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Print - 2018-08-07
HEC amends degree attestation policy

HEC amends degree attestation policy

The Higher Education Commission (HEC) has amended the policy for degree attestation as applicant for degree attestation will no longer be required to submit information about previous or subsequent academic qualification. According to a notification issue
Published 07 Aug, 2018 12:00am
NBP launches tree plantation drive across Pakistan

NBP launches tree plantation drive across Pakistan

The National Bank of Pakistan formally launches its "Green Initiative" tree plantation campaign. Mr Saeed Ahmad, the NBP President planted sapling at the NBP's north region head-office in Islamabad. NBP's tree plantation campaign, "Green Initiative" is pa
Published 07 Aug, 2018 12:00am
Transfer of Naqeebullah case: SHC issues notices to Rao, others

Transfer of Naqeebullah case: SHC issues notices to Rao, others

Sindh High Court (SHC) on Monday issued notices to Home Department Sindh, Prosecutor General Sindh and others on a plea pertaining to transfer of Naqeebullah Mahsood murder case from Anti-Terrorism Court (ATC). Father of Naqeebulllah Mahsood filed the pet
Published 07 Aug, 2018 12:00am
Water, sewerage schemes: SWC urges uninterrupted power supply

Water, sewerage schemes: SWC urges uninterrupted power supply

Sindh Water Commission (SWC) on Monday urged to provide uninterrupted supply of electricity to energize water supply and sewerage schemes across the province and asked Federal Secretary Energy to take appropriate measures in this regard.
Published 07 Aug, 2018 12:00am
Meezan Bank installs ATM at KCCI

Meezan Bank installs ATM at KCCI

Meezan Bank has recently inaugurated its state-of-the-art off-site ATM at Karachi Chamber of Commerce & Industry (KCCI), the largest Chamber of Pakistan. Saleem Mandviwala Deputy Chairman, Senate of Pakistan attended the inauguration ceremony as the Guest
Published 07 Aug, 2018 12:00am
Summit Bank announces suspension of NCCPL services

Summit Bank announces suspension of NCCPL services

Summit Bank Limited has announced suspension of National Clearing Company of Pakistan Limited (NCCPL) services. This is with reference to National Clearing Company letter reference No NCCPL/CRO/131/18 dated August 02, 2018. National Clearing Company of Pa
Published 07 Aug, 2018 12:00am
Minister reviews progress on water supply schemes

Minister reviews progress on water supply schemes

Sindh Caretaker Minister for Public Health Engineering and Rural Development Mushtaq Ahmed Shah has said that work is in progress for supplying water to 48 villages of Kathore union council in district Malir while work is also going on for improvement of
Published 07 Aug, 2018 12:00am
July-June bed-wear textile export up by six percent

July-June bed-wear textile export up by six percent

The country exported $2.261 billion of bed-wear textile in July-June 2017-18, higher by 6 percent, official figures say. Increase in bed-wear textile export now stands at $123.297 million in July-June 2017-18 from $2.137 billion in July-June 2016-17, Paki
Published 07 Aug, 2018 12:00am
Shipping lines: KCCI chief for independent regulatory body

Shipping lines: KCCI chief for independent regulatory body

President Karachi Chamber of Commerce & Industry (KCCI), Muffasar Atta Malik has stressed the need to establish an independent regulatory body which could promptly respond to the grievances of the business community in order to put an end to the high hand
Published 07 Aug, 2018 12:00am
Telenor widens 'Velocity Partnership Programme'

Telenor widens 'Velocity Partnership Programme'

Telenor has widened the scope of its flagship "Velocity" accelerator by partnering with incubation centers and other accelerators across the nation to support budding Pakistani startups on a larger scale. Telenor Velocity is Pakistan's first telco-led acc
Published 07 Aug, 2018 12:00am
Economic policies: PTI urged to take business leaders on board
Cotton

Economic policies: PTI urged to take business leaders on board

The economic managers of Pakistan Tehreek-e-Insaf (PTI) should make extensive consultation with chambers and business leaders to formulate comprehensive, viable and result-oriented economic policies to put Pakistan back on road to progress and prosperity.
Published 07 Aug, 2018 12:00am
KMC land: collection of rent in accordance with market rate directed

