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Print - 2018-04-29
Prices of essential kitchen items remain stable

Prices of essential kitchen items remain stable

Prices of essential kitchen items remained stable during this week past against the preceding week, a survey conducted by Business Recorder revealed, here on Saturday. The survey observed that onion price witnessed no change which is available at R
Published 29 Apr, 2018 12:00am
Two planes narrowly escape collision

Two planes narrowly escape collision

Two planes narrowly avoided collision at Benazir Bhutto International Airport Islamabad on Saturday. A private airline plane was waiting for command from the control room to take off for Sharjah when another flight from Karachi arrived. The two planes nar
Published 29 Apr, 2018 12:00am
Mobile service restored in Mohmand Agency

Mobile service restored in Mohmand Agency

Mobile phone service has been restored in Mohmand Agency after the passage 13 months, its closure caused difficulties for tribesmen and negatively affected business activities in the region. It will be mentioned here that last year the authorities on the
Published 29 Apr, 2018 12:00am
SKMCH accredited to US Joint Commission International

SKMCH accredited to US Joint Commission International

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan Saturday said that Shaukat Khanum Memorial Cancer Hospital (SKMCH) has been accredited by the United States Joint Commission International and termed the day one of the happiest ones in his life. Taking t
Published 29 Apr, 2018 12:00am
Street crimes on the rise in Islamabad

Street crimes on the rise in Islamabad

Despite tight security arrangements in the federal capital, the incidents of snatching of cash, cell phones and other valuables at gunpoint registered a significant increase during the last week. According to data gathered by Business Recorder here
Published 29 Apr, 2018 12:00am
PPP leader criticises Imran

PPP leader criticises Imran

Secretary General Pakistan Peoples Party Syed Nayyar Hussain Bukhari has said that Imran Niazi is a political bubble. His bubble of being a fake Khan will burst in the 2018 general elections. Addressing Party workers at the membership camp in Islamabad on
Published 29 Apr, 2018 12:00am
SCCI chief criticises budget
Exchange

SCCI chief criticises budget

Business community has termed the federal budget for financial year 2018-19 as political incentive and election budget under the prevailing economic conditions of the country, saying the budget was not growth-oriented. Zahidullah Shinwari, president of th
Published 29 Apr, 2018 12:00am
Shah slams government over presentation of budget by 'stranger'

Shah slams government over presentation of budget by 'stranger'

Leader of the Opposition in National Assembly, Syed Khursheed Ahmad Shah has urged the Supreme Court to take action on alleged violation of the Constitution, as a 'stranger' presented the federal budget 2018-19 in the House. Talking to the media here on S
Published 29 Apr, 2018 12:00am
US dollar and Pakistani rupee
Exchange

US dollar and Pakistani rupee

Guided and supported by State Bank of Pakistan, Forex Association of Pakistan has taken the much-needed step to arrest the unwarranted slide of rupee against US dollar. Forex Association of Pakistan is now fixing and releasing the daily rates for trading
Published 29 Apr, 2018 12:00am
Deadline looms on US steel tariff exemptions
Exchange

Deadline looms on US steel tariff exemptions

Key US trading partners face a looming deadline on Tuesday when crippling tariffs on steel and aluminum are set to take effect - and they are urging the White House to exempt them permanently. The major suppliers, including Canada, Mexico, South Korea and
Published 29 Apr, 2018 12:00am
Auto plants of the future may have a surprisingly human touch

Auto plants of the future may have a surprisingly human touch

Carmakers have big plans for their next generation of factories: smarter designs, artificial intelligence and collaborative robots building a wide range of vehicles on the same line. The plants will also feature a component they say is the secret ingredie
Published 29 Apr, 2018 12:00am
Mayhem in Syria

Mayhem in Syria

I last visited Syria in 1997. Had paid the visit as a mark of reverence and gratitude towards Syeda Zainab (RA). What a beautiful city, country it was then. How cheerful were its inhabitants. But what has global politics alongside deformed brains of the l
Published 29 Apr, 2018 12:00am
Getting rid of pretend doctors

Getting rid of pretend doctors

Quackery, a serious public health hazard, is a thriving business in this country. While presiding, during a recent visit to Peshawar, over a three-member bench of the Supreme Court hearing different cases of public interest in Khyber Pakhtunkhwa, Chief Ju
Published 29 Apr, 2018 12:00am
Badly managed Universities

