ogra in process of issuing licences

Oil and Gas Regulatory Authority (Ogra) is in process of issuing licenses to four companies which had applied for establishing LNG terminals in the country. Sources in Ministry of Petroleum said that Ogra is in process of issuing operation license to Paki
Published 03 Apr, 2018 12:00am
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