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Print - 2018-05-12
ABL's donation for Rasst Welfare Society

ABL's donation for Rasst Welfare Society

Allied Bank is serving the nation under its CSR policy by extending helping hand to under-privileged communities in education, health, and many other sectors. Continuing with its CSR vision, Allied Bank recently presented a donation cheque to 'Rasst Welfa
Published 12 May, 2018 12:00am
Experts for managing public money effectively

Experts for managing public money effectively

Financial experts said that managing public money effectively can help all areas of government activities including effective resource allocation, policy-making, fight against corruption, better services and outcomes that would ultimately improve the live
Published 12 May, 2018 12:00am
Aashiyana Scam: Paragon CEO's two brothers detained

Aashiyana Scam: Paragon CEO's two brothers detained

The National Accountability Bureau (NAB) on Friday apprehended two brothers namely Umer Zia and Muneer Zia of Paragon Housing Scheme Chief Executive Officer (CEO) Nadeem Zia.
Published 12 May, 2018 12:00am
The importance of efficient payment mechanisms for social safety nets

The importance of efficient payment mechanisms for social safety nets

The Benazir Income Support Programme (BISP), launched in 2008, with an annual budget of $1.15 billion, is the largest and most systematic social protection initiative ever implemented in Pakistan. Targeted exclusively towards 5.6 million poor women, the s
Published 12 May, 2018 12:00am
Locally assembled cars April sale witness surge: PAMA

Locally assembled cars April sale witness surge: PAMA

Sales of locally assembled cars has witnessed buoyant performance during April 2018 as compared to corresponding month of last year, Pakistan Automotive Manufacturers Association (PAMA) said on Friday. The auto sales recorded 39 percent to 25,567 units on
Published 12 May, 2018 12:00am
Punjab introduces dengue control model: minister

Punjab introduces dengue control model: minister

Punjab Minister for Specialized Healthcare and Medical Education Khawaja Salman Rafique said Punjab has introduced a successful model of dengue control globally and even the Sri Lankan experts were astonished to see our success. He expressed these views w
Published 12 May, 2018 12:00am
SF to provide 50 homes to poor women free of cost

SF to provide 50 homes to poor women free of cost

Sheikh Foundation (SF) has embarked upon an ambitious project to provide 50 constructed houses to the poor and deserving female members free of cost, disclosed SF president Mian Muhammad Adrees. Addressing the Management Council at 11th Installation Anniv
Published 12 May, 2018 12:00am
Budget implementation: PRGMEA for taking all stakeholders on board

Budget implementation: PRGMEA for taking all stakeholders on board

Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has urged the government to take into confidence all the stakeholders including the value-added textile sector on formation as well as the implementation of the federal budget. In
Published 12 May, 2018 12:00am
Shahbaz accuses Zardari, Imran of hoodwinking masses

Shahbaz accuses Zardari, Imran of hoodwinking masses

Punjab Chief Minister Shahbaz Sharif on Friday said that politically conscious people of Pakistan have fully understood "Zardari and Niazi brothers" who have deceived the masses for long five years with their hollow slogans. While talking to a delegation
Published 12 May, 2018 12:00am
Robotics Expo begins today

Robotics Expo begins today

The Information Technology University (ITU) is holding 8th Robotics Expo, "Machines of the Future" on Saturday May 12 at Arfa Software Technology Park, Ferozepur Road, Lahore. Around 20 prototypes robots by students of second semesters will be showcased.
Published 12 May, 2018 12:00am
Ahsan Iqbal recuperating

Ahsan Iqbal recuperating

The condition of Interior Minister Ahsan Iqbal, who sustained bullet injuries during an assassination attempt at a corner meeting in his constituency at Narowal on May 6, is improving. "Ahsan Iqbal's condition is much better and he is walking inside the r
Published 12 May, 2018 12:00am
Refrigerator factory catches fire

