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Print - 2018-04-25
Third-party contractors: PAC directs PSO to end recruitment

Third-party contractors: PAC directs PSO to end recruitment

The Public Accounts Committee (PAC) has directed Pakistan State Oil (PSO) to end recruitment of employees via third-party contractors and make all future recruitments directly in the company. The PAC meeting held here under the chairmanship of Syed Khursh
Published 25 Apr, 2018 12:00am
No formal complaint about results of sixth census: PBS

No formal complaint about results of sixth census: PBS

Pakistan Bureau of Statistics (PBS) officials claimed on Tuesday that no political party has lodged a formal complaint with it regarding provisional results of the sixth census. Federal Secretary Statistics Rukhsana Yasmeen told Business Recorder t
Published 25 Apr, 2018 12:00am
'PML-N soon to launch mass contact campaign in Sindh'

'PML-N soon to launch mass contact campaign in Sindh'

President Pakistan Muslim League (N) Sindh Shah Muhammad Shah has informed that the party would soon launch a massive mass contact campaign in every nook and corner of Sindh province, adding the party's candidates would be fielded from all constituencies
Published 25 Apr, 2018 12:00am
Holding free, fair polls: Khursheed seeks neutral caretaker PM

Holding free, fair polls: Khursheed seeks neutral caretaker PM

Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah has said that he would try to ensure a neutral caretaker prime minister for holding free, fair and transparent election in the country. Talking to media persons on Tuesday, the opposi
Published 25 Apr, 2018 12:00am
Free CNICs sought: Sindh Assembly demands reversal of hike in NADRA fee

Free CNICs sought: Sindh Assembly demands reversal of hike in NADRA fee

Sindh Assembly on Tuesday adopted a resolution unanimously asking NADRA to reverse decision on 100 percent increase in identity cards fee as the provincial legislature apprehended the move may reduce voters' participation in next general election. Heer Is
Published 25 Apr, 2018 12:00am
Important wicket about to fall, claims Imran

Important wicket about to fall, claims Imran

Pakistan Tehreek-e-Insaf Imran Khan on Tuesday said that a very important wicket was about to fall which would prove vital for his party. However, during his media talk outside the Hajj terminal, he refused to name the person after he was asked whether PM
Published 25 Apr, 2018 12:00am
ECP approached to stop government from presenting budget

ECP approached to stop government from presenting budget

A tax lawyer has approached Election Commission of Pakistan (ECP) to stop government from presenting the federal budget (2018-19), which is scheduled to be unveiled on April 27, as the ruling party earlier influenced voters by reducing income tax rates fo
Published 25 Apr, 2018 12:00am
Meezan Bank posts promising results for first quarter

Meezan Bank posts promising results for first quarter

The Board of Directors of Meezan Bank, in its meeting, held in Karachi, approved the unconsolidated condensed interim financial statements and consolidated financial statements of the Bank for the quarter ended March 31, 2018. The meeting was presided by
Published 25 Apr, 2018 12:00am
Meezan Bank posts promising results for first quarter

Meezan Bank posts promising results for first quarter

The Board of Directors of Meezan Bank, in its meeting, held in Karachi, approved the unconsolidated condensed interim financial statements and consolidated financial statements of the Bank for the quarter ended March 31, 2018. The meeting was presided by
Published 25 Apr, 2018 12:00am
State security to Nawaz

State security to Nawaz

That Chief Justice of Pakistan is fair and judicious is a fact that has found its best expression from his directions that he issued during the hearing of a suo motu case on state security to people. According to him, if former prime minister Nawaz Sharif
Published 25 Apr, 2018 12:00am
China's 'makers' battle mistrust in hi-tech community

China's 'makers' battle mistrust in hi-tech community

Engineers, computer programmers and children tinker with self-made radio-controlled toy cars and robotic arms in China's southern city of Shenzhen, home to "makers" who belie the country's reputation as a hub for technology copycats. The group works in a
Published 25 Apr, 2018 12:00am
Building an egalitarian society

Building an egalitarian society

The global economic system is being seen to be under existential stress in view of various new factors that have emerged over the last decade or so. And because of this palpable stress, the global financial stability remains under threat. Indeed, the rapi
Published 25 Apr, 2018 12:00am
The inevitability of new IMF programme
Exchange