KMC land: collection of rent in accordance with market rate directed

Metropolitan Commissioner of Karachi Metropolitan Corporation (KMC) Dr. Syed Saif-ur-Rehman has issued directive for collection of rent of KMC land in accordance with the market rate so that revenue generation could be made better. He also directed that m
Published 07 Aug, 2018 12:00am
Congo virus control cells to be established

Congo virus control cells to be established

A meeting regarding prevention of Congo virus held here with Deputy Commissioner (DC), Dr Imran Hamid Sheikh in the chair. Besides, Additional Deputy Commissioner (ADC), Shahid Ali Khan, Assistant Commissioner (AC) Mughees Sanaullah, District Director Liv
Published 07 Aug, 2018 12:00am
Interim Constitution of AJK: AJK President praises 13th Amendment

Interim Constitution of AJK: AJK President praises 13th Amendment

Azad Jammu and Kashmir (AJK) President Sardar Masood Khan Monday said that the recently arrived 13th Amendment to the AJK's Interim Constitution Act, 1974 reflected a popular demand and aspirations of the people of Azad Jammu and Kashmir.
Published 07 Aug, 2018 12:00am
NA-131: LHC restrains ECP from notifying Sanaullah's victory

NA-131: LHC restrains ECP from notifying Sanaullah's victory

The Lahore High Court on Monday issued notice to Election Commission of Pakistan for Tuesday (today) and barred from issuing notification Rana Sanaullah as returned candidate from NA-131. The court also restrained ECP from issuing victory notifications of
Published 07 Aug, 2018 12:00am
IMC launches advanced Corolla's version

IMC launches advanced Corolla's version

The most popular variant of Toyota's flagship Corolla, XLi 1.3 is set to change the auto sector dynamics of Pakistani market with launch of advanced version with 4 speed automatic (super electronic controlled transmission), dual SRS airbags, immobilizer a
Published 07 Aug, 2018 12:00am
PTI government expected to declare agriculture emergency

PTI government expected to declare agriculture emergency

Farmer associations are expecting the government in waiting of Pakistan Tehreek-e-Insaf (PTI) to declare agriculture emergency to enhance sector's contribution to the economy and ensure food security in the country. As part of the agriculture emergency, r
Published 07 Aug, 2018 12:00am
Eid-ul-Azha may take place on August 22

Eid-ul-Azha may take place on August 22

The Met Office has forecast a 'fair chance' of Zilhij moon sighting on August 12, indicating Eid-ul-Azha is taking place on Wednesday, August 22. The new moon of Zilhij (1439 AH) will be born on crossing conjunction point on August 11 at 2:59 pm. Accordin
Published 07 Aug, 2018 12:00am
PPP to sit on opposition benches in Punjab: Kaira

PPP to sit on opposition benches in Punjab: Kaira

President Pakistan Peoples Party (PPP) Punjab, Qamar Zaman Kaira said on Monday that PPP would sit on opposition benches in the province. He was presiding over a meeting of party ticket holders at the party secretariat in Model Town.
Published 07 Aug, 2018 12:00am
Imran's step-daughter, her friend join PTI

Imran's step-daughter, her friend join PTI

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan's step-daughter is among the two new members who joined the party on Monday. Mehru Hayat, daughter of Imran's wife Bushra Imran Khan, and her friend Farah Khan congratulated the prime minister-designate f
Published 07 Aug, 2018 12:00am
ANF seizes narcotics worth Rs 1.735 billion

ANF seizes narcotics worth Rs 1.735 billion

Anti Narcotics Force Pakistan seized 1.8 Tons narcotics valuing Rs 1.735 Billion internationally, arrested 30 persons involved in drug trafficking and impounded 18 vehicles in 26 counter-narcotics strikes across the country during past two weeks.
Published 07 Aug, 2018 12:00am
Opposition parties shifted their focus to Punjab

Opposition parties shifted their focus to Punjab

The opposition parties have shifted their focus of attention to Punjab subsequent to clear indications that Pakistan Tehreek-e-Insaf (PTI) has achieved the required numbers to form the government in the center.
Published 07 Aug, 2018 12:00am
Justice Sardar Muhammad takes oath as acting LHC CJ