Refrigerator factory catches fire

A huge fire broke out in a production unit of the famous refrigerating making factory 'Waves' in Hanjarwal vicinity of the provincial capital on Friday. After receiving information of the incident, a heavy contingent of police and firefighters reached the
Published 12 May, 2018 12:00am
PTI MPA Nargis Ali joins PML-Q

PTI MPA Nargis Ali joins PML-Q

Pakistan Tehrik-e-Insaaf (PTI) MPA from Khyber Pukhtoonkhwa Mohtarma Nargis Ali called on Pakistan Muslim League (PML-Q) President Ch Shujaat Hussain and Secretary General Tariq Bashir Cheema on Friday and announced to join the PML-Q. Welcoming Mohtarma N
Published 12 May, 2018 12:00am
LCCI sees huge economic scope under new Malaysian PM

LCCI sees huge economic scope under new Malaysian PM

The Lahore Chamber of Commerce and Industry, while extending warm greetings to Dr Mahathir Mohamad on assuming the charge as Malaysia's seventh prime minister, termed it a good news for Pakistani economy as well. "Credit of Malaysia's economic development
Published 12 May, 2018 12:00am
CJP orders to fire doctors involved in politics

CJP orders to fire doctors involved in politics

Chief Justice of Pakistan, Justice Mian Saqib Nisar admonished on Friday the protesting young doctors of Balochistan, ordering to fire those who involved in politics. A two-member bench, headed by the CJP, was hearing a case pertaining to the condition of
Published 12 May, 2018 12:00am
SHC rejects bail plea of Transport department's ex-secretary
Currency

SHC rejects bail plea of Transport department's ex-secretary

Sindh High Court (SHC) Friday turned down the bail application of former provincial Secretary Transport Iqbal Bablani in a graft case and ruled that bail can't be granted until the trial of accused is not completed in a subordinate court. SHC resumed the
Published 12 May, 2018 12:00am
Sindh's water shortfall stands at 55 percent: Murad

Sindh's water shortfall stands at 55 percent: Murad

Sindh Chief Minister Syed Murad Ali Shah Friday said the province was not receiving full supply of water as it is witnessing a shortfall of 55 percent. Addressing a post-budget news conference at the CM House, Murad said PPP is the only party that had str
Published 12 May, 2018 12:00am
Ecolean partners with leading milk brand Prema

Ecolean partners with leading milk brand Prema

Ecolean has entered into an agreement with At-Tahur Ltd. purveyor of milk brand Prema to provide an ultimate packaging solution for the brand's premium fresh milk offering in the portion-sized segment, with Ecolean(r) Air 250ml.
Published 12 May, 2018 12:00am
Pak Suzuki donates equipment to Burns Centre

Pak Suzuki donates equipment to Burns Centre

Pak Suzuki has donated an Electric Boiler, one Ultrasound Machine and two sets of Surgical Instruments to the Friends of Burns Centre at Civil Hospital Karachi. The official handing over ceremony of the equipment took place at the Burns Centre on Thursday
Published 12 May, 2018 12:00am
SBP urged to bring stability in dollar's rate
Currency

SBP urged to bring stability in dollar's rate

The Pakistan Industrial and Traders Association Front (PIAF) has urged the State Bank of Pakistan (SBP) to take necessary measures to bring stability in the dollar's rate failing which it would increase inflation in the country. PIAF Chairman Irfan Iqbal
Published 12 May, 2018 12:00am
Two-month fishing ban may take place in June-July period

Two-month fishing ban may take place in June-July period

A two-month fishing ban is expected to take place in June-July period during the interim government to restrict the fisheries hunt in high-tide summer season. Insofar, the officials told Business Recorder on Friday that the incumbent government is
Published 12 May, 2018 12:00am
TDAP Secretary invited to China Import-Export Fair