Badly managed Universities

Lack of meritocracy in the selection of higher education officials seems to have become a standard practice rather than an aberration. Taking a suo motu notice on last Sunday of the appointment of vice chancellors of various public sector universities in
Published 29 Apr, 2018 12:00am
Regulating pharmacies

Regulating pharmacies

Almost every effort at reform in this country runs into resistance by entrenched interests. The latest case in point is the Punjab government's initiative to enforce minimum service delivery standards on pharmacies and medical stores. Soon after the 18th
Published 29 Apr, 2018 12:00am
SC seeks record of irregularities in SCA

SC seeks record of irregularities in SCA

Supreme Court (SC) on Saturday sought the complete record of irregularities in Sindh Coal Authority (SCA) and directed provincial government to inform the court about the projects initiated and funds released by the authority. SC resumed the hearing on ir
Published 29 Apr, 2018 12:00am
SC seeks record of irregularities in SCA

SC seeks record of irregularities in SCA

Supreme Court (SC) on Saturday sought the complete record of irregularities in Sindh Coal Authority (SCA) and directed provincial government to inform the court about the projects initiated and funds released by the authority. SC resumed the hearing on ir
Published 29 Apr, 2018 12:00am
SC seeks record of irregularities in SCA

SC seeks record of irregularities in SCA

Supreme Court (SC) on Saturday sought the complete record of irregularities in Sindh Coal Authority (SCA) and directed provincial government to inform the court about the projects initiated and funds released by the authority. SC resumed the hearing on ir
Published 29 Apr, 2018 12:00am
Saudi-led strike 'kills dozens' of Yemen rebels

Saudi-led strike 'kills dozens' of Yemen rebels

A Saudi-led coalition air strike has killed dozens of Yemeni rebels including two commanders, state media said Saturday, in another blow to the insurgents following the assassination of their political chief. The Huthi rebels staged a public funeral on Sa
Published 29 Apr, 2018 12:00am
Saudi-led strike 'kills dozens' of Yemen rebels

Saudi-led strike 'kills dozens' of Yemen rebels

A Saudi-led coalition air strike has killed dozens of Yemeni rebels including two commanders, state media said Saturday, in another blow to the insurgents following the assassination of their political chief. The Huthi rebels staged a public funeral on Sa
Published 29 Apr, 2018 12:00am
HBL PAT

HBL PAT

HBL on Friday declared a profit after tax of Rs 4.7 billion, with earnings per share for Q1 18, not Q1 17, at Rs 3.12.
Published 29 Apr, 2018 12:00am
HBL PAT

HBL PAT

HBL on Friday declared a profit after tax of Rs 4.7 billion, with earnings per share for Q1 18, not Q1 17, at Rs 3.12.
Published 29 Apr, 2018 12:00am
HBL PAT

HBL PAT

HBL on Friday declared a profit after tax of Rs 4.7 billion, with earnings per share for Q1 18, not Q1 17, at Rs 3.12.
Published 29 Apr, 2018 12:00am
HBL PAT

HBL PAT

HBL on Friday declared a profit after tax of Rs 4.7 billion, with earnings per share for Q1 18, not Q1 17, at Rs 3.12.
Published 29 Apr, 2018 12:00am
Iran says US 'unqualified' to play role in Korean detente
Exchange

Iran says US 'unqualified' to play role in Korean detente

Iran on Saturday welcomed steps towards detente between North and South Korea but warned that the United States was unqualified to play a role since it did not "respect its commitments". The foreign ministry said the meeting between North Korean leader Ki
Published 29 Apr, 2018 12:00am
Iran says US 'unqualified' to play role in Korean detente
Exchange

Iran says US 'unqualified' to play role in Korean detente

Iran on Saturday welcomed steps towards detente between North and South Korea but warned that the United States was unqualified to play a role since it did not "respect its commitments". The foreign ministry said the meeting between North Korean leader Ki
Published 29 Apr, 2018 12:00am
Pakistan, India establish hotline contact

Pakistan, India establish hotline contact

Hotline Contact was established between Pakistani and Indian directors general military operations, says a press release issued by the Inter Services Public Relations Saturday. According to the ISPR, DGMO Pakistan Army took up the issue of continuing surg
Published 29 Apr, 2018 12:00am
Pakistan, India establish hotline contact

Pakistan, India establish hotline contact

Hotline Contact was established between Pakistani and Indian directors general military operations, says a press release issued by the Inter Services Public Relations Saturday. According to the ISPR, DGMO Pakistan Army took up the issue of continuing surg
Published 29 Apr, 2018 12:00am
Two Hazara men shot dead in 'targeted' attack