Justice Sardar Muhammad takes oath as acting LHC CJ

Justice Mamoon Rashid Sheikh administered oath to Justice Sardar Muhammad Shamim Ahmad Khan on Monday as the acting chief justice of the Lahore High Court (LHC). A simple but impressive ceremony held at LHC judges lounge. LHC judges, officials, law office
Published 07 Aug, 2018 12:00am
Dams' construction: minister presents 10-point reform guidelines

Dams' construction: minister presents 10-point reform guidelines

Terming building dams a major challenge for the upcoming government, caretaker Minister for Water Resources Syed Ali Zafar presented 10-point reform guidelines including developing consensus on Kalabagh Dam and up to 20 percent budget allocation to addres
Published 07 Aug, 2018 12:00am
Karachiites suffer due to kitchen items' price-hike

Karachiites suffer due to kitchen items' price-hike

As Eidul Azha draws near, traders have soared prices of kitchen commodities especially tomatoes have gone out of common man's reach. Karachiites witness sudden hike in per kilogram price of tomato from 60-70 to Rs 110-120 in retail markets within a few da
Published 07 Aug, 2018 12:00am
FCCI lauds Haji Amjad's services for pilgrims

FCCI lauds Haji Amjad's services for pilgrims

Faisalabad Chamber of Commerce & Industry (FCCI) acknowledged the devoted and sincere efforts of executive member Haji Muhammad Amjad for extending unprecedented services to intending pilgrims, said Sheikh Farooq Yusuf Acting President FCCI.
Published 07 Aug, 2018 12:00am
India's highly prejudiced citizenship exercise

India's highly prejudiced citizenship exercise

Narendra Modi's government has taken one more decision to alienate Muslim minority by excluding 4 million people from the northeastern state of Assam, where Prime Minister Narendra Modi's Hindu nationalist party came to power for the first time in 2016 pr
Published 07 Aug, 2018 12:00am
New commodity funds seek to lure wary investors after giants falter

New commodity funds seek to lure wary investors after giants falter

New commodity funds springing up to bet on inflation are battling for buy-in from investors still wary of past underperformance and a raft of big-name closures in the sector. At least three commodity-focused hedge funds launched in the first six months of
Published 07 Aug, 2018 12:00am
The Weather

The Weather

The weather report on Monday (August 06, 2018) and the forecast for Tuesday (August 07, 2018).

Published 07 Aug, 2018 12:00am
Pakistan's unfinished democratic revolution

Pakistan's unfinished democratic revolution

Two weeks after the July 25, 2018 polls, the dust seems finally to be settling on one of the most controversial elections in Pakistan's history. Imran Khan's Pakistan Tehreek-e-Insaf (PTI) seems to have clinched the numbers to form PTI-led coalition gover
Published 07 Aug, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (August 06, 2018).

Published 07 Aug, 2018 12:00am
The financing dilemma

The financing dilemma

Pakistan finds itself today between the devil and the deep blue sea. The external balance of payments position has greatly worsened over the last two years. The combined current account deficit for these two years has risen sharply to $30 billion. This ha
Published 07 Aug, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (August 06, 2018).

Published 07 Aug, 2018 12:00am
Afghanistan's killing fields

Afghanistan's killing fields

The US' longest war abroad in its history shows few signs of winding down anytime soon. This despite Washington's clear signals that it would like nothing better than to close this embarrassing chapter, in which its invasion and occupation of Afghanistan
Published 07 Aug, 2018 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 07 Aug, 2018 12:00am
China-Pakistan economic partnership
Libor

China-Pakistan economic partnership

China extended 13.1 billion dollars to Pakistan during the five-year tenure of the Sharif/Abbasi administration - 6.3 billion dollars as balance of payment support (1.8 billion dollar bilateral loans, 4.5 billion dollars commercial loans at LIBOR plus 2.7
Published 07 Aug, 2018 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 07 Aug, 2018 12:00am
Canada defiant after Saudi Arabia freezes new trade, investment

Canada defiant after Saudi Arabia freezes new trade, investment

Ottawa on Monday refused to back down in its defence of human rights after Saudi Arabia froze new trade and investment and expelled the Canadian ambassador in retaliation for the country''s call to free arrested Saudi civil society activists. In her first
Published 07 Aug, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (August 06, 2018).