TDAP Secretary invited to China Import-Export Fair

Yunnan Provincial People's Congress Standing Committee's vice chairman, Na Jie, officially invited the Secretary TDAP to visit China Kunming Import & Export Fair and China South Asia Exposition that will be held from June 12 to 18, 2018 in Chinese city at
Published 12 May, 2018 12:00am
Catching white-collar criminals a difficult task, says Sindh NAB DG

Catching white-collar criminals a difficult task, says Sindh NAB DG

The Director General National Accountability Bureau (NAB) Sindh Muhammad Altaf Bawani has said that catching white collar crimes was a difficult task but the NAB Sindh achieve success in detecting the corruption and initiating action on basis of solid evi
Published 12 May, 2018 12:00am
NA body forms sub-committee to take stock of government assurances

NA body forms sub-committee to take stock of government assurances

National Assembly's Sub-Committee on Government Assurance met here on Friday under its Convener Shahzadi Umerzadi Tiwana. The Standing Committee on Government Assurances had constituted the sub-committee to monitor all pending assurances and get them impl
Published 12 May, 2018 12:00am
Indian government urged to hold plebiscite in IHK under UN supervision

Indian government urged to hold plebiscite in IHK under UN supervision

Speakers at a seminar have asked India to fulfill the commitment of giving Kashmiris their right to self-determination by holding plebiscite in the Jammu and Kashmir under the supervision of the United Nations. Speaking at the seminar organized by the Int
Published 12 May, 2018 12:00am
NAB seeks details of vehicles owned by Fawad Hassan

NAB seeks details of vehicles owned by Fawad Hassan

The National Accountability Bureau (NAB) has asked the Excise Department to provide details of vehicles registered in the name of Fawad Hassan Fawad, former principle secretary to prime minister.
Published 12 May, 2018 12:00am
Chitral's Joshi Festival attracts foreign tourists

Chitral's Joshi Festival attracts foreign tourists

A number of foreign tourists including French and Australian families have arrived in Chitral to enjoy Chilimjusht to be held on May 14. The French and Australian tourist families visited the Tourist Information Centre (TIC) in Chitral, where they were br
Published 12 May, 2018 12:00am
Five of a family killed in blast due to gas leakage

Five of a family killed in blast due to gas leakage

Five people of a family were killed in a blast due to gas leakage in Peshawar's local hotel on Friday morning. The police said the blast occurred at the fourth floor of Afreen Hotel located at Bilal Town due to gas leakage and resultantly, fired erupted t
Published 12 May, 2018 12:00am
Japanese envoy calls on Jhagra

Japanese envoy calls on Jhagra

Ambassador of Japan to Pakistan, Takashi Kurai called on the Governor Khyber Pakhtunkhwa Engr Iqbal Zafar Jhagra here at Governor House, Peshawar on Friday.
Published 12 May, 2018 12:00am
BISP's rural livelihood programme launched

BISP's rural livelihood programme launched

"I am delighted that Nestle Pakistan has joined hands with BISP to support women beneficiaries by providing them an opportunity to earn better livelihood by selling Nestle products in addition to the income support given by BISP," said Marvi Memon while a
Published 12 May, 2018 12:00am
PM not received any notice from SC: spokesman

PM not received any notice from SC: spokesman

The spokesman for Prime Minister's Office on Friday said Prime Minister Shahid Khaqan Abbasi has not received any notice from the Apex Court. Clarifying media reports about summoning the prime minister by the Supreme Court, the spokesman said the prime mi
Published 12 May, 2018 12:00am
US diplomat case: IHC tells MoI to decide about placing name on ECL

US diplomat case: IHC tells MoI to decide about placing name on ECL

Islamabad High Court Friday directed the Ministry of Interior to decide about placing US diplomat Colonel Joseph Emmanuel's name on Exit Control List (ECL) within two weeks for allegedly killing a youngster in a road smash. A single bench of IHC comprisin
Published 12 May, 2018 12:00am
Karachi under sharper focus