The inevitability of new IMF programme

A debate is going on in the country whether the economic conditions are such that economic stability would be restored only through a new programme from the IMF. We would attempt to give a viewpoint in this debate.
Published 25 Apr, 2018 12:00am
Shahbaz Sharif in Karachi

Shahbaz Sharif in Karachi

Punjab Chief Minister Shahbaz Sharif has undertaken two visits of Karachi in the last 11 days after his elevation as President of Pakistan Muslim League-N. Embittered by Pakistan People's Party's persistent refusals to extend a helping hand to a beleaguer
Published 25 Apr, 2018 12:00am
What is 'window dressing' for budget?

What is 'window dressing' for budget?

An official of the Ministry of Finance has indicated that 1.5 trillion rupee liabilities would be parked outside the budget 2018-19 on condition of strict anonymity. This is an extremely disturbing, though not surprising, revelation. It is critical to not
Published 25 Apr, 2018 12:00am
Gwadar port increasingly bustling with visitors

Gwadar port increasingly bustling with visitors

For over a decade, Pakistani officials have dreamed of transforming the small but strategically located fishing port of Gwadar into a duty-free port and free economic zone - Pakistan''s answer to Dubai. The aim is for Gwadar - located on the Arabian Sea n
Published 25 Apr, 2018 12:00am
Gwadar port increasingly bustling with visitors

Gwadar port increasingly bustling with visitors

For over a decade, Pakistani officials have dreamed of transforming the small but strategically located fishing port of Gwadar into a duty-free port and free economic zone - Pakistan's answer to Dubai. The aim is for Gwadar - located on the Arabian Sea ne
Published 25 Apr, 2018 12:00am
Gwadar port increasingly bustling with visitors

Gwadar port increasingly bustling with visitors

For over a decade, Pakistani officials have dreamed of transforming the small but strategically located fishing port of Gwadar into a duty-free port and free economic zone - Pakistan's answer to Dubai. The aim is for Gwadar - located on the Arabian Sea ne
Published 25 Apr, 2018 12:00am
The Weather

The Weather

The weather report on Tuesday (April 24, 2018) and the forecast for Wednesday (April 25, 2018).

Published 25 Apr, 2018 12:00am
Serious anomalies in new IT Amendment Ordinance 2018 detected

Serious anomalies in new IT Amendment Ordinance 2018 detected

Serious anomalies have been found in the newly introduced Income Tax Amendment Ordinance, 2018 wherein income tax rates for salaried individuals have been introduced to be effective from July 1, 2018. Tax lawyer Waheed Shahzad Butt told this correspondent
Published 25 Apr, 2018 12:00am
Serious anomalies in new IT Amendment Ordinance 2018 detected

Serious anomalies in new IT Amendment Ordinance 2018 detected

Serious anomalies have been found in the newly introduced Income Tax Amendment Ordinance, 2018 wherein income tax rates for salaried individuals have been introduced to be effective from July 1, 2018. Tax lawyer Waheed Shahzad Butt told this correspondent
Published 25 Apr, 2018 12:00am
Serious anomalies in new IT Amendment Ordinance 2018 detected

Serious anomalies in new IT Amendment Ordinance 2018 detected

Serious anomalies have been found in the newly introduced Income Tax Amendment Ordinance, 2018 wherein income tax rates for salaried individuals have been introduced to be effective from July 1, 2018. Tax lawyer Waheed Shahzad Butt told this correspondent
Published 25 Apr, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (April 24, 2018).

Published 25 Apr, 2018 12:00am
Two Indian troops killed

Two Indian troops killed

A soldier, a counterinsurgency police official was killed and a freedom fighter was martyred in a gunfight on Tuesday in Indian-held Kashmir, police said, triggering anti-India protests and clashes.
Published 25 Apr, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (April 24, 2018)

Published 25 Apr, 2018 12:00am
Two Indian troops killed

Two Indian troops killed

A soldier, a counterinsurgency police official was killed and a freedom fighter was martyred in a gunfight on Tuesday in Indian-held Kashmir, police said, triggering anti-India protests and clashes.
Published 25 Apr, 2018 12:00am
CJP says he wouldn't draw his salary unless...

CJP says he wouldn't draw his salary unless...