Two Hazara men shot dead in 'targeted' attack

Two shopkeepers belonging to the Shia Hazara community were killed in a drive-by shooting here on Saturday. According to police, unidentified assailants opened fire at an electronics shop in Jamaluddin Afghani Road area, killing two Hazara men on the spot
Published 29 Apr, 2018 12:00am
Two Hazara men shot dead in 'targeted' attack

Two Hazara men shot dead in 'targeted' attack

Two shopkeepers belonging to the Shia Hazara community were killed in a drive-by shooting here on Saturday. According to police, unidentified assailants opened fire at an electronics shop in Jamaluddin Afghani Road area, killing two Hazara men on the spot
Published 29 Apr, 2018 12:00am
15 Sindh government bank accounts de-attached

15 Sindh government bank accounts de-attached

Regional Tax Office (RTO)-III, Karachi has finally de-attached all 15 bank accounts of different Sindh government departments with no recovery. Talking to Business Recorder, a senior official at RTO-III, who requested anonymity, confirmed to have released
Published 29 Apr, 2018 12:00am
15 Sindh government bank accounts de-attached

15 Sindh government bank accounts de-attached

Regional Tax Office (RTO)-III, Karachi has finally de-attached all 15 bank accounts of different Sindh government departments with no recovery. Talking to Business Recorder, a senior official at RTO-III, who requested anonymity, confirmed to have released
Published 29 Apr, 2018 12:00am
15 Sindh government bank accounts de-attached

15 Sindh government bank accounts de-attached

Regional Tax Office (RTO)-III, Karachi has finally de-attached all 15 bank accounts of different Sindh government departments with no recovery. Talking to Business Recorder, a senior official at RTO-III, who requested anonymity, confirmed to have released
Published 29 Apr, 2018 12:00am
15 Sindh government bank accounts de-attached

15 Sindh government bank accounts de-attached

Regional Tax Office (RTO)-III, Karachi has finally de-attached all 15 bank accounts of different Sindh government departments with no recovery. Talking to Business Recorder, a senior official at RTO-III, who requested anonymity, confirmed to have released
Published 29 Apr, 2018 12:00am
Government seeks to bring disposal of assets into tax regime

Government seeks to bring disposal of assets into tax regime

The government has proposed a comprehensive procedure to bring disposal of assets located in Pakistan or abroad into tax regime. According to a budget commentary prepared by renowned tax expert Ashfaq Tola here on Saturday, the Finance Bill 2018 proposes
Published 29 Apr, 2018 12:00am
Government seeks to bring disposal of assets into tax regime

Government seeks to bring disposal of assets into tax regime

The government has proposed a comprehensive procedure to bring disposal of assets located in Pakistan or abroad into tax regime. According to a budget commentary prepared by renowned tax expert Ashfaq Tola here on Saturday, the Finance Bill 2018 proposes
Published 29 Apr, 2018 12:00am
Government seeks to bring disposal of assets into tax regime

Government seeks to bring disposal of assets into tax regime

The government has proposed a comprehensive procedure to bring disposal of assets located in Pakistan or abroad into tax regime. According to a budget commentary prepared by renowned tax expert Ashfaq Tola here on Saturday, the Finance Bill 2018 proposes
Published 29 Apr, 2018 12:00am
Confident Pompeo makes Middle East diplomatic debut

Confident Pompeo makes Middle East diplomatic debut

Washington's newly appointed secretary of state landed in Riyadh Saturday on a tour of America's key Middle East allies, after vowing to bring some "swagger" back to US diplomacy. After attending Nato talks in Brussels, Mike Pompeo embarked on a three-day
Published 29 Apr, 2018 12:00am
Confident Pompeo makes Middle East diplomatic debut

Confident Pompeo makes Middle East diplomatic debut

Washington's newly appointed secretary of state landed in Riyadh Saturday on a tour of America's key Middle East allies, after vowing to bring some "swagger" back to US diplomacy. After attending Nato talks in Brussels, Mike Pompeo embarked on a three-day
Published 29 Apr, 2018 12:00am
FBR to impose GST on 12 services in ICT

FBR to impose GST on 12 services in ICT

The Federal Board of Revenue (FBR) has decided to impose sales tax on 12 services including property dealers within the jurisdiction of Islamabad Capital Territory from July 1, 2018. Sources told Business Recorder here on Saturday that under Financ
Published 29 Apr, 2018 12:00am
FBR to impose GST on 12 services in ICT