Karachi under sharper focus

Karachi seems to have attracted the incumbent government's attention in a meaningful manner. Presenting the Fiscal year 2018-19 federal budget, the newly-appointed finance minister Miftah Ismail said, among other things, that "PML-N government after comin
Published 12 May, 2018 12:00am
Trump pullout from Iran deal signals Mideast strategic shift

Trump pullout from Iran deal signals Mideast strategic shift

US President Donald Trump's rejection of an accord curbing Iran's nuclear activities and the escalation in hostilities between Iran and Israel that followed herald a new strategic dynamic in the Middle East that has heightened fears of greater conflict.
Published 12 May, 2018 12:00am
Malnutrition

Malnutrition

"Stunting early in a child's life can cause irreversible damage to cognitive development and has educational, income, and productivity consequences that reach far into adulthood. The economic costs of under nutrition, in terms of lost national productivit
Published 12 May, 2018 12:00am
Economies of the region

Economies of the region

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in its report has stated that the economies in the Asia-Pacific region registered a robust growth in 2017 and the prospects for this year look promising. The UN development
Published 12 May, 2018 12:00am
Fake degrees galore

Fake degrees galore

The Supreme Court on Thursday summoned the heads of local airlines, including Prime Minister Shahid Khaqan Abbasi, as the boss of a private airline, in connection with fake degrees held by many pilots and members of cabin crew. While four private airlines
Published 12 May, 2018 12:00am
Remembering May 12

Remembering May 12

Today is May 12, 2018. Exactly 11 years ago, Karachi, the economic hub and financial capital of Pakistan, witnessed unprecedented bloodshed in its history. It was on this day that the building that houses this newspaper and Aaj Television came under a gun
Published 12 May, 2018 12:00am
Any hostile action shall be effectively responded: Bajwa

Any hostile action shall be effectively responded: Bajwa

Chief of Army Staff General Qamar Javed Bajwa has said that despite Pakistan's desire for maintaining peace with its neighbours, any hostile action anywhere along its frontiers shall be effectively and befittingly responded. The Chief of Army Staff said t
Published 12 May, 2018 12:00am
Any hostile action shall be effectively responded: Bajwa

Any hostile action shall be effectively responded: Bajwa

Chief of Army Staff General Qamar Javed Bajwa has said that despite Pakistan's desire for maintaining peace with its neighbours, any hostile action anywhere along its frontiers shall be effectively and befittingly responded. The Chief of Army Staff said t
Published 12 May, 2018 12:00am
Anti-judiciary speeches: PML-N lawmakers among six indicted by LHC

Anti-judiciary speeches: PML-N lawmakers among six indicted by LHC

The Lahore High Court Friday indicted six accused including MNA Waseem Akhtar, MPA Naeem Safdar, Municipal Chairman Ayaz Khan, Vice-Chairman Ahmad Latif, Nasir Khan and Jamil Khan over charges of taking out a rally against the judiciary in Kasur. Although
Published 12 May, 2018 12:00am
Anti-judiciary speeches: PML-N lawmakers among six indicted by LHC

Anti-judiciary speeches: PML-N lawmakers among six indicted by LHC

The Lahore High Court Friday indicted six accused including MNA Waseem Akhtar, MPA Naeem Safdar, Municipal Chairman Ayaz Khan, Vice-Chairman Ahmad Latif, Nasir Khan and Jamil Khan over charges of taking out a rally against the judiciary in Kasur. Although
Published 12 May, 2018 12:00am
Foreign currencies: SBP seeks FIA help against illegal inland movement

Foreign currencies: SBP seeks FIA help against illegal inland movement

In the wake of ongoing evaluation of Financial Action Task Force (FATF), the State Bank of Pakistan (SBP) has sought help from the Federal Investigation Agency (FIA) to stop the illegal inland movement of foreign currencies. Sources told Business Recor
Published 12 May, 2018 12:00am
Foreign currencies: SBP seeks FIA help against illegal inland movement