Chief Justice Mian Saqib Nisar on Tuesday declared that he would not draw his salary unless the Public Works Department (PWD) employees are paid their salaries. The Chief Justice made the announcement while hearing a case pertaining to the non-payment of
Published 25 Apr, 2018 12:00am
CJP says he wouldn't draw his salary unless...

CJP says he wouldn't draw his salary unless...

Chief Justice Mian Saqib Nisar on Tuesday declared that he would not draw his salary unless the Public Works Department (PWD) employees are paid their salaries. The Chief Justice made the announcement while hearing a case pertaining to the non-payment of
Published 25 Apr, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 24, 2018).

Published 25 Apr, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 24, 2018).

Published 25 Apr, 2018 12:00am
Counsel for Maryam, Safdar completes cross-examination of DG NAB

Counsel for Maryam, Safdar completes cross-examination of DG NAB

Deposed Prime Minister Nawaz Sharif, his daughter Maryam Nawaz and son-in-law Captain Muhammad Safdar (retd) appeared on Tuesday before the Accountability Court Judge Muhammad Bashir. Amjad Pervez, the counsel for Maryam and Safdar, completed the cross-ex
Published 25 Apr, 2018 12:00am
THE RUPEE: more decline
Currency

THE RUPEE: more decline

The rupee failed to resist slide against the dollar on the money market on Tuesday in the process of strong demand from investors and Umrah pilgrims, dealers said. The rupee showed no change against the dollar for buying and selling at Rs 115.61 and Rs 11
Published 25 Apr, 2018 12:00am
Counsel for Maryam, Safdar completes cross-examination of DG NAB

Counsel for Maryam, Safdar completes cross-examination of DG NAB

Deposed Prime Minister Nawaz Sharif, his daughter Maryam Nawaz and son-in-law Captain Muhammad Safdar (retd) appeared on Tuesday before the Accountability Court Judge Muhammad Bashir. Amjad Pervez, the counsel for Maryam and Safdar, completed the cross-ex
Published 25 Apr, 2018 12:00am
THE RUPEE: more decline
Currency

THE RUPEE: more decline

The rupee failed to resist slide against the dollar on the money market on Tuesday in the process of strong demand from investors and Umrah pilgrims, dealers said. The rupee showed no change against the dollar for buying and selling at Rs 115.61 and Rs 11
Published 25 Apr, 2018 12:00am
Trump, Macron call for new nuclear deal with Iran

Trump, Macron call for new nuclear deal with Iran

French President Emmanuel Macron and his American counterpart Donald Trump called jointly Tuesday for a new nuclear deal with Iran, after the US leader denounced the three-year-old accord as "insane." "I can say that we have had very frank discussions on
Published 25 Apr, 2018 12:00am
Trump, Macron call for new nuclear deal with Iran

Trump, Macron call for new nuclear deal with Iran

French President Emmanuel Macron and his American counterpart Donald Trump called jointly Tuesday for a new nuclear deal with Iran, after the US leader denounced the three-year-old accord as "insane." "I can say that we have had very frank discussions on
Published 25 Apr, 2018 12:00am
NRO: Notices issued to Musharraf, Zardari

NRO: Notices issued to Musharraf, Zardari

The Supreme Court Tuesday issued notices to former President General Pervez Musharraf (retd), former President Asif Ali Zardari, former Attorney General and former Justice Malik Qayyum and National Accountability Bureau (NAB) in a petition filed against c
Published 25 Apr, 2018 12:00am
NRO: Notices issued to Musharraf, Zardari

NRO: Notices issued to Musharraf, Zardari

The Supreme Court Tuesday issued notices to former President General Pervez Musharraf (retd), former President Asif Ali Zardari, former Attorney General and former Justice Malik Qayyum and National Accountability Bureau (NAB) in a petition filed against c
Published 25 Apr, 2018 12:00am
$35 million penalty for not telling investors of Yahoo hack
Exchange

$35 million penalty for not telling investors of Yahoo hack

US securities regulators on Tuesday announced that Altaba will pay a $35 million penalty for not telling them hackers had stolen Yahoo's "crown jewels." The 2014 breach blamed on Russian hackers affected hundreds of millions of Yahoo accounts, with stolen
Published 25 Apr, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (April 24, 2018).