Published 07 Aug, 2018 12:00am
Canada defiant after Saudi Arabia freezes new trade, investment

Canada defiant after Saudi Arabia freezes new trade, investment

Ottawa on Monday refused to back down in its defence of human rights after Saudi Arabia froze new trade and investment and expelled the Canadian ambassador in retaliation for the country's call to free arrested Saudi civil society activists. In her first
Published 07 Aug, 2018 12:00am
Canada defiant after Saudi Arabia freezes new trade, investment

Canada defiant after Saudi Arabia freezes new trade, investment

Ottawa on Monday refused to back down in its defence of human rights after Saudi Arabia froze new trade and investment and expelled the Canadian ambassador in retaliation for the country's call to free arrested Saudi civil society activists. In her first
Published 07 Aug, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (August 06, 2018)

Published 07 Aug, 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 (August 06, 2018).

Published 07 Aug, 2018 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (August 06, 2018).

Published 07 Aug, 2018 12:00am
UN hails 'credible' Iraq vote recount

UN hails 'credible' Iraq vote recount

The United Nations on Monday hailed Iraq's "credible" vote recount, which paves the way for a government to be formed nearly three months after polls. Iraq's May 12 parliamentary elections were marred by allegations of fraud, prompting the country's supre
Published 07 Aug, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 06, 2018).

Published 07 Aug, 2018 12:00am
UN hails 'credible' Iraq vote recount

UN hails 'credible' Iraq vote recount

The United Nations on Monday hailed Iraq's "credible" vote recount, which paves the way for a government to be formed nearly three months after polls. Iraq's May 12 parliamentary elections were marred by allegations of fraud, prompting the country's supre
Published 07 Aug, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 06, 2018).

Published 07 Aug, 2018 12:00am
Youth prime target in hybrid war: CoAS

Youth prime target in hybrid war: CoAS

General Qamar Javed Bajwa, Chief of Army Staff (CoAS), visited Inter-Services Public Relations Directorate (ISPR) Monday. The CoAS addressed and interacted with youth during the ongoing annual internship programme at ISPR. The CoAS congratulated the stude
Published 07 Aug, 2018 12:00am
Youth prime target in hybrid war: CoAS

Youth prime target in hybrid war: CoAS

General Qamar Javed Bajwa, Chief of Army Staff (CoAS), visited Inter-Services Public Relations Directorate (ISPR) Monday. The CoAS addressed and interacted with youth during the ongoing annual internship programme at ISPR. The CoAS congratulated the stude
Published 07 Aug, 2018 12:00am
Europe bakes again in near-record temperatures

Europe bakes again in near-record temperatures

Europe baked in near-record temperatures on Monday but some respite was on the horizon after weeks of nonstop sunshine as people come to terms with what may prove to be the region's new normal in an era of climate change.
Published 07 Aug, 2018 12:00am
THE RUPEE: mixed trend
Currency

THE RUPEE: mixed trend

Divergent trend was witnessed on the money market on Monday as the rupee shed modestly against the dollar in the inter-bank market, while the national currency was unmoved on the open market in process of trading, dealers said.
Published 07 Aug, 2018 12:00am
Europe bakes again in near-record temperatures

Europe bakes again in near-record temperatures

Europe baked in near-record temperatures on Monday but some respite was on the horizon after weeks of nonstop sunshine as people come to terms with what may prove to be the region's new normal in an era of climate change.
Published 07 Aug, 2018 12:00am
THE RUPEE: mixed trend
Currency

THE RUPEE: mixed trend

Divergent trend was witnessed on the money market on Monday as the rupee shed modestly against the dollar in the inter-bank market, while the national currency was unmoved on the open market in process of trading, dealers said.
Published 07 Aug, 2018 12:00am
Case transfer not possible after indictment: NAB prosecutor

Case transfer not possible after indictment: NAB prosecutor

Deputy Prosecutor National Accountability Bureau (NAB) Sardar Muzaffar Abbasi on Monday contended before a division bench of Islamabad High Court that once an accused is indicted, a reference cannot be transferred to another judge. The two-member bench co
Published 07 Aug, 2018 12:00am
Case transfer not possible after indictment: NAB prosecutor