Foreign currencies: SBP seeks FIA help against illegal inland movement

In the wake of ongoing evaluation of Financial Action Task Force (FATF), the State Bank of Pakistan (SBP) has sought help from the Federal Investigation Agency (FIA) to stop the illegal inland movement of foreign currencies. Sources told Business Recor
Published 12 May, 2018 12:00am
Foreign currencies: SBP seeks FIA help against illegal inland movement

Foreign currencies: SBP seeks FIA help against illegal inland movement

In the wake of ongoing evaluation of Financial Action Task Force (FATF), the State Bank of Pakistan (SBP) has sought help from the Federal Investigation Agency (FIA) to stop the illegal inland movement of foreign currencies. Sources told Business Recor
Published 12 May, 2018 12:00am
Some local industries may get tax incentives

Some local industries may get tax incentives

The government is expected to give tax incentives to some local industries, including match industry, additional relief to fertilizer sector and reduced rate of 12 percent sales tax on the import of LNG by two specific companies. It is learnt that the ame
Published 12 May, 2018 12:00am
Some local industries may get tax incentives

Some local industries may get tax incentives

The government is expected to give tax incentives to some local industries, including match industry, additional relief to fertilizer sector and reduced rate of 12 percent sales tax on the import of LNG by two specific companies. It is learnt that the ame
Published 12 May, 2018 12:00am
Some local industries may get tax incentives

Some local industries may get tax incentives

The government is expected to give tax incentives to some local industries, including match industry, additional relief to fertilizer sector and reduced rate of 12 percent sales tax on the import of LNG by two specific companies. It is learnt that the ame
Published 12 May, 2018 12:00am
The Weather

The Weather

The weather report on Friday (May 11, 2018) and the forecast for Saturday (May 12, 2018).

Published 12 May, 2018 12:00am
Balochistan budget now on May 14

Balochistan budget now on May 14

The Balochistan Assembly postponed its scheduled budget session on Friday. The budget will now be presented on May 14. Home Minister Sarfraz Bugti said the budget session was postponed to avoid any major mistake in the budgetary proposals. Opposition lawm
Published 12 May, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 11, 2018).

Published 12 May, 2018 12:00am
Balochistan budget now on May 14

Balochistan budget now on May 14

The Balochistan Assembly postponed its scheduled budget session on Friday. The budget will now be presented on May 14. Home Minister Sarfraz Bugti said the budget session was postponed to avoid any major mistake in the budgetary proposals. Opposition lawm
Published 12 May, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 11, 2018).

Published 12 May, 2018 12:00am
Balochistan budget now on May 14

Balochistan budget now on May 14

The Balochistan Assembly postponed its scheduled budget session on Friday. The budget will now be presented on May 14. Home Minister Sarfraz Bugti said the budget session was postponed to avoid any major mistake in the budgetary proposals. Opposition lawm
Published 12 May, 2018 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 12 May, 2018 12:00am
Balochistan budget now on May 14

Balochistan budget now on May 14

The Balochistan Assembly postponed its scheduled budget session on Friday. The budget will now be presented on May 14. Home Minister Sarfraz Bugti said the budget session was postponed to avoid any major mistake in the budgetary proposals. Opposition lawm
Published 12 May, 2018 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 12 May, 2018 12:00am
Name of caretaker PM to be announced on May 15: Shah

Name of caretaker PM to be announced on May 15: Shah

Prime Minister Shahid Khaqan Abbasi and Opposition leader Khurshid Shah on Friday finally arrived at a consensus pertaining to the name of caretaker prime minister. Talking to the media, Shah refused to reveal the name and said the announcement will be ma
Published 12 May, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (May 11, 2018).