Published 25 Apr, 2018 12:00am
Indian doctor mistakes patients, performs wrong surgery

Indian doctor mistakes patients, performs wrong surgery

A surgeon has been stood down from his post at a New Delhi hospital for performing an unnecessary operation on a patient's leg after confusing him with another man, an official said Tuesday.
Published 25 Apr, 2018 12:00am
Dar asked to appear before court on May 8

Dar asked to appear before court on May 8

The Supreme Court Tuesday directed former finance minister and Paki-stan Muslim League-Nawaz (PML-N) leader, Ishaq Dar, to appear before the court on May 8, besides assuring him a protective bail on return. A three-member Supreme Court bench ,comprising C
Published 25 Apr, 2018 12:00am
Dar asked to appear before court on May 8

Dar asked to appear before court on May 8

The Supreme Court Tuesday directed former finance minister and Paki-stan Muslim League-Nawaz (PML-N) leader, Ishaq Dar, to appear before the court on May 8, besides assuring him a protective bail on return. A three-member Supreme Court bench ,comprising C
Published 25 Apr, 2018 12:00am
SC maintains ban on recruitments

SC maintains ban on recruitments

The Supreme Court Tuesday maintained ban on recruitments in government institutions before upcoming general election with the direction to Islamabad High Court (IHC) to decide the provinces' petitions filed against the ECP notification within one week. A
Published 25 Apr, 2018 12:00am
SC maintains ban on recruitments

SC maintains ban on recruitments

The Supreme Court Tuesday maintained ban on recruitments in government institutions before upcoming general election with the direction to Islamabad High Court (IHC) to decide the provinces' petitions filed against the ECP notification within one week. A
Published 25 Apr, 2018 12:00am
Charter signed: Water policy approved by CCI

Charter signed: Water policy approved by CCI

The Council of Common Interests (CCI) approved National Water Policy (NWC) on Tuesday. The 37th meeting of the CCI, presided over by Prime Minister Shahid Khaqan Abbasi, was given a detailed briefing by Deputy Chairman Planning Commission, Sartaj Aziz, on
Published 25 Apr, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 25 Apr, 2018 12:00am
Charter signed: Water policy approved by CCI

Charter signed: Water policy approved by CCI

The Council of Common Interests (CCI) approved National Water Policy (NWC) on Tuesday. The 37th meeting of the CCI, presided over by Prime Minister Shahid Khaqan Abbasi, was given a detailed briefing by Deputy Chairman Planning Commission, Sartaj Aziz, on
Published 25 Apr, 2018 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 25 Apr, 2018 12:00am
Charter signed: Water policy approved by CCI

Charter signed: Water policy approved by CCI

The Council of Common Interests (CCI) approved National Water Policy (NWC) on Tuesday. The 37th meeting of the CCI, presided over by Prime Minister Shahid Khaqan Abbasi, was given a detailed briefing by Deputy Chairman Planning Commission, Sartaj Aziz, on
Published 25 Apr, 2018 12:00am
Mithi becomes most expensive city in March

Mithi becomes most expensive city in March

Highest Consumer Price Index (CPI) inflation has been observed in Mithi (Sindh) during March 2018. According to the State Bank of Pakistan''s (SBP), Inflation Monitor for March 2018, among 40 leading cities of the country, some 15 cities have been declare
Published 25 Apr, 2018 12:00am
Mithi becomes most expensive city in March

Mithi becomes most expensive city in March

Highest Consumer Price Index (CPI) inflation has been observed in Mithi (Sindh) during March 2018. According to the State Bank of Pakistan's (SBP), Inflation Monitor for March 2018, among 40 leading cities of the country, some 15 cities have been declared
Published 25 Apr, 2018 12:00am
Mithi becomes most expensive city in March

Mithi becomes most expensive city in March

Highest Consumer Price Index (CPI) inflation has been observed in Mithi (Sindh) during March 2018. According to the State Bank of Pakistan's (SBP), Inflation Monitor for March 2018, among 40 leading cities of the country, some 15 cities have been declared
Published 25 Apr, 2018 12:00am
Tax amnesty scheme approved by Senate body
Currency