Case transfer not possible after indictment: NAB prosecutor

Deputy Prosecutor National Accountability Bureau (NAB) Sardar Muzaffar Abbasi on Monday contended before a division bench of Islamabad High Court that once an accused is indicted, a reference cannot be transferred to another judge. The two-member bench co
Published 07 Aug, 2018 12:00am
Quarterly tariff determination under study

Quarterly tariff determination under study

Power Division said on Monday that there is a proposal under consideration for quarterly tariff determination instead of doing this on annual basis to minimize volume of circular debt after a parliamentary panel stated that unbundling of power sector has
Published 07 Aug, 2018 12:00am
Quarterly tariff determination under study

Quarterly tariff determination under study

Power Division said on Monday that there is a proposal under consideration for quarterly tariff determination instead of doing this on annual basis to minimize volume of circular debt after a parliamentary panel stated that unbundling of power sector has
Published 07 Aug, 2018 12:00am
Quarterly tariff determination under study

Quarterly tariff determination under study

Power Division said on Monday that there is a proposal under consideration for quarterly tariff determination instead of doing this on annual basis to minimize volume of circular debt after a parliamentary panel stated that unbundling of power sector has
Published 07 Aug, 2018 12:00am
India kills 14 Maoist rebels

India kills 14 Maoist rebels

Indian security forces Monday killed 14 suspected Maoist rebels in a raid deep inside the forests of Chhattisgarh state, as the government intensified its crackdown. The police launched the operation after a tip-off about the presence of some 100 armed re
Published 07 Aug, 2018 12:00am
Singapore cyber attack may be state-linked: minister

Singapore cyber attack may be state-linked: minister

The biggest ever cyber attack to hit Singapore was carried out by highly sophisticated hackers typically linked to foreign governments, a cabinet minister said Monday, but did not give names. Hackers broke into a government database and stole the health r
Published 07 Aug, 2018 12:00am
BRIndex100 edges up

BRIndex100 edges up

Pakistan Stock Exchange Monday witnessed a bullish trend on the first day of the week on the back of select buying, mainly by local investors. BRIndex100 gained 29.51 points or 0.64 percent to close at 4,620.52 points. BRIndex-100 touched intraday high of
Published 07 Aug, 2018 12:00am
BRIndex100 edges up

BRIndex100 edges up

Pakistan Stock Exchange Monday witnessed a bullish trend on the first day of the week on the back of select buying, mainly by local investors. BRIndex100 gained 29.51 points or 0.64 percent to close at 4,620.52 points. BRIndex-100 touched intraday high of
Published 07 Aug, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 07 Aug, 2018 12:00am
BRIndex100 edges up

BRIndex100 edges up

Pakistan Stock Exchange Monday witnessed a bullish trend on the first day of the week on the back of select buying, mainly by local investors. BRIndex100 gained 29.51 points or 0.64 percent to close at 4,620.52 points. BRIndex-100 touched intraday high of
Published 07 Aug, 2018 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 07 Aug, 2018 12:00am
Disqualification case: Judge recuses himself

Disqualification case: Judge recuses himself

Justice Amir Farooq Monday recused himself from hearing a petition regarding disqualification of Chairman Pakistan Tehreek-e-Pakistan (PTI) Imran Khan under Article 62 of the Constitution and referred the matter to the IHC chief justice for constituting a
Published 07 Aug, 2018 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.

Published 07 Aug, 2018 12:00am
Disqualification case: Judge recuses himself

Disqualification case: Judge recuses himself

Justice Amir Farooq Monday recused himself from hearing a petition regarding disqualification of Chairman Pakistan Tehreek-e-Pakistan (PTI) Imran Khan under Article 62 of the Constitution and referred the matter to the IHC chief justice for constituting a
Published 07 Aug, 2018 12:00am
PML-N nominates Shahbaz for PM slot

PML-N nominates Shahbaz for PM slot

The executive committee of the Pakistan Muslim League-Nawaz (PML-N), which met here Monday unanimously, nominated party president Shahbaz Sharif as a candidate for the slot of prime minister. The meeting of the PML-N, which was held at the PML-N Secretari
Published 07 Aug, 2018 12:00am
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