Published 12 May, 2018 12:00am
Name of caretaker PM to be announced on May 15: Shah

Name of caretaker PM to be announced on May 15: Shah

Prime Minister Shahid Khaqan Abbasi and Opposition leader Khurshid Shah on Friday finally arrived at a consensus pertaining to the name of caretaker prime minister. Talking to the media, Shah refused to reveal the name and said the announcement will be ma
Published 12 May, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (May 11, 2018)

Published 12 May, 2018 12:00am
Annual Plan for 2018-19
Cotton

Annual Plan for 2018-19

The Annual Plan of Pakistan has been placed recently on the website of the Planning Commission. This Plan needs to have the permission of the National Economic Council (NEC) to publish it. The meeting of the Council on the 24th of April was disrupted by t
Published 12 May, 2018 12:00am
Annual Plan for 2018-19
Cotton

Annual Plan for 2018-19

The Annual Plan of Pakistan has been placed recently on the website of the Planning Commission. This Plan needs to have the permission of the National Economic Council (NEC) to publish it. The meeting of the Council on the 24th of April was disrupted by t
Published 12 May, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 11, 2018).

Published 12 May, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 11, 2018).

Published 12 May, 2018 12:00am
Pakistan imposes restrictions on US diplomats

Pakistan imposes restrictions on US diplomats

In an interchange move, Pakistan Friday introduced new travel restrictions for US diplomats and officials across the country, mirroring travel restrictions by Trump administration on Pakistani diplomats and officials effective from 11 May. The Foreign Off
Published 12 May, 2018 12:00am
THE RUPEE: more recovery
Currency

THE RUPEE: more recovery

The rupee maintained upward trend in terms of the dollar on the money market on Friday in the process of trading, dealers said. The rupee stayed put against the dollar for buying and selling at Rs 115.61 and Rs 115.62, they said.
Published 12 May, 2018 12:00am
Pakistan imposes restrictions on US diplomats

Pakistan imposes restrictions on US diplomats

In an interchange move, Pakistan Friday introduced new travel restrictions for US diplomats and officials across the country, mirroring travel restrictions by Trump administration on Pakistani diplomats and officials effective from 11 May. The Foreign Off
Published 12 May, 2018 12:00am
THE RUPEE: more recovery
Currency

THE RUPEE: more recovery

The rupee maintained upward trend in terms of the dollar on the money market on Friday in the process of trading, dealers said. The rupee stayed put against the dollar for buying and selling at Rs 115.61 and Rs 115.62, they said.
Published 12 May, 2018 12:00am
BRIndex100 retreats

BRIndex100 retreats

Sentiments at Pakistan Stock Exchange (PSX) remained negative on the last trading day Friday. BRIndex100 declined by 31.47 points 0.67 percent to close at 4,651.75 points compared to 4,683.22 points Thursday. BRIndex100 touched intraday high of 4,706.32 p
Published 12 May, 2018 12:00am
BRIndex100 retreats

BRIndex100 retreats

Sentiments at Pakistan Stock Exchange (PSX) remained negative on the last trading day Friday. BRIndex100 declined by 31.47 points 0.67 percent to close at 4,651.75 points compared to 4,683.22 points Thursday. BRIndex100 touched intraday high of 4,706.32 p
Published 12 May, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (May 11, 2018).

Published 12 May, 2018 12:00am
BRIndex100 retreats

BRIndex100 retreats

Sentiments at Pakistan Stock Exchange (PSX) remained negative on the last trading day Friday. BRIndex100 declined by 31.47 points 0.67 percent to close at 4,651.75 points compared to 4,683.22 points Thursday. BRIndex100 touched intraday high of 4,706.32 p
Published 12 May, 2018 12:00am
UN nuclear watchdog''''s chief inspector resigns

UN nuclear watchdog''''s chief inspector resigns

The chief inspector of the UN''''s nuclear watchdog the International Atomic Energy Agency (IAEA) resigned Friday, a spokesperson for the agency said. No reason was given for Tero Varjoranta''''s sudden departure, which comes days after US President Donal
Published 12 May, 2018 12:00am
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