FBR to impose GST on 12 services in ICT

The Federal Board of Revenue (FBR) has decided to impose sales tax on 12 services including property dealers within the jurisdiction of Islamabad Capital Territory from July 1, 2018. Sources told Business Recorder here on Saturday that under Financ
Published 29 Apr, 2018 12:00am
FBR to impose GST on 12 services in ICT

FBR to impose GST on 12 services in ICT

The Federal Board of Revenue (FBR) has decided to impose sales tax on 12 services including property dealers within the jurisdiction of Islamabad Capital Territory from July 1, 2018. Sources told Business Recorder here on Saturday that under Financ
Published 29 Apr, 2018 12:00am
Banking companies: FBR seeks details of tax on cash withdrawals

Banking companies: FBR seeks details of tax on cash withdrawals

In order to get full access to accountholders'''' data for tax purposes, the Federal Board of Revenue (FBR) has decided that the banks would provide details of tax collected on cash withdrawals exceeding Rs 50,000 from filers and non-filers having account
Published 29 Apr, 2018 12:00am
Banking companies: FBR seeks details of tax on cash withdrawals

Banking companies: FBR seeks details of tax on cash withdrawals

In order to get full access to accountholders'' data for tax purposes, the Federal Board of Revenue (FBR) has decided that the banks would provide details of tax collected on cash withdrawals exceeding Rs 50,000 from filers and non-filers having accounts
Published 29 Apr, 2018 12:00am
Banking companies: FBR seeks details of tax on cash withdrawals

Banking companies: FBR seeks details of tax on cash withdrawals

In order to get full access to accountholders' data for tax purposes, the Federal Board of Revenue (FBR) has decided that the banks would provide details of tax collected on cash withdrawals exceeding Rs 50,000 from filers and non-filers having accounts w
Published 29 Apr, 2018 12:00am
Banking companies: FBR seeks details of tax on cash withdrawals

Banking companies: FBR seeks details of tax on cash withdrawals

In order to get full access to accountholders' data for tax purposes, the Federal Board of Revenue (FBR) has decided that the banks would provide details of tax collected on cash withdrawals exceeding Rs 50,000 from filers and non-filers having accounts w
Published 29 Apr, 2018 12:00am
Pasha sees financial emergency around the corner

Pasha sees financial emergency around the corner

Former finance minister Hafeez Pasha on Saturday said the country's economy is fast approaching a serious crisis that can only be averted through hard steps under a financial emergency. In an interview to Aaj News' programme 'Paisa Bolta Hay' hosted by An
Published 29 Apr, 2018 12:00am
Pasha sees financial emergency around the corner

Pasha sees financial emergency around the corner

Former finance minister Hafeez Pasha on Saturday said the country's economy is fast approaching a serious crisis that can only be averted through hard steps under a financial emergency. In an interview to Aaj News' programme 'Paisa Bolta Hay' hosted by An
Published 29 Apr, 2018 12:00am
The Weather

The Weather

The weather report on Saturday (April 28, 2018) and the forecast for Sunday (April 29, 2018).

Published 29 Apr, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am
Miftah rules out IMF bailout
Exchange

Miftah rules out IMF bailout

Finance Minister Dr Miftah Ismail Saturday said the government has no intention to approach the International Monetary Fund (IMF) for another programme loan as economic measures, taken since December 2017, including rupee depreciation, have started delive
Published 29 Apr, 2018 12:00am
Miftah rules out IMF bailout
Exchange

Miftah rules out IMF bailout

Finance Minister Dr Miftah Ismail Saturday said the government has no intention to approach the International Monetary Fund (IMF) for another programme loan as economic measures, taken since December 2017, including rupee depreciation, have started delive
Published 29 Apr, 2018 12:00am
Miftah rules out IMF bailout
Exchange

Miftah rules out IMF bailout

Finance Minister Dr Miftah Ismail Saturday said the government has no intention to approach the International Monetary Fund (IMF) for another programme loan as economic measures, taken since December 2017, including rupee depreciation, have started delive
Published 29 Apr, 2018 12:00am
China persists in strategic autonomy, Modi told
Exchange

China persists in strategic autonomy, Modi told

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi ended informal meetings Saturday with a promise to reduce border tensions after a high-altitude standoff in the Himalayas last year. The leaders have spent two days in the central Chines
Published 29 Apr, 2018 12:00am
China persists in strategic autonomy, Modi told
Exchange