Tax amnesty scheme approved by Senate body

Senate Standing Committee on Finance approved recently unveiled tax amnesty scheme with several amendments on Tuesday. A meeting of the committee presided over by Senator Farooq Naek discussed the Voluntary Declaration Domestic Assets Bill, 2018, the Fore
Published 25 Apr, 2018 12:00am
Tax amnesty scheme approved by Senate body
Currency

Tax amnesty scheme approved by Senate body

Senate Standing Committee on Finance approved recently unveiled tax amnesty scheme with several amendments on Tuesday. A meeting of the committee presided over by Senator Farooq Naek discussed the Voluntary Declaration Domestic Assets Bill, 2018, the Fore
Published 25 Apr, 2018 12:00am
Tax amnesty scheme approved by Senate body
Currency

Tax amnesty scheme approved by Senate body

Senate Standing Committee on Finance approved recently unveiled tax amnesty scheme with several amendments on Tuesday. A meeting of the committee presided over by Senator Farooq Naek discussed the Voluntary Declaration Domestic Assets Bill, 2018, the Fore
Published 25 Apr, 2018 12:00am
BRIndex100 extends gains
Exchange

BRIndex100 extends gains

Pakistan Stock Exchange witnessed bullish trend on the back of healthy buying by both local and foreign investors. BRIndex100 gained 59.27 points or 1.22 percent to close at 4,916.04 points on Tuesday. During the session, the BRIndex-100 touched an intrad
Published 25 Apr, 2018 12:00am
BRIndex100 extends gains
Exchange

BRIndex100 extends gains

Pakistan Stock Exchange witnessed bullish trend on the back of healthy buying by both local and foreign investors. BRIndex100 gained 59.27 points or 1.22 percent to close at 4,916.04 points on Tuesday. During the session, the BRIndex-100 touched an intrad
Published 25 Apr, 2018 12:00am
BRIndex100 extends gains
Exchange

BRIndex100 extends gains

Pakistan Stock Exchange witnessed bullish trend on the back of healthy buying by both local and foreign investors. BRIndex100 gained 59.27 points or 1.22 percent to close at 4,916.04 points on Tuesday. During the session, the BRIndex-100 touched an intrad
Published 25 Apr, 2018 12:00am
Volkswagen makes 15 billion-euro bet on electric cars in China

Volkswagen makes 15 billion-euro bet on electric cars in China

Car giant Volkswagen announced Tuesday investments of 15 billion euros ($18 billion) in electric and autonomous vehicles in China by 2022, in a massive bet on the vital market. "China is our second home," recently-installed chief executive Herbert Diess s
Published 25 Apr, 2018 12:00am
Volkswagen makes 15 billion-euro bet on electric cars in China

Volkswagen makes 15 billion-euro bet on electric cars in China

Car giant Volkswagen announced Tuesday investments of 15 billion euros ($18 billion) in electric and autonomous vehicles in China by 2022, in a massive bet on the vital market. "China is our second home," recently-installed chief executive Herbert Diess s
Published 25 Apr, 2018 12:00am
Volkswagen makes 15 billion-euro bet on electric cars in China

Volkswagen makes 15 billion-euro bet on electric cars in China

Car giant Volkswagen announced Tuesday investments of 15 billion euros ($18 billion) in electric and autonomous vehicles in China by 2022, in a massive bet on the vital market. "China is our second home," recently-installed chief executive Herbert Diess s
Published 25 Apr, 2018 12:00am
CCP decides to regulate real estate sector

CCP decides to regulate real estate sector

The Competition Commission of Pakistan (CCP) has decided to regulate real estate sector, estimated to have value of around Rs 7 trillion, covering private housing schemes and societies operating without any strict monitoring and regulations.
Published 25 Apr, 2018 12:00am
CCP decides to regulate real estate sector

CCP decides to regulate real estate sector

The Competition Commission of Pakistan (CCP) has decided to regulate real estate sector, estimated to have value of around Rs 7 trillion, covering private housing schemes and societies operating without any strict monitoring and regulations.
Published 25 Apr, 2018 12:00am
CCP decides to regulate real estate sector

CCP decides to regulate real estate sector

The Competition Commission of Pakistan (CCP) has decided to regulate real estate sector, estimated to have value of around Rs 7 trillion, covering private housing schemes and societies operating without any strict monitoring and regulations.
Published 25 Apr, 2018 12:00am
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