China persists in strategic autonomy, Modi told

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi ended informal meetings Saturday with a promise to reduce border tensions after a high-altitude standoff in the Himalayas last year. The leaders have spent two days in the central Chines
Published 29 Apr, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 28, 2018)

Published 29 Apr, 2018 12:00am
Nawaz concerned over weakening of rupee
Currency

Nawaz concerned over weakening of rupee

Expressing concern over weakening of the Pak rupee, former Prime Minister Nawaz Sharif said on Saturday that the country's issues would be resolved when the GDP growth rate will cross the mark of 7 percent. "When the PML-N came into power, the growth was
Published 29 Apr, 2018 12:00am
Nawaz concerned over weakening of rupee
Currency

Nawaz concerned over weakening of rupee

Expressing concern over weakening of the Pak rupee, former Prime Minister Nawaz Sharif said on Saturday that the country's issues would be resolved when the GDP growth rate will cross the mark of 7 percent. "When the PML-N came into power, the growth was
Published 29 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 Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am
Budget destined for revision

Budget destined for revision

The budget 2018-19's applicability due from 1 July 2018 is likely to be even shorter than the tenure of the few hours' old Finance Minister Miftah Ismail who presented the budget in parliament and who is mandated to leave office latest by 30 May.
Published 29 Apr, 2018 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am
Budget destined for revision

Budget destined for revision

The budget 2018-19's applicability due from 1 July 2018 is likely to be even shorter than the tenure of the few hours' old Finance Minister Miftah Ismail who presented the budget in parliament and who is mandated to leave office latest by 30 May.
Published 29 Apr, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am
Next government can amend budget: PM

Next government can amend budget: PM

Prime Minister Shahid Khaqan Abbasi on Saturday said the next government can amend the budget 2018-19 presented by Pakistan Muslim League-Nawaz (PML-N). The premier inaugurated Gas Processing Facility at Kunnar oil and gas field in Tando Jam in Hyderabad.
Published 29 Apr, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am
Next government can amend budget: PM

Next government can amend budget: PM

Prime Minister Shahid Khaqan Abbasi on Saturday said the next government can amend the budget 2018-19 presented by Pakistan Muslim League-Nawaz (PML-N). The premier inaugurated Gas Processing Facility at Kunnar oil and gas field in Tando Jam in Hyderabad.
Published 29 Apr, 2018 12:00am
France, Germany vow joint eurozone reform plan
Currency

France, Germany vow joint eurozone reform plan

Germany and France on Saturday pledged to deliver a joint proposal to reform the eurozone in time for a leaders summit in June, despite their big differences on the future of the bloc. "We strongly believe that we should be able to find a compromise betwe
Published 29 Apr, 2018 12:00am
THE RUPEE: stable trend
Exchange

THE RUPEE: stable trend

The rupee maintained a firm posture against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 118.20 and Rs 118.70, they said. The rup
Published 29 Apr, 2018 12:00am
France, Germany vow joint eurozone reform plan
Currency

France, Germany vow joint eurozone reform plan

Germany and France on Saturday pledged to deliver a joint proposal to reform the eurozone in time for a leaders summit in June, despite their big differences on the future of the bloc. "We strongly believe that we should be able to find a compromise betwe
Published 29 Apr, 2018 12:00am
THE RUPEE: stable trend
Exchange

THE RUPEE: stable trend

The rupee maintained a firm posture against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 118.20 and Rs 118.70, they said. The rup
Published 29 Apr, 2018 12:00am
France, Germany vow joint eurozone reform plan
Currency

France, Germany vow joint eurozone reform plan

Germany and France on Saturday pledged to deliver a joint proposal to reform the eurozone in time for a leaders summit in June, despite their big differences on the future of the bloc. "We strongly believe that we should be able to find a compromise betwe
Published 29 Apr, 2018 12:00am
CJP orders audit of railways

CJP orders audit of railways

Chief Justice of Pakistan on Saturday ordered the audit of Pakistan Railways by A.F. Ferguson & Co. Chief Justice of Pakistan (CJP) Mian Saqib Nisar hearing a suo motu notice into losses of Railway rejected the objection of railways minister, saying that
Published 29 Apr, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am
CJP orders audit of railways

CJP orders audit of railways

Chief Justice of Pakistan on Saturday ordered the audit of Pakistan Railways by A.F. Ferguson & Co. Chief Justice of Pakistan (CJP) Mian Saqib Nisar hearing a suo motu notice into losses of Railway rejected the objection of railways minister, saying that
Published 29 Apr, 2018 12:00am
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